549300JZVW1Y1UZ5UK38 2024-01-01 2024-12-31 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 549300JZVW1Y1UZ5UK38 2024-12-31 549300JZVW1Y1UZ5UK38 2023-12-31 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:IssuedCapitalMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:ReserveOfCashFlowHedgesMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:TreasurySharesMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:RetainedEarningsMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:NoncontrollingInterestsMember 549300JZVW1Y1UZ5UK38 2024-01-01 2024-12-31 ifrs-full:RetainedEarningsMember 549300JZVW1Y1UZ5UK38 2024-01-01 2024-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 549300JZVW1Y1UZ5UK38 2024-01-01 2024-12-31 ifrs-full:NoncontrollingInterestsMember 549300JZVW1Y1UZ5UK38 2024-01-01 2024-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 549300JZVW1Y1UZ5UK38 2024-01-01 2024-12-31 ifrs-full:ReserveOfCashFlowHedgesMember 549300JZVW1Y1UZ5UK38 2024-01-01 2024-12-31 ifrs-full:TreasurySharesMember 549300JZVW1Y1UZ5UK38 2024-01-01 2024-12-31 ifrs-full:IssuedCapitalMember 549300JZVW1Y1UZ5UK38 2024-12-31 ifrs-full:IssuedCapitalMember 549300JZVW1Y1UZ5UK38 2024-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 549300JZVW1Y1UZ5UK38 2024-12-31 ifrs-full:ReserveOfCashFlowHedgesMember 549300JZVW1Y1UZ5UK38 2024-12-31 ifrs-full:TreasurySharesMember 549300JZVW1Y1UZ5UK38 2024-12-31 ifrs-full:RetainedEarningsMember 549300JZVW1Y1UZ5UK38 2024-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 549300JZVW1Y1UZ5UK38 2024-12-31 ifrs-full:NoncontrollingInterestsMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:IssuedCapitalMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:ReserveOfCashFlowHedgesMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:TreasurySharesMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:RetainedEarningsMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:NoncontrollingInterestsMember 549300JZVW1Y1UZ5UK38 2022-12-31 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:RetainedEarningsMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:NoncontrollingInterestsMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:ReserveOfCashFlowHedgesMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:TreasurySharesMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:IssuedCapitalMember iso4217:DKK iso4217:DKK xbrli:shares Europe Our network combines ferry, road, and rail transport withcomplementary logistics solutions. Denmark 29753000000 27304000000 6117000000 5597000000 3814000000 3263000000 7596000000 6776000000 6361000000 5572000000 1424000000 1206000000 4440000000 4890000000 -9000000 -26000000 43000000 113000000 2793000000 2473000000 33000000 0 1716000000 2504000000 210000000 178000000 1506000000 2326000000 47000000 80000000 870000000 739000000 683000000 1667000000 142000000 148000000 541000000 1519000000 534000000 1516000000 6000000 3000000 541000000 1519000000 9.68 26.89 9.67 26.83 <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42437 l3 ls1264">Proposed </span><span class="pp-class-373 pa t42437 l20048 ls287">profit </span><span class="pp-class-373 pa t42437 l22716 ls854">appropriation</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42437 l42303"/></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42438 l3 ls319 wtro3159 wtr1293 tro3160 tr1294">Proposed </span><span class="pp-class-373 pa t42438 l42439 ls124 wtro3159 wtr1293 tro3160 tr1294">dividends </span><span class="pp-class-373 pa t42438 l42440 ls884 wtro3159 wtr1293 tro3160 tr1294">DKK </span><span class="pp-class-373 pa t42438 l42441 ls14385 wtro3159 wtr1293 tro3160 tr1294">0.00</span><span class="pp-class-373 pa t42438 l42442 ls884 wtro3159 wtr1293 tro3160 tr1294">per </span><span class="pp-class-373 pa t42438 l42443 ls1065 wtro3159 wtr1293 tro3160 tr1294">share </span><span class="pp-class-374 pa t42444 l42445 ls1259 wtro42446 wtr1293 tro42447 tr1294">1</span><span class="pp-class-373 pa t42438 l42448 wtro3159 wtr1293 tro3160 tr1294"/><span class="pp-class-373 pa t42438 l42449 ls110 wtro3159 wtr1293 tro3160 tr1294">(2023: </span><span class="pp-class-373 pa t42438 l42450 ls884 wtro3159 wtr1293 tro3160 tr1294">DKK </span><span class="pp-class-373 pa t42438 l42451 ls1535 wtro3159 wtr1293 tro3160 tr1294">3.00</span><span class="pp-class-373 pa t42438 l42452 ls884 wtro3159 wtr1293 tro3160 tr1294">per </span><span class="pp-class-373 pa t42438 l42453 ls1974 wtro3159 wtr1293 tro3160 tr1294">share)</span><span class="pp-class-374 pa t42444 l42454 wtro42446 wtr1293 tro42447 tr1294"/></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2694">Dividends</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls8853">Proposed </span><span class="pp-class-382 pa t30087 l57603 ls1073">dividends </span><span class="pp-class-382 pa t30087 l57604 ls800">are </span><span class="pp-class-382 pa t30087 l57605 ls2970">recognised </span><span class="pp-class-382 pa t30087 l57606 ls1080">as </span><span class="pp-class-382 pa t30087 l57607 ls1118">liabilities </span><span class="pp-class-382 pa t30087 l56975 ls1083">at </span><span class="pp-class-382 pa t30087 l47588 ls858">the </span><span class="pp-class-382 pa t30087 l57608 ls852">date </span><span class="pp-class-382 pa t30087 l57609 ls1080">on </span><span class="pp-class-382 pa t30087 l57610 ls1759">which </span><span class="pp-class-382 pa t30087 l57611 ls960">they </span><span class="pp-class-382 pa t30087 l57612 ls800">are </span><span class="pp-class-382 pa t30087 l57613 ls2970">adopted </span><span class="pp-class-382 pa t30087 l57614 ls1083">at </span><span class="pp-class-382 pa t30087 l57615 ls1099">the </span><span class="pp-class-382 pa t30087 l57616 ls1110">Annual </span><span class="pp-class-382 pa t30093 l3 ls1150">General </span><span class="pp-class-382 pa t30093 l43759 ls3474">Meeting </span><span class="pp-class-382 pa t30093 l19163 ls1759">(time </span><span class="pp-class-382 pa t30093 l57617 ls103">of </span><span class="pp-class-382 pa t30093 l57618 ls3623">declaration).</span></p> 0 3 541000000 1519000000 9000000 -21000000 2000000 -6000000 7000000 -15000000 -168000000 -119000000 26000000 110000000 -109000000 -20000000 76000000 63000000 -8000000 -146000000 -1000000 -161000000 540000000 1357000000 534000000 1355000000 6000000 2000000 540000000 1357000000 7497000000 4952000000 1189000000 990000000 755000000 831000000 382000000 346000000 13000000 17000000 9837000000 7136000000 828000000 759000000 821000000 823000000 11712000000 11782000000 2531000000 1939000000 374000000 415000000 5667000000 5600000000 21933000000 21317000000 3000000 2000000 2000000 1000000 0 1000000 82000000 79000000 25000000 0 113000000 155000000 225000000 238000000 31996000000 28691000000 322000000 339000000 4871000000 4459000000 452000000 400000000 51000000 20000000 1589000000 737000000 7286000000 5956000000 39281000000 34647000000 1159000000 1173000000 -490000000 -451000000 13145000000 13119000000 13814000000 13840000000 75000000 92000000 13890000000 13932000000 17113000000 13602000000 522000000 468000000 104000000 90000000 58000000 22000000 74000000 43000000 17870000000 14225000000 1621000000 1627000000 3984000000 3461000000 392000000 113000000 78000000 83000000 1160000000 904000000 69000000 52000000 218000000 251000000 7521000000 6491000000 25392000000 20715000000 39281000000 34647000000 1173000000 -481000000 78000000 -48000000 13119000000 13840000000 92000000 13932000000 534000000 534000000 6000000 541000000 76000000 -84000000 7000000 0 -1000000 -1000000 76000000 -84000000 542000000 534000000 6000000 540000000 13000000 13000000 -20000000 -7000000 0 2000000 2000000 176000000 176000000 176000000 8000000 8000000 8000000 26000000 26000000 26000000 46000000 385000000 431000000 431000000 2000000 -2000000 0 0 -13000000 13000000 0 0 -13000000 0 0 -31000000 -516000000 -560000000 -22000000 -582000000 1159000000 -404000000 -6000000 -79000000 13145000000 13814000000 75000000 13890000000 1173000000 -543000000 286000000 -28000000 12133000000 13022000000 114000000 13135000000 1516000000 1516000000 3000000 1519000000 62000000 -208000000 -14000000 -160000000 -1000000 -161000000 62000000 -208000000 1501000000 1355000000 2000000 1357000000 17000000 17000000 -25000000 -8000000 293000000 293000000 293000000 12000000 12000000 12000000 29000000 29000000 29000000 21000000 279000000 300000000 300000000 1000000 -1000000 0 0 0 0 0 -21000000 -515000000 -536000000 -25000000 -560000000 1173000000 -481000000 78000000 -48000000 13119000000 13840000000 92000000 13932000000 4440000000 4890000000 37000000 53000000 64000000 338000000 -48000000 -44000000 47000000 79000000 848000000 725000000 144000000 240000000 3420000000 3675000000 818000000 998000000 0 1466000000 669000000 578000000 138000000 92000000 96000000 83000000 2574000000 1033000000 378000000 0 -7000000 -14000000 -3647000000 -1149000000 -227000000 2526000000 8441000000 1556000000 6645000000 4141000000 1203000000 981000000 305000000 0 1024000000 799000000 12000000 12000000 431000000 300000000 -6000000 -8000000 2000000 0 168000000 281000000 1075000000 -2980000000 848000000 -454000000 737000000 1189000000 5000000 2000000 1589000000 737000000 <div id="pp-id-4991" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h42570 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls728">At </span><span class="pp-class-376 pa t3433 l43322">31 </span><span class="pp-class-376 pa t3433 l43323">December </span><span class="pp-class-376 pa t3433 l43324 ls16">2024 </span><span class="pp-class-376 pa t3439 l3">DKK </span><span class="pp-class-376 pa t3439 l2737">11m </span><span class="pp-class-376 pa t3439 l1923">(2023: </span><span class="pp-class-376 pa t3439 l36693">DKK </span><span class="pp-class-376 pa t3445 l3 ls81">14m) </span><span class="pp-class-376 pa t3445 l43325 ls287">of </span><span class="pp-class-376 pa t3445 l43326">the </span><span class="pp-class-376 pa t3445 l43327">cash </span><span class="pp-class-376 pa t3445 l43328 ls124">was </span><span class="pp-class-376 pa t4202 l3 ls907">deposited </span><span class="pp-class-376 pa t4202 l43329">on </span><span class="pp-class-376 pa t4202 l43330 ls138">restricted </span><span class="pp-class-376 pa t4210 l3">bank </span><span class="pp-class-376 pa t4210 l43331 ls1264">accounts.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3457 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3463 l3 ls78">Restated </span><span class="pp-class-376 pa t3463 l43332 ls43">for </span><span class="pp-class-376 pa t3463 l43333">changes </span><span class="pp-class-376 pa t3463 l2724">in </span><span class="pp-class-376 pa t4229 l3 ls72">accounting </span><span class="pp-class-376 pa t4229 l43334 ls1101">policy, </span><span class="pp-class-376 pa t4229 l43335 ls1065">refer </span><span class="pp-class-376 pa t4234 l3 ls166">to </span><span class="pp-class-376 pa t4234 l4223 ls171">note </span><span class="pp-class-376 pa t4234 l43336">1.2.</span></p></div></div> <div id="pp-id-4991" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h42570 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls728">At </span><span class="pp-class-376 pa t3433 l43322">31 </span><span class="pp-class-376 pa t3433 l43323">December </span><span class="pp-class-376 pa t3433 l43324 ls16">2024 </span><span class="pp-class-376 pa t3439 l3">DKK </span><span class="pp-class-376 pa t3439 l2737">11m </span><span class="pp-class-376 pa t3439 l1923">(2023: </span><span class="pp-class-376 pa t3439 l36693">DKK </span><span class="pp-class-376 pa t3445 l3 ls81">14m) </span><span class="pp-class-376 pa t3445 l43325 ls287">of </span><span class="pp-class-376 pa t3445 l43326">the </span><span class="pp-class-376 pa t3445 l43327">cash </span><span class="pp-class-376 pa t3445 l43328 ls124">was </span><span class="pp-class-376 pa t4202 l3 ls907">deposited </span><span class="pp-class-376 pa t4202 l43329">on </span><span class="pp-class-376 pa t4202 l43330 ls138">restricted </span><span class="pp-class-376 pa t4210 l3">bank </span><span class="pp-class-376 pa t4210 l43331 ls1264">accounts.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3457 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3463 l3 ls78">Restated </span><span class="pp-class-376 pa t3463 l43332 ls43">for </span><span class="pp-class-376 pa t3463 l43333">changes </span><span class="pp-class-376 pa t3463 l2724">in </span><span class="pp-class-376 pa t4229 l3 ls72">accounting </span><span class="pp-class-376 pa t4229 l43334 ls1101">policy, </span><span class="pp-class-376 pa t4229 l43335 ls1065">refer </span><span class="pp-class-376 pa t4234 l3 ls166">to </span><span class="pp-class-376 pa t4234 l4223 ls171">note </span><span class="pp-class-376 pa t4234 l43336">1.2.</span></p></div></div> 11000000 14000000 <div class="pp-class-10" id="pp-id-5026" xmlns="http://www.w3.org/1999/xhtml"><div class="w43646 h43647 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.1 </span><span class="pp-class-370 pa t21055 l43638">Principal </span><span class="pp-class-370 pa t21055 l43648 ls128">accounting </span><span class="pp-class-370 pa t21055 l43649">policies</span></p></div></div><div id="pp-id-5027" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h43650 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3 ls688">Accounting </span><span class="pp-class-382 pa t328 l14053 ls2694">policies </span><span class="pp-class-382 pa t328 l43651 ls800">are </span><span class="pp-class-382 pa t328 l27816 ls4396">generally </span><span class="pp-class-382 pa t328 l43652 ls238">included </span><span class="pp-class-382 pa t328 l43653 ls1080">in </span><span class="pp-class-382 pa t328 l43654 ls858">the </span><span class="pp-class-382 pa t328 l43655 ls53">notes </span><span class="pp-class-382 pa t328 l43656 ls1759">to </span><span class="pp-class-382 pa t328 l43657 ls1759">which </span><span class="pp-class-382 pa t328 l43658 ls960">they </span><span class="pp-class-382 pa t328 l43659 ls2851">relate. </span><span class="pp-class-382 pa t328 l43660 ls1323">This </span><span class="pp-class-382 pa t328 l37885 ls1859">note </span><span class="pp-class-382 pa t328 l43661 ls3377">provides </span><span class="pp-class-382 pa t328 l43662 ls302">a </span><span class="pp-class-382 pa t328 l43663 ls1323">list </span><span class="pp-class-382 pa t328 l43664 ls103">of </span><span class="pp-class-382 pa t328 l43665 ls58">other </span><span class="pp-class-382 pa t30568 l3 ls2760">potentially </span><span class="pp-class-382 pa t30568 l43666 ls2142">material </span><span class="pp-class-382 pa t30568 l26547 ls53">accounting </span><span class="pp-class-382 pa t30568 l6051 ls2694">policies </span><span class="pp-class-382 pa t30568 l43667 ls2970">adopted </span><span class="pp-class-382 pa t30568 l43668 ls1080">in </span><span class="pp-class-382 pa t30568 l43669 ls858">the </span><span class="pp-class-382 pa t30568 l39081 ls3630">preparation </span><span class="pp-class-382 pa t30568 l43670 ls103">of </span><span class="pp-class-382 pa t30568 l43671 ls1759">these </span><span class="pp-class-382 pa t30568 l43672 ls2088">consolidated </span><span class="pp-class-382 pa t30568 l43673 ls1323">financial </span><span class="pp-class-382 pa t30575 l3 ls1244">statements </span><span class="pp-class-382 pa t30575 l43674 ls1759">to </span><span class="pp-class-382 pa t30575 l43675 ls858">the </span><span class="pp-class-382 pa t30575 l43676 ls2688">extent </span><span class="pp-class-382 pa t30575 l43677 ls6360">that </span><span class="pp-class-382 pa t30575 l43678 ls960">they </span><span class="pp-class-382 pa t30575 l43679 ls185">have </span><span class="pp-class-382 pa t30575 l43680 ls830">not </span><span class="pp-class-382 pa t30575 l43681 ls1323">been </span><span class="pp-class-382 pa t30575 l43682 ls1073">disclosed </span><span class="pp-class-382 pa t30575 l43683 ls1080">in </span><span class="pp-class-382 pa t30575 l43684 ls1099">the </span><span class="pp-class-382 pa t30575 l43685 ls53">notes </span><span class="pp-class-382 pa t30575 l43686 ls1759">to </span><span class="pp-class-382 pa t30575 l43687 ls1759">which </span><span class="pp-class-382 pa t30575 l43688 ls960">they </span><span class="pp-class-382 pa t30575 l43689 ls2851">relate. </span><span class="pp-class-382 pa t30575 l43690 ls1759">These </span><span class="pp-class-382 pa t30575 l43691 ls99">policies </span><span class="pp-class-382 pa t30583 l3 ls185">have </span><span class="pp-class-382 pa t30583 l43692 ls1323">been </span><span class="pp-class-382 pa t30583 l43693 ls3623">consistently </span><span class="pp-class-382 pa t30583 l43694 ls1237">applied </span><span class="pp-class-382 pa t30583 l43695 ls1759">to </span><span class="pp-class-382 pa t30583 l43696 ls858">all </span><span class="pp-class-382 pa t30583 l43697 ls103">of </span><span class="pp-class-382 pa t30583 l43698 ls858">the </span><span class="pp-class-382 pa t30583 l43699 ls2142">years </span><span class="pp-class-382 pa t30583 l43700 ls1148">presented, </span><span class="pp-class-382 pa t30583 l43701 ls2486">unless </span><span class="pp-class-382 pa t30583 l43702 ls1077">otherwise </span><span class="pp-class-382 pa t30583 l43703 ls1148">stated. </span><span class="pp-class-382 pa t30583 l43704 ls858">The </span><span class="pp-class-382 pa t30583 l43705 ls1073">financial </span><span class="pp-class-382 pa t30583 l43706 ls2088">statements </span><span class="pp-class-382 pa t30588 l3 ls800">are </span><span class="pp-class-382 pa t30588 l43707 ls3278">for </span><span class="pp-class-382 pa t30588 l30330 ls858">the </span><span class="pp-class-382 pa t30588 l43708 ls2784">Group </span><span class="pp-class-382 pa t30588 l43709 ls819">consisting </span><span class="pp-class-382 pa t30588 l43710 ls103">of </span><span class="pp-class-382 pa t30588 l43711 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30588 l43712 ls1868" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-382 pa t30588 l43713 ls858">and </span><span class="pp-class-382 pa t30588 l43714 ls858">its </span><span class="pp-class-382 pa t30588 l43715 ls830">subsidiaries.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30606 l3 ls858">The </span><span class="pp-class-382 pa t30606 l16631 ls53">accounting </span><span class="pp-class-382 pa t30606 l43716 ls2694">policies </span><span class="pp-class-382 pa t30606 l43717 ls185">have </span><span class="pp-class-382 pa t30606 l17139 ls1323">been </span><span class="pp-class-382 pa t30606 l43718 ls1772">made </span><span class="pp-class-382 pa t30606 l43719 ls2486">within </span><span class="pp-class-382 pa t30606 l43720 ls858">the </span><span class="pp-class-382 pa t30606 l43721 ls2671">framework </span><span class="pp-class-382 pa t30606 l43722 ls103">of </span><span class="pp-class-382 pa t30606 l37299 ls858">the </span><span class="pp-class-382 pa t30606 l43723 ls3435">prevailing </span><span class="pp-class-382 pa t30606 l43724 ls187">IFRS </span><span class="pp-class-382 pa t30606 l43725 ls53">accounting </span><span class="pp-class-382 pa t30606 l43726 ls2127">standards </span><span class="pp-class-382 pa t30606 l43727 ls278">as </span><span class="pp-class-382 pa t30615 l3 ls2970">adopted </span><span class="pp-class-382 pa t30615 l43728 ls2784">by </span><span class="pp-class-382 pa t30615 l43729 ls858">the </span><span class="pp-class-382 pa t30615 l43730 ls1868">EU. </span><span class="pp-class-382 pa t30615 l43731 ls858">The </span><span class="pp-class-382 pa t30615 l43732 ls728">actual </span><span class="pp-class-382 pa t30615 l43733 ls2145">text </span><span class="pp-class-382 pa t30615 l29907 ls103">of </span><span class="pp-class-382 pa t30615 l43734 ls858">the </span><span class="pp-class-382 pa t30615 l43735 ls1083">standard </span><span class="pp-class-382 pa t30615 l43736 ls1080">is </span><span class="pp-class-382 pa t30615 l43737 ls830">not </span><span class="pp-class-382 pa t30615 l43738 ls2145">repeated </span><span class="pp-class-382 pa t30615 l43739 ls1080">in </span><span class="pp-class-382 pa t30615 l43740 ls858">the </span><span class="pp-class-382 pa t30615 l43741 ls53">notes. </span><span class="pp-class-382 pa t30615 l43742 ls1099">The </span><span class="pp-class-382 pa t30615 l43743 ls4275">description </span><span class="pp-class-382 pa t30615 l43744 ls103">of </span><span class="pp-class-382 pa t30615 l43745 ls806">accounting </span><span class="pp-class-382 pa t30622 l3 ls2694">policies </span><span class="pp-class-382 pa t30622 l43746 ls1080">in </span><span class="pp-class-382 pa t30622 l43747 ls858">the </span><span class="pp-class-382 pa t30622 l43748 ls53">notes </span><span class="pp-class-382 pa t30622 l43749 ls2489">forms </span><span class="pp-class-382 pa t30622 l43750 ls658">part </span><span class="pp-class-382 pa t30622 l43751 ls103">of </span><span class="pp-class-382 pa t30622 l43752 ls1099">the </span><span class="pp-class-382 pa t30622 l43753 ls2143">overall </span><span class="pp-class-382 pa t30622 l43754 ls4275">description </span><span class="pp-class-382 pa t30622 l43755 ls103">of </span><span class="pp-class-382 pa t30622 l43756 ls1759">DFDS’ </span><span class="pp-class-382 pa t30622 l43757 ls53">accounting </span><span class="pp-class-382 pa t30622 l43758 ls2694">policies.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30634 l3 ls1759">Basis </span><span class="pp-class-383 pa t30634 l34198 ls1080">of </span><span class="pp-class-383 pa t30634 l43759 ls1271">reporting</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30807 l3 ls858">The </span><span class="pp-class-382 pa t30807 l16631 ls1150">2024 </span><span class="pp-class-382 pa t30807 l41662 ls2088">consolidated </span><span class="pp-class-382 pa t30807 l43760 ls1073">financial </span><span class="pp-class-382 pa t30807 l16205 ls1244">statements </span><span class="pp-class-382 pa t30807 l14851 ls1099">and </span><span class="pp-class-382 pa t30807 l43761 ls7096">Parent </span><span class="pp-class-382 pa t30807 l43762 ls2489">company </span><span class="pp-class-382 pa t30807 l43763 ls1073">financial </span><span class="pp-class-382 pa t30807 l43764 ls1244">statements </span><span class="pp-class-382 pa t30807 l43765 ls103">of </span><span class="pp-class-382 pa t30807 l43766 ls1323">DFDS </span><span class="pp-class-382 pa t30807 l43767 ls1868">A/S </span><span class="pp-class-382 pa t30807 l43768 ls3377">have </span><span class="pp-class-382 pa t30644 l3 ls1323">been </span><span class="pp-class-382 pa t30644 l43769 ls3435">prepared </span><span class="pp-class-382 pa t30644 l43770 ls1080">on </span><span class="pp-class-382 pa t30644 l43771 ls302">a </span><span class="pp-class-382 pa t30644 l43772 ls1759">going </span><span class="pp-class-382 pa t30644 l43773 ls1237">concern </span><span class="pp-class-382 pa t30644 l30992 ls1759">basis </span><span class="pp-class-382 pa t30644 l20316 ls858">and </span><span class="pp-class-382 pa t30644 l43774 ls1080">in </span><span class="pp-class-382 pa t30644 l43775 ls852">accordance </span><span class="pp-class-382 pa t30644 l43776 ls1323">with </span><span class="pp-class-382 pa t30644 l43777 ls1099">the </span><span class="pp-class-382 pa t30644 l43778 ls187">IFRS </span><span class="pp-class-382 pa t30644 l43779 ls688">Accounting </span><span class="pp-class-382 pa t30644 l43780 ls2127">Standards </span><span class="pp-class-382 pa t30644 l43781 ls1080">as </span><span class="pp-class-382 pa t30644 l43782 ls3278">adopted </span><span class="pp-class-382 pa t30649 l3 ls2784">by </span><span class="pp-class-382 pa t30649 l43783 ls858">the </span><span class="pp-class-382 pa t30649 l43784 ls1868">EU, </span><span class="pp-class-382 pa t30649 l43785 ls858">and </span><span class="pp-class-382 pa t30649 l43786 ls1772">additional </span><span class="pp-class-382 pa t30649 l43787 ls2486">Danish </span><span class="pp-class-382 pa t30649 l43788 ls2970">disclosure </span><span class="pp-class-382 pa t30649 l43789 ls2688">requirements </span><span class="pp-class-382 pa t30649 l43790 ls3278">for </span><span class="pp-class-382 pa t30649 l43791 ls1319">listed </span><span class="pp-class-382 pa t30649 l43792 ls819">companies. </span><span class="pp-class-382 pa t30649 l43793 ls1099">The </span><span class="pp-class-382 pa t30649 l43794 ls2088">consolidated </span><span class="pp-class-382 pa t30649 l43795 ls1323">financial </span><span class="pp-class-382 pa t30655 l3 ls1244">statements </span><span class="pp-class-382 pa t30655 l43674 ls800">are </span><span class="pp-class-382 pa t30655 l43796 ls1323">also </span><span class="pp-class-382 pa t30655 l43797 ls1080">in </span><span class="pp-class-382 pa t30655 l43798 ls852">accordance </span><span class="pp-class-382 pa t30655 l43799 ls1323">with </span><span class="pp-class-382 pa t30655 l43800 ls187">IFRS </span><span class="pp-class-382 pa t30655 l7146 ls688">Accounting </span><span class="pp-class-382 pa t30655 l18700 ls2127">Standards </span><span class="pp-class-382 pa t30655 l43801 ls1080">as </span><span class="pp-class-382 pa t30655 l43802 ls2486">issued </span><span class="pp-class-382 pa t30655 l43803 ls2784">by </span><span class="pp-class-382 pa t30655 l43804 ls858">the </span><span class="pp-class-382 pa t30655 l43805 ls803">International </span><span class="pp-class-382 pa t30655 l43806 ls1271">Accounting </span><span class="pp-class-382 pa t387 l3 ls2127">Standards </span><span class="pp-class-382 pa t387 l43807 ls2784">Board </span><span class="pp-class-382 pa t387 l43808 ls1701">(IASB).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30676 l3 ls1080" xmlns="http://www.w3.org/1999/xhtml">On </span><span class="pp-class-382 pa t30676 l43809 ls1080" xmlns="http://www.w3.org/1999/xhtml">21 </span><span class="pp-class-382 pa t30676 l43810 ls1941" xmlns="http://www.w3.org/1999/xhtml">February </span><span class="pp-class-382 pa t30676 l43811 ls2851" xmlns="http://www.w3.org/1999/xhtml">2025, </span><span class="pp-class-382 pa t30676 l43812 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30676 l43813 ls2784" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-382 pa t30676 l43814 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30676 l43815 ls2944" xmlns="http://www.w3.org/1999/xhtml">Directors </span><span class="pp-class-382 pa t30676 l43816 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t30676 l43817 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30676 l43818 ls1463" xmlns="http://www.w3.org/1999/xhtml">Executive </span><span class="pp-class-382 pa t30676 l43819 ls53" xmlns="http://www.w3.org/1999/xhtml">Management </span><span class="pp-class-382 pa t30676 l43820 ls2784" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-382 pa t30676 l43821 ls2970" xmlns="http://www.w3.org/1999/xhtml">considered </span><span class="pp-class-382 pa t30676 l43822 ls1099" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t30676 l43823 ls3435" xmlns="http://www.w3.org/1999/xhtml">approved </span><span class="pp-class-382 pa t30682 l3 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30682 l43824 ls1150" xmlns="http://www.w3.org/1999/xhtml">2024 </span><span class="pp-class-382 pa t30682 l29904 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30682 l34507 ls1080" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-382 pa t30682 l43825 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30682 l43826 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30682 l43827 ls8853" xmlns="http://www.w3.org/1999/xhtml">A/S. </span><span class="pp-class-382 pa t30682 l43828 ls1099" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-382 pa t30682 l6401 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30682 l43829 ls1080" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-382 pa t30682 l43830 ls1323" xmlns="http://www.w3.org/1999/xhtml">will </span><span class="pp-class-382 pa t30682 l43831 ls1080" xmlns="http://www.w3.org/1999/xhtml">be </span><span class="pp-class-382 pa t30682 l43832 ls852" xmlns="http://www.w3.org/1999/xhtml">presented </span><span class="pp-class-382 pa t30682 l43833 ls1759" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-382 pa t30682 l43834 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30682 l43835 ls3105" xmlns="http://www.w3.org/1999/xhtml">shareholders </span><span class="pp-class-382 pa t30682 l43836 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30682 l43837 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30682 l43838 ls1868" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-382 pa t30682 l43839 ls99" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t30687 l3 ls185" xmlns="http://www.w3.org/1999/xhtml">approval </span><span class="pp-class-382 pa t30687 l43840 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t30687 l43841 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30687 l43842 ls2842" xmlns="http://www.w3.org/1999/xhtml">ordinary </span><span class="pp-class-382 pa t30687 l43843 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30687 l43844 ls1150" xmlns="http://www.w3.org/1999/xhtml">General </span><span class="pp-class-382 pa t30687 l40562 ls3474" xmlns="http://www.w3.org/1999/xhtml">Meeting </span><span class="pp-class-382 pa t30687 l43845 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t30687 l43846 ls2760" xmlns="http://www.w3.org/1999/xhtml">24 </span><span class="pp-class-382 pa t30687 l43847 ls2784" xmlns="http://www.w3.org/1999/xhtml">March </span><span class="pp-class-382 pa t30687 l43848 ls3382" xmlns="http://www.w3.org/1999/xhtml">2025.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30689 l3 ls1759">Basis </span><span class="pp-class-383 pa t30689 l34198 ls1077">for </span><span class="pp-class-383 pa t30689 l43849 ls7694">preparation</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30696 l3">The </span><span class="pp-class-382 pa t30696 l16790 ls166">consolidated </span><span class="pp-class-382 pa t30696 l43850">financial </span><span class="pp-class-382 pa t30696 l9537 ls254">statements </span><span class="pp-class-382 pa t30696 l43851">and </span><span class="pp-class-382 pa t30696 l43852">the </span><span class="pp-class-382 pa t30696 l20559 ls214">Parent </span><span class="pp-class-382 pa t30696 l33322 ls90">company </span><span class="pp-class-382 pa t30696 l43853">financial </span><span class="pp-class-382 pa t30696 l43854 ls254">statements </span><span class="pp-class-382 pa t30696 l43855 ls85">are </span><span class="pp-class-382 pa t30696 l43856 ls81">presented </span><span class="pp-class-382 pa t30696 l43857 ls12">in </span><span class="pp-class-382 pa t30703 l3">Danish </span><span class="pp-class-382 pa t30703 l42576 ls134">Kroner </span><span class="pp-class-382 pa t30703 l42507">(DKK) </span><span class="pp-class-382 pa t30703 l31803">which </span><span class="pp-class-382 pa t30703 l43858">is </span><span class="pp-class-382 pa t30703 l43859">the </span><span class="pp-class-382 pa t30703 l43860 ls214">Parent </span><span class="pp-class-382 pa t30703 l43861 ls884">company’s </span><span class="pp-class-382 pa t30703 l43862 ls96">functional </span><span class="pp-class-382 pa t30703 l43863 ls3105">currency. </span><span class="pp-class-382 pa t30703 l43864">The </span><span class="pp-class-382 pa t30703 l18741 ls166">consolidated </span><span class="pp-class-382 pa t30703 l43865 ls12">financial </span><span class="pp-class-382 pa t30707 l3 ls254">statements </span><span class="pp-class-382 pa t30707 l43866">and </span><span class="pp-class-382 pa t30707 l43867">the </span><span class="pp-class-382 pa t30707 l23361 ls214">Parent </span><span class="pp-class-382 pa t30707 l43868 ls90">company </span><span class="pp-class-382 pa t30707 l18033">financial </span><span class="pp-class-382 pa t30707 l43869 ls254">statements </span><span class="pp-class-382 pa t30707 l43870 ls85">are </span><span class="pp-class-382 pa t30707 l43871 ls230">prepared </span><span class="pp-class-382 pa t30707 l43872 ls1326">according </span><span class="pp-class-382 pa t30707 l43873 ls166">to </span><span class="pp-class-382 pa t30707 l43874 ls12">the </span><span class="pp-class-382 pa t30707 l43875 ls907">historical </span><span class="pp-class-382 pa t30707 l43876 ls12">cost </span><span class="pp-class-382 pa t30712 l3 ls1259">convention </span><span class="pp-class-382 pa t30712 l41418 ls187">except </span><span class="pp-class-382 pa t30712 l43877 ls81">that </span><span class="pp-class-382 pa t30712 l29937 ls897">derivatives </span><span class="pp-class-382 pa t30712 l43878">and </span><span class="pp-class-382 pa t30712 l7047">financial </span><span class="pp-class-382 pa t30712 l43879 ls2329">instruments </span><span class="pp-class-382 pa t30712 l43880">classified </span><span class="pp-class-382 pa t30712 l43881">as </span><span class="pp-class-382 pa t30712 l43882 ls166">“Fair </span><span class="pp-class-382 pa t30712 l43883 ls16">value </span><span class="pp-class-382 pa t30712 l43884 ls671">through </span><span class="pp-class-382 pa t30712 l43885 ls225">profit </span><span class="pp-class-382 pa t30712 l43886 ls93">loss” </span><span class="pp-class-382 pa t30720 l3 ls1531">(FVTPL) </span><span class="pp-class-382 pa t30720 l43887 ls85">are </span><span class="pp-class-382 pa t30720 l33351 ls1259">measured </span><span class="pp-class-382 pa t30720 l43888 ls2835">at </span><span class="pp-class-382 pa t30720 l42423 ls1005">fair </span><span class="pp-class-382 pa t30720 l43889 ls274">value.</span></p></div></div><div id="pp-id-5028" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h43890 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls1237">Rounding</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30568 l3 ls1080">In </span><span class="pp-class-382 pa t30568 l43891 ls8853">general, </span><span class="pp-class-382 pa t30568 l31787 ls8853">rounding </span><span class="pp-class-382 pa t30568 l43892 ls2944">may </span><span class="pp-class-382 pa t30568 l10831 ls296">cause </span><span class="pp-class-382 pa t30568 l34232 ls1101">variances </span><span class="pp-class-382 pa t30568 l43893 ls1080">in </span><span class="pp-class-382 pa t30568 l43894 ls1323">sums </span><span class="pp-class-382 pa t30568 l43895 ls1099">and </span><span class="pp-class-382 pa t30568 l43896 ls2787">percentages </span><span class="pp-class-382 pa t30568 l43897 ls1080">in </span><span class="pp-class-382 pa t30568 l43898 ls1099">the </span><span class="pp-class-382 pa t30568 l43899 ls2486">Annual </span><span class="pp-class-382 pa t30568 l43900 ls2835">Report.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30583 l3 ls2889">Application </span><span class="pp-class-383 pa t30583 l43901 ls1080">of </span><span class="pp-class-383 pa t30583 l43902 ls2889">materiality </span><span class="pp-class-383 pa t30583 l17575 ls858">and </span><span class="pp-class-383 pa t30583 l43903 ls2769">relevance</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30588 l3 ls858">The </span><span class="pp-class-382 pa t30588 l16631 ls2088">consolidated </span><span class="pp-class-382 pa t30588 l43904 ls1073">financial </span><span class="pp-class-382 pa t30588 l43905 ls1244">statements </span><span class="pp-class-382 pa t30588 l41609 ls1015">separately </span><span class="pp-class-382 pa t30588 l43906 ls852">present </span><span class="pp-class-382 pa t30588 l43907 ls1118">items </span><span class="pp-class-382 pa t30588 l43908 ls1080">or </span><span class="pp-class-382 pa t30588 l43909 ls1083">groups </span><span class="pp-class-382 pa t30588 l43910 ls103">of </span><span class="pp-class-382 pa t30588 l43911 ls1118">items </span><span class="pp-class-382 pa t30588 l43912 ls6360">that </span><span class="pp-class-382 pa t30588 l43913 ls800">are </span><span class="pp-class-382 pa t30588 l43914 ls2113">considered </span><span class="pp-class-382 pa t30593 l3 ls3105">material. </span><span class="pp-class-382 pa t30593 l43915 ls1080">In </span><span class="pp-class-382 pa t30593 l43916 ls1772">addition, </span><span class="pp-class-382 pa t30593 l43917 ls1148">information </span><span class="pp-class-382 pa t30593 l43918 ls6360">that </span><span class="pp-class-382 pa t30593 l43919 ls1080">is </span><span class="pp-class-382 pa t30593 l41695 ls2970">considered </span><span class="pp-class-382 pa t30593 l43920 ls3105">material, </span><span class="pp-class-382 pa t30593 l29817 ls2486">either </span><span class="pp-class-382 pa t30593 l43921 ls4299">individually </span><span class="pp-class-382 pa t30593 l43922 ls1080">or </span><span class="pp-class-382 pa t30593 l43923 ls1080">in </span><span class="pp-class-382 pa t30593 l43924 ls688">combination </span><span class="pp-class-382 pa t30593 l43925 ls1955">with </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30606 l3 ls296">other </span><span class="pp-class-382 pa t30606 l43926 ls1150">information, </span><span class="pp-class-382 pa t30606 l43927 ls1080">is </span><span class="pp-class-382 pa t30606 l43928 ls1073">disclosed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30622 l3 ls728">Materiality </span><span class="pp-class-382 pa t30622 l43929 ls1080">is </span><span class="pp-class-382 pa t30622 l43930 ls2486">judged </span><span class="pp-class-382 pa t30622 l43931 ls2784">by </span><span class="pp-class-382 pa t30622 l43932 ls715">reference </span><span class="pp-class-382 pa t30622 l43933 ls1759">to </span><span class="pp-class-382 pa t30622 l30626 ls858">the </span><span class="pp-class-382 pa t30622 l43934 ls3474">size </span><span class="pp-class-382 pa t30622 l43935 ls1099">and </span><span class="pp-class-382 pa t30622 l43936 ls3435">nature </span><span class="pp-class-382 pa t30622 l43937 ls103">of </span><span class="pp-class-382 pa t30622 l43938 ls1099">the </span><span class="pp-class-382 pa t30622 l43939 ls1118">item. </span><span class="pp-class-382 pa t30622 l43940 ls858">The </span><span class="pp-class-382 pa t30622 l43941 ls2694">deciding </span><span class="pp-class-382 pa t30622 l43942 ls2760">factor </span><span class="pp-class-382 pa t30622 l43943 ls1080">is </span><span class="pp-class-382 pa t30622 l43944 ls3474">whether </span><span class="pp-class-382 pa t30622 l43945 ls302">the </span><span class="pp-class-382 pa t30628 l3 ls2694">omission </span><span class="pp-class-382 pa t30628 l43946 ls1080">or </span><span class="pp-class-382 pa t30628 l43947 ls5069">misstatement </span><span class="pp-class-382 pa t30628 l43948 ls2486">could, </span><span class="pp-class-382 pa t30628 l42523 ls4299">individually </span><span class="pp-class-382 pa t30628 l43949 ls1080">or </span><span class="pp-class-382 pa t30628 l43950 ls3310">collectively, </span><span class="pp-class-382 pa t30628 l43951 ls1859">influence </span><span class="pp-class-382 pa t30628 l43952 ls1099">the </span><span class="pp-class-382 pa t30628 l43953 ls2694">economic </span><span class="pp-class-382 pa t30628 l43954 ls1073">decisions </span><span class="pp-class-382 pa t30628 l43955 ls1772">made </span><span class="pp-class-382 pa t30628 l43956 ls2784">by </span><span class="pp-class-382 pa t30628 l43957 ls302">the </span><span class="pp-class-382 pa t30634 l3 ls3572">primary </span><span class="pp-class-382 pa t30634 l43958 ls1759">users </span><span class="pp-class-382 pa t30634 l43959 ls1080">on </span><span class="pp-class-382 pa t30634 l43960 ls858">the </span><span class="pp-class-382 pa t30634 l43961 ls1759">basis </span><span class="pp-class-382 pa t30634 l12464 ls103">of </span><span class="pp-class-382 pa t30634 l43962 ls858">the </span><span class="pp-class-382 pa t30634 l43963 ls2088">consolidated </span><span class="pp-class-382 pa t30634 l43964 ls1073">financial </span><span class="pp-class-382 pa t30634 l43965 ls2854">statements. </span><span class="pp-class-382 pa t30634 l43966 ls1080">In </span><span class="pp-class-382 pa t30634 l43967 ls1126">particular </span><span class="pp-class-382 pa t30634 l43968 ls6360">circumstances, </span><span class="pp-class-382 pa t30634 l43969 ls2486">either </span><span class="pp-class-382 pa t30634 l43970 ls302">the </span><span class="pp-class-382 pa t30807 l3 ls3435">nature </span><span class="pp-class-382 pa t30807 l43971 ls1080">or </span><span class="pp-class-382 pa t30807 l43972 ls1099">the </span><span class="pp-class-382 pa t30807 l43973 ls1073">amount </span><span class="pp-class-382 pa t30807 l17440 ls103">of </span><span class="pp-class-382 pa t30807 l43974 ls1080">an </span><span class="pp-class-382 pa t30807 l43975 ls1073">item </span><span class="pp-class-382 pa t30807 l43976 ls1080">or </span><span class="pp-class-382 pa t30807 l43977 ls1080">an </span><span class="pp-class-382 pa t30807 l43978 ls3458">aggregate </span><span class="pp-class-382 pa t30807 l43979 ls103">of </span><span class="pp-class-382 pa t30807 l43980 ls1118">items </span><span class="pp-class-382 pa t30807 l43981 ls1759">could </span><span class="pp-class-382 pa t30807 l43982 ls1080">be </span><span class="pp-class-382 pa t30807 l43983 ls1099">the </span><span class="pp-class-382 pa t30807 l43984 ls2489">determining </span><span class="pp-class-382 pa t30807 l43985 ls731">factor.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30649 l3 ls7752">Alternative </span><span class="pp-class-383 pa t30649 l43916 ls296">performance </span><span class="pp-class-383 pa t30649 l43986 ls1859">measures</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30655 l3 ls1080">In </span><span class="pp-class-382 pa t30655 l43891 ls858">the </span><span class="pp-class-382 pa t30655 l43987 ls2486">Annual </span><span class="pp-class-382 pa t30655 l3906 ls1080">Report </span><span class="pp-class-382 pa t30655 l43988 ls1323">DFDS </span><span class="pp-class-382 pa t30655 l43989 ls2127">presents </span><span class="pp-class-382 pa t30655 l43990 ls99">certain </span><span class="pp-class-382 pa t30655 l43991 ls1073">financial </span><span class="pp-class-382 pa t30655 l43992 ls1321">performance </span><span class="pp-class-382 pa t30655 l43993 ls8853">measures </span><span class="pp-class-382 pa t30655 l43994 ls1323">such </span><span class="pp-class-382 pa t30655 l43995 ls1080">as </span><span class="pp-class-382 pa t30655 l43996 ls6360">subtotals </span><span class="pp-class-382 pa t30655 l43997 ls858">and </span><span class="pp-class-382 pa t30655 l43998 ls3458">key </span><span class="pp-class-382 pa t387 l3 ls1150">figures </span><span class="pp-class-382 pa t387 l9503 ls1759">which </span><span class="pp-class-382 pa t387 l43999 ls800">are </span><span class="pp-class-382 pa t387 l44000 ls830">not </span><span class="pp-class-382 pa t387 l19973 ls3435">required </span><span class="pp-class-382 pa t387 l44001 ls1080">or </span><span class="pp-class-382 pa t387 l44002 ls1305">defined </span><span class="pp-class-382 pa t387 l44003 ls1759">under </span><span class="pp-class-382 pa t387 l164 ls1941">IFRS. </span><span class="pp-class-382 pa t387 l44004 ls1080">It </span><span class="pp-class-382 pa t387 l44005 ls1080">is </span><span class="pp-class-382 pa t387 l31685 ls2970">considered </span><span class="pp-class-382 pa t387 l44006 ls6360">that </span><span class="pp-class-382 pa t387 l44007 ls1759">these </span><span class="pp-class-382 pa t387 l44008 ls2688">alternative </span><span class="pp-class-382 pa t387 l44009 ls8853">measures </span><span class="pp-class-382 pa t387 l44010 ls4305">provide </span><span class="pp-class-382 pa t30670 l3 ls2132">relevant </span><span class="pp-class-382 pa t30670 l44011 ls1073">supplementary </span><span class="pp-class-382 pa t30670 l44012 ls1148">information </span><span class="pp-class-382 pa t30670 l44013 ls3278">for </span><span class="pp-class-382 pa t30670 l44014 ls858">the </span><span class="pp-class-382 pa t30670 l75 ls3105">stakeholders </span><span class="pp-class-382 pa t30670 l44015 ls103">of </span><span class="pp-class-382 pa t30670 l44016 ls1323">DFDS.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30682 l3 ls1772">For </span><span class="pp-class-382 pa t30682 l44017 ls830">definitions </span><span class="pp-class-382 pa t30682 l44018 ls103">of </span><span class="pp-class-382 pa t30682 l44019 ls1057">key </span><span class="pp-class-382 pa t30682 l44020 ls1150">figures </span><span class="pp-class-382 pa t30682 l44021 ls2486">please </span><span class="pp-class-382 pa t30682 l44022 ls3435">refer </span><span class="pp-class-382 pa t30682 l44023 ls1759">to </span><span class="pp-class-382 pa t30682 l44024 ls1099">the </span><span class="pp-class-382 pa t30682 l44025 ls1271">sections </span><span class="pp-class-382 pa t30682 l44026 ls819">‘Financial </span><span class="pp-class-382 pa t30682 l44027 ls1118">definitions’ </span><span class="pp-class-382 pa t30682 l44028 ls858">and </span><span class="pp-class-382 pa t30682 l44029 ls1323">’ESG </span><span class="pp-class-382 pa t30682 l44030 ls7611">definitions’.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30828 l3 ls8853">Climate </span><span class="pp-class-383 pa t30828 l44031 ls7094">related </span><span class="pp-class-383 pa t30828 l37200 ls858">risk</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30689 l3 ls1323">When </span><span class="pp-class-382 pa t30689 l24022 ls960">preparing </span><span class="pp-class-382 pa t30689 l44032 ls858">the </span><span class="pp-class-382 pa t30689 l17719 ls2088">consolidated </span><span class="pp-class-382 pa t30689 l44033 ls1073">financial </span><span class="pp-class-382 pa t30689 l44034 ls2854">statements, </span><span class="pp-class-382 pa t30689 l44035 ls53">management </span><span class="pp-class-382 pa t30689 l44036 ls1073">considers </span><span class="pp-class-382 pa t30689 l44037 ls1150">climate-related </span><span class="pp-class-382 pa t30689 l44038 ls2142">risks, </span><span class="pp-class-382 pa t30689 l44039 ls728">where </span><span class="pp-class-382 pa t30696 l3 ls1759">these </span><span class="pp-class-382 pa t30696 l44040 ls1759">could </span><span class="pp-class-382 pa t30696 l44041 ls2760">potentially </span><span class="pp-class-382 pa t30696 l37850 ls728">impact </span><span class="pp-class-382 pa t30696 l44042 ls2088">reported </span><span class="pp-class-382 pa t30696 l44043 ls1118">amounts </span><span class="pp-class-382 pa t30696 l44044 ls13205">materially. </span><span class="pp-class-382 pa t30696 l44045 ls1099">The </span><span class="pp-class-382 pa t30696 l44046 ls2784">areas </span><span class="pp-class-382 pa t30696 l44047 ls1080">in </span><span class="pp-class-382 pa t30696 l44048 ls1759">which </span><span class="pp-class-382 pa t30696 l44049 ls1150">climate-related </span><span class="pp-class-382 pa t30696 l44050 ls2970">risks </span><span class="pp-class-382 pa t30696 l42895 ls3377">have </span><span class="pp-class-382 pa t30703 l3 ls1323">been </span><span class="pp-class-382 pa t30703 l43769 ls2694">assessed </span><span class="pp-class-382 pa t30703 l18000 ls1083">at </span><span class="pp-class-382 pa t30703 l44051 ls1099">the </span><span class="pp-class-382 pa t30703 l44052 ls858">end </span><span class="pp-class-382 pa t30703 l44053 ls103">of </span><span class="pp-class-382 pa t30703 l44054 ls1150">2024 </span><span class="pp-class-382 pa t30703 l26175 ls800">are </span><span class="pp-class-382 pa t30703 l44055 ls238">included </span><span class="pp-class-382 pa t30703 l12364 ls2486">within </span><span class="pp-class-382 pa t30703 l44056 ls858">the </span><span class="pp-class-382 pa t30703 l44057 ls819">individual </span><span class="pp-class-382 pa t30703 l44058 ls53">notes </span><span class="pp-class-382 pa t30703 l44059 ls2694">outlined </span><span class="pp-class-382 pa t30703 l44060 ls1271">below: </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30707 l3 ls1859">Note </span><span class="pp-class-382 pa t30707 l44061 ls7094">3.1.2 </span><span class="pp-class-382 pa t30707 l44062 ls1101">Non-current </span><span class="pp-class-382 pa t30707 l44063 ls296">tangible </span><span class="pp-class-382 pa t30707 l19401 ls296">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30712 l3 ls1859">Note </span><span class="pp-class-382 pa t30712 l44061 ls3024">3.1.3 </span><span class="pp-class-382 pa t30712 l44062 ls1316">Right-of-use </span><span class="pp-class-382 pa t30712 l44064 ls238">assets </span><span class="pp-class-382 pa t30712 l44065 ls858">and </span><span class="pp-class-382 pa t30712 l44066 ls1759">lease </span><span class="pp-class-382 pa t30712 l44067 ls1759">liabilities </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30720 l3 ls1859">Note </span><span class="pp-class-382 pa t30720 l44061 ls14041">3.1.4 </span><span class="pp-class-382 pa t30720 l44062 ls806">Impairment </span><span class="pp-class-382 pa t30720 l13396 ls1319">testing</span></p></div></div><div class="pp-class-10" id="pp-id-5033" xmlns="http://www.w3.org/1999/xhtml"><div class="w42856 h43637 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.1 </span><span class="pp-class-370 pa t21055 l43638">Principal </span><span class="pp-class-370 pa t21055 l43648 ls128">accounting </span><span class="pp-class-370 pa t21055 l43649">policies </span><span class="pp-class-371 pa t21055 l44069"/><span class="pp-class-371 pa t21055 l44070 ls155">(continued)</span></p></div></div><div id="pp-id-5034" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-384 pa t44071 l3 ls287">Description </span><span class="pp-class-384 pa t44071 l2715">of </span><span class="pp-class-384 pa t44071 l44072 ls258">accounting </span><span class="pp-class-384 pa t44071 l44073">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t44074 l3 ls1759">Basis </span><span class="pp-class-383 pa t44074 l34198 ls1080">of </span><span class="pp-class-383 pa t44074 l43759 ls803">consolidation</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44075 l3 ls858">The </span><span class="pp-class-382 pa t44075 l16631 ls2088">consolidated </span><span class="pp-class-382 pa t44075 l43904 ls1073">financial </span><span class="pp-class-382 pa t44075 l43905 ls1244">statements </span><span class="pp-class-382 pa t44075 l41609 ls238">includes </span><span class="pp-class-382 pa t44075 l44076 ls1099">the </span><span class="pp-class-382 pa t44075 l44077 ls7096">Parent </span><span class="pp-class-382 pa t44075 l44078 ls2489">company </span><span class="pp-class-382 pa t44075 l44079 ls1323">DFDS </span><span class="pp-class-382 pa t44075 l44080 ls1868">A/S </span><span class="pp-class-382 pa t44075 l44081 ls1099">and </span><span class="pp-class-382 pa t44075 l44082 ls858">the </span><span class="pp-class-382 pa t44075 l44083 ls830">subsidiaries </span><span class="pp-class-382 pa t44075 l44084 ls1080">in </span><span class="pp-class-382 pa t44075 l44085 ls1080">which </span><span class="pp-class-382 pa t44086 l3 ls858">the </span><span class="pp-class-382 pa t44086 l43824 ls7096">Parent </span><span class="pp-class-382 pa t44086 l42469 ls2489">company </span><span class="pp-class-382 pa t44086 l44087 ls2127">controls </span><span class="pp-class-382 pa t44086 l44088 ls858">the </span><span class="pp-class-382 pa t44086 l22505 ls1073">financial </span><span class="pp-class-382 pa t44086 l15595 ls1099">and </span><span class="pp-class-382 pa t44086 l44089 ls2944">operational </span><span class="pp-class-382 pa t44086 l44090 ls1073">policies. </span><span class="pp-class-382 pa t44086 l44091 ls852">Control </span><span class="pp-class-382 pa t44086 l44092 ls1080">is </span><span class="pp-class-382 pa t44086 l44093 ls3278">obtained </span><span class="pp-class-382 pa t44086 l44094 ls1323">when </span><span class="pp-class-382 pa t44086 l44095 ls858">the </span><span class="pp-class-382 pa t44086 l43795 ls728">Group </span><span class="pp-class-382 pa t44096 l3 ls2143">directly </span><span class="pp-class-382 pa t44096 l22875 ls1080">or </span><span class="pp-class-382 pa t44096 l44097 ls2671">indirectly </span><span class="pp-class-382 pa t44096 l44098 ls1759">holds </span><span class="pp-class-382 pa t44096 l44099 ls1243">more </span><span class="pp-class-382 pa t44096 l44100 ls1323">than </span><span class="pp-class-382 pa t44096 l44101 ls858">50% </span><span class="pp-class-382 pa t44096 l44102 ls103">of </span><span class="pp-class-382 pa t44096 l16529 ls858">the </span><span class="pp-class-382 pa t44096 l44103 ls1148">voting </span><span class="pp-class-382 pa t44096 l44104 ls1073">rights </span><span class="pp-class-382 pa t44096 l44105 ls1080">in </span><span class="pp-class-382 pa t44096 l44106 ls1099">the </span><span class="pp-class-382 pa t44096 l44107 ls1701">enterprise </span><span class="pp-class-382 pa t44096 l44108 ls138">(i.e. </span><span class="pp-class-382 pa t44096 l44109 ls869">subsidiary) </span><span class="pp-class-382 pa t44096 l44110 ls1080">or </span><span class="pp-class-382 pa t44096 l44111 ls1080">if </span><span class="pp-class-382 pa t44096 l44112 ls230">it, </span><span class="pp-class-382 pa t44096 l44113 ls1080">in </span><span class="pp-class-382 pa t44096 l44114 ls1955">some </span><span class="pp-class-382 pa t44115 l3 ls296">other </span><span class="pp-class-382 pa t44115 l43926 ls44116">way, </span><span class="pp-class-382 pa t44115 l44117 ls2127">controls </span><span class="pp-class-382 pa t44115 l44118 ls1099">the </span><span class="pp-class-382 pa t44115 l44119 ls688">enterprise. </span><span class="pp-class-382 pa t44115 l44120 ls10900">Further, </span><span class="pp-class-382 pa t44115 l44121 ls852">control </span><span class="pp-class-382 pa t44115 l44122 ls1323">also </span><span class="pp-class-382 pa t44115 l44123 ls1237">implies </span><span class="pp-class-382 pa t44115 l44124 ls6360">that </span><span class="pp-class-382 pa t44115 l44125 ls858">the </span><span class="pp-class-382 pa t44115 l44126 ls2784">Group </span><span class="pp-class-382 pa t44115 l44127 ls1080">is </span><span class="pp-class-382 pa t44115 l44128 ls8853">exposed, </span><span class="pp-class-382 pa t44115 l44129 ls1080">or </span><span class="pp-class-382 pa t44115 l44130 ls858">has </span><span class="pp-class-382 pa t44115 l44131 ls1118">rights, </span><span class="pp-class-382 pa t44115 l44132 ls302">to </span><span class="pp-class-382 pa t44133 l3 ls2088">variable </span><span class="pp-class-382 pa t44133 l44134 ls2787">returns </span><span class="pp-class-382 pa t44133 l44135 ls1243">from </span><span class="pp-class-382 pa t44133 l44136 ls858">its </span><span class="pp-class-382 pa t44133 l44137 ls4652">involvement </span><span class="pp-class-382 pa t44133 l44138 ls1323">with </span><span class="pp-class-382 pa t44133 l44139 ls1099">the </span><span class="pp-class-382 pa t44133 l16251 ls2784">investee </span><span class="pp-class-382 pa t44133 l44140 ls1099">and </span><span class="pp-class-382 pa t44133 l44141 ls1099">has </span><span class="pp-class-382 pa t44133 l44142 ls858">the </span><span class="pp-class-382 pa t44133 l44143 ls1237">ability </span><span class="pp-class-382 pa t44133 l44144 ls1759">to </span><span class="pp-class-382 pa t44133 l44145 ls852">affect </span><span class="pp-class-382 pa t44133 l44146 ls1759">those </span><span class="pp-class-382 pa t44133 l44147 ls2787">returns </span><span class="pp-class-382 pa t44133 l44148 ls1150">through </span><span class="pp-class-382 pa t44133 l44149 ls302">its </span><span class="pp-class-382 pa t44150 l3 ls646">power </span><span class="pp-class-382 pa t44150 l3321 ls2671">over </span><span class="pp-class-382 pa t44150 l41630 ls858">the </span><span class="pp-class-382 pa t44150 l44151 ls2760">investee. </span><span class="pp-class-382 pa t44150 l44152 ls858">The </span><span class="pp-class-382 pa t44150 l44153 ls7096">Parent </span><span class="pp-class-382 pa t44150 l44154 ls2489">company </span><span class="pp-class-382 pa t44150 l44155 ls858">and </span><span class="pp-class-382 pa t44150 l44156 ls1099">its </span><span class="pp-class-382 pa t44150 l44157 ls830">subsidiaries </span><span class="pp-class-382 pa t44150 l29886 ls800">are </span><span class="pp-class-382 pa t44150 l44158 ls2955">referred </span><span class="pp-class-382 pa t44150 l44159 ls1759">to </span><span class="pp-class-382 pa t44150 l44160 ls1080">as </span><span class="pp-class-382 pa t44150 l44161 ls1099">the </span><span class="pp-class-382 pa t44150 l44162 ls7094">Group.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44163 l3 ls858">The </span><span class="pp-class-382 pa t44163 l16631 ls2088">consolidated </span><span class="pp-class-382 pa t44163 l43904 ls1073">financial </span><span class="pp-class-382 pa t44163 l43905 ls1244">statements </span><span class="pp-class-382 pa t44163 l41609 ls800">are </span><span class="pp-class-382 pa t44163 l44164 ls1759">based </span><span class="pp-class-382 pa t44163 l44165 ls1080">on </span><span class="pp-class-382 pa t44163 l44166 ls858">the </span><span class="pp-class-382 pa t44163 l44167 ls7096">Parent </span><span class="pp-class-382 pa t44163 l44168 ls2489">company </span><span class="pp-class-382 pa t44163 l44169 ls858">and </span><span class="pp-class-382 pa t44163 l44170 ls1099">the </span><span class="pp-class-382 pa t44163 l44171 ls830">subsidiaries </span><span class="pp-class-382 pa t44163 l44172 ls858">and </span><span class="pp-class-382 pa t44163 l44173 ls2970">are </span><span class="pp-class-382 pa t44174 l3 ls3435">prepared </span><span class="pp-class-382 pa t44174 l5142 ls2784">by </span><span class="pp-class-382 pa t44174 l30802 ls1073">combining </span><span class="pp-class-382 pa t44174 l44175 ls1118">items </span><span class="pp-class-382 pa t44174 l44176 ls103">of </span><span class="pp-class-382 pa t44174 l44177 ls302">a </span><span class="pp-class-382 pa t44174 l44033 ls2489">uniform </span><span class="pp-class-382 pa t44174 l31806 ls3435">nature </span><span class="pp-class-382 pa t44174 l44178 ls1099">and </span><span class="pp-class-382 pa t44174 l44179 ls688">eliminating </span><span class="pp-class-382 pa t44174 l44180 ls2784">intercompany </span><span class="pp-class-382 pa t44174 l44181 ls852">transactions, </span><span class="pp-class-382 pa t44174 l44182 ls1859">shareholdings, </span><span class="pp-class-382 pa t44183 l3 ls1073">balances, </span><span class="pp-class-382 pa t44183 l44184 ls1099">and </span><span class="pp-class-382 pa t44183 l18552 ls2784">intercompany </span><span class="pp-class-382 pa t44183 l44185 ls1759">gains </span><span class="pp-class-382 pa t44183 l44186 ls858">and </span><span class="pp-class-382 pa t44183 l44187 ls1237">losses. </span><span class="pp-class-382 pa t44183 l44188 ls858">The </span><span class="pp-class-382 pa t44183 l40591 ls2088">consolidated </span><span class="pp-class-382 pa t44183 l44189 ls1073">financial </span><span class="pp-class-382 pa t44183 l44190 ls1244">statements </span><span class="pp-class-382 pa t44183 l44191 ls800">are </span><span class="pp-class-382 pa t44183 l44192 ls3435">prepared </span><span class="pp-class-382 pa t44183 l44193 ls1319">by </span><span class="pp-class-382 pa t44194 l3 ls2944">applying </span><span class="pp-class-382 pa t44194 l44195 ls858">the </span><span class="pp-class-382 pa t44194 l44196 ls1015">Group’s </span><span class="pp-class-382 pa t44194 l44197 ls53">accounting </span><span class="pp-class-382 pa t44194 l44198 ls2694">policies.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44199 l3 ls1244" xmlns="http://www.w3.org/1999/xhtml">Investments </span><span class="pp-class-382 pa t44199 l44200 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44199 l4565 ls830" xmlns="http://www.w3.org/1999/xhtml">subsidiaries </span><span class="pp-class-382 pa t44199 l34241 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44199 l44201 ls803" xmlns="http://www.w3.org/1999/xhtml">eliminated </span><span class="pp-class-382 pa t44199 l44202 ls1772" xmlns="http://www.w3.org/1999/xhtml">against </span><span class="pp-class-382 pa t44199 l44203 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44199 l44204 ls8853" xmlns="http://www.w3.org/1999/xhtml">proportionate </span><span class="pp-class-382 pa t44199 l44205 ls2784" xmlns="http://www.w3.org/1999/xhtml">share </span><span class="pp-class-382 pa t44199 l44206 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t44199 l44207 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44199 l44208 ls1118" xmlns="http://www.w3.org/1999/xhtml">subsidiaries’ </span><span class="pp-class-382 pa t44199 l44209 ls830" xmlns="http://www.w3.org/1999/xhtml">net </span><span class="pp-class-382 pa t44199 l44210 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t44199 l44211 ls5039" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t44212 l3 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t44212 l44213 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44212 l44214 ls1772" xmlns="http://www.w3.org/1999/xhtml">acquisition </span><span class="pp-class-382 pa t44212 l16343 ls1244" xmlns="http://www.w3.org/1999/xhtml">date. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44215 l3 ls858" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-382 pa t44215 l16631 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44215 l44216 ls1244" xmlns="http://www.w3.org/1999/xhtml">investments </span><span class="pp-class-382 pa t44215 l44217 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44215 l44218 ls803" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-382 pa t44215 l44219 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44215 l44220 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44215 l44221 ls11245" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-382 pa t44215 l44222 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44215 l44223 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t44215 l44224 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44215 l44225 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44215 l44226 ls2088" xmlns="http://www.w3.org/1999/xhtml">consolidated </span><span class="pp-class-382 pa t44215 l44227 ls1323" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t44228 l3 ls1244" xmlns="http://www.w3.org/1999/xhtml">statements </span><span class="pp-class-382 pa t44228 l43674 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t44228 l44229 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44228 l8977 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44228 l44230 ls8853" xmlns="http://www.w3.org/1999/xhtml">proportionate </span><span class="pp-class-382 pa t44228 l44231 ls2784" xmlns="http://www.w3.org/1999/xhtml">share </span><span class="pp-class-382 pa t44228 l31114 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t44228 l44232 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44228 l44233 ls11245" xmlns="http://www.w3.org/1999/xhtml">associate’s </span><span class="pp-class-382 pa t44228 l44234 ls302" xmlns="http://www.w3.org/1999/xhtml">/ </span><span class="pp-class-382 pa t44228 l44235 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44228 l44236 ls3123" xmlns="http://www.w3.org/1999/xhtml">venture’s </span><span class="pp-class-382 pa t44228 l44237 ls830" xmlns="http://www.w3.org/1999/xhtml">net </span><span class="pp-class-382 pa t44228 l44238 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t44228 l44239 ls2760" xmlns="http://www.w3.org/1999/xhtml">value. </span><span class="pp-class-382 pa t44228 l44240 ls2113" xmlns="http://www.w3.org/1999/xhtml">Unrealised </span><span class="pp-class-382 pa t44241 l3 ls2784" xmlns="http://www.w3.org/1999/xhtml">intercompany </span><span class="pp-class-382 pa t44241 l44242 ls1759" xmlns="http://www.w3.org/1999/xhtml">gains </span><span class="pp-class-382 pa t44241 l44243 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44241 l6151 ls2486" xmlns="http://www.w3.org/1999/xhtml">losses </span><span class="pp-class-382 pa t44241 l44244 ls1243" xmlns="http://www.w3.org/1999/xhtml">from </span><span class="pp-class-382 pa t44241 l44245 ls3623" xmlns="http://www.w3.org/1999/xhtml">transactions </span><span class="pp-class-382 pa t44241 l44246 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t44241 l44247 ls803" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-382 pa t44241 l44248 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44241 l44249 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44241 l44250 ls11245" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-382 pa t44241 l44251 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44241 l44252 ls803" xmlns="http://www.w3.org/1999/xhtml">eliminated </span><span class="pp-class-382 pa t44241 l44253 ls2784" xmlns="http://www.w3.org/1999/xhtml">by </span><span class="pp-class-382 pa t44241 l44254 ls302" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44255 l3 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44255 l44256 ls2784" xmlns="http://www.w3.org/1999/xhtml">interest </span><span class="pp-class-382 pa t44255 l44257 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44255 l44258 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44255 l20010 ls2531" xmlns="http://www.w3.org/1999/xhtml">respective </span><span class="pp-class-382 pa t44255 l34023 ls2944" xmlns="http://www.w3.org/1999/xhtml">associate/jointly </span><span class="pp-class-382 pa t44255 l44259 ls2854" xmlns="http://www.w3.org/1999/xhtml">controlled </span><span class="pp-class-382 pa t44255 l44260 ls688" xmlns="http://www.w3.org/1999/xhtml">enterprise.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t44261 l3 ls4275">Non-controlling </span><span class="pp-class-383 pa t44261 l29876 ls5039">interests</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44262 l3 ls1080">In </span><span class="pp-class-382 pa t44262 l43891 ls858">the </span><span class="pp-class-382 pa t44262 l43987 ls2088">consolidated </span><span class="pp-class-382 pa t44262 l28452 ls1073">financial </span><span class="pp-class-382 pa t44262 l34285 ls2854">statements, </span><span class="pp-class-382 pa t44262 l44263 ls858">the </span><span class="pp-class-382 pa t44262 l44264 ls819">individual </span><span class="pp-class-382 pa t44262 l44265 ls1073">financial </span><span class="pp-class-382 pa t44262 l44266 ls1323">line </span><span class="pp-class-382 pa t44262 l44267 ls1118">items </span><span class="pp-class-382 pa t44262 l44268 ls103">of </span><span class="pp-class-382 pa t44262 l44269 ls830">subsidiaries </span><span class="pp-class-382 pa t44262 l44270 ls800">are </span><span class="pp-class-382 pa t44262 l44271 ls2970">recognised </span><span class="pp-class-382 pa t44262 l44272 ls278">in </span><span class="pp-class-382 pa t44273 l3 ls1759">full. </span><span class="pp-class-382 pa t44273 l44274 ls858">The </span><span class="pp-class-382 pa t44273 l44275 ls2113">non-controlling </span><span class="pp-class-382 pa t44273 l44276 ls1150">interests’ </span><span class="pp-class-382 pa t44273 l44277 ls2784">share </span><span class="pp-class-382 pa t44273 l44278 ls103">of </span><span class="pp-class-382 pa t44273 l44279 ls858">the </span><span class="pp-class-382 pa t44273 l36462 ls2688">results </span><span class="pp-class-382 pa t44273 l44280 ls3278">for </span><span class="pp-class-382 pa t44273 l44281 ls1099">the </span><span class="pp-class-382 pa t44273 l44282 ls960">year </span><span class="pp-class-382 pa t44273 l44283 ls858">and </span><span class="pp-class-382 pa t44273 l44284 ls103">of </span><span class="pp-class-382 pa t44273 l44285 ls858">the </span><span class="pp-class-382 pa t44273 l44286 ls2486">equity </span><span class="pp-class-382 pa t44273 l44287 ls103">of </span><span class="pp-class-382 pa t44273 l44288 ls830">subsidiaries </span><span class="pp-class-382 pa t44273 l44289 ls1759">which </span><span class="pp-class-382 pa t44273 l44290 ls2970">are </span><span class="pp-class-382 pa t44291 l3 ls830">not </span><span class="pp-class-382 pa t44291 l1142 ls2149">wholly </span><span class="pp-class-382 pa t44291 l44292 ls2142">owned </span><span class="pp-class-382 pa t44291 l44293 ls800">are </span><span class="pp-class-382 pa t44291 l44294 ls238">included </span><span class="pp-class-382 pa t44291 l44295 ls1080">in </span><span class="pp-class-382 pa t44291 l44296 ls858">the </span><span class="pp-class-382 pa t44291 l44297 ls1015">Group’s </span><span class="pp-class-382 pa t44291 l44298 ls2688">results </span><span class="pp-class-382 pa t44291 l44299 ls858">and </span><span class="pp-class-382 pa t44291 l44300 ls1057">equity, </span><span class="pp-class-382 pa t44291 l44301 ls3539">respectively, </span><span class="pp-class-382 pa t44291 l44302 ls1099">but </span><span class="pp-class-382 pa t44291 l44303 ls800">are </span><span class="pp-class-382 pa t44291 l44304 ls852">presented </span><span class="pp-class-382 pa t44291 l44305 ls1015">separately </span><span class="pp-class-382 pa t44291 l44306 ls278">in </span><span class="pp-class-382 pa t44307 l3 ls858">the </span><span class="pp-class-382 pa t44307 l43824 ls8853">proposed </span><span class="pp-class-382 pa t44307 l44308 ls1974">profit </span><span class="pp-class-382 pa t44307 l33863 ls852">appropriation </span><span class="pp-class-382 pa t44307 l44309 ls858">and </span><span class="pp-class-382 pa t44307 l44310 ls858">the </span><span class="pp-class-382 pa t44307 l44311 ls1150">statement </span><span class="pp-class-382 pa t44307 l44312 ls103">of </span><span class="pp-class-382 pa t44307 l39081 ls2486">change </span><span class="pp-class-382 pa t44307 l44313 ls1080">in </span><span class="pp-class-382 pa t44307 l44314 ls2147">equity.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t44315 l3 ls1057">Translation </span><span class="pp-class-383 pa t44315 l44316 ls1080">of </span><span class="pp-class-383 pa t44315 l44317 ls3477">foreign </span><span class="pp-class-383 pa t44315 l44318 ls53">currencies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44319 l3 ls1271">Functional </span><span class="pp-class-382 pa t44319 l44320 ls858">and </span><span class="pp-class-382 pa t44319 l44321 ls1194">presentation </span><span class="pp-class-382 pa t44319 l44322 ls2145">currency</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44323 l3 ls1118">Items </span><span class="pp-class-382 pa t44323 l44324 ls238">included </span><span class="pp-class-382 pa t44323 l44325 ls1080">in </span><span class="pp-class-382 pa t44323 l44326 ls1099">the </span><span class="pp-class-382 pa t44323 l44327 ls1073">financial </span><span class="pp-class-382 pa t44323 l44328 ls1244">statements </span><span class="pp-class-382 pa t44323 l44329 ls103">of </span><span class="pp-class-382 pa t44323 l44330 ls1772">each </span><span class="pp-class-382 pa t44323 l44331 ls103">of </span><span class="pp-class-382 pa t44323 l44332 ls1099">the </span><span class="pp-class-382 pa t44323 l44333 ls1015">Group’s </span><span class="pp-class-382 pa t44323 l44334 ls1701">enterprises </span><span class="pp-class-382 pa t44323 l44335 ls800">are </span><span class="pp-class-382 pa t44323 l44336 ls8853">measured </span><span class="pp-class-382 pa t44323 l44337 ls1759">using </span><span class="pp-class-382 pa t44323 l44338 ls302">the </span><span class="pp-class-382 pa t44339 l3 ls1271">functional </span><span class="pp-class-382 pa t44339 l18495 ls3377">currency </span><span class="pp-class-382 pa t44339 l44340 ls103">of </span><span class="pp-class-382 pa t44339 l44341 ls858">the </span><span class="pp-class-382 pa t44339 l44342 ls3572">primary </span><span class="pp-class-382 pa t44339 l44343 ls2694">economic </span><span class="pp-class-382 pa t44339 l44344 ls1974">environment </span><span class="pp-class-382 pa t44339 l44345 ls1080">in </span><span class="pp-class-382 pa t44339 l44346 ls1759">which </span><span class="pp-class-382 pa t44339 l44347 ls858">the </span><span class="pp-class-382 pa t44339 l44348 ls1701">enterprise </span><span class="pp-class-382 pa t44339 l44349 ls3377">operates. </span><span class="pp-class-382 pa t44339 l44350 ls1099">The </span><span class="pp-class-382 pa t44339 l44351 ls2489">consolidated </span><span class="pp-class-382 pa t44352 l3 ls1073">financial </span><span class="pp-class-382 pa t44352 l4513 ls1244">statements </span><span class="pp-class-382 pa t44352 l44353 ls800">are </span><span class="pp-class-382 pa t44352 l44354 ls852">presented </span><span class="pp-class-382 pa t44352 l44355 ls1080">in </span><span class="pp-class-382 pa t44352 l44356 ls2486">Danish </span><span class="pp-class-382 pa t44352 l44357 ls1083">Kroner </span><span class="pp-class-382 pa t44352 l44358 ls1759">(DKK).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44359 l3 ls12399">Translation </span><span class="pp-class-382 pa t44359 l44360 ls103">of </span><span class="pp-class-382 pa t44359 l44361 ls3623">transactions </span><span class="pp-class-382 pa t44359 l44362 ls858">and </span><span class="pp-class-382 pa t44359 l44363 ls1237">balances</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44364 l3 ls1080">On </span><span class="pp-class-382 pa t44364 l43809 ls1237">initial </span><span class="pp-class-382 pa t44364 l44365 ls3105">recognition, </span><span class="pp-class-382 pa t44364 l9130 ls1463">foreign </span><span class="pp-class-382 pa t44364 l44366 ls3377">currency </span><span class="pp-class-382 pa t44364 l44367 ls3623">transactions </span><span class="pp-class-382 pa t44364 l44368 ls800">are </span><span class="pp-class-382 pa t44364 l44369 ls2688">translated </span><span class="pp-class-382 pa t44364 l44370 ls3474">into </span><span class="pp-class-382 pa t44364 l44371 ls1099">the </span><span class="pp-class-382 pa t44364 l44372 ls1271">functional </span><span class="pp-class-382 pa t44364 l44373 ls3377">currency </span><span class="pp-class-382 pa t44364 l44374 ls1759">using </span><span class="pp-class-382 pa t44364 l44375 ls302">the </span><span class="pp-class-382 pa t44376 l3 ls3435">exchange </span><span class="pp-class-382 pa t44376 l14877 ls3216">rate </span><span class="pp-class-382 pa t44376 l44377 ls3435">prevailing </span><span class="pp-class-382 pa t44376 l44378 ls1083">at </span><span class="pp-class-382 pa t44376 l44379 ls858">the </span><span class="pp-class-382 pa t44376 l44380 ls852">date </span><span class="pp-class-382 pa t44376 l44381 ls103">of </span><span class="pp-class-382 pa t44376 l44382 ls3623">transaction. </span><span class="pp-class-382 pa t44376 l44383 ls3377">Currency </span><span class="pp-class-382 pa t44376 l44384 ls1759">gains </span><span class="pp-class-382 pa t44376 l44385 ls1099">and </span><span class="pp-class-382 pa t44376 l44386 ls2486">losses </span><span class="pp-class-382 pa t44376 l44387 ls2944">resulting </span><span class="pp-class-382 pa t44376 l44388 ls1243">from </span><span class="pp-class-382 pa t44376 l44389 ls1099">the </span><span class="pp-class-382 pa t44376 l44390 ls2970">settlement </span><span class="pp-class-382 pa t44376 l44391 ls134">of </span><span class="pp-class-382 pa t44392 l3 ls1759">these </span><span class="pp-class-382 pa t44392 l44040 ls3623">transactions </span><span class="pp-class-382 pa t44392 l44393 ls1080">as </span><span class="pp-class-382 pa t44392 l44394 ls960">well </span><span class="pp-class-382 pa t44392 l1602 ls1080">as </span><span class="pp-class-382 pa t44392 l17527 ls1243">from </span><span class="pp-class-382 pa t44392 l44395 ls858">the </span><span class="pp-class-382 pa t44392 l44396 ls2944">translation </span><span class="pp-class-382 pa t44392 l44397 ls1083">at </span><span class="pp-class-382 pa t44392 l44398 ls2760">year-end </span><span class="pp-class-382 pa t44392 l44399 ls3435">exchange </span><span class="pp-class-382 pa t44392 l44400 ls2769">rates </span><span class="pp-class-382 pa t44392 l44401 ls103">of </span><span class="pp-class-382 pa t44392 l44402 ls2694">monetary </span><span class="pp-class-382 pa t44392 l44403 ls238">assets </span><span class="pp-class-382 pa t44392 l44404 ls302">and </span><span class="pp-class-382 pa t44405 l3 ls1118">liabilities </span><span class="pp-class-382 pa t44405 l44406 ls728">denominated </span><span class="pp-class-382 pa t44405 l44407 ls1080">in </span><span class="pp-class-382 pa t44405 l44408 ls1463">foreign </span><span class="pp-class-382 pa t44405 l44409 ls2970">currencies </span><span class="pp-class-382 pa t44405 l44410 ls800">are </span><span class="pp-class-382 pa t44405 l44411 ls2970">recognised </span><span class="pp-class-382 pa t44405 l44412 ls1080">in </span><span class="pp-class-382 pa t44405 l44413 ls858">the </span><span class="pp-class-382 pa t44405 l44414 ls2486">income </span><span class="pp-class-382 pa t44405 l44415 ls1150">statement </span><span class="pp-class-382 pa t44405 l44416 ls1080">as </span><span class="pp-class-382 pa t44405 l43884 ls1073">financial </span><span class="pp-class-382 pa t44405 l44417 ls2486">income </span><span class="pp-class-382 pa t44405 l44418 ls278">or </span><span class="pp-class-382 pa t44419 l3 ls1323">cost </span><span class="pp-class-382 pa t44419 l44420 ls3382">except </span><span class="pp-class-382 pa t44419 l44421 ls1323">when </span><span class="pp-class-382 pa t44419 l44422 ls828">deferred </span><span class="pp-class-382 pa t44419 l30057 ls1080">in </span><span class="pp-class-382 pa t44419 l44423 ls2486">equity </span><span class="pp-class-382 pa t44419 l44424 ls1080">as </span><span class="pp-class-382 pa t44419 l44425 ls1759">qualifying </span><span class="pp-class-382 pa t44419 l44426 ls3278">for </span><span class="pp-class-382 pa t44419 l44427 ls1323">cash </span><span class="pp-class-382 pa t44419 l44428 ls960">flow </span><span class="pp-class-382 pa t44419 l44429 ls2486">hedges.</span></p></div></div><div id="pp-id-5035" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h44430 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30568 l3 ls3377">Currency </span><span class="pp-class-382 pa t30568 l44431 ls1759">gains </span><span class="pp-class-382 pa t30568 l44432 ls858">and </span><span class="pp-class-382 pa t30568 l19048 ls2486">losses </span><span class="pp-class-382 pa t30568 l44433 ls1080">on </span><span class="pp-class-382 pa t30568 l44434 ls1077">non-monetary </span><span class="pp-class-382 pa t30568 l44435 ls1118">items </span><span class="pp-class-382 pa t30568 l44436 ls2970">recognised </span><span class="pp-class-382 pa t30568 l44437 ls1083">at </span><span class="pp-class-382 pa t30568 l44438 ls3278">fair </span><span class="pp-class-382 pa t30568 l44439 ls2760">value, </span><span class="pp-class-382 pa t30568 l44440 ls1323">such </span><span class="pp-class-382 pa t30568 l25969 ls1080">as </span><span class="pp-class-382 pa t30568 l44441 ls819">securities </span><span class="pp-class-382 pa t30568 l44442 ls8853">measured </span><span class="pp-class-382 pa t30568 l44443 ls1073">at </span><span class="pp-class-382 pa t30575 l3 ls1772">Fair </span><span class="pp-class-382 pa t30575 l44444 ls3230">Value </span><span class="pp-class-382 pa t30575 l44445 ls1150">Through </span><span class="pp-class-382 pa t30575 l34271 ls1974">Profit </span><span class="pp-class-382 pa t30575 l29812 ls858">and </span><span class="pp-class-382 pa t30575 l27879 ls1323">Loss </span><span class="pp-class-382 pa t30575 l17619 ls99">(FVTPL), </span><span class="pp-class-382 pa t30575 l14675 ls800">are </span><span class="pp-class-382 pa t30575 l44446 ls2970">recognised </span><span class="pp-class-382 pa t30575 l44447 ls1080">in </span><span class="pp-class-382 pa t30575 l44448 ls1099">the </span><span class="pp-class-382 pa t30575 l44449 ls1323">same </span><span class="pp-class-382 pa t30575 l44450 ls1323">line </span><span class="pp-class-382 pa t30575 l44451 ls1073">item </span><span class="pp-class-382 pa t30575 l44452 ls1080">as </span><span class="pp-class-382 pa t30575 l44453 ls1099">the </span><span class="pp-class-382 pa t30575 l44454 ls3278">fair </span><span class="pp-class-382 pa t30575 l44455 ls1083">value </span><span class="pp-class-382 pa t30575 l44456 ls1323">gain </span><span class="pp-class-382 pa t30575 l44457 ls1080">or </span><span class="pp-class-382 pa t30575 l44458 ls1323">loss.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30588 l3 ls1101">Non-current </span><span class="pp-class-382 pa t30588 l44459 ls238">assets </span><span class="pp-class-382 pa t30588 l44460 ls1316">acquired </span><span class="pp-class-382 pa t30588 l313 ls1080">in </span><span class="pp-class-382 pa t30588 l44461 ls1463">foreign </span><span class="pp-class-382 pa t30588 l30970 ls3377">currency </span><span class="pp-class-382 pa t30588 l44462 ls800">are </span><span class="pp-class-382 pa t30588 l44463 ls2688">translated </span><span class="pp-class-382 pa t30588 l20653 ls1083">at </span><span class="pp-class-382 pa t30588 l44464 ls1099">the </span><span class="pp-class-382 pa t30588 l44465 ls3435">exchange </span><span class="pp-class-382 pa t30588 l44466 ls3216">rate </span><span class="pp-class-382 pa t30588 l44467 ls3435">prevailing </span><span class="pp-class-382 pa t30588 l44468 ls1083">at </span><span class="pp-class-382 pa t30588 l44469 ls1099">the </span><span class="pp-class-382 pa t30588 l44470 ls852">date </span><span class="pp-class-382 pa t30588 l44471 ls134">of </span><span class="pp-class-382 pa t30593 l3 ls1772">acquisition. </span><span class="pp-class-382 pa t30593 l44472 ls1759">Gains </span><span class="pp-class-382 pa t30593 l44473 ls858">and </span><span class="pp-class-382 pa t30593 l44474 ls2486">losses </span><span class="pp-class-382 pa t30593 l44475 ls1080">on </span><span class="pp-class-382 pa t30593 l44476 ls2486">hedges </span><span class="pp-class-382 pa t30593 l44477 ls2531">relating </span><span class="pp-class-382 pa t30593 l44478 ls1759">to </span><span class="pp-class-382 pa t30593 l44479 ls858">the </span><span class="pp-class-382 pa t30593 l44480 ls1772">acquisition </span><span class="pp-class-382 pa t30593 l44481 ls103">of </span><span class="pp-class-382 pa t30593 l44482 ls1101">non-current </span><span class="pp-class-382 pa t30593 l44483 ls238">assets </span><span class="pp-class-382 pa t30593 l20455 ls800">are </span><span class="pp-class-382 pa t30593 l44484 ls2970">recognised </span><span class="pp-class-382 pa t30593 l44485 ls278">as </span><span class="pp-class-382 pa t30606 l3 ls658">part </span><span class="pp-class-382 pa t30606 l6838 ls103">of </span><span class="pp-class-382 pa t30606 l44486 ls858">the </span><span class="pp-class-382 pa t30606 l44487 ls1083">value </span><span class="pp-class-382 pa t30606 l34507 ls103">of </span><span class="pp-class-382 pa t30606 l44488 ls858">the </span><span class="pp-class-382 pa t30606 l44489 ls1101">non-current </span><span class="pp-class-382 pa t30606 l44490 ls296">asset </span><span class="pp-class-382 pa t30606 l44491 ls1083">at </span><span class="pp-class-382 pa t30606 l44492 ls858">its </span><span class="pp-class-382 pa t30606 l44493 ls1237">initial </span><span class="pp-class-382 pa t30606 l44494 ls2142">recognition.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30622 l3 ls12399">Translation </span><span class="pp-class-382 pa t30622 l44360 ls103">of </span><span class="pp-class-382 pa t30622 l44361 ls1118">subsidiaries</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30628 l3 ls1080">In </span><span class="pp-class-382 pa t30628 l43891 ls858">the </span><span class="pp-class-382 pa t30628 l43987 ls2088">consolidated </span><span class="pp-class-382 pa t30628 l28452 ls1073">financial </span><span class="pp-class-382 pa t30628 l34285 ls2854">statements, </span><span class="pp-class-382 pa t30628 l44263 ls858">the </span><span class="pp-class-382 pa t30628 l44264 ls2486">Income </span><span class="pp-class-382 pa t30628 l44495 ls1150">statement </span><span class="pp-class-382 pa t30628 l44496 ls1118">items </span><span class="pp-class-382 pa t30628 l44497 ls103">of </span><span class="pp-class-382 pa t30628 l44498 ls830">subsidiaries </span><span class="pp-class-382 pa t30628 l44499 ls1323">with </span><span class="pp-class-382 pa t30628 l44500 ls302">a </span><span class="pp-class-382 pa t30628 l44501 ls1305">functional </span><span class="pp-class-382 pa t30634 l3 ls3377">currency </span><span class="pp-class-382 pa t30634 l44502 ls4305">different </span><span class="pp-class-382 pa t30634 l44503 ls1243">from </span><span class="pp-class-382 pa t30634 l44504 ls858">DKK </span><span class="pp-class-382 pa t30634 l21758 ls800">are </span><span class="pp-class-382 pa t30634 l44505 ls2688">translated </span><span class="pp-class-382 pa t30634 l44506 ls1083">at </span><span class="pp-class-382 pa t30634 l44507 ls858">the </span><span class="pp-class-382 pa t30634 l44508 ls2796">average </span><span class="pp-class-382 pa t30634 l44509 ls3435">exchange </span><span class="pp-class-382 pa t30634 l44510 ls2588">rate, </span><span class="pp-class-382 pa t30634 l44511 ls1759">while </span><span class="pp-class-382 pa t30634 l44512 ls1099">the </span><span class="pp-class-382 pa t30634 l44513 ls1237">balance </span><span class="pp-class-382 pa t30634 l44514 ls296">sheet </span><span class="pp-class-382 pa t30634 l44515 ls1118">items </span><span class="pp-class-382 pa t30634 l44516 ls2970">are </span><span class="pp-class-382 pa t30807 l3 ls2688">translated </span><span class="pp-class-382 pa t30807 l44517 ls1083">at </span><span class="pp-class-382 pa t30807 l44518 ls858">the </span><span class="pp-class-382 pa t30807 l44519 ls3435">exchange </span><span class="pp-class-382 pa t30807 l44520 ls2769">rates </span><span class="pp-class-382 pa t30807 l44521 ls1083">at </span><span class="pp-class-382 pa t30807 l35555 ls1099">the </span><span class="pp-class-382 pa t30807 l44522 ls858">end </span><span class="pp-class-382 pa t30807 l44523 ls103">of </span><span class="pp-class-382 pa t30807 l44524 ls1099">the </span><span class="pp-class-382 pa t30807 l44525 ls53">reporting </span><span class="pp-class-382 pa t30807 l44526 ls2486">period.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30649 l3 ls1243">Foreign </span><span class="pp-class-382 pa t30649 l4290 ls3435">exchange </span><span class="pp-class-382 pa t30649 l16344 ls1868">differences </span><span class="pp-class-382 pa t30649 l44527 ls1237">arising </span><span class="pp-class-382 pa t30649 l32028 ls1080">on </span><span class="pp-class-382 pa t30649 l34291 ls2944">translation </span><span class="pp-class-382 pa t30649 l44528 ls103">of </span><span class="pp-class-382 pa t30649 l44529 ls1323">such </span><span class="pp-class-382 pa t30649 l44530 ls1118">subsidiaries’ </span><span class="pp-class-382 pa t30649 l44531 ls2486">equity </span><span class="pp-class-382 pa t30649 l44532 ls1083">at </span><span class="pp-class-382 pa t30649 l44533 ls1099">the </span><span class="pp-class-382 pa t30649 l44534 ls1073">beginning </span><span class="pp-class-382 pa t30649 l44535 ls103">of </span><span class="pp-class-382 pa t30649 l44536 ls302">the </span><span class="pp-class-382 pa t30655 l3 ls53">reporting </span><span class="pp-class-382 pa t30655 l17191 ls2486">period </span><span class="pp-class-382 pa t30655 l44537 ls1759">to </span><span class="pp-class-382 pa t30655 l31000 ls1099">the </span><span class="pp-class-382 pa t30655 l44538 ls3435">exchange </span><span class="pp-class-382 pa t30655 l44539 ls2769">rates </span><span class="pp-class-382 pa t30655 l44540 ls1083">at </span><span class="pp-class-382 pa t30655 l44541 ls858">the </span><span class="pp-class-382 pa t30655 l44542 ls858">end </span><span class="pp-class-382 pa t30655 l44543 ls103">of </span><span class="pp-class-382 pa t30655 l44544 ls858">the </span><span class="pp-class-382 pa t30655 l44545 ls53">reporting </span><span class="pp-class-382 pa t30655 l44546 ls2486">period </span><span class="pp-class-382 pa t30655 l44547 ls1099">and </span><span class="pp-class-382 pa t30655 l44548 ls1080">on </span><span class="pp-class-382 pa t30655 l44549 ls2944">translation </span><span class="pp-class-382 pa t30655 l44550 ls103">of </span><span class="pp-class-382 pa t30655 l44551 ls858">the </span><span class="pp-class-382 pa t30655 l44552 ls1110">Income </span><span class="pp-class-382 pa t387 l3 ls1244">statements </span><span class="pp-class-382 pa t387 l43674 ls1243">from </span><span class="pp-class-382 pa t387 l44553 ls2796">average </span><span class="pp-class-382 pa t387 l44554 ls3435">exchange </span><span class="pp-class-382 pa t387 l44555 ls2769">rates </span><span class="pp-class-382 pa t387 l44556 ls1759">to </span><span class="pp-class-382 pa t387 l40483 ls1099">the </span><span class="pp-class-382 pa t387 l32397 ls3435">exchange </span><span class="pp-class-382 pa t387 l44557 ls2769">rates </span><span class="pp-class-382 pa t387 l44558 ls1083">at </span><span class="pp-class-382 pa t387 l37399 ls858">the </span><span class="pp-class-382 pa t387 l44559 ls1099">end </span><span class="pp-class-382 pa t387 l44560 ls103">of </span><span class="pp-class-382 pa t387 l44561 ls1099">the </span><span class="pp-class-382 pa t387 l44562 ls53">reporting </span><span class="pp-class-382 pa t387 l44563 ls2486">period </span><span class="pp-class-382 pa t387 l44564 ls2970">are </span><span class="pp-class-382 pa t30670 l3 ls2970">recognised </span><span class="pp-class-382 pa t30670 l44565 ls1080">in </span><span class="pp-class-382 pa t30670 l44566 ls296">other </span><span class="pp-class-382 pa t30670 l44567 ls1974">comprehensive </span><span class="pp-class-382 pa t30670 l12646 ls2486">income </span><span class="pp-class-382 pa t30670 l44568 ls1099">and </span><span class="pp-class-382 pa t30670 l44569 ls3623">attributed </span><span class="pp-class-382 pa t30670 l44570 ls1759">to </span><span class="pp-class-382 pa t30670 l44571 ls302">a </span><span class="pp-class-382 pa t30670 l44572 ls2145">separate </span><span class="pp-class-382 pa t30670 l44573 ls2944">translation </span><span class="pp-class-382 pa t30670 l44574 ls2944">reserve </span><span class="pp-class-382 pa t30670 l44575 ls1759">under </span><span class="pp-class-382 pa t30670 l44576 ls1057">equity. </span><span class="pp-class-382 pa t30670 l44577 ls302">The </span><span class="pp-class-382 pa t30676 l3 ls3435">exchange </span><span class="pp-class-382 pa t30676 l14877 ls3216">rate </span><span class="pp-class-382 pa t30676 l44377 ls53">adjustment </span><span class="pp-class-382 pa t30676 l44578 ls1080">is </span><span class="pp-class-382 pa t30676 l44579 ls3105">allocated </span><span class="pp-class-382 pa t30676 l44580 ls1244">between </span><span class="pp-class-382 pa t30676 l44581 ls858">the </span><span class="pp-class-382 pa t30676 l44582 ls7096">Parent </span><span class="pp-class-382 pa t30676 l44583 ls2944">company’s </span><span class="pp-class-382 pa t30676 l44584 ls1099">and </span><span class="pp-class-382 pa t30676 l44585 ls858">the </span><span class="pp-class-382 pa t30676 l44586 ls2113">non-controlling </span><span class="pp-class-382 pa t30676 l44587 ls1150">interests’ </span><span class="pp-class-382 pa t30676 l44588 ls728">share </span><span class="pp-class-382 pa t30682 l3 ls103">of </span><span class="pp-class-382 pa t30682 l29517 ls2147">equity.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-384 pa t44589 l3 ls502">Report </span><span class="pp-class-384 pa t44589 l44590">under </span><span class="pp-class-384 pa t44589 l14800">the </span><span class="pp-class-384 pa t44589 l44591">ESEF </span><span class="pp-class-384 pa t44589 l44592 ls319">regulation</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t44593 l3 ls858">The </span><span class="pp-class-382 pa t44593 l16631 ls819">Commission </span><span class="pp-class-382 pa t44593 l44594 ls3105">Delegated </span><span class="pp-class-382 pa t44593 l44595 ls688">Regulation </span><span class="pp-class-382 pa t44593 l44596 ls1323">(EU) </span><span class="pp-class-382 pa t44593 l29556 ls2694">2019/815 </span><span class="pp-class-382 pa t44593 l44597 ls1080">on </span><span class="pp-class-382 pa t44593 l44598 ls858">the </span><span class="pp-class-382 pa t44593 l44599 ls8853">European </span><span class="pp-class-382 pa t44593 l44600 ls2486">Single </span><span class="pp-class-382 pa t44593 l44601 ls2127">Electronic </span><span class="pp-class-382 pa t44593 l44602 ls1974">Format </span><span class="pp-class-382 pa t44593 l44603 ls1080">(ESEF </span><span class="pp-class-382 pa t44604 l3 ls688">Regulation) </span><span class="pp-class-382 pa t44604 l44605 ls858">has </span><span class="pp-class-382 pa t44604 l44606 ls2854">introduced </span><span class="pp-class-382 pa t44604 l44607 ls302">a </span><span class="pp-class-382 pa t44604 l44608 ls2486">single </span><span class="pp-class-382 pa t44604 l44609 ls2127">electronic </span><span class="pp-class-382 pa t44604 l24352 ls53">reporting </span><span class="pp-class-382 pa t44604 l44610 ls3623">format </span><span class="pp-class-382 pa t44604 l44611 ls3278">for </span><span class="pp-class-382 pa t44604 l44612 ls1099">the </span><span class="pp-class-382 pa t44604 l44613 ls2486">annual </span><span class="pp-class-382 pa t44604 l44614 ls1073">financial </span><span class="pp-class-382 pa t44604 l44615 ls1859">reports </span><span class="pp-class-382 pa t44604 l44616 ls103">of </span><span class="pp-class-382 pa t44604 l44617 ls1237">issuers </span><span class="pp-class-382 pa t44604 l44618 ls1955">with </span><span class="pp-class-382 pa t44619 l3 ls819">securities </span><span class="pp-class-382 pa t44619 l26719 ls1319">listed </span><span class="pp-class-382 pa t44619 l44620 ls1080">on </span><span class="pp-class-382 pa t44619 l44621 ls858">the </span><span class="pp-class-382 pa t44619 l44622 ls1080">EU </span><span class="pp-class-382 pa t44619 l1239 ls3377">regulated </span><span class="pp-class-382 pa t44619 l44623 ls1150">markets. </span><span class="pp-class-382 pa t44619 l44624 ls1099">The </span><span class="pp-class-382 pa t44619 l44625 ls1015">Group’s </span><span class="pp-class-382 pa t44619 l44626 ls203">iXBRL </span><span class="pp-class-382 pa t44619 l44627 ls728">tags </span><span class="pp-class-382 pa t44619 l44628 ls185">have </span><span class="pp-class-382 pa t44619 l44629 ls1323">been </span><span class="pp-class-382 pa t44619 l44630 ls3435">prepared </span><span class="pp-class-382 pa t44619 l44631 ls1080">in </span><span class="pp-class-382 pa t44619 l44632 ls852">accordance </span><span class="pp-class-382 pa t44619 l44633 ls1955">with </span><span class="pp-class-382 pa t44634 l3 ls858">the </span><span class="pp-class-382 pa t44634 l43824 ls1323">ESEF </span><span class="pp-class-382 pa t44634 l44635 ls2805">taxonomy, </span><span class="pp-class-382 pa t44634 l44636 ls1759">which </span><span class="pp-class-382 pa t44634 l44637 ls1080">is </span><span class="pp-class-382 pa t44634 l44638 ls238">included </span><span class="pp-class-382 pa t44634 l44639 ls1080">in </span><span class="pp-class-382 pa t44634 l44640 ls858">the </span><span class="pp-class-382 pa t44634 l44641 ls1323">ESEF </span><span class="pp-class-382 pa t44634 l44642 ls688">Regulation </span><span class="pp-class-382 pa t44634 l44643 ls1099">and </span><span class="pp-class-382 pa t44634 l44644 ls6007">developed </span><span class="pp-class-382 pa t44634 l44645 ls1759">based </span><span class="pp-class-382 pa t44634 l44646 ls1080">on </span><span class="pp-class-382 pa t44634 l44647 ls858">the </span><span class="pp-class-382 pa t44634 l44648 ls187">IFRS </span><span class="pp-class-382 pa t44634 l44649 ls1974">taxonomy </span><span class="pp-class-382 pa t44650 l3 ls1073">published </span><span class="pp-class-382 pa t44650 l44651 ls2784">by </span><span class="pp-class-382 pa t44650 l44652 ls858">the </span><span class="pp-class-382 pa t44650 l44653 ls187">IFRS </span><span class="pp-class-382 pa t44650 l44654 ls6360">Foundation. </span><span class="pp-class-382 pa t44650 l26008 ls858">The </span><span class="pp-class-382 pa t44650 l44655 ls2486">Annual </span><span class="pp-class-382 pa t44650 l44656 ls1080">Report </span><span class="pp-class-382 pa t44650 l44657 ls803">submitted </span><span class="pp-class-382 pa t44650 l44658 ls1759">to </span><span class="pp-class-382 pa t44650 l44659 ls858">the </span><span class="pp-class-382 pa t44650 l44660 ls2486">Danish </span><span class="pp-class-382 pa t44650 l44661 ls1073">Financial </span><span class="pp-class-382 pa t44650 l44662 ls1110">Supervisory </span><span class="pp-class-382 pa t44650 l44663 ls3474">Authority </span><span class="pp-class-382 pa t44664 l3 ls1323">(the </span><span class="pp-class-382 pa t44664 l44665 ls1083">Officially </span><span class="pp-class-382 pa t44664 l44666 ls4275">Appointed </span><span class="pp-class-382 pa t44664 l44667 ls819">Mechanism) </span><span class="pp-class-382 pa t44664 l44668 ls2694">consists </span><span class="pp-class-382 pa t44664 l44669 ls103">of </span><span class="pp-class-382 pa t44664 l44670 ls1099">the </span><span class="pp-class-382 pa t44664 l44671 ls1759">XHTML </span><span class="pp-class-382 pa t44664 l44672 ls830">document </span><span class="pp-class-382 pa t44664 l20988 ls3278">together </span><span class="pp-class-382 pa t44664 l44673 ls1323">with </span><span class="pp-class-382 pa t44664 l44674 ls1099">the </span><span class="pp-class-382 pa t44664 l44675 ls296">technical </span><span class="pp-class-382 pa t44664 l44676 ls2486">files, </span><span class="pp-class-382 pa t44664 l44677 ls1099">all </span><span class="pp-class-382 pa t44664 l44678 ls134">of </span><span class="pp-class-382 pa t44679 l3 ls1759">which </span><span class="pp-class-382 pa t44679 l44680 ls800">are </span><span class="pp-class-382 pa t44679 l24746 ls238">included </span><span class="pp-class-382 pa t44679 l44681 ls1080">in </span><span class="pp-class-382 pa t44679 l44682 ls858">the </span><span class="pp-class-382 pa t44679 l44683 ls858">ZIP </span><span class="pp-class-382 pa t44679 l44684 ls1323">file </span><span class="pp-class-382 pa t44679 l44685 ls3166">DFDS-2024-12-31-en.zip. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-384 pa t44686 l3 ls5486">Key </span><span class="pp-class-384 pa t44686 l5487 ls105">figures</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t44687 l3 ls1736">Key </span><span class="pp-class-382 pa t44687 l44688 ls2787">figures </span><span class="pp-class-382 pa t44687 l44689 ls3458">are </span><span class="pp-class-382 pa t44687 l44690 ls1150">calculated </span><span class="pp-class-382 pa t44687 l44691 ls1309">in </span><span class="pp-class-382 pa t44687 l44692 ls2760">accordance </span><span class="pp-class-382 pa t44687 l44693 ls1237">with </span><span class="pp-class-382 pa t44687 l44694 ls866">the </span><span class="pp-class-382 pa t44687 l44695 ls3623">latest </span><span class="pp-class-382 pa t44687 l44696 ls1244">version </span><span class="pp-class-382 pa t44687 l44697 ls1257">of </span><span class="pp-class-382 pa t44687 l44698 ls866">the </span><span class="pp-class-382 pa t44687 l44699 ls296">Danish </span><span class="pp-class-382 pa t44687 l44700 ls3474">Finance </span><span class="pp-class-382 pa t44687 l44701 ls2760">Society’s </span><span class="pp-class-382 pa t44687 l44702 ls1118">guidelines, </span><span class="pp-class-382 pa t44703 l3 ls6360">‘Recommendations </span><span class="pp-class-382 pa t44703 l43651 ls866">and </span><span class="pp-class-382 pa t44703 l44704 ls1818">Financial </span><span class="pp-class-382 pa t44703 l44705 ls5069">Ratios’ </span><span class="pp-class-382 pa t44703 l44706 ls296">unless </span><span class="pp-class-382 pa t44703 l44707 ls19370">separately </span><span class="pp-class-382 pa t44703 l44708 ls2760">stated </span><span class="pp-class-382 pa t44703 l44709 ls1118">under </span><span class="pp-class-382 pa t44703 l44710 ls1772">'Financial </span><span class="pp-class-382 pa t44703 l44711 ls53">definitions'. </span><span class="pp-class-382 pa t44703 l44712 ls866">The </span><span class="pp-class-382 pa t44703 l44713 ls3241">key </span><span class="pp-class-382 pa t44703 l44714 ls2970">figures </span><span class="pp-class-382 pa t44715 l3 ls2760">stated </span><span class="pp-class-382 pa t44715 l44716 ls1309">in </span><span class="pp-class-382 pa t44715 l44717 ls866">the </span><span class="pp-class-382 pa t44715 l44718 ls7096">overview </span><span class="pp-class-382 pa t44715 l44719 ls1237">with </span><span class="pp-class-382 pa t44715 l44720 ls1244">consolidated </span><span class="pp-class-382 pa t44715 l44721 ls1818">financial </span><span class="pp-class-382 pa t44715 l44722 ls53">highlights </span><span class="pp-class-382 pa t44715 l44723 ls3458">are </span><span class="pp-class-382 pa t44715 l44724 ls4275">defined </span><span class="pp-class-382 pa t44715 l44725 ls1309">on </span><span class="pp-class-382 pa t44715 l44726 ls866">the </span><span class="pp-class-382 pa t44715 l44727 ls1772">‘Financial </span><span class="pp-class-382 pa t44715 l44728 ls1321">definitions’ </span><span class="pp-class-382 pa t44715 l44729 ls1101">page </span><span class="pp-class-382 pa t44715 l44730 ls8569">236</span><span class="pp-class-382 pa t44715 l44731">.</span></p></div></div><div class="pp-class-10" id="pp-id-5036" xmlns="http://www.w3.org/1999/xhtml"><div class="w20349 h44733 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">New </span><span class="pp-class-370 pa t21055 l44734 ls128">accounting </span><span class="pp-class-370 pa t21055 l44735">policies </span><span class="pp-class-370 pa t21055 l44736">and </span><span class="pp-class-370 pa t21055 l44737 ls1259">disclosures</span></p></div></div><div class="pp-class-10" id="pp-id-5037" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h44430 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t328 l3 ls2688">New </span><span class="pp-class-383 pa t328 l44738 ls53">standards </span><span class="pp-class-383 pa t328 l44739 ls858">and </span><span class="pp-class-383 pa t328 l44740 ls2127">interpretations </span><span class="pp-class-383 pa t328 l44741 ls866">not </span><span class="pp-class-383 pa t328 l44742 ls2145">yet </span><span class="pp-class-383 pa t328 l44743 ls2842">adopted</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30568 l3 ls858">The </span><span class="pp-class-382 pa t30568 l16631 ls4275">IASB </span><span class="pp-class-382 pa t30568 l44744 ls858">has </span><span class="pp-class-382 pa t30568 l44745 ls2486">issued </span><span class="pp-class-382 pa t30568 l44746 ls302">a </span><span class="pp-class-382 pa t30568 l44747 ls2486">number </span><span class="pp-class-382 pa t30568 l16289 ls103">of </span><span class="pp-class-382 pa t30568 l44748 ls1237">amended </span><span class="pp-class-382 pa t30568 l44749 ls2127">standards </span><span class="pp-class-382 pa t30568 l44750 ls1099">and </span><span class="pp-class-382 pa t30568 l44751 ls2760">interpretations </span><span class="pp-class-382 pa t30568 l44752 ls1323">with </span><span class="pp-class-382 pa t30568 l44753 ls2784">effective </span><span class="pp-class-382 pa t30568 l44754 ls852">date </span><span class="pp-class-382 pa t30568 l44755 ls1323">post </span><span class="pp-class-382 pa t30568 l44756 ls278">31 </span><span class="pp-class-382 pa t30575 l3 ls2694">December </span><span class="pp-class-382 pa t30575 l18610 ls2854">2024, </span><span class="pp-class-382 pa t30575 l9816 ls1323">some </span><span class="pp-class-382 pa t30575 l44757 ls103">of </span><span class="pp-class-382 pa t30575 l44758 ls1759">which </span><span class="pp-class-382 pa t30575 l30892 ls185">have </span><span class="pp-class-382 pa t30575 l44759 ls830">not </span><span class="pp-class-382 pa t30575 l44760 ls3377">yet </span><span class="pp-class-382 pa t30575 l44761 ls1323">been </span><span class="pp-class-382 pa t30575 l44762 ls2694">endorsed </span><span class="pp-class-382 pa t30575 l44763 ls2784">by </span><span class="pp-class-382 pa t30575 l44764 ls858">the </span><span class="pp-class-382 pa t30575 l44765 ls1868">EU. </span><span class="pp-class-382 pa t30575 l44766 ls1099">The </span><span class="pp-class-382 pa t30575 l44767 ls1150">new </span><span class="pp-class-382 pa t30575 l44768 ls1099">and </span><span class="pp-class-382 pa t30575 l44769 ls1237">amended </span><span class="pp-class-382 pa t30575 l44770 ls2127">standards </span><span class="pp-class-382 pa t30575 l44771 ls302">and </span><span class="pp-class-382 pa t30583 l3 ls2760">interpretations </span><span class="pp-class-382 pa t30583 l44772 ls800">are </span><span class="pp-class-382 pa t30583 l23706 ls830">not </span><span class="pp-class-382 pa t30583 l44773 ls1772">mandatory </span><span class="pp-class-382 pa t30583 l26008 ls3278">for </span><span class="pp-class-382 pa t30583 l44774 ls858">the </span><span class="pp-class-382 pa t30583 l44775 ls1073">financial </span><span class="pp-class-382 pa t30583 l17181 ls53">reporting </span><span class="pp-class-382 pa t30583 l44776 ls3278">for </span><span class="pp-class-382 pa t30583 l44777 ls2854">2024. </span><span class="pp-class-382 pa t30583 l44778 ls1099">The </span><span class="pp-class-382 pa t30583 l44779 ls2784">Group </span><span class="pp-class-382 pa t30583 l44780 ls2787">expects </span><span class="pp-class-382 pa t30583 l44781 ls1759">to </span><span class="pp-class-382 pa t30583 l44782 ls2889">adopt </span><span class="pp-class-382 pa t30583 l44783 ls302">the </span><span class="pp-class-382 pa t30588 l3 ls2127">Standards </span><span class="pp-class-382 pa t30588 l43807 ls858">and </span><span class="pp-class-382 pa t30588 l44784 ls2760">Interpretations </span><span class="pp-class-382 pa t30588 l44785 ls1323">when </span><span class="pp-class-382 pa t30588 l44786 ls960">they </span><span class="pp-class-382 pa t30588 l23101 ls2486">become </span><span class="pp-class-382 pa t30588 l44787 ls2459">mandatory. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30606 l3 ls187">IFRS </span><span class="pp-class-382 pa t30606 l44788 ls1271">18 </span><span class="pp-class-382 pa t30606 l44789 ls1194">Presentation </span><span class="pp-class-382 pa t30606 l44790 ls858">and </span><span class="pp-class-382 pa t30606 l44791 ls2970">Disclosure </span><span class="pp-class-382 pa t30606 l44792 ls1080">in </span><span class="pp-class-382 pa t30606 l44793 ls1073">Financial </span><span class="pp-class-382 pa t30606 l44794 ls1244">Statements </span><span class="pp-class-382 pa t30606 l44795 ls2851">(effective </span><span class="pp-class-382 pa t30606 l44796 ls3278">for </span><span class="pp-class-382 pa t30606 l44797 ls2486">annual </span><span class="pp-class-382 pa t30606 l44798 ls1237">periods </span><span class="pp-class-382 pa t30606 l44799 ls1073">beginning </span><span class="pp-class-382 pa t30606 l44800 ls1080">on </span><span class="pp-class-382 pa t30606 l44801 ls1080">or </span><span class="pp-class-382 pa t30606 l44802 ls1305">after </span><span class="pp-class-382 pa t30615 l3 ls302">1 </span><span class="pp-class-382 pa t30615 l44803 ls3572">January </span><span class="pp-class-382 pa t30615 l14945 ls1271">2027) </span><span class="pp-class-382 pa t30615 l44804 ls1323">will </span><span class="pp-class-382 pa t30615 l44805 ls830">not </span><span class="pp-class-382 pa t30615 l44806 ls728">impact </span><span class="pp-class-382 pa t30615 l12393 ls858">the </span><span class="pp-class-382 pa t30615 l44807 ls2142">recognition </span><span class="pp-class-382 pa t30615 l44808 ls1080">or </span><span class="pp-class-382 pa t30615 l44809 ls960">measurement </span><span class="pp-class-382 pa t30615 l44810 ls103">of </span><span class="pp-class-382 pa t30615 l44811 ls1118">items </span><span class="pp-class-382 pa t30615 l44812 ls1080">in </span><span class="pp-class-382 pa t30615 l44813 ls1099">the </span><span class="pp-class-382 pa t30615 l44814 ls1073">financial </span><span class="pp-class-382 pa t30615 l44815 ls1244">statements </span><span class="pp-class-382 pa t30615 l44816 ls8569">however, </span><span class="pp-class-382 pa t30622 l3 ls1080">it </span><span class="pp-class-382 pa t30622 l44817 ls1323">will </span><span class="pp-class-382 pa t30622 l44818 ls728">impact </span><span class="pp-class-382 pa t30622 l44819 ls1194">presentation </span><span class="pp-class-382 pa t30622 l44820 ls858">and </span><span class="pp-class-382 pa t30622 l44821 ls1083">disclosure.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30634 l3 ls1722">Management </span><span class="pp-class-382 pa t30634 l44822 ls2760">is </span><span class="pp-class-382 pa t30634 l44823 ls5024">currently </span><span class="pp-class-382 pa t30634 l44824 ls3241">assessing </span><span class="pp-class-382 pa t30634 l19348 ls650">the </span><span class="pp-class-382 pa t30634 l44825 ls1789">implications </span><span class="pp-class-382 pa t30634 l44826 ls2531">of </span><span class="pp-class-382 pa t30634 l44827 ls18115">applying </span><span class="pp-class-382 pa t30634 l44828 ls650">the </span><span class="pp-class-382 pa t30634 l44829 ls2949">new </span><span class="pp-class-382 pa t30634 l44830 ls12399">standard. </span><span class="pp-class-382 pa t30634 l44831 ls1772">A </span><span class="pp-class-382 pa t30634 l44832 ls13205">high-level </span><span class="pp-class-382 pa t30634 l44833 ls2588">preliminary </span><span class="pp-class-382 pa t30807 l3 ls3310">assessment </span><span class="pp-class-382 pa t30807 l32199 ls650">has </span><span class="pp-class-382 pa t30807 l44834 ls3310">identified </span><span class="pp-class-382 pa t30807 l44835 ls650">the </span><span class="pp-class-382 pa t30807 l44836 ls4343">following: </span><span class="pp-class-382 pa t30807 l44837 ls9272">grouping </span><span class="pp-class-382 pa t30807 l44838 ls195">items </span><span class="pp-class-382 pa t30807 l44839 ls2531">of </span><span class="pp-class-382 pa t30807 l44840 ls15062">income </span><span class="pp-class-382 pa t30807 l44841 ls650">and </span><span class="pp-class-382 pa t30807 l44842 ls9272">expenses </span><span class="pp-class-382 pa t30807 l44843 ls2760">in </span><span class="pp-class-382 pa t30807 l44780 ls650">the </span><span class="pp-class-382 pa t30807 l44844 ls3036">statement </span><span class="pp-class-382 pa t30807 l44845 ls2531">of </span><span class="pp-class-382 pa t30807 l44846 ls3036">profit </span><span class="pp-class-382 pa t30807 l44847 ls2760">or </span><span class="pp-class-382 pa t30807 l44848 ls1150">loss </span><span class="pp-class-382 pa t30644 l3 ls3216">into </span><span class="pp-class-382 pa t30644 l44849 ls650">the </span><span class="pp-class-382 pa t30644 l44850 ls2949">new </span><span class="pp-class-382 pa t30644 l44851 ls8446">categories </span><span class="pp-class-382 pa t30644 l6315 ls2955">will </span><span class="pp-class-382 pa t30644 l44852 ls7611">impact </span><span class="pp-class-382 pa t30644 l16442 ls2949">how </span><span class="pp-class-382 pa t30644 l44853 ls2766">operating </span><span class="pp-class-382 pa t30644 l44854 ls3036">profit </span><span class="pp-class-382 pa t30644 l44855 ls2760">is </span><span class="pp-class-382 pa t30644 l44856 ls8446">calculated </span><span class="pp-class-382 pa t30644 l44857 ls650">and </span><span class="pp-class-382 pa t30644 l44858 ls1789">reported, </span><span class="pp-class-382 pa t30644 l44859 ls650">and </span><span class="pp-class-382 pa t30644 l44860 ls195">changes </span><span class="pp-class-382 pa t30644 l44861 ls1759">to </span><span class="pp-class-382 pa t30649 l3 ls1789">classification </span><span class="pp-class-382 pa t30649 l43999 ls2531">of </span><span class="pp-class-382 pa t30649 l44862 ls3241">financial </span><span class="pp-class-382 pa t30649 l21371 ls195">items </span><span class="pp-class-382 pa t30649 l44863 ls2760">in </span><span class="pp-class-382 pa t30649 l44864 ls650">the </span><span class="pp-class-382 pa t30649 l44865 ls3036">statement </span><span class="pp-class-382 pa t30649 l16176 ls2531">of </span><span class="pp-class-382 pa t30649 l44866 ls2955">cash </span><span class="pp-class-382 pa t30649 l44867 ls3036">flows </span><span class="pp-class-382 pa t30649 l44868 ls2760">is </span><span class="pp-class-382 pa t30649 l44869 ls1736">expected </span><span class="pp-class-382 pa t30649 l44870 ls650">to </span><span class="pp-class-382 pa t30649 l44871 ls7611">impact </span><span class="pp-class-382 pa t30649 l44872 ls650">the </span><span class="pp-class-382 pa t30649 l44873 ls1049">presented </span><span class="pp-class-382 pa t30649 l44874 ls2955">cash </span><span class="pp-class-382 pa t30649 l44875 ls10900">flows </span><span class="pp-class-382 pa t30655 l3 ls14385">from </span><span class="pp-class-382 pa t30655 l43219 ls721">operating, </span><span class="pp-class-382 pa t30655 l44876 ls7966">investing </span><span class="pp-class-382 pa t30655 l44877 ls650">and </span><span class="pp-class-382 pa t30655 l44878 ls3241">financing </span><span class="pp-class-382 pa t30655 l44879 ls1789">activities, </span><span class="pp-class-382 pa t30655 l44880 ls16064">respectively.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30670 l3 ls2688">New </span><span class="pp-class-383 pa t30670 l44738 ls3105">International </span><span class="pp-class-383 pa t30670 l44881 ls1073">Financial </span><span class="pp-class-383 pa t30670 l44882 ls187">Reporting </span><span class="pp-class-383 pa t30670 l44883 ls53">Standards </span><span class="pp-class-383 pa t30670 l44884 ls1099">and </span><span class="pp-class-383 pa t30670 l44885 ls1868">Interpretations</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30676 l3 ls858">The </span><span class="pp-class-382 pa t30676 l16631 ls2784">Group </span><span class="pp-class-382 pa t30676 l4002 ls858">has </span><span class="pp-class-382 pa t30676 l44886 ls1237">applied </span><span class="pp-class-382 pa t30676 l17604 ls858">the </span><span class="pp-class-382 pa t30676 l44887 ls4299">following </span><span class="pp-class-382 pa t30676 l44888 ls2127">standards </span><span class="pp-class-382 pa t30676 l44889 ls858">and </span><span class="pp-class-382 pa t30676 l44890 ls806">amendments </span><span class="pp-class-382 pa t30676 l44891 ls3278">for </span><span class="pp-class-382 pa t30676 l31728 ls858">the </span><span class="pp-class-382 pa t30676 l44892 ls1759">first </span><span class="pp-class-382 pa t30676 l44893 ls1323">time </span><span class="pp-class-382 pa t30676 l44894 ls3278">for </span><span class="pp-class-382 pa t30676 l44895 ls1099">its </span><span class="pp-class-382 pa t30676 l44896 ls2486">annual </span><span class="pp-class-382 pa t30676 l44897 ls1319">reporting </span><span class="pp-class-382 pa t30682 l3 ls2486">period </span><span class="pp-class-382 pa t30682 l44898 ls819">commencing </span><span class="pp-class-382 pa t30682 l16798 ls302">1 </span><span class="pp-class-382 pa t30682 l44899 ls3572">January </span><span class="pp-class-382 pa t30682 l44900 ls1772">2024: </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30687 l3">- </span><span class="pp-class-382 pa t30687 l44901 ls3387">Classification </span><span class="pp-class-382 pa t30687 l44902 ls103">of </span><span class="pp-class-382 pa t30687 l44903 ls1118">Liabilities </span><span class="pp-class-382 pa t30687 l44904 ls1080">as </span><span class="pp-class-382 pa t30687 l29163 ls852">Current </span><span class="pp-class-382 pa t30687 l44905 ls1080">or </span><span class="pp-class-382 pa t30687 l44906 ls1101">Non-current </span><span class="pp-class-382 pa t30687 l44907 ls858">and </span><span class="pp-class-382 pa t30687 l44908 ls1101">Non-current </span><span class="pp-class-382 pa t30687 l44909 ls1118">liabilities </span><span class="pp-class-382 pa t30687 l44910 ls1323">with </span><span class="pp-class-382 pa t30687 l44911 ls1316">covenants </span><span class="pp-class-382 pa t30687 l44912">– </span><span class="pp-class-382 pa t30828 l44901 ls806">Amendments </span><span class="pp-class-382 pa t30828 l44913 ls1759">to </span><span class="pp-class-382 pa t30828 l44914 ls4275">IAS </span><span class="pp-class-382 pa t30828 l44915 ls1080">1: </span><span class="pp-class-382 pa t30828 l44916 ls1323">with </span><span class="pp-class-382 pa t30828 l42347 ls858">the </span><span class="pp-class-382 pa t30828 l44917 ls1150">introduction </span><span class="pp-class-382 pa t30828 l44918 ls103">of </span><span class="pp-class-382 pa t30828 l44919 ls806">amendments </span><span class="pp-class-382 pa t30828 l44920 ls1759">to </span><span class="pp-class-382 pa t30828 l44921 ls4275">IAS </span><span class="pp-class-382 pa t30828 l44922 ls302">1 </span><span class="pp-class-382 pa t30828 l44923 ls1080">in </span><span class="pp-class-382 pa t30828 l44924 ls2854">2024, </span><span class="pp-class-382 pa t30828 l44925 ls302">a </span><span class="pp-class-382 pa t30828 l44081 ls1073">liability </span><span class="pp-class-382 pa t30828 l44926 ls1323">will </span><span class="pp-class-382 pa t30828 l44927 ls1080">be </span><span class="pp-class-382 pa t30828 l44928 ls819">classified </span><span class="pp-class-382 pa t30828 l44929 ls278">as </span><span class="pp-class-382 pa t30689 l44901 ls1101">non-current </span><span class="pp-class-382 pa t30689 l44930 ls1323">when </span><span class="pp-class-382 pa t30689 l44931 ls1323">DFDS </span><span class="pp-class-382 pa t30689 l44932 ls858">has </span><span class="pp-class-382 pa t30689 l44933 ls858">the </span><span class="pp-class-382 pa t30689 l44934 ls1305">right </span><span class="pp-class-382 pa t30689 l44935 ls1759">to </span><span class="pp-class-382 pa t30689 l44936 ls53">defer </span><span class="pp-class-382 pa t30689 l27385 ls2970">settlement </span><span class="pp-class-382 pa t30689 l44937 ls103">of </span><span class="pp-class-382 pa t30689 l44938 ls858">the </span><span class="pp-class-382 pa t30689 l44939 ls1073">liability </span><span class="pp-class-382 pa t30689 l44940 ls3278">for </span><span class="pp-class-382 pa t30689 l44941 ls1083">at </span><span class="pp-class-382 pa t30689 l44942 ls1759">least </span><span class="pp-class-382 pa t30689 l44943 ls1314">twelve </span><span class="pp-class-382 pa t30689 l44944 ls1073">months </span><span class="pp-class-382 pa t30689 l44945 ls2842">after </span><span class="pp-class-382 pa t30689 l44946 ls302">the </span><span class="pp-class-382 pa t30696 l44901 ls53">reporting </span><span class="pp-class-382 pa t30696 l44947 ls1237">period, </span><span class="pp-class-382 pa t30696 l44948 ls2842">classification </span><span class="pp-class-382 pa t30696 l44949 ls1080">is </span><span class="pp-class-382 pa t30696 l44950 ls1150">unaffected </span><span class="pp-class-382 pa t30696 l44951 ls2784">by </span><span class="pp-class-382 pa t30696 l44952 ls2088">management’s </span><span class="pp-class-382 pa t30696 l44953 ls1321">intention </span><span class="pp-class-382 pa t30696 l44954 ls1080">or </span><span class="pp-class-382 pa t30696 l44955 ls2688">expectations </span><span class="pp-class-382 pa t30696 l44956 ls3474">whether </span><span class="pp-class-382 pa t30696 l44957 ls1759">to </span><span class="pp-class-382 pa t30696 l44958 ls1099">use </span><span class="pp-class-382 pa t30696 l44959 ls302">the </span><span class="pp-class-382 pa t30703 l44901 ls1305">right </span><span class="pp-class-382 pa t30703 l18661 ls1759">to </span><span class="pp-class-382 pa t30703 l44960 ls53">defer </span><span class="pp-class-382 pa t30703 l44961 ls2970">settlement </span><span class="pp-class-382 pa t30703 l44962 ls1080">or </span><span class="pp-class-382 pa t30703 l37848 ls2486">choose </span><span class="pp-class-382 pa t30703 l44963 ls1759">to </span><span class="pp-class-382 pa t30703 l44964 ls1244">settle </span><span class="pp-class-382 pa t30703 l44965 ls7996">early. </span><span class="pp-class-382 pa t30703 l44966 ls3377">Previous </span><span class="pp-class-382 pa t30703 l44967 ls2688">requirements </span><span class="pp-class-382 pa t30703 l44968 ls3278">for </span><span class="pp-class-382 pa t30703 l44969 ls187">classifying </span><span class="pp-class-382 pa t30703 l44970 ls302">a </span><span class="pp-class-382 pa t30703 l44971 ls1073">liability </span><span class="pp-class-382 pa t30703 l44972 ls1080">as </span><span class="pp-class-382 pa t30703 l44973 ls2889">current </span><span class="pp-class-382 pa t30707 l44901 ls1080">or </span><span class="pp-class-382 pa t30707 l44974 ls1101">non-current </span><span class="pp-class-382 pa t30707 l44975 ls3474">established </span><span class="pp-class-382 pa t30707 l44976 ls6360">that </span><span class="pp-class-382 pa t30707 l44977 ls302">a </span><span class="pp-class-382 pa t30707 l44978 ls1073">liability </span><span class="pp-class-382 pa t30707 l44979 ls1080">is </span><span class="pp-class-382 pa t30707 l44980 ls852">current </span><span class="pp-class-382 pa t30707 l44981 ls20054">if, </span><span class="pp-class-382 pa t30707 l44982 ls1759">among </span><span class="pp-class-382 pa t30707 l44983 ls3474">others, </span><span class="pp-class-382 pa t30707 l44984 ls1323">DFDS </span><span class="pp-class-382 pa t30707 l44985 ls858">did </span><span class="pp-class-382 pa t30707 l44986 ls830">not </span><span class="pp-class-382 pa t30707 l44987 ls185">have </span><span class="pp-class-382 pa t30707 l44988 ls1080">an </span><span class="pp-class-382 pa t30707 l44989 ls2486">unconditional </span><span class="pp-class-382 pa t30712 l44901 ls1305">right </span><span class="pp-class-382 pa t30712 l18661 ls1759">to </span><span class="pp-class-382 pa t30712 l44960 ls53">defer </span><span class="pp-class-382 pa t30712 l44961 ls2970">settlement </span><span class="pp-class-382 pa t30712 l44962 ls103">of </span><span class="pp-class-382 pa t30712 l17145 ls858">the </span><span class="pp-class-382 pa t30712 l16820 ls1073">liability </span><span class="pp-class-382 pa t30712 l44990 ls3278">for </span><span class="pp-class-382 pa t30712 l44991 ls1083">at </span><span class="pp-class-382 pa t30712 l44992 ls1759">least </span><span class="pp-class-382 pa t30712 l44993 ls1314">twelve </span><span class="pp-class-382 pa t30712 l44994 ls1073">months </span><span class="pp-class-382 pa t30712 l44995 ls2842">after </span><span class="pp-class-382 pa t30712 l44996 ls858">the </span><span class="pp-class-382 pa t30712 l44997 ls53">reporting </span><span class="pp-class-382 pa t30712 l44998 ls1237">period. </span><span class="pp-class-382 pa t30712 l44999 ls1463">Comparative </span><span class="pp-class-382 pa t30720 l44901 ls1150">figures </span><span class="pp-class-382 pa t30720 l45000 ls185">have </span><span class="pp-class-382 pa t30720 l29370 ls1323">been </span><span class="pp-class-382 pa t30720 l45001 ls3458">restated </span><span class="pp-class-382 pa t30720 l45002 ls6100">accordingly.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30728 l3">- </span><span class="pp-class-382 pa t30728 l45003 ls45004">Lease </span><span class="pp-class-382 pa t30728 l45005 ls2459">Liability </span><span class="pp-class-382 pa t30728 l45006 ls2142">in </span><span class="pp-class-382 pa t30728 l45007 ls7694">Sale </span><span class="pp-class-382 pa t30728 l45008 ls2944">and </span><span class="pp-class-382 pa t30728 l16742 ls2769">Leaseback </span><span class="pp-class-382 pa t30728 l45009 ls2486">– </span><span class="pp-class-382 pa t30728 l45010 ls7858">Amendments </span><span class="pp-class-382 pa t30728 l45011 ls4305">to </span><span class="pp-class-382 pa t30728 l45012 ls800">IFRS </span><span class="pp-class-382 pa t30728 l45013 ls2671">16: </span><span class="pp-class-382 pa t30728 l45014 ls2944">did </span><span class="pp-class-382 pa t30728 l45015 ls7096">not </span><span class="pp-class-382 pa t30728 l45016 ls1049">have </span><span class="pp-class-382 pa t30728 l45017 ls1864">any </span><span class="pp-class-382 pa t30728 l45018 ls19370">material </span><span class="pp-class-382 pa t30728 l45019 ls3382">impact </span><span class="pp-class-382 pa t30728 l45020 ls2142">on </span><span class="pp-class-382 pa t30728 l45021 ls2486">the </span><span class="pp-class-382 pa t30841 l45003 ls2671">amounts </span><span class="pp-class-382 pa t30841 l45022 ls2588">recognised </span><span class="pp-class-382 pa t30841 l45023 ls2142">in </span><span class="pp-class-382 pa t30841 l45024 ls7094">prior </span><span class="pp-class-382 pa t30841 l33867 ls9967">periods </span><span class="pp-class-382 pa t30841 l45025 ls2944">and </span><span class="pp-class-382 pa t30841 l45026 ls2142">is </span><span class="pp-class-382 pa t30841 l45027 ls7096">not </span><span class="pp-class-382 pa t30841 l45028 ls3362">expected </span><span class="pp-class-382 pa t30841 l45029 ls4305">to </span><span class="pp-class-382 pa t30841 l45030 ls3310">significantly </span><span class="pp-class-382 pa t30841 l45031 ls3310">affect </span><span class="pp-class-382 pa t30841 l45032 ls2944">the </span><span class="pp-class-382 pa t30841 l45033 ls3310">current </span><span class="pp-class-382 pa t30841 l45034 ls2142">or </span><span class="pp-class-382 pa t30841 l45035 ls2147">future </span><span class="pp-class-382 pa t30841 l45036 ls9967">periods.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30735 l3">- </span><span class="pp-class-382 pa t30735 l44901 ls8064">Supplier </span><span class="pp-class-382 pa t30735 l45037 ls1237">Finance </span><span class="pp-class-382 pa t30735 l39057 ls2970">Arrangements </span><span class="pp-class-382 pa t30735 l45038 ls302">– </span><span class="pp-class-382 pa t30735 l45039 ls806">Amendments </span><span class="pp-class-382 pa t30735 l45040 ls1759">to </span><span class="pp-class-382 pa t30735 l45041 ls4275">IAS </span><span class="pp-class-382 pa t30735 l45042 ls302">7 </span><span class="pp-class-382 pa t30735 l2903 ls1099">and </span><span class="pp-class-382 pa t30735 l45043 ls187">IFRS </span><span class="pp-class-382 pa t30735 l45044 ls2760">7: </span><span class="pp-class-382 pa t30735 l45045 ls1080">as </span><span class="pp-class-382 pa t30735 l45046 ls302">a </span><span class="pp-class-382 pa t30735 l45047 ls800">result </span><span class="pp-class-382 pa t30735 l45048 ls103">of </span><span class="pp-class-382 pa t30735 l45049 ls858">the </span><span class="pp-class-382 pa t30735 l45050 ls1101">adoption </span><span class="pp-class-382 pa t30735 l45051 ls103">of </span><span class="pp-class-382 pa t30735 l45052 ls302">the </span><span class="pp-class-382 pa t30741 l44901 ls806">amendments </span><span class="pp-class-382 pa t30741 l9255 ls1759">to </span><span class="pp-class-382 pa t30741 l45053 ls4275">IAS </span><span class="pp-class-382 pa t30741 l41430 ls302">7 </span><span class="pp-class-382 pa t30741 l17594 ls858">and </span><span class="pp-class-382 pa t30741 l45054 ls187">IFRS </span><span class="pp-class-382 pa t30741 l45055 ls45056">7, </span><span class="pp-class-382 pa t30741 l45057 ls858">the </span><span class="pp-class-382 pa t30741 l45058 ls2784">Group </span><span class="pp-class-382 pa t30741 l32375 ls3377">provided </span><span class="pp-class-382 pa t30741 l45059 ls1150">new </span><span class="pp-class-382 pa t30741 l45060 ls2142">disclosures </span><span class="pp-class-382 pa t30741 l45061 ls3278">for </span><span class="pp-class-382 pa t30741 l45062 ls1118">liabilities </span><span class="pp-class-382 pa t30741 l45063 ls1759">under </span><span class="pp-class-382 pa t30741 l45064 ls2694">supplier </span><span class="pp-class-382 pa t30741 l45065 ls858">finance </span><span class="pp-class-382 pa t30748 l44901 ls2970">arrangements </span><span class="pp-class-382 pa t30748 l45066 ls1080">in </span><span class="pp-class-382 pa t30748 l43850 ls1859">note </span><span class="pp-class-382 pa t30748 l45067 ls1055">3.2.3.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30759 l3 ls4279">Voluntary </span><span class="pp-class-383 pa t30759 l45068 ls2486">change </span><span class="pp-class-383 pa t30759 l45069 ls1080">in </span><span class="pp-class-383 pa t30759 l45070 ls53">accounting </span><span class="pp-class-383 pa t30759 l45071 ls1150">policy </span><span class="pp-class-383 pa t30759 l45072">- </span><span class="pp-class-383 pa t30759 l45073 ls1323">IFRS </span><span class="pp-class-383 pa t30759 l45074 ls1073">16 </span><span class="pp-class-383 pa t30759 l45075 ls960">practical </span><span class="pp-class-383 pa t30759 l45076 ls4305">expedient</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30768 l3 ls1323">DFDS </span><span class="pp-class-382 pa t30768 l41618 ls1080">no </span><span class="pp-class-382 pa t30768 l45077 ls2486">longer </span><span class="pp-class-382 pa t30768 l45078 ls1237">applies </span><span class="pp-class-382 pa t30768 l45079 ls858">the </span><span class="pp-class-382 pa t30768 l45080 ls2760">practical </span><span class="pp-class-382 pa t30768 l45081 ls4299">expedient </span><span class="pp-class-382 pa t30768 l45082 ls830">not </span><span class="pp-class-382 pa t30768 l45083 ls1759">to </span><span class="pp-class-382 pa t30768 l45084 ls1859">account </span><span class="pp-class-382 pa t30768 l45085 ls3278">for </span><span class="pp-class-382 pa t30768 l45086 ls1772">each </span><span class="pp-class-382 pa t30768 l45087 ls1759">lease </span><span class="pp-class-382 pa t30768 l45088 ls1319">component </span><span class="pp-class-382 pa t30768 l45089 ls2486">within </span><span class="pp-class-382 pa t30768 l45090 ls1080">lease </span><span class="pp-class-382 pa t30774 l3 ls7694">contracts </span><span class="pp-class-382 pa t30774 l45091 ls21295">separately. </span><span class="pp-class-382 pa t30774 l45092 ls1323">DFDS </span><span class="pp-class-382 pa t30774 l45093 ls1150">now </span><span class="pp-class-382 pa t30774 l45094 ls3377">separates </span><span class="pp-class-382 pa t30774 l45095 ls1099">the </span><span class="pp-class-382 pa t30774 l45096 ls1323">non-lease </span><span class="pp-class-382 pa t30774 l45097 ls806">components </span><span class="pp-class-382 pa t30774 l45098 ls1243">from </span><span class="pp-class-382 pa t30774 l45099 ls858">the </span><span class="pp-class-382 pa t30774 l45100 ls1759">lease </span><span class="pp-class-382 pa t30774 l45101 ls806">components. </span><span class="pp-class-382 pa t30774 l45102 ls1080">In </span><span class="pp-class-382 pa t30774 l45103 ls1073">addition, </span><span class="pp-class-382 pa t30778 l3 ls1323">DFDS </span><span class="pp-class-382 pa t30778 l41618 ls858">has </span><span class="pp-class-382 pa t30778 l45104 ls3278">elected </span><span class="pp-class-382 pa t30778 l45105 ls1759">to </span><span class="pp-class-382 pa t30778 l45106 ls1080">no </span><span class="pp-class-382 pa t30778 l45107 ls2486">longer </span><span class="pp-class-382 pa t30778 l45108 ls238">capitalise </span><span class="pp-class-382 pa t30778 l45109 ls1859">short-term </span><span class="pp-class-382 pa t30778 l45110 ls2486">leases </span><span class="pp-class-382 pa t30778 l45111 ls103">of </span><span class="pp-class-382 pa t30778 l45112 ls1321">ferries, </span><span class="pp-class-382 pa t30778 l45113 ls858">but </span><span class="pp-class-382 pa t30778 l19226 ls650">only </span><span class="pp-class-382 pa t30778 l45114 ls1759">those </span><span class="pp-class-382 pa t30778 l45115 ls828">expected </span><span class="pp-class-382 pa t30778 l45116 ls1759">to </span><span class="pp-class-382 pa t30778 l45117 ls1080">be </span><span class="pp-class-382 pa t30778 l45118 ls3105">extended </span><span class="pp-class-382 pa t30873 l3 ls2944">resulting </span><span class="pp-class-382 pa t30873 l35516 ls1080">in </span><span class="pp-class-382 pa t30873 l3503 ls302">a </span><span class="pp-class-382 pa t30873 l45119 ls2889">total </span><span class="pp-class-382 pa t30873 l45120 ls1759">lease </span><span class="pp-class-382 pa t30873 l45121 ls1073">term </span><span class="pp-class-382 pa t30873 l45122 ls2145">exceeding </span><span class="pp-class-382 pa t30873 l45123 ls1080">12 </span><span class="pp-class-382 pa t30873 l23061 ls1073">months </span><span class="pp-class-382 pa t30873 l30043 ls1243">from </span><span class="pp-class-382 pa t30873 l45124 ls296">commencement </span><span class="pp-class-382 pa t30873 l45125 ls2688">date. </span><span class="pp-class-382 pa t30873 l45126 ls1099">The </span><span class="pp-class-382 pa t30873 l45127 ls2486">change </span><span class="pp-class-382 pa t30873 l45128 ls1080">is </span><span class="pp-class-382 pa t30873 l45129 ls2694">assessed </span><span class="pp-class-382 pa t30873 l45130 ls1759">to </span><span class="pp-class-382 pa t30873 l45131 ls3474">give </span><span class="pp-class-382 pa t30880 l3 ls1243">more </span><span class="pp-class-382 pa t30880 l40024 ls2132">relevant </span><span class="pp-class-382 pa t30880 l34735 ls1148">information </span><span class="pp-class-382 pa t30880 l45132 ls858">and </span><span class="pp-class-382 pa t30880 l45133 ls1080">is </span><span class="pp-class-382 pa t30880 l19079 ls3623">better </span><span class="pp-class-382 pa t30880 l45134 ls1237">aligned </span><span class="pp-class-382 pa t30880 l45135 ls1323">with </span><span class="pp-class-382 pa t30880 l45136 ls3623">market </span><span class="pp-class-382 pa t30880 l45137 ls2145">practice. </span><span class="pp-class-382 pa t30880 l45138 ls858">The </span><span class="pp-class-382 pa t30880 l45139 ls1237">changes </span><span class="pp-class-382 pa t30880 l45140 ls800">are </span><span class="pp-class-382 pa t30880 l45141 ls2970">considered </span><span class="pp-class-382 pa t30880 l45142 ls2486">change </span><span class="pp-class-382 pa t30880 l45143 ls278">in </span><span class="pp-class-382 pa t30885 l3 ls53">accounting </span><span class="pp-class-382 pa t30885 l11953 ls2889">policy </span><span class="pp-class-382 pa t30885 l27069 ls858">and </span><span class="pp-class-382 pa t30885 l4841 ls2145">comparative </span><span class="pp-class-382 pa t30885 l45144 ls1150">figures </span><span class="pp-class-382 pa t30885 l45145 ls185">have </span><span class="pp-class-382 pa t30885 l45146 ls1323">been </span><span class="pp-class-382 pa t30885 l45147 ls3458">restated </span><span class="pp-class-382 pa t30885 l45148 ls12399">retrospectively.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t45149 l3 ls2796">DFDS’s </span><span class="pp-class-382 pa t45149 l45150 ls9967">accounting </span><span class="pp-class-382 pa t45149 l45151 ls1864">policy </span><span class="pp-class-382 pa t45149 l45152 ls3105">has </span><span class="pp-class-382 pa t45149 l45153 ls7549">historically </span><span class="pp-class-382 pa t45149 l45154 ls1150">been </span><span class="pp-class-382 pa t45149 l45155 ls4305">not </span><span class="pp-class-382 pa t45149 l1346 ls2854">to </span><span class="pp-class-382 pa t45149 l45156 ls1314">separate </span><span class="pp-class-382 pa t45149 l45157 ls3105">the </span><span class="pp-class-382 pa t45149 l45158 ls1150">non-lease </span><span class="pp-class-382 pa t45149 l45159 ls4279">components </span><span class="pp-class-382 pa t45149 l45160 ls1057">from </span><span class="pp-class-382 pa t45149 l45161 ls3105">the </span><span class="pp-class-382 pa t45149 l45162 ls1772">lease </span><span class="pp-class-382 pa t45163 l3 ls4279">components </span><span class="pp-class-382 pa t45163 l45164 ls17717">(except </span><span class="pp-class-382 pa t45163 l45165 ls800">for </span><span class="pp-class-382 pa t45163 l29937 ls3630">terminals), </span><span class="pp-class-382 pa t45163 l45166 ls3105">and </span><span class="pp-class-382 pa t45163 l22629 ls650">instead </span><span class="pp-class-382 pa t45163 l45167 ls2854">to </span><span class="pp-class-382 pa t45163 l45168 ls3458">account </span><span class="pp-class-382 pa t45163 l45169 ls800">for </span><span class="pp-class-382 pa t45163 l45170 ls3105">the </span><span class="pp-class-382 pa t45163 l45171 ls2273">contracts </span><span class="pp-class-382 pa t45163 l45172 ls1772">in </span><span class="pp-class-382 pa t45163 l45173 ls3623">their </span><span class="pp-class-382 pa t45163 l45174 ls11558">entirety </span><span class="pp-class-382 pa t45163 l45175 ls1150">(the </span><span class="pp-class-382 pa t45163 l45176 ls2769">practical </span><span class="pp-class-382 pa t45177 l3 ls26">expedient). </span><span class="pp-class-382 pa t45177 l45178 ls1945">Furthermore, </span><span class="pp-class-382 pa t45177 l45179 ls53">short </span><span class="pp-class-382 pa t45177 l45180 ls4305">term </span><span class="pp-class-382 pa t45177 l34004 ls2787">leases </span><span class="pp-class-382 pa t45177 l45181 ls1974">(with </span><span class="pp-class-382 pa t45177 l45182 ls1099">a </span><span class="pp-class-382 pa t45177 l45183 ls4305">term </span><span class="pp-class-382 pa t45177 l45184 ls1864">below </span><span class="pp-class-382 pa t45177 l45185 ls3105">one </span><span class="pp-class-382 pa t45177 l45186 ls1864">year) </span><span class="pp-class-382 pa t45177 l45187 ls800">for </span><span class="pp-class-382 pa t45177 l45188 ls7096">ferries </span><span class="pp-class-382 pa t45177 l45189 ls1789">have </span><span class="pp-class-382 pa t45177 l45190 ls7549">historically </span><span class="pp-class-382 pa t45177 l45191 ls1073">been </span></p></div></div><div class="pp-class-10" id="pp-id-5038" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45192 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3 ls2955">recognised </span><span class="pp-class-382 pa t328 l5025 ls1772">on </span><span class="pp-class-382 pa t328 l45193 ls3105">the </span><span class="pp-class-382 pa t328 l45194 ls1194">balance </span><span class="pp-class-382 pa t328 l45195 ls2531">sheet </span><span class="pp-class-382 pa t328 l45196 ls1772">as </span><span class="pp-class-382 pa t328 l45197 ls1099">a </span><span class="pp-class-382 pa t328 l45198 ls3623">lease </span><span class="pp-class-382 pa t328 l45199 ls2149">liability </span><span class="pp-class-382 pa t328 l45200 ls3105">and </span><span class="pp-class-382 pa t328 l45201 ls1099">a </span><span class="pp-class-382 pa t328 l45202 ls2848">right-of-use </span><span class="pp-class-382 pa t328 l45203 ls2531">asset </span><span class="pp-class-382 pa t328 l45204 ls715">that </span><span class="pp-class-382 pa t328 l45205 ls1772">is </span><span class="pp-class-382 pa t328 l45206 ls3184">depreciated </span><span class="pp-class-382 pa t328 l45207 ls650">instead </span><span class="pp-class-382 pa t328 l45208 ls2482">of </span><span class="pp-class-382 pa t30568 l3 ls2132">expensing </span><span class="pp-class-382 pa t30568 l45209 ls3105">the </span><span class="pp-class-382 pa t30568 l45210 ls1974">lease </span><span class="pp-class-382 pa t30568 l29743 ls1150">cost </span><span class="pp-class-382 pa t30568 l45211 ls4343">directly </span><span class="pp-class-382 pa t30568 l45212 ls1772">in </span><span class="pp-class-382 pa t30568 l45213 ls3105">the </span><span class="pp-class-382 pa t30568 l45214 ls2787">income </span><span class="pp-class-382 pa t30568 l45215 ls185">statement.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30583 l3 ls1772">Had </span><span class="pp-class-382 pa t30583 l45216 ls858">the </span><span class="pp-class-382 pa t30583 l45217 ls2486">change </span><span class="pp-class-382 pa t30583 l45218 ls830">not </span><span class="pp-class-382 pa t30583 l45219 ls1323">been </span><span class="pp-class-382 pa t30583 l40594 ls1701">implemented, </span><span class="pp-class-382 pa t30583 l45220 ls1099">the </span><span class="pp-class-382 pa t30583 l45221 ls1080">31 </span><span class="pp-class-382 pa t30583 l45222 ls2694">December </span><span class="pp-class-382 pa t30583 l3386 ls1150">2024 </span><span class="pp-class-382 pa t30583 l45223 ls1316">right-of-use </span><span class="pp-class-382 pa t30583 l45224 ls238">assets </span><span class="pp-class-382 pa t30583 l45225 ls2142">would </span><span class="pp-class-382 pa t30583 l45226 ls185">have </span><span class="pp-class-382 pa t30583 l45227 ls1323">been </span><span class="pp-class-382 pa t30583 l45228 ls302">DKK </span><span class="pp-class-382 pa t30588 l3 ls1323">269m </span><span class="pp-class-382 pa t30588 l45229 ls2486">higher </span><span class="pp-class-382 pa t30588 l45230 ls858">and </span><span class="pp-class-382 pa t30588 l45231 ls1759">lease </span><span class="pp-class-382 pa t30588 l45232 ls1118">liabilities </span><span class="pp-class-382 pa t30588 l45233 ls858">DKK </span><span class="pp-class-382 pa t30588 l45234 ls1323">281m </span><span class="pp-class-382 pa t30588 l45235 ls3190">higher. </span><span class="pp-class-382 pa t30588 l45236 ls2760">Operating </span><span class="pp-class-382 pa t30588 l45237 ls1323">cost </span><span class="pp-class-382 pa t30588 l45238 ls1080">in </span><span class="pp-class-382 pa t30588 l45239 ls1150">2024 </span><span class="pp-class-382 pa t30588 l45240 ls2142">would </span><span class="pp-class-382 pa t30588 l45241 ls185">have </span><span class="pp-class-382 pa t30588 l45242 ls1323">been </span><span class="pp-class-382 pa t30588 l45243 ls646">lower </span><span class="pp-class-382 pa t30588 l45244 ls2784">by </span><span class="pp-class-382 pa t30588 l45245 ls302">DKK </span><span class="pp-class-382 pa t30593 l3 ls1759">155m. </span><span class="pp-class-382 pa t30593 l45246 ls3623">Depreciation </span><span class="pp-class-382 pa t30593 l45247 ls2142">would </span><span class="pp-class-382 pa t30593 l45248 ls1080">be </span><span class="pp-class-382 pa t30593 l45249 ls858">DKK </span><span class="pp-class-382 pa t30593 l45250 ls1323">152m </span><span class="pp-class-382 pa t30593 l45251 ls3190">higher. </span><span class="pp-class-382 pa t30593 l45252 ls1759">Minor </span><span class="pp-class-382 pa t30593 l45253 ls728">impact </span><span class="pp-class-382 pa t30593 l45254 ls103">of </span><span class="pp-class-382 pa t30593 l45255 ls1099">the </span><span class="pp-class-382 pa t30593 l45256 ls2486">change </span><span class="pp-class-382 pa t30593 l45257 ls1148">affects </span><span class="pp-class-382 pa t30593 l35379 ls1974">profit </span><span class="pp-class-382 pa t30593 l45258 ls2842">after </span><span class="pp-class-382 pa t30593 l45259 ls1073">tax, </span><span class="pp-class-382 pa t30593 l45260 ls5069">interest </span><span class="pp-class-382 pa t30606 l3 ls1110">cost, </span><span class="pp-class-382 pa t30606 l45261 ls1974">profit </span><span class="pp-class-382 pa t30606 l45262 ls1080">on </span><span class="pp-class-382 pa t30606 l45263 ls2694">disposal </span><span class="pp-class-382 pa t30606 l45264 ls103">of </span><span class="pp-class-382 pa t30606 l45265 ls1101">non-current </span><span class="pp-class-382 pa t30606 l45266 ls3474">assets, </span><span class="pp-class-382 pa t30606 l45267 ls3435">exchange </span><span class="pp-class-382 pa t30606 l45268 ls3216">rate </span><span class="pp-class-382 pa t30606 l45269 ls819">gain/loss, </span><span class="pp-class-382 pa t30606 l20629 ls1150">prepaid </span><span class="pp-class-382 pa t30606 l45270 ls1323">cost </span><span class="pp-class-382 pa t30606 l45271 ls858">and </span><span class="pp-class-382 pa t30606 l45272 ls296">other </span><span class="pp-class-382 pa t30606 l45273 ls1243">payables.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30622 l3 ls2842">Impact </span><span class="pp-class-383 pa t30622 l45274 ls1080">of </span><span class="pp-class-383 pa t30622 l45275 ls806">amendments </span><span class="pp-class-383 pa t30622 l45276 ls1080">to </span><span class="pp-class-383 pa t30622 l45277 ls8853">IAS </span><span class="pp-class-383 pa t30622 l45278 ls302">1 </span><span class="pp-class-383 pa t30622 l45279 ls858">and </span><span class="pp-class-383 pa t30622 l45280 ls2486">change </span><span class="pp-class-383 pa t30622 l45281 ls1080">in </span><span class="pp-class-383 pa t30622 l45282 ls1323">IFRS </span><span class="pp-class-383 pa t30622 l45283 ls1073">16 </span><span class="pp-class-383 pa t30622 l45284 ls53">accounting </span><span class="pp-class-383 pa t30622 l45285 ls1083">policy</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30628 l3 ls858">The </span><span class="pp-class-382 pa t30628 l16631 ls4299">following </span><span class="pp-class-382 pa t30628 l45286 ls1319">tables </span><span class="pp-class-382 pa t30628 l30624 ls1073">summarise </span><span class="pp-class-382 pa t30628 l45287 ls858">the </span><span class="pp-class-382 pa t30628 l45288 ls728">impact </span><span class="pp-class-382 pa t30628 l45289 ls103">of </span><span class="pp-class-382 pa t30628 l28534 ls858">the </span><span class="pp-class-382 pa t30628 l45290 ls1237">changes </span><span class="pp-class-382 pa t30628 l45291 ls960">requiring </span><span class="pp-class-382 pa t30628 l45292 ls7855">restatement </span><span class="pp-class-382 pa t30628 l45293 ls1080">on </span><span class="pp-class-382 pa t30628 l25406 ls858">the </span><span class="pp-class-382 pa t30628 l45294 ls1243">Group's </span><span class="pp-class-382 pa t30628 l45295 ls2489">consolidated </span><span class="pp-class-382 pa t30634 l3 ls1073">financial </span><span class="pp-class-382 pa t30634 l4513 ls1244">statements.</span></p></div></div><div id="pp-id-5039" xmlns="http://www.w3.org/1999/xhtml"><div class="w45296 h45297 pa t2 l3 wtro4 xx65 tro6 xx66"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t2738 l3">Income </span><span class="pp-class-383 pa t2738 l2752 ls254">statement </span><span class="pp-class-382 pa t2738 l45298 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45299 l45300">Full </span><span class="pp-class-373 pa t45299 l45301 ls68">year </span><span class="pp-class-373 pa t45302 l45303">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45304 l3">DKK </span><span class="pp-class-372 pa t45304 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45304 l45305 ls166">As </span><span class="pp-class-373 pa t45304 l45306 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45307 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45304 l45309">IFRS </span><span class="pp-class-373 pa t45304 l45310 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45304 l45311 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l3 ls93">Ferry </span><span class="pp-class-372 pa t45312 l9449">and </span><span class="pp-class-372 pa t45312 l19142 ls72">other </span><span class="pp-class-372 pa t45312 l42314">ship </span><span class="pp-class-372 pa t45312 l32710 ls110">operation </span><span class="pp-class-372 pa t45312 l42315">and </span><span class="pp-class-372 pa t45312 l42316 ls842">maintenance</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l45313 ls1194">5,485 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l45314">112 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l45315 ls10900">5,597 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l3 ls980">Port </span><span class="pp-class-372 pa t45316 l42320 ls982">terminal </span><span class="pp-class-372 pa t45316 l42321 ls110">operations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l45317 ls214">3,264 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l45318">-1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l45319 ls214">3,263 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l3 ls2142">Transport </span><span class="pp-class-372 pa t45320 l40530 ls96">solutions </span><span class="pp-class-372 pa t45320 l42325">and </span><span class="pp-class-372 pa t45320 l16558 ls897">warehouse </span><span class="pp-class-372 pa t45320 l42326 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l44968 ls10734">6,743 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l45321">33 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l45322 ls15093">6,776 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l3">Cost </span><span class="pp-class-372 pa t45323 l42333 ls287">of </span><span class="pp-class-372 pa t45323 l34502">sales, </span><span class="pp-class-372 pa t45323 l30915 ls671">general </span><span class="pp-class-372 pa t45323 l42334">and </span><span class="pp-class-372 pa t45323 l8839 ls884">administration</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l45324">1,206 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l45325">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l45326">1,206 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45327 l3 ls134">Operating </span><span class="pp-class-373 pa t45327 l42338 ls287">profit </span><span class="pp-class-373 pa t45327 l13972 ls332">before </span><span class="pp-class-373 pa t45327 l42339 ls854">depreciation </span><span class="pp-class-373 pa t45327 l42340">and </span><span class="pp-class-373 pa t45327 l42341 ls90">amortisation </span><span class="pp-class-373 pa t45328 l3 ls225">(EBITDA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45328 l45329 ls1150">5,034 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45328 l45330 ls150">-144 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45328 l45331 ls225">4,890 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l3 ls225">Profit </span><span class="pp-class-372 pa t45332 l2931">on </span><span class="pp-class-372 pa t45332 l42353">disposal </span><span class="pp-class-372 pa t45332 l42354 ls287">of </span><span class="pp-class-372 pa t45332 l42355 ls171">non-current </span><span class="pp-class-372 pa t45332 l42356 ls37">assets, </span><span class="pp-class-372 pa t45332 l42357 ls913">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l45333">111 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l45334">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l45335">113 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l3 ls278">Depreciation </span><span class="pp-class-372 pa t45336 l8535">on </span><span class="pp-class-372 pa t45336 l42361 ls907">tangibles </span><span class="pp-class-372 pa t45336 l42362">and </span><span class="pp-class-372 pa t45336 l42363 ls931">right-of-use </span><span class="pp-class-372 pa t45336 l40470 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l43899 ls858">2,615 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l45337 ls81">-142 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l45338 ls9272">2,473 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l3 ls134">Operating </span><span class="pp-class-373 pa t45339 l42338 ls287">profit </span><span class="pp-class-373 pa t45339 l13972 ls332">before </span><span class="pp-class-373 pa t45339 l42339 ls90">amortisation </span><span class="pp-class-373 pa t45339 l42373 ls2784">(EBITA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l45340 ls274">2,504 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l45341"/><span class="pp-class-373 pa t45339 l45342">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l45343 ls274">2,504 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l3 ls134">Operating </span><span class="pp-class-373 pa t45344 l42338 ls287">profit </span><span class="pp-class-373 pa t45344 l13972">(EBIT)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l45345 ls997">2,326 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l45342">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l45346 ls997">2,326 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l3">Financial </span><span class="pp-class-372 pa t45347 l2916">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l45348">80 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l45325">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l45349">80 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l3">Financial </span><span class="pp-class-372 pa t45350 l2916">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l45351 ls866">753 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l45352 ls180">-14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l45353 ls230">739 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l3 ls287">Profit </span><span class="pp-class-373 pa t45354 l42390 ls332">before </span><span class="pp-class-373 pa t45354 l42391 ls128">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l45355 ls85">1,652 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l45356 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l45357 ls1305">1,667 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l3 ls3102">Tax </span><span class="pp-class-372 pa t45358 l42395">on </span><span class="pp-class-372 pa t45358 l42396 ls124">profit</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l45359 ls180">148 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l45325">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l45360 ls180">148 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l3 ls287">Profit </span><span class="pp-class-373 pa t45361 l42390 ls175">for </span><span class="pp-class-373 pa t45361 l42400">the </span><span class="pp-class-373 pa t45361 l42401 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l45362 ls274">1,505 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l45356 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l45363 ls274">1,519 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45364 l3 ls39">Attributable </span><span class="pp-class-372 pa t45364 l45365 ls166">to:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l3 ls193">Equity </span><span class="pp-class-372 pa t45366 l3205">holders </span><span class="pp-class-372 pa t45366 l42408 ls287">of </span><span class="pp-class-372 pa t45366 l6798">DFDS </span><span class="pp-class-372 pa t45366 l42291 ls1065">A/S</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l45367 ls1110">1,501 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l45368 ls2835">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l45369 ls1305">1,516 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l3 ls944">Non-controlling </span><span class="pp-class-372 pa t45370 l42412 ls884">interests</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l45371">3 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l45372"/><span class="pp-class-372 pa t45370 l45325">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l45373">3 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l3 ls2459">Total </span><span class="pp-class-373 pa t45374 l29712 ls241">comprehensive </span><span class="pp-class-373 pa t45374 l29018">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l45375 ls997">1,343 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l45356 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l45376 ls1941">1,357 </span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5040" xmlns="http://www.w3.org/1999/xhtml"><div class="w45377 h45378 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">New </span><span class="pp-class-370 pa t21055 l44734 ls128">accounting </span><span class="pp-class-370 pa t21055 l44735">policies </span><span class="pp-class-370 pa t21055 l44736">and </span><span class="pp-class-370 pa t21055 l44737 ls254">disclosures </span><span class="pp-class-371 pa t21055 l45379 ls155">(continued)</span></p></div></div><div id="pp-id-5041" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45380 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls813">Balance </span><span class="pp-class-383 pa t328 l29343 ls907">sheet </span><span class="pp-class-382 pa t328 l45381 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45382 l45383">31 </span><span class="pp-class-373 pa t45382 l45384">December </span><span class="pp-class-373 pa t45385 l44588">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45386 l3">DKK </span><span class="pp-class-372 pa t45386 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45387 ls166">As </span><span class="pp-class-373 pa t45386 l45388 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45389 l45390 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45391">IFRS </span><span class="pp-class-373 pa t45386 l45392 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45393 ls180">IAS </span><span class="pp-class-373 pa t45386 l45394">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45395 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45396 l3 ls193">Assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l3 ls931">Right-of-use </span><span class="pp-class-372 pa t45397 l42662 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l45398 ls2760">5,826 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l45399">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l45400 ls650">5,600 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l3 ls193">Non-current </span><span class="pp-class-373 pa t45401 l42630 ls842">tangible </span><span class="pp-class-373 pa t45401 l42667 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l45402 ls203">21,543 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l45404 ls650">21,317 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l3 ls2459">Total </span><span class="pp-class-373 pa t45405 l29712 ls193">non-current </span><span class="pp-class-373 pa t45405 l42707 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l45406 ls869">28,918 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l45407 ls1305">28,691 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l3 ls193">Assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l45409 ls858">34,873 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l45410 ls7752">34,647 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45411 l3 ls193">Equity </span><span class="pp-class-373 pa t45411 l42769">and </span><span class="pp-class-373 pa t45411 l17236">liabilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l3 ls193">Retained </span><span class="pp-class-372 pa t45412 l42764">earnings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l45413 ls85">13,105 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l45414 ls2835">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l45415 ls302">13,119 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l3 ls193">Equity </span><span class="pp-class-373 pa t45416 l42769 ls671">attributable </span><span class="pp-class-373 pa t45416 l42770">to </span><span class="pp-class-373 pa t45416 l42771">equity </span><span class="pp-class-373 pa t45416 l42772 ls813">holders </span><span class="pp-class-373 pa t45416 l42773">of </span><span class="pp-class-373 pa t45416 l42774">DFDS </span><span class="pp-class-373 pa t45416 l17626 ls1955">A/S</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l45417 ls1110">13,827 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l45418 ls124">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l45419 ls5558">13,840 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l3 ls1264">Equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l45421 ls869">13,918 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l45418 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l45422 ls1110">13,932 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45423 l42787">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45424 ls214">13,134</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45425">-132</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45426">600</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45427 ls2970">13,602 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l3 ls180">Deferred </span><span class="pp-class-372 pa t45428 l42688 ls166">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l45429">467</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l45430">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l45431">468 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l3 ls193">Non-current </span><span class="pp-class-373 pa t45432 l42630">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45433 ls31888">13,756 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45434">-131 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45435">600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45436 ls1264">14,225</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45437 l42787">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45438 ls88">2,336</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45439 ls128">-109 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45440">-600</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45441 ls688">1,627</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l3 ls128">Current </span><span class="pp-class-373 pa t45442 l42730">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45443 ls1734">7,199 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45444 ls150">-109</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45445">-600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45446 ls1309">6,491 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l3">Liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l45448 ls2113">20,955 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l45449 ls128">-240 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l45450 ls3539">20,715 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l3 ls193">Equity </span><span class="pp-class-373 pa t45451 l42769">and </span><span class="pp-class-373 pa t45451 l17236">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l45409 ls858">34,873 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l45410 ls7752">34,647 </span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5042" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45452 pa t2 l3 wtro4 xx335 tro6 xx336"><div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t328 l3 ls813">Balance </span><span class="pp-class-383 pa t328 l29343 ls907">sheet </span><span class="pp-class-382 pa t328 l45381 ls8853">(extract)</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45382 l45453">1 </span><span class="pp-class-373 pa t45382 l45454 ls1531">January </span><span class="pp-class-373 pa t45385 l45455">2023</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45386 l3">DKK </span><span class="pp-class-372 pa t45386 l2737">million</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45386 l45305 ls166">As </span><span class="pp-class-373 pa t45386 l45306 ls37">reported</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45389 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45386 l45456">IFRS </span><span class="pp-class-373 pa t45386 l45457 ls138">16</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45386 l45311 ls78">Restated</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45396 l3 ls193">Assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l3 ls931">Right-of-use </span><span class="pp-class-372 pa t45397 l42662 ls72">assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l45458 ls858">4,648 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l45459">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l45460 ls1298">4,442</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l3 ls193">Non-current </span><span class="pp-class-373 pa t45401 l42630 ls842">tangible </span><span class="pp-class-373 pa t45401 l42667 ls907">assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l45461 ls332">21,197 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l45463 ls1083">20,991</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l3 ls2459">Total </span><span class="pp-class-373 pa t45405 l29712 ls193">non-current </span><span class="pp-class-373 pa t45405 l42707 ls907">assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l45464 ls182">28,141 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l45465 ls42711">27,935</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l3 ls193">Assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l45466 ls1252">34,084 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l45467 ls3477">33,878</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45411 l3 ls193">Equity </span><span class="pp-class-373 pa t45411 l42769">and </span><span class="pp-class-373 pa t45411 l17236">liabilities </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l3 ls193">Retained </span><span class="pp-class-372 pa t45412 l42764">earnings</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l45468">12,133 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l45469">0 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l45470">12,133</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l3 ls193">Equity </span><span class="pp-class-373 pa t45416 l42769 ls671">attributable </span><span class="pp-class-373 pa t45416 l42770">to </span><span class="pp-class-373 pa t45416 l42771">equity </span><span class="pp-class-373 pa t45416 l42772 ls813">holders </span><span class="pp-class-373 pa t45416 l42773">of </span><span class="pp-class-373 pa t45416 l42774">DFDS </span><span class="pp-class-373 pa t45416 l17626 ls1955">A/S</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l45471 ls1305">13,022 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l45342">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l45472 ls53">13,022</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l3 ls1264">Equity</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l45473 ls278">13,135 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l45342">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l45474 ls225">13,135</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45423 l42787">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l45475 ls1257">12,397</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l45476 ls134">-87</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l45477 ls1065">12,310</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l3 ls180">Deferred </span><span class="pp-class-372 pa t45428 l42688 ls166">tax</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l45478">359</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l45469">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l45479">359</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l3 ls193">Non-current </span><span class="pp-class-373 pa t45432 l42630">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l45480 ls278">12,896 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l45481 ls332">-87 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l45482 ls225">12,809</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45437 l42787">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l45483 ls830">3,137</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l45484">-119 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l45485 ls3184">3,018</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l3 ls128">Current </span><span class="pp-class-373 pa t45442 l42730">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l45486 ls53">8,053 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l45487">-119</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l45488 ls742">7,933</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l3">Liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l45489 ls2113">20,949 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l45490 ls3152">20,742</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l3 ls193">Equity </span><span class="pp-class-373 pa t45451 l42769">and </span><span class="pp-class-373 pa t45451 l17236">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l45466 ls1252">34,084 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l45467 ls3477">33,878</span></p></div></div></div></div><div class="pp-class-10" id="pp-id-5043" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45378 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">New </span><span class="pp-class-370 pa t21055 l44734 ls128">accounting </span><span class="pp-class-370 pa t21055 l44735">policies </span><span class="pp-class-370 pa t21055 l44736">and </span><span class="pp-class-370 pa t21055 l44737 ls254">disclosures </span><span class="pp-class-371 pa t21055 l45379 ls155">(continued)</span></p></div></div><div id="pp-id-5044" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45492 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls254">Statement </span><span class="pp-class-383 pa t328 l10866">of </span><span class="pp-class-383 pa t328 l45493">cash </span><span class="pp-class-383 pa t328 l45494 ls214">flows </span><span class="pp-class-382 pa t328 l45495 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45496 l45300">Full </span><span class="pp-class-373 pa t45496 l45301 ls68">year </span><span class="pp-class-373 pa t45497 l45303">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45498 l3">DKK </span><span class="pp-class-372 pa t45498 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45498 l45305 ls166">As </span><span class="pp-class-373 pa t45498 l45306 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45499 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45498 l45309">IFRS </span><span class="pp-class-373 pa t45498 l45310 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45498 l45311 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45500 l3 ls134">Operating </span><span class="pp-class-373 pa t45500 l42338 ls287">profit </span><span class="pp-class-373 pa t45500 l13972 ls332">before </span><span class="pp-class-373 pa t45500 l42339 ls854">depreciation </span><span class="pp-class-373 pa t45500 l42340">and </span><span class="pp-class-373 pa t45500 l42341 ls90">amortisation </span><span class="pp-class-373 pa t45501 l3 ls225">(EBITDA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45501 l45329 ls1150">5,034 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45501 l45330 ls150">-144 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45501 l45331 ls225">4,890 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l3 ls884">Interest </span><span class="pp-class-372 pa t45502 l14027 ls138">etc., </span><span class="pp-class-372 pa t45502 l29349">paid</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l45503 ls978">-734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l45504">9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l45505 ls16">-725 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t45506 l3 ls1323">Cash </span><span class="pp-class-383 pa t45506 l45507 ls7094">flows </span><span class="pp-class-383 pa t45506 l16515 ls688">from </span><span class="pp-class-383 pa t45506 l45508 ls2784">operating </span><span class="pp-class-383 pa t45506 l45509 ls53">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45506 l45510 ls1257">3,811 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45506 l45511">-135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45506 l45512 ls2796">3,675 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l3 ls241">Free </span><span class="pp-class-373 pa t45513 l43219">cash </span><span class="pp-class-373 pa t45513 l43220 ls103">flows</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l45486 ls85">2,662 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l45511">-135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l45514 ls274">2,526 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l3 ls124">Payment </span><span class="pp-class-372 pa t45515 l8696 ls287">of </span><span class="pp-class-372 pa t45515 l43137">lease </span><span class="pp-class-372 pa t45515 l43262">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l45516">-935 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l45517">135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l45518 ls128">-799 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l3">Cash </span><span class="pp-class-373 pa t45519 l3012 ls214">flows </span><span class="pp-class-373 pa t45519 l43152 ls241">from </span><span class="pp-class-373 pa t45519 l43153 ls2548">financing </span><span class="pp-class-373 pa t45519 l43295 ls193">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l45520 ls278">-3,115 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l45521">135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l45522 ls225">-2,980 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l3 ls813">Net </span><span class="pp-class-373 pa t45523 l43299">cash </span><span class="pp-class-373 pa t45523 l19674 ls103">flows</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l45524">-454 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l45341"/><span class="pp-class-373 pa t45523 l45342">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l45525">-454 </span></p></td></tr></table></div></div><div id="pp-id-5045" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45526 pa t2 l3 wtro4 xx65 tro6 xx66"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t2738 l3 ls2143">Key </span><span class="pp-class-383 pa t2738 l3076 ls2329">figures </span><span class="pp-class-382 pa t2738 l45527 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45528 l45300">Full </span><span class="pp-class-373 pa t45528 l45301 ls68">year </span><span class="pp-class-373 pa t45529 l45303">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45530 l3">DKK </span><span class="pp-class-372 pa t45530 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45530 l45305 ls166">As </span><span class="pp-class-373 pa t45530 l45306 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45531 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45530 l45309">IFRS </span><span class="pp-class-373 pa t45530 l45310 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45530 l45311 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l3 ls150">Net </span><span class="pp-class-372 pa t45532 l45533 ls225">interest-bearing </span><span class="pp-class-372 pa t45532 l45534 ls150">debt</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l45535 ls1305">14,689 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l45536"/><span class="pp-class-372 pa t45532 l45537 ls302">-241</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l45538 ls1309">14,449 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l3 ls884">Invested </span><span class="pp-class-372 pa t45539 l2993 ls982">capital, </span><span class="pp-class-372 pa t45539 l2994">end </span><span class="pp-class-372 pa t45539 l2995 ls287">of </span><span class="pp-class-372 pa t45539 l2996">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l45540 ls2970">28,996 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l45541"/><span class="pp-class-372 pa t45539 l45542">-226</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l45543 ls3003">28,770 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l3 ls258">ROIC </span><span class="pp-class-372 pa t45544 l8617 ls658">before </span><span class="pp-class-372 pa t45544 l8618 ls37">acquisition </span><span class="pp-class-372 pa t45544 l8619 ls842">intangibles </span><span class="pp-class-372 pa t45544 l45545 ls193">(ROIC </span><span class="pp-class-372 pa t45544 l44024 ls166">BAI), </span><span class="pp-class-372 pa t45544 l45546">%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l45547 ls6100">10.4 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l45548 ls2805">0.1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l45549 ls22674">10.5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l3 ls175">Return </span><span class="pp-class-372 pa t45550 l3141">on </span><span class="pp-class-372 pa t45550 l3142 ls884">invested </span><span class="pp-class-372 pa t45550 l3143 ls96">capital </span><span class="pp-class-372 pa t45550 l3144 ls124">(ROIC), </span><span class="pp-class-372 pa t45550 l45551">%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l45552 ls3149">7.6 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l45553 ls3102">0.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l45554 ls3149">7.6 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l3">Financial </span><span class="pp-class-372 pa t45555 l2916 ls1224">leverage, </span><span class="pp-class-372 pa t45555 l45556">times</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l45557 ls3105">2.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l45553 ls656">0.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l45558 ls3105">2.9 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l3 ls175">Earnings </span><span class="pp-class-372 pa t45559 l3218">per </span><span class="pp-class-372 pa t45559 l3219 ls110">share </span><span class="pp-class-372 pa t45559 l3220 ls93">(EPS), </span><span class="pp-class-372 pa t45559 l45560">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l45561 ls3241">26.64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l45562 ls650">0.25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l45563 ls2955">26.89</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l3 ls90">Diluted </span><span class="pp-class-372 pa t45564 l42428">earnings </span><span class="pp-class-372 pa t45564 l28571">per </span><span class="pp-class-372 pa t45564 l42429 ls110">share </span><span class="pp-class-372 pa t45564 l42430 ls1259">(EPS-D), </span><span class="pp-class-372 pa t45564 l36556">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l45313 ls3435">26.58 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l45562 ls1150">0.25 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l45565 ls2760">26.83 </span></p></td></tr></table></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5097" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h46546 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls1118">segment </span><span class="pp-class-382 pa t29793 l44518 ls1148">information </span><span class="pp-class-382 pa t29793 l46547 ls858">has </span><span class="pp-class-382 pa t29793 l46548 ls1323">been </span><span class="pp-class-382 pa t29793 l46549 ls2694">compiled </span><span class="pp-class-382 pa t29793 l46550 ls1080">in </span><span class="pp-class-382 pa t29793 l46551 ls3477">conformity </span><span class="pp-class-382 pa t29793 l46552 ls1323">with </span><span class="pp-class-382 pa t29793 l46553 ls1099">the </span><span class="pp-class-382 pa t29793 l46554 ls1015">Group’s </span><span class="pp-class-382 pa t29793 l46555 ls53">accounting </span><span class="pp-class-382 pa t29793 l46556 ls2694">policies </span><span class="pp-class-382 pa t29793 l46557 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls1080">is </span><span class="pp-class-382 pa t29798 l46558 ls1080">in </span><span class="pp-class-382 pa t29798 l46559 ls852">accordance </span><span class="pp-class-382 pa t29798 l17690 ls1323">with </span><span class="pp-class-382 pa t29798 l17658 ls858">the </span><span class="pp-class-382 pa t29798 l46560 ls4275">internal </span><span class="pp-class-382 pa t29798 l46561 ls53">management </span><span class="pp-class-382 pa t29798 l17622 ls1859">reports.</span></p></div></div><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46726 l3 ls10809 wtro3159 wtr1724 tro3160 tr1725">Revenue </span><span class="pp-class-382 pa t46726 l46727 ls9827 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46726 l46728 ls3158 wtro3159 wtr1724 tro3160 tr1725">transport </span><span class="pp-class-382 pa t46726 l46729 ls4305 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46726 l46730 ls3123 wtro3159 wtr1724 tro3160 tr1725">passengers, </span><span class="pp-class-382 pa t46726 l46731 ls3190 wtro3159 wtr1724 tro3160 tr1725">freight </span><span class="pp-class-382 pa t46726 l46732 ls2145 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46726 l46733 ls9827 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46726 l46734 ls1734 wtro3159 wtr1724 tro3160 tr1725">rendering </span><span class="pp-class-382 pa t46726 l46735 ls195 wtro3159 wtr1724 tro3160 tr1725">terminal </span><span class="pp-class-382 pa t46726 l46736 ls2145 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46726 l46737 ls3446 wtro3159 wtr1724 tro3160 tr1725">warehouse </span><span class="pp-class-382 pa t46726 l46738 ls1945 wtro3159 wtr1724 tro3160 tr1725">services </span><span class="pp-class-382 pa t46726 l46739 ls3362 wtro3159 wtr1724 tro3160 tr1725">etc., </span><span class="pp-class-382 pa t46726 l46740 ls1065 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46741 l3 ls1314 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t46741 l46742 ls1150 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t46741 l27985 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46743 ls1864 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t46741 l46744 ls719 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t46741 l46745 ls10900 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t46741 l46746 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46747 ls864 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t46741 l46748 ls1083 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46741 l46749 ls3230 wtro3159 wtr1724 tro3160 tr1725">delivery </span><span class="pp-class-382 pa t46741 l46750 ls1083 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46741 l46751 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46752 ls2145 wtro3159 wtr1724 tro3160 tr1725">service </span><span class="pp-class-382 pa t46741 l46753 ls2531 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t46741 l46754 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46755 ls14556 wtro3159 wtr1724 tro3160 tr1725">customer, </span><span class="pp-class-382 pa t46741 l46756 ls650 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t46741 l46757 ls1150 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46741 l46758 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46759 ls1101 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t46760 l3 ls3362 wtro3159 wtr1724 tro3160 tr1725">where </span><span class="pp-class-382 pa t46760 l4459 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46760 l46761 ls1722 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t46760 l46762 ls1150 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46760 l46763 ls21295 wtro3159 wtr1724 tro3160 tr1725">transferred </span><span class="pp-class-382 pa t46760 l46764 ls2688 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46760 l46765 ls864 wtro3159 wtr1724 tro3160 tr1725">when </span><span class="pp-class-382 pa t46760 l46766 ls1535 wtro3159 wtr1724 tro3160 tr1725">each </span><span class="pp-class-382 pa t46760 l46767 ls1952 wtro3159 wtr1724 tro3160 tr1725">separate </span><span class="pp-class-382 pa t46760 l46768 ls3123 wtro3159 wtr1724 tro3160 tr1725">performance </span><span class="pp-class-382 pa t46760 l46769 ls1085 wtro3159 wtr1724 tro3160 tr1725">obligation </span><span class="pp-class-382 pa t46760 l46770 ls1150 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t46760 l46771 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46760 l46772 ls7470 wtro3159 wtr1724 tro3160 tr1725">customer </span><span class="pp-class-382 pa t46760 l46773 ls46774 wtro3159 wtr1724 tro3160 tr1725">contract </span><span class="pp-class-382 pa t46775 l3 ls128 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46775 l46776 ls16 wtro3159 wtr1724 tro3160 tr1725">fulfilled </span><span class="pp-class-382 pa t46775 l46777 ls88 wtro3159 wtr1724 tro3160 tr1725">following </span><span class="pp-class-382 pa t46775 l46778 ls1005 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46775 l46779 ls296 wtro3159 wtr1724 tro3160 tr1725">“over-time </span><span class="pp-class-382 pa t46775 l46780 ls800 wtro3159 wtr1724 tro3160 tr1725">principle”. </span><span class="pp-class-382 pa t46775 l46781 ls171 wtro3159 wtr1724 tro3160 tr1725">Some </span><span class="pp-class-382 pa t46775 l46782 ls913 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46775 l46783 ls1005 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46775 l46784 ls913 wtro3159 wtr1724 tro3160 tr1725">ferry </span><span class="pp-class-382 pa t46775 l46785 ls1005 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46775 l46786 ls34 wtro3159 wtr1724 tro3160 tr1725">freight </span><span class="pp-class-382 pa t46775 l46787 ls168 wtro3159 wtr1724 tro3160 tr1725">transports </span><span class="pp-class-382 pa t46775 l46788 ls3278 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t46775 l46789 ls1264 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t46775 l46790 ls76 wtro3159 wtr1724 tro3160 tr1725">series </span><span class="pp-class-382 pa t46775 l46791 ls193 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46792 l3 ls1321 wtro3159 wtr1724 tro3160 tr1725">performance </span><span class="pp-class-382 pa t46792 l46793 ls2113 wtro3159 wtr1724 tro3160 tr1725">obligations, </span><span class="pp-class-382 pa t46792 l46794 ls1099 wtro3159 wtr1724 tro3160 tr1725">but </span><span class="pp-class-382 pa t46792 l46795 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t46792 l46796 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46792 l46797 ls2531 wtro3159 wtr1724 tro3160 tr1725">duration </span><span class="pp-class-382 pa t46792 l46798 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46792 l46799 ls1759 wtro3159 wtr1724 tro3160 tr1725">these </span><span class="pp-class-382 pa t46792 l46800 ls53 wtro3159 wtr1724 tro3160 tr1725">transports </span><span class="pp-class-382 pa t46792 l46801 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46792 l46802 ls155 wtro3159 wtr1724 tro3160 tr1725">short </span><span class="pp-class-382 pa t46792 l46803 ls1073 wtro3159 wtr1724 tro3160 tr1725">term </span><span class="pp-class-382 pa t46792 l46804 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46792 l46805 ls728 wtro3159 wtr1724 tro3160 tr1725">impact </span><span class="pp-class-382 pa t46792 l46806 ls1243 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46792 l46807 ls3474 wtro3159 wtr1724 tro3160 tr1725">splitting </span><span class="pp-class-382 pa t46808 l3 ls1759 wtro3159 wtr1724 tro3160 tr1725">these </span><span class="pp-class-382 pa t46808 l46809 ls7694 wtro3159 wtr1724 tro3160 tr1725">contracts </span><span class="pp-class-382 pa t46808 l36247 ls3474 wtro3159 wtr1724 tro3160 tr1725">into </span><span class="pp-class-382 pa t46808 l46810 ls688 wtro3159 wtr1724 tro3160 tr1725">“distinct </span><span class="pp-class-382 pa t46808 l46811 ls56 wtro3159 wtr1724 tro3160 tr1725">services” </span><span class="pp-class-382 pa t46808 l46812 ls1323 wtro3159 wtr1724 tro3160 tr1725">will </span><span class="pp-class-382 pa t46808 l46813 ls830 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t46808 l46814 ls185 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t46808 l46815 ls2142 wtro3159 wtr1724 tro3160 tr1725">material </span><span class="pp-class-382 pa t46808 l46816 ls1772 wtro3159 wtr1724 tro3160 tr1725">impact. </span><span class="pp-class-382 pa t46808 l46817 ls1323 wtro3159 wtr1724 tro3160 tr1725">Most </span><span class="pp-class-382 pa t46808 l46818 ls53 wtro3159 wtr1724 tro3160 tr1725">transports </span><span class="pp-class-382 pa t46808 l46819 ls1237 wtro3159 wtr1724 tro3160 tr1725">carried </span><span class="pp-class-382 pa t46808 l46820 ls858 wtro3159 wtr1724 tro3160 tr1725">out </span><span class="pp-class-382 pa t46808 l46821 ls2784 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t46808 l46822 ls302 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46823 l3 ls14357 wtro3159 wtr1724 tro3160 tr1725">Ferry </span><span class="pp-class-382 pa t46823 l46824 ls5258 wtro3159 wtr1724 tro3160 tr1725">Division </span><span class="pp-class-382 pa t46823 l33768 ls18578 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46823 l46825 ls23508 wtro3159 wtr1724 tro3160 tr1725">characterised </span><span class="pp-class-382 pa t46823 l46826 ls14077 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t46823 l46827 ls1314 wtro3159 wtr1724 tro3160 tr1725">short </span><span class="pp-class-382 pa t46823 l46828 ls18761 wtro3159 wtr1724 tro3160 tr1725">delivery </span><span class="pp-class-382 pa t46823 l46829 ls2805 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t46823 l46830 ls4343 wtro3159 wtr1724 tro3160 tr1725">(most </span><span class="pp-class-382 pa t46823 l46831 ls5258 wtro3159 wtr1724 tro3160 tr1725">sailings </span><span class="pp-class-382 pa t46823 l33754 ls18578 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46823 l46832 ls2805 wtro3159 wtr1724 tro3160 tr1725">less </span><span class="pp-class-382 pa t46823 l20489 ls2805 wtro3159 wtr1724 tro3160 tr1725">than </span><span class="pp-class-382 pa t46823 l46833 ls3230 wtro3159 wtr1724 tro3160 tr1725">30 </span><span class="pp-class-382 pa t46823 l46834 ls4343 wtro3159 wtr1724 tro3160 tr1725">hours </span><span class="pp-class-382 pa t46823 l46835 ls4343 wtro3159 wtr1724 tro3160 tr1725">while </span><span class="pp-class-382 pa t46823 l24965 ls5258 wtro3159 wtr1724 tro3160 tr1725">sailings </span><span class="pp-class-382 pa t46823 l46836 ls2147 wtro3159 wtr1724 tro3160 tr1725">to/</span><span class="pp-class-382 pa t46837 l3 ls37002 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46837 l38342 ls15767 wtro3159 wtr1724 tro3160 tr1725">Türkiye </span><span class="pp-class-382 pa t46837 l46838 ls20054 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46837 l46839 ls2459 wtro3159 wtr1724 tro3160 tr1725">up </span><span class="pp-class-382 pa t46837 l46840 ls3382 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t46837 l21830 ls1736 wtro3159 wtr1724 tro3160 tr1725">72 </span><span class="pp-class-382 pa t46837 l12033 ls14385 wtro3159 wtr1724 tro3160 tr1725">hours). </span><span class="pp-class-382 pa t46837 l46841 ls29312 wtro3159 wtr1724 tro3160 tr1725">Transports </span><span class="pp-class-382 pa t46837 l46842 ls8446 wtro3159 wtr1724 tro3160 tr1725">carried </span><span class="pp-class-382 pa t46837 l46843 ls1057 wtro3159 wtr1724 tro3160 tr1725">out </span><span class="pp-class-382 pa t46837 l46844 ls1952 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t46837 l46845 ls1057 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46837 l46846 ls9272 wtro3159 wtr1724 tro3160 tr1725">Logistics </span><span class="pp-class-382 pa t46837 l46847 ls16981 wtro3159 wtr1724 tro3160 tr1725">Division </span><span class="pp-class-382 pa t46837 l46848 ls1057 wtro3159 wtr1724 tro3160 tr1725">can </span><span class="pp-class-382 pa t46837 l46849 ls2459 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t46837 l46850 ls7212 wtro3159 wtr1724 tro3160 tr1725">over </span><span class="pp-class-382 pa t46837 l46851 ls5069 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t46837 l46852 ls1734 wtro3159 wtr1724 tro3160 tr1725">longer </span><span class="pp-class-382 pa t46837 l46853 ls1734 wtro3159 wtr1724 tro3160 tr1725">period.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46854 l3 ls124 wtro3159 wtr1062 tro3160 tr1063">Revenue </span><span class="pp-class-382 pa t46854 l46855 ls931 wtro3159 wtr1062 tro3160 tr1063">from </span><span class="pp-class-382 pa t46854 l46856 ls878 wtro3159 wtr1062 tro3160 tr1063">chartering </span><span class="pp-class-382 pa t46854 l46857 wtro3159 wtr1062 tro3160 tr1063">out </span><span class="pp-class-382 pa t46854 l46858 ls90 wtro3159 wtr1062 tro3160 tr1063">ferries </span><span class="pp-class-382 pa t46854 l46859 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t46854 l162 ls171 wtro3159 wtr1062 tro3160 tr1063">recognised </span><span class="pp-class-382 pa t46854 l46860 ls671 wtro3159 wtr1062 tro3160 tr1063">straight </span><span class="pp-class-382 pa t46854 l46861 wtro3159 wtr1062 tro3160 tr1063">line </span><span class="pp-class-382 pa t46854 l46862 ls3572 wtro3159 wtr1062 tro3160 tr1063">over </span><span class="pp-class-382 pa t46854 l46863 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t46854 l46864 ls68 wtro3159 wtr1062 tro3160 tr1063">duration </span><span class="pp-class-382 pa t46854 l46865 ls287 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46854 l46866 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t46854 l46867 ls1259 wtro3159 wtr1062 tro3160 tr1063">agreement. </span><span class="pp-class-382 pa t46868 l3 ls671 wtro3159 wtr1062 tro3160 tr1063">Onboard </span><span class="pp-class-382 pa t46868 l46869 wtro3159 wtr1062 tro3160 tr1063">sales </span><span class="pp-class-382 pa t46868 l46870 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t46868 l42279 ls171 wtro3159 wtr1062 tro3160 tr1063">recognised </span><span class="pp-class-382 pa t46868 l46871 ls2835 wtro3159 wtr1062 tro3160 tr1063">at </span><span class="pp-class-382 pa t46868 l46872 wtro3159 wtr1062 tro3160 tr1063">a </span><span class="pp-class-382 pa t46868 l46873 ls907 wtro3159 wtr1062 tro3160 tr1063">“point </span><span class="pp-class-382 pa t46868 l46874 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t46868 l46875 ls3362 wtro3159 wtr1062 tro3160 tr1063">time”. </span><span class="pp-class-382 pa t46868 l46876 ls124 wtro3159 wtr1062 tro3160 tr1063">Revenue </span><span class="pp-class-382 pa t46868 l46877 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t46868 l46878 ls1259 wtro3159 wtr1062 tro3160 tr1063">measured </span><span class="pp-class-382 pa t46868 l20654 ls2835 wtro3159 wtr1062 tro3160 tr1063">at </span><span class="pp-class-382 pa t46868 l46879 ls1005 wtro3159 wtr1062 tro3160 tr1063">fair </span><span class="pp-class-382 pa t46868 l46880 ls16 wtro3159 wtr1062 tro3160 tr1063">value </span><span class="pp-class-382 pa t46868 l46881 ls230 wtro3159 wtr1062 tro3160 tr1063">excluding </span><span class="pp-class-382 pa t46868 l46882 ls16 wtro3159 wtr1062 tro3160 tr1063">value </span><span class="pp-class-382 pa t46883 l3 ls166 wtro3159 wtr1062 tro3160 tr1063">added </span><span class="pp-class-382 pa t46883 l46884 ls45 wtro3159 wtr1062 tro3160 tr1063">tax </span><span class="pp-class-382 pa t46883 l46885 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46883 l46886 ls112 wtro3159 wtr1062 tro3160 tr1063">after </span><span class="pp-class-382 pa t46883 l46887 ls842 wtro3159 wtr1062 tro3160 tr1063">deduction </span><span class="pp-class-382 pa t46883 l35391 ls287 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46883 l46888 ls1955 wtro3159 wtr1062 tro3160 tr1063">trade </span><span class="pp-class-382 pa t46883 l46889 ls287 wtro3159 wtr1062 tro3160 tr1063">discounts. </span><span class="pp-class-382 pa t46883 l46890 ls14077 wtro3159 wtr1062 tro3160 tr1063">Trade </span><span class="pp-class-382 pa t46883 l46891 ls134 wtro3159 wtr1062 tro3160 tr1063">receivables </span><span class="pp-class-382 pa t46883 l46892 ls85 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46883 l46893 ls150 wtro3159 wtr1062 tro3160 tr1063">not </span><span class="pp-class-382 pa t46883 l46894 ls166 wtro3159 wtr1062 tro3160 tr1063">adjusted </span><span class="pp-class-382 pa t46883 l46895 ls43 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t46883 l46896 ls43 wtro3159 wtr1062 tro3160 tr1063">any </span><span class="pp-class-382 pa t46897 l3 wtro3159 wtr1062 tro3160 tr1063">financing </span><span class="pp-class-382 pa t46897 l46898 ls287 wtro3159 wtr1062 tro3160 tr1063">component </span><span class="pp-class-382 pa t46897 l46899 wtro3159 wtr1062 tro3160 tr1063">when </span><span class="pp-class-382 pa t46897 l46900 ls112 wtro3159 wtr1062 tro3160 tr1063">recognised. </span><span class="pp-class-382 pa t46897 l46901 wtro3159 wtr1062 tro3160 tr1063">The </span><span class="pp-class-382 pa t46897 l46902 ls671 wtro3159 wtr1062 tro3160 tr1063">general </span><span class="pp-class-382 pa t46897 l46903 ls134 wtro3159 wtr1062 tro3160 tr1063">credit </span><span class="pp-class-382 pa t46897 l46904 ls37 wtro3159 wtr1062 tro3160 tr1063">terms </span><span class="pp-class-382 pa t46897 l46905 ls85 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46897 l46906 ls1259 wtro3159 wtr1062 tro3160 tr1063">following </span><span class="pp-class-382 pa t46897 l46907 ls16 wtro3159 wtr1062 tro3160 tr1063">market </span><span class="pp-class-382 pa t46897 l46908 ls37 wtro3159 wtr1062 tro3160 tr1063">terms.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46909 l3 ls3382 wtro3159 wtr1062 tro3160 tr1063">Accounting </span><span class="pp-class-382 pa t46909 l46910 ls195 wtro3159 wtr1062 tro3160 tr1063">estimates </span><span class="pp-class-382 pa t46909 l46911 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46909 l46912 ls7858 wtro3159 wtr1062 tro3160 tr1063">judgements </span><span class="pp-class-382 pa t46909 l46913 ls719 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46909 l46914 ls2138 wtro3159 wtr1062 tro3160 tr1063">made </span><span class="pp-class-382 pa t46909 l46915 ls2142 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t46909 l46916 ls3310 wtro3159 wtr1062 tro3160 tr1063">order </span><span class="pp-class-382 pa t46909 l46917 ls4305 wtro3159 wtr1062 tro3160 tr1063">to </span><span class="pp-class-382 pa t46909 l46918 ls2143 wtro3159 wtr1062 tro3160 tr1063">determine </span><span class="pp-class-382 pa t46909 l46919 ls7694 wtro3159 wtr1062 tro3160 tr1063">time </span><span class="pp-class-382 pa t46909 l46920 ls2854 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46909 l46921 ls185 wtro3159 wtr1062 tro3160 tr1063">delivery </span><span class="pp-class-382 pa t46909 l46922 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46909 l46923 ls2955 wtro3159 wtr1062 tro3160 tr1063">accrue </span><span class="pp-class-382 pa t46909 l46924 ls3105 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t46925 l3 ls2766 wtro3159 wtr1062 tro3160 tr1063">relevant </span><span class="pp-class-382 pa t46925 l46926 ls7756 wtro3159 wtr1062 tro3160 tr1063">income </span><span class="pp-class-382 pa t46925 l46927 ls7094 wtro3159 wtr1062 tro3160 tr1063">along </span><span class="pp-class-382 pa t46925 l12767 ls7694 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t46925 l46928 ls4343 wtro3159 wtr1062 tro3160 tr1063">evaluation </span><span class="pp-class-382 pa t46925 l21259 ls2854 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46925 l46929 ls4396 wtro3159 wtr1062 tro3160 tr1063">pricing. </span><span class="pp-class-382 pa t46925 l46930 ls7094 wtro3159 wtr1062 tro3160 tr1063">These </span><span class="pp-class-382 pa t46925 l46931 ls1015 wtro3159 wtr1062 tro3160 tr1063">accounting </span><span class="pp-class-382 pa t46925 l46932 ls195 wtro3159 wtr1062 tro3160 tr1063">estimates </span><span class="pp-class-382 pa t46925 l46933 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46925 l46934 ls7858 wtro3159 wtr1062 tro3160 tr1063">judgements </span><span class="pp-class-382 pa t46925 l46935 ls650 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46936 l3 ls7094 wtro3159 wtr1062 tro3160 tr1063">based </span><span class="pp-class-382 pa t46936 l46937 ls2142 wtro3159 wtr1062 tro3160 tr1063">on </span><span class="pp-class-382 pa t46936 l46938 ls2588 wtro3159 wtr1062 tro3160 tr1063">experience </span><span class="pp-class-382 pa t46936 l9561 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46936 l46939 ls2134 wtro3159 wtr1062 tro3160 tr1063">historical </span><span class="pp-class-382 pa t46936 l46940 ls7094 wtro3159 wtr1062 tro3160 tr1063">sales </span><span class="pp-class-382 pa t46936 l46941 ls2796 wtro3159 wtr1062 tro3160 tr1063">figures </span><span class="pp-class-382 pa t46936 l46942 ls7094 wtro3159 wtr1062 tro3160 tr1063">along </span><span class="pp-class-382 pa t46936 l46943 ls7694 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t46936 l46944 ls1077 wtro3159 wtr1062 tro3160 tr1063">a </span><span class="pp-class-382 pa t46936 l36973 ls7858 wtro3159 wtr1062 tro3160 tr1063">continuous </span><span class="pp-class-382 pa t46936 l46945 ls3310 wtro3159 wtr1062 tro3160 tr1063">follow-up </span><span class="pp-class-382 pa t46936 l46946 ls2142 wtro3159 wtr1062 tro3160 tr1063">on </span><span class="pp-class-382 pa t46936 l46947 ls1463 wtro3159 wtr1062 tro3160 tr1063">service </span><span class="pp-class-382 pa t46936 l46948 ls1734 wtro3159 wtr1062 tro3160 tr1063">delivered.</span></p><div class="pp-class-363 pp-class-395" id="pp-id-5104" xmlns="http://www.w3.org/1999/xhtml"><div class="w46973 h46974 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46726 l3 ls1323">Ferry </span><span class="pp-class-382 pa t46726 l46975 ls858">and </span><span class="pp-class-382 pa t46726 l8703 ls296">other </span><span class="pp-class-382 pa t46726 l46976 ls1323">ship </span><span class="pp-class-382 pa t46726 l42797 ls1759">costs </span><span class="pp-class-382 pa t46726 l46977 ls2694">comprise </span><span class="pp-class-382 pa t46726 l46978 ls1759">costs </span><span class="pp-class-382 pa t46726 l46417 ls103">of </span><span class="pp-class-382 pa t46726 l46979 ls1759">sales </span><span class="pp-class-382 pa t46726 l46980 ls3458">related </span><span class="pp-class-382 pa t46726 l46981 ls1759">to </span><span class="pp-class-382 pa t46726 l46982 ls2142">catering </span><span class="pp-class-382 pa t46726 l46983 ls1080">as </span><span class="pp-class-382 pa t46726 l46984 ls960">well </span><span class="pp-class-382 pa t46726 l46985 ls1080">as </span><span class="pp-class-382 pa t46726 l46986 ls1701">maintenance </span><span class="pp-class-382 pa t46726 l46987 ls302">and </span><span class="pp-class-382 pa t46741 l3 ls7094">daily </span><span class="pp-class-382 pa t46741 l17945 ls1237">running </span><span class="pp-class-382 pa t46741 l46604 ls1759">costs </span><span class="pp-class-382 pa t46741 l46988 ls103">of </span><span class="pp-class-382 pa t46741 l46989 ls2489">ferries </span><span class="pp-class-382 pa t46741 l19166 ls858">and </span><span class="pp-class-382 pa t46741 l46990 ls296">other </span><span class="pp-class-382 pa t46741 l34838 ls2486">ships. </span><span class="pp-class-382 pa t46741 l46991 ls5069">Bunker </span><span class="pp-class-382 pa t46741 l46992 ls4275">consumption </span><span class="pp-class-382 pa t46741 l46993 ls238">includes </span><span class="pp-class-382 pa t46741 l46994 ls2694">hedging. </span><span class="pp-class-382 pa t46741 l46995 ls688">Write-downs </span><span class="pp-class-382 pa t46760 l3 ls858">and </span><span class="pp-class-382 pa t46760 l29386 ls8853">realised </span><span class="pp-class-382 pa t46760 l46996 ls2486">losses </span><span class="pp-class-382 pa t46760 l46997 ls1080">on </span><span class="pp-class-382 pa t46760 l46998 ls646">trade </span><span class="pp-class-382 pa t46760 l46999 ls2787">receivables </span><span class="pp-class-382 pa t46760 l36608 ls800">are </span><span class="pp-class-382 pa t46760 l47000 ls238">included </span><span class="pp-class-382 pa t46760 l47001 ls1080">in </span><span class="pp-class-382 pa t46760 l47002 ls869">ferry </span><span class="pp-class-382 pa t46760 l47003 ls858">and </span><span class="pp-class-382 pa t46760 l47004 ls296">other </span><span class="pp-class-382 pa t46760 l47005 ls1323">ship </span><span class="pp-class-382 pa t46760 l47006 ls2760">operation </span><span class="pp-class-382 pa t46760 l47007 ls302">and </span><span class="pp-class-382 pa t46775 l3 ls2113">maintenance. </span><span class="pp-class-382 pa t46775 l37694 ls99">Port </span><span class="pp-class-382 pa t46775 l36793 ls296">terminal </span><span class="pp-class-382 pa t46775 l47008 ls4305">operations </span><span class="pp-class-382 pa t46775 l47009 ls858">and </span><span class="pp-class-382 pa t46775 l47010 ls3539">Transport </span><span class="pp-class-382 pa t46775 l47011 ls3474">solutions </span><span class="pp-class-382 pa t46775 l47012 ls1099">and </span><span class="pp-class-382 pa t46775 l20765 ls1463">warehouse </span><span class="pp-class-382 pa t46775 l47013 ls3474">solutions </span><span class="pp-class-382 pa t46775 l47014 ls800">are </span><span class="pp-class-382 pa t46775 l47015 ls1080">costs </span><span class="pp-class-382 pa t46792 l3 ls3458">related </span><span class="pp-class-382 pa t46792 l45005 ls1759">to </span><span class="pp-class-382 pa t46792 l47016 ls869">land-based </span><span class="pp-class-382 pa t46792 l17387 ls688">activities </span><span class="pp-class-382 pa t46792 l47017 ls1323">such </span><span class="pp-class-382 pa t46792 l47018 ls1080">as </span><span class="pp-class-382 pa t46792 l47019 ls852">stevedoring, </span><span class="pp-class-382 pa t46792 l47020 ls296">terminal, </span><span class="pp-class-382 pa t46792 l47021 ls858">and </span><span class="pp-class-382 pa t46792 l47022 ls3477">haulage </span><span class="pp-class-382 pa t46792 l47023 ls2486">costs. </span><span class="pp-class-382 pa t46792 l47024 ls1759">Costs </span><span class="pp-class-382 pa t46792 l47025 ls103">of </span><span class="pp-class-382 pa t46792 l47026 ls1759">sales </span><span class="pp-class-382 pa t46792 l47027 ls302">and </span><span class="pp-class-382 pa t46808 l3 ls2787">administration </span><span class="pp-class-382 pa t46808 l47028 ls2694">comprise </span><span class="pp-class-382 pa t46808 l47029 ls1759">costs </span><span class="pp-class-382 pa t46808 l38121 ls103">of </span><span class="pp-class-382 pa t46808 l47030 ls2486">sales, </span><span class="pp-class-382 pa t46808 l47031 ls960">marketing, </span><span class="pp-class-382 pa t46808 l47032 ls858">and </span><span class="pp-class-382 pa t46808 l47033 ls2787">administration.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46837 l3 ls1243">From </span><span class="pp-class-382 pa t46837 l33777 ls3572">January </span><span class="pp-class-382 pa t46837 l43267 ls2854">2024, </span><span class="pp-class-382 pa t46837 l47034 ls1323">DFDS </span><span class="pp-class-382 pa t46837 l47035 ls1080">is </span><span class="pp-class-382 pa t46837 l47036 ls238">included </span><span class="pp-class-382 pa t46837 l47037 ls1080">in </span><span class="pp-class-382 pa t46837 l47038 ls858">the </span><span class="pp-class-382 pa t46837 l39198 ls1759">scope </span><span class="pp-class-382 pa t46837 l47039 ls103">of </span><span class="pp-class-382 pa t46837 l47040 ls1073">companies </span><span class="pp-class-382 pa t46837 l47041 ls3474">subject </span><span class="pp-class-382 pa t46837 l47042 ls1759">to </span><span class="pp-class-382 pa t46837 l47043 ls2694">Maritime </span><span class="pp-class-382 pa t46837 l47044 ls99">Emission </span><span class="pp-class-382 pa t47045 l3 ls8634">Trading </span><span class="pp-class-382 pa t47045 l47046 ls2486">Scheme </span><span class="pp-class-382 pa t47045 l47047 ls2113">(ETS). </span><span class="pp-class-382 pa t47045 l47048 ls1323">Cost </span><span class="pp-class-382 pa t47045 l47049 ls1323">will </span><span class="pp-class-382 pa t47045 l18529 ls1080">be </span><span class="pp-class-382 pa t47045 l47050 ls2970">recognised </span><span class="pp-class-382 pa t47045 l47051 ls2688">monthly </span><span class="pp-class-382 pa t47045 l47052 ls1759">based </span><span class="pp-class-382 pa t47045 l47053 ls1080">on </span><span class="pp-class-382 pa t47045 l37242 ls8853">measured </span><span class="pp-class-382 pa t47045 l47054 ls1073">emissions </span><span class="pp-class-382 pa t47045 l47055 ls1083">at </span><span class="pp-class-382 pa t47045 l47056 ls1110">hedged </span><span class="pp-class-382 pa t46854 l3 ls2486">prices </span><span class="pp-class-382 pa t46854 l32237">- </span><span class="pp-class-382 pa t46854 l47057 ls3278">for </span><span class="pp-class-382 pa t46854 l47058 ls1818">certificates </span><span class="pp-class-382 pa t46854 l47059 ls2143">covered </span><span class="pp-class-382 pa t46854 l47060 ls2784">by </span><span class="pp-class-382 pa t46854 l21576 ls1237">hedging </span><span class="pp-class-382 pa t46854 l47061">- </span><span class="pp-class-382 pa t46854 l47062 ls1099">and </span><span class="pp-class-382 pa t46854 l27849 ls1083">at </span><span class="pp-class-382 pa t46854 l47063 ls806">spot </span><span class="pp-class-382 pa t46854 l47064 ls2486">prices </span><span class="pp-class-382 pa t46854 l47065">- </span><span class="pp-class-382 pa t46854 l47066 ls3278">for </span><span class="pp-class-382 pa t46854 l47067 ls1759">those </span><span class="pp-class-382 pa t46854 l47068 ls830">not </span><span class="pp-class-382 pa t46854 l47069 ls2143">covered </span><span class="pp-class-382 pa t46854 l47070 ls2784">by </span><span class="pp-class-382 pa t46854 l47071 ls2486">hedges.</span></p></div></div><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls2769">Wages, </span><span class="pp-class-382 pa t29793 l47136 ls1073">salaries, </span><span class="pp-class-382 pa t29793 l47137 ls2486">social </span><span class="pp-class-382 pa t29793 l47138 ls2694">security </span><span class="pp-class-382 pa t29793 l47139 ls238">contributions, </span><span class="pp-class-382 pa t29793 l47140 ls1237">pension </span><span class="pp-class-382 pa t29793 l47141 ls238">contributions, </span><span class="pp-class-382 pa t29793 l47142 ls1323">paid </span><span class="pp-class-382 pa t29793 l47143 ls2486">annual </span><span class="pp-class-382 pa t29793 l47144 ls9967">leave </span><span class="pp-class-382 pa t29793 l47145 ls1099">and </span><span class="pp-class-382 pa t29793 l47146 ls1955">sick </span><span class="pp-class-382 pa t29798 l3 ls1864">leave, </span><span class="pp-class-382 pa t29798 l47147 ls2694">bonuses, </span><span class="pp-class-382 pa t29798 l47148 ls858">and </span><span class="pp-class-382 pa t29798 l47149 ls1077">non-monetary </span><span class="pp-class-382 pa t29798 l47150 ls1073">benefits </span><span class="pp-class-382 pa t29798 l47151 ls800">are </span><span class="pp-class-382 pa t29798 l47152 ls1772">accrued </span><span class="pp-class-382 pa t29798 l47153 ls1080">in </span><span class="pp-class-382 pa t29798 l47154 ls858">the </span><span class="pp-class-382 pa t29798 l47155 ls960">year </span><span class="pp-class-382 pa t29798 l47156 ls1080">in </span><span class="pp-class-382 pa t29798 l20742 ls1759">which </span><span class="pp-class-382 pa t29798 l47157 ls1099">the </span><span class="pp-class-382 pa t29798 l47158 ls803">associated </span><span class="pp-class-382 pa t29798 l47159 ls85">services </span><span class="pp-class-382 pa t36806 l3 ls800">are </span><span class="pp-class-382 pa t36806 l43707 ls3435">rendered </span><span class="pp-class-382 pa t36806 l47160 ls2784">by </span><span class="pp-class-382 pa t36806 l24419 ls6007">employees </span><span class="pp-class-382 pa t36806 l47161 ls103">of </span><span class="pp-class-382 pa t36806 l47162 ls858">the </span><span class="pp-class-382 pa t36806 l47163 ls2149">Group. </span><span class="pp-class-382 pa t36806 l47164 ls2784">Where </span><span class="pp-class-382 pa t36806 l47165 ls858">the </span><span class="pp-class-382 pa t36806 l47166 ls2784">Group </span><span class="pp-class-382 pa t36806 l47167 ls3377">provides </span><span class="pp-class-382 pa t36806 l47168 ls1077">long-term </span><span class="pp-class-382 pa t36806 l47169 ls1316">employee </span><span class="pp-class-382 pa t36806 l47170 ls819">benefits, </span><span class="pp-class-382 pa t36806 l47171 ls302">the </span><span class="pp-class-382 pa t29811 l3 ls1759">costs </span><span class="pp-class-382 pa t29811 l34282 ls800">are </span><span class="pp-class-382 pa t29811 l47172 ls1772">accrued </span><span class="pp-class-382 pa t29811 l47173 ls1759">to </span><span class="pp-class-382 pa t29811 l30751 ls1150">match </span><span class="pp-class-382 pa t29811 l47174 ls858">the </span><span class="pp-class-382 pa t29811 l47175 ls960">rendering </span><span class="pp-class-382 pa t29811 l47176 ls103">of </span><span class="pp-class-382 pa t29811 l47177 ls858">the </span><span class="pp-class-382 pa t29811 l47178 ls1099">services </span><span class="pp-class-382 pa t29811 l47179 ls2784">by </span><span class="pp-class-382 pa t29811 l47180 ls1099">the </span><span class="pp-class-382 pa t29811 l47181 ls6007">employees.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls238">Amortisation </span><span class="pp-class-382 pa t29793 l47257 ls858">and </span><span class="pp-class-382 pa t29793 l47258 ls3623">depreciation </span><span class="pp-class-382 pa t29793 l43903 ls3278">for </span><span class="pp-class-382 pa t29793 l47259 ls858">the </span><span class="pp-class-382 pa t29793 l47260 ls960">year </span><span class="pp-class-382 pa t29793 l47261 ls800">are </span><span class="pp-class-382 pa t29793 l47262 ls2970">recognised </span><span class="pp-class-382 pa t29793 l47263 ls1759">based </span><span class="pp-class-382 pa t29793 l47264 ls1080">on </span><span class="pp-class-382 pa t29793 l47265 ls1099">the </span><span class="pp-class-382 pa t29793 l47266 ls238">amortisation </span><span class="pp-class-382 pa t29793 l47267 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls3623">depreciation </span><span class="pp-class-382 pa t29798 l47268 ls4299">profiles </span><span class="pp-class-382 pa t29798 l47269 ls103">of </span><span class="pp-class-382 pa t29798 l47270 ls858">the </span><span class="pp-class-382 pa t29798 l16742 ls1083">underlying </span><span class="pp-class-382 pa t29798 l47271 ls3474">assets. </span><span class="pp-class-382 pa t29798 l47272 ls2944">Reference </span><span class="pp-class-382 pa t29798 l47273 ls1080">is </span><span class="pp-class-382 pa t29798 l47274 ls1772">made </span><span class="pp-class-382 pa t29798 l43685 ls1759">to </span><span class="pp-class-382 pa t29798 l47275 ls1859">note </span><span class="pp-class-382 pa t29798 l47276 ls2149">3.1.1, </span><span class="pp-class-382 pa t29798 l47277 ls7094">3.1.2 </span><span class="pp-class-382 pa t29798 l47278 ls858">and </span><span class="pp-class-382 pa t29798 l47279 ls1055">3.1.3.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls4372">Tax </span><span class="pp-class-382 pa t29793 l48108 ls3278">for </span><span class="pp-class-382 pa t29793 l48109 ls858">the </span><span class="pp-class-382 pa t29793 l48110 ls960">year </span><span class="pp-class-382 pa t29793 l48111 ls1073">comprises </span><span class="pp-class-382 pa t29793 l48112 ls2486">income </span><span class="pp-class-382 pa t29793 l2091 ls1073">tax, </span><span class="pp-class-382 pa t29793 l48113 ls688">tonnage </span><span class="pp-class-382 pa t29793 l48114 ls1073">tax, </span><span class="pp-class-382 pa t29793 l44358 ls858">and </span><span class="pp-class-382 pa t29793 l48115 ls1305">joint </span><span class="pp-class-382 pa t29793 l48116 ls2145">taxation </span><span class="pp-class-382 pa t29793 l48117 ls296">contribution </span><span class="pp-class-382 pa t29793 l48118 ls3278">for </span><span class="pp-class-382 pa t29793 l48119 ls1099">the </span><span class="pp-class-382 pa t29793 l48120 ls960">year </span><span class="pp-class-382 pa t29793 l48121 ls134">of </span><span class="pp-class-382 pa t29798 l3 ls2486">Danish </span><span class="pp-class-382 pa t29798 l48122 ls830">subsidiaries </span><span class="pp-class-382 pa t29798 l48123 ls1080">as </span><span class="pp-class-382 pa t29798 l48124 ls960">well </span><span class="pp-class-382 pa t29798 l48125 ls1080">as </span><span class="pp-class-382 pa t29798 l48126 ls1237">changes </span><span class="pp-class-382 pa t29798 l48127 ls1080">in </span><span class="pp-class-382 pa t29798 l48128 ls828">deferred </span><span class="pp-class-382 pa t29798 l48129 ls1237">tax </span><span class="pp-class-382 pa t29798 l48130 ls3278">for </span><span class="pp-class-382 pa t29798 l48131 ls858">the </span><span class="pp-class-382 pa t29798 l48132 ls648">year. </span><span class="pp-class-382 pa t29798 l48133 ls3216">Additionally, </span><span class="pp-class-382 pa t29798 l48134 ls858">the </span><span class="pp-class-382 pa t29798 l48135 ls1237">tax </span><span class="pp-class-382 pa t29798 l48136 ls3278">for </span><span class="pp-class-382 pa t29798 l48137 ls1099">the </span><span class="pp-class-382 pa t29798 l48138 ls3474">year </span><span class="pp-class-382 pa t36806 l3 ls1073">comprises </span><span class="pp-class-382 pa t36806 l34337 ls3278">adjustments </span><span class="pp-class-382 pa t36806 l33393 ls1759">to </span><span class="pp-class-382 pa t36806 l48139 ls1759">prior </span><span class="pp-class-382 pa t36806 l6118 ls2889">years' </span><span class="pp-class-382 pa t36806 l34490 ls2688">taxes </span><span class="pp-class-382 pa t36806 l48140 ls858">and </span><span class="pp-class-382 pa t36806 l48141 ls1237">changes </span><span class="pp-class-382 pa t36806 l48142 ls1080">in </span><span class="pp-class-382 pa t36806 l48143 ls858">the </span><span class="pp-class-382 pa t36806 l48144 ls806">assessment </span><span class="pp-class-382 pa t36806 l48145 ls103">of </span><span class="pp-class-382 pa t36806 l48146 ls828">provisions </span><span class="pp-class-382 pa t36806 l48147 ls99">for </span><span class="pp-class-382 pa t29811 l3 ls866">uncertain </span><span class="pp-class-382 pa t29811 l15075 ls1237">tax </span><span class="pp-class-382 pa t29811 l48148 ls819">positions. </span><span class="pp-class-382 pa t29811 l48149 ls858">The </span><span class="pp-class-382 pa t29811 l48150 ls1237">tax </span><span class="pp-class-382 pa t29811 l48151 ls3278">for </span><span class="pp-class-382 pa t29811 l43718 ls858">the </span><span class="pp-class-382 pa t29811 l48152 ls960">year </span><span class="pp-class-382 pa t29811 l48153 ls1080">is </span><span class="pp-class-382 pa t29811 l48154 ls2970">recognised </span><span class="pp-class-382 pa t29811 l48155 ls1080">in </span><span class="pp-class-382 pa t29811 l48156 ls858">the </span><span class="pp-class-382 pa t29811 l48157 ls2486">income </span><span class="pp-class-382 pa t29811 l48158 ls1150">statement </span><span class="pp-class-382 pa t29811 l48159 ls1080">or </span><span class="pp-class-382 pa t29811 l48160 ls1080">in </span><span class="pp-class-382 pa t29811 l48161 ls858">the </span><span class="pp-class-382 pa t29811 l48162 ls2486">equity </span><span class="pp-class-382 pa t29811 l48163 ls278">in </span><span class="pp-class-382 pa t29824 l3 ls2944">correlation </span><span class="pp-class-382 pa t29824 l48164 ls1759">to </span><span class="pp-class-382 pa t29824 l48165 ls858">the </span><span class="pp-class-382 pa t29824 l48166 ls1083">underlying </span><span class="pp-class-382 pa t29824 l36219 ls2944">transaction.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29849 l3 ls884">The </span><span class="pp-class-382 pa t29849 l48167 ls1323">current </span><span class="pp-class-382 pa t29849 l48168 ls830">payable </span><span class="pp-class-382 pa t29849 l48169 ls110">Danish </span><span class="pp-class-382 pa t29849 l48170 ls869">corporation </span><span class="pp-class-382 pa t29849 l20316 ls302">tax </span><span class="pp-class-382 pa t29849 l48171 ls278">is </span><span class="pp-class-382 pa t29849 l48172 ls1080">allocated </span><span class="pp-class-382 pa t29849 l18728 ls1319">by </span><span class="pp-class-382 pa t29849 l48173 ls884">the </span><span class="pp-class-382 pa t29849 l48174 ls1112">settlement </span><span class="pp-class-382 pa t29849 l48175 ls134">of </span><span class="pp-class-382 pa t29849 l48176 ls76">a </span><span class="pp-class-382 pa t29849 l48177 ls203">joint </span><span class="pp-class-382 pa t29849 l48178 ls830">taxation </span><span class="pp-class-382 pa t29853 l3 ls198">contribution </span><span class="pp-class-382 pa t29853 l48179 ls858">between </span><span class="pp-class-382 pa t29853 l27394 ls884">the </span><span class="pp-class-382 pa t29853 l48180 ls1118">jointly </span><span class="pp-class-382 pa t29853 l48181 ls1319">taxed </span><span class="pp-class-382 pa t29853 l48182 ls124">companies </span><span class="pp-class-382 pa t29853 l48183 ls278">in </span><span class="pp-class-382 pa t29853 l48184 ls2835">proportion </span><span class="pp-class-382 pa t29853 l48185 ls302">to </span><span class="pp-class-382 pa t29853 l48186 ls39">their </span><span class="pp-class-382 pa t29853 l48187 ls866">taxable </span><span class="pp-class-382 pa t29853 l48188 ls274">income. </span><span class="pp-class-382 pa t29853 l48189 ls16">Companies </span><span class="pp-class-382 pa t29866 l3 ls16">with </span><span class="pp-class-382 pa t29866 l48190 ls302">tax </span><span class="pp-class-382 pa t29866 l48191 ls110">losses </span><span class="pp-class-382 pa t29866 l48192 ls1701">receive </span><span class="pp-class-382 pa t29866 l48193 ls203">joint </span><span class="pp-class-382 pa t29866 l48194 ls4275">taxation </span><span class="pp-class-382 pa t29866 l48195 ls198">contributions </span><span class="pp-class-382 pa t29866 l48196 ls830">from </span><span class="pp-class-382 pa t29866 l48197 ls182">companies </span><span class="pp-class-382 pa t29866 l48198 ls1123">that </span><span class="pp-class-382 pa t29866 l48199 ls8853">have </span><span class="pp-class-382 pa t29866 l48200 ls16">been </span><span class="pp-class-382 pa t29866 l48201 ls16">able </span><span class="pp-class-382 pa t29866 l48202 ls302">to </span><span class="pp-class-382 pa t29866 l48203 ls897">utilise </span><span class="pp-class-382 pa t29866 l48204 ls76">the </span><span class="pp-class-382 pa t36841 l3 ls302">tax </span><span class="pp-class-382 pa t36841 l48205 ls110">losses </span><span class="pp-class-382 pa t36841 l48206 ls302">to </span><span class="pp-class-382 pa t36841 l48207 ls1323">reduce </span><span class="pp-class-382 pa t36841 l14057 ls39">their </span><span class="pp-class-382 pa t36841 l48208 ls866">own </span><span class="pp-class-382 pa t36841 l48209 ls866">taxable </span><span class="pp-class-382 pa t36841 l48210 ls3566">profit. </span><span class="pp-class-382 pa t36841 l48211 ls9956">Tax </span><span class="pp-class-382 pa t36841 l48212 ls302">computed </span><span class="pp-class-382 pa t36841 l48213 ls278">on </span><span class="pp-class-382 pa t36841 l48214 ls884">the </span><span class="pp-class-382 pa t36841 l48215 ls866">taxable </span><span class="pp-class-382 pa t36841 l48216 ls110">income </span><span class="pp-class-382 pa t36841 l48217 ls884">and </span><span class="pp-class-382 pa t36841 l48218 ls34">tonnage </span><span class="pp-class-382 pa t36841 l44338 ls884">tax </span><span class="pp-class-382 pa t29875 l3 ls85">for </span><span class="pp-class-382 pa t29875 l48219 ls884">the </span><span class="pp-class-382 pa t29875 l48220 ls56">year </span><span class="pp-class-382 pa t29875 l48221 ls278">is </span><span class="pp-class-382 pa t29875 l22258 ls1112">recognised </span><span class="pp-class-382 pa t29875 l48208 ls278">in </span><span class="pp-class-382 pa t29875 l48222 ls884">the </span><span class="pp-class-382 pa t29875 l48223 ls897">balance </span><span class="pp-class-382 pa t29875 l48224 ls2482">sheet </span><span class="pp-class-382 pa t29875 l44025 ls278">as </span><span class="pp-class-382 pa t29875 l48225 ls830">payable </span><span class="pp-class-382 pa t29875 l48226 ls278">or </span><span class="pp-class-382 pa t29875 l48227 ls2486">receivable </span><span class="pp-class-382 pa t29875 l48228 ls1319">corporate </span><span class="pp-class-382 pa t29875 l48229 ls302">tax </span><span class="pp-class-382 pa t29875 l43440 ls39">considering </span><span class="pp-class-382 pa t29878 l3 ls3278">on-account/advance </span><span class="pp-class-382 pa t29878 l48230 ls1140">payments.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29902 l3 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29902 l30492 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29902 l48231 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29902 l28501 ls11558 wtro3159 wtr1724 tro3160 tr1725">provided </span><span class="pp-class-382 pa t29902 l48232 ls1243 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t29902 l48233 ls2854 wtro3159 wtr1724 tro3160 tr1725">using </span><span class="pp-class-382 pa t29902 l48234 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29902 l34622 ls6007 wtro3159 wtr1724 tro3160 tr1725">liability </span><span class="pp-class-382 pa t29902 l48235 ls4305 wtro3159 wtr1724 tro3160 tr1725">method </span><span class="pp-class-382 pa t29902 l48236 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29902 l48237 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29902 l48238 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t29902 l48239 ls715 wtro3159 wtr1724 tro3160 tr1725">between </span><span class="pp-class-382 pa t29902 l48240 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29902 l48241 ls238 wtro3159 wtr1724 tro3160 tr1725">carrying </span><span class="pp-class-382 pa t36874 l3 ls1974 wtro3159 wtr1724 tro3160 tr1725">amount </span><span class="pp-class-382 pa t36874 l48242 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t36874 l48243 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l4749 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t36874 l12658 ls3105 wtro3159 wtr1724 tro3160 tr1725">base </span><span class="pp-class-382 pa t36874 l48244 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t36874 l48245 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l48246 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t36874 l48247 ls2842 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t36874 l48248 ls2787 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t36874 l48249 ls650 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t36874 l48250 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l48251 ls4279 wtro3159 wtr1724 tro3160 tr1725">reporting </span><span class="pp-class-382 pa t36874 l48252 ls6791 wtro3159 wtr1724 tro3160 tr1725">date. </span><span class="pp-class-382 pa t36874 l48253 ls8064 wtro3159 wtr1724 tro3160 tr1725">However, </span><span class="pp-class-382 pa t36874 l48254 ls3230 wtro3159 wtr1724 tro3160 tr1725">deferred </span><span class="pp-class-382 pa t36874 l48255 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t36874 l48256 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t36874 l48257 ls1237 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t29917 l3 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29917 l48258 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29917 l48259 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29917 l48260 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t29917 l48261 ls1057 wtro3159 wtr1724 tro3160 tr1725">relating </span><span class="pp-class-382 pa t29917 l48262 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29917 l48263 ls715 wtro3159 wtr1724 tro3160 tr1725">non-tax-deductible </span><span class="pp-class-382 pa t29917 l48264 ls1974 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t29917 l48265 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29917 l48266 ls2955 wtro3159 wtr1724 tro3160 tr1725">arose </span><span class="pp-class-382 pa t29917 l48267 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29917 l48268 ls1974 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t29920 l3 ls2138 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t29920 l48269 ls1868 wtro3159 wtr1724 tro3160 tr1725">without </span><span class="pp-class-382 pa t29920 l48270 ls646 wtro3159 wtr1724 tro3160 tr1725">impacting </span><span class="pp-class-382 pa t29920 l48271 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29920 l48272 ls195 wtro3159 wtr1724 tro3160 tr1725">result </span><span class="pp-class-382 pa t29920 l48273 ls1319 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t29920 l48274 ls26 wtro3159 wtr1724 tro3160 tr1725">taxable </span><span class="pp-class-382 pa t29920 l26526 ls1463 wtro3159 wtr1724 tro3160 tr1725">income. </span><span class="pp-class-382 pa t29920 l48275 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29920 l48276 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29920 l48277 ls1057 wtro3159 wtr1724 tro3160 tr1725">relating </span><span class="pp-class-382 pa t29920 l48278 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29920 l48279 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t29920 l48280 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t29920 l48281 ls2787 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t29920 l48282 ls6360 wtro3159 wtr1724 tro3160 tr1725">subject </span><span class="pp-class-382 pa t29933 l3 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48283 ls7094 wtro3159 wtr1724 tro3160 tr1725">tonnage </span><span class="pp-class-382 pa t29933 l48284 ls3184 wtro3159 wtr1724 tro3160 tr1725">taxation </span><span class="pp-class-382 pa t29933 l48285 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29933 l48286 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29933 l48287 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48288 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29933 l16282 ls6791 wtro3159 wtr1724 tro3160 tr1725">extent </span><span class="pp-class-382 pa t29933 l48289 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29933 l48290 ls3230 wtro3159 wtr1724 tro3160 tr1725">deferred </span><span class="pp-class-382 pa t29933 l48291 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29933 l48292 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29933 l48293 ls3230 wtro3159 wtr1724 tro3160 tr1725">expected </span><span class="pp-class-382 pa t29933 l48294 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48295 ls2531 wtro3159 wtr1724 tro3160 tr1725">crystallise. </span><span class="pp-class-382 pa t29933 l48296 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29933 l48297 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t48298 l3 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t48298 l48299 ls3382 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t48298 l48300 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t48298 l48301 ls1243 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t48298 l48302 ls2842 wtro3159 wtr1724 tro3160 tr1725">all </span><span class="pp-class-382 pa t48298 l48303 ls1463 wtro3159 wtr1724 tro3160 tr1725">deductible </span><span class="pp-class-382 pa t48298 l48304 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t48298 l48305 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t48298 l48306 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t48298 l48307 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t48298 l18202 ls1271 wtro3159 wtr1724 tro3160 tr1725">carry </span><span class="pp-class-382 pa t48298 l48308 ls3216 wtro3159 wtr1724 tro3160 tr1725">forward </span><span class="pp-class-382 pa t48298 l48309 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t48298 l42005 ls1243 wtro3159 wtr1724 tro3160 tr1725">any </span><span class="pp-class-382 pa t48298 l48310 ls1150 wtro3159 wtr1724 tro3160 tr1725">unused </span><span class="pp-class-382 pa t48298 l48311 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29935 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">losses. </span><span class="pp-class-382 pa t29935 l48312 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29935 l48313 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29935 l48314 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t29935 l6122 ls3382 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t29935 l48315 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29935 l48316 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29935 l14770 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29935 l48317 ls6791 wtro3159 wtr1724 tro3160 tr1725">extent </span><span class="pp-class-382 pa t29935 l48318 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29935 l48319 ls1319 wtro3159 wtr1724 tro3160 tr1725">it </span><span class="pp-class-382 pa t29935 l48320 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29935 l48321 ls2459 wtro3159 wtr1724 tro3160 tr1725">probable </span><span class="pp-class-382 pa t29935 l48322 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29935 l48323 ls26 wtro3159 wtr1724 tro3160 tr1725">taxable </span><span class="pp-class-382 pa t29935 l48324 ls2851 wtro3159 wtr1724 tro3160 tr1725">profit </span><span class="pp-class-382 pa t29935 l48325 ls3105 wtro3159 wtr1724 tro3160 tr1725">will </span><span class="pp-class-382 pa t29935 l48326 ls203 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t29946 l3 ls2143 wtro3159 wtr1724 tro3160 tr1725">available </span><span class="pp-class-382 pa t29946 l48327 ls2688 wtro3159 wtr1724 tro3160 tr1725">against </span><span class="pp-class-382 pa t29946 l48328 ls2854 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t29946 l48329 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29946 l48330 ls1463 wtro3159 wtr1724 tro3160 tr1725">deductible </span><span class="pp-class-382 pa t29946 l48331 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29946 l48332 ls185 wtro3159 wtr1724 tro3160 tr1725">differences, </span><span class="pp-class-382 pa t29946 l48333 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t29946 l48334 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29946 l48335 ls1271 wtro3159 wtr1724 tro3160 tr1725">carry </span><span class="pp-class-382 pa t29946 l48336 ls3216 wtro3159 wtr1724 tro3160 tr1725">forward </span><span class="pp-class-382 pa t29946 l48337 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t29946 l48338 ls1150 wtro3159 wtr1724 tro3160 tr1725">unused </span><span class="pp-class-382 pa t29946 l48339 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29959 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">losses, </span><span class="pp-class-382 pa t29959 l48312 ls2113 wtro3159 wtr1724 tro3160 tr1725">can </span><span class="pp-class-382 pa t29959 l48340 ls1319 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t29959 l48341 ls1974 wtro3159 wtr1724 tro3160 tr1725">utilised </span><span class="pp-class-382 pa t29959 l41071 ls1319 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t29959 l48342 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29959 l48343 ls2134 wtro3159 wtr1724 tro3160 tr1725">foreseeable </span><span class="pp-class-382 pa t29959 l48344 ls1015 wtro3159 wtr1724 tro3160 tr1725">future. </span><span class="pp-class-382 pa t29959 l48345 ls2113 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t29959 l48346 ls803 wtro3159 wtr1724 tro3160 tr1725">carrying </span><span class="pp-class-382 pa t29959 l48347 ls1974 wtro3159 wtr1724 tro3160 tr1725">amount </span><span class="pp-class-382 pa t29959 l48348 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29959 l48349 ls1952 wtro3159 wtr1724 tro3160 tr1725">reviewed </span><span class="pp-class-382 pa t29959 l48350 ls650 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t29959 l48351 ls1243 wtro3159 wtr1724 tro3160 tr1725">each </span><span class="pp-class-382 pa t29959 l48352 ls4279 wtro3159 wtr1724 tro3160 tr1725">reporting </span><span class="pp-class-382 pa t29959 l48353 ls3123 wtro3159 wtr1724 tro3160 tr1725">date.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29964 l3 ls2960 wtro3159 wtr9936 tro3160 tr9937">Deferred </span><span class="pp-class-382 pa t29964 l48354 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29964 l48355 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t29964 l48356 ls23129 wtro3159 wtr9936 tro3160 tr9937">measured </span><span class="pp-class-382 pa t29964 l48357 ls2805 wtro3159 wtr9936 tro3160 tr9937">based </span><span class="pp-class-382 pa t29964 l48358 ls2955 wtro3159 wtr9936 tro3160 tr9937">on </span><span class="pp-class-382 pa t29964 l48359 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29964 l48360 ls2960 wtro3159 wtr9936 tro3160 tr9937">expected </span><span class="pp-class-382 pa t29964 l48361 ls3241 wtro3159 wtr9936 tro3160 tr9937">use </span><span class="pp-class-382 pa t29964 l48362 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29964 l48363 ls6498 wtro3159 wtr9936 tro3160 tr9937">settlement </span><span class="pp-class-382 pa t29964 l48364 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t29964 l48365 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29964 l48366 ls789 wtro3159 wtr9936 tro3160 tr9937">individual </span><span class="pp-class-382 pa t29964 l48367 ls1739 wtro3159 wtr9936 tro3160 tr9937">assets </span><span class="pp-class-382 pa t29964 l48368 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29964 l48369 ls2805 wtro3159 wtr9936 tro3160 tr9937">liabilities </span><span class="pp-class-382 pa t29978 l3 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29978 l48370 ls18578 wtro3159 wtr9936 tro3160 tr9937">according </span><span class="pp-class-382 pa t29978 l48371 ls10900 wtro3159 wtr9936 tro3160 tr9937">to </span><span class="pp-class-382 pa t29978 l48372 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l26440 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29978 l48373 ls2805 wtro3159 wtr9936 tro3160 tr9937">rules </span><span class="pp-class-382 pa t29978 l48374 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29978 l4006 ls18115 wtro3159 wtr9936 tro3160 tr9937">at </span><span class="pp-class-382 pa t29978 l48375 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l47574 ls4805 wtro3159 wtr9936 tro3160 tr9937">known </span><span class="pp-class-382 pa t29978 l48376 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29978 l48377 ls4819 wtro3159 wtr9936 tro3160 tr9937">rates </span><span class="pp-class-382 pa t29978 l48378 ls789 wtro3159 wtr9936 tro3160 tr9937">applicable </span><span class="pp-class-382 pa t29978 l48379 ls18115 wtro3159 wtr9936 tro3160 tr9937">at </span><span class="pp-class-382 pa t29978 l48380 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l48381 ls3036 wtro3159 wtr9936 tro3160 tr9937">balance </span><span class="pp-class-382 pa t29978 l48382 ls10809 wtro3159 wtr9936 tro3160 tr9937">sheet </span><span class="pp-class-382 pa t29978 l48383 ls37002 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t29978 l48384 ls719 wtro3159 wtr9936 tro3160 tr9937">when </span><span class="pp-class-382 pa t29978 l48385 ls1150 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29989 l3 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t29989 l48386 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29989 l48387 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t29989 l48388 ls2960 wtro3159 wtr9936 tro3160 tr9937">expected </span><span class="pp-class-382 pa t29989 l48389 ls10900 wtro3159 wtr9936 tro3160 tr9937">to </span><span class="pp-class-382 pa t29989 l48390 ls721 wtro3159 wtr9936 tro3160 tr9937">crystallise </span><span class="pp-class-382 pa t29989 l48391 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t29989 l48392 ls48393 wtro3159 wtr9936 tro3160 tr9937">current </span><span class="pp-class-382 pa t29989 l48394 ls3190 wtro3159 wtr9936 tro3160 tr9937">tax. </span><span class="pp-class-382 pa t29989 l48395 ls3241 wtro3159 wtr9936 tro3160 tr9937">The </span><span class="pp-class-382 pa t29989 l48396 ls14357 wtro3159 wtr9936 tro3160 tr9937">change </span><span class="pp-class-382 pa t29989 l48397 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t29989 l48398 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t29989 l48399 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29989 l48400 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t29989 l48401 ls1150 wtro3159 wtr9936 tro3160 tr9937">a </span><span class="pp-class-382 pa t29989 l48402 ls8569 wtro3159 wtr9936 tro3160 tr9937">result </span><span class="pp-class-382 pa t29989 l48403 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t29989 l48404 ls3036 wtro3159 wtr9936 tro3160 tr9937">changes </span><span class="pp-class-382 pa t29989 l48405 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t29989 l48406 ls1243 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30000 l3 ls4819 wtro3159 wtr9936 tro3160 tr9937">rates </span><span class="pp-class-382 pa t30000 l48407 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t30000 l48408 ls6498 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t30000 l48409 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t30000 l48410 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30000 l48411 ls14357 wtro3159 wtr9936 tro3160 tr9937">income </span><span class="pp-class-382 pa t30000 l48412 ls13847 wtro3159 wtr9936 tro3160 tr9937">statement. </span><span class="pp-class-382 pa t30000 l48413 ls6100 wtro3159 wtr9936 tro3160 tr9937">Uncertain </span><span class="pp-class-382 pa t30000 l48414 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30000 l48415 ls47104 wtro3159 wtr9936 tro3160 tr9937">positions </span><span class="pp-class-382 pa t30000 l8538 ls3006 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t30000 l48416 ls23129 wtro3159 wtr9936 tro3160 tr9937">measured, </span><span class="pp-class-382 pa t30000 l48417 ls47104 wtro3159 wtr9936 tro3160 tr9937">depending </span><span class="pp-class-382 pa t30000 l48418 ls2955 wtro3159 wtr9936 tro3160 tr9937">on </span><span class="pp-class-382 pa t30000 l48419 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30000 l48420 ls195 wtro3159 wtr9936 tro3160 tr9937">type, </span><span class="pp-class-382 pa t30011 l3 ls14357 wtro3159 wtr9936 tro3160 tr9937">either </span><span class="pp-class-382 pa t30011 l48421 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30011 l48422 ls1150 wtro3159 wtr9936 tro3160 tr9937">a </span><span class="pp-class-382 pa t30011 l48423 ls17717 wtro3159 wtr9936 tro3160 tr9937">probability-weighted </span><span class="pp-class-382 pa t30011 l48424 ls48425 wtro3159 wtr9936 tro3160 tr9937">average </span><span class="pp-class-382 pa t30011 l48426 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t30011 l48427 ls1952 wtro3159 wtr9936 tro3160 tr9937">possible </span><span class="pp-class-382 pa t30011 l48428 ls4765 wtro3159 wtr9936 tro3160 tr9937">outcomes </span><span class="pp-class-382 pa t30011 l48429 ls2955 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t30011 l48430 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30011 l48431 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30011 l48432 ls719 wtro3159 wtr9936 tro3160 tr9937">most </span><span class="pp-class-382 pa t30011 l48433 ls11935 wtro3159 wtr9936 tro3160 tr9937">likely </span><span class="pp-class-382 pa t30011 l48434 ls18761 wtro3159 wtr9936 tro3160 tr9937">outcome. </span><span class="pp-class-382 pa t30011 l48435 ls6100 wtro3159 wtr9936 tro3160 tr9937">Uncertain </span><span class="pp-class-382 pa t30011 l48436 ls1243 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l3 ls47104 wtro3159 wtr9936 tro3160 tr9937">positions </span><span class="pp-class-382 pa t30020 l29249 ls3006 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t30020 l48437 ls6498 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t30020 l48438 ls14357 wtro3159 wtr9936 tro3160 tr9937">either </span><span class="pp-class-382 pa t30020 l48439 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30020 l48440 ls17725 wtro3159 wtr9936 tro3160 tr9937">payable/receivable </span><span class="pp-class-382 pa t30020 l48441 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l48442 ls16064 wtro3159 wtr9936 tro3160 tr9937">and/or </span><span class="pp-class-382 pa t30020 l48443 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30020 l48444 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t30020 l48445 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l48446 ls1366 wtro3159 wtr9936 tro3160 tr9937">assets/liabilities.</span></p><div class="pp-class-363 pp-class-395" id="pp-id-5179" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h48963 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls1271">Non-current </span><span class="pp-class-383 pa t30083 l48964 ls1818">intangible </span><span class="pp-class-383 pa t30083 l48965 ls1073">assets </span><span class="pp-class-383 pa t30083 l48966">- </span><span class="pp-class-383 pa t30083 l48967 ls1759">Other </span><span class="pp-class-383 pa t30083 l48968 ls1323">than </span><span class="pp-class-383 pa t30083 l48969 ls99">goodwill </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4343">Generally, </span><span class="pp-class-382 pa t30087 l48970 ls858">the </span><span class="pp-class-382 pa t30087 l48971 ls4299">following </span><span class="pp-class-382 pa t30087 l48972 ls1237">applies </span><span class="pp-class-382 pa t30087 l43227 ls2486">unless </span><span class="pp-class-382 pa t30087 l48973 ls1077">otherwise </span><span class="pp-class-382 pa t30087 l48974 ls1974">stated:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30098 l3 ls302">• </span><span class="pp-class-382 pa t30098 l1592 ls48975">Assets </span><span class="pp-class-382 pa t30098 l48976 ls800">are </span><span class="pp-class-382 pa t30098 l48977 ls8853">measured </span><span class="pp-class-382 pa t30098 l48978 ls1083">at </span><span class="pp-class-382 pa t30098 l48979 ls1323">cost </span><span class="pp-class-382 pa t30098 l48980 ls1323">less </span><span class="pp-class-382 pa t30098 l48981 ls1244">accumulated </span><span class="pp-class-382 pa t30098 l48982 ls238">amortisation </span><span class="pp-class-382 pa t30098 l48983 ls1099">and </span><span class="pp-class-382 pa t30098 l48984 ls806">impairment </span><span class="pp-class-382 pa t30098 l48985 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls1323">cost </span><span class="pp-class-382 pa t30105 l48988 ls238">includes </span><span class="pp-class-382 pa t30105 l48989 ls1759">costs </span><span class="pp-class-382 pa t30105 l48990 ls1759">to </span><span class="pp-class-382 pa t30105 l48991 ls1083">external </span><span class="pp-class-382 pa t30105 l48992 ls819">suppliers, </span><span class="pp-class-382 pa t30105 l48993 ls3105">materials </span><span class="pp-class-382 pa t30105 l48994 ls858">and </span><span class="pp-class-382 pa t30105 l48995 ls806">components, </span><span class="pp-class-382 pa t30105 l48996 ls2760">direct </span><span class="pp-class-382 pa t30105 l48997 ls3623">wages, </span><span class="pp-class-382 pa t30105 l48998 ls1323">salaries, </span><span class="pp-class-382 pa t30110 l1592 ls858">and </span><span class="pp-class-382 pa t30110 l48999 ls852">interests </span><span class="pp-class-382 pa t30110 l49000 ls1323">paid </span><span class="pp-class-382 pa t30110 l49001 ls1080">as </span><span class="pp-class-382 pa t30110 l49002 ls1243">from </span><span class="pp-class-382 pa t30110 l26451 ls858">the </span><span class="pp-class-382 pa t30110 l49003 ls1323">time </span><span class="pp-class-382 pa t30110 l14934 ls103">of </span><span class="pp-class-382 pa t30110 l22438 ls8853">payment </span><span class="pp-class-382 pa t30110 l49004 ls1305">until </span><span class="pp-class-382 pa t30110 l49005 ls858">the </span><span class="pp-class-382 pa t30110 l49006 ls852">date </span><span class="pp-class-382 pa t30110 l49007 ls1323">when </span><span class="pp-class-382 pa t30110 l49008 ls1099">the </span><span class="pp-class-382 pa t30110 l49009 ls296">asset </span><span class="pp-class-382 pa t30110 l49010 ls1080">is </span><span class="pp-class-382 pa t30110 l49011 ls1316">available </span><span class="pp-class-382 pa t30110 l49012 ls3278">for </span><span class="pp-class-382 pa t30110 l49013 ls4275">use.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls238">assets </span><span class="pp-class-382 pa t37915 l49014 ls800">are </span><span class="pp-class-382 pa t37915 l49015 ls1257">amortised </span><span class="pp-class-382 pa t37915 l49016 ls1080">on </span><span class="pp-class-382 pa t37915 l49017 ls302">a </span><span class="pp-class-382 pa t37915 l49018 ls1316">straight-line </span><span class="pp-class-382 pa t37915 l49019 ls1759">basis </span><span class="pp-class-382 pa t37915 l49020 ls2671">over </span><span class="pp-class-382 pa t37915 l49021 ls858">the </span><span class="pp-class-382 pa t37915 l49022 ls3105">estimated </span><span class="pp-class-382 pa t37915 l49023 ls1941">useful </span><span class="pp-class-382 pa t37915 l49024 ls1150">life.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37930 l3 ls302">• </span><span class="pp-class-382 pa t37930 l1592 ls48986">The </span><span class="pp-class-382 pa t37930 l48987 ls2142">effect </span><span class="pp-class-382 pa t37930 l49025 ls1243">from </span><span class="pp-class-382 pa t37930 l49026 ls1237">changes </span><span class="pp-class-382 pa t37930 l49027 ls1080">in </span><span class="pp-class-382 pa t37930 l49028 ls238">amortisation </span><span class="pp-class-382 pa t37930 l49029 ls2486">period </span><span class="pp-class-382 pa t37930 l49030 ls1080">or </span><span class="pp-class-382 pa t37930 l49031 ls858">the </span><span class="pp-class-382 pa t37930 l49032 ls8853">residual </span><span class="pp-class-382 pa t37930 l49033 ls1083">value </span><span class="pp-class-382 pa t37930 l49034 ls1080">is </span><span class="pp-class-382 pa t37930 l49035 ls2970">recognised </span><span class="pp-class-382 pa t37930 l49036 ls3435">prospectively </span><span class="pp-class-382 pa t37942 l1592 ls1080">as </span><span class="pp-class-382 pa t37942 l49037 ls302">a </span><span class="pp-class-382 pa t37942 l49038 ls2486">change </span><span class="pp-class-382 pa t37942 l49039 ls1080">in </span><span class="pp-class-382 pa t37942 l49040 ls858">the </span><span class="pp-class-382 pa t37942 l49041 ls53">accounting </span><span class="pp-class-382 pa t37942 l49042 ls1083">estimate.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37943 l3 ls1237">Goodwill</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37948 l3 ls10900">At </span><span class="pp-class-382 pa t37948 l49043 ls1237">initial </span><span class="pp-class-382 pa t37948 l49044 ls2142">recognition </span><span class="pp-class-382 pa t37948 l49045 ls2694">goodwill </span><span class="pp-class-382 pa t37948 l49046 ls1080">is </span><span class="pp-class-382 pa t37948 l49047 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49048 ls1080">in </span><span class="pp-class-382 pa t37948 l49049 ls1099">the </span><span class="pp-class-382 pa t37948 l49050 ls1237">balance </span><span class="pp-class-382 pa t37948 l49051 ls296">sheet </span><span class="pp-class-382 pa t37948 l49052 ls1083">at </span><span class="pp-class-382 pa t37948 l49053 ls1110">cost, </span><span class="pp-class-382 pa t37948 l47266 ls1080">as </span><span class="pp-class-382 pa t37948 l49054 ls1073">described </span><span class="pp-class-382 pa t37948 l49055 ls1080">in </span><span class="pp-class-382 pa t37948 l49056 ls1859">note </span><span class="pp-class-382 pa t37948 l49057 ls18364">5.5 </span><span class="pp-class-382 pa t37961 l3 ls2671">‘Business-combinations’. </span><span class="pp-class-382 pa t37961 l49058 ls6791">Subsequently, </span><span class="pp-class-382 pa t37961 l49059 ls2694">goodwill </span><span class="pp-class-382 pa t37961 l49060 ls1080">is </span><span class="pp-class-382 pa t37961 l49061 ls8853">measured </span><span class="pp-class-382 pa t37961 l49062 ls1083">at </span><span class="pp-class-382 pa t37961 l49063 ls1323">cost </span><span class="pp-class-382 pa t37961 l49064 ls1323">less </span><span class="pp-class-382 pa t37961 l49065 ls1244">accumulated </span><span class="pp-class-382 pa t37961 l49066 ls1077">impairment </span><span class="pp-class-382 pa t37974 l3 ls1237">losses. </span><span class="pp-class-382 pa t37974 l49067 ls2694">Goodwill </span><span class="pp-class-382 pa t37974 l49068 ls1080">is </span><span class="pp-class-382 pa t37974 l49069 ls830">not </span><span class="pp-class-382 pa t37974 l30021 ls1126">amortised. </span><span class="pp-class-382 pa t37974 l49070 ls1080">An </span><span class="pp-class-382 pa t37974 l49071 ls806">impairment </span><span class="pp-class-382 pa t37974 l21824 ls1073">test </span><span class="pp-class-382 pa t37974 l20986 ls1080">is </span><span class="pp-class-382 pa t37974 l49072 ls1321">performed </span><span class="pp-class-382 pa t37974 l49073 ls1083">at </span><span class="pp-class-382 pa t37974 l44842 ls1759">least </span><span class="pp-class-382 pa t37974 l18710 ls1323">once </span><span class="pp-class-382 pa t37974 l45659 ls302">a </span><span class="pp-class-382 pa t37974 l49074 ls960">year </span><span class="pp-class-382 pa t37974 l49075 ls3278">together </span><span class="pp-class-382 pa t37974 l49076 ls1955">with </span><span class="pp-class-382 pa t49077 l3 ls296">other </span><span class="pp-class-382 pa t49077 l43926 ls1101">non-current </span><span class="pp-class-382 pa t49077 l49078 ls238">assets </span><span class="pp-class-382 pa t49077 l49079 ls103">of </span><span class="pp-class-382 pa t49077 l49080 ls858">the </span><span class="pp-class-382 pa t49077 l49081 ls2149">Group. </span><span class="pp-class-382 pa t49077 l49082 ls858">The </span><span class="pp-class-382 pa t49077 l49083 ls1099">carrying </span><span class="pp-class-382 pa t49077 l49084 ls1073">amount </span><span class="pp-class-382 pa t49077 l49085 ls103">of </span><span class="pp-class-382 pa t49077 l49086 ls2694">goodwill </span><span class="pp-class-382 pa t49077 l49087 ls1080">is </span><span class="pp-class-382 pa t49077 l49088 ls3105">allocated </span><span class="pp-class-382 pa t49077 l49089 ls1759">to </span><span class="pp-class-382 pa t49077 l25507 ls858">the </span><span class="pp-class-382 pa t49077 l49090 ls715">Group’s </span><span class="pp-class-382 pa t37975 l3 ls2970">cash-generating </span><span class="pp-class-382 pa t37975 l13907 ls1759">units </span><span class="pp-class-382 pa t37975 l49091 ls1083">at </span><span class="pp-class-382 pa t37975 l49092 ls858">the </span><span class="pp-class-382 pa t37975 l39474 ls1323">time </span><span class="pp-class-382 pa t37975 l49093 ls103">of </span><span class="pp-class-382 pa t37975 l49094 ls1772">acquisition.</span></p></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5180" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h49095 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies </span><span class="pp-class-382 pa t838 l30560 ls1326">(continued)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls4279">Development </span><span class="pp-class-383 pa t30083 l49096 ls5039">projects </span><span class="pp-class-383 pa t30083 l49097 ls1080">in </span><span class="pp-class-383 pa t30083 l49098 ls1150">progress</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls852">Development </span><span class="pp-class-382 pa t30087 l49099 ls3623">projects </span><span class="pp-class-382 pa t30087 l6065 ls1080">in </span><span class="pp-class-382 pa t30087 l49100 ls2145">progress, </span><span class="pp-class-382 pa t30087 l49101 ls1974">primarily </span><span class="pp-class-382 pa t30087 l49102 ls852">development </span><span class="pp-class-382 pa t30087 l49103 ls103">of </span><span class="pp-class-382 pa t30087 l49104 ls1080">IT </span><span class="pp-class-382 pa t30087 l49105 ls646">software, </span><span class="pp-class-382 pa t30087 l49106 ls800">are </span><span class="pp-class-382 pa t30087 l49107 ls2970">recognised </span><span class="pp-class-382 pa t30087 l49108 ls1080">as </span><span class="pp-class-382 pa t30087 l49109 ls1099">non-</span><span class="pp-class-382 pa t30093 l3 ls852">current </span><span class="pp-class-382 pa t30093 l46050 ls1701">intangible </span><span class="pp-class-382 pa t30093 l49110 ls238">assets </span><span class="pp-class-382 pa t30093 l29192 ls1080">if </span><span class="pp-class-382 pa t30093 l49111 ls858">the </span><span class="pp-class-382 pa t30093 l49112 ls4299">following </span><span class="pp-class-382 pa t30093 l49113 ls296">criteria </span><span class="pp-class-382 pa t30093 l49114 ls800">are </span><span class="pp-class-382 pa t30093 l49115 ls830">met:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls3623">projects </span><span class="pp-class-382 pa t30105 l49116 ls800">are </span><span class="pp-class-382 pa t30105 l49117 ls1194">clearly </span><span class="pp-class-382 pa t30105 l24249 ls1305">defined </span><span class="pp-class-382 pa t30105 l26926 ls858">and </span><span class="pp-class-382 pa t30105 l49118 ls2489">identifiable.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30110 l3 ls302">• </span><span class="pp-class-382 pa t30110 l1592 ls48986">The </span><span class="pp-class-382 pa t30110 l48987 ls2784">Group </span><span class="pp-class-382 pa t30110 l49119 ls4275">intends </span><span class="pp-class-382 pa t30110 l49120 ls1759">to </span><span class="pp-class-382 pa t30110 l49121 ls858">use </span><span class="pp-class-382 pa t30110 l49122 ls858">the </span><span class="pp-class-382 pa t30110 l49123 ls3623">projects </span><span class="pp-class-382 pa t30110 l3168 ls1323">once </span><span class="pp-class-382 pa t30110 l49124 ls3278">completed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls1083">future </span><span class="pp-class-382 pa t37915 l49125 ls2694">earnings </span><span class="pp-class-382 pa t37915 l49126 ls1243">from </span><span class="pp-class-382 pa t37915 l12960 ls858">the </span><span class="pp-class-382 pa t37915 l49127 ls3623">projects </span><span class="pp-class-382 pa t37915 l49128 ls800">are </span><span class="pp-class-382 pa t37915 l49129 ls828">expected </span><span class="pp-class-382 pa t37915 l49130 ls1759">to </span><span class="pp-class-382 pa t37915 l49131 ls646">cover </span><span class="pp-class-382 pa t37915 l49132 ls1099">the </span><span class="pp-class-382 pa t37915 l49133 ls960">development </span><span class="pp-class-382 pa t37930 l1592 ls858">and </span><span class="pp-class-382 pa t37930 l48999 ls11245">administrative </span><span class="pp-class-382 pa t37930 l49134 ls2486">costs, </span><span class="pp-class-382 pa t37930 l49135 ls1080">and</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37942 l3 ls302">• </span><span class="pp-class-382 pa t37942 l1592 ls48986">The </span><span class="pp-class-382 pa t37942 l48987 ls1759">costs </span><span class="pp-class-382 pa t37942 l49136 ls858">can </span><span class="pp-class-382 pa t37942 l49137 ls1080">be </span><span class="pp-class-382 pa t37942 l49138 ls7858">reliably </span><span class="pp-class-382 pa t37942 l49139 ls8853">measured.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls238">amortisation </span><span class="pp-class-382 pa t37943 l49140 ls103">of </span><span class="pp-class-382 pa t37943 l42770 ls3474">capitalised </span><span class="pp-class-382 pa t37943 l49141 ls852">development </span><span class="pp-class-382 pa t37943 l49142 ls3623">projects </span><span class="pp-class-382 pa t37943 l49143 ls858">starts </span><span class="pp-class-382 pa t37943 l44938 ls2842">after </span><span class="pp-class-382 pa t37943 l49144 ls1099">the </span><span class="pp-class-382 pa t37943 l20742 ls1271">completion </span><span class="pp-class-382 pa t37943 l49145 ls103">of </span><span class="pp-class-382 pa t37943 l49146 ls858">the </span><span class="pp-class-382 pa t37943 l49147 ls960">development </span><span class="pp-class-382 pa t37948 l3 ls2787">project </span><span class="pp-class-382 pa t37948 l49148 ls858">and </span><span class="pp-class-382 pa t37948 l49149 ls1080">is </span><span class="pp-class-382 pa t37948 l49150 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49151 ls1080">on </span><span class="pp-class-382 pa t37948 l17662 ls302">a </span><span class="pp-class-382 pa t37948 l49152 ls1316">straight-line </span><span class="pp-class-382 pa t37948 l49153 ls1759">basis </span><span class="pp-class-382 pa t37948 l49154 ls2671">over </span><span class="pp-class-382 pa t37948 l49155 ls1099">the </span><span class="pp-class-382 pa t37948 l49156 ls828">expected </span><span class="pp-class-382 pa t37948 l49157 ls1941">useful </span><span class="pp-class-382 pa t37948 l49158 ls2854">life, </span><span class="pp-class-382 pa t37948 l49159 ls1759">which </span><span class="pp-class-382 pa t37948 l49160 ls2944">normally </span><span class="pp-class-382 pa t37948 l49161 ls1080">is </span><span class="pp-class-382 pa t37948 l49162 ls332">3-5 </span><span class="pp-class-382 pa t37961 l3 ls2889">years, </span><span class="pp-class-382 pa t37961 l49163 ls858">but </span><span class="pp-class-382 pa t37961 l49164 ls1080">in </span><span class="pp-class-382 pa t37961 l49165 ls99">certain </span><span class="pp-class-382 pa t37961 l49166 ls1759">cases </span><span class="pp-class-382 pa t37961 l49167 ls1080">up </span><span class="pp-class-382 pa t37961 l49168 ls1759">to </span><span class="pp-class-382 pa t37961 l49169 ls1772">10 </span><span class="pp-class-382 pa t37961 l49170 ls2142">years </span><span class="pp-class-382 pa t37961 l49171 ls1323">(the </span><span class="pp-class-382 pa t37961 l49172 ls800">latter </span><span class="pp-class-382 pa t37961 l49173 ls1237">applies </span><span class="pp-class-382 pa t37961 l49174 ls1759">to </span><span class="pp-class-382 pa t37961 l49175 ls806">significant </span><span class="pp-class-382 pa t37961 l49176 ls4305">internally </span><span class="pp-class-382 pa t37961 l49177 ls960">developed </span><span class="pp-class-382 pa t37974 l3 ls2970">commercial </span><span class="pp-class-382 pa t37974 l49178 ls858">and </span><span class="pp-class-382 pa t37974 l49179 ls2944">operational </span><span class="pp-class-382 pa t37974 l49180 ls4305">systems).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37975 l3 ls1759">Other </span><span class="pp-class-383 pa t37975 l49181 ls1271">non-current </span><span class="pp-class-383 pa t37975 l49182 ls1818">intangible </span><span class="pp-class-383 pa t37975 l49183 ls1305">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37977 l3 ls1759">Other </span><span class="pp-class-382 pa t37977 l49184 ls1101">non-current </span><span class="pp-class-382 pa t37977 l49185 ls1701">intangible </span><span class="pp-class-382 pa t37977 l46124 ls238">assets </span><span class="pp-class-382 pa t37977 l49186 ls2694">comprise </span><span class="pp-class-382 pa t37977 l49187 ls858">the </span><span class="pp-class-382 pa t37977 l49188 ls1083">value </span><span class="pp-class-382 pa t37977 l49189 ls103">of </span><span class="pp-class-382 pa t37977 l49190 ls296">customer </span><span class="pp-class-382 pa t37977 l49191 ls2760">relations </span><span class="pp-class-382 pa t37977 l49192 ls1080">or </span><span class="pp-class-382 pa t37977 l49193 ls46774">similar, </span><span class="pp-class-382 pa t37977 l49194 ls806">identified </span><span class="pp-class-382 pa t37977 l49195 ls278">as </span><span class="pp-class-382 pa t36901 l3 ls658">part </span><span class="pp-class-382 pa t36901 l6838 ls103">of </span><span class="pp-class-382 pa t36901 l44486 ls2694">business </span><span class="pp-class-382 pa t36901 l49196 ls2842">combinations, </span><span class="pp-class-382 pa t36901 l49197 ls858">and </span><span class="pp-class-382 pa t36901 l49198 ls1759">which </span><span class="pp-class-382 pa t36901 l49199 ls858">has </span><span class="pp-class-382 pa t36901 l49200 ls238">definite </span><span class="pp-class-382 pa t36901 l49201 ls1941">useful </span><span class="pp-class-382 pa t36901 l49202 ls2854">life. </span><span class="pp-class-382 pa t36901 l49203 ls1759">Other </span><span class="pp-class-382 pa t36901 l49204 ls1101">non-current </span><span class="pp-class-382 pa t36901 l49205 ls1701">intangible </span><span class="pp-class-382 pa t36901 l49206 ls869">assets </span><span class="pp-class-382 pa t36903 l3 ls800">are </span><span class="pp-class-382 pa t36903 l43707 ls8853">measured </span><span class="pp-class-382 pa t36903 l30316 ls1083">at </span><span class="pp-class-382 pa t36903 l49207 ls1323">cost </span><span class="pp-class-382 pa t36903 l49208 ls1323">less </span><span class="pp-class-382 pa t36903 l30715 ls1244">accumulated </span><span class="pp-class-382 pa t36903 l49209 ls238">amortisation </span><span class="pp-class-382 pa t36903 l49210 ls858">and </span><span class="pp-class-382 pa t36903 l49211 ls806">impairment </span><span class="pp-class-382 pa t36903 l49212 ls1237">losses. </span><span class="pp-class-382 pa t36903 l49213 ls238">Amortisation </span><span class="pp-class-382 pa t36903 l49214 ls278">is </span><span class="pp-class-382 pa t36916 l3 ls2970">recognised </span><span class="pp-class-382 pa t36916 l44565 ls1080">on </span><span class="pp-class-382 pa t36916 l49215 ls302">a </span><span class="pp-class-382 pa t36916 l49216 ls1316">straight-line </span><span class="pp-class-382 pa t36916 l46124 ls1759">basis </span><span class="pp-class-382 pa t36916 l49217 ls2671">over </span><span class="pp-class-382 pa t36916 l45955 ls858">the </span><span class="pp-class-382 pa t36916 l49218 ls828">expected </span><span class="pp-class-382 pa t36916 l49219 ls1941">useful </span><span class="pp-class-382 pa t36916 l49220 ls2854">life, </span><span class="pp-class-382 pa t36916 l49221 ls1759">which </span><span class="pp-class-382 pa t36916 l49222 ls2944">normally </span><span class="pp-class-382 pa t36916 l49223 ls1080">is </span><span class="pp-class-382 pa t36916 l49224 ls302">3-5 </span><span class="pp-class-382 pa t36916 l49225 ls2889">years, </span><span class="pp-class-382 pa t36916 l31814 ls1945">except </span><span class="pp-class-382 pa t36920 l3 ls1243">from </span><span class="pp-class-382 pa t36920 l49226 ls296">customer </span><span class="pp-class-382 pa t36920 l49227 ls53">portfolio </span><span class="pp-class-382 pa t36920 l49228 ls1759">which </span><span class="pp-class-382 pa t36920 l49229 ls1080">is </span><span class="pp-class-382 pa t36920 l49230 ls1080">up </span><span class="pp-class-382 pa t36920 l24295 ls1759">to </span><span class="pp-class-382 pa t36920 l49231 ls1080">15 </span><span class="pp-class-382 pa t36920 l49232 ls2142">years.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t38016 l3 ls56">Port </span><span class="pp-class-383 pa t38016 l49233 ls819">concession </span><span class="pp-class-383 pa t38016 l49234 ls1305">rights</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49235 l3 ls99">Port </span><span class="pp-class-382 pa t49235 l26479 ls819">concession </span><span class="pp-class-382 pa t49235 l49236 ls1073">rights </span><span class="pp-class-382 pa t49235 l49237 ls2694">comprise </span><span class="pp-class-382 pa t49235 l24137 ls858">the </span><span class="pp-class-382 pa t49235 l49238 ls1083">value </span><span class="pp-class-382 pa t49235 l49239 ls103">of </span><span class="pp-class-382 pa t49235 l5934 ls1772">access </span><span class="pp-class-382 pa t49235 l44427 ls1759">to </span><span class="pp-class-382 pa t49235 l49240 ls2671">strategically </span><span class="pp-class-382 pa t49235 l49241 ls1772">placed </span><span class="pp-class-382 pa t49235 l43764 ls155">ports </span><span class="pp-class-382 pa t49235 l49242 ls1759">which </span><span class="pp-class-382 pa t49235 l49243 ls1080">is </span><span class="pp-class-382 pa t49235 l49244 ls2113">recognised </span><span class="pp-class-382 pa t38021 l3 ls1083">at </span><span class="pp-class-382 pa t38021 l44213 ls1759">their </span><span class="pp-class-382 pa t38021 l49245 ls3278">fair </span><span class="pp-class-382 pa t38021 l49246 ls1083">value </span><span class="pp-class-382 pa t38021 l49247 ls1083">at </span><span class="pp-class-382 pa t38021 l49248 ls1099">the </span><span class="pp-class-382 pa t38021 l49249 ls1772">acquisition </span><span class="pp-class-382 pa t38021 l49250 ls2688">date. </span><span class="pp-class-382 pa t38021 l49251 ls2760">Acquired </span><span class="pp-class-382 pa t38021 l49252 ls658">port </span><span class="pp-class-382 pa t38021 l49253 ls819">concession </span><span class="pp-class-382 pa t38021 l49254 ls1073">rights </span><span class="pp-class-382 pa t38021 l49255 ls800">are </span><span class="pp-class-382 pa t38021 l49256 ls1257">amortised </span><span class="pp-class-382 pa t38021 l49257 ls2671">over </span><span class="pp-class-382 pa t38021 l49258 ls302">the </span><span class="pp-class-382 pa t38024 l3 ls819">concession </span><span class="pp-class-382 pa t38024 l43266 ls2486">period.</span></p></div></div><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls1271">Non-current </span><span class="pp-class-383 pa t30083 l48964 ls238">tangible </span><span class="pp-class-383 pa t30083 l49612 ls1305">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls858">The </span><span class="pp-class-382 pa t30087 l16631 ls4299">following </span><span class="pp-class-382 pa t30087 l45286 ls1237">applies </span><span class="pp-class-382 pa t30087 l30944 ls2486">unless </span><span class="pp-class-382 pa t30087 l49613 ls1077">otherwise </span><span class="pp-class-382 pa t30087 l34346 ls1974">stated:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30098 l3 ls302">• </span><span class="pp-class-382 pa t30098 l1592 ls48975">Assets </span><span class="pp-class-382 pa t30098 l48976 ls800">are </span><span class="pp-class-382 pa t30098 l48977 ls8853">measured </span><span class="pp-class-382 pa t30098 l48978 ls1083">at </span><span class="pp-class-382 pa t30098 l48979 ls1323">cost </span><span class="pp-class-382 pa t30098 l48980 ls1323">less </span><span class="pp-class-382 pa t30098 l48981 ls1244">accumulated </span><span class="pp-class-382 pa t30098 l48982 ls3623">depreciation </span><span class="pp-class-382 pa t30098 l49614 ls1099">and </span><span class="pp-class-382 pa t30098 l49615 ls806">impairment </span><span class="pp-class-382 pa t30098 l49616 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls1323">cost </span><span class="pp-class-382 pa t30105 l48988 ls238">includes </span><span class="pp-class-382 pa t30105 l48989 ls1759">costs </span><span class="pp-class-382 pa t30105 l48990 ls1759">to </span><span class="pp-class-382 pa t30105 l48991 ls1083">external </span><span class="pp-class-382 pa t30105 l48992 ls819">suppliers, </span><span class="pp-class-382 pa t30105 l48993 ls3105">materials </span><span class="pp-class-382 pa t30105 l48994 ls858">and </span><span class="pp-class-382 pa t30105 l48995 ls806">components, </span><span class="pp-class-382 pa t30105 l48996 ls2760">direct </span><span class="pp-class-382 pa t30105 l48997 ls3623">wages, </span><span class="pp-class-382 pa t30105 l48998 ls99">salaries </span><span class="pp-class-382 pa t30110 l1592 ls858">and </span><span class="pp-class-382 pa t30110 l48999 ls852">interests </span><span class="pp-class-382 pa t30110 l49000 ls1323">paid </span><span class="pp-class-382 pa t30110 l49001 ls1080">as </span><span class="pp-class-382 pa t30110 l49002 ls1243">from </span><span class="pp-class-382 pa t30110 l26451 ls858">the </span><span class="pp-class-382 pa t30110 l49003 ls1323">time </span><span class="pp-class-382 pa t30110 l14934 ls103">of </span><span class="pp-class-382 pa t30110 l22438 ls8853">payment </span><span class="pp-class-382 pa t30110 l49004 ls1305">until </span><span class="pp-class-382 pa t30110 l49005 ls858">the </span><span class="pp-class-382 pa t30110 l49006 ls852">date </span><span class="pp-class-382 pa t30110 l49007 ls1323">when </span><span class="pp-class-382 pa t30110 l49008 ls1099">the </span><span class="pp-class-382 pa t30110 l49009 ls296">asset </span><span class="pp-class-382 pa t30110 l49010 ls1080">is </span><span class="pp-class-382 pa t30110 l49011 ls1316">available </span><span class="pp-class-382 pa t30110 l49012 ls3278">for </span><span class="pp-class-382 pa t30110 l49013 ls99">use. </span><span class="pp-class-382 pa t37915 l1592 ls858">The </span><span class="pp-class-382 pa t37915 l48987 ls1323">cost </span><span class="pp-class-382 pa t37915 l48988 ls1759">price </span><span class="pp-class-382 pa t37915 l49617 ls1323">also </span><span class="pp-class-382 pa t37915 l49618 ls1073">comprises </span><span class="pp-class-382 pa t37915 l49003 ls1759">gains </span><span class="pp-class-382 pa t37915 l49619 ls1099">and </span><span class="pp-class-382 pa t37915 l15315 ls2486">losses </span><span class="pp-class-382 pa t37915 l49620 ls1080">on </span><span class="pp-class-382 pa t37915 l49621 ls3623">transactions </span><span class="pp-class-382 pa t37915 l49622 ls803">designated </span><span class="pp-class-382 pa t37915 l49623 ls1080">as </span><span class="pp-class-382 pa t37915 l49624 ls2486">hedges.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37930 l3 ls302">• </span><span class="pp-class-382 pa t37930 l1592 ls48986">The </span><span class="pp-class-382 pa t37930 l48987 ls1759">basis </span><span class="pp-class-382 pa t37930 l49625 ls3278">for </span><span class="pp-class-382 pa t37930 l24016 ls3623">depreciation </span><span class="pp-class-382 pa t37930 l49626 ls1080">is </span><span class="pp-class-382 pa t37930 l49627 ls2489">determined </span><span class="pp-class-382 pa t37930 l49628 ls1080">as </span><span class="pp-class-382 pa t37930 l49629 ls858">the </span><span class="pp-class-382 pa t37930 l49630 ls1323">cost </span><span class="pp-class-382 pa t37930 l49631 ls1323">less </span><span class="pp-class-382 pa t37930 l49632 ls3105">estimated </span><span class="pp-class-382 pa t37930 l49633 ls8853">residual </span><span class="pp-class-382 pa t37930 l49634 ls7855">value.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37942 l3 ls302">• </span><span class="pp-class-382 pa t37942 l1592 ls48986">The </span><span class="pp-class-382 pa t37942 l48987 ls238">assets </span><span class="pp-class-382 pa t37942 l49014 ls800">are </span><span class="pp-class-382 pa t37942 l49015 ls1194">depreciated </span><span class="pp-class-382 pa t37942 l49635 ls1080">on </span><span class="pp-class-382 pa t37942 l49636 ls302">a </span><span class="pp-class-382 pa t37942 l49637 ls1316">straight-line </span><span class="pp-class-382 pa t37942 l49638 ls1759">basis </span><span class="pp-class-382 pa t37942 l49639 ls2671">over </span><span class="pp-class-382 pa t37942 l46707 ls858">the </span><span class="pp-class-382 pa t37942 l49640 ls3105">estimated </span><span class="pp-class-382 pa t37942 l49641 ls1941">useful </span><span class="pp-class-382 pa t37942 l49642 ls3278">life </span><span class="pp-class-382 pa t37942 l49643 ls1759">to </span><span class="pp-class-382 pa t37942 l49644 ls1099">the </span><span class="pp-class-382 pa t37942 l49645 ls3278">estimated </span><span class="pp-class-382 pa t49646 l1592 ls8853">residual </span><span class="pp-class-382 pa t49646 l49647 ls7855">value.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls302">• </span><span class="pp-class-382 pa t37943 l1592 ls25707">Estimated </span><span class="pp-class-382 pa t37943 l49648 ls1941">useful </span><span class="pp-class-382 pa t37943 l49649 ls3278">life </span><span class="pp-class-382 pa t37943 l49650 ls858">and </span><span class="pp-class-382 pa t37943 l49651 ls3105">estimated </span><span class="pp-class-382 pa t37943 l49652 ls8853">residual </span><span class="pp-class-382 pa t37943 l49653 ls1150">values </span><span class="pp-class-382 pa t37943 l49654 ls800">are </span><span class="pp-class-382 pa t37943 l49655 ls2970">reassessed </span><span class="pp-class-382 pa t37943 l49656 ls1083">at </span><span class="pp-class-382 pa t37943 l49657 ls1759">least </span><span class="pp-class-382 pa t37943 l49658 ls1323">once </span><span class="pp-class-382 pa t37943 l49659 ls302">a </span><span class="pp-class-382 pa t37943 l49660 ls648">year. </span><span class="pp-class-382 pa t37943 l49661 ls278">In </span><span class="pp-class-382 pa t37948 l1592 ls688">estimating </span><span class="pp-class-382 pa t37948 l49662 ls858">the </span><span class="pp-class-382 pa t37948 l49663 ls3105">estimated </span><span class="pp-class-382 pa t37948 l49664 ls1941">useful </span><span class="pp-class-382 pa t37948 l49665 ls3278">life </span><span class="pp-class-382 pa t37948 l49666 ls3278">for </span><span class="pp-class-382 pa t37948 l49667 ls2489">ferries </span><span class="pp-class-382 pa t37948 l16862 ls1099">and </span><span class="pp-class-382 pa t37948 l49668 ls296">other </span><span class="pp-class-382 pa t37948 l49669 ls1759">ships </span><span class="pp-class-382 pa t37948 l49670 ls1080">it </span><span class="pp-class-382 pa t37948 l49671 ls1080">is </span><span class="pp-class-382 pa t37948 l49672 ls2784">taken </span><span class="pp-class-382 pa t37948 l49673 ls3474">into </span><span class="pp-class-382 pa t37948 l49674 ls852">consideration </span><span class="pp-class-382 pa t37948 l49675 ls806">that </span><span class="pp-class-382 pa t37961 l1592 ls1323">DFDS </span><span class="pp-class-382 pa t37961 l49676 ls1148">continuously </span><span class="pp-class-382 pa t37961 l49677 ls1080">is </span><span class="pp-class-382 pa t37961 l49678 ls2694">spending </span><span class="pp-class-382 pa t37961 l49679 ls1701">substantial </span><span class="pp-class-382 pa t37961 l49680 ls1759">funds </span><span class="pp-class-382 pa t37961 l49681 ls1080">on </span><span class="pp-class-382 pa t37961 l49682 ls1237">ongoing </span><span class="pp-class-382 pa t37961 l49683 ls688">maintenance.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37974 l3 ls302">• </span><span class="pp-class-382 pa t37974 l1592 ls48986">The </span><span class="pp-class-382 pa t37974 l48987 ls2142">effect </span><span class="pp-class-382 pa t37974 l49025 ls1243">from </span><span class="pp-class-382 pa t37974 l49026 ls1237">changes </span><span class="pp-class-382 pa t37974 l49027 ls1080">in </span><span class="pp-class-382 pa t37974 l49028 ls3623">depreciation </span><span class="pp-class-382 pa t37974 l49684 ls2486">period </span><span class="pp-class-382 pa t37974 l49685 ls1080">or </span><span class="pp-class-382 pa t37974 l49686 ls858">the </span><span class="pp-class-382 pa t37974 l49687 ls8853">residual </span><span class="pp-class-382 pa t37974 l49688 ls1083">value </span><span class="pp-class-382 pa t37974 l49689 ls1080">is </span><span class="pp-class-382 pa t37974 l20386 ls2970">recognised </span><span class="pp-class-382 pa t37974 l49690 ls1864">prospectively </span><span class="pp-class-382 pa t37974 l49691 ls278">as </span><span class="pp-class-382 pa t49077 l1592 ls302">a </span><span class="pp-class-382 pa t49077 l49692 ls2486">change </span><span class="pp-class-382 pa t49077 l49693 ls1080">in </span><span class="pp-class-382 pa t49077 l3997 ls858">the </span><span class="pp-class-382 pa t49077 l12205 ls53">accounting </span><span class="pp-class-382 pa t49077 l49694 ls1083">estimate.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls830">Ferries </span><span class="pp-class-383 pa t37977 l49695 ls858">and </span><span class="pp-class-383 pa t37977 l49696 ls1305">other </span><span class="pp-class-383 pa t37977 l49697 ls1323">ships</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls858">The </span><span class="pp-class-382 pa t36901 l16631 ls7756">rebuilding/upgrade </span><span class="pp-class-382 pa t36901 l43974 ls103">of </span><span class="pp-class-382 pa t36901 l10306 ls2489">ferries </span><span class="pp-class-382 pa t36901 l13016 ls858">and </span><span class="pp-class-382 pa t36901 l49698 ls296">other </span><span class="pp-class-382 pa t36901 l49699 ls1759">ships </span><span class="pp-class-382 pa t36901 l49700 ls1080">is </span><span class="pp-class-382 pa t36901 l49701 ls3474">capitalised </span><span class="pp-class-382 pa t36901 l49702 ls1080">if </span><span class="pp-class-382 pa t36901 l49703 ls1099">the </span><span class="pp-class-382 pa t36901 l49704 ls7756">rebuilding/upgrade </span><span class="pp-class-382 pa t36901 l49705 ls858">can </span><span class="pp-class-382 pa t36901 l49706 ls278">be </span><span class="pp-class-382 pa t36903 l3 ls3623">attributed </span><span class="pp-class-382 pa t36903 l49707 ls1759">to:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36920 l3 ls302">• </span><span class="pp-class-382 pa t36920 l1592 ls45899">Safety </span><span class="pp-class-382 pa t36920 l49708 ls8853">measures.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36928 l3 ls302">• </span><span class="pp-class-382 pa t36928 l1592 ls49709">Measures </span><span class="pp-class-382 pa t36928 l49710 ls1759">to </span><span class="pp-class-382 pa t36928 l49711 ls4305">extend </span><span class="pp-class-382 pa t36928 l49712 ls858">the </span><span class="pp-class-382 pa t36928 l49713 ls1941">useful </span><span class="pp-class-382 pa t36928 l49543 ls3278">life </span><span class="pp-class-382 pa t36928 l49714 ls103">of </span><span class="pp-class-382 pa t36928 l49715 ls858">the </span><span class="pp-class-382 pa t36928 l49716 ls2489">ferries </span><span class="pp-class-382 pa t36928 l49717 ls858">and </span><span class="pp-class-382 pa t36928 l49718 ls296">other </span><span class="pp-class-382 pa t36928 l49719 ls1759">ships.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t38016 l3 ls302">• </span><span class="pp-class-382 pa t38016 l1592 ls49709">Measures </span><span class="pp-class-382 pa t38016 l49710 ls1759">to </span><span class="pp-class-382 pa t38016 l49711 ls1083">reduce </span><span class="pp-class-382 pa t38016 l449 ls2970">climate </span><span class="pp-class-382 pa t38016 l49720 ls1772">impact.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49235 l3 ls302">• </span><span class="pp-class-382 pa t49235 l1592 ls49709">Measures </span><span class="pp-class-382 pa t49235 l49710 ls1759">to </span><span class="pp-class-382 pa t49235 l49711 ls2143">improve </span><span class="pp-class-382 pa t49235 l49721 ls2694">earnings.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t38021 l3 ls302">• </span><span class="pp-class-382 pa t38021 l1592 ls20786">Docking.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t38039 l3 ls1701">Maintenance </span><span class="pp-class-382 pa t38039 l30890 ls858">and </span><span class="pp-class-382 pa t38039 l49722 ls7094">daily </span><span class="pp-class-382 pa t38039 l49723 ls1237">running </span><span class="pp-class-382 pa t38039 l17625 ls1759">costs </span><span class="pp-class-382 pa t38039 l49724 ls3278">for </span><span class="pp-class-382 pa t38039 l49725 ls858">the </span><span class="pp-class-382 pa t38039 l49726 ls2489">ferries </span><span class="pp-class-382 pa t38039 l49727 ls858">and </span><span class="pp-class-382 pa t38039 l49728 ls296">other </span><span class="pp-class-382 pa t38039 l49729 ls1759">ships </span><span class="pp-class-382 pa t38039 l49730 ls800">are </span><span class="pp-class-382 pa t38039 l49731 ls8853">expensed </span><span class="pp-class-382 pa t38039 l49732 ls1080">in </span><span class="pp-class-382 pa t38039 l49733 ls1099">the </span><span class="pp-class-382 pa t38039 l49734 ls1110">income </span><span class="pp-class-382 pa t49735 l3 ls1150">statement </span><span class="pp-class-382 pa t49735 l4002 ls1080">as </span><span class="pp-class-382 pa t49735 l49736 ls960">incurred. </span><span class="pp-class-382 pa t49735 l49737 ls1237">Docking </span><span class="pp-class-382 pa t49735 l49738 ls1759">costs </span><span class="pp-class-382 pa t49735 l49739 ls800">are </span><span class="pp-class-382 pa t49735 l49740 ls3474">capitalised </span><span class="pp-class-382 pa t49735 l49741 ls858">and </span><span class="pp-class-382 pa t49735 l49742 ls1194">depreciated </span><span class="pp-class-382 pa t49735 l49743 ls1080">on </span><span class="pp-class-382 pa t49735 l49744 ls302">a </span><span class="pp-class-382 pa t49735 l49745 ls1316">straight-line </span><span class="pp-class-382 pa t49735 l49746 ls1759">basis </span><span class="pp-class-382 pa t49735 l49747 ls1110">until </span><span class="pp-class-382 pa t49748 l3 ls858">the </span><span class="pp-class-382 pa t49748 l43824 ls1321">ferries' </span><span class="pp-class-382 pa t49748 l49749 ls1080">or </span><span class="pp-class-382 pa t49748 l49750 ls2486">ships' </span><span class="pp-class-382 pa t49748 l49751 ls1243">next </span><span class="pp-class-382 pa t49748 l49752 ls2694">docking. </span><span class="pp-class-382 pa t49748 l49753 ls1080">In </span><span class="pp-class-382 pa t49748 l49754 ls1323">most </span><span class="pp-class-382 pa t49748 l49755 ls2486">cases, </span><span class="pp-class-382 pa t49748 l49756 ls858">the </span><span class="pp-class-382 pa t49748 l49757 ls1237">docking </span><span class="pp-class-382 pa t49748 l49758 ls2842">interval </span><span class="pp-class-382 pa t49748 l49759 ls1080">is </span><span class="pp-class-382 pa t49748 l49760 ls302">2 </span><span class="pp-class-382 pa t49748 l49761 ls2142">years </span><span class="pp-class-382 pa t49748 l49762 ls3278">for </span><span class="pp-class-382 pa t49748 l49763 ls1073">passenger </span><span class="pp-class-382 pa t49748 l49764 ls1110">cruise </span><span class="pp-class-382 pa t49765 l3 ls2489">ferries </span><span class="pp-class-382 pa t49765 l49766 ls858">and </span><span class="pp-class-382 pa t49765 l46034 ls1080">2½ </span><span class="pp-class-382 pa t49765 l49767 ls2142">years </span><span class="pp-class-382 pa t49765 l17433 ls3278">for </span><span class="pp-class-382 pa t49765 l49768 ls852">freight </span><span class="pp-class-382 pa t49765 l49769 ls858">and </span><span class="pp-class-382 pa t49765 l49770 ls1073">passenger </span><span class="pp-class-382 pa t49765 l49771 ls2489">ferries </span><span class="pp-class-382 pa t49765 l49772 ls1080">as </span><span class="pp-class-382 pa t49765 l49773 ls960">well </span><span class="pp-class-382 pa t49765 l49774 ls1080">as </span><span class="pp-class-382 pa t49765 l49775 ls852">freight </span><span class="pp-class-382 pa t49765 l49776 ls2489">ferries.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1759">Gains </span><span class="pp-class-382 pa t49777 l49778 ls1080">or </span><span class="pp-class-382 pa t49777 l49779 ls2486">losses </span><span class="pp-class-382 pa t49777 l49780 ls1080">on </span><span class="pp-class-382 pa t49777 l48713 ls858">the </span><span class="pp-class-382 pa t49777 l49781 ls2694">disposal </span><span class="pp-class-382 pa t49777 l49197 ls103">of </span><span class="pp-class-382 pa t49777 l49782 ls2489">ferries </span><span class="pp-class-382 pa t49777 l49783 ls1099">and </span><span class="pp-class-382 pa t49777 l49784 ls296">other </span><span class="pp-class-382 pa t49777 l49785 ls1759">ships </span><span class="pp-class-382 pa t49777 l49786 ls800">are </span><span class="pp-class-382 pa t49777 l49787 ls803">calculated </span><span class="pp-class-382 pa t49777 l49788 ls1080">as </span><span class="pp-class-382 pa t49777 l49789 ls858">the </span><span class="pp-class-382 pa t49777 l49790 ls1974">difference </span><span class="pp-class-382 pa t49777 l49791 ls688">between </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1759">sales </span><span class="pp-class-382 pa t49792 l18526 ls1759">price </span><span class="pp-class-382 pa t49792 l49793 ls1323">less </span><span class="pp-class-382 pa t49792 l42422 ls1759">sales </span><span class="pp-class-382 pa t49792 l49794 ls1759">costs </span><span class="pp-class-382 pa t49792 l49795 ls858">and </span><span class="pp-class-382 pa t49792 l49796 ls858">the </span><span class="pp-class-382 pa t49792 l49797 ls1323">book </span><span class="pp-class-382 pa t49792 l49798 ls1083">value </span><span class="pp-class-382 pa t49792 l49799 ls1083">at </span><span class="pp-class-382 pa t49792 l49800 ls2694">disposal </span><span class="pp-class-382 pa t49792 l49801 ls2688">date. </span><span class="pp-class-382 pa t49792 l49802 ls1759">Gains </span><span class="pp-class-382 pa t49792 l49803 ls1080">or </span><span class="pp-class-382 pa t49792 l49804 ls2486">losses </span><span class="pp-class-382 pa t49792 l49805 ls1080">on </span><span class="pp-class-382 pa t49792 l49806 ls1099">the </span><span class="pp-class-382 pa t49792 l49807 ls99">disposal </span><span class="pp-class-382 pa t49808 l3 ls103">of </span><span class="pp-class-382 pa t49808 l29517 ls2489">ferries </span><span class="pp-class-382 pa t49808 l49809 ls858">and </span><span class="pp-class-382 pa t49808 l49810 ls296">other </span><span class="pp-class-382 pa t49808 l49811 ls1759">ships </span><span class="pp-class-382 pa t49808 l49812 ls800">are </span><span class="pp-class-382 pa t49808 l49813 ls2970">recognised </span><span class="pp-class-382 pa t49808 l49814 ls1323">when </span><span class="pp-class-382 pa t49808 l49815 ls852">control </span><span class="pp-class-382 pa t49808 l49816 ls185">have </span><span class="pp-class-382 pa t49808 l49817 ls864">transferred </span><span class="pp-class-382 pa t49808 l49818 ls1759">to </span><span class="pp-class-382 pa t49808 l49819 ls1099">the </span><span class="pp-class-382 pa t49808 l49820 ls2142">buyer </span><span class="pp-class-382 pa t49808 l49821 ls1099">and </span><span class="pp-class-382 pa t49808 l49822 ls2970">are </span><span class="pp-class-382 pa t49823 l3 ls852">presented </span><span class="pp-class-382 pa t49823 l49824 ls1080">in </span><span class="pp-class-382 pa t49823 l42826 ls858">the </span><span class="pp-class-382 pa t49823 l37670 ls2486">income </span><span class="pp-class-382 pa t49823 l49825 ls1150">statement </span><span class="pp-class-382 pa t49823 l17570 ls1080">as </span><span class="pp-class-382 pa t49823 l49826 ls1148">‘Profit </span><span class="pp-class-382 pa t49823 l49827 ls1080">on </span><span class="pp-class-382 pa t49823 l49828 ls2694">disposal </span><span class="pp-class-382 pa t49823 l47897 ls103">of </span><span class="pp-class-382 pa t49823 l49829 ls1101">non-current </span><span class="pp-class-382 pa t49823 l49830 ls3474">assets, </span><span class="pp-class-382 pa t49823 l49831 ls10753">net’.</span></p><div class="pp-class-363 pp-class-395" id="pp-id-5187" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h49832 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span><span class="pp-class-386 pa t640 l49833"/><span class="pp-class-388 pa t640 l30560"/><span class="pp-class-388 pa t640 l49834 ls168">(continued)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30083 l3 ls806">Passenger </span><span class="pp-class-383 pa t30083 l17137 ls2486">cruise </span><span class="pp-class-383 pa t30083 l10216 ls830">ferries </span><span class="pp-class-383 pa t30083 l49835 ls858">and </span><span class="pp-class-383 pa t30083 l43114 ls1101">freight </span><span class="pp-class-383 pa t30083 l49836 ls858">and </span><span class="pp-class-383 pa t30083 l47164 ls1073">passenger </span><span class="pp-class-383 pa t30083 l49837 ls1759">(ro-pax) </span><span class="pp-class-383 pa t30083 l49838 ls1118">ferries</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30087 l3 ls858">Due </span><span class="pp-class-382 pa t30087 l33767 ls1759">to </span><span class="pp-class-382 pa t30087 l49839 ls1868">differences </span><span class="pp-class-382 pa t30087 l49840 ls1080">in </span><span class="pp-class-382 pa t30087 l16336 ls858">the </span><span class="pp-class-382 pa t30087 l49841 ls960">wear </span><span class="pp-class-382 pa t30087 l49842 ls103">of </span><span class="pp-class-382 pa t30087 l49843 ls99">certain </span><span class="pp-class-382 pa t30087 l49844 ls806">components </span><span class="pp-class-382 pa t30087 l49845 ls103">of </span><span class="pp-class-382 pa t30087 l49846 ls1073">passenger </span><span class="pp-class-382 pa t30087 l49847 ls2486">cruise </span><span class="pp-class-382 pa t30087 l49848 ls2489">ferries </span><span class="pp-class-382 pa t30087 l49849 ls858">and </span><span class="pp-class-382 pa t30087 l49850 ls1759">ro-pax </span><span class="pp-class-382 pa t30087 l49851 ls1073">ferries, </span><span class="pp-class-382 pa t30093 l3 ls858">the </span><span class="pp-class-382 pa t30093 l43824 ls1323">cost </span><span class="pp-class-382 pa t30093 l49852 ls103">of </span><span class="pp-class-382 pa t30093 l49853 ls1759">these </span><span class="pp-class-382 pa t30093 l2809 ls2489">ferries </span><span class="pp-class-382 pa t30093 l49854 ls1080">is </span><span class="pp-class-382 pa t30093 l49855 ls1237">divided </span><span class="pp-class-382 pa t30093 l49856 ls3474">into </span><span class="pp-class-382 pa t30093 l49857 ls806">components </span><span class="pp-class-382 pa t30093 l49858 ls1323">with </span><span class="pp-class-382 pa t30093 l49859 ls1150">low </span><span class="pp-class-382 pa t30093 l49860 ls648">wear, </span><span class="pp-class-382 pa t30093 l49861 ls1323">such </span><span class="pp-class-382 pa t30093 l49862 ls1080">as </span><span class="pp-class-382 pa t30093 l49863 ls1323">hull </span><span class="pp-class-382 pa t30093 l49864 ls1099">and </span><span class="pp-class-382 pa t30093 l49865 ls1701">engine, </span><span class="pp-class-382 pa t30093 l49866 ls302">and </span><span class="pp-class-382 pa t30098 l3 ls806">components </span><span class="pp-class-382 pa t30098 l31669 ls1323">with </span><span class="pp-class-382 pa t30098 l49867 ls1323">high </span><span class="pp-class-382 pa t30098 l49868 ls648">wear, </span><span class="pp-class-382 pa t30098 l36795 ls1323">such </span><span class="pp-class-382 pa t30098 l49869 ls1080">as </span><span class="pp-class-382 pa t30098 l49870 ls155">parts </span><span class="pp-class-382 pa t30098 l49871 ls103">of </span><span class="pp-class-382 pa t30098 l49872 ls858">the </span><span class="pp-class-382 pa t30098 l49873 ls53">hotel, </span><span class="pp-class-382 pa t30098 l49874 ls2769">catering/restaurants, </span><span class="pp-class-382 pa t30098 l49875 ls858">and </span><span class="pp-class-382 pa t30098 l44780 ls1323">shop </span><span class="pp-class-382 pa t30098 l49876 ls2784">areas.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30110 l3 ls1101">Freight </span><span class="pp-class-383 pa t30110 l13544 ls830">ferries </span><span class="pp-class-383 pa t30110 l11267 ls7094">(ro-ro)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37915 l3 ls858">The </span><span class="pp-class-382 pa t37915 l16631 ls1323">cost </span><span class="pp-class-382 pa t37915 l49877 ls103">of </span><span class="pp-class-382 pa t37915 l49878 ls852">freight </span><span class="pp-class-382 pa t37915 l49879 ls2489">ferries </span><span class="pp-class-382 pa t37915 l49880 ls1080">is </span><span class="pp-class-382 pa t37915 l49881 ls830">not </span><span class="pp-class-382 pa t37915 l49882 ls1237">divided </span><span class="pp-class-382 pa t37915 l49883 ls3474">into </span><span class="pp-class-382 pa t37915 l49884 ls806">components </span><span class="pp-class-382 pa t37915 l49885 ls1080">as </span><span class="pp-class-382 pa t37915 l49886 ls2784">there </span><span class="pp-class-382 pa t37915 l49887 ls1080">is </span><span class="pp-class-382 pa t37915 l49888 ls1080">no </span><span class="pp-class-382 pa t37915 l49889 ls2142">material </span><span class="pp-class-382 pa t37915 l49890 ls1974">difference </span><span class="pp-class-382 pa t37915 l49891 ls1080">in </span><span class="pp-class-382 pa t37915 l49892 ls1099">the </span><span class="pp-class-382 pa t37915 l49893 ls3474">wear </span><span class="pp-class-382 pa t37930 l3 ls103">of </span><span class="pp-class-382 pa t37930 l29517 ls858">the </span><span class="pp-class-382 pa t37930 l18645 ls728">various </span><span class="pp-class-382 pa t37930 l49894 ls806">components </span><span class="pp-class-382 pa t37930 l49895 ls103">of </span><span class="pp-class-382 pa t37930 l27879 ls852">freight </span><span class="pp-class-382 pa t37930 l49896 ls2489">ferries.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t49646 l3 ls2127">Depreciation </span><span class="pp-class-383 pa t49646 l30948 ls302">– </span><span class="pp-class-383 pa t49646 l49897 ls4305">expected </span><span class="pp-class-383 pa t49646 l49898 ls2486">useful </span><span class="pp-class-383 pa t49646 l49899 ls1237">life </span><span class="pp-class-383 pa t49646 l17606 ls1099">and </span><span class="pp-class-383 pa t49646 l49900 ls53">residual </span><span class="pp-class-383 pa t49646 l15396 ls728">value </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls3623">depreciation </span><span class="pp-class-382 pa t37943 l49901 ls2486">period </span><span class="pp-class-382 pa t37943 l49902 ls3278">for </span><span class="pp-class-382 pa t37943 l49903 ls806">components </span><span class="pp-class-382 pa t37943 l49904 ls1323">with </span><span class="pp-class-382 pa t37943 l11743 ls1150">low </span><span class="pp-class-382 pa t37943 l49905 ls960">wear </span><span class="pp-class-382 pa t37943 l49906 ls1080">is </span><span class="pp-class-382 pa t37943 l49907 ls1080">35 </span><span class="pp-class-382 pa t37943 l49908 ls2142">years </span><span class="pp-class-382 pa t37943 l19122 ls3278">for </span><span class="pp-class-382 pa t37943 l49909 ls806">both </span><span class="pp-class-382 pa t37943 l49910 ls1759">ro-pax </span><span class="pp-class-382 pa t37943 l49911 ls1099">and </span><span class="pp-class-382 pa t37943 l49912 ls1083">ro-ro </span><span class="pp-class-382 pa t37943 l49913 ls1305">ferries </span><span class="pp-class-382 pa t37948 l3 ls1243">from </span><span class="pp-class-382 pa t37948 l49226 ls1099">the </span><span class="pp-class-382 pa t37948 l49914 ls960">year </span><span class="pp-class-382 pa t37948 l49915 ls1080">in </span><span class="pp-class-382 pa t37948 l49916 ls1759">which </span><span class="pp-class-382 pa t37948 l49917 ls858">the </span><span class="pp-class-382 pa t37948 l34488 ls869">ferry </span><span class="pp-class-382 pa t37948 l49918 ls1150">was </span><span class="pp-class-382 pa t37948 l49919 ls1319">built. </span><span class="pp-class-382 pa t37948 l49920 ls858">The </span><span class="pp-class-382 pa t37948 l49921 ls3623">depreciation </span><span class="pp-class-382 pa t37948 l49922 ls2486">period </span><span class="pp-class-382 pa t37948 l49923 ls3278">for </span><span class="pp-class-382 pa t37948 l49924 ls1073">passenger </span><span class="pp-class-382 pa t37948 l49925 ls2486">cruise </span><span class="pp-class-382 pa t37948 l49926 ls2489">ferries </span><span class="pp-class-382 pa t37948 l49927 ls1080">is </span><span class="pp-class-382 pa t37948 l49928 ls278">45 </span><span class="pp-class-382 pa t37961 l3 ls2142">years.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37974 l3 ls858">The </span><span class="pp-class-382 pa t37974 l16631 ls8853">residual </span><span class="pp-class-382 pa t37974 l49929 ls1083">value </span><span class="pp-class-382 pa t37974 l49930 ls103">of </span><span class="pp-class-382 pa t37974 l49931 ls2489">ferries </span><span class="pp-class-382 pa t37974 l49932 ls1080">is </span><span class="pp-class-382 pa t37974 l40533 ls3105">estimated </span><span class="pp-class-382 pa t37974 l49933 ls1080">as </span><span class="pp-class-382 pa t37974 l49934 ls858">the </span><span class="pp-class-382 pa t37974 l49935 ls828">expected </span><span class="pp-class-382 pa t37974 l49936 ls3278">fair </span><span class="pp-class-382 pa t37974 l49937 ls1083">value </span><span class="pp-class-382 pa t37974 l49938 ls1083">at </span><span class="pp-class-382 pa t37974 l47994 ls1099">the </span><span class="pp-class-382 pa t37974 l49939 ls858">end </span><span class="pp-class-382 pa t37974 l49940 ls103">of </span><span class="pp-class-382 pa t37974 l49941 ls1759">their </span><span class="pp-class-382 pa t37974 l49942 ls1941">useful </span><span class="pp-class-382 pa t37974 l49943 ls1244">lifetime.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37975 l3 ls53">Management </span><span class="pp-class-382 pa t37975 l3968 ls858">has </span><span class="pp-class-382 pa t37975 l49944 ls1323">also </span><span class="pp-class-382 pa t37975 l49945 ls2970">considered </span><span class="pp-class-382 pa t37975 l49946 ls858">the </span><span class="pp-class-382 pa t37975 l49947 ls728">impact </span><span class="pp-class-382 pa t37975 l49948 ls103">of </span><span class="pp-class-382 pa t37975 l49949 ls2842">decarbonisation </span><span class="pp-class-382 pa t37975 l49950 ls1099">and </span><span class="pp-class-382 pa t37975 l49951 ls1150">climate-related </span><span class="pp-class-382 pa t37975 l49952 ls2970">risks </span><span class="pp-class-382 pa t37975 l49953 ls1080">on </span><span class="pp-class-382 pa t37975 l49954 ls302">the </span><span class="pp-class-382 pa t37977 l3 ls1941">useful </span><span class="pp-class-382 pa t37977 l49955 ls2142">lives </span><span class="pp-class-382 pa t37977 l49956 ls103">of </span><span class="pp-class-382 pa t37977 l49957 ls8853">existing </span><span class="pp-class-382 pa t37977 l49958 ls3474">assets. </span><span class="pp-class-382 pa t37977 l49959 ls1323">Such </span><span class="pp-class-382 pa t37977 l49960 ls2970">risks </span><span class="pp-class-382 pa t37977 l49961 ls296">include </span><span class="pp-class-382 pa t37977 l20559 ls1150">new </span><span class="pp-class-382 pa t37977 l49962 ls1150">climate-related </span><span class="pp-class-382 pa t37977 l49909 ls688">legislation </span><span class="pp-class-382 pa t37977 l49963 ls4299">restricting </span><span class="pp-class-382 pa t37977 l49964 ls858">the </span><span class="pp-class-382 pa t37977 l49965 ls1099">use </span><span class="pp-class-382 pa t37977 l49966 ls134">of </span><span class="pp-class-382 pa t36901 l3 ls99">certain </span><span class="pp-class-382 pa t36901 l49967 ls3474">assets, </span><span class="pp-class-382 pa t36901 l49968 ls1150">new </span><span class="pp-class-382 pa t36901 l3084 ls238">technology </span><span class="pp-class-382 pa t36901 l49969 ls2694">demanded </span><span class="pp-class-382 pa t36901 l49970 ls2784">by </span><span class="pp-class-382 pa t36901 l49971 ls1150">climate-related </span><span class="pp-class-382 pa t36901 l49972 ls2113">legislation, </span><span class="pp-class-382 pa t36901 l49973 ls1099">and </span><span class="pp-class-382 pa t36901 l49974 ls858">the </span><span class="pp-class-382 pa t36901 l49975 ls8853">increase </span><span class="pp-class-382 pa t36901 l49976 ls278">in </span><span class="pp-class-382 pa t36903 l3 ls2459">restoration </span><span class="pp-class-382 pa t36903 l16238 ls1759">costs </span><span class="pp-class-382 pa t36903 l49977 ls3278">for </span><span class="pp-class-382 pa t36903 l13200 ls296">terminal </span><span class="pp-class-382 pa t36903 l49978 ls1118">sites </span><span class="pp-class-382 pa t36903 l49979 ls858">due </span><span class="pp-class-382 pa t36903 l34537 ls1759">to </span><span class="pp-class-382 pa t36903 l49980 ls1150">new </span><span class="pp-class-382 pa t36903 l48052 ls2147">and/or </span><span class="pp-class-382 pa t36903 l49981 ls1243">more </span><span class="pp-class-382 pa t36903 l49982 ls1974">comprehensive </span><span class="pp-class-382 pa t36903 l49983 ls2694">policies.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t36920 l3 ls1759">Other </span><span class="pp-class-383 pa t36920 l49181 ls1271">non-current </span><span class="pp-class-383 pa t36920 l49182 ls238">tangible </span><span class="pp-class-383 pa t36920 l18546 ls1305">assets</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t36928 l3 ls1759">Other </span><span class="pp-class-382 pa t36928 l49184 ls1101">non-current </span><span class="pp-class-382 pa t36928 l49185 ls296">tangible </span><span class="pp-class-382 pa t36928 l16742 ls238">assets </span><span class="pp-class-382 pa t36928 l49984 ls2694">comprise </span><span class="pp-class-382 pa t36928 l49985 ls819">buildings, </span><span class="pp-class-382 pa t36928 l49986 ls296">terminals </span><span class="pp-class-382 pa t36928 l46357 ls858">and </span><span class="pp-class-382 pa t36928 l48851 ls4396">machinery, </span><span class="pp-class-382 pa t36928 l49987 ls1118">tools </span><span class="pp-class-382 pa t36928 l49988 ls302">and </span><span class="pp-class-382 pa t38016 l3 ls1941">equipment, </span><span class="pp-class-382 pa t38016 l49149 ls858">and </span><span class="pp-class-382 pa t38016 l49989 ls1073">leasehold </span><span class="pp-class-382 pa t38016 l49990 ls2145">improvements.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t38021 l3 ls858">The </span><span class="pp-class-383 pa t38021 l49991 ls6360">estimated </span><span class="pp-class-383 pa t38021 l49992 ls2486">useful </span><span class="pp-class-383 pa t38021 l49993 ls1271">lifetimes </span><span class="pp-class-383 pa t38021 l49994 ls1101">are </span><span class="pp-class-383 pa t38021 l34654 ls1080">as </span><span class="pp-class-383 pa t38021 l49995 ls864">follows:</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t38039 l3 ls302">• </span><span class="pp-class-382 pa t38039 l1592 ls49996">Buildings </span><span class="pp-class-382 pa t38039 l49997 ls1080">25-50 </span><span class="pp-class-382 pa t38039 l49998 ls960">years</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49735 l3 ls302">• </span><span class="pp-class-382 pa t49735 l1592 ls49999">Terminals </span><span class="pp-class-382 pa t49735 l11869 ls1868">etc. </span><span class="pp-class-382 pa t49735 l49997 ls1759">10-40 </span><span class="pp-class-382 pa t49735 l50000 ls960">years</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49748 l3 ls302">• </span><span class="pp-class-382 pa t49748 l1592 ls50001">Equipment </span><span class="pp-class-382 pa t49748 l50002 ls1868">etc. </span><span class="pp-class-382 pa t49748 l49997 ls1323">4-10 </span><span class="pp-class-382 pa t49748 l50003 ls960">years</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49765 l3 ls302">• </span><span class="pp-class-382 pa t49765 l1592 ls49996">Leasehold </span><span class="pp-class-382 pa t49765 l50004 ls2145">improvements </span><span class="pp-class-382 pa t49765 l49997 ls1323">Max. </span><span class="pp-class-382 pa t49765 l50005 ls1194">depreciated </span><span class="pp-class-382 pa t49765 l50006 ls2671">over </span><span class="pp-class-382 pa t49765 l50007 ls1099">the </span><span class="pp-class-382 pa t49765 l50008 ls1073">term </span><span class="pp-class-382 pa t49765 l50009 ls103">of </span><span class="pp-class-382 pa t49765 l50010 ls858">the </span><span class="pp-class-382 pa t49765 l50011 ls1080">lease </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49777 l3 ls1759">Gains </span><span class="pp-class-382 pa t49777 l49778 ls1080">or </span><span class="pp-class-382 pa t49777 l49779 ls2486">losses </span><span class="pp-class-382 pa t49777 l49780 ls1237">arising </span><span class="pp-class-382 pa t49777 l6146 ls1243">from </span><span class="pp-class-382 pa t49777 l50012 ls858">the </span><span class="pp-class-382 pa t49777 l50013 ls2694">disposal </span><span class="pp-class-382 pa t49777 l50014 ls103">of </span><span class="pp-class-382 pa t49777 l50015 ls296">other </span><span class="pp-class-382 pa t49777 l34011 ls1101">non-current </span><span class="pp-class-382 pa t49777 l50016 ls296">tangible </span><span class="pp-class-382 pa t49777 l50017 ls238">assets </span><span class="pp-class-382 pa t49777 l44207 ls800">are </span><span class="pp-class-382 pa t49777 l50018 ls803">calculated </span><span class="pp-class-382 pa t49777 l50019 ls1080">as </span><span class="pp-class-382 pa t49777 l50020 ls302">the </span><span class="pp-class-382 pa t49792 l3 ls1974">difference </span><span class="pp-class-382 pa t49792 l46078 ls1244">between </span><span class="pp-class-382 pa t49792 l46617 ls858">the </span><span class="pp-class-382 pa t49792 l26498 ls1759">sales </span><span class="pp-class-382 pa t49792 l50021 ls1759">price </span><span class="pp-class-382 pa t49792 l50022 ls1323">less </span><span class="pp-class-382 pa t49792 l50023 ls1759">sales </span><span class="pp-class-382 pa t49792 l50024 ls1759">costs </span><span class="pp-class-382 pa t49792 l50025 ls858">and </span><span class="pp-class-382 pa t49792 l50026 ls1099">the </span><span class="pp-class-382 pa t49792 l50027 ls1323">book </span><span class="pp-class-382 pa t49792 l37325 ls1083">value </span><span class="pp-class-382 pa t49792 l50028 ls1083">at </span><span class="pp-class-382 pa t49792 l50029 ls2694">disposal </span><span class="pp-class-382 pa t49792 l50030 ls2688">date. </span><span class="pp-class-382 pa t49792 l50031 ls1759">Gains </span><span class="pp-class-382 pa t49792 l50032 ls278">or </span><span class="pp-class-382 pa t49808 l3 ls2486">losses </span><span class="pp-class-382 pa t49808 l16285 ls1080">on </span><span class="pp-class-382 pa t49808 l50033 ls1099">the </span><span class="pp-class-382 pa t49808 l50034 ls2694">disposal </span><span class="pp-class-382 pa t49808 l50035 ls103">of </span><span class="pp-class-382 pa t49808 l3654 ls1759">these </span><span class="pp-class-382 pa t49808 l50036 ls1101">non-current </span><span class="pp-class-382 pa t49808 l50037 ls238">assets </span><span class="pp-class-382 pa t49808 l50038 ls800">are </span><span class="pp-class-382 pa t49808 l50039 ls2970">recognised </span><span class="pp-class-382 pa t49808 l50040 ls1080">in </span><span class="pp-class-382 pa t49808 l50041 ls858">the </span><span class="pp-class-382 pa t49808 l50042 ls2486">income </span><span class="pp-class-382 pa t49808 l50043 ls1150">statement </span><span class="pp-class-382 pa t49808 l50044 ls1080">as </span><span class="pp-class-382 pa t49808 l50045 ls3477">‘Profit </span><span class="pp-class-382 pa t49823 l3 ls1080">on </span><span class="pp-class-382 pa t49823 l50046 ls2694">disposal </span><span class="pp-class-382 pa t49823 l29589 ls103">of </span><span class="pp-class-382 pa t49823 l50047 ls1101">non-current </span><span class="pp-class-382 pa t49823 l50048 ls3474">assets, </span><span class="pp-class-382 pa t49823 l13242 ls806">net'.</span></p></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5195" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h50924 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30083 l3 ls2842">Group </span><span class="pp-class-383 pa t30083 l50797 ls1080">as </span><span class="pp-class-383 pa t30083 l50798 ls296">lessee </span><span class="pp-class-383 pa t30083 l50925 ls296">(lease </span><span class="pp-class-383 pa t30083 l43760 ls1080">in)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30087 l3 ls1099 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t30087 l4189 ls1316 wtro3159 wtr1293 tro3160 tr1294">right-of-use </span><span class="pp-class-382 pa t30087 l50926 ls296 wtro3159 wtr1293 tro3160 tr1294">asset </span><span class="pp-class-382 pa t30087 l50927 ls858 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t30087 l50928 ls2889 wtro3159 wtr1293 tro3160 tr1294">corresponding </span><span class="pp-class-382 pa t30087 l50929 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30087 l50930 ls1073 wtro3159 wtr1293 tro3160 tr1294">liability </span><span class="pp-class-382 pa t30087 l50931 ls1080 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t30087 l50932 ls2970 wtro3159 wtr1293 tro3160 tr1294">recognised </span><span class="pp-class-382 pa t30087 l50933 ls1083 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t30087 l50934 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30087 l50935 ls296 wtro3159 wtr1293 tro3160 tr1294">commencement </span><span class="pp-class-382 pa t30087 l50936 ls2688 wtro3159 wtr1293 tro3160 tr1294">date, </span><span class="pp-class-382 pa t30087 l50937 ls3474 wtro3159 wtr1293 tro3160 tr1294">i.e. </span><span class="pp-class-382 pa t30093 l3 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30093 l50938 ls852 wtro3159 wtr1293 tro3160 tr1294">date </span><span class="pp-class-382 pa t30093 l24223 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30093 l50939 ls1083 wtro3159 wtr1293 tro3160 tr1294">underlying </span><span class="pp-class-382 pa t30093 l50940 ls296 wtro3159 wtr1293 tro3160 tr1294">asset </span><span class="pp-class-382 pa t30093 l50941 ls1080 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t30093 l50942 ls646 wtro3159 wtr1293 tro3160 tr1294">ready </span><span class="pp-class-382 pa t30093 l50943 ls3278 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t30093 l50944 ls4275 wtro3159 wtr1293 tro3160 tr1294">use. </span><span class="pp-class-382 pa t30093 l50945 ls1316 wtro3159 wtr1293 tro3160 tr1294">Right-of-use </span><span class="pp-class-382 pa t30093 l50946 ls238 wtro3159 wtr1293 tro3160 tr1294">assets </span><span class="pp-class-382 pa t30093 l50947 ls800 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t30093 l50948 ls8853 wtro3159 wtr1293 tro3160 tr1294">measured </span><span class="pp-class-382 pa t30093 l50949 ls1083 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t30093 l50950 ls1323 wtro3159 wtr1293 tro3160 tr1294">cost </span><span class="pp-class-382 pa t30093 l50951 ls2842 wtro3159 wtr1293 tro3160 tr1294">corresponding </span><span class="pp-class-382 pa t30098 l3 ls1759 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t30098 l50952 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30098 l50953 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30098 l50954 ls1073 wtro3159 wtr1293 tro3160 tr1294">liability </span><span class="pp-class-382 pa t30098 l50955 ls2142 wtro3159 wtr1293 tro3160 tr1294">recognised, </span><span class="pp-class-382 pa t30098 l50956 ls2113 wtro3159 wtr1293 tro3160 tr1294">adjusted </span><span class="pp-class-382 pa t30098 l50957 ls3278 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t30098 l50958 ls3278 wtro3159 wtr1293 tro3160 tr1294">any </span><span class="pp-class-382 pa t30098 l36275 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30098 l50959 ls2760 wtro3159 wtr1293 tro3160 tr1294">prepayments </span><span class="pp-class-382 pa t30098 l50960 ls3474 wtro3159 wtr1293 tro3160 tr1294">including </span><span class="pp-class-382 pa t30098 l50961 ls806 wtro3159 wtr1293 tro3160 tr1294">dismantling </span><span class="pp-class-382 pa t30098 l50962 ls302 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t30105 l3 ls2459 wtro3159 wtr1293 tro3160 tr1294">restoration </span><span class="pp-class-382 pa t30105 l50963 ls2486 wtro3159 wtr1293 tro3160 tr1294">costs. </span><span class="pp-class-382 pa t30105 l50964 ls858 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t30105 l50965 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30105 l50966 ls1118 wtro3159 wtr1293 tro3160 tr1294">liabilities </span><span class="pp-class-382 pa t30105 l50967 ls800 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t30105 l50968 ls8853 wtro3159 wtr1293 tro3160 tr1294">measured </span><span class="pp-class-382 pa t30105 l50969 ls1083 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t30105 l50970 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30105 l50971 ls852 wtro3159 wtr1293 tro3160 tr1294">present </span><span class="pp-class-382 pa t30105 l50972 ls1083 wtro3159 wtr1293 tro3160 tr1294">value </span><span class="pp-class-382 pa t30105 l50973 ls103 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t30105 l50974 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30105 l50975 ls5069 wtro3159 wtr1293 tro3160 tr1294">payments </span><span class="pp-class-382 pa t30105 l50976 ls1759 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t30105 l50977 ls1080 wtro3159 wtr1293 tro3160 tr1294">be </span><span class="pp-class-382 pa t30105 l25971 ls1323 wtro3159 wtr1293 tro3160 tr1294">made </span><span class="pp-class-382 pa t30110 l3 ls2671 wtro3159 wtr1293 tro3160 tr1294">over </span><span class="pp-class-382 pa t30110 l50978 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30110 l50979 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30110 l50980 ls1118 wtro3159 wtr1293 tro3160 tr1294">term. </span><span class="pp-class-382 pa t30110 l50981 ls1099 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t30110 l50982 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30110 l15525 ls5069 wtro3159 wtr1293 tro3160 tr1294">payments </span><span class="pp-class-382 pa t30110 l50983 ls800 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t30110 l50984 ls1701 wtro3159 wtr1293 tro3160 tr1294">discounted </span><span class="pp-class-382 pa t30110 l50985 ls1759 wtro3159 wtr1293 tro3160 tr1294">using </span><span class="pp-class-382 pa t30110 l50986 ls1759 wtro3159 wtr1293 tro3160 tr1294">DFDS’ </span><span class="pp-class-382 pa t30110 l50987 ls1150 wtro3159 wtr1293 tro3160 tr1294">incremental </span><span class="pp-class-382 pa t30110 l50988 ls1463 wtro3159 wtr1293 tro3160 tr1294">borrowing </span><span class="pp-class-382 pa t30110 l50989 ls26 wtro3159 wtr1293 tro3160 tr1294">rate. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37930 l3 ls3623">Depreciation </span><span class="pp-class-382 pa t37930 l50990 ls1463">follows </span><span class="pp-class-382 pa t37930 l50991 ls858">the </span><span class="pp-class-382 pa t37930 l50992 ls1316">straight-line </span><span class="pp-class-382 pa t37930 l50993 ls238">method </span><span class="pp-class-382 pa t37930 l50994 ls2671">over </span><span class="pp-class-382 pa t37930 l39073 ls858">the </span><span class="pp-class-382 pa t37930 l50995 ls1759">lease </span><span class="pp-class-382 pa t37930 l50996 ls1073">term </span><span class="pp-class-382 pa t37930 l50997 ls1080">or </span><span class="pp-class-382 pa t37930 l50998 ls858">the </span><span class="pp-class-382 pa t37930 l50999 ls1941">useful </span><span class="pp-class-382 pa t37930 l51000 ls3278">life </span><span class="pp-class-382 pa t37930 l51001 ls103">of </span><span class="pp-class-382 pa t37930 l51002 ls1099">the </span><span class="pp-class-382 pa t37930 l51003 ls1148">right-of-use </span><span class="pp-class-382 pa t37942 l3 ls3474">assets, </span><span class="pp-class-382 pa t37942 l51004 ls6007">whichever </span><span class="pp-class-382 pa t37942 l13874 ls1080">is </span><span class="pp-class-382 pa t37942 l51005 ls1099">shortest. </span><span class="pp-class-382 pa t37942 l51006 ls7736">However, </span><span class="pp-class-382 pa t37942 l51007 ls3278">for </span><span class="pp-class-382 pa t37942 l51008 ls858">one </span><span class="pp-class-382 pa t37942 l51009 ls296">terminal </span><span class="pp-class-382 pa t37942 l51010 ls858">the </span><span class="pp-class-382 pa t37942 l51011 ls3623">depreciation </span><span class="pp-class-382 pa t37942 l51012 ls1080">is </span><span class="pp-class-382 pa t37942 l51013 ls1759">based </span><span class="pp-class-382 pa t37942 l51014 ls1080">on </span><span class="pp-class-382 pa t37942 l51015 ls2842">volumes </span><span class="pp-class-382 pa t49646 l3 ls1237">handled </span><span class="pp-class-382 pa t49646 l34494 ls1080">in </span><span class="pp-class-382 pa t49646 l51016 ls858">the </span><span class="pp-class-382 pa t49646 l51017 ls296">terminal.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37948 l3 ls1264">The </span><span class="pp-class-382 pa t37948 l34050 ls166">lease </span><span class="pp-class-382 pa t37948 l37889 ls124">payments </span><span class="pp-class-382 pa t37948 l51018 ls332">include </span><span class="pp-class-382 pa t37948 l22712 ls1955">fixed </span><span class="pp-class-382 pa t37948 l40070 ls124">payments </span><span class="pp-class-382 pa t37948 l51019 ls258">less </span><span class="pp-class-382 pa t37948 l51020 ls180">any </span><span class="pp-class-382 pa t37948 l51021 ls166">lease </span><span class="pp-class-382 pa t37948 l51022 ls134">incentives </span><span class="pp-class-382 pa t37948 l51023 ls214">receivable </span><span class="pp-class-382 pa t37948 l51024 ls704">and </span><span class="pp-class-382 pa t37948 l51025 ls884">variable </span><span class="pp-class-382 pa t37948 l43997 ls193">lease </span><span class="pp-class-382 pa t37961 l3 ls124">payments </span><span class="pp-class-382 pa t37961 l51026 ls302">that </span><span class="pp-class-382 pa t37961 l34319 ls166">depend </span><span class="pp-class-382 pa t37961 l51027 ls193">on </span><span class="pp-class-382 pa t37961 l51028 ls193">an </span><span class="pp-class-382 pa t37961 l51029 ls1955">index </span><span class="pp-class-382 pa t37961 l51030 ls193">or </span><span class="pp-class-382 pa t37961 l51031 ls175">a </span><span class="pp-class-382 pa t37961 l21960 ls2889">rate. </span><span class="pp-class-382 pa t37961 l51032 ls193">If </span><span class="pp-class-382 pa t37961 l51033 ls704">the </span><span class="pp-class-382 pa t37961 l37613 ls3566">contract </span><span class="pp-class-382 pa t37961 l51034 ls166">holds </span><span class="pp-class-382 pa t37961 l51035 ls193">an </span><span class="pp-class-382 pa t37961 l51036 ls254">option </span><span class="pp-class-382 pa t37961 l51037 ls78">to </span><span class="pp-class-382 pa t37961 l51038 ls2482">purchase, </span><span class="pp-class-382 pa t37961 l51039 ls155">extend </span><span class="pp-class-382 pa t37961 l51040 ls842">or </span><span class="pp-class-382 pa t37974 l3 ls124">terminate </span><span class="pp-class-382 pa t37974 l51041 ls175">a </span><span class="pp-class-382 pa t37974 l31222 ls166">lease </span><span class="pp-class-382 pa t37974 l51042 ls704">and </span><span class="pp-class-382 pa t37974 l51043 ls193">it </span><span class="pp-class-382 pa t37974 l51044 ls193">is </span><span class="pp-class-382 pa t37974 l51045 ls1123">reasonably </span><span class="pp-class-382 pa t37974 l44825 ls813">certain </span><span class="pp-class-382 pa t37974 l51046 ls78">to </span><span class="pp-class-382 pa t37974 l16555 ls193">be </span><span class="pp-class-382 pa t37974 l51047 ls3474">exercised </span><span class="pp-class-382 pa t37974 l51048 ls1309">by </span><span class="pp-class-382 pa t37974 l51049 ls704">the </span><span class="pp-class-382 pa t37974 l51050 ls1080">Group, </span><span class="pp-class-382 pa t37974 l51051 ls1264">the </span><span class="pp-class-382 pa t37974 l51052 ls166">lease </span><span class="pp-class-382 pa t37974 l51053 ls150">liability </span><span class="pp-class-382 pa t37974 l51054 ls45">will </span><span class="pp-class-382 pa t49077 l3 ls332">include </span><span class="pp-class-382 pa t49077 l51055 ls78">those. </span><span class="pp-class-382 pa t49077 l51056 ls704">The </span><span class="pp-class-382 pa t49077 l51057 ls884">variable </span><span class="pp-class-382 pa t49077 l51058 ls166">lease </span><span class="pp-class-382 pa t49077 l23044 ls124">payments </span><span class="pp-class-382 pa t49077 l6045 ls302">that </span><span class="pp-class-382 pa t49077 l51059 ls193">do </span><span class="pp-class-382 pa t49077 l51060 ls671">not </span><span class="pp-class-382 pa t49077 l51061 ls166">depend </span><span class="pp-class-382 pa t49077 l51062 ls193">on </span><span class="pp-class-382 pa t49077 l51063 ls193">an </span><span class="pp-class-382 pa t49077 l51064 ls1955">index </span><span class="pp-class-382 pa t49077 l51065 ls193">or </span><span class="pp-class-382 pa t49077 l51066 ls175">a </span><span class="pp-class-382 pa t49077 l51067 ls3105">rate </span><span class="pp-class-382 pa t49077 l51068 ls1323">are </span><span class="pp-class-382 pa t49077 l51069 ls16">recognised </span><span class="pp-class-382 pa t37975 l3 ls193">as </span><span class="pp-class-382 pa t37975 l50046 ls203">expenses </span><span class="pp-class-382 pa t37975 l51070 ls193">in </span><span class="pp-class-382 pa t37975 l17237 ls704">the </span><span class="pp-class-382 pa t37975 l22711 ls166">period </span><span class="pp-class-382 pa t37975 l51071 ls193">on </span><span class="pp-class-382 pa t37975 l51072 ls166">which </span><span class="pp-class-382 pa t37975 l51073 ls704">the </span><span class="pp-class-382 pa t37975 l51074 ls869">event </span><span class="pp-class-382 pa t37975 l51075 ls193">or </span><span class="pp-class-382 pa t37975 l51076 ls150">condition </span><span class="pp-class-382 pa t37975 l51077 ls302">that </span><span class="pp-class-382 pa t37975 l51078 ls150">triggers </span><span class="pp-class-382 pa t37975 l51079 ls704">the </span><span class="pp-class-382 pa t37975 l51080 ls68">payment </span><span class="pp-class-382 pa t37975 l51081 ls704">occurs. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t36901 l3 ls858">The </span><span class="pp-class-382 pa t36901 l16631 ls2784">Group </span><span class="pp-class-382 pa t36901 l4002 ls1237">applies </span><span class="pp-class-382 pa t36901 l51082 ls858">the </span><span class="pp-class-382 pa t36901 l51083 ls1859">short-term </span><span class="pp-class-382 pa t36901 l51084 ls1759">lease </span><span class="pp-class-382 pa t36901 l37746 ls2142">recognition </span><span class="pp-class-382 pa t36901 l16506 ls3630">exemption </span><span class="pp-class-382 pa t36901 l51048 ls3278">for </span><span class="pp-class-382 pa t36901 l51085 ls1759">lease </span><span class="pp-class-382 pa t36901 l43941 ls7694">contracts </span><span class="pp-class-382 pa t36901 l20631 ls1772">that, </span><span class="pp-class-382 pa t36901 l51086 ls1083">at </span><span class="pp-class-382 pa t36901 l51087 ls302">the </span><span class="pp-class-382 pa t36903 l3 ls296">commencement </span><span class="pp-class-382 pa t36903 l51088 ls2688">date, </span><span class="pp-class-382 pa t36903 l51089 ls185">have </span><span class="pp-class-382 pa t36903 l51090 ls302">a </span><span class="pp-class-382 pa t36903 l51091 ls1759">lease </span><span class="pp-class-382 pa t36903 l51092 ls1073">term </span><span class="pp-class-382 pa t36903 l51093 ls103">of </span><span class="pp-class-382 pa t36903 l51094 ls1080">12 </span><span class="pp-class-382 pa t36903 l51095 ls1073">months </span><span class="pp-class-382 pa t36903 l51096 ls1080">or </span><span class="pp-class-382 pa t36903 l51097 ls1323">less </span><span class="pp-class-382 pa t36903 l51098 ls3278">for </span><span class="pp-class-382 pa t36903 l51099 ls1099">all </span><span class="pp-class-382 pa t36903 l51100 ls1237">classes </span><span class="pp-class-382 pa t36903 l51101 ls103">of </span><span class="pp-class-382 pa t36903 l51102 ls1083">underlying </span><span class="pp-class-382 pa t36903 l51103 ls869">assets </span><span class="pp-class-382 pa t36916 l3 ls3382">except </span><span class="pp-class-382 pa t36916 l51104 ls3278">for </span><span class="pp-class-382 pa t36916 l51105 ls296">terminals </span><span class="pp-class-382 pa t36916 l17478 ls858">and </span><span class="pp-class-382 pa t36916 l51106 ls2489">ferries </span><span class="pp-class-382 pa t36916 l51107 ls858">and </span><span class="pp-class-382 pa t36916 l51108 ls296">other </span><span class="pp-class-382 pa t36916 l51109 ls2486">ships, </span><span class="pp-class-382 pa t36916 l51110 ls1099">and </span><span class="pp-class-382 pa t36916 l51111 ls1099">the </span><span class="pp-class-382 pa t36916 l51112 ls3630">exemption </span><span class="pp-class-382 pa t36916 l51113 ls3278">for </span><span class="pp-class-382 pa t36916 l51114 ls1759">lease </span><span class="pp-class-382 pa t36916 l51115 ls7694">contracts </span><span class="pp-class-382 pa t36916 l31745 ls3278">for </span><span class="pp-class-382 pa t36916 l51116 ls1759">which </span><span class="pp-class-382 pa t36916 l51117 ls302">the </span><span class="pp-class-382 pa t36920 l3 ls1083">underlying </span><span class="pp-class-382 pa t36920 l28464 ls296">asset </span><span class="pp-class-382 pa t36920 l51118 ls1080">is </span><span class="pp-class-382 pa t36920 l51119 ls103">of </span><span class="pp-class-382 pa t36920 l51120 ls1150">low </span><span class="pp-class-382 pa t36920 l51121 ls2760">value. </span><span class="pp-class-382 pa t36920 l51122 ls1759">Lease </span><span class="pp-class-382 pa t36920 l51123 ls5069">payments </span><span class="pp-class-382 pa t36920 l51124 ls1080">on </span><span class="pp-class-382 pa t36920 l51125 ls1859">short-term </span><span class="pp-class-382 pa t36920 l51126 ls2486">leases </span><span class="pp-class-382 pa t36920 l51127 ls858">and </span><span class="pp-class-382 pa t36920 l51128 ls2486">leases </span><span class="pp-class-382 pa t36920 l43033 ls103">of </span><span class="pp-class-382 pa t36920 l51129 ls2145">low-value </span><span class="pp-class-382 pa t36920 l51130 ls869">assets </span><span class="pp-class-382 pa t36928 l3 ls800">are </span><span class="pp-class-382 pa t36928 l43707 ls2970">recognised </span><span class="pp-class-382 pa t36928 l51131 ls1080">as </span><span class="pp-class-382 pa t36928 l51132 ls8853">expenses </span><span class="pp-class-382 pa t36928 l51133 ls1080">on </span><span class="pp-class-382 pa t36928 l51134 ls302">a </span><span class="pp-class-382 pa t36928 l51135 ls1316">straight-line </span><span class="pp-class-382 pa t36928 l51136 ls1759">basis </span><span class="pp-class-382 pa t36928 l30966 ls2671">over </span><span class="pp-class-382 pa t36928 l51137 ls858">the </span><span class="pp-class-382 pa t36928 l51138 ls1759">lease </span><span class="pp-class-382 pa t36928 l51139 ls1118">term. </span><span class="pp-class-382 pa t36928 l51140 ls1772">For </span><span class="pp-class-382 pa t36928 l51141 ls858">all </span><span class="pp-class-382 pa t36928 l51142 ls1237">classes </span><span class="pp-class-382 pa t36928 l51143 ls103">of </span><span class="pp-class-382 pa t36928 l51144 ls187">assets, </span><span class="pp-class-382 pa t38016 l3 ls3382">except </span><span class="pp-class-382 pa t38016 l51104 ls3278">for </span><span class="pp-class-382 pa t38016 l51105 ls238">terminals, </span><span class="pp-class-382 pa t38016 l51145 ls1323">non-lease </span><span class="pp-class-382 pa t38016 l51146 ls806">components, </span><span class="pp-class-382 pa t38016 l51147 ls2142">i.e., </span><span class="pp-class-382 pa t38016 l50874 ls1099">the </span><span class="pp-class-382 pa t38016 l51148 ls3572">service </span><span class="pp-class-382 pa t38016 l51149 ls1077">element, </span><span class="pp-class-382 pa t38016 l51150 ls1080">is </span><span class="pp-class-382 pa t38016 l50725 ls830">not </span><span class="pp-class-382 pa t38016 l51151 ls3377">separated </span><span class="pp-class-382 pa t38016 l51152 ls1243">from </span><span class="pp-class-382 pa t38016 l51153 ls302">the </span><span class="pp-class-382 pa t49235 l3 ls1759">lease </span><span class="pp-class-382 pa t49235 l51154 ls806">components </span><span class="pp-class-382 pa t49235 l45792 ls1099">and </span><span class="pp-class-382 pa t49235 l51155 ls2145">thereby </span><span class="pp-class-382 pa t49235 l51156 ls3278">form </span><span class="pp-class-382 pa t49235 l51157 ls658">part </span><span class="pp-class-382 pa t49235 l51158 ls103">of </span><span class="pp-class-382 pa t49235 l51159 ls1099">the </span><span class="pp-class-382 pa t49235 l51160 ls1316">right-of-use </span><span class="pp-class-382 pa t49235 l51161 ls296">asset </span><span class="pp-class-382 pa t49235 l51162 ls858">and </span><span class="pp-class-382 pa t49235 l51163 ls1759">lease </span><span class="pp-class-382 pa t49235 l51164 ls1073">liability </span><span class="pp-class-382 pa t49235 l51165 ls2970">recognised </span><span class="pp-class-382 pa t49235 l51166 ls278">in </span><span class="pp-class-382 pa t38021 l3 ls858">the </span><span class="pp-class-382 pa t38021 l43824 ls1237">balance </span><span class="pp-class-382 pa t38021 l51167 ls1759">sheet.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t38039 l3 ls1772">For </span><span class="pp-class-382 pa t38039 l44017 ls7694">contracts </span><span class="pp-class-382 pa t38039 l51168 ls1323">with </span><span class="pp-class-382 pa t38039 l51169 ls302">a </span><span class="pp-class-382 pa t38039 l51170 ls1150">rolling </span><span class="pp-class-382 pa t38039 l51171 ls1073">term </span><span class="pp-class-382 pa t38039 l37683 ls16981">(evergreen </span><span class="pp-class-382 pa t38039 l51172 ls1818">leases), </span><span class="pp-class-382 pa t38039 l51173 ls1099">the </span><span class="pp-class-382 pa t38039 l51174 ls53">Management </span><span class="pp-class-382 pa t38039 l51175 ls2848">exercises </span><span class="pp-class-382 pa t38039 l51176 ls1319">judgement </span><span class="pp-class-382 pa t38039 l51177 ls278">in </span><span class="pp-class-382 pa t49735 l3 ls2489">determining </span><span class="pp-class-382 pa t49735 l51178 ls1941">useful </span><span class="pp-class-382 pa t49735 l51179 ls2088">lifetime </span><span class="pp-class-382 pa t49735 l51180 ls103">of </span><span class="pp-class-382 pa t49735 l17618 ls858">the </span><span class="pp-class-382 pa t49735 l51181 ls1083">underlying </span><span class="pp-class-382 pa t49735 l51182 ls1316">right-of-use </span><span class="pp-class-382 pa t49735 l51183 ls1759">asset.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49765 l3 ls1080">As </span><span class="pp-class-382 pa t49765 l50750 ls1243">from </span><span class="pp-class-382 pa t49765 l51184 ls302">1 </span><span class="pp-class-382 pa t49765 l51185 ls3572">January </span><span class="pp-class-382 pa t49765 l30704 ls1150">2024 </span><span class="pp-class-382 pa t49765 l51186 ls858">the </span><span class="pp-class-382 pa t49765 l51187 ls2784">Group </span><span class="pp-class-382 pa t49765 l51188 ls1323">will </span><span class="pp-class-382 pa t49765 l51189 ls2486">change </span><span class="pp-class-382 pa t49765 l51190 ls858">its </span><span class="pp-class-382 pa t49765 l41676 ls53">accounting </span><span class="pp-class-382 pa t49765 l51191 ls2694">policies </span><span class="pp-class-382 pa t49765 l51192 ls2145">regarding </span><span class="pp-class-382 pa t49765 l51193 ls1859">short-term </span><span class="pp-class-382 pa t49765 l51194 ls2486">leases </span><span class="pp-class-382 pa t49765 l51195 ls99">for </span><span class="pp-class-382 pa t51196 l3 ls2489">ferries </span><span class="pp-class-382 pa t51196 l49766 ls858">and </span><span class="pp-class-382 pa t51196 l46034 ls296">other </span><span class="pp-class-382 pa t51196 l3016 ls1759">ships </span><span class="pp-class-382 pa t51196 l51197 ls1080">as </span><span class="pp-class-382 pa t51196 l51198 ls960">well </span><span class="pp-class-382 pa t51196 l40533 ls1080">as </span><span class="pp-class-382 pa t51196 l44977 ls53">accounting </span><span class="pp-class-382 pa t51196 l51199 ls7694">treatment </span><span class="pp-class-382 pa t51196 l44265 ls103">of </span><span class="pp-class-382 pa t51196 l51200 ls858">the </span><span class="pp-class-382 pa t51196 l51201 ls1323">non-lease </span><span class="pp-class-382 pa t51196 l51202 ls806">components. </span><span class="pp-class-382 pa t51196 l51203 ls2486">Please </span><span class="pp-class-382 pa t51196 l51204 ls3435">refer </span><span class="pp-class-382 pa t51196 l51205 ls302">to </span><span class="pp-class-382 pa t49777 l3 ls3474">section </span><span class="pp-class-382 pa t49777 l50748 ls858">1.2 </span><span class="pp-class-382 pa t49777 l51206 ls960">"New </span><span class="pp-class-382 pa t49777 l43023 ls53">accounting </span><span class="pp-class-382 pa t49777 l34285 ls2694">policies </span><span class="pp-class-382 pa t49777 l51207 ls858">and </span><span class="pp-class-382 pa t49777 l51208 ls3105">disclosures".</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t49808 l3 ls2842">Group </span><span class="pp-class-383 pa t49808 l50797 ls1080">as </span><span class="pp-class-383 pa t49808 l50798 ls296">lessor </span><span class="pp-class-383 pa t49808 l51209 ls296">(lease </span><span class="pp-class-383 pa t49808 l51210 ls858">out)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49823 l3 ls1772">For </span><span class="pp-class-382 pa t49823 l44017 ls53">accounting </span><span class="pp-class-382 pa t49823 l51211 ls1073">purposes, </span><span class="pp-class-382 pa t49823 l51212 ls238">assets </span><span class="pp-class-382 pa t49823 l51213 ls2486">leased </span><span class="pp-class-382 pa t49823 l16801 ls858">out </span><span class="pp-class-382 pa t49823 l10091 ls800">are </span><span class="pp-class-382 pa t49823 l51214 ls1237">divided </span><span class="pp-class-382 pa t49823 l51215 ls3474">into </span><span class="pp-class-382 pa t49823 l51216 ls1237">finance </span><span class="pp-class-382 pa t49823 l51217 ls1099">and </span><span class="pp-class-382 pa t49823 l51218 ls2760">operating </span><span class="pp-class-382 pa t49823 l51219 ls1237">leases. </span><span class="pp-class-382 pa t49823 l51220 ls1080">In </span><span class="pp-class-382 pa t49823 l51221 ls960">respect </span><span class="pp-class-382 pa t51222 l3 ls103">of </span><span class="pp-class-382 pa t51222 l29517 ls238">assets </span><span class="pp-class-382 pa t51222 l18526 ls2486">leased </span><span class="pp-class-382 pa t51222 l51223 ls858">out </span><span class="pp-class-382 pa t51222 l51224 ls1080">on </span><span class="pp-class-382 pa t51222 l51225 ls302">a </span><span class="pp-class-382 pa t51222 l51226 ls1237">finance </span><span class="pp-class-382 pa t51222 l51227 ls1701">lease, </span><span class="pp-class-382 pa t51222 l51228 ls1080">an </span><span class="pp-class-382 pa t51222 l51229 ls1073">amount </span><span class="pp-class-382 pa t51222 l51230 ls1759">equal </span><span class="pp-class-382 pa t51222 l51231 ls1759">to </span><span class="pp-class-382 pa t51222 l51232 ls1099">the </span><span class="pp-class-382 pa t51222 l51233 ls830">net </span><span class="pp-class-382 pa t51222 l48198 ls852">present </span><span class="pp-class-382 pa t51222 l51234 ls1083">value </span><span class="pp-class-382 pa t51222 l51235 ls103">of </span><span class="pp-class-382 pa t51222 l51236 ls858">the </span><span class="pp-class-382 pa t51222 l51237 ls1083">future </span><span class="pp-class-382 pa t51222 l51238 ls1080">lease </span><span class="pp-class-382 pa t51239 l3 ls5069">payments </span><span class="pp-class-382 pa t51239 l51240 ls1080">is </span><span class="pp-class-382 pa t51239 l51241 ls2970">recognised </span><span class="pp-class-382 pa t51239 l42631 ls1080">in </span><span class="pp-class-382 pa t51239 l51242 ls858">the </span><span class="pp-class-382 pa t51239 l51243 ls1237">balance </span><span class="pp-class-382 pa t51239 l51244 ls296">sheet </span><span class="pp-class-382 pa t51239 l51245 ls1080">as </span><span class="pp-class-382 pa t51239 l51246 ls302">a </span><span class="pp-class-382 pa t51239 l51247 ls1759">lease </span><span class="pp-class-382 pa t51239 l2965 ls828">receivable </span><span class="pp-class-382 pa t51239 l51248 ls1243">from </span><span class="pp-class-382 pa t51239 l51249 ls1701">lessee. </span><span class="pp-class-382 pa t51239 l51250 ls1099">The </span><span class="pp-class-382 pa t51239 l25310 ls296">asset </span><span class="pp-class-382 pa t51239 l51251 ls2486">leased </span><span class="pp-class-382 pa t51239 l51252 ls302">out </span><span class="pp-class-382 pa t51253 l3 ls1080">is </span><span class="pp-class-382 pa t51253 l46558 ls3105">reclassified </span><span class="pp-class-382 pa t51253 l2163 ls1243">from </span><span class="pp-class-382 pa t51253 l30618 ls1101">non-current </span><span class="pp-class-382 pa t51253 l51254 ls296">asset </span><span class="pp-class-382 pa t51253 l51255 ls1759">to </span><span class="pp-class-382 pa t51253 l51256 ls2486">leases </span><span class="pp-class-382 pa t51253 l12364 ls2787">receivables </span><span class="pp-class-382 pa t51253 l39126 ls1099">and </span><span class="pp-class-382 pa t51253 l51257 ls3278">any </span><span class="pp-class-382 pa t51253 l51258 ls1323">gain </span><span class="pp-class-382 pa t51253 l51259 ls1080">or </span><span class="pp-class-382 pa t51253 l51260 ls1323">loss </span><span class="pp-class-382 pa t51253 l51261 ls1237">arising </span><span class="pp-class-382 pa t51253 l51262 ls1243">from </span><span class="pp-class-382 pa t51253 l51263 ls1323">this </span><span class="pp-class-382 pa t51253 l51264 ls278">is </span><span class="pp-class-382 pa t51265 l3 ls2970">recognised </span><span class="pp-class-382 pa t51265 l44565 ls1080">in </span><span class="pp-class-382 pa t51265 l44566 ls858">the </span><span class="pp-class-382 pa t51265 l51266 ls2486">income </span><span class="pp-class-382 pa t51265 l51267 ls2889">statement. </span><span class="pp-class-382 pa t51265 l51268 ls1759">Lease </span><span class="pp-class-382 pa t51265 l51269 ls2486">income </span><span class="pp-class-382 pa t51265 l51270 ls1243">from </span><span class="pp-class-382 pa t51265 l51271 ls238">assets </span><span class="pp-class-382 pa t51265 l51272 ls2486">leased </span><span class="pp-class-382 pa t51265 l51273 ls1099">out </span><span class="pp-class-382 pa t51265 l51274 ls1080">on </span><span class="pp-class-382 pa t51265 l51275 ls1080">an </span><span class="pp-class-382 pa t51265 l47524 ls2760">operating </span><span class="pp-class-382 pa t51265 l51276 ls1759">lease </span><span class="pp-class-382 pa t51265 l51277 ls278">is </span><span class="pp-class-382 pa t51278 l3 ls2970">recognised </span><span class="pp-class-382 pa t51278 l44565 ls1080">in </span><span class="pp-class-382 pa t51278 l44566 ls858">the </span><span class="pp-class-382 pa t51278 l51266 ls2486">income </span><span class="pp-class-382 pa t51278 l51267 ls1150">statement </span><span class="pp-class-382 pa t51278 l36809 ls1080">on </span><span class="pp-class-382 pa t51278 l51279 ls302">a </span><span class="pp-class-382 pa t51278 l51280 ls1316">straight-line </span><span class="pp-class-382 pa t51278 l49210 ls1759">basis </span><span class="pp-class-382 pa t51278 l51281 ls2671">over </span><span class="pp-class-382 pa t51278 l51282 ls858">the </span><span class="pp-class-382 pa t51278 l51283 ls1759">lease </span><span class="pp-class-382 pa t51278 l51284 ls1073">term.</span></p></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5202" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h52520 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3">The </span><span class="pp-class-382 pa t29793 l16790 ls2554">carrying </span><span class="pp-class-382 pa t29793 l18460 ls907">amount </span><span class="pp-class-382 pa t29793 l52521 ls287">of </span><span class="pp-class-382 pa t29793 l52522">Goodwill, </span><span class="pp-class-382 pa t29793 l31724 ls171">non-current </span><span class="pp-class-382 pa t29793 l52523 ls90">intangible, </span><span class="pp-class-382 pa t29793 l52524 ls982">tangible </span><span class="pp-class-382 pa t29793 l52525">and </span><span class="pp-class-382 pa t29793 l51500 ls931">right-of-use </span><span class="pp-class-382 pa t29793 l52526 ls175">assets </span><span class="pp-class-382 pa t29793 l52527 ls85">are </span><span class="pp-class-382 pa t29793 l52528 ls12">con-</span><span class="pp-class-382 pa t29798 l3 ls138">tinuously </span><span class="pp-class-382 pa t29798 l52529">assessed, </span><span class="pp-class-382 pa t29798 l52530 ls2835">at </span><span class="pp-class-382 pa t29798 l52531">least </span><span class="pp-class-382 pa t29798 l52532">once </span><span class="pp-class-382 pa t29798 l52533">a </span><span class="pp-class-382 pa t29798 l49094 ls2147">year, </span><span class="pp-class-382 pa t29798 l10080 ls166">to </span><span class="pp-class-382 pa t29798 l52534 ls45">determine </span><span class="pp-class-382 pa t29798 l52535 ls37">whether </span><span class="pp-class-382 pa t29798 l52536 ls110">there </span><span class="pp-class-382 pa t29798 l52537">is </span><span class="pp-class-382 pa t29798 l18736">an </span><span class="pp-class-382 pa t29798 l52538 ls704">indication </span><span class="pp-class-382 pa t29798 l52539 ls287">of </span><span class="pp-class-382 pa t29798 l52540 ls93">impairment. </span><span class="pp-class-382 pa t36806 l3">When </span><span class="pp-class-382 pa t36806 l52541">such </span><span class="pp-class-382 pa t36806 l52542 ls704">indication </span><span class="pp-class-382 pa t36806 l50519 ls134">exists </span><span class="pp-class-382 pa t36806 l52543">the </span><span class="pp-class-382 pa t36806 l10462 ls1309">recoverable </span><span class="pp-class-382 pa t36806 l52544 ls907">amount </span><span class="pp-class-382 pa t36806 l52545 ls287">of </span><span class="pp-class-382 pa t36806 l52546">the </span><span class="pp-class-382 pa t36806 l52547 ls72">asset </span><span class="pp-class-382 pa t36806 l52548">is </span><span class="pp-class-382 pa t36806 l52549">assessed. </span><span class="pp-class-382 pa t36806 l52550">The </span><span class="pp-class-382 pa t36806 l50660 ls1309">recoverable </span><span class="pp-class-382 pa t29811 l3 ls907">amount </span><span class="pp-class-382 pa t29811 l52551">is </span><span class="pp-class-382 pa t29811 l52552">the </span><span class="pp-class-382 pa t29811 l52553">higher </span><span class="pp-class-382 pa t29811 l8526 ls287">of </span><span class="pp-class-382 pa t29811 l52554">the </span><span class="pp-class-382 pa t29811 l37980 ls1005">fair </span><span class="pp-class-382 pa t29811 l52555 ls16">value </span><span class="pp-class-382 pa t29811 l52556">less </span><span class="pp-class-382 pa t29811 l40327">costs </span><span class="pp-class-382 pa t29811 l52557 ls287">of </span><span class="pp-class-382 pa t29811 l52558">disposal </span><span class="pp-class-382 pa t29811 l52559">and </span><span class="pp-class-382 pa t29811 l52560">the </span><span class="pp-class-382 pa t29811 l52561 ls228">value-in-use. </span><span class="pp-class-382 pa t29811 l52562 ls12">The </span><span class="pp-class-382 pa t29811 l52563 ls907">value-in-use </span><span class="pp-class-382 pa t29824 l3">is </span><span class="pp-class-382 pa t29824 l31749 ls128">calculated </span><span class="pp-class-382 pa t29824 l4822">as </span><span class="pp-class-382 pa t29824 l52564">the </span><span class="pp-class-382 pa t29824 l52565 ls1326">present </span><span class="pp-class-382 pa t29824 l52566 ls16">value </span><span class="pp-class-382 pa t29824 l52567 ls287">of </span><span class="pp-class-382 pa t29824 l52568">the </span><span class="pp-class-382 pa t29824 l50901 ls134">future </span><span class="pp-class-382 pa t29824 l52569 ls150">net </span><span class="pp-class-382 pa t29824 l52570">cash </span><span class="pp-class-382 pa t29824 l52571 ls646">flow, </span><span class="pp-class-382 pa t29824 l52572">which </span><span class="pp-class-382 pa t29824 l52573">the </span><span class="pp-class-382 pa t29824 l52574 ls72">asset </span><span class="pp-class-382 pa t29824 l52575">is </span><span class="pp-class-382 pa t29824 l52576 ls180">expected </span><span class="pp-class-382 pa t29824 l52577 ls166">to </span><span class="pp-class-382 pa t29836 l3 ls2482">generate </span><span class="pp-class-382 pa t29836 l4067">either </span><span class="pp-class-382 pa t29836 l24500 ls1955">by </span><span class="pp-class-382 pa t29836 l16390 ls944">itself </span><span class="pp-class-382 pa t29836 l52578">or </span><span class="pp-class-382 pa t29836 l52579 ls931">from </span><span class="pp-class-382 pa t29836 l16160">the </span><span class="pp-class-382 pa t29836 l52580 ls246">lowest </span><span class="pp-class-382 pa t29836 l52581 ls254">cash-generating </span><span class="pp-class-382 pa t29836 l52582">unit </span><span class="pp-class-382 pa t29836 l52583 ls166">to </span><span class="pp-class-382 pa t29836 l52584">which </span><span class="pp-class-382 pa t29836 l45240">the </span><span class="pp-class-382 pa t29836 l52585 ls72">asset </span><span class="pp-class-382 pa t29836 l52586 ls12">is </span><span class="pp-class-382 pa t29836 l52587 ls1005">allocated.</span></p></div></div><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls5039">Receivables </span><span class="pp-class-382 pa t29793 l53073 ls800">are </span><span class="pp-class-382 pa t29793 l53074 ls2970">recognised </span><span class="pp-class-382 pa t29793 l53075 ls1083">at </span><span class="pp-class-382 pa t29793 l53076 ls1257">amortised </span><span class="pp-class-382 pa t29793 l53077 ls1323">cost </span><span class="pp-class-382 pa t29793 l53078 ls1323">less </span><span class="pp-class-382 pa t29793 l53079 ls828">expected </span><span class="pp-class-382 pa t29793 l18687 ls1083">credit </span><span class="pp-class-382 pa t29793 l53080 ls1237">losses. </span><span class="pp-class-382 pa t29793 l53081 ls1759">DFDS’ </span><span class="pp-class-382 pa t29793 l53082 ls2970">risks </span><span class="pp-class-382 pa t29793 l44191 ls1243">regarding </span><span class="pp-class-382 pa t29798 l3 ls646">trade </span><span class="pp-class-382 pa t29798 l53083 ls2787">receivables </span><span class="pp-class-382 pa t29798 l53084 ls800">are </span><span class="pp-class-382 pa t29798 l53085 ls830">not </span><span class="pp-class-382 pa t29798 l53086 ls2970">considered </span><span class="pp-class-382 pa t29798 l53087 ls1237">unusual </span><span class="pp-class-382 pa t29798 l53088 ls858">and </span><span class="pp-class-382 pa t29798 l53089 ls1080">no </span><span class="pp-class-382 pa t29798 l53090 ls2142">material </span><span class="pp-class-382 pa t29798 l53091 ls1323">risk </span><span class="pp-class-382 pa t29798 l53092 ls1080">is </span><span class="pp-class-382 pa t29798 l53093 ls1148">attributable </span><span class="pp-class-382 pa t29798 l53094 ls1759">to </span><span class="pp-class-382 pa t29798 l53095 ls302">a </span><span class="pp-class-382 pa t29798 l53096 ls2486">single </span><span class="pp-class-382 pa t29798 l53097 ls1759">customer </span><span class="pp-class-382 pa t36806 l3 ls1080">or </span><span class="pp-class-382 pa t36806 l53098 ls2784">group </span><span class="pp-class-382 pa t36806 l46498 ls103">of </span><span class="pp-class-382 pa t36806 l17609 ls238">customers. </span><span class="pp-class-382 pa t36806 l53099 ls4305">According </span><span class="pp-class-382 pa t36806 l10450 ls1759">to </span><span class="pp-class-382 pa t36806 l53100 ls1099">the </span><span class="pp-class-382 pa t36806 l53101 ls1015">Group’s </span><span class="pp-class-382 pa t36806 l53102 ls2889">policy </span><span class="pp-class-382 pa t36806 l53103 ls103">of </span><span class="pp-class-382 pa t36806 l53104 ls2486">undertaking </span><span class="pp-class-382 pa t36806 l53105 ls1083">credit </span><span class="pp-class-382 pa t36806 l53106 ls2142">risks, </span><span class="pp-class-382 pa t36806 l53107 ls806">assessment </span><span class="pp-class-382 pa t36806 l53108 ls134">of </span><span class="pp-class-382 pa t29811 l3 ls806">significant </span><span class="pp-class-382 pa t29811 l53109 ls296">customers </span><span class="pp-class-382 pa t29811 l30611 ls800">are </span><span class="pp-class-382 pa t29811 l49855 ls1321">performed. </span><span class="pp-class-382 pa t29811 l35941 ls6360">Write-downs </span><span class="pp-class-382 pa t29811 l53110 ls1080">on </span><span class="pp-class-382 pa t29811 l53111 ls646">trade </span><span class="pp-class-382 pa t29811 l53112 ls2787">receivables </span><span class="pp-class-382 pa t29811 l53113 ls800">are </span><span class="pp-class-382 pa t29811 l53114 ls1759">based </span><span class="pp-class-382 pa t29811 l53115 ls1080">on </span><span class="pp-class-382 pa t29811 l53116 ls1099">the </span><span class="pp-class-382 pa t29811 l53117 ls869">simplified </span><span class="pp-class-382 pa t29824 l3 ls828">expected </span><span class="pp-class-382 pa t29824 l53049 ls1083">credit </span><span class="pp-class-382 pa t29824 l53050 ls1323">loss </span><span class="pp-class-382 pa t29824 l29960 ls2486">model. </span><span class="pp-class-382 pa t29824 l53118 ls1083">Credit </span><span class="pp-class-382 pa t29824 l53119 ls1323">loss </span><span class="pp-class-382 pa t29824 l53120 ls852">allowances </span><span class="pp-class-382 pa t29824 l53121 ls1080">on </span><span class="pp-class-382 pa t29824 l53122 ls819">individual </span><span class="pp-class-382 pa t29824 l53123 ls2787">receivables </span><span class="pp-class-382 pa t29824 l52397 ls800">are </span><span class="pp-class-382 pa t29824 l53124 ls3377">provided </span><span class="pp-class-382 pa t29824 l53125 ls3278">for </span><span class="pp-class-382 pa t29824 l53126 ls1955">when </span><span class="pp-class-382 pa t29836 l3 ls2970">objective </span><span class="pp-class-382 pa t29836 l53127 ls688">indications </span><span class="pp-class-382 pa t29836 l53128 ls103">of </span><span class="pp-class-382 pa t29836 l43932 ls1083">credit </span><span class="pp-class-382 pa t29836 l53129 ls2486">losses </span><span class="pp-class-382 pa t29836 l53130 ls1759">occur </span><span class="pp-class-382 pa t29836 l32131 ls1323">such </span><span class="pp-class-382 pa t29836 l53131 ls1080">as </span><span class="pp-class-382 pa t29836 l53132 ls296">customer </span><span class="pp-class-382 pa t29836 l53133 ls1244">bankruptcy </span><span class="pp-class-382 pa t29836 l53134 ls1099">and </span><span class="pp-class-382 pa t29836 l53135 ls1237">uncertainty </span><span class="pp-class-382 pa t29836 l53136 ls1759">about </span><span class="pp-class-382 pa t29836 l53137 ls302">the </span><span class="pp-class-382 pa t29849 l3 ls806">customers’ </span><span class="pp-class-382 pa t29849 l22786 ls1237">ability </span><span class="pp-class-382 pa t29849 l53138 ls2147">and/or </span><span class="pp-class-382 pa t29849 l44791 ls1118">willingness </span><span class="pp-class-382 pa t29849 l53139 ls1759">to </span><span class="pp-class-382 pa t29849 l53140 ls8634">pay, </span><span class="pp-class-382 pa t29849 l53141 ls1868">etc. </span><span class="pp-class-382 pa t29849 l53142 ls1080">In </span><span class="pp-class-382 pa t29849 l51466 ls1772">addition </span><span class="pp-class-382 pa t29849 l53143 ls1759">to </span><span class="pp-class-382 pa t29849 l53144 ls1759">this, </span><span class="pp-class-382 pa t29849 l53145 ls852">allowances </span><span class="pp-class-382 pa t29849 l53146 ls3278">for </span><span class="pp-class-382 pa t29849 l53147 ls828">expected </span><span class="pp-class-382 pa t29849 l53148 ls3477">credit </span><span class="pp-class-382 pa t29853 l3 ls2486">losses </span><span class="pp-class-382 pa t29853 l16285 ls800">are </span><span class="pp-class-382 pa t29853 l5176 ls1772">made </span><span class="pp-class-382 pa t29853 l53149 ls1080">on </span><span class="pp-class-382 pa t29853 l30865 ls858">the </span><span class="pp-class-382 pa t29853 l53150 ls960">remaining </span><span class="pp-class-382 pa t29853 l53151 ls646">trade </span><span class="pp-class-382 pa t29853 l50522 ls2787">receivables </span><span class="pp-class-382 pa t29853 l53152 ls1759">based </span><span class="pp-class-382 pa t29853 l53153 ls1080">on </span><span class="pp-class-382 pa t29853 l53154 ls302">a </span><span class="pp-class-382 pa t29853 l53155 ls819">simplified </span><span class="pp-class-382 pa t29853 l53156 ls6007">approach. </span><span class="pp-class-382 pa t29853 l53157 ls2848">Work </span><span class="pp-class-382 pa t29853 l53158 ls278">in </span><span class="pp-class-382 pa t29866 l3 ls3435">progress </span><span class="pp-class-382 pa t29866 l44502 ls1099">services </span><span class="pp-class-382 pa t29866 l48409 ls1080">is </span><span class="pp-class-382 pa t29866 l53159 ls8853">measured </span><span class="pp-class-382 pa t29866 l53160 ls1759">based </span><span class="pp-class-382 pa t29866 l53161 ls1080">on </span><span class="pp-class-382 pa t29866 l53162 ls858">the </span><span class="pp-class-382 pa t29866 l53163 ls1083">value </span><span class="pp-class-382 pa t29866 l53164 ls103">of </span><span class="pp-class-382 pa t29866 l53165 ls858">the </span><span class="pp-class-382 pa t29866 l53166 ls103">of </span><span class="pp-class-382 pa t29866 l53167 ls858">the </span><span class="pp-class-382 pa t29866 l53168 ls960">work </span><span class="pp-class-382 pa t29866 l53169 ls1321">performed </span><span class="pp-class-382 pa t29866 l53170 ls1080">as </span><span class="pp-class-382 pa t29866 l53171 ls103">of </span><span class="pp-class-382 pa t29866 l53172 ls1099">the </span><span class="pp-class-382 pa t29866 l53173 ls858">balance </span><span class="pp-class-382 pa t36841 l3 ls296">sheet </span><span class="pp-class-382 pa t36841 l53174 ls2688">date. </span><span class="pp-class-382 pa t36841 l2297 ls6360">Write-downs </span><span class="pp-class-382 pa t36841 l40345 ls858">and </span><span class="pp-class-382 pa t36841 l53175 ls8853">realised </span><span class="pp-class-382 pa t36841 l53176 ls2486">losses </span><span class="pp-class-382 pa t36841 l53177 ls1080">on </span><span class="pp-class-382 pa t36841 l47152 ls646">trade </span><span class="pp-class-382 pa t36841 l44179 ls2787">receivables </span><span class="pp-class-382 pa t36841 l51889 ls858">and </span><span class="pp-class-382 pa t36841 l53178 ls960">work </span><span class="pp-class-382 pa t36841 l53179 ls1080">in </span><span class="pp-class-382 pa t36841 l53180 ls3435">progress </span><span class="pp-class-382 pa t36841 l53181 ls1099">services </span><span class="pp-class-382 pa t36841 l53182 ls2970">are </span><span class="pp-class-382 pa t29875 l3 ls2970">recognised </span><span class="pp-class-382 pa t29875 l44565 ls1080">in </span><span class="pp-class-382 pa t29875 l44566 ls869">ferry </span><span class="pp-class-382 pa t29875 l16609 ls1099">and </span><span class="pp-class-382 pa t29875 l53183 ls296">other </span><span class="pp-class-382 pa t29875 l53184 ls1323">ship </span><span class="pp-class-382 pa t29875 l5186 ls2760">operation </span><span class="pp-class-382 pa t29875 l10842 ls858">and </span><span class="pp-class-382 pa t29875 l53185 ls1701">maintenance </span><span class="pp-class-382 pa t29875 l53186 ls1759">costs </span><span class="pp-class-382 pa t29875 l53187 ls1080">in </span><span class="pp-class-382 pa t29875 l53188 ls858">the </span><span class="pp-class-382 pa t29875 l53189 ls2486">income </span><span class="pp-class-382 pa t29875 l53190 ls2889">statement. </span><span class="pp-class-382 pa t29875 l53191 ls1080">Other </span><span class="pp-class-382 pa t29878 l3 ls2787">receivables </span><span class="pp-class-382 pa t29878 l53192 ls2694">comprise </span><span class="pp-class-382 pa t29878 l53193 ls296">other </span><span class="pp-class-382 pa t29878 l53194 ls646">trade </span><span class="pp-class-382 pa t29878 l53195 ls6007">receivables; </span><span class="pp-class-382 pa t29878 l8328 ls960">insurance </span><span class="pp-class-382 pa t29878 l53196 ls2787">receivables </span><span class="pp-class-382 pa t29878 l53197 ls1080">on </span><span class="pp-class-382 pa t29878 l53198 ls1323">loss </span><span class="pp-class-382 pa t29878 l53199 ls1080">or </span><span class="pp-class-382 pa t29878 l53200 ls1772">damage </span><span class="pp-class-382 pa t29878 l53201 ls103">of </span><span class="pp-class-382 pa t29878 l53202 ls2489">ferries </span><span class="pp-class-382 pa t29878 l53203 ls302">and </span><span class="pp-class-382 pa t29891 l3 ls296">other </span><span class="pp-class-382 pa t29891 l43926 ls2486">ships; </span><span class="pp-class-382 pa t29891 l48168 ls1073">financial </span><span class="pp-class-382 pa t29891 l4384 ls1759">lease </span><span class="pp-class-382 pa t29891 l30151 ls6007">receivables; </span><span class="pp-class-382 pa t29891 l53204 ls3474">outstanding </span><span class="pp-class-382 pa t29891 l53205 ls2694">balances </span><span class="pp-class-382 pa t29891 l53206 ls3278">for </span><span class="pp-class-382 pa t29891 l53207 ls1101">chartered </span><span class="pp-class-382 pa t29891 l53208 ls1321">ferries; </span><span class="pp-class-382 pa t29891 l53209 ls5069">interest </span><span class="pp-class-382 pa t29902 l3 ls7694">receivable, </span><span class="pp-class-382 pa t29902 l53210 ls2944">etc.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls5069">Bunker </span><span class="pp-class-382 pa t29793 l37632 ls1080">is </span><span class="pp-class-382 pa t29793 l13090 ls8853">measured </span><span class="pp-class-382 pa t29793 l53244 ls1083">at </span><span class="pp-class-382 pa t29793 l17643 ls1323">cost </span><span class="pp-class-382 pa t29793 l53245 ls1759">based </span><span class="pp-class-382 pa t29793 l51188 ls1080">on </span><span class="pp-class-382 pa t29793 l53246 ls1099">the </span><span class="pp-class-382 pa t29793 l53247 ls866">FIFO </span><span class="pp-class-382 pa t29793 l53248 ls238">method </span><span class="pp-class-382 pa t29793 l53249 ls1080">or </span><span class="pp-class-382 pa t29793 l53250 ls1099">the </span><span class="pp-class-382 pa t29793 l53251 ls830">net </span><span class="pp-class-382 pa t29793 l53252 ls2970">realisable </span><span class="pp-class-382 pa t29793 l53253 ls1083">value </span><span class="pp-class-382 pa t29793 l53254 ls2784">where </span><span class="pp-class-382 pa t29793 l53255 ls1323">this </span><span class="pp-class-382 pa t29793 l53256 ls1080">is </span><span class="pp-class-382 pa t29793 l53257 ls53258">lower. </span><span class="pp-class-382 pa t29798 l3 ls2142">Catering </span><span class="pp-class-382 pa t29798 l36105 ls2694">supplies </span><span class="pp-class-382 pa t29798 l53259 ls858">and </span><span class="pp-class-382 pa t29798 l53260 ls296">other </span><span class="pp-class-382 pa t29798 l44976 ls1868">inventories </span><span class="pp-class-382 pa t29798 l53261 ls800">are </span><span class="pp-class-382 pa t29798 l53262 ls8853">measured </span><span class="pp-class-382 pa t29798 l53263 ls1083">at </span><span class="pp-class-382 pa t29798 l53264 ls1323">cost </span><span class="pp-class-382 pa t29798 l53265 ls1759">based </span><span class="pp-class-382 pa t29798 l53266 ls1080">on </span><span class="pp-class-382 pa t29798 l44236 ls858">the </span><span class="pp-class-382 pa t29798 l53267 ls8853">weighted </span><span class="pp-class-382 pa t29798 l20598 ls2796">average </span><span class="pp-class-382 pa t29798 l53268 ls1955">cost </span><span class="pp-class-382 pa t36806 l3 ls238">method </span><span class="pp-class-382 pa t36806 l53269 ls1080">or </span><span class="pp-class-382 pa t36806 l50677 ls858">the </span><span class="pp-class-382 pa t36806 l53270 ls830">net </span><span class="pp-class-382 pa t36806 l46051 ls2970">realisable </span><span class="pp-class-382 pa t36806 l53271 ls1083">value </span><span class="pp-class-382 pa t36806 l48457 ls2784">where </span><span class="pp-class-382 pa t36806 l53272 ls1323">this </span><span class="pp-class-382 pa t36806 l53273 ls1080">is </span><span class="pp-class-382 pa t36806 l53274 ls8541">lower.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1099">All </span><span class="pp-class-382 pa t29793 l53440 ls2694">supplier </span><span class="pp-class-382 pa t29793 l53441 ls1237">finance </span><span class="pp-class-382 pa t29793 l53442 ls960">arrangement </span><span class="pp-class-382 pa t29793 l53443 ls3458">related </span><span class="pp-class-382 pa t29793 l17436 ls1118">liabilities </span><span class="pp-class-382 pa t29793 l49252 ls800">are </span><span class="pp-class-382 pa t29793 l53444 ls852">presented </span><span class="pp-class-382 pa t29793 l53445 ls2486">within </span><span class="pp-class-382 pa t29793 l53446 ls1243">payables </span><span class="pp-class-382 pa t29793 l53447 ls1080">as </span><span class="pp-class-382 pa t29793 l53448 ls1759">these </span><span class="pp-class-382 pa t29793 l53449 ls2970">are </span><span class="pp-class-382 pa t29798 l3 ls2486">deemed </span><span class="pp-class-382 pa t29798 l21755 ls1759">to </span><span class="pp-class-382 pa t29798 l53450 ls1080">be </span><span class="pp-class-382 pa t29798 l53451 ls658">part </span><span class="pp-class-382 pa t29798 l53452 ls103">of </span><span class="pp-class-382 pa t29798 l53453 ls728">working </span><span class="pp-class-382 pa t29798 l53454 ls806">capital </span><span class="pp-class-382 pa t29798 l53455 ls1080">in </span><span class="pp-class-382 pa t29798 l53456 ls858">the </span><span class="pp-class-382 pa t29798 l53457 ls1243">Group's </span><span class="pp-class-382 pa t29798 l53458 ls2486">normal </span><span class="pp-class-382 pa t29798 l53459 ls2760">operating </span><span class="pp-class-382 pa t29798 l53460 ls650">cycle. </span><span class="pp-class-382 pa t29798 l53461 ls3190">Accordingly, </span><span class="pp-class-382 pa t29798 l53462 ls960">they </span><span class="pp-class-382 pa t29798 l53463 ls2970">are </span><span class="pp-class-382 pa t36806 l3 ls852">presented </span><span class="pp-class-382 pa t36806 l49824 ls1237">outside </span><span class="pp-class-382 pa t36806 l14636 ls1073">financing </span><span class="pp-class-382 pa t36806 l27453 ls1323">cash </span><span class="pp-class-382 pa t36806 l17186 ls1083">flows, </span><span class="pp-class-382 pa t36806 l53464 ls2486">within </span><span class="pp-class-382 pa t36806 l53465 ls2486">change </span><span class="pp-class-382 pa t36806 l53466 ls1080">in </span><span class="pp-class-382 pa t36806 l53467 ls728">working </span><span class="pp-class-382 pa t36806 l53468 ls806">capital.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1759">Other </span><span class="pp-class-382 pa t29793 l49184 ls1243">payables </span><span class="pp-class-382 pa t29793 l53488 ls2694">comprise </span><span class="pp-class-382 pa t29793 l53489 ls1118">amounts </span><span class="pp-class-382 pa t29793 l53490 ls2671">owed </span><span class="pp-class-382 pa t29793 l53491 ls1759">to </span><span class="pp-class-382 pa t29793 l53492 ls14041">staff, </span><span class="pp-class-382 pa t29793 l53493 ls3474">including </span><span class="pp-class-382 pa t29793 l53494 ls4305">wages </span><span class="pp-class-382 pa t29793 l50843 ls858">and </span><span class="pp-class-382 pa t29793 l53495 ls1073">salaries, </span><span class="pp-class-382 pa t29793 l53496 ls6360">holiday </span><span class="pp-class-382 pa t29793 l53497 ls8634">pay, </span><span class="pp-class-382 pa t29793 l53498 ls214">salary/</span><span class="pp-class-382 pa t29798 l3 ls4305">wages </span><span class="pp-class-382 pa t29798 l53499 ls3458">related </span><span class="pp-class-382 pa t29798 l53500 ls1319">items, </span><span class="pp-class-382 pa t29798 l53501 ls1868">etc. </span><span class="pp-class-382 pa t29798 l53502 ls1118">amounts </span><span class="pp-class-382 pa t29798 l53503 ls2671">owed </span><span class="pp-class-382 pa t29798 l53504 ls1759">to </span><span class="pp-class-382 pa t29798 l53505 ls1099">the </span><span class="pp-class-382 pa t29798 l53506 ls2486">public </span><span class="pp-class-382 pa t29798 l53507 ls4275">authorities, </span><span class="pp-class-382 pa t29798 l53508 ls53509">VAT, </span><span class="pp-class-382 pa t29798 l53510 ls2955">excise </span><span class="pp-class-382 pa t29798 l53511 ls1237">duties, </span><span class="pp-class-382 pa t29798 l53512 ls1243">real </span><span class="pp-class-382 pa t29798 l53513 ls830">property </span><span class="pp-class-382 pa t36806 l3 ls2688">taxes </span><span class="pp-class-382 pa t36806 l53514 ls1244">etc.; </span><span class="pp-class-382 pa t36806 l53515 ls1118">amounts </span><span class="pp-class-382 pa t36806 l53516 ls2671">owed </span><span class="pp-class-382 pa t36806 l53517 ls1080">in </span><span class="pp-class-382 pa t36806 l53518 ls1271">connection </span><span class="pp-class-382 pa t36806 l53519 ls1323">with </span><span class="pp-class-382 pa t36806 l53520 ls858">the </span><span class="pp-class-382 pa t36806 l53521 ls3435">purchase/disposal </span><span class="pp-class-382 pa t36806 l53522 ls103">of </span><span class="pp-class-382 pa t36806 l53523 ls2489">ferries </span><span class="pp-class-382 pa t36806 l53524 ls858">and </span><span class="pp-class-382 pa t36806 l53525 ls296">other </span><span class="pp-class-382 pa t36806 l53526 ls1110">ships, </span><span class="pp-class-382 pa t29811 l3 ls1073">buildings </span><span class="pp-class-382 pa t29811 l4366 ls1099">and </span><span class="pp-class-382 pa t29811 l53527 ls238">terminals; </span><span class="pp-class-382 pa t29811 l53528 ls1772">accrued </span><span class="pp-class-382 pa t29811 l30792 ls2784">interest </span><span class="pp-class-382 pa t29811 l16588 ls960">expenses; </span><span class="pp-class-382 pa t29811 l53529 ls1243">payables </span><span class="pp-class-382 pa t29811 l53530 ls1759">to </span><span class="pp-class-382 pa t29811 l53531 ls803">associates </span><span class="pp-class-382 pa t29811 l53532 ls1099">and </span><span class="pp-class-382 pa t29811 l53533 ls1305">joint </span><span class="pp-class-382 pa t29811 l53534 ls2784">ventures; </span><span class="pp-class-382 pa t29824 l3 ls1118">amounts </span><span class="pp-class-382 pa t29824 l45921 ls2671">owed </span><span class="pp-class-382 pa t29824 l7354 ls1080">in </span><span class="pp-class-382 pa t29824 l36929 ls2531">relation </span><span class="pp-class-382 pa t29824 l53535 ls1759">to </span><span class="pp-class-382 pa t29824 l53536 ls1305">defined </span><span class="pp-class-382 pa t29824 l53319 ls296">contribution </span><span class="pp-class-382 pa t29824 l53537 ls1237">pension </span><span class="pp-class-382 pa t29824 l53538 ls1759">plans </span><span class="pp-class-382 pa t29824 l53539 ls2944">etc.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls296">Contributions </span><span class="pp-class-382 pa t29793 l54457 ls1759">to </span><span class="pp-class-382 pa t29793 l53074 ls1305">defined </span><span class="pp-class-382 pa t29793 l54458 ls296">contribution </span><span class="pp-class-382 pa t29793 l54459 ls1237">pension </span><span class="pp-class-382 pa t29793 l54460 ls1759">plans </span><span class="pp-class-382 pa t29793 l50524 ls800">are </span><span class="pp-class-382 pa t29793 l54461 ls2970">recognised </span><span class="pp-class-382 pa t29793 l54462 ls1080">in </span><span class="pp-class-382 pa t29793 l54386 ls858">the </span><span class="pp-class-382 pa t29793 l54463 ls2486">income </span><span class="pp-class-382 pa t29793 l54464 ls1150">statement </span><span class="pp-class-382 pa t29793 l54465 ls1080">in </span><span class="pp-class-382 pa t29793 l54466 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2486">period </span><span class="pp-class-382 pa t29798 l44898 ls1080">in </span><span class="pp-class-382 pa t29798 l54467 ls1759">which </span><span class="pp-class-382 pa t29798 l54468 ls960">they </span><span class="pp-class-382 pa t29798 l54469 ls2851">relate, </span><span class="pp-class-382 pa t29798 l54470 ls858">and </span><span class="pp-class-382 pa t29798 l54471 ls3278">any </span><span class="pp-class-382 pa t29798 l54472 ls7694">payable </span><span class="pp-class-382 pa t29798 l54473 ls296">contributions </span><span class="pp-class-382 pa t29798 l20840 ls800">are </span><span class="pp-class-382 pa t29798 l54474 ls1772">accrued </span><span class="pp-class-382 pa t29798 l54475 ls1080">in </span><span class="pp-class-382 pa t29798 l54476 ls1099">the </span><span class="pp-class-382 pa t29798 l54477 ls1237">balance </span><span class="pp-class-382 pa t29798 l54478 ls296">sheet </span><span class="pp-class-382 pa t29798 l54479 ls278">as </span><span class="pp-class-382 pa t36806 l3 ls296">other </span><span class="pp-class-382 pa t36806 l43926 ls1316">payables. </span><span class="pp-class-382 pa t36806 l54480 ls1080">As </span><span class="pp-class-382 pa t36806 l50583 ls2671">regards </span><span class="pp-class-382 pa t36806 l21918 ls1305">defined </span><span class="pp-class-382 pa t36806 l54481 ls1305">benefit </span><span class="pp-class-382 pa t36806 l54482 ls1237">pension </span><span class="pp-class-382 pa t36806 l54483 ls2486">plans, </span><span class="pp-class-382 pa t36806 l54484 ls1080">an </span><span class="pp-class-382 pa t36806 l54485 ls5039">actuarial </span><span class="pp-class-382 pa t36806 l44126 ls828">valuation </span><span class="pp-class-382 pa t36806 l54486 ls103">of </span><span class="pp-class-382 pa t36806 l54487 ls1099">the </span><span class="pp-class-382 pa t36806 l54488 ls1083">value </span><span class="pp-class-382 pa t36806 l54489 ls1080">in </span><span class="pp-class-382 pa t36806 l54490 ls302">use </span><span class="pp-class-382 pa t29811 l3 ls103">of </span><span class="pp-class-382 pa t29811 l29517 ls1083">future </span><span class="pp-class-382 pa t29811 l45790 ls1073">benefits </span><span class="pp-class-382 pa t29811 l54491 ls7694">payable </span><span class="pp-class-382 pa t29811 l11802 ls1759">under </span><span class="pp-class-382 pa t29811 l54492 ls858">the </span><span class="pp-class-382 pa t29811 l54493 ls1323">plan </span><span class="pp-class-382 pa t29811 l54494 ls1080">is </span><span class="pp-class-382 pa t29811 l54495 ls1772">made </span><span class="pp-class-382 pa t29811 l54496 ls1323">once </span><span class="pp-class-382 pa t29811 l54497 ls302">a </span><span class="pp-class-382 pa t29811 l54498 ls648">year. </span><span class="pp-class-382 pa t29811 l54499 ls858">The </span><span class="pp-class-382 pa t29811 l54500 ls1083">value </span><span class="pp-class-382 pa t29811 l54501 ls1080">in </span><span class="pp-class-382 pa t29811 l54502 ls858">use </span><span class="pp-class-382 pa t29811 l54503 ls1080">is </span><span class="pp-class-382 pa t29811 l54504 ls803">calculated </span><span class="pp-class-382 pa t29811 l54505 ls1080">based </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4275">assumptions </span><span class="pp-class-382 pa t29824 l54506 ls103">of </span><span class="pp-class-382 pa t29824 l54507 ls1083">future </span><span class="pp-class-382 pa t29824 l54508 ls852">development </span><span class="pp-class-382 pa t29824 l54509 ls1080">in </span><span class="pp-class-382 pa t29824 l54510 ls7855">wage/salary </span><span class="pp-class-382 pa t29824 l54511 ls1243">levels, </span><span class="pp-class-382 pa t29824 l54512 ls2784">interest </span><span class="pp-class-382 pa t29824 l54513 ls1864">rates, </span><span class="pp-class-382 pa t29824 l54514 ls6360">inflation, </span><span class="pp-class-382 pa t29824 l54515 ls7756">mortality, </span><span class="pp-class-382 pa t29824 l54516 ls3278">etc. </span><span class="pp-class-382 pa t29836 l3 ls858">The </span><span class="pp-class-382 pa t29836 l16631 ls1083">value </span><span class="pp-class-382 pa t29836 l34033 ls1080">in </span><span class="pp-class-382 pa t29836 l54066 ls858">use </span><span class="pp-class-382 pa t29836 l54517 ls1080">is </span><span class="pp-class-382 pa t29836 l31123 ls650">only </span><span class="pp-class-382 pa t29836 l54518 ls803">calculated </span><span class="pp-class-382 pa t29836 l52878 ls3278">for </span><span class="pp-class-382 pa t29836 l52556 ls1073">benefits </span><span class="pp-class-382 pa t29836 l54519 ls1759">to </span><span class="pp-class-382 pa t29836 l54520 ls1759">which </span><span class="pp-class-382 pa t29836 l2758 ls858">the </span><span class="pp-class-382 pa t29836 l54521 ls6007">employees </span><span class="pp-class-382 pa t29836 l54522 ls185">have </span><span class="pp-class-382 pa t29836 l54523 ls2486">become </span><span class="pp-class-382 pa t29836 l54524 ls830">entitled </span><span class="pp-class-382 pa t29836 l54525 ls1110">during </span><span class="pp-class-382 pa t29849 l3 ls1759">their </span><span class="pp-class-382 pa t29849 l54526 ls728">employment </span><span class="pp-class-382 pa t29849 l54527 ls1323">with </span><span class="pp-class-382 pa t29849 l54075 ls858">the </span><span class="pp-class-382 pa t29849 l54528 ls2149">Group. </span><span class="pp-class-382 pa t29849 l54529 ls858">The </span><span class="pp-class-382 pa t29849 l54530 ls5039">actuarial </span><span class="pp-class-382 pa t29849 l54531 ls688">calculation </span><span class="pp-class-382 pa t29849 l54532 ls103">of </span><span class="pp-class-382 pa t29849 l54533 ls1099">the </span><span class="pp-class-382 pa t29849 l54534 ls1083">value </span><span class="pp-class-382 pa t29849 l45031 ls1080">in </span><span class="pp-class-382 pa t29849 l50806 ls1099">use </span><span class="pp-class-382 pa t29849 l54535 ls1323">less </span><span class="pp-class-382 pa t29849 l54536 ls858">the </span><span class="pp-class-382 pa t29849 l54537 ls3278">fair </span><span class="pp-class-382 pa t29849 l54538 ls1083">value </span><span class="pp-class-382 pa t29849 l54539 ls134">of </span><span class="pp-class-382 pa t29853 l3 ls3278">any </span><span class="pp-class-382 pa t29853 l48924 ls238">assets </span><span class="pp-class-382 pa t29853 l19052 ls1759">under </span><span class="pp-class-382 pa t29853 l16600 ls858">the </span><span class="pp-class-382 pa t29853 l16287 ls1323">plan </span><span class="pp-class-382 pa t29853 l54540 ls1080">is </span><span class="pp-class-382 pa t29853 l54541 ls2970">recognised </span><span class="pp-class-382 pa t29853 l54542 ls1080">in </span><span class="pp-class-382 pa t29853 l54543 ls1099">the </span><span class="pp-class-382 pa t29853 l54544 ls1237">balance </span><span class="pp-class-382 pa t29853 l54545 ls296">sheet </span><span class="pp-class-382 pa t29853 l54546 ls1759">under </span><span class="pp-class-382 pa t29853 l54547 ls1237">pension </span><span class="pp-class-382 pa t29853 l54548 ls2113">obligations. </span><span class="pp-class-382 pa t29853 l54549 ls1080">If </span><span class="pp-class-382 pa t29853 l54550 ls302">a </span><span class="pp-class-382 pa t29853 l54551 ls56">defined </span><span class="pp-class-382 pa t29866 l3 ls1305">benefit </span><span class="pp-class-382 pa t29866 l16670 ls1237">pension </span><span class="pp-class-382 pa t29866 l54552 ls1323">plan </span><span class="pp-class-382 pa t29866 l48169 ls3474">constitutes </span><span class="pp-class-382 pa t29866 l54553 ls302">a </span><span class="pp-class-382 pa t29866 l54554 ls830">net </span><span class="pp-class-382 pa t29866 l51550 ls2486">asset, </span><span class="pp-class-382 pa t29866 l54555 ls858">the </span><span class="pp-class-382 pa t29866 l54556 ls296">asset </span><span class="pp-class-382 pa t29866 l54557 ls1080">is </span><span class="pp-class-382 pa t29866 l54558 ls2970">recognised </span><span class="pp-class-382 pa t29866 l54559 ls650">only </span><span class="pp-class-382 pa t29866 l54560 ls1080">if </span><span class="pp-class-382 pa t29866 l54561 ls1080">it </span><span class="pp-class-382 pa t29866 l54562 ls4275">offsets </span><span class="pp-class-382 pa t29866 l54563 ls1083">future </span><span class="pp-class-382 pa t29866 l54564 ls3477">refunds </span><span class="pp-class-382 pa t36841 l3 ls1243">from </span><span class="pp-class-382 pa t36841 l49226 ls1099">the </span><span class="pp-class-382 pa t36841 l49914 ls1323">plan </span><span class="pp-class-382 pa t36841 l14071 ls1080">or </span><span class="pp-class-382 pa t36841 l54565 ls1323">will </span><span class="pp-class-382 pa t36841 l16225 ls1772">lead </span><span class="pp-class-382 pa t36841 l54566 ls1759">to </span><span class="pp-class-382 pa t36841 l54567 ls1150">reduced </span><span class="pp-class-382 pa t36841 l54568 ls1083">future </span><span class="pp-class-382 pa t36841 l54569 ls5069">payments </span><span class="pp-class-382 pa t36841 l37997 ls1759">to </span><span class="pp-class-382 pa t36841 l54570 ls858">the </span><span class="pp-class-382 pa t36841 l54571 ls1759">plan. </span><span class="pp-class-382 pa t36841 l54572 ls3278">Pension </span><span class="pp-class-382 pa t36841 l54573 ls1759">costs </span><span class="pp-class-382 pa t36841 l54574 ls103">of </span><span class="pp-class-382 pa t36841 l54575 ls858">the </span><span class="pp-class-382 pa t36841 l54576 ls960">year </span><span class="pp-class-382 pa t36841 l54577 ls2970">are </span><span class="pp-class-382 pa t29875 l3 ls2970">recognised </span><span class="pp-class-382 pa t29875 l44565 ls1080">in </span><span class="pp-class-382 pa t29875 l44566 ls858">the </span><span class="pp-class-382 pa t29875 l51266 ls2486">income </span><span class="pp-class-382 pa t29875 l51267 ls1150">statement </span><span class="pp-class-382 pa t29875 l36809 ls1759">based </span><span class="pp-class-382 pa t29875 l54578 ls1080">on </span><span class="pp-class-382 pa t29875 l54579 ls5039">actuarial </span><span class="pp-class-382 pa t29875 l54580 ls3105">estimates </span><span class="pp-class-382 pa t29875 l54581 ls858">and </span><span class="pp-class-382 pa t29875 l54582 ls1073">financial </span><span class="pp-class-382 pa t29875 l54583 ls2688">expectations </span><span class="pp-class-382 pa t29875 l54584 ls1083">at </span><span class="pp-class-382 pa t29875 l54585 ls302">the </span><span class="pp-class-382 pa t29878 l3 ls1073">beginning </span><span class="pp-class-382 pa t29878 l54586 ls103">of </span><span class="pp-class-382 pa t29878 l54587 ls858">the </span><span class="pp-class-382 pa t29878 l4269 ls9956">year.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29902 l3 ls858">The </span><span class="pp-class-382 pa t29902 l16631 ls1974">difference </span><span class="pp-class-382 pa t29902 l54588 ls1244">between </span><span class="pp-class-382 pa t29902 l54589 ls858">the </span><span class="pp-class-382 pa t29902 l54590 ls803">calculated </span><span class="pp-class-382 pa t29902 l54591 ls852">development </span><span class="pp-class-382 pa t29902 l54592 ls1080">in </span><span class="pp-class-382 pa t29902 l54593 ls1237">pension </span><span class="pp-class-382 pa t29902 l37562 ls238">assets </span><span class="pp-class-382 pa t29902 l54594 ls1099">and </span><span class="pp-class-382 pa t29902 l54595 ls1118">liabilities </span><span class="pp-class-382 pa t29902 l54596 ls1099">and </span><span class="pp-class-382 pa t29902 l54597 ls302">the </span><span class="pp-class-382 pa t36874 l3 ls8853">realised </span><span class="pp-class-382 pa t36874 l54598 ls1150">values </span><span class="pp-class-382 pa t36874 l54599 ls800">are </span><span class="pp-class-382 pa t36874 l4508 ls2970">recognised </span><span class="pp-class-382 pa t36874 l54600 ls1080">in </span><span class="pp-class-382 pa t36874 l54601 ls296">other </span><span class="pp-class-382 pa t36874 l54602 ls1974">comprehensive </span><span class="pp-class-382 pa t36874 l54603 ls2486">income </span><span class="pp-class-382 pa t36874 l46432 ls1080">as </span><span class="pp-class-382 pa t36874 l54604 ls5039">actuarial </span><span class="pp-class-382 pa t36874 l54605 ls1759">gains </span><span class="pp-class-382 pa t36874 l54606 ls858">and </span><span class="pp-class-382 pa t36874 l54607 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29920 l3 ls1237">Changes </span><span class="pp-class-382 pa t29920 l46658 ls1080">in </span><span class="pp-class-382 pa t29920 l54608 ls858">the </span><span class="pp-class-382 pa t29920 l53288 ls1073">benefits </span><span class="pp-class-382 pa t29920 l54609 ls7694">payable </span><span class="pp-class-382 pa t29920 l54610 ls3278">for </span><span class="pp-class-382 pa t29920 l34213 ls1148">employees’ </span><span class="pp-class-382 pa t29920 l54611 ls1323">past </span><span class="pp-class-382 pa t29920 l54612 ls3572">service </span><span class="pp-class-382 pa t29920 l54613 ls1759">to </span><span class="pp-class-382 pa t29920 l54614 ls858">the </span><span class="pp-class-382 pa t29920 l54615 ls1701">enterprise </span><span class="pp-class-382 pa t29920 l54616 ls800">result </span><span class="pp-class-382 pa t29920 l54617 ls1080">in </span><span class="pp-class-382 pa t29920 l54618 ls1080">an </span><span class="pp-class-382 pa t29920 l54619 ls7756">adjust-</span><span class="pp-class-382 pa t29933 l3 ls276">ment </span><span class="pp-class-382 pa t29933 l54620 ls103">of </span><span class="pp-class-382 pa t29933 l11712 ls858">the </span><span class="pp-class-382 pa t29933 l50067 ls5039">actuarial </span><span class="pp-class-382 pa t29933 l54621 ls688">calculation </span><span class="pp-class-382 pa t29933 l54622 ls103">of </span><span class="pp-class-382 pa t29933 l54623 ls858">the </span><span class="pp-class-382 pa t29933 l54624 ls2694">value-in-use, </span><span class="pp-class-382 pa t29933 l54625 ls1759">which </span><span class="pp-class-382 pa t29933 l54626 ls1080">is </span><span class="pp-class-382 pa t29933 l54627 ls819">classified </span><span class="pp-class-382 pa t29933 l54628 ls1080">as </span><span class="pp-class-382 pa t29933 l54629 ls1323">past </span><span class="pp-class-382 pa t29933 l54630 ls3572">service </span><span class="pp-class-382 pa t29933 l51386 ls2486">costs. </span><span class="pp-class-382 pa t29933 l54631 ls187">Past </span><span class="pp-class-382 pa t48298 l3 ls3572">service </span><span class="pp-class-382 pa t48298 l23113 ls1759">costs </span><span class="pp-class-382 pa t48298 l51435 ls800">are </span><span class="pp-class-382 pa t48298 l42508 ls2970">recognised </span><span class="pp-class-382 pa t48298 l22712 ls1080">in </span><span class="pp-class-382 pa t48298 l54632 ls858">the </span><span class="pp-class-382 pa t48298 l34790 ls2486">income </span><span class="pp-class-382 pa t48298 l54633 ls1150">statement </span><span class="pp-class-382 pa t48298 l54634 ls4279">immediately </span><span class="pp-class-382 pa t48298 l54635 ls1080">if </span><span class="pp-class-382 pa t48298 l54636 ls1099">the </span><span class="pp-class-382 pa t48298 l54637 ls6007">employees </span><span class="pp-class-382 pa t48298 l54638 ls185">have </span><span class="pp-class-382 pa t48298 l54639 ls1150">already </span><span class="pp-class-382 pa t29935 l3 ls2486">earned </span><span class="pp-class-382 pa t29935 l54640 ls1099">the </span><span class="pp-class-382 pa t29935 l54641 ls1305">right </span><span class="pp-class-382 pa t29935 l54642 ls1759">to </span><span class="pp-class-382 pa t29935 l3285 ls1099">the </span><span class="pp-class-382 pa t29935 l54643 ls2113">adjusted </span><span class="pp-class-382 pa t29935 l54644 ls866">benefit. </span><span class="pp-class-382 pa t29935 l39086 ls1305">Otherwise, </span><span class="pp-class-382 pa t29935 l54645 ls858">the </span><span class="pp-class-382 pa t29935 l54646 ls1073">benefits </span><span class="pp-class-382 pa t29935 l54647 ls1323">will </span><span class="pp-class-382 pa t29935 l54648 ls1080">be </span><span class="pp-class-382 pa t29935 l54649 ls2970">recognised </span><span class="pp-class-382 pa t29935 l54650 ls1080">in </span><span class="pp-class-382 pa t29935 l54651 ls1099">the </span><span class="pp-class-382 pa t29935 l54652 ls1110">income </span><span class="pp-class-382 pa t29946 l3 ls1150">statement </span><span class="pp-class-382 pa t29946 l4002 ls2671">over </span><span class="pp-class-382 pa t29946 l54653 ls858">the </span><span class="pp-class-382 pa t29946 l54654 ls2486">period </span><span class="pp-class-382 pa t29946 l54655 ls1080">in </span><span class="pp-class-382 pa t29946 l54656 ls1759">which </span><span class="pp-class-382 pa t29946 l54657 ls858">the </span><span class="pp-class-382 pa t29946 l54658 ls6007">employees </span><span class="pp-class-382 pa t29946 l54659 ls1323">earn </span><span class="pp-class-382 pa t29946 l54660 ls1099">the </span><span class="pp-class-382 pa t29946 l54661 ls1305">right </span><span class="pp-class-382 pa t29946 l54662 ls1759">to </span><span class="pp-class-382 pa t29946 l54663 ls1099">the </span><span class="pp-class-382 pa t29946 l54664 ls2113">adjusted </span><span class="pp-class-382 pa t29946 l25929 ls1224">benefits. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t54665 l3 ls1759">Other </span><span class="pp-class-382 pa t54665 l49184 ls1101">non-current </span><span class="pp-class-382 pa t54665 l49185 ls1316">employee </span><span class="pp-class-382 pa t54665 l54349 ls688">obligations </span><span class="pp-class-382 pa t54665 l54666 ls296">include </span><span class="pp-class-382 pa t54665 l54667 ls1237">jubilee </span><span class="pp-class-382 pa t54665 l50882 ls819">benefits, </span><span class="pp-class-382 pa t54665 l54668 ls2944">etc.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls828">Provisions </span><span class="pp-class-382 pa t29793 l54768 ls800">are </span><span class="pp-class-382 pa t29793 l4884 ls2970">recognised </span><span class="pp-class-382 pa t29793 l5366 ls1759">when, </span><span class="pp-class-382 pa t29793 l54769 ls858">due </span><span class="pp-class-382 pa t29793 l54770 ls1759">to </span><span class="pp-class-382 pa t29793 l54771 ls1080">an </span><span class="pp-class-382 pa t29793 l54772 ls9967">event </span><span class="pp-class-382 pa t29793 l54773 ls1073">occurring </span><span class="pp-class-382 pa t29793 l54774 ls1080">on </span><span class="pp-class-382 pa t29793 l43684 ls1080">or </span><span class="pp-class-382 pa t29793 l54775 ls800">before </span><span class="pp-class-382 pa t29793 l54776 ls858">the </span><span class="pp-class-382 pa t29793 l54777 ls53">reporting </span><span class="pp-class-382 pa t29793 l54778 ls2688">date, </span><span class="pp-class-382 pa t29793 l24993 ls858">the </span><span class="pp-class-382 pa t29793 l54779 ls728">Group </span><span class="pp-class-382 pa t29798 l3 ls858">has </span><span class="pp-class-382 pa t29798 l48924 ls302">a </span><span class="pp-class-382 pa t29798 l54780 ls1759">legal </span><span class="pp-class-382 pa t29798 l45178 ls1080">or </span><span class="pp-class-382 pa t29798 l54781 ls2889">constructive </span><span class="pp-class-382 pa t29798 l54782 ls688">obligation, </span><span class="pp-class-382 pa t29798 l54783 ls858">and </span><span class="pp-class-382 pa t29798 l54784 ls1080">it </span><span class="pp-class-382 pa t29798 l54785 ls1080">is </span><span class="pp-class-382 pa t29798 l54786 ls8853">probable </span><span class="pp-class-382 pa t29798 l54787 ls6360">that </span><span class="pp-class-382 pa t29798 l54788 ls858">the </span><span class="pp-class-382 pa t29798 l54789 ls2784">Group </span><span class="pp-class-382 pa t29798 l54790 ls1323">will </span><span class="pp-class-382 pa t29798 l54791 ls185">have </span><span class="pp-class-382 pa t29798 l49849 ls1759">to </span><span class="pp-class-382 pa t29798 l54792 ls960">give </span><span class="pp-class-382 pa t29798 l54793 ls1080">up </span><span class="pp-class-382 pa t29798 l54794 ls3477">future </span><span class="pp-class-382 pa t36806 l3 ls2694">economic </span><span class="pp-class-382 pa t36806 l50897 ls1073">benefits </span><span class="pp-class-382 pa t36806 l51119 ls1759">to </span><span class="pp-class-382 pa t36806 l50916 ls806">meet </span><span class="pp-class-382 pa t36806 l54795 ls858">the </span><span class="pp-class-382 pa t36806 l54796 ls688">obligation </span><span class="pp-class-382 pa t36806 l54797 ls858">and </span><span class="pp-class-382 pa t36806 l54798 ls6360">that </span><span class="pp-class-382 pa t36806 l15931 ls1099">the </span><span class="pp-class-382 pa t36806 l54799 ls688">obligation </span><span class="pp-class-382 pa t36806 l54800 ls858">can </span><span class="pp-class-382 pa t36806 l54801 ls1080">be </span><span class="pp-class-382 pa t36806 l54802 ls7858">reliably </span><span class="pp-class-382 pa t36806 l54803 ls2489">estimated. </span><span class="pp-class-382 pa t29811 l3 ls828">Provisions </span><span class="pp-class-382 pa t29811 l54768 ls800">are </span><span class="pp-class-382 pa t29811 l4884 ls2970">recognised </span><span class="pp-class-382 pa t29811 l5366 ls1759">based </span><span class="pp-class-382 pa t29811 l54804 ls1080">on </span><span class="pp-class-382 pa t29811 l54805 ls2088">Management’s </span><span class="pp-class-382 pa t29811 l54806 ls1323">best </span><span class="pp-class-382 pa t29811 l54807 ls2142">estimate </span><span class="pp-class-382 pa t29811 l54808 ls103">of </span><span class="pp-class-382 pa t29811 l54809 ls858">the </span><span class="pp-class-382 pa t29811 l54810 ls3105">anticipated </span><span class="pp-class-382 pa t29811 l54811 ls2688">expenditure </span><span class="pp-class-382 pa t29811 l54812 ls99">for </span><span class="pp-class-382 pa t29824 l3 ls2970">settling </span><span class="pp-class-382 pa t29824 l39637 ls858">the </span><span class="pp-class-382 pa t29824 l54813 ls2132">relevant </span><span class="pp-class-382 pa t29824 l44805 ls688">obligation </span><span class="pp-class-382 pa t29824 l7250 ls858">and </span><span class="pp-class-382 pa t29824 l54814 ls800">are </span><span class="pp-class-382 pa t29824 l54815 ls1701">discounted </span><span class="pp-class-382 pa t29824 l54816 ls1080">if </span><span class="pp-class-382 pa t29824 l54817 ls2486">deemed </span><span class="pp-class-382 pa t29824 l54818 ls2142">material.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29849 l3 ls828">Provisions </span><span class="pp-class-382 pa t29849 l54768 ls3278">for </span><span class="pp-class-382 pa t29849 l54819 ls728">ETS </span><span class="pp-class-382 pa t29849 l54820 ls2694">emission </span><span class="pp-class-382 pa t29849 l54821 ls800">are </span><span class="pp-class-382 pa t29849 l29745 ls1974">initially </span><span class="pp-class-382 pa t29849 l54822 ls803">calculated </span><span class="pp-class-382 pa t29849 l43895 ls1759">based </span><span class="pp-class-382 pa t29849 l54823 ls1080">on </span><span class="pp-class-382 pa t29849 l54824 ls8853">measured </span><span class="pp-class-382 pa t29849 l54825 ls1073">emissions </span><span class="pp-class-382 pa t29849 l54826 ls1083">at </span><span class="pp-class-382 pa t29849 l54827 ls2486">hedged </span><span class="pp-class-382 pa t29849 l54828 ls2486">prices </span><span class="pp-class-382 pa t29849 l54829">- </span><span class="pp-class-382 pa t29853 l3 ls3278">for </span><span class="pp-class-382 pa t29853 l48915 ls1818">certificates </span><span class="pp-class-382 pa t29853 l54830 ls2143">covered </span><span class="pp-class-382 pa t29853 l38665 ls2784">by </span><span class="pp-class-382 pa t29853 l18356 ls1237">hedging </span><span class="pp-class-382 pa t29853 l54831">- </span><span class="pp-class-382 pa t29853 l3962 ls858">and </span><span class="pp-class-382 pa t29853 l45944 ls1083">at </span><span class="pp-class-382 pa t29853 l54832 ls806">spot </span><span class="pp-class-382 pa t29853 l22349 ls2486">prices </span><span class="pp-class-382 pa t29853 l54833">- </span><span class="pp-class-382 pa t29853 l47064 ls3278">for </span><span class="pp-class-382 pa t29853 l54834 ls1759">those </span><span class="pp-class-382 pa t29853 l46905 ls830">not </span><span class="pp-class-382 pa t29853 l54835 ls2143">covered </span><span class="pp-class-382 pa t29853 l54836 ls2784">by </span><span class="pp-class-382 pa t29853 l54837 ls1237">hedges, </span><span class="pp-class-382 pa t29853 l54838 ls858">and </span><span class="pp-class-382 pa t29853 l54839 ls302">the </span><span class="pp-class-382 pa t29866 l3 ls1323">cost </span><span class="pp-class-382 pa t29866 l44420 ls1080">is </span><span class="pp-class-382 pa t29866 l18517 ls2970">recognised </span><span class="pp-class-382 pa t29866 l54840 ls1080">in </span><span class="pp-class-382 pa t29866 l54841 ls858">the </span><span class="pp-class-382 pa t29866 l1435 ls2486">income </span><span class="pp-class-382 pa t29866 l54842 ls1150">statement </span><span class="pp-class-382 pa t29866 l54843 ls1759">under </span><span class="pp-class-382 pa t29866 l54844 ls1099">the </span><span class="pp-class-382 pa t29866 l54845 ls1323">line </span><span class="pp-class-382 pa t29866 l54846 ls1073">item </span><span class="pp-class-382 pa t29866 l54847 ls1323">Ferry </span><span class="pp-class-382 pa t29866 l54848 ls858">and </span><span class="pp-class-382 pa t29866 l54849 ls296">other </span><span class="pp-class-382 pa t29866 l102 ls1323">ship </span><span class="pp-class-382 pa t29866 l54850 ls2760">operation </span><span class="pp-class-382 pa t29866 l54851 ls302">and </span><span class="pp-class-382 pa t36841 l3 ls1701">maintenance </span><span class="pp-class-382 pa t36841 l54852 ls858">and </span><span class="pp-class-382 pa t36841 l52876 ls858">the </span><span class="pp-class-382 pa t36841 l28109 ls2889">corresponding </span><span class="pp-class-382 pa t36841 l54853 ls1073">liability </span><span class="pp-class-382 pa t36841 l54854 ls1080">is </span><span class="pp-class-382 pa t36841 l54855 ls2970">recognised </span><span class="pp-class-382 pa t36841 l54856 ls1759">under </span><span class="pp-class-382 pa t36841 l54857 ls1759">Other </span><span class="pp-class-382 pa t36841 l54858 ls2787">provisions. </span><span class="pp-class-382 pa t36841 l54859 ls10900">At </span><span class="pp-class-382 pa t36841 l51596 ls1305">month </span><span class="pp-class-382 pa t36841 l54860 ls858">end </span><span class="pp-class-382 pa t36841 l54861 ls302">the </span><span class="pp-class-382 pa t29875 l3 ls728">ETS </span><span class="pp-class-382 pa t29875 l17362 ls2694">emission </span><span class="pp-class-382 pa t29875 l33850 ls828">provisions </span><span class="pp-class-382 pa t29875 l42631 ls6360">that </span><span class="pp-class-382 pa t29875 l30839 ls800">are </span><span class="pp-class-382 pa t29875 l54862 ls830">not </span><span class="pp-class-382 pa t29875 l54863 ls2143">covered </span><span class="pp-class-382 pa t29875 l54864 ls2784">by </span><span class="pp-class-382 pa t29875 l27539 ls2486">hedges </span><span class="pp-class-382 pa t29875 l54865 ls800">are </span><span class="pp-class-382 pa t29875 l54866 ls7855">remeasured </span><span class="pp-class-382 pa t29875 l54867 ls1759">based </span><span class="pp-class-382 pa t29875 l54868 ls1080">on </span><span class="pp-class-382 pa t29875 l54869 ls858">the </span><span class="pp-class-382 pa t29875 l54870 ls2854">latest </span><span class="pp-class-382 pa t29875 l54871 ls1123">spot </span><span class="pp-class-382 pa t29878 l3 ls1237">prices. </span><span class="pp-class-382 pa t29878 l22785 ls1237">Changes </span><span class="pp-class-382 pa t29878 l54872 ls1080">in </span><span class="pp-class-382 pa t29878 l51119 ls858">the </span><span class="pp-class-382 pa t29878 l24491 ls728">ETS </span><span class="pp-class-382 pa t29878 l54873 ls2694">emission </span><span class="pp-class-382 pa t29878 l54874 ls828">provisions </span><span class="pp-class-382 pa t29878 l54875 ls800">are </span><span class="pp-class-382 pa t29878 l54876 ls2088">reported </span><span class="pp-class-382 pa t29878 l54877 ls1759">under </span><span class="pp-class-382 pa t29878 l54878 ls2486">change </span><span class="pp-class-382 pa t29878 l54879 ls1080">in </span><span class="pp-class-382 pa t29878 l54880 ls728">working </span><span class="pp-class-382 pa t29878 l54881 ls806">capital </span><span class="pp-class-382 pa t29878 l54882 ls1080">in </span><span class="pp-class-382 pa t29878 l54883 ls302">the </span><span class="pp-class-382 pa t29891 l3 ls1150">statement </span><span class="pp-class-382 pa t29891 l4002 ls103">of </span><span class="pp-class-382 pa t29891 l38658 ls1323">cash </span><span class="pp-class-382 pa t29891 l40310 ls3477">flows. </span></p><div id="pp-id-5114" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls704">Addition </span><span class="pp-class-376 pa t3433 l47664 ls931">from </span><span class="pp-class-376 pa t3439 l3 ls37">acquisition </span><span class="pp-class-376 pa t3439 l54884 ls287">of </span><span class="pp-class-376 pa t3445 l3 ls842">enterprises </span><span class="pp-class-376 pa t3445 l54885 ls3566">relate </span><span class="pp-class-376 pa t3445 l54886 ls166">to </span><span class="pp-class-376 pa t3445 l43225 ls907">FRS </span><span class="pp-class-376 pa t4202 l3 ls110">Group </span><span class="pp-class-376 pa t4202 l12766">and </span><span class="pp-class-376 pa t4202 l29361 ls180">Ekol </span><span class="pp-class-376 pa t4202 l54887 ls214">Group.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3453 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3457 l3 ls882">Includes </span><span class="pp-class-376 pa t3457 l54888 ls1319">mainly </span><span class="pp-class-376 pa t3457 l54889 ls187">provision </span><span class="pp-class-376 pa t3463 l3 ls85">for </span><span class="pp-class-376 pa t3463 l48219 ls103">emitted </span><span class="pp-class-376 pa t3463 l54890 ls85">greenhouse </span><span class="pp-class-376 pa t4229 l3 ls39">gases </span><span class="pp-class-376 pa t4229 l54891 ls1123">following </span><span class="pp-class-376 pa t4229 l54892 ls332">the </span><span class="pp-class-376 pa t4234 l3 ls124">Maritime </span><span class="pp-class-376 pa t4234 l54893 ls278">EU </span><span class="pp-class-376 pa t4234 l37577 ls16">Emissions </span><span class="pp-class-376 pa t4241 l3 ls1049">Trading </span><span class="pp-class-376 pa t4241 l54894 ls155">System </span><span class="pp-class-376 pa t4241 l54887 ls2835">(ETS) </span><span class="pp-class-376 pa t4246 l3 ls1123">that </span><span class="pp-class-376 pa t4246 l13290 ls16">came </span><span class="pp-class-376 pa t4246 l54895 ls88">into </span><span class="pp-class-376 pa t4246 l23124 ls103">effect </span><span class="pp-class-376 pa t4246 l48940">1 </span><span class="pp-class-376 pa t34377 l3 ls854">January </span><span class="pp-class-376 pa t34377 l54896 ls1323">2024.</span></p></div></div><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2138">Derivative </span><span class="pp-class-383 pa t30083 l56648 ls1126">financial </span><span class="pp-class-383 pa t30083 l47429 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4279">Derivative </span><span class="pp-class-382 pa t30087 l56594 ls1073">financial </span><span class="pp-class-382 pa t30087 l56595 ls806">instruments </span><span class="pp-class-382 pa t30087 l56649 ls800">are </span><span class="pp-class-382 pa t30087 l56650 ls8853">measured </span><span class="pp-class-382 pa t30087 l55437 ls1080">in </span><span class="pp-class-382 pa t30087 l56651 ls1099">the </span><span class="pp-class-382 pa t30087 l56652 ls1237">balance </span><span class="pp-class-382 pa t30087 l56653 ls296">sheet </span><span class="pp-class-382 pa t30087 l56654 ls1083">at </span><span class="pp-class-382 pa t30087 l56655 ls3278">fair </span><span class="pp-class-382 pa t30087 l56656 ls1083">value </span><span class="pp-class-382 pa t30087 l56657 ls1080">as </span><span class="pp-class-382 pa t30087 l54792 ls1243">from </span><span class="pp-class-382 pa t30087 l56658 ls858">the </span><span class="pp-class-382 pa t30087 l56659 ls1859">date </span><span class="pp-class-382 pa t30093 l3 ls2784">where </span><span class="pp-class-382 pa t30093 l3267 ls858">the </span><span class="pp-class-382 pa t30093 l13688 ls4279">derivative </span><span class="pp-class-382 pa t30093 l56660 ls1073">financial </span><span class="pp-class-382 pa t30093 l56661 ls806">instrument </span><span class="pp-class-382 pa t30093 l56662 ls1080">is </span><span class="pp-class-382 pa t30093 l56663 ls3474">concluded. </span><span class="pp-class-382 pa t30093 l56664 ls1099">The </span><span class="pp-class-382 pa t30093 l56665 ls3278">fair </span><span class="pp-class-382 pa t30093 l37923 ls1150">values </span><span class="pp-class-382 pa t30093 l56666 ls103">of </span><span class="pp-class-382 pa t30093 l56667 ls7694">derivatives </span><span class="pp-class-382 pa t30093 l56668 ls1323">financial </span><span class="pp-class-382 pa t30098 l3 ls806">instruments </span><span class="pp-class-382 pa t30098 l45776 ls800">are </span><span class="pp-class-382 pa t30098 l24500 ls852">presented </span><span class="pp-class-382 pa t30098 l3195 ls1080">as </span><span class="pp-class-382 pa t30098 l56669 ls4279">derivative </span><span class="pp-class-382 pa t30098 l56670 ls1073">financial </span><span class="pp-class-382 pa t30098 l56671 ls806">instruments </span><span class="pp-class-382 pa t30098 l56672 ls1759">under </span><span class="pp-class-382 pa t30098 l56673 ls238">assets </span><span class="pp-class-382 pa t30098 l56674 ls1080">if </span><span class="pp-class-382 pa t30098 l56675 ls2088">positive </span><span class="pp-class-382 pa t30098 l56676 ls1080">or </span><span class="pp-class-382 pa t30098 l56677 ls1080">under </span><span class="pp-class-382 pa t30105 l3 ls1118">liabilities </span><span class="pp-class-382 pa t30105 l44406 ls1080">if </span><span class="pp-class-382 pa t30105 l56678 ls1463">negative. </span><span class="pp-class-382 pa t30105 l56679 ls960">Netting </span><span class="pp-class-382 pa t30105 l56680 ls103">of </span><span class="pp-class-382 pa t30105 l56681 ls2088">positive </span><span class="pp-class-382 pa t30105 l56682 ls858">and </span><span class="pp-class-382 pa t30105 l56683 ls2944">negative </span><span class="pp-class-382 pa t30105 l56684 ls4279">derivative </span><span class="pp-class-382 pa t30105 l56685 ls1073">financial </span><span class="pp-class-382 pa t30105 l56686 ls806">instruments </span><span class="pp-class-382 pa t30105 l56687 ls1080">is </span><span class="pp-class-382 pa t30105 l56688 ls4305">only </span><span class="pp-class-382 pa t30110 l3 ls1321">performed </span><span class="pp-class-382 pa t30110 l56689 ls1080">if </span><span class="pp-class-382 pa t30110 l3898 ls858">the </span><span class="pp-class-382 pa t30110 l56690 ls2784">Group </span><span class="pp-class-382 pa t30110 l56691 ls1080">is </span><span class="pp-class-382 pa t30110 l56692 ls830">entitled </span><span class="pp-class-382 pa t30110 l56693 ls1759">to </span><span class="pp-class-382 pa t30110 l56694 ls858">and </span><span class="pp-class-382 pa t30110 l56695 ls858">has </span><span class="pp-class-382 pa t30110 l56696 ls858">the </span><span class="pp-class-382 pa t30110 l56697 ls1321">intention </span><span class="pp-class-382 pa t30110 l56698 ls1759">to </span><span class="pp-class-382 pa t30110 l56699 ls1244">settle </span><span class="pp-class-382 pa t30110 l56700 ls858">the </span><span class="pp-class-382 pa t30110 l56701 ls4279">derivative </span><span class="pp-class-382 pa t30110 l56702 ls1323">financial </span><span class="pp-class-382 pa t37915 l3 ls806">instruments </span><span class="pp-class-382 pa t37915 l45776 ls1080">as </span><span class="pp-class-382 pa t37915 l56703 ls302">a </span><span class="pp-class-382 pa t37915 l56704 ls1323">net. </span><span class="pp-class-382 pa t37915 l50467 ls1772">Fair </span><span class="pp-class-382 pa t37915 l56705 ls1150">values </span><span class="pp-class-382 pa t37915 l56706 ls103">of </span><span class="pp-class-382 pa t37915 l51422 ls4279">derivative </span><span class="pp-class-382 pa t37915 l56707 ls1073">financial </span><span class="pp-class-382 pa t37915 l56708 ls806">instruments </span><span class="pp-class-382 pa t37915 l56709 ls800">are </span><span class="pp-class-382 pa t37915 l49204 ls296">computed </span><span class="pp-class-382 pa t37915 l56710 ls1080">on </span><span class="pp-class-382 pa t37915 l56711 ls1099">the </span><span class="pp-class-382 pa t37915 l56712 ls1759">basis </span><span class="pp-class-382 pa t37915 l56713 ls134">of </span><span class="pp-class-382 pa t37930 l3 ls852">current </span><span class="pp-class-382 pa t37930 l46050 ls3623">market </span><span class="pp-class-382 pa t37930 l34319 ls852">data </span><span class="pp-class-382 pa t37930 l56714 ls1099">and </span><span class="pp-class-382 pa t37930 l56715 ls4396">generally </span><span class="pp-class-382 pa t37930 l11415 ls2142">accepted </span><span class="pp-class-382 pa t37930 l56716 ls828">valuation </span><span class="pp-class-382 pa t37930 l56717 ls3474">methods.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls1237">Fair </span><span class="pp-class-383 pa t49646 l56718 ls2784">value </span><span class="pp-class-383 pa t49646 l56719 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls1237" xmlns="http://www.w3.org/1999/xhtml">Changes </span><span class="pp-class-382 pa t37943 l46658 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37943 l54608 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37943 l53288 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37943 l56720 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37943 l56721 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37943 l56722 ls1073" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t37943 l56723 ls806" xmlns="http://www.w3.org/1999/xhtml">instruments </span><span class="pp-class-382 pa t37943 l56724 ls803" xmlns="http://www.w3.org/1999/xhtml">designated </span><span class="pp-class-382 pa t37943 l49729 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l47066 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37943 l56725 ls1759" xmlns="http://www.w3.org/1999/xhtml">qualifying </span><span class="pp-class-382 pa t37943 l56726 ls3278" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t37943 l56727 ls2142" xmlns="http://www.w3.org/1999/xhtml">recognition </span><span class="pp-class-382 pa t37943 l56728 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l56729 ls12" xmlns="http://www.w3.org/1999/xhtml">a </span><span class="pp-class-382 pa t37948 l3 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37948 l56730 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37948 l30730 ls1759" xmlns="http://www.w3.org/1999/xhtml">hedge </span><span class="pp-class-382 pa t37948 l56731 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37948 l45792 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56732 ls238" xmlns="http://www.w3.org/1999/xhtml">assets </span><span class="pp-class-382 pa t37948 l56733 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37948 l56734 ls1118" xmlns="http://www.w3.org/1999/xhtml">liabilities </span><span class="pp-class-382 pa t37948 l56735 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t37948 l49728 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56736 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37948 l56737 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37948 l56738 ls2486" xmlns="http://www.w3.org/1999/xhtml">income </span><span class="pp-class-382 pa t37948 l56739 ls1150" xmlns="http://www.w3.org/1999/xhtml">statement </span><span class="pp-class-382 pa t37948 l56740 ls819" xmlns="http://www.w3.org/1999/xhtml">together </span><span class="pp-class-382 pa t37961 l3 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t37961 l10466 ls1237" xmlns="http://www.w3.org/1999/xhtml">changes </span><span class="pp-class-382 pa t37961 l30963 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37961 l38976 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56741 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37961 l56742 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37961 l18570 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l4129 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56743 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t37961 l56744 ls1080" xmlns="http://www.w3.org/1999/xhtml">or </span><span class="pp-class-382 pa t37961 l56745 ls1073" xmlns="http://www.w3.org/1999/xhtml">liability </span><span class="pp-class-382 pa t37961 l56746 ls1759" xmlns="http://www.w3.org/1999/xhtml">based </span><span class="pp-class-382 pa t37961 l56747 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t37961 l56748 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56749 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56750 ls3278" xmlns="http://www.w3.org/1999/xhtml">proportion. </span><span class="pp-class-382 pa t37961 l56751 ls1237">Hedging </span><span class="pp-class-382 pa t37961 l56752 ls134">of </span><span class="pp-class-382 pa t37974 l3 ls1083">future </span><span class="pp-class-382 pa t37974 l34026 ls1323">cash </span><span class="pp-class-382 pa t37974 l33487 ls2784">flows </span><span class="pp-class-382 pa t37974 l56753 ls6007">according </span><span class="pp-class-382 pa t37974 l56754 ls1759">to </span><span class="pp-class-382 pa t37974 l56755 ls6007">agreements </span><span class="pp-class-382 pa t37974 l45145 ls1759">(firm </span><span class="pp-class-382 pa t37974 l56756 ls2489">commitments), </span><span class="pp-class-382 pa t37974 l56757 ls3382">except </span><span class="pp-class-382 pa t37974 l56758 ls3278">for </span><span class="pp-class-382 pa t37974 l56759 ls1463">foreign </span><span class="pp-class-382 pa t37974 l56760 ls3377">currency </span><span class="pp-class-382 pa t37974 l56761 ls1099">hedges, </span><span class="pp-class-382 pa t49077 l3 ls1080">is </span><span class="pp-class-382 pa t49077 l46558 ls3458">treated </span><span class="pp-class-382 pa t49077 l56762 ls1080">as </span><span class="pp-class-382 pa t49077 l56763 ls302">a </span><span class="pp-class-382 pa t49077 l56764 ls3278">fair </span><span class="pp-class-382 pa t49077 l56765 ls1083">value </span><span class="pp-class-382 pa t49077 l56766 ls1759">hedge </span><span class="pp-class-382 pa t49077 l16536 ls103">of </span><span class="pp-class-382 pa t49077 l56767 ls302">a </span><span class="pp-class-382 pa t49077 l56768 ls2970">recognised </span><span class="pp-class-382 pa t49077 l56769 ls296">asset </span><span class="pp-class-382 pa t49077 l36990 ls1099">and </span><span class="pp-class-382 pa t49077 l56770 ls185">liability.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls1323">Cash </span><span class="pp-class-383 pa t37977 l45507 ls2944">flow </span><span class="pp-class-383 pa t37977 l56771 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls103">Changes </span><span class="pp-class-382 pa t36901 l56772 ls2482">in </span><span class="pp-class-382 pa t36901 l56773 ls1955">the </span><span class="pp-class-382 pa t36901 l250 ls276">fair </span><span class="pp-class-382 pa t36901 l56774 ls5039">value </span><span class="pp-class-382 pa t36901 l56775 ls2835">of </span><span class="pp-class-382 pa t36901 l18339 ls3572">financial </span><span class="pp-class-382 pa t36901 l56776 ls56">instruments </span><span class="pp-class-382 pa t36901 l56777 ls1319">designated </span><span class="pp-class-382 pa t36901 l56778 ls2482">as </span><span class="pp-class-382 pa t36901 l46236 ls1955">and </span><span class="pp-class-382 pa t36901 l56779 ls85">qualifying </span><span class="pp-class-382 pa t36901 l56780 ls1237">for </span><span class="pp-class-382 pa t36901 l56781 ls1344">cash </span><span class="pp-class-382 pa t36901 l56782 ls1772">flow </span><span class="pp-class-382 pa t36901 l56783 ls1955">hedging </span><span class="pp-class-382 pa t36903 l3 ls1955">and </span><span class="pp-class-382 pa t36903 l56784 ls1080">which </span><span class="pp-class-382 pa t36903 l10920 ls2760">effectively </span><span class="pp-class-382 pa t36903 l56785 ls1080">hedge </span><span class="pp-class-382 pa t36903 l56786 ls103">changes </span><span class="pp-class-382 pa t36903 l17115 ls2482">in </span><span class="pp-class-382 pa t36903 l56787 ls2113">future </span><span class="pp-class-382 pa t36903 l56788 ls1344">cash </span><span class="pp-class-382 pa t36903 l56789 ls2113">flows, </span><span class="pp-class-382 pa t36903 l56790 ls1974">are </span><span class="pp-class-382 pa t36903 l56791 ls3474">recognised </span><span class="pp-class-382 pa t36903 l56792 ls2482">in </span><span class="pp-class-382 pa t36903 l56793 ls58">other </span><span class="pp-class-382 pa t36903 l56794 ls1772">comprehensive </span><span class="pp-class-382 pa t36916 l3 ls869">income. </span><span class="pp-class-382 pa t36916 l31834 ls1955">The </span><span class="pp-class-382 pa t36916 l56795 ls3566">change </span><span class="pp-class-382 pa t36916 l16336 ls2482">in </span><span class="pp-class-382 pa t36916 l56796 ls276">fair </span><span class="pp-class-382 pa t36916 l53013 ls5039">value </span><span class="pp-class-382 pa t36916 l56797 ls4275">that </span><span class="pp-class-382 pa t36916 l53348 ls4305">relates </span><span class="pp-class-382 pa t36916 l56798 ls103">to </span><span class="pp-class-382 pa t36916 l56799 ls1955">the </span><span class="pp-class-382 pa t36916 l56800 ls2088">effective </span><span class="pp-class-382 pa t36916 l45826 ls658">portion </span><span class="pp-class-382 pa t36916 l56801 ls2835">of </span><span class="pp-class-382 pa t36916 l56802 ls1955">the </span><span class="pp-class-382 pa t36916 l54629 ls1344">cash </span><span class="pp-class-382 pa t36916 l56803 ls1772">flow </span><span class="pp-class-382 pa t36916 l56804 ls1080">hedge </span><span class="pp-class-382 pa t36916 l56805 ls254">is </span><span class="pp-class-382 pa t36920 l3 ls3474">recognised </span><span class="pp-class-382 pa t36920 l56806 ls2482">as </span><span class="pp-class-382 pa t36920 l16615 ls16">a </span><span class="pp-class-382 pa t36920 l56690 ls1974">separate </span><span class="pp-class-382 pa t36920 l56807 ls3566">equity </span><span class="pp-class-382 pa t36920 l56808 ls728">reserve </span><span class="pp-class-382 pa t36920 l56809 ls1110">until </span><span class="pp-class-382 pa t36920 l56810 ls1955">the </span><span class="pp-class-382 pa t36920 l56811 ls3566">hedged </span><span class="pp-class-382 pa t36920 l51591 ls1344">cash </span><span class="pp-class-382 pa t36920 l56812 ls1772">flow </span><span class="pp-class-382 pa t36920 l56813 ls1118">impacts </span><span class="pp-class-382 pa t36920 l56814 ls1955">the </span><span class="pp-class-382 pa t36920 l56815 ls3566">income </span><span class="pp-class-382 pa t36920 l56816 ls276">statement. </span><span class="pp-class-382 pa t36928 l3 ls2769">At </span><span class="pp-class-382 pa t36928 l56817 ls1344">this </span><span class="pp-class-382 pa t36928 l56818 ls1110">point </span><span class="pp-class-382 pa t36928 l17453 ls2482">in </span><span class="pp-class-382 pa t36928 l44018 ls1344">time </span><span class="pp-class-382 pa t36928 l50753 ls1955">the </span><span class="pp-class-382 pa t36928 l56819 ls4305">related </span><span class="pp-class-382 pa t36928 l56820 ls1080">gains </span><span class="pp-class-382 pa t36928 l56821 ls2482">or </span><span class="pp-class-382 pa t36928 l56822 ls3566">losses </span><span class="pp-class-382 pa t36928 l56823 ls7096">previously </span><span class="pp-class-382 pa t36928 l56824 ls3474">recognised </span><span class="pp-class-382 pa t36928 l56825 ls2482">in </span><span class="pp-class-382 pa t36928 l56826 ls58">other </span><span class="pp-class-382 pa t36928 l56827 ls2113">comprehensive </span><span class="pp-class-382 pa t36928 l56828 ls2835">income </span><span class="pp-class-382 pa t38016 l3 ls1974">are </span><span class="pp-class-382 pa t38016 l56829 ls6007">transferred </span><span class="pp-class-382 pa t38016 l56830 ls103">to </span><span class="pp-class-382 pa t38016 l32572 ls1955">the </span><span class="pp-class-382 pa t38016 l52521 ls3566">income </span><span class="pp-class-382 pa t38016 l56831 ls3278">statement </span><span class="pp-class-382 pa t38016 l56832 ls1323">into </span><span class="pp-class-382 pa t38016 l56833 ls1955">the </span><span class="pp-class-382 pa t38016 l13649 ls1344">same </span><span class="pp-class-382 pa t38016 l56834 ls1344">line </span><span class="pp-class-382 pa t38016 l56835 ls1123">item </span><span class="pp-class-382 pa t38016 l56836 ls2482">as </span><span class="pp-class-382 pa t38016 l56837 ls1955">the </span><span class="pp-class-382 pa t38016 l56838 ls3566">hedged </span><span class="pp-class-382 pa t38016 l56839 ls1123">item </span><span class="pp-class-382 pa t38016 l56840 ls2482">is </span><span class="pp-class-382 pa t38016 l56841 ls1305">recognised. </span><span class="pp-class-382 pa t49235 l3 ls14073">However, </span><span class="pp-class-382 pa t49235 l56842 ls1344">when </span><span class="pp-class-382 pa t49235 l56843 ls1955">the </span><span class="pp-class-382 pa t49235 l30618 ls3105">forecast </span><span class="pp-class-382 pa t49235 l51090 ls2088">transaction </span><span class="pp-class-382 pa t49235 l56844 ls4275">that </span><span class="pp-class-382 pa t49235 l36927 ls2482">is </span><span class="pp-class-382 pa t49235 l56845 ls3566">hedged </span><span class="pp-class-382 pa t49235 l56846 ls8853">results </span><span class="pp-class-382 pa t49235 l56847 ls2482">in </span><span class="pp-class-382 pa t49235 l56848 ls1955">the </span><span class="pp-class-382 pa t49235 l56849 ls296">recognition </span><span class="pp-class-382 pa t49235 l56850 ls2835">of </span><span class="pp-class-382 pa t49235 l53021 ls16">a </span><span class="pp-class-382 pa t49235 l56851 ls1065">non-financial </span><span class="pp-class-382 pa t38021 l3 ls3566">asset, </span><span class="pp-class-382 pa t38021 l38025 ls1955">the </span><span class="pp-class-382 pa t38021 l56852 ls1080">gains </span><span class="pp-class-382 pa t38021 l56853 ls2482">or </span><span class="pp-class-382 pa t38021 l56854 ls3566">losses </span><span class="pp-class-382 pa t38021 l14180 ls7096">previously </span><span class="pp-class-382 pa t38021 l56855 ls3474">recognised </span><span class="pp-class-382 pa t38021 l56856 ls2482">in </span><span class="pp-class-382 pa t38021 l56857 ls58">other </span><span class="pp-class-382 pa t38021 l56858 ls2113">comprehensive </span><span class="pp-class-382 pa t38021 l56859 ls3566">income </span><span class="pp-class-382 pa t38021 l56860 ls1974">are </span><span class="pp-class-382 pa t38021 l25310 ls6007">transferred </span><span class="pp-class-382 pa t38021 l56861 ls1772">from </span><span class="pp-class-382 pa t38024 l3 ls3566">equity </span><span class="pp-class-382 pa t38024 l45246 ls1955">and </span><span class="pp-class-382 pa t38024 l53339 ls99">included </span><span class="pp-class-382 pa t38024 l56862 ls2482">in </span><span class="pp-class-382 pa t38024 l16248 ls1955">the </span><span class="pp-class-382 pa t38024 l56863 ls103">initial </span><span class="pp-class-382 pa t38024 l56864 ls4275">measurement </span><span class="pp-class-382 pa t38024 l56865 ls2835">of </span><span class="pp-class-382 pa t38024 l56866 ls1955">the </span><span class="pp-class-382 pa t38024 l56867 ls1344">cost </span><span class="pp-class-382 pa t38024 l56868 ls2835">of </span><span class="pp-class-382 pa t38024 l56869 ls1955">the </span><span class="pp-class-382 pa t38024 l56870 ls3566">non-financial </span><span class="pp-class-382 pa t38024 l56871 ls3566">asset. </span><span class="pp-class-382 pa t38024 l56872 ls1077">For </span><span class="pp-class-382 pa t38024 l56873 ls6360">derivative </span><span class="pp-class-382 pa t38039 l3 ls3572">financial </span><span class="pp-class-382 pa t38039 l56874 ls56">instruments </span><span class="pp-class-382 pa t38039 l56875 ls4275">that </span><span class="pp-class-382 pa t38039 l56876 ls2482">no </span><span class="pp-class-382 pa t38039 l56877 ls3566">longer </span><span class="pp-class-382 pa t38039 l56878 ls214">qualify </span><span class="pp-class-382 pa t38039 l35069 ls1237">for </span><span class="pp-class-382 pa t38039 l56879 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56880 ls187">accounting, </span><span class="pp-class-382 pa t38039 l55935 ls1955">the </span><span class="pp-class-382 pa t38039 l56881 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56882 ls2482">is </span><span class="pp-class-382 pa t38039 l56883 ls2854">dissolved </span><span class="pp-class-382 pa t49735 l3 ls10900">prospectively. </span><span class="pp-class-382 pa t49735 l56884 ls1955">The </span><span class="pp-class-382 pa t49735 l56885 ls1772">accumulated </span><span class="pp-class-382 pa t49735 l56886 ls276">fair </span><span class="pp-class-382 pa t49735 l56887 ls5039">value </span><span class="pp-class-382 pa t49735 l56888 ls2482">in </span><span class="pp-class-382 pa t49735 l56889 ls3566">equity </span><span class="pp-class-382 pa t49735 l56890 ls2482">is </span><span class="pp-class-382 pa t49735 l56891 ls2127">immediately </span><span class="pp-class-382 pa t49735 l56892 ls6007">transferred </span><span class="pp-class-382 pa t49735 l56893 ls103">to </span><span class="pp-class-382 pa t49735 l56894 ls1955">the </span><span class="pp-class-382 pa t49735 l56895 ls2835">income </span><span class="pp-class-382 pa t49748 l3 ls3278">statement </span><span class="pp-class-382 pa t49748 l56896 ls1323">into </span><span class="pp-class-382 pa t49748 l56897 ls1955">the </span><span class="pp-class-382 pa t49748 l56898 ls1344">same </span><span class="pp-class-382 pa t49748 l32537 ls1344">line </span><span class="pp-class-382 pa t49748 l56899 ls1123">item </span><span class="pp-class-382 pa t49748 l56900 ls2482">as </span><span class="pp-class-382 pa t49748 l56901 ls1955">the </span><span class="pp-class-382 pa t49748 l56902 ls3566">hedged </span><span class="pp-class-382 pa t49748 l56903 ls1123">item </span><span class="pp-class-382 pa t49748 l47460 ls2482">is </span><span class="pp-class-382 pa t49748 l56904 ls3474">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t51196 l3 ls1759">Other </span><span class="pp-class-383 pa t51196 l49181 ls1126">financial </span><span class="pp-class-383 pa t51196 l56905 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1772">For </span><span class="pp-class-382 pa t49777 l44017 ls1073">financial </span><span class="pp-class-382 pa t49777 l56906 ls806">instruments </span><span class="pp-class-382 pa t49777 l56907 ls6360">that </span><span class="pp-class-382 pa t49777 l56908 ls1080">do </span><span class="pp-class-382 pa t49777 l56909 ls830">not </span><span class="pp-class-382 pa t49777 l56910 ls2842">fulfil </span><span class="pp-class-382 pa t49777 l56911 ls858">the </span><span class="pp-class-382 pa t49777 l56912 ls2688">requirements </span><span class="pp-class-382 pa t49777 l56913 ls103">of </span><span class="pp-class-382 pa t49777 l56914 ls1759">being </span><span class="pp-class-382 pa t49777 l56915 ls3458">treated </span><span class="pp-class-382 pa t49777 l56916 ls1080">as </span><span class="pp-class-382 pa t49777 l56917 ls1759">hedge </span><span class="pp-class-382 pa t49777 l56918 ls1941">instruments, </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1237">changes </span><span class="pp-class-382 pa t49792 l56919 ls1080">in </span><span class="pp-class-382 pa t49792 l29583 ls3278">fair </span><span class="pp-class-382 pa t49792 l56920 ls1083">value </span><span class="pp-class-382 pa t49792 l56921 ls800">are </span><span class="pp-class-382 pa t49792 l56922 ls2970">recognised </span><span class="pp-class-382 pa t49792 l56923 ls1080">in </span><span class="pp-class-382 pa t49792 l34249 ls858">the </span><span class="pp-class-382 pa t49792 l2583 ls2486">Income </span><span class="pp-class-382 pa t49792 l56924 ls1150">statement </span><span class="pp-class-382 pa t49792 l56925 ls1080">as </span><span class="pp-class-382 pa t49792 l56926 ls1073">financial </span><span class="pp-class-382 pa t49792 l56927 ls2486">income </span><span class="pp-class-382 pa t49792 l56928 ls858">and </span><span class="pp-class-382 pa t49792 l56929 ls1733">cost.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1073">Financial </span><span class="pp-class-382 pa t29793 l57190 ls2486">income </span><span class="pp-class-382 pa t29793 l57191 ls1099">and </span><span class="pp-class-382 pa t29793 l34254 ls1759">costs </span><span class="pp-class-382 pa t29793 l57192 ls2694">comprise </span><span class="pp-class-382 pa t29793 l32324 ls2784">interest </span><span class="pp-class-382 pa t29793 l48361 ls2486">income </span><span class="pp-class-382 pa t29793 l57193 ls858">and </span><span class="pp-class-382 pa t29793 l57194 ls2486">costs; </span><span class="pp-class-382 pa t29793 l57195 ls8853">realised </span><span class="pp-class-382 pa t29793 l57196 ls1099">and </span><span class="pp-class-382 pa t29793 l57197 ls2970">unrealised </span><span class="pp-class-382 pa t29793 l57198 ls1759">gains </span><span class="pp-class-382 pa t29793 l57199 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls2486">losses </span><span class="pp-class-382 pa t29798 l16285 ls1080">on </span><span class="pp-class-382 pa t29798 l50033 ls6007">receivables, </span><span class="pp-class-382 pa t29798 l57200 ls1243">payables </span><span class="pp-class-382 pa t29798 l45287 ls858">and </span><span class="pp-class-382 pa t29798 l57201 ls3623">transactions </span><span class="pp-class-382 pa t29798 l57202 ls728">denominated </span><span class="pp-class-382 pa t29798 l55102 ls1080">in </span><span class="pp-class-382 pa t29798 l57203 ls1463">foreign </span><span class="pp-class-382 pa t29798 l57204 ls2142">currencies; </span><span class="pp-class-382 pa t29798 l57205 ls8853">realised </span><span class="pp-class-382 pa t29798 l57206 ls1080">gains </span><span class="pp-class-382 pa t36806 l3 ls858">and </span><span class="pp-class-382 pa t36806 l29386 ls2486">losses </span><span class="pp-class-382 pa t36806 l57207 ls1080">on </span><span class="pp-class-382 pa t36806 l42623 ls1118">securities; </span><span class="pp-class-382 pa t36806 l57208 ls238">amortisation </span><span class="pp-class-382 pa t36806 l5130 ls103">of </span><span class="pp-class-382 pa t36806 l57209 ls1073">financial </span><span class="pp-class-382 pa t36806 l28242 ls238">assets </span><span class="pp-class-382 pa t36806 l57210 ls858">and </span><span class="pp-class-382 pa t36806 l57211 ls830">liabilities; </span><span class="pp-class-382 pa t36806 l57212 ls852">interests </span><span class="pp-class-382 pa t36806 l57213 ls1080">on </span><span class="pp-class-382 pa t36806 l57214 ls858">leasing </span><span class="pp-class-382 pa t29811 l3 ls852">agreements; </span><span class="pp-class-382 pa t29811 l51818 ls1323">bank </span><span class="pp-class-382 pa t29811 l57215 ls1150">charges </span><span class="pp-class-382 pa t29811 l57216 ls858">and </span><span class="pp-class-382 pa t29811 l57217 ls3278">fees </span><span class="pp-class-382 pa t29811 l57218 ls1868">etc. </span><span class="pp-class-382 pa t29811 l57219 ls1323">Also </span><span class="pp-class-382 pa t29811 l30900 ls238">included </span><span class="pp-class-382 pa t29811 l57220 ls800">are </span><span class="pp-class-382 pa t29811 l57221 ls8853">realised </span><span class="pp-class-382 pa t29811 l57222 ls1099">and </span><span class="pp-class-382 pa t29811 l57223 ls2970">unrealised </span><span class="pp-class-382 pa t29811 l57224 ls1759">gains </span><span class="pp-class-382 pa t29811 l57225 ls858">and </span><span class="pp-class-382 pa t29811 l57226 ls1110">losses </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4279">derivative </span><span class="pp-class-382 pa t29824 l14525 ls1073">financial </span><span class="pp-class-382 pa t29824 l41139 ls806">instruments </span><span class="pp-class-382 pa t29824 l57227 ls6360">that </span><span class="pp-class-382 pa t29824 l57228 ls800">are </span><span class="pp-class-382 pa t29824 l57229 ls830">not </span><span class="pp-class-382 pa t29824 l57230 ls803">designated </span><span class="pp-class-382 pa t29824 l57231 ls1080">as </span><span class="pp-class-382 pa t29824 l57232 ls2486">hedges.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls2784">Interest-bearing </span><span class="pp-class-382 pa t29793 l57520 ls1118">liabilities </span><span class="pp-class-382 pa t29793 l57521 ls2694">comprise </span><span class="pp-class-382 pa t29793 l57522 ls1118">amounts </span><span class="pp-class-382 pa t29793 l42965 ls2671">owed </span><span class="pp-class-382 pa t29793 l57523 ls1759">to </span><span class="pp-class-382 pa t29793 l57524 ls715">mortgage/credit </span><span class="pp-class-382 pa t29793 l57525 ls830">institutions </span><span class="pp-class-382 pa t29793 l57526 ls858">and </span><span class="pp-class-382 pa t29793 l57527 ls2970">banks </span><span class="pp-class-382 pa t29793 l57528 ls1080">as </span><span class="pp-class-382 pa t29793 l57529 ls3474">well </span><span class="pp-class-382 pa t29798 l3 ls1080">as </span><span class="pp-class-382 pa t29798 l34384 ls1118">amounts </span><span class="pp-class-382 pa t29798 l57530 ls2671">owed </span><span class="pp-class-382 pa t29798 l7441 ls1759">to </span><span class="pp-class-382 pa t29798 l16158 ls2889">owners </span><span class="pp-class-382 pa t29798 l57531 ls103">of </span><span class="pp-class-382 pa t29798 l57532 ls2486">issued </span><span class="pp-class-382 pa t29798 l57533 ls3377">corporate </span><span class="pp-class-382 pa t29798 l57328 ls1759">bonds </span><span class="pp-class-382 pa t29798 l57534 ls3474">including </span><span class="pp-class-382 pa t29798 l57535 ls1118">liabilities </span><span class="pp-class-382 pa t29798 l57536 ls1237">arising </span><span class="pp-class-382 pa t29798 l57537 ls1243">from </span><span class="pp-class-382 pa t29798 l29998 ls2944">derivatives </span><span class="pp-class-382 pa t36806 l3 ls2531">relating </span><span class="pp-class-382 pa t36806 l57538 ls1759">to </span><span class="pp-class-382 pa t36806 l57539 ls2486">issued </span><span class="pp-class-382 pa t36806 l57540 ls3377">corporate </span><span class="pp-class-382 pa t36806 l57541 ls2486">bonds. </span><span class="pp-class-382 pa t36806 l57542 ls1099">The </span><span class="pp-class-382 pa t36806 l57543 ls1118">amounts </span><span class="pp-class-382 pa t36806 l57544 ls800">are </span><span class="pp-class-382 pa t36806 l57545 ls1974">initially </span><span class="pp-class-382 pa t36806 l57546 ls2970">recognised </span><span class="pp-class-382 pa t36806 l54637 ls1083">at </span><span class="pp-class-382 pa t36806 l57547 ls3278">fair </span><span class="pp-class-382 pa t36806 l57548 ls1083">value </span><span class="pp-class-382 pa t36806 l57549 ls830">net </span><span class="pp-class-382 pa t36806 l57550 ls134">of </span><span class="pp-class-382 pa t29811 l3 ls2944">transaction </span><span class="pp-class-382 pa t29811 l57551 ls960">expenses. </span><span class="pp-class-382 pa t29811 l57552 ls6791">Subsequently, </span><span class="pp-class-382 pa t29811 l57553 ls1099">the </span><span class="pp-class-382 pa t29811 l57554 ls1073">financial </span><span class="pp-class-382 pa t29811 l57555 ls1073">liability </span><span class="pp-class-382 pa t29811 l49425 ls1080">is </span><span class="pp-class-382 pa t29811 l57556 ls8853">measured </span><span class="pp-class-382 pa t29811 l57557 ls1083">at </span><span class="pp-class-382 pa t29811 l57558 ls1257">amortised </span><span class="pp-class-382 pa t29811 l57559 ls1252">cost, </span><span class="pp-class-382 pa t29824 l3 ls2889">corresponding </span><span class="pp-class-382 pa t29824 l38017 ls1759">to </span><span class="pp-class-382 pa t29824 l56753 ls858">the </span><span class="pp-class-382 pa t29824 l57560 ls3474">capitalised </span><span class="pp-class-382 pa t29824 l57561 ls1083">value </span><span class="pp-class-382 pa t29824 l57562 ls1759">using </span><span class="pp-class-382 pa t29824 l57563 ls858">the </span><span class="pp-class-382 pa t29824 l57564 ls2784">effective </span><span class="pp-class-382 pa t29824 l44428 ls2784">interest </span><span class="pp-class-382 pa t29824 l57565 ls3474">method, </span><span class="pp-class-382 pa t29824 l57566 ls1080">so </span><span class="pp-class-382 pa t29824 l57567 ls6360">that </span><span class="pp-class-382 pa t29824 l57568 ls858">the </span><span class="pp-class-382 pa t29824 l57569 ls5069">difference </span><span class="pp-class-382 pa t29836 l3 ls1244">between </span><span class="pp-class-382 pa t29836 l29382 ls858">the </span><span class="pp-class-382 pa t29836 l57570 ls8853">proceeds </span><span class="pp-class-382 pa t29836 l57571 ls858">and </span><span class="pp-class-382 pa t29836 l14544 ls858">the </span><span class="pp-class-382 pa t29836 l57572 ls1237">nominal </span><span class="pp-class-382 pa t29836 l57573 ls1083">value </span><span class="pp-class-382 pa t29836 l50994 ls1080">is </span><span class="pp-class-382 pa t29836 l51702 ls2970">recognised </span><span class="pp-class-382 pa t29836 l57574 ls1080">in </span><span class="pp-class-382 pa t29836 l57575 ls1099">the </span><span class="pp-class-382 pa t29836 l57576 ls2486">income </span><span class="pp-class-382 pa t29836 l57577 ls1150">statement </span><span class="pp-class-382 pa t29836 l57578 ls1759">under </span><span class="pp-class-382 pa t29836 l57579 ls1323">financial </span><span class="pp-class-382 pa t29849 l3 ls1759">costs </span><span class="pp-class-382 pa t29849 l34282 ls2671">over </span><span class="pp-class-382 pa t29849 l57580 ls858">the </span><span class="pp-class-382 pa t29849 l57581 ls1073">term </span><span class="pp-class-382 pa t29849 l57582 ls103">of </span><span class="pp-class-382 pa t29849 l30928 ls858">the </span><span class="pp-class-382 pa t29849 l57583 ls1080">loan. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29866 l3 ls2784">Interest-bearing </span><span class="pp-class-382 pa t29866 l57520 ls1118">liabilities </span><span class="pp-class-382 pa t29866 l57521 ls1323">also </span><span class="pp-class-382 pa t29866 l55572 ls296">include </span><span class="pp-class-382 pa t29866 l57584 ls3474">capitalised </span><span class="pp-class-382 pa t29866 l57585 ls8853">residual </span><span class="pp-class-382 pa t29866 l57586 ls1759">lease </span><span class="pp-class-382 pa t29866 l57587 ls688">obligations </span><span class="pp-class-382 pa t29866 l57588 ls1080">on </span><span class="pp-class-382 pa t29866 l45048 ls1237">leases. </span><span class="pp-class-382 pa t29866 l43943 ls1080">Other </span><span class="pp-class-382 pa t36841 l3 ls1118">liabilities </span><span class="pp-class-382 pa t36841 l44406 ls800">are </span><span class="pp-class-382 pa t36841 l57589 ls2970">recognised </span><span class="pp-class-382 pa t36841 l46607 ls1083">at </span><span class="pp-class-382 pa t36841 l57590 ls1257">amortised </span><span class="pp-class-382 pa t36841 l53673 ls1110">cost, </span><span class="pp-class-382 pa t36841 l57591 ls1759">which </span><span class="pp-class-382 pa t36841 l57592 ls2142">corresponds </span><span class="pp-class-382 pa t36841 l57593 ls1759">to </span><span class="pp-class-382 pa t36841 l57594 ls1099">the </span><span class="pp-class-382 pa t36841 l57595 ls830">net </span><span class="pp-class-382 pa t36841 l57596 ls2970">realisable </span><span class="pp-class-382 pa t36841 l57597 ls1083">value </span><span class="pp-class-382 pa t36841 l57598 ls1080">in </span><span class="pp-class-382 pa t36841 l57599 ls302">all </span><span class="pp-class-382 pa t29875 l3 ls2142">material </span><span class="pp-class-382 pa t29875 l57600 ls3623">respects.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2694">Dividends</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls8853">Proposed </span><span class="pp-class-382 pa t30087 l57603 ls1073">dividends </span><span class="pp-class-382 pa t30087 l57604 ls800">are </span><span class="pp-class-382 pa t30087 l57605 ls2970">recognised </span><span class="pp-class-382 pa t30087 l57606 ls1080">as </span><span class="pp-class-382 pa t30087 l57607 ls1118">liabilities </span><span class="pp-class-382 pa t30087 l56975 ls1083">at </span><span class="pp-class-382 pa t30087 l47588 ls858">the </span><span class="pp-class-382 pa t30087 l57608 ls852">date </span><span class="pp-class-382 pa t30087 l57609 ls1080">on </span><span class="pp-class-382 pa t30087 l57610 ls1759">which </span><span class="pp-class-382 pa t30087 l57611 ls960">they </span><span class="pp-class-382 pa t30087 l57612 ls800">are </span><span class="pp-class-382 pa t30087 l57613 ls2970">adopted </span><span class="pp-class-382 pa t30087 l57614 ls1083">at </span><span class="pp-class-382 pa t30087 l57615 ls1099">the </span><span class="pp-class-382 pa t30087 l57616 ls1110">Annual </span><span class="pp-class-382 pa t30093 l3 ls1150">General </span><span class="pp-class-382 pa t30093 l43759 ls3474">Meeting </span><span class="pp-class-382 pa t30093 l19163 ls1759">(time </span><span class="pp-class-382 pa t30093 l57617 ls103">of </span><span class="pp-class-382 pa t30093 l57618 ls3623">declaration).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30105 l3 ls2842">Reserve </span><span class="pp-class-383 pa t30105 l57619 ls1077">for </span><span class="pp-class-383 pa t30105 l57620 ls830">treasury </span><span class="pp-class-383 pa t30105 l57621 ls2842">shares</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30110 l3 ls858">The </span><span class="pp-class-382 pa t30110 l16631 ls2944">reserve </span><span class="pp-class-382 pa t30110 l57622 ls1073">comprises </span><span class="pp-class-382 pa t30110 l22208 ls858">the </span><span class="pp-class-382 pa t30110 l57623 ls1237">nominal </span><span class="pp-class-382 pa t30110 l57624 ls1083">value </span><span class="pp-class-382 pa t30110 l57625 ls103">of </span><span class="pp-class-382 pa t30110 l57626 ls2842">treasury </span><span class="pp-class-382 pa t30110 l54817 ls1150">shares. </span><span class="pp-class-382 pa t30110 l48074 ls1099">The </span><span class="pp-class-382 pa t30110 l57627 ls1974">difference </span><span class="pp-class-382 pa t30110 l57628 ls1244">between </span><span class="pp-class-382 pa t30110 l57629 ls1099">the </span><span class="pp-class-382 pa t30110 l57630 ls3623">market </span><span class="pp-class-382 pa t30110 l57631 ls1080">price </span><span class="pp-class-382 pa t37915 l3 ls1323">paid </span><span class="pp-class-382 pa t37915 l42578 ls1099">and </span><span class="pp-class-382 pa t37915 l42367 ls858">the </span><span class="pp-class-382 pa t37915 l57632 ls1237">nominal </span><span class="pp-class-382 pa t37915 l57633 ls1083">value </span><span class="pp-class-382 pa t37915 l36661 ls1080">as </span><span class="pp-class-382 pa t37915 l4316 ls960">well </span><span class="pp-class-382 pa t37915 l57634 ls1080">as </span><span class="pp-class-382 pa t37915 l7656 ls1073">dividends </span><span class="pp-class-382 pa t37915 l56697 ls1080">on </span><span class="pp-class-382 pa t37915 l57635 ls2842">treasury </span><span class="pp-class-382 pa t37915 l57636 ls1083">shares </span><span class="pp-class-382 pa t37915 l57637 ls800">are </span><span class="pp-class-382 pa t37915 l57638 ls2970">recognised </span><span class="pp-class-382 pa t37915 l57639 ls2143">directly </span><span class="pp-class-382 pa t37915 l57640 ls1080">in </span><span class="pp-class-382 pa t37915 l57641 ls1110">equity </span><span class="pp-class-382 pa t37930 l3 ls1759">under </span><span class="pp-class-382 pa t37930 l57642 ls828">retained </span><span class="pp-class-382 pa t37930 l49897 ls1073">earnings. </span><span class="pp-class-382 pa t37930 l57643 ls858">The </span><span class="pp-class-382 pa t37930 l57644 ls2944">reserve </span><span class="pp-class-382 pa t37930 l57645 ls1080">is </span><span class="pp-class-382 pa t37930 l57646 ls302">a </span><span class="pp-class-382 pa t37930 l57647 ls3474">distributable </span><span class="pp-class-382 pa t37930 l57648 ls1083">reserve. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls4305">Currency </span><span class="pp-class-383 pa t49646 l55442 ls2944">translation </span><span class="pp-class-383 pa t49646 l57649 ls1974">reserve</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls2944">reserve </span><span class="pp-class-382 pa t37943 l57622 ls1073">comprises </span><span class="pp-class-382 pa t37943 l22208 ls1323">DFDS </span><span class="pp-class-382 pa t37943 l57650 ls1868">A/S </span><span class="pp-class-382 pa t37943 l57651 ls728">shareholders’ </span><span class="pp-class-382 pa t37943 l41346 ls2784">share </span><span class="pp-class-382 pa t37943 l57652 ls103">of </span><span class="pp-class-382 pa t37943 l57653 ls3377">currency </span><span class="pp-class-382 pa t37943 l37299 ls2944">translation </span><span class="pp-class-382 pa t37943 l57654 ls3278">adjustments </span><span class="pp-class-382 pa t37943 l57655 ls1237">arising </span><span class="pp-class-382 pa t37943 l57656 ls278">on </span><span class="pp-class-382 pa t37948 l3 ls858">the </span><span class="pp-class-382 pa t37948 l43824 ls2944">translation </span><span class="pp-class-382 pa t37948 l50323 ls103">of </span><span class="pp-class-382 pa t37948 l3873 ls830">net </span><span class="pp-class-382 pa t37948 l57657 ls1244">investments </span><span class="pp-class-382 pa t37948 l34255 ls1080">in </span><span class="pp-class-382 pa t37948 l57658 ls1701">enterprises </span><span class="pp-class-382 pa t37948 l57659 ls1323">with </span><span class="pp-class-382 pa t37948 l57660 ls302">a </span><span class="pp-class-382 pa t37948 l57661 ls1271">functional </span><span class="pp-class-382 pa t37948 l57662 ls3377">currency </span><span class="pp-class-382 pa t37948 l57663 ls296">other </span><span class="pp-class-382 pa t37948 l57664 ls1323">than </span><span class="pp-class-382 pa t37948 l57665 ls1323">DKK. </span><span class="pp-class-382 pa t37948 l57666 ls302">The </span><span class="pp-class-382 pa t37961 l3 ls2944">reserve </span><span class="pp-class-382 pa t37961 l52050 ls1080">is </span><span class="pp-class-382 pa t37961 l57667 ls646">dissolved </span><span class="pp-class-382 pa t37961 l48643 ls1323">upon </span><span class="pp-class-382 pa t37961 l16531 ls2694">disposal </span><span class="pp-class-382 pa t37961 l57668 ls103">of </span><span class="pp-class-382 pa t37961 l57669 ls858">the </span><span class="pp-class-382 pa t37961 l57670 ls1314">entity.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49077 l3 ls2842">Reserve </span><span class="pp-class-383 pa t49077 l57619 ls1077">for </span><span class="pp-class-383 pa t49077 l57620 ls2486">hedging</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37975 l3 ls858">The </span><span class="pp-class-382 pa t37975 l16631 ls1237">hedging </span><span class="pp-class-382 pa t37975 l57671 ls2944">reserve </span><span class="pp-class-382 pa t37975 l3304 ls1073">comprises </span><span class="pp-class-382 pa t37975 l57672 ls858">the </span><span class="pp-class-382 pa t37975 l26753 ls3278">fair </span><span class="pp-class-382 pa t37975 l54815 ls1083">value </span><span class="pp-class-382 pa t37975 l43774 ls103">of </span><span class="pp-class-382 pa t37975 l57673 ls1237">hedging </span><span class="pp-class-382 pa t37975 l57674 ls3623">transactions </span><span class="pp-class-382 pa t37975 l57675 ls6360">that </span><span class="pp-class-382 pa t37975 l57676 ls56">qualify </span><span class="pp-class-382 pa t37975 l57677 ls3278">for </span><span class="pp-class-382 pa t37975 l57678 ls2142">recognition </span><span class="pp-class-382 pa t37975 l57679 ls278">as </span><span class="pp-class-382 pa t37977 l3 ls1323">cash </span><span class="pp-class-382 pa t37977 l8272 ls960">flow </span><span class="pp-class-382 pa t37977 l57680 ls2486">hedges </span><span class="pp-class-382 pa t37977 l48409 ls1099">and </span><span class="pp-class-382 pa t37977 l57681 ls2784">where </span><span class="pp-class-382 pa t37977 l57682 ls858">the </span><span class="pp-class-382 pa t37977 l54356 ls2486">hedged </span><span class="pp-class-382 pa t37977 l57683 ls3623">transactions </span><span class="pp-class-382 pa t37977 l49517 ls185">have </span><span class="pp-class-382 pa t37977 l57684 ls830">not </span><span class="pp-class-382 pa t37977 l57685 ls1323">been </span><span class="pp-class-382 pa t37977 l57686 ls960">realised. </span><span class="pp-class-382 pa t37977 l57687 ls1759">Hedge </span><span class="pp-class-382 pa t37977 l57688 ls806">accounting </span><span class="pp-class-382 pa t36901 l3 ls2486">ceases </span><span class="pp-class-382 pa t36901 l57689 ls1323">when </span><span class="pp-class-382 pa t36901 l57690 ls858">the </span><span class="pp-class-382 pa t36901 l57691 ls1237">hedging </span><span class="pp-class-382 pa t36901 l57692 ls806">instrument </span><span class="pp-class-382 pa t36901 l57693 ls7094">matures </span><span class="pp-class-382 pa t36901 l57694 ls1080">or </span><span class="pp-class-382 pa t36901 l57695 ls1080">if </span><span class="pp-class-382 pa t36901 l57696 ls302">a </span><span class="pp-class-382 pa t36901 l57697 ls1759">hedge </span><span class="pp-class-382 pa t36901 l57698 ls1080">is </span><span class="pp-class-382 pa t36901 l57699 ls1080">no </span><span class="pp-class-382 pa t36901 l57700 ls2486">longer </span><span class="pp-class-382 pa t36901 l57701 ls7694">effective.</span></p><div class="pp-class-10" id="pp-id-5272" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx22795 tro6 xx22796"><div id="pp-id-5271"><div class="pp-class-363 pp-class-395" id="pp-id-5270"><div class="w37231 h59062 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls2784">Group </span><span class="pp-class-382 pa t29793 l4002 ls858">has </span><span class="pp-class-382 pa t29793 l44886 ls830">set </span><span class="pp-class-382 pa t29793 l3436 ls1080">up </span><span class="pp-class-382 pa t29793 l28360 ls5069">equity-settled </span><span class="pp-class-382 pa t29793 l50488 ls2784">share </span><span class="pp-class-382 pa t29793 l59063 ls238">option </span><span class="pp-class-382 pa t29793 l17613 ls1759">plans </span><span class="pp-class-382 pa t29793 l59064 ls1099">and </span><span class="pp-class-382 pa t29793 l59065 ls1941">RSUs. </span><span class="pp-class-382 pa t29793 l59066 ls1739">Treasury </span><span class="pp-class-382 pa t29793 l59067 ls1083">shares </span><span class="pp-class-382 pa t29793 l45660 ls800">are </span><span class="pp-class-382 pa t29793 l59068 ls1323">used </span><span class="pp-class-382 pa t29793 l59069 ls3278">for </span><span class="pp-class-382 pa t29793 l59070 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2784">share </span><span class="pp-class-382 pa t29798 l55341 ls238">option </span><span class="pp-class-382 pa t29798 l43245 ls1759">plans </span><span class="pp-class-382 pa t29798 l59071 ls858">and </span><span class="pp-class-382 pa t29798 l59072 ls858">the </span><span class="pp-class-382 pa t29798 l50908 ls1941">RSUs. </span><span class="pp-class-382 pa t29798 l37295 ls858">The </span><span class="pp-class-382 pa t29798 l48872 ls1083">value </span><span class="pp-class-382 pa t29798 l59073 ls103">of </span><span class="pp-class-382 pa t29798 l59074 ls1099">services </span><span class="pp-class-382 pa t29798 l59075 ls3377">received </span><span class="pp-class-382 pa t29798 l59076 ls1080">in </span><span class="pp-class-382 pa t29798 l47977 ls3435">exchange </span><span class="pp-class-382 pa t29798 l59077 ls3278">for </span><span class="pp-class-382 pa t29798 l59078 ls4305">granted </span><span class="pp-class-382 pa t29798 l59079 ls2784">share </span><span class="pp-class-382 pa t29798 l59080 ls1080">based </span><span class="pp-class-382 pa t36806 l3 ls8853">payment </span><span class="pp-class-382 pa t36806 l59081 ls1080">is </span><span class="pp-class-382 pa t36806 l59082 ls8853">measured </span><span class="pp-class-382 pa t36806 l59083 ls1083">at </span><span class="pp-class-382 pa t36806 l36808 ls858">the </span><span class="pp-class-382 pa t36806 l59084 ls3278">fair </span><span class="pp-class-382 pa t36806 l59085 ls1083">value </span><span class="pp-class-382 pa t36806 l42432 ls103">of </span><span class="pp-class-382 pa t36806 l49933 ls858">the </span><span class="pp-class-382 pa t36806 l59086 ls2784">share </span><span class="pp-class-382 pa t36806 l59087 ls1759">based </span><span class="pp-class-382 pa t36806 l59088 ls8853">payment </span><span class="pp-class-382 pa t36806 l59089 ls4305">granted.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29824 l3 ls858">The </span><span class="pp-class-382 pa t29824 l16631 ls5069">equity-settled </span><span class="pp-class-382 pa t29824 l48540 ls2784">share </span><span class="pp-class-382 pa t29824 l59090 ls3474">options </span><span class="pp-class-382 pa t29824 l3383 ls858">and </span><span class="pp-class-382 pa t29824 l43256 ls187">RSUs </span><span class="pp-class-382 pa t29824 l59091 ls800">are </span><span class="pp-class-382 pa t29824 l30894 ls8853">measured </span><span class="pp-class-382 pa t29824 l59092 ls1083">at </span><span class="pp-class-382 pa t29824 l59093 ls858">the </span><span class="pp-class-382 pa t29824 l55238 ls3278">fair </span><span class="pp-class-382 pa t29824 l55425 ls1083">value </span><span class="pp-class-382 pa t29824 l59094 ls1083">at </span><span class="pp-class-382 pa t29824 l59095 ls1194">grant </span><span class="pp-class-382 pa t29824 l59096 ls852">date </span><span class="pp-class-382 pa t29824 l59097 ls302">and </span><span class="pp-class-382 pa t29836 l3 ls2970">recognised </span><span class="pp-class-382 pa t29836 l44565 ls1080">in </span><span class="pp-class-382 pa t29836 l44566 ls858">the </span><span class="pp-class-382 pa t29836 l51266 ls2486">income </span><span class="pp-class-382 pa t29836 l51267 ls1150">statement </span><span class="pp-class-382 pa t29836 l36809 ls1759">under </span><span class="pp-class-382 pa t29836 l59098 ls5039">staff </span><span class="pp-class-382 pa t29836 l59099 ls1759">costs </span><span class="pp-class-382 pa t29836 l41771 ls2671">over </span><span class="pp-class-382 pa t29836 l59100 ls858">the </span><span class="pp-class-382 pa t29836 l54847 ls728">vesting </span><span class="pp-class-382 pa t29836 l59101 ls1237">period. </span><span class="pp-class-382 pa t29836 l55076 ls858">The </span><span class="pp-class-382 pa t29836 l59102 ls4275">counter </span><span class="pp-class-382 pa t29836 l59103 ls1237">posting </span><span class="pp-class-382 pa t29836 l59104 ls278">is </span><span class="pp-class-382 pa t29849 l3 ls2970">recognised </span><span class="pp-class-382 pa t29849 l44565 ls2143">directly </span><span class="pp-class-382 pa t29849 l59105 ls1080">in </span><span class="pp-class-382 pa t29849 l59106 ls2486">equity </span><span class="pp-class-382 pa t29849 l59107 ls1080">as </span><span class="pp-class-382 pa t29849 l59108 ls302">a </span><span class="pp-class-382 pa t29849 l59109 ls2142">shareholder </span><span class="pp-class-382 pa t29849 l59110 ls8853">transaction. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29866 l3 ls10900">At </span><span class="pp-class-382 pa t29866 l49043 ls1237">initial </span><span class="pp-class-382 pa t29866 l49044 ls2142">recognition </span><span class="pp-class-382 pa t29866 l49045 ls103">of </span><span class="pp-class-382 pa t29866 l6146 ls858">the </span><span class="pp-class-382 pa t29866 l59111 ls2784">share </span><span class="pp-class-382 pa t29866 l59112 ls1271">options, </span><span class="pp-class-382 pa t29866 l59113 ls1080">an </span><span class="pp-class-382 pa t29866 l59114 ls2142">estimate </span><span class="pp-class-382 pa t29866 l59115 ls1080">is </span><span class="pp-class-382 pa t29866 l59116 ls1772">made </span><span class="pp-class-382 pa t29866 l59117 ls2671">over </span><span class="pp-class-382 pa t29866 l59118 ls858">the </span><span class="pp-class-382 pa t29866 l59119 ls2486">number </span><span class="pp-class-382 pa t29866 l59120 ls103">of </span><span class="pp-class-382 pa t29866 l59121 ls2784">share </span><span class="pp-class-382 pa t29866 l59122 ls1080">based </span><span class="pp-class-382 pa t36841 l3 ls8853">payment </span><span class="pp-class-382 pa t36841 l59081 ls6360">that </span><span class="pp-class-382 pa t36841 l47193 ls858">the </span><span class="pp-class-382 pa t36841 l59123 ls6007">employees </span><span class="pp-class-382 pa t36841 l59124 ls1323">will </span><span class="pp-class-382 pa t36841 l59125 ls2489">vest, </span><span class="pp-class-382 pa t36841 l59126 ls3387">cf. </span><span class="pp-class-382 pa t36841 l59127 ls858">the </span><span class="pp-class-382 pa t36841 l59128 ls3572">service </span><span class="pp-class-382 pa t36841 l59129 ls819">conditions </span><span class="pp-class-382 pa t36841 l59130 ls1073">described </span><span class="pp-class-382 pa t36841 l59131 ls646">above </span><span class="pp-class-382 pa t36841 l59132 ls1080">in </span><span class="pp-class-382 pa t36841 l56099 ls1323">this </span><span class="pp-class-382 pa t36841 l59133 ls2489">note. </span><span class="pp-class-382 pa t29875 l3 ls806">Subsequent </span><span class="pp-class-382 pa t29875 l59134 ls1759">to </span><span class="pp-class-382 pa t29875 l59135 ls1237">initial </span><span class="pp-class-382 pa t29875 l27969 ls3105">recognition, </span><span class="pp-class-382 pa t29875 l5340 ls858">the </span><span class="pp-class-382 pa t29875 l59136 ls2142">estimate </span><span class="pp-class-382 pa t29875 l59137 ls103">of </span><span class="pp-class-382 pa t29875 l59138 ls2784">share </span><span class="pp-class-382 pa t29875 l59139 ls1759">based </span><span class="pp-class-382 pa t29875 l59140 ls5069">payments </span><span class="pp-class-382 pa t29875 l59141 ls1759">to </span><span class="pp-class-382 pa t29875 l53709 ls1080">be </span><span class="pp-class-382 pa t29875 l59142 ls1244">vested </span><span class="pp-class-382 pa t29875 l59143 ls1080">is </span><span class="pp-class-382 pa t29875 l59144 ls296">adjusted </span><span class="pp-class-382 pa t29878 l3 ls2145">whereby </span><span class="pp-class-382 pa t29878 l59145 ls858">the </span><span class="pp-class-382 pa t29878 l59146 ls2889">total </span><span class="pp-class-382 pa t29878 l59147 ls2142">recognition </span><span class="pp-class-382 pa t29878 l59148 ls1080">is </span><span class="pp-class-382 pa t29878 l59149 ls1759">based </span><span class="pp-class-382 pa t29878 l51896 ls1080">on </span><span class="pp-class-382 pa t29878 l59150 ls858">the </span><span class="pp-class-382 pa t29878 l59151 ls728">actual </span><span class="pp-class-382 pa t29878 l59152 ls2486">number </span><span class="pp-class-382 pa t29878 l59153 ls103">of </span><span class="pp-class-382 pa t29878 l59154 ls1244">vested </span><span class="pp-class-382 pa t29878 l59155 ls2784">share </span><span class="pp-class-382 pa t29878 l50698 ls1759">based </span><span class="pp-class-382 pa t29878 l59156 ls5069">payments.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29902 l3 ls858">The </span><span class="pp-class-382 pa t29902 l16631 ls3278">fair </span><span class="pp-class-382 pa t29902 l57387 ls1083">value </span><span class="pp-class-382 pa t29902 l57388 ls103">of </span><span class="pp-class-382 pa t29902 l57389 ls1099">the </span><span class="pp-class-382 pa t29902 l57390 ls4305">granted </span><span class="pp-class-382 pa t29902 l59157 ls2784">share </span><span class="pp-class-382 pa t29902 l59158 ls3474">options </span><span class="pp-class-382 pa t29902 l59159 ls1080">is </span><span class="pp-class-382 pa t29902 l59160 ls803">calculated </span><span class="pp-class-382 pa t29902 l59161 ls1759">using </span><span class="pp-class-382 pa t29902 l59162 ls858">the </span><span class="pp-class-382 pa t29902 l59163 ls2531">Black-Scholes </span><span class="pp-class-382 pa t29902 l59164 ls1077">option-pricing </span><span class="pp-class-382 pa t36874 l3 ls2486">model. </span><span class="pp-class-382 pa t36874 l59165 ls16997">Terms </span><span class="pp-class-382 pa t36874 l3968 ls858">and </span><span class="pp-class-382 pa t36874 l59166 ls819">conditions </span><span class="pp-class-382 pa t36874 l59167 ls3278">for </span><span class="pp-class-382 pa t36874 l9349 ls1772">each </span><span class="pp-class-382 pa t36874 l59168 ls1194">grant </span><span class="pp-class-382 pa t36874 l59169 ls800">are </span><span class="pp-class-382 pa t36874 l59170 ls2784">taken </span><span class="pp-class-382 pa t36874 l50995 ls3474">into </span><span class="pp-class-382 pa t36874 l59171 ls1859">account </span><span class="pp-class-382 pa t36874 l59172 ls1323">when </span><span class="pp-class-382 pa t36874 l59173 ls688">calculating </span><span class="pp-class-382 pa t36874 l59174 ls1099">the </span><span class="pp-class-382 pa t36874 l59175 ls3278">fair </span><span class="pp-class-382 pa t36874 l59176 ls7855">value.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29920 l3 ls858">The </span><span class="pp-class-382 pa t29920 l16631 ls2784">share </span><span class="pp-class-382 pa t29920 l16157 ls1759">based </span><span class="pp-class-382 pa t29920 l59177 ls8853">payment </span><span class="pp-class-382 pa t29920 l59178 ls7855">programmes </span><span class="pp-class-382 pa t29920 l59179 ls800">are </span><span class="pp-class-382 pa t29920 l59180 ls2970">recognised </span><span class="pp-class-382 pa t29920 l59181 ls1083">at </span><span class="pp-class-382 pa t29920 l59182 ls3278">fair </span><span class="pp-class-382 pa t29920 l59183 ls1083">value </span><span class="pp-class-382 pa t29920 l59184 ls2671">over </span><span class="pp-class-382 pa t29920 l59185 ls858">the </span><span class="pp-class-382 pa t29920 l59186 ls728">vesting </span><span class="pp-class-382 pa t29920 l59187 ls2486">period </span><span class="pp-class-382 pa t29920 l59188 ls302">and </span><span class="pp-class-382 pa t29933 l3 ls8853">expensed </span><span class="pp-class-382 pa t29933 l45275 ls1080">as </span><span class="pp-class-382 pa t29933 l16361 ls5039">staff </span><span class="pp-class-382 pa t29933 l59189 ls1110">cost. </span><span class="pp-class-382 pa t29933 l59190 ls858">The </span><span class="pp-class-382 pa t29933 l24149 ls1772">accrual </span><span class="pp-class-382 pa t29933 l59191 ls1080">is </span><span class="pp-class-382 pa t29933 l59192 ls3435">recorded </span><span class="pp-class-382 pa t29933 l59193 ls1759">under </span><span class="pp-class-382 pa t29933 l59194 ls296">other </span><span class="pp-class-382 pa t29933 l59195 ls1243">payables </span><span class="pp-class-382 pa t29933 l59196 ls1080">or </span><span class="pp-class-382 pa t29933 l59197 ls1080">on </span><span class="pp-class-382 pa t29933 l59198 ls2486">equity </span><span class="pp-class-382 pa t29933 l59199 ls1073">depending </span><span class="pp-class-382 pa t29933 l59200 ls278">on </span><span class="pp-class-382 pa t48298 l3 ls3474">whether </span><span class="pp-class-382 pa t48298 l50859 ls2970">settlement </span><span class="pp-class-382 pa t48298 l57158 ls1080">is </span><span class="pp-class-382 pa t48298 l59201 ls1323">done </span><span class="pp-class-382 pa t48298 l17313 ls1080">in </span><span class="pp-class-382 pa t48298 l59202 ls1323">cash </span><span class="pp-class-382 pa t48298 l59203 ls1080">or </span><span class="pp-class-382 pa t48298 l59204 ls1150">shares, </span><span class="pp-class-382 pa t48298 l59205 ls12399">respectively.</span></p></div></div></div></div></div><div class="pp-class-10" id="pp-id-5273" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx22795 tro6 xx22796"><div id="pp-id-5276"><div class="pp-class-363 pp-class-395" id="pp-id-5275"><div class="w37231 h59253 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls1150">statement </span><span class="pp-class-382 pa t29793 l59254 ls103">of </span><span class="pp-class-382 pa t29793 l6030 ls1323">cash </span><span class="pp-class-382 pa t29793 l25688 ls2784">flows </span><span class="pp-class-382 pa t29793 l59255 ls858">has </span><span class="pp-class-382 pa t29793 l59256 ls1323">been </span><span class="pp-class-382 pa t29793 l59257 ls3435">prepared </span><span class="pp-class-382 pa t29793 l59258 ls1759">using </span><span class="pp-class-382 pa t29793 l59259 ls858">the </span><span class="pp-class-382 pa t29793 l59260 ls3623">indirect </span><span class="pp-class-382 pa t29793 l59261 ls3474">method, </span><span class="pp-class-382 pa t29793 l59262 ls1099">and </span><span class="pp-class-382 pa t29793 l59263 ls2784">shows </span><span class="pp-class-382 pa t29793 l53883 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2088">consolidated </span><span class="pp-class-382 pa t29798 l30948 ls1323">cash </span><span class="pp-class-382 pa t29798 l54900 ls2784">flows </span><span class="pp-class-382 pa t29798 l59264 ls1243">from </span><span class="pp-class-382 pa t29798 l59265 ls4305">operating, </span><span class="pp-class-382 pa t29798 l40686 ls2854">investing, </span><span class="pp-class-382 pa t29798 l59266 ls858">and </span><span class="pp-class-382 pa t29798 l59267 ls1073">financing </span><span class="pp-class-382 pa t29798 l59268 ls688">activities </span><span class="pp-class-382 pa t29798 l59269 ls3278">for </span><span class="pp-class-382 pa t29798 l59270 ls1099">the </span><span class="pp-class-382 pa t29798 l59271 ls648">year, </span><span class="pp-class-382 pa t29798 l49806 ls1099">and </span><span class="pp-class-382 pa t29798 l59272 ls302">the </span><span class="pp-class-382 pa t36806 l3 ls2088">consolidated </span><span class="pp-class-382 pa t36806 l30948 ls1323">cash </span><span class="pp-class-382 pa t36806 l54900 ls858">and </span><span class="pp-class-382 pa t36806 l59273 ls1323">cash </span><span class="pp-class-382 pa t36806 l59274 ls2088">equivalents </span><span class="pp-class-382 pa t36806 l59275 ls1083">at </span><span class="pp-class-382 pa t36806 l59276 ls1099">the </span><span class="pp-class-382 pa t36806 l59277 ls1073">beginning </span><span class="pp-class-382 pa t36806 l59278 ls1099">and </span><span class="pp-class-382 pa t36806 l59279 ls1099">end </span><span class="pp-class-382 pa t36806 l59280 ls103">of </span><span class="pp-class-382 pa t36806 l59281 ls1099">the </span><span class="pp-class-382 pa t36806 l59282 ls9956">year.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29824 l3 ls858">The </span><span class="pp-class-382 pa t29824 l16631 ls1323">cash </span><span class="pp-class-382 pa t29824 l7489 ls960">flow </span><span class="pp-class-382 pa t29824 l59283 ls2142">effect </span><span class="pp-class-382 pa t29824 l59284 ls103">of </span><span class="pp-class-382 pa t29824 l59285 ls1772">acquisition </span><span class="pp-class-382 pa t29824 l59286 ls1099">and </span><span class="pp-class-382 pa t29824 l16700 ls2694">disposal </span><span class="pp-class-382 pa t29824 l47878 ls103">of </span><span class="pp-class-382 pa t29824 l44436 ls1701">enterprises </span><span class="pp-class-382 pa t29824 l59287 ls1080">is </span><span class="pp-class-382 pa t29824 l59288 ls2142">shown </span><span class="pp-class-382 pa t29824 l59289 ls1015">separately </span><span class="pp-class-382 pa t29824 l59290 ls1080">in </span><span class="pp-class-382 pa t29824 l59291 ls1323">cash </span><span class="pp-class-382 pa t29824 l56603 ls2784">flows </span><span class="pp-class-382 pa t29824 l59292 ls1759">to/</span><span class="pp-class-382 pa t29836 l3 ls1243">from </span><span class="pp-class-382 pa t29836 l49226 ls4299">investing </span><span class="pp-class-382 pa t29836 l59293 ls688">activities. </span><span class="pp-class-382 pa t29836 l59294 ls1323">Cash </span><span class="pp-class-382 pa t29836 l34046 ls2784">flows </span><span class="pp-class-382 pa t29836 l59295 ls1243">from </span><span class="pp-class-382 pa t29836 l59296 ls1772">acquisitions </span><span class="pp-class-382 pa t29836 l59297 ls103">of </span><span class="pp-class-382 pa t29836 l59298 ls1701">enterprises </span><span class="pp-class-382 pa t29836 l59299 ls800">are </span><span class="pp-class-382 pa t29836 l59300 ls2970">recognised </span><span class="pp-class-382 pa t29836 l59301 ls1080">in </span><span class="pp-class-382 pa t29836 l59302 ls1099">the </span><span class="pp-class-382 pa t29836 l59303 ls1323">Cash </span><span class="pp-class-382 pa t29836 l59304 ls3474">flow </span><span class="pp-class-382 pa t29849 l3 ls1150">statement </span><span class="pp-class-382 pa t29849 l4002 ls1243">from </span><span class="pp-class-382 pa t29849 l33981 ls858">the </span><span class="pp-class-382 pa t29849 l59305 ls852">date </span><span class="pp-class-382 pa t29849 l24565 ls103">of </span><span class="pp-class-382 pa t29849 l59306 ls1772">acquisition. </span><span class="pp-class-382 pa t29849 l59307 ls1323">Cash </span><span class="pp-class-382 pa t29849 l27663 ls2784">flows </span><span class="pp-class-382 pa t29849 l16252 ls1243">from </span><span class="pp-class-382 pa t29849 l59308 ls728">divestment </span><span class="pp-class-382 pa t29849 l59309 ls103">of </span><span class="pp-class-382 pa t29849 l59310 ls1701">enterprises </span><span class="pp-class-382 pa t29849 l59311 ls800">are </span><span class="pp-class-382 pa t29849 l59312 ls2970">recognised </span><span class="pp-class-382 pa t29849 l59313 ls278">up </span><span class="pp-class-382 pa t29853 l3 ls1305">until </span><span class="pp-class-382 pa t29853 l59314 ls858">the </span><span class="pp-class-382 pa t29853 l3284 ls852">date </span><span class="pp-class-382 pa t29853 l59315 ls103">of </span><span class="pp-class-382 pa t29853 l59316 ls1073">disposal. </span><span class="pp-class-382 pa t29853 l59317 ls1323">Cash </span><span class="pp-class-382 pa t29853 l59318 ls2784">flows </span><span class="pp-class-382 pa t29853 l59319 ls1243">from </span><span class="pp-class-382 pa t29853 l59320 ls2760">operating </span><span class="pp-class-382 pa t29853 l59321 ls688">activities </span><span class="pp-class-382 pa t29853 l40204 ls1080">is </span><span class="pp-class-382 pa t29853 l59322 ls803">calculated </span><span class="pp-class-382 pa t29853 l59323 ls1080">on </span><span class="pp-class-382 pa t29853 l59324 ls858">the </span><span class="pp-class-382 pa t29853 l59290 ls1759">basis </span><span class="pp-class-382 pa t29853 l59325 ls103">of </span><span class="pp-class-382 pa t29853 l59326 ls1099">the </span><span class="pp-class-382 pa t29853 l59327 ls1974">profit/</span><span class="pp-class-382 pa t29866 l3 ls1323">loss </span><span class="pp-class-382 pa t29866 l59328 ls800">before </span><span class="pp-class-382 pa t29866 l13199 ls3623">depreciation </span><span class="pp-class-382 pa t29866 l59329 ls858">and </span><span class="pp-class-382 pa t29866 l59330 ls238">amortisation </span><span class="pp-class-382 pa t29866 l59331 ls803">(EBITDA) </span><span class="pp-class-382 pa t29866 l59332 ls2113">adjusted </span><span class="pp-class-382 pa t29866 l59333 ls3278">for </span><span class="pp-class-382 pa t29866 l59334 ls858">the </span><span class="pp-class-382 pa t29866 l59335 ls1323">cash </span><span class="pp-class-382 pa t29866 l59336 ls960">flow </span><span class="pp-class-382 pa t29866 l59337 ls2142">effect </span><span class="pp-class-382 pa t29866 l59338 ls103">of </span><span class="pp-class-382 pa t29866 l59339 ls1080">non-cash </span><span class="pp-class-382 pa t36841 l3 ls2760">operating </span><span class="pp-class-382 pa t36841 l52349 ls1319">items, </span><span class="pp-class-382 pa t36841 l59340 ls1237">changes </span><span class="pp-class-382 pa t36841 l47858 ls1080">in </span><span class="pp-class-382 pa t36841 l59341 ls728">working </span><span class="pp-class-382 pa t36841 l59342 ls806">capital </span><span class="pp-class-382 pa t36841 l59343 ls1701">(such </span><span class="pp-class-382 pa t36841 l59344 ls1080">as </span><span class="pp-class-382 pa t36841 l59345 ls646">trade </span><span class="pp-class-382 pa t36841 l59346 ls1316">payables, </span><span class="pp-class-382 pa t36841 l59347 ls828">deferred </span><span class="pp-class-382 pa t36841 l59348 ls1701">income, </span><span class="pp-class-382 pa t36841 l59349 ls728">ETS </span><span class="pp-class-382 pa t36841 l59350 ls99">emission </span><span class="pp-class-382 pa t29875 l3 ls828">provision, </span><span class="pp-class-382 pa t29875 l53774 ls852">current </span><span class="pp-class-382 pa t29875 l59351 ls1859">account </span><span class="pp-class-382 pa t29875 l59352 ls1243">payables </span><span class="pp-class-382 pa t29875 l59353 ls1759">to </span><span class="pp-class-382 pa t29875 l59354 ls1305">joint </span><span class="pp-class-382 pa t29875 l59355 ls2531">ventures, </span><span class="pp-class-382 pa t29875 l37641 ls646">trade </span><span class="pp-class-382 pa t29875 l59356 ls6007">receivables, </span><span class="pp-class-382 pa t29875 l59357 ls1150">prepaid </span><span class="pp-class-382 pa t29875 l59358 ls2486">costs, </span><span class="pp-class-382 pa t29875 l59359 ls2489">etc.), </span><span class="pp-class-382 pa t29878 l3 ls5069">payments </span><span class="pp-class-382 pa t29878 l51240 ls3458">related </span><span class="pp-class-382 pa t29878 l59360 ls1759">to </span><span class="pp-class-382 pa t29878 l59361 ls2694">pensions </span><span class="pp-class-382 pa t29878 l59362 ls858">and </span><span class="pp-class-382 pa t29878 l59363 ls296">other </span><span class="pp-class-382 pa t29878 l21425 ls2787">provisions, </span><span class="pp-class-382 pa t29878 l59364 ls5069">payments </span><span class="pp-class-382 pa t29878 l59365 ls2531">relating </span><span class="pp-class-382 pa t29878 l59366 ls1759">to </span><span class="pp-class-382 pa t29878 l59367 ls1073">financial </span><span class="pp-class-382 pa t29878 l59368 ls1118">items </span><span class="pp-class-382 pa t29878 l59369 ls302">and </span><span class="pp-class-382 pa t29891 l3 ls2944">corporation </span><span class="pp-class-382 pa t29891 l59370 ls1237">tax </span><span class="pp-class-382 pa t29891 l54117 ls1323">paid.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t36874 l3 ls1323">Cash </span><span class="pp-class-382 pa t36874 l59371 ls2784">flows </span><span class="pp-class-382 pa t36874 l59372 ls1243">from </span><span class="pp-class-382 pa t36874 l59373 ls4299">investing </span><span class="pp-class-382 pa t36874 l59374 ls688">activities </span><span class="pp-class-382 pa t36874 l59375 ls238">includes </span><span class="pp-class-382 pa t36874 l59376 ls5069">payments </span><span class="pp-class-382 pa t36874 l59377 ls1080">in </span><span class="pp-class-382 pa t36874 l2919 ls1271">connection </span><span class="pp-class-382 pa t36874 l57331 ls1323">with </span><span class="pp-class-382 pa t36874 l59378 ls1099">the </span><span class="pp-class-382 pa t36874 l44700 ls1772">acquisition </span><span class="pp-class-382 pa t36874 l59379 ls302">and </span><span class="pp-class-382 pa t29917 l3 ls728">divestment </span><span class="pp-class-382 pa t29917 l26651 ls103">of </span><span class="pp-class-382 pa t29917 l5231 ls1701">enterprises </span><span class="pp-class-382 pa t29917 l18505 ls858">and </span><span class="pp-class-382 pa t29917 l50096 ls688">activities </span><span class="pp-class-382 pa t29917 l59380 ls858">and </span><span class="pp-class-382 pa t29917 l49985 ls103">of </span><span class="pp-class-382 pa t29917 l35739 ls1101">non-current </span><span class="pp-class-382 pa t29917 l59381 ls1701">intangible </span><span class="pp-class-382 pa t29917 l59382 ls3474">assets, </span><span class="pp-class-382 pa t29917 l59383 ls296">tangible </span><span class="pp-class-382 pa t29917 l45242 ls238">assets </span><span class="pp-class-382 pa t29917 l59384 ls302">and </span><span class="pp-class-382 pa t29920 l3 ls2854">investments. </span><span class="pp-class-382 pa t29920 l51818 ls1323">Cash </span><span class="pp-class-382 pa t29920 l59385 ls2784">flows </span><span class="pp-class-382 pa t29920 l45964 ls1243">from </span><span class="pp-class-382 pa t29920 l16659 ls1073">financing </span><span class="pp-class-382 pa t29920 l59386 ls688">activities </span><span class="pp-class-382 pa t29920 l59387 ls238">includes </span><span class="pp-class-382 pa t29920 l59388 ls1237">changes </span><span class="pp-class-382 pa t29920 l59389 ls1080">in </span><span class="pp-class-382 pa t29920 l59390 ls858">the </span><span class="pp-class-382 pa t29920 l59391 ls3474">size </span><span class="pp-class-382 pa t29920 l59392 ls1080">or </span><span class="pp-class-382 pa t29920 l59393 ls1118">composition </span><span class="pp-class-382 pa t29920 l59394 ls103">of </span><span class="pp-class-382 pa t29920 l59395 ls302">the </span><span class="pp-class-382 pa t29933 l3 ls1015">Group’s </span><span class="pp-class-382 pa t29933 l44256 ls2784">share </span><span class="pp-class-382 pa t29933 l12706 ls296">capital, </span><span class="pp-class-382 pa t29933 l59396 ls8853">payment </span><span class="pp-class-382 pa t29933 l59397 ls103">of </span><span class="pp-class-382 pa t29933 l59398 ls1073">dividends </span><span class="pp-class-382 pa t29933 l6062 ls1759">to </span><span class="pp-class-382 pa t29933 l59399 ls2889">shareholders, </span><span class="pp-class-382 pa t29933 l59400 ls8853">purchase </span><span class="pp-class-382 pa t29933 l59401 ls103">of </span><span class="pp-class-382 pa t29933 l59402 ls2842">treasury </span><span class="pp-class-382 pa t29933 l59403 ls1150">shares, </span><span class="pp-class-382 pa t29933 l59404 ls1955">cash </span><span class="pp-class-382 pa t48298 l3 ls3377">received </span><span class="pp-class-382 pa t48298 l59405 ls1243">from </span><span class="pp-class-382 pa t48298 l59406 ls19370">exercise </span><span class="pp-class-382 pa t48298 l59407 ls103">of </span><span class="pp-class-382 pa t48298 l18187 ls2784">share </span><span class="pp-class-382 pa t48298 l55365 ls3474">options </span><span class="pp-class-382 pa t48298 l59408 ls858">and </span><span class="pp-class-382 pa t48298 l57379 ls858">the </span><span class="pp-class-382 pa t48298 l59409 ls3278">obtaining </span><span class="pp-class-382 pa t48298 l59410 ls858">and </span><span class="pp-class-382 pa t48298 l59411 ls800">repayment </span><span class="pp-class-382 pa t48298 l59412 ls103">of </span><span class="pp-class-382 pa t48298 l25481 ls1323">bank </span><span class="pp-class-382 pa t48298 l59413 ls1759">loans </span><span class="pp-class-382 pa t48298 l59414 ls302">and </span><span class="pp-class-382 pa t29935 l3 ls819">mortgage </span><span class="pp-class-382 pa t29935 l53976 ls1759">loans </span><span class="pp-class-382 pa t29935 l59415 ls858">and </span><span class="pp-class-382 pa t29935 l59416 ls296">other </span><span class="pp-class-382 pa t29935 l59417 ls1077">long-term </span><span class="pp-class-382 pa t29935 l59418 ls858">and </span><span class="pp-class-382 pa t29935 l59419 ls1859">short-term </span><span class="pp-class-382 pa t29935 l59420 ls1759">debt. </span><span class="pp-class-382 pa t29935 l59421 ls1243">Payment </span><span class="pp-class-382 pa t29935 l59422 ls103">of </span><span class="pp-class-382 pa t29935 l59423 ls1759">lease </span><span class="pp-class-382 pa t29935 l59424 ls1118">liabilities </span><span class="pp-class-382 pa t29935 l59425 ls1080">is </span><span class="pp-class-382 pa t29935 l59426 ls1077">included </span><span class="pp-class-382 pa t29946 l3 ls1759">under </span><span class="pp-class-382 pa t29946 l57642 ls1073">financing </span><span class="pp-class-382 pa t29946 l59427 ls688">activities </span><span class="pp-class-382 pa t29946 l59428 ls858">and </span><span class="pp-class-382 pa t29946 l59429 ls858">the </span><span class="pp-class-382 pa t29946 l59430 ls3458">related </span><span class="pp-class-382 pa t29946 l15159 ls2784">interest </span><span class="pp-class-382 pa t29946 l59431 ls1080">is </span><span class="pp-class-382 pa t29946 l59432 ls238">included </span><span class="pp-class-382 pa t29946 l59433 ls1080">as </span><span class="pp-class-382 pa t29946 l59434 ls302">a </span><span class="pp-class-382 pa t29946 l59435 ls1073">financial </span><span class="pp-class-382 pa t29946 l59436 ls1073">item </span><span class="pp-class-382 pa t29946 l59437 ls1759">under </span><span class="pp-class-382 pa t29946 l59438 ls1083">operating </span><span class="pp-class-382 pa t29959 l3 ls688">activities. </span><span class="pp-class-382 pa t29959 l17549 ls1323">Cash </span><span class="pp-class-382 pa t29959 l59439 ls858">and </span><span class="pp-class-382 pa t29959 l59440 ls1323">cash </span><span class="pp-class-382 pa t29959 l59441 ls2088">equivalents </span><span class="pp-class-382 pa t29959 l53176 ls2694">comprise </span><span class="pp-class-382 pa t29959 l59442 ls1323">cash </span><span class="pp-class-382 pa t29959 l59443 ls1083">at </span><span class="pp-class-382 pa t29959 l59444 ls2970">banks </span><span class="pp-class-382 pa t29959 l59445 ls1099">and </span><span class="pp-class-382 pa t29959 l59446 ls1080">on </span><span class="pp-class-382 pa t29959 l31827 ls1323">hand.</span></p></div></div></div></div></div><div id="pp-id-5124" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p></div></div><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60182 l3 ls21295 wtro3159 wtr9936 tro3160 tr9937">Enterprises </span><span class="pp-class-382 pa t60182 l2533 ls3006 wtro3159 wtr9936 tro3160 tr9937">acquired </span><span class="pp-class-382 pa t60182 l60183 ls2459 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t60182 l60184 ls1952 wtro3159 wtr9936 tro3160 tr9937">formed </span><span class="pp-class-382 pa t60182 l60185 ls1734 wtro3159 wtr9936 tro3160 tr9937">during </span><span class="pp-class-382 pa t60182 l7908 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60182 l60186 ls1736 wtro3159 wtr9936 tro3160 tr9937">year </span><span class="pp-class-382 pa t60182 l60187 ls20054 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t60182 l60188 ls7996 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t60182 l60189 ls2459 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t60182 l60190 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60182 l60191 ls18761 wtro3159 wtr9936 tro3160 tr9937">consolidated </span><span class="pp-class-382 pa t60182 l60192 ls9272 wtro3159 wtr9936 tro3160 tr9937">financial </span><span class="pp-class-382 pa t60182 l60193 ls37002 wtro3159 wtr9936 tro3160 tr9937">statements </span><span class="pp-class-382 pa t60182 l60194 ls712 wtro3159 wtr9936 tro3160 tr9937">from </span><span class="pp-class-382 pa t60195 l3 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60195 l60196 ls15037 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t60195 l60197 ls7858 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t60195 l60198 ls4765 wtro3159 wtr9936 tro3160 tr9937">acquisition </span><span class="pp-class-382 pa t60195 l18370 ls2459 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t60195 l60199 ls17063 wtro3159 wtr9936 tro3160 tr9937">formation. </span><span class="pp-class-382 pa t60195 l60200 ls21295 wtro3159 wtr9936 tro3160 tr9937">Enterprises </span><span class="pp-class-382 pa t60195 l60201 ls16981 wtro3159 wtr9936 tro3160 tr9937">disposed </span><span class="pp-class-382 pa t60195 l21004 ls20054 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t60195 l60202 ls7996 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t60195 l60203 ls2459 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t60195 l60204 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60195 l60205 ls18761 wtro3159 wtr9936 tro3160 tr9937">consolidated </span><span class="pp-class-382 pa t60195 l60206 ls9272 wtro3159 wtr9936 tro3160 tr9937">financial </span><span class="pp-class-382 pa t60195 l60207 ls9272 wtro3159 wtr9936 tro3160 tr9937">state-</span><span class="pp-class-382 pa t60208 l3 ls1734 wtro3159 wtr9936 tro3160 tr9937">ments </span><span class="pp-class-382 pa t60208 l60209 ls1734 wtro3159 wtr9936 tro3160 tr9937">until </span><span class="pp-class-382 pa t60208 l60210 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60208 l60211 ls15037 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t60208 l60212 ls7858 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t60208 l60213 ls9272 wtro3159 wtr9936 tro3160 tr9937">disposal. </span><span class="pp-class-382 pa t60208 l48358 ls1057 wtro3159 wtr9936 tro3160 tr9937">The </span><span class="pp-class-382 pa t60208 l60214 ls60215 wtro3159 wtr9936 tro3160 tr9937">comparative </span><span class="pp-class-382 pa t60208 l60216 ls3162 wtro3159 wtr9936 tro3160 tr9937">figures </span><span class="pp-class-382 pa t60208 l40281 ls20054 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t60208 l60217 ls712 wtro3159 wtr9936 tro3160 tr9937">not </span><span class="pp-class-382 pa t60208 l60218 ls721 wtro3159 wtr9936 tro3160 tr9937">adjusted </span><span class="pp-class-382 pa t60208 l60219 ls2805 wtro3159 wtr9936 tro3160 tr9937">for </span><span class="pp-class-382 pa t60208 l60220 ls1736 wtro3159 wtr9936 tro3160 tr9937">acquisitions </span><span class="pp-class-382 pa t60208 l60221 ls2459 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t60208 l60222 ls9272 wtro3159 wtr9936 tro3160 tr9937">disposals.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60223 l3 ls2694 wtro3159 wtr1724 tro3160 tr1725">Business </span><span class="pp-class-382 pa t60223 l60224 ls2113 wtro3159 wtr1724 tro3160 tr1725">combinations </span><span class="pp-class-382 pa t60223 l28661 ls2784 wtro3159 wtr1724 tro3160 tr1725">where </span><span class="pp-class-382 pa t60223 l60225 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60223 l60226 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60223 l60227 ls3278 wtro3159 wtr1724 tro3160 tr1725">obtained </span><span class="pp-class-382 pa t60223 l49828 ls2784 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t60223 l60228 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60223 l60229 ls2784 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-382 pa t60223 l60230 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60223 l60231 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60223 l60232 ls1759 wtro3159 wtr1724 tro3160 tr1725">using </span><span class="pp-class-382 pa t60223 l60233 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60223 l60234 ls1118 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60235 l3 ls3474 wtro3159 wtr1724 tro3160 tr1725">method. </span><span class="pp-class-382 pa t60235 l60236 ls858 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60235 l60237 ls296 wtro3159 wtr1724 tro3160 tr1725">identifiable </span><span class="pp-class-382 pa t60235 l60238 ls3474 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t60235 l60239 ls830 wtro3159 wtr1724 tro3160 tr1725">liabilities, </span><span class="pp-class-382 pa t60235 l60240 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60235 l60241 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60235 l60242 ls1118 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60235 l60243 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60235 l60244 ls15062 wtro3159 wtr1724 tro3160 tr1725">newly </span><span class="pp-class-382 pa t60235 l60245 ls1316 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60235 l60246 ls1701 wtro3159 wtr1724 tro3160 tr1725">enterprises </span><span class="pp-class-382 pa t60235 l60247 ls2970 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60248 l3 ls2694 wtro3159 wtr1724 tro3160 tr1725">assessed </span><span class="pp-class-382 pa t60248 l60249 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60248 l60250 ls1759 wtro3159 wtr1724 tro3160 tr1725">their </span><span class="pp-class-382 pa t60248 l60251 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60248 l60252 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60248 l60253 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60248 l19941 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60248 l60254 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60248 l60255 ls2688 wtro3159 wtr1724 tro3160 tr1725">date. </span><span class="pp-class-382 pa t60248 l60256 ls296 wtro3159 wtr1724 tro3160 tr1725">Identifiable </span><span class="pp-class-382 pa t60248 l60257 ls1701 wtro3159 wtr1724 tro3160 tr1725">intangible </span><span class="pp-class-382 pa t60248 l60258 ls238 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60248 l60259 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60248 l60260 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60248 l60261 ls1080 wtro3159 wtr1724 tro3160 tr1725">if </span><span class="pp-class-382 pa t60248 l10620 ls3474 wtro3159 wtr1724 tro3160 tr1725">they </span><span class="pp-class-382 pa t60262 l3 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60262 l60263 ls960 wtro3159 wtr1724 tro3160 tr1725">separable </span><span class="pp-class-382 pa t60262 l60264 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60262 l60265 ls1759 wtro3159 wtr1724 tro3160 tr1725">arise </span><span class="pp-class-382 pa t60262 l60266 ls1243 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t60262 l60267 ls302 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t60262 l60268 ls4305 wtro3159 wtr1724 tro3160 tr1725">contractual </span><span class="pp-class-382 pa t60262 l22438 ls1323 wtro3159 wtr1724 tro3160 tr1725">right. </span><span class="pp-class-382 pa t60262 l60269 ls828 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t60262 l60270 ls1237 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t60262 l60271 ls3458 wtro3159 wtr1724 tro3160 tr1725">related </span><span class="pp-class-382 pa t60262 l60272 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60262 l60273 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60262 l60274 ls185 wtro3159 wtr1724 tro3160 tr1725">revaluations </span><span class="pp-class-382 pa t60262 l60275 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60262 l60276 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60277 l3 ls3105 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60277 l60278 ls2401 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60277 l60279 ls1535 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60277 l60280 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60277 l60281 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60277 l60282 ls1535 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60277 l60283 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60277 l60284 ls3623 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60277 l60285 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60277 l13536 ls6791 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-382 pa t60277 l60286 ls2401 wtro3159 wtr1724 tro3160 tr1725">obtains </span><span class="pp-class-382 pa t60277 l60287 ls2459 wtro3159 wtr1724 tro3160 tr1725">actual </span><span class="pp-class-382 pa t60277 l60288 ls2848 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60277 l60289 ls719 wtro3159 wtr1724 tro3160 tr1725">over </span><span class="pp-class-382 pa t60277 l33632 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60277 l60290 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60277 l60291 ls4279 wtro3159 wtr1724 tro3160 tr1725">enterprise. </span><span class="pp-class-382 pa t60292 l3 ls3230 wtro3159 wtr1724 tro3160 tr1725">Positive </span><span class="pp-class-382 pa t60292 l60293 ls6791 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t60292 l60294 ls3382 wtro3159 wtr1724 tro3160 tr1725">(goodwill) </span><span class="pp-class-382 pa t60292 l60295 ls2132 wtro3159 wtr1724 tro3160 tr1725">between, </span><span class="pp-class-382 pa t60292 l60296 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60292 l60297 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60292 l60298 ls3105 wtro3159 wtr1724 tro3160 tr1725">one </span><span class="pp-class-382 pa t60292 l54732 ls3623 wtro3159 wtr1724 tro3160 tr1725">hand, </span><span class="pp-class-382 pa t60292 l60299 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60292 l60300 ls4652 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60292 l60301 ls7094 wtro3159 wtr1724 tro3160 tr1725">price, </span><span class="pp-class-382 pa t60292 l60302 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60292 l60303 ls2143 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60292 l60304 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60292 l60305 ls2760 wtro3159 wtr1724 tro3160 tr1725">minority </span><span class="pp-class-382 pa t60292 l60306 ls11799 wtro3159 wtr1724 tro3160 tr1725">inter-</span><span class="pp-class-382 pa t60307 l3 ls1150 wtro3159 wtr1724 tro3160 tr1725">ests </span><span class="pp-class-382 pa t60307 l60308 ls1772 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60307 l60309 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60307 l60310 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60307 l16203 ls864 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60307 l60311 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60307 l60312 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60307 l60313 ls2145 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60307 l60314 ls2143 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60307 l50623 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60307 l60315 ls800 wtro3159 wtr1724 tro3160 tr1725">any </span><span class="pp-class-382 pa t60307 l60316 ls4343 wtro3159 wtr1724 tro3160 tr1725">previously </span><span class="pp-class-382 pa t60307 l60317 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60307 l60318 ls185 wtro3159 wtr1724 tro3160 tr1725">shareholdings, </span><span class="pp-class-382 pa t60307 l60319 ls1150 wtro3159 wtr1724 tro3160 tr1725">and, </span><span class="pp-class-382 pa t60307 l44514 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60307 l60320 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60321 l3 ls2531 wtro3159 wtr1724 tro3160 tr1725">other </span><span class="pp-class-382 pa t60321 l60322 ls3623 wtro3159 wtr1724 tro3160 tr1725">hand, </span><span class="pp-class-382 pa t60321 l60323 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60321 l60324 ls2145 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60321 l60325 ls2143 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60321 l60326 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60321 l60327 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60321 l60328 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60321 l9919 ls11245 wtro3159 wtr1724 tro3160 tr1725">identifiable </span><span class="pp-class-382 pa t60321 l60329 ls800 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t60321 l20840 ls3377 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60321 l60330 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60321 l60331 ls7094 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60321 l60332 ls3377 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60321 l60333 ls3184 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60321 l60334 ls1243 wtro3159 wtr1724 tro3160 tr1725">rec-</span><span class="pp-class-382 pa t60335 l3 ls1194 wtro3159 wtr1724 tro3160 tr1725">ognised </span><span class="pp-class-382 pa t60335 l60336 ls1772 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60335 l60337 ls2760 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t60335 l60338 ls1974 wtro3159 wtr1724 tro3160 tr1725">under </span><span class="pp-class-382 pa t60335 l60339 ls3630 wtro3159 wtr1724 tro3160 tr1725">non-current </span><span class="pp-class-382 pa t60335 l60340 ls864 wtro3159 wtr1724 tro3160 tr1725">intangible </span><span class="pp-class-382 pa t60335 l16948 ls800 wtro3159 wtr1724 tro3160 tr1725">assets. </span><span class="pp-class-382 pa t60335 l41760 ls2760 wtro3159 wtr1724 tro3160 tr1725">Goodwill </span><span class="pp-class-382 pa t60335 l60341 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60335 l60342 ls4305 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t60335 l60343 ls1868 wtro3159 wtr1724 tro3160 tr1725">amortised </span><span class="pp-class-382 pa t60335 l60344 ls3105 wtro3159 wtr1724 tro3160 tr1725">but </span><span class="pp-class-382 pa t60335 l60345 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60335 l60346 ls646 wtro3159 wtr1724 tro3160 tr1725">tested </span><span class="pp-class-382 pa t60335 l60347 ls1945 wtro3159 wtr1724 tro3160 tr1725">annually </span><span class="pp-class-382 pa t60348 l3 ls800 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t60348 l60349 ls1463 wtro3159 wtr1724 tro3160 tr1725">impairment. </span><span class="pp-class-382 pa t60348 l60350 ls3105 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60348 l60351 ls1974 wtro3159 wtr1724 tro3160 tr1725">first </span><span class="pp-class-382 pa t60348 l60352 ls4279 wtro3159 wtr1724 tro3160 tr1725">impairment </span><span class="pp-class-382 pa t60348 l60353 ls4305 wtro3159 wtr1724 tro3160 tr1725">test </span><span class="pp-class-382 pa t60348 l60354 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60348 l60355 ls2401 wtro3159 wtr1724 tro3160 tr1725">performed </span><span class="pp-class-382 pa t60348 l60356 ls2147 wtro3159 wtr1724 tro3160 tr1725">before </span><span class="pp-class-382 pa t60348 l60357 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60348 l60358 ls3105 wtro3159 wtr1724 tro3160 tr1725">end </span><span class="pp-class-382 pa t60348 l60359 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60348 l60360 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60348 l60361 ls2401 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60348 l60362 ls25707 wtro3159 wtr1724 tro3160 tr1725">year. </span><span class="pp-class-382 pa t60348 l60363 ls1150 wtro3159 wtr1724 tro3160 tr1725">Upon </span><span class="pp-class-382 pa t60348 l60364 ls7094 wtro3159 wtr1724 tro3160 tr1725">acqui-</span><span class="pp-class-382 pa t60365 l3 ls1194 wtro3159 wtr1724 tro3160 tr1725">sition, </span><span class="pp-class-382 pa t60365 l60366 ls2760 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t60365 l60367 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60365 l60368 ls7858 wtro3159 wtr1724 tro3160 tr1725">allocated </span><span class="pp-class-382 pa t60365 l60369 ls2854 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60365 l39692 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60365 l34886 ls2851 wtro3159 wtr1724 tro3160 tr1725">cash-generating </span><span class="pp-class-382 pa t60365 l60370 ls2787 wtro3159 wtr1724 tro3160 tr1725">units, </span><span class="pp-class-382 pa t60365 l60371 ls1974 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60365 l60372 ls2848 wtro3159 wtr1724 tro3160 tr1725">subsequently </span><span class="pp-class-382 pa t60365 l60373 ls2145 wtro3159 wtr1724 tro3160 tr1725">form </span><span class="pp-class-382 pa t60365 l60374 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60365 l60375 ls1974 wtro3159 wtr1724 tro3160 tr1725">basis </span><span class="pp-class-382 pa t60365 l60376 ls800 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t60365 l60377 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60365 l60378 ls1772 wtro3159 wtr1724 tro3160 tr1725">im-</span><span class="pp-class-382 pa t60379 l3 ls2531 wtro3159 wtr1724 tro3160 tr1725">pairment </span><span class="pp-class-382 pa t60379 l60380 ls1148 wtro3159 wtr1724 tro3160 tr1725">test. </span><span class="pp-class-382 pa t60379 l60381 ls7752 wtro3159 wtr1724 tro3160 tr1725">Allocation </span><span class="pp-class-382 pa t60379 l60382 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60379 l60383 ls2760 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t60379 l60384 ls2854 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60379 l60385 ls2851 wtro3159 wtr1724 tro3160 tr1725">cash-generating </span><span class="pp-class-382 pa t60379 l60386 ls1974 wtro3159 wtr1724 tro3160 tr1725">units </span><span class="pp-class-382 pa t60379 l60387 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60379 l60388 ls2149 wtro3159 wtr1724 tro3160 tr1725">described </span><span class="pp-class-382 pa t60379 l60389 ls1772 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60379 l60390 ls7096 wtro3159 wtr1724 tro3160 tr1725">notes </span><span class="pp-class-382 pa t60379 l60391 ls2147 wtro3159 wtr1724 tro3160 tr1725">3.1.1 </span><span class="pp-class-382 pa t60379 l60392 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60379 l60393 ls3387 wtro3159 wtr1724 tro3160 tr1725">3.1.4.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60394 l3 ls124 wtro3159 wtr1724 tro3160 tr1725">Goodwill </span><span class="pp-class-382 pa t60394 l60395 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60394 l60396 ls34 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60394 l13766 ls869 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60394 l60397 ls2835 wtro3159 wtr1724 tro3160 tr1725">adjustments </span><span class="pp-class-382 pa t60394 l60398 ls278 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60394 l60399 ls246 wtro3159 wtr1724 tro3160 tr1725">connection </span><span class="pp-class-382 pa t60394 l60400 ls16 wtro3159 wtr1724 tro3160 tr1725">with </span><span class="pp-class-382 pa t60394 l60401 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60394 l60402 ls658 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60394 l60403 ls134 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60394 l60389 ls332 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t60394 l20821 ls1073 wtro3159 wtr1724 tro3160 tr1725">foreign </span><span class="pp-class-382 pa t60394 l60404 ls2482 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60394 l60405 ls16 wtro3159 wtr1724 tro3160 tr1725">with </span><span class="pp-class-382 pa t60394 l60406 ls76 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t60394 l60407 ls8853 wtro3159 wtr1724 tro3160 tr1725">dif-</span><span class="pp-class-382 pa t60408 l3 ls1772 wtro3159 wtr1724 tro3160 tr1725">ferent </span><span class="pp-class-382 pa t60408 l60409 ls246 wtro3159 wtr1724 tro3160 tr1725">functional </span><span class="pp-class-382 pa t60408 l60410 ls1319 wtro3159 wtr1724 tro3160 tr1725">currency </span><span class="pp-class-382 pa t60408 l60411 ls16 wtro3159 wtr1724 tro3160 tr1725">than </span><span class="pp-class-382 pa t60408 l60412 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60408 l60413 ls1868 wtro3159 wtr1724 tro3160 tr1725">Group’s </span><span class="pp-class-382 pa t60408 l60414 ls2486 wtro3159 wtr1724 tro3160 tr1725">presentation </span><span class="pp-class-382 pa t60408 l60415 ls1319 wtro3159 wtr1724 tro3160 tr1725">currency </span><span class="pp-class-382 pa t60408 l60416 ls3278 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60408 l60417 ls1859 wtro3159 wtr1724 tro3160 tr1725">treated </span><span class="pp-class-382 pa t60408 l60418 ls278 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60408 l60419 ls2482 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60408 l60420 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60408 l60421 ls39 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60422 l3 ls134 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60422 l48283 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60422 l60423 ls1073 wtro3159 wtr1724 tro3160 tr1725">foreign </span><span class="pp-class-382 pa t60422 l60424 ls2482 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60422 l60425 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60422 l60426 ls3278 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60422 l60427 ls2694 wtro3159 wtr1724 tro3160 tr1725">translated </span><span class="pp-class-382 pa t60422 l60428 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60422 l60429 ls1733 wtro3159 wtr1724 tro3160 tr1725">converted </span><span class="pp-class-382 pa t60422 l60430 ls1073 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60422 l60431 ls39 wtro3159 wtr1724 tro3160 tr1725">first </span><span class="pp-class-382 pa t60422 l60432 ls1298 wtro3159 wtr1724 tro3160 tr1725">recognition </span><span class="pp-class-382 pa t60422 l49561 ls302 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60422 l60433 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60422 l60434 ls246 wtro3159 wtr1724 tro3160 tr1725">functional </span><span class="pp-class-382 pa t60422 l60435 ls1237 wtro3159 wtr1724 tro3160 tr1725">currency </span><span class="pp-class-382 pa t60436 l3 ls134 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60436 l48283 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60436 l60423 ls1073 wtro3159 wtr1724 tro3160 tr1725">foreign </span><span class="pp-class-382 pa t60436 l60424 ls2482 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60436 l60425 ls1073 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60436 l60437 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60436 l60438 ls3278 wtro3159 wtr1724 tro3160 tr1725">exchange </span><span class="pp-class-382 pa t60436 l60439 ls7694 wtro3159 wtr1724 tro3160 tr1725">rate </span><span class="pp-class-382 pa t60436 l60440 ls278 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60436 l60441 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60436 l60442 ls869 wtro3159 wtr1724 tro3160 tr1725">transaction </span><span class="pp-class-382 pa t60436 l60443 ls3278 wtro3159 wtr1724 tro3160 tr1725">date.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60444 l3 ls858 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60444 l23024 ls8853 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60444 l60445 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60444 l60446 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60444 l60447 ls1080 wtro3159 wtr1724 tro3160 tr1725">an </span><span class="pp-class-382 pa t60444 l60448 ls1701 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60444 l36552 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60444 l16869 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60444 l60449 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60444 l60450 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60444 l60451 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60444 l60452 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60444 l60453 ls2531 wtro3159 wtr1724 tro3160 tr1725">agreed </span><span class="pp-class-382 pa t60444 l60454 ls8853 wtro3159 wtr1724 tro3160 tr1725">payment </span><span class="pp-class-382 pa t60444 l60455 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60444 l60456 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60444 l60457 ls3278 wtro3159 wtr1724 tro3160 tr1725">form </span><span class="pp-class-382 pa t60444 l60458 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60444 l60459 ls869 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60460 l3 ls11245 wtro3159 wtr1724 tro3160 tr1725">transferred, </span><span class="pp-class-382 pa t60460 l60461 ls1118 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60460 l60462 ls2694 wtro3159 wtr1724 tro3160 tr1725">assumed, </span><span class="pp-class-382 pa t60460 l60463 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60460 l60464 ls2486 wtro3159 wtr1724 tro3160 tr1725">equity </span><span class="pp-class-382 pa t60460 l60465 ls806 wtro3159 wtr1724 tro3160 tr1725">instruments </span><span class="pp-class-382 pa t60460 l60466 ls2486 wtro3159 wtr1724 tro3160 tr1725">issued </span><span class="pp-class-382 pa t60460 l60467 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60460 l60468 ls3190 wtro3159 wtr1724 tro3160 tr1725">seller. </span><span class="pp-class-382 pa t60460 l60469 ls1080 wtro3159 wtr1724 tro3160 tr1725">If </span><span class="pp-class-382 pa t60460 l60470 ls658 wtro3159 wtr1724 tro3160 tr1725">part </span><span class="pp-class-382 pa t60460 l60471 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60460 l60472 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60460 l49224 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60460 l60473 ls278 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60474 l3 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60474 l60475 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60474 l29310 ls1083 wtro3159 wtr1724 tro3160 tr1725">future </span><span class="pp-class-382 pa t60474 l60476 ls7094 wtro3159 wtr1724 tro3160 tr1725">events </span><span class="pp-class-382 pa t60474 l60477 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60474 l13774 ls2113 wtro3159 wtr1724 tro3160 tr1725">fulfilment </span><span class="pp-class-382 pa t60474 l30234 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60474 l31309 ls2531 wtro3159 wtr1724 tro3160 tr1725">agreed </span><span class="pp-class-382 pa t60474 l60478 ls1118 wtro3159 wtr1724 tro3160 tr1725">conditions, </span><span class="pp-class-382 pa t60474 l60479 ls1323 wtro3159 wtr1724 tro3160 tr1725">this </span><span class="pp-class-382 pa t60474 l60480 ls658 wtro3159 wtr1724 tro3160 tr1725">part </span><span class="pp-class-382 pa t60474 l60481 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60474 l60482 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60474 l60483 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60474 l60484 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60474 l60485 ls2784 wtro3159 wtr1724 tro3160 tr1725">recog-</span><span class="pp-class-382 pa t60486 l3 ls1759 wtro3159 wtr1724 tro3160 tr1725">nised </span><span class="pp-class-382 pa t60486 l60487 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60486 l60488 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60486 l60489 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60486 l48166 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60486 l60490 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60486 l48972 ls852 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60486 l60491 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60486 l34181 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition. </span><span class="pp-class-382 pa t60486 l60492 ls1759 wtro3159 wtr1724 tro3160 tr1725">Costs </span><span class="pp-class-382 pa t60486 l60493 ls1148 wtro3159 wtr1724 tro3160 tr1725">attributable </span><span class="pp-class-382 pa t60486 l60494 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60486 l60495 ls2694 wtro3159 wtr1724 tro3160 tr1725">business </span><span class="pp-class-382 pa t60486 l60496 ls2113 wtro3159 wtr1724 tro3160 tr1725">combinations </span><span class="pp-class-382 pa t60486 l60497 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60486 l60498 ls2113 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60499 l3 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60499 l11390 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60499 l60500 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60499 l60501 ls2486 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t60499 l60502 ls1150 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t60499 l60503 ls1323 wtro3159 wtr1724 tro3160 tr1725">when </span><span class="pp-class-382 pa t60499 l60504 ls960 wtro3159 wtr1724 tro3160 tr1725">incurred. </span><span class="pp-class-382 pa t60499 l60505 ls20054 wtro3159 wtr1724 tro3160 tr1725">If, </span><span class="pp-class-382 pa t60499 l60506 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60499 l60507 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60499 l60508 ls2688 wtro3159 wtr1724 tro3160 tr1725">date, </span><span class="pp-class-382 pa t60499 l60509 ls1237 wtro3159 wtr1724 tro3160 tr1725">uncertainty </span><span class="pp-class-382 pa t60499 l60510 ls2784 wtro3159 wtr1724 tro3160 tr1725">exist </span><span class="pp-class-382 pa t60499 l60511 ls2145 wtro3159 wtr1724 tro3160 tr1725">regarding </span><span class="pp-class-382 pa t60499 l60512 ls302 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60513 l3 ls5039 wtro3159 wtr1724 tro3160 tr1725">identification </span><span class="pp-class-382 pa t60513 l60514 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60513 l56753 ls960 wtro3159 wtr1724 tro3160 tr1725">measurement </span><span class="pp-class-382 pa t60513 l60515 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60513 l60516 ls1316 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60513 l39793 ls3474 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t60513 l60517 ls1118 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60513 l60518 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60513 l60519 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60513 l60520 ls830 wtro3159 wtr1724 tro3160 tr1725">liabilities, </span><span class="pp-class-382 pa t60513 l60521 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60513 l60522 ls688 wtro3159 wtr1724 tro3160 tr1725">determination </span><span class="pp-class-382 pa t60523 l3 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60523 l60524 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60523 l60525 ls8853 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60523 l60526 ls1701 wtro3159 wtr1724 tro3160 tr1725">price, </span><span class="pp-class-382 pa t60523 l60527 ls1237 wtro3159 wtr1724 tro3160 tr1725">initial </span><span class="pp-class-382 pa t60523 l60528 ls2142 wtro3159 wtr1724 tro3160 tr1725">recognition </span><span class="pp-class-382 pa t60523 l60529 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60523 l60530 ls960 wtro3159 wtr1724 tro3160 tr1725">measurement </span><span class="pp-class-382 pa t60523 l60531 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60523 l46816 ls1323 wtro3159 wtr1724 tro3160 tr1725">done </span><span class="pp-class-382 pa t60523 l60532 ls1759 wtro3159 wtr1724 tro3160 tr1725">based </span><span class="pp-class-382 pa t60523 l60533 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60523 l60534 ls53 wtro3159 wtr1724 tro3160 tr1725">preliminary </span><span class="pp-class-382 pa t60523 l60535 ls8853 wtro3159 wtr1724 tro3160 tr1725">values. </span><span class="pp-class-382 pa t60523 l60536 ls302 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60537 l3 ls53 wtro3159 wtr1724 tro3160 tr1725">preliminary </span><span class="pp-class-382 pa t60537 l7289 ls1150 wtro3159 wtr1724 tro3160 tr1725">values </span><span class="pp-class-382 pa t60537 l60538 ls2944 wtro3159 wtr1724 tro3160 tr1725">may </span><span class="pp-class-382 pa t60537 l60539 ls1080 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t60537 l60540 ls2113 wtro3159 wtr1724 tro3160 tr1725">adjusted </span><span class="pp-class-382 pa t60537 l60541 ls1305 wtro3159 wtr1724 tro3160 tr1725">until </span><span class="pp-class-382 pa t60537 l60542 ls1080 wtro3159 wtr1724 tro3160 tr1725">12 </span><span class="pp-class-382 pa t60537 l60543 ls1073 wtro3159 wtr1724 tro3160 tr1725">months </span><span class="pp-class-382 pa t60537 l60544 ls1243 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t60537 l60545 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60537 l60546 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60537 l60547 ls2688 wtro3159 wtr1724 tro3160 tr1725">date, </span><span class="pp-class-382 pa t60537 l60548 ls3377 wtro3159 wtr1724 tro3160 tr1725">provided </span><span class="pp-class-382 pa t60537 l60549 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60537 l60550 ls1237 wtro3159 wtr1724 tro3160 tr1725">initial </span><span class="pp-class-382 pa t60537 l60551 ls2784 wtro3159 wtr1724 tro3160 tr1725">recog-</span><span class="pp-class-382 pa t60552 l3 ls2486 wtro3159 wtr1724 tro3160 tr1725">nition </span><span class="pp-class-382 pa t60552 l60553 ls1150 wtro3159 wtr1724 tro3160 tr1725">was </span><span class="pp-class-382 pa t60552 l60554 ls53 wtro3159 wtr1724 tro3160 tr1725">preliminary </span><span class="pp-class-382 pa t60552 l60555 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60552 l60556 ls2970 wtro3159 wtr1724 tro3160 tr1725">incorrect. </span><span class="pp-class-382 pa t60552 l60557 ls1237 wtro3159 wtr1724 tro3160 tr1725">Changes </span><span class="pp-class-382 pa t60552 l60558 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60552 l60559 ls3105 wtro3159 wtr1724 tro3160 tr1725">estimates </span><span class="pp-class-382 pa t60552 l60560 ls2145 wtro3159 wtr1724 tro3160 tr1725">regarding </span><span class="pp-class-382 pa t60552 l60561 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60552 l60562 ls1868 wtro3159 wtr1724 tro3160 tr1725">considerations </span><span class="pp-class-382 pa t60552 l60563 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60552 l60564 ls296 wtro3159 wtr1724 tro3160 tr1725">rec-</span><span class="pp-class-382 pa t60565 l3 ls1237 wtro3159 wtr1724 tro3160 tr1725">ognised </span><span class="pp-class-382 pa t60565 l60566 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60565 l60567 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60565 l27458 ls2486 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t60565 l60568 ls1150 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t60565 l60569 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60565 l5628 ls1073 wtro3159 wtr1724 tro3160 tr1725">financial </span><span class="pp-class-382 pa t60565 l60570 ls58 wtro3159 wtr1724 tro3160 tr1725">items. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60571 l3 ls1150 wtro3159 wtr1724 tro3160 tr1725">Incremental </span><span class="pp-class-382 pa t60571 l60572 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisitions </span><span class="pp-class-382 pa t60571 l60573 ls2842 wtro3159 wtr1724 tro3160 tr1725">after </span><span class="pp-class-382 pa t60571 l60574 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60571 l60575 ls185 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t60571 l60576 ls1323 wtro3159 wtr1724 tro3160 tr1725">been </span><span class="pp-class-382 pa t60571 l60577 ls3278 wtro3159 wtr1724 tro3160 tr1725">obtained, </span><span class="pp-class-382 pa t60571 l60578 ls2142 wtro3159 wtr1724 tro3160 tr1725">i.e., </span><span class="pp-class-382 pa t60571 l60579 ls8853 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60571 l60580 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60571 l44415 ls2694 wtro3159 wtr1724 tro3160 tr1725">minority </span><span class="pp-class-382 pa t60571 l60581 ls1148 wtro3159 wtr1724 tro3160 tr1725">interests, </span><span class="pp-class-382 pa t60571 l60582 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60571 l48501 ls296 wtro3159 wtr1724 tro3160 tr1725">rec-</span><span class="pp-class-382 pa t60583 l3 ls1237 wtro3159 wtr1724 tro3160 tr1725">ognised </span><span class="pp-class-382 pa t60583 l60566 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60583 l60584 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60583 l60585 ls1057 wtro3159 wtr1724 tro3160 tr1725">equity. </span><span class="pp-class-382 pa t60583 l60586 ls2694 wtro3159 wtr1724 tro3160 tr1725">Disposal </span><span class="pp-class-382 pa t60583 l60587 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60583 l60588 ls2694 wtro3159 wtr1724 tro3160 tr1725">minority </span><span class="pp-class-382 pa t60583 l60589 ls852 wtro3159 wtr1724 tro3160 tr1725">interests </span><span class="pp-class-382 pa t60583 l35488 ls830 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t60583 l60590 ls2944 wtro3159 wtr1724 tro3160 tr1725">resulting </span><span class="pp-class-382 pa t60583 l60591 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60583 l60592 ls1323 wtro3159 wtr1724 tro3160 tr1725">loss </span><span class="pp-class-382 pa t60583 l60593 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60583 l60594 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60583 l60595 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60583 l60596 ls1243 wtro3159 wtr1724 tro3160 tr1725">likewise </span><span class="pp-class-382 pa t60583 l60597 ls2784 wtro3159 wtr1724 tro3160 tr1725">recog-</span><span class="pp-class-382 pa t60598 l3 ls1759 wtro3159 wtr1724 tro3160 tr1725">nised </span><span class="pp-class-382 pa t60598 l60599 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60598 l60600 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60598 l13184 ls1057 wtro3159 wtr1724 tro3160 tr1725">equity. </span><span class="pp-class-382 pa t60598 l60601 ls1759 wtro3159 wtr1724 tro3160 tr1725">Gains </span><span class="pp-class-382 pa t60598 l60602 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60598 l60603 ls2486 wtro3159 wtr1724 tro3160 tr1725">losses </span><span class="pp-class-382 pa t60598 l60604 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60598 l60605 ls2694 wtro3159 wtr1724 tro3160 tr1725">disposal </span><span class="pp-class-382 pa t60598 l60606 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60598 l60607 ls1319 wtro3159 wtr1724 tro3160 tr1725">subsidiaries, </span><span class="pp-class-382 pa t60598 l60608 ls803 wtro3159 wtr1724 tro3160 tr1725">associates </span><span class="pp-class-382 pa t60598 l60609 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60598 l60610 ls1305 wtro3159 wtr1724 tro3160 tr1725">joint </span><span class="pp-class-382 pa t60598 l60611 ls11245 wtro3159 wtr1724 tro3160 tr1725">ventures </span><span class="pp-class-382 pa t60598 l60612 ls2970 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60613 l3 ls803 wtro3159 wtr1724 tro3160 tr1725">calculated </span><span class="pp-class-382 pa t60613 l60614 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60613 l19073 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60613 l60615 ls1974 wtro3159 wtr1724 tro3160 tr1725">difference </span><span class="pp-class-382 pa t60613 l16324 ls1244 wtro3159 wtr1724 tro3160 tr1725">between </span><span class="pp-class-382 pa t60613 l60616 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60613 l60617 ls2694 wtro3159 wtr1724 tro3160 tr1725">disposal </span><span class="pp-class-382 pa t60613 l60618 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60613 l60619 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60613 l60620 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60613 l60621 ls1323 wtro3159 wtr1724 tro3160 tr1725">book </span><span class="pp-class-382 pa t60613 l60622 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60613 l60623 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60613 l60624 ls830 wtro3159 wtr1724 tro3160 tr1725">net </span><span class="pp-class-382 pa t60613 l60625 ls238 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60613 l60626 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60613 l60627 ls302 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60628 l3 ls852 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60628 l60629 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60628 l60630 ls1073 wtro3159 wtr1724 tro3160 tr1725">disposal, </span><span class="pp-class-382 pa t60628 l60631 ls3474 wtro3159 wtr1724 tro3160 tr1725">including </span><span class="pp-class-382 pa t60628 l60632 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60628 l5423 ls1323 wtro3159 wtr1724 tro3160 tr1725">book </span><span class="pp-class-382 pa t60628 l19511 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60628 l60633 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60628 l60634 ls1073 wtro3159 wtr1724 tro3160 tr1725">goodwill, </span><span class="pp-class-382 pa t60628 l60635 ls1244 wtro3159 wtr1724 tro3160 tr1725">accumulated </span><span class="pp-class-382 pa t60628 l60636 ls3435 wtro3159 wtr1724 tro3160 tr1725">exchange </span><span class="pp-class-382 pa t60628 l60637 ls1759 wtro3159 wtr1724 tro3160 tr1725">gains </span><span class="pp-class-382 pa t60628 l60638 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60628 l60639 ls2486 wtro3159 wtr1724 tro3160 tr1725">losses </span><span class="pp-class-382 pa t60628 l60640 ls7858 wtro3159 wtr1724 tro3160 tr1725">previ-</span><span class="pp-class-382 pa t60641 l3 ls7094 wtro3159 wtr1724 tro3160 tr1725">ously </span><span class="pp-class-382 pa t60641 l60642 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60641 l60643 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60641 l60644 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60641 l60645 ls2486 wtro3159 wtr1724 tro3160 tr1725">equity </span><span class="pp-class-382 pa t60641 l60646 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60641 l60647 ls960 wtro3159 wtr1724 tro3160 tr1725">well </span><span class="pp-class-382 pa t60641 l60648 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60641 l44905 ls3105 wtro3159 wtr1724 tro3160 tr1725">anticipated </span><span class="pp-class-382 pa t60641 l60649 ls2694 wtro3159 wtr1724 tro3160 tr1725">disposal </span><span class="pp-class-382 pa t60641 l60650 ls2486 wtro3159 wtr1724 tro3160 tr1725">costs. </span><span class="pp-class-382 pa t60641 l60651 ls8853 wtro3159 wtr1724 tro3160 tr1725">Exchange </span><span class="pp-class-382 pa t60641 l60652 ls3216 wtro3159 wtr1724 tro3160 tr1725">rate </span><span class="pp-class-382 pa t60641 l60653 ls3278 wtro3159 wtr1724 tro3160 tr1725">adjustments </span><span class="pp-class-382 pa t60641 l53371 ls5039 wtro3159 wtr1724 tro3160 tr1725">attrib-</span><span class="pp-class-382 pa t60654 l3 ls1319 wtro3159 wtr1724 tro3160 tr1725">utable </span><span class="pp-class-382 pa t60654 l60655 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60654 l60656 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60654 l60657 ls1015 wtro3159 wtr1724 tro3160 tr1725">Group’s </span><span class="pp-class-382 pa t60654 l60658 ls1101 wtro3159 wtr1724 tro3160 tr1725">ownership </span><span class="pp-class-382 pa t60654 l60659 ls2854 wtro3159 wtr1724 tro3160 tr1725">interest, </span><span class="pp-class-382 pa t60654 l60660 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60654 l60661 ls1759 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60654 l60662 ls2769 wtro3159 wtr1724 tro3160 tr1725">previously </span><span class="pp-class-382 pa t60654 l60663 ls2848 wtro3159 wtr1724 tro3160 tr1725">were </span><span class="pp-class-382 pa t60654 l60664 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60654 l60665 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60654 l60666 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60654 l60667 ls1057 wtro3159 wtr1724 tro3160 tr1725">equity, </span><span class="pp-class-382 pa t60654 l60668 ls2970 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60669 l3 ls238 wtro3159 wtr1724 tro3160 tr1725">included </span><span class="pp-class-382 pa t60669 l60670 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60669 l9442 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60669 l60671 ls688 wtro3159 wtr1724 tro3160 tr1725">calculation </span><span class="pp-class-382 pa t60669 l60672 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60669 l44054 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60669 l60673 ls1759 wtro3159 wtr1724 tro3160 tr1725">gain/ </span><span class="pp-class-382 pa t60669 l60674 ls1759 wtro3159 wtr1724 tro3160 tr1725">loss. </span><span class="pp-class-382 pa t60669 l60675 ls3278 wtro3159 wtr1724 tro3160 tr1725">Any </span><span class="pp-class-382 pa t60669 l60676 ls828 wtro3159 wtr1724 tro3160 tr1725">retained </span><span class="pp-class-382 pa t60669 l60677 ls238 wtro3159 wtr1724 tro3160 tr1725">participating </span><span class="pp-class-382 pa t60669 l60678 ls852 wtro3159 wtr1724 tro3160 tr1725">interests </span><span class="pp-class-382 pa t60669 l60679 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60669 l60680 ls8853 wtro3159 wtr1724 tro3160 tr1725">measured </span><span class="pp-class-382 pa t60669 l60681 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60669 l60682 ls1080 wtro3159 wtr1724 tro3160 tr1725">their </span><span class="pp-class-382 pa t60683 l3 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60683 l60684 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60683 l60685 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60683 l39014 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60683 l311 ls1323 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t60683 l60686 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60683 l60687 ls1759 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60683 l60688 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60683 l60689 ls960 wtro3159 wtr1724 tro3160 tr1725">controlling </span><span class="pp-class-382 pa t60683 l60690 ls1859 wtro3159 wtr1724 tro3160 tr1725">influence </span><span class="pp-class-382 pa t60683 l60691 ls1150 wtro3159 wtr1724 tro3160 tr1725">was </span><span class="pp-class-382 pa t60683 l60692 ls1733 wtro3159 wtr1724 tro3160 tr1725">lost.</span></p> <div class="pp-class-10" id="pp-id-5026" xmlns="http://www.w3.org/1999/xhtml"><div class="w43646 h43647 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.1 </span><span class="pp-class-370 pa t21055 l43638">Principal </span><span class="pp-class-370 pa t21055 l43648 ls128">accounting </span><span class="pp-class-370 pa t21055 l43649">policies</span></p></div></div><div id="pp-id-5027" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h43650 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3 ls688">Accounting </span><span class="pp-class-382 pa t328 l14053 ls2694">policies </span><span class="pp-class-382 pa t328 l43651 ls800">are </span><span class="pp-class-382 pa t328 l27816 ls4396">generally </span><span class="pp-class-382 pa t328 l43652 ls238">included </span><span class="pp-class-382 pa t328 l43653 ls1080">in </span><span class="pp-class-382 pa t328 l43654 ls858">the </span><span class="pp-class-382 pa t328 l43655 ls53">notes </span><span class="pp-class-382 pa t328 l43656 ls1759">to </span><span class="pp-class-382 pa t328 l43657 ls1759">which </span><span class="pp-class-382 pa t328 l43658 ls960">they </span><span class="pp-class-382 pa t328 l43659 ls2851">relate. </span><span class="pp-class-382 pa t328 l43660 ls1323">This </span><span class="pp-class-382 pa t328 l37885 ls1859">note </span><span class="pp-class-382 pa t328 l43661 ls3377">provides </span><span class="pp-class-382 pa t328 l43662 ls302">a </span><span class="pp-class-382 pa t328 l43663 ls1323">list </span><span class="pp-class-382 pa t328 l43664 ls103">of </span><span class="pp-class-382 pa t328 l43665 ls58">other </span><span class="pp-class-382 pa t30568 l3 ls2760">potentially </span><span class="pp-class-382 pa t30568 l43666 ls2142">material </span><span class="pp-class-382 pa t30568 l26547 ls53">accounting </span><span class="pp-class-382 pa t30568 l6051 ls2694">policies </span><span class="pp-class-382 pa t30568 l43667 ls2970">adopted </span><span class="pp-class-382 pa t30568 l43668 ls1080">in </span><span class="pp-class-382 pa t30568 l43669 ls858">the </span><span class="pp-class-382 pa t30568 l39081 ls3630">preparation </span><span class="pp-class-382 pa t30568 l43670 ls103">of </span><span class="pp-class-382 pa t30568 l43671 ls1759">these </span><span class="pp-class-382 pa t30568 l43672 ls2088">consolidated </span><span class="pp-class-382 pa t30568 l43673 ls1323">financial </span><span class="pp-class-382 pa t30575 l3 ls1244">statements </span><span class="pp-class-382 pa t30575 l43674 ls1759">to </span><span class="pp-class-382 pa t30575 l43675 ls858">the </span><span class="pp-class-382 pa t30575 l43676 ls2688">extent </span><span class="pp-class-382 pa t30575 l43677 ls6360">that </span><span class="pp-class-382 pa t30575 l43678 ls960">they </span><span class="pp-class-382 pa t30575 l43679 ls185">have </span><span class="pp-class-382 pa t30575 l43680 ls830">not </span><span class="pp-class-382 pa t30575 l43681 ls1323">been </span><span class="pp-class-382 pa t30575 l43682 ls1073">disclosed </span><span class="pp-class-382 pa t30575 l43683 ls1080">in </span><span class="pp-class-382 pa t30575 l43684 ls1099">the </span><span class="pp-class-382 pa t30575 l43685 ls53">notes </span><span class="pp-class-382 pa t30575 l43686 ls1759">to </span><span class="pp-class-382 pa t30575 l43687 ls1759">which </span><span class="pp-class-382 pa t30575 l43688 ls960">they </span><span class="pp-class-382 pa t30575 l43689 ls2851">relate. </span><span class="pp-class-382 pa t30575 l43690 ls1759">These </span><span class="pp-class-382 pa t30575 l43691 ls99">policies </span><span class="pp-class-382 pa t30583 l3 ls185">have </span><span class="pp-class-382 pa t30583 l43692 ls1323">been </span><span class="pp-class-382 pa t30583 l43693 ls3623">consistently </span><span class="pp-class-382 pa t30583 l43694 ls1237">applied </span><span class="pp-class-382 pa t30583 l43695 ls1759">to </span><span class="pp-class-382 pa t30583 l43696 ls858">all </span><span class="pp-class-382 pa t30583 l43697 ls103">of </span><span class="pp-class-382 pa t30583 l43698 ls858">the </span><span class="pp-class-382 pa t30583 l43699 ls2142">years </span><span class="pp-class-382 pa t30583 l43700 ls1148">presented, </span><span class="pp-class-382 pa t30583 l43701 ls2486">unless </span><span class="pp-class-382 pa t30583 l43702 ls1077">otherwise </span><span class="pp-class-382 pa t30583 l43703 ls1148">stated. </span><span class="pp-class-382 pa t30583 l43704 ls858">The </span><span class="pp-class-382 pa t30583 l43705 ls1073">financial </span><span class="pp-class-382 pa t30583 l43706 ls2088">statements </span><span class="pp-class-382 pa t30588 l3 ls800">are </span><span class="pp-class-382 pa t30588 l43707 ls3278">for </span><span class="pp-class-382 pa t30588 l30330 ls858">the </span><span class="pp-class-382 pa t30588 l43708 ls2784">Group </span><span class="pp-class-382 pa t30588 l43709 ls819">consisting </span><span class="pp-class-382 pa t30588 l43710 ls103">of </span><span class="pp-class-382 pa t30588 l43711 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30588 l43712 ls1868" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-382 pa t30588 l43713 ls858">and </span><span class="pp-class-382 pa t30588 l43714 ls858">its </span><span class="pp-class-382 pa t30588 l43715 ls830">subsidiaries.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30606 l3 ls858">The </span><span class="pp-class-382 pa t30606 l16631 ls53">accounting </span><span class="pp-class-382 pa t30606 l43716 ls2694">policies </span><span class="pp-class-382 pa t30606 l43717 ls185">have </span><span class="pp-class-382 pa t30606 l17139 ls1323">been </span><span class="pp-class-382 pa t30606 l43718 ls1772">made </span><span class="pp-class-382 pa t30606 l43719 ls2486">within </span><span class="pp-class-382 pa t30606 l43720 ls858">the </span><span class="pp-class-382 pa t30606 l43721 ls2671">framework </span><span class="pp-class-382 pa t30606 l43722 ls103">of </span><span class="pp-class-382 pa t30606 l37299 ls858">the </span><span class="pp-class-382 pa t30606 l43723 ls3435">prevailing </span><span class="pp-class-382 pa t30606 l43724 ls187">IFRS </span><span class="pp-class-382 pa t30606 l43725 ls53">accounting </span><span class="pp-class-382 pa t30606 l43726 ls2127">standards </span><span class="pp-class-382 pa t30606 l43727 ls278">as </span><span class="pp-class-382 pa t30615 l3 ls2970">adopted </span><span class="pp-class-382 pa t30615 l43728 ls2784">by </span><span class="pp-class-382 pa t30615 l43729 ls858">the </span><span class="pp-class-382 pa t30615 l43730 ls1868">EU. </span><span class="pp-class-382 pa t30615 l43731 ls858">The </span><span class="pp-class-382 pa t30615 l43732 ls728">actual </span><span class="pp-class-382 pa t30615 l43733 ls2145">text </span><span class="pp-class-382 pa t30615 l29907 ls103">of </span><span class="pp-class-382 pa t30615 l43734 ls858">the </span><span class="pp-class-382 pa t30615 l43735 ls1083">standard </span><span class="pp-class-382 pa t30615 l43736 ls1080">is </span><span class="pp-class-382 pa t30615 l43737 ls830">not </span><span class="pp-class-382 pa t30615 l43738 ls2145">repeated </span><span class="pp-class-382 pa t30615 l43739 ls1080">in </span><span class="pp-class-382 pa t30615 l43740 ls858">the </span><span class="pp-class-382 pa t30615 l43741 ls53">notes. </span><span class="pp-class-382 pa t30615 l43742 ls1099">The </span><span class="pp-class-382 pa t30615 l43743 ls4275">description </span><span class="pp-class-382 pa t30615 l43744 ls103">of </span><span class="pp-class-382 pa t30615 l43745 ls806">accounting </span><span class="pp-class-382 pa t30622 l3 ls2694">policies </span><span class="pp-class-382 pa t30622 l43746 ls1080">in </span><span class="pp-class-382 pa t30622 l43747 ls858">the </span><span class="pp-class-382 pa t30622 l43748 ls53">notes </span><span class="pp-class-382 pa t30622 l43749 ls2489">forms </span><span class="pp-class-382 pa t30622 l43750 ls658">part </span><span class="pp-class-382 pa t30622 l43751 ls103">of </span><span class="pp-class-382 pa t30622 l43752 ls1099">the </span><span class="pp-class-382 pa t30622 l43753 ls2143">overall </span><span class="pp-class-382 pa t30622 l43754 ls4275">description </span><span class="pp-class-382 pa t30622 l43755 ls103">of </span><span class="pp-class-382 pa t30622 l43756 ls1759">DFDS’ </span><span class="pp-class-382 pa t30622 l43757 ls53">accounting </span><span class="pp-class-382 pa t30622 l43758 ls2694">policies.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30634 l3 ls1759">Basis </span><span class="pp-class-383 pa t30634 l34198 ls1080">of </span><span class="pp-class-383 pa t30634 l43759 ls1271">reporting</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30807 l3 ls858">The </span><span class="pp-class-382 pa t30807 l16631 ls1150">2024 </span><span class="pp-class-382 pa t30807 l41662 ls2088">consolidated </span><span class="pp-class-382 pa t30807 l43760 ls1073">financial </span><span class="pp-class-382 pa t30807 l16205 ls1244">statements </span><span class="pp-class-382 pa t30807 l14851 ls1099">and </span><span class="pp-class-382 pa t30807 l43761 ls7096">Parent </span><span class="pp-class-382 pa t30807 l43762 ls2489">company </span><span class="pp-class-382 pa t30807 l43763 ls1073">financial </span><span class="pp-class-382 pa t30807 l43764 ls1244">statements </span><span class="pp-class-382 pa t30807 l43765 ls103">of </span><span class="pp-class-382 pa t30807 l43766 ls1323">DFDS </span><span class="pp-class-382 pa t30807 l43767 ls1868">A/S </span><span class="pp-class-382 pa t30807 l43768 ls3377">have </span><span class="pp-class-382 pa t30644 l3 ls1323">been </span><span class="pp-class-382 pa t30644 l43769 ls3435">prepared </span><span class="pp-class-382 pa t30644 l43770 ls1080">on </span><span class="pp-class-382 pa t30644 l43771 ls302">a </span><span class="pp-class-382 pa t30644 l43772 ls1759">going </span><span class="pp-class-382 pa t30644 l43773 ls1237">concern </span><span class="pp-class-382 pa t30644 l30992 ls1759">basis </span><span class="pp-class-382 pa t30644 l20316 ls858">and </span><span class="pp-class-382 pa t30644 l43774 ls1080">in </span><span class="pp-class-382 pa t30644 l43775 ls852">accordance </span><span class="pp-class-382 pa t30644 l43776 ls1323">with </span><span class="pp-class-382 pa t30644 l43777 ls1099">the </span><span class="pp-class-382 pa t30644 l43778 ls187">IFRS </span><span class="pp-class-382 pa t30644 l43779 ls688">Accounting </span><span class="pp-class-382 pa t30644 l43780 ls2127">Standards </span><span class="pp-class-382 pa t30644 l43781 ls1080">as </span><span class="pp-class-382 pa t30644 l43782 ls3278">adopted </span><span class="pp-class-382 pa t30649 l3 ls2784">by </span><span class="pp-class-382 pa t30649 l43783 ls858">the </span><span class="pp-class-382 pa t30649 l43784 ls1868">EU, </span><span class="pp-class-382 pa t30649 l43785 ls858">and </span><span class="pp-class-382 pa t30649 l43786 ls1772">additional </span><span class="pp-class-382 pa t30649 l43787 ls2486">Danish </span><span class="pp-class-382 pa t30649 l43788 ls2970">disclosure </span><span class="pp-class-382 pa t30649 l43789 ls2688">requirements </span><span class="pp-class-382 pa t30649 l43790 ls3278">for </span><span class="pp-class-382 pa t30649 l43791 ls1319">listed </span><span class="pp-class-382 pa t30649 l43792 ls819">companies. </span><span class="pp-class-382 pa t30649 l43793 ls1099">The </span><span class="pp-class-382 pa t30649 l43794 ls2088">consolidated </span><span class="pp-class-382 pa t30649 l43795 ls1323">financial </span><span class="pp-class-382 pa t30655 l3 ls1244">statements </span><span class="pp-class-382 pa t30655 l43674 ls800">are </span><span class="pp-class-382 pa t30655 l43796 ls1323">also </span><span class="pp-class-382 pa t30655 l43797 ls1080">in </span><span class="pp-class-382 pa t30655 l43798 ls852">accordance </span><span class="pp-class-382 pa t30655 l43799 ls1323">with </span><span class="pp-class-382 pa t30655 l43800 ls187">IFRS </span><span class="pp-class-382 pa t30655 l7146 ls688">Accounting </span><span class="pp-class-382 pa t30655 l18700 ls2127">Standards </span><span class="pp-class-382 pa t30655 l43801 ls1080">as </span><span class="pp-class-382 pa t30655 l43802 ls2486">issued </span><span class="pp-class-382 pa t30655 l43803 ls2784">by </span><span class="pp-class-382 pa t30655 l43804 ls858">the </span><span class="pp-class-382 pa t30655 l43805 ls803">International </span><span class="pp-class-382 pa t30655 l43806 ls1271">Accounting </span><span class="pp-class-382 pa t387 l3 ls2127">Standards </span><span class="pp-class-382 pa t387 l43807 ls2784">Board </span><span class="pp-class-382 pa t387 l43808 ls1701">(IASB).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30676 l3 ls1080" xmlns="http://www.w3.org/1999/xhtml">On </span><span class="pp-class-382 pa t30676 l43809 ls1080" xmlns="http://www.w3.org/1999/xhtml">21 </span><span class="pp-class-382 pa t30676 l43810 ls1941" xmlns="http://www.w3.org/1999/xhtml">February </span><span class="pp-class-382 pa t30676 l43811 ls2851" xmlns="http://www.w3.org/1999/xhtml">2025, </span><span class="pp-class-382 pa t30676 l43812 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30676 l43813 ls2784" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-382 pa t30676 l43814 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30676 l43815 ls2944" xmlns="http://www.w3.org/1999/xhtml">Directors </span><span class="pp-class-382 pa t30676 l43816 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t30676 l43817 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30676 l43818 ls1463" xmlns="http://www.w3.org/1999/xhtml">Executive </span><span class="pp-class-382 pa t30676 l43819 ls53" xmlns="http://www.w3.org/1999/xhtml">Management </span><span class="pp-class-382 pa t30676 l43820 ls2784" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-382 pa t30676 l43821 ls2970" xmlns="http://www.w3.org/1999/xhtml">considered </span><span class="pp-class-382 pa t30676 l43822 ls1099" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t30676 l43823 ls3435" xmlns="http://www.w3.org/1999/xhtml">approved </span><span class="pp-class-382 pa t30682 l3 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30682 l43824 ls1150" xmlns="http://www.w3.org/1999/xhtml">2024 </span><span class="pp-class-382 pa t30682 l29904 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30682 l34507 ls1080" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-382 pa t30682 l43825 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30682 l43826 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30682 l43827 ls8853" xmlns="http://www.w3.org/1999/xhtml">A/S. </span><span class="pp-class-382 pa t30682 l43828 ls1099" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-382 pa t30682 l6401 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30682 l43829 ls1080" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-382 pa t30682 l43830 ls1323" xmlns="http://www.w3.org/1999/xhtml">will </span><span class="pp-class-382 pa t30682 l43831 ls1080" xmlns="http://www.w3.org/1999/xhtml">be </span><span class="pp-class-382 pa t30682 l43832 ls852" xmlns="http://www.w3.org/1999/xhtml">presented </span><span class="pp-class-382 pa t30682 l43833 ls1759" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-382 pa t30682 l43834 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30682 l43835 ls3105" xmlns="http://www.w3.org/1999/xhtml">shareholders </span><span class="pp-class-382 pa t30682 l43836 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30682 l43837 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30682 l43838 ls1868" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-382 pa t30682 l43839 ls99" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t30687 l3 ls185" xmlns="http://www.w3.org/1999/xhtml">approval </span><span class="pp-class-382 pa t30687 l43840 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t30687 l43841 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30687 l43842 ls2842" xmlns="http://www.w3.org/1999/xhtml">ordinary </span><span class="pp-class-382 pa t30687 l43843 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30687 l43844 ls1150" xmlns="http://www.w3.org/1999/xhtml">General </span><span class="pp-class-382 pa t30687 l40562 ls3474" xmlns="http://www.w3.org/1999/xhtml">Meeting </span><span class="pp-class-382 pa t30687 l43845 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t30687 l43846 ls2760" xmlns="http://www.w3.org/1999/xhtml">24 </span><span class="pp-class-382 pa t30687 l43847 ls2784" xmlns="http://www.w3.org/1999/xhtml">March </span><span class="pp-class-382 pa t30687 l43848 ls3382" xmlns="http://www.w3.org/1999/xhtml">2025.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30689 l3 ls1759">Basis </span><span class="pp-class-383 pa t30689 l34198 ls1077">for </span><span class="pp-class-383 pa t30689 l43849 ls7694">preparation</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30696 l3">The </span><span class="pp-class-382 pa t30696 l16790 ls166">consolidated </span><span class="pp-class-382 pa t30696 l43850">financial </span><span class="pp-class-382 pa t30696 l9537 ls254">statements </span><span class="pp-class-382 pa t30696 l43851">and </span><span class="pp-class-382 pa t30696 l43852">the </span><span class="pp-class-382 pa t30696 l20559 ls214">Parent </span><span class="pp-class-382 pa t30696 l33322 ls90">company </span><span class="pp-class-382 pa t30696 l43853">financial </span><span class="pp-class-382 pa t30696 l43854 ls254">statements </span><span class="pp-class-382 pa t30696 l43855 ls85">are </span><span class="pp-class-382 pa t30696 l43856 ls81">presented </span><span class="pp-class-382 pa t30696 l43857 ls12">in </span><span class="pp-class-382 pa t30703 l3">Danish </span><span class="pp-class-382 pa t30703 l42576 ls134">Kroner </span><span class="pp-class-382 pa t30703 l42507">(DKK) </span><span class="pp-class-382 pa t30703 l31803">which </span><span class="pp-class-382 pa t30703 l43858">is </span><span class="pp-class-382 pa t30703 l43859">the </span><span class="pp-class-382 pa t30703 l43860 ls214">Parent </span><span class="pp-class-382 pa t30703 l43861 ls884">company’s </span><span class="pp-class-382 pa t30703 l43862 ls96">functional </span><span class="pp-class-382 pa t30703 l43863 ls3105">currency. </span><span class="pp-class-382 pa t30703 l43864">The </span><span class="pp-class-382 pa t30703 l18741 ls166">consolidated </span><span class="pp-class-382 pa t30703 l43865 ls12">financial </span><span class="pp-class-382 pa t30707 l3 ls254">statements </span><span class="pp-class-382 pa t30707 l43866">and </span><span class="pp-class-382 pa t30707 l43867">the </span><span class="pp-class-382 pa t30707 l23361 ls214">Parent </span><span class="pp-class-382 pa t30707 l43868 ls90">company </span><span class="pp-class-382 pa t30707 l18033">financial </span><span class="pp-class-382 pa t30707 l43869 ls254">statements </span><span class="pp-class-382 pa t30707 l43870 ls85">are </span><span class="pp-class-382 pa t30707 l43871 ls230">prepared </span><span class="pp-class-382 pa t30707 l43872 ls1326">according </span><span class="pp-class-382 pa t30707 l43873 ls166">to </span><span class="pp-class-382 pa t30707 l43874 ls12">the </span><span class="pp-class-382 pa t30707 l43875 ls907">historical </span><span class="pp-class-382 pa t30707 l43876 ls12">cost </span><span class="pp-class-382 pa t30712 l3 ls1259">convention </span><span class="pp-class-382 pa t30712 l41418 ls187">except </span><span class="pp-class-382 pa t30712 l43877 ls81">that </span><span class="pp-class-382 pa t30712 l29937 ls897">derivatives </span><span class="pp-class-382 pa t30712 l43878">and </span><span class="pp-class-382 pa t30712 l7047">financial </span><span class="pp-class-382 pa t30712 l43879 ls2329">instruments </span><span class="pp-class-382 pa t30712 l43880">classified </span><span class="pp-class-382 pa t30712 l43881">as </span><span class="pp-class-382 pa t30712 l43882 ls166">“Fair </span><span class="pp-class-382 pa t30712 l43883 ls16">value </span><span class="pp-class-382 pa t30712 l43884 ls671">through </span><span class="pp-class-382 pa t30712 l43885 ls225">profit </span><span class="pp-class-382 pa t30712 l43886 ls93">loss” </span><span class="pp-class-382 pa t30720 l3 ls1531">(FVTPL) </span><span class="pp-class-382 pa t30720 l43887 ls85">are </span><span class="pp-class-382 pa t30720 l33351 ls1259">measured </span><span class="pp-class-382 pa t30720 l43888 ls2835">at </span><span class="pp-class-382 pa t30720 l42423 ls1005">fair </span><span class="pp-class-382 pa t30720 l43889 ls274">value.</span></p></div></div><div id="pp-id-5028" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h43890 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls1237">Rounding</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30568 l3 ls1080">In </span><span class="pp-class-382 pa t30568 l43891 ls8853">general, </span><span class="pp-class-382 pa t30568 l31787 ls8853">rounding </span><span class="pp-class-382 pa t30568 l43892 ls2944">may </span><span class="pp-class-382 pa t30568 l10831 ls296">cause </span><span class="pp-class-382 pa t30568 l34232 ls1101">variances </span><span class="pp-class-382 pa t30568 l43893 ls1080">in </span><span class="pp-class-382 pa t30568 l43894 ls1323">sums </span><span class="pp-class-382 pa t30568 l43895 ls1099">and </span><span class="pp-class-382 pa t30568 l43896 ls2787">percentages </span><span class="pp-class-382 pa t30568 l43897 ls1080">in </span><span class="pp-class-382 pa t30568 l43898 ls1099">the </span><span class="pp-class-382 pa t30568 l43899 ls2486">Annual </span><span class="pp-class-382 pa t30568 l43900 ls2835">Report.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30583 l3 ls2889">Application </span><span class="pp-class-383 pa t30583 l43901 ls1080">of </span><span class="pp-class-383 pa t30583 l43902 ls2889">materiality </span><span class="pp-class-383 pa t30583 l17575 ls858">and </span><span class="pp-class-383 pa t30583 l43903 ls2769">relevance</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30588 l3 ls858">The </span><span class="pp-class-382 pa t30588 l16631 ls2088">consolidated </span><span class="pp-class-382 pa t30588 l43904 ls1073">financial </span><span class="pp-class-382 pa t30588 l43905 ls1244">statements </span><span class="pp-class-382 pa t30588 l41609 ls1015">separately </span><span class="pp-class-382 pa t30588 l43906 ls852">present </span><span class="pp-class-382 pa t30588 l43907 ls1118">items </span><span class="pp-class-382 pa t30588 l43908 ls1080">or </span><span class="pp-class-382 pa t30588 l43909 ls1083">groups </span><span class="pp-class-382 pa t30588 l43910 ls103">of </span><span class="pp-class-382 pa t30588 l43911 ls1118">items </span><span class="pp-class-382 pa t30588 l43912 ls6360">that </span><span class="pp-class-382 pa t30588 l43913 ls800">are </span><span class="pp-class-382 pa t30588 l43914 ls2113">considered </span><span class="pp-class-382 pa t30593 l3 ls3105">material. </span><span class="pp-class-382 pa t30593 l43915 ls1080">In </span><span class="pp-class-382 pa t30593 l43916 ls1772">addition, </span><span class="pp-class-382 pa t30593 l43917 ls1148">information </span><span class="pp-class-382 pa t30593 l43918 ls6360">that </span><span class="pp-class-382 pa t30593 l43919 ls1080">is </span><span class="pp-class-382 pa t30593 l41695 ls2970">considered </span><span class="pp-class-382 pa t30593 l43920 ls3105">material, </span><span class="pp-class-382 pa t30593 l29817 ls2486">either </span><span class="pp-class-382 pa t30593 l43921 ls4299">individually </span><span class="pp-class-382 pa t30593 l43922 ls1080">or </span><span class="pp-class-382 pa t30593 l43923 ls1080">in </span><span class="pp-class-382 pa t30593 l43924 ls688">combination </span><span class="pp-class-382 pa t30593 l43925 ls1955">with </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30606 l3 ls296">other </span><span class="pp-class-382 pa t30606 l43926 ls1150">information, </span><span class="pp-class-382 pa t30606 l43927 ls1080">is </span><span class="pp-class-382 pa t30606 l43928 ls1073">disclosed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30622 l3 ls728">Materiality </span><span class="pp-class-382 pa t30622 l43929 ls1080">is </span><span class="pp-class-382 pa t30622 l43930 ls2486">judged </span><span class="pp-class-382 pa t30622 l43931 ls2784">by </span><span class="pp-class-382 pa t30622 l43932 ls715">reference </span><span class="pp-class-382 pa t30622 l43933 ls1759">to </span><span class="pp-class-382 pa t30622 l30626 ls858">the </span><span class="pp-class-382 pa t30622 l43934 ls3474">size </span><span class="pp-class-382 pa t30622 l43935 ls1099">and </span><span class="pp-class-382 pa t30622 l43936 ls3435">nature </span><span class="pp-class-382 pa t30622 l43937 ls103">of </span><span class="pp-class-382 pa t30622 l43938 ls1099">the </span><span class="pp-class-382 pa t30622 l43939 ls1118">item. </span><span class="pp-class-382 pa t30622 l43940 ls858">The </span><span class="pp-class-382 pa t30622 l43941 ls2694">deciding </span><span class="pp-class-382 pa t30622 l43942 ls2760">factor </span><span class="pp-class-382 pa t30622 l43943 ls1080">is </span><span class="pp-class-382 pa t30622 l43944 ls3474">whether </span><span class="pp-class-382 pa t30622 l43945 ls302">the </span><span class="pp-class-382 pa t30628 l3 ls2694">omission </span><span class="pp-class-382 pa t30628 l43946 ls1080">or </span><span class="pp-class-382 pa t30628 l43947 ls5069">misstatement </span><span class="pp-class-382 pa t30628 l43948 ls2486">could, </span><span class="pp-class-382 pa t30628 l42523 ls4299">individually </span><span class="pp-class-382 pa t30628 l43949 ls1080">or </span><span class="pp-class-382 pa t30628 l43950 ls3310">collectively, </span><span class="pp-class-382 pa t30628 l43951 ls1859">influence </span><span class="pp-class-382 pa t30628 l43952 ls1099">the </span><span class="pp-class-382 pa t30628 l43953 ls2694">economic </span><span class="pp-class-382 pa t30628 l43954 ls1073">decisions </span><span class="pp-class-382 pa t30628 l43955 ls1772">made </span><span class="pp-class-382 pa t30628 l43956 ls2784">by </span><span class="pp-class-382 pa t30628 l43957 ls302">the </span><span class="pp-class-382 pa t30634 l3 ls3572">primary </span><span class="pp-class-382 pa t30634 l43958 ls1759">users </span><span class="pp-class-382 pa t30634 l43959 ls1080">on </span><span class="pp-class-382 pa t30634 l43960 ls858">the </span><span class="pp-class-382 pa t30634 l43961 ls1759">basis </span><span class="pp-class-382 pa t30634 l12464 ls103">of </span><span class="pp-class-382 pa t30634 l43962 ls858">the </span><span class="pp-class-382 pa t30634 l43963 ls2088">consolidated </span><span class="pp-class-382 pa t30634 l43964 ls1073">financial </span><span class="pp-class-382 pa t30634 l43965 ls2854">statements. </span><span class="pp-class-382 pa t30634 l43966 ls1080">In </span><span class="pp-class-382 pa t30634 l43967 ls1126">particular </span><span class="pp-class-382 pa t30634 l43968 ls6360">circumstances, </span><span class="pp-class-382 pa t30634 l43969 ls2486">either </span><span class="pp-class-382 pa t30634 l43970 ls302">the </span><span class="pp-class-382 pa t30807 l3 ls3435">nature </span><span class="pp-class-382 pa t30807 l43971 ls1080">or </span><span class="pp-class-382 pa t30807 l43972 ls1099">the </span><span class="pp-class-382 pa t30807 l43973 ls1073">amount </span><span class="pp-class-382 pa t30807 l17440 ls103">of </span><span class="pp-class-382 pa t30807 l43974 ls1080">an </span><span class="pp-class-382 pa t30807 l43975 ls1073">item </span><span class="pp-class-382 pa t30807 l43976 ls1080">or </span><span class="pp-class-382 pa t30807 l43977 ls1080">an </span><span class="pp-class-382 pa t30807 l43978 ls3458">aggregate </span><span class="pp-class-382 pa t30807 l43979 ls103">of </span><span class="pp-class-382 pa t30807 l43980 ls1118">items </span><span class="pp-class-382 pa t30807 l43981 ls1759">could </span><span class="pp-class-382 pa t30807 l43982 ls1080">be </span><span class="pp-class-382 pa t30807 l43983 ls1099">the </span><span class="pp-class-382 pa t30807 l43984 ls2489">determining </span><span class="pp-class-382 pa t30807 l43985 ls731">factor.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30649 l3 ls7752">Alternative </span><span class="pp-class-383 pa t30649 l43916 ls296">performance </span><span class="pp-class-383 pa t30649 l43986 ls1859">measures</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30655 l3 ls1080">In </span><span class="pp-class-382 pa t30655 l43891 ls858">the </span><span class="pp-class-382 pa t30655 l43987 ls2486">Annual </span><span class="pp-class-382 pa t30655 l3906 ls1080">Report </span><span class="pp-class-382 pa t30655 l43988 ls1323">DFDS </span><span class="pp-class-382 pa t30655 l43989 ls2127">presents </span><span class="pp-class-382 pa t30655 l43990 ls99">certain </span><span class="pp-class-382 pa t30655 l43991 ls1073">financial </span><span class="pp-class-382 pa t30655 l43992 ls1321">performance </span><span class="pp-class-382 pa t30655 l43993 ls8853">measures </span><span class="pp-class-382 pa t30655 l43994 ls1323">such </span><span class="pp-class-382 pa t30655 l43995 ls1080">as </span><span class="pp-class-382 pa t30655 l43996 ls6360">subtotals </span><span class="pp-class-382 pa t30655 l43997 ls858">and </span><span class="pp-class-382 pa t30655 l43998 ls3458">key </span><span class="pp-class-382 pa t387 l3 ls1150">figures </span><span class="pp-class-382 pa t387 l9503 ls1759">which </span><span class="pp-class-382 pa t387 l43999 ls800">are </span><span class="pp-class-382 pa t387 l44000 ls830">not </span><span class="pp-class-382 pa t387 l19973 ls3435">required </span><span class="pp-class-382 pa t387 l44001 ls1080">or </span><span class="pp-class-382 pa t387 l44002 ls1305">defined </span><span class="pp-class-382 pa t387 l44003 ls1759">under </span><span class="pp-class-382 pa t387 l164 ls1941">IFRS. </span><span class="pp-class-382 pa t387 l44004 ls1080">It </span><span class="pp-class-382 pa t387 l44005 ls1080">is </span><span class="pp-class-382 pa t387 l31685 ls2970">considered </span><span class="pp-class-382 pa t387 l44006 ls6360">that </span><span class="pp-class-382 pa t387 l44007 ls1759">these </span><span class="pp-class-382 pa t387 l44008 ls2688">alternative </span><span class="pp-class-382 pa t387 l44009 ls8853">measures </span><span class="pp-class-382 pa t387 l44010 ls4305">provide </span><span class="pp-class-382 pa t30670 l3 ls2132">relevant </span><span class="pp-class-382 pa t30670 l44011 ls1073">supplementary </span><span class="pp-class-382 pa t30670 l44012 ls1148">information </span><span class="pp-class-382 pa t30670 l44013 ls3278">for </span><span class="pp-class-382 pa t30670 l44014 ls858">the </span><span class="pp-class-382 pa t30670 l75 ls3105">stakeholders </span><span class="pp-class-382 pa t30670 l44015 ls103">of </span><span class="pp-class-382 pa t30670 l44016 ls1323">DFDS.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30682 l3 ls1772">For </span><span class="pp-class-382 pa t30682 l44017 ls830">definitions </span><span class="pp-class-382 pa t30682 l44018 ls103">of </span><span class="pp-class-382 pa t30682 l44019 ls1057">key </span><span class="pp-class-382 pa t30682 l44020 ls1150">figures </span><span class="pp-class-382 pa t30682 l44021 ls2486">please </span><span class="pp-class-382 pa t30682 l44022 ls3435">refer </span><span class="pp-class-382 pa t30682 l44023 ls1759">to </span><span class="pp-class-382 pa t30682 l44024 ls1099">the </span><span class="pp-class-382 pa t30682 l44025 ls1271">sections </span><span class="pp-class-382 pa t30682 l44026 ls819">‘Financial </span><span class="pp-class-382 pa t30682 l44027 ls1118">definitions’ </span><span class="pp-class-382 pa t30682 l44028 ls858">and </span><span class="pp-class-382 pa t30682 l44029 ls1323">’ESG </span><span class="pp-class-382 pa t30682 l44030 ls7611">definitions’.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30828 l3 ls8853">Climate </span><span class="pp-class-383 pa t30828 l44031 ls7094">related </span><span class="pp-class-383 pa t30828 l37200 ls858">risk</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30689 l3 ls1323">When </span><span class="pp-class-382 pa t30689 l24022 ls960">preparing </span><span class="pp-class-382 pa t30689 l44032 ls858">the </span><span class="pp-class-382 pa t30689 l17719 ls2088">consolidated </span><span class="pp-class-382 pa t30689 l44033 ls1073">financial </span><span class="pp-class-382 pa t30689 l44034 ls2854">statements, </span><span class="pp-class-382 pa t30689 l44035 ls53">management </span><span class="pp-class-382 pa t30689 l44036 ls1073">considers </span><span class="pp-class-382 pa t30689 l44037 ls1150">climate-related </span><span class="pp-class-382 pa t30689 l44038 ls2142">risks, </span><span class="pp-class-382 pa t30689 l44039 ls728">where </span><span class="pp-class-382 pa t30696 l3 ls1759">these </span><span class="pp-class-382 pa t30696 l44040 ls1759">could </span><span class="pp-class-382 pa t30696 l44041 ls2760">potentially </span><span class="pp-class-382 pa t30696 l37850 ls728">impact </span><span class="pp-class-382 pa t30696 l44042 ls2088">reported </span><span class="pp-class-382 pa t30696 l44043 ls1118">amounts </span><span class="pp-class-382 pa t30696 l44044 ls13205">materially. </span><span class="pp-class-382 pa t30696 l44045 ls1099">The </span><span class="pp-class-382 pa t30696 l44046 ls2784">areas </span><span class="pp-class-382 pa t30696 l44047 ls1080">in </span><span class="pp-class-382 pa t30696 l44048 ls1759">which </span><span class="pp-class-382 pa t30696 l44049 ls1150">climate-related </span><span class="pp-class-382 pa t30696 l44050 ls2970">risks </span><span class="pp-class-382 pa t30696 l42895 ls3377">have </span><span class="pp-class-382 pa t30703 l3 ls1323">been </span><span class="pp-class-382 pa t30703 l43769 ls2694">assessed </span><span class="pp-class-382 pa t30703 l18000 ls1083">at </span><span class="pp-class-382 pa t30703 l44051 ls1099">the </span><span class="pp-class-382 pa t30703 l44052 ls858">end </span><span class="pp-class-382 pa t30703 l44053 ls103">of </span><span class="pp-class-382 pa t30703 l44054 ls1150">2024 </span><span class="pp-class-382 pa t30703 l26175 ls800">are </span><span class="pp-class-382 pa t30703 l44055 ls238">included </span><span class="pp-class-382 pa t30703 l12364 ls2486">within </span><span class="pp-class-382 pa t30703 l44056 ls858">the </span><span class="pp-class-382 pa t30703 l44057 ls819">individual </span><span class="pp-class-382 pa t30703 l44058 ls53">notes </span><span class="pp-class-382 pa t30703 l44059 ls2694">outlined </span><span class="pp-class-382 pa t30703 l44060 ls1271">below: </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30707 l3 ls1859">Note </span><span class="pp-class-382 pa t30707 l44061 ls7094">3.1.2 </span><span class="pp-class-382 pa t30707 l44062 ls1101">Non-current </span><span class="pp-class-382 pa t30707 l44063 ls296">tangible </span><span class="pp-class-382 pa t30707 l19401 ls296">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30712 l3 ls1859">Note </span><span class="pp-class-382 pa t30712 l44061 ls3024">3.1.3 </span><span class="pp-class-382 pa t30712 l44062 ls1316">Right-of-use </span><span class="pp-class-382 pa t30712 l44064 ls238">assets </span><span class="pp-class-382 pa t30712 l44065 ls858">and </span><span class="pp-class-382 pa t30712 l44066 ls1759">lease </span><span class="pp-class-382 pa t30712 l44067 ls1759">liabilities </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30720 l3 ls1859">Note </span><span class="pp-class-382 pa t30720 l44061 ls14041">3.1.4 </span><span class="pp-class-382 pa t30720 l44062 ls806">Impairment </span><span class="pp-class-382 pa t30720 l13396 ls1319">testing</span></p></div></div><div class="pp-class-10" id="pp-id-5033" xmlns="http://www.w3.org/1999/xhtml"><div class="w42856 h43637 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.1 </span><span class="pp-class-370 pa t21055 l43638">Principal </span><span class="pp-class-370 pa t21055 l43648 ls128">accounting </span><span class="pp-class-370 pa t21055 l43649">policies </span><span class="pp-class-371 pa t21055 l44069"/><span class="pp-class-371 pa t21055 l44070 ls155">(continued)</span></p></div></div><div id="pp-id-5034" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-384 pa t44071 l3 ls287">Description </span><span class="pp-class-384 pa t44071 l2715">of </span><span class="pp-class-384 pa t44071 l44072 ls258">accounting </span><span class="pp-class-384 pa t44071 l44073">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t44074 l3 ls1759">Basis </span><span class="pp-class-383 pa t44074 l34198 ls1080">of </span><span class="pp-class-383 pa t44074 l43759 ls803">consolidation</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44075 l3 ls858">The </span><span class="pp-class-382 pa t44075 l16631 ls2088">consolidated </span><span class="pp-class-382 pa t44075 l43904 ls1073">financial </span><span class="pp-class-382 pa t44075 l43905 ls1244">statements </span><span class="pp-class-382 pa t44075 l41609 ls238">includes </span><span class="pp-class-382 pa t44075 l44076 ls1099">the </span><span class="pp-class-382 pa t44075 l44077 ls7096">Parent </span><span class="pp-class-382 pa t44075 l44078 ls2489">company </span><span class="pp-class-382 pa t44075 l44079 ls1323">DFDS </span><span class="pp-class-382 pa t44075 l44080 ls1868">A/S </span><span class="pp-class-382 pa t44075 l44081 ls1099">and </span><span class="pp-class-382 pa t44075 l44082 ls858">the </span><span class="pp-class-382 pa t44075 l44083 ls830">subsidiaries </span><span class="pp-class-382 pa t44075 l44084 ls1080">in </span><span class="pp-class-382 pa t44075 l44085 ls1080">which </span><span class="pp-class-382 pa t44086 l3 ls858">the </span><span class="pp-class-382 pa t44086 l43824 ls7096">Parent </span><span class="pp-class-382 pa t44086 l42469 ls2489">company </span><span class="pp-class-382 pa t44086 l44087 ls2127">controls </span><span class="pp-class-382 pa t44086 l44088 ls858">the </span><span class="pp-class-382 pa t44086 l22505 ls1073">financial </span><span class="pp-class-382 pa t44086 l15595 ls1099">and </span><span class="pp-class-382 pa t44086 l44089 ls2944">operational </span><span class="pp-class-382 pa t44086 l44090 ls1073">policies. </span><span class="pp-class-382 pa t44086 l44091 ls852">Control </span><span class="pp-class-382 pa t44086 l44092 ls1080">is </span><span class="pp-class-382 pa t44086 l44093 ls3278">obtained </span><span class="pp-class-382 pa t44086 l44094 ls1323">when </span><span class="pp-class-382 pa t44086 l44095 ls858">the </span><span class="pp-class-382 pa t44086 l43795 ls728">Group </span><span class="pp-class-382 pa t44096 l3 ls2143">directly </span><span class="pp-class-382 pa t44096 l22875 ls1080">or </span><span class="pp-class-382 pa t44096 l44097 ls2671">indirectly </span><span class="pp-class-382 pa t44096 l44098 ls1759">holds </span><span class="pp-class-382 pa t44096 l44099 ls1243">more </span><span class="pp-class-382 pa t44096 l44100 ls1323">than </span><span class="pp-class-382 pa t44096 l44101 ls858">50% </span><span class="pp-class-382 pa t44096 l44102 ls103">of </span><span class="pp-class-382 pa t44096 l16529 ls858">the </span><span class="pp-class-382 pa t44096 l44103 ls1148">voting </span><span class="pp-class-382 pa t44096 l44104 ls1073">rights </span><span class="pp-class-382 pa t44096 l44105 ls1080">in </span><span class="pp-class-382 pa t44096 l44106 ls1099">the </span><span class="pp-class-382 pa t44096 l44107 ls1701">enterprise </span><span class="pp-class-382 pa t44096 l44108 ls138">(i.e. </span><span class="pp-class-382 pa t44096 l44109 ls869">subsidiary) </span><span class="pp-class-382 pa t44096 l44110 ls1080">or </span><span class="pp-class-382 pa t44096 l44111 ls1080">if </span><span class="pp-class-382 pa t44096 l44112 ls230">it, </span><span class="pp-class-382 pa t44096 l44113 ls1080">in </span><span class="pp-class-382 pa t44096 l44114 ls1955">some </span><span class="pp-class-382 pa t44115 l3 ls296">other </span><span class="pp-class-382 pa t44115 l43926 ls44116">way, </span><span class="pp-class-382 pa t44115 l44117 ls2127">controls </span><span class="pp-class-382 pa t44115 l44118 ls1099">the </span><span class="pp-class-382 pa t44115 l44119 ls688">enterprise. </span><span class="pp-class-382 pa t44115 l44120 ls10900">Further, </span><span class="pp-class-382 pa t44115 l44121 ls852">control </span><span class="pp-class-382 pa t44115 l44122 ls1323">also </span><span class="pp-class-382 pa t44115 l44123 ls1237">implies </span><span class="pp-class-382 pa t44115 l44124 ls6360">that </span><span class="pp-class-382 pa t44115 l44125 ls858">the </span><span class="pp-class-382 pa t44115 l44126 ls2784">Group </span><span class="pp-class-382 pa t44115 l44127 ls1080">is </span><span class="pp-class-382 pa t44115 l44128 ls8853">exposed, </span><span class="pp-class-382 pa t44115 l44129 ls1080">or </span><span class="pp-class-382 pa t44115 l44130 ls858">has </span><span class="pp-class-382 pa t44115 l44131 ls1118">rights, </span><span class="pp-class-382 pa t44115 l44132 ls302">to </span><span class="pp-class-382 pa t44133 l3 ls2088">variable </span><span class="pp-class-382 pa t44133 l44134 ls2787">returns </span><span class="pp-class-382 pa t44133 l44135 ls1243">from </span><span class="pp-class-382 pa t44133 l44136 ls858">its </span><span class="pp-class-382 pa t44133 l44137 ls4652">involvement </span><span class="pp-class-382 pa t44133 l44138 ls1323">with </span><span class="pp-class-382 pa t44133 l44139 ls1099">the </span><span class="pp-class-382 pa t44133 l16251 ls2784">investee </span><span class="pp-class-382 pa t44133 l44140 ls1099">and </span><span class="pp-class-382 pa t44133 l44141 ls1099">has </span><span class="pp-class-382 pa t44133 l44142 ls858">the </span><span class="pp-class-382 pa t44133 l44143 ls1237">ability </span><span class="pp-class-382 pa t44133 l44144 ls1759">to </span><span class="pp-class-382 pa t44133 l44145 ls852">affect </span><span class="pp-class-382 pa t44133 l44146 ls1759">those </span><span class="pp-class-382 pa t44133 l44147 ls2787">returns </span><span class="pp-class-382 pa t44133 l44148 ls1150">through </span><span class="pp-class-382 pa t44133 l44149 ls302">its </span><span class="pp-class-382 pa t44150 l3 ls646">power </span><span class="pp-class-382 pa t44150 l3321 ls2671">over </span><span class="pp-class-382 pa t44150 l41630 ls858">the </span><span class="pp-class-382 pa t44150 l44151 ls2760">investee. </span><span class="pp-class-382 pa t44150 l44152 ls858">The </span><span class="pp-class-382 pa t44150 l44153 ls7096">Parent </span><span class="pp-class-382 pa t44150 l44154 ls2489">company </span><span class="pp-class-382 pa t44150 l44155 ls858">and </span><span class="pp-class-382 pa t44150 l44156 ls1099">its </span><span class="pp-class-382 pa t44150 l44157 ls830">subsidiaries </span><span class="pp-class-382 pa t44150 l29886 ls800">are </span><span class="pp-class-382 pa t44150 l44158 ls2955">referred </span><span class="pp-class-382 pa t44150 l44159 ls1759">to </span><span class="pp-class-382 pa t44150 l44160 ls1080">as </span><span class="pp-class-382 pa t44150 l44161 ls1099">the </span><span class="pp-class-382 pa t44150 l44162 ls7094">Group.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44163 l3 ls858">The </span><span class="pp-class-382 pa t44163 l16631 ls2088">consolidated </span><span class="pp-class-382 pa t44163 l43904 ls1073">financial </span><span class="pp-class-382 pa t44163 l43905 ls1244">statements </span><span class="pp-class-382 pa t44163 l41609 ls800">are </span><span class="pp-class-382 pa t44163 l44164 ls1759">based </span><span class="pp-class-382 pa t44163 l44165 ls1080">on </span><span class="pp-class-382 pa t44163 l44166 ls858">the </span><span class="pp-class-382 pa t44163 l44167 ls7096">Parent </span><span class="pp-class-382 pa t44163 l44168 ls2489">company </span><span class="pp-class-382 pa t44163 l44169 ls858">and </span><span class="pp-class-382 pa t44163 l44170 ls1099">the </span><span class="pp-class-382 pa t44163 l44171 ls830">subsidiaries </span><span class="pp-class-382 pa t44163 l44172 ls858">and </span><span class="pp-class-382 pa t44163 l44173 ls2970">are </span><span class="pp-class-382 pa t44174 l3 ls3435">prepared </span><span class="pp-class-382 pa t44174 l5142 ls2784">by </span><span class="pp-class-382 pa t44174 l30802 ls1073">combining </span><span class="pp-class-382 pa t44174 l44175 ls1118">items </span><span class="pp-class-382 pa t44174 l44176 ls103">of </span><span class="pp-class-382 pa t44174 l44177 ls302">a </span><span class="pp-class-382 pa t44174 l44033 ls2489">uniform </span><span class="pp-class-382 pa t44174 l31806 ls3435">nature </span><span class="pp-class-382 pa t44174 l44178 ls1099">and </span><span class="pp-class-382 pa t44174 l44179 ls688">eliminating </span><span class="pp-class-382 pa t44174 l44180 ls2784">intercompany </span><span class="pp-class-382 pa t44174 l44181 ls852">transactions, </span><span class="pp-class-382 pa t44174 l44182 ls1859">shareholdings, </span><span class="pp-class-382 pa t44183 l3 ls1073">balances, </span><span class="pp-class-382 pa t44183 l44184 ls1099">and </span><span class="pp-class-382 pa t44183 l18552 ls2784">intercompany </span><span class="pp-class-382 pa t44183 l44185 ls1759">gains </span><span class="pp-class-382 pa t44183 l44186 ls858">and </span><span class="pp-class-382 pa t44183 l44187 ls1237">losses. </span><span class="pp-class-382 pa t44183 l44188 ls858">The </span><span class="pp-class-382 pa t44183 l40591 ls2088">consolidated </span><span class="pp-class-382 pa t44183 l44189 ls1073">financial </span><span class="pp-class-382 pa t44183 l44190 ls1244">statements </span><span class="pp-class-382 pa t44183 l44191 ls800">are </span><span class="pp-class-382 pa t44183 l44192 ls3435">prepared </span><span class="pp-class-382 pa t44183 l44193 ls1319">by </span><span class="pp-class-382 pa t44194 l3 ls2944">applying </span><span class="pp-class-382 pa t44194 l44195 ls858">the </span><span class="pp-class-382 pa t44194 l44196 ls1015">Group’s </span><span class="pp-class-382 pa t44194 l44197 ls53">accounting </span><span class="pp-class-382 pa t44194 l44198 ls2694">policies.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44199 l3 ls1244" xmlns="http://www.w3.org/1999/xhtml">Investments </span><span class="pp-class-382 pa t44199 l44200 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44199 l4565 ls830" xmlns="http://www.w3.org/1999/xhtml">subsidiaries </span><span class="pp-class-382 pa t44199 l34241 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44199 l44201 ls803" xmlns="http://www.w3.org/1999/xhtml">eliminated </span><span class="pp-class-382 pa t44199 l44202 ls1772" xmlns="http://www.w3.org/1999/xhtml">against </span><span class="pp-class-382 pa t44199 l44203 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44199 l44204 ls8853" xmlns="http://www.w3.org/1999/xhtml">proportionate </span><span class="pp-class-382 pa t44199 l44205 ls2784" xmlns="http://www.w3.org/1999/xhtml">share </span><span class="pp-class-382 pa t44199 l44206 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t44199 l44207 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44199 l44208 ls1118" xmlns="http://www.w3.org/1999/xhtml">subsidiaries’ </span><span class="pp-class-382 pa t44199 l44209 ls830" xmlns="http://www.w3.org/1999/xhtml">net </span><span class="pp-class-382 pa t44199 l44210 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t44199 l44211 ls5039" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t44212 l3 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t44212 l44213 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44212 l44214 ls1772" xmlns="http://www.w3.org/1999/xhtml">acquisition </span><span class="pp-class-382 pa t44212 l16343 ls1244" xmlns="http://www.w3.org/1999/xhtml">date. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44215 l3 ls858" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-382 pa t44215 l16631 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44215 l44216 ls1244" xmlns="http://www.w3.org/1999/xhtml">investments </span><span class="pp-class-382 pa t44215 l44217 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44215 l44218 ls803" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-382 pa t44215 l44219 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44215 l44220 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44215 l44221 ls11245" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-382 pa t44215 l44222 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44215 l44223 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t44215 l44224 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44215 l44225 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44215 l44226 ls2088" xmlns="http://www.w3.org/1999/xhtml">consolidated </span><span class="pp-class-382 pa t44215 l44227 ls1323" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t44228 l3 ls1244" xmlns="http://www.w3.org/1999/xhtml">statements </span><span class="pp-class-382 pa t44228 l43674 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t44228 l44229 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44228 l8977 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44228 l44230 ls8853" xmlns="http://www.w3.org/1999/xhtml">proportionate </span><span class="pp-class-382 pa t44228 l44231 ls2784" xmlns="http://www.w3.org/1999/xhtml">share </span><span class="pp-class-382 pa t44228 l31114 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t44228 l44232 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44228 l44233 ls11245" xmlns="http://www.w3.org/1999/xhtml">associate’s </span><span class="pp-class-382 pa t44228 l44234 ls302" xmlns="http://www.w3.org/1999/xhtml">/ </span><span class="pp-class-382 pa t44228 l44235 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44228 l44236 ls3123" xmlns="http://www.w3.org/1999/xhtml">venture’s </span><span class="pp-class-382 pa t44228 l44237 ls830" xmlns="http://www.w3.org/1999/xhtml">net </span><span class="pp-class-382 pa t44228 l44238 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t44228 l44239 ls2760" xmlns="http://www.w3.org/1999/xhtml">value. </span><span class="pp-class-382 pa t44228 l44240 ls2113" xmlns="http://www.w3.org/1999/xhtml">Unrealised </span><span class="pp-class-382 pa t44241 l3 ls2784" xmlns="http://www.w3.org/1999/xhtml">intercompany </span><span class="pp-class-382 pa t44241 l44242 ls1759" xmlns="http://www.w3.org/1999/xhtml">gains </span><span class="pp-class-382 pa t44241 l44243 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44241 l6151 ls2486" xmlns="http://www.w3.org/1999/xhtml">losses </span><span class="pp-class-382 pa t44241 l44244 ls1243" xmlns="http://www.w3.org/1999/xhtml">from </span><span class="pp-class-382 pa t44241 l44245 ls3623" xmlns="http://www.w3.org/1999/xhtml">transactions </span><span class="pp-class-382 pa t44241 l44246 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t44241 l44247 ls803" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-382 pa t44241 l44248 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44241 l44249 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44241 l44250 ls11245" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-382 pa t44241 l44251 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44241 l44252 ls803" xmlns="http://www.w3.org/1999/xhtml">eliminated </span><span class="pp-class-382 pa t44241 l44253 ls2784" xmlns="http://www.w3.org/1999/xhtml">by </span><span class="pp-class-382 pa t44241 l44254 ls302" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44255 l3 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44255 l44256 ls2784" xmlns="http://www.w3.org/1999/xhtml">interest </span><span class="pp-class-382 pa t44255 l44257 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44255 l44258 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44255 l20010 ls2531" xmlns="http://www.w3.org/1999/xhtml">respective </span><span class="pp-class-382 pa t44255 l34023 ls2944" xmlns="http://www.w3.org/1999/xhtml">associate/jointly </span><span class="pp-class-382 pa t44255 l44259 ls2854" xmlns="http://www.w3.org/1999/xhtml">controlled </span><span class="pp-class-382 pa t44255 l44260 ls688" xmlns="http://www.w3.org/1999/xhtml">enterprise.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t44261 l3 ls4275">Non-controlling </span><span class="pp-class-383 pa t44261 l29876 ls5039">interests</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44262 l3 ls1080">In </span><span class="pp-class-382 pa t44262 l43891 ls858">the </span><span class="pp-class-382 pa t44262 l43987 ls2088">consolidated </span><span class="pp-class-382 pa t44262 l28452 ls1073">financial </span><span class="pp-class-382 pa t44262 l34285 ls2854">statements, </span><span class="pp-class-382 pa t44262 l44263 ls858">the </span><span class="pp-class-382 pa t44262 l44264 ls819">individual </span><span class="pp-class-382 pa t44262 l44265 ls1073">financial </span><span class="pp-class-382 pa t44262 l44266 ls1323">line </span><span class="pp-class-382 pa t44262 l44267 ls1118">items </span><span class="pp-class-382 pa t44262 l44268 ls103">of </span><span class="pp-class-382 pa t44262 l44269 ls830">subsidiaries </span><span class="pp-class-382 pa t44262 l44270 ls800">are </span><span class="pp-class-382 pa t44262 l44271 ls2970">recognised </span><span class="pp-class-382 pa t44262 l44272 ls278">in </span><span class="pp-class-382 pa t44273 l3 ls1759">full. </span><span class="pp-class-382 pa t44273 l44274 ls858">The </span><span class="pp-class-382 pa t44273 l44275 ls2113">non-controlling </span><span class="pp-class-382 pa t44273 l44276 ls1150">interests’ </span><span class="pp-class-382 pa t44273 l44277 ls2784">share </span><span class="pp-class-382 pa t44273 l44278 ls103">of </span><span class="pp-class-382 pa t44273 l44279 ls858">the </span><span class="pp-class-382 pa t44273 l36462 ls2688">results </span><span class="pp-class-382 pa t44273 l44280 ls3278">for </span><span class="pp-class-382 pa t44273 l44281 ls1099">the </span><span class="pp-class-382 pa t44273 l44282 ls960">year </span><span class="pp-class-382 pa t44273 l44283 ls858">and </span><span class="pp-class-382 pa t44273 l44284 ls103">of </span><span class="pp-class-382 pa t44273 l44285 ls858">the </span><span class="pp-class-382 pa t44273 l44286 ls2486">equity </span><span class="pp-class-382 pa t44273 l44287 ls103">of </span><span class="pp-class-382 pa t44273 l44288 ls830">subsidiaries </span><span class="pp-class-382 pa t44273 l44289 ls1759">which </span><span class="pp-class-382 pa t44273 l44290 ls2970">are </span><span class="pp-class-382 pa t44291 l3 ls830">not </span><span class="pp-class-382 pa t44291 l1142 ls2149">wholly </span><span class="pp-class-382 pa t44291 l44292 ls2142">owned </span><span class="pp-class-382 pa t44291 l44293 ls800">are </span><span class="pp-class-382 pa t44291 l44294 ls238">included </span><span class="pp-class-382 pa t44291 l44295 ls1080">in </span><span class="pp-class-382 pa t44291 l44296 ls858">the </span><span class="pp-class-382 pa t44291 l44297 ls1015">Group’s </span><span class="pp-class-382 pa t44291 l44298 ls2688">results </span><span class="pp-class-382 pa t44291 l44299 ls858">and </span><span class="pp-class-382 pa t44291 l44300 ls1057">equity, </span><span class="pp-class-382 pa t44291 l44301 ls3539">respectively, </span><span class="pp-class-382 pa t44291 l44302 ls1099">but </span><span class="pp-class-382 pa t44291 l44303 ls800">are </span><span class="pp-class-382 pa t44291 l44304 ls852">presented </span><span class="pp-class-382 pa t44291 l44305 ls1015">separately </span><span class="pp-class-382 pa t44291 l44306 ls278">in </span><span class="pp-class-382 pa t44307 l3 ls858">the </span><span class="pp-class-382 pa t44307 l43824 ls8853">proposed </span><span class="pp-class-382 pa t44307 l44308 ls1974">profit </span><span class="pp-class-382 pa t44307 l33863 ls852">appropriation </span><span class="pp-class-382 pa t44307 l44309 ls858">and </span><span class="pp-class-382 pa t44307 l44310 ls858">the </span><span class="pp-class-382 pa t44307 l44311 ls1150">statement </span><span class="pp-class-382 pa t44307 l44312 ls103">of </span><span class="pp-class-382 pa t44307 l39081 ls2486">change </span><span class="pp-class-382 pa t44307 l44313 ls1080">in </span><span class="pp-class-382 pa t44307 l44314 ls2147">equity.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t44315 l3 ls1057">Translation </span><span class="pp-class-383 pa t44315 l44316 ls1080">of </span><span class="pp-class-383 pa t44315 l44317 ls3477">foreign </span><span class="pp-class-383 pa t44315 l44318 ls53">currencies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44319 l3 ls1271">Functional </span><span class="pp-class-382 pa t44319 l44320 ls858">and </span><span class="pp-class-382 pa t44319 l44321 ls1194">presentation </span><span class="pp-class-382 pa t44319 l44322 ls2145">currency</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44323 l3 ls1118">Items </span><span class="pp-class-382 pa t44323 l44324 ls238">included </span><span class="pp-class-382 pa t44323 l44325 ls1080">in </span><span class="pp-class-382 pa t44323 l44326 ls1099">the </span><span class="pp-class-382 pa t44323 l44327 ls1073">financial </span><span class="pp-class-382 pa t44323 l44328 ls1244">statements </span><span class="pp-class-382 pa t44323 l44329 ls103">of </span><span class="pp-class-382 pa t44323 l44330 ls1772">each </span><span class="pp-class-382 pa t44323 l44331 ls103">of </span><span class="pp-class-382 pa t44323 l44332 ls1099">the </span><span class="pp-class-382 pa t44323 l44333 ls1015">Group’s </span><span class="pp-class-382 pa t44323 l44334 ls1701">enterprises </span><span class="pp-class-382 pa t44323 l44335 ls800">are </span><span class="pp-class-382 pa t44323 l44336 ls8853">measured </span><span class="pp-class-382 pa t44323 l44337 ls1759">using </span><span class="pp-class-382 pa t44323 l44338 ls302">the </span><span class="pp-class-382 pa t44339 l3 ls1271">functional </span><span class="pp-class-382 pa t44339 l18495 ls3377">currency </span><span class="pp-class-382 pa t44339 l44340 ls103">of </span><span class="pp-class-382 pa t44339 l44341 ls858">the </span><span class="pp-class-382 pa t44339 l44342 ls3572">primary </span><span class="pp-class-382 pa t44339 l44343 ls2694">economic </span><span class="pp-class-382 pa t44339 l44344 ls1974">environment </span><span class="pp-class-382 pa t44339 l44345 ls1080">in </span><span class="pp-class-382 pa t44339 l44346 ls1759">which </span><span class="pp-class-382 pa t44339 l44347 ls858">the </span><span class="pp-class-382 pa t44339 l44348 ls1701">enterprise </span><span class="pp-class-382 pa t44339 l44349 ls3377">operates. </span><span class="pp-class-382 pa t44339 l44350 ls1099">The </span><span class="pp-class-382 pa t44339 l44351 ls2489">consolidated </span><span class="pp-class-382 pa t44352 l3 ls1073">financial </span><span class="pp-class-382 pa t44352 l4513 ls1244">statements </span><span class="pp-class-382 pa t44352 l44353 ls800">are </span><span class="pp-class-382 pa t44352 l44354 ls852">presented </span><span class="pp-class-382 pa t44352 l44355 ls1080">in </span><span class="pp-class-382 pa t44352 l44356 ls2486">Danish </span><span class="pp-class-382 pa t44352 l44357 ls1083">Kroner </span><span class="pp-class-382 pa t44352 l44358 ls1759">(DKK).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44359 l3 ls12399">Translation </span><span class="pp-class-382 pa t44359 l44360 ls103">of </span><span class="pp-class-382 pa t44359 l44361 ls3623">transactions </span><span class="pp-class-382 pa t44359 l44362 ls858">and </span><span class="pp-class-382 pa t44359 l44363 ls1237">balances</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44364 l3 ls1080">On </span><span class="pp-class-382 pa t44364 l43809 ls1237">initial </span><span class="pp-class-382 pa t44364 l44365 ls3105">recognition, </span><span class="pp-class-382 pa t44364 l9130 ls1463">foreign </span><span class="pp-class-382 pa t44364 l44366 ls3377">currency </span><span class="pp-class-382 pa t44364 l44367 ls3623">transactions </span><span class="pp-class-382 pa t44364 l44368 ls800">are </span><span class="pp-class-382 pa t44364 l44369 ls2688">translated </span><span class="pp-class-382 pa t44364 l44370 ls3474">into </span><span class="pp-class-382 pa t44364 l44371 ls1099">the </span><span class="pp-class-382 pa t44364 l44372 ls1271">functional </span><span class="pp-class-382 pa t44364 l44373 ls3377">currency </span><span class="pp-class-382 pa t44364 l44374 ls1759">using </span><span class="pp-class-382 pa t44364 l44375 ls302">the </span><span class="pp-class-382 pa t44376 l3 ls3435">exchange </span><span class="pp-class-382 pa t44376 l14877 ls3216">rate </span><span class="pp-class-382 pa t44376 l44377 ls3435">prevailing </span><span class="pp-class-382 pa t44376 l44378 ls1083">at </span><span class="pp-class-382 pa t44376 l44379 ls858">the </span><span class="pp-class-382 pa t44376 l44380 ls852">date </span><span class="pp-class-382 pa t44376 l44381 ls103">of </span><span class="pp-class-382 pa t44376 l44382 ls3623">transaction. </span><span class="pp-class-382 pa t44376 l44383 ls3377">Currency </span><span class="pp-class-382 pa t44376 l44384 ls1759">gains </span><span class="pp-class-382 pa t44376 l44385 ls1099">and </span><span class="pp-class-382 pa t44376 l44386 ls2486">losses </span><span class="pp-class-382 pa t44376 l44387 ls2944">resulting </span><span class="pp-class-382 pa t44376 l44388 ls1243">from </span><span class="pp-class-382 pa t44376 l44389 ls1099">the </span><span class="pp-class-382 pa t44376 l44390 ls2970">settlement </span><span class="pp-class-382 pa t44376 l44391 ls134">of </span><span class="pp-class-382 pa t44392 l3 ls1759">these </span><span class="pp-class-382 pa t44392 l44040 ls3623">transactions </span><span class="pp-class-382 pa t44392 l44393 ls1080">as </span><span class="pp-class-382 pa t44392 l44394 ls960">well </span><span class="pp-class-382 pa t44392 l1602 ls1080">as </span><span class="pp-class-382 pa t44392 l17527 ls1243">from </span><span class="pp-class-382 pa t44392 l44395 ls858">the </span><span class="pp-class-382 pa t44392 l44396 ls2944">translation </span><span class="pp-class-382 pa t44392 l44397 ls1083">at </span><span class="pp-class-382 pa t44392 l44398 ls2760">year-end </span><span class="pp-class-382 pa t44392 l44399 ls3435">exchange </span><span class="pp-class-382 pa t44392 l44400 ls2769">rates </span><span class="pp-class-382 pa t44392 l44401 ls103">of </span><span class="pp-class-382 pa t44392 l44402 ls2694">monetary </span><span class="pp-class-382 pa t44392 l44403 ls238">assets </span><span class="pp-class-382 pa t44392 l44404 ls302">and </span><span class="pp-class-382 pa t44405 l3 ls1118">liabilities </span><span class="pp-class-382 pa t44405 l44406 ls728">denominated </span><span class="pp-class-382 pa t44405 l44407 ls1080">in </span><span class="pp-class-382 pa t44405 l44408 ls1463">foreign </span><span class="pp-class-382 pa t44405 l44409 ls2970">currencies </span><span class="pp-class-382 pa t44405 l44410 ls800">are </span><span class="pp-class-382 pa t44405 l44411 ls2970">recognised </span><span class="pp-class-382 pa t44405 l44412 ls1080">in </span><span class="pp-class-382 pa t44405 l44413 ls858">the </span><span class="pp-class-382 pa t44405 l44414 ls2486">income </span><span class="pp-class-382 pa t44405 l44415 ls1150">statement </span><span class="pp-class-382 pa t44405 l44416 ls1080">as </span><span class="pp-class-382 pa t44405 l43884 ls1073">financial </span><span class="pp-class-382 pa t44405 l44417 ls2486">income </span><span class="pp-class-382 pa t44405 l44418 ls278">or </span><span class="pp-class-382 pa t44419 l3 ls1323">cost </span><span class="pp-class-382 pa t44419 l44420 ls3382">except </span><span class="pp-class-382 pa t44419 l44421 ls1323">when </span><span class="pp-class-382 pa t44419 l44422 ls828">deferred </span><span class="pp-class-382 pa t44419 l30057 ls1080">in </span><span class="pp-class-382 pa t44419 l44423 ls2486">equity </span><span class="pp-class-382 pa t44419 l44424 ls1080">as </span><span class="pp-class-382 pa t44419 l44425 ls1759">qualifying </span><span class="pp-class-382 pa t44419 l44426 ls3278">for </span><span class="pp-class-382 pa t44419 l44427 ls1323">cash </span><span class="pp-class-382 pa t44419 l44428 ls960">flow </span><span class="pp-class-382 pa t44419 l44429 ls2486">hedges.</span></p></div></div><div id="pp-id-5035" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h44430 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30568 l3 ls3377">Currency </span><span class="pp-class-382 pa t30568 l44431 ls1759">gains </span><span class="pp-class-382 pa t30568 l44432 ls858">and </span><span class="pp-class-382 pa t30568 l19048 ls2486">losses </span><span class="pp-class-382 pa t30568 l44433 ls1080">on </span><span class="pp-class-382 pa t30568 l44434 ls1077">non-monetary </span><span class="pp-class-382 pa t30568 l44435 ls1118">items </span><span class="pp-class-382 pa t30568 l44436 ls2970">recognised </span><span class="pp-class-382 pa t30568 l44437 ls1083">at </span><span class="pp-class-382 pa t30568 l44438 ls3278">fair </span><span class="pp-class-382 pa t30568 l44439 ls2760">value, </span><span class="pp-class-382 pa t30568 l44440 ls1323">such </span><span class="pp-class-382 pa t30568 l25969 ls1080">as </span><span class="pp-class-382 pa t30568 l44441 ls819">securities </span><span class="pp-class-382 pa t30568 l44442 ls8853">measured </span><span class="pp-class-382 pa t30568 l44443 ls1073">at </span><span class="pp-class-382 pa t30575 l3 ls1772">Fair </span><span class="pp-class-382 pa t30575 l44444 ls3230">Value </span><span class="pp-class-382 pa t30575 l44445 ls1150">Through </span><span class="pp-class-382 pa t30575 l34271 ls1974">Profit </span><span class="pp-class-382 pa t30575 l29812 ls858">and </span><span class="pp-class-382 pa t30575 l27879 ls1323">Loss </span><span class="pp-class-382 pa t30575 l17619 ls99">(FVTPL), </span><span class="pp-class-382 pa t30575 l14675 ls800">are </span><span class="pp-class-382 pa t30575 l44446 ls2970">recognised </span><span class="pp-class-382 pa t30575 l44447 ls1080">in </span><span class="pp-class-382 pa t30575 l44448 ls1099">the </span><span class="pp-class-382 pa t30575 l44449 ls1323">same </span><span class="pp-class-382 pa t30575 l44450 ls1323">line </span><span class="pp-class-382 pa t30575 l44451 ls1073">item </span><span class="pp-class-382 pa t30575 l44452 ls1080">as </span><span class="pp-class-382 pa t30575 l44453 ls1099">the </span><span class="pp-class-382 pa t30575 l44454 ls3278">fair </span><span class="pp-class-382 pa t30575 l44455 ls1083">value </span><span class="pp-class-382 pa t30575 l44456 ls1323">gain </span><span class="pp-class-382 pa t30575 l44457 ls1080">or </span><span class="pp-class-382 pa t30575 l44458 ls1323">loss.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30588 l3 ls1101">Non-current </span><span class="pp-class-382 pa t30588 l44459 ls238">assets </span><span class="pp-class-382 pa t30588 l44460 ls1316">acquired </span><span class="pp-class-382 pa t30588 l313 ls1080">in </span><span class="pp-class-382 pa t30588 l44461 ls1463">foreign </span><span class="pp-class-382 pa t30588 l30970 ls3377">currency </span><span class="pp-class-382 pa t30588 l44462 ls800">are </span><span class="pp-class-382 pa t30588 l44463 ls2688">translated </span><span class="pp-class-382 pa t30588 l20653 ls1083">at </span><span class="pp-class-382 pa t30588 l44464 ls1099">the </span><span class="pp-class-382 pa t30588 l44465 ls3435">exchange </span><span class="pp-class-382 pa t30588 l44466 ls3216">rate </span><span class="pp-class-382 pa t30588 l44467 ls3435">prevailing </span><span class="pp-class-382 pa t30588 l44468 ls1083">at </span><span class="pp-class-382 pa t30588 l44469 ls1099">the </span><span class="pp-class-382 pa t30588 l44470 ls852">date </span><span class="pp-class-382 pa t30588 l44471 ls134">of </span><span class="pp-class-382 pa t30593 l3 ls1772">acquisition. </span><span class="pp-class-382 pa t30593 l44472 ls1759">Gains </span><span class="pp-class-382 pa t30593 l44473 ls858">and </span><span class="pp-class-382 pa t30593 l44474 ls2486">losses </span><span class="pp-class-382 pa t30593 l44475 ls1080">on </span><span class="pp-class-382 pa t30593 l44476 ls2486">hedges </span><span class="pp-class-382 pa t30593 l44477 ls2531">relating </span><span class="pp-class-382 pa t30593 l44478 ls1759">to </span><span class="pp-class-382 pa t30593 l44479 ls858">the </span><span class="pp-class-382 pa t30593 l44480 ls1772">acquisition </span><span class="pp-class-382 pa t30593 l44481 ls103">of </span><span class="pp-class-382 pa t30593 l44482 ls1101">non-current </span><span class="pp-class-382 pa t30593 l44483 ls238">assets </span><span class="pp-class-382 pa t30593 l20455 ls800">are </span><span class="pp-class-382 pa t30593 l44484 ls2970">recognised </span><span class="pp-class-382 pa t30593 l44485 ls278">as </span><span class="pp-class-382 pa t30606 l3 ls658">part </span><span class="pp-class-382 pa t30606 l6838 ls103">of </span><span class="pp-class-382 pa t30606 l44486 ls858">the </span><span class="pp-class-382 pa t30606 l44487 ls1083">value </span><span class="pp-class-382 pa t30606 l34507 ls103">of </span><span class="pp-class-382 pa t30606 l44488 ls858">the </span><span class="pp-class-382 pa t30606 l44489 ls1101">non-current </span><span class="pp-class-382 pa t30606 l44490 ls296">asset </span><span class="pp-class-382 pa t30606 l44491 ls1083">at </span><span class="pp-class-382 pa t30606 l44492 ls858">its </span><span class="pp-class-382 pa t30606 l44493 ls1237">initial </span><span class="pp-class-382 pa t30606 l44494 ls2142">recognition.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30622 l3 ls12399">Translation </span><span class="pp-class-382 pa t30622 l44360 ls103">of </span><span class="pp-class-382 pa t30622 l44361 ls1118">subsidiaries</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30628 l3 ls1080">In </span><span class="pp-class-382 pa t30628 l43891 ls858">the </span><span class="pp-class-382 pa t30628 l43987 ls2088">consolidated </span><span class="pp-class-382 pa t30628 l28452 ls1073">financial </span><span class="pp-class-382 pa t30628 l34285 ls2854">statements, </span><span class="pp-class-382 pa t30628 l44263 ls858">the </span><span class="pp-class-382 pa t30628 l44264 ls2486">Income </span><span class="pp-class-382 pa t30628 l44495 ls1150">statement </span><span class="pp-class-382 pa t30628 l44496 ls1118">items </span><span class="pp-class-382 pa t30628 l44497 ls103">of </span><span class="pp-class-382 pa t30628 l44498 ls830">subsidiaries </span><span class="pp-class-382 pa t30628 l44499 ls1323">with </span><span class="pp-class-382 pa t30628 l44500 ls302">a </span><span class="pp-class-382 pa t30628 l44501 ls1305">functional </span><span class="pp-class-382 pa t30634 l3 ls3377">currency </span><span class="pp-class-382 pa t30634 l44502 ls4305">different </span><span class="pp-class-382 pa t30634 l44503 ls1243">from </span><span class="pp-class-382 pa t30634 l44504 ls858">DKK </span><span class="pp-class-382 pa t30634 l21758 ls800">are </span><span class="pp-class-382 pa t30634 l44505 ls2688">translated </span><span class="pp-class-382 pa t30634 l44506 ls1083">at </span><span class="pp-class-382 pa t30634 l44507 ls858">the </span><span class="pp-class-382 pa t30634 l44508 ls2796">average </span><span class="pp-class-382 pa t30634 l44509 ls3435">exchange </span><span class="pp-class-382 pa t30634 l44510 ls2588">rate, </span><span class="pp-class-382 pa t30634 l44511 ls1759">while </span><span class="pp-class-382 pa t30634 l44512 ls1099">the </span><span class="pp-class-382 pa t30634 l44513 ls1237">balance </span><span class="pp-class-382 pa t30634 l44514 ls296">sheet </span><span class="pp-class-382 pa t30634 l44515 ls1118">items </span><span class="pp-class-382 pa t30634 l44516 ls2970">are </span><span class="pp-class-382 pa t30807 l3 ls2688">translated </span><span class="pp-class-382 pa t30807 l44517 ls1083">at </span><span class="pp-class-382 pa t30807 l44518 ls858">the </span><span class="pp-class-382 pa t30807 l44519 ls3435">exchange </span><span class="pp-class-382 pa t30807 l44520 ls2769">rates </span><span class="pp-class-382 pa t30807 l44521 ls1083">at </span><span class="pp-class-382 pa t30807 l35555 ls1099">the </span><span class="pp-class-382 pa t30807 l44522 ls858">end </span><span class="pp-class-382 pa t30807 l44523 ls103">of </span><span class="pp-class-382 pa t30807 l44524 ls1099">the </span><span class="pp-class-382 pa t30807 l44525 ls53">reporting </span><span class="pp-class-382 pa t30807 l44526 ls2486">period.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30649 l3 ls1243">Foreign </span><span class="pp-class-382 pa t30649 l4290 ls3435">exchange </span><span class="pp-class-382 pa t30649 l16344 ls1868">differences </span><span class="pp-class-382 pa t30649 l44527 ls1237">arising </span><span class="pp-class-382 pa t30649 l32028 ls1080">on </span><span class="pp-class-382 pa t30649 l34291 ls2944">translation </span><span class="pp-class-382 pa t30649 l44528 ls103">of </span><span class="pp-class-382 pa t30649 l44529 ls1323">such </span><span class="pp-class-382 pa t30649 l44530 ls1118">subsidiaries’ </span><span class="pp-class-382 pa t30649 l44531 ls2486">equity </span><span class="pp-class-382 pa t30649 l44532 ls1083">at </span><span class="pp-class-382 pa t30649 l44533 ls1099">the </span><span class="pp-class-382 pa t30649 l44534 ls1073">beginning </span><span class="pp-class-382 pa t30649 l44535 ls103">of </span><span class="pp-class-382 pa t30649 l44536 ls302">the </span><span class="pp-class-382 pa t30655 l3 ls53">reporting </span><span class="pp-class-382 pa t30655 l17191 ls2486">period </span><span class="pp-class-382 pa t30655 l44537 ls1759">to </span><span class="pp-class-382 pa t30655 l31000 ls1099">the </span><span class="pp-class-382 pa t30655 l44538 ls3435">exchange </span><span class="pp-class-382 pa t30655 l44539 ls2769">rates </span><span class="pp-class-382 pa t30655 l44540 ls1083">at </span><span class="pp-class-382 pa t30655 l44541 ls858">the </span><span class="pp-class-382 pa t30655 l44542 ls858">end </span><span class="pp-class-382 pa t30655 l44543 ls103">of </span><span class="pp-class-382 pa t30655 l44544 ls858">the </span><span class="pp-class-382 pa t30655 l44545 ls53">reporting </span><span class="pp-class-382 pa t30655 l44546 ls2486">period </span><span class="pp-class-382 pa t30655 l44547 ls1099">and </span><span class="pp-class-382 pa t30655 l44548 ls1080">on </span><span class="pp-class-382 pa t30655 l44549 ls2944">translation </span><span class="pp-class-382 pa t30655 l44550 ls103">of </span><span class="pp-class-382 pa t30655 l44551 ls858">the </span><span class="pp-class-382 pa t30655 l44552 ls1110">Income </span><span class="pp-class-382 pa t387 l3 ls1244">statements </span><span class="pp-class-382 pa t387 l43674 ls1243">from </span><span class="pp-class-382 pa t387 l44553 ls2796">average </span><span class="pp-class-382 pa t387 l44554 ls3435">exchange </span><span class="pp-class-382 pa t387 l44555 ls2769">rates </span><span class="pp-class-382 pa t387 l44556 ls1759">to </span><span class="pp-class-382 pa t387 l40483 ls1099">the </span><span class="pp-class-382 pa t387 l32397 ls3435">exchange </span><span class="pp-class-382 pa t387 l44557 ls2769">rates </span><span class="pp-class-382 pa t387 l44558 ls1083">at </span><span class="pp-class-382 pa t387 l37399 ls858">the </span><span class="pp-class-382 pa t387 l44559 ls1099">end </span><span class="pp-class-382 pa t387 l44560 ls103">of </span><span class="pp-class-382 pa t387 l44561 ls1099">the </span><span class="pp-class-382 pa t387 l44562 ls53">reporting </span><span class="pp-class-382 pa t387 l44563 ls2486">period </span><span class="pp-class-382 pa t387 l44564 ls2970">are </span><span class="pp-class-382 pa t30670 l3 ls2970">recognised </span><span class="pp-class-382 pa t30670 l44565 ls1080">in </span><span class="pp-class-382 pa t30670 l44566 ls296">other </span><span class="pp-class-382 pa t30670 l44567 ls1974">comprehensive </span><span class="pp-class-382 pa t30670 l12646 ls2486">income </span><span class="pp-class-382 pa t30670 l44568 ls1099">and </span><span class="pp-class-382 pa t30670 l44569 ls3623">attributed </span><span class="pp-class-382 pa t30670 l44570 ls1759">to </span><span class="pp-class-382 pa t30670 l44571 ls302">a </span><span class="pp-class-382 pa t30670 l44572 ls2145">separate </span><span class="pp-class-382 pa t30670 l44573 ls2944">translation </span><span class="pp-class-382 pa t30670 l44574 ls2944">reserve </span><span class="pp-class-382 pa t30670 l44575 ls1759">under </span><span class="pp-class-382 pa t30670 l44576 ls1057">equity. </span><span class="pp-class-382 pa t30670 l44577 ls302">The </span><span class="pp-class-382 pa t30676 l3 ls3435">exchange </span><span class="pp-class-382 pa t30676 l14877 ls3216">rate </span><span class="pp-class-382 pa t30676 l44377 ls53">adjustment </span><span class="pp-class-382 pa t30676 l44578 ls1080">is </span><span class="pp-class-382 pa t30676 l44579 ls3105">allocated </span><span class="pp-class-382 pa t30676 l44580 ls1244">between </span><span class="pp-class-382 pa t30676 l44581 ls858">the </span><span class="pp-class-382 pa t30676 l44582 ls7096">Parent </span><span class="pp-class-382 pa t30676 l44583 ls2944">company’s </span><span class="pp-class-382 pa t30676 l44584 ls1099">and </span><span class="pp-class-382 pa t30676 l44585 ls858">the </span><span class="pp-class-382 pa t30676 l44586 ls2113">non-controlling </span><span class="pp-class-382 pa t30676 l44587 ls1150">interests’ </span><span class="pp-class-382 pa t30676 l44588 ls728">share </span><span class="pp-class-382 pa t30682 l3 ls103">of </span><span class="pp-class-382 pa t30682 l29517 ls2147">equity.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-384 pa t44589 l3 ls502">Report </span><span class="pp-class-384 pa t44589 l44590">under </span><span class="pp-class-384 pa t44589 l14800">the </span><span class="pp-class-384 pa t44589 l44591">ESEF </span><span class="pp-class-384 pa t44589 l44592 ls319">regulation</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t44593 l3 ls858">The </span><span class="pp-class-382 pa t44593 l16631 ls819">Commission </span><span class="pp-class-382 pa t44593 l44594 ls3105">Delegated </span><span class="pp-class-382 pa t44593 l44595 ls688">Regulation </span><span class="pp-class-382 pa t44593 l44596 ls1323">(EU) </span><span class="pp-class-382 pa t44593 l29556 ls2694">2019/815 </span><span class="pp-class-382 pa t44593 l44597 ls1080">on </span><span class="pp-class-382 pa t44593 l44598 ls858">the </span><span class="pp-class-382 pa t44593 l44599 ls8853">European </span><span class="pp-class-382 pa t44593 l44600 ls2486">Single </span><span class="pp-class-382 pa t44593 l44601 ls2127">Electronic </span><span class="pp-class-382 pa t44593 l44602 ls1974">Format </span><span class="pp-class-382 pa t44593 l44603 ls1080">(ESEF </span><span class="pp-class-382 pa t44604 l3 ls688">Regulation) </span><span class="pp-class-382 pa t44604 l44605 ls858">has </span><span class="pp-class-382 pa t44604 l44606 ls2854">introduced </span><span class="pp-class-382 pa t44604 l44607 ls302">a </span><span class="pp-class-382 pa t44604 l44608 ls2486">single </span><span class="pp-class-382 pa t44604 l44609 ls2127">electronic </span><span class="pp-class-382 pa t44604 l24352 ls53">reporting </span><span class="pp-class-382 pa t44604 l44610 ls3623">format </span><span class="pp-class-382 pa t44604 l44611 ls3278">for </span><span class="pp-class-382 pa t44604 l44612 ls1099">the </span><span class="pp-class-382 pa t44604 l44613 ls2486">annual </span><span class="pp-class-382 pa t44604 l44614 ls1073">financial </span><span class="pp-class-382 pa t44604 l44615 ls1859">reports </span><span class="pp-class-382 pa t44604 l44616 ls103">of </span><span class="pp-class-382 pa t44604 l44617 ls1237">issuers </span><span class="pp-class-382 pa t44604 l44618 ls1955">with </span><span class="pp-class-382 pa t44619 l3 ls819">securities </span><span class="pp-class-382 pa t44619 l26719 ls1319">listed </span><span class="pp-class-382 pa t44619 l44620 ls1080">on </span><span class="pp-class-382 pa t44619 l44621 ls858">the </span><span class="pp-class-382 pa t44619 l44622 ls1080">EU </span><span class="pp-class-382 pa t44619 l1239 ls3377">regulated </span><span class="pp-class-382 pa t44619 l44623 ls1150">markets. </span><span class="pp-class-382 pa t44619 l44624 ls1099">The </span><span class="pp-class-382 pa t44619 l44625 ls1015">Group’s </span><span class="pp-class-382 pa t44619 l44626 ls203">iXBRL </span><span class="pp-class-382 pa t44619 l44627 ls728">tags </span><span class="pp-class-382 pa t44619 l44628 ls185">have </span><span class="pp-class-382 pa t44619 l44629 ls1323">been </span><span class="pp-class-382 pa t44619 l44630 ls3435">prepared </span><span class="pp-class-382 pa t44619 l44631 ls1080">in </span><span class="pp-class-382 pa t44619 l44632 ls852">accordance </span><span class="pp-class-382 pa t44619 l44633 ls1955">with </span><span class="pp-class-382 pa t44634 l3 ls858">the </span><span class="pp-class-382 pa t44634 l43824 ls1323">ESEF </span><span class="pp-class-382 pa t44634 l44635 ls2805">taxonomy, </span><span class="pp-class-382 pa t44634 l44636 ls1759">which </span><span class="pp-class-382 pa t44634 l44637 ls1080">is </span><span class="pp-class-382 pa t44634 l44638 ls238">included </span><span class="pp-class-382 pa t44634 l44639 ls1080">in </span><span class="pp-class-382 pa t44634 l44640 ls858">the </span><span class="pp-class-382 pa t44634 l44641 ls1323">ESEF </span><span class="pp-class-382 pa t44634 l44642 ls688">Regulation </span><span class="pp-class-382 pa t44634 l44643 ls1099">and </span><span class="pp-class-382 pa t44634 l44644 ls6007">developed </span><span class="pp-class-382 pa t44634 l44645 ls1759">based </span><span class="pp-class-382 pa t44634 l44646 ls1080">on </span><span class="pp-class-382 pa t44634 l44647 ls858">the </span><span class="pp-class-382 pa t44634 l44648 ls187">IFRS </span><span class="pp-class-382 pa t44634 l44649 ls1974">taxonomy </span><span class="pp-class-382 pa t44650 l3 ls1073">published </span><span class="pp-class-382 pa t44650 l44651 ls2784">by </span><span class="pp-class-382 pa t44650 l44652 ls858">the </span><span class="pp-class-382 pa t44650 l44653 ls187">IFRS </span><span class="pp-class-382 pa t44650 l44654 ls6360">Foundation. </span><span class="pp-class-382 pa t44650 l26008 ls858">The </span><span class="pp-class-382 pa t44650 l44655 ls2486">Annual </span><span class="pp-class-382 pa t44650 l44656 ls1080">Report </span><span class="pp-class-382 pa t44650 l44657 ls803">submitted </span><span class="pp-class-382 pa t44650 l44658 ls1759">to </span><span class="pp-class-382 pa t44650 l44659 ls858">the </span><span class="pp-class-382 pa t44650 l44660 ls2486">Danish </span><span class="pp-class-382 pa t44650 l44661 ls1073">Financial </span><span class="pp-class-382 pa t44650 l44662 ls1110">Supervisory </span><span class="pp-class-382 pa t44650 l44663 ls3474">Authority </span><span class="pp-class-382 pa t44664 l3 ls1323">(the </span><span class="pp-class-382 pa t44664 l44665 ls1083">Officially </span><span class="pp-class-382 pa t44664 l44666 ls4275">Appointed </span><span class="pp-class-382 pa t44664 l44667 ls819">Mechanism) </span><span class="pp-class-382 pa t44664 l44668 ls2694">consists </span><span class="pp-class-382 pa t44664 l44669 ls103">of </span><span class="pp-class-382 pa t44664 l44670 ls1099">the </span><span class="pp-class-382 pa t44664 l44671 ls1759">XHTML </span><span class="pp-class-382 pa t44664 l44672 ls830">document </span><span class="pp-class-382 pa t44664 l20988 ls3278">together </span><span class="pp-class-382 pa t44664 l44673 ls1323">with </span><span class="pp-class-382 pa t44664 l44674 ls1099">the </span><span class="pp-class-382 pa t44664 l44675 ls296">technical </span><span class="pp-class-382 pa t44664 l44676 ls2486">files, </span><span class="pp-class-382 pa t44664 l44677 ls1099">all </span><span class="pp-class-382 pa t44664 l44678 ls134">of </span><span class="pp-class-382 pa t44679 l3 ls1759">which </span><span class="pp-class-382 pa t44679 l44680 ls800">are </span><span class="pp-class-382 pa t44679 l24746 ls238">included </span><span class="pp-class-382 pa t44679 l44681 ls1080">in </span><span class="pp-class-382 pa t44679 l44682 ls858">the </span><span class="pp-class-382 pa t44679 l44683 ls858">ZIP </span><span class="pp-class-382 pa t44679 l44684 ls1323">file </span><span class="pp-class-382 pa t44679 l44685 ls3166">DFDS-2024-12-31-en.zip. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-384 pa t44686 l3 ls5486">Key </span><span class="pp-class-384 pa t44686 l5487 ls105">figures</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t44687 l3 ls1736">Key </span><span class="pp-class-382 pa t44687 l44688 ls2787">figures </span><span class="pp-class-382 pa t44687 l44689 ls3458">are </span><span class="pp-class-382 pa t44687 l44690 ls1150">calculated </span><span class="pp-class-382 pa t44687 l44691 ls1309">in </span><span class="pp-class-382 pa t44687 l44692 ls2760">accordance </span><span class="pp-class-382 pa t44687 l44693 ls1237">with </span><span class="pp-class-382 pa t44687 l44694 ls866">the </span><span class="pp-class-382 pa t44687 l44695 ls3623">latest </span><span class="pp-class-382 pa t44687 l44696 ls1244">version </span><span class="pp-class-382 pa t44687 l44697 ls1257">of </span><span class="pp-class-382 pa t44687 l44698 ls866">the </span><span class="pp-class-382 pa t44687 l44699 ls296">Danish </span><span class="pp-class-382 pa t44687 l44700 ls3474">Finance </span><span class="pp-class-382 pa t44687 l44701 ls2760">Society’s </span><span class="pp-class-382 pa t44687 l44702 ls1118">guidelines, </span><span class="pp-class-382 pa t44703 l3 ls6360">‘Recommendations </span><span class="pp-class-382 pa t44703 l43651 ls866">and </span><span class="pp-class-382 pa t44703 l44704 ls1818">Financial </span><span class="pp-class-382 pa t44703 l44705 ls5069">Ratios’ </span><span class="pp-class-382 pa t44703 l44706 ls296">unless </span><span class="pp-class-382 pa t44703 l44707 ls19370">separately </span><span class="pp-class-382 pa t44703 l44708 ls2760">stated </span><span class="pp-class-382 pa t44703 l44709 ls1118">under </span><span class="pp-class-382 pa t44703 l44710 ls1772">'Financial </span><span class="pp-class-382 pa t44703 l44711 ls53">definitions'. </span><span class="pp-class-382 pa t44703 l44712 ls866">The </span><span class="pp-class-382 pa t44703 l44713 ls3241">key </span><span class="pp-class-382 pa t44703 l44714 ls2970">figures </span><span class="pp-class-382 pa t44715 l3 ls2760">stated </span><span class="pp-class-382 pa t44715 l44716 ls1309">in </span><span class="pp-class-382 pa t44715 l44717 ls866">the </span><span class="pp-class-382 pa t44715 l44718 ls7096">overview </span><span class="pp-class-382 pa t44715 l44719 ls1237">with </span><span class="pp-class-382 pa t44715 l44720 ls1244">consolidated </span><span class="pp-class-382 pa t44715 l44721 ls1818">financial </span><span class="pp-class-382 pa t44715 l44722 ls53">highlights </span><span class="pp-class-382 pa t44715 l44723 ls3458">are </span><span class="pp-class-382 pa t44715 l44724 ls4275">defined </span><span class="pp-class-382 pa t44715 l44725 ls1309">on </span><span class="pp-class-382 pa t44715 l44726 ls866">the </span><span class="pp-class-382 pa t44715 l44727 ls1772">‘Financial </span><span class="pp-class-382 pa t44715 l44728 ls1321">definitions’ </span><span class="pp-class-382 pa t44715 l44729 ls1101">page </span><span class="pp-class-382 pa t44715 l44730 ls8569">236</span><span class="pp-class-382 pa t44715 l44731">.</span></p></div></div> DFDS A/S DFDS A/S A/S <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30634 l3 ls1759">Basis </span><span class="pp-class-383 pa t30634 l34198 ls1080">of </span><span class="pp-class-383 pa t30634 l43759 ls1271">reporting</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30807 l3 ls858">The </span><span class="pp-class-382 pa t30807 l16631 ls1150">2024 </span><span class="pp-class-382 pa t30807 l41662 ls2088">consolidated </span><span class="pp-class-382 pa t30807 l43760 ls1073">financial </span><span class="pp-class-382 pa t30807 l16205 ls1244">statements </span><span class="pp-class-382 pa t30807 l14851 ls1099">and </span><span class="pp-class-382 pa t30807 l43761 ls7096">Parent </span><span class="pp-class-382 pa t30807 l43762 ls2489">company </span><span class="pp-class-382 pa t30807 l43763 ls1073">financial </span><span class="pp-class-382 pa t30807 l43764 ls1244">statements </span><span class="pp-class-382 pa t30807 l43765 ls103">of </span><span class="pp-class-382 pa t30807 l43766 ls1323">DFDS </span><span class="pp-class-382 pa t30807 l43767 ls1868">A/S </span><span class="pp-class-382 pa t30807 l43768 ls3377">have </span><span class="pp-class-382 pa t30644 l3 ls1323">been </span><span class="pp-class-382 pa t30644 l43769 ls3435">prepared </span><span class="pp-class-382 pa t30644 l43770 ls1080">on </span><span class="pp-class-382 pa t30644 l43771 ls302">a </span><span class="pp-class-382 pa t30644 l43772 ls1759">going </span><span class="pp-class-382 pa t30644 l43773 ls1237">concern </span><span class="pp-class-382 pa t30644 l30992 ls1759">basis </span><span class="pp-class-382 pa t30644 l20316 ls858">and </span><span class="pp-class-382 pa t30644 l43774 ls1080">in </span><span class="pp-class-382 pa t30644 l43775 ls852">accordance </span><span class="pp-class-382 pa t30644 l43776 ls1323">with </span><span class="pp-class-382 pa t30644 l43777 ls1099">the </span><span class="pp-class-382 pa t30644 l43778 ls187">IFRS </span><span class="pp-class-382 pa t30644 l43779 ls688">Accounting </span><span class="pp-class-382 pa t30644 l43780 ls2127">Standards </span><span class="pp-class-382 pa t30644 l43781 ls1080">as </span><span class="pp-class-382 pa t30644 l43782 ls3278">adopted </span><span class="pp-class-382 pa t30649 l3 ls2784">by </span><span class="pp-class-382 pa t30649 l43783 ls858">the </span><span class="pp-class-382 pa t30649 l43784 ls1868">EU, </span><span class="pp-class-382 pa t30649 l43785 ls858">and </span><span class="pp-class-382 pa t30649 l43786 ls1772">additional </span><span class="pp-class-382 pa t30649 l43787 ls2486">Danish </span><span class="pp-class-382 pa t30649 l43788 ls2970">disclosure </span><span class="pp-class-382 pa t30649 l43789 ls2688">requirements </span><span class="pp-class-382 pa t30649 l43790 ls3278">for </span><span class="pp-class-382 pa t30649 l43791 ls1319">listed </span><span class="pp-class-382 pa t30649 l43792 ls819">companies. </span><span class="pp-class-382 pa t30649 l43793 ls1099">The </span><span class="pp-class-382 pa t30649 l43794 ls2088">consolidated </span><span class="pp-class-382 pa t30649 l43795 ls1323">financial </span><span class="pp-class-382 pa t30655 l3 ls1244">statements </span><span class="pp-class-382 pa t30655 l43674 ls800">are </span><span class="pp-class-382 pa t30655 l43796 ls1323">also </span><span class="pp-class-382 pa t30655 l43797 ls1080">in </span><span class="pp-class-382 pa t30655 l43798 ls852">accordance </span><span class="pp-class-382 pa t30655 l43799 ls1323">with </span><span class="pp-class-382 pa t30655 l43800 ls187">IFRS </span><span class="pp-class-382 pa t30655 l7146 ls688">Accounting </span><span class="pp-class-382 pa t30655 l18700 ls2127">Standards </span><span class="pp-class-382 pa t30655 l43801 ls1080">as </span><span class="pp-class-382 pa t30655 l43802 ls2486">issued </span><span class="pp-class-382 pa t30655 l43803 ls2784">by </span><span class="pp-class-382 pa t30655 l43804 ls858">the </span><span class="pp-class-382 pa t30655 l43805 ls803">International </span><span class="pp-class-382 pa t30655 l43806 ls1271">Accounting </span><span class="pp-class-382 pa t387 l3 ls2127">Standards </span><span class="pp-class-382 pa t387 l43807 ls2784">Board </span><span class="pp-class-382 pa t387 l43808 ls1701">(IASB).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30676 l3 ls1080" xmlns="http://www.w3.org/1999/xhtml">On </span><span class="pp-class-382 pa t30676 l43809 ls1080" xmlns="http://www.w3.org/1999/xhtml">21 </span><span class="pp-class-382 pa t30676 l43810 ls1941" xmlns="http://www.w3.org/1999/xhtml">February </span><span class="pp-class-382 pa t30676 l43811 ls2851" xmlns="http://www.w3.org/1999/xhtml">2025, </span><span class="pp-class-382 pa t30676 l43812 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30676 l43813 ls2784" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-382 pa t30676 l43814 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30676 l43815 ls2944" xmlns="http://www.w3.org/1999/xhtml">Directors </span><span class="pp-class-382 pa t30676 l43816 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t30676 l43817 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30676 l43818 ls1463" xmlns="http://www.w3.org/1999/xhtml">Executive </span><span class="pp-class-382 pa t30676 l43819 ls53" xmlns="http://www.w3.org/1999/xhtml">Management </span><span class="pp-class-382 pa t30676 l43820 ls2784" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-382 pa t30676 l43821 ls2970" xmlns="http://www.w3.org/1999/xhtml">considered </span><span class="pp-class-382 pa t30676 l43822 ls1099" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t30676 l43823 ls3435" xmlns="http://www.w3.org/1999/xhtml">approved </span><span class="pp-class-382 pa t30682 l3 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30682 l43824 ls1150" xmlns="http://www.w3.org/1999/xhtml">2024 </span><span class="pp-class-382 pa t30682 l29904 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30682 l34507 ls1080" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-382 pa t30682 l43825 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30682 l43826 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30682 l43827 ls8853" xmlns="http://www.w3.org/1999/xhtml">A/S. </span><span class="pp-class-382 pa t30682 l43828 ls1099" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-382 pa t30682 l6401 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30682 l43829 ls1080" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-382 pa t30682 l43830 ls1323" xmlns="http://www.w3.org/1999/xhtml">will </span><span class="pp-class-382 pa t30682 l43831 ls1080" xmlns="http://www.w3.org/1999/xhtml">be </span><span class="pp-class-382 pa t30682 l43832 ls852" xmlns="http://www.w3.org/1999/xhtml">presented </span><span class="pp-class-382 pa t30682 l43833 ls1759" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-382 pa t30682 l43834 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30682 l43835 ls3105" xmlns="http://www.w3.org/1999/xhtml">shareholders </span><span class="pp-class-382 pa t30682 l43836 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30682 l43837 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30682 l43838 ls1868" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-382 pa t30682 l43839 ls99" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t30687 l3 ls185" xmlns="http://www.w3.org/1999/xhtml">approval </span><span class="pp-class-382 pa t30687 l43840 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t30687 l43841 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30687 l43842 ls2842" xmlns="http://www.w3.org/1999/xhtml">ordinary </span><span class="pp-class-382 pa t30687 l43843 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30687 l43844 ls1150" xmlns="http://www.w3.org/1999/xhtml">General </span><span class="pp-class-382 pa t30687 l40562 ls3474" xmlns="http://www.w3.org/1999/xhtml">Meeting </span><span class="pp-class-382 pa t30687 l43845 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t30687 l43846 ls2760" xmlns="http://www.w3.org/1999/xhtml">24 </span><span class="pp-class-382 pa t30687 l43847 ls2784" xmlns="http://www.w3.org/1999/xhtml">March </span><span class="pp-class-382 pa t30687 l43848 ls3382" xmlns="http://www.w3.org/1999/xhtml">2025.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30689 l3 ls1759">Basis </span><span class="pp-class-383 pa t30689 l34198 ls1077">for </span><span class="pp-class-383 pa t30689 l43849 ls7694">preparation</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30696 l3">The </span><span class="pp-class-382 pa t30696 l16790 ls166">consolidated </span><span class="pp-class-382 pa t30696 l43850">financial </span><span class="pp-class-382 pa t30696 l9537 ls254">statements </span><span class="pp-class-382 pa t30696 l43851">and </span><span class="pp-class-382 pa t30696 l43852">the </span><span class="pp-class-382 pa t30696 l20559 ls214">Parent </span><span class="pp-class-382 pa t30696 l33322 ls90">company </span><span class="pp-class-382 pa t30696 l43853">financial </span><span class="pp-class-382 pa t30696 l43854 ls254">statements </span><span class="pp-class-382 pa t30696 l43855 ls85">are </span><span class="pp-class-382 pa t30696 l43856 ls81">presented </span><span class="pp-class-382 pa t30696 l43857 ls12">in </span><span class="pp-class-382 pa t30703 l3">Danish </span><span class="pp-class-382 pa t30703 l42576 ls134">Kroner </span><span class="pp-class-382 pa t30703 l42507">(DKK) </span><span class="pp-class-382 pa t30703 l31803">which </span><span class="pp-class-382 pa t30703 l43858">is </span><span class="pp-class-382 pa t30703 l43859">the </span><span class="pp-class-382 pa t30703 l43860 ls214">Parent </span><span class="pp-class-382 pa t30703 l43861 ls884">company’s </span><span class="pp-class-382 pa t30703 l43862 ls96">functional </span><span class="pp-class-382 pa t30703 l43863 ls3105">currency. </span><span class="pp-class-382 pa t30703 l43864">The </span><span class="pp-class-382 pa t30703 l18741 ls166">consolidated </span><span class="pp-class-382 pa t30703 l43865 ls12">financial </span><span class="pp-class-382 pa t30707 l3 ls254">statements </span><span class="pp-class-382 pa t30707 l43866">and </span><span class="pp-class-382 pa t30707 l43867">the </span><span class="pp-class-382 pa t30707 l23361 ls214">Parent </span><span class="pp-class-382 pa t30707 l43868 ls90">company </span><span class="pp-class-382 pa t30707 l18033">financial </span><span class="pp-class-382 pa t30707 l43869 ls254">statements </span><span class="pp-class-382 pa t30707 l43870 ls85">are </span><span class="pp-class-382 pa t30707 l43871 ls230">prepared </span><span class="pp-class-382 pa t30707 l43872 ls1326">according </span><span class="pp-class-382 pa t30707 l43873 ls166">to </span><span class="pp-class-382 pa t30707 l43874 ls12">the </span><span class="pp-class-382 pa t30707 l43875 ls907">historical </span><span class="pp-class-382 pa t30707 l43876 ls12">cost </span><span class="pp-class-382 pa t30712 l3 ls1259">convention </span><span class="pp-class-382 pa t30712 l41418 ls187">except </span><span class="pp-class-382 pa t30712 l43877 ls81">that </span><span class="pp-class-382 pa t30712 l29937 ls897">derivatives </span><span class="pp-class-382 pa t30712 l43878">and </span><span class="pp-class-382 pa t30712 l7047">financial </span><span class="pp-class-382 pa t30712 l43879 ls2329">instruments </span><span class="pp-class-382 pa t30712 l43880">classified </span><span class="pp-class-382 pa t30712 l43881">as </span><span class="pp-class-382 pa t30712 l43882 ls166">“Fair </span><span class="pp-class-382 pa t30712 l43883 ls16">value </span><span class="pp-class-382 pa t30712 l43884 ls671">through </span><span class="pp-class-382 pa t30712 l43885 ls225">profit </span><span class="pp-class-382 pa t30712 l43886 ls93">loss” </span><span class="pp-class-382 pa t30720 l3 ls1531">(FVTPL) </span><span class="pp-class-382 pa t30720 l43887 ls85">are </span><span class="pp-class-382 pa t30720 l33351 ls1259">measured </span><span class="pp-class-382 pa t30720 l43888 ls2835">at </span><span class="pp-class-382 pa t30720 l42423 ls1005">fair </span><span class="pp-class-382 pa t30720 l43889 ls274">value.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls1237">Rounding</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30568 l3 ls1080">In </span><span class="pp-class-382 pa t30568 l43891 ls8853">general, </span><span class="pp-class-382 pa t30568 l31787 ls8853">rounding </span><span class="pp-class-382 pa t30568 l43892 ls2944">may </span><span class="pp-class-382 pa t30568 l10831 ls296">cause </span><span class="pp-class-382 pa t30568 l34232 ls1101">variances </span><span class="pp-class-382 pa t30568 l43893 ls1080">in </span><span class="pp-class-382 pa t30568 l43894 ls1323">sums </span><span class="pp-class-382 pa t30568 l43895 ls1099">and </span><span class="pp-class-382 pa t30568 l43896 ls2787">percentages </span><span class="pp-class-382 pa t30568 l43897 ls1080">in </span><span class="pp-class-382 pa t30568 l43898 ls1099">the </span><span class="pp-class-382 pa t30568 l43899 ls2486">Annual </span><span class="pp-class-382 pa t30568 l43900 ls2835">Report.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30583 l3 ls2889">Application </span><span class="pp-class-383 pa t30583 l43901 ls1080">of </span><span class="pp-class-383 pa t30583 l43902 ls2889">materiality </span><span class="pp-class-383 pa t30583 l17575 ls858">and </span><span class="pp-class-383 pa t30583 l43903 ls2769">relevance</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30588 l3 ls858">The </span><span class="pp-class-382 pa t30588 l16631 ls2088">consolidated </span><span class="pp-class-382 pa t30588 l43904 ls1073">financial </span><span class="pp-class-382 pa t30588 l43905 ls1244">statements </span><span class="pp-class-382 pa t30588 l41609 ls1015">separately </span><span class="pp-class-382 pa t30588 l43906 ls852">present </span><span class="pp-class-382 pa t30588 l43907 ls1118">items </span><span class="pp-class-382 pa t30588 l43908 ls1080">or </span><span class="pp-class-382 pa t30588 l43909 ls1083">groups </span><span class="pp-class-382 pa t30588 l43910 ls103">of </span><span class="pp-class-382 pa t30588 l43911 ls1118">items </span><span class="pp-class-382 pa t30588 l43912 ls6360">that </span><span class="pp-class-382 pa t30588 l43913 ls800">are </span><span class="pp-class-382 pa t30588 l43914 ls2113">considered </span><span class="pp-class-382 pa t30593 l3 ls3105">material. </span><span class="pp-class-382 pa t30593 l43915 ls1080">In </span><span class="pp-class-382 pa t30593 l43916 ls1772">addition, </span><span class="pp-class-382 pa t30593 l43917 ls1148">information </span><span class="pp-class-382 pa t30593 l43918 ls6360">that </span><span class="pp-class-382 pa t30593 l43919 ls1080">is </span><span class="pp-class-382 pa t30593 l41695 ls2970">considered </span><span class="pp-class-382 pa t30593 l43920 ls3105">material, </span><span class="pp-class-382 pa t30593 l29817 ls2486">either </span><span class="pp-class-382 pa t30593 l43921 ls4299">individually </span><span class="pp-class-382 pa t30593 l43922 ls1080">or </span><span class="pp-class-382 pa t30593 l43923 ls1080">in </span><span class="pp-class-382 pa t30593 l43924 ls688">combination </span><span class="pp-class-382 pa t30593 l43925 ls1955">with </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30606 l3 ls296">other </span><span class="pp-class-382 pa t30606 l43926 ls1150">information, </span><span class="pp-class-382 pa t30606 l43927 ls1080">is </span><span class="pp-class-382 pa t30606 l43928 ls1073">disclosed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30622 l3 ls728">Materiality </span><span class="pp-class-382 pa t30622 l43929 ls1080">is </span><span class="pp-class-382 pa t30622 l43930 ls2486">judged </span><span class="pp-class-382 pa t30622 l43931 ls2784">by </span><span class="pp-class-382 pa t30622 l43932 ls715">reference </span><span class="pp-class-382 pa t30622 l43933 ls1759">to </span><span class="pp-class-382 pa t30622 l30626 ls858">the </span><span class="pp-class-382 pa t30622 l43934 ls3474">size </span><span class="pp-class-382 pa t30622 l43935 ls1099">and </span><span class="pp-class-382 pa t30622 l43936 ls3435">nature </span><span class="pp-class-382 pa t30622 l43937 ls103">of </span><span class="pp-class-382 pa t30622 l43938 ls1099">the </span><span class="pp-class-382 pa t30622 l43939 ls1118">item. </span><span class="pp-class-382 pa t30622 l43940 ls858">The </span><span class="pp-class-382 pa t30622 l43941 ls2694">deciding </span><span class="pp-class-382 pa t30622 l43942 ls2760">factor </span><span class="pp-class-382 pa t30622 l43943 ls1080">is </span><span class="pp-class-382 pa t30622 l43944 ls3474">whether </span><span class="pp-class-382 pa t30622 l43945 ls302">the </span><span class="pp-class-382 pa t30628 l3 ls2694">omission </span><span class="pp-class-382 pa t30628 l43946 ls1080">or </span><span class="pp-class-382 pa t30628 l43947 ls5069">misstatement </span><span class="pp-class-382 pa t30628 l43948 ls2486">could, </span><span class="pp-class-382 pa t30628 l42523 ls4299">individually </span><span class="pp-class-382 pa t30628 l43949 ls1080">or </span><span class="pp-class-382 pa t30628 l43950 ls3310">collectively, </span><span class="pp-class-382 pa t30628 l43951 ls1859">influence </span><span class="pp-class-382 pa t30628 l43952 ls1099">the </span><span class="pp-class-382 pa t30628 l43953 ls2694">economic </span><span class="pp-class-382 pa t30628 l43954 ls1073">decisions </span><span class="pp-class-382 pa t30628 l43955 ls1772">made </span><span class="pp-class-382 pa t30628 l43956 ls2784">by </span><span class="pp-class-382 pa t30628 l43957 ls302">the </span><span class="pp-class-382 pa t30634 l3 ls3572">primary </span><span class="pp-class-382 pa t30634 l43958 ls1759">users </span><span class="pp-class-382 pa t30634 l43959 ls1080">on </span><span class="pp-class-382 pa t30634 l43960 ls858">the </span><span class="pp-class-382 pa t30634 l43961 ls1759">basis </span><span class="pp-class-382 pa t30634 l12464 ls103">of </span><span class="pp-class-382 pa t30634 l43962 ls858">the </span><span class="pp-class-382 pa t30634 l43963 ls2088">consolidated </span><span class="pp-class-382 pa t30634 l43964 ls1073">financial </span><span class="pp-class-382 pa t30634 l43965 ls2854">statements. </span><span class="pp-class-382 pa t30634 l43966 ls1080">In </span><span class="pp-class-382 pa t30634 l43967 ls1126">particular </span><span class="pp-class-382 pa t30634 l43968 ls6360">circumstances, </span><span class="pp-class-382 pa t30634 l43969 ls2486">either </span><span class="pp-class-382 pa t30634 l43970 ls302">the </span><span class="pp-class-382 pa t30807 l3 ls3435">nature </span><span class="pp-class-382 pa t30807 l43971 ls1080">or </span><span class="pp-class-382 pa t30807 l43972 ls1099">the </span><span class="pp-class-382 pa t30807 l43973 ls1073">amount </span><span class="pp-class-382 pa t30807 l17440 ls103">of </span><span class="pp-class-382 pa t30807 l43974 ls1080">an </span><span class="pp-class-382 pa t30807 l43975 ls1073">item </span><span class="pp-class-382 pa t30807 l43976 ls1080">or </span><span class="pp-class-382 pa t30807 l43977 ls1080">an </span><span class="pp-class-382 pa t30807 l43978 ls3458">aggregate </span><span class="pp-class-382 pa t30807 l43979 ls103">of </span><span class="pp-class-382 pa t30807 l43980 ls1118">items </span><span class="pp-class-382 pa t30807 l43981 ls1759">could </span><span class="pp-class-382 pa t30807 l43982 ls1080">be </span><span class="pp-class-382 pa t30807 l43983 ls1099">the </span><span class="pp-class-382 pa t30807 l43984 ls2489">determining </span><span class="pp-class-382 pa t30807 l43985 ls731">factor.</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30634 l3 ls1759">Basis </span><span class="pp-class-383 pa t30634 l34198 ls1080">of </span><span class="pp-class-383 pa t30634 l43759 ls1271">reporting</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30807 l3 ls858">The </span><span class="pp-class-382 pa t30807 l16631 ls1150">2024 </span><span class="pp-class-382 pa t30807 l41662 ls2088">consolidated </span><span class="pp-class-382 pa t30807 l43760 ls1073">financial </span><span class="pp-class-382 pa t30807 l16205 ls1244">statements </span><span class="pp-class-382 pa t30807 l14851 ls1099">and </span><span class="pp-class-382 pa t30807 l43761 ls7096">Parent </span><span class="pp-class-382 pa t30807 l43762 ls2489">company </span><span class="pp-class-382 pa t30807 l43763 ls1073">financial </span><span class="pp-class-382 pa t30807 l43764 ls1244">statements </span><span class="pp-class-382 pa t30807 l43765 ls103">of </span><span class="pp-class-382 pa t30807 l43766 ls1323">DFDS </span><span class="pp-class-382 pa t30807 l43767 ls1868">A/S </span><span class="pp-class-382 pa t30807 l43768 ls3377">have </span><span class="pp-class-382 pa t30644 l3 ls1323">been </span><span class="pp-class-382 pa t30644 l43769 ls3435">prepared </span><span class="pp-class-382 pa t30644 l43770 ls1080">on </span><span class="pp-class-382 pa t30644 l43771 ls302">a </span><span class="pp-class-382 pa t30644 l43772 ls1759">going </span><span class="pp-class-382 pa t30644 l43773 ls1237">concern </span><span class="pp-class-382 pa t30644 l30992 ls1759">basis </span><span class="pp-class-382 pa t30644 l20316 ls858">and </span><span class="pp-class-382 pa t30644 l43774 ls1080">in </span><span class="pp-class-382 pa t30644 l43775 ls852">accordance </span><span class="pp-class-382 pa t30644 l43776 ls1323">with </span><span class="pp-class-382 pa t30644 l43777 ls1099">the </span><span class="pp-class-382 pa t30644 l43778 ls187">IFRS </span><span class="pp-class-382 pa t30644 l43779 ls688">Accounting </span><span class="pp-class-382 pa t30644 l43780 ls2127">Standards </span><span class="pp-class-382 pa t30644 l43781 ls1080">as </span><span class="pp-class-382 pa t30644 l43782 ls3278">adopted </span><span class="pp-class-382 pa t30649 l3 ls2784">by </span><span class="pp-class-382 pa t30649 l43783 ls858">the </span><span class="pp-class-382 pa t30649 l43784 ls1868">EU, </span><span class="pp-class-382 pa t30649 l43785 ls858">and </span><span class="pp-class-382 pa t30649 l43786 ls1772">additional </span><span class="pp-class-382 pa t30649 l43787 ls2486">Danish </span><span class="pp-class-382 pa t30649 l43788 ls2970">disclosure </span><span class="pp-class-382 pa t30649 l43789 ls2688">requirements </span><span class="pp-class-382 pa t30649 l43790 ls3278">for </span><span class="pp-class-382 pa t30649 l43791 ls1319">listed </span><span class="pp-class-382 pa t30649 l43792 ls819">companies. </span><span class="pp-class-382 pa t30649 l43793 ls1099">The </span><span class="pp-class-382 pa t30649 l43794 ls2088">consolidated </span><span class="pp-class-382 pa t30649 l43795 ls1323">financial </span><span class="pp-class-382 pa t30655 l3 ls1244">statements </span><span class="pp-class-382 pa t30655 l43674 ls800">are </span><span class="pp-class-382 pa t30655 l43796 ls1323">also </span><span class="pp-class-382 pa t30655 l43797 ls1080">in </span><span class="pp-class-382 pa t30655 l43798 ls852">accordance </span><span class="pp-class-382 pa t30655 l43799 ls1323">with </span><span class="pp-class-382 pa t30655 l43800 ls187">IFRS </span><span class="pp-class-382 pa t30655 l7146 ls688">Accounting </span><span class="pp-class-382 pa t30655 l18700 ls2127">Standards </span><span class="pp-class-382 pa t30655 l43801 ls1080">as </span><span class="pp-class-382 pa t30655 l43802 ls2486">issued </span><span class="pp-class-382 pa t30655 l43803 ls2784">by </span><span class="pp-class-382 pa t30655 l43804 ls858">the </span><span class="pp-class-382 pa t30655 l43805 ls803">International </span><span class="pp-class-382 pa t30655 l43806 ls1271">Accounting </span><span class="pp-class-382 pa t387 l3 ls2127">Standards </span><span class="pp-class-382 pa t387 l43807 ls2784">Board </span><span class="pp-class-382 pa t387 l43808 ls1701">(IASB).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30676 l3 ls1080" xmlns="http://www.w3.org/1999/xhtml">On </span><span class="pp-class-382 pa t30676 l43809 ls1080" xmlns="http://www.w3.org/1999/xhtml">21 </span><span class="pp-class-382 pa t30676 l43810 ls1941" xmlns="http://www.w3.org/1999/xhtml">February </span><span class="pp-class-382 pa t30676 l43811 ls2851" xmlns="http://www.w3.org/1999/xhtml">2025, </span><span class="pp-class-382 pa t30676 l43812 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30676 l43813 ls2784" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-382 pa t30676 l43814 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30676 l43815 ls2944" xmlns="http://www.w3.org/1999/xhtml">Directors </span><span class="pp-class-382 pa t30676 l43816 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t30676 l43817 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30676 l43818 ls1463" xmlns="http://www.w3.org/1999/xhtml">Executive </span><span class="pp-class-382 pa t30676 l43819 ls53" xmlns="http://www.w3.org/1999/xhtml">Management </span><span class="pp-class-382 pa t30676 l43820 ls2784" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-382 pa t30676 l43821 ls2970" xmlns="http://www.w3.org/1999/xhtml">considered </span><span class="pp-class-382 pa t30676 l43822 ls1099" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t30676 l43823 ls3435" xmlns="http://www.w3.org/1999/xhtml">approved </span><span class="pp-class-382 pa t30682 l3 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30682 l43824 ls1150" xmlns="http://www.w3.org/1999/xhtml">2024 </span><span class="pp-class-382 pa t30682 l29904 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30682 l34507 ls1080" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-382 pa t30682 l43825 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30682 l43826 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30682 l43827 ls8853" xmlns="http://www.w3.org/1999/xhtml">A/S. </span><span class="pp-class-382 pa t30682 l43828 ls1099" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-382 pa t30682 l6401 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30682 l43829 ls1080" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-382 pa t30682 l43830 ls1323" xmlns="http://www.w3.org/1999/xhtml">will </span><span class="pp-class-382 pa t30682 l43831 ls1080" xmlns="http://www.w3.org/1999/xhtml">be </span><span class="pp-class-382 pa t30682 l43832 ls852" xmlns="http://www.w3.org/1999/xhtml">presented </span><span class="pp-class-382 pa t30682 l43833 ls1759" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-382 pa t30682 l43834 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30682 l43835 ls3105" xmlns="http://www.w3.org/1999/xhtml">shareholders </span><span class="pp-class-382 pa t30682 l43836 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30682 l43837 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30682 l43838 ls1868" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-382 pa t30682 l43839 ls99" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t30687 l3 ls185" xmlns="http://www.w3.org/1999/xhtml">approval </span><span class="pp-class-382 pa t30687 l43840 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t30687 l43841 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30687 l43842 ls2842" xmlns="http://www.w3.org/1999/xhtml">ordinary </span><span class="pp-class-382 pa t30687 l43843 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30687 l43844 ls1150" xmlns="http://www.w3.org/1999/xhtml">General </span><span class="pp-class-382 pa t30687 l40562 ls3474" xmlns="http://www.w3.org/1999/xhtml">Meeting </span><span class="pp-class-382 pa t30687 l43845 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t30687 l43846 ls2760" xmlns="http://www.w3.org/1999/xhtml">24 </span><span class="pp-class-382 pa t30687 l43847 ls2784" xmlns="http://www.w3.org/1999/xhtml">March </span><span class="pp-class-382 pa t30687 l43848 ls3382" xmlns="http://www.w3.org/1999/xhtml">2025.</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30634 l3 ls1759">Basis </span><span class="pp-class-383 pa t30634 l34198 ls1080">of </span><span class="pp-class-383 pa t30634 l43759 ls1271">reporting</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30807 l3 ls858">The </span><span class="pp-class-382 pa t30807 l16631 ls1150">2024 </span><span class="pp-class-382 pa t30807 l41662 ls2088">consolidated </span><span class="pp-class-382 pa t30807 l43760 ls1073">financial </span><span class="pp-class-382 pa t30807 l16205 ls1244">statements </span><span class="pp-class-382 pa t30807 l14851 ls1099">and </span><span class="pp-class-382 pa t30807 l43761 ls7096">Parent </span><span class="pp-class-382 pa t30807 l43762 ls2489">company </span><span class="pp-class-382 pa t30807 l43763 ls1073">financial </span><span class="pp-class-382 pa t30807 l43764 ls1244">statements </span><span class="pp-class-382 pa t30807 l43765 ls103">of </span><span class="pp-class-382 pa t30807 l43766 ls1323">DFDS </span><span class="pp-class-382 pa t30807 l43767 ls1868">A/S </span><span class="pp-class-382 pa t30807 l43768 ls3377">have </span><span class="pp-class-382 pa t30644 l3 ls1323">been </span><span class="pp-class-382 pa t30644 l43769 ls3435">prepared </span><span class="pp-class-382 pa t30644 l43770 ls1080">on </span><span class="pp-class-382 pa t30644 l43771 ls302">a </span><span class="pp-class-382 pa t30644 l43772 ls1759">going </span><span class="pp-class-382 pa t30644 l43773 ls1237">concern </span><span class="pp-class-382 pa t30644 l30992 ls1759">basis </span><span class="pp-class-382 pa t30644 l20316 ls858">and </span><span class="pp-class-382 pa t30644 l43774 ls1080">in </span><span class="pp-class-382 pa t30644 l43775 ls852">accordance </span><span class="pp-class-382 pa t30644 l43776 ls1323">with </span><span class="pp-class-382 pa t30644 l43777 ls1099">the </span><span class="pp-class-382 pa t30644 l43778 ls187">IFRS </span><span class="pp-class-382 pa t30644 l43779 ls688">Accounting </span><span class="pp-class-382 pa t30644 l43780 ls2127">Standards </span><span class="pp-class-382 pa t30644 l43781 ls1080">as </span><span class="pp-class-382 pa t30644 l43782 ls3278">adopted </span><span class="pp-class-382 pa t30649 l3 ls2784">by </span><span class="pp-class-382 pa t30649 l43783 ls858">the </span><span class="pp-class-382 pa t30649 l43784 ls1868">EU, </span><span class="pp-class-382 pa t30649 l43785 ls858">and </span><span class="pp-class-382 pa t30649 l43786 ls1772">additional </span><span class="pp-class-382 pa t30649 l43787 ls2486">Danish </span><span class="pp-class-382 pa t30649 l43788 ls2970">disclosure </span><span class="pp-class-382 pa t30649 l43789 ls2688">requirements </span><span class="pp-class-382 pa t30649 l43790 ls3278">for </span><span class="pp-class-382 pa t30649 l43791 ls1319">listed </span><span class="pp-class-382 pa t30649 l43792 ls819">companies. </span><span class="pp-class-382 pa t30649 l43793 ls1099">The </span><span class="pp-class-382 pa t30649 l43794 ls2088">consolidated </span><span class="pp-class-382 pa t30649 l43795 ls1323">financial </span><span class="pp-class-382 pa t30655 l3 ls1244">statements </span><span class="pp-class-382 pa t30655 l43674 ls800">are </span><span class="pp-class-382 pa t30655 l43796 ls1323">also </span><span class="pp-class-382 pa t30655 l43797 ls1080">in </span><span class="pp-class-382 pa t30655 l43798 ls852">accordance </span><span class="pp-class-382 pa t30655 l43799 ls1323">with </span><span class="pp-class-382 pa t30655 l43800 ls187">IFRS </span><span class="pp-class-382 pa t30655 l7146 ls688">Accounting </span><span class="pp-class-382 pa t30655 l18700 ls2127">Standards </span><span class="pp-class-382 pa t30655 l43801 ls1080">as </span><span class="pp-class-382 pa t30655 l43802 ls2486">issued </span><span class="pp-class-382 pa t30655 l43803 ls2784">by </span><span class="pp-class-382 pa t30655 l43804 ls858">the </span><span class="pp-class-382 pa t30655 l43805 ls803">International </span><span class="pp-class-382 pa t30655 l43806 ls1271">Accounting </span><span class="pp-class-382 pa t387 l3 ls2127">Standards </span><span class="pp-class-382 pa t387 l43807 ls2784">Board </span><span class="pp-class-382 pa t387 l43808 ls1701">(IASB).</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30634 l3 ls1759">Basis </span><span class="pp-class-383 pa t30634 l34198 ls1080">of </span><span class="pp-class-383 pa t30634 l43759 ls1271">reporting</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30807 l3 ls858">The </span><span class="pp-class-382 pa t30807 l16631 ls1150">2024 </span><span class="pp-class-382 pa t30807 l41662 ls2088">consolidated </span><span class="pp-class-382 pa t30807 l43760 ls1073">financial </span><span class="pp-class-382 pa t30807 l16205 ls1244">statements </span><span class="pp-class-382 pa t30807 l14851 ls1099">and </span><span class="pp-class-382 pa t30807 l43761 ls7096">Parent </span><span class="pp-class-382 pa t30807 l43762 ls2489">company </span><span class="pp-class-382 pa t30807 l43763 ls1073">financial </span><span class="pp-class-382 pa t30807 l43764 ls1244">statements </span><span class="pp-class-382 pa t30807 l43765 ls103">of </span><span class="pp-class-382 pa t30807 l43766 ls1323">DFDS </span><span class="pp-class-382 pa t30807 l43767 ls1868">A/S </span><span class="pp-class-382 pa t30807 l43768 ls3377">have </span><span class="pp-class-382 pa t30644 l3 ls1323">been </span><span class="pp-class-382 pa t30644 l43769 ls3435">prepared </span><span class="pp-class-382 pa t30644 l43770 ls1080">on </span><span class="pp-class-382 pa t30644 l43771 ls302">a </span><span class="pp-class-382 pa t30644 l43772 ls1759">going </span><span class="pp-class-382 pa t30644 l43773 ls1237">concern </span><span class="pp-class-382 pa t30644 l30992 ls1759">basis </span><span class="pp-class-382 pa t30644 l20316 ls858">and </span><span class="pp-class-382 pa t30644 l43774 ls1080">in </span><span class="pp-class-382 pa t30644 l43775 ls852">accordance </span><span class="pp-class-382 pa t30644 l43776 ls1323">with </span><span class="pp-class-382 pa t30644 l43777 ls1099">the </span><span class="pp-class-382 pa t30644 l43778 ls187">IFRS </span><span class="pp-class-382 pa t30644 l43779 ls688">Accounting </span><span class="pp-class-382 pa t30644 l43780 ls2127">Standards </span><span class="pp-class-382 pa t30644 l43781 ls1080">as </span><span class="pp-class-382 pa t30644 l43782 ls3278">adopted </span><span class="pp-class-382 pa t30649 l3 ls2784">by </span><span class="pp-class-382 pa t30649 l43783 ls858">the </span><span class="pp-class-382 pa t30649 l43784 ls1868">EU, </span><span class="pp-class-382 pa t30649 l43785 ls858">and </span><span class="pp-class-382 pa t30649 l43786 ls1772">additional </span><span class="pp-class-382 pa t30649 l43787 ls2486">Danish </span><span class="pp-class-382 pa t30649 l43788 ls2970">disclosure </span><span class="pp-class-382 pa t30649 l43789 ls2688">requirements </span><span class="pp-class-382 pa t30649 l43790 ls3278">for </span><span class="pp-class-382 pa t30649 l43791 ls1319">listed </span><span class="pp-class-382 pa t30649 l43792 ls819">companies. </span><span class="pp-class-382 pa t30649 l43793 ls1099">The </span><span class="pp-class-382 pa t30649 l43794 ls2088">consolidated </span><span class="pp-class-382 pa t30649 l43795 ls1323">financial </span><span class="pp-class-382 pa t30655 l3 ls1244">statements </span><span class="pp-class-382 pa t30655 l43674 ls800">are </span><span class="pp-class-382 pa t30655 l43796 ls1323">also </span><span class="pp-class-382 pa t30655 l43797 ls1080">in </span><span class="pp-class-382 pa t30655 l43798 ls852">accordance </span><span class="pp-class-382 pa t30655 l43799 ls1323">with </span><span class="pp-class-382 pa t30655 l43800 ls187">IFRS </span><span class="pp-class-382 pa t30655 l7146 ls688">Accounting </span><span class="pp-class-382 pa t30655 l18700 ls2127">Standards </span><span class="pp-class-382 pa t30655 l43801 ls1080">as </span><span class="pp-class-382 pa t30655 l43802 ls2486">issued </span><span class="pp-class-382 pa t30655 l43803 ls2784">by </span><span class="pp-class-382 pa t30655 l43804 ls858">the </span><span class="pp-class-382 pa t30655 l43805 ls803">International </span><span class="pp-class-382 pa t30655 l43806 ls1271">Accounting </span><span class="pp-class-382 pa t387 l3 ls2127">Standards </span><span class="pp-class-382 pa t387 l43807 ls2784">Board </span><span class="pp-class-382 pa t387 l43808 ls1701">(IASB).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30676 l3 ls1080" xmlns="http://www.w3.org/1999/xhtml">On </span><span class="pp-class-382 pa t30676 l43809 ls1080" xmlns="http://www.w3.org/1999/xhtml">21 </span><span class="pp-class-382 pa t30676 l43810 ls1941" xmlns="http://www.w3.org/1999/xhtml">February </span><span class="pp-class-382 pa t30676 l43811 ls2851" xmlns="http://www.w3.org/1999/xhtml">2025, </span><span class="pp-class-382 pa t30676 l43812 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30676 l43813 ls2784" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-382 pa t30676 l43814 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30676 l43815 ls2944" xmlns="http://www.w3.org/1999/xhtml">Directors </span><span class="pp-class-382 pa t30676 l43816 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t30676 l43817 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30676 l43818 ls1463" xmlns="http://www.w3.org/1999/xhtml">Executive </span><span class="pp-class-382 pa t30676 l43819 ls53" xmlns="http://www.w3.org/1999/xhtml">Management </span><span class="pp-class-382 pa t30676 l43820 ls2784" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-382 pa t30676 l43821 ls2970" xmlns="http://www.w3.org/1999/xhtml">considered </span><span class="pp-class-382 pa t30676 l43822 ls1099" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t30676 l43823 ls3435" xmlns="http://www.w3.org/1999/xhtml">approved </span><span class="pp-class-382 pa t30682 l3 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30682 l43824 ls1150" xmlns="http://www.w3.org/1999/xhtml">2024 </span><span class="pp-class-382 pa t30682 l29904 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30682 l34507 ls1080" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-382 pa t30682 l43825 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30682 l43826 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30682 l43827 ls8853" xmlns="http://www.w3.org/1999/xhtml">A/S. </span><span class="pp-class-382 pa t30682 l43828 ls1099" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-382 pa t30682 l6401 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30682 l43829 ls1080" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-382 pa t30682 l43830 ls1323" xmlns="http://www.w3.org/1999/xhtml">will </span><span class="pp-class-382 pa t30682 l43831 ls1080" xmlns="http://www.w3.org/1999/xhtml">be </span><span class="pp-class-382 pa t30682 l43832 ls852" xmlns="http://www.w3.org/1999/xhtml">presented </span><span class="pp-class-382 pa t30682 l43833 ls1759" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-382 pa t30682 l43834 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30682 l43835 ls3105" xmlns="http://www.w3.org/1999/xhtml">shareholders </span><span class="pp-class-382 pa t30682 l43836 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30682 l43837 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30682 l43838 ls1868" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-382 pa t30682 l43839 ls99" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t30687 l3 ls185" xmlns="http://www.w3.org/1999/xhtml">approval </span><span class="pp-class-382 pa t30687 l43840 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t30687 l43841 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30687 l43842 ls2842" xmlns="http://www.w3.org/1999/xhtml">ordinary </span><span class="pp-class-382 pa t30687 l43843 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30687 l43844 ls1150" xmlns="http://www.w3.org/1999/xhtml">General </span><span class="pp-class-382 pa t30687 l40562 ls3474" xmlns="http://www.w3.org/1999/xhtml">Meeting </span><span class="pp-class-382 pa t30687 l43845 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t30687 l43846 ls2760" xmlns="http://www.w3.org/1999/xhtml">24 </span><span class="pp-class-382 pa t30687 l43847 ls2784" xmlns="http://www.w3.org/1999/xhtml">March </span><span class="pp-class-382 pa t30687 l43848 ls3382" xmlns="http://www.w3.org/1999/xhtml">2025.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30689 l3 ls1759">Basis </span><span class="pp-class-383 pa t30689 l34198 ls1077">for </span><span class="pp-class-383 pa t30689 l43849 ls7694">preparation</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30696 l3">The </span><span class="pp-class-382 pa t30696 l16790 ls166">consolidated </span><span class="pp-class-382 pa t30696 l43850">financial </span><span class="pp-class-382 pa t30696 l9537 ls254">statements </span><span class="pp-class-382 pa t30696 l43851">and </span><span class="pp-class-382 pa t30696 l43852">the </span><span class="pp-class-382 pa t30696 l20559 ls214">Parent </span><span class="pp-class-382 pa t30696 l33322 ls90">company </span><span class="pp-class-382 pa t30696 l43853">financial </span><span class="pp-class-382 pa t30696 l43854 ls254">statements </span><span class="pp-class-382 pa t30696 l43855 ls85">are </span><span class="pp-class-382 pa t30696 l43856 ls81">presented </span><span class="pp-class-382 pa t30696 l43857 ls12">in </span><span class="pp-class-382 pa t30703 l3">Danish </span><span class="pp-class-382 pa t30703 l42576 ls134">Kroner </span><span class="pp-class-382 pa t30703 l42507">(DKK) </span><span class="pp-class-382 pa t30703 l31803">which </span><span class="pp-class-382 pa t30703 l43858">is </span><span class="pp-class-382 pa t30703 l43859">the </span><span class="pp-class-382 pa t30703 l43860 ls214">Parent </span><span class="pp-class-382 pa t30703 l43861 ls884">company’s </span><span class="pp-class-382 pa t30703 l43862 ls96">functional </span><span class="pp-class-382 pa t30703 l43863 ls3105">currency. </span><span class="pp-class-382 pa t30703 l43864">The </span><span class="pp-class-382 pa t30703 l18741 ls166">consolidated </span><span class="pp-class-382 pa t30703 l43865 ls12">financial </span><span class="pp-class-382 pa t30707 l3 ls254">statements </span><span class="pp-class-382 pa t30707 l43866">and </span><span class="pp-class-382 pa t30707 l43867">the </span><span class="pp-class-382 pa t30707 l23361 ls214">Parent </span><span class="pp-class-382 pa t30707 l43868 ls90">company </span><span class="pp-class-382 pa t30707 l18033">financial </span><span class="pp-class-382 pa t30707 l43869 ls254">statements </span><span class="pp-class-382 pa t30707 l43870 ls85">are </span><span class="pp-class-382 pa t30707 l43871 ls230">prepared </span><span class="pp-class-382 pa t30707 l43872 ls1326">according </span><span class="pp-class-382 pa t30707 l43873 ls166">to </span><span class="pp-class-382 pa t30707 l43874 ls12">the </span><span class="pp-class-382 pa t30707 l43875 ls907">historical </span><span class="pp-class-382 pa t30707 l43876 ls12">cost </span><span class="pp-class-382 pa t30712 l3 ls1259">convention </span><span class="pp-class-382 pa t30712 l41418 ls187">except </span><span class="pp-class-382 pa t30712 l43877 ls81">that </span><span class="pp-class-382 pa t30712 l29937 ls897">derivatives </span><span class="pp-class-382 pa t30712 l43878">and </span><span class="pp-class-382 pa t30712 l7047">financial </span><span class="pp-class-382 pa t30712 l43879 ls2329">instruments </span><span class="pp-class-382 pa t30712 l43880">classified </span><span class="pp-class-382 pa t30712 l43881">as </span><span class="pp-class-382 pa t30712 l43882 ls166">“Fair </span><span class="pp-class-382 pa t30712 l43883 ls16">value </span><span class="pp-class-382 pa t30712 l43884 ls671">through </span><span class="pp-class-382 pa t30712 l43885 ls225">profit </span><span class="pp-class-382 pa t30712 l43886 ls93">loss” </span><span class="pp-class-382 pa t30720 l3 ls1531">(FVTPL) </span><span class="pp-class-382 pa t30720 l43887 ls85">are </span><span class="pp-class-382 pa t30720 l33351 ls1259">measured </span><span class="pp-class-382 pa t30720 l43888 ls2835">at </span><span class="pp-class-382 pa t30720 l42423 ls1005">fair </span><span class="pp-class-382 pa t30720 l43889 ls274">value.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls1237">Rounding</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30568 l3 ls1080">In </span><span class="pp-class-382 pa t30568 l43891 ls8853">general, </span><span class="pp-class-382 pa t30568 l31787 ls8853">rounding </span><span class="pp-class-382 pa t30568 l43892 ls2944">may </span><span class="pp-class-382 pa t30568 l10831 ls296">cause </span><span class="pp-class-382 pa t30568 l34232 ls1101">variances </span><span class="pp-class-382 pa t30568 l43893 ls1080">in </span><span class="pp-class-382 pa t30568 l43894 ls1323">sums </span><span class="pp-class-382 pa t30568 l43895 ls1099">and </span><span class="pp-class-382 pa t30568 l43896 ls2787">percentages </span><span class="pp-class-382 pa t30568 l43897 ls1080">in </span><span class="pp-class-382 pa t30568 l43898 ls1099">the </span><span class="pp-class-382 pa t30568 l43899 ls2486">Annual </span><span class="pp-class-382 pa t30568 l43900 ls2835">Report.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30583 l3 ls2889">Application </span><span class="pp-class-383 pa t30583 l43901 ls1080">of </span><span class="pp-class-383 pa t30583 l43902 ls2889">materiality </span><span class="pp-class-383 pa t30583 l17575 ls858">and </span><span class="pp-class-383 pa t30583 l43903 ls2769">relevance</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30588 l3 ls858">The </span><span class="pp-class-382 pa t30588 l16631 ls2088">consolidated </span><span class="pp-class-382 pa t30588 l43904 ls1073">financial </span><span class="pp-class-382 pa t30588 l43905 ls1244">statements </span><span class="pp-class-382 pa t30588 l41609 ls1015">separately </span><span class="pp-class-382 pa t30588 l43906 ls852">present </span><span class="pp-class-382 pa t30588 l43907 ls1118">items </span><span class="pp-class-382 pa t30588 l43908 ls1080">or </span><span class="pp-class-382 pa t30588 l43909 ls1083">groups </span><span class="pp-class-382 pa t30588 l43910 ls103">of </span><span class="pp-class-382 pa t30588 l43911 ls1118">items </span><span class="pp-class-382 pa t30588 l43912 ls6360">that </span><span class="pp-class-382 pa t30588 l43913 ls800">are </span><span class="pp-class-382 pa t30588 l43914 ls2113">considered </span><span class="pp-class-382 pa t30593 l3 ls3105">material. </span><span class="pp-class-382 pa t30593 l43915 ls1080">In </span><span class="pp-class-382 pa t30593 l43916 ls1772">addition, </span><span class="pp-class-382 pa t30593 l43917 ls1148">information </span><span class="pp-class-382 pa t30593 l43918 ls6360">that </span><span class="pp-class-382 pa t30593 l43919 ls1080">is </span><span class="pp-class-382 pa t30593 l41695 ls2970">considered </span><span class="pp-class-382 pa t30593 l43920 ls3105">material, </span><span class="pp-class-382 pa t30593 l29817 ls2486">either </span><span class="pp-class-382 pa t30593 l43921 ls4299">individually </span><span class="pp-class-382 pa t30593 l43922 ls1080">or </span><span class="pp-class-382 pa t30593 l43923 ls1080">in </span><span class="pp-class-382 pa t30593 l43924 ls688">combination </span><span class="pp-class-382 pa t30593 l43925 ls1955">with </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30606 l3 ls296">other </span><span class="pp-class-382 pa t30606 l43926 ls1150">information, </span><span class="pp-class-382 pa t30606 l43927 ls1080">is </span><span class="pp-class-382 pa t30606 l43928 ls1073">disclosed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30622 l3 ls728">Materiality </span><span class="pp-class-382 pa t30622 l43929 ls1080">is </span><span class="pp-class-382 pa t30622 l43930 ls2486">judged </span><span class="pp-class-382 pa t30622 l43931 ls2784">by </span><span class="pp-class-382 pa t30622 l43932 ls715">reference </span><span class="pp-class-382 pa t30622 l43933 ls1759">to </span><span class="pp-class-382 pa t30622 l30626 ls858">the </span><span class="pp-class-382 pa t30622 l43934 ls3474">size </span><span class="pp-class-382 pa t30622 l43935 ls1099">and </span><span class="pp-class-382 pa t30622 l43936 ls3435">nature </span><span class="pp-class-382 pa t30622 l43937 ls103">of </span><span class="pp-class-382 pa t30622 l43938 ls1099">the </span><span class="pp-class-382 pa t30622 l43939 ls1118">item. </span><span class="pp-class-382 pa t30622 l43940 ls858">The </span><span class="pp-class-382 pa t30622 l43941 ls2694">deciding </span><span class="pp-class-382 pa t30622 l43942 ls2760">factor </span><span class="pp-class-382 pa t30622 l43943 ls1080">is </span><span class="pp-class-382 pa t30622 l43944 ls3474">whether </span><span class="pp-class-382 pa t30622 l43945 ls302">the </span><span class="pp-class-382 pa t30628 l3 ls2694">omission </span><span class="pp-class-382 pa t30628 l43946 ls1080">or </span><span class="pp-class-382 pa t30628 l43947 ls5069">misstatement </span><span class="pp-class-382 pa t30628 l43948 ls2486">could, </span><span class="pp-class-382 pa t30628 l42523 ls4299">individually </span><span class="pp-class-382 pa t30628 l43949 ls1080">or </span><span class="pp-class-382 pa t30628 l43950 ls3310">collectively, </span><span class="pp-class-382 pa t30628 l43951 ls1859">influence </span><span class="pp-class-382 pa t30628 l43952 ls1099">the </span><span class="pp-class-382 pa t30628 l43953 ls2694">economic </span><span class="pp-class-382 pa t30628 l43954 ls1073">decisions </span><span class="pp-class-382 pa t30628 l43955 ls1772">made </span><span class="pp-class-382 pa t30628 l43956 ls2784">by </span><span class="pp-class-382 pa t30628 l43957 ls302">the </span><span class="pp-class-382 pa t30634 l3 ls3572">primary </span><span class="pp-class-382 pa t30634 l43958 ls1759">users </span><span class="pp-class-382 pa t30634 l43959 ls1080">on </span><span class="pp-class-382 pa t30634 l43960 ls858">the </span><span class="pp-class-382 pa t30634 l43961 ls1759">basis </span><span class="pp-class-382 pa t30634 l12464 ls103">of </span><span class="pp-class-382 pa t30634 l43962 ls858">the </span><span class="pp-class-382 pa t30634 l43963 ls2088">consolidated </span><span class="pp-class-382 pa t30634 l43964 ls1073">financial </span><span class="pp-class-382 pa t30634 l43965 ls2854">statements. </span><span class="pp-class-382 pa t30634 l43966 ls1080">In </span><span class="pp-class-382 pa t30634 l43967 ls1126">particular </span><span class="pp-class-382 pa t30634 l43968 ls6360">circumstances, </span><span class="pp-class-382 pa t30634 l43969 ls2486">either </span><span class="pp-class-382 pa t30634 l43970 ls302">the </span><span class="pp-class-382 pa t30807 l3 ls3435">nature </span><span class="pp-class-382 pa t30807 l43971 ls1080">or </span><span class="pp-class-382 pa t30807 l43972 ls1099">the </span><span class="pp-class-382 pa t30807 l43973 ls1073">amount </span><span class="pp-class-382 pa t30807 l17440 ls103">of </span><span class="pp-class-382 pa t30807 l43974 ls1080">an </span><span class="pp-class-382 pa t30807 l43975 ls1073">item </span><span class="pp-class-382 pa t30807 l43976 ls1080">or </span><span class="pp-class-382 pa t30807 l43977 ls1080">an </span><span class="pp-class-382 pa t30807 l43978 ls3458">aggregate </span><span class="pp-class-382 pa t30807 l43979 ls103">of </span><span class="pp-class-382 pa t30807 l43980 ls1118">items </span><span class="pp-class-382 pa t30807 l43981 ls1759">could </span><span class="pp-class-382 pa t30807 l43982 ls1080">be </span><span class="pp-class-382 pa t30807 l43983 ls1099">the </span><span class="pp-class-382 pa t30807 l43984 ls2489">determining </span><span class="pp-class-382 pa t30807 l43985 ls731">factor.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30649 l3 ls7752">Alternative </span><span class="pp-class-383 pa t30649 l43916 ls296">performance </span><span class="pp-class-383 pa t30649 l43986 ls1859">measures</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30655 l3 ls1080">In </span><span class="pp-class-382 pa t30655 l43891 ls858">the </span><span class="pp-class-382 pa t30655 l43987 ls2486">Annual </span><span class="pp-class-382 pa t30655 l3906 ls1080">Report </span><span class="pp-class-382 pa t30655 l43988 ls1323">DFDS </span><span class="pp-class-382 pa t30655 l43989 ls2127">presents </span><span class="pp-class-382 pa t30655 l43990 ls99">certain </span><span class="pp-class-382 pa t30655 l43991 ls1073">financial </span><span class="pp-class-382 pa t30655 l43992 ls1321">performance </span><span class="pp-class-382 pa t30655 l43993 ls8853">measures </span><span class="pp-class-382 pa t30655 l43994 ls1323">such </span><span class="pp-class-382 pa t30655 l43995 ls1080">as </span><span class="pp-class-382 pa t30655 l43996 ls6360">subtotals </span><span class="pp-class-382 pa t30655 l43997 ls858">and </span><span class="pp-class-382 pa t30655 l43998 ls3458">key </span><span class="pp-class-382 pa t387 l3 ls1150">figures </span><span class="pp-class-382 pa t387 l9503 ls1759">which </span><span class="pp-class-382 pa t387 l43999 ls800">are </span><span class="pp-class-382 pa t387 l44000 ls830">not </span><span class="pp-class-382 pa t387 l19973 ls3435">required </span><span class="pp-class-382 pa t387 l44001 ls1080">or </span><span class="pp-class-382 pa t387 l44002 ls1305">defined </span><span class="pp-class-382 pa t387 l44003 ls1759">under </span><span class="pp-class-382 pa t387 l164 ls1941">IFRS. </span><span class="pp-class-382 pa t387 l44004 ls1080">It </span><span class="pp-class-382 pa t387 l44005 ls1080">is </span><span class="pp-class-382 pa t387 l31685 ls2970">considered </span><span class="pp-class-382 pa t387 l44006 ls6360">that </span><span class="pp-class-382 pa t387 l44007 ls1759">these </span><span class="pp-class-382 pa t387 l44008 ls2688">alternative </span><span class="pp-class-382 pa t387 l44009 ls8853">measures </span><span class="pp-class-382 pa t387 l44010 ls4305">provide </span><span class="pp-class-382 pa t30670 l3 ls2132">relevant </span><span class="pp-class-382 pa t30670 l44011 ls1073">supplementary </span><span class="pp-class-382 pa t30670 l44012 ls1148">information </span><span class="pp-class-382 pa t30670 l44013 ls3278">for </span><span class="pp-class-382 pa t30670 l44014 ls858">the </span><span class="pp-class-382 pa t30670 l75 ls3105">stakeholders </span><span class="pp-class-382 pa t30670 l44015 ls103">of </span><span class="pp-class-382 pa t30670 l44016 ls1323">DFDS.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30682 l3 ls1772">For </span><span class="pp-class-382 pa t30682 l44017 ls830">definitions </span><span class="pp-class-382 pa t30682 l44018 ls103">of </span><span class="pp-class-382 pa t30682 l44019 ls1057">key </span><span class="pp-class-382 pa t30682 l44020 ls1150">figures </span><span class="pp-class-382 pa t30682 l44021 ls2486">please </span><span class="pp-class-382 pa t30682 l44022 ls3435">refer </span><span class="pp-class-382 pa t30682 l44023 ls1759">to </span><span class="pp-class-382 pa t30682 l44024 ls1099">the </span><span class="pp-class-382 pa t30682 l44025 ls1271">sections </span><span class="pp-class-382 pa t30682 l44026 ls819">‘Financial </span><span class="pp-class-382 pa t30682 l44027 ls1118">definitions’ </span><span class="pp-class-382 pa t30682 l44028 ls858">and </span><span class="pp-class-382 pa t30682 l44029 ls1323">’ESG </span><span class="pp-class-382 pa t30682 l44030 ls7611">definitions’.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30828 l3 ls8853">Climate </span><span class="pp-class-383 pa t30828 l44031 ls7094">related </span><span class="pp-class-383 pa t30828 l37200 ls858">risk</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30689 l3 ls1323">When </span><span class="pp-class-382 pa t30689 l24022 ls960">preparing </span><span class="pp-class-382 pa t30689 l44032 ls858">the </span><span class="pp-class-382 pa t30689 l17719 ls2088">consolidated </span><span class="pp-class-382 pa t30689 l44033 ls1073">financial </span><span class="pp-class-382 pa t30689 l44034 ls2854">statements, </span><span class="pp-class-382 pa t30689 l44035 ls53">management </span><span class="pp-class-382 pa t30689 l44036 ls1073">considers </span><span class="pp-class-382 pa t30689 l44037 ls1150">climate-related </span><span class="pp-class-382 pa t30689 l44038 ls2142">risks, </span><span class="pp-class-382 pa t30689 l44039 ls728">where </span><span class="pp-class-382 pa t30696 l3 ls1759">these </span><span class="pp-class-382 pa t30696 l44040 ls1759">could </span><span class="pp-class-382 pa t30696 l44041 ls2760">potentially </span><span class="pp-class-382 pa t30696 l37850 ls728">impact </span><span class="pp-class-382 pa t30696 l44042 ls2088">reported </span><span class="pp-class-382 pa t30696 l44043 ls1118">amounts </span><span class="pp-class-382 pa t30696 l44044 ls13205">materially. </span><span class="pp-class-382 pa t30696 l44045 ls1099">The </span><span class="pp-class-382 pa t30696 l44046 ls2784">areas </span><span class="pp-class-382 pa t30696 l44047 ls1080">in </span><span class="pp-class-382 pa t30696 l44048 ls1759">which </span><span class="pp-class-382 pa t30696 l44049 ls1150">climate-related </span><span class="pp-class-382 pa t30696 l44050 ls2970">risks </span><span class="pp-class-382 pa t30696 l42895 ls3377">have </span><span class="pp-class-382 pa t30703 l3 ls1323">been </span><span class="pp-class-382 pa t30703 l43769 ls2694">assessed </span><span class="pp-class-382 pa t30703 l18000 ls1083">at </span><span class="pp-class-382 pa t30703 l44051 ls1099">the </span><span class="pp-class-382 pa t30703 l44052 ls858">end </span><span class="pp-class-382 pa t30703 l44053 ls103">of </span><span class="pp-class-382 pa t30703 l44054 ls1150">2024 </span><span class="pp-class-382 pa t30703 l26175 ls800">are </span><span class="pp-class-382 pa t30703 l44055 ls238">included </span><span class="pp-class-382 pa t30703 l12364 ls2486">within </span><span class="pp-class-382 pa t30703 l44056 ls858">the </span><span class="pp-class-382 pa t30703 l44057 ls819">individual </span><span class="pp-class-382 pa t30703 l44058 ls53">notes </span><span class="pp-class-382 pa t30703 l44059 ls2694">outlined </span><span class="pp-class-382 pa t30703 l44060 ls1271">below: </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30707 l3 ls1859">Note </span><span class="pp-class-382 pa t30707 l44061 ls7094">3.1.2 </span><span class="pp-class-382 pa t30707 l44062 ls1101">Non-current </span><span class="pp-class-382 pa t30707 l44063 ls296">tangible </span><span class="pp-class-382 pa t30707 l19401 ls296">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30712 l3 ls1859">Note </span><span class="pp-class-382 pa t30712 l44061 ls3024">3.1.3 </span><span class="pp-class-382 pa t30712 l44062 ls1316">Right-of-use </span><span class="pp-class-382 pa t30712 l44064 ls238">assets </span><span class="pp-class-382 pa t30712 l44065 ls858">and </span><span class="pp-class-382 pa t30712 l44066 ls1759">lease </span><span class="pp-class-382 pa t30712 l44067 ls1759">liabilities </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30720 l3 ls1859">Note </span><span class="pp-class-382 pa t30720 l44061 ls14041">3.1.4 </span><span class="pp-class-382 pa t30720 l44062 ls806">Impairment </span><span class="pp-class-382 pa t30720 l13396 ls1319">testing</span></p> <span class="pp-class-382 pa t30676 l3 ls1080" xmlns="http://www.w3.org/1999/xhtml">On </span><span class="pp-class-382 pa t30676 l43809 ls1080" xmlns="http://www.w3.org/1999/xhtml">21 </span><span class="pp-class-382 pa t30676 l43810 ls1941" xmlns="http://www.w3.org/1999/xhtml">February </span><span class="pp-class-382 pa t30676 l43811 ls2851" xmlns="http://www.w3.org/1999/xhtml">2025, </span><span class="pp-class-382 pa t30676 l43812 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30676 l43813 ls2784" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-382 pa t30676 l43814 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30676 l43815 ls2944" xmlns="http://www.w3.org/1999/xhtml">Directors </span><span class="pp-class-382 pa t30676 l43816 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t30676 l43817 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30676 l43818 ls1463" xmlns="http://www.w3.org/1999/xhtml">Executive </span><span class="pp-class-382 pa t30676 l43819 ls53" xmlns="http://www.w3.org/1999/xhtml">Management </span><span class="pp-class-382 pa t30676 l43820 ls2784" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-382 pa t30676 l43821 ls2970" xmlns="http://www.w3.org/1999/xhtml">considered </span><span class="pp-class-382 pa t30676 l43822 ls1099" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t30676 l43823 ls3435" xmlns="http://www.w3.org/1999/xhtml">approved </span><span class="pp-class-382 pa t30682 l3 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30682 l43824 ls1150" xmlns="http://www.w3.org/1999/xhtml">2024 </span><span class="pp-class-382 pa t30682 l29904 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30682 l34507 ls1080" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-382 pa t30682 l43825 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30682 l43826 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30682 l43827 ls8853" xmlns="http://www.w3.org/1999/xhtml">A/S. </span><span class="pp-class-382 pa t30682 l43828 ls1099" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-382 pa t30682 l6401 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30682 l43829 ls1080" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-382 pa t30682 l43830 ls1323" xmlns="http://www.w3.org/1999/xhtml">will </span><span class="pp-class-382 pa t30682 l43831 ls1080" xmlns="http://www.w3.org/1999/xhtml">be </span><span class="pp-class-382 pa t30682 l43832 ls852" xmlns="http://www.w3.org/1999/xhtml">presented </span><span class="pp-class-382 pa t30682 l43833 ls1759" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-382 pa t30682 l43834 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30682 l43835 ls3105" xmlns="http://www.w3.org/1999/xhtml">shareholders </span><span class="pp-class-382 pa t30682 l43836 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t30682 l43837 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t30682 l43838 ls1868" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-382 pa t30682 l43839 ls99" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t30687 l3 ls185" xmlns="http://www.w3.org/1999/xhtml">approval </span><span class="pp-class-382 pa t30687 l43840 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t30687 l43841 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t30687 l43842 ls2842" xmlns="http://www.w3.org/1999/xhtml">ordinary </span><span class="pp-class-382 pa t30687 l43843 ls2486" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-382 pa t30687 l43844 ls1150" xmlns="http://www.w3.org/1999/xhtml">General </span><span class="pp-class-382 pa t30687 l40562 ls3474" xmlns="http://www.w3.org/1999/xhtml">Meeting </span><span class="pp-class-382 pa t30687 l43845 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t30687 l43846 ls2760" xmlns="http://www.w3.org/1999/xhtml">24 </span><span class="pp-class-382 pa t30687 l43847 ls2784" xmlns="http://www.w3.org/1999/xhtml">March </span><span class="pp-class-382 pa t30687 l43848 ls3382" xmlns="http://www.w3.org/1999/xhtml">2025.</span> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t44074 l3 ls1759">Basis </span><span class="pp-class-383 pa t44074 l34198 ls1080">of </span><span class="pp-class-383 pa t44074 l43759 ls803">consolidation</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44075 l3 ls858">The </span><span class="pp-class-382 pa t44075 l16631 ls2088">consolidated </span><span class="pp-class-382 pa t44075 l43904 ls1073">financial </span><span class="pp-class-382 pa t44075 l43905 ls1244">statements </span><span class="pp-class-382 pa t44075 l41609 ls238">includes </span><span class="pp-class-382 pa t44075 l44076 ls1099">the </span><span class="pp-class-382 pa t44075 l44077 ls7096">Parent </span><span class="pp-class-382 pa t44075 l44078 ls2489">company </span><span class="pp-class-382 pa t44075 l44079 ls1323">DFDS </span><span class="pp-class-382 pa t44075 l44080 ls1868">A/S </span><span class="pp-class-382 pa t44075 l44081 ls1099">and </span><span class="pp-class-382 pa t44075 l44082 ls858">the </span><span class="pp-class-382 pa t44075 l44083 ls830">subsidiaries </span><span class="pp-class-382 pa t44075 l44084 ls1080">in </span><span class="pp-class-382 pa t44075 l44085 ls1080">which </span><span class="pp-class-382 pa t44086 l3 ls858">the </span><span class="pp-class-382 pa t44086 l43824 ls7096">Parent </span><span class="pp-class-382 pa t44086 l42469 ls2489">company </span><span class="pp-class-382 pa t44086 l44087 ls2127">controls </span><span class="pp-class-382 pa t44086 l44088 ls858">the </span><span class="pp-class-382 pa t44086 l22505 ls1073">financial </span><span class="pp-class-382 pa t44086 l15595 ls1099">and </span><span class="pp-class-382 pa t44086 l44089 ls2944">operational </span><span class="pp-class-382 pa t44086 l44090 ls1073">policies. </span><span class="pp-class-382 pa t44086 l44091 ls852">Control </span><span class="pp-class-382 pa t44086 l44092 ls1080">is </span><span class="pp-class-382 pa t44086 l44093 ls3278">obtained </span><span class="pp-class-382 pa t44086 l44094 ls1323">when </span><span class="pp-class-382 pa t44086 l44095 ls858">the </span><span class="pp-class-382 pa t44086 l43795 ls728">Group </span><span class="pp-class-382 pa t44096 l3 ls2143">directly </span><span class="pp-class-382 pa t44096 l22875 ls1080">or </span><span class="pp-class-382 pa t44096 l44097 ls2671">indirectly </span><span class="pp-class-382 pa t44096 l44098 ls1759">holds </span><span class="pp-class-382 pa t44096 l44099 ls1243">more </span><span class="pp-class-382 pa t44096 l44100 ls1323">than </span><span class="pp-class-382 pa t44096 l44101 ls858">50% </span><span class="pp-class-382 pa t44096 l44102 ls103">of </span><span class="pp-class-382 pa t44096 l16529 ls858">the </span><span class="pp-class-382 pa t44096 l44103 ls1148">voting </span><span class="pp-class-382 pa t44096 l44104 ls1073">rights </span><span class="pp-class-382 pa t44096 l44105 ls1080">in </span><span class="pp-class-382 pa t44096 l44106 ls1099">the </span><span class="pp-class-382 pa t44096 l44107 ls1701">enterprise </span><span class="pp-class-382 pa t44096 l44108 ls138">(i.e. </span><span class="pp-class-382 pa t44096 l44109 ls869">subsidiary) </span><span class="pp-class-382 pa t44096 l44110 ls1080">or </span><span class="pp-class-382 pa t44096 l44111 ls1080">if </span><span class="pp-class-382 pa t44096 l44112 ls230">it, </span><span class="pp-class-382 pa t44096 l44113 ls1080">in </span><span class="pp-class-382 pa t44096 l44114 ls1955">some </span><span class="pp-class-382 pa t44115 l3 ls296">other </span><span class="pp-class-382 pa t44115 l43926 ls44116">way, </span><span class="pp-class-382 pa t44115 l44117 ls2127">controls </span><span class="pp-class-382 pa t44115 l44118 ls1099">the </span><span class="pp-class-382 pa t44115 l44119 ls688">enterprise. </span><span class="pp-class-382 pa t44115 l44120 ls10900">Further, </span><span class="pp-class-382 pa t44115 l44121 ls852">control </span><span class="pp-class-382 pa t44115 l44122 ls1323">also </span><span class="pp-class-382 pa t44115 l44123 ls1237">implies </span><span class="pp-class-382 pa t44115 l44124 ls6360">that </span><span class="pp-class-382 pa t44115 l44125 ls858">the </span><span class="pp-class-382 pa t44115 l44126 ls2784">Group </span><span class="pp-class-382 pa t44115 l44127 ls1080">is </span><span class="pp-class-382 pa t44115 l44128 ls8853">exposed, </span><span class="pp-class-382 pa t44115 l44129 ls1080">or </span><span class="pp-class-382 pa t44115 l44130 ls858">has </span><span class="pp-class-382 pa t44115 l44131 ls1118">rights, </span><span class="pp-class-382 pa t44115 l44132 ls302">to </span><span class="pp-class-382 pa t44133 l3 ls2088">variable </span><span class="pp-class-382 pa t44133 l44134 ls2787">returns </span><span class="pp-class-382 pa t44133 l44135 ls1243">from </span><span class="pp-class-382 pa t44133 l44136 ls858">its </span><span class="pp-class-382 pa t44133 l44137 ls4652">involvement </span><span class="pp-class-382 pa t44133 l44138 ls1323">with </span><span class="pp-class-382 pa t44133 l44139 ls1099">the </span><span class="pp-class-382 pa t44133 l16251 ls2784">investee </span><span class="pp-class-382 pa t44133 l44140 ls1099">and </span><span class="pp-class-382 pa t44133 l44141 ls1099">has </span><span class="pp-class-382 pa t44133 l44142 ls858">the </span><span class="pp-class-382 pa t44133 l44143 ls1237">ability </span><span class="pp-class-382 pa t44133 l44144 ls1759">to </span><span class="pp-class-382 pa t44133 l44145 ls852">affect </span><span class="pp-class-382 pa t44133 l44146 ls1759">those </span><span class="pp-class-382 pa t44133 l44147 ls2787">returns </span><span class="pp-class-382 pa t44133 l44148 ls1150">through </span><span class="pp-class-382 pa t44133 l44149 ls302">its </span><span class="pp-class-382 pa t44150 l3 ls646">power </span><span class="pp-class-382 pa t44150 l3321 ls2671">over </span><span class="pp-class-382 pa t44150 l41630 ls858">the </span><span class="pp-class-382 pa t44150 l44151 ls2760">investee. </span><span class="pp-class-382 pa t44150 l44152 ls858">The </span><span class="pp-class-382 pa t44150 l44153 ls7096">Parent </span><span class="pp-class-382 pa t44150 l44154 ls2489">company </span><span class="pp-class-382 pa t44150 l44155 ls858">and </span><span class="pp-class-382 pa t44150 l44156 ls1099">its </span><span class="pp-class-382 pa t44150 l44157 ls830">subsidiaries </span><span class="pp-class-382 pa t44150 l29886 ls800">are </span><span class="pp-class-382 pa t44150 l44158 ls2955">referred </span><span class="pp-class-382 pa t44150 l44159 ls1759">to </span><span class="pp-class-382 pa t44150 l44160 ls1080">as </span><span class="pp-class-382 pa t44150 l44161 ls1099">the </span><span class="pp-class-382 pa t44150 l44162 ls7094">Group.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44163 l3 ls858">The </span><span class="pp-class-382 pa t44163 l16631 ls2088">consolidated </span><span class="pp-class-382 pa t44163 l43904 ls1073">financial </span><span class="pp-class-382 pa t44163 l43905 ls1244">statements </span><span class="pp-class-382 pa t44163 l41609 ls800">are </span><span class="pp-class-382 pa t44163 l44164 ls1759">based </span><span class="pp-class-382 pa t44163 l44165 ls1080">on </span><span class="pp-class-382 pa t44163 l44166 ls858">the </span><span class="pp-class-382 pa t44163 l44167 ls7096">Parent </span><span class="pp-class-382 pa t44163 l44168 ls2489">company </span><span class="pp-class-382 pa t44163 l44169 ls858">and </span><span class="pp-class-382 pa t44163 l44170 ls1099">the </span><span class="pp-class-382 pa t44163 l44171 ls830">subsidiaries </span><span class="pp-class-382 pa t44163 l44172 ls858">and </span><span class="pp-class-382 pa t44163 l44173 ls2970">are </span><span class="pp-class-382 pa t44174 l3 ls3435">prepared </span><span class="pp-class-382 pa t44174 l5142 ls2784">by </span><span class="pp-class-382 pa t44174 l30802 ls1073">combining </span><span class="pp-class-382 pa t44174 l44175 ls1118">items </span><span class="pp-class-382 pa t44174 l44176 ls103">of </span><span class="pp-class-382 pa t44174 l44177 ls302">a </span><span class="pp-class-382 pa t44174 l44033 ls2489">uniform </span><span class="pp-class-382 pa t44174 l31806 ls3435">nature </span><span class="pp-class-382 pa t44174 l44178 ls1099">and </span><span class="pp-class-382 pa t44174 l44179 ls688">eliminating </span><span class="pp-class-382 pa t44174 l44180 ls2784">intercompany </span><span class="pp-class-382 pa t44174 l44181 ls852">transactions, </span><span class="pp-class-382 pa t44174 l44182 ls1859">shareholdings, </span><span class="pp-class-382 pa t44183 l3 ls1073">balances, </span><span class="pp-class-382 pa t44183 l44184 ls1099">and </span><span class="pp-class-382 pa t44183 l18552 ls2784">intercompany </span><span class="pp-class-382 pa t44183 l44185 ls1759">gains </span><span class="pp-class-382 pa t44183 l44186 ls858">and </span><span class="pp-class-382 pa t44183 l44187 ls1237">losses. </span><span class="pp-class-382 pa t44183 l44188 ls858">The </span><span class="pp-class-382 pa t44183 l40591 ls2088">consolidated </span><span class="pp-class-382 pa t44183 l44189 ls1073">financial </span><span class="pp-class-382 pa t44183 l44190 ls1244">statements </span><span class="pp-class-382 pa t44183 l44191 ls800">are </span><span class="pp-class-382 pa t44183 l44192 ls3435">prepared </span><span class="pp-class-382 pa t44183 l44193 ls1319">by </span><span class="pp-class-382 pa t44194 l3 ls2944">applying </span><span class="pp-class-382 pa t44194 l44195 ls858">the </span><span class="pp-class-382 pa t44194 l44196 ls1015">Group’s </span><span class="pp-class-382 pa t44194 l44197 ls53">accounting </span><span class="pp-class-382 pa t44194 l44198 ls2694">policies.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44199 l3 ls1244" xmlns="http://www.w3.org/1999/xhtml">Investments </span><span class="pp-class-382 pa t44199 l44200 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44199 l4565 ls830" xmlns="http://www.w3.org/1999/xhtml">subsidiaries </span><span class="pp-class-382 pa t44199 l34241 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44199 l44201 ls803" xmlns="http://www.w3.org/1999/xhtml">eliminated </span><span class="pp-class-382 pa t44199 l44202 ls1772" xmlns="http://www.w3.org/1999/xhtml">against </span><span class="pp-class-382 pa t44199 l44203 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44199 l44204 ls8853" xmlns="http://www.w3.org/1999/xhtml">proportionate </span><span class="pp-class-382 pa t44199 l44205 ls2784" xmlns="http://www.w3.org/1999/xhtml">share </span><span class="pp-class-382 pa t44199 l44206 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t44199 l44207 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44199 l44208 ls1118" xmlns="http://www.w3.org/1999/xhtml">subsidiaries’ </span><span class="pp-class-382 pa t44199 l44209 ls830" xmlns="http://www.w3.org/1999/xhtml">net </span><span class="pp-class-382 pa t44199 l44210 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t44199 l44211 ls5039" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t44212 l3 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t44212 l44213 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44212 l44214 ls1772" xmlns="http://www.w3.org/1999/xhtml">acquisition </span><span class="pp-class-382 pa t44212 l16343 ls1244" xmlns="http://www.w3.org/1999/xhtml">date. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44215 l3 ls858" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-382 pa t44215 l16631 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44215 l44216 ls1244" xmlns="http://www.w3.org/1999/xhtml">investments </span><span class="pp-class-382 pa t44215 l44217 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44215 l44218 ls803" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-382 pa t44215 l44219 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44215 l44220 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44215 l44221 ls11245" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-382 pa t44215 l44222 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44215 l44223 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t44215 l44224 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44215 l44225 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44215 l44226 ls2088" xmlns="http://www.w3.org/1999/xhtml">consolidated </span><span class="pp-class-382 pa t44215 l44227 ls1323" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t44228 l3 ls1244" xmlns="http://www.w3.org/1999/xhtml">statements </span><span class="pp-class-382 pa t44228 l43674 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t44228 l44229 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44228 l8977 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44228 l44230 ls8853" xmlns="http://www.w3.org/1999/xhtml">proportionate </span><span class="pp-class-382 pa t44228 l44231 ls2784" xmlns="http://www.w3.org/1999/xhtml">share </span><span class="pp-class-382 pa t44228 l31114 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t44228 l44232 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44228 l44233 ls11245" xmlns="http://www.w3.org/1999/xhtml">associate’s </span><span class="pp-class-382 pa t44228 l44234 ls302" xmlns="http://www.w3.org/1999/xhtml">/ </span><span class="pp-class-382 pa t44228 l44235 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44228 l44236 ls3123" xmlns="http://www.w3.org/1999/xhtml">venture’s </span><span class="pp-class-382 pa t44228 l44237 ls830" xmlns="http://www.w3.org/1999/xhtml">net </span><span class="pp-class-382 pa t44228 l44238 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t44228 l44239 ls2760" xmlns="http://www.w3.org/1999/xhtml">value. </span><span class="pp-class-382 pa t44228 l44240 ls2113" xmlns="http://www.w3.org/1999/xhtml">Unrealised </span><span class="pp-class-382 pa t44241 l3 ls2784" xmlns="http://www.w3.org/1999/xhtml">intercompany </span><span class="pp-class-382 pa t44241 l44242 ls1759" xmlns="http://www.w3.org/1999/xhtml">gains </span><span class="pp-class-382 pa t44241 l44243 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44241 l6151 ls2486" xmlns="http://www.w3.org/1999/xhtml">losses </span><span class="pp-class-382 pa t44241 l44244 ls1243" xmlns="http://www.w3.org/1999/xhtml">from </span><span class="pp-class-382 pa t44241 l44245 ls3623" xmlns="http://www.w3.org/1999/xhtml">transactions </span><span class="pp-class-382 pa t44241 l44246 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t44241 l44247 ls803" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-382 pa t44241 l44248 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44241 l44249 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44241 l44250 ls11245" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-382 pa t44241 l44251 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44241 l44252 ls803" xmlns="http://www.w3.org/1999/xhtml">eliminated </span><span class="pp-class-382 pa t44241 l44253 ls2784" xmlns="http://www.w3.org/1999/xhtml">by </span><span class="pp-class-382 pa t44241 l44254 ls302" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44255 l3 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44255 l44256 ls2784" xmlns="http://www.w3.org/1999/xhtml">interest </span><span class="pp-class-382 pa t44255 l44257 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44255 l44258 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44255 l20010 ls2531" xmlns="http://www.w3.org/1999/xhtml">respective </span><span class="pp-class-382 pa t44255 l34023 ls2944" xmlns="http://www.w3.org/1999/xhtml">associate/jointly </span><span class="pp-class-382 pa t44255 l44259 ls2854" xmlns="http://www.w3.org/1999/xhtml">controlled </span><span class="pp-class-382 pa t44255 l44260 ls688" xmlns="http://www.w3.org/1999/xhtml">enterprise.</span></p> <span class="pp-class-382 pa t44199 l3 ls1244" xmlns="http://www.w3.org/1999/xhtml">Investments </span><span class="pp-class-382 pa t44199 l44200 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44199 l4565 ls830" xmlns="http://www.w3.org/1999/xhtml">subsidiaries </span><span class="pp-class-382 pa t44199 l34241 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44199 l44201 ls803" xmlns="http://www.w3.org/1999/xhtml">eliminated </span><span class="pp-class-382 pa t44199 l44202 ls1772" xmlns="http://www.w3.org/1999/xhtml">against </span><span class="pp-class-382 pa t44199 l44203 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44199 l44204 ls8853" xmlns="http://www.w3.org/1999/xhtml">proportionate </span><span class="pp-class-382 pa t44199 l44205 ls2784" xmlns="http://www.w3.org/1999/xhtml">share </span><span class="pp-class-382 pa t44199 l44206 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t44199 l44207 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44199 l44208 ls1118" xmlns="http://www.w3.org/1999/xhtml">subsidiaries’ </span><span class="pp-class-382 pa t44199 l44209 ls830" xmlns="http://www.w3.org/1999/xhtml">net </span><span class="pp-class-382 pa t44199 l44210 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t44199 l44211 ls5039" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t44212 l3 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t44212 l44213 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44212 l44214 ls1772" xmlns="http://www.w3.org/1999/xhtml">acquisition </span><span class="pp-class-382 pa t44212 l16343 ls1244" xmlns="http://www.w3.org/1999/xhtml">date. </span> <span class="pp-class-382 pa t44215 l3 ls858" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-382 pa t44215 l16631 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44215 l44216 ls1244" xmlns="http://www.w3.org/1999/xhtml">investments </span><span class="pp-class-382 pa t44215 l44217 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44215 l44218 ls803" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-382 pa t44215 l44219 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44215 l44220 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44215 l44221 ls11245" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-382 pa t44215 l44222 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44215 l44223 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t44215 l44224 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44215 l44225 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44215 l44226 ls2088" xmlns="http://www.w3.org/1999/xhtml">consolidated </span><span class="pp-class-382 pa t44215 l44227 ls1323" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t44228 l3 ls1244" xmlns="http://www.w3.org/1999/xhtml">statements </span><span class="pp-class-382 pa t44228 l43674 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t44228 l44229 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44228 l8977 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44228 l44230 ls8853" xmlns="http://www.w3.org/1999/xhtml">proportionate </span><span class="pp-class-382 pa t44228 l44231 ls2784" xmlns="http://www.w3.org/1999/xhtml">share </span><span class="pp-class-382 pa t44228 l31114 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t44228 l44232 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44228 l44233 ls11245" xmlns="http://www.w3.org/1999/xhtml">associate’s </span><span class="pp-class-382 pa t44228 l44234 ls302" xmlns="http://www.w3.org/1999/xhtml">/ </span><span class="pp-class-382 pa t44228 l44235 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44228 l44236 ls3123" xmlns="http://www.w3.org/1999/xhtml">venture’s </span><span class="pp-class-382 pa t44228 l44237 ls830" xmlns="http://www.w3.org/1999/xhtml">net </span><span class="pp-class-382 pa t44228 l44238 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t44228 l44239 ls2760" xmlns="http://www.w3.org/1999/xhtml">value. </span><span class="pp-class-382 pa t44228 l44240 ls2113" xmlns="http://www.w3.org/1999/xhtml">Unrealised </span><span class="pp-class-382 pa t44241 l3 ls2784" xmlns="http://www.w3.org/1999/xhtml">intercompany </span><span class="pp-class-382 pa t44241 l44242 ls1759" xmlns="http://www.w3.org/1999/xhtml">gains </span><span class="pp-class-382 pa t44241 l44243 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44241 l6151 ls2486" xmlns="http://www.w3.org/1999/xhtml">losses </span><span class="pp-class-382 pa t44241 l44244 ls1243" xmlns="http://www.w3.org/1999/xhtml">from </span><span class="pp-class-382 pa t44241 l44245 ls3623" xmlns="http://www.w3.org/1999/xhtml">transactions </span><span class="pp-class-382 pa t44241 l44246 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t44241 l44247 ls803" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-382 pa t44241 l44248 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44241 l44249 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44241 l44250 ls11245" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-382 pa t44241 l44251 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44241 l44252 ls803" xmlns="http://www.w3.org/1999/xhtml">eliminated </span><span class="pp-class-382 pa t44241 l44253 ls2784" xmlns="http://www.w3.org/1999/xhtml">by </span><span class="pp-class-382 pa t44241 l44254 ls302" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44255 l3 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44255 l44256 ls2784" xmlns="http://www.w3.org/1999/xhtml">interest </span><span class="pp-class-382 pa t44255 l44257 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44255 l44258 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44255 l20010 ls2531" xmlns="http://www.w3.org/1999/xhtml">respective </span><span class="pp-class-382 pa t44255 l34023 ls2944" xmlns="http://www.w3.org/1999/xhtml">associate/jointly </span><span class="pp-class-382 pa t44255 l44259 ls2854" xmlns="http://www.w3.org/1999/xhtml">controlled </span><span class="pp-class-382 pa t44255 l44260 ls688" xmlns="http://www.w3.org/1999/xhtml">enterprise.</span> <span class="pp-class-382 pa t44215 l3 ls858" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-382 pa t44215 l16631 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44215 l44216 ls1244" xmlns="http://www.w3.org/1999/xhtml">investments </span><span class="pp-class-382 pa t44215 l44217 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44215 l44218 ls803" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-382 pa t44215 l44219 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44215 l44220 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44215 l44221 ls11245" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-382 pa t44215 l44222 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44215 l44223 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t44215 l44224 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44215 l44225 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44215 l44226 ls2088" xmlns="http://www.w3.org/1999/xhtml">consolidated </span><span class="pp-class-382 pa t44215 l44227 ls1323" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t44228 l3 ls1244" xmlns="http://www.w3.org/1999/xhtml">statements </span><span class="pp-class-382 pa t44228 l43674 ls1083" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-382 pa t44228 l44229 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44228 l8977 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44228 l44230 ls8853" xmlns="http://www.w3.org/1999/xhtml">proportionate </span><span class="pp-class-382 pa t44228 l44231 ls2784" xmlns="http://www.w3.org/1999/xhtml">share </span><span class="pp-class-382 pa t44228 l31114 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t44228 l44232 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44228 l44233 ls11245" xmlns="http://www.w3.org/1999/xhtml">associate’s </span><span class="pp-class-382 pa t44228 l44234 ls302" xmlns="http://www.w3.org/1999/xhtml">/ </span><span class="pp-class-382 pa t44228 l44235 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44228 l44236 ls3123" xmlns="http://www.w3.org/1999/xhtml">venture’s </span><span class="pp-class-382 pa t44228 l44237 ls830" xmlns="http://www.w3.org/1999/xhtml">net </span><span class="pp-class-382 pa t44228 l44238 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t44228 l44239 ls2760" xmlns="http://www.w3.org/1999/xhtml">value. </span><span class="pp-class-382 pa t44228 l44240 ls2113" xmlns="http://www.w3.org/1999/xhtml">Unrealised </span><span class="pp-class-382 pa t44241 l3 ls2784" xmlns="http://www.w3.org/1999/xhtml">intercompany </span><span class="pp-class-382 pa t44241 l44242 ls1759" xmlns="http://www.w3.org/1999/xhtml">gains </span><span class="pp-class-382 pa t44241 l44243 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44241 l6151 ls2486" xmlns="http://www.w3.org/1999/xhtml">losses </span><span class="pp-class-382 pa t44241 l44244 ls1243" xmlns="http://www.w3.org/1999/xhtml">from </span><span class="pp-class-382 pa t44241 l44245 ls3623" xmlns="http://www.w3.org/1999/xhtml">transactions </span><span class="pp-class-382 pa t44241 l44246 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t44241 l44247 ls803" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-382 pa t44241 l44248 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t44241 l44249 ls1305" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-382 pa t44241 l44250 ls11245" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-382 pa t44241 l44251 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t44241 l44252 ls803" xmlns="http://www.w3.org/1999/xhtml">eliminated </span><span class="pp-class-382 pa t44241 l44253 ls2784" xmlns="http://www.w3.org/1999/xhtml">by </span><span class="pp-class-382 pa t44241 l44254 ls302" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44255 l3 ls1015" xmlns="http://www.w3.org/1999/xhtml">Group’s </span><span class="pp-class-382 pa t44255 l44256 ls2784" xmlns="http://www.w3.org/1999/xhtml">interest </span><span class="pp-class-382 pa t44255 l44257 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t44255 l44258 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t44255 l20010 ls2531" xmlns="http://www.w3.org/1999/xhtml">respective </span><span class="pp-class-382 pa t44255 l34023 ls2944" xmlns="http://www.w3.org/1999/xhtml">associate/jointly </span><span class="pp-class-382 pa t44255 l44259 ls2854" xmlns="http://www.w3.org/1999/xhtml">controlled </span><span class="pp-class-382 pa t44255 l44260 ls688" xmlns="http://www.w3.org/1999/xhtml">enterprise.</span> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t44261 l3 ls4275">Non-controlling </span><span class="pp-class-383 pa t44261 l29876 ls5039">interests</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44262 l3 ls1080">In </span><span class="pp-class-382 pa t44262 l43891 ls858">the </span><span class="pp-class-382 pa t44262 l43987 ls2088">consolidated </span><span class="pp-class-382 pa t44262 l28452 ls1073">financial </span><span class="pp-class-382 pa t44262 l34285 ls2854">statements, </span><span class="pp-class-382 pa t44262 l44263 ls858">the </span><span class="pp-class-382 pa t44262 l44264 ls819">individual </span><span class="pp-class-382 pa t44262 l44265 ls1073">financial </span><span class="pp-class-382 pa t44262 l44266 ls1323">line </span><span class="pp-class-382 pa t44262 l44267 ls1118">items </span><span class="pp-class-382 pa t44262 l44268 ls103">of </span><span class="pp-class-382 pa t44262 l44269 ls830">subsidiaries </span><span class="pp-class-382 pa t44262 l44270 ls800">are </span><span class="pp-class-382 pa t44262 l44271 ls2970">recognised </span><span class="pp-class-382 pa t44262 l44272 ls278">in </span><span class="pp-class-382 pa t44273 l3 ls1759">full. </span><span class="pp-class-382 pa t44273 l44274 ls858">The </span><span class="pp-class-382 pa t44273 l44275 ls2113">non-controlling </span><span class="pp-class-382 pa t44273 l44276 ls1150">interests’ </span><span class="pp-class-382 pa t44273 l44277 ls2784">share </span><span class="pp-class-382 pa t44273 l44278 ls103">of </span><span class="pp-class-382 pa t44273 l44279 ls858">the </span><span class="pp-class-382 pa t44273 l36462 ls2688">results </span><span class="pp-class-382 pa t44273 l44280 ls3278">for </span><span class="pp-class-382 pa t44273 l44281 ls1099">the </span><span class="pp-class-382 pa t44273 l44282 ls960">year </span><span class="pp-class-382 pa t44273 l44283 ls858">and </span><span class="pp-class-382 pa t44273 l44284 ls103">of </span><span class="pp-class-382 pa t44273 l44285 ls858">the </span><span class="pp-class-382 pa t44273 l44286 ls2486">equity </span><span class="pp-class-382 pa t44273 l44287 ls103">of </span><span class="pp-class-382 pa t44273 l44288 ls830">subsidiaries </span><span class="pp-class-382 pa t44273 l44289 ls1759">which </span><span class="pp-class-382 pa t44273 l44290 ls2970">are </span><span class="pp-class-382 pa t44291 l3 ls830">not </span><span class="pp-class-382 pa t44291 l1142 ls2149">wholly </span><span class="pp-class-382 pa t44291 l44292 ls2142">owned </span><span class="pp-class-382 pa t44291 l44293 ls800">are </span><span class="pp-class-382 pa t44291 l44294 ls238">included </span><span class="pp-class-382 pa t44291 l44295 ls1080">in </span><span class="pp-class-382 pa t44291 l44296 ls858">the </span><span class="pp-class-382 pa t44291 l44297 ls1015">Group’s </span><span class="pp-class-382 pa t44291 l44298 ls2688">results </span><span class="pp-class-382 pa t44291 l44299 ls858">and </span><span class="pp-class-382 pa t44291 l44300 ls1057">equity, </span><span class="pp-class-382 pa t44291 l44301 ls3539">respectively, </span><span class="pp-class-382 pa t44291 l44302 ls1099">but </span><span class="pp-class-382 pa t44291 l44303 ls800">are </span><span class="pp-class-382 pa t44291 l44304 ls852">presented </span><span class="pp-class-382 pa t44291 l44305 ls1015">separately </span><span class="pp-class-382 pa t44291 l44306 ls278">in </span><span class="pp-class-382 pa t44307 l3 ls858">the </span><span class="pp-class-382 pa t44307 l43824 ls8853">proposed </span><span class="pp-class-382 pa t44307 l44308 ls1974">profit </span><span class="pp-class-382 pa t44307 l33863 ls852">appropriation </span><span class="pp-class-382 pa t44307 l44309 ls858">and </span><span class="pp-class-382 pa t44307 l44310 ls858">the </span><span class="pp-class-382 pa t44307 l44311 ls1150">statement </span><span class="pp-class-382 pa t44307 l44312 ls103">of </span><span class="pp-class-382 pa t44307 l39081 ls2486">change </span><span class="pp-class-382 pa t44307 l44313 ls1080">in </span><span class="pp-class-382 pa t44307 l44314 ls2147">equity.</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t44315 l3 ls1057">Translation </span><span class="pp-class-383 pa t44315 l44316 ls1080">of </span><span class="pp-class-383 pa t44315 l44317 ls3477">foreign </span><span class="pp-class-383 pa t44315 l44318 ls53">currencies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44319 l3 ls1271">Functional </span><span class="pp-class-382 pa t44319 l44320 ls858">and </span><span class="pp-class-382 pa t44319 l44321 ls1194">presentation </span><span class="pp-class-382 pa t44319 l44322 ls2145">currency</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44323 l3 ls1118">Items </span><span class="pp-class-382 pa t44323 l44324 ls238">included </span><span class="pp-class-382 pa t44323 l44325 ls1080">in </span><span class="pp-class-382 pa t44323 l44326 ls1099">the </span><span class="pp-class-382 pa t44323 l44327 ls1073">financial </span><span class="pp-class-382 pa t44323 l44328 ls1244">statements </span><span class="pp-class-382 pa t44323 l44329 ls103">of </span><span class="pp-class-382 pa t44323 l44330 ls1772">each </span><span class="pp-class-382 pa t44323 l44331 ls103">of </span><span class="pp-class-382 pa t44323 l44332 ls1099">the </span><span class="pp-class-382 pa t44323 l44333 ls1015">Group’s </span><span class="pp-class-382 pa t44323 l44334 ls1701">enterprises </span><span class="pp-class-382 pa t44323 l44335 ls800">are </span><span class="pp-class-382 pa t44323 l44336 ls8853">measured </span><span class="pp-class-382 pa t44323 l44337 ls1759">using </span><span class="pp-class-382 pa t44323 l44338 ls302">the </span><span class="pp-class-382 pa t44339 l3 ls1271">functional </span><span class="pp-class-382 pa t44339 l18495 ls3377">currency </span><span class="pp-class-382 pa t44339 l44340 ls103">of </span><span class="pp-class-382 pa t44339 l44341 ls858">the </span><span class="pp-class-382 pa t44339 l44342 ls3572">primary </span><span class="pp-class-382 pa t44339 l44343 ls2694">economic </span><span class="pp-class-382 pa t44339 l44344 ls1974">environment </span><span class="pp-class-382 pa t44339 l44345 ls1080">in </span><span class="pp-class-382 pa t44339 l44346 ls1759">which </span><span class="pp-class-382 pa t44339 l44347 ls858">the </span><span class="pp-class-382 pa t44339 l44348 ls1701">enterprise </span><span class="pp-class-382 pa t44339 l44349 ls3377">operates. </span><span class="pp-class-382 pa t44339 l44350 ls1099">The </span><span class="pp-class-382 pa t44339 l44351 ls2489">consolidated </span><span class="pp-class-382 pa t44352 l3 ls1073">financial </span><span class="pp-class-382 pa t44352 l4513 ls1244">statements </span><span class="pp-class-382 pa t44352 l44353 ls800">are </span><span class="pp-class-382 pa t44352 l44354 ls852">presented </span><span class="pp-class-382 pa t44352 l44355 ls1080">in </span><span class="pp-class-382 pa t44352 l44356 ls2486">Danish </span><span class="pp-class-382 pa t44352 l44357 ls1083">Kroner </span><span class="pp-class-382 pa t44352 l44358 ls1759">(DKK).</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t44315 l3 ls1057">Translation </span><span class="pp-class-383 pa t44315 l44316 ls1080">of </span><span class="pp-class-383 pa t44315 l44317 ls3477">foreign </span><span class="pp-class-383 pa t44315 l44318 ls53">currencies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44319 l3 ls1271">Functional </span><span class="pp-class-382 pa t44319 l44320 ls858">and </span><span class="pp-class-382 pa t44319 l44321 ls1194">presentation </span><span class="pp-class-382 pa t44319 l44322 ls2145">currency</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44323 l3 ls1118">Items </span><span class="pp-class-382 pa t44323 l44324 ls238">included </span><span class="pp-class-382 pa t44323 l44325 ls1080">in </span><span class="pp-class-382 pa t44323 l44326 ls1099">the </span><span class="pp-class-382 pa t44323 l44327 ls1073">financial </span><span class="pp-class-382 pa t44323 l44328 ls1244">statements </span><span class="pp-class-382 pa t44323 l44329 ls103">of </span><span class="pp-class-382 pa t44323 l44330 ls1772">each </span><span class="pp-class-382 pa t44323 l44331 ls103">of </span><span class="pp-class-382 pa t44323 l44332 ls1099">the </span><span class="pp-class-382 pa t44323 l44333 ls1015">Group’s </span><span class="pp-class-382 pa t44323 l44334 ls1701">enterprises </span><span class="pp-class-382 pa t44323 l44335 ls800">are </span><span class="pp-class-382 pa t44323 l44336 ls8853">measured </span><span class="pp-class-382 pa t44323 l44337 ls1759">using </span><span class="pp-class-382 pa t44323 l44338 ls302">the </span><span class="pp-class-382 pa t44339 l3 ls1271">functional </span><span class="pp-class-382 pa t44339 l18495 ls3377">currency </span><span class="pp-class-382 pa t44339 l44340 ls103">of </span><span class="pp-class-382 pa t44339 l44341 ls858">the </span><span class="pp-class-382 pa t44339 l44342 ls3572">primary </span><span class="pp-class-382 pa t44339 l44343 ls2694">economic </span><span class="pp-class-382 pa t44339 l44344 ls1974">environment </span><span class="pp-class-382 pa t44339 l44345 ls1080">in </span><span class="pp-class-382 pa t44339 l44346 ls1759">which </span><span class="pp-class-382 pa t44339 l44347 ls858">the </span><span class="pp-class-382 pa t44339 l44348 ls1701">enterprise </span><span class="pp-class-382 pa t44339 l44349 ls3377">operates. </span><span class="pp-class-382 pa t44339 l44350 ls1099">The </span><span class="pp-class-382 pa t44339 l44351 ls2489">consolidated </span><span class="pp-class-382 pa t44352 l3 ls1073">financial </span><span class="pp-class-382 pa t44352 l4513 ls1244">statements </span><span class="pp-class-382 pa t44352 l44353 ls800">are </span><span class="pp-class-382 pa t44352 l44354 ls852">presented </span><span class="pp-class-382 pa t44352 l44355 ls1080">in </span><span class="pp-class-382 pa t44352 l44356 ls2486">Danish </span><span class="pp-class-382 pa t44352 l44357 ls1083">Kroner </span><span class="pp-class-382 pa t44352 l44358 ls1759">(DKK).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44359 l3 ls12399">Translation </span><span class="pp-class-382 pa t44359 l44360 ls103">of </span><span class="pp-class-382 pa t44359 l44361 ls3623">transactions </span><span class="pp-class-382 pa t44359 l44362 ls858">and </span><span class="pp-class-382 pa t44359 l44363 ls1237">balances</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t44364 l3 ls1080">On </span><span class="pp-class-382 pa t44364 l43809 ls1237">initial </span><span class="pp-class-382 pa t44364 l44365 ls3105">recognition, </span><span class="pp-class-382 pa t44364 l9130 ls1463">foreign </span><span class="pp-class-382 pa t44364 l44366 ls3377">currency </span><span class="pp-class-382 pa t44364 l44367 ls3623">transactions </span><span class="pp-class-382 pa t44364 l44368 ls800">are </span><span class="pp-class-382 pa t44364 l44369 ls2688">translated </span><span class="pp-class-382 pa t44364 l44370 ls3474">into </span><span class="pp-class-382 pa t44364 l44371 ls1099">the </span><span class="pp-class-382 pa t44364 l44372 ls1271">functional </span><span class="pp-class-382 pa t44364 l44373 ls3377">currency </span><span class="pp-class-382 pa t44364 l44374 ls1759">using </span><span class="pp-class-382 pa t44364 l44375 ls302">the </span><span class="pp-class-382 pa t44376 l3 ls3435">exchange </span><span class="pp-class-382 pa t44376 l14877 ls3216">rate </span><span class="pp-class-382 pa t44376 l44377 ls3435">prevailing </span><span class="pp-class-382 pa t44376 l44378 ls1083">at </span><span class="pp-class-382 pa t44376 l44379 ls858">the </span><span class="pp-class-382 pa t44376 l44380 ls852">date </span><span class="pp-class-382 pa t44376 l44381 ls103">of </span><span class="pp-class-382 pa t44376 l44382 ls3623">transaction. </span><span class="pp-class-382 pa t44376 l44383 ls3377">Currency </span><span class="pp-class-382 pa t44376 l44384 ls1759">gains </span><span class="pp-class-382 pa t44376 l44385 ls1099">and </span><span class="pp-class-382 pa t44376 l44386 ls2486">losses </span><span class="pp-class-382 pa t44376 l44387 ls2944">resulting </span><span class="pp-class-382 pa t44376 l44388 ls1243">from </span><span class="pp-class-382 pa t44376 l44389 ls1099">the </span><span class="pp-class-382 pa t44376 l44390 ls2970">settlement </span><span class="pp-class-382 pa t44376 l44391 ls134">of </span><span class="pp-class-382 pa t44392 l3 ls1759">these </span><span class="pp-class-382 pa t44392 l44040 ls3623">transactions </span><span class="pp-class-382 pa t44392 l44393 ls1080">as </span><span class="pp-class-382 pa t44392 l44394 ls960">well </span><span class="pp-class-382 pa t44392 l1602 ls1080">as </span><span class="pp-class-382 pa t44392 l17527 ls1243">from </span><span class="pp-class-382 pa t44392 l44395 ls858">the </span><span class="pp-class-382 pa t44392 l44396 ls2944">translation </span><span class="pp-class-382 pa t44392 l44397 ls1083">at </span><span class="pp-class-382 pa t44392 l44398 ls2760">year-end </span><span class="pp-class-382 pa t44392 l44399 ls3435">exchange </span><span class="pp-class-382 pa t44392 l44400 ls2769">rates </span><span class="pp-class-382 pa t44392 l44401 ls103">of </span><span class="pp-class-382 pa t44392 l44402 ls2694">monetary </span><span class="pp-class-382 pa t44392 l44403 ls238">assets </span><span class="pp-class-382 pa t44392 l44404 ls302">and </span><span class="pp-class-382 pa t44405 l3 ls1118">liabilities </span><span class="pp-class-382 pa t44405 l44406 ls728">denominated </span><span class="pp-class-382 pa t44405 l44407 ls1080">in </span><span class="pp-class-382 pa t44405 l44408 ls1463">foreign </span><span class="pp-class-382 pa t44405 l44409 ls2970">currencies </span><span class="pp-class-382 pa t44405 l44410 ls800">are </span><span class="pp-class-382 pa t44405 l44411 ls2970">recognised </span><span class="pp-class-382 pa t44405 l44412 ls1080">in </span><span class="pp-class-382 pa t44405 l44413 ls858">the </span><span class="pp-class-382 pa t44405 l44414 ls2486">income </span><span class="pp-class-382 pa t44405 l44415 ls1150">statement </span><span class="pp-class-382 pa t44405 l44416 ls1080">as </span><span class="pp-class-382 pa t44405 l43884 ls1073">financial </span><span class="pp-class-382 pa t44405 l44417 ls2486">income </span><span class="pp-class-382 pa t44405 l44418 ls278">or </span><span class="pp-class-382 pa t44419 l3 ls1323">cost </span><span class="pp-class-382 pa t44419 l44420 ls3382">except </span><span class="pp-class-382 pa t44419 l44421 ls1323">when </span><span class="pp-class-382 pa t44419 l44422 ls828">deferred </span><span class="pp-class-382 pa t44419 l30057 ls1080">in </span><span class="pp-class-382 pa t44419 l44423 ls2486">equity </span><span class="pp-class-382 pa t44419 l44424 ls1080">as </span><span class="pp-class-382 pa t44419 l44425 ls1759">qualifying </span><span class="pp-class-382 pa t44419 l44426 ls3278">for </span><span class="pp-class-382 pa t44419 l44427 ls1323">cash </span><span class="pp-class-382 pa t44419 l44428 ls960">flow </span><span class="pp-class-382 pa t44419 l44429 ls2486">hedges.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30568 l3 ls3377">Currency </span><span class="pp-class-382 pa t30568 l44431 ls1759">gains </span><span class="pp-class-382 pa t30568 l44432 ls858">and </span><span class="pp-class-382 pa t30568 l19048 ls2486">losses </span><span class="pp-class-382 pa t30568 l44433 ls1080">on </span><span class="pp-class-382 pa t30568 l44434 ls1077">non-monetary </span><span class="pp-class-382 pa t30568 l44435 ls1118">items </span><span class="pp-class-382 pa t30568 l44436 ls2970">recognised </span><span class="pp-class-382 pa t30568 l44437 ls1083">at </span><span class="pp-class-382 pa t30568 l44438 ls3278">fair </span><span class="pp-class-382 pa t30568 l44439 ls2760">value, </span><span class="pp-class-382 pa t30568 l44440 ls1323">such </span><span class="pp-class-382 pa t30568 l25969 ls1080">as </span><span class="pp-class-382 pa t30568 l44441 ls819">securities </span><span class="pp-class-382 pa t30568 l44442 ls8853">measured </span><span class="pp-class-382 pa t30568 l44443 ls1073">at </span><span class="pp-class-382 pa t30575 l3 ls1772">Fair </span><span class="pp-class-382 pa t30575 l44444 ls3230">Value </span><span class="pp-class-382 pa t30575 l44445 ls1150">Through </span><span class="pp-class-382 pa t30575 l34271 ls1974">Profit </span><span class="pp-class-382 pa t30575 l29812 ls858">and </span><span class="pp-class-382 pa t30575 l27879 ls1323">Loss </span><span class="pp-class-382 pa t30575 l17619 ls99">(FVTPL), </span><span class="pp-class-382 pa t30575 l14675 ls800">are </span><span class="pp-class-382 pa t30575 l44446 ls2970">recognised </span><span class="pp-class-382 pa t30575 l44447 ls1080">in </span><span class="pp-class-382 pa t30575 l44448 ls1099">the </span><span class="pp-class-382 pa t30575 l44449 ls1323">same </span><span class="pp-class-382 pa t30575 l44450 ls1323">line </span><span class="pp-class-382 pa t30575 l44451 ls1073">item </span><span class="pp-class-382 pa t30575 l44452 ls1080">as </span><span class="pp-class-382 pa t30575 l44453 ls1099">the </span><span class="pp-class-382 pa t30575 l44454 ls3278">fair </span><span class="pp-class-382 pa t30575 l44455 ls1083">value </span><span class="pp-class-382 pa t30575 l44456 ls1323">gain </span><span class="pp-class-382 pa t30575 l44457 ls1080">or </span><span class="pp-class-382 pa t30575 l44458 ls1323">loss.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30588 l3 ls1101">Non-current </span><span class="pp-class-382 pa t30588 l44459 ls238">assets </span><span class="pp-class-382 pa t30588 l44460 ls1316">acquired </span><span class="pp-class-382 pa t30588 l313 ls1080">in </span><span class="pp-class-382 pa t30588 l44461 ls1463">foreign </span><span class="pp-class-382 pa t30588 l30970 ls3377">currency </span><span class="pp-class-382 pa t30588 l44462 ls800">are </span><span class="pp-class-382 pa t30588 l44463 ls2688">translated </span><span class="pp-class-382 pa t30588 l20653 ls1083">at </span><span class="pp-class-382 pa t30588 l44464 ls1099">the </span><span class="pp-class-382 pa t30588 l44465 ls3435">exchange </span><span class="pp-class-382 pa t30588 l44466 ls3216">rate </span><span class="pp-class-382 pa t30588 l44467 ls3435">prevailing </span><span class="pp-class-382 pa t30588 l44468 ls1083">at </span><span class="pp-class-382 pa t30588 l44469 ls1099">the </span><span class="pp-class-382 pa t30588 l44470 ls852">date </span><span class="pp-class-382 pa t30588 l44471 ls134">of </span><span class="pp-class-382 pa t30593 l3 ls1772">acquisition. </span><span class="pp-class-382 pa t30593 l44472 ls1759">Gains </span><span class="pp-class-382 pa t30593 l44473 ls858">and </span><span class="pp-class-382 pa t30593 l44474 ls2486">losses </span><span class="pp-class-382 pa t30593 l44475 ls1080">on </span><span class="pp-class-382 pa t30593 l44476 ls2486">hedges </span><span class="pp-class-382 pa t30593 l44477 ls2531">relating </span><span class="pp-class-382 pa t30593 l44478 ls1759">to </span><span class="pp-class-382 pa t30593 l44479 ls858">the </span><span class="pp-class-382 pa t30593 l44480 ls1772">acquisition </span><span class="pp-class-382 pa t30593 l44481 ls103">of </span><span class="pp-class-382 pa t30593 l44482 ls1101">non-current </span><span class="pp-class-382 pa t30593 l44483 ls238">assets </span><span class="pp-class-382 pa t30593 l20455 ls800">are </span><span class="pp-class-382 pa t30593 l44484 ls2970">recognised </span><span class="pp-class-382 pa t30593 l44485 ls278">as </span><span class="pp-class-382 pa t30606 l3 ls658">part </span><span class="pp-class-382 pa t30606 l6838 ls103">of </span><span class="pp-class-382 pa t30606 l44486 ls858">the </span><span class="pp-class-382 pa t30606 l44487 ls1083">value </span><span class="pp-class-382 pa t30606 l34507 ls103">of </span><span class="pp-class-382 pa t30606 l44488 ls858">the </span><span class="pp-class-382 pa t30606 l44489 ls1101">non-current </span><span class="pp-class-382 pa t30606 l44490 ls296">asset </span><span class="pp-class-382 pa t30606 l44491 ls1083">at </span><span class="pp-class-382 pa t30606 l44492 ls858">its </span><span class="pp-class-382 pa t30606 l44493 ls1237">initial </span><span class="pp-class-382 pa t30606 l44494 ls2142">recognition.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30622 l3 ls12399">Translation </span><span class="pp-class-382 pa t30622 l44360 ls103">of </span><span class="pp-class-382 pa t30622 l44361 ls1118">subsidiaries</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30628 l3 ls1080">In </span><span class="pp-class-382 pa t30628 l43891 ls858">the </span><span class="pp-class-382 pa t30628 l43987 ls2088">consolidated </span><span class="pp-class-382 pa t30628 l28452 ls1073">financial </span><span class="pp-class-382 pa t30628 l34285 ls2854">statements, </span><span class="pp-class-382 pa t30628 l44263 ls858">the </span><span class="pp-class-382 pa t30628 l44264 ls2486">Income </span><span class="pp-class-382 pa t30628 l44495 ls1150">statement </span><span class="pp-class-382 pa t30628 l44496 ls1118">items </span><span class="pp-class-382 pa t30628 l44497 ls103">of </span><span class="pp-class-382 pa t30628 l44498 ls830">subsidiaries </span><span class="pp-class-382 pa t30628 l44499 ls1323">with </span><span class="pp-class-382 pa t30628 l44500 ls302">a </span><span class="pp-class-382 pa t30628 l44501 ls1305">functional </span><span class="pp-class-382 pa t30634 l3 ls3377">currency </span><span class="pp-class-382 pa t30634 l44502 ls4305">different </span><span class="pp-class-382 pa t30634 l44503 ls1243">from </span><span class="pp-class-382 pa t30634 l44504 ls858">DKK </span><span class="pp-class-382 pa t30634 l21758 ls800">are </span><span class="pp-class-382 pa t30634 l44505 ls2688">translated </span><span class="pp-class-382 pa t30634 l44506 ls1083">at </span><span class="pp-class-382 pa t30634 l44507 ls858">the </span><span class="pp-class-382 pa t30634 l44508 ls2796">average </span><span class="pp-class-382 pa t30634 l44509 ls3435">exchange </span><span class="pp-class-382 pa t30634 l44510 ls2588">rate, </span><span class="pp-class-382 pa t30634 l44511 ls1759">while </span><span class="pp-class-382 pa t30634 l44512 ls1099">the </span><span class="pp-class-382 pa t30634 l44513 ls1237">balance </span><span class="pp-class-382 pa t30634 l44514 ls296">sheet </span><span class="pp-class-382 pa t30634 l44515 ls1118">items </span><span class="pp-class-382 pa t30634 l44516 ls2970">are </span><span class="pp-class-382 pa t30807 l3 ls2688">translated </span><span class="pp-class-382 pa t30807 l44517 ls1083">at </span><span class="pp-class-382 pa t30807 l44518 ls858">the </span><span class="pp-class-382 pa t30807 l44519 ls3435">exchange </span><span class="pp-class-382 pa t30807 l44520 ls2769">rates </span><span class="pp-class-382 pa t30807 l44521 ls1083">at </span><span class="pp-class-382 pa t30807 l35555 ls1099">the </span><span class="pp-class-382 pa t30807 l44522 ls858">end </span><span class="pp-class-382 pa t30807 l44523 ls103">of </span><span class="pp-class-382 pa t30807 l44524 ls1099">the </span><span class="pp-class-382 pa t30807 l44525 ls53">reporting </span><span class="pp-class-382 pa t30807 l44526 ls2486">period.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30649 l3 ls1243">Foreign </span><span class="pp-class-382 pa t30649 l4290 ls3435">exchange </span><span class="pp-class-382 pa t30649 l16344 ls1868">differences </span><span class="pp-class-382 pa t30649 l44527 ls1237">arising </span><span class="pp-class-382 pa t30649 l32028 ls1080">on </span><span class="pp-class-382 pa t30649 l34291 ls2944">translation </span><span class="pp-class-382 pa t30649 l44528 ls103">of </span><span class="pp-class-382 pa t30649 l44529 ls1323">such </span><span class="pp-class-382 pa t30649 l44530 ls1118">subsidiaries’ </span><span class="pp-class-382 pa t30649 l44531 ls2486">equity </span><span class="pp-class-382 pa t30649 l44532 ls1083">at </span><span class="pp-class-382 pa t30649 l44533 ls1099">the </span><span class="pp-class-382 pa t30649 l44534 ls1073">beginning </span><span class="pp-class-382 pa t30649 l44535 ls103">of </span><span class="pp-class-382 pa t30649 l44536 ls302">the </span><span class="pp-class-382 pa t30655 l3 ls53">reporting </span><span class="pp-class-382 pa t30655 l17191 ls2486">period </span><span class="pp-class-382 pa t30655 l44537 ls1759">to </span><span class="pp-class-382 pa t30655 l31000 ls1099">the </span><span class="pp-class-382 pa t30655 l44538 ls3435">exchange </span><span class="pp-class-382 pa t30655 l44539 ls2769">rates </span><span class="pp-class-382 pa t30655 l44540 ls1083">at </span><span class="pp-class-382 pa t30655 l44541 ls858">the </span><span class="pp-class-382 pa t30655 l44542 ls858">end </span><span class="pp-class-382 pa t30655 l44543 ls103">of </span><span class="pp-class-382 pa t30655 l44544 ls858">the </span><span class="pp-class-382 pa t30655 l44545 ls53">reporting </span><span class="pp-class-382 pa t30655 l44546 ls2486">period </span><span class="pp-class-382 pa t30655 l44547 ls1099">and </span><span class="pp-class-382 pa t30655 l44548 ls1080">on </span><span class="pp-class-382 pa t30655 l44549 ls2944">translation </span><span class="pp-class-382 pa t30655 l44550 ls103">of </span><span class="pp-class-382 pa t30655 l44551 ls858">the </span><span class="pp-class-382 pa t30655 l44552 ls1110">Income </span><span class="pp-class-382 pa t387 l3 ls1244">statements </span><span class="pp-class-382 pa t387 l43674 ls1243">from </span><span class="pp-class-382 pa t387 l44553 ls2796">average </span><span class="pp-class-382 pa t387 l44554 ls3435">exchange </span><span class="pp-class-382 pa t387 l44555 ls2769">rates </span><span class="pp-class-382 pa t387 l44556 ls1759">to </span><span class="pp-class-382 pa t387 l40483 ls1099">the </span><span class="pp-class-382 pa t387 l32397 ls3435">exchange </span><span class="pp-class-382 pa t387 l44557 ls2769">rates </span><span class="pp-class-382 pa t387 l44558 ls1083">at </span><span class="pp-class-382 pa t387 l37399 ls858">the </span><span class="pp-class-382 pa t387 l44559 ls1099">end </span><span class="pp-class-382 pa t387 l44560 ls103">of </span><span class="pp-class-382 pa t387 l44561 ls1099">the </span><span class="pp-class-382 pa t387 l44562 ls53">reporting </span><span class="pp-class-382 pa t387 l44563 ls2486">period </span><span class="pp-class-382 pa t387 l44564 ls2970">are </span><span class="pp-class-382 pa t30670 l3 ls2970">recognised </span><span class="pp-class-382 pa t30670 l44565 ls1080">in </span><span class="pp-class-382 pa t30670 l44566 ls296">other </span><span class="pp-class-382 pa t30670 l44567 ls1974">comprehensive </span><span class="pp-class-382 pa t30670 l12646 ls2486">income </span><span class="pp-class-382 pa t30670 l44568 ls1099">and </span><span class="pp-class-382 pa t30670 l44569 ls3623">attributed </span><span class="pp-class-382 pa t30670 l44570 ls1759">to </span><span class="pp-class-382 pa t30670 l44571 ls302">a </span><span class="pp-class-382 pa t30670 l44572 ls2145">separate </span><span class="pp-class-382 pa t30670 l44573 ls2944">translation </span><span class="pp-class-382 pa t30670 l44574 ls2944">reserve </span><span class="pp-class-382 pa t30670 l44575 ls1759">under </span><span class="pp-class-382 pa t30670 l44576 ls1057">equity. </span><span class="pp-class-382 pa t30670 l44577 ls302">The </span><span class="pp-class-382 pa t30676 l3 ls3435">exchange </span><span class="pp-class-382 pa t30676 l14877 ls3216">rate </span><span class="pp-class-382 pa t30676 l44377 ls53">adjustment </span><span class="pp-class-382 pa t30676 l44578 ls1080">is </span><span class="pp-class-382 pa t30676 l44579 ls3105">allocated </span><span class="pp-class-382 pa t30676 l44580 ls1244">between </span><span class="pp-class-382 pa t30676 l44581 ls858">the </span><span class="pp-class-382 pa t30676 l44582 ls7096">Parent </span><span class="pp-class-382 pa t30676 l44583 ls2944">company’s </span><span class="pp-class-382 pa t30676 l44584 ls1099">and </span><span class="pp-class-382 pa t30676 l44585 ls858">the </span><span class="pp-class-382 pa t30676 l44586 ls2113">non-controlling </span><span class="pp-class-382 pa t30676 l44587 ls1150">interests’ </span><span class="pp-class-382 pa t30676 l44588 ls728">share </span><span class="pp-class-382 pa t30682 l3 ls103">of </span><span class="pp-class-382 pa t30682 l29517 ls2147">equity.</span></p> <div class="pp-class-10" id="pp-id-5036" xmlns="http://www.w3.org/1999/xhtml"><div class="w20349 h44733 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">New </span><span class="pp-class-370 pa t21055 l44734 ls128">accounting </span><span class="pp-class-370 pa t21055 l44735">policies </span><span class="pp-class-370 pa t21055 l44736">and </span><span class="pp-class-370 pa t21055 l44737 ls1259">disclosures</span></p></div></div><div class="pp-class-10" id="pp-id-5037" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h44430 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t328 l3 ls2688">New </span><span class="pp-class-383 pa t328 l44738 ls53">standards </span><span class="pp-class-383 pa t328 l44739 ls858">and </span><span class="pp-class-383 pa t328 l44740 ls2127">interpretations </span><span class="pp-class-383 pa t328 l44741 ls866">not </span><span class="pp-class-383 pa t328 l44742 ls2145">yet </span><span class="pp-class-383 pa t328 l44743 ls2842">adopted</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30568 l3 ls858">The </span><span class="pp-class-382 pa t30568 l16631 ls4275">IASB </span><span class="pp-class-382 pa t30568 l44744 ls858">has </span><span class="pp-class-382 pa t30568 l44745 ls2486">issued </span><span class="pp-class-382 pa t30568 l44746 ls302">a </span><span class="pp-class-382 pa t30568 l44747 ls2486">number </span><span class="pp-class-382 pa t30568 l16289 ls103">of </span><span class="pp-class-382 pa t30568 l44748 ls1237">amended </span><span class="pp-class-382 pa t30568 l44749 ls2127">standards </span><span class="pp-class-382 pa t30568 l44750 ls1099">and </span><span class="pp-class-382 pa t30568 l44751 ls2760">interpretations </span><span class="pp-class-382 pa t30568 l44752 ls1323">with </span><span class="pp-class-382 pa t30568 l44753 ls2784">effective </span><span class="pp-class-382 pa t30568 l44754 ls852">date </span><span class="pp-class-382 pa t30568 l44755 ls1323">post </span><span class="pp-class-382 pa t30568 l44756 ls278">31 </span><span class="pp-class-382 pa t30575 l3 ls2694">December </span><span class="pp-class-382 pa t30575 l18610 ls2854">2024, </span><span class="pp-class-382 pa t30575 l9816 ls1323">some </span><span class="pp-class-382 pa t30575 l44757 ls103">of </span><span class="pp-class-382 pa t30575 l44758 ls1759">which </span><span class="pp-class-382 pa t30575 l30892 ls185">have </span><span class="pp-class-382 pa t30575 l44759 ls830">not </span><span class="pp-class-382 pa t30575 l44760 ls3377">yet </span><span class="pp-class-382 pa t30575 l44761 ls1323">been </span><span class="pp-class-382 pa t30575 l44762 ls2694">endorsed </span><span class="pp-class-382 pa t30575 l44763 ls2784">by </span><span class="pp-class-382 pa t30575 l44764 ls858">the </span><span class="pp-class-382 pa t30575 l44765 ls1868">EU. </span><span class="pp-class-382 pa t30575 l44766 ls1099">The </span><span class="pp-class-382 pa t30575 l44767 ls1150">new </span><span class="pp-class-382 pa t30575 l44768 ls1099">and </span><span class="pp-class-382 pa t30575 l44769 ls1237">amended </span><span class="pp-class-382 pa t30575 l44770 ls2127">standards </span><span class="pp-class-382 pa t30575 l44771 ls302">and </span><span class="pp-class-382 pa t30583 l3 ls2760">interpretations </span><span class="pp-class-382 pa t30583 l44772 ls800">are </span><span class="pp-class-382 pa t30583 l23706 ls830">not </span><span class="pp-class-382 pa t30583 l44773 ls1772">mandatory </span><span class="pp-class-382 pa t30583 l26008 ls3278">for </span><span class="pp-class-382 pa t30583 l44774 ls858">the </span><span class="pp-class-382 pa t30583 l44775 ls1073">financial </span><span class="pp-class-382 pa t30583 l17181 ls53">reporting </span><span class="pp-class-382 pa t30583 l44776 ls3278">for </span><span class="pp-class-382 pa t30583 l44777 ls2854">2024. </span><span class="pp-class-382 pa t30583 l44778 ls1099">The </span><span class="pp-class-382 pa t30583 l44779 ls2784">Group </span><span class="pp-class-382 pa t30583 l44780 ls2787">expects </span><span class="pp-class-382 pa t30583 l44781 ls1759">to </span><span class="pp-class-382 pa t30583 l44782 ls2889">adopt </span><span class="pp-class-382 pa t30583 l44783 ls302">the </span><span class="pp-class-382 pa t30588 l3 ls2127">Standards </span><span class="pp-class-382 pa t30588 l43807 ls858">and </span><span class="pp-class-382 pa t30588 l44784 ls2760">Interpretations </span><span class="pp-class-382 pa t30588 l44785 ls1323">when </span><span class="pp-class-382 pa t30588 l44786 ls960">they </span><span class="pp-class-382 pa t30588 l23101 ls2486">become </span><span class="pp-class-382 pa t30588 l44787 ls2459">mandatory. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30606 l3 ls187">IFRS </span><span class="pp-class-382 pa t30606 l44788 ls1271">18 </span><span class="pp-class-382 pa t30606 l44789 ls1194">Presentation </span><span class="pp-class-382 pa t30606 l44790 ls858">and </span><span class="pp-class-382 pa t30606 l44791 ls2970">Disclosure </span><span class="pp-class-382 pa t30606 l44792 ls1080">in </span><span class="pp-class-382 pa t30606 l44793 ls1073">Financial </span><span class="pp-class-382 pa t30606 l44794 ls1244">Statements </span><span class="pp-class-382 pa t30606 l44795 ls2851">(effective </span><span class="pp-class-382 pa t30606 l44796 ls3278">for </span><span class="pp-class-382 pa t30606 l44797 ls2486">annual </span><span class="pp-class-382 pa t30606 l44798 ls1237">periods </span><span class="pp-class-382 pa t30606 l44799 ls1073">beginning </span><span class="pp-class-382 pa t30606 l44800 ls1080">on </span><span class="pp-class-382 pa t30606 l44801 ls1080">or </span><span class="pp-class-382 pa t30606 l44802 ls1305">after </span><span class="pp-class-382 pa t30615 l3 ls302">1 </span><span class="pp-class-382 pa t30615 l44803 ls3572">January </span><span class="pp-class-382 pa t30615 l14945 ls1271">2027) </span><span class="pp-class-382 pa t30615 l44804 ls1323">will </span><span class="pp-class-382 pa t30615 l44805 ls830">not </span><span class="pp-class-382 pa t30615 l44806 ls728">impact </span><span class="pp-class-382 pa t30615 l12393 ls858">the </span><span class="pp-class-382 pa t30615 l44807 ls2142">recognition </span><span class="pp-class-382 pa t30615 l44808 ls1080">or </span><span class="pp-class-382 pa t30615 l44809 ls960">measurement </span><span class="pp-class-382 pa t30615 l44810 ls103">of </span><span class="pp-class-382 pa t30615 l44811 ls1118">items </span><span class="pp-class-382 pa t30615 l44812 ls1080">in </span><span class="pp-class-382 pa t30615 l44813 ls1099">the </span><span class="pp-class-382 pa t30615 l44814 ls1073">financial </span><span class="pp-class-382 pa t30615 l44815 ls1244">statements </span><span class="pp-class-382 pa t30615 l44816 ls8569">however, </span><span class="pp-class-382 pa t30622 l3 ls1080">it </span><span class="pp-class-382 pa t30622 l44817 ls1323">will </span><span class="pp-class-382 pa t30622 l44818 ls728">impact </span><span class="pp-class-382 pa t30622 l44819 ls1194">presentation </span><span class="pp-class-382 pa t30622 l44820 ls858">and </span><span class="pp-class-382 pa t30622 l44821 ls1083">disclosure.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30634 l3 ls1722">Management </span><span class="pp-class-382 pa t30634 l44822 ls2760">is </span><span class="pp-class-382 pa t30634 l44823 ls5024">currently </span><span class="pp-class-382 pa t30634 l44824 ls3241">assessing </span><span class="pp-class-382 pa t30634 l19348 ls650">the </span><span class="pp-class-382 pa t30634 l44825 ls1789">implications </span><span class="pp-class-382 pa t30634 l44826 ls2531">of </span><span class="pp-class-382 pa t30634 l44827 ls18115">applying </span><span class="pp-class-382 pa t30634 l44828 ls650">the </span><span class="pp-class-382 pa t30634 l44829 ls2949">new </span><span class="pp-class-382 pa t30634 l44830 ls12399">standard. </span><span class="pp-class-382 pa t30634 l44831 ls1772">A </span><span class="pp-class-382 pa t30634 l44832 ls13205">high-level </span><span class="pp-class-382 pa t30634 l44833 ls2588">preliminary </span><span class="pp-class-382 pa t30807 l3 ls3310">assessment </span><span class="pp-class-382 pa t30807 l32199 ls650">has </span><span class="pp-class-382 pa t30807 l44834 ls3310">identified </span><span class="pp-class-382 pa t30807 l44835 ls650">the </span><span class="pp-class-382 pa t30807 l44836 ls4343">following: </span><span class="pp-class-382 pa t30807 l44837 ls9272">grouping </span><span class="pp-class-382 pa t30807 l44838 ls195">items </span><span class="pp-class-382 pa t30807 l44839 ls2531">of </span><span class="pp-class-382 pa t30807 l44840 ls15062">income </span><span class="pp-class-382 pa t30807 l44841 ls650">and </span><span class="pp-class-382 pa t30807 l44842 ls9272">expenses </span><span class="pp-class-382 pa t30807 l44843 ls2760">in </span><span class="pp-class-382 pa t30807 l44780 ls650">the </span><span class="pp-class-382 pa t30807 l44844 ls3036">statement </span><span class="pp-class-382 pa t30807 l44845 ls2531">of </span><span class="pp-class-382 pa t30807 l44846 ls3036">profit </span><span class="pp-class-382 pa t30807 l44847 ls2760">or </span><span class="pp-class-382 pa t30807 l44848 ls1150">loss </span><span class="pp-class-382 pa t30644 l3 ls3216">into </span><span class="pp-class-382 pa t30644 l44849 ls650">the </span><span class="pp-class-382 pa t30644 l44850 ls2949">new </span><span class="pp-class-382 pa t30644 l44851 ls8446">categories </span><span class="pp-class-382 pa t30644 l6315 ls2955">will </span><span class="pp-class-382 pa t30644 l44852 ls7611">impact </span><span class="pp-class-382 pa t30644 l16442 ls2949">how </span><span class="pp-class-382 pa t30644 l44853 ls2766">operating </span><span class="pp-class-382 pa t30644 l44854 ls3036">profit </span><span class="pp-class-382 pa t30644 l44855 ls2760">is </span><span class="pp-class-382 pa t30644 l44856 ls8446">calculated </span><span class="pp-class-382 pa t30644 l44857 ls650">and </span><span class="pp-class-382 pa t30644 l44858 ls1789">reported, </span><span class="pp-class-382 pa t30644 l44859 ls650">and </span><span class="pp-class-382 pa t30644 l44860 ls195">changes </span><span class="pp-class-382 pa t30644 l44861 ls1759">to </span><span class="pp-class-382 pa t30649 l3 ls1789">classification </span><span class="pp-class-382 pa t30649 l43999 ls2531">of </span><span class="pp-class-382 pa t30649 l44862 ls3241">financial </span><span class="pp-class-382 pa t30649 l21371 ls195">items </span><span class="pp-class-382 pa t30649 l44863 ls2760">in </span><span class="pp-class-382 pa t30649 l44864 ls650">the </span><span class="pp-class-382 pa t30649 l44865 ls3036">statement </span><span class="pp-class-382 pa t30649 l16176 ls2531">of </span><span class="pp-class-382 pa t30649 l44866 ls2955">cash </span><span class="pp-class-382 pa t30649 l44867 ls3036">flows </span><span class="pp-class-382 pa t30649 l44868 ls2760">is </span><span class="pp-class-382 pa t30649 l44869 ls1736">expected </span><span class="pp-class-382 pa t30649 l44870 ls650">to </span><span class="pp-class-382 pa t30649 l44871 ls7611">impact </span><span class="pp-class-382 pa t30649 l44872 ls650">the </span><span class="pp-class-382 pa t30649 l44873 ls1049">presented </span><span class="pp-class-382 pa t30649 l44874 ls2955">cash </span><span class="pp-class-382 pa t30649 l44875 ls10900">flows </span><span class="pp-class-382 pa t30655 l3 ls14385">from </span><span class="pp-class-382 pa t30655 l43219 ls721">operating, </span><span class="pp-class-382 pa t30655 l44876 ls7966">investing </span><span class="pp-class-382 pa t30655 l44877 ls650">and </span><span class="pp-class-382 pa t30655 l44878 ls3241">financing </span><span class="pp-class-382 pa t30655 l44879 ls1789">activities, </span><span class="pp-class-382 pa t30655 l44880 ls16064">respectively.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30670 l3 ls2688">New </span><span class="pp-class-383 pa t30670 l44738 ls3105">International </span><span class="pp-class-383 pa t30670 l44881 ls1073">Financial </span><span class="pp-class-383 pa t30670 l44882 ls187">Reporting </span><span class="pp-class-383 pa t30670 l44883 ls53">Standards </span><span class="pp-class-383 pa t30670 l44884 ls1099">and </span><span class="pp-class-383 pa t30670 l44885 ls1868">Interpretations</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30676 l3 ls858">The </span><span class="pp-class-382 pa t30676 l16631 ls2784">Group </span><span class="pp-class-382 pa t30676 l4002 ls858">has </span><span class="pp-class-382 pa t30676 l44886 ls1237">applied </span><span class="pp-class-382 pa t30676 l17604 ls858">the </span><span class="pp-class-382 pa t30676 l44887 ls4299">following </span><span class="pp-class-382 pa t30676 l44888 ls2127">standards </span><span class="pp-class-382 pa t30676 l44889 ls858">and </span><span class="pp-class-382 pa t30676 l44890 ls806">amendments </span><span class="pp-class-382 pa t30676 l44891 ls3278">for </span><span class="pp-class-382 pa t30676 l31728 ls858">the </span><span class="pp-class-382 pa t30676 l44892 ls1759">first </span><span class="pp-class-382 pa t30676 l44893 ls1323">time </span><span class="pp-class-382 pa t30676 l44894 ls3278">for </span><span class="pp-class-382 pa t30676 l44895 ls1099">its </span><span class="pp-class-382 pa t30676 l44896 ls2486">annual </span><span class="pp-class-382 pa t30676 l44897 ls1319">reporting </span><span class="pp-class-382 pa t30682 l3 ls2486">period </span><span class="pp-class-382 pa t30682 l44898 ls819">commencing </span><span class="pp-class-382 pa t30682 l16798 ls302">1 </span><span class="pp-class-382 pa t30682 l44899 ls3572">January </span><span class="pp-class-382 pa t30682 l44900 ls1772">2024: </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30687 l3">- </span><span class="pp-class-382 pa t30687 l44901 ls3387">Classification </span><span class="pp-class-382 pa t30687 l44902 ls103">of </span><span class="pp-class-382 pa t30687 l44903 ls1118">Liabilities </span><span class="pp-class-382 pa t30687 l44904 ls1080">as </span><span class="pp-class-382 pa t30687 l29163 ls852">Current </span><span class="pp-class-382 pa t30687 l44905 ls1080">or </span><span class="pp-class-382 pa t30687 l44906 ls1101">Non-current </span><span class="pp-class-382 pa t30687 l44907 ls858">and </span><span class="pp-class-382 pa t30687 l44908 ls1101">Non-current </span><span class="pp-class-382 pa t30687 l44909 ls1118">liabilities </span><span class="pp-class-382 pa t30687 l44910 ls1323">with </span><span class="pp-class-382 pa t30687 l44911 ls1316">covenants </span><span class="pp-class-382 pa t30687 l44912">– </span><span class="pp-class-382 pa t30828 l44901 ls806">Amendments </span><span class="pp-class-382 pa t30828 l44913 ls1759">to </span><span class="pp-class-382 pa t30828 l44914 ls4275">IAS </span><span class="pp-class-382 pa t30828 l44915 ls1080">1: </span><span class="pp-class-382 pa t30828 l44916 ls1323">with </span><span class="pp-class-382 pa t30828 l42347 ls858">the </span><span class="pp-class-382 pa t30828 l44917 ls1150">introduction </span><span class="pp-class-382 pa t30828 l44918 ls103">of </span><span class="pp-class-382 pa t30828 l44919 ls806">amendments </span><span class="pp-class-382 pa t30828 l44920 ls1759">to </span><span class="pp-class-382 pa t30828 l44921 ls4275">IAS </span><span class="pp-class-382 pa t30828 l44922 ls302">1 </span><span class="pp-class-382 pa t30828 l44923 ls1080">in </span><span class="pp-class-382 pa t30828 l44924 ls2854">2024, </span><span class="pp-class-382 pa t30828 l44925 ls302">a </span><span class="pp-class-382 pa t30828 l44081 ls1073">liability </span><span class="pp-class-382 pa t30828 l44926 ls1323">will </span><span class="pp-class-382 pa t30828 l44927 ls1080">be </span><span class="pp-class-382 pa t30828 l44928 ls819">classified </span><span class="pp-class-382 pa t30828 l44929 ls278">as </span><span class="pp-class-382 pa t30689 l44901 ls1101">non-current </span><span class="pp-class-382 pa t30689 l44930 ls1323">when </span><span class="pp-class-382 pa t30689 l44931 ls1323">DFDS </span><span class="pp-class-382 pa t30689 l44932 ls858">has </span><span class="pp-class-382 pa t30689 l44933 ls858">the </span><span class="pp-class-382 pa t30689 l44934 ls1305">right </span><span class="pp-class-382 pa t30689 l44935 ls1759">to </span><span class="pp-class-382 pa t30689 l44936 ls53">defer </span><span class="pp-class-382 pa t30689 l27385 ls2970">settlement </span><span class="pp-class-382 pa t30689 l44937 ls103">of </span><span class="pp-class-382 pa t30689 l44938 ls858">the </span><span class="pp-class-382 pa t30689 l44939 ls1073">liability </span><span class="pp-class-382 pa t30689 l44940 ls3278">for </span><span class="pp-class-382 pa t30689 l44941 ls1083">at </span><span class="pp-class-382 pa t30689 l44942 ls1759">least </span><span class="pp-class-382 pa t30689 l44943 ls1314">twelve </span><span class="pp-class-382 pa t30689 l44944 ls1073">months </span><span class="pp-class-382 pa t30689 l44945 ls2842">after </span><span class="pp-class-382 pa t30689 l44946 ls302">the </span><span class="pp-class-382 pa t30696 l44901 ls53">reporting </span><span class="pp-class-382 pa t30696 l44947 ls1237">period, </span><span class="pp-class-382 pa t30696 l44948 ls2842">classification </span><span class="pp-class-382 pa t30696 l44949 ls1080">is </span><span class="pp-class-382 pa t30696 l44950 ls1150">unaffected </span><span class="pp-class-382 pa t30696 l44951 ls2784">by </span><span class="pp-class-382 pa t30696 l44952 ls2088">management’s </span><span class="pp-class-382 pa t30696 l44953 ls1321">intention </span><span class="pp-class-382 pa t30696 l44954 ls1080">or </span><span class="pp-class-382 pa t30696 l44955 ls2688">expectations </span><span class="pp-class-382 pa t30696 l44956 ls3474">whether </span><span class="pp-class-382 pa t30696 l44957 ls1759">to </span><span class="pp-class-382 pa t30696 l44958 ls1099">use </span><span class="pp-class-382 pa t30696 l44959 ls302">the </span><span class="pp-class-382 pa t30703 l44901 ls1305">right </span><span class="pp-class-382 pa t30703 l18661 ls1759">to </span><span class="pp-class-382 pa t30703 l44960 ls53">defer </span><span class="pp-class-382 pa t30703 l44961 ls2970">settlement </span><span class="pp-class-382 pa t30703 l44962 ls1080">or </span><span class="pp-class-382 pa t30703 l37848 ls2486">choose </span><span class="pp-class-382 pa t30703 l44963 ls1759">to </span><span class="pp-class-382 pa t30703 l44964 ls1244">settle </span><span class="pp-class-382 pa t30703 l44965 ls7996">early. </span><span class="pp-class-382 pa t30703 l44966 ls3377">Previous </span><span class="pp-class-382 pa t30703 l44967 ls2688">requirements </span><span class="pp-class-382 pa t30703 l44968 ls3278">for </span><span class="pp-class-382 pa t30703 l44969 ls187">classifying </span><span class="pp-class-382 pa t30703 l44970 ls302">a </span><span class="pp-class-382 pa t30703 l44971 ls1073">liability </span><span class="pp-class-382 pa t30703 l44972 ls1080">as </span><span class="pp-class-382 pa t30703 l44973 ls2889">current </span><span class="pp-class-382 pa t30707 l44901 ls1080">or </span><span class="pp-class-382 pa t30707 l44974 ls1101">non-current </span><span class="pp-class-382 pa t30707 l44975 ls3474">established </span><span class="pp-class-382 pa t30707 l44976 ls6360">that </span><span class="pp-class-382 pa t30707 l44977 ls302">a </span><span class="pp-class-382 pa t30707 l44978 ls1073">liability </span><span class="pp-class-382 pa t30707 l44979 ls1080">is </span><span class="pp-class-382 pa t30707 l44980 ls852">current </span><span class="pp-class-382 pa t30707 l44981 ls20054">if, </span><span class="pp-class-382 pa t30707 l44982 ls1759">among </span><span class="pp-class-382 pa t30707 l44983 ls3474">others, </span><span class="pp-class-382 pa t30707 l44984 ls1323">DFDS </span><span class="pp-class-382 pa t30707 l44985 ls858">did </span><span class="pp-class-382 pa t30707 l44986 ls830">not </span><span class="pp-class-382 pa t30707 l44987 ls185">have </span><span class="pp-class-382 pa t30707 l44988 ls1080">an </span><span class="pp-class-382 pa t30707 l44989 ls2486">unconditional </span><span class="pp-class-382 pa t30712 l44901 ls1305">right </span><span class="pp-class-382 pa t30712 l18661 ls1759">to </span><span class="pp-class-382 pa t30712 l44960 ls53">defer </span><span class="pp-class-382 pa t30712 l44961 ls2970">settlement </span><span class="pp-class-382 pa t30712 l44962 ls103">of </span><span class="pp-class-382 pa t30712 l17145 ls858">the </span><span class="pp-class-382 pa t30712 l16820 ls1073">liability </span><span class="pp-class-382 pa t30712 l44990 ls3278">for </span><span class="pp-class-382 pa t30712 l44991 ls1083">at </span><span class="pp-class-382 pa t30712 l44992 ls1759">least </span><span class="pp-class-382 pa t30712 l44993 ls1314">twelve </span><span class="pp-class-382 pa t30712 l44994 ls1073">months </span><span class="pp-class-382 pa t30712 l44995 ls2842">after </span><span class="pp-class-382 pa t30712 l44996 ls858">the </span><span class="pp-class-382 pa t30712 l44997 ls53">reporting </span><span class="pp-class-382 pa t30712 l44998 ls1237">period. </span><span class="pp-class-382 pa t30712 l44999 ls1463">Comparative </span><span class="pp-class-382 pa t30720 l44901 ls1150">figures </span><span class="pp-class-382 pa t30720 l45000 ls185">have </span><span class="pp-class-382 pa t30720 l29370 ls1323">been </span><span class="pp-class-382 pa t30720 l45001 ls3458">restated </span><span class="pp-class-382 pa t30720 l45002 ls6100">accordingly.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30728 l3">- </span><span class="pp-class-382 pa t30728 l45003 ls45004">Lease </span><span class="pp-class-382 pa t30728 l45005 ls2459">Liability </span><span class="pp-class-382 pa t30728 l45006 ls2142">in </span><span class="pp-class-382 pa t30728 l45007 ls7694">Sale </span><span class="pp-class-382 pa t30728 l45008 ls2944">and </span><span class="pp-class-382 pa t30728 l16742 ls2769">Leaseback </span><span class="pp-class-382 pa t30728 l45009 ls2486">– </span><span class="pp-class-382 pa t30728 l45010 ls7858">Amendments </span><span class="pp-class-382 pa t30728 l45011 ls4305">to </span><span class="pp-class-382 pa t30728 l45012 ls800">IFRS </span><span class="pp-class-382 pa t30728 l45013 ls2671">16: </span><span class="pp-class-382 pa t30728 l45014 ls2944">did </span><span class="pp-class-382 pa t30728 l45015 ls7096">not </span><span class="pp-class-382 pa t30728 l45016 ls1049">have </span><span class="pp-class-382 pa t30728 l45017 ls1864">any </span><span class="pp-class-382 pa t30728 l45018 ls19370">material </span><span class="pp-class-382 pa t30728 l45019 ls3382">impact </span><span class="pp-class-382 pa t30728 l45020 ls2142">on </span><span class="pp-class-382 pa t30728 l45021 ls2486">the </span><span class="pp-class-382 pa t30841 l45003 ls2671">amounts </span><span class="pp-class-382 pa t30841 l45022 ls2588">recognised </span><span class="pp-class-382 pa t30841 l45023 ls2142">in </span><span class="pp-class-382 pa t30841 l45024 ls7094">prior </span><span class="pp-class-382 pa t30841 l33867 ls9967">periods </span><span class="pp-class-382 pa t30841 l45025 ls2944">and </span><span class="pp-class-382 pa t30841 l45026 ls2142">is </span><span class="pp-class-382 pa t30841 l45027 ls7096">not </span><span class="pp-class-382 pa t30841 l45028 ls3362">expected </span><span class="pp-class-382 pa t30841 l45029 ls4305">to </span><span class="pp-class-382 pa t30841 l45030 ls3310">significantly </span><span class="pp-class-382 pa t30841 l45031 ls3310">affect </span><span class="pp-class-382 pa t30841 l45032 ls2944">the </span><span class="pp-class-382 pa t30841 l45033 ls3310">current </span><span class="pp-class-382 pa t30841 l45034 ls2142">or </span><span class="pp-class-382 pa t30841 l45035 ls2147">future </span><span class="pp-class-382 pa t30841 l45036 ls9967">periods.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30735 l3">- </span><span class="pp-class-382 pa t30735 l44901 ls8064">Supplier </span><span class="pp-class-382 pa t30735 l45037 ls1237">Finance </span><span class="pp-class-382 pa t30735 l39057 ls2970">Arrangements </span><span class="pp-class-382 pa t30735 l45038 ls302">– </span><span class="pp-class-382 pa t30735 l45039 ls806">Amendments </span><span class="pp-class-382 pa t30735 l45040 ls1759">to </span><span class="pp-class-382 pa t30735 l45041 ls4275">IAS </span><span class="pp-class-382 pa t30735 l45042 ls302">7 </span><span class="pp-class-382 pa t30735 l2903 ls1099">and </span><span class="pp-class-382 pa t30735 l45043 ls187">IFRS </span><span class="pp-class-382 pa t30735 l45044 ls2760">7: </span><span class="pp-class-382 pa t30735 l45045 ls1080">as </span><span class="pp-class-382 pa t30735 l45046 ls302">a </span><span class="pp-class-382 pa t30735 l45047 ls800">result </span><span class="pp-class-382 pa t30735 l45048 ls103">of </span><span class="pp-class-382 pa t30735 l45049 ls858">the </span><span class="pp-class-382 pa t30735 l45050 ls1101">adoption </span><span class="pp-class-382 pa t30735 l45051 ls103">of </span><span class="pp-class-382 pa t30735 l45052 ls302">the </span><span class="pp-class-382 pa t30741 l44901 ls806">amendments </span><span class="pp-class-382 pa t30741 l9255 ls1759">to </span><span class="pp-class-382 pa t30741 l45053 ls4275">IAS </span><span class="pp-class-382 pa t30741 l41430 ls302">7 </span><span class="pp-class-382 pa t30741 l17594 ls858">and </span><span class="pp-class-382 pa t30741 l45054 ls187">IFRS </span><span class="pp-class-382 pa t30741 l45055 ls45056">7, </span><span class="pp-class-382 pa t30741 l45057 ls858">the </span><span class="pp-class-382 pa t30741 l45058 ls2784">Group </span><span class="pp-class-382 pa t30741 l32375 ls3377">provided </span><span class="pp-class-382 pa t30741 l45059 ls1150">new </span><span class="pp-class-382 pa t30741 l45060 ls2142">disclosures </span><span class="pp-class-382 pa t30741 l45061 ls3278">for </span><span class="pp-class-382 pa t30741 l45062 ls1118">liabilities </span><span class="pp-class-382 pa t30741 l45063 ls1759">under </span><span class="pp-class-382 pa t30741 l45064 ls2694">supplier </span><span class="pp-class-382 pa t30741 l45065 ls858">finance </span><span class="pp-class-382 pa t30748 l44901 ls2970">arrangements </span><span class="pp-class-382 pa t30748 l45066 ls1080">in </span><span class="pp-class-382 pa t30748 l43850 ls1859">note </span><span class="pp-class-382 pa t30748 l45067 ls1055">3.2.3.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30759 l3 ls4279">Voluntary </span><span class="pp-class-383 pa t30759 l45068 ls2486">change </span><span class="pp-class-383 pa t30759 l45069 ls1080">in </span><span class="pp-class-383 pa t30759 l45070 ls53">accounting </span><span class="pp-class-383 pa t30759 l45071 ls1150">policy </span><span class="pp-class-383 pa t30759 l45072">- </span><span class="pp-class-383 pa t30759 l45073 ls1323">IFRS </span><span class="pp-class-383 pa t30759 l45074 ls1073">16 </span><span class="pp-class-383 pa t30759 l45075 ls960">practical </span><span class="pp-class-383 pa t30759 l45076 ls4305">expedient</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30768 l3 ls1323">DFDS </span><span class="pp-class-382 pa t30768 l41618 ls1080">no </span><span class="pp-class-382 pa t30768 l45077 ls2486">longer </span><span class="pp-class-382 pa t30768 l45078 ls1237">applies </span><span class="pp-class-382 pa t30768 l45079 ls858">the </span><span class="pp-class-382 pa t30768 l45080 ls2760">practical </span><span class="pp-class-382 pa t30768 l45081 ls4299">expedient </span><span class="pp-class-382 pa t30768 l45082 ls830">not </span><span class="pp-class-382 pa t30768 l45083 ls1759">to </span><span class="pp-class-382 pa t30768 l45084 ls1859">account </span><span class="pp-class-382 pa t30768 l45085 ls3278">for </span><span class="pp-class-382 pa t30768 l45086 ls1772">each </span><span class="pp-class-382 pa t30768 l45087 ls1759">lease </span><span class="pp-class-382 pa t30768 l45088 ls1319">component </span><span class="pp-class-382 pa t30768 l45089 ls2486">within </span><span class="pp-class-382 pa t30768 l45090 ls1080">lease </span><span class="pp-class-382 pa t30774 l3 ls7694">contracts </span><span class="pp-class-382 pa t30774 l45091 ls21295">separately. </span><span class="pp-class-382 pa t30774 l45092 ls1323">DFDS </span><span class="pp-class-382 pa t30774 l45093 ls1150">now </span><span class="pp-class-382 pa t30774 l45094 ls3377">separates </span><span class="pp-class-382 pa t30774 l45095 ls1099">the </span><span class="pp-class-382 pa t30774 l45096 ls1323">non-lease </span><span class="pp-class-382 pa t30774 l45097 ls806">components </span><span class="pp-class-382 pa t30774 l45098 ls1243">from </span><span class="pp-class-382 pa t30774 l45099 ls858">the </span><span class="pp-class-382 pa t30774 l45100 ls1759">lease </span><span class="pp-class-382 pa t30774 l45101 ls806">components. </span><span class="pp-class-382 pa t30774 l45102 ls1080">In </span><span class="pp-class-382 pa t30774 l45103 ls1073">addition, </span><span class="pp-class-382 pa t30778 l3 ls1323">DFDS </span><span class="pp-class-382 pa t30778 l41618 ls858">has </span><span class="pp-class-382 pa t30778 l45104 ls3278">elected </span><span class="pp-class-382 pa t30778 l45105 ls1759">to </span><span class="pp-class-382 pa t30778 l45106 ls1080">no </span><span class="pp-class-382 pa t30778 l45107 ls2486">longer </span><span class="pp-class-382 pa t30778 l45108 ls238">capitalise </span><span class="pp-class-382 pa t30778 l45109 ls1859">short-term </span><span class="pp-class-382 pa t30778 l45110 ls2486">leases </span><span class="pp-class-382 pa t30778 l45111 ls103">of </span><span class="pp-class-382 pa t30778 l45112 ls1321">ferries, </span><span class="pp-class-382 pa t30778 l45113 ls858">but </span><span class="pp-class-382 pa t30778 l19226 ls650">only </span><span class="pp-class-382 pa t30778 l45114 ls1759">those </span><span class="pp-class-382 pa t30778 l45115 ls828">expected </span><span class="pp-class-382 pa t30778 l45116 ls1759">to </span><span class="pp-class-382 pa t30778 l45117 ls1080">be </span><span class="pp-class-382 pa t30778 l45118 ls3105">extended </span><span class="pp-class-382 pa t30873 l3 ls2944">resulting </span><span class="pp-class-382 pa t30873 l35516 ls1080">in </span><span class="pp-class-382 pa t30873 l3503 ls302">a </span><span class="pp-class-382 pa t30873 l45119 ls2889">total </span><span class="pp-class-382 pa t30873 l45120 ls1759">lease </span><span class="pp-class-382 pa t30873 l45121 ls1073">term </span><span class="pp-class-382 pa t30873 l45122 ls2145">exceeding </span><span class="pp-class-382 pa t30873 l45123 ls1080">12 </span><span class="pp-class-382 pa t30873 l23061 ls1073">months </span><span class="pp-class-382 pa t30873 l30043 ls1243">from </span><span class="pp-class-382 pa t30873 l45124 ls296">commencement </span><span class="pp-class-382 pa t30873 l45125 ls2688">date. </span><span class="pp-class-382 pa t30873 l45126 ls1099">The </span><span class="pp-class-382 pa t30873 l45127 ls2486">change </span><span class="pp-class-382 pa t30873 l45128 ls1080">is </span><span class="pp-class-382 pa t30873 l45129 ls2694">assessed </span><span class="pp-class-382 pa t30873 l45130 ls1759">to </span><span class="pp-class-382 pa t30873 l45131 ls3474">give </span><span class="pp-class-382 pa t30880 l3 ls1243">more </span><span class="pp-class-382 pa t30880 l40024 ls2132">relevant </span><span class="pp-class-382 pa t30880 l34735 ls1148">information </span><span class="pp-class-382 pa t30880 l45132 ls858">and </span><span class="pp-class-382 pa t30880 l45133 ls1080">is </span><span class="pp-class-382 pa t30880 l19079 ls3623">better </span><span class="pp-class-382 pa t30880 l45134 ls1237">aligned </span><span class="pp-class-382 pa t30880 l45135 ls1323">with </span><span class="pp-class-382 pa t30880 l45136 ls3623">market </span><span class="pp-class-382 pa t30880 l45137 ls2145">practice. </span><span class="pp-class-382 pa t30880 l45138 ls858">The </span><span class="pp-class-382 pa t30880 l45139 ls1237">changes </span><span class="pp-class-382 pa t30880 l45140 ls800">are </span><span class="pp-class-382 pa t30880 l45141 ls2970">considered </span><span class="pp-class-382 pa t30880 l45142 ls2486">change </span><span class="pp-class-382 pa t30880 l45143 ls278">in </span><span class="pp-class-382 pa t30885 l3 ls53">accounting </span><span class="pp-class-382 pa t30885 l11953 ls2889">policy </span><span class="pp-class-382 pa t30885 l27069 ls858">and </span><span class="pp-class-382 pa t30885 l4841 ls2145">comparative </span><span class="pp-class-382 pa t30885 l45144 ls1150">figures </span><span class="pp-class-382 pa t30885 l45145 ls185">have </span><span class="pp-class-382 pa t30885 l45146 ls1323">been </span><span class="pp-class-382 pa t30885 l45147 ls3458">restated </span><span class="pp-class-382 pa t30885 l45148 ls12399">retrospectively.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t45149 l3 ls2796">DFDS’s </span><span class="pp-class-382 pa t45149 l45150 ls9967">accounting </span><span class="pp-class-382 pa t45149 l45151 ls1864">policy </span><span class="pp-class-382 pa t45149 l45152 ls3105">has </span><span class="pp-class-382 pa t45149 l45153 ls7549">historically </span><span class="pp-class-382 pa t45149 l45154 ls1150">been </span><span class="pp-class-382 pa t45149 l45155 ls4305">not </span><span class="pp-class-382 pa t45149 l1346 ls2854">to </span><span class="pp-class-382 pa t45149 l45156 ls1314">separate </span><span class="pp-class-382 pa t45149 l45157 ls3105">the </span><span class="pp-class-382 pa t45149 l45158 ls1150">non-lease </span><span class="pp-class-382 pa t45149 l45159 ls4279">components </span><span class="pp-class-382 pa t45149 l45160 ls1057">from </span><span class="pp-class-382 pa t45149 l45161 ls3105">the </span><span class="pp-class-382 pa t45149 l45162 ls1772">lease </span><span class="pp-class-382 pa t45163 l3 ls4279">components </span><span class="pp-class-382 pa t45163 l45164 ls17717">(except </span><span class="pp-class-382 pa t45163 l45165 ls800">for </span><span class="pp-class-382 pa t45163 l29937 ls3630">terminals), </span><span class="pp-class-382 pa t45163 l45166 ls3105">and </span><span class="pp-class-382 pa t45163 l22629 ls650">instead </span><span class="pp-class-382 pa t45163 l45167 ls2854">to </span><span class="pp-class-382 pa t45163 l45168 ls3458">account </span><span class="pp-class-382 pa t45163 l45169 ls800">for </span><span class="pp-class-382 pa t45163 l45170 ls3105">the </span><span class="pp-class-382 pa t45163 l45171 ls2273">contracts </span><span class="pp-class-382 pa t45163 l45172 ls1772">in </span><span class="pp-class-382 pa t45163 l45173 ls3623">their </span><span class="pp-class-382 pa t45163 l45174 ls11558">entirety </span><span class="pp-class-382 pa t45163 l45175 ls1150">(the </span><span class="pp-class-382 pa t45163 l45176 ls2769">practical </span><span class="pp-class-382 pa t45177 l3 ls26">expedient). </span><span class="pp-class-382 pa t45177 l45178 ls1945">Furthermore, </span><span class="pp-class-382 pa t45177 l45179 ls53">short </span><span class="pp-class-382 pa t45177 l45180 ls4305">term </span><span class="pp-class-382 pa t45177 l34004 ls2787">leases </span><span class="pp-class-382 pa t45177 l45181 ls1974">(with </span><span class="pp-class-382 pa t45177 l45182 ls1099">a </span><span class="pp-class-382 pa t45177 l45183 ls4305">term </span><span class="pp-class-382 pa t45177 l45184 ls1864">below </span><span class="pp-class-382 pa t45177 l45185 ls3105">one </span><span class="pp-class-382 pa t45177 l45186 ls1864">year) </span><span class="pp-class-382 pa t45177 l45187 ls800">for </span><span class="pp-class-382 pa t45177 l45188 ls7096">ferries </span><span class="pp-class-382 pa t45177 l45189 ls1789">have </span><span class="pp-class-382 pa t45177 l45190 ls7549">historically </span><span class="pp-class-382 pa t45177 l45191 ls1073">been </span></p></div></div><div class="pp-class-10" id="pp-id-5038" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45192 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3 ls2955">recognised </span><span class="pp-class-382 pa t328 l5025 ls1772">on </span><span class="pp-class-382 pa t328 l45193 ls3105">the </span><span class="pp-class-382 pa t328 l45194 ls1194">balance </span><span class="pp-class-382 pa t328 l45195 ls2531">sheet </span><span class="pp-class-382 pa t328 l45196 ls1772">as </span><span class="pp-class-382 pa t328 l45197 ls1099">a </span><span class="pp-class-382 pa t328 l45198 ls3623">lease </span><span class="pp-class-382 pa t328 l45199 ls2149">liability </span><span class="pp-class-382 pa t328 l45200 ls3105">and </span><span class="pp-class-382 pa t328 l45201 ls1099">a </span><span class="pp-class-382 pa t328 l45202 ls2848">right-of-use </span><span class="pp-class-382 pa t328 l45203 ls2531">asset </span><span class="pp-class-382 pa t328 l45204 ls715">that </span><span class="pp-class-382 pa t328 l45205 ls1772">is </span><span class="pp-class-382 pa t328 l45206 ls3184">depreciated </span><span class="pp-class-382 pa t328 l45207 ls650">instead </span><span class="pp-class-382 pa t328 l45208 ls2482">of </span><span class="pp-class-382 pa t30568 l3 ls2132">expensing </span><span class="pp-class-382 pa t30568 l45209 ls3105">the </span><span class="pp-class-382 pa t30568 l45210 ls1974">lease </span><span class="pp-class-382 pa t30568 l29743 ls1150">cost </span><span class="pp-class-382 pa t30568 l45211 ls4343">directly </span><span class="pp-class-382 pa t30568 l45212 ls1772">in </span><span class="pp-class-382 pa t30568 l45213 ls3105">the </span><span class="pp-class-382 pa t30568 l45214 ls2787">income </span><span class="pp-class-382 pa t30568 l45215 ls185">statement.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30583 l3 ls1772">Had </span><span class="pp-class-382 pa t30583 l45216 ls858">the </span><span class="pp-class-382 pa t30583 l45217 ls2486">change </span><span class="pp-class-382 pa t30583 l45218 ls830">not </span><span class="pp-class-382 pa t30583 l45219 ls1323">been </span><span class="pp-class-382 pa t30583 l40594 ls1701">implemented, </span><span class="pp-class-382 pa t30583 l45220 ls1099">the </span><span class="pp-class-382 pa t30583 l45221 ls1080">31 </span><span class="pp-class-382 pa t30583 l45222 ls2694">December </span><span class="pp-class-382 pa t30583 l3386 ls1150">2024 </span><span class="pp-class-382 pa t30583 l45223 ls1316">right-of-use </span><span class="pp-class-382 pa t30583 l45224 ls238">assets </span><span class="pp-class-382 pa t30583 l45225 ls2142">would </span><span class="pp-class-382 pa t30583 l45226 ls185">have </span><span class="pp-class-382 pa t30583 l45227 ls1323">been </span><span class="pp-class-382 pa t30583 l45228 ls302">DKK </span><span class="pp-class-382 pa t30588 l3 ls1323">269m </span><span class="pp-class-382 pa t30588 l45229 ls2486">higher </span><span class="pp-class-382 pa t30588 l45230 ls858">and </span><span class="pp-class-382 pa t30588 l45231 ls1759">lease </span><span class="pp-class-382 pa t30588 l45232 ls1118">liabilities </span><span class="pp-class-382 pa t30588 l45233 ls858">DKK </span><span class="pp-class-382 pa t30588 l45234 ls1323">281m </span><span class="pp-class-382 pa t30588 l45235 ls3190">higher. </span><span class="pp-class-382 pa t30588 l45236 ls2760">Operating </span><span class="pp-class-382 pa t30588 l45237 ls1323">cost </span><span class="pp-class-382 pa t30588 l45238 ls1080">in </span><span class="pp-class-382 pa t30588 l45239 ls1150">2024 </span><span class="pp-class-382 pa t30588 l45240 ls2142">would </span><span class="pp-class-382 pa t30588 l45241 ls185">have </span><span class="pp-class-382 pa t30588 l45242 ls1323">been </span><span class="pp-class-382 pa t30588 l45243 ls646">lower </span><span class="pp-class-382 pa t30588 l45244 ls2784">by </span><span class="pp-class-382 pa t30588 l45245 ls302">DKK </span><span class="pp-class-382 pa t30593 l3 ls1759">155m. </span><span class="pp-class-382 pa t30593 l45246 ls3623">Depreciation </span><span class="pp-class-382 pa t30593 l45247 ls2142">would </span><span class="pp-class-382 pa t30593 l45248 ls1080">be </span><span class="pp-class-382 pa t30593 l45249 ls858">DKK </span><span class="pp-class-382 pa t30593 l45250 ls1323">152m </span><span class="pp-class-382 pa t30593 l45251 ls3190">higher. </span><span class="pp-class-382 pa t30593 l45252 ls1759">Minor </span><span class="pp-class-382 pa t30593 l45253 ls728">impact </span><span class="pp-class-382 pa t30593 l45254 ls103">of </span><span class="pp-class-382 pa t30593 l45255 ls1099">the </span><span class="pp-class-382 pa t30593 l45256 ls2486">change </span><span class="pp-class-382 pa t30593 l45257 ls1148">affects </span><span class="pp-class-382 pa t30593 l35379 ls1974">profit </span><span class="pp-class-382 pa t30593 l45258 ls2842">after </span><span class="pp-class-382 pa t30593 l45259 ls1073">tax, </span><span class="pp-class-382 pa t30593 l45260 ls5069">interest </span><span class="pp-class-382 pa t30606 l3 ls1110">cost, </span><span class="pp-class-382 pa t30606 l45261 ls1974">profit </span><span class="pp-class-382 pa t30606 l45262 ls1080">on </span><span class="pp-class-382 pa t30606 l45263 ls2694">disposal </span><span class="pp-class-382 pa t30606 l45264 ls103">of </span><span class="pp-class-382 pa t30606 l45265 ls1101">non-current </span><span class="pp-class-382 pa t30606 l45266 ls3474">assets, </span><span class="pp-class-382 pa t30606 l45267 ls3435">exchange </span><span class="pp-class-382 pa t30606 l45268 ls3216">rate </span><span class="pp-class-382 pa t30606 l45269 ls819">gain/loss, </span><span class="pp-class-382 pa t30606 l20629 ls1150">prepaid </span><span class="pp-class-382 pa t30606 l45270 ls1323">cost </span><span class="pp-class-382 pa t30606 l45271 ls858">and </span><span class="pp-class-382 pa t30606 l45272 ls296">other </span><span class="pp-class-382 pa t30606 l45273 ls1243">payables.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30622 l3 ls2842">Impact </span><span class="pp-class-383 pa t30622 l45274 ls1080">of </span><span class="pp-class-383 pa t30622 l45275 ls806">amendments </span><span class="pp-class-383 pa t30622 l45276 ls1080">to </span><span class="pp-class-383 pa t30622 l45277 ls8853">IAS </span><span class="pp-class-383 pa t30622 l45278 ls302">1 </span><span class="pp-class-383 pa t30622 l45279 ls858">and </span><span class="pp-class-383 pa t30622 l45280 ls2486">change </span><span class="pp-class-383 pa t30622 l45281 ls1080">in </span><span class="pp-class-383 pa t30622 l45282 ls1323">IFRS </span><span class="pp-class-383 pa t30622 l45283 ls1073">16 </span><span class="pp-class-383 pa t30622 l45284 ls53">accounting </span><span class="pp-class-383 pa t30622 l45285 ls1083">policy</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30628 l3 ls858">The </span><span class="pp-class-382 pa t30628 l16631 ls4299">following </span><span class="pp-class-382 pa t30628 l45286 ls1319">tables </span><span class="pp-class-382 pa t30628 l30624 ls1073">summarise </span><span class="pp-class-382 pa t30628 l45287 ls858">the </span><span class="pp-class-382 pa t30628 l45288 ls728">impact </span><span class="pp-class-382 pa t30628 l45289 ls103">of </span><span class="pp-class-382 pa t30628 l28534 ls858">the </span><span class="pp-class-382 pa t30628 l45290 ls1237">changes </span><span class="pp-class-382 pa t30628 l45291 ls960">requiring </span><span class="pp-class-382 pa t30628 l45292 ls7855">restatement </span><span class="pp-class-382 pa t30628 l45293 ls1080">on </span><span class="pp-class-382 pa t30628 l25406 ls858">the </span><span class="pp-class-382 pa t30628 l45294 ls1243">Group's </span><span class="pp-class-382 pa t30628 l45295 ls2489">consolidated </span><span class="pp-class-382 pa t30634 l3 ls1073">financial </span><span class="pp-class-382 pa t30634 l4513 ls1244">statements.</span></p></div></div><div id="pp-id-5039" xmlns="http://www.w3.org/1999/xhtml"><div class="w45296 h45297 pa t2 l3 wtro4 xx65 tro6 xx66"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t2738 l3">Income </span><span class="pp-class-383 pa t2738 l2752 ls254">statement </span><span class="pp-class-382 pa t2738 l45298 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45299 l45300">Full </span><span class="pp-class-373 pa t45299 l45301 ls68">year </span><span class="pp-class-373 pa t45302 l45303">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45304 l3">DKK </span><span class="pp-class-372 pa t45304 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45304 l45305 ls166">As </span><span class="pp-class-373 pa t45304 l45306 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45307 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45304 l45309">IFRS </span><span class="pp-class-373 pa t45304 l45310 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45304 l45311 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l3 ls93">Ferry </span><span class="pp-class-372 pa t45312 l9449">and </span><span class="pp-class-372 pa t45312 l19142 ls72">other </span><span class="pp-class-372 pa t45312 l42314">ship </span><span class="pp-class-372 pa t45312 l32710 ls110">operation </span><span class="pp-class-372 pa t45312 l42315">and </span><span class="pp-class-372 pa t45312 l42316 ls842">maintenance</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l45313 ls1194">5,485 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l45314">112 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l45315 ls10900">5,597 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l3 ls980">Port </span><span class="pp-class-372 pa t45316 l42320 ls982">terminal </span><span class="pp-class-372 pa t45316 l42321 ls110">operations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l45317 ls214">3,264 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l45318">-1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l45319 ls214">3,263 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l3 ls2142">Transport </span><span class="pp-class-372 pa t45320 l40530 ls96">solutions </span><span class="pp-class-372 pa t45320 l42325">and </span><span class="pp-class-372 pa t45320 l16558 ls897">warehouse </span><span class="pp-class-372 pa t45320 l42326 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l44968 ls10734">6,743 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l45321">33 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l45322 ls15093">6,776 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l3">Cost </span><span class="pp-class-372 pa t45323 l42333 ls287">of </span><span class="pp-class-372 pa t45323 l34502">sales, </span><span class="pp-class-372 pa t45323 l30915 ls671">general </span><span class="pp-class-372 pa t45323 l42334">and </span><span class="pp-class-372 pa t45323 l8839 ls884">administration</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l45324">1,206 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l45325">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l45326">1,206 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45327 l3 ls134">Operating </span><span class="pp-class-373 pa t45327 l42338 ls287">profit </span><span class="pp-class-373 pa t45327 l13972 ls332">before </span><span class="pp-class-373 pa t45327 l42339 ls854">depreciation </span><span class="pp-class-373 pa t45327 l42340">and </span><span class="pp-class-373 pa t45327 l42341 ls90">amortisation </span><span class="pp-class-373 pa t45328 l3 ls225">(EBITDA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45328 l45329 ls1150">5,034 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45328 l45330 ls150">-144 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45328 l45331 ls225">4,890 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l3 ls225">Profit </span><span class="pp-class-372 pa t45332 l2931">on </span><span class="pp-class-372 pa t45332 l42353">disposal </span><span class="pp-class-372 pa t45332 l42354 ls287">of </span><span class="pp-class-372 pa t45332 l42355 ls171">non-current </span><span class="pp-class-372 pa t45332 l42356 ls37">assets, </span><span class="pp-class-372 pa t45332 l42357 ls913">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l45333">111 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l45334">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l45335">113 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l3 ls278">Depreciation </span><span class="pp-class-372 pa t45336 l8535">on </span><span class="pp-class-372 pa t45336 l42361 ls907">tangibles </span><span class="pp-class-372 pa t45336 l42362">and </span><span class="pp-class-372 pa t45336 l42363 ls931">right-of-use </span><span class="pp-class-372 pa t45336 l40470 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l43899 ls858">2,615 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l45337 ls81">-142 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l45338 ls9272">2,473 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l3 ls134">Operating </span><span class="pp-class-373 pa t45339 l42338 ls287">profit </span><span class="pp-class-373 pa t45339 l13972 ls332">before </span><span class="pp-class-373 pa t45339 l42339 ls90">amortisation </span><span class="pp-class-373 pa t45339 l42373 ls2784">(EBITA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l45340 ls274">2,504 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l45341"/><span class="pp-class-373 pa t45339 l45342">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l45343 ls274">2,504 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l3 ls134">Operating </span><span class="pp-class-373 pa t45344 l42338 ls287">profit </span><span class="pp-class-373 pa t45344 l13972">(EBIT)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l45345 ls997">2,326 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l45342">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l45346 ls997">2,326 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l3">Financial </span><span class="pp-class-372 pa t45347 l2916">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l45348">80 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l45325">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l45349">80 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l3">Financial </span><span class="pp-class-372 pa t45350 l2916">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l45351 ls866">753 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l45352 ls180">-14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l45353 ls230">739 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l3 ls287">Profit </span><span class="pp-class-373 pa t45354 l42390 ls332">before </span><span class="pp-class-373 pa t45354 l42391 ls128">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l45355 ls85">1,652 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l45356 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l45357 ls1305">1,667 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l3 ls3102">Tax </span><span class="pp-class-372 pa t45358 l42395">on </span><span class="pp-class-372 pa t45358 l42396 ls124">profit</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l45359 ls180">148 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l45325">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l45360 ls180">148 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l3 ls287">Profit </span><span class="pp-class-373 pa t45361 l42390 ls175">for </span><span class="pp-class-373 pa t45361 l42400">the </span><span class="pp-class-373 pa t45361 l42401 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l45362 ls274">1,505 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l45356 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l45363 ls274">1,519 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45364 l3 ls39">Attributable </span><span class="pp-class-372 pa t45364 l45365 ls166">to:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l3 ls193">Equity </span><span class="pp-class-372 pa t45366 l3205">holders </span><span class="pp-class-372 pa t45366 l42408 ls287">of </span><span class="pp-class-372 pa t45366 l6798">DFDS </span><span class="pp-class-372 pa t45366 l42291 ls1065">A/S</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l45367 ls1110">1,501 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l45368 ls2835">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l45369 ls1305">1,516 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l3 ls944">Non-controlling </span><span class="pp-class-372 pa t45370 l42412 ls884">interests</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l45371">3 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l45372"/><span class="pp-class-372 pa t45370 l45325">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l45373">3 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l3 ls2459">Total </span><span class="pp-class-373 pa t45374 l29712 ls241">comprehensive </span><span class="pp-class-373 pa t45374 l29018">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l45375 ls997">1,343 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l45356 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l45376 ls1941">1,357 </span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5040" xmlns="http://www.w3.org/1999/xhtml"><div class="w45377 h45378 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">New </span><span class="pp-class-370 pa t21055 l44734 ls128">accounting </span><span class="pp-class-370 pa t21055 l44735">policies </span><span class="pp-class-370 pa t21055 l44736">and </span><span class="pp-class-370 pa t21055 l44737 ls254">disclosures </span><span class="pp-class-371 pa t21055 l45379 ls155">(continued)</span></p></div></div><div id="pp-id-5041" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45380 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls813">Balance </span><span class="pp-class-383 pa t328 l29343 ls907">sheet </span><span class="pp-class-382 pa t328 l45381 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45382 l45383">31 </span><span class="pp-class-373 pa t45382 l45384">December </span><span class="pp-class-373 pa t45385 l44588">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45386 l3">DKK </span><span class="pp-class-372 pa t45386 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45387 ls166">As </span><span class="pp-class-373 pa t45386 l45388 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45389 l45390 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45391">IFRS </span><span class="pp-class-373 pa t45386 l45392 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45393 ls180">IAS </span><span class="pp-class-373 pa t45386 l45394">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45395 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45396 l3 ls193">Assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l3 ls931">Right-of-use </span><span class="pp-class-372 pa t45397 l42662 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l45398 ls2760">5,826 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l45399">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l45400 ls650">5,600 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l3 ls193">Non-current </span><span class="pp-class-373 pa t45401 l42630 ls842">tangible </span><span class="pp-class-373 pa t45401 l42667 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l45402 ls203">21,543 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l45404 ls650">21,317 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l3 ls2459">Total </span><span class="pp-class-373 pa t45405 l29712 ls193">non-current </span><span class="pp-class-373 pa t45405 l42707 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l45406 ls869">28,918 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l45407 ls1305">28,691 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l3 ls193">Assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l45409 ls858">34,873 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l45410 ls7752">34,647 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45411 l3 ls193">Equity </span><span class="pp-class-373 pa t45411 l42769">and </span><span class="pp-class-373 pa t45411 l17236">liabilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l3 ls193">Retained </span><span class="pp-class-372 pa t45412 l42764">earnings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l45413 ls85">13,105 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l45414 ls2835">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l45415 ls302">13,119 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l3 ls193">Equity </span><span class="pp-class-373 pa t45416 l42769 ls671">attributable </span><span class="pp-class-373 pa t45416 l42770">to </span><span class="pp-class-373 pa t45416 l42771">equity </span><span class="pp-class-373 pa t45416 l42772 ls813">holders </span><span class="pp-class-373 pa t45416 l42773">of </span><span class="pp-class-373 pa t45416 l42774">DFDS </span><span class="pp-class-373 pa t45416 l17626 ls1955">A/S</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l45417 ls1110">13,827 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l45418 ls124">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l45419 ls5558">13,840 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l3 ls1264">Equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l45421 ls869">13,918 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l45418 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l45422 ls1110">13,932 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45423 l42787">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45424 ls214">13,134</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45425">-132</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45426">600</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45427 ls2970">13,602 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l3 ls180">Deferred </span><span class="pp-class-372 pa t45428 l42688 ls166">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l45429">467</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l45430">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l45431">468 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l3 ls193">Non-current </span><span class="pp-class-373 pa t45432 l42630">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45433 ls31888">13,756 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45434">-131 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45435">600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45436 ls1264">14,225</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45437 l42787">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45438 ls88">2,336</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45439 ls128">-109 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45440">-600</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45441 ls688">1,627</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l3 ls128">Current </span><span class="pp-class-373 pa t45442 l42730">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45443 ls1734">7,199 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45444 ls150">-109</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45445">-600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45446 ls1309">6,491 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l3">Liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l45448 ls2113">20,955 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l45449 ls128">-240 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l45450 ls3539">20,715 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l3 ls193">Equity </span><span class="pp-class-373 pa t45451 l42769">and </span><span class="pp-class-373 pa t45451 l17236">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l45409 ls858">34,873 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l45410 ls7752">34,647 </span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5042" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45452 pa t2 l3 wtro4 xx335 tro6 xx336"><div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t328 l3 ls813">Balance </span><span class="pp-class-383 pa t328 l29343 ls907">sheet </span><span class="pp-class-382 pa t328 l45381 ls8853">(extract)</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45382 l45453">1 </span><span class="pp-class-373 pa t45382 l45454 ls1531">January </span><span class="pp-class-373 pa t45385 l45455">2023</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45386 l3">DKK </span><span class="pp-class-372 pa t45386 l2737">million</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45386 l45305 ls166">As </span><span class="pp-class-373 pa t45386 l45306 ls37">reported</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45389 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45386 l45456">IFRS </span><span class="pp-class-373 pa t45386 l45457 ls138">16</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45386 l45311 ls78">Restated</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45396 l3 ls193">Assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l3 ls931">Right-of-use </span><span class="pp-class-372 pa t45397 l42662 ls72">assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l45458 ls858">4,648 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l45459">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l45460 ls1298">4,442</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l3 ls193">Non-current </span><span class="pp-class-373 pa t45401 l42630 ls842">tangible </span><span class="pp-class-373 pa t45401 l42667 ls907">assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l45461 ls332">21,197 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l45463 ls1083">20,991</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l3 ls2459">Total </span><span class="pp-class-373 pa t45405 l29712 ls193">non-current </span><span class="pp-class-373 pa t45405 l42707 ls907">assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l45464 ls182">28,141 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l45465 ls42711">27,935</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l3 ls193">Assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l45466 ls1252">34,084 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l45467 ls3477">33,878</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45411 l3 ls193">Equity </span><span class="pp-class-373 pa t45411 l42769">and </span><span class="pp-class-373 pa t45411 l17236">liabilities </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l3 ls193">Retained </span><span class="pp-class-372 pa t45412 l42764">earnings</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l45468">12,133 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l45469">0 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l45470">12,133</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l3 ls193">Equity </span><span class="pp-class-373 pa t45416 l42769 ls671">attributable </span><span class="pp-class-373 pa t45416 l42770">to </span><span class="pp-class-373 pa t45416 l42771">equity </span><span class="pp-class-373 pa t45416 l42772 ls813">holders </span><span class="pp-class-373 pa t45416 l42773">of </span><span class="pp-class-373 pa t45416 l42774">DFDS </span><span class="pp-class-373 pa t45416 l17626 ls1955">A/S</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l45471 ls1305">13,022 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l45342">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l45472 ls53">13,022</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l3 ls1264">Equity</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l45473 ls278">13,135 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l45342">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l45474 ls225">13,135</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45423 l42787">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l45475 ls1257">12,397</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l45476 ls134">-87</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l45477 ls1065">12,310</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l3 ls180">Deferred </span><span class="pp-class-372 pa t45428 l42688 ls166">tax</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l45478">359</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l45469">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l45479">359</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l3 ls193">Non-current </span><span class="pp-class-373 pa t45432 l42630">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l45480 ls278">12,896 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l45481 ls332">-87 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l45482 ls225">12,809</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45437 l42787">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l45483 ls830">3,137</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l45484">-119 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l45485 ls3184">3,018</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l3 ls128">Current </span><span class="pp-class-373 pa t45442 l42730">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l45486 ls53">8,053 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l45487">-119</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l45488 ls742">7,933</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l3">Liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l45489 ls2113">20,949 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l45490 ls3152">20,742</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l3 ls193">Equity </span><span class="pp-class-373 pa t45451 l42769">and </span><span class="pp-class-373 pa t45451 l17236">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l45466 ls1252">34,084 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l45467 ls3477">33,878</span></p></div></div></div></div><div class="pp-class-10" id="pp-id-5043" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45378 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">New </span><span class="pp-class-370 pa t21055 l44734 ls128">accounting </span><span class="pp-class-370 pa t21055 l44735">policies </span><span class="pp-class-370 pa t21055 l44736">and </span><span class="pp-class-370 pa t21055 l44737 ls254">disclosures </span><span class="pp-class-371 pa t21055 l45379 ls155">(continued)</span></p></div></div><div id="pp-id-5044" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45492 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls254">Statement </span><span class="pp-class-383 pa t328 l10866">of </span><span class="pp-class-383 pa t328 l45493">cash </span><span class="pp-class-383 pa t328 l45494 ls214">flows </span><span class="pp-class-382 pa t328 l45495 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45496 l45300">Full </span><span class="pp-class-373 pa t45496 l45301 ls68">year </span><span class="pp-class-373 pa t45497 l45303">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45498 l3">DKK </span><span class="pp-class-372 pa t45498 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45498 l45305 ls166">As </span><span class="pp-class-373 pa t45498 l45306 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45499 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45498 l45309">IFRS </span><span class="pp-class-373 pa t45498 l45310 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45498 l45311 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45500 l3 ls134">Operating </span><span class="pp-class-373 pa t45500 l42338 ls287">profit </span><span class="pp-class-373 pa t45500 l13972 ls332">before </span><span class="pp-class-373 pa t45500 l42339 ls854">depreciation </span><span class="pp-class-373 pa t45500 l42340">and </span><span class="pp-class-373 pa t45500 l42341 ls90">amortisation </span><span class="pp-class-373 pa t45501 l3 ls225">(EBITDA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45501 l45329 ls1150">5,034 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45501 l45330 ls150">-144 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45501 l45331 ls225">4,890 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l3 ls884">Interest </span><span class="pp-class-372 pa t45502 l14027 ls138">etc., </span><span class="pp-class-372 pa t45502 l29349">paid</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l45503 ls978">-734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l45504">9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l45505 ls16">-725 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t45506 l3 ls1323">Cash </span><span class="pp-class-383 pa t45506 l45507 ls7094">flows </span><span class="pp-class-383 pa t45506 l16515 ls688">from </span><span class="pp-class-383 pa t45506 l45508 ls2784">operating </span><span class="pp-class-383 pa t45506 l45509 ls53">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45506 l45510 ls1257">3,811 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45506 l45511">-135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45506 l45512 ls2796">3,675 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l3 ls241">Free </span><span class="pp-class-373 pa t45513 l43219">cash </span><span class="pp-class-373 pa t45513 l43220 ls103">flows</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l45486 ls85">2,662 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l45511">-135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l45514 ls274">2,526 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l3 ls124">Payment </span><span class="pp-class-372 pa t45515 l8696 ls287">of </span><span class="pp-class-372 pa t45515 l43137">lease </span><span class="pp-class-372 pa t45515 l43262">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l45516">-935 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l45517">135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l45518 ls128">-799 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l3">Cash </span><span class="pp-class-373 pa t45519 l3012 ls214">flows </span><span class="pp-class-373 pa t45519 l43152 ls241">from </span><span class="pp-class-373 pa t45519 l43153 ls2548">financing </span><span class="pp-class-373 pa t45519 l43295 ls193">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l45520 ls278">-3,115 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l45521">135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l45522 ls225">-2,980 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l3 ls813">Net </span><span class="pp-class-373 pa t45523 l43299">cash </span><span class="pp-class-373 pa t45523 l19674 ls103">flows</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l45524">-454 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l45341"/><span class="pp-class-373 pa t45523 l45342">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l45525">-454 </span></p></td></tr></table></div></div><div id="pp-id-5045" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45526 pa t2 l3 wtro4 xx65 tro6 xx66"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t2738 l3 ls2143">Key </span><span class="pp-class-383 pa t2738 l3076 ls2329">figures </span><span class="pp-class-382 pa t2738 l45527 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45528 l45300">Full </span><span class="pp-class-373 pa t45528 l45301 ls68">year </span><span class="pp-class-373 pa t45529 l45303">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45530 l3">DKK </span><span class="pp-class-372 pa t45530 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45530 l45305 ls166">As </span><span class="pp-class-373 pa t45530 l45306 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45531 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45530 l45309">IFRS </span><span class="pp-class-373 pa t45530 l45310 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45530 l45311 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l3 ls150">Net </span><span class="pp-class-372 pa t45532 l45533 ls225">interest-bearing </span><span class="pp-class-372 pa t45532 l45534 ls150">debt</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l45535 ls1305">14,689 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l45536"/><span class="pp-class-372 pa t45532 l45537 ls302">-241</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l45538 ls1309">14,449 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l3 ls884">Invested </span><span class="pp-class-372 pa t45539 l2993 ls982">capital, </span><span class="pp-class-372 pa t45539 l2994">end </span><span class="pp-class-372 pa t45539 l2995 ls287">of </span><span class="pp-class-372 pa t45539 l2996">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l45540 ls2970">28,996 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l45541"/><span class="pp-class-372 pa t45539 l45542">-226</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l45543 ls3003">28,770 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l3 ls258">ROIC </span><span class="pp-class-372 pa t45544 l8617 ls658">before </span><span class="pp-class-372 pa t45544 l8618 ls37">acquisition </span><span class="pp-class-372 pa t45544 l8619 ls842">intangibles </span><span class="pp-class-372 pa t45544 l45545 ls193">(ROIC </span><span class="pp-class-372 pa t45544 l44024 ls166">BAI), </span><span class="pp-class-372 pa t45544 l45546">%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l45547 ls6100">10.4 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l45548 ls2805">0.1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l45549 ls22674">10.5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l3 ls175">Return </span><span class="pp-class-372 pa t45550 l3141">on </span><span class="pp-class-372 pa t45550 l3142 ls884">invested </span><span class="pp-class-372 pa t45550 l3143 ls96">capital </span><span class="pp-class-372 pa t45550 l3144 ls124">(ROIC), </span><span class="pp-class-372 pa t45550 l45551">%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l45552 ls3149">7.6 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l45553 ls3102">0.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l45554 ls3149">7.6 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l3">Financial </span><span class="pp-class-372 pa t45555 l2916 ls1224">leverage, </span><span class="pp-class-372 pa t45555 l45556">times</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l45557 ls3105">2.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l45553 ls656">0.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l45558 ls3105">2.9 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l3 ls175">Earnings </span><span class="pp-class-372 pa t45559 l3218">per </span><span class="pp-class-372 pa t45559 l3219 ls110">share </span><span class="pp-class-372 pa t45559 l3220 ls93">(EPS), </span><span class="pp-class-372 pa t45559 l45560">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l45561 ls3241">26.64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l45562 ls650">0.25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l45563 ls2955">26.89</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l3 ls90">Diluted </span><span class="pp-class-372 pa t45564 l42428">earnings </span><span class="pp-class-372 pa t45564 l28571">per </span><span class="pp-class-372 pa t45564 l42429 ls110">share </span><span class="pp-class-372 pa t45564 l42430 ls1259">(EPS-D), </span><span class="pp-class-372 pa t45564 l36556">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l45313 ls3435">26.58 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l45562 ls1150">0.25 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l45565 ls2760">26.83 </span></p></td></tr></table></div></div> <div class="pp-class-10" id="pp-id-5036" xmlns="http://www.w3.org/1999/xhtml"><div class="w20349 h44733 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">New </span><span class="pp-class-370 pa t21055 l44734 ls128">accounting </span><span class="pp-class-370 pa t21055 l44735">policies </span><span class="pp-class-370 pa t21055 l44736">and </span><span class="pp-class-370 pa t21055 l44737 ls1259">disclosures</span></p></div></div><div class="pp-class-10" id="pp-id-5037" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h44430 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t328 l3 ls2688">New </span><span class="pp-class-383 pa t328 l44738 ls53">standards </span><span class="pp-class-383 pa t328 l44739 ls858">and </span><span class="pp-class-383 pa t328 l44740 ls2127">interpretations </span><span class="pp-class-383 pa t328 l44741 ls866">not </span><span class="pp-class-383 pa t328 l44742 ls2145">yet </span><span class="pp-class-383 pa t328 l44743 ls2842">adopted</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30568 l3 ls858">The </span><span class="pp-class-382 pa t30568 l16631 ls4275">IASB </span><span class="pp-class-382 pa t30568 l44744 ls858">has </span><span class="pp-class-382 pa t30568 l44745 ls2486">issued </span><span class="pp-class-382 pa t30568 l44746 ls302">a </span><span class="pp-class-382 pa t30568 l44747 ls2486">number </span><span class="pp-class-382 pa t30568 l16289 ls103">of </span><span class="pp-class-382 pa t30568 l44748 ls1237">amended </span><span class="pp-class-382 pa t30568 l44749 ls2127">standards </span><span class="pp-class-382 pa t30568 l44750 ls1099">and </span><span class="pp-class-382 pa t30568 l44751 ls2760">interpretations </span><span class="pp-class-382 pa t30568 l44752 ls1323">with </span><span class="pp-class-382 pa t30568 l44753 ls2784">effective </span><span class="pp-class-382 pa t30568 l44754 ls852">date </span><span class="pp-class-382 pa t30568 l44755 ls1323">post </span><span class="pp-class-382 pa t30568 l44756 ls278">31 </span><span class="pp-class-382 pa t30575 l3 ls2694">December </span><span class="pp-class-382 pa t30575 l18610 ls2854">2024, </span><span class="pp-class-382 pa t30575 l9816 ls1323">some </span><span class="pp-class-382 pa t30575 l44757 ls103">of </span><span class="pp-class-382 pa t30575 l44758 ls1759">which </span><span class="pp-class-382 pa t30575 l30892 ls185">have </span><span class="pp-class-382 pa t30575 l44759 ls830">not </span><span class="pp-class-382 pa t30575 l44760 ls3377">yet </span><span class="pp-class-382 pa t30575 l44761 ls1323">been </span><span class="pp-class-382 pa t30575 l44762 ls2694">endorsed </span><span class="pp-class-382 pa t30575 l44763 ls2784">by </span><span class="pp-class-382 pa t30575 l44764 ls858">the </span><span class="pp-class-382 pa t30575 l44765 ls1868">EU. </span><span class="pp-class-382 pa t30575 l44766 ls1099">The </span><span class="pp-class-382 pa t30575 l44767 ls1150">new </span><span class="pp-class-382 pa t30575 l44768 ls1099">and </span><span class="pp-class-382 pa t30575 l44769 ls1237">amended </span><span class="pp-class-382 pa t30575 l44770 ls2127">standards </span><span class="pp-class-382 pa t30575 l44771 ls302">and </span><span class="pp-class-382 pa t30583 l3 ls2760">interpretations </span><span class="pp-class-382 pa t30583 l44772 ls800">are </span><span class="pp-class-382 pa t30583 l23706 ls830">not </span><span class="pp-class-382 pa t30583 l44773 ls1772">mandatory </span><span class="pp-class-382 pa t30583 l26008 ls3278">for </span><span class="pp-class-382 pa t30583 l44774 ls858">the </span><span class="pp-class-382 pa t30583 l44775 ls1073">financial </span><span class="pp-class-382 pa t30583 l17181 ls53">reporting </span><span class="pp-class-382 pa t30583 l44776 ls3278">for </span><span class="pp-class-382 pa t30583 l44777 ls2854">2024. </span><span class="pp-class-382 pa t30583 l44778 ls1099">The </span><span class="pp-class-382 pa t30583 l44779 ls2784">Group </span><span class="pp-class-382 pa t30583 l44780 ls2787">expects </span><span class="pp-class-382 pa t30583 l44781 ls1759">to </span><span class="pp-class-382 pa t30583 l44782 ls2889">adopt </span><span class="pp-class-382 pa t30583 l44783 ls302">the </span><span class="pp-class-382 pa t30588 l3 ls2127">Standards </span><span class="pp-class-382 pa t30588 l43807 ls858">and </span><span class="pp-class-382 pa t30588 l44784 ls2760">Interpretations </span><span class="pp-class-382 pa t30588 l44785 ls1323">when </span><span class="pp-class-382 pa t30588 l44786 ls960">they </span><span class="pp-class-382 pa t30588 l23101 ls2486">become </span><span class="pp-class-382 pa t30588 l44787 ls2459">mandatory. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30606 l3 ls187">IFRS </span><span class="pp-class-382 pa t30606 l44788 ls1271">18 </span><span class="pp-class-382 pa t30606 l44789 ls1194">Presentation </span><span class="pp-class-382 pa t30606 l44790 ls858">and </span><span class="pp-class-382 pa t30606 l44791 ls2970">Disclosure </span><span class="pp-class-382 pa t30606 l44792 ls1080">in </span><span class="pp-class-382 pa t30606 l44793 ls1073">Financial </span><span class="pp-class-382 pa t30606 l44794 ls1244">Statements </span><span class="pp-class-382 pa t30606 l44795 ls2851">(effective </span><span class="pp-class-382 pa t30606 l44796 ls3278">for </span><span class="pp-class-382 pa t30606 l44797 ls2486">annual </span><span class="pp-class-382 pa t30606 l44798 ls1237">periods </span><span class="pp-class-382 pa t30606 l44799 ls1073">beginning </span><span class="pp-class-382 pa t30606 l44800 ls1080">on </span><span class="pp-class-382 pa t30606 l44801 ls1080">or </span><span class="pp-class-382 pa t30606 l44802 ls1305">after </span><span class="pp-class-382 pa t30615 l3 ls302">1 </span><span class="pp-class-382 pa t30615 l44803 ls3572">January </span><span class="pp-class-382 pa t30615 l14945 ls1271">2027) </span><span class="pp-class-382 pa t30615 l44804 ls1323">will </span><span class="pp-class-382 pa t30615 l44805 ls830">not </span><span class="pp-class-382 pa t30615 l44806 ls728">impact </span><span class="pp-class-382 pa t30615 l12393 ls858">the </span><span class="pp-class-382 pa t30615 l44807 ls2142">recognition </span><span class="pp-class-382 pa t30615 l44808 ls1080">or </span><span class="pp-class-382 pa t30615 l44809 ls960">measurement </span><span class="pp-class-382 pa t30615 l44810 ls103">of </span><span class="pp-class-382 pa t30615 l44811 ls1118">items </span><span class="pp-class-382 pa t30615 l44812 ls1080">in </span><span class="pp-class-382 pa t30615 l44813 ls1099">the </span><span class="pp-class-382 pa t30615 l44814 ls1073">financial </span><span class="pp-class-382 pa t30615 l44815 ls1244">statements </span><span class="pp-class-382 pa t30615 l44816 ls8569">however, </span><span class="pp-class-382 pa t30622 l3 ls1080">it </span><span class="pp-class-382 pa t30622 l44817 ls1323">will </span><span class="pp-class-382 pa t30622 l44818 ls728">impact </span><span class="pp-class-382 pa t30622 l44819 ls1194">presentation </span><span class="pp-class-382 pa t30622 l44820 ls858">and </span><span class="pp-class-382 pa t30622 l44821 ls1083">disclosure.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30634 l3 ls1722">Management </span><span class="pp-class-382 pa t30634 l44822 ls2760">is </span><span class="pp-class-382 pa t30634 l44823 ls5024">currently </span><span class="pp-class-382 pa t30634 l44824 ls3241">assessing </span><span class="pp-class-382 pa t30634 l19348 ls650">the </span><span class="pp-class-382 pa t30634 l44825 ls1789">implications </span><span class="pp-class-382 pa t30634 l44826 ls2531">of </span><span class="pp-class-382 pa t30634 l44827 ls18115">applying </span><span class="pp-class-382 pa t30634 l44828 ls650">the </span><span class="pp-class-382 pa t30634 l44829 ls2949">new </span><span class="pp-class-382 pa t30634 l44830 ls12399">standard. </span><span class="pp-class-382 pa t30634 l44831 ls1772">A </span><span class="pp-class-382 pa t30634 l44832 ls13205">high-level </span><span class="pp-class-382 pa t30634 l44833 ls2588">preliminary </span><span class="pp-class-382 pa t30807 l3 ls3310">assessment </span><span class="pp-class-382 pa t30807 l32199 ls650">has </span><span class="pp-class-382 pa t30807 l44834 ls3310">identified </span><span class="pp-class-382 pa t30807 l44835 ls650">the </span><span class="pp-class-382 pa t30807 l44836 ls4343">following: </span><span class="pp-class-382 pa t30807 l44837 ls9272">grouping </span><span class="pp-class-382 pa t30807 l44838 ls195">items </span><span class="pp-class-382 pa t30807 l44839 ls2531">of </span><span class="pp-class-382 pa t30807 l44840 ls15062">income </span><span class="pp-class-382 pa t30807 l44841 ls650">and </span><span class="pp-class-382 pa t30807 l44842 ls9272">expenses </span><span class="pp-class-382 pa t30807 l44843 ls2760">in </span><span class="pp-class-382 pa t30807 l44780 ls650">the </span><span class="pp-class-382 pa t30807 l44844 ls3036">statement </span><span class="pp-class-382 pa t30807 l44845 ls2531">of </span><span class="pp-class-382 pa t30807 l44846 ls3036">profit </span><span class="pp-class-382 pa t30807 l44847 ls2760">or </span><span class="pp-class-382 pa t30807 l44848 ls1150">loss </span><span class="pp-class-382 pa t30644 l3 ls3216">into </span><span class="pp-class-382 pa t30644 l44849 ls650">the </span><span class="pp-class-382 pa t30644 l44850 ls2949">new </span><span class="pp-class-382 pa t30644 l44851 ls8446">categories </span><span class="pp-class-382 pa t30644 l6315 ls2955">will </span><span class="pp-class-382 pa t30644 l44852 ls7611">impact </span><span class="pp-class-382 pa t30644 l16442 ls2949">how </span><span class="pp-class-382 pa t30644 l44853 ls2766">operating </span><span class="pp-class-382 pa t30644 l44854 ls3036">profit </span><span class="pp-class-382 pa t30644 l44855 ls2760">is </span><span class="pp-class-382 pa t30644 l44856 ls8446">calculated </span><span class="pp-class-382 pa t30644 l44857 ls650">and </span><span class="pp-class-382 pa t30644 l44858 ls1789">reported, </span><span class="pp-class-382 pa t30644 l44859 ls650">and </span><span class="pp-class-382 pa t30644 l44860 ls195">changes </span><span class="pp-class-382 pa t30644 l44861 ls1759">to </span><span class="pp-class-382 pa t30649 l3 ls1789">classification </span><span class="pp-class-382 pa t30649 l43999 ls2531">of </span><span class="pp-class-382 pa t30649 l44862 ls3241">financial </span><span class="pp-class-382 pa t30649 l21371 ls195">items </span><span class="pp-class-382 pa t30649 l44863 ls2760">in </span><span class="pp-class-382 pa t30649 l44864 ls650">the </span><span class="pp-class-382 pa t30649 l44865 ls3036">statement </span><span class="pp-class-382 pa t30649 l16176 ls2531">of </span><span class="pp-class-382 pa t30649 l44866 ls2955">cash </span><span class="pp-class-382 pa t30649 l44867 ls3036">flows </span><span class="pp-class-382 pa t30649 l44868 ls2760">is </span><span class="pp-class-382 pa t30649 l44869 ls1736">expected </span><span class="pp-class-382 pa t30649 l44870 ls650">to </span><span class="pp-class-382 pa t30649 l44871 ls7611">impact </span><span class="pp-class-382 pa t30649 l44872 ls650">the </span><span class="pp-class-382 pa t30649 l44873 ls1049">presented </span><span class="pp-class-382 pa t30649 l44874 ls2955">cash </span><span class="pp-class-382 pa t30649 l44875 ls10900">flows </span><span class="pp-class-382 pa t30655 l3 ls14385">from </span><span class="pp-class-382 pa t30655 l43219 ls721">operating, </span><span class="pp-class-382 pa t30655 l44876 ls7966">investing </span><span class="pp-class-382 pa t30655 l44877 ls650">and </span><span class="pp-class-382 pa t30655 l44878 ls3241">financing </span><span class="pp-class-382 pa t30655 l44879 ls1789">activities, </span><span class="pp-class-382 pa t30655 l44880 ls16064">respectively.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30670 l3 ls2688">New </span><span class="pp-class-383 pa t30670 l44738 ls3105">International </span><span class="pp-class-383 pa t30670 l44881 ls1073">Financial </span><span class="pp-class-383 pa t30670 l44882 ls187">Reporting </span><span class="pp-class-383 pa t30670 l44883 ls53">Standards </span><span class="pp-class-383 pa t30670 l44884 ls1099">and </span><span class="pp-class-383 pa t30670 l44885 ls1868">Interpretations</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30676 l3 ls858">The </span><span class="pp-class-382 pa t30676 l16631 ls2784">Group </span><span class="pp-class-382 pa t30676 l4002 ls858">has </span><span class="pp-class-382 pa t30676 l44886 ls1237">applied </span><span class="pp-class-382 pa t30676 l17604 ls858">the </span><span class="pp-class-382 pa t30676 l44887 ls4299">following </span><span class="pp-class-382 pa t30676 l44888 ls2127">standards </span><span class="pp-class-382 pa t30676 l44889 ls858">and </span><span class="pp-class-382 pa t30676 l44890 ls806">amendments </span><span class="pp-class-382 pa t30676 l44891 ls3278">for </span><span class="pp-class-382 pa t30676 l31728 ls858">the </span><span class="pp-class-382 pa t30676 l44892 ls1759">first </span><span class="pp-class-382 pa t30676 l44893 ls1323">time </span><span class="pp-class-382 pa t30676 l44894 ls3278">for </span><span class="pp-class-382 pa t30676 l44895 ls1099">its </span><span class="pp-class-382 pa t30676 l44896 ls2486">annual </span><span class="pp-class-382 pa t30676 l44897 ls1319">reporting </span><span class="pp-class-382 pa t30682 l3 ls2486">period </span><span class="pp-class-382 pa t30682 l44898 ls819">commencing </span><span class="pp-class-382 pa t30682 l16798 ls302">1 </span><span class="pp-class-382 pa t30682 l44899 ls3572">January </span><span class="pp-class-382 pa t30682 l44900 ls1772">2024: </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30687 l3">- </span><span class="pp-class-382 pa t30687 l44901 ls3387">Classification </span><span class="pp-class-382 pa t30687 l44902 ls103">of </span><span class="pp-class-382 pa t30687 l44903 ls1118">Liabilities </span><span class="pp-class-382 pa t30687 l44904 ls1080">as </span><span class="pp-class-382 pa t30687 l29163 ls852">Current </span><span class="pp-class-382 pa t30687 l44905 ls1080">or </span><span class="pp-class-382 pa t30687 l44906 ls1101">Non-current </span><span class="pp-class-382 pa t30687 l44907 ls858">and </span><span class="pp-class-382 pa t30687 l44908 ls1101">Non-current </span><span class="pp-class-382 pa t30687 l44909 ls1118">liabilities </span><span class="pp-class-382 pa t30687 l44910 ls1323">with </span><span class="pp-class-382 pa t30687 l44911 ls1316">covenants </span><span class="pp-class-382 pa t30687 l44912">– </span><span class="pp-class-382 pa t30828 l44901 ls806">Amendments </span><span class="pp-class-382 pa t30828 l44913 ls1759">to </span><span class="pp-class-382 pa t30828 l44914 ls4275">IAS </span><span class="pp-class-382 pa t30828 l44915 ls1080">1: </span><span class="pp-class-382 pa t30828 l44916 ls1323">with </span><span class="pp-class-382 pa t30828 l42347 ls858">the </span><span class="pp-class-382 pa t30828 l44917 ls1150">introduction </span><span class="pp-class-382 pa t30828 l44918 ls103">of </span><span class="pp-class-382 pa t30828 l44919 ls806">amendments </span><span class="pp-class-382 pa t30828 l44920 ls1759">to </span><span class="pp-class-382 pa t30828 l44921 ls4275">IAS </span><span class="pp-class-382 pa t30828 l44922 ls302">1 </span><span class="pp-class-382 pa t30828 l44923 ls1080">in </span><span class="pp-class-382 pa t30828 l44924 ls2854">2024, </span><span class="pp-class-382 pa t30828 l44925 ls302">a </span><span class="pp-class-382 pa t30828 l44081 ls1073">liability </span><span class="pp-class-382 pa t30828 l44926 ls1323">will </span><span class="pp-class-382 pa t30828 l44927 ls1080">be </span><span class="pp-class-382 pa t30828 l44928 ls819">classified </span><span class="pp-class-382 pa t30828 l44929 ls278">as </span><span class="pp-class-382 pa t30689 l44901 ls1101">non-current </span><span class="pp-class-382 pa t30689 l44930 ls1323">when </span><span class="pp-class-382 pa t30689 l44931 ls1323">DFDS </span><span class="pp-class-382 pa t30689 l44932 ls858">has </span><span class="pp-class-382 pa t30689 l44933 ls858">the </span><span class="pp-class-382 pa t30689 l44934 ls1305">right </span><span class="pp-class-382 pa t30689 l44935 ls1759">to </span><span class="pp-class-382 pa t30689 l44936 ls53">defer </span><span class="pp-class-382 pa t30689 l27385 ls2970">settlement </span><span class="pp-class-382 pa t30689 l44937 ls103">of </span><span class="pp-class-382 pa t30689 l44938 ls858">the </span><span class="pp-class-382 pa t30689 l44939 ls1073">liability </span><span class="pp-class-382 pa t30689 l44940 ls3278">for </span><span class="pp-class-382 pa t30689 l44941 ls1083">at </span><span class="pp-class-382 pa t30689 l44942 ls1759">least </span><span class="pp-class-382 pa t30689 l44943 ls1314">twelve </span><span class="pp-class-382 pa t30689 l44944 ls1073">months </span><span class="pp-class-382 pa t30689 l44945 ls2842">after </span><span class="pp-class-382 pa t30689 l44946 ls302">the </span><span class="pp-class-382 pa t30696 l44901 ls53">reporting </span><span class="pp-class-382 pa t30696 l44947 ls1237">period, </span><span class="pp-class-382 pa t30696 l44948 ls2842">classification </span><span class="pp-class-382 pa t30696 l44949 ls1080">is </span><span class="pp-class-382 pa t30696 l44950 ls1150">unaffected </span><span class="pp-class-382 pa t30696 l44951 ls2784">by </span><span class="pp-class-382 pa t30696 l44952 ls2088">management’s </span><span class="pp-class-382 pa t30696 l44953 ls1321">intention </span><span class="pp-class-382 pa t30696 l44954 ls1080">or </span><span class="pp-class-382 pa t30696 l44955 ls2688">expectations </span><span class="pp-class-382 pa t30696 l44956 ls3474">whether </span><span class="pp-class-382 pa t30696 l44957 ls1759">to </span><span class="pp-class-382 pa t30696 l44958 ls1099">use </span><span class="pp-class-382 pa t30696 l44959 ls302">the </span><span class="pp-class-382 pa t30703 l44901 ls1305">right </span><span class="pp-class-382 pa t30703 l18661 ls1759">to </span><span class="pp-class-382 pa t30703 l44960 ls53">defer </span><span class="pp-class-382 pa t30703 l44961 ls2970">settlement </span><span class="pp-class-382 pa t30703 l44962 ls1080">or </span><span class="pp-class-382 pa t30703 l37848 ls2486">choose </span><span class="pp-class-382 pa t30703 l44963 ls1759">to </span><span class="pp-class-382 pa t30703 l44964 ls1244">settle </span><span class="pp-class-382 pa t30703 l44965 ls7996">early. </span><span class="pp-class-382 pa t30703 l44966 ls3377">Previous </span><span class="pp-class-382 pa t30703 l44967 ls2688">requirements </span><span class="pp-class-382 pa t30703 l44968 ls3278">for </span><span class="pp-class-382 pa t30703 l44969 ls187">classifying </span><span class="pp-class-382 pa t30703 l44970 ls302">a </span><span class="pp-class-382 pa t30703 l44971 ls1073">liability </span><span class="pp-class-382 pa t30703 l44972 ls1080">as </span><span class="pp-class-382 pa t30703 l44973 ls2889">current </span><span class="pp-class-382 pa t30707 l44901 ls1080">or </span><span class="pp-class-382 pa t30707 l44974 ls1101">non-current </span><span class="pp-class-382 pa t30707 l44975 ls3474">established </span><span class="pp-class-382 pa t30707 l44976 ls6360">that </span><span class="pp-class-382 pa t30707 l44977 ls302">a </span><span class="pp-class-382 pa t30707 l44978 ls1073">liability </span><span class="pp-class-382 pa t30707 l44979 ls1080">is </span><span class="pp-class-382 pa t30707 l44980 ls852">current </span><span class="pp-class-382 pa t30707 l44981 ls20054">if, </span><span class="pp-class-382 pa t30707 l44982 ls1759">among </span><span class="pp-class-382 pa t30707 l44983 ls3474">others, </span><span class="pp-class-382 pa t30707 l44984 ls1323">DFDS </span><span class="pp-class-382 pa t30707 l44985 ls858">did </span><span class="pp-class-382 pa t30707 l44986 ls830">not </span><span class="pp-class-382 pa t30707 l44987 ls185">have </span><span class="pp-class-382 pa t30707 l44988 ls1080">an </span><span class="pp-class-382 pa t30707 l44989 ls2486">unconditional </span><span class="pp-class-382 pa t30712 l44901 ls1305">right </span><span class="pp-class-382 pa t30712 l18661 ls1759">to </span><span class="pp-class-382 pa t30712 l44960 ls53">defer </span><span class="pp-class-382 pa t30712 l44961 ls2970">settlement </span><span class="pp-class-382 pa t30712 l44962 ls103">of </span><span class="pp-class-382 pa t30712 l17145 ls858">the </span><span class="pp-class-382 pa t30712 l16820 ls1073">liability </span><span class="pp-class-382 pa t30712 l44990 ls3278">for </span><span class="pp-class-382 pa t30712 l44991 ls1083">at </span><span class="pp-class-382 pa t30712 l44992 ls1759">least </span><span class="pp-class-382 pa t30712 l44993 ls1314">twelve </span><span class="pp-class-382 pa t30712 l44994 ls1073">months </span><span class="pp-class-382 pa t30712 l44995 ls2842">after </span><span class="pp-class-382 pa t30712 l44996 ls858">the </span><span class="pp-class-382 pa t30712 l44997 ls53">reporting </span><span class="pp-class-382 pa t30712 l44998 ls1237">period. </span><span class="pp-class-382 pa t30712 l44999 ls1463">Comparative </span><span class="pp-class-382 pa t30720 l44901 ls1150">figures </span><span class="pp-class-382 pa t30720 l45000 ls185">have </span><span class="pp-class-382 pa t30720 l29370 ls1323">been </span><span class="pp-class-382 pa t30720 l45001 ls3458">restated </span><span class="pp-class-382 pa t30720 l45002 ls6100">accordingly.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30728 l3">- </span><span class="pp-class-382 pa t30728 l45003 ls45004">Lease </span><span class="pp-class-382 pa t30728 l45005 ls2459">Liability </span><span class="pp-class-382 pa t30728 l45006 ls2142">in </span><span class="pp-class-382 pa t30728 l45007 ls7694">Sale </span><span class="pp-class-382 pa t30728 l45008 ls2944">and </span><span class="pp-class-382 pa t30728 l16742 ls2769">Leaseback </span><span class="pp-class-382 pa t30728 l45009 ls2486">– </span><span class="pp-class-382 pa t30728 l45010 ls7858">Amendments </span><span class="pp-class-382 pa t30728 l45011 ls4305">to </span><span class="pp-class-382 pa t30728 l45012 ls800">IFRS </span><span class="pp-class-382 pa t30728 l45013 ls2671">16: </span><span class="pp-class-382 pa t30728 l45014 ls2944">did </span><span class="pp-class-382 pa t30728 l45015 ls7096">not </span><span class="pp-class-382 pa t30728 l45016 ls1049">have </span><span class="pp-class-382 pa t30728 l45017 ls1864">any </span><span class="pp-class-382 pa t30728 l45018 ls19370">material </span><span class="pp-class-382 pa t30728 l45019 ls3382">impact </span><span class="pp-class-382 pa t30728 l45020 ls2142">on </span><span class="pp-class-382 pa t30728 l45021 ls2486">the </span><span class="pp-class-382 pa t30841 l45003 ls2671">amounts </span><span class="pp-class-382 pa t30841 l45022 ls2588">recognised </span><span class="pp-class-382 pa t30841 l45023 ls2142">in </span><span class="pp-class-382 pa t30841 l45024 ls7094">prior </span><span class="pp-class-382 pa t30841 l33867 ls9967">periods </span><span class="pp-class-382 pa t30841 l45025 ls2944">and </span><span class="pp-class-382 pa t30841 l45026 ls2142">is </span><span class="pp-class-382 pa t30841 l45027 ls7096">not </span><span class="pp-class-382 pa t30841 l45028 ls3362">expected </span><span class="pp-class-382 pa t30841 l45029 ls4305">to </span><span class="pp-class-382 pa t30841 l45030 ls3310">significantly </span><span class="pp-class-382 pa t30841 l45031 ls3310">affect </span><span class="pp-class-382 pa t30841 l45032 ls2944">the </span><span class="pp-class-382 pa t30841 l45033 ls3310">current </span><span class="pp-class-382 pa t30841 l45034 ls2142">or </span><span class="pp-class-382 pa t30841 l45035 ls2147">future </span><span class="pp-class-382 pa t30841 l45036 ls9967">periods.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30735 l3">- </span><span class="pp-class-382 pa t30735 l44901 ls8064">Supplier </span><span class="pp-class-382 pa t30735 l45037 ls1237">Finance </span><span class="pp-class-382 pa t30735 l39057 ls2970">Arrangements </span><span class="pp-class-382 pa t30735 l45038 ls302">– </span><span class="pp-class-382 pa t30735 l45039 ls806">Amendments </span><span class="pp-class-382 pa t30735 l45040 ls1759">to </span><span class="pp-class-382 pa t30735 l45041 ls4275">IAS </span><span class="pp-class-382 pa t30735 l45042 ls302">7 </span><span class="pp-class-382 pa t30735 l2903 ls1099">and </span><span class="pp-class-382 pa t30735 l45043 ls187">IFRS </span><span class="pp-class-382 pa t30735 l45044 ls2760">7: </span><span class="pp-class-382 pa t30735 l45045 ls1080">as </span><span class="pp-class-382 pa t30735 l45046 ls302">a </span><span class="pp-class-382 pa t30735 l45047 ls800">result </span><span class="pp-class-382 pa t30735 l45048 ls103">of </span><span class="pp-class-382 pa t30735 l45049 ls858">the </span><span class="pp-class-382 pa t30735 l45050 ls1101">adoption </span><span class="pp-class-382 pa t30735 l45051 ls103">of </span><span class="pp-class-382 pa t30735 l45052 ls302">the </span><span class="pp-class-382 pa t30741 l44901 ls806">amendments </span><span class="pp-class-382 pa t30741 l9255 ls1759">to </span><span class="pp-class-382 pa t30741 l45053 ls4275">IAS </span><span class="pp-class-382 pa t30741 l41430 ls302">7 </span><span class="pp-class-382 pa t30741 l17594 ls858">and </span><span class="pp-class-382 pa t30741 l45054 ls187">IFRS </span><span class="pp-class-382 pa t30741 l45055 ls45056">7, </span><span class="pp-class-382 pa t30741 l45057 ls858">the </span><span class="pp-class-382 pa t30741 l45058 ls2784">Group </span><span class="pp-class-382 pa t30741 l32375 ls3377">provided </span><span class="pp-class-382 pa t30741 l45059 ls1150">new </span><span class="pp-class-382 pa t30741 l45060 ls2142">disclosures </span><span class="pp-class-382 pa t30741 l45061 ls3278">for </span><span class="pp-class-382 pa t30741 l45062 ls1118">liabilities </span><span class="pp-class-382 pa t30741 l45063 ls1759">under </span><span class="pp-class-382 pa t30741 l45064 ls2694">supplier </span><span class="pp-class-382 pa t30741 l45065 ls858">finance </span><span class="pp-class-382 pa t30748 l44901 ls2970">arrangements </span><span class="pp-class-382 pa t30748 l45066 ls1080">in </span><span class="pp-class-382 pa t30748 l43850 ls1859">note </span><span class="pp-class-382 pa t30748 l45067 ls1055">3.2.3.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30759 l3 ls4279">Voluntary </span><span class="pp-class-383 pa t30759 l45068 ls2486">change </span><span class="pp-class-383 pa t30759 l45069 ls1080">in </span><span class="pp-class-383 pa t30759 l45070 ls53">accounting </span><span class="pp-class-383 pa t30759 l45071 ls1150">policy </span><span class="pp-class-383 pa t30759 l45072">- </span><span class="pp-class-383 pa t30759 l45073 ls1323">IFRS </span><span class="pp-class-383 pa t30759 l45074 ls1073">16 </span><span class="pp-class-383 pa t30759 l45075 ls960">practical </span><span class="pp-class-383 pa t30759 l45076 ls4305">expedient</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30768 l3 ls1323">DFDS </span><span class="pp-class-382 pa t30768 l41618 ls1080">no </span><span class="pp-class-382 pa t30768 l45077 ls2486">longer </span><span class="pp-class-382 pa t30768 l45078 ls1237">applies </span><span class="pp-class-382 pa t30768 l45079 ls858">the </span><span class="pp-class-382 pa t30768 l45080 ls2760">practical </span><span class="pp-class-382 pa t30768 l45081 ls4299">expedient </span><span class="pp-class-382 pa t30768 l45082 ls830">not </span><span class="pp-class-382 pa t30768 l45083 ls1759">to </span><span class="pp-class-382 pa t30768 l45084 ls1859">account </span><span class="pp-class-382 pa t30768 l45085 ls3278">for </span><span class="pp-class-382 pa t30768 l45086 ls1772">each </span><span class="pp-class-382 pa t30768 l45087 ls1759">lease </span><span class="pp-class-382 pa t30768 l45088 ls1319">component </span><span class="pp-class-382 pa t30768 l45089 ls2486">within </span><span class="pp-class-382 pa t30768 l45090 ls1080">lease </span><span class="pp-class-382 pa t30774 l3 ls7694">contracts </span><span class="pp-class-382 pa t30774 l45091 ls21295">separately. </span><span class="pp-class-382 pa t30774 l45092 ls1323">DFDS </span><span class="pp-class-382 pa t30774 l45093 ls1150">now </span><span class="pp-class-382 pa t30774 l45094 ls3377">separates </span><span class="pp-class-382 pa t30774 l45095 ls1099">the </span><span class="pp-class-382 pa t30774 l45096 ls1323">non-lease </span><span class="pp-class-382 pa t30774 l45097 ls806">components </span><span class="pp-class-382 pa t30774 l45098 ls1243">from </span><span class="pp-class-382 pa t30774 l45099 ls858">the </span><span class="pp-class-382 pa t30774 l45100 ls1759">lease </span><span class="pp-class-382 pa t30774 l45101 ls806">components. </span><span class="pp-class-382 pa t30774 l45102 ls1080">In </span><span class="pp-class-382 pa t30774 l45103 ls1073">addition, </span><span class="pp-class-382 pa t30778 l3 ls1323">DFDS </span><span class="pp-class-382 pa t30778 l41618 ls858">has </span><span class="pp-class-382 pa t30778 l45104 ls3278">elected </span><span class="pp-class-382 pa t30778 l45105 ls1759">to </span><span class="pp-class-382 pa t30778 l45106 ls1080">no </span><span class="pp-class-382 pa t30778 l45107 ls2486">longer </span><span class="pp-class-382 pa t30778 l45108 ls238">capitalise </span><span class="pp-class-382 pa t30778 l45109 ls1859">short-term </span><span class="pp-class-382 pa t30778 l45110 ls2486">leases </span><span class="pp-class-382 pa t30778 l45111 ls103">of </span><span class="pp-class-382 pa t30778 l45112 ls1321">ferries, </span><span class="pp-class-382 pa t30778 l45113 ls858">but </span><span class="pp-class-382 pa t30778 l19226 ls650">only </span><span class="pp-class-382 pa t30778 l45114 ls1759">those </span><span class="pp-class-382 pa t30778 l45115 ls828">expected </span><span class="pp-class-382 pa t30778 l45116 ls1759">to </span><span class="pp-class-382 pa t30778 l45117 ls1080">be </span><span class="pp-class-382 pa t30778 l45118 ls3105">extended </span><span class="pp-class-382 pa t30873 l3 ls2944">resulting </span><span class="pp-class-382 pa t30873 l35516 ls1080">in </span><span class="pp-class-382 pa t30873 l3503 ls302">a </span><span class="pp-class-382 pa t30873 l45119 ls2889">total </span><span class="pp-class-382 pa t30873 l45120 ls1759">lease </span><span class="pp-class-382 pa t30873 l45121 ls1073">term </span><span class="pp-class-382 pa t30873 l45122 ls2145">exceeding </span><span class="pp-class-382 pa t30873 l45123 ls1080">12 </span><span class="pp-class-382 pa t30873 l23061 ls1073">months </span><span class="pp-class-382 pa t30873 l30043 ls1243">from </span><span class="pp-class-382 pa t30873 l45124 ls296">commencement </span><span class="pp-class-382 pa t30873 l45125 ls2688">date. </span><span class="pp-class-382 pa t30873 l45126 ls1099">The </span><span class="pp-class-382 pa t30873 l45127 ls2486">change </span><span class="pp-class-382 pa t30873 l45128 ls1080">is </span><span class="pp-class-382 pa t30873 l45129 ls2694">assessed </span><span class="pp-class-382 pa t30873 l45130 ls1759">to </span><span class="pp-class-382 pa t30873 l45131 ls3474">give </span><span class="pp-class-382 pa t30880 l3 ls1243">more </span><span class="pp-class-382 pa t30880 l40024 ls2132">relevant </span><span class="pp-class-382 pa t30880 l34735 ls1148">information </span><span class="pp-class-382 pa t30880 l45132 ls858">and </span><span class="pp-class-382 pa t30880 l45133 ls1080">is </span><span class="pp-class-382 pa t30880 l19079 ls3623">better </span><span class="pp-class-382 pa t30880 l45134 ls1237">aligned </span><span class="pp-class-382 pa t30880 l45135 ls1323">with </span><span class="pp-class-382 pa t30880 l45136 ls3623">market </span><span class="pp-class-382 pa t30880 l45137 ls2145">practice. </span><span class="pp-class-382 pa t30880 l45138 ls858">The </span><span class="pp-class-382 pa t30880 l45139 ls1237">changes </span><span class="pp-class-382 pa t30880 l45140 ls800">are </span><span class="pp-class-382 pa t30880 l45141 ls2970">considered </span><span class="pp-class-382 pa t30880 l45142 ls2486">change </span><span class="pp-class-382 pa t30880 l45143 ls278">in </span><span class="pp-class-382 pa t30885 l3 ls53">accounting </span><span class="pp-class-382 pa t30885 l11953 ls2889">policy </span><span class="pp-class-382 pa t30885 l27069 ls858">and </span><span class="pp-class-382 pa t30885 l4841 ls2145">comparative </span><span class="pp-class-382 pa t30885 l45144 ls1150">figures </span><span class="pp-class-382 pa t30885 l45145 ls185">have </span><span class="pp-class-382 pa t30885 l45146 ls1323">been </span><span class="pp-class-382 pa t30885 l45147 ls3458">restated </span><span class="pp-class-382 pa t30885 l45148 ls12399">retrospectively.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t45149 l3 ls2796">DFDS’s </span><span class="pp-class-382 pa t45149 l45150 ls9967">accounting </span><span class="pp-class-382 pa t45149 l45151 ls1864">policy </span><span class="pp-class-382 pa t45149 l45152 ls3105">has </span><span class="pp-class-382 pa t45149 l45153 ls7549">historically </span><span class="pp-class-382 pa t45149 l45154 ls1150">been </span><span class="pp-class-382 pa t45149 l45155 ls4305">not </span><span class="pp-class-382 pa t45149 l1346 ls2854">to </span><span class="pp-class-382 pa t45149 l45156 ls1314">separate </span><span class="pp-class-382 pa t45149 l45157 ls3105">the </span><span class="pp-class-382 pa t45149 l45158 ls1150">non-lease </span><span class="pp-class-382 pa t45149 l45159 ls4279">components </span><span class="pp-class-382 pa t45149 l45160 ls1057">from </span><span class="pp-class-382 pa t45149 l45161 ls3105">the </span><span class="pp-class-382 pa t45149 l45162 ls1772">lease </span><span class="pp-class-382 pa t45163 l3 ls4279">components </span><span class="pp-class-382 pa t45163 l45164 ls17717">(except </span><span class="pp-class-382 pa t45163 l45165 ls800">for </span><span class="pp-class-382 pa t45163 l29937 ls3630">terminals), </span><span class="pp-class-382 pa t45163 l45166 ls3105">and </span><span class="pp-class-382 pa t45163 l22629 ls650">instead </span><span class="pp-class-382 pa t45163 l45167 ls2854">to </span><span class="pp-class-382 pa t45163 l45168 ls3458">account </span><span class="pp-class-382 pa t45163 l45169 ls800">for </span><span class="pp-class-382 pa t45163 l45170 ls3105">the </span><span class="pp-class-382 pa t45163 l45171 ls2273">contracts </span><span class="pp-class-382 pa t45163 l45172 ls1772">in </span><span class="pp-class-382 pa t45163 l45173 ls3623">their </span><span class="pp-class-382 pa t45163 l45174 ls11558">entirety </span><span class="pp-class-382 pa t45163 l45175 ls1150">(the </span><span class="pp-class-382 pa t45163 l45176 ls2769">practical </span><span class="pp-class-382 pa t45177 l3 ls26">expedient). </span><span class="pp-class-382 pa t45177 l45178 ls1945">Furthermore, </span><span class="pp-class-382 pa t45177 l45179 ls53">short </span><span class="pp-class-382 pa t45177 l45180 ls4305">term </span><span class="pp-class-382 pa t45177 l34004 ls2787">leases </span><span class="pp-class-382 pa t45177 l45181 ls1974">(with </span><span class="pp-class-382 pa t45177 l45182 ls1099">a </span><span class="pp-class-382 pa t45177 l45183 ls4305">term </span><span class="pp-class-382 pa t45177 l45184 ls1864">below </span><span class="pp-class-382 pa t45177 l45185 ls3105">one </span><span class="pp-class-382 pa t45177 l45186 ls1864">year) </span><span class="pp-class-382 pa t45177 l45187 ls800">for </span><span class="pp-class-382 pa t45177 l45188 ls7096">ferries </span><span class="pp-class-382 pa t45177 l45189 ls1789">have </span><span class="pp-class-382 pa t45177 l45190 ls7549">historically </span><span class="pp-class-382 pa t45177 l45191 ls1073">been </span></p></div></div><div class="pp-class-10" id="pp-id-5038" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45192 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3 ls2955">recognised </span><span class="pp-class-382 pa t328 l5025 ls1772">on </span><span class="pp-class-382 pa t328 l45193 ls3105">the </span><span class="pp-class-382 pa t328 l45194 ls1194">balance </span><span class="pp-class-382 pa t328 l45195 ls2531">sheet </span><span class="pp-class-382 pa t328 l45196 ls1772">as </span><span class="pp-class-382 pa t328 l45197 ls1099">a </span><span class="pp-class-382 pa t328 l45198 ls3623">lease </span><span class="pp-class-382 pa t328 l45199 ls2149">liability </span><span class="pp-class-382 pa t328 l45200 ls3105">and </span><span class="pp-class-382 pa t328 l45201 ls1099">a </span><span class="pp-class-382 pa t328 l45202 ls2848">right-of-use </span><span class="pp-class-382 pa t328 l45203 ls2531">asset </span><span class="pp-class-382 pa t328 l45204 ls715">that </span><span class="pp-class-382 pa t328 l45205 ls1772">is </span><span class="pp-class-382 pa t328 l45206 ls3184">depreciated </span><span class="pp-class-382 pa t328 l45207 ls650">instead </span><span class="pp-class-382 pa t328 l45208 ls2482">of </span><span class="pp-class-382 pa t30568 l3 ls2132">expensing </span><span class="pp-class-382 pa t30568 l45209 ls3105">the </span><span class="pp-class-382 pa t30568 l45210 ls1974">lease </span><span class="pp-class-382 pa t30568 l29743 ls1150">cost </span><span class="pp-class-382 pa t30568 l45211 ls4343">directly </span><span class="pp-class-382 pa t30568 l45212 ls1772">in </span><span class="pp-class-382 pa t30568 l45213 ls3105">the </span><span class="pp-class-382 pa t30568 l45214 ls2787">income </span><span class="pp-class-382 pa t30568 l45215 ls185">statement.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30583 l3 ls1772">Had </span><span class="pp-class-382 pa t30583 l45216 ls858">the </span><span class="pp-class-382 pa t30583 l45217 ls2486">change </span><span class="pp-class-382 pa t30583 l45218 ls830">not </span><span class="pp-class-382 pa t30583 l45219 ls1323">been </span><span class="pp-class-382 pa t30583 l40594 ls1701">implemented, </span><span class="pp-class-382 pa t30583 l45220 ls1099">the </span><span class="pp-class-382 pa t30583 l45221 ls1080">31 </span><span class="pp-class-382 pa t30583 l45222 ls2694">December </span><span class="pp-class-382 pa t30583 l3386 ls1150">2024 </span><span class="pp-class-382 pa t30583 l45223 ls1316">right-of-use </span><span class="pp-class-382 pa t30583 l45224 ls238">assets </span><span class="pp-class-382 pa t30583 l45225 ls2142">would </span><span class="pp-class-382 pa t30583 l45226 ls185">have </span><span class="pp-class-382 pa t30583 l45227 ls1323">been </span><span class="pp-class-382 pa t30583 l45228 ls302">DKK </span><span class="pp-class-382 pa t30588 l3 ls1323">269m </span><span class="pp-class-382 pa t30588 l45229 ls2486">higher </span><span class="pp-class-382 pa t30588 l45230 ls858">and </span><span class="pp-class-382 pa t30588 l45231 ls1759">lease </span><span class="pp-class-382 pa t30588 l45232 ls1118">liabilities </span><span class="pp-class-382 pa t30588 l45233 ls858">DKK </span><span class="pp-class-382 pa t30588 l45234 ls1323">281m </span><span class="pp-class-382 pa t30588 l45235 ls3190">higher. </span><span class="pp-class-382 pa t30588 l45236 ls2760">Operating </span><span class="pp-class-382 pa t30588 l45237 ls1323">cost </span><span class="pp-class-382 pa t30588 l45238 ls1080">in </span><span class="pp-class-382 pa t30588 l45239 ls1150">2024 </span><span class="pp-class-382 pa t30588 l45240 ls2142">would </span><span class="pp-class-382 pa t30588 l45241 ls185">have </span><span class="pp-class-382 pa t30588 l45242 ls1323">been </span><span class="pp-class-382 pa t30588 l45243 ls646">lower </span><span class="pp-class-382 pa t30588 l45244 ls2784">by </span><span class="pp-class-382 pa t30588 l45245 ls302">DKK </span><span class="pp-class-382 pa t30593 l3 ls1759">155m. </span><span class="pp-class-382 pa t30593 l45246 ls3623">Depreciation </span><span class="pp-class-382 pa t30593 l45247 ls2142">would </span><span class="pp-class-382 pa t30593 l45248 ls1080">be </span><span class="pp-class-382 pa t30593 l45249 ls858">DKK </span><span class="pp-class-382 pa t30593 l45250 ls1323">152m </span><span class="pp-class-382 pa t30593 l45251 ls3190">higher. </span><span class="pp-class-382 pa t30593 l45252 ls1759">Minor </span><span class="pp-class-382 pa t30593 l45253 ls728">impact </span><span class="pp-class-382 pa t30593 l45254 ls103">of </span><span class="pp-class-382 pa t30593 l45255 ls1099">the </span><span class="pp-class-382 pa t30593 l45256 ls2486">change </span><span class="pp-class-382 pa t30593 l45257 ls1148">affects </span><span class="pp-class-382 pa t30593 l35379 ls1974">profit </span><span class="pp-class-382 pa t30593 l45258 ls2842">after </span><span class="pp-class-382 pa t30593 l45259 ls1073">tax, </span><span class="pp-class-382 pa t30593 l45260 ls5069">interest </span><span class="pp-class-382 pa t30606 l3 ls1110">cost, </span><span class="pp-class-382 pa t30606 l45261 ls1974">profit </span><span class="pp-class-382 pa t30606 l45262 ls1080">on </span><span class="pp-class-382 pa t30606 l45263 ls2694">disposal </span><span class="pp-class-382 pa t30606 l45264 ls103">of </span><span class="pp-class-382 pa t30606 l45265 ls1101">non-current </span><span class="pp-class-382 pa t30606 l45266 ls3474">assets, </span><span class="pp-class-382 pa t30606 l45267 ls3435">exchange </span><span class="pp-class-382 pa t30606 l45268 ls3216">rate </span><span class="pp-class-382 pa t30606 l45269 ls819">gain/loss, </span><span class="pp-class-382 pa t30606 l20629 ls1150">prepaid </span><span class="pp-class-382 pa t30606 l45270 ls1323">cost </span><span class="pp-class-382 pa t30606 l45271 ls858">and </span><span class="pp-class-382 pa t30606 l45272 ls296">other </span><span class="pp-class-382 pa t30606 l45273 ls1243">payables.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30622 l3 ls2842">Impact </span><span class="pp-class-383 pa t30622 l45274 ls1080">of </span><span class="pp-class-383 pa t30622 l45275 ls806">amendments </span><span class="pp-class-383 pa t30622 l45276 ls1080">to </span><span class="pp-class-383 pa t30622 l45277 ls8853">IAS </span><span class="pp-class-383 pa t30622 l45278 ls302">1 </span><span class="pp-class-383 pa t30622 l45279 ls858">and </span><span class="pp-class-383 pa t30622 l45280 ls2486">change </span><span class="pp-class-383 pa t30622 l45281 ls1080">in </span><span class="pp-class-383 pa t30622 l45282 ls1323">IFRS </span><span class="pp-class-383 pa t30622 l45283 ls1073">16 </span><span class="pp-class-383 pa t30622 l45284 ls53">accounting </span><span class="pp-class-383 pa t30622 l45285 ls1083">policy</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30628 l3 ls858">The </span><span class="pp-class-382 pa t30628 l16631 ls4299">following </span><span class="pp-class-382 pa t30628 l45286 ls1319">tables </span><span class="pp-class-382 pa t30628 l30624 ls1073">summarise </span><span class="pp-class-382 pa t30628 l45287 ls858">the </span><span class="pp-class-382 pa t30628 l45288 ls728">impact </span><span class="pp-class-382 pa t30628 l45289 ls103">of </span><span class="pp-class-382 pa t30628 l28534 ls858">the </span><span class="pp-class-382 pa t30628 l45290 ls1237">changes </span><span class="pp-class-382 pa t30628 l45291 ls960">requiring </span><span class="pp-class-382 pa t30628 l45292 ls7855">restatement </span><span class="pp-class-382 pa t30628 l45293 ls1080">on </span><span class="pp-class-382 pa t30628 l25406 ls858">the </span><span class="pp-class-382 pa t30628 l45294 ls1243">Group's </span><span class="pp-class-382 pa t30628 l45295 ls2489">consolidated </span><span class="pp-class-382 pa t30634 l3 ls1073">financial </span><span class="pp-class-382 pa t30634 l4513 ls1244">statements.</span></p></div></div><div id="pp-id-5039" xmlns="http://www.w3.org/1999/xhtml"><div class="w45296 h45297 pa t2 l3 wtro4 xx65 tro6 xx66"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t2738 l3">Income </span><span class="pp-class-383 pa t2738 l2752 ls254">statement </span><span class="pp-class-382 pa t2738 l45298 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45299 l45300">Full </span><span class="pp-class-373 pa t45299 l45301 ls68">year </span><span class="pp-class-373 pa t45302 l45303">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45304 l3">DKK </span><span class="pp-class-372 pa t45304 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45304 l45305 ls166">As </span><span class="pp-class-373 pa t45304 l45306 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45307 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45304 l45309">IFRS </span><span class="pp-class-373 pa t45304 l45310 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45304 l45311 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l3 ls93">Ferry </span><span class="pp-class-372 pa t45312 l9449">and </span><span class="pp-class-372 pa t45312 l19142 ls72">other </span><span class="pp-class-372 pa t45312 l42314">ship </span><span class="pp-class-372 pa t45312 l32710 ls110">operation </span><span class="pp-class-372 pa t45312 l42315">and </span><span class="pp-class-372 pa t45312 l42316 ls842">maintenance</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l45313 ls1194">5,485 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l45314">112 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l45315 ls10900">5,597 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l3 ls980">Port </span><span class="pp-class-372 pa t45316 l42320 ls982">terminal </span><span class="pp-class-372 pa t45316 l42321 ls110">operations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l45317 ls214">3,264 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l45318">-1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l45319 ls214">3,263 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l3 ls2142">Transport </span><span class="pp-class-372 pa t45320 l40530 ls96">solutions </span><span class="pp-class-372 pa t45320 l42325">and </span><span class="pp-class-372 pa t45320 l16558 ls897">warehouse </span><span class="pp-class-372 pa t45320 l42326 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l44968 ls10734">6,743 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l45321">33 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l45322 ls15093">6,776 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l3">Cost </span><span class="pp-class-372 pa t45323 l42333 ls287">of </span><span class="pp-class-372 pa t45323 l34502">sales, </span><span class="pp-class-372 pa t45323 l30915 ls671">general </span><span class="pp-class-372 pa t45323 l42334">and </span><span class="pp-class-372 pa t45323 l8839 ls884">administration</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l45324">1,206 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l45325">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l45326">1,206 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45327 l3 ls134">Operating </span><span class="pp-class-373 pa t45327 l42338 ls287">profit </span><span class="pp-class-373 pa t45327 l13972 ls332">before </span><span class="pp-class-373 pa t45327 l42339 ls854">depreciation </span><span class="pp-class-373 pa t45327 l42340">and </span><span class="pp-class-373 pa t45327 l42341 ls90">amortisation </span><span class="pp-class-373 pa t45328 l3 ls225">(EBITDA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45328 l45329 ls1150">5,034 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45328 l45330 ls150">-144 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45328 l45331 ls225">4,890 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l3 ls225">Profit </span><span class="pp-class-372 pa t45332 l2931">on </span><span class="pp-class-372 pa t45332 l42353">disposal </span><span class="pp-class-372 pa t45332 l42354 ls287">of </span><span class="pp-class-372 pa t45332 l42355 ls171">non-current </span><span class="pp-class-372 pa t45332 l42356 ls37">assets, </span><span class="pp-class-372 pa t45332 l42357 ls913">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l45333">111 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l45334">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l45335">113 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l3 ls278">Depreciation </span><span class="pp-class-372 pa t45336 l8535">on </span><span class="pp-class-372 pa t45336 l42361 ls907">tangibles </span><span class="pp-class-372 pa t45336 l42362">and </span><span class="pp-class-372 pa t45336 l42363 ls931">right-of-use </span><span class="pp-class-372 pa t45336 l40470 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l43899 ls858">2,615 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l45337 ls81">-142 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l45338 ls9272">2,473 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l3 ls134">Operating </span><span class="pp-class-373 pa t45339 l42338 ls287">profit </span><span class="pp-class-373 pa t45339 l13972 ls332">before </span><span class="pp-class-373 pa t45339 l42339 ls90">amortisation </span><span class="pp-class-373 pa t45339 l42373 ls2784">(EBITA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l45340 ls274">2,504 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l45341"/><span class="pp-class-373 pa t45339 l45342">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l45343 ls274">2,504 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l3 ls134">Operating </span><span class="pp-class-373 pa t45344 l42338 ls287">profit </span><span class="pp-class-373 pa t45344 l13972">(EBIT)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l45345 ls997">2,326 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l45342">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l45346 ls997">2,326 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l3">Financial </span><span class="pp-class-372 pa t45347 l2916">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l45348">80 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l45325">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l45349">80 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l3">Financial </span><span class="pp-class-372 pa t45350 l2916">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l45351 ls866">753 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l45352 ls180">-14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l45353 ls230">739 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l3 ls287">Profit </span><span class="pp-class-373 pa t45354 l42390 ls332">before </span><span class="pp-class-373 pa t45354 l42391 ls128">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l45355 ls85">1,652 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l45356 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l45357 ls1305">1,667 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l3 ls3102">Tax </span><span class="pp-class-372 pa t45358 l42395">on </span><span class="pp-class-372 pa t45358 l42396 ls124">profit</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l45359 ls180">148 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l45325">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l45360 ls180">148 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l3 ls287">Profit </span><span class="pp-class-373 pa t45361 l42390 ls175">for </span><span class="pp-class-373 pa t45361 l42400">the </span><span class="pp-class-373 pa t45361 l42401 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l45362 ls274">1,505 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l45356 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l45363 ls274">1,519 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45364 l3 ls39">Attributable </span><span class="pp-class-372 pa t45364 l45365 ls166">to:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l3 ls193">Equity </span><span class="pp-class-372 pa t45366 l3205">holders </span><span class="pp-class-372 pa t45366 l42408 ls287">of </span><span class="pp-class-372 pa t45366 l6798">DFDS </span><span class="pp-class-372 pa t45366 l42291 ls1065">A/S</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l45367 ls1110">1,501 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l45368 ls2835">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l45369 ls1305">1,516 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l3 ls944">Non-controlling </span><span class="pp-class-372 pa t45370 l42412 ls884">interests</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l45371">3 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l45372"/><span class="pp-class-372 pa t45370 l45325">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l45373">3 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l3 ls2459">Total </span><span class="pp-class-373 pa t45374 l29712 ls241">comprehensive </span><span class="pp-class-373 pa t45374 l29018">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l45375 ls997">1,343 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l45356 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l45376 ls1941">1,357 </span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5040" xmlns="http://www.w3.org/1999/xhtml"><div class="w45377 h45378 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">New </span><span class="pp-class-370 pa t21055 l44734 ls128">accounting </span><span class="pp-class-370 pa t21055 l44735">policies </span><span class="pp-class-370 pa t21055 l44736">and </span><span class="pp-class-370 pa t21055 l44737 ls254">disclosures </span><span class="pp-class-371 pa t21055 l45379 ls155">(continued)</span></p></div></div><div id="pp-id-5041" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45380 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls813">Balance </span><span class="pp-class-383 pa t328 l29343 ls907">sheet </span><span class="pp-class-382 pa t328 l45381 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45382 l45383">31 </span><span class="pp-class-373 pa t45382 l45384">December </span><span class="pp-class-373 pa t45385 l44588">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45386 l3">DKK </span><span class="pp-class-372 pa t45386 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45387 ls166">As </span><span class="pp-class-373 pa t45386 l45388 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45389 l45390 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45391">IFRS </span><span class="pp-class-373 pa t45386 l45392 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45393 ls180">IAS </span><span class="pp-class-373 pa t45386 l45394">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45395 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45396 l3 ls193">Assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l3 ls931">Right-of-use </span><span class="pp-class-372 pa t45397 l42662 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l45398 ls2760">5,826 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l45399">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l45400 ls650">5,600 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l3 ls193">Non-current </span><span class="pp-class-373 pa t45401 l42630 ls842">tangible </span><span class="pp-class-373 pa t45401 l42667 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l45402 ls203">21,543 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l45404 ls650">21,317 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l3 ls2459">Total </span><span class="pp-class-373 pa t45405 l29712 ls193">non-current </span><span class="pp-class-373 pa t45405 l42707 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l45406 ls869">28,918 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l45407 ls1305">28,691 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l3 ls193">Assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l45409 ls858">34,873 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l45410 ls7752">34,647 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45411 l3 ls193">Equity </span><span class="pp-class-373 pa t45411 l42769">and </span><span class="pp-class-373 pa t45411 l17236">liabilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l3 ls193">Retained </span><span class="pp-class-372 pa t45412 l42764">earnings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l45413 ls85">13,105 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l45414 ls2835">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l45415 ls302">13,119 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l3 ls193">Equity </span><span class="pp-class-373 pa t45416 l42769 ls671">attributable </span><span class="pp-class-373 pa t45416 l42770">to </span><span class="pp-class-373 pa t45416 l42771">equity </span><span class="pp-class-373 pa t45416 l42772 ls813">holders </span><span class="pp-class-373 pa t45416 l42773">of </span><span class="pp-class-373 pa t45416 l42774">DFDS </span><span class="pp-class-373 pa t45416 l17626 ls1955">A/S</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l45417 ls1110">13,827 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l45418 ls124">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l45419 ls5558">13,840 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l3 ls1264">Equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l45421 ls869">13,918 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l45418 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l45422 ls1110">13,932 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45423 l42787">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45424 ls214">13,134</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45425">-132</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45426">600</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45427 ls2970">13,602 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l3 ls180">Deferred </span><span class="pp-class-372 pa t45428 l42688 ls166">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l45429">467</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l45430">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l45431">468 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l3 ls193">Non-current </span><span class="pp-class-373 pa t45432 l42630">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45433 ls31888">13,756 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45434">-131 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45435">600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45436 ls1264">14,225</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45437 l42787">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45438 ls88">2,336</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45439 ls128">-109 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45440">-600</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45441 ls688">1,627</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l3 ls128">Current </span><span class="pp-class-373 pa t45442 l42730">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45443 ls1734">7,199 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45444 ls150">-109</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45445">-600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45446 ls1309">6,491 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l3">Liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l45448 ls2113">20,955 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l45449 ls128">-240 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l45450 ls3539">20,715 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l3 ls193">Equity </span><span class="pp-class-373 pa t45451 l42769">and </span><span class="pp-class-373 pa t45451 l17236">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l45409 ls858">34,873 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l45410 ls7752">34,647 </span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5042" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45452 pa t2 l3 wtro4 xx335 tro6 xx336"><div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t328 l3 ls813">Balance </span><span class="pp-class-383 pa t328 l29343 ls907">sheet </span><span class="pp-class-382 pa t328 l45381 ls8853">(extract)</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45382 l45453">1 </span><span class="pp-class-373 pa t45382 l45454 ls1531">January </span><span class="pp-class-373 pa t45385 l45455">2023</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45386 l3">DKK </span><span class="pp-class-372 pa t45386 l2737">million</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45386 l45305 ls166">As </span><span class="pp-class-373 pa t45386 l45306 ls37">reported</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45389 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45386 l45456">IFRS </span><span class="pp-class-373 pa t45386 l45457 ls138">16</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45386 l45311 ls78">Restated</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45396 l3 ls193">Assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l3 ls931">Right-of-use </span><span class="pp-class-372 pa t45397 l42662 ls72">assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l45458 ls858">4,648 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l45459">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l45460 ls1298">4,442</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l3 ls193">Non-current </span><span class="pp-class-373 pa t45401 l42630 ls842">tangible </span><span class="pp-class-373 pa t45401 l42667 ls907">assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l45461 ls332">21,197 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l45463 ls1083">20,991</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l3 ls2459">Total </span><span class="pp-class-373 pa t45405 l29712 ls193">non-current </span><span class="pp-class-373 pa t45405 l42707 ls907">assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l45464 ls182">28,141 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l45465 ls42711">27,935</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l3 ls193">Assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l45466 ls1252">34,084 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l45467 ls3477">33,878</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45411 l3 ls193">Equity </span><span class="pp-class-373 pa t45411 l42769">and </span><span class="pp-class-373 pa t45411 l17236">liabilities </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l3 ls193">Retained </span><span class="pp-class-372 pa t45412 l42764">earnings</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l45468">12,133 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l45469">0 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l45470">12,133</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l3 ls193">Equity </span><span class="pp-class-373 pa t45416 l42769 ls671">attributable </span><span class="pp-class-373 pa t45416 l42770">to </span><span class="pp-class-373 pa t45416 l42771">equity </span><span class="pp-class-373 pa t45416 l42772 ls813">holders </span><span class="pp-class-373 pa t45416 l42773">of </span><span class="pp-class-373 pa t45416 l42774">DFDS </span><span class="pp-class-373 pa t45416 l17626 ls1955">A/S</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l45471 ls1305">13,022 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l45342">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l45472 ls53">13,022</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l3 ls1264">Equity</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l45473 ls278">13,135 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l45342">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l45474 ls225">13,135</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45423 l42787">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l45475 ls1257">12,397</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l45476 ls134">-87</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l45477 ls1065">12,310</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l3 ls180">Deferred </span><span class="pp-class-372 pa t45428 l42688 ls166">tax</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l45478">359</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l45469">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l45479">359</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l3 ls193">Non-current </span><span class="pp-class-373 pa t45432 l42630">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l45480 ls278">12,896 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l45481 ls332">-87 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l45482 ls225">12,809</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45437 l42787">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l45483 ls830">3,137</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l45484">-119 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l45485 ls3184">3,018</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l3 ls128">Current </span><span class="pp-class-373 pa t45442 l42730">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l45486 ls53">8,053 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l45487">-119</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l45488 ls742">7,933</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l3">Liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l45489 ls2113">20,949 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l45490 ls3152">20,742</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l3 ls193">Equity </span><span class="pp-class-373 pa t45451 l42769">and </span><span class="pp-class-373 pa t45451 l17236">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l45466 ls1252">34,084 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l45467 ls3477">33,878</span></p></div></div></div></div><div class="pp-class-10" id="pp-id-5043" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45378 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">New </span><span class="pp-class-370 pa t21055 l44734 ls128">accounting </span><span class="pp-class-370 pa t21055 l44735">policies </span><span class="pp-class-370 pa t21055 l44736">and </span><span class="pp-class-370 pa t21055 l44737 ls254">disclosures </span><span class="pp-class-371 pa t21055 l45379 ls155">(continued)</span></p></div></div><div id="pp-id-5044" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45492 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls254">Statement </span><span class="pp-class-383 pa t328 l10866">of </span><span class="pp-class-383 pa t328 l45493">cash </span><span class="pp-class-383 pa t328 l45494 ls214">flows </span><span class="pp-class-382 pa t328 l45495 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45496 l45300">Full </span><span class="pp-class-373 pa t45496 l45301 ls68">year </span><span class="pp-class-373 pa t45497 l45303">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45498 l3">DKK </span><span class="pp-class-372 pa t45498 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45498 l45305 ls166">As </span><span class="pp-class-373 pa t45498 l45306 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45499 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45498 l45309">IFRS </span><span class="pp-class-373 pa t45498 l45310 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45498 l45311 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45500 l3 ls134">Operating </span><span class="pp-class-373 pa t45500 l42338 ls287">profit </span><span class="pp-class-373 pa t45500 l13972 ls332">before </span><span class="pp-class-373 pa t45500 l42339 ls854">depreciation </span><span class="pp-class-373 pa t45500 l42340">and </span><span class="pp-class-373 pa t45500 l42341 ls90">amortisation </span><span class="pp-class-373 pa t45501 l3 ls225">(EBITDA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45501 l45329 ls1150">5,034 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45501 l45330 ls150">-144 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45501 l45331 ls225">4,890 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l3 ls884">Interest </span><span class="pp-class-372 pa t45502 l14027 ls138">etc., </span><span class="pp-class-372 pa t45502 l29349">paid</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l45503 ls978">-734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l45504">9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l45505 ls16">-725 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t45506 l3 ls1323">Cash </span><span class="pp-class-383 pa t45506 l45507 ls7094">flows </span><span class="pp-class-383 pa t45506 l16515 ls688">from </span><span class="pp-class-383 pa t45506 l45508 ls2784">operating </span><span class="pp-class-383 pa t45506 l45509 ls53">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45506 l45510 ls1257">3,811 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45506 l45511">-135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45506 l45512 ls2796">3,675 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l3 ls241">Free </span><span class="pp-class-373 pa t45513 l43219">cash </span><span class="pp-class-373 pa t45513 l43220 ls103">flows</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l45486 ls85">2,662 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l45511">-135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l45514 ls274">2,526 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l3 ls124">Payment </span><span class="pp-class-372 pa t45515 l8696 ls287">of </span><span class="pp-class-372 pa t45515 l43137">lease </span><span class="pp-class-372 pa t45515 l43262">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l45516">-935 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l45517">135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l45518 ls128">-799 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l3">Cash </span><span class="pp-class-373 pa t45519 l3012 ls214">flows </span><span class="pp-class-373 pa t45519 l43152 ls241">from </span><span class="pp-class-373 pa t45519 l43153 ls2548">financing </span><span class="pp-class-373 pa t45519 l43295 ls193">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l45520 ls278">-3,115 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l45521">135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l45522 ls225">-2,980 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l3 ls813">Net </span><span class="pp-class-373 pa t45523 l43299">cash </span><span class="pp-class-373 pa t45523 l19674 ls103">flows</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l45524">-454 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l45341"/><span class="pp-class-373 pa t45523 l45342">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l45525">-454 </span></p></td></tr></table></div></div><div id="pp-id-5045" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45526 pa t2 l3 wtro4 xx65 tro6 xx66"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t2738 l3 ls2143">Key </span><span class="pp-class-383 pa t2738 l3076 ls2329">figures </span><span class="pp-class-382 pa t2738 l45527 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45528 l45300">Full </span><span class="pp-class-373 pa t45528 l45301 ls68">year </span><span class="pp-class-373 pa t45529 l45303">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45530 l3">DKK </span><span class="pp-class-372 pa t45530 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45530 l45305 ls166">As </span><span class="pp-class-373 pa t45530 l45306 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45531 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45530 l45309">IFRS </span><span class="pp-class-373 pa t45530 l45310 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45530 l45311 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l3 ls150">Net </span><span class="pp-class-372 pa t45532 l45533 ls225">interest-bearing </span><span class="pp-class-372 pa t45532 l45534 ls150">debt</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l45535 ls1305">14,689 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l45536"/><span class="pp-class-372 pa t45532 l45537 ls302">-241</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l45538 ls1309">14,449 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l3 ls884">Invested </span><span class="pp-class-372 pa t45539 l2993 ls982">capital, </span><span class="pp-class-372 pa t45539 l2994">end </span><span class="pp-class-372 pa t45539 l2995 ls287">of </span><span class="pp-class-372 pa t45539 l2996">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l45540 ls2970">28,996 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l45541"/><span class="pp-class-372 pa t45539 l45542">-226</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l45543 ls3003">28,770 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l3 ls258">ROIC </span><span class="pp-class-372 pa t45544 l8617 ls658">before </span><span class="pp-class-372 pa t45544 l8618 ls37">acquisition </span><span class="pp-class-372 pa t45544 l8619 ls842">intangibles </span><span class="pp-class-372 pa t45544 l45545 ls193">(ROIC </span><span class="pp-class-372 pa t45544 l44024 ls166">BAI), </span><span class="pp-class-372 pa t45544 l45546">%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l45547 ls6100">10.4 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l45548 ls2805">0.1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l45549 ls22674">10.5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l3 ls175">Return </span><span class="pp-class-372 pa t45550 l3141">on </span><span class="pp-class-372 pa t45550 l3142 ls884">invested </span><span class="pp-class-372 pa t45550 l3143 ls96">capital </span><span class="pp-class-372 pa t45550 l3144 ls124">(ROIC), </span><span class="pp-class-372 pa t45550 l45551">%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l45552 ls3149">7.6 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l45553 ls3102">0.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l45554 ls3149">7.6 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l3">Financial </span><span class="pp-class-372 pa t45555 l2916 ls1224">leverage, </span><span class="pp-class-372 pa t45555 l45556">times</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l45557 ls3105">2.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l45553 ls656">0.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l45558 ls3105">2.9 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l3 ls175">Earnings </span><span class="pp-class-372 pa t45559 l3218">per </span><span class="pp-class-372 pa t45559 l3219 ls110">share </span><span class="pp-class-372 pa t45559 l3220 ls93">(EPS), </span><span class="pp-class-372 pa t45559 l45560">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l45561 ls3241">26.64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l45562 ls650">0.25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l45563 ls2955">26.89</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l3 ls90">Diluted </span><span class="pp-class-372 pa t45564 l42428">earnings </span><span class="pp-class-372 pa t45564 l28571">per </span><span class="pp-class-372 pa t45564 l42429 ls110">share </span><span class="pp-class-372 pa t45564 l42430 ls1259">(EPS-D), </span><span class="pp-class-372 pa t45564 l36556">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l45313 ls3435">26.58 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l45562 ls1150">0.25 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l45565 ls2760">26.83 </span></p></td></tr></table></div></div> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30759 l3 ls4279">Voluntary </span><span class="pp-class-383 pa t30759 l45068 ls2486">change </span><span class="pp-class-383 pa t30759 l45069 ls1080">in </span><span class="pp-class-383 pa t30759 l45070 ls53">accounting </span><span class="pp-class-383 pa t30759 l45071 ls1150">policy </span><span class="pp-class-383 pa t30759 l45072">- </span><span class="pp-class-383 pa t30759 l45073 ls1323">IFRS </span><span class="pp-class-383 pa t30759 l45074 ls1073">16 </span><span class="pp-class-383 pa t30759 l45075 ls960">practical </span><span class="pp-class-383 pa t30759 l45076 ls4305">expedient</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30768 l3 ls1323">DFDS </span><span class="pp-class-382 pa t30768 l41618 ls1080">no </span><span class="pp-class-382 pa t30768 l45077 ls2486">longer </span><span class="pp-class-382 pa t30768 l45078 ls1237">applies </span><span class="pp-class-382 pa t30768 l45079 ls858">the </span><span class="pp-class-382 pa t30768 l45080 ls2760">practical </span><span class="pp-class-382 pa t30768 l45081 ls4299">expedient </span><span class="pp-class-382 pa t30768 l45082 ls830">not </span><span class="pp-class-382 pa t30768 l45083 ls1759">to </span><span class="pp-class-382 pa t30768 l45084 ls1859">account </span><span class="pp-class-382 pa t30768 l45085 ls3278">for </span><span class="pp-class-382 pa t30768 l45086 ls1772">each </span><span class="pp-class-382 pa t30768 l45087 ls1759">lease </span><span class="pp-class-382 pa t30768 l45088 ls1319">component </span><span class="pp-class-382 pa t30768 l45089 ls2486">within </span><span class="pp-class-382 pa t30768 l45090 ls1080">lease </span><span class="pp-class-382 pa t30774 l3 ls7694">contracts </span><span class="pp-class-382 pa t30774 l45091 ls21295">separately. </span><span class="pp-class-382 pa t30774 l45092 ls1323">DFDS </span><span class="pp-class-382 pa t30774 l45093 ls1150">now </span><span class="pp-class-382 pa t30774 l45094 ls3377">separates </span><span class="pp-class-382 pa t30774 l45095 ls1099">the </span><span class="pp-class-382 pa t30774 l45096 ls1323">non-lease </span><span class="pp-class-382 pa t30774 l45097 ls806">components </span><span class="pp-class-382 pa t30774 l45098 ls1243">from </span><span class="pp-class-382 pa t30774 l45099 ls858">the </span><span class="pp-class-382 pa t30774 l45100 ls1759">lease </span><span class="pp-class-382 pa t30774 l45101 ls806">components. </span><span class="pp-class-382 pa t30774 l45102 ls1080">In </span><span class="pp-class-382 pa t30774 l45103 ls1073">addition, </span><span class="pp-class-382 pa t30778 l3 ls1323">DFDS </span><span class="pp-class-382 pa t30778 l41618 ls858">has </span><span class="pp-class-382 pa t30778 l45104 ls3278">elected </span><span class="pp-class-382 pa t30778 l45105 ls1759">to </span><span class="pp-class-382 pa t30778 l45106 ls1080">no </span><span class="pp-class-382 pa t30778 l45107 ls2486">longer </span><span class="pp-class-382 pa t30778 l45108 ls238">capitalise </span><span class="pp-class-382 pa t30778 l45109 ls1859">short-term </span><span class="pp-class-382 pa t30778 l45110 ls2486">leases </span><span class="pp-class-382 pa t30778 l45111 ls103">of </span><span class="pp-class-382 pa t30778 l45112 ls1321">ferries, </span><span class="pp-class-382 pa t30778 l45113 ls858">but </span><span class="pp-class-382 pa t30778 l19226 ls650">only </span><span class="pp-class-382 pa t30778 l45114 ls1759">those </span><span class="pp-class-382 pa t30778 l45115 ls828">expected </span><span class="pp-class-382 pa t30778 l45116 ls1759">to </span><span class="pp-class-382 pa t30778 l45117 ls1080">be </span><span class="pp-class-382 pa t30778 l45118 ls3105">extended </span><span class="pp-class-382 pa t30873 l3 ls2944">resulting </span><span class="pp-class-382 pa t30873 l35516 ls1080">in </span><span class="pp-class-382 pa t30873 l3503 ls302">a </span><span class="pp-class-382 pa t30873 l45119 ls2889">total </span><span class="pp-class-382 pa t30873 l45120 ls1759">lease </span><span class="pp-class-382 pa t30873 l45121 ls1073">term </span><span class="pp-class-382 pa t30873 l45122 ls2145">exceeding </span><span class="pp-class-382 pa t30873 l45123 ls1080">12 </span><span class="pp-class-382 pa t30873 l23061 ls1073">months </span><span class="pp-class-382 pa t30873 l30043 ls1243">from </span><span class="pp-class-382 pa t30873 l45124 ls296">commencement </span><span class="pp-class-382 pa t30873 l45125 ls2688">date. </span><span class="pp-class-382 pa t30873 l45126 ls1099">The </span><span class="pp-class-382 pa t30873 l45127 ls2486">change </span><span class="pp-class-382 pa t30873 l45128 ls1080">is </span><span class="pp-class-382 pa t30873 l45129 ls2694">assessed </span><span class="pp-class-382 pa t30873 l45130 ls1759">to </span><span class="pp-class-382 pa t30873 l45131 ls3474">give </span><span class="pp-class-382 pa t30880 l3 ls1243">more </span><span class="pp-class-382 pa t30880 l40024 ls2132">relevant </span><span class="pp-class-382 pa t30880 l34735 ls1148">information </span><span class="pp-class-382 pa t30880 l45132 ls858">and </span><span class="pp-class-382 pa t30880 l45133 ls1080">is </span><span class="pp-class-382 pa t30880 l19079 ls3623">better </span><span class="pp-class-382 pa t30880 l45134 ls1237">aligned </span><span class="pp-class-382 pa t30880 l45135 ls1323">with </span><span class="pp-class-382 pa t30880 l45136 ls3623">market </span><span class="pp-class-382 pa t30880 l45137 ls2145">practice. </span><span class="pp-class-382 pa t30880 l45138 ls858">The </span><span class="pp-class-382 pa t30880 l45139 ls1237">changes </span><span class="pp-class-382 pa t30880 l45140 ls800">are </span><span class="pp-class-382 pa t30880 l45141 ls2970">considered </span><span class="pp-class-382 pa t30880 l45142 ls2486">change </span><span class="pp-class-382 pa t30880 l45143 ls278">in </span><span class="pp-class-382 pa t30885 l3 ls53">accounting </span><span class="pp-class-382 pa t30885 l11953 ls2889">policy </span><span class="pp-class-382 pa t30885 l27069 ls858">and </span><span class="pp-class-382 pa t30885 l4841 ls2145">comparative </span><span class="pp-class-382 pa t30885 l45144 ls1150">figures </span><span class="pp-class-382 pa t30885 l45145 ls185">have </span><span class="pp-class-382 pa t30885 l45146 ls1323">been </span><span class="pp-class-382 pa t30885 l45147 ls3458">restated </span><span class="pp-class-382 pa t30885 l45148 ls12399">retrospectively.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t45149 l3 ls2796">DFDS’s </span><span class="pp-class-382 pa t45149 l45150 ls9967">accounting </span><span class="pp-class-382 pa t45149 l45151 ls1864">policy </span><span class="pp-class-382 pa t45149 l45152 ls3105">has </span><span class="pp-class-382 pa t45149 l45153 ls7549">historically </span><span class="pp-class-382 pa t45149 l45154 ls1150">been </span><span class="pp-class-382 pa t45149 l45155 ls4305">not </span><span class="pp-class-382 pa t45149 l1346 ls2854">to </span><span class="pp-class-382 pa t45149 l45156 ls1314">separate </span><span class="pp-class-382 pa t45149 l45157 ls3105">the </span><span class="pp-class-382 pa t45149 l45158 ls1150">non-lease </span><span class="pp-class-382 pa t45149 l45159 ls4279">components </span><span class="pp-class-382 pa t45149 l45160 ls1057">from </span><span class="pp-class-382 pa t45149 l45161 ls3105">the </span><span class="pp-class-382 pa t45149 l45162 ls1772">lease </span><span class="pp-class-382 pa t45163 l3 ls4279">components </span><span class="pp-class-382 pa t45163 l45164 ls17717">(except </span><span class="pp-class-382 pa t45163 l45165 ls800">for </span><span class="pp-class-382 pa t45163 l29937 ls3630">terminals), </span><span class="pp-class-382 pa t45163 l45166 ls3105">and </span><span class="pp-class-382 pa t45163 l22629 ls650">instead </span><span class="pp-class-382 pa t45163 l45167 ls2854">to </span><span class="pp-class-382 pa t45163 l45168 ls3458">account </span><span class="pp-class-382 pa t45163 l45169 ls800">for </span><span class="pp-class-382 pa t45163 l45170 ls3105">the </span><span class="pp-class-382 pa t45163 l45171 ls2273">contracts </span><span class="pp-class-382 pa t45163 l45172 ls1772">in </span><span class="pp-class-382 pa t45163 l45173 ls3623">their </span><span class="pp-class-382 pa t45163 l45174 ls11558">entirety </span><span class="pp-class-382 pa t45163 l45175 ls1150">(the </span><span class="pp-class-382 pa t45163 l45176 ls2769">practical </span><span class="pp-class-382 pa t45177 l3 ls26">expedient). </span><span class="pp-class-382 pa t45177 l45178 ls1945">Furthermore, </span><span class="pp-class-382 pa t45177 l45179 ls53">short </span><span class="pp-class-382 pa t45177 l45180 ls4305">term </span><span class="pp-class-382 pa t45177 l34004 ls2787">leases </span><span class="pp-class-382 pa t45177 l45181 ls1974">(with </span><span class="pp-class-382 pa t45177 l45182 ls1099">a </span><span class="pp-class-382 pa t45177 l45183 ls4305">term </span><span class="pp-class-382 pa t45177 l45184 ls1864">below </span><span class="pp-class-382 pa t45177 l45185 ls3105">one </span><span class="pp-class-382 pa t45177 l45186 ls1864">year) </span><span class="pp-class-382 pa t45177 l45187 ls800">for </span><span class="pp-class-382 pa t45177 l45188 ls7096">ferries </span><span class="pp-class-382 pa t45177 l45189 ls1789">have </span><span class="pp-class-382 pa t45177 l45190 ls7549">historically </span><span class="pp-class-382 pa t45177 l45191 ls1073">been </span></p><div class="pp-class-10" id="pp-id-5038" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45192 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3 ls2955">recognised </span><span class="pp-class-382 pa t328 l5025 ls1772">on </span><span class="pp-class-382 pa t328 l45193 ls3105">the </span><span class="pp-class-382 pa t328 l45194 ls1194">balance </span><span class="pp-class-382 pa t328 l45195 ls2531">sheet </span><span class="pp-class-382 pa t328 l45196 ls1772">as </span><span class="pp-class-382 pa t328 l45197 ls1099">a </span><span class="pp-class-382 pa t328 l45198 ls3623">lease </span><span class="pp-class-382 pa t328 l45199 ls2149">liability </span><span class="pp-class-382 pa t328 l45200 ls3105">and </span><span class="pp-class-382 pa t328 l45201 ls1099">a </span><span class="pp-class-382 pa t328 l45202 ls2848">right-of-use </span><span class="pp-class-382 pa t328 l45203 ls2531">asset </span><span class="pp-class-382 pa t328 l45204 ls715">that </span><span class="pp-class-382 pa t328 l45205 ls1772">is </span><span class="pp-class-382 pa t328 l45206 ls3184">depreciated </span><span class="pp-class-382 pa t328 l45207 ls650">instead </span><span class="pp-class-382 pa t328 l45208 ls2482">of </span><span class="pp-class-382 pa t30568 l3 ls2132">expensing </span><span class="pp-class-382 pa t30568 l45209 ls3105">the </span><span class="pp-class-382 pa t30568 l45210 ls1974">lease </span><span class="pp-class-382 pa t30568 l29743 ls1150">cost </span><span class="pp-class-382 pa t30568 l45211 ls4343">directly </span><span class="pp-class-382 pa t30568 l45212 ls1772">in </span><span class="pp-class-382 pa t30568 l45213 ls3105">the </span><span class="pp-class-382 pa t30568 l45214 ls2787">income </span><span class="pp-class-382 pa t30568 l45215 ls185">statement.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30583 l3 ls1772">Had </span><span class="pp-class-382 pa t30583 l45216 ls858">the </span><span class="pp-class-382 pa t30583 l45217 ls2486">change </span><span class="pp-class-382 pa t30583 l45218 ls830">not </span><span class="pp-class-382 pa t30583 l45219 ls1323">been </span><span class="pp-class-382 pa t30583 l40594 ls1701">implemented, </span><span class="pp-class-382 pa t30583 l45220 ls1099">the </span><span class="pp-class-382 pa t30583 l45221 ls1080">31 </span><span class="pp-class-382 pa t30583 l45222 ls2694">December </span><span class="pp-class-382 pa t30583 l3386 ls1150">2024 </span><span class="pp-class-382 pa t30583 l45223 ls1316">right-of-use </span><span class="pp-class-382 pa t30583 l45224 ls238">assets </span><span class="pp-class-382 pa t30583 l45225 ls2142">would </span><span class="pp-class-382 pa t30583 l45226 ls185">have </span><span class="pp-class-382 pa t30583 l45227 ls1323">been </span><span class="pp-class-382 pa t30583 l45228 ls302">DKK </span><span class="pp-class-382 pa t30588 l3 ls1323">269m </span><span class="pp-class-382 pa t30588 l45229 ls2486">higher </span><span class="pp-class-382 pa t30588 l45230 ls858">and </span><span class="pp-class-382 pa t30588 l45231 ls1759">lease </span><span class="pp-class-382 pa t30588 l45232 ls1118">liabilities </span><span class="pp-class-382 pa t30588 l45233 ls858">DKK </span><span class="pp-class-382 pa t30588 l45234 ls1323">281m </span><span class="pp-class-382 pa t30588 l45235 ls3190">higher. </span><span class="pp-class-382 pa t30588 l45236 ls2760">Operating </span><span class="pp-class-382 pa t30588 l45237 ls1323">cost </span><span class="pp-class-382 pa t30588 l45238 ls1080">in </span><span class="pp-class-382 pa t30588 l45239 ls1150">2024 </span><span class="pp-class-382 pa t30588 l45240 ls2142">would </span><span class="pp-class-382 pa t30588 l45241 ls185">have </span><span class="pp-class-382 pa t30588 l45242 ls1323">been </span><span class="pp-class-382 pa t30588 l45243 ls646">lower </span><span class="pp-class-382 pa t30588 l45244 ls2784">by </span><span class="pp-class-382 pa t30588 l45245 ls302">DKK </span><span class="pp-class-382 pa t30593 l3 ls1759">155m. </span><span class="pp-class-382 pa t30593 l45246 ls3623">Depreciation </span><span class="pp-class-382 pa t30593 l45247 ls2142">would </span><span class="pp-class-382 pa t30593 l45248 ls1080">be </span><span class="pp-class-382 pa t30593 l45249 ls858">DKK </span><span class="pp-class-382 pa t30593 l45250 ls1323">152m </span><span class="pp-class-382 pa t30593 l45251 ls3190">higher. </span><span class="pp-class-382 pa t30593 l45252 ls1759">Minor </span><span class="pp-class-382 pa t30593 l45253 ls728">impact </span><span class="pp-class-382 pa t30593 l45254 ls103">of </span><span class="pp-class-382 pa t30593 l45255 ls1099">the </span><span class="pp-class-382 pa t30593 l45256 ls2486">change </span><span class="pp-class-382 pa t30593 l45257 ls1148">affects </span><span class="pp-class-382 pa t30593 l35379 ls1974">profit </span><span class="pp-class-382 pa t30593 l45258 ls2842">after </span><span class="pp-class-382 pa t30593 l45259 ls1073">tax, </span><span class="pp-class-382 pa t30593 l45260 ls5069">interest </span><span class="pp-class-382 pa t30606 l3 ls1110">cost, </span><span class="pp-class-382 pa t30606 l45261 ls1974">profit </span><span class="pp-class-382 pa t30606 l45262 ls1080">on </span><span class="pp-class-382 pa t30606 l45263 ls2694">disposal </span><span class="pp-class-382 pa t30606 l45264 ls103">of </span><span class="pp-class-382 pa t30606 l45265 ls1101">non-current </span><span class="pp-class-382 pa t30606 l45266 ls3474">assets, </span><span class="pp-class-382 pa t30606 l45267 ls3435">exchange </span><span class="pp-class-382 pa t30606 l45268 ls3216">rate </span><span class="pp-class-382 pa t30606 l45269 ls819">gain/loss, </span><span class="pp-class-382 pa t30606 l20629 ls1150">prepaid </span><span class="pp-class-382 pa t30606 l45270 ls1323">cost </span><span class="pp-class-382 pa t30606 l45271 ls858">and </span><span class="pp-class-382 pa t30606 l45272 ls296">other </span><span class="pp-class-382 pa t30606 l45273 ls1243">payables.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30622 l3 ls2842">Impact </span><span class="pp-class-383 pa t30622 l45274 ls1080">of </span><span class="pp-class-383 pa t30622 l45275 ls806">amendments </span><span class="pp-class-383 pa t30622 l45276 ls1080">to </span><span class="pp-class-383 pa t30622 l45277 ls8853">IAS </span><span class="pp-class-383 pa t30622 l45278 ls302">1 </span><span class="pp-class-383 pa t30622 l45279 ls858">and </span><span class="pp-class-383 pa t30622 l45280 ls2486">change </span><span class="pp-class-383 pa t30622 l45281 ls1080">in </span><span class="pp-class-383 pa t30622 l45282 ls1323">IFRS </span><span class="pp-class-383 pa t30622 l45283 ls1073">16 </span><span class="pp-class-383 pa t30622 l45284 ls53">accounting </span><span class="pp-class-383 pa t30622 l45285 ls1083">policy</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30628 l3 ls858">The </span><span class="pp-class-382 pa t30628 l16631 ls4299">following </span><span class="pp-class-382 pa t30628 l45286 ls1319">tables </span><span class="pp-class-382 pa t30628 l30624 ls1073">summarise </span><span class="pp-class-382 pa t30628 l45287 ls858">the </span><span class="pp-class-382 pa t30628 l45288 ls728">impact </span><span class="pp-class-382 pa t30628 l45289 ls103">of </span><span class="pp-class-382 pa t30628 l28534 ls858">the </span><span class="pp-class-382 pa t30628 l45290 ls1237">changes </span><span class="pp-class-382 pa t30628 l45291 ls960">requiring </span><span class="pp-class-382 pa t30628 l45292 ls7855">restatement </span><span class="pp-class-382 pa t30628 l45293 ls1080">on </span><span class="pp-class-382 pa t30628 l25406 ls858">the </span><span class="pp-class-382 pa t30628 l45294 ls1243">Group's </span><span class="pp-class-382 pa t30628 l45295 ls2489">consolidated </span><span class="pp-class-382 pa t30634 l3 ls1073">financial </span><span class="pp-class-382 pa t30634 l4513 ls1244">statements.</span></p></div></div><div id="pp-id-5039" xmlns="http://www.w3.org/1999/xhtml"><div class="w45296 h45297 pa t2 l3 wtro4 xx65 tro6 xx66"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t2738 l3">Income </span><span class="pp-class-383 pa t2738 l2752 ls254">statement </span><span class="pp-class-382 pa t2738 l45298 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45299 l45300">Full </span><span class="pp-class-373 pa t45299 l45301 ls68">year </span><span class="pp-class-373 pa t45302 l45303">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45304 l3">DKK </span><span class="pp-class-372 pa t45304 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45304 l45305 ls166">As </span><span class="pp-class-373 pa t45304 l45306 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45307 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45304 l45309">IFRS </span><span class="pp-class-373 pa t45304 l45310 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45304 l45311 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l3 ls93">Ferry </span><span class="pp-class-372 pa t45312 l9449">and </span><span class="pp-class-372 pa t45312 l19142 ls72">other </span><span class="pp-class-372 pa t45312 l42314">ship </span><span class="pp-class-372 pa t45312 l32710 ls110">operation </span><span class="pp-class-372 pa t45312 l42315">and </span><span class="pp-class-372 pa t45312 l42316 ls842">maintenance</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l45313 ls1194">5,485 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l45314">112 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45312 l45315 ls10900">5,597 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l3 ls980">Port </span><span class="pp-class-372 pa t45316 l42320 ls982">terminal </span><span class="pp-class-372 pa t45316 l42321 ls110">operations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l45317 ls214">3,264 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l45318">-1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45316 l45319 ls214">3,263 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l3 ls2142">Transport </span><span class="pp-class-372 pa t45320 l40530 ls96">solutions </span><span class="pp-class-372 pa t45320 l42325">and </span><span class="pp-class-372 pa t45320 l16558 ls897">warehouse </span><span class="pp-class-372 pa t45320 l42326 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l44968 ls10734">6,743 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l45321">33 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45320 l45322 ls15093">6,776 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l3">Cost </span><span class="pp-class-372 pa t45323 l42333 ls287">of </span><span class="pp-class-372 pa t45323 l34502">sales, </span><span class="pp-class-372 pa t45323 l30915 ls671">general </span><span class="pp-class-372 pa t45323 l42334">and </span><span class="pp-class-372 pa t45323 l8839 ls884">administration</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l45324">1,206 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l45325">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45323 l45326">1,206 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45327 l3 ls134">Operating </span><span class="pp-class-373 pa t45327 l42338 ls287">profit </span><span class="pp-class-373 pa t45327 l13972 ls332">before </span><span class="pp-class-373 pa t45327 l42339 ls854">depreciation </span><span class="pp-class-373 pa t45327 l42340">and </span><span class="pp-class-373 pa t45327 l42341 ls90">amortisation </span><span class="pp-class-373 pa t45328 l3 ls225">(EBITDA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45328 l45329 ls1150">5,034 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45328 l45330 ls150">-144 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45328 l45331 ls225">4,890 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l3 ls225">Profit </span><span class="pp-class-372 pa t45332 l2931">on </span><span class="pp-class-372 pa t45332 l42353">disposal </span><span class="pp-class-372 pa t45332 l42354 ls287">of </span><span class="pp-class-372 pa t45332 l42355 ls171">non-current </span><span class="pp-class-372 pa t45332 l42356 ls37">assets, </span><span class="pp-class-372 pa t45332 l42357 ls913">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l45333">111 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l45334">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45332 l45335">113 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l3 ls278">Depreciation </span><span class="pp-class-372 pa t45336 l8535">on </span><span class="pp-class-372 pa t45336 l42361 ls907">tangibles </span><span class="pp-class-372 pa t45336 l42362">and </span><span class="pp-class-372 pa t45336 l42363 ls931">right-of-use </span><span class="pp-class-372 pa t45336 l40470 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l43899 ls858">2,615 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l45337 ls81">-142 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45336 l45338 ls9272">2,473 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l3 ls134">Operating </span><span class="pp-class-373 pa t45339 l42338 ls287">profit </span><span class="pp-class-373 pa t45339 l13972 ls332">before </span><span class="pp-class-373 pa t45339 l42339 ls90">amortisation </span><span class="pp-class-373 pa t45339 l42373 ls2784">(EBITA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l45340 ls274">2,504 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l45341"/><span class="pp-class-373 pa t45339 l45342">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45339 l45343 ls274">2,504 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l3 ls134">Operating </span><span class="pp-class-373 pa t45344 l42338 ls287">profit </span><span class="pp-class-373 pa t45344 l13972">(EBIT)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l45345 ls997">2,326 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l45342">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45344 l45346 ls997">2,326 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l3">Financial </span><span class="pp-class-372 pa t45347 l2916">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l45348">80 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l45325">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45347 l45349">80 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l3">Financial </span><span class="pp-class-372 pa t45350 l2916">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l45351 ls866">753 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l45352 ls180">-14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45350 l45353 ls230">739 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l3 ls287">Profit </span><span class="pp-class-373 pa t45354 l42390 ls332">before </span><span class="pp-class-373 pa t45354 l42391 ls128">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l45355 ls85">1,652 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l45356 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45354 l45357 ls1305">1,667 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l3 ls3102">Tax </span><span class="pp-class-372 pa t45358 l42395">on </span><span class="pp-class-372 pa t45358 l42396 ls124">profit</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l45359 ls180">148 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l45325">0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45358 l45360 ls180">148 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l3 ls287">Profit </span><span class="pp-class-373 pa t45361 l42390 ls175">for </span><span class="pp-class-373 pa t45361 l42400">the </span><span class="pp-class-373 pa t45361 l42401 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l45362 ls274">1,505 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l45356 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45361 l45363 ls274">1,519 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45364 l3 ls39">Attributable </span><span class="pp-class-372 pa t45364 l45365 ls166">to:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l3 ls193">Equity </span><span class="pp-class-372 pa t45366 l3205">holders </span><span class="pp-class-372 pa t45366 l42408 ls287">of </span><span class="pp-class-372 pa t45366 l6798">DFDS </span><span class="pp-class-372 pa t45366 l42291 ls1065">A/S</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l45367 ls1110">1,501 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l45368 ls2835">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45366 l45369 ls1305">1,516 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l3 ls944">Non-controlling </span><span class="pp-class-372 pa t45370 l42412 ls884">interests</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l45371">3 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l45372"/><span class="pp-class-372 pa t45370 l45325">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45370 l45373">3 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l3 ls2459">Total </span><span class="pp-class-373 pa t45374 l29712 ls241">comprehensive </span><span class="pp-class-373 pa t45374 l29018">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l45375 ls997">1,343 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l45356 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45374 l45376 ls1941">1,357 </span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5040" xmlns="http://www.w3.org/1999/xhtml"><div class="w45377 h45378 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">New </span><span class="pp-class-370 pa t21055 l44734 ls128">accounting </span><span class="pp-class-370 pa t21055 l44735">policies </span><span class="pp-class-370 pa t21055 l44736">and </span><span class="pp-class-370 pa t21055 l44737 ls254">disclosures </span><span class="pp-class-371 pa t21055 l45379 ls155">(continued)</span></p></div></div><div id="pp-id-5041" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45380 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls813">Balance </span><span class="pp-class-383 pa t328 l29343 ls907">sheet </span><span class="pp-class-382 pa t328 l45381 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45382 l45383">31 </span><span class="pp-class-373 pa t45382 l45384">December </span><span class="pp-class-373 pa t45385 l44588">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45386 l3">DKK </span><span class="pp-class-372 pa t45386 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45387 ls166">As </span><span class="pp-class-373 pa t45386 l45388 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45389 l45390 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45391">IFRS </span><span class="pp-class-373 pa t45386 l45392 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45393 ls180">IAS </span><span class="pp-class-373 pa t45386 l45394">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45386 l45395 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45396 l3 ls193">Assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l3 ls931">Right-of-use </span><span class="pp-class-372 pa t45397 l42662 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l45398 ls2760">5,826 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l45399">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45397 l45400 ls650">5,600 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l3 ls193">Non-current </span><span class="pp-class-373 pa t45401 l42630 ls842">tangible </span><span class="pp-class-373 pa t45401 l42667 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l45402 ls203">21,543 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45401 l45404 ls650">21,317 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l3 ls2459">Total </span><span class="pp-class-373 pa t45405 l29712 ls193">non-current </span><span class="pp-class-373 pa t45405 l42707 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l45406 ls869">28,918 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45405 l45407 ls1305">28,691 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l3 ls193">Assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l45409 ls858">34,873 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45408 l45410 ls7752">34,647 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45411 l3 ls193">Equity </span><span class="pp-class-373 pa t45411 l42769">and </span><span class="pp-class-373 pa t45411 l17236">liabilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l3 ls193">Retained </span><span class="pp-class-372 pa t45412 l42764">earnings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l45413 ls85">13,105 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l45414 ls2835">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45412 l45415 ls302">13,119 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l3 ls193">Equity </span><span class="pp-class-373 pa t45416 l42769 ls671">attributable </span><span class="pp-class-373 pa t45416 l42770">to </span><span class="pp-class-373 pa t45416 l42771">equity </span><span class="pp-class-373 pa t45416 l42772 ls813">holders </span><span class="pp-class-373 pa t45416 l42773">of </span><span class="pp-class-373 pa t45416 l42774">DFDS </span><span class="pp-class-373 pa t45416 l17626 ls1955">A/S</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l45417 ls1110">13,827 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l45418 ls124">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45416 l45419 ls5558">13,840 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l3 ls1264">Equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l45421 ls869">13,918 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l45418 ls78">14 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45420 l45422 ls1110">13,932 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45423 l42787">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45424 ls214">13,134</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45425">-132</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45426">600</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45423 l45427 ls2970">13,602 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l3 ls180">Deferred </span><span class="pp-class-372 pa t45428 l42688 ls166">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l45429">467</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l45430">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45428 l45431">468 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l3 ls193">Non-current </span><span class="pp-class-373 pa t45432 l42630">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45433 ls31888">13,756 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45434">-131 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45435">600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45432 l45436 ls1264">14,225</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45437 l42787">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45438 ls88">2,336</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45439 ls128">-109 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45440">-600</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45437 l45441 ls688">1,627</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l3 ls128">Current </span><span class="pp-class-373 pa t45442 l42730">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45443 ls1734">7,199 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45444 ls150">-109</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45445">-600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45442 l45446 ls1309">6,491 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l3">Liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l45448 ls2113">20,955 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l45449 ls128">-240 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45447 l45450 ls3539">20,715 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l3 ls193">Equity </span><span class="pp-class-373 pa t45451 l42769">and </span><span class="pp-class-373 pa t45451 l17236">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l45409 ls858">34,873 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l45403">-226 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45451 l45410 ls7752">34,647 </span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5042" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45452 pa t2 l3 wtro4 xx335 tro6 xx336"><div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t328 l3 ls813">Balance </span><span class="pp-class-383 pa t328 l29343 ls907">sheet </span><span class="pp-class-382 pa t328 l45381 ls8853">(extract)</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45382 l45453">1 </span><span class="pp-class-373 pa t45382 l45454 ls1531">January </span><span class="pp-class-373 pa t45385 l45455">2023</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45386 l3">DKK </span><span class="pp-class-372 pa t45386 l2737">million</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45386 l45305 ls166">As </span><span class="pp-class-373 pa t45386 l45306 ls37">reported</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45389 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45386 l45456">IFRS </span><span class="pp-class-373 pa t45386 l45457 ls138">16</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45386 l45311 ls78">Restated</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45396 l3 ls193">Assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l3 ls931">Right-of-use </span><span class="pp-class-372 pa t45397 l42662 ls72">assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l45458 ls858">4,648 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l45459">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45397 l45460 ls1298">4,442</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l3 ls193">Non-current </span><span class="pp-class-373 pa t45401 l42630 ls842">tangible </span><span class="pp-class-373 pa t45401 l42667 ls907">assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l45461 ls332">21,197 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45401 l45463 ls1083">20,991</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l3 ls2459">Total </span><span class="pp-class-373 pa t45405 l29712 ls193">non-current </span><span class="pp-class-373 pa t45405 l42707 ls907">assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l45464 ls182">28,141 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45405 l45465 ls42711">27,935</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l3 ls193">Assets</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l45466 ls1252">34,084 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45408 l45467 ls3477">33,878</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45411 l3 ls193">Equity </span><span class="pp-class-373 pa t45411 l42769">and </span><span class="pp-class-373 pa t45411 l17236">liabilities </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l3 ls193">Retained </span><span class="pp-class-372 pa t45412 l42764">earnings</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l45468">12,133 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l45469">0 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45412 l45470">12,133</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l3 ls193">Equity </span><span class="pp-class-373 pa t45416 l42769 ls671">attributable </span><span class="pp-class-373 pa t45416 l42770">to </span><span class="pp-class-373 pa t45416 l42771">equity </span><span class="pp-class-373 pa t45416 l42772 ls813">holders </span><span class="pp-class-373 pa t45416 l42773">of </span><span class="pp-class-373 pa t45416 l42774">DFDS </span><span class="pp-class-373 pa t45416 l17626 ls1955">A/S</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l45471 ls1305">13,022 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l45342">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45416 l45472 ls53">13,022</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l3 ls1264">Equity</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l45473 ls278">13,135 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l45342">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45420 l45474 ls225">13,135</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45423 l42787">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l45475 ls1257">12,397</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l45476 ls134">-87</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45423 l45477 ls1065">12,310</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l3 ls180">Deferred </span><span class="pp-class-372 pa t45428 l42688 ls166">tax</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l45478">359</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l45469">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45428 l45479">359</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l3 ls193">Non-current </span><span class="pp-class-373 pa t45432 l42630">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l45480 ls278">12,896 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l45481 ls332">-87 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45432 l45482 ls225">12,809</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t45437 l42787">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l45483 ls830">3,137</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l45484">-119 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t45437 l45485 ls3184">3,018</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l3 ls128">Current </span><span class="pp-class-373 pa t45442 l42730">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l45486 ls53">8,053 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l45487">-119</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45442 l45488 ls742">7,933</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l3">Liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l45489 ls2113">20,949 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45447 l45490 ls3152">20,742</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l3 ls193">Equity </span><span class="pp-class-373 pa t45451 l42769">and </span><span class="pp-class-373 pa t45451 l17236">liabilities</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l45466 ls1252">34,084 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l45462">-206 </span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t45451 l45467 ls3477">33,878</span></p></div></div></div></div><div class="pp-class-10" id="pp-id-5043" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45378 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">1.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">New </span><span class="pp-class-370 pa t21055 l44734 ls128">accounting </span><span class="pp-class-370 pa t21055 l44735">policies </span><span class="pp-class-370 pa t21055 l44736">and </span><span class="pp-class-370 pa t21055 l44737 ls254">disclosures </span><span class="pp-class-371 pa t21055 l45379 ls155">(continued)</span></p></div></div><div id="pp-id-5044" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45492 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls254">Statement </span><span class="pp-class-383 pa t328 l10866">of </span><span class="pp-class-383 pa t328 l45493">cash </span><span class="pp-class-383 pa t328 l45494 ls214">flows </span><span class="pp-class-382 pa t328 l45495 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45496 l45300">Full </span><span class="pp-class-373 pa t45496 l45301 ls68">year </span><span class="pp-class-373 pa t45497 l45303">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45498 l3">DKK </span><span class="pp-class-372 pa t45498 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45498 l45305 ls166">As </span><span class="pp-class-373 pa t45498 l45306 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45499 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45498 l45309">IFRS </span><span class="pp-class-373 pa t45498 l45310 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45498 l45311 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45500 l3 ls134">Operating </span><span class="pp-class-373 pa t45500 l42338 ls287">profit </span><span class="pp-class-373 pa t45500 l13972 ls332">before </span><span class="pp-class-373 pa t45500 l42339 ls854">depreciation </span><span class="pp-class-373 pa t45500 l42340">and </span><span class="pp-class-373 pa t45500 l42341 ls90">amortisation </span><span class="pp-class-373 pa t45501 l3 ls225">(EBITDA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45501 l45329 ls1150">5,034 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45501 l45330 ls150">-144 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45501 l45331 ls225">4,890 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l3 ls884">Interest </span><span class="pp-class-372 pa t45502 l14027 ls138">etc., </span><span class="pp-class-372 pa t45502 l29349">paid</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l45503 ls978">-734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l45504">9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45502 l45505 ls16">-725 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t45506 l3 ls1323">Cash </span><span class="pp-class-383 pa t45506 l45507 ls7094">flows </span><span class="pp-class-383 pa t45506 l16515 ls688">from </span><span class="pp-class-383 pa t45506 l45508 ls2784">operating </span><span class="pp-class-383 pa t45506 l45509 ls53">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45506 l45510 ls1257">3,811 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45506 l45511">-135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45506 l45512 ls2796">3,675 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l3 ls241">Free </span><span class="pp-class-373 pa t45513 l43219">cash </span><span class="pp-class-373 pa t45513 l43220 ls103">flows</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l45486 ls85">2,662 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l45511">-135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45513 l45514 ls274">2,526 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l3 ls124">Payment </span><span class="pp-class-372 pa t45515 l8696 ls287">of </span><span class="pp-class-372 pa t45515 l43137">lease </span><span class="pp-class-372 pa t45515 l43262">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l45516">-935 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l45517">135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45515 l45518 ls128">-799 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l3">Cash </span><span class="pp-class-373 pa t45519 l3012 ls214">flows </span><span class="pp-class-373 pa t45519 l43152 ls241">from </span><span class="pp-class-373 pa t45519 l43153 ls2548">financing </span><span class="pp-class-373 pa t45519 l43295 ls193">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l45520 ls278">-3,115 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l45521">135 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45519 l45522 ls225">-2,980 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l3 ls813">Net </span><span class="pp-class-373 pa t45523 l43299">cash </span><span class="pp-class-373 pa t45523 l19674 ls103">flows</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l45524">-454 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l45341"/><span class="pp-class-373 pa t45523 l45342">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45523 l45525">-454 </span></p></td></tr></table></div></div><div id="pp-id-5045" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45526 pa t2 l3 wtro4 xx65 tro6 xx66"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t2738 l3 ls2143">Key </span><span class="pp-class-383 pa t2738 l3076 ls2329">figures </span><span class="pp-class-382 pa t2738 l45527 ls8853">(extract)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45528 l45300">Full </span><span class="pp-class-373 pa t45528 l45301 ls68">year </span><span class="pp-class-373 pa t45529 l45303">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45530 l3">DKK </span><span class="pp-class-372 pa t45530 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45530 l45305 ls166">As </span><span class="pp-class-373 pa t45530 l45306 ls37">reported</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45531 l45308 ls254">Adjustment</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45530 l45309">IFRS </span><span class="pp-class-373 pa t45530 l45310 ls138">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45530 l45311 ls78">Restated</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l3 ls150">Net </span><span class="pp-class-372 pa t45532 l45533 ls225">interest-bearing </span><span class="pp-class-372 pa t45532 l45534 ls150">debt</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l45535 ls1305">14,689 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l45536"/><span class="pp-class-372 pa t45532 l45537 ls302">-241</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45532 l45538 ls1309">14,449 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l3 ls884">Invested </span><span class="pp-class-372 pa t45539 l2993 ls982">capital, </span><span class="pp-class-372 pa t45539 l2994">end </span><span class="pp-class-372 pa t45539 l2995 ls287">of </span><span class="pp-class-372 pa t45539 l2996">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l45540 ls2970">28,996 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l45541"/><span class="pp-class-372 pa t45539 l45542">-226</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45539 l45543 ls3003">28,770 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l3 ls258">ROIC </span><span class="pp-class-372 pa t45544 l8617 ls658">before </span><span class="pp-class-372 pa t45544 l8618 ls37">acquisition </span><span class="pp-class-372 pa t45544 l8619 ls842">intangibles </span><span class="pp-class-372 pa t45544 l45545 ls193">(ROIC </span><span class="pp-class-372 pa t45544 l44024 ls166">BAI), </span><span class="pp-class-372 pa t45544 l45546">%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l45547 ls6100">10.4 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l45548 ls2805">0.1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45544 l45549 ls22674">10.5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l3 ls175">Return </span><span class="pp-class-372 pa t45550 l3141">on </span><span class="pp-class-372 pa t45550 l3142 ls884">invested </span><span class="pp-class-372 pa t45550 l3143 ls96">capital </span><span class="pp-class-372 pa t45550 l3144 ls124">(ROIC), </span><span class="pp-class-372 pa t45550 l45551">%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l45552 ls3149">7.6 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l45553 ls3102">0.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45550 l45554 ls3149">7.6 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l3">Financial </span><span class="pp-class-372 pa t45555 l2916 ls1224">leverage, </span><span class="pp-class-372 pa t45555 l45556">times</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l45557 ls3105">2.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l45553 ls656">0.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45555 l45558 ls3105">2.9 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l3 ls175">Earnings </span><span class="pp-class-372 pa t45559 l3218">per </span><span class="pp-class-372 pa t45559 l3219 ls110">share </span><span class="pp-class-372 pa t45559 l3220 ls93">(EPS), </span><span class="pp-class-372 pa t45559 l45560">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l45561 ls3241">26.64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l45562 ls650">0.25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45559 l45563 ls2955">26.89</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l3 ls90">Diluted </span><span class="pp-class-372 pa t45564 l42428">earnings </span><span class="pp-class-372 pa t45564 l28571">per </span><span class="pp-class-372 pa t45564 l42429 ls110">share </span><span class="pp-class-372 pa t45564 l42430 ls1259">(EPS-D), </span><span class="pp-class-372 pa t45564 l36556">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l45313 ls3435">26.58 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l45562 ls1150">0.25 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45564 l45565 ls2760">26.83 </span></p></td></tr></table></div></div> <div class="pp-class-10" id="pp-id-5046" xmlns="http://www.w3.org/1999/xhtml"><div class="w43369 h44733 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1323">1.3 </span><span class="pp-class-370 pa t21055 l43638 ls502">Significant </span><span class="pp-class-370 pa t21055 l45566 ls128">accounting </span><span class="pp-class-370 pa t21055 l45567 ls860">estimates </span><span class="pp-class-370 pa t21055 l45568">and </span><span class="pp-class-370 pa t21055 l45569 ls982">judgements</span></p></div></div><div class="pp-class-10" id="pp-id-5071" xmlns="http://www.w3.org/1999/xhtml"><div class="w45570 h45571 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t328 l3 ls2486">Significant </span><span class="pp-class-383 pa t328 l45572 ls6360">estimates </span><span class="pp-class-383 pa t328 l45573 ls858">and </span><span class="pp-class-383 pa t328 l45574 ls1319">judgements</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30568 l3 ls1080">In </span><span class="pp-class-382 pa t30568 l43891 ls858">the </span><span class="pp-class-382 pa t30568 l43987 ls3630">preparation </span><span class="pp-class-382 pa t30568 l45575 ls103">of </span><span class="pp-class-382 pa t30568 l45576 ls858">the </span><span class="pp-class-382 pa t30568 l45577 ls2088">consolidated </span><span class="pp-class-382 pa t30568 l45578 ls1073">financial </span><span class="pp-class-382 pa t30568 l45579 ls2854">statements, </span><span class="pp-class-382 pa t30568 l43028 ls53">Management </span><span class="pp-class-382 pa t30568 l45580 ls53">undertakes </span><span class="pp-class-382 pa t30568 l45581 ls2143">several </span><span class="pp-class-382 pa t30568 l45116 ls806">accounting </span><span class="pp-class-382 pa t30575 l3 ls3105">estimates </span><span class="pp-class-382 pa t30575 l45582 ls1099">and </span><span class="pp-class-382 pa t30575 l42498 ls806">judgements </span><span class="pp-class-382 pa t30575 l45583 ls858">and </span><span class="pp-class-382 pa t30575 l45584 ls1244">makes </span><span class="pp-class-382 pa t30575 l45585 ls4275">assumptions </span><span class="pp-class-382 pa t30575 l45586 ls1759">which </span><span class="pp-class-382 pa t30575 l45587 ls2145">provide </span><span class="pp-class-382 pa t30575 l45588 ls1099">the </span><span class="pp-class-382 pa t30575 l45589 ls1759">basis </span><span class="pp-class-382 pa t30575 l45590 ls3278">for </span><span class="pp-class-382 pa t30575 l45591 ls2142">recognition </span><span class="pp-class-382 pa t30575 l45592 ls1099">and </span><span class="pp-class-382 pa t30575 l45593 ls1101">measurement </span><span class="pp-class-382 pa t30583 l3 ls103">of </span><span class="pp-class-382 pa t30583 l29517 ls858">the </span><span class="pp-class-382 pa t30583 l18645 ls3474">assets, </span><span class="pp-class-382 pa t30583 l45594 ls830">liabilities, </span><span class="pp-class-382 pa t30583 l45595 ls185">revenues </span><span class="pp-class-382 pa t30583 l45596 ls858">and </span><span class="pp-class-382 pa t30583 l45597 ls8853">expenses </span><span class="pp-class-382 pa t30583 l45598 ls103">of </span><span class="pp-class-382 pa t30583 l45599 ls858">the </span><span class="pp-class-382 pa t30583 l45600 ls2784">Group </span><span class="pp-class-382 pa t30583 l45601 ls858">and </span><span class="pp-class-382 pa t30583 l45602 ls1099">the </span><span class="pp-class-382 pa t30583 l45603 ls7096">Parent </span><span class="pp-class-382 pa t30583 l45604 ls10900">company. </span><span class="pp-class-382 pa t30583 l45605 ls1759">These </span><span class="pp-class-382 pa t30583 l45606 ls4275">assumptions </span><span class="pp-class-382 pa t30583 l45607 ls2970">are </span><span class="pp-class-382 pa t30588 l3 ls1759">based </span><span class="pp-class-382 pa t30588 l45608 ls1080">on </span><span class="pp-class-382 pa t30588 l45609 ls238">historical </span><span class="pp-class-382 pa t30588 l45610 ls2970">experience </span><span class="pp-class-382 pa t30588 l36459 ls858">and </span><span class="pp-class-382 pa t30588 l31848 ls296">other </span><span class="pp-class-382 pa t30588 l44139 ls2787">factors </span><span class="pp-class-382 pa t30588 l35657 ls1323">such </span><span class="pp-class-382 pa t30588 l45611 ls1080">as </span><span class="pp-class-382 pa t30588 l45612 ls858">the </span><span class="pp-class-382 pa t30588 l45613 ls852">current </span><span class="pp-class-382 pa t30588 l45614 ls2787">state </span><span class="pp-class-382 pa t30588 l45615 ls103">of </span><span class="pp-class-382 pa t30588 l45616 ls858">the </span><span class="pp-class-382 pa t30588 l45617 ls2142">world </span><span class="pp-class-382 pa t30588 l45618 ls2489">economy </span><span class="pp-class-382 pa t30588 l45619 ls858">and </span><span class="pp-class-382 pa t30588 l45620 ls830">climate-</span><span class="pp-class-382 pa t30593 l3 ls3458">related </span><span class="pp-class-382 pa t30593 l45005 ls2688">matters </span><span class="pp-class-382 pa t30593 l45621 ls1759">which </span><span class="pp-class-382 pa t30593 l26566 ls650">are, </span><span class="pp-class-382 pa t30593 l45622 ls2784">by </span><span class="pp-class-382 pa t30593 l34523 ls1759">their </span><span class="pp-class-382 pa t30593 l45623 ls2671">nature, </span><span class="pp-class-382 pa t30593 l45624 ls866">uncertain </span><span class="pp-class-382 pa t30593 l44427 ls1099">and </span><span class="pp-class-382 pa t30593 l45625 ls6007">unpredictable.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30615 l3 ls650">The </span><span class="pp-class-382 pa t30615 l45626 ls3554">assumptions </span><span class="pp-class-382 pa t30615 l45627 ls3190">may </span><span class="pp-class-382 pa t30615 l45628 ls2760">be </span><span class="pp-class-382 pa t30615 l44354 ls3362">incomplete </span><span class="pp-class-382 pa t30615 l45629 ls2760">or </span><span class="pp-class-382 pa t30615 l45630 ls17063">inaccurate </span><span class="pp-class-382 pa t30615 l45631 ls650">and </span><span class="pp-class-382 pa t30615 l45632 ls9827">unanticipated </span><span class="pp-class-382 pa t30615 l45633 ls14077">events </span><span class="pp-class-382 pa t30615 l45634 ls2760">or </span><span class="pp-class-382 pa t30615 l45635 ls6100">circumstances </span><span class="pp-class-382 pa t30615 l45636 ls3190">may </span><span class="pp-class-382 pa t30615 l45637 ls16064">occur, </span><span class="pp-class-382 pa t30615 l45638 ls2944">for </span><span class="pp-class-382 pa t30622 l3 ls3230">which </span><span class="pp-class-382 pa t30622 l45639 ls4343">reason </span><span class="pp-class-382 pa t30622 l45640 ls650">the </span><span class="pp-class-382 pa t30622 l45641 ls7611">actual </span><span class="pp-class-382 pa t30622 l45642 ls5258">results </span><span class="pp-class-382 pa t30622 l34095 ls3190">may </span><span class="pp-class-382 pa t30622 l45643 ls3003">deviate </span><span class="pp-class-382 pa t30622 l45644 ls14385">from </span><span class="pp-class-382 pa t30622 l19322 ls650">the </span><span class="pp-class-382 pa t30622 l45645 ls19370">applied </span><span class="pp-class-382 pa t30622 l45646 ls3190">estimates </span><span class="pp-class-382 pa t30622 l45647 ls650">and </span><span class="pp-class-382 pa t30622 l45648 ls3498">judgements. </span><span class="pp-class-382 pa t30622 l18790 ls2760">In </span><span class="pp-class-382 pa t30622 l45649 ls650">the </span><span class="pp-class-382 pa t30622 l45650 ls19370">opinion </span><span class="pp-class-382 pa t30622 l45651 ls103">of </span><span class="pp-class-382 pa t30628 l3 ls3024">Management, </span><span class="pp-class-382 pa t30628 l45652 ls650">the </span><span class="pp-class-382 pa t30628 l42485 ls7966">following </span><span class="pp-class-382 pa t30628 l45653 ls1722">accounting </span><span class="pp-class-382 pa t30628 l45654 ls3190">estimates </span><span class="pp-class-382 pa t30628 l45655 ls650">and </span><span class="pp-class-382 pa t30628 l45656 ls3310">judgements </span><span class="pp-class-382 pa t30628 l45657 ls3446">are </span><span class="pp-class-382 pa t30628 l45658 ls3498">significant </span><span class="pp-class-382 pa t30628 l45659 ls2760">in </span><span class="pp-class-382 pa t30628 l45660 ls650">the </span><span class="pp-class-382 pa t30628 l45661 ls40937">preparation </span><span class="pp-class-382 pa t30628 l45662 ls2531">of </span><span class="pp-class-382 pa t30628 l45663 ls1772">the </span><span class="pp-class-382 pa t30634 l3 ls15062">Annual </span><span class="pp-class-382 pa t30634 l31055 ls2459">Report:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45664 l3 ls813">Note</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45664 l43638 ls2143">Key </span><span class="pp-class-373 pa t45664 l45665 ls72">accounting </span><span class="pp-class-373 pa t45664 l45666 ls171">estimates </span><span class="pp-class-373 pa t45664 l45667">and </span><span class="pp-class-373 pa t45664 l45668 ls287">judgements</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45664 l45669 ls254">Estimate </span><span class="pp-class-373 pa t45664 l45670">/ </span><span class="pp-class-373 pa t45664 l45671 ls287">Judgement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45664 l45672 ls112">Impact</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45673 l45674 ls650">2.6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45673 l45675 ls31420">Deferred </span><span class="pp-class-372 pa t45673 l45676 ls45">tax </span><span class="pp-class-372 pa t45673 l45677 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45673 l45678 ls43">Estimate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45673 l45679"/><span class="pp-class-372 pa t45673 l45680"/></p><div class="pp-class-9 pp-class-395" id="pp-id-5047" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,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"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5048"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAACXBIWXMAABcRAAAXEQHKJvM/AAAAh0lEQVQYV4XQMQrCQBCF4S9bScDaC6TIEYRcxDPEysvkEJa2tmKvlUUOoLUSEIS12AQsIvvDdD/z3kwRYwRVO+ywxQIfBJz7rtxAEWNUtcMJjXkeqMO46Z8EK+yDFJdjHaROOZZBKp4ljJPjHXDIWbhN77lL183xQjPF1jji+SO8cUHTd+X1C4DdI6ITddgAAAAAAElFTkSuQmCC"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5049" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,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"/></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45681 l45674 ls103">3.1.2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45681 l45675 ls11799">Assessment </span><span class="pp-class-372 pa t45681 l45682 ls287">of </span><span class="pp-class-372 pa t45681 l45683 ls2220">useful </span><span class="pp-class-372 pa t45681 l36062 ls1005">life </span><span class="pp-class-372 pa t45681 l45684">and </span><span class="pp-class-372 pa t45681 l4724 ls1259">residual </span><span class="pp-class-372 pa t45681 l45685 ls16">values</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45681 l45678 ls43">Estimate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45681 l45679"/><span class="pp-class-372 pa t45681 l45680"/></p><div class="pp-class-9 pp-class-395" id="pp-id-5050" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,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"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5051"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAACXBIWXMAABcRAAAXEQHKJvM/AAAAh0lEQVQYV4XQMQrCQBCF4S9bScDaC6TIEYRcxDPEysvkEJa2tmKvlUUOoLUSEIS12AQsIvvDdD/z3kwRYwRVO+ywxQIfBJz7rtxAEWNUtcMJjXkeqMO46Z8EK+yDFJdjHaROOZZBKp4ljJPjHXDIWbhN77lL183xQjPF1jji+SO8cUHTd+X1C4DdI6ITddgAAAAAAElFTkSuQmCC"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5052" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAsAAAALCAYAAACprHcmAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAwUlEQVQYV33RsXHCQBCF4U8KL8EleMYUIHdACSpBqYkoAXfg6OIrgRLowCpAAXSgxKRHcKcxYzP64ze7++9rcs5gu791OGKHDa444zjFcIG2Bgd8Y0Q3xdCgVxjrIM3bx09Xg+9TDKM/1EFfeG2V1Z/PgjDFkJSNQ6vcmJ4FH0joW2wWgRUuFMHrIrBCh7lV3nNYzzrgtAj21fof2/0tYZ5iSE3OeSnkrFgn5cZOmThjN8UwNw8NvmDwW8aMU30duANzc0g8EzGN8gAAAABJRU5ErkJggg=="/></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45686 l45674 ls6007">3.1.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45686 l45675 ls14434">Lease </span><span class="pp-class-372 pa t45686 l45687 ls947">extension </span><span class="pp-class-372 pa t45686 l45688 ls175">options</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45686 l45678 ls90">Estimate/Judgement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45686 l45679"/><span class="pp-class-372 pa t45686 l45680"/></p><div class="pp-class-9 pp-class-395" id="pp-id-5053" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,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"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5054"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAACXBIWXMAABcRAAAXEQHKJvM/AAAAh0lEQVQYV4XQMQrCQBCF4S9bScDaC6TIEYRcxDPEysvkEJa2tmKvlUUOoLUSEIS12AQsIvvDdD/z3kwRYwRVO+ywxQIfBJz7rtxAEWNUtcMJjXkeqMO46Z8EK+yDFJdjHaROOZZBKp4ljJPjHXDIWbhN77lL183xQjPF1jji+SO8cUHTd+X1C4DdI6ITddgAAAAAAElFTkSuQmCC"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5055" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAsAAAALCAYAAACprHcmAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAwUlEQVQYV33RsXHCQBCF4U8KL8EleMYUIHdACSpBqYkoAXfg6OIrgRLowCpAAXSgxKRHcKcxYzP64ze7++9rcs5gu791OGKHDa444zjFcIG2Bgd8Y0Q3xdCgVxjrIM3bx09Xg+9TDKM/1EFfeG2V1Z/PgjDFkJSNQ6vcmJ4FH0joW2wWgRUuFMHrIrBCh7lV3nNYzzrgtAj21fof2/0tYZ5iSE3OeSnkrFgn5cZOmThjN8UwNw8NvmDwW8aMU30duANzc0g8EzGN8gAAAABJRU5ErkJggg=="/></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45689 l45674 ls3377">3.1.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45690 l45675 ls11799">Impairment </span><span class="pp-class-372 pa t45690 l45691 ls96">testing </span><span class="pp-class-372 pa t45690 l45692 ls287">of </span><span class="pp-class-372 pa t45690 l32179">goodwill </span><span class="pp-class-372 pa t45690 l45693">and </span><span class="pp-class-372 pa t45690 l45694 ls171">non-current </span><span class="pp-class-372 pa t45690 l45695 ls37">assets, </span><span class="pp-class-372 pa t45696 l45675 ls3502">definition </span><span class="pp-class-372 pa t45696 l45697 ls287">of </span><span class="pp-class-372 pa t45696 l45698 ls155">CGU’s </span><span class="pp-class-372 pa t45696 l45699">and </span><span class="pp-class-372 pa t45696 l45700 ls287">assessment </span><span class="pp-class-372 pa t45696 l45701">inputs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45689 l45678 ls90">Estimate/Judgement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45689 l45679"/><span class="pp-class-372 pa t45689 l45680"/></p><div class="pp-class-9 pp-class-395" id="pp-id-5056" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,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"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5057"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAACXBIWXMAABcRAAAXEQHKJvM/AAAAh0lEQVQYV4XQMQrCQBCF4S9bScDaC6TIEYRcxDPEysvkEJa2tmKvlUUOoLUSEIS12AQsIvvDdD/z3kwRYwRVO+ywxQIfBJz7rtxAEWNUtcMJjXkeqMO46Z8EK+yDFJdjHaROOZZBKp4ljJPjHXDIWbhN77lL183xQjPF1jji+SO8cUHTd+X1C4DdI6ITddgAAAAAAElFTkSuQmCC"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5058" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAsAAAALCAYAAACprHcmAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAoElEQVQYV43Ruw3CQBBF0eNNkBwRkuMCQCKgE2qwY0oBRwQUQg9QgANEB0hgicRLsEYi4OMbv6uZN5PFGEFRtTNssMAIVxywbur8DFmMUVG1FbY+88CyqfNTNi3vMxy/BN+FSZBG/2OEMkg7DmEVJGsQQWo9hFuQzvOPDruAtdT2F5emzvehP/jyi9DhjDn9U6Co2jFKrPrgDbumzvcv8wl1Vi9zT0g+uwAAAABJRU5ErkJggg=="/></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45702 l45674 ls43192">5.5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45702 l45675 ls14073">Purchase </span><span class="pp-class-372 pa t45702 l45703">price </span><span class="pp-class-372 pa t45702 l45704 ls704">allocation </span><span class="pp-class-372 pa t45702 l45705">in </span><span class="pp-class-372 pa t45702 l4615 ls96">connection </span><span class="pp-class-372 pa t45702 l45706">with </span><span class="pp-class-372 pa t45702 l45707 ls37">acquisitions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45702 l45678 ls90">Estimate/Judgement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45702 l45679"/><span class="pp-class-372 pa t45702 l45680"/></p><div class="pp-class-9 pp-class-395" id="pp-id-5059" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAABYAAAAaCAYAAACzdqxAAAAACXBIWXMAAC4jAAAuIwF4pT92AAABTElEQVRIS7WVvW2DQBiGH59SIcXyAlFcMEA2CJ4gzgQhLU2sLGA2iN1cTTZAmcDZgPQUtrJAREFLCo4/g4HD8EhI3N37vRzw6b1ZkiRMgegSDOXm0oLpxAtgra4FsASOajkA/FAah6ZagNn5p1CGG+AduG0qKnEC7KYHVIxNJ34AfOD+XNjBPpTGpjyRGyvTb2DeUNiHz1AadjYQkL/+F8NNAV5MJ3azQdYVLnDXpNZkazrxEkCom7dWuR4upDtet+u0eYZpjOemE1uCtPHHxhLo92wvJssKAfx0iQZwFBTBMiaBIM2GMTmF0ghEKA0PiLrUGnhQ/LztZZ0Wv8AOqunmA08tRX1YZdlcbjeb6zrktRz4uXEojT/AAvb1mlYi0p165cna0QRgOrFFmlKPtcWCCPgAdmpTFRqNM1SkWtTz5NB2kEKH8TVMlhX/Qy5km9fVYVsAAAAASUVORK5CYII="/></div><div class="pp-class-9 pp-class-395" id="pp-id-5060"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAACXBIWXMAABcRAAAXEQHKJvM/AAAAh0lEQVQYV4XQMQrCQBCF4S9bScDaC6TIEYRcxDPEysvkEJa2tmKvlUUOoLUSEIS12AQsIvvDdD/z3kwRYwRVO+ywxQIfBJz7rtxAEWNUtcMJjXkeqMO46Z8EK+yDFJdjHaROOZZBKp4ljJPjHXDIWbhN77lL183xQjPF1jji+SO8cUHTd+X1C4DdI6ITddgAAAAAAElFTkSuQmCC"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5061" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAsAAAALCAYAAACprHcmAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAoElEQVQYV43Ruw3CQBBF0eNNkBwRkuMCQCKgE2qwY0oBRwQUQg9QgANEB0hgicRLsEYi4OMbv6uZN5PFGEFRtTNssMAIVxywbur8DFmMUVG1FbY+88CyqfNTNi3vMxy/BN+FSZBG/2OEMkg7DmEVJGsQQWo9hFuQzvOPDruAtdT2F5emzvehP/jyi9DhjDn9U6Co2jFKrPrgDbumzvcv8wl1Vi9zT0g+uwAAAABJRU5ErkJggg=="/></div></td></tr><tr><td colspan="4" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t45708 l3">L</span><span class="pp-class-373 pa t45708 l45709 ls3474">evel </span><span class="pp-class-373 pa t45708 l45710">or </span><span class="pp-class-373 pa t45708 l45711 ls96">potential </span><span class="pp-class-373 pa t45708 l45712 ls944">impact </span><span class="pp-class-373 pa t45708 l45713">to </span><span class="pp-class-373 pa t45708 l45714">the </span><span class="pp-class-373 pa t45708 l45715 ls944">consolidated </span><span class="pp-class-373 pa t45708 l45716 ls2548">financial </span><span class="pp-class-373 pa t45708 l45717 ls332">statements:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45718 l45719"/><span class="pp-class-372 pa t45718 l45720"/><span class="pp-class-372 pa t45718 l45721"/><span class="pp-class-372 pa t45718 l45722 ls1955">Low</span></p><div class="pp-class-9 pp-class-395" id="pp-id-5062" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,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"/></div><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45723 l45719"/><span class="pp-class-372 pa t45723 l45720"/><span class="pp-class-372 pa t45723 l45721"/><span class="pp-class-372 pa t45723 l45722">Medium</span></p><div class="pp-class-9 pp-class-395" id="pp-id-5063" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,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"/></div><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t45724 l45719"/><span class="pp-class-372 pa t45724 l45720"/><span class="pp-class-372 pa t45724 l45721"/><span class="pp-class-372 pa t45724 l45722">High</span></p><div class="pp-class-9 pp-class-395" id="pp-id-5064" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,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"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5065"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAACXBIWXMAABcRAAAXEQHKJvM/AAAAh0lEQVQYV4XQMQrCQBCF4S9bScDaC6TIEYRcxDPEysvkEJa2tmKvlUUOoLUSEIS12AQsIvvDdD/z3kwRYwRVO+ywxQIfBJz7rtxAEWNUtcMJjXkeqMO46Z8EK+yDFJdjHaROOZZBKp4ljJPjHXDIWbhN77lL183xQjPF1jji+SO8cUHTd+X1C4DdI6ITddgAAAAAAElFTkSuQmCC"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5066" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAACXBIWXMAABcRAAAXEQHKJvM/AAAAh0lEQVQYV4XQMQrCQBCF4S9bScDaC6TIEYRcxDPEysvkEJa2tmKvlUUOoLUSEIS12AQsIvvDdD/z3kwRYwRVO+ywxQIfBJz7rtxAEWNUtcMJjXkeqMO46Z8EK+yDFJdjHaROOZZBKp4ljJPjHXDIWbhN77lL183xQjPF1jji+SO8cUHTd+X1C4DdI6ITddgAAAAAAElFTkSuQmCC"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5067" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAACXBIWXMAABcRAAAXEQHKJvM/AAAAh0lEQVQYV4XQMQrCQBCF4S9bScDaC6TIEYRcxDPEysvkEJa2tmKvlUUOoLUSEIS12AQsIvvDdD/z3kwRYwRVO+ywxQIfBJz7rtxAEWNUtcMJjXkeqMO46Z8EK+yDFJdjHaROOZZBKp4ljJPjHXDIWbhN77lL183xQjPF1jji+SO8cUHTd+X1C4DdI6ITddgAAAAAAElFTkSuQmCC"/></div><div class="pp-class-9 pp-class-395" id="pp-id-5068" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAsAAAALCAYAAACprHcmAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAwUlEQVQYV33RsXHCQBCF4U8KL8EleMYUIHdACSpBqYkoAXfg6OIrgRLowCpAAXSgxKRHcKcxYzP64ze7++9rcs5gu791OGKHDa444zjFcIG2Bgd8Y0Q3xdCgVxjrIM3bx09Xg+9TDKM/1EFfeG2V1Z/PgjDFkJSNQ6vcmJ4FH0joW2wWgRUuFMHrIrBCh7lV3nNYzzrgtAj21fof2/0tYZ5iSE3OeSnkrFgn5cZOmThjN8UwNw8NvmDwW8aMU30duANzc0g8EzGN8gAAAABJRU5ErkJggg=="/></div><div class="pp-class-9 pp-class-395" id="pp-id-5069" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAsAAAALCAYAAACprHcmAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAoElEQVQYV43Ruw3CQBBF0eNNkBwRkuMCQCKgE2qwY0oBRwQUQg9QgANEB0hgicRLsEYi4OMbv6uZN5PFGEFRtTNssMAIVxywbur8DFmMUVG1FbY+88CyqfNTNi3vMxy/BN+FSZBG/2OEMkg7DmEVJGsQQWo9hFuQzvOPDruAtdT2F5emzvehP/jyi9DhjDn9U6Co2jFKrPrgDbumzvcv8wl1Vi9zT0g+uwAAAABJRU5ErkJggg=="/></div><div class="pp-class-9 pp-class-395" id="pp-id-5070" xmlns="http://www.w3.org/1999/xhtml"><img alt="" class="pp-class-393 pp-class-394" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAsAAAALCAYAAACprHcmAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAwUlEQVQYV33RsXHCQBCF4U8KL8EleMYUIHdACSpBqYkoAXfg6OIrgRLowCpAAXSgxKRHcKcxYzP64ze7++9rcs5gu791OGKHDa444zjFcIG2Bgd8Y0Q3xdCgVxjrIM3bx09Xg+9TDKM/1EFfeG2V1Z/PgjDFkJSNQ6vcmJ4FH0joW2wWgRUuFMHrIrBCh7lV3nNYzzrgtAj21fof2/0tYZ5iSE3OeSnkrFgn5cZOmThjN8UwNw8NvmDwW8aMU30duANzc0g8EzGN8gAAAABJRU5ErkJggg=="/></div></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45725 l3 ls3623 wtro3159 wtr1724 tro3160 tr1725">Descriptions </span><span class="pp-class-382 pa t45725 l45726 ls1073 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t45725 l45727 ls4275 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t45725 l45728 ls1148 wtro3159 wtr1724 tro3160 tr1725">significant </span><span class="pp-class-382 pa t45725 l45729 ls4305 wtro3159 wtr1724 tro3160 tr1725">accounting </span><span class="pp-class-382 pa t45725 l45730 ls4279 wtro3159 wtr1724 tro3160 tr1725">estimates </span><span class="pp-class-382 pa t45725 l45731 ls4275 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t45725 l45732 ls2127 wtro3159 wtr1724 tro3160 tr1725">judgements </span><span class="pp-class-382 pa t45725 l45733 ls4652 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t45725 l45734 ls1868 wtro3159 wtr1724 tro3160 tr1725">included </span><span class="pp-class-382 pa t45725 l45735 ls1941 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t45725 l45736 ls4275 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t45725 l45737 ls2787 wtro3159 wtr1724 tro3160 tr1725">notes </span><span class="pp-class-382 pa t45725 l45738 ls53 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t45725 l45739 ls3477 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t45725 l45740 ls800 wtro3159 wtr1724 tro3160 tr1725">they </span><span class="pp-class-382 pa t45725 l45741 ls3362 wtro3159 wtr1724 tro3160 tr1725">relate.</span></p></div></div><span class="pp-class-386 pa t48449 l48451 ls1118" xmlns="http://www.w3.org/1999/xhtml">Significant </span><span class="pp-class-386 pa t48449 l48452 ls803" xmlns="http://www.w3.org/1999/xhtml">accounting </span><span class="pp-class-386 pa t48449 l48453 ls1974" xmlns="http://www.w3.org/1999/xhtml">estimates</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t48454 l3 ls1955">Deferred </span><span class="pp-class-382 pa t48454 l48455 ls43">tax </span><span class="pp-class-382 pa t48454 l36255 ls241">assets, </span><span class="pp-class-382 pa t48454 l48456 ls171">including </span><span class="pp-class-382 pa t48454 l30293 ls704">the </span><span class="pp-class-382 pa t48454 l48457 ls43">tax </span><span class="pp-class-382 pa t48454 l48458 ls2835">value </span><span class="pp-class-382 pa t48454 l48459 ls166">of </span><span class="pp-class-382 pa t48454 l48460 ls43">tax </span><span class="pp-class-382 pa t48454 l48461 ls166">losses </span><span class="pp-class-382 pa t48454 l44509 ls150">carried </span><span class="pp-class-382 pa t48454 l48462 ls5558">forward, </span><span class="pp-class-382 pa t48454 l48463 ls1323">are </span><span class="pp-class-382 pa t48454 l18788 ls39">recognised </span><span class="pp-class-382 pa t48454 l48464 ls78">to </span><span class="pp-class-382 pa t48454 l48465 ls175">the </span><span class="pp-class-382 pa t48466 l3 ls5558">extent </span><span class="pp-class-382 pa t48466 l48467 ls302">that </span><span class="pp-class-382 pa t48466 l48468 ls78">Management </span><span class="pp-class-382 pa t48466 l48469 ls150">assesses </span><span class="pp-class-382 pa t48466 l48470 ls302">that </span><span class="pp-class-382 pa t48466 l48471 ls704">the </span><span class="pp-class-382 pa t48466 l10857 ls43">tax </span><span class="pp-class-382 pa t48466 l48472 ls854">asset </span><span class="pp-class-382 pa t48466 l18769 ls704">can </span><span class="pp-class-382 pa t48466 l48473 ls193">be </span><span class="pp-class-382 pa t48466 l48474 ls150">utilised </span><span class="pp-class-382 pa t48466 l48475 ls302">through </span><span class="pp-class-382 pa t48466 l48476 ls884">positive </span><span class="pp-class-382 pa t48466 l48477 ls658">taxable </span><span class="pp-class-382 pa t48478 l3 ls166">income </span><span class="pp-class-382 pa t48478 l39116 ls193">in </span><span class="pp-class-382 pa t48478 l48479 ls1264">the </span><span class="pp-class-382 pa t48478 l22258 ls281">foreseeable </span><span class="pp-class-382 pa t48478 l48480 ls274">future </span><span class="pp-class-382 pa t48478 l48481 ls166">which </span><span class="pp-class-382 pa t48478 l48482 ls155">usually </span><span class="pp-class-382 pa t48478 l48483 ls193">is </span><span class="pp-class-382 pa t48478 l48484 ls166">within </span><span class="pp-class-382 pa t48478 l48485 ls175">3-5 </span><span class="pp-class-382 pa t48478 l48486 ls110">years. </span><span class="pp-class-382 pa t48478 l48487 ls16">Estimates </span><span class="pp-class-382 pa t48478 l48488 ls1323">are </span><span class="pp-class-382 pa t48478 l48489 ls254">performed </span><span class="pp-class-382 pa t48490 l3 ls2835">annually </span><span class="pp-class-382 pa t48490 l48491 ls166">based </span><span class="pp-class-382 pa t48490 l7982 ls193">on </span><span class="pp-class-382 pa t48490 l4654 ls246">forecasts, </span><span class="pp-class-382 pa t48490 l48492 ls150">business </span><span class="pp-class-382 pa t48490 l48493 ls68">initiatives </span><span class="pp-class-382 pa t48490 l48494 ls704">and </span><span class="pp-class-382 pa t48490 l48495 ls1271">likely </span><span class="pp-class-382 pa t48490 l48496 ls198">structural </span><span class="pp-class-382 pa t48490 l48497 ls150">changes </span><span class="pp-class-382 pa t48490 l48498 ls180">for </span><span class="pp-class-382 pa t48490 l48499 ls704">the </span><span class="pp-class-382 pa t48490 l48500 ls166">coming </span><span class="pp-class-382 pa t48490 l48501 ls203">years.</span></p><span class="pp-class-386 pa t48449 l49488 ls878" xmlns="http://www.w3.org/1999/xhtml">Significant </span><span class="pp-class-386 pa t48449 l49489 ls193" xmlns="http://www.w3.org/1999/xhtml">accounting </span><span class="pp-class-386 pa t48449 l49490 ls854" xmlns="http://www.w3.org/1999/xhtml">estimates</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49491 l3 ls1701">Assessment </span><span class="pp-class-383 pa t49491 l11878 ls1080">of </span><span class="pp-class-383 pa t49491 l49492 ls2486">useful </span><span class="pp-class-383 pa t49491 l49493 ls1237">life </span><span class="pp-class-383 pa t49491 l6870 ls858">and </span><span class="pp-class-383 pa t49491 l49494 ls53">residual </span><span class="pp-class-383 pa t49491 l46637 ls3477">values </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49495 l3 ls688">Estimation </span><span class="pp-class-382 pa t49495 l40233 ls103">of </span><span class="pp-class-382 pa t49495 l49496 ls1941">useful </span><span class="pp-class-382 pa t49495 l49497 ls2142">lives </span><span class="pp-class-382 pa t49495 l49498 ls1080">is </span><span class="pp-class-382 pa t49495 l13099 ls1759">based </span><span class="pp-class-382 pa t49495 l49499 ls1080">on </span><span class="pp-class-382 pa t49495 l49071 ls2127">experience. </span><span class="pp-class-382 pa t49495 l49500 ls1323">When </span><span class="pp-class-382 pa t49495 l49501 ls2784">there </span><span class="pp-class-382 pa t49495 l49502 ls1080">is </span><span class="pp-class-382 pa t49495 l49503 ls1080">an </span><span class="pp-class-382 pa t49495 l49504 ls688">indication </span><span class="pp-class-382 pa t49495 l49505 ls103">of </span><span class="pp-class-382 pa t49495 l49506 ls302">a </span><span class="pp-class-382 pa t49495 l49507 ls2486">change </span><span class="pp-class-382 pa t49495 l49508 ls1080">in </span><span class="pp-class-382 pa t49495 l49509 ls278">an </span><span class="pp-class-382 pa t49510 l3 ls1101">asset’s </span><span class="pp-class-382 pa t49510 l49511 ls1941">useful </span><span class="pp-class-382 pa t49510 l49512 ls2854">life, </span><span class="pp-class-382 pa t49510 l49513 ls53">Management </span><span class="pp-class-382 pa t49510 l49514 ls2145">revises </span><span class="pp-class-382 pa t49510 l49515 ls858">the </span><span class="pp-class-382 pa t49510 l49516 ls3105">estimates </span><span class="pp-class-382 pa t49510 l49517 ls3278">for </span><span class="pp-class-382 pa t49510 l49518 ls819">individual </span><span class="pp-class-382 pa t49510 l49519 ls238">assets </span><span class="pp-class-382 pa t49510 l49520 ls1080">or </span><span class="pp-class-382 pa t49510 l49521 ls1083">groups </span><span class="pp-class-382 pa t49510 l49522 ls103">of </span><span class="pp-class-382 pa t49510 l49523 ls238">assets </span><span class="pp-class-382 pa t49510 l49524 ls1955">with </span><span class="pp-class-382 pa t49525 l3 ls1237">similar </span><span class="pp-class-382 pa t49525 l49526 ls852">characteristics </span><span class="pp-class-382 pa t49525 l49527 ls858">due </span><span class="pp-class-382 pa t49525 l34053 ls1759">to </span><span class="pp-class-382 pa t49525 l49528 ls2787">factors </span><span class="pp-class-382 pa t49525 l49529 ls1323">such </span><span class="pp-class-382 pa t49525 l49530 ls1080">as </span><span class="pp-class-382 pa t49525 l49531 ls1237">quality </span><span class="pp-class-382 pa t49525 l49532 ls103">of </span><span class="pp-class-382 pa t49525 l49533 ls1701">maintenance </span><span class="pp-class-382 pa t49525 l49534 ls858">and </span><span class="pp-class-382 pa t49525 l45317 ls17063">repair, </span><span class="pp-class-382 pa t49525 l37219 ls1077">technical </span><span class="pp-class-382 pa t49535 l3 ls2854">development, </span><span class="pp-class-382 pa t49535 l49536 ls1080">or </span><span class="pp-class-382 pa t49535 l49537 ls1974">environmental </span><span class="pp-class-382 pa t49535 l49538 ls1974">requirements. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49539 l3 ls9967 wtro3159 wtr1724 tro3160 tr1725">Management </span><span class="pp-class-382 pa t49539 l49540 ls3105 wtro3159 wtr1724 tro3160 tr1725">has </span><span class="pp-class-382 pa t49539 l49541 ls1150 wtro3159 wtr1724 tro3160 tr1725">also </span><span class="pp-class-382 pa t49539 l49542 ls2955 wtro3159 wtr1724 tro3160 tr1725">considered </span><span class="pp-class-382 pa t49539 l49543 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t49539 l49544 ls2459 wtro3159 wtr1724 tro3160 tr1725">impact </span><span class="pp-class-382 pa t49539 l49470 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t49539 l49545 ls7752 wtro3159 wtr1724 tro3160 tr1725">decarbonisation </span><span class="pp-class-382 pa t49539 l49546 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t49539 l49547 ls1535 wtro3159 wtr1724 tro3160 tr1725">climate-related </span><span class="pp-class-382 pa t49539 l49548 ls7858 wtro3159 wtr1724 tro3160 tr1725">risks </span><span class="pp-class-382 pa t49539 l49549 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t49539 l49550 ls4305 wtro3159 wtr1724 tro3160 tr1725">useful </span><span class="pp-class-382 pa t49539 l49551 ls4305 wtro3159 wtr1724 tro3160 tr1725">lives </span><span class="pp-class-382 pa t49552 l3 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t49552 l49553 ls4652 wtro3159 wtr1724 tro3160 tr1725">existing </span><span class="pp-class-382 pa t49552 l49554 ls800 wtro3159 wtr1724 tro3160 tr1725">assets. </span><span class="pp-class-382 pa t49552 l8852 ls1150 wtro3159 wtr1724 tro3160 tr1725">Such </span><span class="pp-class-382 pa t49552 l49555 ls7858 wtro3159 wtr1724 tro3160 tr1725">risks </span><span class="pp-class-382 pa t49552 l49556 ls7855 wtro3159 wtr1724 tro3160 tr1725">include </span><span class="pp-class-382 pa t49552 l49557 ls185 wtro3159 wtr1724 tro3160 tr1725">new </span><span class="pp-class-382 pa t49552 l49558 ls1535 wtro3159 wtr1724 tro3160 tr1725">climate-related </span><span class="pp-class-382 pa t49552 l49559 ls7752 wtro3159 wtr1724 tro3160 tr1725">legislation </span><span class="pp-class-382 pa t49552 l49560 ls2143 wtro3159 wtr1724 tro3160 tr1725">restricting </span><span class="pp-class-382 pa t49552 l49561 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t49552 l49562 ls3105 wtro3159 wtr1724 tro3160 tr1725">use </span><span class="pp-class-382 pa t49552 l49563 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t49552 l49564 ls1148 wtro3159 wtr1724 tro3160 tr1725">certain </span><span class="pp-class-382 pa t49552 l49565 ls1148 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t49566 l3 ls124 wtro3159 wtr1724 tro3160 tr1725">new </span><span class="pp-class-382 pa t49566 l49567 ls907 wtro3159 wtr1724 tro3160 tr1725">technology </span><span class="pp-class-382 pa t49566 l49568 wtro3159 wtr1724 tro3160 tr1725">demanded </span><span class="pp-class-382 pa t49566 l42133 ls1955 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t49566 l49569 ls671 wtro3159 wtr1724 tro3160 tr1725">climate-related </span><span class="pp-class-382 pa t49566 l49570 ls193 wtro3159 wtr1724 tro3160 tr1725">legislation, </span><span class="pp-class-382 pa t49566 l49571 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t49566 l49572 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t49566 l49573 ls1259 wtro3159 wtr1724 tro3160 tr1725">increase </span><span class="pp-class-382 pa t49566 l49574 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t49566 l49575 ls155 wtro3159 wtr1724 tro3160 tr1725">restoration </span><span class="pp-class-382 pa t49566 l49576 ls12 wtro3159 wtr1724 tro3160 tr1725">costs </span><span class="pp-class-382 pa t49566 l48385 ls43 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t49577 l3 ls4279 wtro3159 wtr1724 tro3160 tr1725">terminal </span><span class="pp-class-382 pa t49577 l49578 ls2760 wtro3159 wtr1724 tro3160 tr1725">sites </span><span class="pp-class-382 pa t49577 l49579 ls3105 wtro3159 wtr1724 tro3160 tr1725">due </span><span class="pp-class-382 pa t49577 l49580 ls2854 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t49577 l49581 ls2787 wtro3159 wtr1724 tro3160 tr1725">change </span><span class="pp-class-382 pa t49577 l49582 ls1772 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t49577 l49583 ls7752 wtro3159 wtr1724 tro3160 tr1725">legislation. </span><span class="pp-class-382 pa t49577 l49584 ls2760 wtro3159 wtr1724 tro3160 tr1725">Residual </span><span class="pp-class-382 pa t49577 l49585 ls2769 wtro3159 wtr1724 tro3160 tr1725">values </span><span class="pp-class-382 pa t49577 l49586 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t49577 l49587 ls7096 wtro3159 wtr1724 tro3160 tr1725">ferries </span><span class="pp-class-382 pa t49577 l49588 ls3184 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t49577 l49589 ls7858 wtro3159 wtr1724 tro3160 tr1725">estimated </span><span class="pp-class-382 pa t49577 l49590 ls1974 wtro3159 wtr1724 tro3160 tr1725">based </span><span class="pp-class-382 pa t49577 l49591 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t49577 l49592 ls2760 wtro3159 wtr1724 tro3160 tr1725">steel </span><span class="pp-class-382 pa t49577 l49593 ls2787 wtro3159 wtr1724 tro3160 tr1725">prices.</span></p><span class="pp-class-386 pa t48449 l49488 ls878" xmlns="http://www.w3.org/1999/xhtml">Significant </span><span class="pp-class-386 pa t48449 l49489 ls193" xmlns="http://www.w3.org/1999/xhtml">accounting </span><span class="pp-class-386 pa t48449 l49490 ls241" xmlns="http://www.w3.org/1999/xhtml">estimates </span><span class="pp-class-386 pa t48449 l50868" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-386 pa t48449 l50869 ls287" xmlns="http://www.w3.org/1999/xhtml">judgements</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49491 l3 ls1073">Extension </span><span class="pp-class-383 pa t49491 l50870 ls1073">options</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49495 l3 ls858">The </span><span class="pp-class-382 pa t49495 l16631 ls2784">Group </span><span class="pp-class-382 pa t49495 l4002 ls858">has </span><span class="pp-class-382 pa t49495 l44886 ls4305">entered </span><span class="pp-class-382 pa t49495 l34354 ls3474">into </span><span class="pp-class-382 pa t49495 l50871 ls1759">lease </span><span class="pp-class-382 pa t49495 l50872 ls6007">agreements </span><span class="pp-class-382 pa t49495 l50873 ls3278">for </span><span class="pp-class-382 pa t49495 l50874 ls2489">ferries </span><span class="pp-class-382 pa t49495 l50875 ls1323">with </span><span class="pp-class-382 pa t49495 l50876 ls2127">extension </span><span class="pp-class-382 pa t49495 l50877 ls1271">options. </span><span class="pp-class-382 pa t49495 l41574 ls806">Management </span><span class="pp-class-382 pa t49510 l3 ls2848">exercises </span><span class="pp-class-382 pa t49510 l15721 ls806">significant </span><span class="pp-class-382 pa t49510 l50878 ls1319">judgement </span><span class="pp-class-382 pa t49510 l50879 ls1080">in </span><span class="pp-class-382 pa t49510 l50880 ls2489">determining </span><span class="pp-class-382 pa t49510 l50881 ls3474">whether </span><span class="pp-class-382 pa t49510 l50882 ls1759">these </span><span class="pp-class-382 pa t49510 l50883 ls2127">extension </span><span class="pp-class-382 pa t49510 l50884 ls3474">options </span><span class="pp-class-382 pa t49510 l50885 ls800">are </span><span class="pp-class-382 pa t49510 l50886 ls2531">reasonably </span><span class="pp-class-382 pa t49525 l3 ls99">certain </span><span class="pp-class-382 pa t49525 l49967 ls1759">to </span><span class="pp-class-382 pa t49525 l50887 ls1080">be </span><span class="pp-class-382 pa t49525 l50888 ls2848">exercised </span><span class="pp-class-382 pa t49525 l50889 ls1323">and, </span><span class="pp-class-382 pa t49525 l50890 ls1080">in </span><span class="pp-class-382 pa t49525 l36444 ls6360">that </span><span class="pp-class-382 pa t49525 l50891 ls4275">connection, </span><span class="pp-class-382 pa t49525 l50892 ls1073">considers </span><span class="pp-class-382 pa t49525 l50893 ls858">all </span><span class="pp-class-382 pa t49525 l19110 ls2132">relevant </span><span class="pp-class-382 pa t49525 l50894 ls2787">factors </span><span class="pp-class-382 pa t49525 l50895 ls6360">that </span><span class="pp-class-382 pa t49525 l43033 ls1864">create </span><span class="pp-class-382 pa t49525 l50896 ls278">an </span><span class="pp-class-382 pa t49535 l3 ls2694">economic </span><span class="pp-class-382 pa t49535 l50897 ls858">and </span><span class="pp-class-382 pa t49535 l50898 ls3377">strategic </span><span class="pp-class-382 pa t49535 l50899 ls803">incentive </span><span class="pp-class-382 pa t49535 l44309 ls3278">for </span><span class="pp-class-382 pa t49535 l50900 ls1080">it </span><span class="pp-class-382 pa t49535 l44879 ls1759">to </span><span class="pp-class-382 pa t49535 l50901 ls19370">exercise </span><span class="pp-class-382 pa t49535 l50902 ls858">the </span><span class="pp-class-382 pa t49535 l50903 ls2127">extension </span><span class="pp-class-382 pa t49535 l50904 ls238">option.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49539 l3 ls53">Management </span><span class="pp-class-382 pa t49539 l3968 ls858">has </span><span class="pp-class-382 pa t49539 l49944 ls1323">also </span><span class="pp-class-382 pa t49539 l49945 ls2970">considered </span><span class="pp-class-382 pa t49539 l49946 ls858">the </span><span class="pp-class-382 pa t49539 l49947 ls728">impact </span><span class="pp-class-382 pa t49539 l49948 ls103">of </span><span class="pp-class-382 pa t49539 l49949 ls2842">decarbonisation </span><span class="pp-class-382 pa t49539 l49950 ls1099">and </span><span class="pp-class-382 pa t49539 l49951 ls1150">climate-related </span><span class="pp-class-382 pa t49539 l49952 ls2970">risks </span><span class="pp-class-382 pa t49539 l49953 ls278">on </span><span class="pp-class-382 pa t49552 l3 ls1073">assessing </span><span class="pp-class-382 pa t49552 l50905 ls858">the </span><span class="pp-class-382 pa t49552 l50906 ls728">likelihood </span><span class="pp-class-382 pa t49552 l50907 ls103">of </span><span class="pp-class-382 pa t49552 l50908 ls2127">extending </span><span class="pp-class-382 pa t49552 l50909 ls1759">lease </span><span class="pp-class-382 pa t49552 l50910 ls852">agreements. </span><span class="pp-class-382 pa t49552 l50911 ls1323">Such </span><span class="pp-class-382 pa t49552 l50912 ls2970">risks </span><span class="pp-class-382 pa t49552 l50913 ls296">include </span><span class="pp-class-382 pa t49552 l50914 ls1150">new </span><span class="pp-class-382 pa t49552 l50915 ls6360">climate-related </span><span class="pp-class-382 pa t49566 l3 ls688">legislation </span><span class="pp-class-382 pa t49566 l37271 ls4299">restricting </span><span class="pp-class-382 pa t49566 l50916 ls858">the </span><span class="pp-class-382 pa t49566 l18601 ls858">use </span><span class="pp-class-382 pa t49566 l50917 ls103">of </span><span class="pp-class-382 pa t49566 l50918 ls99">certain </span><span class="pp-class-382 pa t49566 l31346 ls238">assets </span><span class="pp-class-382 pa t49566 l50919 ls1099">and </span><span class="pp-class-382 pa t49566 l50920 ls1150">new </span><span class="pp-class-382 pa t49566 l50026 ls238">technology </span><span class="pp-class-382 pa t49566 l50921 ls2694">demanded </span><span class="pp-class-382 pa t49566 l50922 ls2784">by </span><span class="pp-class-382 pa t49566 l50923 ls6360">climate-related </span><span class="pp-class-382 pa t49577 l3 ls688">legislation.</span></p><div class="pp-class-364 pp-class-395" id="pp-id-5203" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h52588 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-387 pa t48448 l3">!</span><span class="pp-class-386 pa t48449 l49487"/><span class="pp-class-386 pa t48449 l49488 ls878">Significant </span><span class="pp-class-386 pa t48449 l49489 ls193">accounting </span><span class="pp-class-386 pa t48449 l49490 ls241">estimates </span><span class="pp-class-386 pa t48449 l50868">and </span><span class="pp-class-386 pa t48449 l50869 ls287">judgements</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t49491 l3 ls8853">Climate </span><span class="pp-class-383 pa t49491 l44031 ls7094">related </span><span class="pp-class-383 pa t49491 l37200 ls2531">matters</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49495 l3 ls53 wtro3159 wtr1062 tro3160 tr1063">Management </span><span class="pp-class-382 pa t49495 l52589 ls1148 wtro3159 wtr1062 tro3160 tr1063">continuously </span><span class="pp-class-382 pa t49495 l52590 ls296 wtro3159 wtr1062 tro3160 tr1063">monitors </span><span class="pp-class-382 pa t49495 l52591 ls2970 wtro3159 wtr1062 tro3160 tr1063">climate </span><span class="pp-class-382 pa t49495 l52592 ls3458 wtro3159 wtr1062 tro3160 tr1063">related </span><span class="pp-class-382 pa t49495 l52593 ls2970 wtro3159 wtr1062 tro3160 tr1063">risks </span><span class="pp-class-382 pa t49495 l52594 ls1323 wtro3159 wtr1062 tro3160 tr1063">when </span><span class="pp-class-382 pa t49495 l52595 ls1073 wtro3159 wtr1062 tro3160 tr1063">measuring </span><span class="pp-class-382 pa t49495 l52596 ls1099 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t49495 l52597 ls2143 wtro3159 wtr1062 tro3160 tr1063">recoverable </span><span class="pp-class-382 pa t49495 l52598 ls103 wtro3159 wtr1062 tro3160 tr1063">amount. </span><span class="pp-class-382 pa t49510 l3 ls1759 wtro3159 wtr1062 tro3160 tr1063">While </span><span class="pp-class-382 pa t49510 l52599 ls1759 wtro3159 wtr1062 tro3160 tr1063">DFDS' </span><span class="pp-class-382 pa t49510 l52600 ls4305 wtro3159 wtr1062 tro3160 tr1063">operations </span><span class="pp-class-382 pa t49510 l38967 ls800 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t49510 l52601 ls830 wtro3159 wtr1062 tro3160 tr1063">not </span><span class="pp-class-382 pa t49510 l52602 ls715 wtro3159 wtr1062 tro3160 tr1063">currently </span><span class="pp-class-382 pa t49510 l52603 ls1150 wtro3159 wtr1062 tro3160 tr1063">exposed </span><span class="pp-class-382 pa t49510 l52604 ls1759 wtro3159 wtr1062 tro3160 tr1063">to </span><span class="pp-class-382 pa t49510 l52605 ls806 wtro3159 wtr1062 tro3160 tr1063">significant </span><span class="pp-class-382 pa t49510 l52606 ls728 wtro3159 wtr1062 tro3160 tr1063">physical </span><span class="pp-class-382 pa t49510 l52607 ls1759 wtro3159 wtr1062 tro3160 tr1063">risk, </span><span class="pp-class-382 pa t49510 l52608 ls1099 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t49510 l52609 ls869 wtro3159 wtr1062 tro3160 tr1063">value-in-use </span><span class="pp-class-382 pa t49510 l52610 ls2944 wtro3159 wtr1062 tro3160 tr1063">may </span><span class="pp-class-382 pa t49510 l52611 ls278 wtro3159 wtr1062 tro3160 tr1063">be </span><span class="pp-class-382 pa t49525 l3 ls2142 wtro3159 wtr1062 tro3160 tr1063">impacted </span><span class="pp-class-382 pa t49525 l52612 ls2784 wtro3159 wtr1062 tro3160 tr1063">by </span><span class="pp-class-382 pa t49525 l52613 ls2970 wtro3159 wtr1062 tro3160 tr1063">transition </span><span class="pp-class-382 pa t49525 l52614 ls1759 wtro3159 wtr1062 tro3160 tr1063">risk, </span><span class="pp-class-382 pa t49525 l52615 ls1323 wtro3159 wtr1062 tro3160 tr1063">such </span><span class="pp-class-382 pa t49525 l52616 ls1080 wtro3159 wtr1062 tro3160 tr1063">as </span><span class="pp-class-382 pa t49525 l52617 ls2113 wtro3159 wtr1062 tro3160 tr1063">legislation, </span><span class="pp-class-382 pa t49525 l52618 ls3623 wtro3159 wtr1062 tro3160 tr1063">regulations, </span><span class="pp-class-382 pa t49525 l52619 ls1099 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t49525 l52620 ls1237 wtro3159 wtr1062 tro3160 tr1063">changes </span><span class="pp-class-382 pa t49525 l52621 ls1080 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t49525 l52622 ls2486 wtro3159 wtr1062 tro3160 tr1063">demand </span><span class="pp-class-382 pa t49525 l52623 ls3278 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t49525 l52624 ls1099 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t49525 l52625 ls1150 wtro3159 wtr1062 tro3160 tr1063">Group's </span><span class="pp-class-382 pa t49535 l3 ls99 wtro3159 wtr1062 tro3160 tr1063">services. </span><span class="pp-class-382 pa t49535 l52626 ls2970 wtro3159 wtr1062 tro3160 tr1063">Expectations </span><span class="pp-class-382 pa t49535 l52627 ls3278 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t49535 l32944 ls858 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t49535 l52628 ls4299 wtro3159 wtr1062 tro3160 tr1063">following </span><span class="pp-class-382 pa t49535 l52629 ls2142 wtro3159 wtr1062 tro3160 tr1063">years </span><span class="pp-class-382 pa t49535 l52630 ls185 wtro3159 wtr1062 tro3160 tr1063">have </span><span class="pp-class-382 pa t49535 l52631 ls1323 wtro3159 wtr1062 tro3160 tr1063">been </span><span class="pp-class-382 pa t49535 l52632 ls1316 wtro3159 wtr1062 tro3160 tr1063">incorporated </span><span class="pp-class-382 pa t49535 l52633 ls3474 wtro3159 wtr1062 tro3160 tr1063">into </span><span class="pp-class-382 pa t49535 l52634 ls2944 wtro3159 wtr1062 tro3160 tr1063">projected </span><span class="pp-class-382 pa t49535 l52635 ls1323 wtro3159 wtr1062 tro3160 tr1063">cash </span><span class="pp-class-382 pa t49535 l52636 ls3477 wtro3159 wtr1062 tro3160 tr1063">flows: </span><span class="pp-class-382 pa t52637 l3 ls960 wtro3159 wtr1062 tro3160 tr1063">increased </span><span class="pp-class-382 pa t52637 l52638 ls2760 wtro3159 wtr1062 tro3160 tr1063">operating </span><span class="pp-class-382 pa t52637 l52639 ls1759 wtro3159 wtr1062 tro3160 tr1063">costs </span><span class="pp-class-382 pa t52637 l52640 ls3278 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t52637 l52641 ls1126 wtro3159 wtr1062 tro3160 tr1063">e-trucks </span><span class="pp-class-382 pa t52637 l52642 ls858 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t52637 l52643 ls1244 wtro3159 wtr1062 tro3160 tr1063">investments </span><span class="pp-class-382 pa t52637 l52644 ls1759 wtro3159 wtr1062 tro3160 tr1063">to </span><span class="pp-class-382 pa t52637 l18724 ls2143 wtro3159 wtr1062 tro3160 tr1063">improve </span><span class="pp-class-382 pa t52637 l52645 ls1323 wtro3159 wtr1062 tro3160 tr1063">fuel </span><span class="pp-class-382 pa t52637 l52646 ls3477 wtro3159 wtr1062 tro3160 tr1063">efficiency </span><span class="pp-class-382 pa t52637 l52647 ls1099 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t52637 l20425 ls2854 wtro3159 wtr1062 tro3160 tr1063">conversion </span><span class="pp-class-382 pa t52637 l52648 ls302 wtro3159 wtr1062 tro3160 tr1063">to </span><span class="pp-class-382 pa t49539 l3 ls2784 wtro3159 wtr1062 tro3160 tr1063">green </span><span class="pp-class-382 pa t49539 l52649 ls2486 wtro3159 wtr1062 tro3160 tr1063">fuels. </span><span class="pp-class-382 pa t49539 l52650 ls1080 wtro3159 wtr1062 tro3160 tr1063">In </span><span class="pp-class-382 pa t49539 l52651 ls1772 wtro3159 wtr1062 tro3160 tr1063">addition, </span><span class="pp-class-382 pa t49539 l52652 ls1323 wtro3159 wtr1062 tro3160 tr1063">cash </span><span class="pp-class-382 pa t49539 l52653 ls2784 wtro3159 wtr1062 tro3160 tr1063">flows </span><span class="pp-class-382 pa t49539 l52654 ls3278 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t49539 l52655 ls2127 wtro3159 wtr1062 tro3160 tr1063">Amsterdam </span><span class="pp-class-382 pa t49539 l52656 wtro3159 wtr1062 tro3160 tr1063">- </span><span class="pp-class-382 pa t49539 l52657 ls6007 wtro3159 wtr1062 tro3160 tr1063">Newcastle </span><span class="pp-class-382 pa t49539 l52658 ls8853 wtro3159 wtr1062 tro3160 tr1063">CGU, </span><span class="pp-class-382 pa t49539 l52659 ls2848 wtro3159 wtr1062 tro3160 tr1063">were </span><span class="pp-class-382 pa t49539 l52660 ls866 wtro3159 wtr1062 tro3160 tr1063">shortened </span><span class="pp-class-382 pa t49539 l52661 ls1759 wtro3159 wtr1062 tro3160 tr1063">to </span><span class="pp-class-382 pa t49539 l52662 ls1323 wtro3159 wtr1062 tro3160 tr1063">2029 </span><span class="pp-class-382 pa t49539 l52663 ls1323 wtro3159 wtr1062 tro3160 tr1063">when </span><span class="pp-class-382 pa t49539 l52664 ls302 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t49552 l3 ls8853 wtro3159 wtr1062 tro3160 tr1063">existing </span><span class="pp-class-382 pa t49552 l52665 ls2489 wtro3159 wtr1062 tro3160 tr1063">ferries </span><span class="pp-class-382 pa t49552 l52666 ls1080 wtro3159 wtr1062 tro3160 tr1063">no </span><span class="pp-class-382 pa t49552 l52667 ls2486 wtro3159 wtr1062 tro3160 tr1063">longer </span><span class="pp-class-382 pa t49552 l52668 ls2149 wtro3159 wtr1062 tro3160 tr1063">comply </span><span class="pp-class-382 pa t49552 l52669 ls1323 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t49552 l52670 ls1150 wtro3159 wtr1062 tro3160 tr1063">shore-power </span><span class="pp-class-382 pa t49552 l52671 ls1772 wtro3159 wtr1062 tro3160 tr1063">usage </span><span class="pp-class-382 pa t49552 l52672 ls4305 wtro3159 wtr1062 tro3160 tr1063">regulation.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t49577 l3 ls3105">Determination </span><span class="pp-class-383 pa t49577 l52162 ls1080">of </span><span class="pp-class-383 pa t49577 l52163 ls803">cash-generating </span><span class="pp-class-383 pa t49577 l52673 ls1759">units </span><span class="pp-class-383 pa t49577 l42774 ls858">and </span><span class="pp-class-383 pa t49577 l52674 ls806">assessment </span><span class="pp-class-383 pa t49577 l52675 ls2486">inputs </span><span class="pp-class-383 pa t49577 l52676 ls1080">of </span><span class="pp-class-383 pa t49577 l52677 ls15037">key </span><span class="pp-class-383 pa t49577 l52678 ls688">parameters</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52679 l3 ls1733 wtro3159 wtr1293 tro3160 tr1294">Judgement </span><span class="pp-class-382 pa t52679 l52680 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52679 l52681 ls1077 wtro3159 wtr1293 tro3160 tr1294">estimates </span><span class="pp-class-382 pa t52679 l52682 ls8853 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t52679 l52683 ls155 wtro3159 wtr1293 tro3160 tr1294">applied </span><span class="pp-class-382 pa t52679 l52684 ls203 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-382 pa t52679 l52685 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52679 l52686 ls2486 wtro3159 wtr1293 tro3160 tr1294">determination </span><span class="pp-class-382 pa t52679 l52687 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52679 l52688 ls88 wtro3159 wtr1293 tro3160 tr1294">cash </span><span class="pp-class-382 pa t52679 l52689 ls53 wtro3159 wtr1293 tro3160 tr1294">generating </span><span class="pp-class-382 pa t52679 l52690 ls214 wtro3159 wtr1293 tro3160 tr1294">units </span><span class="pp-class-382 pa t52679 l52691 ls1065 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t52679 l52692 ls214 wtro3159 wtr1293 tro3160 tr1294">which </span><span class="pp-class-382 pa t52679 l52693 ls274 wtro3159 wtr1293 tro3160 tr1294">goodwill </span><span class="pp-class-382 pa t52694 l3 ls203 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52694 l52695 ls1077 wtro3159 wtr1293 tro3160 tr1294">allocated </span><span class="pp-class-382 pa t52694 l52696 ls1323 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t52694 l52697 ls1733 wtro3159 wtr1293 tro3160 tr1294">impairment </span><span class="pp-class-382 pa t52694 l52698 ls1298 wtro3159 wtr1293 tro3160 tr1294">testing </span><span class="pp-class-382 pa t52694 l52699 ls203 wtro3159 wtr1293 tro3160 tr1294">as </span><span class="pp-class-382 pa t52694 l52700 ls830 wtro3159 wtr1293 tro3160 tr1294">well </span><span class="pp-class-382 pa t52694 l52701 ls203 wtro3159 wtr1293 tro3160 tr1294">as </span><span class="pp-class-382 pa t52694 l52702 ls203 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-382 pa t52694 l52703 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52694 l52704 ls103 wtro3159 wtr1293 tro3160 tr1294">selection </span><span class="pp-class-382 pa t52694 l52705 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52694 l52706 ls103 wtro3159 wtr1293 tro3160 tr1294">methodologies </span><span class="pp-class-382 pa t52694 l52707 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52694 l52708 ls1344 wtro3159 wtr1293 tro3160 tr1294">assumptions </span><span class="pp-class-382 pa t52709 l3 ls155 wtro3159 wtr1293 tro3160 tr1294">applied </span><span class="pp-class-382 pa t52709 l52710 ls203 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-382 pa t52709 l52711 ls1733 wtro3159 wtr1293 tro3160 tr1294">impairment </span><span class="pp-class-382 pa t52709 l52712 ls1080 wtro3159 wtr1293 tro3160 tr1294">tests. </span><span class="pp-class-382 pa t52709 l52713 ls931 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t52709 l52714 ls2486 wtro3159 wtr1293 tro3160 tr1294">determination </span><span class="pp-class-382 pa t52709 l52715 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52709 l52716 ls1305 wtro3159 wtr1293 tro3160 tr1294">cash-generating </span><span class="pp-class-382 pa t52709 l52717 ls214 wtro3159 wtr1293 tro3160 tr1294">units </span><span class="pp-class-382 pa t52709 l52718 ls858 wtro3159 wtr1293 tro3160 tr1294">differs </span><span class="pp-class-382 pa t52709 l52719 ls214 wtro3159 wtr1293 tro3160 tr1294">based </span><span class="pp-class-382 pa t52709 l52720 ls203 wtro3159 wtr1293 tro3160 tr1294">on </span><span class="pp-class-382 pa t52709 l52721 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52709 l52722 ls274 wtro3159 wtr1293 tro3160 tr1294">business </span><span class="pp-class-382 pa t52723 l3 ls1110 wtro3159 wtr1293 tro3160 tr1294">area. </span><span class="pp-class-382 pa t52723 l52724 ls88 wtro3159 wtr1293 tro3160 tr1294">Most </span><span class="pp-class-382 pa t52723 l52725 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52723 l52726 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52723 l52727 ls4275 wtro3159 wtr1293 tro3160 tr1294">freight </span><span class="pp-class-382 pa t52723 l52728 ls858 wtro3159 wtr1293 tro3160 tr1294">ferries </span><span class="pp-class-382 pa t52723 l52729 ls203 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-382 pa t52723 l52730 ls134 wtro3159 wtr1293 tro3160 tr1294">North </span><span class="pp-class-382 pa t52723 l52731 ls128 wtro3159 wtr1293 tro3160 tr1294">Sea, </span><span class="pp-class-382 pa t52723 l52732 ls1257 wtro3159 wtr1293 tro3160 tr1294">Baltic </span><span class="pp-class-382 pa t52723 l52733 ls931 wtro3159 wtr1293 tro3160 tr1294">Sea </span><span class="pp-class-382 pa t52723 l52734 ls138 wtro3159 wtr1293 tro3160 tr1294">&amp; </span><span class="pp-class-382 pa t52723 l52735 ls1941 wtro3159 wtr1293 tro3160 tr1294">Mediterranean </span><span class="pp-class-382 pa t52723 l52736 ls8853 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t52723 l52737 ls1941 wtro3159 wtr1293 tro3160 tr1294">interchangeable </span><span class="pp-class-382 pa t52723 l52738 ls180 wtro3159 wtr1293 tro3160 tr1294">with </span><span class="pp-class-382 pa t52739 l3 ls56 wtro3159 wtr1293 tro3160 tr1294">each </span><span class="pp-class-382 pa t52739 l52740 ls103 wtro3159 wtr1293 tro3160 tr1294">other </span><span class="pp-class-382 pa t52739 l52741 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52739 l52742 ls2489 wtro3159 wtr1293 tro3160 tr1294">where </span><span class="pp-class-382 pa t52739 l52743 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52739 l52744 ls4275 wtro3159 wtr1293 tro3160 tr1294">how </span><span class="pp-class-382 pa t52739 l52745 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52739 l52746 ls103 wtro3159 wtr1293 tro3160 tr1294">fleet </span><span class="pp-class-382 pa t52739 l52747 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52739 l23571 ls858 wtro3159 wtr1293 tro3160 tr1294">ferries </span><span class="pp-class-382 pa t52739 l52748 ls203 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52739 l52749 ls3278 wtro3159 wtr1293 tro3160 tr1294">deployed </span><span class="pp-class-382 pa t52739 l52750 ls203 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52739 l52751 ls2784 wtro3159 wtr1293 tro3160 tr1294">centrally </span><span class="pp-class-382 pa t52739 l52752 ls34 wtro3159 wtr1293 tro3160 tr1294">decided. </span><span class="pp-class-382 pa t52739 l52753 ls11245 wtro3159 wtr1293 tro3160 tr1294">Consequently, </span><span class="pp-class-382 pa t52739 l49928 ls203 wtro3159 wtr1293 tro3160 tr1294">these </span><span class="pp-class-382 pa t52754 l3 ls2489 wtro3159 wtr1293 tro3160 tr1294">areas </span><span class="pp-class-382 pa t52754 l52755 ls8853 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t52754 l52756 ls858 wtro3159 wtr1293 tro3160 tr1294">tested </span><span class="pp-class-382 pa t52754 l52757 ls1323 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t52754 l52758 ls1733 wtro3159 wtr1293 tro3160 tr1294">impairment </span><span class="pp-class-382 pa t52754 l52759 ls203 wtro3159 wtr1293 tro3160 tr1294">as </span><span class="pp-class-382 pa t52754 l32778 ls138 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-382 pa t52754 l52760 ls1955 wtro3159 wtr1293 tro3160 tr1294">single </span><span class="pp-class-382 pa t52754 l52761 ls1305 wtro3159 wtr1293 tro3160 tr1294">cash-generating </span><span class="pp-class-382 pa t52754 l52762 ls203 wtro3159 wtr1293 tro3160 tr1294">unit. </span><span class="pp-class-382 pa t52754 l52763 ls3123 wtro3159 wtr1293 tro3160 tr1294">Conversely, </span><span class="pp-class-382 pa t52754 l52764 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52754 l52765 ls187 wtro3159 wtr1293 tro3160 tr1294">vessels </span><span class="pp-class-382 pa t52754 l52766 ls882 wtro3159 wtr1293 tro3160 tr1294">servicing </span><span class="pp-class-382 pa t52754 l52767 ls138 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52768 l3 ls155 wtro3159 wtr1293 tro3160 tr1294">English </span><span class="pp-class-382 pa t52768 l52769 ls34 wtro3159 wtr1293 tro3160 tr1294">Channel, </span><span class="pp-class-382 pa t52768 l52770 ls1271 wtro3159 wtr1293 tro3160 tr1294">Strait </span><span class="pp-class-382 pa t52768 l52771 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52768 l52772 ls3498 wtro3159 wtr1293 tro3160 tr1294">Gibraltar, </span><span class="pp-class-382 pa t52768 l23961 ls3474 wtro3159 wtr1293 tro3160 tr1294">Amsterdam-Newcastle </span><span class="pp-class-382 pa t52768 l52773 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52768 l52774 ls2486 wtro3159 wtr1293 tro3160 tr1294">Jersey </span><span class="pp-class-382 pa t52768 l52775 ls2842 wtro3159 wtr1293 tro3160 tr1294">routes </span><span class="pp-class-382 pa t52768 l52776 ls931 wtro3159 wtr1293 tro3160 tr1294">can </span><span class="pp-class-382 pa t52768 l52777 ls203 wtro3159 wtr1293 tro3160 tr1294">be </span><span class="pp-class-382 pa t52768 l52778 ls88 wtro3159 wtr1293 tro3160 tr1294">used </span><span class="pp-class-382 pa t52768 l52779 ls4396 wtro3159 wtr1293 tro3160 tr1294">exclusively </span><span class="pp-class-382 pa t52780 l3 ls203 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-382 pa t52780 l52781 ls56 wtro3159 wtr1293 tro3160 tr1294">each </span><span class="pp-class-382 pa t52780 l52782 ls34 wtro3159 wtr1293 tro3160 tr1294">specific </span><span class="pp-class-382 pa t52780 l52783 ls7855 wtro3159 wtr1293 tro3160 tr1294">itinerary. </span><span class="pp-class-382 pa t52780 l52784 ls11245 wtro3159 wtr1293 tro3160 tr1294">Consequently, </span><span class="pp-class-382 pa t52780 l31190 ls214 wtro3159 wtr1293 tro3160 tr1294">these </span><span class="pp-class-382 pa t52780 l52785 ls2489 wtro3159 wtr1293 tro3160 tr1294">areas </span><span class="pp-class-382 pa t52780 l12096 ls8853 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t52780 l52786 ls1118 wtro3159 wtr1293 tro3160 tr1294">individually </span><span class="pp-class-382 pa t52780 l52787 ls858 wtro3159 wtr1293 tro3160 tr1294">tested </span><span class="pp-class-382 pa t52780 l52788 ls1323 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t52780 l52789 ls1733 wtro3159 wtr1293 tro3160 tr1294">impairment </span><span class="pp-class-382 pa t52780 l52790 ls203 wtro3159 wtr1293 tro3160 tr1294">as </span><span class="pp-class-382 pa t52780 l52791 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-382 pa t52792 l3 ls5069 wtro3159 wtr1293 tro3160 tr1294">separate </span><span class="pp-class-382 pa t52792 l52793 ls1305 wtro3159 wtr1293 tro3160 tr1294">cash-generating </span><span class="pp-class-382 pa t52792 l52794 ls1955 wtro3159 wtr1293 tro3160 tr1294">units. </span><span class="pp-class-382 pa t52792 l52795 ls203 wtro3159 wtr1293 tro3160 tr1294">In </span><span class="pp-class-382 pa t52792 l52796 ls1344 wtro3159 wtr1293 tro3160 tr1294">logistics, </span><span class="pp-class-382 pa t52792 l52797 ls1099 wtro3159 wtr1293 tro3160 tr1294">management </span><span class="pp-class-382 pa t52792 l52798 ls931 wtro3159 wtr1293 tro3160 tr1294">has </span><span class="pp-class-382 pa t52792 l52799 ls858 wtro3159 wtr1293 tro3160 tr1294">determined </span><span class="pp-class-382 pa t52792 l52800 ls1073 wtro3159 wtr1293 tro3160 tr1294">that </span><span class="pp-class-382 pa t52792 l52801 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52792 l52802 ls2889 wtro3159 wtr1293 tro3160 tr1294">lowest </span><span class="pp-class-382 pa t52792 l39471 ls1244 wtro3159 wtr1293 tro3160 tr1294">level </span><span class="pp-class-382 pa t52792 l52803 ls254 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52804 l3 ls1080 wtro3159 wtr1293 tro3160 tr1294">identifiable </span><span class="pp-class-382 pa t52804 l52805 ls88 wtro3159 wtr1293 tro3160 tr1294">cash </span><span class="pp-class-382 pa t52804 l52806 ls1859 wtro3159 wtr1293 tro3160 tr1294">inflows </span><span class="pp-class-382 pa t52804 l52807 wtro3159 wtr1293 tro3160 tr1294">- </span><span class="pp-class-382 pa t52804 l52808 ls1073 wtro3159 wtr1293 tro3160 tr1294">that </span><span class="pp-class-382 pa t52804 l52809 ls8853 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t52804 l52810 ls3377 wtro3159 wtr1293 tro3160 tr1294">largely </span><span class="pp-class-382 pa t52804 l52811 ls1080 wtro3159 wtr1293 tro3160 tr1294">independent </span><span class="pp-class-382 pa t52804 l52812 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52804 l52813 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52804 l52814 ls88 wtro3159 wtr1293 tro3160 tr1294">cash </span><span class="pp-class-382 pa t52804 l52815 ls1859 wtro3159 wtr1293 tro3160 tr1294">inflows </span><span class="pp-class-382 pa t52804 l52816 ls1101 wtro3159 wtr1293 tro3160 tr1294">from </span><span class="pp-class-382 pa t52804 l52817 ls103 wtro3159 wtr1293 tro3160 tr1294">other </span><span class="pp-class-382 pa t52804 l52818 ls103 wtro3159 wtr1293 tro3160 tr1294">assets </span><span class="pp-class-382 pa t52804 l52819 wtro3159 wtr1293 tro3160 tr1294">- </span><span class="pp-class-382 pa t52804 l52820 ls203 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52804 l52821 ls138 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52822 l3 ls88 wtro3159 wtr1293 tro3160 tr1294">cash </span><span class="pp-class-382 pa t52822 l52823 ls1859 wtro3159 wtr1293 tro3160 tr1294">inflows </span><span class="pp-class-382 pa t52822 l52824 ls803 wtro3159 wtr1293 tro3160 tr1294">generated </span><span class="pp-class-382 pa t52822 l52825 ls5039 wtro3159 wtr1293 tro3160 tr1294">by </span><span class="pp-class-382 pa t52822 l52826 ls931 wtro3159 wtr1293 tro3160 tr1294">all </span><span class="pp-class-382 pa t52822 l52827 ls1065 wtro3159 wtr1293 tro3160 tr1294">logistics </span><span class="pp-class-382 pa t52822 l52828 ls2842 wtro3159 wtr1293 tro3160 tr1294">routes </span><span class="pp-class-382 pa t52822 l52829 ls3230 wtro3159 wtr1293 tro3160 tr1294">together. </span><span class="pp-class-382 pa t52822 l52830 ls88 wtro3159 wtr1293 tro3160 tr1294">This </span><span class="pp-class-382 pa t52822 l52831 ls203 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52822 l52832 ls214 wtro3159 wtr1293 tro3160 tr1294">based </span><span class="pp-class-382 pa t52822 l52833 ls203 wtro3159 wtr1293 tro3160 tr1294">on </span><span class="pp-class-382 pa t52822 l52834 ls2694 wtro3159 wtr1293 tro3160 tr1294">increased </span><span class="pp-class-382 pa t52822 l52835 ls1859 wtro3159 wtr1293 tro3160 tr1294">integration, </span><span class="pp-class-382 pa t52822 l52836 ls3278 wtro3159 wtr1293 tro3160 tr1294">creation </span><span class="pp-class-382 pa t52837 l3 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52837 l52838 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52837 l52839 ls1733 wtro3159 wtr1293 tro3160 tr1294">equipment </span><span class="pp-class-382 pa t52837 l52840 ls214 wtro3159 wtr1293 tro3160 tr1294">pool, </span><span class="pp-class-382 pa t52837 l52841 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52837 l7911 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52837 l52842 ls3105 wtro3159 wtr1293 tro3160 tr1294">fact </span><span class="pp-class-382 pa t52837 l52843 ls1073 wtro3159 wtr1293 tro3160 tr1294">that </span><span class="pp-class-382 pa t52837 l52844 ls931 wtro3159 wtr1293 tro3160 tr1294">our </span><span class="pp-class-382 pa t52837 l52845 ls1065 wtro3159 wtr1293 tro3160 tr1294">logistics </span><span class="pp-class-382 pa t52837 l52846 ls2842 wtro3159 wtr1293 tro3160 tr1294">routes </span><span class="pp-class-382 pa t52837 l52847 ls8853 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t52837 l46159 ls3377 wtro3159 wtr1293 tro3160 tr1294">largely </span><span class="pp-class-382 pa t52837 l52848 ls1073 wtro3159 wtr1293 tro3160 tr1294">interdependent </span><span class="pp-class-382 pa t52837 l52849 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52837 l52850 ls85 wtro3159 wtr1293 tro3160 tr1294">managed </span><span class="pp-class-382 pa t52851 l3 ls88 wtro3159 wtr1293 tro3160 tr1294">with </span><span class="pp-class-382 pa t52851 l52852 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52851 l52853 ls1955 wtro3159 wtr1293 tro3160 tr1294">common </span><span class="pp-class-382 pa t52851 l14043 ls1237 wtro3159 wtr1293 tro3160 tr1294">objective </span><span class="pp-class-382 pa t52851 l52854 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52851 l52855 ls246 wtro3159 wtr1293 tro3160 tr1294">supporting </span><span class="pp-class-382 pa t52851 l52856 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52851 l52857 ls688 wtro3159 wtr1293 tro3160 tr1294">Group's </span><span class="pp-class-382 pa t52851 l52858 ls2835 wtro3159 wtr1293 tro3160 tr1294">ferry </span><span class="pp-class-382 pa t52851 l52859 ls34 wtro3159 wtr1293 tro3160 tr1294">business </span><span class="pp-class-382 pa t52851 l52860 ls2889 wtro3159 wtr1293 tro3160 tr1294">across </span><span class="pp-class-382 pa t52851 l52861 ls806 wtro3159 wtr1293 tro3160 tr1294">regions.</span></p></div></div><span class="pp-class-386 pa t48449 l49488 ls878" xmlns="http://www.w3.org/1999/xhtml">Significant </span><span class="pp-class-386 pa t48449 l49489 ls193" xmlns="http://www.w3.org/1999/xhtml">accounting </span><span class="pp-class-386 pa t48449 l49490 ls854" xmlns="http://www.w3.org/1999/xhtml">estimates</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60103 l3 ls1080">In </span><span class="pp-class-382 pa t60103 l43891 ls2944">applying </span><span class="pp-class-382 pa t60103 l60104 ls858">the </span><span class="pp-class-382 pa t60103 l60105 ls1772">acquisition </span><span class="pp-class-382 pa t60103 l34344 ls238">method </span><span class="pp-class-382 pa t60103 l60106 ls103">of </span><span class="pp-class-382 pa t60103 l60107 ls3278">accounting, </span><span class="pp-class-382 pa t60103 l60108 ls3105">estimates </span><span class="pp-class-382 pa t60103 l60109 ls800">are </span><span class="pp-class-382 pa t60103 l60110 ls1080">an </span><span class="pp-class-382 pa t60103 l60111 ls7094">integrated </span><span class="pp-class-382 pa t60103 l60112 ls658">part </span><span class="pp-class-382 pa t60103 l53757 ls103">of </span><span class="pp-class-382 pa t60103 l60113 ls1073">assessing </span><span class="pp-class-382 pa t60103 l60114 ls866">fair </span><span class="pp-class-382 pa t60115 l3 ls1150">values </span><span class="pp-class-382 pa t60115 l29585 ls103">of </span><span class="pp-class-382 pa t60115 l29586 ls2143">several </span><span class="pp-class-382 pa t60115 l60116 ls296">identifiable </span><span class="pp-class-382 pa t60115 l60117 ls238">assets </span><span class="pp-class-382 pa t60115 l60118 ls1316">acquired </span><span class="pp-class-382 pa t60115 l60119 ls1099">and </span><span class="pp-class-382 pa t60115 l60120 ls1118">liabilities </span><span class="pp-class-382 pa t60115 l60121 ls2694">assumed, </span><span class="pp-class-382 pa t60115 l60122 ls1080">as </span><span class="pp-class-382 pa t60115 l60123 ls3474">observable </span><span class="pp-class-382 pa t60115 l60124 ls3623">market </span><span class="pp-class-382 pa t60115 l60125 ls1110">prices </span><span class="pp-class-382 pa t60126 l3 ls800">are </span><span class="pp-class-382 pa t60126 l43707 ls1974">typically </span><span class="pp-class-382 pa t60126 l60127 ls830">not </span><span class="pp-class-382 pa t60126 l60128 ls3377">available.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60129 l3 ls7858">Valuation </span><span class="pp-class-382 pa t60129 l60130 ls238">techniques </span><span class="pp-class-382 pa t60129 l60131 ls2784">where </span><span class="pp-class-382 pa t60129 l60132 ls3105">estimates </span><span class="pp-class-382 pa t60129 l60133 ls800">are </span><span class="pp-class-382 pa t60129 l60134 ls1237">applied </span><span class="pp-class-382 pa t60129 l60135 ls1974">typically </span><span class="pp-class-382 pa t60129 l60136 ls1864">relate </span><span class="pp-class-382 pa t60129 l60137 ls1759">to </span><span class="pp-class-382 pa t60129 l60138 ls2489">determining </span><span class="pp-class-382 pa t60129 l25185 ls858">the </span><span class="pp-class-382 pa t60129 l60139 ls852">present </span><span class="pp-class-382 pa t60129 l60140 ls1083">value </span><span class="pp-class-382 pa t60129 l60141 ls134">of </span><span class="pp-class-382 pa t60142 l3 ls1083">future </span><span class="pp-class-382 pa t60142 l34026 ls866">uncertain </span><span class="pp-class-382 pa t60142 l60143 ls1323">cash </span><span class="pp-class-382 pa t60142 l157 ls2784">flows </span><span class="pp-class-382 pa t60142 l44520 ls1080">or </span><span class="pp-class-382 pa t60142 l55871 ls1073">assessing </span><span class="pp-class-382 pa t60142 l60144 ls296">other </span><span class="pp-class-382 pa t60142 l60145 ls7094">events </span><span class="pp-class-382 pa t60142 l60146 ls1080">in </span><span class="pp-class-382 pa t60142 l49859 ls1759">which </span><span class="pp-class-382 pa t60142 l60147 ls858">the </span><span class="pp-class-382 pa t60142 l60148 ls806">outcome </span><span class="pp-class-382 pa t60142 l60149 ls1080">is </span><span class="pp-class-382 pa t60142 l60150 ls866">uncertain </span><span class="pp-class-382 pa t60142 l60151 ls1083">at </span><span class="pp-class-382 pa t60142 l60152 ls858">the </span><span class="pp-class-382 pa t60142 l60153 ls852">date </span><span class="pp-class-382 pa t60142 l60154 ls134">of </span><span class="pp-class-382 pa t60155 l3 ls1772">acquisition. </span><span class="pp-class-382 pa t60155 l44472 ls806">Significant </span><span class="pp-class-382 pa t60155 l60156 ls3105">estimates </span><span class="pp-class-382 pa t60155 l60157 ls800">are </span><span class="pp-class-382 pa t60155 l60158 ls1974">typically </span><span class="pp-class-382 pa t60155 l60159 ls1237">applied </span><span class="pp-class-382 pa t60155 l60160 ls1080">in </span><span class="pp-class-382 pa t60155 l60161 ls53">accounting </span><span class="pp-class-382 pa t60155 l60162 ls3278">for </span><span class="pp-class-382 pa t60155 l20732 ls1742">property, </span><span class="pp-class-382 pa t60155 l60163 ls1305">plant </span><span class="pp-class-382 pa t60155 l60164 ls302">and </span><span class="pp-class-382 pa t60165 l3 ls1319">equipment </span><span class="pp-class-382 pa t60165 l34347 ls858">and </span><span class="pp-class-382 pa t60165 l60166 ls296">customer </span><span class="pp-class-382 pa t60165 l60167 ls1868">relationships. </span><span class="pp-class-382 pa t60165 l38345 ls1080">As </span><span class="pp-class-382 pa t60165 l60168 ls302">a </span><span class="pp-class-382 pa t60165 l58630 ls800">result </span><span class="pp-class-382 pa t60165 l60169 ls103">of </span><span class="pp-class-382 pa t60165 l60170 ls858">the </span><span class="pp-class-382 pa t60165 l55237 ls2694">uncertainties </span><span class="pp-class-382 pa t60165 l60171 ls1080">in </span><span class="pp-class-382 pa t60165 l55489 ls3278">fair </span><span class="pp-class-382 pa t60165 l60172 ls1083">value </span><span class="pp-class-382 pa t60165 l60173 ls4275">estimation, </span><span class="pp-class-382 pa t60174 l3 ls960">measurement </span><span class="pp-class-382 pa t60174 l12936 ls2486">period </span><span class="pp-class-382 pa t60174 l60175 ls3278">adjustments </span><span class="pp-class-382 pa t60174 l47493 ls2944">may </span><span class="pp-class-382 pa t60174 l25622 ls1080">be </span><span class="pp-class-382 pa t60174 l60176 ls1237">applied.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t328 l60180"/></p> <div id="pp-id-5091" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45927 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">2.1 </span><span class="pp-class-370 pa t21055 l43638 ls96">Segment </span><span class="pp-class-370 pa t21055 l45928 ls281">information</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls858">The </span><span class="pp-class-382 pa t45774 l16631 ls830">segments </span><span class="pp-class-382 pa t45774 l30636 ls3278">together </span><span class="pp-class-382 pa t45774 l45929 ls1323">with </span><span class="pp-class-382 pa t45774 l45930 ls688">allocation </span><span class="pp-class-382 pa t45774 l45931 ls103">of </span><span class="pp-class-382 pa t45774 l45932 ls2760">operating </span><span class="pp-class-382 pa t45774 l45933 ls3105">profit, </span><span class="pp-class-382 pa t45774 l45934 ls238">assets </span><span class="pp-class-382 pa t45774 l45935 ls1099">and </span><span class="pp-class-382 pa t45774 l45936 ls1118">liabilities </span><span class="pp-class-382 pa t45774 l45937 ls1148">etc. </span><span class="pp-class-382 pa t45774 l45938 ls800">are </span><span class="pp-class-382 pa t45774 l45939 ls1319">identical </span><span class="pp-class-382 pa t45774 l45940 ls1323">with </span><span class="pp-class-382 pa t45774 l45941 ls302">the </span><span class="pp-class-382 pa t45789 l3 ls4275">internal </span><span class="pp-class-382 pa t45789 l2752 ls53">reporting </span><span class="pp-class-382 pa t45789 l16343 ls1083">structure </span><span class="pp-class-382 pa t45789 l42430 ls103">of </span><span class="pp-class-382 pa t45789 l45942 ls858">the </span><span class="pp-class-382 pa t45789 l45943 ls2149">Group. </span><span class="pp-class-382 pa t45789 l45944 ls53">Management </span><span class="pp-class-382 pa t45789 l45945 ls1099">has </span><span class="pp-class-382 pa t45789 l45946 ls1305">defined </span><span class="pp-class-382 pa t45789 l37924 ls1099">the </span><span class="pp-class-382 pa t45789 l45947 ls8853">Groups’ </span><span class="pp-class-382 pa t45789 l45948 ls2694">business </span><span class="pp-class-382 pa t45789 l45949 ls830">segments </span><span class="pp-class-382 pa t45789 l45950 ls1759">based </span><span class="pp-class-382 pa t45789 l45951 ls278">on </span><span class="pp-class-382 pa t45805 l3 ls858">the </span><span class="pp-class-382 pa t45805 l43824 ls53">reporting </span><span class="pp-class-382 pa t45805 l8126 ls4396">regularly </span><span class="pp-class-382 pa t45805 l45952 ls852">presented </span><span class="pp-class-382 pa t45805 l45953 ls1759">to </span><span class="pp-class-382 pa t45805 l45954 ls858">the </span><span class="pp-class-382 pa t45805 l45955 ls2784">Group </span><span class="pp-class-382 pa t45805 l45956 ls1463">Executive </span><span class="pp-class-382 pa t45805 l45957 ls1271">Management, </span><span class="pp-class-382 pa t45805 l43802 ls1759">which </span><span class="pp-class-382 pa t45805 l45958 ls1323">also </span><span class="pp-class-382 pa t45805 l45959 ls2489">forms </span><span class="pp-class-382 pa t45805 l45960 ls1099">the </span><span class="pp-class-382 pa t45805 l45961 ls1759">basis </span><span class="pp-class-382 pa t45805 l45962 ls99">for </span><span class="pp-class-382 pa t45963 l3 ls53">management </span><span class="pp-class-382 pa t45963 l34236 ls819">decisions. </span><span class="pp-class-382 pa t45963 l45964 ls1118">Segment </span><span class="pp-class-382 pa t45963 l45965 ls1321">performance </span><span class="pp-class-382 pa t45963 l45966 ls1080">is </span><span class="pp-class-382 pa t45963 l45967 ls715">evaluated </span><span class="pp-class-382 pa t45963 l45968 ls2784">by </span><span class="pp-class-382 pa t45963 l45969 ls53">management </span><span class="pp-class-382 pa t45963 l45970 ls1759">based </span><span class="pp-class-382 pa t45963 l45971 ls1080">on </span><span class="pp-class-382 pa t45963 l45972 ls2970">EBITDA </span><span class="pp-class-382 pa t45963 l45973 ls858">and </span><span class="pp-class-382 pa t45963 l45974 ls9956">EBIT. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45975 l3 ls858">The </span><span class="pp-class-382 pa t45975 l16631 ls1759">costs </span><span class="pp-class-382 pa t45975 l45976 ls103">of </span><span class="pp-class-382 pa t45975 l37896 ls858">the </span><span class="pp-class-382 pa t45975 l45977 ls830">segments </span><span class="pp-class-382 pa t45975 l45978 ls800">are </span><span class="pp-class-382 pa t45975 l45979 ls858">the </span><span class="pp-class-382 pa t45975 l41542 ls2143">directly </span><span class="pp-class-382 pa t45975 l45980 ls3435">recorded </span><span class="pp-class-382 pa t45975 l45981 ls1759">costs </span><span class="pp-class-382 pa t45975 l45982 ls3474">including </span><span class="pp-class-382 pa t45975 l45983 ls3435">systematically </span><span class="pp-class-382 pa t45975 l45984 ls3105">allocated </span><span class="pp-class-382 pa t45975 l45985 ls3623">indirect </span><span class="pp-class-382 pa t45975 l45986 ls1110">costs, </span><span class="pp-class-382 pa t45987 l3 ls1974">primarily </span><span class="pp-class-382 pa t45987 l45988 ls819">concerning </span><span class="pp-class-382 pa t45987 l45989 ls2784">Group </span><span class="pp-class-382 pa t45987 l45990 ls1271">functions. </span><span class="pp-class-382 pa t45987 l45991 ls2489">Non-allocated </span><span class="pp-class-382 pa t45987 l45992 ls1759">costs </span><span class="pp-class-382 pa t45987 l45993 ls4305">reflect </span><span class="pp-class-382 pa t45987 l45994 ls1099">the </span><span class="pp-class-382 pa t45987 l45995 ls1150">general </span><span class="pp-class-382 pa t45987 l45996 ls1271">functions </span><span class="pp-class-382 pa t45987 l45997 ls1759">which </span><span class="pp-class-382 pa t45987 l45998 ls869">cannot </span><span class="pp-class-382 pa t45999 l3 ls2401">reasonably </span><span class="pp-class-382 pa t45999 l46000 ls1080">be </span><span class="pp-class-382 pa t45999 l34258 ls3105">allocated </span><span class="pp-class-382 pa t45999 l15553 ls1759">to </span><span class="pp-class-382 pa t45999 l6117 ls858">the </span><span class="pp-class-382 pa t45999 l46001 ls1319">segments. </span><span class="pp-class-382 pa t45999 l46002 ls1099">The </span><span class="pp-class-382 pa t45999 l46003 ls1759">costs </span><span class="pp-class-382 pa t45999 l46004 ls1237">consist </span><span class="pp-class-382 pa t45999 l46005 ls1974">primarily </span><span class="pp-class-382 pa t45999 l46006 ls103">of </span><span class="pp-class-382 pa t45999 l46007 ls1759">costs </span><span class="pp-class-382 pa t45999 l46008 ls819">concerning </span><span class="pp-class-382 pa t45999 l46009 ls1099">the </span><span class="pp-class-382 pa t45999 l46010 ls2784">Group </span><span class="pp-class-382 pa t45999 l46011 ls852">Executive </span><span class="pp-class-382 pa t46012 l3 ls53">Management </span><span class="pp-class-382 pa t46012 l3968 ls858">and </span><span class="pp-class-382 pa t46012 l46013 ls2784">Board </span><span class="pp-class-382 pa t46012 l5377 ls103">of </span><span class="pp-class-382 pa t46012 l6117 ls2944">Directors </span><span class="pp-class-382 pa t46012 l46014 ls858">but </span><span class="pp-class-382 pa t46012 l16356 ls1323">also </span><span class="pp-class-382 pa t46012 l46015 ls2784">Group </span><span class="pp-class-382 pa t46012 l46016 ls1271">functions </span><span class="pp-class-382 pa t46012 l46017 ls1323">such </span><span class="pp-class-382 pa t46012 l46018 ls1080">as </span><span class="pp-class-382 pa t46012 l46019 ls1057">treasury, </span><span class="pp-class-382 pa t46012 l46020 ls2784">investor </span><span class="pp-class-382 pa t46012 l46021 ls4305">relations, </span><span class="pp-class-382 pa t46012 l46022 ls1110">legal, </span><span class="pp-class-382 pa t46023 l3 ls1316">procurement, </span><span class="pp-class-382 pa t46023 l46024 ls2842">communication, </span><span class="pp-class-382 pa t46023 l46025 ls1237">finance </span><span class="pp-class-382 pa t46023 l46026 ls1080">as </span><span class="pp-class-382 pa t46023 l44775 ls960">well </span><span class="pp-class-382 pa t46023 l40357 ls1080">as </span><span class="pp-class-382 pa t46023 l46027 ls99">certain </span><span class="pp-class-382 pa t46023 l45825 ls2784">Group </span><span class="pp-class-382 pa t46023 l46028 ls1083">projects. </span><span class="pp-class-382 pa t46023 l46029 ls3190">Transactions </span><span class="pp-class-382 pa t46023 l46030 ls1244">between </span><span class="pp-class-382 pa t46023 l46031 ls830">segments </span><span class="pp-class-382 pa t46023 l46032 ls2970">are </span><span class="pp-class-382 pa t46033 l3 ls3474">concluded </span><span class="pp-class-382 pa t46033 l46034 ls1083">at </span><span class="pp-class-382 pa t46033 l44822 ls7096">arm’s </span><span class="pp-class-382 pa t46033 l14879 ls2486">length </span><span class="pp-class-382 pa t46033 l6724 ls1118">terms.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46035 l3 ls1118">Segment </span><span class="pp-class-382 pa t46035 l33898 ls238">assets </span><span class="pp-class-382 pa t46035 l46036 ls296">include </span><span class="pp-class-382 pa t46035 l46037 ls238">assets </span><span class="pp-class-382 pa t46035 l46038 ls1759">which </span><span class="pp-class-382 pa t46035 l46039 ls800">are </span><span class="pp-class-382 pa t46035 l46040 ls2143">directly </span><span class="pp-class-382 pa t46035 l46041 ls3458">related </span><span class="pp-class-382 pa t46035 l46042 ls1759">to </span><span class="pp-class-382 pa t46035 l46043 ls1099">the </span><span class="pp-class-382 pa t46035 l19105 ls1118">segment </span><span class="pp-class-382 pa t46035 l46044 ls1323">such </span><span class="pp-class-382 pa t46035 l46045 ls1080">as </span><span class="pp-class-382 pa t46035 l46046 ls1101">non-current </span><span class="pp-class-382 pa t46035 l46047 ls1701">intangibles, </span><span class="pp-class-382 pa t46035 l46048 ls858">non-</span><span class="pp-class-382 pa t46049 l3 ls852">current </span><span class="pp-class-382 pa t46049 l46050 ls238">tangibles, </span><span class="pp-class-382 pa t46049 l46051 ls296">other </span><span class="pp-class-382 pa t46049 l15498 ls1101">non-current </span><span class="pp-class-382 pa t46049 l46052 ls858">and </span><span class="pp-class-382 pa t46049 l34267 ls1316">right-of-use </span><span class="pp-class-382 pa t46049 l46053 ls3474">assets, </span><span class="pp-class-382 pa t46049 l46054 ls2127">inventories, </span><span class="pp-class-382 pa t46049 l46055 ls6007">receivables, </span><span class="pp-class-382 pa t46049 l46056 ls828">prepayments, </span><span class="pp-class-382 pa t46049 l46057 ls1099">and </span><span class="pp-class-382 pa t46049 l46058 ls1080">cash. </span><span class="pp-class-382 pa t46059 l3 ls1118">Segment </span><span class="pp-class-382 pa t46059 l33898 ls1118">liabilities </span><span class="pp-class-382 pa t46059 l46060 ls296">include </span><span class="pp-class-382 pa t46059 l17240 ls852">current </span><span class="pp-class-382 pa t46059 l46061 ls1099">and </span><span class="pp-class-382 pa t46059 l46062 ls1101">non-current </span><span class="pp-class-382 pa t46059 l46063 ls1118">liabilities.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46064 l3 ls1150">DFDS </span><span class="pp-class-382 pa t46064 l46065 ls3105">has </span><span class="pp-class-382 pa t46064 l46066 ls2851">adopted </span><span class="pp-class-382 pa t46064 l46067 ls3105">the </span><span class="pp-class-382 pa t46064 l46068 ls3623">IFRIC </span><span class="pp-class-382 pa t46064 l46069 ls646">agenda </span><span class="pp-class-382 pa t46064 l46070 ls2760">decision </span><span class="pp-class-382 pa t46064 l46071 ls1772">on </span><span class="pp-class-382 pa t46064 l44670 ls2688">segment </span><span class="pp-class-382 pa t46064 l46072 ls3458">reporting </span><span class="pp-class-382 pa t46064 l46073 ls2787">clarifying </span><span class="pp-class-382 pa t46064 l46074 ls2273">requirements </span><span class="pp-class-382 pa t46064 l43035 ls53">of </span><span class="pp-class-382 pa t46064 l46075 ls3105">the </span><span class="pp-class-382 pa t46064 l46076 ls960">segment </span><span class="pp-class-382 pa t46077 l3 ls2955">disclosure </span><span class="pp-class-382 pa t46077 l46078 ls2854">to </span><span class="pp-class-382 pa t46077 l2933 ls2760">disclose </span><span class="pp-class-382 pa t46077 l46079 ls185">material </span><span class="pp-class-382 pa t46077 l46080 ls2787">income </span><span class="pp-class-382 pa t46077 l46081 ls3105">and </span><span class="pp-class-382 pa t46077 l37041 ls4652">expenses </span><span class="pp-class-382 pa t46077 l46082 ls800">included </span><span class="pp-class-382 pa t46077 l46083 ls1772">in </span><span class="pp-class-382 pa t46077 l46084 ls3230">profit </span><span class="pp-class-382 pa t46077 l46085 ls800">for </span><span class="pp-class-382 pa t46077 l46086 ls3105">the </span><span class="pp-class-382 pa t46077 l46087 ls14023">year. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46088 l3 ls1148">Ferry </span><span class="pp-class-382 pa t46088 l16747 ls2760">Division </span><span class="pp-class-382 pa t46088 l46089 ls1314">operates </span><span class="pp-class-382 pa t46088 l46090 ls1083">ferry </span><span class="pp-class-382 pa t46088 l17644 ls11558">routes </span><span class="pp-class-382 pa t46088 l46091 ls646">connecting </span><span class="pp-class-382 pa t46088 l46092 ls7470">Europe </span><span class="pp-class-382 pa t46088 l46093 ls2854">to </span><span class="pp-class-382 pa t46088 l46094 ls46095">Türkiye </span><span class="pp-class-382 pa t46088 l46096 ls3105">and </span><span class="pp-class-382 pa t46088 l46097 ls4299">northern </span><span class="pp-class-382 pa t46088 l46098 ls1243">Africa, </span><span class="pp-class-382 pa t46088 l46099 ls9967">transporting </span><span class="pp-class-382 pa t46088 l46100 ls2848">freight </span><span class="pp-class-382 pa t46088 l46101 ls5039">units, </span><span class="pp-class-382 pa t46102 l3 ls2588">mainly </span><span class="pp-class-382 pa t46102 l46103 ls2132">trailers, </span><span class="pp-class-382 pa t46102 l46104 ls3105">and </span><span class="pp-class-382 pa t46102 l46105 ls7694">passengers.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46106 l3 ls858">The </span><span class="pp-class-382 pa t46106 l16631 ls4305">routes </span><span class="pp-class-382 pa t46106 l18610 ls2889">deploy </span><span class="pp-class-382 pa t46106 l46107 ls302">a </span><span class="pp-class-382 pa t46106 l31119 ls1099">mix </span><span class="pp-class-382 pa t46106 l46108 ls103">of </span><span class="pp-class-382 pa t46106 l46109 ls852">freight </span><span class="pp-class-382 pa t46106 l46110 ls1321">ferries, </span><span class="pp-class-382 pa t46106 l46111 ls852">freight </span><span class="pp-class-382 pa t46106 l46112 ls858">and </span><span class="pp-class-382 pa t46106 l46113 ls1073">passenger </span><span class="pp-class-382 pa t46106 l46114 ls1321">ferries. </span><span class="pp-class-382 pa t46106 l46115 ls1080">In </span><span class="pp-class-382 pa t46106 l46116 ls1772">addition, </span><span class="pp-class-382 pa t46106 l46117 ls658">port </span><span class="pp-class-382 pa t46106 l46118 ls296">terminals </span><span class="pp-class-382 pa t46106 l46119 ls800">are </span><span class="pp-class-382 pa t46106 l46120 ls1271">owned </span><span class="pp-class-382 pa t46121 l3 ls2147">and/or </span><span class="pp-class-382 pa t46121 l46122 ls2145">operated </span><span class="pp-class-382 pa t46121 l33765 ls1083">at </span><span class="pp-class-382 pa t46121 l46123 ls3377">strategic </span><span class="pp-class-382 pa t46121 l46124 ls1323">hubs </span><span class="pp-class-382 pa t46121 l46125 ls103">of </span><span class="pp-class-382 pa t46121 l46126 ls858">the </span><span class="pp-class-382 pa t46121 l46127 ls2688">route </span><span class="pp-class-382 pa t46121 l12360 ls2854">network. </span><span class="pp-class-382 pa t46121 l46128 ls1099">The </span><span class="pp-class-382 pa t46121 l46129 ls852">freight </span><span class="pp-class-382 pa t46121 l46130 ls296">customers </span><span class="pp-class-382 pa t46121 l46131 ls800">are </span><span class="pp-class-382 pa t46121 l46132 ls2149">mainly </span><span class="pp-class-382 pa t46121 l46133 ls4305">forwarders </span><span class="pp-class-382 pa t46121 l46134 ls302">and </span><span class="pp-class-382 pa t46135 l3 ls1271">hauliers </span><span class="pp-class-382 pa t46135 l43759 ls1080">as </span><span class="pp-class-382 pa t46135 l46136 ls960">well </span><span class="pp-class-382 pa t46135 l46137 ls1080">as </span><span class="pp-class-382 pa t46135 l37236 ls1194">manufacturers </span><span class="pp-class-382 pa t46135 l46138 ls103">of </span><span class="pp-class-382 pa t46135 l35327 ls1244">heavy </span><span class="pp-class-382 pa t46135 l46139 ls819">industrial </span><span class="pp-class-382 pa t46135 l46140 ls2486">goods. </span><span class="pp-class-382 pa t46135 l46141 ls1099">The </span><span class="pp-class-382 pa t46135 l38032 ls1323">main </span><span class="pp-class-382 pa t46135 l46142 ls1073">passenger </span><span class="pp-class-382 pa t46135 l46143 ls296">customer </span><span class="pp-class-382 pa t46135 l46144 ls7470">groups </span><span class="pp-class-382 pa t46135 l46145 ls800">are </span><span class="pp-class-382 pa t46146 l3 ls7694">passengers </span><span class="pp-class-382 pa t46146 l29592 ls7611">travelling </span><span class="pp-class-382 pa t46146 l40564 ls1150">with </span><span class="pp-class-382 pa t46146 l15698 ls185">own </span><span class="pp-class-382 pa t46146 l46147 ls3623">cars, </span><span class="pp-class-382 pa t46146 l36648 ls3105">and </span><span class="pp-class-382 pa t46146 l46148 ls4305">tour </span><span class="pp-class-382 pa t46146 l46149 ls2147">operators.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46150 l3 ls1073">Logistics </span><span class="pp-class-382 pa t46150 l46151 ls2694">Division </span><span class="pp-class-382 pa t46150 l46152 ls3377">provides </span><span class="pp-class-382 pa t46150 l46153 ls53">transport </span><span class="pp-class-382 pa t46150 l46154 ls3474">solutions </span><span class="pp-class-382 pa t46150 l46155 ls3278">for </span><span class="pp-class-382 pa t46150 l46156 ls1772">full- </span><span class="pp-class-382 pa t46150 l46157 ls858">and </span><span class="pp-class-382 pa t46150 l46158 ls658">part </span><span class="pp-class-382 pa t46150 l46159 ls1772">loads </span><span class="pp-class-382 pa t46150 l46160 ls1080">as </span><span class="pp-class-382 pa t46150 l46161 ls960">well </span><span class="pp-class-382 pa t46150 l46162 ls1080">as </span><span class="pp-class-382 pa t46150 l46163 ls800">contract </span><span class="pp-class-382 pa t46150 l46164 ls1073">logistics </span><span class="pp-class-382 pa t46150 l46165 ls1941">solutions, </span><span class="pp-class-382 pa t46166 l3 ls3474">including </span><span class="pp-class-382 pa t46166 l46167 ls2787">warehousing </span><span class="pp-class-382 pa t46166 l46168 ls858">and </span><span class="pp-class-382 pa t46166 l46169 ls53">transport </span><span class="pp-class-382 pa t46166 l46170 ls103">of </span><span class="pp-class-382 pa t46166 l46171 ls9967">frozen </span><span class="pp-class-382 pa t46166 l46172 ls6360">meat </span><span class="pp-class-382 pa t46166 l34793 ls858">and </span><span class="pp-class-382 pa t46166 l46173 ls1759">fish. </span><span class="pp-class-382 pa t46166 l46174 ls1099">The </span><span class="pp-class-382 pa t46166 l46175 ls296">customers </span><span class="pp-class-382 pa t46166 l46176 ls800">are </span><span class="pp-class-382 pa t46166 l46177 ls1974">primarily </span><span class="pp-class-382 pa t46166 l46178 ls1194">manufacturers </span><span class="pp-class-382 pa t46166 l24980 ls134">of </span><span class="pp-class-382 pa t46179 l3 ls819">industrial </span><span class="pp-class-382 pa t46179 l46180 ls1759">goods </span><span class="pp-class-382 pa t46179 l46181 ls858">and </span><span class="pp-class-382 pa t46179 l46182 ls1118">consumables </span><span class="pp-class-382 pa t46179 l46183 ls1080">as </span><span class="pp-class-382 pa t46179 l46184 ls960">well </span><span class="pp-class-382 pa t46179 l46185 ls1080">as </span><span class="pp-class-382 pa t46179 l46186 ls2944">retailers.</span></p></div></div><div id="pp-id-5092" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h46187 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46189"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46190"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41825 l3">DKK </span><span class="pp-class-372 pa t41825 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46192 ls910">Ferry </span><span class="pp-class-373 pa t41825 l46193">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46194">Logistics </span><span class="pp-class-373 pa t41825 l46195">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46196">Non- </span><span class="pp-class-373 pa t41825 l46197 ls278">allocated</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41825 l46198 ls3539 wtro3159 wtr1724 tro3160 tr1725">Eliminations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41825 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l3 ls982">External </span><span class="pp-class-372 pa t41833 l46199 ls1305">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l46200 ls9967">16,489</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l46201 ls214">13,253</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l46202">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l46203 ls4034">29,753</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l3 ls319">Intragroup </span><span class="pp-class-372 pa t46204 l46205 ls1305">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46206 ls88">1,369</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46207">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46208">836</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46209 ls203">-2,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46210 l3 ls2949">Total </span><span class="pp-class-372 pa t46210 l2950 ls246">Revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46210 l46211 ls39221">17,858</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46210 l46212 ls2842">13,348</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46210 l46213 ls2766">847</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46210 l46209 ls203">-2,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46210 l46203 ls4034">29,753</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46214 l3 ls93">Ferry </span><span class="pp-class-372 pa t46214 l9449">and </span><span class="pp-class-372 pa t46214 l19142 ls72">other </span><span class="pp-class-372 pa t46214 l42314">ship </span><span class="pp-class-372 pa t46214 l32710 ls110">operation </span><span class="pp-class-372 pa t46214 l42315">and </span><span class="pp-class-372 pa t46215 l3 ls842">maintenance</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46215 l46216 ls46217">5,773</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46215 l46218 ls134">387</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46215 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46215 l46220">-43</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46215 l46221 ls8634">6,117</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46222 l3 ls980">Port </span><span class="pp-class-372 pa t46222 l42320 ls982">terminal </span><span class="pp-class-372 pa t46222 l42321 ls110">operations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46222 l46223 ls13205">3,697</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46222 l46224 ls134">137</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46222 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46222 l46225">-19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46222 l46226 ls3123">3,814</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46227 l3 ls2142">Transport </span><span class="pp-class-372 pa t46227 l40530">and </span><span class="pp-class-372 pa t46227 l46228 ls897">warehouse </span><span class="pp-class-372 pa t46227 l46229 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46227 l46230">692</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46227 l46231 ls103">8,122</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46227 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46227 l46232 ls1264">-1,218</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46227 l46233 ls3233">7,596</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46234 l3 ls16">Employee </span><span class="pp-class-372 pa t46234 l8481">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46234 l46235 ls103">2,899</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46234 l46236 ls728">2,910</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46234 l46237">563</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46234 l46238 ls278">-10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46234 l42318 ls2401">6,361</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46239 l3">Cost </span><span class="pp-class-372 pa t46239 l42333 ls287">of </span><span class="pp-class-372 pa t46239 l34502">sales, </span><span class="pp-class-372 pa t46239 l30915 ls671">general </span><span class="pp-class-372 pa t46239 l42334">and </span><span class="pp-class-372 pa t46239 l8839 ls884">administration</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46239 l46240">1,284</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46239 l46241 ls728">756</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46239 l46242">393</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46239 l46243 ls858">-1,009</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46239 l46244 ls1101">1,424</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46245 l3 ls134">Operating </span><span class="pp-class-373 pa t46245 l42338 ls287">profit </span><span class="pp-class-373 pa t46245 l13972 ls332">before </span><span class="pp-class-373 pa t46245 l42339 ls854">depreciation </span><span class="pp-class-373 pa t46245 l42340">and </span><span class="pp-class-373 pa t46246 l3 ls90">amortisation </span><span class="pp-class-373 pa t46246 l18177 ls138">(EBITDA) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46246 l46247 ls4305">3,514</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46246 l46248 ls99">1,036</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46246 l46249 ls150">-109</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46246 l46250 ls81">4,440</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46251 l3 ls1057 wtro3159 wtr1293 tro3160 tr1294">Operating </span><span class="pp-class-373 pa t46251 l46252 ls1194 wtro3159 wtr1293 tro3160 tr1294">profit </span><span class="pp-class-373 pa t46251 l46253 ls2459 wtro3159 wtr1293 tro3160 tr1294">before </span><span class="pp-class-373 pa t46251 l46254 ls2671 wtro3159 wtr1293 tro3160 tr1294">amortisation </span><span class="pp-class-373 pa t46251 l46255 ls2960 wtro3159 wtr1293 tro3160 tr1294">(EBITA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46251 l46256 ls650">1,578</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46251 l46257">282</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46251 l46258 ls1005">-145</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46251 l46259 ls9827">1,716</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46260 l3 ls134">Operating </span><span class="pp-class-373 pa t46260 l42338 ls287">profit </span><span class="pp-class-373 pa t46260 l13972">(EBIT)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46260 l46261 ls1733">1,525</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46260 l46262">200</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46260 l46263">-219</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46260 l46264 ls1733">1,506</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46265 l3 ls287">Profit </span><span class="pp-class-373 pa t46265 l42390 ls332">before </span><span class="pp-class-373 pa t46265 l42391 ls128">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46265 l46266">683</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46267 l3 ls287">Profit </span><span class="pp-class-373 pa t46267 l42390 ls175">for </span><span class="pp-class-373 pa t46267 l42400">the </span><span class="pp-class-373 pa t46267 l42401 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46267 l45479">541</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46268 l3 ls96">Capital </span><span class="pp-class-372 pa t46268 l46269 ls16">expenditures </span><span class="pp-class-372 pa t46268 l46270 ls287">of </span><span class="pp-class-372 pa t46268 l46271">the </span><span class="pp-class-372 pa t46268 l46272 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46268 l46273 ls88">2,303</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46268 l46274 ls1073">2,941</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46268 l46275">99</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46268 l45460 ls2401">5,343</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46276 l3 ls2949">Total </span><span class="pp-class-372 pa t46276 l2950 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46276 l46277 ls11799">25,057</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46276 l46278 ls214">12,888</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46276 l46279 ls99">1,337</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46276 l46280 ls1772">39,281</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46281 l3">Liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46281 l46282 ls3216">9,331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46281 l46283 ls1073">5,151</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46281 l46284 ls4343">10,910</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46281 l46285 ls1148">25,392</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5093" xmlns="http://www.w3.org/1999/xhtml"><div class="w737 h46287 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">2.1 </span><span class="pp-class-370 pa t21055 l43638 ls96">Segment </span><span class="pp-class-370 pa t21055 l45928 ls182">information </span><span class="pp-class-371 pa t21055 l46288"/><span class="pp-class-371 pa t21055 l46289 ls155">(continued)</span></p></div></div><div id="pp-id-5094" xmlns="http://www.w3.org/1999/xhtml"><div class="w46290 h46291 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46292 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46292 l46189"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46292 l46190"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46292 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46293">2023</span><span class="pp-class-374 pa t45835 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41825 l3">DKK </span><span class="pp-class-372 pa t41825 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46192 ls910">Ferry </span><span class="pp-class-373 pa t41825 l46193">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46194">Logistics </span><span class="pp-class-373 pa t41825 l46195">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46196">Non- </span><span class="pp-class-373 pa t41825 l46197 ls278">allocated</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41825 l46198 ls3539 wtro3159 wtr1724 tro3160 tr1725">Eliminations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41825 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l3 ls982">External </span><span class="pp-class-372 pa t41833 l46199 ls1305">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l46295 ls1305">15,271</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l46296 ls858">12,008</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l46297">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l42311 ls8569">27,304</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46298 l3 ls319">Intragroup </span><span class="pp-class-372 pa t46298 l46205 ls1305">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46298 l46299">1,222</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46298 l46300">88</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46298 l46301 ls728">704</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46298 l46302 ls858">-2,013</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46298 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46303 l3 ls2949">Total </span><span class="pp-class-372 pa t46303 l2950 ls1305">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46303 l46304 ls9967">16,493</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46303 l46305 ls858">12,096</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46303 l46306 ls1080">729</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46303 l46302 ls858">-2,013</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46303 l42311 ls8569">27,304</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46307 l3 ls93">Ferry </span><span class="pp-class-372 pa t46307 l9449">and </span><span class="pp-class-372 pa t46307 l19142 ls72">other </span><span class="pp-class-372 pa t46307 l42314">ship </span><span class="pp-class-372 pa t46307 l32710 ls110">operation </span><span class="pp-class-372 pa t46307 l42315">and </span><span class="pp-class-372 pa t46308 l3 ls842">maintenance</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46308 l46309 ls1073">5,265</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46308 l31687">344</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46308 l46310">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46308 l46311 ls78">-18</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46308 l46312 ls3216">5,596</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46313 l3 ls980">Port </span><span class="pp-class-372 pa t46313 l42320 ls982">terminal </span><span class="pp-class-372 pa t46313 l42321 ls110">operations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46313 l46314 ls103">3,152</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46313 l46315">132</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46313 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46313 l46317">-20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46313 l42323 ls103">3,263</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46318 l3 ls2142">Transport </span><span class="pp-class-372 pa t46318 l40530">and </span><span class="pp-class-372 pa t46318 l46228 ls897">warehouse </span><span class="pp-class-372 pa t46318 l46229 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46318 l46319">699</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46318 l46320 ls3387">7,206</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46318 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46318 l46321">-1,129</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46318 l42328 ls38921">6,776</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46322 l3 ls16">Employee </span><span class="pp-class-372 pa t46322 l8481">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46322 l46323 ls1073">2,603</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46322 l46324 ls1298">2,481</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46322 l46325">501</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46322 l46326">-13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46322 l42331 ls23508">5,572</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46327 l3">Cost </span><span class="pp-class-372 pa t46327 l42333 ls287">of </span><span class="pp-class-372 pa t46327 l34502">sales, </span><span class="pp-class-372 pa t46327 l30915 ls671">general </span><span class="pp-class-372 pa t46327 l42334">and </span><span class="pp-class-372 pa t46327 l8839 ls884">administration</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46327 l46328">965</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46327 l46329 ls728">706</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46327 l46330">369</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46327 l46331">-834</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46327 l42336">1,206</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46332 l3 ls134">Operating </span><span class="pp-class-373 pa t46332 l42338 ls287">profit </span><span class="pp-class-373 pa t46332 l13972 ls332">before </span><span class="pp-class-373 pa t46332 l42339 ls854">depreciation </span><span class="pp-class-373 pa t46332 l42340">and </span><span class="pp-class-373 pa t46333 l3 ls90">amortisation </span><span class="pp-class-373 pa t46333 l18177 ls138">(EBITDA) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46333 l46334 ls830">3,808</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46333 l46335">1,228</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46333 l46336 ls1005">-146</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46333 l42344 ls978">4,890</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46337 l3 ls1057 wtro3159 wtr1293 tro3160 tr1294">Operating </span><span class="pp-class-373 pa t46337 l46252 ls1194 wtro3159 wtr1293 tro3160 tr1294">profit </span><span class="pp-class-373 pa t46337 l46253 ls2459 wtro3159 wtr1293 tro3160 tr1294">before </span><span class="pp-class-373 pa t46337 l46254 ls2671 wtro3159 wtr1293 tro3160 tr1294">amortisation </span><span class="pp-class-373 pa t46337 l46255 ls2960 wtro3159 wtr1293 tro3160 tr1294">(EBITA)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46337 l46338">2,136</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46337 l46339">555</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46337 l46340 ls180">-187</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46337 l41824 ls1733">2,504</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46341 l3 ls134">Operating </span><span class="pp-class-373 pa t46341 l42338 ls287">profit </span><span class="pp-class-373 pa t46341 l13972">(EBIT)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46341 l46342 ls99">2,098</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46341 l46343">469</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46341 l46344 ls332">-242</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46341 l42382 ls884">2,326</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46345 l3 ls287">Profit </span><span class="pp-class-373 pa t46345 l42390 ls332">before </span><span class="pp-class-373 pa t46345 l42391 ls128">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46345 l42393 ls688">1,667</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30456 l3 ls287">Profit </span><span class="pp-class-373 pa t30456 l42390 ls175">for </span><span class="pp-class-373 pa t30456 l42400">the </span><span class="pp-class-373 pa t30456 l42401 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30456 l42403 ls1733">1,519</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46346 l3 ls96">Capital </span><span class="pp-class-372 pa t46346 l46269 ls16">expenditures </span><span class="pp-class-372 pa t46346 l46270 ls287">of </span><span class="pp-class-372 pa t46346 l46271">the </span><span class="pp-class-372 pa t46346 l46272 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46346 l46347 ls150">1,189</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46346 l46348 ls1073">1,639</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46346 l46297 ls274">87</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46346 l46349 ls1073">2,915</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46350 l3 ls2949">Total </span><span class="pp-class-372 pa t46350 l2950 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46350 l46351 ls278">24,265</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46350 l46352 ls3036">9,084</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46350 l46353">1,298</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46350 l46354 ls1314">34,647</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46355 l3">Liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46355 l46356">12,208</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46355 l46357 ls103">3,138</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46355 l25751 ls2401">5,369</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46355 l46358 ls31420">20,715</span></p></td></tr></table></div></div><div id="pp-id-5095" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h46359 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t328 l3 ls3278">Geographical </span><span class="pp-class-383 pa t328 l46360 ls1742">breakdown</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30568 l3 ls858">The </span><span class="pp-class-382 pa t30568 l16631 ls2784">Group </span><span class="pp-class-382 pa t30568 l4002 ls1323">does </span><span class="pp-class-382 pa t30568 l46361 ls830">not </span><span class="pp-class-382 pa t30568 l46362 ls185">have </span><span class="pp-class-382 pa t30568 l46363 ls302">a </span><span class="pp-class-382 pa t30568 l46364 ls7094">natural </span><span class="pp-class-382 pa t30568 l46365 ls2970">geographic </span><span class="pp-class-382 pa t30568 l46366 ls1759">split </span><span class="pp-class-382 pa t30568 l46367 ls1080">on </span><span class="pp-class-382 pa t30568 l46368 ls1319">countries </span><span class="pp-class-382 pa t30568 l46369 ls1759">since </span><span class="pp-class-382 pa t30568 l46370 ls1080">it </span><span class="pp-class-382 pa t30568 l20894 ls2145">operates </span><span class="pp-class-382 pa t30568 l46371 ls4305">routes </span><span class="pp-class-382 pa t30568 l46372 ls1271">connecting </span><span class="pp-class-382 pa t30568 l46373 ls1083">Europe </span><span class="pp-class-382 pa t30568 l46374 ls302">to </span><span class="pp-class-382 pa t30575 l3 ls3003">Türkiye </span><span class="pp-class-382 pa t30575 l46375 ls858">and </span><span class="pp-class-382 pa t30575 l46376 ls858">northern </span><span class="pp-class-382 pa t30575 l46377 ls1305">Africa. </span><span class="pp-class-382 pa t30575 l46378 ls858">The </span><span class="pp-class-382 pa t30575 l46379 ls4305">routes </span><span class="pp-class-382 pa t30575 l46380 ls1110">support </span><span class="pp-class-382 pa t30575 l46381 ls1772">each </span><span class="pp-class-382 pa t30575 l46382 ls296">other </span><span class="pp-class-382 pa t30575 l46383 ls1323">with </span><span class="pp-class-382 pa t30575 l46384 ls1759">sales </span><span class="pp-class-382 pa t30575 l46385 ls858">and </span><span class="pp-class-382 pa t30575 l46386 ls296">customer </span><span class="pp-class-382 pa t30575 l46387 ls1099">services </span><span class="pp-class-382 pa t30575 l46388 ls2970">located </span><span class="pp-class-382 pa t30575 l46389 ls1080">in </span><span class="pp-class-382 pa t30575 l46390 ls302">one </span><span class="pp-class-382 pa t30583 l3 ls56">country </span><span class="pp-class-382 pa t30583 l16550 ls1150">whereas </span><span class="pp-class-382 pa t30583 l44594 ls858">the </span><span class="pp-class-382 pa t30583 l46391 ls728">actual </span><span class="pp-class-382 pa t30583 l46392 ls2143">revenue </span><span class="pp-class-382 pa t30583 l46393 ls1080">is </span><span class="pp-class-382 pa t30583 l46394 ls3458">created </span><span class="pp-class-382 pa t30583 l46395 ls1080">in </span><span class="pp-class-382 pa t30583 l46396 ls296">other </span><span class="pp-class-382 pa t30583 l46397 ls806">countries. </span><span class="pp-class-382 pa t30583 l46398 ls6791">Consequently, </span><span class="pp-class-382 pa t30583 l46399 ls1080">it </span><span class="pp-class-382 pa t30583 l46400 ls1080">is </span><span class="pp-class-382 pa t30583 l46401 ls830">not </span><span class="pp-class-382 pa t30583 l46402 ls2694">possible </span><span class="pp-class-382 pa t30583 l46403 ls1759">to </span><span class="pp-class-382 pa t30583 l46404 ls852">present </span><span class="pp-class-382 pa t30583 l46405 ls12">a </span><span class="pp-class-382 pa t30588 l3 ls819">meaningful </span><span class="pp-class-382 pa t30588 l46406 ls1759">split </span><span class="pp-class-382 pa t30588 l13157 ls103">of </span><span class="pp-class-382 pa t30588 l46407 ls185">revenues </span><span class="pp-class-382 pa t30588 l46408 ls858">and </span><span class="pp-class-382 pa t30588 l46409 ls1101">non-current </span><span class="pp-class-382 pa t30588 l46410 ls238">assets </span><span class="pp-class-382 pa t30588 l46411 ls2784">by </span><span class="pp-class-382 pa t30588 l46412 ls646">country. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30606 l3 ls858">The </span><span class="pp-class-382 pa t30606 l16631 ls1759">split </span><span class="pp-class-382 pa t30606 l3082 ls1080">is </span><span class="pp-class-382 pa t30606 l46413 ls715">therefore </span><span class="pp-class-382 pa t30606 l46414 ls852">presented </span><span class="pp-class-382 pa t30606 l46415 ls2784">by </span><span class="pp-class-382 pa t30606 l4222 ls1099">the </span><span class="pp-class-382 pa t30606 l46416 ls858">sea </span><span class="pp-class-382 pa t30606 l46417 ls858">and </span><span class="pp-class-382 pa t30606 l46418 ls3105">geographical </span><span class="pp-class-382 pa t30606 l46419 ls2784">areas </span><span class="pp-class-382 pa t30606 l46420 ls1080">in </span><span class="pp-class-382 pa t30606 l46421 ls1759">which </span><span class="pp-class-382 pa t30606 l46422 ls1323">DFDS </span><span class="pp-class-382 pa t30606 l46423 ls2944">operates. </span><span class="pp-class-382 pa t30615 l3 ls858">The </span><span class="pp-class-382 pa t30615 l16631 ls3105">geographical </span><span class="pp-class-382 pa t30615 l46051 ls1759">split </span><span class="pp-class-382 pa t30615 l46424 ls103">of </span><span class="pp-class-382 pa t30615 l46425 ls2143">revenue </span><span class="pp-class-382 pa t30615 l46426 ls1080">is </span><span class="pp-class-382 pa t30615 l46427 ls2142">shown </span><span class="pp-class-382 pa t30615 l46428 ls1080">in </span><span class="pp-class-382 pa t30615 l46429 ls858">the </span><span class="pp-class-382 pa t30615 l46430 ls2143">revenue </span><span class="pp-class-382 pa t30615 l46431 ls1244">note. </span><span class="pp-class-382 pa t30615 l46432 ls2944">Reference </span><span class="pp-class-382 pa t30615 l43953 ls1080">is </span><span class="pp-class-382 pa t30615 l46433 ls1772">made </span><span class="pp-class-382 pa t30615 l46434 ls1759">to </span><span class="pp-class-382 pa t30615 l46435 ls1859">note </span><a><span class="pp-class-382 pa t30615 l46436 ls1772">2.2</span></a><span class="pp-class-382 pa t30615 l46437 ls12">.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30628 l3 ls858">The </span><span class="pp-class-382 pa t30628 l16631 ls1237">applied </span><span class="pp-class-382 pa t30628 l46438 ls1759">split </span><span class="pp-class-382 pa t30628 l46439 ls2688">results </span><span class="pp-class-382 pa t30628 l46440 ls1080">in </span><span class="pp-class-382 pa t30628 l46441 ls858">six </span><span class="pp-class-382 pa t30628 l46442 ls3105">geographical </span><span class="pp-class-382 pa t30628 l46443 ls1083">areas: </span><span class="pp-class-382 pa t30628 l46444 ls155">North </span><span class="pp-class-382 pa t30628 l46445 ls897">Sea, </span><span class="pp-class-382 pa t30628 l46446 ls6360">Mediterranean, </span><span class="pp-class-382 pa t30628 l46447 ls53">Baltic </span><span class="pp-class-382 pa t30628 l46448 ls1099">and </span><span class="pp-class-382 pa t30628 l46449 ls2694">Channel, </span><span class="pp-class-382 pa t30628 l46450 ls1224">Continent, </span><span class="pp-class-382 pa t30634 l3 ls1083">Nordic </span><span class="pp-class-382 pa t30634 l46451 ls1099">and </span><span class="pp-class-382 pa t30634 l46452 ls2142">UK/Ireland. </span><span class="pp-class-382 pa t30634 l17516 ls1080">As </span><span class="pp-class-382 pa t30634 l46453 ls302">a </span><span class="pp-class-382 pa t30634 l46454 ls1118">consequence </span><span class="pp-class-382 pa t30634 l44329 ls103">of </span><span class="pp-class-382 pa t30634 l44330 ls1099">the </span><span class="pp-class-382 pa t30634 l27117 ls1015">Group’s </span><span class="pp-class-382 pa t30634 l46455 ls2694">business </span><span class="pp-class-382 pa t30634 l46456 ls2486">model, </span><span class="pp-class-382 pa t30634 l46457 ls858">the </span><span class="pp-class-382 pa t30634 l46458 ls4305">routes </span><span class="pp-class-382 pa t30634 l46459 ls1080">do </span><span class="pp-class-382 pa t30634 l46460 ls830">not </span><span class="pp-class-382 pa t30634 l46461 ls2143">directly </span><span class="pp-class-382 pa t30634 l46462 ls1150">own </span><span class="pp-class-382 pa t30634 l46463 ls302">the </span><span class="pp-class-382 pa t30807 l3 ls1321">ferries, </span><span class="pp-class-382 pa t30807 l46464 ls858">but </span><span class="pp-class-382 pa t30807 l40233 ls99">charter </span><span class="pp-class-382 pa t30807 l46465 ls858">the </span><span class="pp-class-382 pa t30807 l46466 ls2489">ferries </span><span class="pp-class-382 pa t30807 l46467 ls1243">from </span><span class="pp-class-382 pa t30807 l46468 ls302">a </span><span class="pp-class-382 pa t30807 l46469 ls2784">Group </span><span class="pp-class-382 pa t30807 l46470 ls4275">internal </span><span class="pp-class-382 pa t30807 l46471 ls2889">vessel </span><span class="pp-class-382 pa t30807 l46472 ls1080">pool. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30649 l3 ls858">The </span><span class="pp-class-382 pa t30649 l16631 ls2489">ferries </span><span class="pp-class-382 pa t30649 l30051 ls800">are </span><span class="pp-class-382 pa t30649 l46473 ls3630">frequently </span><span class="pp-class-382 pa t30649 l46474 ls646">moved </span><span class="pp-class-382 pa t30649 l22976 ls2486">within </span><span class="pp-class-382 pa t30649 l9563 ls858">the </span><span class="pp-class-382 pa t30649 l35776 ls1015">Group’s </span><span class="pp-class-382 pa t30649 l46475 ls6007">routes. </span><span class="pp-class-382 pa t30649 l46476 ls2088">Furthermore, </span><span class="pp-class-382 pa t30649 l46477 ls99">certain </span><span class="pp-class-382 pa t30649 l46478 ls1101">non-current </span><span class="pp-class-382 pa t30649 l46479 ls238">assets </span><span class="pp-class-382 pa t30649 l46480 ls1323">such </span><span class="pp-class-382 pa t30649 l46481 ls1080">as </span><span class="pp-class-382 pa t30649 l46482 ls14269">IT-</span><span class="pp-class-382 pa t30655 l3 ls3377">software </span><span class="pp-class-382 pa t30655 l46483 ls858">and </span><span class="pp-class-382 pa t30655 l19147 ls1319">headquarter </span><span class="pp-class-382 pa t30655 l46484 ls2142">owned </span><span class="pp-class-382 pa t30655 l46485 ls3377">corporate </span><span class="pp-class-382 pa t30655 l17653 ls238">assets </span><span class="pp-class-382 pa t30655 l46486 ls800">are </span><span class="pp-class-382 pa t30655 l46487 ls3278">for </span><span class="pp-class-382 pa t30655 l46488 ls1099">the </span><span class="pp-class-382 pa t30655 l46489 ls1305">benefit </span><span class="pp-class-382 pa t30655 l46490 ls3278">for </span><span class="pp-class-382 pa t30655 l46491 ls1099">the </span><span class="pp-class-382 pa t30655 l46492 ls2784">entire </span><span class="pp-class-382 pa t30655 l46493 ls2149">Group. </span><span class="pp-class-382 pa t30655 l46494 ls1080">It </span><span class="pp-class-382 pa t30655 l46495 ls1080">is </span><span class="pp-class-382 pa t30655 l46496 ls715">therefore </span><span class="pp-class-382 pa t30655 l46497 ls1298">not </span><span class="pp-class-382 pa t387 l3 ls2694">possible </span><span class="pp-class-382 pa t387 l46498 ls1759">to </span><span class="pp-class-382 pa t387 l46499 ls4299">meaningfully </span><span class="pp-class-382 pa t387 l46500 ls2142">estimate </span><span class="pp-class-382 pa t387 l46501 ls858">the </span><span class="pp-class-382 pa t387 l34083 ls14041">exact </span><span class="pp-class-382 pa t387 l46502 ls1083">value </span><span class="pp-class-382 pa t387 l46503 ls103">of </span><span class="pp-class-382 pa t387 l46504 ls858">the </span><span class="pp-class-382 pa t387 l46505 ls1101">non-current </span><span class="pp-class-382 pa t387 l46506 ls238">assets </span><span class="pp-class-382 pa t387 l46507 ls858">per </span><span class="pp-class-382 pa t387 l46508 ls3105">geographical </span><span class="pp-class-382 pa t387 l46509 ls1271">area. </span><span class="pp-class-382 pa t387 l46510 ls296">Instead, </span><span class="pp-class-382 pa t30670 l3 ls1080">an </span><span class="pp-class-382 pa t30670 l46511 ls688">allocation </span><span class="pp-class-382 pa t30670 l46512 ls858">has </span><span class="pp-class-382 pa t30670 l43483 ls1323">been </span><span class="pp-class-382 pa t30670 l46513 ls1323">used.</span></p></div></div><div id="pp-id-5096" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h46514 pa t2 l3 wtro4 xx65 tro6 xx66"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t2736 l3">DKK </span><span class="pp-class-372 pa t2736 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2738 l46515 ls910">North </span><span class="pp-class-373 pa t2736 l46516">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2738 l46517 ls258">Mediter-</span><span class="pp-class-373 pa t2736 l46518 ls112">ranean</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2736 l46519 ls138">Baltic </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2736 l46520">Channel</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2736 l46521 ls842">Continent</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2736 l46522 ls112">Nordic</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2738 l46523">UK/ </span><span class="pp-class-373 pa t2736 l46524 ls254">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2736 l46525 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2751 l3 ls332">2024</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19718 l3 ls171">Non-current </span><span class="pp-class-372 pa t19723 l3 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19723 l46526 ls23513">7,837</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19723 l46527 ls2489">12,507</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19723 l27690 ls103">2,853</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19723 l46528">2,132</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19723 l46529 ls5258">2,479</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19723 l46530 ls23129">1,780</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19723 l46531 ls1298">2,406</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t19723 l46532 ls124">31,996</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46533 l3">2023</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46534 l3 ls171">Non-current </span><span class="pp-class-372 pa t46535 l3 ls72">assets</span><span class="pp-class-374 pa t46536 l46537">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46535 l46538 ls682">8,517</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46535 l46539 ls38921">8,709</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46535 l46540 ls1073">2,662</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46535 l46541 ls99">2,371</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46535 l46542 ls1298">2,425</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46535 l46543 ls10676">1,714</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46535 l46544">2,293</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46535 l46545 ls53">28,691</span></p></td></tr></table></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5097" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h46546 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls1118">segment </span><span class="pp-class-382 pa t29793 l44518 ls1148">information </span><span class="pp-class-382 pa t29793 l46547 ls858">has </span><span class="pp-class-382 pa t29793 l46548 ls1323">been </span><span class="pp-class-382 pa t29793 l46549 ls2694">compiled </span><span class="pp-class-382 pa t29793 l46550 ls1080">in </span><span class="pp-class-382 pa t29793 l46551 ls3477">conformity </span><span class="pp-class-382 pa t29793 l46552 ls1323">with </span><span class="pp-class-382 pa t29793 l46553 ls1099">the </span><span class="pp-class-382 pa t29793 l46554 ls1015">Group’s </span><span class="pp-class-382 pa t29793 l46555 ls53">accounting </span><span class="pp-class-382 pa t29793 l46556 ls2694">policies </span><span class="pp-class-382 pa t29793 l46557 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls1080">is </span><span class="pp-class-382 pa t29798 l46558 ls1080">in </span><span class="pp-class-382 pa t29798 l46559 ls852">accordance </span><span class="pp-class-382 pa t29798 l17690 ls1323">with </span><span class="pp-class-382 pa t29798 l17658 ls858">the </span><span class="pp-class-382 pa t29798 l46560 ls4275">internal </span><span class="pp-class-382 pa t29798 l46561 ls53">management </span><span class="pp-class-382 pa t29798 l17622 ls1859">reports.</span></p></div></div><div id="pp-id-4993" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h42570 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls4299">Restated </span><span class="pp-class-376 pa t3433 l9566 ls3278">for </span><span class="pp-class-376 pa t3433 l42580 ls1237">changes </span><span class="pp-class-376 pa t3433 l42581 ls278">in </span><span class="pp-class-376 pa t3439 l3 ls53">accounting </span><span class="pp-class-376 pa t3439 l11953 ls2949">policy, </span><span class="pp-class-376 pa t3439 l42582 ls4305">refer </span><span class="pp-class-376 pa t3445 l3 ls1759">to </span><span class="pp-class-376 pa t3445 l29588 ls1859">note </span><span class="pp-class-376 pa t3445 l42583 ls858">1.2.</span></p></div></div> <div class="pp-class-363 pp-class-395" id="pp-id-5097" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h46546 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls1118">segment </span><span class="pp-class-382 pa t29793 l44518 ls1148">information </span><span class="pp-class-382 pa t29793 l46547 ls858">has </span><span class="pp-class-382 pa t29793 l46548 ls1323">been </span><span class="pp-class-382 pa t29793 l46549 ls2694">compiled </span><span class="pp-class-382 pa t29793 l46550 ls1080">in </span><span class="pp-class-382 pa t29793 l46551 ls3477">conformity </span><span class="pp-class-382 pa t29793 l46552 ls1323">with </span><span class="pp-class-382 pa t29793 l46553 ls1099">the </span><span class="pp-class-382 pa t29793 l46554 ls1015">Group’s </span><span class="pp-class-382 pa t29793 l46555 ls53">accounting </span><span class="pp-class-382 pa t29793 l46556 ls2694">policies </span><span class="pp-class-382 pa t29793 l46557 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls1080">is </span><span class="pp-class-382 pa t29798 l46558 ls1080">in </span><span class="pp-class-382 pa t29798 l46559 ls852">accordance </span><span class="pp-class-382 pa t29798 l17690 ls1323">with </span><span class="pp-class-382 pa t29798 l17658 ls858">the </span><span class="pp-class-382 pa t29798 l46560 ls4275">internal </span><span class="pp-class-382 pa t29798 l46561 ls53">management </span><span class="pp-class-382 pa t29798 l17622 ls1859">reports.</span></p></div></div> <div class="pp-class-10" id="pp-id-5098" xmlns="http://www.w3.org/1999/xhtml"><div class="w43636 h45378 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">2.2 </span><span class="pp-class-370 pa t21055 l43638 ls960">Revenue</span></p></div></div><div id="pp-id-5099" xmlns="http://www.w3.org/1999/xhtml"><div class="w46290 h46562 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46563"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46564"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46565"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41825 l3">DKK </span><span class="pp-class-372 pa t41825 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46566 ls910">Ferry </span><span class="pp-class-373 pa t41825 l46567">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46568">Logistics </span><span class="pp-class-373 pa t41825 l46569">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46570">Non- </span><span class="pp-class-373 pa t41825 l46571 ls278">allocated</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41825 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41833 l3 ls175">Geographical </span><span class="pp-class-373 pa t41833 l43902 ls2835">markets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l3 ls3618">North </span><span class="pp-class-372 pa t46204 l9390">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46572 ls185">5,425</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46575 ls185">5,425</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l3 ls171">Mediterranean</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46577 ls23516">5,787</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46578">358</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46579 ls852">6,145</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l3 ls166">Baltic </span><span class="pp-class-372 pa t46580 l9427">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46581 ls16">1,245</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46582 ls16">1,245</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l3">Channel</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46584 ls1073">4,032</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46585 ls1073">4,032</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l3 ls842">Continent</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46588 ls1073">4,912</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46582 ls1073">4,912</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l3 ls110">Nordic</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46590 ls128">4,101</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46591 ls128">4,101</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l3 ls241">UK/Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46593 ls800">3,883</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l42606 ls800">3,883</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l3">Other</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46595">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46596">11</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46598 ls1077">16,489</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46599 ls225">13,253</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46600">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46601 ls16064">29,753</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46602 l3 ls128">Product </span><span class="pp-class-373 pa t46602 l46603">and </span><span class="pp-class-373 pa t46602 l46604 ls1531">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l3 ls138">Seafreight </span><span class="pp-class-372 pa t46605 l30466">and </span><span class="pp-class-372 pa t46605 l46606">shipping </span><span class="pp-class-372 pa t46605 l46607">logistics </span><span class="pp-class-372 pa t46605 l46608 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46609 ls11799">10,046</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46610 ls11799">10,046</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l3 ls2142">Transport </span><span class="pp-class-372 pa t46611 l40530 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46612 ls1080">624</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46613 ls214">12,891</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46614 ls4305">13,515</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l3 ls45">Passenger </span><span class="pp-class-372 pa t46615 l46616 ls230">seafare </span><span class="pp-class-372 pa t46615 l46617">and </span><span class="pp-class-372 pa t46615 l36930 ls671">onboard </span><span class="pp-class-372 pa t46615 l46618">sales</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46619 ls44116">4,574</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l42328 ls44116">4,574</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l3 ls2854">Terminal </span><span class="pp-class-372 pa t46620 l46621 ls1227">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46622">591</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46623">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46624">598</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l3 ls207">Charters </span><span class="pp-class-372 pa t46625 l43972 ls96">including </span><span class="pp-class-372 pa t46625 l27630 ls1955">related </span><span class="pp-class-372 pa t46625 l46626">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46627">448</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46628">448</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l3 ls182">Agency </span><span class="pp-class-372 pa t46629 l46630">and </span><span class="pp-class-372 pa t46629 l40695 ls72">other </span><span class="pp-class-372 pa t46629 l46631 ls1305">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46632">205</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l43764">355</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46595">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46633 ls1759">571</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46598 ls1077">16,489</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46599 ls225">13,253</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46600">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46601 ls16064">29,753</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t46635 l3 ls124">Revenue </span><span class="pp-class-372 pa t46635 l3098 ls842">includes </span><span class="pp-class-372 pa t46635 l32655 ls99">revenue </span><span class="pp-class-372 pa t46635 l46636 ls171">recognised </span><span class="pp-class-372 pa t46635 l46637 ls931">from </span><span class="pp-class-372 pa t46635 l46638 ls978">contracts </span><span class="pp-class-372 pa t46635 l46639">with </span><span class="pp-class-372 pa t46635 l46640 ls907">customers </span><span class="pp-class-372 pa t46635 l44766">in </span><span class="pp-class-372 pa t46635 l46641 ls278">accordance </span><span class="pp-class-372 pa t46635 l46642 ls12">with </span><span class="pp-class-372 pa t46635 l46643 ls105">IFRS </span><span class="pp-class-372 pa t46635 l46644 ls12">15 </span><span class="pp-class-372 pa t46635 l46645 ls12">and </span><span class="pp-class-372 pa t46635 l46646 ls72">other </span><span class="pp-class-372 pa t46647 l3 ls99">revenue </span><span class="pp-class-372 pa t46647 l9818">(leasing </span><span class="pp-class-372 pa t46647 l46648 ls128">activities). </span><span class="pp-class-372 pa t46647 l46649 ls124">Revenue </span><span class="pp-class-372 pa t46647 l43828 ls931">from </span><span class="pp-class-372 pa t46647 l46650">leasing </span><span class="pp-class-372 pa t46647 l46651 ls704">activities </span><span class="pp-class-372 pa t46647 l45269 ls105">amounts </span><span class="pp-class-372 pa t46647 l46652 ls166">to </span><span class="pp-class-372 pa t46647 l46653">DKK </span><span class="pp-class-372 pa t46647 l46654 ls2805">476m </span><span class="pp-class-372 pa t46647 l46655 ls12">(2023: </span><span class="pp-class-372 pa t46647 l43140">DKK </span><span class="pp-class-372 pa t46647 l46656">405m). </span><span class="pp-class-372 pa t46657 l3 ls671">Onboard </span><span class="pp-class-372 pa t46657 l46658">sales </span><span class="pp-class-372 pa t46657 l46659 ls105">amounts </span><span class="pp-class-372 pa t46657 l46660 ls166">to </span><span class="pp-class-372 pa t46657 l46661">DKK </span><span class="pp-class-372 pa t46657 l46662 ls58">1,916m </span><span class="pp-class-372 pa t46657 l46663">(2023: </span><span class="pp-class-372 pa t46657 l46664">DKK </span><span class="pp-class-372 pa t46657 l46665 ls88">1,656m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t46666 l3 ls1015">Typically, </span><span class="pp-class-372 pa t46666 l46667 ls78">payment </span><span class="pp-class-372 pa t46666 l46668">is </span><span class="pp-class-372 pa t46666 l46669">due </span><span class="pp-class-372 pa t46666 l46670">upon </span><span class="pp-class-372 pa t46666 l46671">or </span><span class="pp-class-372 pa t46666 l46672 ls112">after </span><span class="pp-class-372 pa t46666 l26293 ls96">completion </span><span class="pp-class-372 pa t46666 l46673 ls287">of </span><span class="pp-class-372 pa t46666 l46674">the </span><span class="pp-class-372 pa t46666 l46675 ls2554">services </span><span class="pp-class-372 pa t46666 l46676">in </span><span class="pp-class-372 pa t46666 l46677">the </span><span class="pp-class-372 pa t46666 l46678">Logistics </span><span class="pp-class-372 pa t46666 l46679">division </span><span class="pp-class-372 pa t46666 l46680 ls12">and </span><span class="pp-class-372 pa t46666 l46681 ls2835">at </span><span class="pp-class-372 pa t46666 l46682 ls12">the </span><span class="pp-class-372 pa t46666 l46683 ls2554">start </span><span class="pp-class-372 pa t46666 l46684 ls287">of </span><span class="pp-class-372 pa t46685 l3">the </span><span class="pp-class-372 pa t46685 l16246 ls1005">journey </span><span class="pp-class-372 pa t46685 l34007">in </span><span class="pp-class-372 pa t46685 l46686">the </span><span class="pp-class-372 pa t46685 l46687 ls93">Ferry </span><span class="pp-class-372 pa t46685 l11103">division. </span></p></div></div><div id="pp-id-5100" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h46688 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46563"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46564"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46565"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41825 l3">DKK </span><span class="pp-class-372 pa t41825 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46566 ls910">Ferry </span><span class="pp-class-373 pa t41825 l46567">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46568">Logistics </span><span class="pp-class-373 pa t41825 l46569">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46570">Non- </span><span class="pp-class-373 pa t41825 l46571 ls278">allocated</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41825 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41833 l3 ls175">Geographical </span><span class="pp-class-373 pa t41833 l43902 ls2835">markets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41833 l42455"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l3 ls3618">North </span><span class="pp-class-372 pa t46204 l9390">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46690 ls23516">5,700</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46691 ls23516">5,700</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l3 ls171">Mediterranean</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46692 ls4305">4,624</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46693 ls4305">4,624</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l3 ls166">Baltic </span><span class="pp-class-372 pa t46580 l9427">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46694">1,256</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46695">1,256</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l3">Channel</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46581 ls2955">3,691</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46582 ls2955">3,691</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l3 ls842">Continent</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46696 ls103">4,844</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46697 ls103">4,844</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l3 ls110">Nordic</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46698 ls712">3,857</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46699 ls712">3,857</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l3 ls241">UK/Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46700 ls6007">3,308</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46701 ls6007">3,308</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l3">Other</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46702">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46703">25</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46704 ls302">15,271</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46705 ls85">12,008</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46706">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l42159 ls17063">27,304</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46602 l3 ls128">Product </span><span class="pp-class-373 pa t46602 l46603">and </span><span class="pp-class-373 pa t46602 l46604 ls1531">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l3 ls138">Seafreight </span><span class="pp-class-372 pa t46605 l30466">and </span><span class="pp-class-372 pa t46605 l46606">shipping </span><span class="pp-class-372 pa t46605 l46607">logistics </span><span class="pp-class-372 pa t46605 l46608 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46707 ls3036">9,939</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46708">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46709 ls3036">9,940</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l3 ls2142">Transport </span><span class="pp-class-372 pa t46611 l40530 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46710 ls728">705</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46711 ls858">11,691</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46712 ls203">12,396</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l3 ls45">Passenger </span><span class="pp-class-372 pa t46615 l46616 ls230">seafare </span><span class="pp-class-372 pa t46615 l46617">and </span><span class="pp-class-372 pa t46615 l36930 ls671">onboard </span><span class="pp-class-372 pa t46615 l46618">sales</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46713 ls2138">3,568</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46714 ls2138">3,567</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l3 ls2854">Terminal </span><span class="pp-class-372 pa t46620 l46621 ls1227">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46715">588</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46623">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46716">595</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l3 ls207">Charters </span><span class="pp-class-372 pa t46625 l43972 ls96">including </span><span class="pp-class-372 pa t46625 l27630 ls1955">related </span><span class="pp-class-372 pa t46625 l46626">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46717">363</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46718">363</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l3 ls182">Agency </span><span class="pp-class-372 pa t46629 l46630">and </span><span class="pp-class-372 pa t46629 l40695 ls72">other </span><span class="pp-class-372 pa t46629 l46631 ls1305">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46719 ls278">108</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46720 ls278">310</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46702">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46721">442</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46704 ls302">15,271</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46705 ls85">12,008</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46706">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l42159 ls17063">27,304</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5102" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h46722 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">2.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">Revenue </span><span class="pp-class-371 pa t21055 l46723"/><span class="pp-class-371 pa t21055 l46724 ls155">(continued)</span></p><div class="pp-class-363 pp-class-395" id="pp-id-5101"><div class="w37231 h46725 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46726 l3 ls10809 wtro3159 wtr1724 tro3160 tr1725">Revenue </span><span class="pp-class-382 pa t46726 l46727 ls9827 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46726 l46728 ls3158 wtro3159 wtr1724 tro3160 tr1725">transport </span><span class="pp-class-382 pa t46726 l46729 ls4305 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46726 l46730 ls3123 wtro3159 wtr1724 tro3160 tr1725">passengers, </span><span class="pp-class-382 pa t46726 l46731 ls3190 wtro3159 wtr1724 tro3160 tr1725">freight </span><span class="pp-class-382 pa t46726 l46732 ls2145 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46726 l46733 ls9827 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46726 l46734 ls1734 wtro3159 wtr1724 tro3160 tr1725">rendering </span><span class="pp-class-382 pa t46726 l46735 ls195 wtro3159 wtr1724 tro3160 tr1725">terminal </span><span class="pp-class-382 pa t46726 l46736 ls2145 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46726 l46737 ls3446 wtro3159 wtr1724 tro3160 tr1725">warehouse </span><span class="pp-class-382 pa t46726 l46738 ls1945 wtro3159 wtr1724 tro3160 tr1725">services </span><span class="pp-class-382 pa t46726 l46739 ls3362 wtro3159 wtr1724 tro3160 tr1725">etc., </span><span class="pp-class-382 pa t46726 l46740 ls1065 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46741 l3 ls1314 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t46741 l46742 ls1150 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t46741 l27985 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46743 ls1864 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t46741 l46744 ls719 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t46741 l46745 ls10900 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t46741 l46746 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46747 ls864 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t46741 l46748 ls1083 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46741 l46749 ls3230 wtro3159 wtr1724 tro3160 tr1725">delivery </span><span class="pp-class-382 pa t46741 l46750 ls1083 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46741 l46751 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46752 ls2145 wtro3159 wtr1724 tro3160 tr1725">service </span><span class="pp-class-382 pa t46741 l46753 ls2531 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t46741 l46754 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46755 ls14556 wtro3159 wtr1724 tro3160 tr1725">customer, </span><span class="pp-class-382 pa t46741 l46756 ls650 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t46741 l46757 ls1150 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46741 l46758 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46759 ls1101 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t46760 l3 ls3362 wtro3159 wtr1724 tro3160 tr1725">where </span><span class="pp-class-382 pa t46760 l4459 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46760 l46761 ls1722 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t46760 l46762 ls1150 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46760 l46763 ls21295 wtro3159 wtr1724 tro3160 tr1725">transferred </span><span class="pp-class-382 pa t46760 l46764 ls2688 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46760 l46765 ls864 wtro3159 wtr1724 tro3160 tr1725">when </span><span class="pp-class-382 pa t46760 l46766 ls1535 wtro3159 wtr1724 tro3160 tr1725">each </span><span class="pp-class-382 pa t46760 l46767 ls1952 wtro3159 wtr1724 tro3160 tr1725">separate </span><span class="pp-class-382 pa t46760 l46768 ls3123 wtro3159 wtr1724 tro3160 tr1725">performance </span><span class="pp-class-382 pa t46760 l46769 ls1085 wtro3159 wtr1724 tro3160 tr1725">obligation </span><span class="pp-class-382 pa t46760 l46770 ls1150 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t46760 l46771 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46760 l46772 ls7470 wtro3159 wtr1724 tro3160 tr1725">customer </span><span class="pp-class-382 pa t46760 l46773 ls46774 wtro3159 wtr1724 tro3160 tr1725">contract </span><span class="pp-class-382 pa t46775 l3 ls128 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46775 l46776 ls16 wtro3159 wtr1724 tro3160 tr1725">fulfilled </span><span class="pp-class-382 pa t46775 l46777 ls88 wtro3159 wtr1724 tro3160 tr1725">following </span><span class="pp-class-382 pa t46775 l46778 ls1005 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46775 l46779 ls296 wtro3159 wtr1724 tro3160 tr1725">“over-time </span><span class="pp-class-382 pa t46775 l46780 ls800 wtro3159 wtr1724 tro3160 tr1725">principle”. </span><span class="pp-class-382 pa t46775 l46781 ls171 wtro3159 wtr1724 tro3160 tr1725">Some </span><span class="pp-class-382 pa t46775 l46782 ls913 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46775 l46783 ls1005 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46775 l46784 ls913 wtro3159 wtr1724 tro3160 tr1725">ferry </span><span class="pp-class-382 pa t46775 l46785 ls1005 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46775 l46786 ls34 wtro3159 wtr1724 tro3160 tr1725">freight </span><span class="pp-class-382 pa t46775 l46787 ls168 wtro3159 wtr1724 tro3160 tr1725">transports </span><span class="pp-class-382 pa t46775 l46788 ls3278 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t46775 l46789 ls1264 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t46775 l46790 ls76 wtro3159 wtr1724 tro3160 tr1725">series </span><span class="pp-class-382 pa t46775 l46791 ls193 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46792 l3 ls1321 wtro3159 wtr1724 tro3160 tr1725">performance </span><span class="pp-class-382 pa t46792 l46793 ls2113 wtro3159 wtr1724 tro3160 tr1725">obligations, </span><span class="pp-class-382 pa t46792 l46794 ls1099 wtro3159 wtr1724 tro3160 tr1725">but </span><span class="pp-class-382 pa t46792 l46795 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t46792 l46796 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46792 l46797 ls2531 wtro3159 wtr1724 tro3160 tr1725">duration </span><span class="pp-class-382 pa t46792 l46798 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46792 l46799 ls1759 wtro3159 wtr1724 tro3160 tr1725">these </span><span class="pp-class-382 pa t46792 l46800 ls53 wtro3159 wtr1724 tro3160 tr1725">transports </span><span class="pp-class-382 pa t46792 l46801 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46792 l46802 ls155 wtro3159 wtr1724 tro3160 tr1725">short </span><span class="pp-class-382 pa t46792 l46803 ls1073 wtro3159 wtr1724 tro3160 tr1725">term </span><span class="pp-class-382 pa t46792 l46804 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46792 l46805 ls728 wtro3159 wtr1724 tro3160 tr1725">impact </span><span class="pp-class-382 pa t46792 l46806 ls1243 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46792 l46807 ls3474 wtro3159 wtr1724 tro3160 tr1725">splitting </span><span class="pp-class-382 pa t46808 l3 ls1759 wtro3159 wtr1724 tro3160 tr1725">these </span><span class="pp-class-382 pa t46808 l46809 ls7694 wtro3159 wtr1724 tro3160 tr1725">contracts </span><span class="pp-class-382 pa t46808 l36247 ls3474 wtro3159 wtr1724 tro3160 tr1725">into </span><span class="pp-class-382 pa t46808 l46810 ls688 wtro3159 wtr1724 tro3160 tr1725">“distinct </span><span class="pp-class-382 pa t46808 l46811 ls56 wtro3159 wtr1724 tro3160 tr1725">services” </span><span class="pp-class-382 pa t46808 l46812 ls1323 wtro3159 wtr1724 tro3160 tr1725">will </span><span class="pp-class-382 pa t46808 l46813 ls830 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t46808 l46814 ls185 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t46808 l46815 ls2142 wtro3159 wtr1724 tro3160 tr1725">material </span><span class="pp-class-382 pa t46808 l46816 ls1772 wtro3159 wtr1724 tro3160 tr1725">impact. </span><span class="pp-class-382 pa t46808 l46817 ls1323 wtro3159 wtr1724 tro3160 tr1725">Most </span><span class="pp-class-382 pa t46808 l46818 ls53 wtro3159 wtr1724 tro3160 tr1725">transports </span><span class="pp-class-382 pa t46808 l46819 ls1237 wtro3159 wtr1724 tro3160 tr1725">carried </span><span class="pp-class-382 pa t46808 l46820 ls858 wtro3159 wtr1724 tro3160 tr1725">out </span><span class="pp-class-382 pa t46808 l46821 ls2784 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t46808 l46822 ls302 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46823 l3 ls14357 wtro3159 wtr1724 tro3160 tr1725">Ferry </span><span class="pp-class-382 pa t46823 l46824 ls5258 wtro3159 wtr1724 tro3160 tr1725">Division </span><span class="pp-class-382 pa t46823 l33768 ls18578 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46823 l46825 ls23508 wtro3159 wtr1724 tro3160 tr1725">characterised </span><span class="pp-class-382 pa t46823 l46826 ls14077 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t46823 l46827 ls1314 wtro3159 wtr1724 tro3160 tr1725">short </span><span class="pp-class-382 pa t46823 l46828 ls18761 wtro3159 wtr1724 tro3160 tr1725">delivery </span><span class="pp-class-382 pa t46823 l46829 ls2805 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t46823 l46830 ls4343 wtro3159 wtr1724 tro3160 tr1725">(most </span><span class="pp-class-382 pa t46823 l46831 ls5258 wtro3159 wtr1724 tro3160 tr1725">sailings </span><span class="pp-class-382 pa t46823 l33754 ls18578 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46823 l46832 ls2805 wtro3159 wtr1724 tro3160 tr1725">less </span><span class="pp-class-382 pa t46823 l20489 ls2805 wtro3159 wtr1724 tro3160 tr1725">than </span><span class="pp-class-382 pa t46823 l46833 ls3230 wtro3159 wtr1724 tro3160 tr1725">30 </span><span class="pp-class-382 pa t46823 l46834 ls4343 wtro3159 wtr1724 tro3160 tr1725">hours </span><span class="pp-class-382 pa t46823 l46835 ls4343 wtro3159 wtr1724 tro3160 tr1725">while </span><span class="pp-class-382 pa t46823 l24965 ls5258 wtro3159 wtr1724 tro3160 tr1725">sailings </span><span class="pp-class-382 pa t46823 l46836 ls2147 wtro3159 wtr1724 tro3160 tr1725">to/</span><span class="pp-class-382 pa t46837 l3 ls37002 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46837 l38342 ls15767 wtro3159 wtr1724 tro3160 tr1725">Türkiye </span><span class="pp-class-382 pa t46837 l46838 ls20054 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46837 l46839 ls2459 wtro3159 wtr1724 tro3160 tr1725">up </span><span class="pp-class-382 pa t46837 l46840 ls3382 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t46837 l21830 ls1736 wtro3159 wtr1724 tro3160 tr1725">72 </span><span class="pp-class-382 pa t46837 l12033 ls14385 wtro3159 wtr1724 tro3160 tr1725">hours). </span><span class="pp-class-382 pa t46837 l46841 ls29312 wtro3159 wtr1724 tro3160 tr1725">Transports </span><span class="pp-class-382 pa t46837 l46842 ls8446 wtro3159 wtr1724 tro3160 tr1725">carried </span><span class="pp-class-382 pa t46837 l46843 ls1057 wtro3159 wtr1724 tro3160 tr1725">out </span><span class="pp-class-382 pa t46837 l46844 ls1952 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t46837 l46845 ls1057 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46837 l46846 ls9272 wtro3159 wtr1724 tro3160 tr1725">Logistics </span><span class="pp-class-382 pa t46837 l46847 ls16981 wtro3159 wtr1724 tro3160 tr1725">Division </span><span class="pp-class-382 pa t46837 l46848 ls1057 wtro3159 wtr1724 tro3160 tr1725">can </span><span class="pp-class-382 pa t46837 l46849 ls2459 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t46837 l46850 ls7212 wtro3159 wtr1724 tro3160 tr1725">over </span><span class="pp-class-382 pa t46837 l46851 ls5069 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t46837 l46852 ls1734 wtro3159 wtr1724 tro3160 tr1725">longer </span><span class="pp-class-382 pa t46837 l46853 ls1734 wtro3159 wtr1724 tro3160 tr1725">period.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46854 l3 ls124 wtro3159 wtr1062 tro3160 tr1063">Revenue </span><span class="pp-class-382 pa t46854 l46855 ls931 wtro3159 wtr1062 tro3160 tr1063">from </span><span class="pp-class-382 pa t46854 l46856 ls878 wtro3159 wtr1062 tro3160 tr1063">chartering </span><span class="pp-class-382 pa t46854 l46857 wtro3159 wtr1062 tro3160 tr1063">out </span><span class="pp-class-382 pa t46854 l46858 ls90 wtro3159 wtr1062 tro3160 tr1063">ferries </span><span class="pp-class-382 pa t46854 l46859 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t46854 l162 ls171 wtro3159 wtr1062 tro3160 tr1063">recognised </span><span class="pp-class-382 pa t46854 l46860 ls671 wtro3159 wtr1062 tro3160 tr1063">straight </span><span class="pp-class-382 pa t46854 l46861 wtro3159 wtr1062 tro3160 tr1063">line </span><span class="pp-class-382 pa t46854 l46862 ls3572 wtro3159 wtr1062 tro3160 tr1063">over </span><span class="pp-class-382 pa t46854 l46863 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t46854 l46864 ls68 wtro3159 wtr1062 tro3160 tr1063">duration </span><span class="pp-class-382 pa t46854 l46865 ls287 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46854 l46866 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t46854 l46867 ls1259 wtro3159 wtr1062 tro3160 tr1063">agreement. </span><span class="pp-class-382 pa t46868 l3 ls671 wtro3159 wtr1062 tro3160 tr1063">Onboard </span><span class="pp-class-382 pa t46868 l46869 wtro3159 wtr1062 tro3160 tr1063">sales </span><span class="pp-class-382 pa t46868 l46870 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t46868 l42279 ls171 wtro3159 wtr1062 tro3160 tr1063">recognised </span><span class="pp-class-382 pa t46868 l46871 ls2835 wtro3159 wtr1062 tro3160 tr1063">at </span><span class="pp-class-382 pa t46868 l46872 wtro3159 wtr1062 tro3160 tr1063">a </span><span class="pp-class-382 pa t46868 l46873 ls907 wtro3159 wtr1062 tro3160 tr1063">“point </span><span class="pp-class-382 pa t46868 l46874 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t46868 l46875 ls3362 wtro3159 wtr1062 tro3160 tr1063">time”. </span><span class="pp-class-382 pa t46868 l46876 ls124 wtro3159 wtr1062 tro3160 tr1063">Revenue </span><span class="pp-class-382 pa t46868 l46877 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t46868 l46878 ls1259 wtro3159 wtr1062 tro3160 tr1063">measured </span><span class="pp-class-382 pa t46868 l20654 ls2835 wtro3159 wtr1062 tro3160 tr1063">at </span><span class="pp-class-382 pa t46868 l46879 ls1005 wtro3159 wtr1062 tro3160 tr1063">fair </span><span class="pp-class-382 pa t46868 l46880 ls16 wtro3159 wtr1062 tro3160 tr1063">value </span><span class="pp-class-382 pa t46868 l46881 ls230 wtro3159 wtr1062 tro3160 tr1063">excluding </span><span class="pp-class-382 pa t46868 l46882 ls16 wtro3159 wtr1062 tro3160 tr1063">value </span><span class="pp-class-382 pa t46883 l3 ls166 wtro3159 wtr1062 tro3160 tr1063">added </span><span class="pp-class-382 pa t46883 l46884 ls45 wtro3159 wtr1062 tro3160 tr1063">tax </span><span class="pp-class-382 pa t46883 l46885 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46883 l46886 ls112 wtro3159 wtr1062 tro3160 tr1063">after </span><span class="pp-class-382 pa t46883 l46887 ls842 wtro3159 wtr1062 tro3160 tr1063">deduction </span><span class="pp-class-382 pa t46883 l35391 ls287 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46883 l46888 ls1955 wtro3159 wtr1062 tro3160 tr1063">trade </span><span class="pp-class-382 pa t46883 l46889 ls287 wtro3159 wtr1062 tro3160 tr1063">discounts. </span><span class="pp-class-382 pa t46883 l46890 ls14077 wtro3159 wtr1062 tro3160 tr1063">Trade </span><span class="pp-class-382 pa t46883 l46891 ls134 wtro3159 wtr1062 tro3160 tr1063">receivables </span><span class="pp-class-382 pa t46883 l46892 ls85 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46883 l46893 ls150 wtro3159 wtr1062 tro3160 tr1063">not </span><span class="pp-class-382 pa t46883 l46894 ls166 wtro3159 wtr1062 tro3160 tr1063">adjusted </span><span class="pp-class-382 pa t46883 l46895 ls43 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t46883 l46896 ls43 wtro3159 wtr1062 tro3160 tr1063">any </span><span class="pp-class-382 pa t46897 l3 wtro3159 wtr1062 tro3160 tr1063">financing </span><span class="pp-class-382 pa t46897 l46898 ls287 wtro3159 wtr1062 tro3160 tr1063">component </span><span class="pp-class-382 pa t46897 l46899 wtro3159 wtr1062 tro3160 tr1063">when </span><span class="pp-class-382 pa t46897 l46900 ls112 wtro3159 wtr1062 tro3160 tr1063">recognised. </span><span class="pp-class-382 pa t46897 l46901 wtro3159 wtr1062 tro3160 tr1063">The </span><span class="pp-class-382 pa t46897 l46902 ls671 wtro3159 wtr1062 tro3160 tr1063">general </span><span class="pp-class-382 pa t46897 l46903 ls134 wtro3159 wtr1062 tro3160 tr1063">credit </span><span class="pp-class-382 pa t46897 l46904 ls37 wtro3159 wtr1062 tro3160 tr1063">terms </span><span class="pp-class-382 pa t46897 l46905 ls85 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46897 l46906 ls1259 wtro3159 wtr1062 tro3160 tr1063">following </span><span class="pp-class-382 pa t46897 l46907 ls16 wtro3159 wtr1062 tro3160 tr1063">market </span><span class="pp-class-382 pa t46897 l46908 ls37 wtro3159 wtr1062 tro3160 tr1063">terms.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46909 l3 ls3382 wtro3159 wtr1062 tro3160 tr1063">Accounting </span><span class="pp-class-382 pa t46909 l46910 ls195 wtro3159 wtr1062 tro3160 tr1063">estimates </span><span class="pp-class-382 pa t46909 l46911 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46909 l46912 ls7858 wtro3159 wtr1062 tro3160 tr1063">judgements </span><span class="pp-class-382 pa t46909 l46913 ls719 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46909 l46914 ls2138 wtro3159 wtr1062 tro3160 tr1063">made </span><span class="pp-class-382 pa t46909 l46915 ls2142 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t46909 l46916 ls3310 wtro3159 wtr1062 tro3160 tr1063">order </span><span class="pp-class-382 pa t46909 l46917 ls4305 wtro3159 wtr1062 tro3160 tr1063">to </span><span class="pp-class-382 pa t46909 l46918 ls2143 wtro3159 wtr1062 tro3160 tr1063">determine </span><span class="pp-class-382 pa t46909 l46919 ls7694 wtro3159 wtr1062 tro3160 tr1063">time </span><span class="pp-class-382 pa t46909 l46920 ls2854 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46909 l46921 ls185 wtro3159 wtr1062 tro3160 tr1063">delivery </span><span class="pp-class-382 pa t46909 l46922 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46909 l46923 ls2955 wtro3159 wtr1062 tro3160 tr1063">accrue </span><span class="pp-class-382 pa t46909 l46924 ls3105 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t46925 l3 ls2766 wtro3159 wtr1062 tro3160 tr1063">relevant </span><span class="pp-class-382 pa t46925 l46926 ls7756 wtro3159 wtr1062 tro3160 tr1063">income </span><span class="pp-class-382 pa t46925 l46927 ls7094 wtro3159 wtr1062 tro3160 tr1063">along </span><span class="pp-class-382 pa t46925 l12767 ls7694 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t46925 l46928 ls4343 wtro3159 wtr1062 tro3160 tr1063">evaluation </span><span class="pp-class-382 pa t46925 l21259 ls2854 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46925 l46929 ls4396 wtro3159 wtr1062 tro3160 tr1063">pricing. </span><span class="pp-class-382 pa t46925 l46930 ls7094 wtro3159 wtr1062 tro3160 tr1063">These </span><span class="pp-class-382 pa t46925 l46931 ls1015 wtro3159 wtr1062 tro3160 tr1063">accounting </span><span class="pp-class-382 pa t46925 l46932 ls195 wtro3159 wtr1062 tro3160 tr1063">estimates </span><span class="pp-class-382 pa t46925 l46933 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46925 l46934 ls7858 wtro3159 wtr1062 tro3160 tr1063">judgements </span><span class="pp-class-382 pa t46925 l46935 ls650 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46936 l3 ls7094 wtro3159 wtr1062 tro3160 tr1063">based </span><span class="pp-class-382 pa t46936 l46937 ls2142 wtro3159 wtr1062 tro3160 tr1063">on </span><span class="pp-class-382 pa t46936 l46938 ls2588 wtro3159 wtr1062 tro3160 tr1063">experience </span><span class="pp-class-382 pa t46936 l9561 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46936 l46939 ls2134 wtro3159 wtr1062 tro3160 tr1063">historical </span><span class="pp-class-382 pa t46936 l46940 ls7094 wtro3159 wtr1062 tro3160 tr1063">sales </span><span class="pp-class-382 pa t46936 l46941 ls2796 wtro3159 wtr1062 tro3160 tr1063">figures </span><span class="pp-class-382 pa t46936 l46942 ls7094 wtro3159 wtr1062 tro3160 tr1063">along </span><span class="pp-class-382 pa t46936 l46943 ls7694 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t46936 l46944 ls1077 wtro3159 wtr1062 tro3160 tr1063">a </span><span class="pp-class-382 pa t46936 l36973 ls7858 wtro3159 wtr1062 tro3160 tr1063">continuous </span><span class="pp-class-382 pa t46936 l46945 ls3310 wtro3159 wtr1062 tro3160 tr1063">follow-up </span><span class="pp-class-382 pa t46936 l46946 ls2142 wtro3159 wtr1062 tro3160 tr1063">on </span><span class="pp-class-382 pa t46936 l46947 ls1463 wtro3159 wtr1062 tro3160 tr1063">service </span><span class="pp-class-382 pa t46936 l46948 ls1734 wtro3159 wtr1062 tro3160 tr1063">delivered.</span></p></div></div></div></div> <div class="pp-class-10" id="pp-id-5098" xmlns="http://www.w3.org/1999/xhtml"><div class="w43636 h45378 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">2.2 </span><span class="pp-class-370 pa t21055 l43638 ls960">Revenue</span></p></div></div><div id="pp-id-5099" xmlns="http://www.w3.org/1999/xhtml"><div class="w46290 h46562 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46563"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46564"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46565"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41825 l3">DKK </span><span class="pp-class-372 pa t41825 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46566 ls910">Ferry </span><span class="pp-class-373 pa t41825 l46567">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46568">Logistics </span><span class="pp-class-373 pa t41825 l46569">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46570">Non- </span><span class="pp-class-373 pa t41825 l46571 ls278">allocated</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41825 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41833 l3 ls175">Geographical </span><span class="pp-class-373 pa t41833 l43902 ls2835">markets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l3 ls3618">North </span><span class="pp-class-372 pa t46204 l9390">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46572 ls185">5,425</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46575 ls185">5,425</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l3 ls171">Mediterranean</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46577 ls23516">5,787</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46578">358</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46579 ls852">6,145</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l3 ls166">Baltic </span><span class="pp-class-372 pa t46580 l9427">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46581 ls16">1,245</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46582 ls16">1,245</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l3">Channel</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46584 ls1073">4,032</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46585 ls1073">4,032</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l3 ls842">Continent</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46588 ls1073">4,912</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46582 ls1073">4,912</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l3 ls110">Nordic</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46590 ls128">4,101</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46591 ls128">4,101</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l3 ls241">UK/Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46593 ls800">3,883</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l42606 ls800">3,883</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l3">Other</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46595">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46596">11</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46598 ls1077">16,489</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46599 ls225">13,253</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46600">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46601 ls16064">29,753</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46602 l3 ls128">Product </span><span class="pp-class-373 pa t46602 l46603">and </span><span class="pp-class-373 pa t46602 l46604 ls1531">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l3 ls138">Seafreight </span><span class="pp-class-372 pa t46605 l30466">and </span><span class="pp-class-372 pa t46605 l46606">shipping </span><span class="pp-class-372 pa t46605 l46607">logistics </span><span class="pp-class-372 pa t46605 l46608 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46609 ls11799">10,046</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46610 ls11799">10,046</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l3 ls2142">Transport </span><span class="pp-class-372 pa t46611 l40530 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46612 ls1080">624</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46613 ls214">12,891</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46614 ls4305">13,515</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l3 ls45">Passenger </span><span class="pp-class-372 pa t46615 l46616 ls230">seafare </span><span class="pp-class-372 pa t46615 l46617">and </span><span class="pp-class-372 pa t46615 l36930 ls671">onboard </span><span class="pp-class-372 pa t46615 l46618">sales</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46619 ls44116">4,574</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l42328 ls44116">4,574</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l3 ls2854">Terminal </span><span class="pp-class-372 pa t46620 l46621 ls1227">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46622">591</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46623">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46624">598</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l3 ls207">Charters </span><span class="pp-class-372 pa t46625 l43972 ls96">including </span><span class="pp-class-372 pa t46625 l27630 ls1955">related </span><span class="pp-class-372 pa t46625 l46626">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46627">448</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46628">448</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l3 ls182">Agency </span><span class="pp-class-372 pa t46629 l46630">and </span><span class="pp-class-372 pa t46629 l40695 ls72">other </span><span class="pp-class-372 pa t46629 l46631 ls1305">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46632">205</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l43764">355</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46595">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46633 ls1759">571</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46598 ls1077">16,489</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46599 ls225">13,253</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46600">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46601 ls16064">29,753</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t46635 l3 ls124">Revenue </span><span class="pp-class-372 pa t46635 l3098 ls842">includes </span><span class="pp-class-372 pa t46635 l32655 ls99">revenue </span><span class="pp-class-372 pa t46635 l46636 ls171">recognised </span><span class="pp-class-372 pa t46635 l46637 ls931">from </span><span class="pp-class-372 pa t46635 l46638 ls978">contracts </span><span class="pp-class-372 pa t46635 l46639">with </span><span class="pp-class-372 pa t46635 l46640 ls907">customers </span><span class="pp-class-372 pa t46635 l44766">in </span><span class="pp-class-372 pa t46635 l46641 ls278">accordance </span><span class="pp-class-372 pa t46635 l46642 ls12">with </span><span class="pp-class-372 pa t46635 l46643 ls105">IFRS </span><span class="pp-class-372 pa t46635 l46644 ls12">15 </span><span class="pp-class-372 pa t46635 l46645 ls12">and </span><span class="pp-class-372 pa t46635 l46646 ls72">other </span><span class="pp-class-372 pa t46647 l3 ls99">revenue </span><span class="pp-class-372 pa t46647 l9818">(leasing </span><span class="pp-class-372 pa t46647 l46648 ls128">activities). </span><span class="pp-class-372 pa t46647 l46649 ls124">Revenue </span><span class="pp-class-372 pa t46647 l43828 ls931">from </span><span class="pp-class-372 pa t46647 l46650">leasing </span><span class="pp-class-372 pa t46647 l46651 ls704">activities </span><span class="pp-class-372 pa t46647 l45269 ls105">amounts </span><span class="pp-class-372 pa t46647 l46652 ls166">to </span><span class="pp-class-372 pa t46647 l46653">DKK </span><span class="pp-class-372 pa t46647 l46654 ls2805">476m </span><span class="pp-class-372 pa t46647 l46655 ls12">(2023: </span><span class="pp-class-372 pa t46647 l43140">DKK </span><span class="pp-class-372 pa t46647 l46656">405m). </span><span class="pp-class-372 pa t46657 l3 ls671">Onboard </span><span class="pp-class-372 pa t46657 l46658">sales </span><span class="pp-class-372 pa t46657 l46659 ls105">amounts </span><span class="pp-class-372 pa t46657 l46660 ls166">to </span><span class="pp-class-372 pa t46657 l46661">DKK </span><span class="pp-class-372 pa t46657 l46662 ls58">1,916m </span><span class="pp-class-372 pa t46657 l46663">(2023: </span><span class="pp-class-372 pa t46657 l46664">DKK </span><span class="pp-class-372 pa t46657 l46665 ls88">1,656m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t46666 l3 ls1015">Typically, </span><span class="pp-class-372 pa t46666 l46667 ls78">payment </span><span class="pp-class-372 pa t46666 l46668">is </span><span class="pp-class-372 pa t46666 l46669">due </span><span class="pp-class-372 pa t46666 l46670">upon </span><span class="pp-class-372 pa t46666 l46671">or </span><span class="pp-class-372 pa t46666 l46672 ls112">after </span><span class="pp-class-372 pa t46666 l26293 ls96">completion </span><span class="pp-class-372 pa t46666 l46673 ls287">of </span><span class="pp-class-372 pa t46666 l46674">the </span><span class="pp-class-372 pa t46666 l46675 ls2554">services </span><span class="pp-class-372 pa t46666 l46676">in </span><span class="pp-class-372 pa t46666 l46677">the </span><span class="pp-class-372 pa t46666 l46678">Logistics </span><span class="pp-class-372 pa t46666 l46679">division </span><span class="pp-class-372 pa t46666 l46680 ls12">and </span><span class="pp-class-372 pa t46666 l46681 ls2835">at </span><span class="pp-class-372 pa t46666 l46682 ls12">the </span><span class="pp-class-372 pa t46666 l46683 ls2554">start </span><span class="pp-class-372 pa t46666 l46684 ls287">of </span><span class="pp-class-372 pa t46685 l3">the </span><span class="pp-class-372 pa t46685 l16246 ls1005">journey </span><span class="pp-class-372 pa t46685 l34007">in </span><span class="pp-class-372 pa t46685 l46686">the </span><span class="pp-class-372 pa t46685 l46687 ls93">Ferry </span><span class="pp-class-372 pa t46685 l11103">division. </span></p></div></div><div id="pp-id-5100" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h46688 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46563"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46564"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46188 l46565"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41825 l3">DKK </span><span class="pp-class-372 pa t41825 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46566 ls910">Ferry </span><span class="pp-class-373 pa t41825 l46567">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46568">Logistics </span><span class="pp-class-373 pa t41825 l46569">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l46570">Non- </span><span class="pp-class-373 pa t41825 l46571 ls278">allocated</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41825 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41833 l3 ls175">Geographical </span><span class="pp-class-373 pa t41833 l43902 ls2835">markets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41833 l42455"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l3 ls3618">North </span><span class="pp-class-372 pa t46204 l9390">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46690 ls23516">5,700</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46691 ls23516">5,700</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l3 ls171">Mediterranean</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46692 ls4305">4,624</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46576 l46693 ls4305">4,624</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l3 ls166">Baltic </span><span class="pp-class-372 pa t46580 l9427">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46694">1,256</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46580 l46695">1,256</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l3">Channel</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46581 ls2955">3,691</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46583 l46582 ls2955">3,691</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l3 ls842">Continent</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46696 ls103">4,844</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46586 l46697 ls103">4,844</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l3 ls110">Nordic</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46698 ls712">3,857</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46589 l46699 ls712">3,857</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l3 ls241">UK/Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46700 ls6007">3,308</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46592 l46701 ls6007">3,308</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l3">Other</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46587">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46702">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46594 l46703">25</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46704 ls302">15,271</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46705 ls85">12,008</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l46706">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46597 l42159 ls17063">27,304</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46602 l3 ls128">Product </span><span class="pp-class-373 pa t46602 l46603">and </span><span class="pp-class-373 pa t46602 l46604 ls1531">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l3 ls138">Seafreight </span><span class="pp-class-372 pa t46605 l30466">and </span><span class="pp-class-372 pa t46605 l46606">shipping </span><span class="pp-class-372 pa t46605 l46607">logistics </span><span class="pp-class-372 pa t46605 l46608 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46707 ls3036">9,939</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46708">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46605 l46709 ls3036">9,940</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l3 ls2142">Transport </span><span class="pp-class-372 pa t46611 l40530 ls842">solutions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46710 ls728">705</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46711 ls858">11,691</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46611 l46712 ls203">12,396</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l3 ls45">Passenger </span><span class="pp-class-372 pa t46615 l46616 ls230">seafare </span><span class="pp-class-372 pa t46615 l46617">and </span><span class="pp-class-372 pa t46615 l36930 ls671">onboard </span><span class="pp-class-372 pa t46615 l46618">sales</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46713 ls2138">3,568</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46615 l46714 ls2138">3,567</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l3 ls2854">Terminal </span><span class="pp-class-372 pa t46620 l46621 ls1227">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46715">588</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46623">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46620 l46716">595</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l3 ls207">Charters </span><span class="pp-class-372 pa t46625 l43972 ls96">including </span><span class="pp-class-372 pa t46625 l27630 ls1955">related </span><span class="pp-class-372 pa t46625 l46626">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46717">363</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46573">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46625 l46718">363</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l3 ls182">Agency </span><span class="pp-class-372 pa t46629 l46630">and </span><span class="pp-class-372 pa t46629 l40695 ls72">other </span><span class="pp-class-372 pa t46629 l46631 ls1305">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46719 ls278">108</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46720 ls278">310</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46702">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46629 l46721">442</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46704 ls302">15,271</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46705 ls85">12,008</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l46706">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46634 l42159 ls17063">27,304</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5102" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h46722 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">2.2 </span><span class="pp-class-370 pa t21055 l43638 ls2489">Revenue </span><span class="pp-class-371 pa t21055 l46723"/><span class="pp-class-371 pa t21055 l46724 ls155">(continued)</span></p><div class="pp-class-363 pp-class-395" id="pp-id-5101"><div class="w37231 h46725 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46726 l3 ls10809 wtro3159 wtr1724 tro3160 tr1725">Revenue </span><span class="pp-class-382 pa t46726 l46727 ls9827 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46726 l46728 ls3158 wtro3159 wtr1724 tro3160 tr1725">transport </span><span class="pp-class-382 pa t46726 l46729 ls4305 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46726 l46730 ls3123 wtro3159 wtr1724 tro3160 tr1725">passengers, </span><span class="pp-class-382 pa t46726 l46731 ls3190 wtro3159 wtr1724 tro3160 tr1725">freight </span><span class="pp-class-382 pa t46726 l46732 ls2145 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46726 l46733 ls9827 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46726 l46734 ls1734 wtro3159 wtr1724 tro3160 tr1725">rendering </span><span class="pp-class-382 pa t46726 l46735 ls195 wtro3159 wtr1724 tro3160 tr1725">terminal </span><span class="pp-class-382 pa t46726 l46736 ls2145 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46726 l46737 ls3446 wtro3159 wtr1724 tro3160 tr1725">warehouse </span><span class="pp-class-382 pa t46726 l46738 ls1945 wtro3159 wtr1724 tro3160 tr1725">services </span><span class="pp-class-382 pa t46726 l46739 ls3362 wtro3159 wtr1724 tro3160 tr1725">etc., </span><span class="pp-class-382 pa t46726 l46740 ls1065 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46741 l3 ls1314 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t46741 l46742 ls1150 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t46741 l27985 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46743 ls1864 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t46741 l46744 ls719 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t46741 l46745 ls10900 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t46741 l46746 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46747 ls864 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t46741 l46748 ls1083 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46741 l46749 ls3230 wtro3159 wtr1724 tro3160 tr1725">delivery </span><span class="pp-class-382 pa t46741 l46750 ls1083 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46741 l46751 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46752 ls2145 wtro3159 wtr1724 tro3160 tr1725">service </span><span class="pp-class-382 pa t46741 l46753 ls2531 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t46741 l46754 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46755 ls14556 wtro3159 wtr1724 tro3160 tr1725">customer, </span><span class="pp-class-382 pa t46741 l46756 ls650 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t46741 l46757 ls1150 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46741 l46758 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46759 ls1101 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t46760 l3 ls3362 wtro3159 wtr1724 tro3160 tr1725">where </span><span class="pp-class-382 pa t46760 l4459 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46760 l46761 ls1722 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t46760 l46762 ls1150 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46760 l46763 ls21295 wtro3159 wtr1724 tro3160 tr1725">transferred </span><span class="pp-class-382 pa t46760 l46764 ls2688 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46760 l46765 ls864 wtro3159 wtr1724 tro3160 tr1725">when </span><span class="pp-class-382 pa t46760 l46766 ls1535 wtro3159 wtr1724 tro3160 tr1725">each </span><span class="pp-class-382 pa t46760 l46767 ls1952 wtro3159 wtr1724 tro3160 tr1725">separate </span><span class="pp-class-382 pa t46760 l46768 ls3123 wtro3159 wtr1724 tro3160 tr1725">performance </span><span class="pp-class-382 pa t46760 l46769 ls1085 wtro3159 wtr1724 tro3160 tr1725">obligation </span><span class="pp-class-382 pa t46760 l46770 ls1150 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t46760 l46771 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46760 l46772 ls7470 wtro3159 wtr1724 tro3160 tr1725">customer </span><span class="pp-class-382 pa t46760 l46773 ls46774 wtro3159 wtr1724 tro3160 tr1725">contract </span><span class="pp-class-382 pa t46775 l3 ls128 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46775 l46776 ls16 wtro3159 wtr1724 tro3160 tr1725">fulfilled </span><span class="pp-class-382 pa t46775 l46777 ls88 wtro3159 wtr1724 tro3160 tr1725">following </span><span class="pp-class-382 pa t46775 l46778 ls1005 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46775 l46779 ls296 wtro3159 wtr1724 tro3160 tr1725">“over-time </span><span class="pp-class-382 pa t46775 l46780 ls800 wtro3159 wtr1724 tro3160 tr1725">principle”. </span><span class="pp-class-382 pa t46775 l46781 ls171 wtro3159 wtr1724 tro3160 tr1725">Some </span><span class="pp-class-382 pa t46775 l46782 ls913 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46775 l46783 ls1005 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46775 l46784 ls913 wtro3159 wtr1724 tro3160 tr1725">ferry </span><span class="pp-class-382 pa t46775 l46785 ls1005 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46775 l46786 ls34 wtro3159 wtr1724 tro3160 tr1725">freight </span><span class="pp-class-382 pa t46775 l46787 ls168 wtro3159 wtr1724 tro3160 tr1725">transports </span><span class="pp-class-382 pa t46775 l46788 ls3278 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t46775 l46789 ls1264 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t46775 l46790 ls76 wtro3159 wtr1724 tro3160 tr1725">series </span><span class="pp-class-382 pa t46775 l46791 ls193 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46792 l3 ls1321 wtro3159 wtr1724 tro3160 tr1725">performance </span><span class="pp-class-382 pa t46792 l46793 ls2113 wtro3159 wtr1724 tro3160 tr1725">obligations, </span><span class="pp-class-382 pa t46792 l46794 ls1099 wtro3159 wtr1724 tro3160 tr1725">but </span><span class="pp-class-382 pa t46792 l46795 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t46792 l46796 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46792 l46797 ls2531 wtro3159 wtr1724 tro3160 tr1725">duration </span><span class="pp-class-382 pa t46792 l46798 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46792 l46799 ls1759 wtro3159 wtr1724 tro3160 tr1725">these </span><span class="pp-class-382 pa t46792 l46800 ls53 wtro3159 wtr1724 tro3160 tr1725">transports </span><span class="pp-class-382 pa t46792 l46801 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46792 l46802 ls155 wtro3159 wtr1724 tro3160 tr1725">short </span><span class="pp-class-382 pa t46792 l46803 ls1073 wtro3159 wtr1724 tro3160 tr1725">term </span><span class="pp-class-382 pa t46792 l46804 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46792 l46805 ls728 wtro3159 wtr1724 tro3160 tr1725">impact </span><span class="pp-class-382 pa t46792 l46806 ls1243 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46792 l46807 ls3474 wtro3159 wtr1724 tro3160 tr1725">splitting </span><span class="pp-class-382 pa t46808 l3 ls1759 wtro3159 wtr1724 tro3160 tr1725">these </span><span class="pp-class-382 pa t46808 l46809 ls7694 wtro3159 wtr1724 tro3160 tr1725">contracts </span><span class="pp-class-382 pa t46808 l36247 ls3474 wtro3159 wtr1724 tro3160 tr1725">into </span><span class="pp-class-382 pa t46808 l46810 ls688 wtro3159 wtr1724 tro3160 tr1725">“distinct </span><span class="pp-class-382 pa t46808 l46811 ls56 wtro3159 wtr1724 tro3160 tr1725">services” </span><span class="pp-class-382 pa t46808 l46812 ls1323 wtro3159 wtr1724 tro3160 tr1725">will </span><span class="pp-class-382 pa t46808 l46813 ls830 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t46808 l46814 ls185 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t46808 l46815 ls2142 wtro3159 wtr1724 tro3160 tr1725">material </span><span class="pp-class-382 pa t46808 l46816 ls1772 wtro3159 wtr1724 tro3160 tr1725">impact. </span><span class="pp-class-382 pa t46808 l46817 ls1323 wtro3159 wtr1724 tro3160 tr1725">Most </span><span class="pp-class-382 pa t46808 l46818 ls53 wtro3159 wtr1724 tro3160 tr1725">transports </span><span class="pp-class-382 pa t46808 l46819 ls1237 wtro3159 wtr1724 tro3160 tr1725">carried </span><span class="pp-class-382 pa t46808 l46820 ls858 wtro3159 wtr1724 tro3160 tr1725">out </span><span class="pp-class-382 pa t46808 l46821 ls2784 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t46808 l46822 ls302 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46823 l3 ls14357 wtro3159 wtr1724 tro3160 tr1725">Ferry </span><span class="pp-class-382 pa t46823 l46824 ls5258 wtro3159 wtr1724 tro3160 tr1725">Division </span><span class="pp-class-382 pa t46823 l33768 ls18578 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46823 l46825 ls23508 wtro3159 wtr1724 tro3160 tr1725">characterised </span><span class="pp-class-382 pa t46823 l46826 ls14077 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t46823 l46827 ls1314 wtro3159 wtr1724 tro3160 tr1725">short </span><span class="pp-class-382 pa t46823 l46828 ls18761 wtro3159 wtr1724 tro3160 tr1725">delivery </span><span class="pp-class-382 pa t46823 l46829 ls2805 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t46823 l46830 ls4343 wtro3159 wtr1724 tro3160 tr1725">(most </span><span class="pp-class-382 pa t46823 l46831 ls5258 wtro3159 wtr1724 tro3160 tr1725">sailings </span><span class="pp-class-382 pa t46823 l33754 ls18578 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46823 l46832 ls2805 wtro3159 wtr1724 tro3160 tr1725">less </span><span class="pp-class-382 pa t46823 l20489 ls2805 wtro3159 wtr1724 tro3160 tr1725">than </span><span class="pp-class-382 pa t46823 l46833 ls3230 wtro3159 wtr1724 tro3160 tr1725">30 </span><span class="pp-class-382 pa t46823 l46834 ls4343 wtro3159 wtr1724 tro3160 tr1725">hours </span><span class="pp-class-382 pa t46823 l46835 ls4343 wtro3159 wtr1724 tro3160 tr1725">while </span><span class="pp-class-382 pa t46823 l24965 ls5258 wtro3159 wtr1724 tro3160 tr1725">sailings </span><span class="pp-class-382 pa t46823 l46836 ls2147 wtro3159 wtr1724 tro3160 tr1725">to/</span><span class="pp-class-382 pa t46837 l3 ls37002 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46837 l38342 ls15767 wtro3159 wtr1724 tro3160 tr1725">Türkiye </span><span class="pp-class-382 pa t46837 l46838 ls20054 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46837 l46839 ls2459 wtro3159 wtr1724 tro3160 tr1725">up </span><span class="pp-class-382 pa t46837 l46840 ls3382 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t46837 l21830 ls1736 wtro3159 wtr1724 tro3160 tr1725">72 </span><span class="pp-class-382 pa t46837 l12033 ls14385 wtro3159 wtr1724 tro3160 tr1725">hours). </span><span class="pp-class-382 pa t46837 l46841 ls29312 wtro3159 wtr1724 tro3160 tr1725">Transports </span><span class="pp-class-382 pa t46837 l46842 ls8446 wtro3159 wtr1724 tro3160 tr1725">carried </span><span class="pp-class-382 pa t46837 l46843 ls1057 wtro3159 wtr1724 tro3160 tr1725">out </span><span class="pp-class-382 pa t46837 l46844 ls1952 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t46837 l46845 ls1057 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46837 l46846 ls9272 wtro3159 wtr1724 tro3160 tr1725">Logistics </span><span class="pp-class-382 pa t46837 l46847 ls16981 wtro3159 wtr1724 tro3160 tr1725">Division </span><span class="pp-class-382 pa t46837 l46848 ls1057 wtro3159 wtr1724 tro3160 tr1725">can </span><span class="pp-class-382 pa t46837 l46849 ls2459 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t46837 l46850 ls7212 wtro3159 wtr1724 tro3160 tr1725">over </span><span class="pp-class-382 pa t46837 l46851 ls5069 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t46837 l46852 ls1734 wtro3159 wtr1724 tro3160 tr1725">longer </span><span class="pp-class-382 pa t46837 l46853 ls1734 wtro3159 wtr1724 tro3160 tr1725">period.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46854 l3 ls124 wtro3159 wtr1062 tro3160 tr1063">Revenue </span><span class="pp-class-382 pa t46854 l46855 ls931 wtro3159 wtr1062 tro3160 tr1063">from </span><span class="pp-class-382 pa t46854 l46856 ls878 wtro3159 wtr1062 tro3160 tr1063">chartering </span><span class="pp-class-382 pa t46854 l46857 wtro3159 wtr1062 tro3160 tr1063">out </span><span class="pp-class-382 pa t46854 l46858 ls90 wtro3159 wtr1062 tro3160 tr1063">ferries </span><span class="pp-class-382 pa t46854 l46859 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t46854 l162 ls171 wtro3159 wtr1062 tro3160 tr1063">recognised </span><span class="pp-class-382 pa t46854 l46860 ls671 wtro3159 wtr1062 tro3160 tr1063">straight </span><span class="pp-class-382 pa t46854 l46861 wtro3159 wtr1062 tro3160 tr1063">line </span><span class="pp-class-382 pa t46854 l46862 ls3572 wtro3159 wtr1062 tro3160 tr1063">over </span><span class="pp-class-382 pa t46854 l46863 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t46854 l46864 ls68 wtro3159 wtr1062 tro3160 tr1063">duration </span><span class="pp-class-382 pa t46854 l46865 ls287 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46854 l46866 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t46854 l46867 ls1259 wtro3159 wtr1062 tro3160 tr1063">agreement. </span><span class="pp-class-382 pa t46868 l3 ls671 wtro3159 wtr1062 tro3160 tr1063">Onboard </span><span class="pp-class-382 pa t46868 l46869 wtro3159 wtr1062 tro3160 tr1063">sales </span><span class="pp-class-382 pa t46868 l46870 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t46868 l42279 ls171 wtro3159 wtr1062 tro3160 tr1063">recognised </span><span class="pp-class-382 pa t46868 l46871 ls2835 wtro3159 wtr1062 tro3160 tr1063">at </span><span class="pp-class-382 pa t46868 l46872 wtro3159 wtr1062 tro3160 tr1063">a </span><span class="pp-class-382 pa t46868 l46873 ls907 wtro3159 wtr1062 tro3160 tr1063">“point </span><span class="pp-class-382 pa t46868 l46874 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t46868 l46875 ls3362 wtro3159 wtr1062 tro3160 tr1063">time”. </span><span class="pp-class-382 pa t46868 l46876 ls124 wtro3159 wtr1062 tro3160 tr1063">Revenue </span><span class="pp-class-382 pa t46868 l46877 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t46868 l46878 ls1259 wtro3159 wtr1062 tro3160 tr1063">measured </span><span class="pp-class-382 pa t46868 l20654 ls2835 wtro3159 wtr1062 tro3160 tr1063">at </span><span class="pp-class-382 pa t46868 l46879 ls1005 wtro3159 wtr1062 tro3160 tr1063">fair </span><span class="pp-class-382 pa t46868 l46880 ls16 wtro3159 wtr1062 tro3160 tr1063">value </span><span class="pp-class-382 pa t46868 l46881 ls230 wtro3159 wtr1062 tro3160 tr1063">excluding </span><span class="pp-class-382 pa t46868 l46882 ls16 wtro3159 wtr1062 tro3160 tr1063">value </span><span class="pp-class-382 pa t46883 l3 ls166 wtro3159 wtr1062 tro3160 tr1063">added </span><span class="pp-class-382 pa t46883 l46884 ls45 wtro3159 wtr1062 tro3160 tr1063">tax </span><span class="pp-class-382 pa t46883 l46885 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46883 l46886 ls112 wtro3159 wtr1062 tro3160 tr1063">after </span><span class="pp-class-382 pa t46883 l46887 ls842 wtro3159 wtr1062 tro3160 tr1063">deduction </span><span class="pp-class-382 pa t46883 l35391 ls287 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46883 l46888 ls1955 wtro3159 wtr1062 tro3160 tr1063">trade </span><span class="pp-class-382 pa t46883 l46889 ls287 wtro3159 wtr1062 tro3160 tr1063">discounts. </span><span class="pp-class-382 pa t46883 l46890 ls14077 wtro3159 wtr1062 tro3160 tr1063">Trade </span><span class="pp-class-382 pa t46883 l46891 ls134 wtro3159 wtr1062 tro3160 tr1063">receivables </span><span class="pp-class-382 pa t46883 l46892 ls85 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46883 l46893 ls150 wtro3159 wtr1062 tro3160 tr1063">not </span><span class="pp-class-382 pa t46883 l46894 ls166 wtro3159 wtr1062 tro3160 tr1063">adjusted </span><span class="pp-class-382 pa t46883 l46895 ls43 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t46883 l46896 ls43 wtro3159 wtr1062 tro3160 tr1063">any </span><span class="pp-class-382 pa t46897 l3 wtro3159 wtr1062 tro3160 tr1063">financing </span><span class="pp-class-382 pa t46897 l46898 ls287 wtro3159 wtr1062 tro3160 tr1063">component </span><span class="pp-class-382 pa t46897 l46899 wtro3159 wtr1062 tro3160 tr1063">when </span><span class="pp-class-382 pa t46897 l46900 ls112 wtro3159 wtr1062 tro3160 tr1063">recognised. </span><span class="pp-class-382 pa t46897 l46901 wtro3159 wtr1062 tro3160 tr1063">The </span><span class="pp-class-382 pa t46897 l46902 ls671 wtro3159 wtr1062 tro3160 tr1063">general </span><span class="pp-class-382 pa t46897 l46903 ls134 wtro3159 wtr1062 tro3160 tr1063">credit </span><span class="pp-class-382 pa t46897 l46904 ls37 wtro3159 wtr1062 tro3160 tr1063">terms </span><span class="pp-class-382 pa t46897 l46905 ls85 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46897 l46906 ls1259 wtro3159 wtr1062 tro3160 tr1063">following </span><span class="pp-class-382 pa t46897 l46907 ls16 wtro3159 wtr1062 tro3160 tr1063">market </span><span class="pp-class-382 pa t46897 l46908 ls37 wtro3159 wtr1062 tro3160 tr1063">terms.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46909 l3 ls3382 wtro3159 wtr1062 tro3160 tr1063">Accounting </span><span class="pp-class-382 pa t46909 l46910 ls195 wtro3159 wtr1062 tro3160 tr1063">estimates </span><span class="pp-class-382 pa t46909 l46911 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46909 l46912 ls7858 wtro3159 wtr1062 tro3160 tr1063">judgements </span><span class="pp-class-382 pa t46909 l46913 ls719 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46909 l46914 ls2138 wtro3159 wtr1062 tro3160 tr1063">made </span><span class="pp-class-382 pa t46909 l46915 ls2142 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t46909 l46916 ls3310 wtro3159 wtr1062 tro3160 tr1063">order </span><span class="pp-class-382 pa t46909 l46917 ls4305 wtro3159 wtr1062 tro3160 tr1063">to </span><span class="pp-class-382 pa t46909 l46918 ls2143 wtro3159 wtr1062 tro3160 tr1063">determine </span><span class="pp-class-382 pa t46909 l46919 ls7694 wtro3159 wtr1062 tro3160 tr1063">time </span><span class="pp-class-382 pa t46909 l46920 ls2854 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46909 l46921 ls185 wtro3159 wtr1062 tro3160 tr1063">delivery </span><span class="pp-class-382 pa t46909 l46922 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46909 l46923 ls2955 wtro3159 wtr1062 tro3160 tr1063">accrue </span><span class="pp-class-382 pa t46909 l46924 ls3105 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t46925 l3 ls2766 wtro3159 wtr1062 tro3160 tr1063">relevant </span><span class="pp-class-382 pa t46925 l46926 ls7756 wtro3159 wtr1062 tro3160 tr1063">income </span><span class="pp-class-382 pa t46925 l46927 ls7094 wtro3159 wtr1062 tro3160 tr1063">along </span><span class="pp-class-382 pa t46925 l12767 ls7694 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t46925 l46928 ls4343 wtro3159 wtr1062 tro3160 tr1063">evaluation </span><span class="pp-class-382 pa t46925 l21259 ls2854 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46925 l46929 ls4396 wtro3159 wtr1062 tro3160 tr1063">pricing. </span><span class="pp-class-382 pa t46925 l46930 ls7094 wtro3159 wtr1062 tro3160 tr1063">These </span><span class="pp-class-382 pa t46925 l46931 ls1015 wtro3159 wtr1062 tro3160 tr1063">accounting </span><span class="pp-class-382 pa t46925 l46932 ls195 wtro3159 wtr1062 tro3160 tr1063">estimates </span><span class="pp-class-382 pa t46925 l46933 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46925 l46934 ls7858 wtro3159 wtr1062 tro3160 tr1063">judgements </span><span class="pp-class-382 pa t46925 l46935 ls650 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46936 l3 ls7094 wtro3159 wtr1062 tro3160 tr1063">based </span><span class="pp-class-382 pa t46936 l46937 ls2142 wtro3159 wtr1062 tro3160 tr1063">on </span><span class="pp-class-382 pa t46936 l46938 ls2588 wtro3159 wtr1062 tro3160 tr1063">experience </span><span class="pp-class-382 pa t46936 l9561 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46936 l46939 ls2134 wtro3159 wtr1062 tro3160 tr1063">historical </span><span class="pp-class-382 pa t46936 l46940 ls7094 wtro3159 wtr1062 tro3160 tr1063">sales </span><span class="pp-class-382 pa t46936 l46941 ls2796 wtro3159 wtr1062 tro3160 tr1063">figures </span><span class="pp-class-382 pa t46936 l46942 ls7094 wtro3159 wtr1062 tro3160 tr1063">along </span><span class="pp-class-382 pa t46936 l46943 ls7694 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t46936 l46944 ls1077 wtro3159 wtr1062 tro3160 tr1063">a </span><span class="pp-class-382 pa t46936 l36973 ls7858 wtro3159 wtr1062 tro3160 tr1063">continuous </span><span class="pp-class-382 pa t46936 l46945 ls3310 wtro3159 wtr1062 tro3160 tr1063">follow-up </span><span class="pp-class-382 pa t46936 l46946 ls2142 wtro3159 wtr1062 tro3160 tr1063">on </span><span class="pp-class-382 pa t46936 l46947 ls1463 wtro3159 wtr1062 tro3160 tr1063">service </span><span class="pp-class-382 pa t46936 l46948 ls1734 wtro3159 wtr1062 tro3160 tr1063">delivered.</span></p></div></div></div></div> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46726 l3 ls10809 wtro3159 wtr1724 tro3160 tr1725">Revenue </span><span class="pp-class-382 pa t46726 l46727 ls9827 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46726 l46728 ls3158 wtro3159 wtr1724 tro3160 tr1725">transport </span><span class="pp-class-382 pa t46726 l46729 ls4305 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46726 l46730 ls3123 wtro3159 wtr1724 tro3160 tr1725">passengers, </span><span class="pp-class-382 pa t46726 l46731 ls3190 wtro3159 wtr1724 tro3160 tr1725">freight </span><span class="pp-class-382 pa t46726 l46732 ls2145 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46726 l46733 ls9827 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46726 l46734 ls1734 wtro3159 wtr1724 tro3160 tr1725">rendering </span><span class="pp-class-382 pa t46726 l46735 ls195 wtro3159 wtr1724 tro3160 tr1725">terminal </span><span class="pp-class-382 pa t46726 l46736 ls2145 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46726 l46737 ls3446 wtro3159 wtr1724 tro3160 tr1725">warehouse </span><span class="pp-class-382 pa t46726 l46738 ls1945 wtro3159 wtr1724 tro3160 tr1725">services </span><span class="pp-class-382 pa t46726 l46739 ls3362 wtro3159 wtr1724 tro3160 tr1725">etc., </span><span class="pp-class-382 pa t46726 l46740 ls1065 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46741 l3 ls1314 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t46741 l46742 ls1150 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t46741 l27985 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46743 ls1864 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t46741 l46744 ls719 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t46741 l46745 ls10900 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t46741 l46746 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46747 ls864 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t46741 l46748 ls1083 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46741 l46749 ls3230 wtro3159 wtr1724 tro3160 tr1725">delivery </span><span class="pp-class-382 pa t46741 l46750 ls1083 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46741 l46751 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46752 ls2145 wtro3159 wtr1724 tro3160 tr1725">service </span><span class="pp-class-382 pa t46741 l46753 ls2531 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t46741 l46754 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46755 ls14556 wtro3159 wtr1724 tro3160 tr1725">customer, </span><span class="pp-class-382 pa t46741 l46756 ls650 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t46741 l46757 ls1150 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46741 l46758 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46741 l46759 ls1101 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t46760 l3 ls3362 wtro3159 wtr1724 tro3160 tr1725">where </span><span class="pp-class-382 pa t46760 l4459 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46760 l46761 ls1722 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t46760 l46762 ls1150 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46760 l46763 ls21295 wtro3159 wtr1724 tro3160 tr1725">transferred </span><span class="pp-class-382 pa t46760 l46764 ls2688 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46760 l46765 ls864 wtro3159 wtr1724 tro3160 tr1725">when </span><span class="pp-class-382 pa t46760 l46766 ls1535 wtro3159 wtr1724 tro3160 tr1725">each </span><span class="pp-class-382 pa t46760 l46767 ls1952 wtro3159 wtr1724 tro3160 tr1725">separate </span><span class="pp-class-382 pa t46760 l46768 ls3123 wtro3159 wtr1724 tro3160 tr1725">performance </span><span class="pp-class-382 pa t46760 l46769 ls1085 wtro3159 wtr1724 tro3160 tr1725">obligation </span><span class="pp-class-382 pa t46760 l46770 ls1150 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t46760 l46771 ls2688 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46760 l46772 ls7470 wtro3159 wtr1724 tro3160 tr1725">customer </span><span class="pp-class-382 pa t46760 l46773 ls46774 wtro3159 wtr1724 tro3160 tr1725">contract </span><span class="pp-class-382 pa t46775 l3 ls128 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t46775 l46776 ls16 wtro3159 wtr1724 tro3160 tr1725">fulfilled </span><span class="pp-class-382 pa t46775 l46777 ls88 wtro3159 wtr1724 tro3160 tr1725">following </span><span class="pp-class-382 pa t46775 l46778 ls1005 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46775 l46779 ls296 wtro3159 wtr1724 tro3160 tr1725">“over-time </span><span class="pp-class-382 pa t46775 l46780 ls800 wtro3159 wtr1724 tro3160 tr1725">principle”. </span><span class="pp-class-382 pa t46775 l46781 ls171 wtro3159 wtr1724 tro3160 tr1725">Some </span><span class="pp-class-382 pa t46775 l46782 ls913 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46775 l46783 ls1005 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46775 l46784 ls913 wtro3159 wtr1724 tro3160 tr1725">ferry </span><span class="pp-class-382 pa t46775 l46785 ls1005 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t46775 l46786 ls34 wtro3159 wtr1724 tro3160 tr1725">freight </span><span class="pp-class-382 pa t46775 l46787 ls168 wtro3159 wtr1724 tro3160 tr1725">transports </span><span class="pp-class-382 pa t46775 l46788 ls3278 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t46775 l46789 ls1264 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t46775 l46790 ls76 wtro3159 wtr1724 tro3160 tr1725">series </span><span class="pp-class-382 pa t46775 l46791 ls193 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46792 l3 ls1321 wtro3159 wtr1724 tro3160 tr1725">performance </span><span class="pp-class-382 pa t46792 l46793 ls2113 wtro3159 wtr1724 tro3160 tr1725">obligations, </span><span class="pp-class-382 pa t46792 l46794 ls1099 wtro3159 wtr1724 tro3160 tr1725">but </span><span class="pp-class-382 pa t46792 l46795 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t46792 l46796 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46792 l46797 ls2531 wtro3159 wtr1724 tro3160 tr1725">duration </span><span class="pp-class-382 pa t46792 l46798 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t46792 l46799 ls1759 wtro3159 wtr1724 tro3160 tr1725">these </span><span class="pp-class-382 pa t46792 l46800 ls53 wtro3159 wtr1724 tro3160 tr1725">transports </span><span class="pp-class-382 pa t46792 l46801 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46792 l46802 ls155 wtro3159 wtr1724 tro3160 tr1725">short </span><span class="pp-class-382 pa t46792 l46803 ls1073 wtro3159 wtr1724 tro3160 tr1725">term </span><span class="pp-class-382 pa t46792 l46804 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46792 l46805 ls728 wtro3159 wtr1724 tro3160 tr1725">impact </span><span class="pp-class-382 pa t46792 l46806 ls1243 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46792 l46807 ls3474 wtro3159 wtr1724 tro3160 tr1725">splitting </span><span class="pp-class-382 pa t46808 l3 ls1759 wtro3159 wtr1724 tro3160 tr1725">these </span><span class="pp-class-382 pa t46808 l46809 ls7694 wtro3159 wtr1724 tro3160 tr1725">contracts </span><span class="pp-class-382 pa t46808 l36247 ls3474 wtro3159 wtr1724 tro3160 tr1725">into </span><span class="pp-class-382 pa t46808 l46810 ls688 wtro3159 wtr1724 tro3160 tr1725">“distinct </span><span class="pp-class-382 pa t46808 l46811 ls56 wtro3159 wtr1724 tro3160 tr1725">services” </span><span class="pp-class-382 pa t46808 l46812 ls1323 wtro3159 wtr1724 tro3160 tr1725">will </span><span class="pp-class-382 pa t46808 l46813 ls830 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t46808 l46814 ls185 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t46808 l46815 ls2142 wtro3159 wtr1724 tro3160 tr1725">material </span><span class="pp-class-382 pa t46808 l46816 ls1772 wtro3159 wtr1724 tro3160 tr1725">impact. </span><span class="pp-class-382 pa t46808 l46817 ls1323 wtro3159 wtr1724 tro3160 tr1725">Most </span><span class="pp-class-382 pa t46808 l46818 ls53 wtro3159 wtr1724 tro3160 tr1725">transports </span><span class="pp-class-382 pa t46808 l46819 ls1237 wtro3159 wtr1724 tro3160 tr1725">carried </span><span class="pp-class-382 pa t46808 l46820 ls858 wtro3159 wtr1724 tro3160 tr1725">out </span><span class="pp-class-382 pa t46808 l46821 ls2784 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t46808 l46822 ls302 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46823 l3 ls14357 wtro3159 wtr1724 tro3160 tr1725">Ferry </span><span class="pp-class-382 pa t46823 l46824 ls5258 wtro3159 wtr1724 tro3160 tr1725">Division </span><span class="pp-class-382 pa t46823 l33768 ls18578 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46823 l46825 ls23508 wtro3159 wtr1724 tro3160 tr1725">characterised </span><span class="pp-class-382 pa t46823 l46826 ls14077 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t46823 l46827 ls1314 wtro3159 wtr1724 tro3160 tr1725">short </span><span class="pp-class-382 pa t46823 l46828 ls18761 wtro3159 wtr1724 tro3160 tr1725">delivery </span><span class="pp-class-382 pa t46823 l46829 ls2805 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t46823 l46830 ls4343 wtro3159 wtr1724 tro3160 tr1725">(most </span><span class="pp-class-382 pa t46823 l46831 ls5258 wtro3159 wtr1724 tro3160 tr1725">sailings </span><span class="pp-class-382 pa t46823 l33754 ls18578 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46823 l46832 ls2805 wtro3159 wtr1724 tro3160 tr1725">less </span><span class="pp-class-382 pa t46823 l20489 ls2805 wtro3159 wtr1724 tro3160 tr1725">than </span><span class="pp-class-382 pa t46823 l46833 ls3230 wtro3159 wtr1724 tro3160 tr1725">30 </span><span class="pp-class-382 pa t46823 l46834 ls4343 wtro3159 wtr1724 tro3160 tr1725">hours </span><span class="pp-class-382 pa t46823 l46835 ls4343 wtro3159 wtr1724 tro3160 tr1725">while </span><span class="pp-class-382 pa t46823 l24965 ls5258 wtro3159 wtr1724 tro3160 tr1725">sailings </span><span class="pp-class-382 pa t46823 l46836 ls2147 wtro3159 wtr1724 tro3160 tr1725">to/</span><span class="pp-class-382 pa t46837 l3 ls37002 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t46837 l38342 ls15767 wtro3159 wtr1724 tro3160 tr1725">Türkiye </span><span class="pp-class-382 pa t46837 l46838 ls20054 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t46837 l46839 ls2459 wtro3159 wtr1724 tro3160 tr1725">up </span><span class="pp-class-382 pa t46837 l46840 ls3382 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t46837 l21830 ls1736 wtro3159 wtr1724 tro3160 tr1725">72 </span><span class="pp-class-382 pa t46837 l12033 ls14385 wtro3159 wtr1724 tro3160 tr1725">hours). </span><span class="pp-class-382 pa t46837 l46841 ls29312 wtro3159 wtr1724 tro3160 tr1725">Transports </span><span class="pp-class-382 pa t46837 l46842 ls8446 wtro3159 wtr1724 tro3160 tr1725">carried </span><span class="pp-class-382 pa t46837 l46843 ls1057 wtro3159 wtr1724 tro3160 tr1725">out </span><span class="pp-class-382 pa t46837 l46844 ls1952 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t46837 l46845 ls1057 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t46837 l46846 ls9272 wtro3159 wtr1724 tro3160 tr1725">Logistics </span><span class="pp-class-382 pa t46837 l46847 ls16981 wtro3159 wtr1724 tro3160 tr1725">Division </span><span class="pp-class-382 pa t46837 l46848 ls1057 wtro3159 wtr1724 tro3160 tr1725">can </span><span class="pp-class-382 pa t46837 l46849 ls2459 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t46837 l46850 ls7212 wtro3159 wtr1724 tro3160 tr1725">over </span><span class="pp-class-382 pa t46837 l46851 ls5069 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t46837 l46852 ls1734 wtro3159 wtr1724 tro3160 tr1725">longer </span><span class="pp-class-382 pa t46837 l46853 ls1734 wtro3159 wtr1724 tro3160 tr1725">period.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46854 l3 ls124 wtro3159 wtr1062 tro3160 tr1063">Revenue </span><span class="pp-class-382 pa t46854 l46855 ls931 wtro3159 wtr1062 tro3160 tr1063">from </span><span class="pp-class-382 pa t46854 l46856 ls878 wtro3159 wtr1062 tro3160 tr1063">chartering </span><span class="pp-class-382 pa t46854 l46857 wtro3159 wtr1062 tro3160 tr1063">out </span><span class="pp-class-382 pa t46854 l46858 ls90 wtro3159 wtr1062 tro3160 tr1063">ferries </span><span class="pp-class-382 pa t46854 l46859 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t46854 l162 ls171 wtro3159 wtr1062 tro3160 tr1063">recognised </span><span class="pp-class-382 pa t46854 l46860 ls671 wtro3159 wtr1062 tro3160 tr1063">straight </span><span class="pp-class-382 pa t46854 l46861 wtro3159 wtr1062 tro3160 tr1063">line </span><span class="pp-class-382 pa t46854 l46862 ls3572 wtro3159 wtr1062 tro3160 tr1063">over </span><span class="pp-class-382 pa t46854 l46863 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t46854 l46864 ls68 wtro3159 wtr1062 tro3160 tr1063">duration </span><span class="pp-class-382 pa t46854 l46865 ls287 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46854 l46866 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t46854 l46867 ls1259 wtro3159 wtr1062 tro3160 tr1063">agreement. </span><span class="pp-class-382 pa t46868 l3 ls671 wtro3159 wtr1062 tro3160 tr1063">Onboard </span><span class="pp-class-382 pa t46868 l46869 wtro3159 wtr1062 tro3160 tr1063">sales </span><span class="pp-class-382 pa t46868 l46870 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t46868 l42279 ls171 wtro3159 wtr1062 tro3160 tr1063">recognised </span><span class="pp-class-382 pa t46868 l46871 ls2835 wtro3159 wtr1062 tro3160 tr1063">at </span><span class="pp-class-382 pa t46868 l46872 wtro3159 wtr1062 tro3160 tr1063">a </span><span class="pp-class-382 pa t46868 l46873 ls907 wtro3159 wtr1062 tro3160 tr1063">“point </span><span class="pp-class-382 pa t46868 l46874 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t46868 l46875 ls3362 wtro3159 wtr1062 tro3160 tr1063">time”. </span><span class="pp-class-382 pa t46868 l46876 ls124 wtro3159 wtr1062 tro3160 tr1063">Revenue </span><span class="pp-class-382 pa t46868 l46877 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t46868 l46878 ls1259 wtro3159 wtr1062 tro3160 tr1063">measured </span><span class="pp-class-382 pa t46868 l20654 ls2835 wtro3159 wtr1062 tro3160 tr1063">at </span><span class="pp-class-382 pa t46868 l46879 ls1005 wtro3159 wtr1062 tro3160 tr1063">fair </span><span class="pp-class-382 pa t46868 l46880 ls16 wtro3159 wtr1062 tro3160 tr1063">value </span><span class="pp-class-382 pa t46868 l46881 ls230 wtro3159 wtr1062 tro3160 tr1063">excluding </span><span class="pp-class-382 pa t46868 l46882 ls16 wtro3159 wtr1062 tro3160 tr1063">value </span><span class="pp-class-382 pa t46883 l3 ls166 wtro3159 wtr1062 tro3160 tr1063">added </span><span class="pp-class-382 pa t46883 l46884 ls45 wtro3159 wtr1062 tro3160 tr1063">tax </span><span class="pp-class-382 pa t46883 l46885 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46883 l46886 ls112 wtro3159 wtr1062 tro3160 tr1063">after </span><span class="pp-class-382 pa t46883 l46887 ls842 wtro3159 wtr1062 tro3160 tr1063">deduction </span><span class="pp-class-382 pa t46883 l35391 ls287 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46883 l46888 ls1955 wtro3159 wtr1062 tro3160 tr1063">trade </span><span class="pp-class-382 pa t46883 l46889 ls287 wtro3159 wtr1062 tro3160 tr1063">discounts. </span><span class="pp-class-382 pa t46883 l46890 ls14077 wtro3159 wtr1062 tro3160 tr1063">Trade </span><span class="pp-class-382 pa t46883 l46891 ls134 wtro3159 wtr1062 tro3160 tr1063">receivables </span><span class="pp-class-382 pa t46883 l46892 ls85 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46883 l46893 ls150 wtro3159 wtr1062 tro3160 tr1063">not </span><span class="pp-class-382 pa t46883 l46894 ls166 wtro3159 wtr1062 tro3160 tr1063">adjusted </span><span class="pp-class-382 pa t46883 l46895 ls43 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t46883 l46896 ls43 wtro3159 wtr1062 tro3160 tr1063">any </span><span class="pp-class-382 pa t46897 l3 wtro3159 wtr1062 tro3160 tr1063">financing </span><span class="pp-class-382 pa t46897 l46898 ls287 wtro3159 wtr1062 tro3160 tr1063">component </span><span class="pp-class-382 pa t46897 l46899 wtro3159 wtr1062 tro3160 tr1063">when </span><span class="pp-class-382 pa t46897 l46900 ls112 wtro3159 wtr1062 tro3160 tr1063">recognised. </span><span class="pp-class-382 pa t46897 l46901 wtro3159 wtr1062 tro3160 tr1063">The </span><span class="pp-class-382 pa t46897 l46902 ls671 wtro3159 wtr1062 tro3160 tr1063">general </span><span class="pp-class-382 pa t46897 l46903 ls134 wtro3159 wtr1062 tro3160 tr1063">credit </span><span class="pp-class-382 pa t46897 l46904 ls37 wtro3159 wtr1062 tro3160 tr1063">terms </span><span class="pp-class-382 pa t46897 l46905 ls85 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46897 l46906 ls1259 wtro3159 wtr1062 tro3160 tr1063">following </span><span class="pp-class-382 pa t46897 l46907 ls16 wtro3159 wtr1062 tro3160 tr1063">market </span><span class="pp-class-382 pa t46897 l46908 ls37 wtro3159 wtr1062 tro3160 tr1063">terms.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46909 l3 ls3382 wtro3159 wtr1062 tro3160 tr1063">Accounting </span><span class="pp-class-382 pa t46909 l46910 ls195 wtro3159 wtr1062 tro3160 tr1063">estimates </span><span class="pp-class-382 pa t46909 l46911 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46909 l46912 ls7858 wtro3159 wtr1062 tro3160 tr1063">judgements </span><span class="pp-class-382 pa t46909 l46913 ls719 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46909 l46914 ls2138 wtro3159 wtr1062 tro3160 tr1063">made </span><span class="pp-class-382 pa t46909 l46915 ls2142 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t46909 l46916 ls3310 wtro3159 wtr1062 tro3160 tr1063">order </span><span class="pp-class-382 pa t46909 l46917 ls4305 wtro3159 wtr1062 tro3160 tr1063">to </span><span class="pp-class-382 pa t46909 l46918 ls2143 wtro3159 wtr1062 tro3160 tr1063">determine </span><span class="pp-class-382 pa t46909 l46919 ls7694 wtro3159 wtr1062 tro3160 tr1063">time </span><span class="pp-class-382 pa t46909 l46920 ls2854 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46909 l46921 ls185 wtro3159 wtr1062 tro3160 tr1063">delivery </span><span class="pp-class-382 pa t46909 l46922 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46909 l46923 ls2955 wtro3159 wtr1062 tro3160 tr1063">accrue </span><span class="pp-class-382 pa t46909 l46924 ls3105 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t46925 l3 ls2766 wtro3159 wtr1062 tro3160 tr1063">relevant </span><span class="pp-class-382 pa t46925 l46926 ls7756 wtro3159 wtr1062 tro3160 tr1063">income </span><span class="pp-class-382 pa t46925 l46927 ls7094 wtro3159 wtr1062 tro3160 tr1063">along </span><span class="pp-class-382 pa t46925 l12767 ls7694 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t46925 l46928 ls4343 wtro3159 wtr1062 tro3160 tr1063">evaluation </span><span class="pp-class-382 pa t46925 l21259 ls2854 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t46925 l46929 ls4396 wtro3159 wtr1062 tro3160 tr1063">pricing. </span><span class="pp-class-382 pa t46925 l46930 ls7094 wtro3159 wtr1062 tro3160 tr1063">These </span><span class="pp-class-382 pa t46925 l46931 ls1015 wtro3159 wtr1062 tro3160 tr1063">accounting </span><span class="pp-class-382 pa t46925 l46932 ls195 wtro3159 wtr1062 tro3160 tr1063">estimates </span><span class="pp-class-382 pa t46925 l46933 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46925 l46934 ls7858 wtro3159 wtr1062 tro3160 tr1063">judgements </span><span class="pp-class-382 pa t46925 l46935 ls650 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t46936 l3 ls7094 wtro3159 wtr1062 tro3160 tr1063">based </span><span class="pp-class-382 pa t46936 l46937 ls2142 wtro3159 wtr1062 tro3160 tr1063">on </span><span class="pp-class-382 pa t46936 l46938 ls2588 wtro3159 wtr1062 tro3160 tr1063">experience </span><span class="pp-class-382 pa t46936 l9561 ls2944 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t46936 l46939 ls2134 wtro3159 wtr1062 tro3160 tr1063">historical </span><span class="pp-class-382 pa t46936 l46940 ls7094 wtro3159 wtr1062 tro3160 tr1063">sales </span><span class="pp-class-382 pa t46936 l46941 ls2796 wtro3159 wtr1062 tro3160 tr1063">figures </span><span class="pp-class-382 pa t46936 l46942 ls7094 wtro3159 wtr1062 tro3160 tr1063">along </span><span class="pp-class-382 pa t46936 l46943 ls7694 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t46936 l46944 ls1077 wtro3159 wtr1062 tro3160 tr1063">a </span><span class="pp-class-382 pa t46936 l36973 ls7858 wtro3159 wtr1062 tro3160 tr1063">continuous </span><span class="pp-class-382 pa t46936 l46945 ls3310 wtro3159 wtr1062 tro3160 tr1063">follow-up </span><span class="pp-class-382 pa t46936 l46946 ls2142 wtro3159 wtr1062 tro3160 tr1063">on </span><span class="pp-class-382 pa t46936 l46947 ls1463 wtro3159 wtr1062 tro3160 tr1063">service </span><span class="pp-class-382 pa t46936 l46948 ls1734 wtro3159 wtr1062 tro3160 tr1063">delivered.</span></p> <div id="pp-id-5103" xmlns="http://www.w3.org/1999/xhtml"><div class="w46290 h46949 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1323">2.3 </span><span class="pp-class-370 pa t21055 l43638">Costs</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46950 l3">DKK </span><span class="pp-class-372 pa t46950 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46950 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46950 l46293">2023</span><span class="pp-class-374 pa t46951 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46952 l3 ls910">Ferry </span><span class="pp-class-373 pa t46952 l46953">and </span><span class="pp-class-373 pa t46952 l36703 ls907">other </span><span class="pp-class-373 pa t46952 l46954">ship </span><span class="pp-class-373 pa t46952 l34245 ls134">operation </span><span class="pp-class-373 pa t46952 l46955">and </span><span class="pp-class-373 pa t46952 l44555 ls2329">maintenance:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46956 l3 ls93">Ferry </span><span class="pp-class-372 pa t46956 l9449">and </span><span class="pp-class-372 pa t46956 l19142 ls72">other </span><span class="pp-class-372 pa t46956 l42314">ship </span><span class="pp-class-372 pa t46956 l32710">costs </span><span class="pp-class-372 pa t46956 l46957 ls96">including </span><span class="pp-class-372 pa t46956 l46958 ls910">charter </span><span class="pp-class-372 pa t46956 l46959 ls1955">related </span><span class="pp-class-372 pa t46956 l46960">cost</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46956 l46961 ls2955">3,096</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46956 l46962 ls1298">2,428</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46963 l3 ls138">Bunker</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46963 l46964 ls2955">3,021</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46963 l46965 ls1073">3,169</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46966 l3 ls2459">Total </span><span class="pp-class-373 pa t46966 l29712 ls910">ferry </span><span class="pp-class-373 pa t46966 l46205">and </span><span class="pp-class-373 pa t46966 l46967 ls907">other </span><span class="pp-class-373 pa t46966 l22732">ship </span><span class="pp-class-373 pa t46966 l46968 ls134">operation </span><span class="pp-class-373 pa t46966 l46969">and </span><span class="pp-class-373 pa t46966 l46970 ls287">maintenance</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46966 l46971 ls1176">6,117</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46966 l46972 ls1015">5,597</span></p></td></tr></table></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5104" xmlns="http://www.w3.org/1999/xhtml"><div class="w46973 h46974 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46726 l3 ls1323">Ferry </span><span class="pp-class-382 pa t46726 l46975 ls858">and </span><span class="pp-class-382 pa t46726 l8703 ls296">other </span><span class="pp-class-382 pa t46726 l46976 ls1323">ship </span><span class="pp-class-382 pa t46726 l42797 ls1759">costs </span><span class="pp-class-382 pa t46726 l46977 ls2694">comprise </span><span class="pp-class-382 pa t46726 l46978 ls1759">costs </span><span class="pp-class-382 pa t46726 l46417 ls103">of </span><span class="pp-class-382 pa t46726 l46979 ls1759">sales </span><span class="pp-class-382 pa t46726 l46980 ls3458">related </span><span class="pp-class-382 pa t46726 l46981 ls1759">to </span><span class="pp-class-382 pa t46726 l46982 ls2142">catering </span><span class="pp-class-382 pa t46726 l46983 ls1080">as </span><span class="pp-class-382 pa t46726 l46984 ls960">well </span><span class="pp-class-382 pa t46726 l46985 ls1080">as </span><span class="pp-class-382 pa t46726 l46986 ls1701">maintenance </span><span class="pp-class-382 pa t46726 l46987 ls302">and </span><span class="pp-class-382 pa t46741 l3 ls7094">daily </span><span class="pp-class-382 pa t46741 l17945 ls1237">running </span><span class="pp-class-382 pa t46741 l46604 ls1759">costs </span><span class="pp-class-382 pa t46741 l46988 ls103">of </span><span class="pp-class-382 pa t46741 l46989 ls2489">ferries </span><span class="pp-class-382 pa t46741 l19166 ls858">and </span><span class="pp-class-382 pa t46741 l46990 ls296">other </span><span class="pp-class-382 pa t46741 l34838 ls2486">ships. </span><span class="pp-class-382 pa t46741 l46991 ls5069">Bunker </span><span class="pp-class-382 pa t46741 l46992 ls4275">consumption </span><span class="pp-class-382 pa t46741 l46993 ls238">includes </span><span class="pp-class-382 pa t46741 l46994 ls2694">hedging. </span><span class="pp-class-382 pa t46741 l46995 ls688">Write-downs </span><span class="pp-class-382 pa t46760 l3 ls858">and </span><span class="pp-class-382 pa t46760 l29386 ls8853">realised </span><span class="pp-class-382 pa t46760 l46996 ls2486">losses </span><span class="pp-class-382 pa t46760 l46997 ls1080">on </span><span class="pp-class-382 pa t46760 l46998 ls646">trade </span><span class="pp-class-382 pa t46760 l46999 ls2787">receivables </span><span class="pp-class-382 pa t46760 l36608 ls800">are </span><span class="pp-class-382 pa t46760 l47000 ls238">included </span><span class="pp-class-382 pa t46760 l47001 ls1080">in </span><span class="pp-class-382 pa t46760 l47002 ls869">ferry </span><span class="pp-class-382 pa t46760 l47003 ls858">and </span><span class="pp-class-382 pa t46760 l47004 ls296">other </span><span class="pp-class-382 pa t46760 l47005 ls1323">ship </span><span class="pp-class-382 pa t46760 l47006 ls2760">operation </span><span class="pp-class-382 pa t46760 l47007 ls302">and </span><span class="pp-class-382 pa t46775 l3 ls2113">maintenance. </span><span class="pp-class-382 pa t46775 l37694 ls99">Port </span><span class="pp-class-382 pa t46775 l36793 ls296">terminal </span><span class="pp-class-382 pa t46775 l47008 ls4305">operations </span><span class="pp-class-382 pa t46775 l47009 ls858">and </span><span class="pp-class-382 pa t46775 l47010 ls3539">Transport </span><span class="pp-class-382 pa t46775 l47011 ls3474">solutions </span><span class="pp-class-382 pa t46775 l47012 ls1099">and </span><span class="pp-class-382 pa t46775 l20765 ls1463">warehouse </span><span class="pp-class-382 pa t46775 l47013 ls3474">solutions </span><span class="pp-class-382 pa t46775 l47014 ls800">are </span><span class="pp-class-382 pa t46775 l47015 ls1080">costs </span><span class="pp-class-382 pa t46792 l3 ls3458">related </span><span class="pp-class-382 pa t46792 l45005 ls1759">to </span><span class="pp-class-382 pa t46792 l47016 ls869">land-based </span><span class="pp-class-382 pa t46792 l17387 ls688">activities </span><span class="pp-class-382 pa t46792 l47017 ls1323">such </span><span class="pp-class-382 pa t46792 l47018 ls1080">as </span><span class="pp-class-382 pa t46792 l47019 ls852">stevedoring, </span><span class="pp-class-382 pa t46792 l47020 ls296">terminal, </span><span class="pp-class-382 pa t46792 l47021 ls858">and </span><span class="pp-class-382 pa t46792 l47022 ls3477">haulage </span><span class="pp-class-382 pa t46792 l47023 ls2486">costs. </span><span class="pp-class-382 pa t46792 l47024 ls1759">Costs </span><span class="pp-class-382 pa t46792 l47025 ls103">of </span><span class="pp-class-382 pa t46792 l47026 ls1759">sales </span><span class="pp-class-382 pa t46792 l47027 ls302">and </span><span class="pp-class-382 pa t46808 l3 ls2787">administration </span><span class="pp-class-382 pa t46808 l47028 ls2694">comprise </span><span class="pp-class-382 pa t46808 l47029 ls1759">costs </span><span class="pp-class-382 pa t46808 l38121 ls103">of </span><span class="pp-class-382 pa t46808 l47030 ls2486">sales, </span><span class="pp-class-382 pa t46808 l47031 ls960">marketing, </span><span class="pp-class-382 pa t46808 l47032 ls858">and </span><span class="pp-class-382 pa t46808 l47033 ls2787">administration.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46837 l3 ls1243">From </span><span class="pp-class-382 pa t46837 l33777 ls3572">January </span><span class="pp-class-382 pa t46837 l43267 ls2854">2024, </span><span class="pp-class-382 pa t46837 l47034 ls1323">DFDS </span><span class="pp-class-382 pa t46837 l47035 ls1080">is </span><span class="pp-class-382 pa t46837 l47036 ls238">included </span><span class="pp-class-382 pa t46837 l47037 ls1080">in </span><span class="pp-class-382 pa t46837 l47038 ls858">the </span><span class="pp-class-382 pa t46837 l39198 ls1759">scope </span><span class="pp-class-382 pa t46837 l47039 ls103">of </span><span class="pp-class-382 pa t46837 l47040 ls1073">companies </span><span class="pp-class-382 pa t46837 l47041 ls3474">subject </span><span class="pp-class-382 pa t46837 l47042 ls1759">to </span><span class="pp-class-382 pa t46837 l47043 ls2694">Maritime </span><span class="pp-class-382 pa t46837 l47044 ls99">Emission </span><span class="pp-class-382 pa t47045 l3 ls8634">Trading </span><span class="pp-class-382 pa t47045 l47046 ls2486">Scheme </span><span class="pp-class-382 pa t47045 l47047 ls2113">(ETS). </span><span class="pp-class-382 pa t47045 l47048 ls1323">Cost </span><span class="pp-class-382 pa t47045 l47049 ls1323">will </span><span class="pp-class-382 pa t47045 l18529 ls1080">be </span><span class="pp-class-382 pa t47045 l47050 ls2970">recognised </span><span class="pp-class-382 pa t47045 l47051 ls2688">monthly </span><span class="pp-class-382 pa t47045 l47052 ls1759">based </span><span class="pp-class-382 pa t47045 l47053 ls1080">on </span><span class="pp-class-382 pa t47045 l37242 ls8853">measured </span><span class="pp-class-382 pa t47045 l47054 ls1073">emissions </span><span class="pp-class-382 pa t47045 l47055 ls1083">at </span><span class="pp-class-382 pa t47045 l47056 ls1110">hedged </span><span class="pp-class-382 pa t46854 l3 ls2486">prices </span><span class="pp-class-382 pa t46854 l32237">- </span><span class="pp-class-382 pa t46854 l47057 ls3278">for </span><span class="pp-class-382 pa t46854 l47058 ls1818">certificates </span><span class="pp-class-382 pa t46854 l47059 ls2143">covered </span><span class="pp-class-382 pa t46854 l47060 ls2784">by </span><span class="pp-class-382 pa t46854 l21576 ls1237">hedging </span><span class="pp-class-382 pa t46854 l47061">- </span><span class="pp-class-382 pa t46854 l47062 ls1099">and </span><span class="pp-class-382 pa t46854 l27849 ls1083">at </span><span class="pp-class-382 pa t46854 l47063 ls806">spot </span><span class="pp-class-382 pa t46854 l47064 ls2486">prices </span><span class="pp-class-382 pa t46854 l47065">- </span><span class="pp-class-382 pa t46854 l47066 ls3278">for </span><span class="pp-class-382 pa t46854 l47067 ls1759">those </span><span class="pp-class-382 pa t46854 l47068 ls830">not </span><span class="pp-class-382 pa t46854 l47069 ls2143">covered </span><span class="pp-class-382 pa t46854 l47070 ls2784">by </span><span class="pp-class-382 pa t46854 l47071 ls2486">hedges.</span></p></div></div><div id="pp-id-5107" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h47072 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1110">2.4 </span><span class="pp-class-370 pa t21055 l43638 ls2489">Employee </span><span class="pp-class-370 pa t21055 l47073">costs</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3 ls1257">Wages, </span><span class="pp-class-372 pa t42308 l47074">salaries </span><span class="pp-class-372 pa t42308 l47075">and </span><span class="pp-class-372 pa t42308 l47076 ls230">remuneration</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l47077 ls1073">5,195</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l47078 ls1073">4,604</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l3 ls225">Hereof </span><span class="pp-class-372 pa t42312 l47079 ls105">capitalised </span><span class="pp-class-372 pa t42312 l47080 ls16">employee </span><span class="pp-class-372 pa t42312 l15119">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l47081">-42</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l47082">-44</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l3 ls2220">Defined </span><span class="pp-class-372 pa t42313 l47083 ls2329">contribution </span><span class="pp-class-372 pa t42313 l17551">pension </span><span class="pp-class-372 pa t42313 l47084">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l42409">233</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l47085">211</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l3 ls2220">Defined </span><span class="pp-class-372 pa t42319 l47083 ls2220">benefit </span><span class="pp-class-372 pa t42319 l47086">pension </span><span class="pp-class-372 pa t42319 l47087">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l46595">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l47088">8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l3">Other </span><span class="pp-class-372 pa t42324 l8525">social </span><span class="pp-class-372 pa t42324 l47089">security </span><span class="pp-class-372 pa t42324 l47090">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l47091">539</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l47092 ls2835">414</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42329 l3 ls110">Share </span><span class="pp-class-372 pa t42329 l3267">based </span><span class="pp-class-372 pa t42329 l47093 ls138">payment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42329 l47094">26</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42329 l47095">28</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42332 l3">Other </span><span class="pp-class-372 pa t42332 l8525 ls16">employee </span><span class="pp-class-372 pa t42332 l14292">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42332 l47096">399</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42332 l47097">352</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47098 l3 ls265">Government </span><span class="pp-class-372 pa t47098 l39764 ls39">grants </span><span class="pp-class-372 pa t47098 l47099 ls978">(Covid-19)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47098 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47098 l47100">-2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47101 l3 ls2459">Total </span><span class="pp-class-373 pa t47101 l29712 ls1955">employee </span><span class="pp-class-373 pa t47101 l47102">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47101 l47103 ls830">6,361</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47101 l45460 ls47104">5,572</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42352 l3">Full </span><span class="pp-class-372 pa t42352 l47105">time </span><span class="pp-class-372 pa t42352 l47106 ls150">equivalents </span><span class="pp-class-372 pa t42352 l47107">(FTE), </span><span class="pp-class-372 pa t42352 l34231 ls5039">average</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42352 l47108 ls854">14,121</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42352 l47109 ls214">13,191</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t47110 l3 ls878">Reference </span><span class="pp-class-372 pa t47110 l17365 ls6330">is </span><span class="pp-class-372 pa t47110 l37860 ls324">made </span><span class="pp-class-372 pa t47110 l47111 ls1969">to </span><span class="pp-class-372 pa t47110 l47112 ls2084">note </span><span class="pp-class-372 pa t47110 l47113 ls1305">3.2.5 </span><span class="pp-class-372 pa t47110 l4849 ls910">for </span><span class="pp-class-372 pa t47110 l29754 ls2687">detailed </span><span class="pp-class-372 pa t47110 l47114 ls2084">information </span><span class="pp-class-372 pa t47110 l47115 ls6330">on </span><span class="pp-class-372 pa t47110 l47116 ls6081">pension </span><span class="pp-class-372 pa t47110 l29778 ls2632">plans, </span><span class="pp-class-372 pa t47110 l47117 ls2084">note </span><span class="pp-class-372 pa t47110 l47118 ls858">5.1 </span><span class="pp-class-372 pa t47110 l47119 ls910">for </span><span class="pp-class-372 pa t47110 l47120 ls2687">detailed </span><span class="pp-class-372 pa t47110 l47121 ls502">information </span><span class="pp-class-372 pa t47122 l3 ls6330">on </span><span class="pp-class-372 pa t47122 l47123 ls842">remuneration </span><span class="pp-class-372 pa t47122 l33373 ls4906">of </span><span class="pp-class-372 pa t47122 l18220 ls2070">Management </span><span class="pp-class-372 pa t47122 l47124 ls4575">and </span><span class="pp-class-372 pa t47122 l6079 ls2084">note </span><span class="pp-class-372 pa t47122 l47125 ls7096">5.3 </span><span class="pp-class-372 pa t47122 l47126 ls910">for </span><span class="pp-class-372 pa t47122 l43736 ls2687">detailed </span><span class="pp-class-372 pa t47122 l47127 ls2084">information </span><span class="pp-class-372 pa t47122 l47128 ls6330">on </span><span class="pp-class-372 pa t47122 l47129 ls4575">the </span><span class="pp-class-372 pa t47122 l47130 ls138">Group’s </span><span class="pp-class-372 pa t47122 l47131 ls2220">share </span><span class="pp-class-372 pa t47122 l47132 ls6330">based </span><span class="pp-class-372 pa t47133 l3 ls272">payment </span><span class="pp-class-372 pa t47133 l47134 ls6081">schemes.</span></p><div id="pp-id-5106"><div class="pp-class-363 pp-class-395" id="pp-id-5105"><div class="w37231 h47135 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls2769">Wages, </span><span class="pp-class-382 pa t29793 l47136 ls1073">salaries, </span><span class="pp-class-382 pa t29793 l47137 ls2486">social </span><span class="pp-class-382 pa t29793 l47138 ls2694">security </span><span class="pp-class-382 pa t29793 l47139 ls238">contributions, </span><span class="pp-class-382 pa t29793 l47140 ls1237">pension </span><span class="pp-class-382 pa t29793 l47141 ls238">contributions, </span><span class="pp-class-382 pa t29793 l47142 ls1323">paid </span><span class="pp-class-382 pa t29793 l47143 ls2486">annual </span><span class="pp-class-382 pa t29793 l47144 ls9967">leave </span><span class="pp-class-382 pa t29793 l47145 ls1099">and </span><span class="pp-class-382 pa t29793 l47146 ls1955">sick </span><span class="pp-class-382 pa t29798 l3 ls1864">leave, </span><span class="pp-class-382 pa t29798 l47147 ls2694">bonuses, </span><span class="pp-class-382 pa t29798 l47148 ls858">and </span><span class="pp-class-382 pa t29798 l47149 ls1077">non-monetary </span><span class="pp-class-382 pa t29798 l47150 ls1073">benefits </span><span class="pp-class-382 pa t29798 l47151 ls800">are </span><span class="pp-class-382 pa t29798 l47152 ls1772">accrued </span><span class="pp-class-382 pa t29798 l47153 ls1080">in </span><span class="pp-class-382 pa t29798 l47154 ls858">the </span><span class="pp-class-382 pa t29798 l47155 ls960">year </span><span class="pp-class-382 pa t29798 l47156 ls1080">in </span><span class="pp-class-382 pa t29798 l20742 ls1759">which </span><span class="pp-class-382 pa t29798 l47157 ls1099">the </span><span class="pp-class-382 pa t29798 l47158 ls803">associated </span><span class="pp-class-382 pa t29798 l47159 ls85">services </span><span class="pp-class-382 pa t36806 l3 ls800">are </span><span class="pp-class-382 pa t36806 l43707 ls3435">rendered </span><span class="pp-class-382 pa t36806 l47160 ls2784">by </span><span class="pp-class-382 pa t36806 l24419 ls6007">employees </span><span class="pp-class-382 pa t36806 l47161 ls103">of </span><span class="pp-class-382 pa t36806 l47162 ls858">the </span><span class="pp-class-382 pa t36806 l47163 ls2149">Group. </span><span class="pp-class-382 pa t36806 l47164 ls2784">Where </span><span class="pp-class-382 pa t36806 l47165 ls858">the </span><span class="pp-class-382 pa t36806 l47166 ls2784">Group </span><span class="pp-class-382 pa t36806 l47167 ls3377">provides </span><span class="pp-class-382 pa t36806 l47168 ls1077">long-term </span><span class="pp-class-382 pa t36806 l47169 ls1316">employee </span><span class="pp-class-382 pa t36806 l47170 ls819">benefits, </span><span class="pp-class-382 pa t36806 l47171 ls302">the </span><span class="pp-class-382 pa t29811 l3 ls1759">costs </span><span class="pp-class-382 pa t29811 l34282 ls800">are </span><span class="pp-class-382 pa t29811 l47172 ls1772">accrued </span><span class="pp-class-382 pa t29811 l47173 ls1759">to </span><span class="pp-class-382 pa t29811 l30751 ls1150">match </span><span class="pp-class-382 pa t29811 l47174 ls858">the </span><span class="pp-class-382 pa t29811 l47175 ls960">rendering </span><span class="pp-class-382 pa t29811 l47176 ls103">of </span><span class="pp-class-382 pa t29811 l47177 ls858">the </span><span class="pp-class-382 pa t29811 l47178 ls1099">services </span><span class="pp-class-382 pa t29811 l47179 ls2784">by </span><span class="pp-class-382 pa t29811 l47180 ls1099">the </span><span class="pp-class-382 pa t29811 l47181 ls6007">employees.</span></p></div></div></div></div></div><div id="pp-id-5129" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h47182 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls4279">2.5 </span><span class="pp-class-370 pa t21055 l43638 ls16997">Amortisation, </span><span class="pp-class-370 pa t21055 l47183 ls124">depreciation, </span><span class="pp-class-370 pa t21055 l47184">and </span><span class="pp-class-370 pa t21055 l47185 ls907">impairment </span><span class="pp-class-370 pa t47186 l43638 ls1264">losses </span><span class="pp-class-370 pa t47186 l47187 ls166">for </span><span class="pp-class-370 pa t47186 l47188">the </span><span class="pp-class-370 pa t47186 l47189 ls2489">year</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47190 l3">DKK </span><span class="pp-class-372 pa t47190 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47190 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47190 l46293">2023</span><span class="pp-class-374 pa t47191 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47192 l3 ls90">Amortisation </span><span class="pp-class-373 pa t47192 l47193">and </span><span class="pp-class-373 pa t47192 l13097 ls854">depreciation </span><span class="pp-class-373 pa t47192 l47194 ls175">for </span><span class="pp-class-373 pa t47192 l47195">the </span><span class="pp-class-373 pa t47192 l47196 ls68">year:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47197 l3 ls274">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47197 l42534 ls2143">76</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47197 l42724">64</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47198 l3 ls980">Port </span><span class="pp-class-372 pa t47198 l42320">concession </span><span class="pp-class-372 pa t47198 l42608 ls907">rights </span><span class="pp-class-372 pa t47198 l31265 ls931">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47198 l46702">52</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47198 l47199">35</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47200 l3">Other </span><span class="pp-class-372 pa t47200 l8525 ls171">non-current </span><span class="pp-class-372 pa t47200 l42613 ls842">intangible </span><span class="pp-class-372 pa t47200 l42614 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47200 l47201">82</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47200 l47202 ls728">78</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47203 l3 ls2459">Total </span><span class="pp-class-373 pa t47203 l29712 ls90">amortisation </span><span class="pp-class-373 pa t47203 l8492 ls175">for </span><span class="pp-class-373 pa t47203 l47204">the </span><span class="pp-class-373 pa t47203 l47205 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47203 l47206 ls913">210</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47203 l47207 ls12804">178</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47208 l3">Land </span><span class="pp-class-372 pa t47208 l42636">&amp; </span><span class="pp-class-372 pa t47208 l47209">Buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47208 l42358">34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47208 l42351">26</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47210 l3 ls2854">Terminals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47210 l45310 ls2143">70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47210 l47211">67</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47212 l3 ls45">Ferries </span><span class="pp-class-372 pa t47212 l4063">and </span><span class="pp-class-372 pa t47212 l39511 ls72">other </span><span class="pp-class-372 pa t47212 l16256">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47212 l47213 ls2848">1,171</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47212 l47214 ls1073">1,060</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47215 l3 ls45">Equipment </span><span class="pp-class-372 pa t47215 l47216 ls931">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47215 l47217">449</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47215 l47218">432</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47219 l3 ls931">Right-of-use </span><span class="pp-class-372 pa t47219 l42662 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47219 l47220 ls1073">1,069</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47219 l47221">888</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47222 l3 ls2459">Total </span><span class="pp-class-373 pa t47222 l29712 ls854">depreciation </span><span class="pp-class-373 pa t47222 l47223 ls175">for </span><span class="pp-class-373 pa t47222 l47224">the </span><span class="pp-class-373 pa t47222 l52 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47222 l47225 ls14385">2,793</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47222 l47226 ls11771">2,473</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47227 l3 ls2459">Total </span><span class="pp-class-373 pa t47227 l29712 ls90">amortisation </span><span class="pp-class-373 pa t47227 l8492">and </span><span class="pp-class-373 pa t47227 l9517 ls854">depreciation </span><span class="pp-class-373 pa t47227 l47228 ls175">for </span><span class="pp-class-373 pa t47227 l47229">the </span><span class="pp-class-373 pa t47227 l47230 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47227 l47231 ls852">3,002</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47227 l47232 ls99">2,651</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47233 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47234 l3 ls2482">Reversal </span><span class="pp-class-373 pa t47234 l47235">of </span><span class="pp-class-373 pa t47234 l47236 ls287">impairment </span><span class="pp-class-373 pa t47234 l47237 ls37">losses </span><span class="pp-class-373 pa t47234 l14601 ls175">for </span><span class="pp-class-373 pa t47234 l47238">the </span><span class="pp-class-373 pa t47234 l47239 ls68">year:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47240 l3 ls45">Ferries </span><span class="pp-class-372 pa t47240 l4063">and </span><span class="pp-class-372 pa t47240 l39511 ls72">other </span><span class="pp-class-372 pa t47240 l16256">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47240 l42370">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47240 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47241 l3 ls2459">Total </span><span class="pp-class-373 pa t47241 l29712 ls1298">reversal </span><span class="pp-class-373 pa t47241 l47242">of </span><span class="pp-class-373 pa t47241 l47243 ls287">impairment </span><span class="pp-class-373 pa t47241 l10261 ls37">losses </span><span class="pp-class-373 pa t47241 l47244 ls175">for </span><span class="pp-class-373 pa t47241 l47245">the </span><span class="pp-class-373 pa t47241 l47246 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47241 l47247">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47241 l47248">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47249 l3 ls2459">Total </span><span class="pp-class-373 pa t47249 l29712 ls193">amortisation, </span><span class="pp-class-373 pa t47249 l43892 ls854">depreciation </span><span class="pp-class-373 pa t47249 l16560">and </span><span class="pp-class-373 pa t47249 l47250 ls287">impairment </span><span class="pp-class-373 pa t47249 l47251 ls37">losses </span><span class="pp-class-373 pa t47249 l47252 ls175">for </span><span class="pp-class-373 pa t47249 l47253">the </span><span class="pp-class-373 pa t47249 l47254 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47249 l47255 ls658">2,969</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47249 l47256 ls99">2,652</span></p></td></tr></table><div id="pp-id-5128"><div class="pp-class-363 pp-class-395" id="pp-id-5127"><div class="w37231 h46546 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls238">Amortisation </span><span class="pp-class-382 pa t29793 l47257 ls858">and </span><span class="pp-class-382 pa t29793 l47258 ls3623">depreciation </span><span class="pp-class-382 pa t29793 l43903 ls3278">for </span><span class="pp-class-382 pa t29793 l47259 ls858">the </span><span class="pp-class-382 pa t29793 l47260 ls960">year </span><span class="pp-class-382 pa t29793 l47261 ls800">are </span><span class="pp-class-382 pa t29793 l47262 ls2970">recognised </span><span class="pp-class-382 pa t29793 l47263 ls1759">based </span><span class="pp-class-382 pa t29793 l47264 ls1080">on </span><span class="pp-class-382 pa t29793 l47265 ls1099">the </span><span class="pp-class-382 pa t29793 l47266 ls238">amortisation </span><span class="pp-class-382 pa t29793 l47267 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls3623">depreciation </span><span class="pp-class-382 pa t29798 l47268 ls4299">profiles </span><span class="pp-class-382 pa t29798 l47269 ls103">of </span><span class="pp-class-382 pa t29798 l47270 ls858">the </span><span class="pp-class-382 pa t29798 l16742 ls1083">underlying </span><span class="pp-class-382 pa t29798 l47271 ls3474">assets. </span><span class="pp-class-382 pa t29798 l47272 ls2944">Reference </span><span class="pp-class-382 pa t29798 l47273 ls1080">is </span><span class="pp-class-382 pa t29798 l47274 ls1772">made </span><span class="pp-class-382 pa t29798 l43685 ls1759">to </span><span class="pp-class-382 pa t29798 l47275 ls1859">note </span><span class="pp-class-382 pa t29798 l47276 ls2149">3.1.1, </span><span class="pp-class-382 pa t29798 l47277 ls7094">3.1.2 </span><span class="pp-class-382 pa t29798 l47278 ls858">and </span><span class="pp-class-382 pa t29798 l47279 ls1055">3.1.3.</span></p></div></div></div></div></div> <div id="pp-id-5103" xmlns="http://www.w3.org/1999/xhtml"><div class="w46290 h46949 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1323">2.3 </span><span class="pp-class-370 pa t21055 l43638">Costs</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46950 l3">DKK </span><span class="pp-class-372 pa t46950 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46950 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46950 l46293">2023</span><span class="pp-class-374 pa t46951 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46952 l3 ls910">Ferry </span><span class="pp-class-373 pa t46952 l46953">and </span><span class="pp-class-373 pa t46952 l36703 ls907">other </span><span class="pp-class-373 pa t46952 l46954">ship </span><span class="pp-class-373 pa t46952 l34245 ls134">operation </span><span class="pp-class-373 pa t46952 l46955">and </span><span class="pp-class-373 pa t46952 l44555 ls2329">maintenance:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46956 l3 ls93">Ferry </span><span class="pp-class-372 pa t46956 l9449">and </span><span class="pp-class-372 pa t46956 l19142 ls72">other </span><span class="pp-class-372 pa t46956 l42314">ship </span><span class="pp-class-372 pa t46956 l32710">costs </span><span class="pp-class-372 pa t46956 l46957 ls96">including </span><span class="pp-class-372 pa t46956 l46958 ls910">charter </span><span class="pp-class-372 pa t46956 l46959 ls1955">related </span><span class="pp-class-372 pa t46956 l46960">cost</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46956 l46961 ls2955">3,096</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46956 l46962 ls1298">2,428</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46963 l3 ls138">Bunker</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46963 l46964 ls2955">3,021</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46963 l46965 ls1073">3,169</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46966 l3 ls2459">Total </span><span class="pp-class-373 pa t46966 l29712 ls910">ferry </span><span class="pp-class-373 pa t46966 l46205">and </span><span class="pp-class-373 pa t46966 l46967 ls907">other </span><span class="pp-class-373 pa t46966 l22732">ship </span><span class="pp-class-373 pa t46966 l46968 ls134">operation </span><span class="pp-class-373 pa t46966 l46969">and </span><span class="pp-class-373 pa t46966 l46970 ls287">maintenance</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46966 l46971 ls1176">6,117</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t46966 l46972 ls1015">5,597</span></p></td></tr></table></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5104" xmlns="http://www.w3.org/1999/xhtml"><div class="w46973 h46974 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46726 l3 ls1323">Ferry </span><span class="pp-class-382 pa t46726 l46975 ls858">and </span><span class="pp-class-382 pa t46726 l8703 ls296">other </span><span class="pp-class-382 pa t46726 l46976 ls1323">ship </span><span class="pp-class-382 pa t46726 l42797 ls1759">costs </span><span class="pp-class-382 pa t46726 l46977 ls2694">comprise </span><span class="pp-class-382 pa t46726 l46978 ls1759">costs </span><span class="pp-class-382 pa t46726 l46417 ls103">of </span><span class="pp-class-382 pa t46726 l46979 ls1759">sales </span><span class="pp-class-382 pa t46726 l46980 ls3458">related </span><span class="pp-class-382 pa t46726 l46981 ls1759">to </span><span class="pp-class-382 pa t46726 l46982 ls2142">catering </span><span class="pp-class-382 pa t46726 l46983 ls1080">as </span><span class="pp-class-382 pa t46726 l46984 ls960">well </span><span class="pp-class-382 pa t46726 l46985 ls1080">as </span><span class="pp-class-382 pa t46726 l46986 ls1701">maintenance </span><span class="pp-class-382 pa t46726 l46987 ls302">and </span><span class="pp-class-382 pa t46741 l3 ls7094">daily </span><span class="pp-class-382 pa t46741 l17945 ls1237">running </span><span class="pp-class-382 pa t46741 l46604 ls1759">costs </span><span class="pp-class-382 pa t46741 l46988 ls103">of </span><span class="pp-class-382 pa t46741 l46989 ls2489">ferries </span><span class="pp-class-382 pa t46741 l19166 ls858">and </span><span class="pp-class-382 pa t46741 l46990 ls296">other </span><span class="pp-class-382 pa t46741 l34838 ls2486">ships. </span><span class="pp-class-382 pa t46741 l46991 ls5069">Bunker </span><span class="pp-class-382 pa t46741 l46992 ls4275">consumption </span><span class="pp-class-382 pa t46741 l46993 ls238">includes </span><span class="pp-class-382 pa t46741 l46994 ls2694">hedging. </span><span class="pp-class-382 pa t46741 l46995 ls688">Write-downs </span><span class="pp-class-382 pa t46760 l3 ls858">and </span><span class="pp-class-382 pa t46760 l29386 ls8853">realised </span><span class="pp-class-382 pa t46760 l46996 ls2486">losses </span><span class="pp-class-382 pa t46760 l46997 ls1080">on </span><span class="pp-class-382 pa t46760 l46998 ls646">trade </span><span class="pp-class-382 pa t46760 l46999 ls2787">receivables </span><span class="pp-class-382 pa t46760 l36608 ls800">are </span><span class="pp-class-382 pa t46760 l47000 ls238">included </span><span class="pp-class-382 pa t46760 l47001 ls1080">in </span><span class="pp-class-382 pa t46760 l47002 ls869">ferry </span><span class="pp-class-382 pa t46760 l47003 ls858">and </span><span class="pp-class-382 pa t46760 l47004 ls296">other </span><span class="pp-class-382 pa t46760 l47005 ls1323">ship </span><span class="pp-class-382 pa t46760 l47006 ls2760">operation </span><span class="pp-class-382 pa t46760 l47007 ls302">and </span><span class="pp-class-382 pa t46775 l3 ls2113">maintenance. </span><span class="pp-class-382 pa t46775 l37694 ls99">Port </span><span class="pp-class-382 pa t46775 l36793 ls296">terminal </span><span class="pp-class-382 pa t46775 l47008 ls4305">operations </span><span class="pp-class-382 pa t46775 l47009 ls858">and </span><span class="pp-class-382 pa t46775 l47010 ls3539">Transport </span><span class="pp-class-382 pa t46775 l47011 ls3474">solutions </span><span class="pp-class-382 pa t46775 l47012 ls1099">and </span><span class="pp-class-382 pa t46775 l20765 ls1463">warehouse </span><span class="pp-class-382 pa t46775 l47013 ls3474">solutions </span><span class="pp-class-382 pa t46775 l47014 ls800">are </span><span class="pp-class-382 pa t46775 l47015 ls1080">costs </span><span class="pp-class-382 pa t46792 l3 ls3458">related </span><span class="pp-class-382 pa t46792 l45005 ls1759">to </span><span class="pp-class-382 pa t46792 l47016 ls869">land-based </span><span class="pp-class-382 pa t46792 l17387 ls688">activities </span><span class="pp-class-382 pa t46792 l47017 ls1323">such </span><span class="pp-class-382 pa t46792 l47018 ls1080">as </span><span class="pp-class-382 pa t46792 l47019 ls852">stevedoring, </span><span class="pp-class-382 pa t46792 l47020 ls296">terminal, </span><span class="pp-class-382 pa t46792 l47021 ls858">and </span><span class="pp-class-382 pa t46792 l47022 ls3477">haulage </span><span class="pp-class-382 pa t46792 l47023 ls2486">costs. </span><span class="pp-class-382 pa t46792 l47024 ls1759">Costs </span><span class="pp-class-382 pa t46792 l47025 ls103">of </span><span class="pp-class-382 pa t46792 l47026 ls1759">sales </span><span class="pp-class-382 pa t46792 l47027 ls302">and </span><span class="pp-class-382 pa t46808 l3 ls2787">administration </span><span class="pp-class-382 pa t46808 l47028 ls2694">comprise </span><span class="pp-class-382 pa t46808 l47029 ls1759">costs </span><span class="pp-class-382 pa t46808 l38121 ls103">of </span><span class="pp-class-382 pa t46808 l47030 ls2486">sales, </span><span class="pp-class-382 pa t46808 l47031 ls960">marketing, </span><span class="pp-class-382 pa t46808 l47032 ls858">and </span><span class="pp-class-382 pa t46808 l47033 ls2787">administration.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46837 l3 ls1243">From </span><span class="pp-class-382 pa t46837 l33777 ls3572">January </span><span class="pp-class-382 pa t46837 l43267 ls2854">2024, </span><span class="pp-class-382 pa t46837 l47034 ls1323">DFDS </span><span class="pp-class-382 pa t46837 l47035 ls1080">is </span><span class="pp-class-382 pa t46837 l47036 ls238">included </span><span class="pp-class-382 pa t46837 l47037 ls1080">in </span><span class="pp-class-382 pa t46837 l47038 ls858">the </span><span class="pp-class-382 pa t46837 l39198 ls1759">scope </span><span class="pp-class-382 pa t46837 l47039 ls103">of </span><span class="pp-class-382 pa t46837 l47040 ls1073">companies </span><span class="pp-class-382 pa t46837 l47041 ls3474">subject </span><span class="pp-class-382 pa t46837 l47042 ls1759">to </span><span class="pp-class-382 pa t46837 l47043 ls2694">Maritime </span><span class="pp-class-382 pa t46837 l47044 ls99">Emission </span><span class="pp-class-382 pa t47045 l3 ls8634">Trading </span><span class="pp-class-382 pa t47045 l47046 ls2486">Scheme </span><span class="pp-class-382 pa t47045 l47047 ls2113">(ETS). </span><span class="pp-class-382 pa t47045 l47048 ls1323">Cost </span><span class="pp-class-382 pa t47045 l47049 ls1323">will </span><span class="pp-class-382 pa t47045 l18529 ls1080">be </span><span class="pp-class-382 pa t47045 l47050 ls2970">recognised </span><span class="pp-class-382 pa t47045 l47051 ls2688">monthly </span><span class="pp-class-382 pa t47045 l47052 ls1759">based </span><span class="pp-class-382 pa t47045 l47053 ls1080">on </span><span class="pp-class-382 pa t47045 l37242 ls8853">measured </span><span class="pp-class-382 pa t47045 l47054 ls1073">emissions </span><span class="pp-class-382 pa t47045 l47055 ls1083">at </span><span class="pp-class-382 pa t47045 l47056 ls1110">hedged </span><span class="pp-class-382 pa t46854 l3 ls2486">prices </span><span class="pp-class-382 pa t46854 l32237">- </span><span class="pp-class-382 pa t46854 l47057 ls3278">for </span><span class="pp-class-382 pa t46854 l47058 ls1818">certificates </span><span class="pp-class-382 pa t46854 l47059 ls2143">covered </span><span class="pp-class-382 pa t46854 l47060 ls2784">by </span><span class="pp-class-382 pa t46854 l21576 ls1237">hedging </span><span class="pp-class-382 pa t46854 l47061">- </span><span class="pp-class-382 pa t46854 l47062 ls1099">and </span><span class="pp-class-382 pa t46854 l27849 ls1083">at </span><span class="pp-class-382 pa t46854 l47063 ls806">spot </span><span class="pp-class-382 pa t46854 l47064 ls2486">prices </span><span class="pp-class-382 pa t46854 l47065">- </span><span class="pp-class-382 pa t46854 l47066 ls3278">for </span><span class="pp-class-382 pa t46854 l47067 ls1759">those </span><span class="pp-class-382 pa t46854 l47068 ls830">not </span><span class="pp-class-382 pa t46854 l47069 ls2143">covered </span><span class="pp-class-382 pa t46854 l47070 ls2784">by </span><span class="pp-class-382 pa t46854 l47071 ls2486">hedges.</span></p></div></div><div id="pp-id-5108" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls4299">Restated </span><span class="pp-class-376 pa t3433 l9566 ls3278">for </span><span class="pp-class-376 pa t3433 l42580 ls1237">changes </span><span class="pp-class-376 pa t3433 l42581 ls278">in </span><span class="pp-class-376 pa t3439 l3 ls53">accounting </span><span class="pp-class-376 pa t3439 l11953 ls2949">policy, </span><span class="pp-class-376 pa t3439 l42582 ls4305">refer </span><span class="pp-class-376 pa t3445 l3 ls1759">to </span><span class="pp-class-376 pa t3445 l29588 ls1859">note </span><span class="pp-class-376 pa t3445 l42583 ls858">1.2.</span></p></div></div> <div class="pp-class-363 pp-class-395" id="pp-id-5104" xmlns="http://www.w3.org/1999/xhtml"><div class="w46973 h46974 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46726 l3 ls1323">Ferry </span><span class="pp-class-382 pa t46726 l46975 ls858">and </span><span class="pp-class-382 pa t46726 l8703 ls296">other </span><span class="pp-class-382 pa t46726 l46976 ls1323">ship </span><span class="pp-class-382 pa t46726 l42797 ls1759">costs </span><span class="pp-class-382 pa t46726 l46977 ls2694">comprise </span><span class="pp-class-382 pa t46726 l46978 ls1759">costs </span><span class="pp-class-382 pa t46726 l46417 ls103">of </span><span class="pp-class-382 pa t46726 l46979 ls1759">sales </span><span class="pp-class-382 pa t46726 l46980 ls3458">related </span><span class="pp-class-382 pa t46726 l46981 ls1759">to </span><span class="pp-class-382 pa t46726 l46982 ls2142">catering </span><span class="pp-class-382 pa t46726 l46983 ls1080">as </span><span class="pp-class-382 pa t46726 l46984 ls960">well </span><span class="pp-class-382 pa t46726 l46985 ls1080">as </span><span class="pp-class-382 pa t46726 l46986 ls1701">maintenance </span><span class="pp-class-382 pa t46726 l46987 ls302">and </span><span class="pp-class-382 pa t46741 l3 ls7094">daily </span><span class="pp-class-382 pa t46741 l17945 ls1237">running </span><span class="pp-class-382 pa t46741 l46604 ls1759">costs </span><span class="pp-class-382 pa t46741 l46988 ls103">of </span><span class="pp-class-382 pa t46741 l46989 ls2489">ferries </span><span class="pp-class-382 pa t46741 l19166 ls858">and </span><span class="pp-class-382 pa t46741 l46990 ls296">other </span><span class="pp-class-382 pa t46741 l34838 ls2486">ships. </span><span class="pp-class-382 pa t46741 l46991 ls5069">Bunker </span><span class="pp-class-382 pa t46741 l46992 ls4275">consumption </span><span class="pp-class-382 pa t46741 l46993 ls238">includes </span><span class="pp-class-382 pa t46741 l46994 ls2694">hedging. </span><span class="pp-class-382 pa t46741 l46995 ls688">Write-downs </span><span class="pp-class-382 pa t46760 l3 ls858">and </span><span class="pp-class-382 pa t46760 l29386 ls8853">realised </span><span class="pp-class-382 pa t46760 l46996 ls2486">losses </span><span class="pp-class-382 pa t46760 l46997 ls1080">on </span><span class="pp-class-382 pa t46760 l46998 ls646">trade </span><span class="pp-class-382 pa t46760 l46999 ls2787">receivables </span><span class="pp-class-382 pa t46760 l36608 ls800">are </span><span class="pp-class-382 pa t46760 l47000 ls238">included </span><span class="pp-class-382 pa t46760 l47001 ls1080">in </span><span class="pp-class-382 pa t46760 l47002 ls869">ferry </span><span class="pp-class-382 pa t46760 l47003 ls858">and </span><span class="pp-class-382 pa t46760 l47004 ls296">other </span><span class="pp-class-382 pa t46760 l47005 ls1323">ship </span><span class="pp-class-382 pa t46760 l47006 ls2760">operation </span><span class="pp-class-382 pa t46760 l47007 ls302">and </span><span class="pp-class-382 pa t46775 l3 ls2113">maintenance. </span><span class="pp-class-382 pa t46775 l37694 ls99">Port </span><span class="pp-class-382 pa t46775 l36793 ls296">terminal </span><span class="pp-class-382 pa t46775 l47008 ls4305">operations </span><span class="pp-class-382 pa t46775 l47009 ls858">and </span><span class="pp-class-382 pa t46775 l47010 ls3539">Transport </span><span class="pp-class-382 pa t46775 l47011 ls3474">solutions </span><span class="pp-class-382 pa t46775 l47012 ls1099">and </span><span class="pp-class-382 pa t46775 l20765 ls1463">warehouse </span><span class="pp-class-382 pa t46775 l47013 ls3474">solutions </span><span class="pp-class-382 pa t46775 l47014 ls800">are </span><span class="pp-class-382 pa t46775 l47015 ls1080">costs </span><span class="pp-class-382 pa t46792 l3 ls3458">related </span><span class="pp-class-382 pa t46792 l45005 ls1759">to </span><span class="pp-class-382 pa t46792 l47016 ls869">land-based </span><span class="pp-class-382 pa t46792 l17387 ls688">activities </span><span class="pp-class-382 pa t46792 l47017 ls1323">such </span><span class="pp-class-382 pa t46792 l47018 ls1080">as </span><span class="pp-class-382 pa t46792 l47019 ls852">stevedoring, </span><span class="pp-class-382 pa t46792 l47020 ls296">terminal, </span><span class="pp-class-382 pa t46792 l47021 ls858">and </span><span class="pp-class-382 pa t46792 l47022 ls3477">haulage </span><span class="pp-class-382 pa t46792 l47023 ls2486">costs. </span><span class="pp-class-382 pa t46792 l47024 ls1759">Costs </span><span class="pp-class-382 pa t46792 l47025 ls103">of </span><span class="pp-class-382 pa t46792 l47026 ls1759">sales </span><span class="pp-class-382 pa t46792 l47027 ls302">and </span><span class="pp-class-382 pa t46808 l3 ls2787">administration </span><span class="pp-class-382 pa t46808 l47028 ls2694">comprise </span><span class="pp-class-382 pa t46808 l47029 ls1759">costs </span><span class="pp-class-382 pa t46808 l38121 ls103">of </span><span class="pp-class-382 pa t46808 l47030 ls2486">sales, </span><span class="pp-class-382 pa t46808 l47031 ls960">marketing, </span><span class="pp-class-382 pa t46808 l47032 ls858">and </span><span class="pp-class-382 pa t46808 l47033 ls2787">administration.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46837 l3 ls1243">From </span><span class="pp-class-382 pa t46837 l33777 ls3572">January </span><span class="pp-class-382 pa t46837 l43267 ls2854">2024, </span><span class="pp-class-382 pa t46837 l47034 ls1323">DFDS </span><span class="pp-class-382 pa t46837 l47035 ls1080">is </span><span class="pp-class-382 pa t46837 l47036 ls238">included </span><span class="pp-class-382 pa t46837 l47037 ls1080">in </span><span class="pp-class-382 pa t46837 l47038 ls858">the </span><span class="pp-class-382 pa t46837 l39198 ls1759">scope </span><span class="pp-class-382 pa t46837 l47039 ls103">of </span><span class="pp-class-382 pa t46837 l47040 ls1073">companies </span><span class="pp-class-382 pa t46837 l47041 ls3474">subject </span><span class="pp-class-382 pa t46837 l47042 ls1759">to </span><span class="pp-class-382 pa t46837 l47043 ls2694">Maritime </span><span class="pp-class-382 pa t46837 l47044 ls99">Emission </span><span class="pp-class-382 pa t47045 l3 ls8634">Trading </span><span class="pp-class-382 pa t47045 l47046 ls2486">Scheme </span><span class="pp-class-382 pa t47045 l47047 ls2113">(ETS). </span><span class="pp-class-382 pa t47045 l47048 ls1323">Cost </span><span class="pp-class-382 pa t47045 l47049 ls1323">will </span><span class="pp-class-382 pa t47045 l18529 ls1080">be </span><span class="pp-class-382 pa t47045 l47050 ls2970">recognised </span><span class="pp-class-382 pa t47045 l47051 ls2688">monthly </span><span class="pp-class-382 pa t47045 l47052 ls1759">based </span><span class="pp-class-382 pa t47045 l47053 ls1080">on </span><span class="pp-class-382 pa t47045 l37242 ls8853">measured </span><span class="pp-class-382 pa t47045 l47054 ls1073">emissions </span><span class="pp-class-382 pa t47045 l47055 ls1083">at </span><span class="pp-class-382 pa t47045 l47056 ls1110">hedged </span><span class="pp-class-382 pa t46854 l3 ls2486">prices </span><span class="pp-class-382 pa t46854 l32237">- </span><span class="pp-class-382 pa t46854 l47057 ls3278">for </span><span class="pp-class-382 pa t46854 l47058 ls1818">certificates </span><span class="pp-class-382 pa t46854 l47059 ls2143">covered </span><span class="pp-class-382 pa t46854 l47060 ls2784">by </span><span class="pp-class-382 pa t46854 l21576 ls1237">hedging </span><span class="pp-class-382 pa t46854 l47061">- </span><span class="pp-class-382 pa t46854 l47062 ls1099">and </span><span class="pp-class-382 pa t46854 l27849 ls1083">at </span><span class="pp-class-382 pa t46854 l47063 ls806">spot </span><span class="pp-class-382 pa t46854 l47064 ls2486">prices </span><span class="pp-class-382 pa t46854 l47065">- </span><span class="pp-class-382 pa t46854 l47066 ls3278">for </span><span class="pp-class-382 pa t46854 l47067 ls1759">those </span><span class="pp-class-382 pa t46854 l47068 ls830">not </span><span class="pp-class-382 pa t46854 l47069 ls2143">covered </span><span class="pp-class-382 pa t46854 l47070 ls2784">by </span><span class="pp-class-382 pa t46854 l47071 ls2486">hedges.</span></p></div></div><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls2769">Wages, </span><span class="pp-class-382 pa t29793 l47136 ls1073">salaries, </span><span class="pp-class-382 pa t29793 l47137 ls2486">social </span><span class="pp-class-382 pa t29793 l47138 ls2694">security </span><span class="pp-class-382 pa t29793 l47139 ls238">contributions, </span><span class="pp-class-382 pa t29793 l47140 ls1237">pension </span><span class="pp-class-382 pa t29793 l47141 ls238">contributions, </span><span class="pp-class-382 pa t29793 l47142 ls1323">paid </span><span class="pp-class-382 pa t29793 l47143 ls2486">annual </span><span class="pp-class-382 pa t29793 l47144 ls9967">leave </span><span class="pp-class-382 pa t29793 l47145 ls1099">and </span><span class="pp-class-382 pa t29793 l47146 ls1955">sick </span><span class="pp-class-382 pa t29798 l3 ls1864">leave, </span><span class="pp-class-382 pa t29798 l47147 ls2694">bonuses, </span><span class="pp-class-382 pa t29798 l47148 ls858">and </span><span class="pp-class-382 pa t29798 l47149 ls1077">non-monetary </span><span class="pp-class-382 pa t29798 l47150 ls1073">benefits </span><span class="pp-class-382 pa t29798 l47151 ls800">are </span><span class="pp-class-382 pa t29798 l47152 ls1772">accrued </span><span class="pp-class-382 pa t29798 l47153 ls1080">in </span><span class="pp-class-382 pa t29798 l47154 ls858">the </span><span class="pp-class-382 pa t29798 l47155 ls960">year </span><span class="pp-class-382 pa t29798 l47156 ls1080">in </span><span class="pp-class-382 pa t29798 l20742 ls1759">which </span><span class="pp-class-382 pa t29798 l47157 ls1099">the </span><span class="pp-class-382 pa t29798 l47158 ls803">associated </span><span class="pp-class-382 pa t29798 l47159 ls85">services </span><span class="pp-class-382 pa t36806 l3 ls800">are </span><span class="pp-class-382 pa t36806 l43707 ls3435">rendered </span><span class="pp-class-382 pa t36806 l47160 ls2784">by </span><span class="pp-class-382 pa t36806 l24419 ls6007">employees </span><span class="pp-class-382 pa t36806 l47161 ls103">of </span><span class="pp-class-382 pa t36806 l47162 ls858">the </span><span class="pp-class-382 pa t36806 l47163 ls2149">Group. </span><span class="pp-class-382 pa t36806 l47164 ls2784">Where </span><span class="pp-class-382 pa t36806 l47165 ls858">the </span><span class="pp-class-382 pa t36806 l47166 ls2784">Group </span><span class="pp-class-382 pa t36806 l47167 ls3377">provides </span><span class="pp-class-382 pa t36806 l47168 ls1077">long-term </span><span class="pp-class-382 pa t36806 l47169 ls1316">employee </span><span class="pp-class-382 pa t36806 l47170 ls819">benefits, </span><span class="pp-class-382 pa t36806 l47171 ls302">the </span><span class="pp-class-382 pa t29811 l3 ls1759">costs </span><span class="pp-class-382 pa t29811 l34282 ls800">are </span><span class="pp-class-382 pa t29811 l47172 ls1772">accrued </span><span class="pp-class-382 pa t29811 l47173 ls1759">to </span><span class="pp-class-382 pa t29811 l30751 ls1150">match </span><span class="pp-class-382 pa t29811 l47174 ls858">the </span><span class="pp-class-382 pa t29811 l47175 ls960">rendering </span><span class="pp-class-382 pa t29811 l47176 ls103">of </span><span class="pp-class-382 pa t29811 l47177 ls858">the </span><span class="pp-class-382 pa t29811 l47178 ls1099">services </span><span class="pp-class-382 pa t29811 l47179 ls2784">by </span><span class="pp-class-382 pa t29811 l47180 ls1099">the </span><span class="pp-class-382 pa t29811 l47181 ls6007">employees.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls238">Amortisation </span><span class="pp-class-382 pa t29793 l47257 ls858">and </span><span class="pp-class-382 pa t29793 l47258 ls3623">depreciation </span><span class="pp-class-382 pa t29793 l43903 ls3278">for </span><span class="pp-class-382 pa t29793 l47259 ls858">the </span><span class="pp-class-382 pa t29793 l47260 ls960">year </span><span class="pp-class-382 pa t29793 l47261 ls800">are </span><span class="pp-class-382 pa t29793 l47262 ls2970">recognised </span><span class="pp-class-382 pa t29793 l47263 ls1759">based </span><span class="pp-class-382 pa t29793 l47264 ls1080">on </span><span class="pp-class-382 pa t29793 l47265 ls1099">the </span><span class="pp-class-382 pa t29793 l47266 ls238">amortisation </span><span class="pp-class-382 pa t29793 l47267 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls3623">depreciation </span><span class="pp-class-382 pa t29798 l47268 ls4299">profiles </span><span class="pp-class-382 pa t29798 l47269 ls103">of </span><span class="pp-class-382 pa t29798 l47270 ls858">the </span><span class="pp-class-382 pa t29798 l16742 ls1083">underlying </span><span class="pp-class-382 pa t29798 l47271 ls3474">assets. </span><span class="pp-class-382 pa t29798 l47272 ls2944">Reference </span><span class="pp-class-382 pa t29798 l47273 ls1080">is </span><span class="pp-class-382 pa t29798 l47274 ls1772">made </span><span class="pp-class-382 pa t29798 l43685 ls1759">to </span><span class="pp-class-382 pa t29798 l47275 ls1859">note </span><span class="pp-class-382 pa t29798 l47276 ls2149">3.1.1, </span><span class="pp-class-382 pa t29798 l47277 ls7094">3.1.2 </span><span class="pp-class-382 pa t29798 l47278 ls858">and </span><span class="pp-class-382 pa t29798 l47279 ls1055">3.1.3.</span></p> <div id="pp-id-5107" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h47072 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1110">2.4 </span><span class="pp-class-370 pa t21055 l43638 ls2489">Employee </span><span class="pp-class-370 pa t21055 l47073">costs</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3 ls1257">Wages, </span><span class="pp-class-372 pa t42308 l47074">salaries </span><span class="pp-class-372 pa t42308 l47075">and </span><span class="pp-class-372 pa t42308 l47076 ls230">remuneration</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l47077 ls1073">5,195</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l47078 ls1073">4,604</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l3 ls225">Hereof </span><span class="pp-class-372 pa t42312 l47079 ls105">capitalised </span><span class="pp-class-372 pa t42312 l47080 ls16">employee </span><span class="pp-class-372 pa t42312 l15119">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l47081">-42</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l47082">-44</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l3 ls2220">Defined </span><span class="pp-class-372 pa t42313 l47083 ls2329">contribution </span><span class="pp-class-372 pa t42313 l17551">pension </span><span class="pp-class-372 pa t42313 l47084">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l42409">233</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l47085">211</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l3 ls2220">Defined </span><span class="pp-class-372 pa t42319 l47083 ls2220">benefit </span><span class="pp-class-372 pa t42319 l47086">pension </span><span class="pp-class-372 pa t42319 l47087">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l46595">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l47088">8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l3">Other </span><span class="pp-class-372 pa t42324 l8525">social </span><span class="pp-class-372 pa t42324 l47089">security </span><span class="pp-class-372 pa t42324 l47090">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l47091">539</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l47092 ls2835">414</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42329 l3 ls110">Share </span><span class="pp-class-372 pa t42329 l3267">based </span><span class="pp-class-372 pa t42329 l47093 ls138">payment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42329 l47094">26</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42329 l47095">28</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42332 l3">Other </span><span class="pp-class-372 pa t42332 l8525 ls16">employee </span><span class="pp-class-372 pa t42332 l14292">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42332 l47096">399</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42332 l47097">352</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47098 l3 ls265">Government </span><span class="pp-class-372 pa t47098 l39764 ls39">grants </span><span class="pp-class-372 pa t47098 l47099 ls978">(Covid-19)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47098 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47098 l47100">-2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47101 l3 ls2459">Total </span><span class="pp-class-373 pa t47101 l29712 ls1955">employee </span><span class="pp-class-373 pa t47101 l47102">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47101 l47103 ls830">6,361</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47101 l45460 ls47104">5,572</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42352 l3">Full </span><span class="pp-class-372 pa t42352 l47105">time </span><span class="pp-class-372 pa t42352 l47106 ls150">equivalents </span><span class="pp-class-372 pa t42352 l47107">(FTE), </span><span class="pp-class-372 pa t42352 l34231 ls5039">average</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42352 l47108 ls854">14,121</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42352 l47109 ls214">13,191</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t47110 l3 ls878">Reference </span><span class="pp-class-372 pa t47110 l17365 ls6330">is </span><span class="pp-class-372 pa t47110 l37860 ls324">made </span><span class="pp-class-372 pa t47110 l47111 ls1969">to </span><span class="pp-class-372 pa t47110 l47112 ls2084">note </span><span class="pp-class-372 pa t47110 l47113 ls1305">3.2.5 </span><span class="pp-class-372 pa t47110 l4849 ls910">for </span><span class="pp-class-372 pa t47110 l29754 ls2687">detailed </span><span class="pp-class-372 pa t47110 l47114 ls2084">information </span><span class="pp-class-372 pa t47110 l47115 ls6330">on </span><span class="pp-class-372 pa t47110 l47116 ls6081">pension </span><span class="pp-class-372 pa t47110 l29778 ls2632">plans, </span><span class="pp-class-372 pa t47110 l47117 ls2084">note </span><span class="pp-class-372 pa t47110 l47118 ls858">5.1 </span><span class="pp-class-372 pa t47110 l47119 ls910">for </span><span class="pp-class-372 pa t47110 l47120 ls2687">detailed </span><span class="pp-class-372 pa t47110 l47121 ls502">information </span><span class="pp-class-372 pa t47122 l3 ls6330">on </span><span class="pp-class-372 pa t47122 l47123 ls842">remuneration </span><span class="pp-class-372 pa t47122 l33373 ls4906">of </span><span class="pp-class-372 pa t47122 l18220 ls2070">Management </span><span class="pp-class-372 pa t47122 l47124 ls4575">and </span><span class="pp-class-372 pa t47122 l6079 ls2084">note </span><span class="pp-class-372 pa t47122 l47125 ls7096">5.3 </span><span class="pp-class-372 pa t47122 l47126 ls910">for </span><span class="pp-class-372 pa t47122 l43736 ls2687">detailed </span><span class="pp-class-372 pa t47122 l47127 ls2084">information </span><span class="pp-class-372 pa t47122 l47128 ls6330">on </span><span class="pp-class-372 pa t47122 l47129 ls4575">the </span><span class="pp-class-372 pa t47122 l47130 ls138">Group’s </span><span class="pp-class-372 pa t47122 l47131 ls2220">share </span><span class="pp-class-372 pa t47122 l47132 ls6330">based </span><span class="pp-class-372 pa t47133 l3 ls272">payment </span><span class="pp-class-372 pa t47133 l47134 ls6081">schemes.</span></p><div id="pp-id-5106"><div class="pp-class-363 pp-class-395" id="pp-id-5105"><div class="w37231 h47135 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls2769">Wages, </span><span class="pp-class-382 pa t29793 l47136 ls1073">salaries, </span><span class="pp-class-382 pa t29793 l47137 ls2486">social </span><span class="pp-class-382 pa t29793 l47138 ls2694">security </span><span class="pp-class-382 pa t29793 l47139 ls238">contributions, </span><span class="pp-class-382 pa t29793 l47140 ls1237">pension </span><span class="pp-class-382 pa t29793 l47141 ls238">contributions, </span><span class="pp-class-382 pa t29793 l47142 ls1323">paid </span><span class="pp-class-382 pa t29793 l47143 ls2486">annual </span><span class="pp-class-382 pa t29793 l47144 ls9967">leave </span><span class="pp-class-382 pa t29793 l47145 ls1099">and </span><span class="pp-class-382 pa t29793 l47146 ls1955">sick </span><span class="pp-class-382 pa t29798 l3 ls1864">leave, </span><span class="pp-class-382 pa t29798 l47147 ls2694">bonuses, </span><span class="pp-class-382 pa t29798 l47148 ls858">and </span><span class="pp-class-382 pa t29798 l47149 ls1077">non-monetary </span><span class="pp-class-382 pa t29798 l47150 ls1073">benefits </span><span class="pp-class-382 pa t29798 l47151 ls800">are </span><span class="pp-class-382 pa t29798 l47152 ls1772">accrued </span><span class="pp-class-382 pa t29798 l47153 ls1080">in </span><span class="pp-class-382 pa t29798 l47154 ls858">the </span><span class="pp-class-382 pa t29798 l47155 ls960">year </span><span class="pp-class-382 pa t29798 l47156 ls1080">in </span><span class="pp-class-382 pa t29798 l20742 ls1759">which </span><span class="pp-class-382 pa t29798 l47157 ls1099">the </span><span class="pp-class-382 pa t29798 l47158 ls803">associated </span><span class="pp-class-382 pa t29798 l47159 ls85">services </span><span class="pp-class-382 pa t36806 l3 ls800">are </span><span class="pp-class-382 pa t36806 l43707 ls3435">rendered </span><span class="pp-class-382 pa t36806 l47160 ls2784">by </span><span class="pp-class-382 pa t36806 l24419 ls6007">employees </span><span class="pp-class-382 pa t36806 l47161 ls103">of </span><span class="pp-class-382 pa t36806 l47162 ls858">the </span><span class="pp-class-382 pa t36806 l47163 ls2149">Group. </span><span class="pp-class-382 pa t36806 l47164 ls2784">Where </span><span class="pp-class-382 pa t36806 l47165 ls858">the </span><span class="pp-class-382 pa t36806 l47166 ls2784">Group </span><span class="pp-class-382 pa t36806 l47167 ls3377">provides </span><span class="pp-class-382 pa t36806 l47168 ls1077">long-term </span><span class="pp-class-382 pa t36806 l47169 ls1316">employee </span><span class="pp-class-382 pa t36806 l47170 ls819">benefits, </span><span class="pp-class-382 pa t36806 l47171 ls302">the </span><span class="pp-class-382 pa t29811 l3 ls1759">costs </span><span class="pp-class-382 pa t29811 l34282 ls800">are </span><span class="pp-class-382 pa t29811 l47172 ls1772">accrued </span><span class="pp-class-382 pa t29811 l47173 ls1759">to </span><span class="pp-class-382 pa t29811 l30751 ls1150">match </span><span class="pp-class-382 pa t29811 l47174 ls858">the </span><span class="pp-class-382 pa t29811 l47175 ls960">rendering </span><span class="pp-class-382 pa t29811 l47176 ls103">of </span><span class="pp-class-382 pa t29811 l47177 ls858">the </span><span class="pp-class-382 pa t29811 l47178 ls1099">services </span><span class="pp-class-382 pa t29811 l47179 ls2784">by </span><span class="pp-class-382 pa t29811 l47180 ls1099">the </span><span class="pp-class-382 pa t29811 l47181 ls6007">employees.</span></p></div></div></div></div></div> <div id="pp-id-5107" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h47072 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1110">2.4 </span><span class="pp-class-370 pa t21055 l43638 ls2489">Employee </span><span class="pp-class-370 pa t21055 l47073">costs</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3 ls1257">Wages, </span><span class="pp-class-372 pa t42308 l47074">salaries </span><span class="pp-class-372 pa t42308 l47075">and </span><span class="pp-class-372 pa t42308 l47076 ls230">remuneration</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l47077 ls1073">5,195</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l47078 ls1073">4,604</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l3 ls225">Hereof </span><span class="pp-class-372 pa t42312 l47079 ls105">capitalised </span><span class="pp-class-372 pa t42312 l47080 ls16">employee </span><span class="pp-class-372 pa t42312 l15119">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l47081">-42</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l47082">-44</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l3 ls2220">Defined </span><span class="pp-class-372 pa t42313 l47083 ls2329">contribution </span><span class="pp-class-372 pa t42313 l17551">pension </span><span class="pp-class-372 pa t42313 l47084">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l42409">233</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l47085">211</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l3 ls2220">Defined </span><span class="pp-class-372 pa t42319 l47083 ls2220">benefit </span><span class="pp-class-372 pa t42319 l47086">pension </span><span class="pp-class-372 pa t42319 l47087">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l46595">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l47088">8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l3">Other </span><span class="pp-class-372 pa t42324 l8525">social </span><span class="pp-class-372 pa t42324 l47089">security </span><span class="pp-class-372 pa t42324 l47090">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l47091">539</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l47092 ls2835">414</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42329 l3 ls110">Share </span><span class="pp-class-372 pa t42329 l3267">based </span><span class="pp-class-372 pa t42329 l47093 ls138">payment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42329 l47094">26</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42329 l47095">28</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42332 l3">Other </span><span class="pp-class-372 pa t42332 l8525 ls16">employee </span><span class="pp-class-372 pa t42332 l14292">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42332 l47096">399</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42332 l47097">352</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47098 l3 ls265">Government </span><span class="pp-class-372 pa t47098 l39764 ls39">grants </span><span class="pp-class-372 pa t47098 l47099 ls978">(Covid-19)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47098 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47098 l47100">-2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47101 l3 ls2459">Total </span><span class="pp-class-373 pa t47101 l29712 ls1955">employee </span><span class="pp-class-373 pa t47101 l47102">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47101 l47103 ls830">6,361</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47101 l45460 ls47104">5,572</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42352 l3">Full </span><span class="pp-class-372 pa t42352 l47105">time </span><span class="pp-class-372 pa t42352 l47106 ls150">equivalents </span><span class="pp-class-372 pa t42352 l47107">(FTE), </span><span class="pp-class-372 pa t42352 l34231 ls5039">average</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42352 l47108 ls854">14,121</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42352 l47109 ls214">13,191</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t47110 l3 ls878">Reference </span><span class="pp-class-372 pa t47110 l17365 ls6330">is </span><span class="pp-class-372 pa t47110 l37860 ls324">made </span><span class="pp-class-372 pa t47110 l47111 ls1969">to </span><span class="pp-class-372 pa t47110 l47112 ls2084">note </span><span class="pp-class-372 pa t47110 l47113 ls1305">3.2.5 </span><span class="pp-class-372 pa t47110 l4849 ls910">for </span><span class="pp-class-372 pa t47110 l29754 ls2687">detailed </span><span class="pp-class-372 pa t47110 l47114 ls2084">information </span><span class="pp-class-372 pa t47110 l47115 ls6330">on </span><span class="pp-class-372 pa t47110 l47116 ls6081">pension </span><span class="pp-class-372 pa t47110 l29778 ls2632">plans, </span><span class="pp-class-372 pa t47110 l47117 ls2084">note </span><span class="pp-class-372 pa t47110 l47118 ls858">5.1 </span><span class="pp-class-372 pa t47110 l47119 ls910">for </span><span class="pp-class-372 pa t47110 l47120 ls2687">detailed </span><span class="pp-class-372 pa t47110 l47121 ls502">information </span><span class="pp-class-372 pa t47122 l3 ls6330">on </span><span class="pp-class-372 pa t47122 l47123 ls842">remuneration </span><span class="pp-class-372 pa t47122 l33373 ls4906">of </span><span class="pp-class-372 pa t47122 l18220 ls2070">Management </span><span class="pp-class-372 pa t47122 l47124 ls4575">and </span><span class="pp-class-372 pa t47122 l6079 ls2084">note </span><span class="pp-class-372 pa t47122 l47125 ls7096">5.3 </span><span class="pp-class-372 pa t47122 l47126 ls910">for </span><span class="pp-class-372 pa t47122 l43736 ls2687">detailed </span><span class="pp-class-372 pa t47122 l47127 ls2084">information </span><span class="pp-class-372 pa t47122 l47128 ls6330">on </span><span class="pp-class-372 pa t47122 l47129 ls4575">the </span><span class="pp-class-372 pa t47122 l47130 ls138">Group’s </span><span class="pp-class-372 pa t47122 l47131 ls2220">share </span><span class="pp-class-372 pa t47122 l47132 ls6330">based </span><span class="pp-class-372 pa t47133 l3 ls272">payment </span><span class="pp-class-372 pa t47133 l47134 ls6081">schemes.</span></p><div id="pp-id-5106"><div class="pp-class-363 pp-class-395" id="pp-id-5105"><div class="w37231 h47135 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls2769">Wages, </span><span class="pp-class-382 pa t29793 l47136 ls1073">salaries, </span><span class="pp-class-382 pa t29793 l47137 ls2486">social </span><span class="pp-class-382 pa t29793 l47138 ls2694">security </span><span class="pp-class-382 pa t29793 l47139 ls238">contributions, </span><span class="pp-class-382 pa t29793 l47140 ls1237">pension </span><span class="pp-class-382 pa t29793 l47141 ls238">contributions, </span><span class="pp-class-382 pa t29793 l47142 ls1323">paid </span><span class="pp-class-382 pa t29793 l47143 ls2486">annual </span><span class="pp-class-382 pa t29793 l47144 ls9967">leave </span><span class="pp-class-382 pa t29793 l47145 ls1099">and </span><span class="pp-class-382 pa t29793 l47146 ls1955">sick </span><span class="pp-class-382 pa t29798 l3 ls1864">leave, </span><span class="pp-class-382 pa t29798 l47147 ls2694">bonuses, </span><span class="pp-class-382 pa t29798 l47148 ls858">and </span><span class="pp-class-382 pa t29798 l47149 ls1077">non-monetary </span><span class="pp-class-382 pa t29798 l47150 ls1073">benefits </span><span class="pp-class-382 pa t29798 l47151 ls800">are </span><span class="pp-class-382 pa t29798 l47152 ls1772">accrued </span><span class="pp-class-382 pa t29798 l47153 ls1080">in </span><span class="pp-class-382 pa t29798 l47154 ls858">the </span><span class="pp-class-382 pa t29798 l47155 ls960">year </span><span class="pp-class-382 pa t29798 l47156 ls1080">in </span><span class="pp-class-382 pa t29798 l20742 ls1759">which </span><span class="pp-class-382 pa t29798 l47157 ls1099">the </span><span class="pp-class-382 pa t29798 l47158 ls803">associated </span><span class="pp-class-382 pa t29798 l47159 ls85">services </span><span class="pp-class-382 pa t36806 l3 ls800">are </span><span class="pp-class-382 pa t36806 l43707 ls3435">rendered </span><span class="pp-class-382 pa t36806 l47160 ls2784">by </span><span class="pp-class-382 pa t36806 l24419 ls6007">employees </span><span class="pp-class-382 pa t36806 l47161 ls103">of </span><span class="pp-class-382 pa t36806 l47162 ls858">the </span><span class="pp-class-382 pa t36806 l47163 ls2149">Group. </span><span class="pp-class-382 pa t36806 l47164 ls2784">Where </span><span class="pp-class-382 pa t36806 l47165 ls858">the </span><span class="pp-class-382 pa t36806 l47166 ls2784">Group </span><span class="pp-class-382 pa t36806 l47167 ls3377">provides </span><span class="pp-class-382 pa t36806 l47168 ls1077">long-term </span><span class="pp-class-382 pa t36806 l47169 ls1316">employee </span><span class="pp-class-382 pa t36806 l47170 ls819">benefits, </span><span class="pp-class-382 pa t36806 l47171 ls302">the </span><span class="pp-class-382 pa t29811 l3 ls1759">costs </span><span class="pp-class-382 pa t29811 l34282 ls800">are </span><span class="pp-class-382 pa t29811 l47172 ls1772">accrued </span><span class="pp-class-382 pa t29811 l47173 ls1759">to </span><span class="pp-class-382 pa t29811 l30751 ls1150">match </span><span class="pp-class-382 pa t29811 l47174 ls858">the </span><span class="pp-class-382 pa t29811 l47175 ls960">rendering </span><span class="pp-class-382 pa t29811 l47176 ls103">of </span><span class="pp-class-382 pa t29811 l47177 ls858">the </span><span class="pp-class-382 pa t29811 l47178 ls1099">services </span><span class="pp-class-382 pa t29811 l47179 ls2784">by </span><span class="pp-class-382 pa t29811 l47180 ls1099">the </span><span class="pp-class-382 pa t29811 l47181 ls6007">employees.</span></p></div></div></div></div></div><div id="pp-id-5220" xmlns="http://www.w3.org/1999/xhtml"><div class="w53541 h53542 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls185">3.2.5 </span><span class="pp-class-370 pa t21055 l43638 ls37">Pension </span><span class="pp-class-370 pa t21055 l53543">and </span><span class="pp-class-370 pa t21055 l53544 ls45">jubilee </span><span class="pp-class-370 pa t21055 l53545">liabilities</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53546 l3 ls704 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t53546 l53547 ls1955 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-382 pa t53546 l53548 ls332 wtro3159 wtr1724 tro3160 tr1725">contributes </span><span class="pp-class-382 pa t53546 l53549 ls78 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t53546 l53550 ls944 wtro3159 wtr1724 tro3160 tr1725">defined </span><span class="pp-class-382 pa t53546 l53551 ls316 wtro3159 wtr1724 tro3160 tr1725">contribution </span><span class="pp-class-382 pa t53546 l53552 ls166 wtro3159 wtr1724 tro3160 tr1725">plans </span><span class="pp-class-382 pa t53546 l53553 ls193 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t53546 l53554 ls931 wtro3159 wtr1724 tro3160 tr1725">well </span><span class="pp-class-382 pa t53546 l53555 ls193 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t53546 l53556 ls944 wtro3159 wtr1724 tro3160 tr1725">defined </span><span class="pp-class-382 pa t53546 l53557 ls944 wtro3159 wtr1724 tro3160 tr1725">benefit </span><span class="pp-class-382 pa t53546 l53558 ls166 wtro3159 wtr1724 tro3160 tr1725">plans. </span><span class="pp-class-382 pa t53546 l53559 ls704 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t53546 l53560 ls150 wtro3159 wtr1724 tro3160 tr1725">majority </span><span class="pp-class-382 pa t53546 l45090 ls166 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t53546 l53561 ls1264 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53546 l53562 ls704 wtro3159 wtr1724 tro3160 tr1725">pension </span><span class="pp-class-382 pa t53563 l3 ls166 wtro3159 wtr1724 tro3160 tr1725">plans </span><span class="pp-class-382 pa t53563 l29427 ls1323 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t53563 l53564 ls166 wtro3159 wtr1724 tro3160 tr1725">funded </span><span class="pp-class-382 pa t53563 l53565 ls302 wtro3159 wtr1724 tro3160 tr1725">through </span><span class="pp-class-382 pa t53563 l53566 ls124 wtro3159 wtr1724 tro3160 tr1725">payments </span><span class="pp-class-382 pa t53563 l53567 ls78 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t53563 l53568 ls316 wtro3159 wtr1724 tro3160 tr1725">independent </span><span class="pp-class-382 pa t53563 l53569 ls897 wtro3159 wtr1724 tro3160 tr1725">insurance </span><span class="pp-class-382 pa t53563 l53570 ls150 wtro3159 wtr1724 tro3160 tr1725">companies </span><span class="pp-class-382 pa t53563 l53571 ls16 wtro3159 wtr1724 tro3160 tr1725">responsible </span><span class="pp-class-382 pa t53563 l53572 ls180 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t53563 l53573 ls704 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53563 l53574 ls150 wtro3159 wtr1724 tro3160 tr1725">pension </span><span class="pp-class-382 pa t53563 l53575 ls997 wtro3159 wtr1724 tro3160 tr1725">obligation </span><span class="pp-class-382 pa t53576 l3 ls3024 wtro3159 wtr1724 tro3160 tr1725">towards </span><span class="pp-class-382 pa t53576 l53577 ls1073 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53576 l53578 ls864 wtro3159 wtr1724 tro3160 tr1725">employees </span><span class="pp-class-382 pa t53576 l35358 ls3630 wtro3159 wtr1724 tro3160 tr1725">(defined </span><span class="pp-class-382 pa t53576 l53579 ls2142 wtro3159 wtr1724 tro3160 tr1725">contribution </span><span class="pp-class-382 pa t53576 l53580 ls960 wtro3159 wtr1724 tro3160 tr1725">plans). </span><span class="pp-class-382 pa t53576 l53581 ls1323 wtro3159 wtr1724 tro3160 tr1725">In </span><span class="pp-class-382 pa t53576 l53582 ls1772 wtro3159 wtr1724 tro3160 tr1725">these </span><span class="pp-class-382 pa t53576 l53583 ls1772 wtro3159 wtr1724 tro3160 tr1725">plans </span><span class="pp-class-382 pa t53576 l53531 ls1073 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53576 l53584 ls646 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-382 pa t53576 l53585 ls1073 wtro3159 wtr1724 tro3160 tr1725">has </span><span class="pp-class-382 pa t53576 l53586 ls1323 wtro3159 wtr1724 tro3160 tr1725">no </span><span class="pp-class-382 pa t53576 l53587 ls1772 wtro3159 wtr1724 tro3160 tr1725">legal </span><span class="pp-class-382 pa t53576 l53588 ls1323 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t53576 l53589 ls4305 wtro3159 wtr1724 tro3160 tr1725">constructive </span><span class="pp-class-382 pa t53576 l53590 ls6360 wtro3159 wtr1724 tro3160 tr1725">obligation </span><span class="pp-class-382 pa t53591 l3 ls78 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t53591 l53592 ls1298 wtro3159 wtr1724 tro3160 tr1725">pay </span><span class="pp-class-382 pa t53591 l53593 ls2220 wtro3159 wtr1724 tro3160 tr1725">further </span><span class="pp-class-382 pa t53591 l53594 ls316 wtro3159 wtr1724 tro3160 tr1725">contributions </span><span class="pp-class-382 pa t53591 l53595 ls230 wtro3159 wtr1724 tro3160 tr1725">irrespective </span><span class="pp-class-382 pa t53591 l53596 ls166 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t53591 l53597 ls704 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53591 l53598 ls150 wtro3159 wtr1724 tro3160 tr1725">financial </span><span class="pp-class-382 pa t53591 l53599 ls138 wtro3159 wtr1724 tro3160 tr1725">situation </span><span class="pp-class-382 pa t53591 l53600 ls166 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t53591 l53601 ls166 wtro3159 wtr1724 tro3160 tr1725">these </span><span class="pp-class-382 pa t53591 l53602 ls897 wtro3159 wtr1724 tro3160 tr1725">insurance </span><span class="pp-class-382 pa t53591 l53603 ls150 wtro3159 wtr1724 tro3160 tr1725">companies </span><span class="pp-class-382 pa t53591 l53604 ls193 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t53591 l53605 ls704 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53591 l53606 ls85 wtro3159 wtr1724 tro3160 tr1725">return </span><span class="pp-class-382 pa t53591 l53607 ls175 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t53608 l3 ls704 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53608 l21989 ls302 wtro3159 wtr1724 tro3160 tr1725">underlying </span><span class="pp-class-382 pa t53608 l53609 ls110 wtro3159 wtr1724 tro3160 tr1725">investments. </span><span class="pp-class-382 pa t53608 l53610 ls671 wtro3159 wtr1724 tro3160 tr1725">Pension </span><span class="pp-class-382 pa t53608 l53611 ls166 wtro3159 wtr1724 tro3160 tr1725">costs </span><span class="pp-class-382 pa t53608 l53612 ls1298 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t53608 l53613 ls258 wtro3159 wtr1724 tro3160 tr1725">such </span><span class="pp-class-382 pa t53608 l53614 ls166 wtro3159 wtr1724 tro3160 tr1725">plans </span><span class="pp-class-382 pa t53608 l53615 ls1323 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t53608 l53616 ls203 wtro3159 wtr1724 tro3160 tr1725">expensed </span><span class="pp-class-382 pa t53608 l53617 ls193 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t53608 l53618 ls1264 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53608 l53619 ls166 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t53608 l53620 ls68 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t53608 l53621 ls258 wtro3159 wtr1724 tro3160 tr1725">when </span><span class="pp-class-382 pa t53608 l53622 ls203 wtro3159 wtr1724 tro3160 tr1725">incurred.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53623 l3">The </span><span class="pp-class-382 pa t53623 l16790 ls110">Group </span><span class="pp-class-382 pa t53623 l47837">has </span><span class="pp-class-382 pa t53623 l4264 ls2220">defined </span><span class="pp-class-382 pa t53623 l47780 ls2220">benefit </span><span class="pp-class-382 pa t53623 l53624">plans, </span><span class="pp-class-382 pa t53623 l53625 ls138">primarily </span><span class="pp-class-382 pa t53623 l53626">in </span><span class="pp-class-382 pa t53623 l53627">the </span><span class="pp-class-382 pa t53623 l53628 ls842">United </span><span class="pp-class-382 pa t53623 l53629">Kingdom. </span><span class="pp-class-382 pa t53623 l53630">In </span><span class="pp-class-382 pa t53623 l53631 ls175">addition, </span><span class="pp-class-382 pa t53623 l53632 ls110">there </span><span class="pp-class-382 pa t53623 l53633 ls85">are </span><span class="pp-class-382 pa t53623 l53634 ls12">minor </span><span class="pp-class-382 pa t53623 l53635 ls2220">defined </span><span class="pp-class-382 pa t53636 l3 ls2220">benefit </span><span class="pp-class-382 pa t53636 l53637">plans </span><span class="pp-class-382 pa t53636 l53638">in </span><span class="pp-class-382 pa t53636 l53639 ls1244">Norway, </span><span class="pp-class-382 pa t53636 l53640">Belgium, </span><span class="pp-class-382 pa t53636 l53641 ls1864">Italy, </span><span class="pp-class-382 pa t53636 l53642 ls1243">Türkiye, </span><span class="pp-class-382 pa t53636 l53643 ls2084">Lithuania, </span><span class="pp-class-382 pa t53636 l53644 ls897">France, </span><span class="pp-class-382 pa t53636 l53645 ls1237">Germany, </span><span class="pp-class-382 pa t53636 l53646 ls12">Denmark, </span><span class="pp-class-382 pa t53636 l53647 ls12">and </span><span class="pp-class-382 pa t53636 l53648 ls1005">Sweden. </span><span class="pp-class-382 pa t53636 l53649 ls12">The </span><span class="pp-class-382 pa t53650 l3 ls842">United </span><span class="pp-class-382 pa t53650 l53651">Kingdom </span><span class="pp-class-382 pa t53650 l53652 ls1264">accounts </span><span class="pp-class-382 pa t53650 l53653 ls43">for </span><span class="pp-class-382 pa t53650 l10808 ls650">-46.9%</span><span class="pp-class-374 pa t53654 l53655">1</span><span class="pp-class-382 pa t53650 l53656"/><span class="pp-class-382 pa t53650 l53657">(2023: </span><span class="pp-class-382 pa t53650 l53658">12.1%) </span><span class="pp-class-382 pa t53650 l53659 ls287">of </span><span class="pp-class-382 pa t53650 l53660">the </span><span class="pp-class-382 pa t53650 l53661 ls854">total </span><span class="pp-class-382 pa t53650 l53662 ls150">net </span><span class="pp-class-382 pa t53650 l53663">liability </span><span class="pp-class-382 pa t53650 l53664">and </span><span class="pp-class-382 pa t53650 l53665 ls2970">88.4% </span><span class="pp-class-382 pa t53650 l53666 ls12">(2023: </span><span class="pp-class-382 pa t53650 l53667 ls302">91.8%) </span><span class="pp-class-382 pa t53650 l53668 ls287">of </span><span class="pp-class-382 pa t53650 l53669">the </span><span class="pp-class-382 pa t53670 l3">funded </span><span class="pp-class-382 pa t53670 l53671">and </span><span class="pp-class-382 pa t53670 l34216 ls970">unfunded </span><span class="pp-class-382 pa t53670 l12999 ls90">obligation. </span><span class="pp-class-382 pa t53670 l53672">The </span><span class="pp-class-382 pa t53670 l53673">majority </span><span class="pp-class-382 pa t53670 l32073 ls287">of </span><span class="pp-class-382 pa t53670 l53674">the </span><span class="pp-class-382 pa t53670 l53675 ls2220">defined </span><span class="pp-class-382 pa t53670 l53676 ls2220">benefit </span><span class="pp-class-382 pa t53670 l53677">plans </span><span class="pp-class-382 pa t53670 l31688 ls85">are </span><span class="pp-class-382 pa t53670 l53678 ls12">pension </span><span class="pp-class-382 pa t53670 l53679 ls12">plans </span><span class="pp-class-382 pa t53670 l53680 ls81">that </span><span class="pp-class-382 pa t53670 l53681 ls1099">yearly </span><span class="pp-class-382 pa t53670 l53682 ls931">pay </span><span class="pp-class-382 pa t53683 l3">out </span><span class="pp-class-382 pa t53683 l53684">a </span><span class="pp-class-382 pa t53683 l13687 ls910">certain </span><span class="pp-class-382 pa t53683 l53685 ls16">percentage </span><span class="pp-class-382 pa t53683 l53686 ls287">of </span><span class="pp-class-382 pa t53683 l53687">the </span><span class="pp-class-382 pa t53683 l53688 ls1733">employee’s </span><span class="pp-class-382 pa t53683 l53689">final </span><span class="pp-class-382 pa t53683 l53690 ls1969">salary </span><span class="pp-class-382 pa t53683 l53691">upon </span><span class="pp-class-382 pa t53683 l53692 ls978">retirement. </span><span class="pp-class-382 pa t53683 l53693">The </span><span class="pp-class-382 pa t53683 l53694 ls12">pensions </span><span class="pp-class-382 pa t53683 l53695 ls85">are </span><span class="pp-class-382 pa t53683 l53696">paid </span><span class="pp-class-382 pa t53683 l53697">out </span><span class="pp-class-382 pa t53683 l53698 ls12">as </span><span class="pp-class-382 pa t53683 l53699 ls931">from </span><span class="pp-class-382 pa t53700 l3 ls88">retirement </span><span class="pp-class-382 pa t53700 l53701">and </span><span class="pp-class-382 pa t53700 l53702">during </span><span class="pp-class-382 pa t53700 l18348">the </span><span class="pp-class-382 pa t53700 l32279 ls241">remaining </span><span class="pp-class-382 pa t53700 l53703 ls1005">life </span><span class="pp-class-382 pa t53700 l53704 ls287">of </span><span class="pp-class-382 pa t53700 l53705">the </span><span class="pp-class-382 pa t53700 l53706 ls124">employee. </span><span class="pp-class-382 pa t53700 l53707">The </span><span class="pp-class-382 pa t53700 l53708 ls16">percentage </span><span class="pp-class-382 pa t53700 l53709 ls287">of </span><span class="pp-class-382 pa t53700 l53710">the </span><span class="pp-class-382 pa t53700 l53711 ls1969">salary </span><span class="pp-class-382 pa t53700 l53712">is </span><span class="pp-class-382 pa t53700 l53713 ls287">dependent </span><span class="pp-class-382 pa t53700 l53714 ls287">of </span><span class="pp-class-382 pa t53700 l53715 ls12">the </span><span class="pp-class-382 pa t53716 l3">seniority </span><span class="pp-class-382 pa t53716 l53717 ls287">of </span><span class="pp-class-382 pa t53716 l53718">the </span><span class="pp-class-382 pa t53716 l53719 ls16">employee </span><span class="pp-class-382 pa t53716 l53720 ls187">except </span><span class="pp-class-382 pa t53716 l53721 ls43">for </span><span class="pp-class-382 pa t53716 l53722 ls910">certain </span><span class="pp-class-382 pa t53716 l53723">closed </span><span class="pp-class-382 pa t53716 l53724">plans </span><span class="pp-class-382 pa t53716 l53725">in </span><span class="pp-class-382 pa t53716 l53726">the </span><span class="pp-class-382 pa t53716 l53727 ls842">United </span><span class="pp-class-382 pa t53716 l53728">Kingdom </span><span class="pp-class-382 pa t53716 l53729 ls12">and </span><span class="pp-class-382 pa t53716 l53730">some </span><span class="pp-class-382 pa t53716 l53731 ls287">of </span><span class="pp-class-382 pa t53716 l53732 ls12">the </span><span class="pp-class-382 pa t53716 l53733 ls72">other </span><span class="pp-class-382 pa t53716 l53734 ls12">minor </span><span class="pp-class-382 pa t53735 l3">plans. </span><span class="pp-class-382 pa t53735 l16676">The </span><span class="pp-class-382 pa t53735 l53736 ls2220">defined </span><span class="pp-class-382 pa t53735 l53737 ls2220">benefit </span><span class="pp-class-382 pa t53735 l53738">plans </span><span class="pp-class-382 pa t53735 l53739 ls138">typically </span><span class="pp-class-382 pa t53735 l53740 ls813">include </span><span class="pp-class-382 pa t53735 l53741">a </span><span class="pp-class-382 pa t53735 l46411">spouse </span><span class="pp-class-382 pa t53735 l53742">pension </span><span class="pp-class-382 pa t53735 l53743">and </span><span class="pp-class-382 pa t53735 l53744">disability </span><span class="pp-class-382 pa t53735 l53745 ls138">insurance.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53746 l3 ls2595">Some </span><span class="pp-class-382 pa t53746 l53747 ls4906">of </span><span class="pp-class-382 pa t53746 l53748 ls4575">the </span><span class="pp-class-382 pa t53746 l53749 ls6081">pension </span><span class="pp-class-382 pa t53746 l41430 ls4504">plans </span><span class="pp-class-382 pa t53746 l53750 ls6330">in </span><span class="pp-class-382 pa t53746 l53751 ls1969">Sweden </span><span class="pp-class-382 pa t53746 l53752 ls43">are </span><span class="pp-class-382 pa t53746 l53753 ls502">multi-employer </span><span class="pp-class-382 pa t53746 l20892 ls2632">plans, </span><span class="pp-class-382 pa t53746 l53754 ls892">covering </span><span class="pp-class-382 pa t53746 l53755 ls5681">a </span><span class="pp-class-382 pa t53746 l53756 ls2220">large </span><span class="pp-class-382 pa t53746 l53757 ls2632">number </span><span class="pp-class-382 pa t53746 l53758 ls4906">of </span><span class="pp-class-382 pa t53746 l53759 ls2595">enterprises. </span><span class="pp-class-382 pa t53746 l53760 ls5681">The </span><span class="pp-class-382 pa t53761 l3 ls4504">plans </span><span class="pp-class-382 pa t53761 l18479 ls43">are </span><span class="pp-class-382 pa t53761 l53762 ls1267">collective </span><span class="pp-class-382 pa t53761 l53763 ls4575">and </span><span class="pp-class-382 pa t53761 l53764 ls81">covered </span><span class="pp-class-382 pa t53761 l28805 ls502">through </span><span class="pp-class-382 pa t53761 l53765 ls2029">contributions </span><span class="pp-class-382 pa t53761 l53766 ls2595">paid </span><span class="pp-class-382 pa t53761 l53767 ls1969">to </span><span class="pp-class-382 pa t53761 l53768 ls4575">the </span><span class="pp-class-382 pa t53761 l53769 ls6081">pension </span><span class="pp-class-382 pa t53761 l47845 ls4906">company </span><span class="pp-class-382 pa t53761 l53770 ls5129">Alecta. </span><span class="pp-class-382 pa t53761 l53771 ls4575">The </span><span class="pp-class-382 pa t53761 l53772 ls191">Swedish </span><span class="pp-class-382 pa t53773 l3 ls2029">Financial </span><span class="pp-class-382 pa t53773 l53774 ls4906">Accounting </span><span class="pp-class-382 pa t53773 l53775 ls272">Standards </span><span class="pp-class-382 pa t53773 l2280 ls78">Council’s </span><span class="pp-class-382 pa t53773 l53776 ls4185">interpretations </span><span class="pp-class-382 pa t53773 l53777 ls4553">committee </span><span class="pp-class-382 pa t53773 l53778 ls1969">(Redovisningsrådet) </span><span class="pp-class-382 pa t53773 l53779 ls4575">has </span><span class="pp-class-382 pa t53773 l53780 ls5493">defined </span><span class="pp-class-382 pa t53773 l53781 ls4906">this </span><span class="pp-class-382 pa t53782 l3 ls2595">plan </span><span class="pp-class-382 pa t53782 l53783 ls6330">as </span><span class="pp-class-382 pa t53782 l53784 ls4512">a </span><span class="pp-class-382 pa t53782 l45037 ls502">multi-employer </span><span class="pp-class-382 pa t53782 l53785 ls5493">defined </span><span class="pp-class-382 pa t53782 l53786 ls5493">benefit </span><span class="pp-class-382 pa t53782 l53787 ls4504">plan. </span><span class="pp-class-382 pa t53782 l53788 ls858">Presently, </span><span class="pp-class-382 pa t53782 l53789 ls6330">it </span><span class="pp-class-382 pa t53782 l53790 ls6330">is </span><span class="pp-class-382 pa t53782 l53791 ls324">not </span><span class="pp-class-382 pa t53782 l53792 ls2029">possible </span><span class="pp-class-382 pa t53782 l53793 ls1969">to </span><span class="pp-class-382 pa t53782 l53794 ls5681">obtain </span><span class="pp-class-382 pa t53782 l53795 ls2632">sufficient </span><span class="pp-class-382 pa t53782 l53796 ls502">information </span><span class="pp-class-382 pa t31816 l3 ls45">from </span><span class="pp-class-382 pa t31816 l15939 ls5681">Alecta </span><span class="pp-class-382 pa t31816 l53797 ls1969">to </span><span class="pp-class-382 pa t31816 l53798 ls2058">apportion </span><span class="pp-class-382 pa t31816 l16363 ls6330">assets </span><span class="pp-class-382 pa t31816 l53799 ls4575">and </span><span class="pp-class-382 pa t31816 l53800 ls2065">liabilities </span><span class="pp-class-382 pa t31816 l53801 ls4906">of </span><span class="pp-class-382 pa t31816 l53802 ls4575">the </span><span class="pp-class-382 pa t31816 l53803 ls4504">plans </span><span class="pp-class-382 pa t31816 l53804 ls1969">to </span><span class="pp-class-382 pa t31816 l53805 ls4575">the </span><span class="pp-class-382 pa t31816 l53806 ls6081">participating </span><span class="pp-class-382 pa t31816 l53807 ls2554">employers. </span><span class="pp-class-382 pa t31816 l53808 ls1259">Consequently, </span><span class="pp-class-382 pa t31816 l53809 ls5681">the </span><span class="pp-class-382 pa t53810 l3 ls6081">pension </span><span class="pp-class-382 pa t53810 l53811 ls4504">plans </span><span class="pp-class-382 pa t53810 l29685 ls43">are </span><span class="pp-class-382 pa t53810 l53812 ls910">similarly </span><span class="pp-class-382 pa t53810 l53813 ls1969">to </span><span class="pp-class-382 pa t53810 l16393 ls4504">prior </span><span class="pp-class-382 pa t53810 l53814 ls502">years </span><span class="pp-class-382 pa t53810 l17370 ls258">treated </span><span class="pp-class-382 pa t53810 l53815 ls6330">as </span><span class="pp-class-382 pa t53810 l53816 ls5493">defined </span><span class="pp-class-382 pa t53810 l53817 ls6081">contribution </span><span class="pp-class-382 pa t53810 l37563 ls2632">plans. </span><span class="pp-class-382 pa t53810 l53818 ls4575">The </span><span class="pp-class-382 pa t53810 l53819 ls2029">contributions </span><span class="pp-class-382 pa t53810 l53820 ls43">are </span><span class="pp-class-382 pa t53810 l53821 ls5681">DKK </span><span class="pp-class-382 pa t53822 l3 ls6330">3m </span><span class="pp-class-382 pa t53822 l53823 ls6330">in </span><span class="pp-class-382 pa t53822 l53824 ls12">2024 </span><span class="pp-class-382 pa t53822 l16638 ls2632">(2023: </span><span class="pp-class-382 pa t53822 l53825 ls4575">DKK </span><span class="pp-class-382 pa t53822 l53826 ls2595">3m). </span><span class="pp-class-382 pa t53822 l53827 ls4575">The </span><span class="pp-class-382 pa t53822 l17197 ls1267">collective </span><span class="pp-class-382 pa t53822 l53828 ls6081">funding </span><span class="pp-class-382 pa t53822 l53829 ls78">ratio </span><span class="pp-class-382 pa t53822 l53830 ls913">at </span><span class="pp-class-382 pa t53822 l53831 ls5681">Alecta </span><span class="pp-class-382 pa t53822 l53832 ls2595">amounts </span><span class="pp-class-382 pa t53822 l53833 ls1969">to </span><span class="pp-class-382 pa t53822 l53834 ls324">163% </span><span class="pp-class-382 pa t53822 l53835 ls6330">as </span><span class="pp-class-382 pa t53822 l53836 ls4575">per </span><span class="pp-class-382 pa t53822 l53837 ls6330">September </span><span class="pp-class-382 pa t53822 l53838 ls175">2024 </span><span class="pp-class-382 pa t53839 l3 ls2652">(September </span><span class="pp-class-382 pa t53839 l4323 ls4504">2023: </span><span class="pp-class-382 pa t53839 l53840 ls3477">178%). </span><span class="pp-class-382 pa t53839 l53841 ls1531">For </span><span class="pp-class-382 pa t53839 l53842 ls278">2025, </span><span class="pp-class-382 pa t53839 l53843 ls4575">the </span><span class="pp-class-382 pa t53839 l53844 ls2029">contributions </span><span class="pp-class-382 pa t53839 l53845 ls43">are </span><span class="pp-class-382 pa t53839 l53846 ls980">expected </span><span class="pp-class-382 pa t53839 l53847 ls1969">to </span><span class="pp-class-382 pa t53839 l53848 ls6330">be </span><span class="pp-class-382 pa t53839 l53849 ls4575">DKK </span><span class="pp-class-382 pa t53839 l53850 ls4575">3m. </span><span class="pp-class-382 pa t53839 l46655 ls4504">DFDS’ </span><span class="pp-class-382 pa t53839 l53851 ls2220">share </span><span class="pp-class-382 pa t53839 l53852 ls4906">of </span><span class="pp-class-382 pa t53839 l53853 ls4575">the </span><span class="pp-class-382 pa t53839 l53854 ls3618">multi-</span><span class="pp-class-382 pa t53855 l3 ls892">employer </span><span class="pp-class-382 pa t53855 l17549 ls2595">plan </span><span class="pp-class-382 pa t53855 l53856 ls6330">is </span><span class="pp-class-382 pa t53855 l53857 ls1267">estimated </span><span class="pp-class-382 pa t53855 l53858 ls1969">to </span><span class="pp-class-382 pa t53855 l53859 ls6330">be </span><span class="pp-class-382 pa t53855 l53860 ls1667">around </span><span class="pp-class-382 pa t53855 l53861 ls1237">0.0042% </span><span class="pp-class-382 pa t53855 l53862 ls4575">and </span><span class="pp-class-382 pa t53855 l53863 ls4575">the </span><span class="pp-class-382 pa t53855 l53864 ls2029">liability </span><span class="pp-class-382 pa t53855 l53865 ls2329">follows </span><span class="pp-class-382 pa t53855 l29997 ls4575">the </span><span class="pp-class-382 pa t53855 l53866 ls2220">share </span><span class="pp-class-382 pa t53855 l53867 ls4906">of </span><span class="pp-class-382 pa t53855 l47025 ls4575">the </span><span class="pp-class-382 pa t53855 l53868 ls2554">total </span><span class="pp-class-382 pa t53855 l53869 ls2595">plan.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53870 l3">In </span><span class="pp-class-382 pa t53870 l34228 ls278">2024, </span><span class="pp-class-382 pa t53870 l53871">a </span><span class="pp-class-382 pa t53870 l53872">ruling </span><span class="pp-class-382 pa t53870 l53873">in </span><span class="pp-class-382 pa t53870 l44621">the </span><span class="pp-class-382 pa t53870 l53874">UK </span><span class="pp-class-382 pa t53870 l53300">on </span><span class="pp-class-382 pa t53870 l53875 ls287">amendments </span><span class="pp-class-382 pa t53870 l53876 ls128">made </span><span class="pp-class-382 pa t53870 l53877 ls166">to </span><span class="pp-class-382 pa t53870 l53878">a </span><span class="pp-class-382 pa t53870 l53879">non-DFDS </span><span class="pp-class-382 pa t53870 l53880">pension </span><span class="pp-class-382 pa t53870 l53881">scheme </span><span class="pp-class-382 pa t53870 l53882 ls43">for </span><span class="pp-class-382 pa t53870 l53883 ls12">the </span><span class="pp-class-382 pa t53870 l53884 ls78">years </span><span class="pp-class-382 pa t53870 l53885 ls1326">1997 </span><span class="pp-class-382 pa t53870 l53886">- </span><span class="pp-class-382 pa t53870 l53887 ls128">2016 </span><span class="pp-class-382 pa t53888 l3 ls124">was </span><span class="pp-class-382 pa t53888 l53889 ls982">concluded. </span><span class="pp-class-382 pa t53888 l31164">This </span><span class="pp-class-382 pa t53888 l53890">ruling </span><span class="pp-class-382 pa t53888 l14906 ls907">might </span><span class="pp-class-382 pa t53888 l53891 ls99">have </span><span class="pp-class-382 pa t53888 l53892 ls193">implications </span><span class="pp-class-382 pa t53888 l53893">on </span><span class="pp-class-382 pa t53888 l53894">the </span><span class="pp-class-382 pa t53888 l53895 ls110">Group </span><span class="pp-class-382 pa t53888 l53896">as </span><span class="pp-class-382 pa t53888 l53897 ls287">amendments </span><span class="pp-class-382 pa t53888 l53898 ls1237">were </span><span class="pp-class-382 pa t53888 l53899 ls12">also </span><span class="pp-class-382 pa t53888 l53900 ls128">made </span><span class="pp-class-382 pa t53888 l53901 ls166">to </span><span class="pp-class-382 pa t53888 l53902 ls12">the </span><span class="pp-class-382 pa t53903 l3 ls124">Group's </span><span class="pp-class-382 pa t53903 l53904">UK </span><span class="pp-class-382 pa t53903 l46000">pension </span><span class="pp-class-382 pa t53903 l53905">schemes </span><span class="pp-class-382 pa t53903 l53906">in </span><span class="pp-class-382 pa t53903 l53907">the </span><span class="pp-class-382 pa t53903 l53908">period </span><span class="pp-class-382 pa t53903 l53909">in </span><span class="pp-class-382 pa t53903 l53910">question. </span><span class="pp-class-382 pa t53903 l53911 ls72">Management </span><span class="pp-class-382 pa t53903 l53912">has </span><span class="pp-class-382 pa t53903 l53913 ls193">obtained </span><span class="pp-class-382 pa t53903 l53914 ls12">legal </span><span class="pp-class-382 pa t53903 l53915 ls2329">assessments </span><span class="pp-class-382 pa t53903 l53916 ls12">and </span><span class="pp-class-382 pa t53903 l53917 ls12">will </span><span class="pp-class-382 pa t53918 l3 ls287">continue </span><span class="pp-class-382 pa t53918 l45921 ls166">to </span><span class="pp-class-382 pa t53918 l48221">seek </span><span class="pp-class-382 pa t53918 l17220">legal </span><span class="pp-class-382 pa t53918 l53919 ls1264">advice </span><span class="pp-class-382 pa t53918 l53920">on </span><span class="pp-class-382 pa t53918 l53921">the </span><span class="pp-class-382 pa t53918 l37918 ls274">matter </span><span class="pp-class-382 pa t53918 l53922">and </span><span class="pp-class-382 pa t53918 l47974 ls180">act </span><span class="pp-class-382 pa t53918 l53923 ls5039">accordingly. </span><span class="pp-class-382 pa t53918 l53924 ls796">However, </span><span class="pp-class-382 pa t53918 l53925">as </span><span class="pp-class-382 pa t53918 l53926">a </span><span class="pp-class-382 pa t53918 l53927 ls193">detailed </span><span class="pp-class-382 pa t53918 l53928 ls278">investigation </span><span class="pp-class-382 pa t53918 l53929 ls258">into </span><span class="pp-class-382 pa t53930 l3 ls982">historic </span><span class="pp-class-382 pa t53930 l49594">Scheme </span><span class="pp-class-382 pa t53930 l14995 ls287">amendments </span><span class="pp-class-382 pa t53930 l30831">is </span><span class="pp-class-382 pa t53930 l51213 ls2835">at </span><span class="pp-class-382 pa t53930 l17394">an </span><span class="pp-class-382 pa t53930 l5818 ls214">early </span><span class="pp-class-382 pa t53930 l47587 ls138">stage, </span><span class="pp-class-382 pa t53930 l53931">the </span><span class="pp-class-382 pa t53930 l53932 ls907">amount </span><span class="pp-class-382 pa t53930 l53933 ls287">of </span><span class="pp-class-382 pa t53930 l53934 ls43">any </span><span class="pp-class-382 pa t53930 l53935 ls1264">potential </span><span class="pp-class-382 pa t53930 l53936 ls332">impact </span><span class="pp-class-382 pa t53930 l53937 ls12">on </span><span class="pp-class-382 pa t53930 l53938 ls12">the </span><span class="pp-class-382 pa t53930 l53939 ls2220">defined </span><span class="pp-class-382 pa t53930 l53940 ls2220">benefit </span><span class="pp-class-382 pa t53941 l3 ls704">obligation </span><span class="pp-class-382 pa t53941 l53942 ls175">cannot </span><span class="pp-class-382 pa t53941 l53943">be </span><span class="pp-class-382 pa t53941 l53944 ls813">confirmed </span><span class="pp-class-382 pa t53941 l42533">and </span><span class="pp-class-382 pa t53941 l53945">/ </span><span class="pp-class-382 pa t53941 l51896">or </span><span class="pp-class-382 pa t53941 l53946 ls1259">measured </span><span class="pp-class-382 pa t53941 l53947">with </span><span class="pp-class-382 pa t53941 l53948 ls287">sufficient </span><span class="pp-class-382 pa t53941 l53949 ls112">reliability </span><span class="pp-class-382 pa t53941 l53950 ls2835">at </span><span class="pp-class-382 pa t53941 l53951">the </span><span class="pp-class-382 pa t53941 l53952 ls16">2024 </span><span class="pp-class-382 pa t53941 l53953 ls1252">year-end.</span></p><table><tr><td colspan="3" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53954 l3">Based </span><span class="pp-class-373 pa t53954 l53955">on </span><span class="pp-class-373 pa t53954 l53956 ls193">actuarial </span><span class="pp-class-373 pa t53954 l53957 ls43">calculations </span><span class="pp-class-373 pa t53954 l53958">the </span><span class="pp-class-373 pa t53954 l53959 ls272">defined </span><span class="pp-class-373 pa t53954 l53960 ls272">benefit </span><span class="pp-class-373 pa t53954 l53961 ls175">plans </span><span class="pp-class-373 pa t53954 l53962 ls68">show </span><span class="pp-class-373 pa t53954 l53963">the </span><span class="pp-class-373 pa t53954 l53964 ls81">following </span><span class="pp-class-373 pa t53954 l53965 ls12">liabilities:</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53966 l3">DKK </span><span class="pp-class-372 pa t53966 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53966 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53966 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53967 l3 ls1326">Present </span><span class="pp-class-372 pa t53967 l53968 ls16">value </span><span class="pp-class-372 pa t53967 l31750 ls287">of </span><span class="pp-class-372 pa t53967 l53969">funded </span><span class="pp-class-372 pa t53967 l53970 ls2220">defined </span><span class="pp-class-372 pa t53967 l53971 ls2220">benefit </span><span class="pp-class-372 pa t53967 l53972 ls704">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53967 l50270">609</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53967 l53973">658</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53974 l3 ls128">Fair </span><span class="pp-class-372 pa t53974 l53975 ls16">value </span><span class="pp-class-372 pa t53974 l53976 ls287">of </span><span class="pp-class-372 pa t53974 l53977">plan </span><span class="pp-class-372 pa t53974 l49722 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53974 l53978">-633</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53974 l53979">-650</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53980 l3">Funded </span><span class="pp-class-373 pa t53980 l46269 ls272">defined </span><span class="pp-class-373 pa t53980 l135 ls272">benefit </span><span class="pp-class-373 pa t53980 l53981 ls944">obligations, </span><span class="pp-class-373 pa t53980 l53982 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53980 l53983 ls278">-24</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53980 l53984">8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53985 l3 ls1326">Present </span><span class="pp-class-372 pa t53985 l53968 ls16">value </span><span class="pp-class-372 pa t53985 l31750 ls287">of </span><span class="pp-class-372 pa t53985 l53969 ls970">unfunded </span><span class="pp-class-372 pa t53985 l53986 ls2220">defined </span><span class="pp-class-372 pa t53985 l53987 ls2220">benefit </span><span class="pp-class-372 pa t53985 l53988 ls704">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53985 l53989 ls3688">77</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53985 l48650">56</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53990 l3">Recognised </span><span class="pp-class-373 pa t53990 l17573">liabilities </span><span class="pp-class-373 pa t53990 l53991 ls175">for </span><span class="pp-class-373 pa t53990 l53992 ls272">defined </span><span class="pp-class-373 pa t53990 l30109 ls272">benefit </span><span class="pp-class-373 pa t53990 l53993 ls112">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53990 l53994">53</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53990 l53995">64</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53996 l3 ls897">Provision </span><span class="pp-class-372 pa t53996 l48780 ls43">for </span><span class="pp-class-372 pa t53996 l16535">jubilee </span><span class="pp-class-372 pa t53996 l53997">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53996 l53998 ls16">27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53996 l42351">26</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53999 l3 ls2459">Total </span><span class="pp-class-373 pa t53999 l29712 ls193">actuarial </span><span class="pp-class-373 pa t53999 l54000">liabilities, </span><span class="pp-class-373 pa t53999 l54001 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53999 l54002 ls128">79</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53999 l54003">90</span></p></td></tr></table><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54004 l3 ls1264">Pension </span><span class="pp-class-372 pa t54004 l41645 ls72">assets</span><span class="pp-class-374 pa t54005 l54006">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54004 l54007">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54004 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54008 l3 ls1264">Pension </span><span class="pp-class-372 pa t54008 l41645">and </span><span class="pp-class-372 pa t54008 l42796">jubilee </span><span class="pp-class-372 pa t54008 l42797">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54008 l50290 ls278">104</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54008 l54009">90</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54010 l3 ls2459">Total </span><span class="pp-class-373 pa t54010 l29712 ls193">actuarial </span><span class="pp-class-373 pa t54010 l54000">liabilities, </span><span class="pp-class-373 pa t54010 l54001 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54010 l54002 ls128">79</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54010 l54003">90</span></p></td></tr></table></div></div><div id="pp-id-5221" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h54011 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l3 ls882">Movements </span><span class="pp-class-373 pa t30329 l21857">in </span><span class="pp-class-373 pa t30329 l52962">the </span><span class="pp-class-373 pa t30329 l18367 ls813">net </span><span class="pp-class-373 pa t30329 l54012 ls128">present </span><span class="pp-class-373 pa t30329 l54013 ls110">value </span><span class="pp-class-373 pa t30329 l54014">of </span><span class="pp-class-373 pa t30329 l54015">funded </span><span class="pp-class-373 pa t30329 l54016">and </span><span class="pp-class-373 pa t30329 l54017 ls907">unfunded </span><span class="pp-class-373 pa t30329 l54018 ls272">defined </span><span class="pp-class-373 pa t48838 l3 ls272">benefit </span><span class="pp-class-373 pa t48838 l50517 ls112">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l3">Funded </span><span class="pp-class-372 pa t54019 l54020">and </span><span class="pp-class-372 pa t54019 l30858 ls970">unfunded </span><span class="pp-class-372 pa t54019 l29851 ls90">obligations </span><span class="pp-class-372 pa t54019 l54021 ls2835">at </span><span class="pp-class-372 pa t54019 l54022 ls1227">January </span><span class="pp-class-372 pa t54019 l54023">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l54024 ls2835">714</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l42700">683</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54025 l3 ls704">Addition </span><span class="pp-class-372 pa t54025 l47664 ls931">regarding </span><span class="pp-class-372 pa t54025 l54026 ls970">acquisition</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54025 l54027">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54025 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54028 l3 ls124">Foreign </span><span class="pp-class-372 pa t54028 l42531 ls230">exchange </span><span class="pp-class-372 pa t54028 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54028 l52976">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54028 l52948">15</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l3 ls1326">Current </span><span class="pp-class-372 pa t54029 l47286 ls1227">service </span><span class="pp-class-372 pa t54029 l54030">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l50255">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l47088">8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54031 l3 ls884">Interest </span><span class="pp-class-372 pa t54031 l14027">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54031 l54032">31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54031 l47303">32</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54033 l3 ls316">Actuarial </span><span class="pp-class-372 pa t54033 l17327">gain(-)/loss(+) </span><span class="pp-class-372 pa t54033 l54034">arising </span><span class="pp-class-372 pa t54033 l54035 ls931">from </span><span class="pp-class-372 pa t54033 l54036">changes </span><span class="pp-class-372 pa t54033 l54037">in </span><span class="pp-class-372 pa t54033 l54038 ls112">demographic </span><span class="pp-class-372 pa t54033 l54039 ls96">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54033 l54040">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54033 l54041 ls254">-27</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54042 l3 ls316">Actuarial </span><span class="pp-class-372 pa t54042 l17327">gain(-)/loss(+) </span><span class="pp-class-372 pa t54042 l54034">arising </span><span class="pp-class-372 pa t54042 l54035 ls931">from </span><span class="pp-class-372 pa t54042 l54036">changes </span><span class="pp-class-372 pa t54042 l54037">in </span><span class="pp-class-372 pa t54042 l54038">financial </span><span class="pp-class-372 pa t54042 l54043 ls96">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54042 l54044">-68</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54042 l50236">42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54045 l3 ls3502">Benefits </span><span class="pp-class-372 pa t54045 l54046">paid</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54045 l49764">-45</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54045 l54047">-39</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54048 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54048 l52990">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54048 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54049 l3">Funded </span><span class="pp-class-373 pa t54049 l46269">and </span><span class="pp-class-373 pa t54049 l54050 ls907">unfunded </span><span class="pp-class-373 pa t54049 l54051 ls128">obligations </span><span class="pp-class-373 pa t54049 l54052 ls1323">at </span><span class="pp-class-373 pa t54049 l54053">31 </span><span class="pp-class-373 pa t54049 l54054">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54049 l54055">685</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54049 l54056 ls842">714</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54057 l3 ls882">Movements </span><span class="pp-class-373 pa t54057 l21857">in </span><span class="pp-class-373 pa t54057 l52962">the </span><span class="pp-class-373 pa t54057 l18367 ls813">fair </span><span class="pp-class-373 pa t54057 l54058 ls110">value </span><span class="pp-class-373 pa t54057 l28127">of </span><span class="pp-class-373 pa t54057 l54059">the </span><span class="pp-class-373 pa t54057 l54060 ls272">defined </span><span class="pp-class-373 pa t54057 l54061 ls272">benefit </span><span class="pp-class-373 pa t54057 l54062 ls45">plan </span><span class="pp-class-373 pa t54057 l54063 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54064 l3">Plan </span><span class="pp-class-372 pa t54064 l54065 ls175">assets </span><span class="pp-class-372 pa t54064 l54066 ls2835">at </span><span class="pp-class-372 pa t54064 l37592">1 </span><span class="pp-class-372 pa t54064 l18289 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54064 l36840">-650</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54064 l54067">-619</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54068 l3 ls124">Foreign </span><span class="pp-class-372 pa t54068 l42531 ls230">exchange </span><span class="pp-class-372 pa t54068 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54068 l54069">-32</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54068 l54070 ls2835">-14</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54071 l3 ls128">Calculated </span><span class="pp-class-372 pa t54071 l18480 ls884">interest </span><span class="pp-class-372 pa t54071 l34979">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54071 l54072">-30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54071 l54073">-31</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54074 l3 ls175">Return </span><span class="pp-class-372 pa t54074 l3141">on </span><span class="pp-class-372 pa t54074 l3142">plan </span><span class="pp-class-372 pa t54074 l18000 ls175">assets </span><span class="pp-class-372 pa t54074 l54075 ls230">excluding </span><span class="pp-class-372 pa t54074 l54076 ls128">calculated </span><span class="pp-class-372 pa t54074 l54077 ls884">interest </span><span class="pp-class-372 pa t54074 l54078">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54074 l53310">59</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54074 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54079 l3">Costs </span><span class="pp-class-372 pa t54079 l54080 ls287">of </span><span class="pp-class-372 pa t54079 l54081 ls228">managing </span><span class="pp-class-372 pa t54079 l54082">the </span><span class="pp-class-372 pa t54079 l54083 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54079 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54079 l42414">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54084 l3 ls16">Employer </span><span class="pp-class-372 pa t54084 l54085 ls2329">contributions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54084 l54086">-23</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54084 l54087">-22</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54088 l3 ls3502">Benefits </span><span class="pp-class-372 pa t54088 l54046">paid</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54088 l54089">40</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54088 l48777">31</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54090 l3 ls45">Plan </span><span class="pp-class-373 pa t54090 l54091 ls907">assets </span><span class="pp-class-373 pa t54090 l53477 ls1323">at </span><span class="pp-class-373 pa t54090 l7354">31 </span><span class="pp-class-373 pa t54090 l54092">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54090 l54093">-633</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54090 l54094">-650</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54095 l3 ls45">Plan </span><span class="pp-class-373 pa t54095 l54091 ls907">assets </span><span class="pp-class-373 pa t54095 l53477">consist </span><span class="pp-class-373 pa t54095 l23615">of </span><span class="pp-class-373 pa t54095 l54096">the </span><span class="pp-class-373 pa t54095 l54097 ls81">following:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54098 l3">Cash </span><span class="pp-class-372 pa t54098 l3014">and </span><span class="pp-class-372 pa t54098 l18346">cash </span><span class="pp-class-372 pa t54098 l43303 ls144">equivalents</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54098 l54099">-4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54098 l54100">-3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54101 l3">Blended </span><span class="pp-class-372 pa t54101 l16163 ls1259">investment </span><span class="pp-class-372 pa t54101 l16672">funds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54101 l54102 ls128">-627</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54101 l54103">-645</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54104 l3">Other </span><span class="pp-class-372 pa t54104 l8525 ls175">assets </span><span class="pp-class-372 pa t54104 l54105 ls997">(primarily </span><span class="pp-class-372 pa t54104 l54106 ls671">insured </span><span class="pp-class-372 pa t54104 l39709 ls1264">plans)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54104 l54107">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54104 l47100">-2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54108 l3 ls2459">Total </span><span class="pp-class-373 pa t54108 l29712 ls45">plan </span><span class="pp-class-373 pa t54108 l54109 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54108 l54093">-633</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54108 l54094">-650</span></p></td></tr></table></div></div><div id="pp-id-5145" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls858">The </span><span class="pp-class-376 pa t3433 l16631 ls1319">United </span><span class="pp-class-376 pa t3433 l30142 ls2486">Kingdom</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3439 l3 ls1305">defined </span><span class="pp-class-376 pa t3439 l54110 ls1305">benefit </span><span class="pp-class-376 pa t3439 l54111 ls1759">plans </span><span class="pp-class-376 pa t3439 l54112 ls2459">are</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3445 l3 ls1083">at </span><span class="pp-class-376 pa t3445 l44213 ls53">accounting </span><span class="pp-class-376 pa t3445 l54113 ls1323">basis</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t4202 l3 ls852">overfunded </span><span class="pp-class-376 pa t4202 l40465 ls2784">by </span><span class="pp-class-376 pa t4202 l54114 ls1080">DKK</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t4210 l3 ls858">25m </span><span class="pp-class-376 pa t4210 l54115 ls1080">as </span><span class="pp-class-376 pa t4210 l54116 ls1099">per </span><span class="pp-class-376 pa t4210 l6826 ls858">end </span><span class="pp-class-376 pa t4210 l54117 ls103">of </span><span class="pp-class-376 pa t4210 l54118 ls1150">2024.</span></p></div></div><div id="pp-id-5222" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h54119 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls185">3.2.5 </span><span class="pp-class-370 pa t21055 l43638 ls37">Pension </span><span class="pp-class-370 pa t21055 l53543">and </span><span class="pp-class-370 pa t21055 l53544 ls45">jubilee </span><span class="pp-class-370 pa t21055 l53545">liabilities </span><span class="pp-class-371 pa t21055 l27192 ls155">(continued)</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3">Expenses </span><span class="pp-class-373 pa t42308 l54120 ls72">recognised </span><span class="pp-class-373 pa t42308 l54121">as </span><span class="pp-class-373 pa t42308 l54122 ls1955">employee </span><span class="pp-class-373 pa t42308 l54123">costs </span><span class="pp-class-373 pa t42308 l54124">in </span><span class="pp-class-373 pa t42308 l36025">the </span><span class="pp-class-373 pa t42308 l54125">income </span><span class="pp-class-373 pa t42308 l54126 ls254">statement:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3 ls1326">Current </span><span class="pp-class-372 pa t43125 l47286 ls1227">service </span><span class="pp-class-372 pa t43125 l54030">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l50255">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l47088">8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54127 l3 ls2459">Total </span><span class="pp-class-373 pa t54127 l29712 ls2329">included </span><span class="pp-class-373 pa t54127 l41723">in </span><span class="pp-class-373 pa t54127 l54128 ls1955">employee </span><span class="pp-class-373 pa t54127 l54129">costs </span><span class="pp-class-373 pa t54127 l43317 ls241">regarding </span><span class="pp-class-373 pa t54127 l54130 ls272">defined </span><span class="pp-class-373 pa t54127 l54131 ls272">benefit </span><span class="pp-class-373 pa t54127 l54132 ls45">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54127 l54133">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54127 l53984">8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54134 l3">Expenses </span><span class="pp-class-373 pa t54134 l54120 ls72">recognised </span><span class="pp-class-373 pa t54134 l54121">as </span><span class="pp-class-373 pa t54134 l54122 ls2548">financial </span><span class="pp-class-373 pa t54134 l54135">costs </span><span class="pp-class-373 pa t54134 l54136">in </span><span class="pp-class-373 pa t54134 l54137">the </span><span class="pp-class-373 pa t54134 l54138">income </span><span class="pp-class-373 pa t54134 l54139 ls254">statement:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54140 l3 ls884">Interest </span><span class="pp-class-372 pa t54140 l14027">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54140 l54032">31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54140 l47303">32</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54141 l3 ls884">Interest </span><span class="pp-class-372 pa t54141 l14027">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54141 l50449">30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54141 l48777">31</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54142 l3 ls2459">Total </span><span class="pp-class-373 pa t54142 l29712 ls2329">included </span><span class="pp-class-373 pa t54142 l41723">in </span><span class="pp-class-373 pa t54142 l54128 ls2548">financial </span><span class="pp-class-373 pa t54142 l54143">costs </span><span class="pp-class-373 pa t54142 l54144 ls241">regarding </span><span class="pp-class-373 pa t54142 l54145 ls272">defined </span><span class="pp-class-373 pa t54142 l54146 ls272">benefit </span><span class="pp-class-373 pa t54142 l48546 ls45">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54142 l54147">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54142 l47088">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54148 l3 ls2459">Total </span><span class="pp-class-373 pa t54148 l29712 ls884">expenses </span><span class="pp-class-373 pa t54148 l39595 ls175">for </span><span class="pp-class-373 pa t54148 l54149 ls272">defined </span><span class="pp-class-373 pa t54148 l54150 ls272">benefit </span><span class="pp-class-373 pa t54148 l54151 ls175">plans </span><span class="pp-class-373 pa t54148 l43291 ls72">recognised </span><span class="pp-class-373 pa t54148 l54152">in </span><span class="pp-class-373 pa t54148 l54153">the </span><span class="pp-class-373 pa t54148 l54154">income </span><span class="pp-class-373 pa t54148 l54155 ls78">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54148 l54156">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54148 l54157">9</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54158 l3">Expenses </span><span class="pp-class-373 pa t54158 l54120 ls72">recognised </span><span class="pp-class-373 pa t54158 l54121">in </span><span class="pp-class-373 pa t54158 l50377 ls907">other </span><span class="pp-class-373 pa t54158 l54159 ls241">comprehensive </span><span class="pp-class-373 pa t54158 l54160 ls72">income, </span><span class="pp-class-373 pa t54158 l54161 ls105">gain(-)/loss(+):</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54162 l3 ls144">Remeasurements </span><span class="pp-class-372 pa t54162 l9820 ls287">of </span><span class="pp-class-372 pa t54162 l34245">plan </span><span class="pp-class-372 pa t54162 l54163 ls704">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54162 l54164 ls728">-70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54162 l54165 ls302">16</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54166 l3 ls144">Remeasurements </span><span class="pp-class-372 pa t54166 l9820 ls287">of </span><span class="pp-class-372 pa t54166 l34245">plan </span><span class="pp-class-372 pa t54166 l54163 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54166 l52889">61</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54166 l42494">6</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54167 l3 ls2459">Total </span><span class="pp-class-373 pa t54167 l29712 ls2329">included </span><span class="pp-class-373 pa t54167 l41723">in </span><span class="pp-class-373 pa t54167 l54128 ls907">other </span><span class="pp-class-373 pa t54167 l54168 ls241">comprehensive </span><span class="pp-class-373 pa t54167 l53101">income </span><span class="pp-class-373 pa t54167 l54169 ls241">regarding </span><span class="pp-class-373 pa t54167 l54170 ls272">defined </span><span class="pp-class-373 pa t54167 l54171 ls272">benefit </span><span class="pp-class-373 pa t54167 l54172 ls45">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54167 l54173">-9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54167 l54174">21</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t54175 l3 ls3123 wtro3159 wtr1724 tro3160 tr1725">Actuarial </span><span class="pp-class-382 pa t54175 l54176 ls3382 wtro3159 wtr1724 tro3160 tr1725">calculations </span><span class="pp-class-382 pa t54175 l54177 ls2142 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t54175 l54178 ls8012 wtro3159 wtr1724 tro3160 tr1725">roll </span><span class="pp-class-382 pa t54175 l54179 ls3190 wtro3159 wtr1724 tro3160 tr1725">forward </span><span class="pp-class-382 pa t54175 l54180 ls3382 wtro3159 wtr1724 tro3160 tr1725">calculations </span><span class="pp-class-382 pa t54175 l54181 ls719 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t54175 l54182 ls1535 wtro3159 wtr1724 tro3160 tr1725">performed </span><span class="pp-class-382 pa t54175 l54183 ls712 wtro3159 wtr1724 tro3160 tr1725">annually </span><span class="pp-class-382 pa t54175 l54184 ls1864 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t54175 l54185 ls2944 wtro3159 wtr1724 tro3160 tr1725">all </span><span class="pp-class-382 pa t54175 l54186 ls650 wtro3159 wtr1724 tro3160 tr1725">defined </span><span class="pp-class-382 pa t54175 l54187 ls650 wtro3159 wtr1724 tro3160 tr1725">benefit </span><span class="pp-class-382 pa t54175 l54188 ls7756 wtro3159 wtr1724 tro3160 tr1725">plans. </span><span class="pp-class-382 pa t54175 l54189 ls3458 wtro3159 wtr1724 tro3160 tr1725">Assumptions </span><span class="pp-class-382 pa t54190 l3 ls688 wtro3159 wtr1724 tro3160 tr1725">regarding </span><span class="pp-class-382 pa t54190 l32058 ls1305 wtro3159 wtr1724 tro3160 tr1725">future </span><span class="pp-class-382 pa t54190 l54191 ls978 wtro3159 wtr1724 tro3160 tr1725">mortality </span><span class="pp-class-382 pa t54190 l14660 ls728 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t54190 l54192 ls302 wtro3159 wtr1724 tro3160 tr1725">based </span><span class="pp-class-382 pa t54190 l54193 ls16 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t54190 l54194 ls1140 wtro3159 wtr1724 tro3160 tr1725">actuarial </span><span class="pp-class-382 pa t54190 l54195 ls5558 wtro3159 wtr1724 tro3160 tr1725">advice </span><span class="pp-class-382 pa t54190 l54196 ls16 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t54190 l54197 ls1941 wtro3159 wtr1724 tro3160 tr1725">accordance </span><span class="pp-class-382 pa t54190 l54198 ls68 wtro3159 wtr1724 tro3160 tr1725">with </span><span class="pp-class-382 pa t54190 l54199 ls658 wtro3159 wtr1724 tro3160 tr1725">published </span><span class="pp-class-382 pa t54190 l54200 ls858 wtro3159 wtr1724 tro3160 tr1725">statistics </span><span class="pp-class-382 pa t54190 l54201 ls124 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t54190 l54202 ls1309 wtro3159 wtr1724 tro3160 tr1725">experience </span><span class="pp-class-382 pa t54203 l3 ls16 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t54203 l54204 ls1298 wtro3159 wtr1724 tro3160 tr1725">each </span><span class="pp-class-382 pa t54203 l54205 ls4299 wtro3159 wtr1724 tro3160 tr1725">country. </span><span class="pp-class-382 pa t54203 l30569 ls182 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t54203 l54206 ls1759 wtro3159 wtr1724 tro3160 tr1725">following </span><span class="pp-class-382 pa t54203 l54207 ls230 wtro3159 wtr1724 tro3160 tr1725">significant </span><span class="pp-class-382 pa t54203 l54208 ls840 wtro3159 wtr1724 tro3160 tr1725">assumptions </span><span class="pp-class-382 pa t54203 l49219 ls6007 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t54203 l54209 ls68 wtro3159 wtr1724 tro3160 tr1725">been </span><span class="pp-class-382 pa t54203 l54210 ls68 wtro3159 wtr1724 tro3160 tr1725">used </span><span class="pp-class-382 pa t54203 l54211 ls3572 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t54203 l54212 ls124 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t54203 l54213 ls1140 wtro3159 wtr1724 tro3160 tr1725">actuarial </span><span class="pp-class-382 pa t54203 l54214 ls3566 wtro3159 wtr1724 tro3160 tr1725">calculations.</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54215 l3 ls842">Assumptions:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54215 l54216"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54215 l54217"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54215 l42455"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54218 l3 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54219 l54220 ls842">United </span><span class="pp-class-372 pa t54218 l54221">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54218 l54222">Others</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54219 l54223 ls85">Weighted</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54218 l54224 ls5039">average</span><span class="pp-class-374 pa t54225 l46294">1</span><span class="pp-class-389 pa t54218 l54226"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54227 l3 ls287">Discount </span><span class="pp-class-372 pa t54227 l54228 ls1150">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54227 l54229 ls1789">5.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54227 l54230 ls8853">1.5%-3.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54227 l54231 ls3105">5.1%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54232 l3">Social </span><span class="pp-class-372 pa t54232 l3283">security </span><span class="pp-class-372 pa t54232 l54233 ls1150">rate</span><span class="pp-class-374 pa t54234 l54235">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54232 l54236 ls3102">0.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54232 l54237 ls1314">0.0%-3.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54232 l54238 ls3102">0.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54239 l3 ls134">Future </span><span class="pp-class-372 pa t54239 l54240 ls1969">salary </span><span class="pp-class-372 pa t54239 l16831 ls671">increase</span><span class="pp-class-374 pa t54241 l54242">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54239 l54236 ls3102">0.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54239 l54243 ls3539">0.0%-3.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54239 l54244 ls1736">0.3%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54245 l3 ls134">Future </span><span class="pp-class-372 pa t54245 l54240">pension </span><span class="pp-class-372 pa t54245 l54246 ls671">increase</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54245 l54247 ls1237">3.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54245 l54248 ls3458">0.0%-2.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54245 l54249 ls1237">2.8%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54250 l3 ls43">Inflation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54250 l54251 ls1101">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54250 l54252 ls650">0.0%-26.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54250 l54253 ls2805">3.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54254 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54254 l54255"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54254 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54256 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54257 l54220 ls842">United </span><span class="pp-class-372 pa t54256 l54221">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54256 l54222">Others</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54257 l54223 ls85">Weighted</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54256 l54258 ls5039">average</span><span class="pp-class-389 pa t54256 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54260 l3 ls287">Discount </span><span class="pp-class-372 pa t54260 l54228 ls1150">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54260 l54261 ls1101">4.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54260 l54230 ls8853">1.5%-3.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54260 l54262 ls1077">4.4%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54263 l3">Social </span><span class="pp-class-372 pa t54263 l3283">security </span><span class="pp-class-372 pa t54263 l54233 ls1150">rate</span><span class="pp-class-374 pa t54264 l54235">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54263 l54236 ls3102">0.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54263 l54237 ls1314">0.0%-3.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54263 l54238 ls3102">0.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54265 l3 ls134">Future </span><span class="pp-class-372 pa t54265 l54240 ls1969">salary </span><span class="pp-class-372 pa t54265 l16831 ls671">increase</span><span class="pp-class-374 pa t54266 l54242">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54265 l54236 ls3102">0.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54265 l54243 ls3539">0.0%-3.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54265 l54267 ls650">0.2%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54268 l3 ls134">Future </span><span class="pp-class-372 pa t54268 l54240">pension </span><span class="pp-class-372 pa t54268 l54246 ls671">increase</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54268 l54247 ls1237">3.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54268 l54248 ls3458">0.0%-2.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54268 l54249 ls3105">2.9%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54269 l3 ls43">Inflation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54269 l54251 ls1101">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54269 l54270 ls3310">0.0%-23.9%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54269 l54271 ls3105">2.6%</span></p></td></tr></table></div></div><div id="pp-id-5223" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h54272 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30568 l3 ls806">Significant </span><span class="pp-class-382 pa t30568 l54273 ls5039">actuarial </span><span class="pp-class-382 pa t30568 l54274 ls4275">assumptions </span><span class="pp-class-382 pa t30568 l54275 ls3278">for </span><span class="pp-class-382 pa t30568 l54276 ls858">the </span><span class="pp-class-382 pa t30568 l54277 ls6360">determination </span><span class="pp-class-382 pa t30568 l54278 ls103">of </span><span class="pp-class-382 pa t30568 l54279 ls858">the </span><span class="pp-class-382 pa t30568 l54280 ls3435">retirement </span><span class="pp-class-382 pa t30568 l54281 ls1305">benefit </span><span class="pp-class-382 pa t30568 l54282 ls688">obligation </span><span class="pp-class-382 pa t30568 l54283 ls800">are </span><span class="pp-class-382 pa t30568 l54284 ls1099">the </span><span class="pp-class-382 pa t30568 l54285 ls1224">discount </span><span class="pp-class-382 pa t30575 l3 ls2588">rate, </span><span class="pp-class-382 pa t30575 l54286 ls828">expected </span><span class="pp-class-382 pa t30575 l15253 ls1083">future </span><span class="pp-class-382 pa t30575 l54287 ls7756">remuneration </span><span class="pp-class-382 pa t30575 l16219 ls2970">increases, </span><span class="pp-class-382 pa t30575 l16268 ls858">and </span><span class="pp-class-382 pa t30575 l21748 ls828">expected </span><span class="pp-class-382 pa t30575 l54288 ls7756">mortality. </span><span class="pp-class-382 pa t30575 l54289 ls858">The </span><span class="pp-class-382 pa t30575 l54290 ls1118">sensitivity </span><span class="pp-class-382 pa t30575 l54291 ls2531">analysis </span><span class="pp-class-382 pa t30575 l54292 ls2142">below </span><span class="pp-class-382 pa t30575 l48553 ls858">has </span><span class="pp-class-382 pa t30575 l54293 ls1955">been </span><span class="pp-class-382 pa t30583 l3 ls2489">determined </span><span class="pp-class-382 pa t30583 l34408 ls1759">based </span><span class="pp-class-382 pa t30583 l54294 ls1080">on </span><span class="pp-class-382 pa t30583 l54295 ls2401">reasonably </span><span class="pp-class-382 pa t30583 l53195 ls7470">likely </span><span class="pp-class-382 pa t30583 l54296 ls1237">changes </span><span class="pp-class-382 pa t30583 l54297 ls1080">in </span><span class="pp-class-382 pa t30583 l54298 ls1099">the </span><span class="pp-class-382 pa t30583 l54299 ls4275">assumptions </span><span class="pp-class-382 pa t30583 l54300 ls1073">occurring </span><span class="pp-class-382 pa t30583 l54301 ls1083">at </span><span class="pp-class-382 pa t30583 l54302 ls858">the </span><span class="pp-class-382 pa t30583 l54303 ls858">end </span><span class="pp-class-382 pa t30583 l54304 ls103">of </span><span class="pp-class-382 pa t30583 l54305 ls1099">the </span><span class="pp-class-382 pa t30583 l54306 ls2486">period.</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54307 l3">DKK </span><span class="pp-class-372 pa t54307 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54307 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54307 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54308 l3">Sensitivity </span><span class="pp-class-373 pa t54308 l54309 ls230">analysis</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54310 l3 ls207">Reported </span><span class="pp-class-372 pa t54310 l39866 ls704">obligation </span><span class="pp-class-372 pa t54310 l54311">31 </span><span class="pp-class-372 pa t54310 l54312">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54310 l54313">685</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54310 l54314 ls2835">714</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54315 l3 ls287">Discount </span><span class="pp-class-372 pa t54315 l54228 ls3474">rate </span><span class="pp-class-372 pa t54315 l54316 ls15062">-0.5% </span><span class="pp-class-372 pa t54315 l52530 ls907">point </span><span class="pp-class-372 pa t54315 l54317 ls1259">compared </span><span class="pp-class-372 pa t54315 l54318 ls166">to </span><span class="pp-class-372 pa t54315 l54319 ls96">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54315 l54320 ls2760">724</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54315 l54321 ls728">759</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54322 l3 ls287">Discount </span><span class="pp-class-372 pa t54322 l54228 ls3474">rate </span><span class="pp-class-372 pa t54322 l54316 ls15062">+0.5% </span><span class="pp-class-372 pa t54322 l16295 ls907">point </span><span class="pp-class-372 pa t54322 l36325 ls1259">compared </span><span class="pp-class-372 pa t54322 l44639 ls166">to </span><span class="pp-class-372 pa t54322 l54323 ls96">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54322 l54324">650</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54322 l54325 ls24195">674</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54326 l3 ls1969">Salary </span><span class="pp-class-372 pa t54326 l54327 ls1259">increase </span><span class="pp-class-372 pa t54326 l54328 ls15062">-0.5% </span><span class="pp-class-372 pa t54326 l54329 ls907">point </span><span class="pp-class-372 pa t54326 l28467 ls1259">compared </span><span class="pp-class-372 pa t54326 l54330 ls166">to </span><span class="pp-class-372 pa t54326 l54331 ls96">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54326 l54332">684</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54326 l54333">713</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54334 l3 ls1969">Salary </span><span class="pp-class-372 pa t54334 l54327 ls1259">increase </span><span class="pp-class-372 pa t54334 l54328 ls15062">+0.5% </span><span class="pp-class-372 pa t54334 l54335 ls907">point </span><span class="pp-class-372 pa t54334 l54336 ls1259">compared </span><span class="pp-class-372 pa t54334 l54337 ls166">to </span><span class="pp-class-372 pa t54334 l54338 ls96">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54334 l54339 ls134">687</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54334 l54340">715</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54341 l3 ls4185">Mortality </span><span class="pp-class-372 pa t54341 l17191">-1 </span><span class="pp-class-372 pa t54341 l54342 ls1326">year </span><span class="pp-class-372 pa t54341 l37979 ls1259">compared </span><span class="pp-class-372 pa t54341 l54343">with </span><span class="pp-class-372 pa t54341 l54344">used </span><span class="pp-class-372 pa t54341 l54345 ls4185">mortality </span><span class="pp-class-372 pa t54341 l33916 ls37">tables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54341 l54346">671</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54341 l48884 ls728">702</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54347 l3 ls4185">Mortality </span><span class="pp-class-372 pa t54347 l17191">+1 </span><span class="pp-class-372 pa t54347 l54348 ls1326">year </span><span class="pp-class-372 pa t54347 l52135 ls1259">compared </span><span class="pp-class-372 pa t54347 l54349">with </span><span class="pp-class-372 pa t54347 l50872">used </span><span class="pp-class-372 pa t54347 l54350 ls4185">mortality </span><span class="pp-class-372 pa t54347 l44838 ls37">tables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54347 l54351 ls278">710</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54347 l54352 ls1080">729</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t54353 l3">The </span><span class="pp-class-382 pa t54353 l16790 ls4185">mortality </span><span class="pp-class-382 pa t54353 l54354 ls37">table </span><span class="pp-class-382 pa t54353 l54355">used </span><span class="pp-class-382 pa t54353 l33774 ls43">for </span><span class="pp-class-382 pa t54353 l33775">the </span><span class="pp-class-382 pa t54353 l54356 ls124">two </span><span class="pp-class-382 pa t54353 l54357 ls2220">defined </span><span class="pp-class-382 pa t54353 l54358 ls2220">benefit </span><span class="pp-class-382 pa t54353 l54359">schemes </span><span class="pp-class-382 pa t54353 l52003">in </span><span class="pp-class-382 pa t54353 l54360">the </span><span class="pp-class-382 pa t54353 l54361 ls842">United </span><span class="pp-class-382 pa t54353 l54362">Kingdom </span><span class="pp-class-382 pa t54353 l54363">is </span><span class="pp-class-382 pa t54353 l54364 ls12">the </span><span class="pp-class-382 pa t54353 l54365 ls12">public </span><span class="pp-class-382 pa t54353 l54366 ls2554">S3PxA </span><span class="pp-class-382 pa t54367 l3 ls37">table </span><span class="pp-class-382 pa t54367 l54368">with </span><span class="pp-class-382 pa t54367 l54369">annual </span><span class="pp-class-382 pa t54367 l16344 ls658">improvement </span><span class="pp-class-382 pa t54367 l54370 ls287">of </span><span class="pp-class-382 pa t54367 l54371">1.25% </span><span class="pp-class-382 pa t54367 l23135">(2023: </span><span class="pp-class-382 pa t54367 l2227 ls2554">S3PxA </span><span class="pp-class-382 pa t54367 l54372 ls37">table </span><span class="pp-class-382 pa t54367 l54373">with </span><span class="pp-class-382 pa t54367 l45086">1.25% </span><span class="pp-class-382 pa t54367 l54374">annual </span><span class="pp-class-382 pa t54367 l54375 ls978">improvement). </span><span class="pp-class-382 pa t54367 l54376 ls728">Average </span><span class="pp-class-382 pa t54377 l3 ls241">remaining </span><span class="pp-class-382 pa t54377 l54378 ls1005">life </span><span class="pp-class-382 pa t54377 l54379 ls882">expectancy </span><span class="pp-class-382 pa t54377 l54380 ls43">for </span><span class="pp-class-382 pa t54377 l31789">a </span><span class="pp-class-382 pa t54377 l54381 ls39">65-year-old </span><span class="pp-class-382 pa t54377 l48171">is </span><span class="pp-class-382 pa t54377 l54382 ls1789">22.7 </span><span class="pp-class-382 pa t54377 l54383 ls78">years </span><span class="pp-class-382 pa t54377 l54384">(2023: </span><span class="pp-class-382 pa t54377 l54385 ls1789">22.7 </span><span class="pp-class-382 pa t54377 l54386 ls81">years). </span><span class="pp-class-382 pa t54377 l54387 ls230">Weighted </span><span class="pp-class-382 pa t54377 l54388 ls806">average </span><span class="pp-class-382 pa t54377 l54389 ls68">duration </span><span class="pp-class-382 pa t54377 l54390 ls12">on </span><span class="pp-class-382 pa t54391 l3">the </span><span class="pp-class-382 pa t54391 l16246">liabilities </span><span class="pp-class-382 pa t54391 l54392">end </span><span class="pp-class-382 pa t54391 l46687 ls287">of </span><span class="pp-class-382 pa t54391 l54393 ls16">2024 </span><span class="pp-class-382 pa t54391 l54394">is </span><span class="pp-class-382 pa t54391 l54395 ls1073">11.6 </span><span class="pp-class-382 pa t54391 l54396 ls78">years </span><span class="pp-class-382 pa t54391 l46062">(2023: </span><span class="pp-class-382 pa t54391 l54397 ls1298">12.4 </span><span class="pp-class-382 pa t54391 l54398 ls81">years). </span><span class="pp-class-382 pa t54391 l54399">The </span><span class="pp-class-382 pa t54391 l54400 ls110">Group </span><span class="pp-class-382 pa t54391 l54401 ls39">expects </span><span class="pp-class-382 pa t54391 l54402 ls166">to </span><span class="pp-class-382 pa t54391 l54403 ls180">make </span><span class="pp-class-382 pa t54391 l18723 ls12">a </span><span class="pp-class-382 pa t54391 l54404 ls2329">contribution </span><span class="pp-class-382 pa t54391 l54405 ls287">of </span><span class="pp-class-382 pa t54391 l54406">DKK </span><span class="pp-class-382 pa t54407 l3">42m </span><span class="pp-class-382 pa t54407 l54408 ls166">to </span><span class="pp-class-382 pa t54407 l54409">the </span><span class="pp-class-382 pa t54407 l54410 ls2220">defined </span><span class="pp-class-382 pa t54407 l54411 ls2220">benefit </span><span class="pp-class-382 pa t54407 l54412">plans </span><span class="pp-class-382 pa t54407 l54413">in </span><span class="pp-class-382 pa t54407 l6265 ls858">2025. </span><span class="pp-class-382 pa t54407 l35002">The </span><span class="pp-class-382 pa t54407 l54414 ls180">expected </span><span class="pp-class-382 pa t54407 l54415 ls2329">contribution </span><span class="pp-class-382 pa t54407 l54416 ls43">for </span><span class="pp-class-382 pa t54407 l54417 ls16">2024 </span><span class="pp-class-382 pa t54407 l54418 ls124">was </span><span class="pp-class-382 pa t54407 l54419">DKK </span><span class="pp-class-382 pa t54407 l54420 ls12">28m, </span><span class="pp-class-382 pa t54407 l54421 ls12">which </span><span class="pp-class-382 pa t54407 l54422 ls12">turned </span><span class="pp-class-382 pa t54423 l3">out </span><span class="pp-class-382 pa t54423 l53684 ls166">to </span><span class="pp-class-382 pa t54423 l54424">be </span><span class="pp-class-382 pa t54423 l54425">DKK </span><span class="pp-class-382 pa t54423 l54426 ls128">27m.</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54427 l3">DKK </span><span class="pp-class-372 pa t54427 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54427 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54427 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54428 l3 ls254">Maturity </span><span class="pp-class-373 pa t54428 l54429 ls882">analysis </span><span class="pp-class-373 pa t54428 l30782">of </span><span class="pp-class-373 pa t54428 l54430">the </span><span class="pp-class-373 pa t54428 l29906 ls112">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54431 l3">0-1 </span><span class="pp-class-372 pa t54431 l54432 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54431 l54433">48</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54431 l54434">41</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54435 l3 ls4652">1-5 </span><span class="pp-class-372 pa t54435 l54436 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54435 l34597 ls2835">149</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54435 l50634 ls2835">146</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54437 l3 ls225">After </span><span class="pp-class-372 pa t54437 l26660">5 </span><span class="pp-class-372 pa t54437 l50407 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54437 l54438">489</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54437 l54439">528</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54440 l3 ls2459">Total </span><span class="pp-class-373 pa t54440 l29712 ls112">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54440 l54055">685</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54440 l54056 ls842">714</span></p></td></tr></table></div></div><div id="pp-id-5113" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3">All </span><span class="pp-class-376 pa t3433 l36712 ls39">factors </span><span class="pp-class-376 pa t3433 l32792 ls85">are </span><span class="pp-class-376 pa t3433 l29718 ls1259">weighted </span><span class="pp-class-376 pa t3439 l3 ls2835">at </span><span class="pp-class-376 pa t3439 l50183">the </span><span class="pp-class-376 pa t3439 l18655 ls85">pro </span><span class="pp-class-376 pa t3439 l54441 ls3474">rata </span><span class="pp-class-376 pa t3439 l54442 ls110">share </span><span class="pp-class-376 pa t3439 l37946 ls287">of </span><span class="pp-class-376 pa t3445 l3">the </span><span class="pp-class-376 pa t3445 l16246">individual </span><span class="pp-class-376 pa t3445 l54443 ls166">actuarial </span><span class="pp-class-376 pa t4202 l3 ls3539">obligation.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3453 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3457 l3">Schemes </span><span class="pp-class-376 pa t3457 l18475">closed </span><span class="pp-class-376 pa t3457 l54444 ls43">for </span><span class="pp-class-376 pa t3457 l54445 ls124">new </span><span class="pp-class-376 pa t3463 l3">members </span><span class="pp-class-376 pa t3463 l54446">will </span><span class="pp-class-376 pa t3463 l54447 ls99">have </span><span class="pp-class-376 pa t3463 l21243">a </span><span class="pp-class-376 pa t4229 l3">social </span><span class="pp-class-376 pa t4229 l54448">security </span><span class="pp-class-376 pa t4229 l54449 ls3474">rate </span><span class="pp-class-376 pa t4229 l54450">and </span><span class="pp-class-376 pa t4234 l3 ls134">future </span><span class="pp-class-376 pa t4234 l49955 ls1969">salary </span><span class="pp-class-376 pa t4234 l54451 ls1259">increase </span><span class="pp-class-376 pa t4241 l3 ls287">of </span><span class="pp-class-376 pa t4241 l16702">0%.</span></p></div></div><div class="pp-class-10" id="pp-id-5226" xmlns="http://www.w3.org/1999/xhtml"><div class="w54453 h54454 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls185">3.2.5 </span><span class="pp-class-370 pa t21055 l43638 ls37">Pension </span><span class="pp-class-370 pa t21055 l53543">and </span><span class="pp-class-370 pa t21055 l53544 ls45">jubilee </span><span class="pp-class-370 pa t21055 l53545">liabilities </span><span class="pp-class-371 pa t21055 l27192 ls155">(continued)</span></p><div id="pp-id-5225"><div class="pp-class-363 pp-class-395" id="pp-id-5224"><div class="w54455 h54456 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls296">Contributions </span><span class="pp-class-382 pa t29793 l54457 ls1759">to </span><span class="pp-class-382 pa t29793 l53074 ls1305">defined </span><span class="pp-class-382 pa t29793 l54458 ls296">contribution </span><span class="pp-class-382 pa t29793 l54459 ls1237">pension </span><span class="pp-class-382 pa t29793 l54460 ls1759">plans </span><span class="pp-class-382 pa t29793 l50524 ls800">are </span><span class="pp-class-382 pa t29793 l54461 ls2970">recognised </span><span class="pp-class-382 pa t29793 l54462 ls1080">in </span><span class="pp-class-382 pa t29793 l54386 ls858">the </span><span class="pp-class-382 pa t29793 l54463 ls2486">income </span><span class="pp-class-382 pa t29793 l54464 ls1150">statement </span><span class="pp-class-382 pa t29793 l54465 ls1080">in </span><span class="pp-class-382 pa t29793 l54466 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2486">period </span><span class="pp-class-382 pa t29798 l44898 ls1080">in </span><span class="pp-class-382 pa t29798 l54467 ls1759">which </span><span class="pp-class-382 pa t29798 l54468 ls960">they </span><span class="pp-class-382 pa t29798 l54469 ls2851">relate, </span><span class="pp-class-382 pa t29798 l54470 ls858">and </span><span class="pp-class-382 pa t29798 l54471 ls3278">any </span><span class="pp-class-382 pa t29798 l54472 ls7694">payable </span><span class="pp-class-382 pa t29798 l54473 ls296">contributions </span><span class="pp-class-382 pa t29798 l20840 ls800">are </span><span class="pp-class-382 pa t29798 l54474 ls1772">accrued </span><span class="pp-class-382 pa t29798 l54475 ls1080">in </span><span class="pp-class-382 pa t29798 l54476 ls1099">the </span><span class="pp-class-382 pa t29798 l54477 ls1237">balance </span><span class="pp-class-382 pa t29798 l54478 ls296">sheet </span><span class="pp-class-382 pa t29798 l54479 ls278">as </span><span class="pp-class-382 pa t36806 l3 ls296">other </span><span class="pp-class-382 pa t36806 l43926 ls1316">payables. </span><span class="pp-class-382 pa t36806 l54480 ls1080">As </span><span class="pp-class-382 pa t36806 l50583 ls2671">regards </span><span class="pp-class-382 pa t36806 l21918 ls1305">defined </span><span class="pp-class-382 pa t36806 l54481 ls1305">benefit </span><span class="pp-class-382 pa t36806 l54482 ls1237">pension </span><span class="pp-class-382 pa t36806 l54483 ls2486">plans, </span><span class="pp-class-382 pa t36806 l54484 ls1080">an </span><span class="pp-class-382 pa t36806 l54485 ls5039">actuarial </span><span class="pp-class-382 pa t36806 l44126 ls828">valuation </span><span class="pp-class-382 pa t36806 l54486 ls103">of </span><span class="pp-class-382 pa t36806 l54487 ls1099">the </span><span class="pp-class-382 pa t36806 l54488 ls1083">value </span><span class="pp-class-382 pa t36806 l54489 ls1080">in </span><span class="pp-class-382 pa t36806 l54490 ls302">use </span><span class="pp-class-382 pa t29811 l3 ls103">of </span><span class="pp-class-382 pa t29811 l29517 ls1083">future </span><span class="pp-class-382 pa t29811 l45790 ls1073">benefits </span><span class="pp-class-382 pa t29811 l54491 ls7694">payable </span><span class="pp-class-382 pa t29811 l11802 ls1759">under </span><span class="pp-class-382 pa t29811 l54492 ls858">the </span><span class="pp-class-382 pa t29811 l54493 ls1323">plan </span><span class="pp-class-382 pa t29811 l54494 ls1080">is </span><span class="pp-class-382 pa t29811 l54495 ls1772">made </span><span class="pp-class-382 pa t29811 l54496 ls1323">once </span><span class="pp-class-382 pa t29811 l54497 ls302">a </span><span class="pp-class-382 pa t29811 l54498 ls648">year. </span><span class="pp-class-382 pa t29811 l54499 ls858">The </span><span class="pp-class-382 pa t29811 l54500 ls1083">value </span><span class="pp-class-382 pa t29811 l54501 ls1080">in </span><span class="pp-class-382 pa t29811 l54502 ls858">use </span><span class="pp-class-382 pa t29811 l54503 ls1080">is </span><span class="pp-class-382 pa t29811 l54504 ls803">calculated </span><span class="pp-class-382 pa t29811 l54505 ls1080">based </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4275">assumptions </span><span class="pp-class-382 pa t29824 l54506 ls103">of </span><span class="pp-class-382 pa t29824 l54507 ls1083">future </span><span class="pp-class-382 pa t29824 l54508 ls852">development </span><span class="pp-class-382 pa t29824 l54509 ls1080">in </span><span class="pp-class-382 pa t29824 l54510 ls7855">wage/salary </span><span class="pp-class-382 pa t29824 l54511 ls1243">levels, </span><span class="pp-class-382 pa t29824 l54512 ls2784">interest </span><span class="pp-class-382 pa t29824 l54513 ls1864">rates, </span><span class="pp-class-382 pa t29824 l54514 ls6360">inflation, </span><span class="pp-class-382 pa t29824 l54515 ls7756">mortality, </span><span class="pp-class-382 pa t29824 l54516 ls3278">etc. </span><span class="pp-class-382 pa t29836 l3 ls858">The </span><span class="pp-class-382 pa t29836 l16631 ls1083">value </span><span class="pp-class-382 pa t29836 l34033 ls1080">in </span><span class="pp-class-382 pa t29836 l54066 ls858">use </span><span class="pp-class-382 pa t29836 l54517 ls1080">is </span><span class="pp-class-382 pa t29836 l31123 ls650">only </span><span class="pp-class-382 pa t29836 l54518 ls803">calculated </span><span class="pp-class-382 pa t29836 l52878 ls3278">for </span><span class="pp-class-382 pa t29836 l52556 ls1073">benefits </span><span class="pp-class-382 pa t29836 l54519 ls1759">to </span><span class="pp-class-382 pa t29836 l54520 ls1759">which </span><span class="pp-class-382 pa t29836 l2758 ls858">the </span><span class="pp-class-382 pa t29836 l54521 ls6007">employees </span><span class="pp-class-382 pa t29836 l54522 ls185">have </span><span class="pp-class-382 pa t29836 l54523 ls2486">become </span><span class="pp-class-382 pa t29836 l54524 ls830">entitled </span><span class="pp-class-382 pa t29836 l54525 ls1110">during </span><span class="pp-class-382 pa t29849 l3 ls1759">their </span><span class="pp-class-382 pa t29849 l54526 ls728">employment </span><span class="pp-class-382 pa t29849 l54527 ls1323">with </span><span class="pp-class-382 pa t29849 l54075 ls858">the </span><span class="pp-class-382 pa t29849 l54528 ls2149">Group. </span><span class="pp-class-382 pa t29849 l54529 ls858">The </span><span class="pp-class-382 pa t29849 l54530 ls5039">actuarial </span><span class="pp-class-382 pa t29849 l54531 ls688">calculation </span><span class="pp-class-382 pa t29849 l54532 ls103">of </span><span class="pp-class-382 pa t29849 l54533 ls1099">the </span><span class="pp-class-382 pa t29849 l54534 ls1083">value </span><span class="pp-class-382 pa t29849 l45031 ls1080">in </span><span class="pp-class-382 pa t29849 l50806 ls1099">use </span><span class="pp-class-382 pa t29849 l54535 ls1323">less </span><span class="pp-class-382 pa t29849 l54536 ls858">the </span><span class="pp-class-382 pa t29849 l54537 ls3278">fair </span><span class="pp-class-382 pa t29849 l54538 ls1083">value </span><span class="pp-class-382 pa t29849 l54539 ls134">of </span><span class="pp-class-382 pa t29853 l3 ls3278">any </span><span class="pp-class-382 pa t29853 l48924 ls238">assets </span><span class="pp-class-382 pa t29853 l19052 ls1759">under </span><span class="pp-class-382 pa t29853 l16600 ls858">the </span><span class="pp-class-382 pa t29853 l16287 ls1323">plan </span><span class="pp-class-382 pa t29853 l54540 ls1080">is </span><span class="pp-class-382 pa t29853 l54541 ls2970">recognised </span><span class="pp-class-382 pa t29853 l54542 ls1080">in </span><span class="pp-class-382 pa t29853 l54543 ls1099">the </span><span class="pp-class-382 pa t29853 l54544 ls1237">balance </span><span class="pp-class-382 pa t29853 l54545 ls296">sheet </span><span class="pp-class-382 pa t29853 l54546 ls1759">under </span><span class="pp-class-382 pa t29853 l54547 ls1237">pension </span><span class="pp-class-382 pa t29853 l54548 ls2113">obligations. </span><span class="pp-class-382 pa t29853 l54549 ls1080">If </span><span class="pp-class-382 pa t29853 l54550 ls302">a </span><span class="pp-class-382 pa t29853 l54551 ls56">defined </span><span class="pp-class-382 pa t29866 l3 ls1305">benefit </span><span class="pp-class-382 pa t29866 l16670 ls1237">pension </span><span class="pp-class-382 pa t29866 l54552 ls1323">plan </span><span class="pp-class-382 pa t29866 l48169 ls3474">constitutes </span><span class="pp-class-382 pa t29866 l54553 ls302">a </span><span class="pp-class-382 pa t29866 l54554 ls830">net </span><span class="pp-class-382 pa t29866 l51550 ls2486">asset, </span><span class="pp-class-382 pa t29866 l54555 ls858">the </span><span class="pp-class-382 pa t29866 l54556 ls296">asset </span><span class="pp-class-382 pa t29866 l54557 ls1080">is </span><span class="pp-class-382 pa t29866 l54558 ls2970">recognised </span><span class="pp-class-382 pa t29866 l54559 ls650">only </span><span class="pp-class-382 pa t29866 l54560 ls1080">if </span><span class="pp-class-382 pa t29866 l54561 ls1080">it </span><span class="pp-class-382 pa t29866 l54562 ls4275">offsets </span><span class="pp-class-382 pa t29866 l54563 ls1083">future </span><span class="pp-class-382 pa t29866 l54564 ls3477">refunds </span><span class="pp-class-382 pa t36841 l3 ls1243">from </span><span class="pp-class-382 pa t36841 l49226 ls1099">the </span><span class="pp-class-382 pa t36841 l49914 ls1323">plan </span><span class="pp-class-382 pa t36841 l14071 ls1080">or </span><span class="pp-class-382 pa t36841 l54565 ls1323">will </span><span class="pp-class-382 pa t36841 l16225 ls1772">lead </span><span class="pp-class-382 pa t36841 l54566 ls1759">to </span><span class="pp-class-382 pa t36841 l54567 ls1150">reduced </span><span class="pp-class-382 pa t36841 l54568 ls1083">future </span><span class="pp-class-382 pa t36841 l54569 ls5069">payments </span><span class="pp-class-382 pa t36841 l37997 ls1759">to </span><span class="pp-class-382 pa t36841 l54570 ls858">the </span><span class="pp-class-382 pa t36841 l54571 ls1759">plan. </span><span class="pp-class-382 pa t36841 l54572 ls3278">Pension </span><span class="pp-class-382 pa t36841 l54573 ls1759">costs </span><span class="pp-class-382 pa t36841 l54574 ls103">of </span><span class="pp-class-382 pa t36841 l54575 ls858">the </span><span class="pp-class-382 pa t36841 l54576 ls960">year </span><span class="pp-class-382 pa t36841 l54577 ls2970">are </span><span class="pp-class-382 pa t29875 l3 ls2970">recognised </span><span class="pp-class-382 pa t29875 l44565 ls1080">in </span><span class="pp-class-382 pa t29875 l44566 ls858">the </span><span class="pp-class-382 pa t29875 l51266 ls2486">income </span><span class="pp-class-382 pa t29875 l51267 ls1150">statement </span><span class="pp-class-382 pa t29875 l36809 ls1759">based </span><span class="pp-class-382 pa t29875 l54578 ls1080">on </span><span class="pp-class-382 pa t29875 l54579 ls5039">actuarial </span><span class="pp-class-382 pa t29875 l54580 ls3105">estimates </span><span class="pp-class-382 pa t29875 l54581 ls858">and </span><span class="pp-class-382 pa t29875 l54582 ls1073">financial </span><span class="pp-class-382 pa t29875 l54583 ls2688">expectations </span><span class="pp-class-382 pa t29875 l54584 ls1083">at </span><span class="pp-class-382 pa t29875 l54585 ls302">the </span><span class="pp-class-382 pa t29878 l3 ls1073">beginning </span><span class="pp-class-382 pa t29878 l54586 ls103">of </span><span class="pp-class-382 pa t29878 l54587 ls858">the </span><span class="pp-class-382 pa t29878 l4269 ls9956">year.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29902 l3 ls858">The </span><span class="pp-class-382 pa t29902 l16631 ls1974">difference </span><span class="pp-class-382 pa t29902 l54588 ls1244">between </span><span class="pp-class-382 pa t29902 l54589 ls858">the </span><span class="pp-class-382 pa t29902 l54590 ls803">calculated </span><span class="pp-class-382 pa t29902 l54591 ls852">development </span><span class="pp-class-382 pa t29902 l54592 ls1080">in </span><span class="pp-class-382 pa t29902 l54593 ls1237">pension </span><span class="pp-class-382 pa t29902 l37562 ls238">assets </span><span class="pp-class-382 pa t29902 l54594 ls1099">and </span><span class="pp-class-382 pa t29902 l54595 ls1118">liabilities </span><span class="pp-class-382 pa t29902 l54596 ls1099">and </span><span class="pp-class-382 pa t29902 l54597 ls302">the </span><span class="pp-class-382 pa t36874 l3 ls8853">realised </span><span class="pp-class-382 pa t36874 l54598 ls1150">values </span><span class="pp-class-382 pa t36874 l54599 ls800">are </span><span class="pp-class-382 pa t36874 l4508 ls2970">recognised </span><span class="pp-class-382 pa t36874 l54600 ls1080">in </span><span class="pp-class-382 pa t36874 l54601 ls296">other </span><span class="pp-class-382 pa t36874 l54602 ls1974">comprehensive </span><span class="pp-class-382 pa t36874 l54603 ls2486">income </span><span class="pp-class-382 pa t36874 l46432 ls1080">as </span><span class="pp-class-382 pa t36874 l54604 ls5039">actuarial </span><span class="pp-class-382 pa t36874 l54605 ls1759">gains </span><span class="pp-class-382 pa t36874 l54606 ls858">and </span><span class="pp-class-382 pa t36874 l54607 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29920 l3 ls1237">Changes </span><span class="pp-class-382 pa t29920 l46658 ls1080">in </span><span class="pp-class-382 pa t29920 l54608 ls858">the </span><span class="pp-class-382 pa t29920 l53288 ls1073">benefits </span><span class="pp-class-382 pa t29920 l54609 ls7694">payable </span><span class="pp-class-382 pa t29920 l54610 ls3278">for </span><span class="pp-class-382 pa t29920 l34213 ls1148">employees’ </span><span class="pp-class-382 pa t29920 l54611 ls1323">past </span><span class="pp-class-382 pa t29920 l54612 ls3572">service </span><span class="pp-class-382 pa t29920 l54613 ls1759">to </span><span class="pp-class-382 pa t29920 l54614 ls858">the </span><span class="pp-class-382 pa t29920 l54615 ls1701">enterprise </span><span class="pp-class-382 pa t29920 l54616 ls800">result </span><span class="pp-class-382 pa t29920 l54617 ls1080">in </span><span class="pp-class-382 pa t29920 l54618 ls1080">an </span><span class="pp-class-382 pa t29920 l54619 ls7756">adjust-</span><span class="pp-class-382 pa t29933 l3 ls276">ment </span><span class="pp-class-382 pa t29933 l54620 ls103">of </span><span class="pp-class-382 pa t29933 l11712 ls858">the </span><span class="pp-class-382 pa t29933 l50067 ls5039">actuarial </span><span class="pp-class-382 pa t29933 l54621 ls688">calculation </span><span class="pp-class-382 pa t29933 l54622 ls103">of </span><span class="pp-class-382 pa t29933 l54623 ls858">the </span><span class="pp-class-382 pa t29933 l54624 ls2694">value-in-use, </span><span class="pp-class-382 pa t29933 l54625 ls1759">which </span><span class="pp-class-382 pa t29933 l54626 ls1080">is </span><span class="pp-class-382 pa t29933 l54627 ls819">classified </span><span class="pp-class-382 pa t29933 l54628 ls1080">as </span><span class="pp-class-382 pa t29933 l54629 ls1323">past </span><span class="pp-class-382 pa t29933 l54630 ls3572">service </span><span class="pp-class-382 pa t29933 l51386 ls2486">costs. </span><span class="pp-class-382 pa t29933 l54631 ls187">Past </span><span class="pp-class-382 pa t48298 l3 ls3572">service </span><span class="pp-class-382 pa t48298 l23113 ls1759">costs </span><span class="pp-class-382 pa t48298 l51435 ls800">are </span><span class="pp-class-382 pa t48298 l42508 ls2970">recognised </span><span class="pp-class-382 pa t48298 l22712 ls1080">in </span><span class="pp-class-382 pa t48298 l54632 ls858">the </span><span class="pp-class-382 pa t48298 l34790 ls2486">income </span><span class="pp-class-382 pa t48298 l54633 ls1150">statement </span><span class="pp-class-382 pa t48298 l54634 ls4279">immediately </span><span class="pp-class-382 pa t48298 l54635 ls1080">if </span><span class="pp-class-382 pa t48298 l54636 ls1099">the </span><span class="pp-class-382 pa t48298 l54637 ls6007">employees </span><span class="pp-class-382 pa t48298 l54638 ls185">have </span><span class="pp-class-382 pa t48298 l54639 ls1150">already </span><span class="pp-class-382 pa t29935 l3 ls2486">earned </span><span class="pp-class-382 pa t29935 l54640 ls1099">the </span><span class="pp-class-382 pa t29935 l54641 ls1305">right </span><span class="pp-class-382 pa t29935 l54642 ls1759">to </span><span class="pp-class-382 pa t29935 l3285 ls1099">the </span><span class="pp-class-382 pa t29935 l54643 ls2113">adjusted </span><span class="pp-class-382 pa t29935 l54644 ls866">benefit. </span><span class="pp-class-382 pa t29935 l39086 ls1305">Otherwise, </span><span class="pp-class-382 pa t29935 l54645 ls858">the </span><span class="pp-class-382 pa t29935 l54646 ls1073">benefits </span><span class="pp-class-382 pa t29935 l54647 ls1323">will </span><span class="pp-class-382 pa t29935 l54648 ls1080">be </span><span class="pp-class-382 pa t29935 l54649 ls2970">recognised </span><span class="pp-class-382 pa t29935 l54650 ls1080">in </span><span class="pp-class-382 pa t29935 l54651 ls1099">the </span><span class="pp-class-382 pa t29935 l54652 ls1110">income </span><span class="pp-class-382 pa t29946 l3 ls1150">statement </span><span class="pp-class-382 pa t29946 l4002 ls2671">over </span><span class="pp-class-382 pa t29946 l54653 ls858">the </span><span class="pp-class-382 pa t29946 l54654 ls2486">period </span><span class="pp-class-382 pa t29946 l54655 ls1080">in </span><span class="pp-class-382 pa t29946 l54656 ls1759">which </span><span class="pp-class-382 pa t29946 l54657 ls858">the </span><span class="pp-class-382 pa t29946 l54658 ls6007">employees </span><span class="pp-class-382 pa t29946 l54659 ls1323">earn </span><span class="pp-class-382 pa t29946 l54660 ls1099">the </span><span class="pp-class-382 pa t29946 l54661 ls1305">right </span><span class="pp-class-382 pa t29946 l54662 ls1759">to </span><span class="pp-class-382 pa t29946 l54663 ls1099">the </span><span class="pp-class-382 pa t29946 l54664 ls2113">adjusted </span><span class="pp-class-382 pa t29946 l25929 ls1224">benefits. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t54665 l3 ls1759">Other </span><span class="pp-class-382 pa t54665 l49184 ls1101">non-current </span><span class="pp-class-382 pa t54665 l49185 ls1316">employee </span><span class="pp-class-382 pa t54665 l54349 ls688">obligations </span><span class="pp-class-382 pa t54665 l54666 ls296">include </span><span class="pp-class-382 pa t54665 l54667 ls1237">jubilee </span><span class="pp-class-382 pa t54665 l50882 ls819">benefits, </span><span class="pp-class-382 pa t54665 l54668 ls2944">etc.</span></p></div></div></div></div></div><div id="pp-id-5262" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58034 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls4279">5.1 </span><span class="pp-class-370 pa t21055 l43638 ls54991 wtro58035 wtr1293 tro58036 tr1294">Remuneration </span><span class="pp-class-370 pa t21055 l58037 ls14556 wtro58035 wtr1293 tro58036 tr1294">to </span><span class="pp-class-370 pa t21055 l58038 ls18810 wtro58035 wtr1293 tro58036 tr1294">the </span><span class="pp-class-370 pa t21055 l58039 ls58040 wtro58035 wtr1293 tro58036 tr1294">Executive </span><span class="pp-class-370 pa t21055 l58041 ls22671 wtro58035 wtr1293 tro58036 tr1294">Board </span><span class="pp-class-370 pa t21055 l58042 ls18810 wtro58035 wtr1293 tro58036 tr1294">and </span><span class="pp-class-370 pa t21055 l58043 ls22671 wtro58035 wtr1293 tro58036 tr1294">Board </span><span class="pp-class-370 pa t21055 l58044 ls14556 wtro58035 wtr1293 tro58036 tr1294">of </span><span class="pp-class-370 pa t21055 l58045 ls39214 wtro58035 wtr1293 tro58036 tr1294">Directors</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK'000</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3 ls854">Remuneration </span><span class="pp-class-373 pa t42308 l37877">to </span><span class="pp-class-373 pa t42308 l58046">the </span><span class="pp-class-373 pa t42308 l58047 ls230">Executive </span><span class="pp-class-373 pa t42308 l58048 ls241">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l3 ls1073">Wages </span><span class="pp-class-372 pa t58049 l58050">and </span><span class="pp-class-372 pa t58049 l58051">salaries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l58052 ls2842">13,358</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l58053 ls15093">13,700</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l3">Exit </span><span class="pp-class-372 pa t54127 l48167">cost</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l58054 ls88">2,355</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l3">Bonus</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l58055 ls1298">2,465</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l58056 ls20054">8,117</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58057 l3 ls2220">Defined </span><span class="pp-class-372 pa t58057 l47083 ls2329">contribution </span><span class="pp-class-372 pa t58057 l17551">pension </span><span class="pp-class-372 pa t58057 l47084">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58057 l58058 ls88">1,336</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58057 l58059 ls864">1,370</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58060 l3 ls110">Share </span><span class="pp-class-372 pa t58060 l3267">based </span><span class="pp-class-372 pa t58060 l47093 ls138">payment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58060 l58061 ls14430">5,771</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58060 l45376 ls3241">5,950</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58062 l3">Other </span><span class="pp-class-372 pa t58062 l8525 ls16">employee </span><span class="pp-class-372 pa t58062 l14292">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58062 l39067 ls134">537</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58062 l42640">459</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58063 l3 ls2459">Total </span><span class="pp-class-373 pa t58063 l29712 ls225">remuneration </span><span class="pp-class-373 pa t58063 l58064">to </span><span class="pp-class-373 pa t58063 l1718">the </span><span class="pp-class-373 pa t58063 l58065 ls230">Executive </span><span class="pp-class-373 pa t58063 l58066 ls241">Board</span><span class="pp-class-389 pa t58063 l58067">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58063 l58068 ls1073">23,467</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58063 l58069 ls124">31,951</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58070 l3 ls2949">Total </span><span class="pp-class-372 pa t58070 l2950 ls2482">remuneration </span><span class="pp-class-372 pa t58070 l58071 ls166">to </span><span class="pp-class-372 pa t58070 l12999">the </span><span class="pp-class-372 pa t58070 l58072 ls931">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58070 l58073 ls276">4,500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58070 l58074 ls276">4,500</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58075 l3 ls2949">Total </span><span class="pp-class-372 pa t58075 l2950 ls2482">remuneration </span><span class="pp-class-372 pa t58075 l58071 ls166">to </span><span class="pp-class-372 pa t58075 l12999">the </span><span class="pp-class-372 pa t58075 l58072 ls254">Audit </span><span class="pp-class-372 pa t58075 l58076 ls913">Committee</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58075 l58077">500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58075 l58078">500</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58079 l3 ls2949">Total </span><span class="pp-class-372 pa t58079 l2950 ls2482">remuneration </span><span class="pp-class-372 pa t58079 l58071 ls166">to </span><span class="pp-class-372 pa t58079 l12999">the </span><span class="pp-class-372 pa t58079 l58072 ls704">Nomination </span><span class="pp-class-372 pa t58079 l58080 ls913">Committee</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58079 l58081">150</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58079 l58082">150</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58083 l3 ls2949">Total </span><span class="pp-class-372 pa t58083 l2950 ls2482">remuneration </span><span class="pp-class-372 pa t58083 l58071 ls166">to </span><span class="pp-class-372 pa t58083 l12999">the </span><span class="pp-class-372 pa t58083 l58072 ls278">Remuneration </span><span class="pp-class-372 pa t58083 l12857 ls913">Committee</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58084 l58081">150</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58084 l58082">150</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58085 l3 ls2459">Total </span><span class="pp-class-373 pa t58085 l29712 ls225">remuneration </span><span class="pp-class-373 pa t58085 l58064">to </span><span class="pp-class-373 pa t58085 l1718">the </span><span class="pp-class-373 pa t58085 l58065 ls112">Board </span><span class="pp-class-373 pa t58085 l58086">of </span><span class="pp-class-373 pa t58085 l58087 ls150">Directors</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58085 l58088 ls1859">5,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58085 l58089 ls1859">5,300</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58090 l3 ls2459">Total </span><span class="pp-class-373 pa t58090 l29712 ls225">remuneration </span><span class="pp-class-373 pa t58090 l58064">to </span><span class="pp-class-373 pa t58090 l1718">the </span><span class="pp-class-373 pa t58090 l58065 ls230">Executive </span><span class="pp-class-373 pa t58090 l58066 ls112">Board </span><span class="pp-class-373 pa t58090 l58091">and </span><span class="pp-class-373 pa t58090 l58092 ls112">Board </span><span class="pp-class-373 pa t58090 l58093">of </span><span class="pp-class-373 pa t58090 l58094 ls150">Directors</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58090 l58095 ls4819">28,767</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58090 l58096 ls1952">37,251</span></p></td></tr></table></div></div><div id="pp-id-5263" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45192 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30568 l3 ls858">The </span><span class="pp-class-382 pa t30568 l16631 ls728">termination </span><span class="pp-class-382 pa t30568 l58097 ls2486">period </span><span class="pp-class-382 pa t30568 l58098 ls3278">for </span><span class="pp-class-382 pa t30568 l58099 ls858">the </span><span class="pp-class-382 pa t30568 l58100 ls1463">Executive </span><span class="pp-class-382 pa t30568 l58101 ls2784">Board </span><span class="pp-class-382 pa t30568 l45096 ls1080">is </span><span class="pp-class-382 pa t30568 l58102 ls1080">12 </span><span class="pp-class-382 pa t30568 l58103 ls1118">months. </span><span class="pp-class-382 pa t30568 l58104 ls10900">Further, </span><span class="pp-class-382 pa t30568 l19261 ls858">the </span><span class="pp-class-382 pa t30568 l58105 ls1099">CEO </span><span class="pp-class-382 pa t30568 l58106 ls858">has </span><span class="pp-class-382 pa t30568 l58107 ls1772">additional </span><span class="pp-class-382 pa t30568 l54313 ls1080">12 </span><span class="pp-class-382 pa t30568 l58108 ls1099">months </span><span class="pp-class-382 pa t30575 l3 ls828">redundancy </span><span class="pp-class-382 pa t30575 l58109 ls1101">payment. </span><span class="pp-class-382 pa t30575 l58110 ls1080">In </span><span class="pp-class-382 pa t30575 l6151 ls1271">connection </span><span class="pp-class-382 pa t30575 l58111 ls1323">with </span><span class="pp-class-382 pa t30575 l58112 ls302">a </span><span class="pp-class-382 pa t30575 l58113 ls2486">change </span><span class="pp-class-382 pa t30575 l58114 ls103">of </span><span class="pp-class-382 pa t30575 l58115 ls852">control </span><span class="pp-class-382 pa t30575 l58116 ls103">of </span><span class="pp-class-382 pa t30575 l44697 ls1099">the </span><span class="pp-class-382 pa t30575 l58117 ls2149">Group, </span><span class="pp-class-382 pa t30575 l58118 ls1099">the </span><span class="pp-class-382 pa t30575 l58119 ls1237">members </span><span class="pp-class-382 pa t30575 l58120 ls103">of </span><span class="pp-class-382 pa t30575 l55417 ls1099">the </span><span class="pp-class-382 pa t30575 l58121 ls852">Executive </span><span class="pp-class-382 pa t30583 l3 ls2784">Board </span><span class="pp-class-382 pa t30583 l58122 ls858">can </span><span class="pp-class-382 pa t30583 l42469 ls302">– </span><span class="pp-class-382 pa t30583 l58123 ls2486">within </span><span class="pp-class-382 pa t30583 l58124 ls858">the </span><span class="pp-class-382 pa t30583 l58125 ls1759">first </span><span class="pp-class-382 pa t30583 l58126 ls302">3 </span><span class="pp-class-382 pa t30583 l58127 ls1073">months </span><span class="pp-class-382 pa t30583 l58128 ls103">of </span><span class="pp-class-382 pa t30583 l58129 ls858">the </span><span class="pp-class-382 pa t30583 l58130 ls9967">event </span><span class="pp-class-382 pa t30583 l58131">- </span><span class="pp-class-382 pa t30583 l58132 ls2854">terminate </span><span class="pp-class-382 pa t30583 l58133 ls1759">their </span><span class="pp-class-382 pa t30583 l58134 ls728">employment </span><span class="pp-class-382 pa t30583 l58135 ls1323">with </span><span class="pp-class-382 pa t30583 l58136 ls1099">the </span><span class="pp-class-382 pa t30583 l58137 ls1323">same </span><span class="pp-class-382 pa t30583 l58138 ls2142">effect </span><span class="pp-class-382 pa t30583 l58139 ls1080">as </span><span class="pp-class-382 pa t30583 l58140 ls1080">if </span><span class="pp-class-382 pa t30583 l58141 ls302">the </span><span class="pp-class-382 pa t30588 l3 ls2489">Company </span><span class="pp-class-382 pa t30588 l58142 ls1772">had </span><span class="pp-class-382 pa t30588 l58143 ls2142">given </span><span class="pp-class-382 pa t30588 l16798 ls238">notice </span><span class="pp-class-382 pa t30588 l58144 ls103">of </span><span class="pp-class-382 pa t30588 l56669 ls728">termination </span><span class="pp-class-382 pa t30588 l41445 ls103">of </span><span class="pp-class-382 pa t30588 l58145 ls728">employment </span><span class="pp-class-382 pa t30588 l58146 ls1759">to </span><span class="pp-class-382 pa t30588 l58147 ls858">the </span><span class="pp-class-382 pa t30588 l58148 ls1463">Executive </span><span class="pp-class-382 pa t30588 l58149 ls1083">Board. </span><span class="pp-class-382 pa t30588 l58150 ls14385">Key </span><span class="pp-class-382 pa t30588 l58151 ls53">management </span><span class="pp-class-382 pa t30588 l58152 ls1323">personnel </span><span class="pp-class-382 pa t30593 l3 ls1080">is </span><span class="pp-class-382 pa t30593 l46558 ls1305">defined </span><span class="pp-class-382 pa t30593 l39866 ls1080">as </span><span class="pp-class-382 pa t30593 l58153 ls858">the </span><span class="pp-class-382 pa t30593 l58154 ls1463">Executive </span><span class="pp-class-382 pa t30593 l58155 ls2784">Board </span><span class="pp-class-382 pa t30593 l58156 ls819">consisting </span><span class="pp-class-382 pa t30593 l58157 ls103">of </span><span class="pp-class-382 pa t30593 l58158 ls1099">CEO </span><span class="pp-class-382 pa t30593 l58159 ls41173">Torben </span><span class="pp-class-382 pa t30593 l58160 ls1237">Carlsen </span><span class="pp-class-382 pa t30593 l46073 ls1099">and </span><span class="pp-class-382 pa t30593 l58161 ls99">CFO </span><span class="pp-class-382 pa t30593 l58162 ls3024">Karen </span><span class="pp-class-382 pa t30593 l58163 ls1941">Dyrskjøt </span><span class="pp-class-382 pa t30593 l58164 ls2486">Boesen </span><span class="pp-class-382 pa t30593 l58165 ls1148">(Karina </span><span class="pp-class-382 pa t30606 l3 ls1772">Deacon </span><span class="pp-class-382 pa t30606 l43887 ls1305">until </span><span class="pp-class-382 pa t30606 l17214 ls1080">30 </span><span class="pp-class-382 pa t30606 l58166 ls1323">June </span><span class="pp-class-382 pa t30606 l58167 ls2854">2024).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30622 l3 ls3623">Remuneration </span><span class="pp-class-382 pa t30622 l58168 ls1759">to </span><span class="pp-class-382 pa t30622 l58169 ls858">the </span><span class="pp-class-382 pa t30622 l58170 ls1759">chair </span><span class="pp-class-382 pa t30622 l58171 ls103">of </span><span class="pp-class-382 pa t30622 l58172 ls858">the </span><span class="pp-class-382 pa t30622 l58173 ls728">Audit </span><span class="pp-class-382 pa t30622 l58174 ls803">Committee </span><span class="pp-class-382 pa t30622 l58175 ls1080">is </span><span class="pp-class-382 pa t30622 l58176 ls858">DKK </span><span class="pp-class-382 pa t30622 l58177 ls1323">250k </span><span class="pp-class-382 pa t30622 l58178 ls1099">per </span><span class="pp-class-382 pa t30622 l58179 ls960">year </span><span class="pp-class-382 pa t30622 l58180 ls2486">(2023: </span><span class="pp-class-382 pa t30622 l58181 ls858">DKK </span><span class="pp-class-382 pa t30622 l58182 ls1759">250k) </span><span class="pp-class-382 pa t30622 l58183 ls858">and </span><span class="pp-class-382 pa t30622 l58184 ls7756">remuneration </span><span class="pp-class-382 pa t30622 l58185 ls302">to </span><span class="pp-class-382 pa t30628 l3 ls296">other </span><span class="pp-class-382 pa t30628 l43926 ls1237">members </span><span class="pp-class-382 pa t30628 l58186 ls103">of </span><span class="pp-class-382 pa t30628 l58187 ls1099">the </span><span class="pp-class-382 pa t30628 l26305 ls728">Audit </span><span class="pp-class-382 pa t30628 l51548 ls803">Committee </span><span class="pp-class-382 pa t30628 l58188 ls1080">is </span><span class="pp-class-382 pa t30628 l58189 ls858">DKK </span><span class="pp-class-382 pa t30628 l58190 ls1323">125k </span><span class="pp-class-382 pa t30628 l58191 ls1099">per </span><span class="pp-class-382 pa t30628 l58192 ls960">year </span><span class="pp-class-382 pa t30628 l53831 ls2486">(2023: </span><span class="pp-class-382 pa t30628 l58193 ls858">DKK </span><span class="pp-class-382 pa t30628 l51500 ls1759">125k) </span><span class="pp-class-382 pa t30628 l58194 ls1772">each. </span><span class="pp-class-382 pa t30628 l58195 ls3623">Remuneration </span><span class="pp-class-382 pa t30628 l58196 ls1759">to </span><span class="pp-class-382 pa t30628 l58197 ls1772">each </span><span class="pp-class-382 pa t30628 l58198 ls134">of </span><span class="pp-class-382 pa t30634 l3 ls858">the </span><span class="pp-class-382 pa t30634 l43824 ls2784">three </span><span class="pp-class-382 pa t30634 l45921 ls1237">members </span><span class="pp-class-382 pa t30634 l58199 ls103">of </span><span class="pp-class-382 pa t30634 l58200 ls858">the </span><span class="pp-class-382 pa t30634 l35730 ls3623">Remuneration </span><span class="pp-class-382 pa t30634 l58201 ls858">and </span><span class="pp-class-382 pa t30634 l45809 ls688">Nomination </span><span class="pp-class-382 pa t30634 l3255 ls803">Committee </span><span class="pp-class-382 pa t30634 l58202 ls1080">is </span><span class="pp-class-382 pa t30634 l58203 ls1099">DKK </span><span class="pp-class-382 pa t30634 l18793 ls1772">100k </span><span class="pp-class-382 pa t30634 l58204 ls1099">per </span><span class="pp-class-382 pa t30634 l58205 ls960">year </span><span class="pp-class-382 pa t30634 l58206 ls2486">(2023: </span><span class="pp-class-382 pa t30634 l58207 ls858">DKK </span><span class="pp-class-382 pa t30634 l58208 ls1772">100k).</span></p></div></div><div class="pp-class-10" id="pp-id-5123" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls2842">Karen </span><span class="pp-class-376 pa t3433 l58256 ls980">Dyrskjøt </span><span class="pp-class-376 pa t3433 l58257">Boesen </span><span class="pp-class-376 pa t3439 l3">joined </span><span class="pp-class-376 pa t3439 l58258">the </span><span class="pp-class-376 pa t3439 l58259 ls110">Group </span><span class="pp-class-376 pa t3439 l58260">as </span><span class="pp-class-376 pa t3445 l3 ls2329">CFO </span><span class="pp-class-376 pa t3445 l58261">and </span><span class="pp-class-376 pa t3445 l19078">member </span><span class="pp-class-376 pa t3445 l10334 ls287">of </span><span class="pp-class-376 pa t4202 l3">the </span><span class="pp-class-376 pa t4202 l16246 ls897">Executive </span><span class="pp-class-376 pa t4202 l42623 ls110">Board </span><span class="pp-class-376 pa t4210 l3">on </span><span class="pp-class-376 pa t4210 l30907">1 </span><span class="pp-class-376 pa t4210 l58262 ls103">July </span><span class="pp-class-376 pa t4210 l58263 ls278">2024. </span><span class="pp-class-376 pa t4210 l58264 ls2482">Karina </span><span class="pp-class-376 pa t13694 l3 ls228">Deacon's </span><span class="pp-class-376 pa t13694 l27755 ls144">employment </span><span class="pp-class-376 pa t13701 l3">ended </span><span class="pp-class-376 pa t13701 l58265">31 </span><span class="pp-class-376 pa t13701 l33530 ls913">August </span><span class="pp-class-376 pa t13701 l58266 ls16">2024.</span></p></div></div><div id="pp-id-5265" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58267 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1736">5.3 </span><span class="pp-class-370 pa t21055 l43638 ls134">Share </span><span class="pp-class-370 pa t21055 l58268">based </span><span class="pp-class-370 pa t21055 l58269 ls1323">payment</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45774 l3 ls1323">Long-term </span><span class="pp-class-383 pa t45774 l16258 ls2854">incentives</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45789 l3 ls858">The </span><span class="pp-class-382 pa t45789 l16631 ls2694">decision </span><span class="pp-class-382 pa t45789 l58270 ls1759">to </span><span class="pp-class-382 pa t45789 l58271 ls1194">grant </span><span class="pp-class-382 pa t45789 l27534 ls1077">long-term </span><span class="pp-class-382 pa t45789 l47175 ls728">incentives </span><span class="pp-class-382 pa t45789 l58272 ls1080">is </span><span class="pp-class-382 pa t45789 l58273 ls1772">made </span><span class="pp-class-382 pa t45789 l58274 ls2784">by </span><span class="pp-class-382 pa t45789 l41771 ls1099">the </span><span class="pp-class-382 pa t45789 l58275 ls2784">Board </span><span class="pp-class-382 pa t45789 l58276 ls103">of </span><span class="pp-class-382 pa t45789 l58277 ls2944">Directors </span><span class="pp-class-382 pa t45789 l58278 ls1323">with </span><span class="pp-class-382 pa t45789 l54837 ls852">consideration </span><span class="pp-class-382 pa t45789 l58279 ls1759">to </span><span class="pp-class-382 pa t45789 l58280 ls1080">DFDS' </span><span class="pp-class-382 pa t45805 l3 ls7756">remuneration </span><span class="pp-class-382 pa t45805 l1279 ls2889">policy </span><span class="pp-class-382 pa t45805 l58281 ls185">approved </span><span class="pp-class-382 pa t45805 l58282 ls2784">by </span><span class="pp-class-382 pa t45805 l58283 ls858">the </span><span class="pp-class-382 pa t45805 l58284 ls2486">Annual </span><span class="pp-class-382 pa t45805 l58285 ls1150">General </span><span class="pp-class-382 pa t45805 l58286 ls1271">Meeting. </span><span class="pp-class-382 pa t45805 l45157 ls1323">With </span><span class="pp-class-382 pa t45805 l58287 ls2142">effect </span><span class="pp-class-382 pa t45805 l58288 ls1243">from </span><span class="pp-class-382 pa t45805 l58289 ls1323">2021 </span><span class="pp-class-382 pa t45805 l58290 ls1099">the </span><span class="pp-class-382 pa t45805 l58291 ls1077">long-term </span><span class="pp-class-382 pa t45805 l58292 ls1321">incentives </span><span class="pp-class-382 pa t45963 l3 ls3278">for </span><span class="pp-class-382 pa t45963 l48915 ls858">the </span><span class="pp-class-382 pa t45963 l58293 ls1463">Executive </span><span class="pp-class-382 pa t45963 l58294 ls2784">Board </span><span class="pp-class-382 pa t45963 l58295 ls858">and </span><span class="pp-class-382 pa t45963 l54681 ls1057">key </span><span class="pp-class-382 pa t45963 l58296 ls6007">employees </span><span class="pp-class-382 pa t45963 l58297 ls1237">consist </span><span class="pp-class-382 pa t45963 l58298 ls103">of </span><span class="pp-class-382 pa t45963 l58299 ls1150">two </span><span class="pp-class-382 pa t45963 l58300 ls806">components, </span><span class="pp-class-382 pa t45963 l58301 ls2784">Share </span><span class="pp-class-382 pa t45963 l46131 ls3474">options </span><span class="pp-class-382 pa t45963 l58302 ls858">and </span><span class="pp-class-382 pa t45963 l58303 ls2489">Restricted </span><span class="pp-class-382 pa t45963 l58304 ls728">Share </span><span class="pp-class-382 pa t45817 l3 ls1759">Units </span><span class="pp-class-382 pa t45817 l58305 ls2489">(RSUs) </span><span class="pp-class-382 pa t45817 l58306 ls2784">where </span><span class="pp-class-382 pa t45817 l58307 ls858">the </span><span class="pp-class-382 pa t45817 l46090 ls11799">award </span><span class="pp-class-382 pa t45817 l58308 ls1080">is </span><span class="pp-class-382 pa t45817 l58309 ls1759">split </span><span class="pp-class-382 pa t45817 l3306 ls1759">50/50 </span><span class="pp-class-382 pa t45817 l58310 ls1759">based </span><span class="pp-class-382 pa t45817 l58311 ls1080">on </span><span class="pp-class-382 pa t45817 l58312 ls1083">value </span><span class="pp-class-382 pa t45817 l58313 ls1080">as </span><span class="pp-class-382 pa t45817 l58314 ls1099">per </span><span class="pp-class-382 pa t45817 l58315 ls1194">grant </span><span class="pp-class-382 pa t45817 l54628 ls2688">date. </span><span class="pp-class-382 pa t45817 l58106 ls1080">In </span><span class="pp-class-382 pa t45817 l58316 ls1323">2023 </span><span class="pp-class-382 pa t45817 l58317 ls302">a </span><span class="pp-class-382 pa t45817 l58318 ls1110">further </span><span class="pp-class-382 pa t45817 l58319 ls2784">group </span><span class="pp-class-382 pa t45817 l58320 ls103">of </span><span class="pp-class-382 pa t45817 l58321 ls3458">key </span><span class="pp-class-382 pa t45975 l3 ls6007">employees </span><span class="pp-class-382 pa t45975 l41630 ls2848">were </span><span class="pp-class-382 pa t45975 l58322 ls4305">granted </span><span class="pp-class-382 pa t45975 l51579 ls1077">long-term </span><span class="pp-class-382 pa t45975 l58323 ls728">incentives </span><span class="pp-class-382 pa t45975 l58324 ls1080">in </span><span class="pp-class-382 pa t45975 l58325 ls1099">the </span><span class="pp-class-382 pa t45975 l57873 ls3278">form </span><span class="pp-class-382 pa t45975 l58326 ls103">of </span><span class="pp-class-382 pa t45975 l58327 ls1941">RSUs. </span><span class="pp-class-382 pa t45975 l58328 ls858">All </span><span class="pp-class-382 pa t45975 l45138 ls806">components </span><span class="pp-class-382 pa t45975 l58329 ls960">vest </span><span class="pp-class-382 pa t45975 l58330 ls1080">on </span><span class="pp-class-382 pa t45975 l58331 ls302">a </span><span class="pp-class-382 pa t45975 l58332 ls1316">straight-line </span><span class="pp-class-382 pa t45975 l58333 ls1080">basis </span><span class="pp-class-382 pa t45987 l3 ls2671">over </span><span class="pp-class-382 pa t45987 l58334 ls2784">three </span><span class="pp-class-382 pa t45987 l58335 ls2142">years </span><span class="pp-class-382 pa t45987 l58336 ls1243">from </span><span class="pp-class-382 pa t45987 l17658 ls858">the </span><span class="pp-class-382 pa t45987 l46560 ls852">date </span><span class="pp-class-382 pa t45987 l58337 ls103">of </span><span class="pp-class-382 pa t45987 l57505 ls2854">grant. </span><span class="pp-class-382 pa t45987 l58338 ls1237">Special </span><span class="pp-class-382 pa t45987 l58339 ls819">conditions </span><span class="pp-class-382 pa t45987 l58340 ls7094">apply </span><span class="pp-class-382 pa t45987 l58341 ls2145">regarding </span><span class="pp-class-382 pa t45987 l58342 ls1237">illness </span><span class="pp-class-382 pa t45987 l58343 ls1099">and </span><span class="pp-class-382 pa t45987 l58344 ls2889">death </span><span class="pp-class-382 pa t45987 l58345 ls1099">and </span><span class="pp-class-382 pa t45987 l58346 ls1080">if </span><span class="pp-class-382 pa t45987 l58347 ls1099">the </span><span class="pp-class-382 pa t45987 l58348 ls869">capital </span><span class="pp-class-382 pa t45999 l3 ls1083">structure </span><span class="pp-class-382 pa t45999 l58349 ls103">of </span><span class="pp-class-382 pa t45999 l57620 ls858">the </span><span class="pp-class-382 pa t45999 l58350 ls7096">Parent </span><span class="pp-class-382 pa t45999 l58351 ls2489">company </span><span class="pp-class-382 pa t45999 l58352 ls1080">is </span><span class="pp-class-382 pa t45999 l52567 ls2694">changed. </span><span class="pp-class-382 pa t45999 l58353 ls2784">Share </span><span class="pp-class-382 pa t45999 l40591 ls3474">options </span><span class="pp-class-382 pa t45999 l58354 ls858">and </span><span class="pp-class-382 pa t45999 l58355 ls187">RSUs </span><span class="pp-class-382 pa t45999 l47507 ls4305">granted </span><span class="pp-class-382 pa t45999 l58356 ls1099">can </span><span class="pp-class-382 pa t45999 l58357 ls650">only </span><span class="pp-class-382 pa t45999 l58358 ls1080">be </span><span class="pp-class-382 pa t45999 l58359 ls960">settled </span><span class="pp-class-382 pa t45999 l58360 ls1323">with </span><span class="pp-class-382 pa t45999 l58361 ls1101">shares. </span><span class="pp-class-382 pa t46012 l3 ls302">A </span><span class="pp-class-382 pa t46012 l50649 ls658">part </span><span class="pp-class-382 pa t46012 l58362 ls103">of </span><span class="pp-class-382 pa t46012 l58363 ls1099">the </span><span class="pp-class-382 pa t46012 l58364 ls2842">treasury </span><span class="pp-class-382 pa t46012 l40005 ls1083">shares </span><span class="pp-class-382 pa t46012 l34611 ls1080">is </span><span class="pp-class-382 pa t46012 l58365 ls1974">reserved </span><span class="pp-class-382 pa t46012 l58366 ls3278">for </span><span class="pp-class-382 pa t46012 l26927 ls2970">settling </span><span class="pp-class-382 pa t46012 l58367 ls1099">the </span><span class="pp-class-382 pa t46012 l58368 ls3474">outstanding </span><span class="pp-class-382 pa t46012 l58369 ls2784">share </span><span class="pp-class-382 pa t46012 l58370 ls1271">options, </span><span class="pp-class-382 pa t46012 l58371 ls187">RSUs </span><span class="pp-class-382 pa t46012 l58372 ls858">and </span><span class="pp-class-382 pa t46012 l58373 ls4275">phantom </span><span class="pp-class-382 pa t46012 l58374 ls1083">shares.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t46033 l3 ls2842">Share </span><span class="pp-class-383 pa t46033 l9665 ls1073">options</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55080 l3 ls2784">Share </span><span class="pp-class-382 pa t55080 l58375 ls3474">options </span><span class="pp-class-382 pa t55080 l58376 ls185">have </span><span class="pp-class-382 pa t55080 l55061 ls1323">been </span><span class="pp-class-382 pa t55080 l58377 ls4305">granted </span><span class="pp-class-382 pa t55080 l58378 ls1759">to </span><span class="pp-class-382 pa t55080 l30586 ls858">the </span><span class="pp-class-382 pa t55080 l58379 ls1463">Executive </span><span class="pp-class-382 pa t55080 l58380 ls2784">Board </span><span class="pp-class-382 pa t55080 l58381 ls1099">and </span><span class="pp-class-382 pa t55080 l58382 ls1057">key </span><span class="pp-class-382 pa t55080 l58383 ls852">employees. </span><span class="pp-class-382 pa t55080 l58384 ls8853">Each </span><span class="pp-class-382 pa t55080 l58385 ls2784">share </span><span class="pp-class-382 pa t55080 l58386 ls238">option </span><span class="pp-class-382 pa t55080 l58387 ls2142">gives </span><span class="pp-class-382 pa t55080 l58388 ls302">the </span><span class="pp-class-382 pa t46035 l3 ls2486">holder </span><span class="pp-class-382 pa t46035 l58389 ls103">of </span><span class="pp-class-382 pa t46035 l58390 ls1099">the </span><span class="pp-class-382 pa t46035 l58270 ls238">option </span><span class="pp-class-382 pa t46035 l58391 ls858">the </span><span class="pp-class-382 pa t46035 l58392 ls1305">right </span><span class="pp-class-382 pa t46035 l58393 ls1759">to </span><span class="pp-class-382 pa t46035 l58394 ls1243">acquire </span><span class="pp-class-382 pa t46035 l58395 ls858">one </span><span class="pp-class-382 pa t46035 l58396 ls8853">existing </span><span class="pp-class-382 pa t46035 l58397 ls2784">share </span><span class="pp-class-382 pa t46035 l58398 ls1080">in </span><span class="pp-class-382 pa t46035 l58399 ls858">the </span><span class="pp-class-382 pa t46035 l58400 ls7096">Parent </span><span class="pp-class-382 pa t46035 l58401 ls2489">company </span><span class="pp-class-382 pa t46035 l58402 ls103">of </span><span class="pp-class-382 pa t46035 l58403 ls1237">nominal </span><span class="pp-class-382 pa t46035 l58404 ls1099">DKK </span><span class="pp-class-382 pa t46035 l58405 ls3003">20. </span><span class="pp-class-382 pa t46035 l58406 ls1099">The </span><span class="pp-class-382 pa t46035 l58407 ls728">share </span><span class="pp-class-382 pa t46049 l3 ls238">option </span><span class="pp-class-382 pa t46049 l58408 ls1237">schemes </span><span class="pp-class-382 pa t46049 l58409 ls1759">equal </span><span class="pp-class-382 pa t46049 l58410 ls302">a </span><span class="pp-class-382 pa t46049 l30291 ls1305">right </span><span class="pp-class-382 pa t46049 l58411 ls1759">to </span><span class="pp-class-382 pa t46049 l58412 ls1243">acquire </span><span class="pp-class-382 pa t46049 l58413 ls7694">2.3% </span><span class="pp-class-382 pa t46049 l58414 ls103">of </span><span class="pp-class-382 pa t46049 l58415 ls1099">the </span><span class="pp-class-382 pa t46049 l58416 ls2784">share </span><span class="pp-class-382 pa t46049 l58398 ls806">capital </span><span class="pp-class-382 pa t46049 l58417 ls2486">(2023: </span><span class="pp-class-382 pa t46049 l58418 ls2851">1.9%) </span><span class="pp-class-382 pa t46049 l58419 ls1080">if </span><span class="pp-class-382 pa t46049 l58420 ls858">all </span><span class="pp-class-382 pa t46049 l43643 ls960">remaining </span><span class="pp-class-382 pa t46049 l58421 ls2784">share </span><span class="pp-class-382 pa t46049 l58422 ls187">options </span><span class="pp-class-382 pa t46059 l3 ls800">are </span><span class="pp-class-382 pa t46059 l43707 ls2848">exercised.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46064 l3 ls2784">Share </span><span class="pp-class-382 pa t46064 l58375 ls3474">options </span><span class="pp-class-382 pa t46064 l58376 ls2848">were </span><span class="pp-class-382 pa t46064 l58423 ls4305">granted </span><span class="pp-class-382 pa t46064 l35988 ls1080">in </span><span class="pp-class-382 pa t46064 l58424 ls1073">2016-2020 </span><span class="pp-class-382 pa t46064 l58425 ls1083">at </span><span class="pp-class-382 pa t46064 l58426 ls1080">an </span><span class="pp-class-382 pa t46064 l58427 ls19370">exercise </span><span class="pp-class-382 pa t46064 l58428 ls1759">price </span><span class="pp-class-382 pa t46064 l58429 ls1759">equal </span><span class="pp-class-382 pa t46064 l58430 ls1759">to </span><span class="pp-class-382 pa t46064 l58431 ls858">the </span><span class="pp-class-382 pa t46064 l58432 ls2796">average </span><span class="pp-class-382 pa t46064 l58433 ls2784">share </span><span class="pp-class-382 pa t46064 l58434 ls1759">price </span><span class="pp-class-382 pa t46064 l58435 ls103">of </span><span class="pp-class-382 pa t46064 l58436 ls858">the </span><span class="pp-class-382 pa t46064 l58437 ls4305">Parent </span><span class="pp-class-382 pa t46077 l3 ls2944">company’s </span><span class="pp-class-382 pa t46077 l58438 ls1083">shares </span><span class="pp-class-382 pa t46077 l58439 ls1080">20 </span><span class="pp-class-382 pa t46077 l24070 ls3377">days </span><span class="pp-class-382 pa t46077 l58440 ls800">before </span><span class="pp-class-382 pa t46077 l58441 ls858">the </span><span class="pp-class-382 pa t46077 l7879 ls1194">grant </span><span class="pp-class-382 pa t46077 l58442 ls1323">with </span><span class="pp-class-382 pa t46077 l58443 ls1080">an </span><span class="pp-class-382 pa t46077 l58444 ls1772">addition </span><span class="pp-class-382 pa t46077 l53742 ls103">of </span><span class="pp-class-382 pa t46077 l19220 ls1772">10%. </span><span class="pp-class-382 pa t46077 l58445 ls2784">Share </span><span class="pp-class-382 pa t46077 l58446 ls3474">options </span><span class="pp-class-382 pa t46077 l58447 ls800">are </span><span class="pp-class-382 pa t46077 l58448 ls4305">granted </span><span class="pp-class-382 pa t46077 l58449 ls1080">in </span><span class="pp-class-382 pa t46077 l58450 ls1323">2021 </span><span class="pp-class-382 pa t46077 l58451 ls302">and </span><span class="pp-class-382 pa t55141 l3 ls1150">later </span><span class="pp-class-382 pa t55141 l53313 ls1083">at </span><span class="pp-class-382 pa t55141 l58452 ls1080">an </span><span class="pp-class-382 pa t55141 l58453 ls19370">exercise </span><span class="pp-class-382 pa t55141 l58454 ls1759">price </span><span class="pp-class-382 pa t55141 l58455 ls1759">equal </span><span class="pp-class-382 pa t55141 l58456 ls1759">to </span><span class="pp-class-382 pa t55141 l58457 ls1099">the </span><span class="pp-class-382 pa t55141 l15759 ls2796">average </span><span class="pp-class-382 pa t55141 l58458 ls2784">share </span><span class="pp-class-382 pa t55141 l58459 ls1759">price </span><span class="pp-class-382 pa t55141 l58460 ls103">of </span><span class="pp-class-382 pa t55141 l58461 ls858">the </span><span class="pp-class-382 pa t55141 l58462 ls7096">Parent </span><span class="pp-class-382 pa t55141 l58463 ls2944">company’s </span><span class="pp-class-382 pa t55141 l58464 ls1083">shares </span><span class="pp-class-382 pa t55141 l58465 ls960">five </span><span class="pp-class-382 pa t55141 l58466 ls3377">days </span><span class="pp-class-382 pa t55141 l58467 ls2842">after </span><span class="pp-class-382 pa t55141 l58468 ls302">the </span><span class="pp-class-382 pa t46088 l3 ls1150">release </span><span class="pp-class-382 pa t46088 l4290 ls103">of </span><span class="pp-class-382 pa t46088 l47284 ls858">the </span><span class="pp-class-382 pa t46088 l58469 ls1080">Q4 </span><span class="pp-class-382 pa t46088 l58470 ls2842">report </span><span class="pp-class-382 pa t46088 l58471 ls1323">with </span><span class="pp-class-382 pa t46088 l54349 ls1080">an </span><span class="pp-class-382 pa t46088 l58472 ls1772">addition </span><span class="pp-class-382 pa t46088 l58473 ls103">of </span><span class="pp-class-382 pa t46088 l58474 ls1772">10%.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55164 l3 ls858">The </span><span class="pp-class-382 pa t55164 l16631 ls2784">share </span><span class="pp-class-382 pa t55164 l16157 ls3474">options </span><span class="pp-class-382 pa t55164 l58475 ls858">can </span><span class="pp-class-382 pa t55164 l42945 ls1080">be </span><span class="pp-class-382 pa t55164 l30903 ls2848">exercised </span><span class="pp-class-382 pa t55164 l58476 ls1323">when </span><span class="pp-class-382 pa t55164 l58477 ls302">a </span><span class="pp-class-382 pa t55164 l58478 ls1237">minimum </span><span class="pp-class-382 pa t55164 l58479 ls103">of </span><span class="pp-class-382 pa t55164 l58480 ls2784">three </span><span class="pp-class-382 pa t55164 l58481 ls2142">years </span><span class="pp-class-382 pa t55164 l58482 ls858">and </span><span class="pp-class-382 pa t55164 l58483 ls302">a </span><span class="pp-class-382 pa t55164 l58484 ls1237">maximum </span><span class="pp-class-382 pa t55164 l58485 ls103">of </span><span class="pp-class-382 pa t55164 l58486 ls960">five </span><span class="pp-class-382 pa t55164 l58487 ls2142">years </span><span class="pp-class-382 pa t55164 l58488 ls185">have </span><span class="pp-class-382 pa t55164 l58489 ls858">elapsed </span><span class="pp-class-382 pa t46106 l3 ls1759">since </span><span class="pp-class-382 pa t46106 l58490 ls858">the </span><span class="pp-class-382 pa t46106 l58491 ls1194">grant </span><span class="pp-class-382 pa t46106 l34283 ls1150">dates.</span></p></div></div><div id="pp-id-5266" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58492 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58494 ls230">Executive </span><span class="pp-class-373 pa t58495 l58496 ls241">Board</span><span class="pp-class-373 pa t58497 l58498">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58499 ls2143">Key </span><span class="pp-class-373 pa t58495 l58500 ls1955">employees</span><span class="pp-class-373 pa t58497 l58501">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l58502 ls1868 wtro3159 wtr1293 tro3160 tr1294">Resigned</span><span class="pp-class-373 pa t47616 l58503 ls3554 wtro3159 wtr1293 tro3160 tr1294">Executive</span><span class="pp-class-373 pa t47614 l58504 ls7855 wtro3159 wtr1293 tro3160 tr1294">Board </span><span class="pp-class-373 pa t47614 l58505 ls58506 wtro3159 wtr1293 tro3160 tr1294">mem-</span><span class="pp-class-373 pa t58493 l58507 ls3105 wtro3159 wtr1293 tro3160 tr1294">bers </span><span class="pp-class-373 pa t58493 l58508 ls103 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-373 pa t58495 l58509 ls3310 wtro3159 wtr1293 tro3160 tr1294">employees</span><span class="pp-class-373 pa t58497 l58510 ls2854 wtro3159 wtr1293 tro3160 tr1294">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58497 l58511 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l58512 ls960">Average </span><span class="pp-class-373 pa t47614 l58513 ls2489">exercise</span><span class="pp-class-373 pa t58493 l58514">price </span><span class="pp-class-373 pa t58493 l58515">per </span><span class="pp-class-373 pa t58495 l58516 ls907">option </span><span class="pp-class-373 pa t58497 l58517">DKK</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58518 l42484 ls2835">at </span><span class="pp-class-372 pa t58518 l58519">1 </span><span class="pp-class-372 pa t58518 l18633 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58520 ls30469">417,534</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58521 ls1099">552,807</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58522 ls302">153,263</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58518 l58523 ls1112">1,123,604</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58524 ls650">315.93</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58525 l18276 ls997">between </span><span class="pp-class-372 pa t58525 l58526 ls1005">categories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58527 ls1772">-128,040</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58528 ls2688">-20,442</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58529 ls1083">148,482</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58525 l58530">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58531 ls650">306.61</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l3 ls180">Granted </span><span class="pp-class-372 pa t58532 l58533">during </span><span class="pp-class-372 pa t58532 l58534">the </span><span class="pp-class-372 pa t58532 l58535 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l41789 ls2970">113,932</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58536 ls11558">292,783</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58537">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58532 l58538 ls195">406,715</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58539 ls2760">238.00</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l3 ls671">Expired </span><span class="pp-class-372 pa t58540 l58541">during </span><span class="pp-class-372 pa t58540 l58542">the </span><span class="pp-class-372 pa t58540 l58543 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l16521 ls2970">-63,650</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58544 ls650">-69,669</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58545 ls2149">-69,898</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58540 l58546 ls7694">-203,217</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58547 ls10699">330.72</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58548 l47134">during </span><span class="pp-class-372 pa t58548 l58549">the </span><span class="pp-class-372 pa t58548 l58550 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l56121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l36727">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l58551 ls302">-12,860</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58548 l58552 ls278">-12,860</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l58553">261.25</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l3">Outstanding </span><span class="pp-class-373 pa t58554 l58555 ls1323">at </span><span class="pp-class-373 pa t58554 l58556">31 </span><span class="pp-class-373 pa t58554 l58557">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58558 ls3387">339,776</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58559 ls14357">775,479</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58560 ls238">218,987</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58561 ls180">1,314,242</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58562 ls15062">290.07</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l3 ls3230">Of </span><span class="pp-class-372 pa t58563 l58564 ls2805">this </span><span class="pp-class-372 pa t58563 l58565 ls44116">exercisable </span><span class="pp-class-372 pa t58563 l58566 ls2766">at </span><span class="pp-class-372 pa t58563 l58567 ls8012">the </span><span class="pp-class-372 pa t58563 l58568 ls8012">end </span><span class="pp-class-372 pa t58563 l58569 ls3382">of </span><span class="pp-class-372 pa t58563 l58570 ls8012">the </span><span class="pp-class-372 pa t58563 l58571 ls10676">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58572 ls11799">138,715</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58573 ls2970">266,839</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58574 ls1055">167,595</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58563 l58575 ls1150">573,149</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58576 ls195">310.80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58578"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58579"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58580"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58581"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58582 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58583 l58494 ls230">Executive </span><span class="pp-class-373 pa t58584 l58496 ls241">Board</span><span class="pp-class-373 pa t58585 l58498">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58583 l58499 ls2143">Key </span><span class="pp-class-373 pa t58584 l58500 ls1955">employees</span><span class="pp-class-373 pa t58585 l58501">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58586 l58502 ls1868 wtro3159 wtr1293 tro3160 tr1294">Resigned</span><span class="pp-class-373 pa t58587 l58503 ls3554 wtro3159 wtr1293 tro3160 tr1294">Executive</span><span class="pp-class-373 pa t58588 l58504 ls7855 wtro3159 wtr1293 tro3160 tr1294">Board </span><span class="pp-class-373 pa t58588 l58505 ls58506 wtro3159 wtr1293 tro3160 tr1294">mem-</span><span class="pp-class-373 pa t58583 l58507 ls3105 wtro3159 wtr1293 tro3160 tr1294">bers </span><span class="pp-class-373 pa t58583 l58508 ls103 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-373 pa t58584 l58509 ls3310 wtro3159 wtr1293 tro3160 tr1294">employees</span><span class="pp-class-373 pa t58585 l58510 ls2854 wtro3159 wtr1293 tro3160 tr1294">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58585 l58511 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58587 l58512 ls960">Average </span><span class="pp-class-373 pa t58588 l58513 ls2489">exercise</span><span class="pp-class-373 pa t58583 l58514">price </span><span class="pp-class-373 pa t58583 l58515">per </span><span class="pp-class-373 pa t58584 l58516 ls907">option </span><span class="pp-class-373 pa t58585 l58517">DKK</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58589 l42484 ls2835">at </span><span class="pp-class-372 pa t58589 l58519">1 </span><span class="pp-class-372 pa t58589 l18633 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58590 ls16">412,341</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58591 ls3623">555,590</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58592 ls42711">187,466</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58589 l58593 ls1257">1,155,397</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58594 ls1736">331.76</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58595 l18276 ls997">between </span><span class="pp-class-372 pa t58595 l58526 ls1005">categories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l56121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l58596 ls58">-71,010</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l58597 ls1118">71,010</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58595 l58530">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l58598 ls214">332.84</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l3 ls180">Granted </span><span class="pp-class-372 pa t58599 l58533">during </span><span class="pp-class-372 pa t58599 l58534">the </span><span class="pp-class-372 pa t58599 l58535 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58600 ls656">69,707</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58601 ls2889">128,532</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58537">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58599 l58602 ls278">198,239</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58603 ls858">292.00</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l3 ls671">Expired </span><span class="pp-class-372 pa t58604 l58541">during </span><span class="pp-class-372 pa t58604 l58542">the </span><span class="pp-class-372 pa t58604 l58543 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l24821 ls2486">-49,213</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l58605 ls7729">-57,630</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l58606 ls58">-98,245</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58604 l58607 ls1073">-205,088</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l58608 ls2760">383.00</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58609 l47134">during </span><span class="pp-class-372 pa t58609 l58549">the </span><span class="pp-class-372 pa t58609 l58550 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58610 ls2842">-15,301</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58611 ls4305">-2,675</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58612 ls650">-6,968</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58609 l58613 ls2482">-24,944</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58614 ls4343">374.80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l3">Outstanding </span><span class="pp-class-373 pa t58615 l58555 ls1323">at </span><span class="pp-class-373 pa t58615 l58556">31 </span><span class="pp-class-373 pa t58615 l58557">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58616 ls15767">417,534</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58617 ls2835">552,807</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58618 ls278">153,263</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58523 ls1112">1,123,604</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58619 ls1772">315.93</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l3 ls3230">Of </span><span class="pp-class-372 pa t58620 l58564 ls2805">this </span><span class="pp-class-372 pa t58620 l58565 ls44116">exercisable </span><span class="pp-class-372 pa t58620 l58566 ls2766">at </span><span class="pp-class-372 pa t58620 l58567 ls8012">the </span><span class="pp-class-372 pa t58620 l58568 ls8012">end </span><span class="pp-class-372 pa t58620 l58569 ls3382">of </span><span class="pp-class-372 pa t58620 l58570 ls8012">the </span><span class="pp-class-372 pa t58620 l58571 ls10676">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l58621 ls1073">241,586</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l58622 ls2970">263,939</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l58623 ls3623">135,528</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58620 l58624 ls1252">641,053</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l42850 ls3435">319.30</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58625 l3 ls858">The </span><span class="pp-class-382 pa t58625 l16631 ls2784">share </span><span class="pp-class-382 pa t58625 l16157 ls3474">options </span><span class="pp-class-382 pa t58625 l58475 ls4305">granted </span><span class="pp-class-382 pa t58625 l58626 ls1080">in </span><span class="pp-class-382 pa t58625 l58627 ls1150">2024 </span><span class="pp-class-382 pa t58625 l58628 ls1772">had </span><span class="pp-class-382 pa t58625 l58629 ls302">a </span><span class="pp-class-382 pa t58625 l16520 ls3278">fair </span><span class="pp-class-382 pa t58625 l58630 ls1083">value </span><span class="pp-class-382 pa t58625 l58631 ls103">of </span><span class="pp-class-382 pa t58625 l58632 ls1099">DKK </span><span class="pp-class-382 pa t58625 l58633 ls14041">13.4m </span><span class="pp-class-382 pa t58625 l58634 ls2486">(2023: </span><span class="pp-class-382 pa t58625 l58635 ls858">DKK </span><span class="pp-class-382 pa t58625 l58636 ls864">11.0m), </span><span class="pp-class-382 pa t58625 l58637 ls1759">equal </span><span class="pp-class-382 pa t58625 l58638 ls1759">to </span><span class="pp-class-382 pa t58625 l58639 ls1080">an </span><span class="pp-class-382 pa t58625 l58640 ls2796">average </span><span class="pp-class-382 pa t58625 l58641 ls866">fair </span><span class="pp-class-382 pa t58642 l3 ls1083">value </span><span class="pp-class-382 pa t58642 l1116 ls858">per </span><span class="pp-class-382 pa t58642 l4067 ls238">option </span><span class="pp-class-382 pa t58642 l58643 ls103">of </span><span class="pp-class-382 pa t58642 l58644 ls1099">DKK </span><span class="pp-class-382 pa t58642 l58645 ls18115">33.03 </span><span class="pp-class-382 pa t58642 l58646 ls2486">(2023: </span><span class="pp-class-382 pa t58642 l40566 ls858">DKK </span><span class="pp-class-382 pa t58642 l30840 ls10809">55.59).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58647 l3 ls1080">No </span><span class="pp-class-382 pa t58647 l52939 ls2784">share </span><span class="pp-class-382 pa t58647 l54893 ls3474">options </span><span class="pp-class-382 pa t58647 l43328 ls185">have </span><span class="pp-class-382 pa t58647 l58648 ls1323">been </span><span class="pp-class-382 pa t58647 l13638 ls2848">exercised </span><span class="pp-class-382 pa t58647 l58649 ls2486">during </span><span class="pp-class-382 pa t58647 l58650 ls1150">2024 </span><span class="pp-class-382 pa t58647 l58651 ls2486">(2023: </span><span class="pp-class-382 pa t58647 l58652 ls1323">nil).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58653 l3 ls274 wtro3159 wtr1062 tro3160 tr1063">Vesting </span><span class="pp-class-382 pa t58653 l27612 ls287 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t58653 l58654 ls110 wtro3159 wtr1062 tro3160 tr1063">share </span><span class="pp-class-382 pa t58653 l58655 ls37 wtro3159 wtr1062 tro3160 tr1063">options </span><span class="pp-class-382 pa t58653 l58656 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t58653 l58657 ls1259 wtro3159 wtr1062 tro3160 tr1063">expensed </span><span class="pp-class-382 pa t58653 l58658 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t58653 l58659 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t58653 l14967 wtro3159 wtr1062 tro3160 tr1063">income </span><span class="pp-class-382 pa t58653 l58660 ls78 wtro3159 wtr1062 tro3160 tr1063">statement </span><span class="pp-class-382 pa t58653 l58661 ls43 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t58653 l58662 ls16 wtro3159 wtr1062 tro3160 tr1063">2024 </span><span class="pp-class-382 pa t58653 l58663 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t58653 l58664 wtro3159 wtr1062 tro3160 tr1063">DKK </span><span class="pp-class-382 pa t58653 l58665 ls332 wtro3159 wtr1062 tro3160 tr1063">10m </span><span class="pp-class-382 pa t58653 l58666 ls12 wtro3159 wtr1062 tro3160 tr1063">(2023: </span><span class="pp-class-382 pa t58653 l58667 ls12 wtro3159 wtr1062 tro3160 tr1063">DKK </span><span class="pp-class-382 pa t58653 l58668 ls12 wtro3159 wtr1062 tro3160 tr1063">8m). </span><span class="pp-class-382 pa t58653 l58669 ls12 wtro3159 wtr1062 tro3160 tr1063">The </span><span class="pp-class-382 pa t58670 l3 ls128 wtro3159 wtr1062 tro3160 tr1063">calculated </span><span class="pp-class-382 pa t58670 l58671 ls1005 wtro3159 wtr1062 tro3160 tr1063">fair </span><span class="pp-class-382 pa t58670 l58672 ls138 wtro3159 wtr1062 tro3160 tr1063">values </span><span class="pp-class-382 pa t58670 l58673 ls85 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t58670 l58674 wtro3159 wtr1062 tro3160 tr1063">based </span><span class="pp-class-382 pa t58670 l58675 wtro3159 wtr1062 tro3160 tr1063">on </span><span class="pp-class-382 pa t58670 l58676 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t58670 l58677 ls246 wtro3159 wtr1062 tro3160 tr1063">Black-Scholes </span><span class="pp-class-382 pa t58670 l58678 ls90 wtro3159 wtr1062 tro3160 tr1063">formula </span><span class="pp-class-382 pa t58670 l58679 ls43 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t58670 l58680 wtro3159 wtr1062 tro3160 tr1063">measuring </span><span class="pp-class-382 pa t58670 l58681 ls110 wtro3159 wtr1062 tro3160 tr1063">share </span><span class="pp-class-382 pa t58670 l58682 ls813 wtro3159 wtr1062 tro3160 tr1063">options. </span><span class="pp-class-382 pa t58670 l58683 ls12 wtro3159 wtr1062 tro3160 tr1063">The </span><span class="pp-class-382 pa t58670 l58684 ls105 wtro3159 wtr1062 tro3160 tr1063">outstanding </span><span class="pp-class-382 pa t58685 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">options </span><span class="pp-class-382 pa t58685 l58686 ls1941 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t58685 l9833 ls1941 wtro3159 wtr1724 tro3160 tr1725">31 </span><span class="pp-class-382 pa t58685 l58687 ls5069 wtro3159 wtr1724 tro3160 tr1725">December </span><span class="pp-class-382 pa t58685 l58688 ls864 wtro3159 wtr1724 tro3160 tr1725">2024 </span><span class="pp-class-382 pa t58685 l30176 ls796 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t58685 l58689 ls1941 wtro3159 wtr1724 tro3160 tr1725">an </span><span class="pp-class-382 pa t58685 l58690 ls6100 wtro3159 wtr1724 tro3160 tr1725">average </span><span class="pp-class-382 pa t58685 l58691 ls7096 wtro3159 wtr1724 tro3160 tr1725">weighted </span><span class="pp-class-382 pa t58685 l58692 ls646 wtro3159 wtr1724 tro3160 tr1725">remaining </span><span class="pp-class-382 pa t58685 l58693 ls185 wtro3159 wtr1724 tro3160 tr1725">contractual </span><span class="pp-class-382 pa t58685 l58694 ls1859 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t58685 l58695 ls1073 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t58685 l58696 ls4275 wtro3159 wtr1724 tro3160 tr1725">2.2 </span><span class="pp-class-382 pa t58685 l58697 ls7855 wtro3159 wtr1724 tro3160 tr1725">years </span><span class="pp-class-382 pa t58685 l58698 ls2889 wtro3159 wtr1724 tro3160 tr1725">(2023: </span><span class="pp-class-382 pa t58685 l58699 ls3036 wtro3159 wtr1724 tro3160 tr1725">1.9 </span><span class="pp-class-382 pa t58685 l58700 ls650 wtro3159 wtr1724 tro3160 tr1725">years).</span></p></div></div><div id="pp-id-5267" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58702 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1736">5.3 </span><span class="pp-class-370 pa t21055 l43638 ls134">Share </span><span class="pp-class-370 pa t21055 l58268">based </span><span class="pp-class-370 pa t21055 l58269 ls1323">payment</span><span class="pp-class-371 pa t21055 l58703"/><span class="pp-class-371 pa t21055 l58704 ls155">(continued)</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td colspan="8" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3 ls96">Assumptions </span><span class="pp-class-372 pa t42302 l28359">concerning </span><span class="pp-class-372 pa t42302 l17075">the </span><span class="pp-class-372 pa t42302 l58705 ls90">calculation </span><span class="pp-class-372 pa t42302 l58706 ls287">of </span><span class="pp-class-372 pa t42302 l58707 ls1005">fair </span><span class="pp-class-372 pa t42302 l58708 ls16">value </span><span class="pp-class-372 pa t42302 l58709 ls2835">at </span><span class="pp-class-372 pa t42302 l41729">time </span><span class="pp-class-372 pa t42302 l58710 ls287">of </span><span class="pp-class-372 pa t42302 l58711 ls198">grant:</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58712 l3 ls5258">Year </span><span class="pp-class-373 pa t58712 l36753">of </span><span class="pp-class-373 pa t58712 l51004 ls671">grant</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58713 l58714 ls931">Exercise </span><span class="pp-class-373 pa t58712 l58715">price</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58716 l58717 ls2835">Market </span><span class="pp-class-373 pa t58713 l58718">price </span><span class="pp-class-373 pa t58713 l58719 ls1323">at </span><span class="pp-class-373 pa t58712 l18350 ls254">grant </span><span class="pp-class-373 pa t58712 l58720 ls1955">date</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58713 l58721 ls287">Expected </span><span class="pp-class-373 pa t58712 l58722 ls658">volatility</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58716 l58723 ls1126">Risk-free </span><span class="pp-class-373 pa t58713 l58724 ls150">interest </span><span class="pp-class-373 pa t58712 l58725 ls830">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l58726 ls287">Expected </span><span class="pp-class-373 pa t58727 l58728">annual</span><span class="pp-class-373 pa t58729 l58730">dividends </span><span class="pp-class-373 pa t58716 l58731">per </span><span class="pp-class-373 pa t58716 l58732 ls112">share </span><span class="pp-class-373 pa t58713 l58733">(DKK) </span><span class="pp-class-373 pa t58713 l58734 ls1323">at </span><span class="pp-class-373 pa t58712 l58735 ls254">grant </span><span class="pp-class-373 pa t58712 l58736 ls1955">date</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58713 l58737 ls287">Expected </span><span class="pp-class-373 pa t58712 l58738">term</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58729 l58739 ls813">Fair </span><span class="pp-class-373 pa t58729 l58740 ls110">value </span><span class="pp-class-373 pa t58716 l58741">per </span><span class="pp-class-373 pa t58716 l58742 ls907">option </span><span class="pp-class-373 pa t58713 l58743 ls1323">at </span><span class="pp-class-373 pa t58713 l58744">time </span><span class="pp-class-373 pa t58713 l58745">of </span><span class="pp-class-373 pa t58712 l58746 ls128">granting</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l3 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58748">238</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58749 ls58750">217.60</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58751 ls2760">33.06%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58752 ls276">2.55%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58753 ls1736">9.33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58754">3 </span><span class="pp-class-372 pa t58747 l58755 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58756 ls2955">33.03</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58758">292</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58759 ls7858">269.40</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l52604 ls2760">38.66%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58760 ls21295">2.79%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58761 ls3102">9.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58754">3 </span><span class="pp-class-372 pa t58757 l58755 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58762 ls3216">55.59</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l3">2022</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58764">344</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l55640 ls1734">307.20 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58765 ls858">34.60%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58766 ls1772">-0.19%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58767 ls1073">12.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58768"/><span class="pp-class-372 pa t58763 l58754">3 </span><span class="pp-class-372 pa t58763 l58755 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58769 ls203">41.38 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l3">2021</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58771">301</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58772 ls1099">271.00 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58773 ls214">34.81%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l55132 ls15062">-0.55%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58774 ls796">6.33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58768"/><span class="pp-class-372 pa t58770 l58754">3 </span><span class="pp-class-372 pa t58770 l58755 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58775 ls858">42.66 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l3">2020</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58777 ls2835">314</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l5669 ls198">262.40 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58778 ls14077">27.27%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58779 ls10699">-0.72%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58761 ls3102">9.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58768"/><span class="pp-class-372 pa t58776 l58754">3 </span><span class="pp-class-372 pa t58776 l58755 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58780 ls195">19.67 </span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t58781 l3 ls858">The </span><span class="pp-class-382 pa t58781 l16631 ls828">expected </span><span class="pp-class-382 pa t58781 l58782 ls1083">volatility </span><span class="pp-class-382 pa t58781 l51619 ls3278">for </span><span class="pp-class-382 pa t58781 l58783 ls1323">2020 </span><span class="pp-class-382 pa t58781 l58784 ls1759">to </span><span class="pp-class-382 pa t58781 l58628 ls1150">2024 </span><span class="pp-class-382 pa t58781 l58785 ls1080">is </span><span class="pp-class-382 pa t58781 l58786 ls1759">based </span><span class="pp-class-382 pa t58781 l58787 ls1080">on </span><span class="pp-class-382 pa t58781 l58788 ls858">the </span><span class="pp-class-382 pa t58781 l58789 ls238">historical </span><span class="pp-class-382 pa t58781 l58790 ls1083">volatility </span><span class="pp-class-382 pa t58781 l58791 ls3278">for </span><span class="pp-class-382 pa t58781 l55996 ls858">the </span><span class="pp-class-382 pa t58781 l58792 ls1323">past </span><span class="pp-class-382 pa t58781 l58793 ls2784">three </span><span class="pp-class-382 pa t58781 l58794 ls2889">years. </span><span class="pp-class-382 pa t58781 l58795 ls858">The </span><span class="pp-class-382 pa t58781 l58796 ls9827">risk-</span><span class="pp-class-382 pa t58797 l3 ls1243">free </span><span class="pp-class-382 pa t58797 l58798 ls2784">interest </span><span class="pp-class-382 pa t58797 l58799 ls3216">rate </span><span class="pp-class-382 pa t58797 l58800 ls1080">is </span><span class="pp-class-382 pa t58797 l58801 ls1759">based </span><span class="pp-class-382 pa t58797 l33913 ls1080">on </span><span class="pp-class-382 pa t58797 l58802 ls2113">three-year </span><span class="pp-class-382 pa t58797 l58803 ls2486">Danish </span><span class="pp-class-382 pa t58797 l32073 ls6007">government </span><span class="pp-class-382 pa t58797 l49908 ls1759">bonds.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t58804 l3 ls806">Restricted </span><span class="pp-class-383 pa t58804 l51479 ls1759">Stock </span><span class="pp-class-383 pa t58804 l58805 ls1759">Units </span><span class="pp-class-383 pa t58804 l54096 ls1073">(RSUs)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t58806 l3 ls187">RSUs </span><span class="pp-class-382 pa t58806 l58807 ls185">have </span><span class="pp-class-382 pa t58806 l58808 ls1323">been </span><span class="pp-class-382 pa t58806 l2917 ls4305">granted </span><span class="pp-class-382 pa t58806 l58809 ls1759">to </span><span class="pp-class-382 pa t58806 l23014 ls858">the </span><span class="pp-class-382 pa t58806 l58810 ls1463">Executive </span><span class="pp-class-382 pa t58806 l58811 ls2784">Board </span><span class="pp-class-382 pa t58806 l58812 ls858">and </span><span class="pp-class-382 pa t58806 l58813 ls1057">key </span><span class="pp-class-382 pa t58806 l58814 ls852">employees. </span><span class="pp-class-382 pa t58806 l58815 ls8853">Each </span><span class="pp-class-382 pa t58806 l58816 ls1323">RSU </span><span class="pp-class-382 pa t58806 l58817 ls2142">gives </span><span class="pp-class-382 pa t58806 l58818 ls858">the </span><span class="pp-class-382 pa t58806 l58819 ls2486">holder </span><span class="pp-class-382 pa t58806 l58820 ls302">a </span><span class="pp-class-382 pa t58806 l58821 ls1305">right </span><span class="pp-class-382 pa t58806 l58822 ls302">to </span><span class="pp-class-382 pa t58823 l3 ls2145">receive </span><span class="pp-class-382 pa t58823 l58824 ls858">one </span><span class="pp-class-382 pa t58823 l29357 ls8853">existing </span><span class="pp-class-382 pa t58823 l58825 ls2784">share </span><span class="pp-class-382 pa t58823 l58826 ls1080">in </span><span class="pp-class-382 pa t58823 l58827 ls858">the </span><span class="pp-class-382 pa t58823 l58828 ls7096">Parent </span><span class="pp-class-382 pa t58823 l58829 ls2489">company </span><span class="pp-class-382 pa t58823 l58830 ls103">of </span><span class="pp-class-382 pa t58823 l58831 ls1237">nominal </span><span class="pp-class-382 pa t58823 l58832 ls1099">DKK </span><span class="pp-class-382 pa t58823 l58833 ls1080">20 </span><span class="pp-class-382 pa t58823 l58834 ls1323">when </span><span class="pp-class-382 pa t58823 l53156 ls1099">the </span><span class="pp-class-382 pa t58823 l58835 ls2113">three-year </span><span class="pp-class-382 pa t58823 l58836 ls728">vesting </span><span class="pp-class-382 pa t58823 l58837 ls2486">period </span><span class="pp-class-382 pa t58823 l58838 ls302">has </span><span class="pp-class-382 pa t58839 l3 ls2694">elapsed. </span><span class="pp-class-382 pa t58839 l45988 ls858">The </span><span class="pp-class-382 pa t58839 l58840 ls187">RSUs </span><span class="pp-class-382 pa t58839 l58841 ls1759">equal </span><span class="pp-class-382 pa t58839 l58842 ls302">a </span><span class="pp-class-382 pa t58839 l35362 ls1305">right </span><span class="pp-class-382 pa t58839 l54492 ls1759">to </span><span class="pp-class-382 pa t58839 l58843 ls2145">receive </span><span class="pp-class-382 pa t58839 l58844 ls2147">0.28% </span><span class="pp-class-382 pa t58839 l58845 ls2486">(2023: </span><span class="pp-class-382 pa t58839 l58846 ls2983">0.17%) </span><span class="pp-class-382 pa t58839 l58847 ls103">of </span><span class="pp-class-382 pa t58839 l58848 ls1099">the </span><span class="pp-class-382 pa t58839 l58849 ls2784">share </span><span class="pp-class-382 pa t58839 l58850 ls806">capital </span><span class="pp-class-382 pa t58839 l58851 ls1080">if </span><span class="pp-class-382 pa t58839 l58852 ls858">all </span><span class="pp-class-382 pa t58839 l58853 ls960">remaining </span><span class="pp-class-382 pa t58839 l58854 ls187">RSUs </span><span class="pp-class-382 pa t58839 l58855 ls2970">are </span><span class="pp-class-382 pa t58856 l3 ls11245">transferred. </span><span class="pp-class-382 pa t58856 l17226 ls2145">Vesting </span><span class="pp-class-382 pa t58856 l58857 ls103">of </span><span class="pp-class-382 pa t58856 l58858 ls187">RSUs </span><span class="pp-class-382 pa t58856 l46811 ls1080">is </span><span class="pp-class-382 pa t58856 l58859 ls8853">expensed </span><span class="pp-class-382 pa t58856 l58860 ls1080">in </span><span class="pp-class-382 pa t58856 l58861 ls858">the </span><span class="pp-class-382 pa t58856 l58862 ls2486">income </span><span class="pp-class-382 pa t58856 l58863 ls1150">statement </span><span class="pp-class-382 pa t58856 l58864 ls3278">for </span><span class="pp-class-382 pa t58856 l49759 ls1150">2024 </span><span class="pp-class-382 pa t58856 l58865 ls1323">with </span><span class="pp-class-382 pa t58856 l36837 ls858">DKK </span><span class="pp-class-382 pa t58856 l58866 ls858">13m </span><span class="pp-class-382 pa t58856 l58867 ls2486">(2023: </span><span class="pp-class-382 pa t58856 l58868 ls1099">DKK </span><span class="pp-class-382 pa t58856 l58869 ls1099">9m).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t58870 l3 ls858">The </span><span class="pp-class-382 pa t58870 l16631 ls2486">number </span><span class="pp-class-382 pa t58870 l42929 ls103">of </span><span class="pp-class-382 pa t58870 l58871 ls187">RSUs </span><span class="pp-class-382 pa t58870 l58872 ls4305">granted </span><span class="pp-class-382 pa t58870 l58873 ls1080">in </span><span class="pp-class-382 pa t58870 l29207 ls1323">2021 </span><span class="pp-class-382 pa t58870 l58874 ls858">and </span><span class="pp-class-382 pa t58870 l16774 ls1150">later </span><span class="pp-class-382 pa t58870 l51046 ls1080">is </span><span class="pp-class-382 pa t58870 l58875 ls1759">based </span><span class="pp-class-382 pa t58870 l58876 ls1080">on </span><span class="pp-class-382 pa t58870 l58877 ls858">the </span><span class="pp-class-382 pa t58870 l58878 ls2796">average </span><span class="pp-class-382 pa t58870 l58879 ls2784">share </span><span class="pp-class-382 pa t58870 l58880 ls1759">price </span><span class="pp-class-382 pa t58870 l58881 ls103">of </span><span class="pp-class-382 pa t58870 l58882 ls858">the </span><span class="pp-class-382 pa t58870 l58883 ls864">Parent </span><span class="pp-class-382 pa t58870 l58884 ls8853">company’s </span><span class="pp-class-382 pa t58885 l3 ls1083">shares </span><span class="pp-class-382 pa t58885 l58886 ls960">five </span><span class="pp-class-382 pa t58885 l30466 ls3377">days </span><span class="pp-class-382 pa t58885 l34035 ls2842">after </span><span class="pp-class-382 pa t58885 l58887 ls858">the </span><span class="pp-class-382 pa t58885 l58888 ls1150">release </span><span class="pp-class-382 pa t58885 l49753 ls103">of </span><span class="pp-class-382 pa t58885 l58889 ls858">the </span><span class="pp-class-382 pa t58885 l58890 ls1080">Q4 </span><span class="pp-class-382 pa t58885 l58891 ls296">report.</span></p></div></div><div id="pp-id-5268" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58892 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58893 ls230">Executive </span><span class="pp-class-373 pa t58495 l58894 ls241">Board</span><span class="pp-class-373 pa t58497 l58895">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58896 ls2143">Key </span><span class="pp-class-373 pa t58495 l58897 ls1955">employees</span><span class="pp-class-373 pa t58497 l58898">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l58899">Other </span><span class="pp-class-373 pa t58493 l58900 ls175">managerial</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58495 l58901 ls43">staff</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58497 l58902">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l58903 ls1868 wtro3159 wtr1724 tro3160 tr1725">Resigned</span><span class="pp-class-373 pa t47616 l58904 ls3554 wtro3159 wtr1724 tro3160 tr1725">Executive</span><span class="pp-class-373 pa t47614 l58905 ls7855 wtro3159 wtr1724 tro3160 tr1725">Board </span><span class="pp-class-373 pa t47614 l58906 ls2113 wtro3159 wtr1724 tro3160 tr1725">mem-</span><span class="pp-class-373 pa t58493 l58907 ls3105 wtro3159 wtr1724 tro3160 tr1725">bers </span><span class="pp-class-373 pa t58493 l58908 ls103 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-373 pa t58495 l58909 ls3310 wtro3159 wtr1724 tro3160 tr1725">employees</span><span class="pp-class-373 pa t58497 l58910 ls2854 wtro3159 wtr1724 tro3160 tr1725">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58497 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58518 l42484 ls2835">at </span><span class="pp-class-372 pa t58518 l58519">1 </span><span class="pp-class-372 pa t58518 l18633 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58911 ls2760">29,124</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58912 ls195">49,622</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58913 ls4305">20,207</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58914 ls8265">2,647</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58518 l58915 ls5558">101,600</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58525 l18276 ls997">between </span><span class="pp-class-372 pa t58525 l58526 ls1005">categories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l15936 ls858">-5,112</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58916 ls2842">-3,361</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58917 ls14434">-5,707</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58918 ls110">14,180</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58525 l47248">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l3 ls180">Granted </span><span class="pp-class-372 pa t58532 l58533">during </span><span class="pp-class-372 pa t58532 l58534">the </span><span class="pp-class-372 pa t58532 l58535 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58919 ls58920">17,364</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58921 ls858">44,622</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58922 ls2688">28,307</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58532 l58923 ls58">90,293</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l3 ls103">Vested </span><span class="pp-class-372 pa t58540 l58924">in </span><span class="pp-class-372 pa t58540 l37874">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l27056 ls2854">-8,844</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58925 ls16">-11,312</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58926">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58927 ls858">-2,009</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58540 l58928 ls175">-22,165</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58929 l47134">during </span><span class="pp-class-372 pa t58929 l58549">the </span><span class="pp-class-372 pa t58929 l58550 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58930">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58931">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58926">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58932 ls7729">-7,535</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58929 l58933 ls17717">-7,535</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l3">Outstanding </span><span class="pp-class-373 pa t58934 l58555 ls1323">at </span><span class="pp-class-373 pa t58934 l58556">31 </span><span class="pp-class-373 pa t58934 l58557">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58935 ls274">32,532</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58936 ls2147">79,571</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58937 ls1080">42,807</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58938 ls37002">7,283</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58939 ls175">162,193</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l3 ls1080">Of </span><span class="pp-class-372 pa t58940 l58941 ls1323">this </span><span class="pp-class-372 pa t58940 l16507 ls7858">exercisable </span><span class="pp-class-372 pa t58940 l58942 ls1083">at </span><span class="pp-class-372 pa t58940 l52057 ls858">the </span><span class="pp-class-372 pa t58940 l49880 ls858">end </span><span class="pp-class-372 pa t58940 l58943 ls103">of </span><span class="pp-class-372 pa t58940 l58944 ls858">the </span><span class="pp-class-372 pa t58940 l58945 ls1150">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l58930">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l58931">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l58926">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58940 l47248">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l18201"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l58947"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l50423"/></p></td></tr></table><div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58948 l46689">2023</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58949 l58893 ls230">Executive </span><span class="pp-class-373 pa t58950 l58894 ls241">Board</span><span class="pp-class-373 pa t58951 l58895">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58949 l58896 ls2143">Key </span><span class="pp-class-373 pa t58950 l58897 ls1955">employees</span><span class="pp-class-373 pa t58951 l58898">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58952 l58899">Other </span><span class="pp-class-373 pa t58949 l58900 ls175">managerial</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58950 l58901 ls43">staff</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58951 l58902">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58953 l58954 ls2842 wtro3159 wtr1293 tro3160 tr1294">Resigned</span><span class="pp-class-373 pa t58955 l58956 ls1742 wtro3159 wtr1293 tro3160 tr1294">Executive</span><span class="pp-class-373 pa t58952 l58957 ls1148 wtro3159 wtr1293 tro3160 tr1294">Board </span><span class="pp-class-373 pa t58952 l58958 ls1073 wtro3159 wtr1293 tro3160 tr1294">mem-</span><span class="pp-class-373 pa t58949 l58959 ls3474 wtro3159 wtr1293 tro3160 tr1294">bers </span><span class="pp-class-373 pa t58949 l58960 ls1955 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-373 pa t58950 l58961 ls3230 wtro3159 wtr1293 tro3160 tr1294">employees</span><span class="pp-class-373 pa t58951 l58962 ls1772 wtro3159 wtr1293 tro3160 tr1294">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58951 l37196 ls3158">Total</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58963 l42484 ls2835">at </span><span class="pp-class-372 pa t58963 l58519">1 </span><span class="pp-class-372 pa t58963 l18633 ls1969">January</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58964 ls8622">17,409</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58965 ls3477">24,626</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58926">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58966 ls4305">1,924</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58963 l58967 ls1759">43,959</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58968 l18276 ls997">between </span><span class="pp-class-372 pa t58968 l58526 ls1005">categories</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l58930">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l306 ls203">-1,364</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l58926">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l58969 ls88">1,364</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58968 l47248">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l3 ls180">Granted </span><span class="pp-class-372 pa t58970 l58533">during </span><span class="pp-class-372 pa t58970 l58534">the </span><span class="pp-class-372 pa t58970 l58535 ls124">year</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l40958 ls53">14,600</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l58971 ls650">26,920</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l58972 ls195">20,623</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l48723">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58970 l58973 ls1264">62,143</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58974 l47134">during </span><span class="pp-class-372 pa t58974 l58549">the </span><span class="pp-class-372 pa t58974 l58550 ls124">year</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58975 ls214">-2,885</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58976">-560</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58977 ls332">-416</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58978">-641</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58974 l58979 ls274">-4,502</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l3">Outstanding </span><span class="pp-class-373 pa t58980 l58555 ls1323">at </span><span class="pp-class-373 pa t58980 l58556">31 </span><span class="pp-class-373 pa t58980 l58557">December</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58981 ls296">29,124</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58982 ls646">49,622</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58983 ls5039">20,207</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58984 ls14385">2,647</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58915 ls5558">101,600</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l3 ls1080">Of </span><span class="pp-class-372 pa t58985 l58941 ls1323">this </span><span class="pp-class-372 pa t58985 l16507 ls7858">exercisable </span><span class="pp-class-372 pa t58985 l58942 ls1083">at </span><span class="pp-class-372 pa t58985 l52057 ls858">the </span><span class="pp-class-372 pa t58985 l49880 ls858">end </span><span class="pp-class-372 pa t58985 l58943 ls103">of </span><span class="pp-class-372 pa t58985 l58944 ls858">the </span><span class="pp-class-372 pa t58985 l58945 ls1150">year</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l58930">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l58931">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l58926">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l48723">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58985 l47248">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l3"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l18201"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l58947"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l48692"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l50423"/></p></div></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58987 l3 ls5258">Year </span><span class="pp-class-373 pa t58987 l36753">of </span><span class="pp-class-373 pa t58988 l3 ls671">grant</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58987 l58989 ls287">Expected </span><span class="pp-class-373 pa t58988 l58990">term</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58991 l58992 ls813">Fair </span><span class="pp-class-373 pa t58991 l58993 ls110">value </span><span class="pp-class-373 pa t58994 l21121">per </span><span class="pp-class-373 pa t58994 l58995 ls112">share </span><span class="pp-class-373 pa t58987 l58996 ls1323">at </span><span class="pp-class-373 pa t58987 l58997">time </span><span class="pp-class-373 pa t58987 l58998">of </span><span class="pp-class-373 pa t58988 l58999 ls128">granting</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59000 l3 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59000 l59001">3 </span><span class="pp-class-372 pa t59000 l59002 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59000 l59003 ls742">216.72</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59004 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59004 l59005"/><span class="pp-class-372 pa t59004 l59001">3 </span><span class="pp-class-372 pa t59004 l59002 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59004 l59006 ls1194">265.42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59007 l3">2022</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59007 l59005"/><span class="pp-class-372 pa t59007 l59001">3 </span><span class="pp-class-372 pa t59007 l59002 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59007 l59008 ls214">313.15</span></p></td></tr></table></div></div><div id="pp-id-5246" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1736">5.3 </span><span class="pp-class-370 pa t21055 l43638 ls134">Share </span><span class="pp-class-370 pa t21055 l58268">based </span><span class="pp-class-370 pa t21055 l58269 ls1323">payment</span><span class="pp-class-371 pa t21055 l58703"/><span class="pp-class-371 pa t21055 l58704 ls155">(continued)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45774 l3 ls3630">Employee </span><span class="pp-class-383 pa t45774 l36937 ls53">recognition</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45789 l3 ls1080">In </span><span class="pp-class-382 pa t45789 l43891 ls2694">December </span><span class="pp-class-382 pa t45789 l59010 ls1323">2020 </span><span class="pp-class-382 pa t45789 l59011 ls1080">up </span><span class="pp-class-382 pa t45789 l45023 ls1759">to </span><span class="pp-class-382 pa t45789 l16691 ls1080">50 </span><span class="pp-class-382 pa t45789 l59012 ls1083">shares </span><span class="pp-class-382 pa t45789 l59013 ls1243">free </span><span class="pp-class-382 pa t45789 l17340 ls103">of </span><span class="pp-class-382 pa t45789 l49740 ls1083">charge </span><span class="pp-class-382 pa t45789 l55198 ls2848">were </span><span class="pp-class-382 pa t45789 l59014 ls6791">awarded </span><span class="pp-class-382 pa t45789 l59015 ls1759">to </span><span class="pp-class-382 pa t45789 l59016 ls1772">each </span><span class="pp-class-382 pa t45789 l59017 ls2688">employee. </span><span class="pp-class-382 pa t45789 l59018 ls858">The </span><span class="pp-class-382 pa t45789 l47997 ls1083">shares </span><span class="pp-class-382 pa t45789 l59019 ls185">have </span><span class="pp-class-382 pa t45789 l59020 ls2842">vested </span><span class="pp-class-382 pa t45805 l3 ls2671">over </span><span class="pp-class-382 pa t45805 l58334 ls302">a </span><span class="pp-class-382 pa t45805 l59021 ls2113">three-year </span><span class="pp-class-382 pa t45805 l59022 ls2486">period </span><span class="pp-class-382 pa t45805 l59023 ls1243">from </span><span class="pp-class-382 pa t45805 l59024 ls3572">January </span><span class="pp-class-382 pa t45805 l59025 ls1323">2021 </span><span class="pp-class-382 pa t45805 l59026 ls1759">to </span><span class="pp-class-382 pa t45805 l44524 ls2694">December </span><span class="pp-class-382 pa t45805 l59027 ls1323">2023 </span><span class="pp-class-382 pa t45805 l59028 ls1080">on </span><span class="pp-class-382 pa t45805 l59029 ls302">a </span><span class="pp-class-382 pa t45805 l59030 ls1316">straight-line </span><span class="pp-class-382 pa t45805 l59031 ls2486">basis. </span><span class="pp-class-382 pa t45805 l59032 ls650">Only </span><span class="pp-class-382 pa t45805 l59033 ls960">employees </span><span class="pp-class-382 pa t45963 l3 ls728">working </span><span class="pp-class-382 pa t45963 l59034 ls1150">through </span><span class="pp-class-382 pa t45963 l59035 ls858">the </span><span class="pp-class-382 pa t45963 l59036 ls1323">full </span><span class="pp-class-382 pa t45963 l59037 ls728">vesting </span><span class="pp-class-382 pa t45963 l9942 ls2486">period </span><span class="pp-class-382 pa t45963 l11882 ls2848">were </span><span class="pp-class-382 pa t45963 l59038 ls830">entitled </span><span class="pp-class-382 pa t45963 l59039 ls1759">to </span><span class="pp-class-382 pa t45963 l59040 ls858">the </span><span class="pp-class-382 pa t45963 l59041 ls1101">shares. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45975 l3 ls1736">69,490 </span><span class="pp-class-382 pa t45975 l30136 ls1083">shares </span><span class="pp-class-382 pa t45975 l16255 ls185">have </span><span class="pp-class-382 pa t45975 l59042 ls1323">been </span><span class="pp-class-382 pa t45975 l59043 ls864">transferred </span><span class="pp-class-382 pa t45975 l59044 ls2486">during </span><span class="pp-class-382 pa t45975 l59045 ls1150">2024 </span><span class="pp-class-382 pa t45975 l59046 ls2486">(2023: </span><span class="pp-class-382 pa t45975 l59047 ls17722">37,067 </span><span class="pp-class-382 pa t45975 l59048 ls2944">shares). </span><span class="pp-class-382 pa t45975 l59049 ls2145">Vesting </span><span class="pp-class-382 pa t45975 l59050 ls103">of </span><span class="pp-class-382 pa t45975 l59051 ls1083">shares </span><span class="pp-class-382 pa t45975 l59052 ls3278">for </span><span class="pp-class-382 pa t45975 l59053 ls1150">2024 </span><span class="pp-class-382 pa t45975 l59054 ls1080">is </span><span class="pp-class-382 pa t45975 l59055 ls278">an </span><span class="pp-class-382 pa t45987 l3 ls1150">expense </span><span class="pp-class-382 pa t45987 l59056 ls103">of </span><span class="pp-class-382 pa t45987 l59057 ls858">DKK </span><span class="pp-class-382 pa t45987 l59058 ls1080">3m </span><span class="pp-class-382 pa t45987 l59059 ls2486">(2023: </span><span class="pp-class-382 pa t45987 l58626 ls858">DKK </span><span class="pp-class-382 pa t45987 l59060 ls1323">13m).</span></p><div id="pp-id-5269"><div class="w37192 h59061 pa t2 l3 wtro4 xx29 tro6 xx30"/></div></div></div><div class="pp-class-10" id="pp-id-5272" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx22795 tro6 xx22796"><div id="pp-id-5271"><div class="pp-class-363 pp-class-395" id="pp-id-5270"><div class="w37231 h59062 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls2784">Group </span><span class="pp-class-382 pa t29793 l4002 ls858">has </span><span class="pp-class-382 pa t29793 l44886 ls830">set </span><span class="pp-class-382 pa t29793 l3436 ls1080">up </span><span class="pp-class-382 pa t29793 l28360 ls5069">equity-settled </span><span class="pp-class-382 pa t29793 l50488 ls2784">share </span><span class="pp-class-382 pa t29793 l59063 ls238">option </span><span class="pp-class-382 pa t29793 l17613 ls1759">plans </span><span class="pp-class-382 pa t29793 l59064 ls1099">and </span><span class="pp-class-382 pa t29793 l59065 ls1941">RSUs. </span><span class="pp-class-382 pa t29793 l59066 ls1739">Treasury </span><span class="pp-class-382 pa t29793 l59067 ls1083">shares </span><span class="pp-class-382 pa t29793 l45660 ls800">are </span><span class="pp-class-382 pa t29793 l59068 ls1323">used </span><span class="pp-class-382 pa t29793 l59069 ls3278">for </span><span class="pp-class-382 pa t29793 l59070 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2784">share </span><span class="pp-class-382 pa t29798 l55341 ls238">option </span><span class="pp-class-382 pa t29798 l43245 ls1759">plans </span><span class="pp-class-382 pa t29798 l59071 ls858">and </span><span class="pp-class-382 pa t29798 l59072 ls858">the </span><span class="pp-class-382 pa t29798 l50908 ls1941">RSUs. </span><span class="pp-class-382 pa t29798 l37295 ls858">The </span><span class="pp-class-382 pa t29798 l48872 ls1083">value </span><span class="pp-class-382 pa t29798 l59073 ls103">of </span><span class="pp-class-382 pa t29798 l59074 ls1099">services </span><span class="pp-class-382 pa t29798 l59075 ls3377">received </span><span class="pp-class-382 pa t29798 l59076 ls1080">in </span><span class="pp-class-382 pa t29798 l47977 ls3435">exchange </span><span class="pp-class-382 pa t29798 l59077 ls3278">for </span><span class="pp-class-382 pa t29798 l59078 ls4305">granted </span><span class="pp-class-382 pa t29798 l59079 ls2784">share </span><span class="pp-class-382 pa t29798 l59080 ls1080">based </span><span class="pp-class-382 pa t36806 l3 ls8853">payment </span><span class="pp-class-382 pa t36806 l59081 ls1080">is </span><span class="pp-class-382 pa t36806 l59082 ls8853">measured </span><span class="pp-class-382 pa t36806 l59083 ls1083">at </span><span class="pp-class-382 pa t36806 l36808 ls858">the </span><span class="pp-class-382 pa t36806 l59084 ls3278">fair </span><span class="pp-class-382 pa t36806 l59085 ls1083">value </span><span class="pp-class-382 pa t36806 l42432 ls103">of </span><span class="pp-class-382 pa t36806 l49933 ls858">the </span><span class="pp-class-382 pa t36806 l59086 ls2784">share </span><span class="pp-class-382 pa t36806 l59087 ls1759">based </span><span class="pp-class-382 pa t36806 l59088 ls8853">payment </span><span class="pp-class-382 pa t36806 l59089 ls4305">granted.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29824 l3 ls858">The </span><span class="pp-class-382 pa t29824 l16631 ls5069">equity-settled </span><span class="pp-class-382 pa t29824 l48540 ls2784">share </span><span class="pp-class-382 pa t29824 l59090 ls3474">options </span><span class="pp-class-382 pa t29824 l3383 ls858">and </span><span class="pp-class-382 pa t29824 l43256 ls187">RSUs </span><span class="pp-class-382 pa t29824 l59091 ls800">are </span><span class="pp-class-382 pa t29824 l30894 ls8853">measured </span><span class="pp-class-382 pa t29824 l59092 ls1083">at </span><span class="pp-class-382 pa t29824 l59093 ls858">the </span><span class="pp-class-382 pa t29824 l55238 ls3278">fair </span><span class="pp-class-382 pa t29824 l55425 ls1083">value </span><span class="pp-class-382 pa t29824 l59094 ls1083">at </span><span class="pp-class-382 pa t29824 l59095 ls1194">grant </span><span class="pp-class-382 pa t29824 l59096 ls852">date </span><span class="pp-class-382 pa t29824 l59097 ls302">and </span><span class="pp-class-382 pa t29836 l3 ls2970">recognised </span><span class="pp-class-382 pa t29836 l44565 ls1080">in </span><span class="pp-class-382 pa t29836 l44566 ls858">the </span><span class="pp-class-382 pa t29836 l51266 ls2486">income </span><span class="pp-class-382 pa t29836 l51267 ls1150">statement </span><span class="pp-class-382 pa t29836 l36809 ls1759">under </span><span class="pp-class-382 pa t29836 l59098 ls5039">staff </span><span class="pp-class-382 pa t29836 l59099 ls1759">costs </span><span class="pp-class-382 pa t29836 l41771 ls2671">over </span><span class="pp-class-382 pa t29836 l59100 ls858">the </span><span class="pp-class-382 pa t29836 l54847 ls728">vesting </span><span class="pp-class-382 pa t29836 l59101 ls1237">period. </span><span class="pp-class-382 pa t29836 l55076 ls858">The </span><span class="pp-class-382 pa t29836 l59102 ls4275">counter </span><span class="pp-class-382 pa t29836 l59103 ls1237">posting </span><span class="pp-class-382 pa t29836 l59104 ls278">is </span><span class="pp-class-382 pa t29849 l3 ls2970">recognised </span><span class="pp-class-382 pa t29849 l44565 ls2143">directly </span><span class="pp-class-382 pa t29849 l59105 ls1080">in </span><span class="pp-class-382 pa t29849 l59106 ls2486">equity </span><span class="pp-class-382 pa t29849 l59107 ls1080">as </span><span class="pp-class-382 pa t29849 l59108 ls302">a </span><span class="pp-class-382 pa t29849 l59109 ls2142">shareholder </span><span class="pp-class-382 pa t29849 l59110 ls8853">transaction. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29866 l3 ls10900">At </span><span class="pp-class-382 pa t29866 l49043 ls1237">initial </span><span class="pp-class-382 pa t29866 l49044 ls2142">recognition </span><span class="pp-class-382 pa t29866 l49045 ls103">of </span><span class="pp-class-382 pa t29866 l6146 ls858">the </span><span class="pp-class-382 pa t29866 l59111 ls2784">share </span><span class="pp-class-382 pa t29866 l59112 ls1271">options, </span><span class="pp-class-382 pa t29866 l59113 ls1080">an </span><span class="pp-class-382 pa t29866 l59114 ls2142">estimate </span><span class="pp-class-382 pa t29866 l59115 ls1080">is </span><span class="pp-class-382 pa t29866 l59116 ls1772">made </span><span class="pp-class-382 pa t29866 l59117 ls2671">over </span><span class="pp-class-382 pa t29866 l59118 ls858">the </span><span class="pp-class-382 pa t29866 l59119 ls2486">number </span><span class="pp-class-382 pa t29866 l59120 ls103">of </span><span class="pp-class-382 pa t29866 l59121 ls2784">share </span><span class="pp-class-382 pa t29866 l59122 ls1080">based </span><span class="pp-class-382 pa t36841 l3 ls8853">payment </span><span class="pp-class-382 pa t36841 l59081 ls6360">that </span><span class="pp-class-382 pa t36841 l47193 ls858">the </span><span class="pp-class-382 pa t36841 l59123 ls6007">employees </span><span class="pp-class-382 pa t36841 l59124 ls1323">will </span><span class="pp-class-382 pa t36841 l59125 ls2489">vest, </span><span class="pp-class-382 pa t36841 l59126 ls3387">cf. </span><span class="pp-class-382 pa t36841 l59127 ls858">the </span><span class="pp-class-382 pa t36841 l59128 ls3572">service </span><span class="pp-class-382 pa t36841 l59129 ls819">conditions </span><span class="pp-class-382 pa t36841 l59130 ls1073">described </span><span class="pp-class-382 pa t36841 l59131 ls646">above </span><span class="pp-class-382 pa t36841 l59132 ls1080">in </span><span class="pp-class-382 pa t36841 l56099 ls1323">this </span><span class="pp-class-382 pa t36841 l59133 ls2489">note. </span><span class="pp-class-382 pa t29875 l3 ls806">Subsequent </span><span class="pp-class-382 pa t29875 l59134 ls1759">to </span><span class="pp-class-382 pa t29875 l59135 ls1237">initial </span><span class="pp-class-382 pa t29875 l27969 ls3105">recognition, </span><span class="pp-class-382 pa t29875 l5340 ls858">the </span><span class="pp-class-382 pa t29875 l59136 ls2142">estimate </span><span class="pp-class-382 pa t29875 l59137 ls103">of </span><span class="pp-class-382 pa t29875 l59138 ls2784">share </span><span class="pp-class-382 pa t29875 l59139 ls1759">based </span><span class="pp-class-382 pa t29875 l59140 ls5069">payments </span><span class="pp-class-382 pa t29875 l59141 ls1759">to </span><span class="pp-class-382 pa t29875 l53709 ls1080">be </span><span class="pp-class-382 pa t29875 l59142 ls1244">vested </span><span class="pp-class-382 pa t29875 l59143 ls1080">is </span><span class="pp-class-382 pa t29875 l59144 ls296">adjusted </span><span class="pp-class-382 pa t29878 l3 ls2145">whereby </span><span class="pp-class-382 pa t29878 l59145 ls858">the </span><span class="pp-class-382 pa t29878 l59146 ls2889">total </span><span class="pp-class-382 pa t29878 l59147 ls2142">recognition </span><span class="pp-class-382 pa t29878 l59148 ls1080">is </span><span class="pp-class-382 pa t29878 l59149 ls1759">based </span><span class="pp-class-382 pa t29878 l51896 ls1080">on </span><span class="pp-class-382 pa t29878 l59150 ls858">the </span><span class="pp-class-382 pa t29878 l59151 ls728">actual </span><span class="pp-class-382 pa t29878 l59152 ls2486">number </span><span class="pp-class-382 pa t29878 l59153 ls103">of </span><span class="pp-class-382 pa t29878 l59154 ls1244">vested </span><span class="pp-class-382 pa t29878 l59155 ls2784">share </span><span class="pp-class-382 pa t29878 l50698 ls1759">based </span><span class="pp-class-382 pa t29878 l59156 ls5069">payments.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29902 l3 ls858">The </span><span class="pp-class-382 pa t29902 l16631 ls3278">fair </span><span class="pp-class-382 pa t29902 l57387 ls1083">value </span><span class="pp-class-382 pa t29902 l57388 ls103">of </span><span class="pp-class-382 pa t29902 l57389 ls1099">the </span><span class="pp-class-382 pa t29902 l57390 ls4305">granted </span><span class="pp-class-382 pa t29902 l59157 ls2784">share </span><span class="pp-class-382 pa t29902 l59158 ls3474">options </span><span class="pp-class-382 pa t29902 l59159 ls1080">is </span><span class="pp-class-382 pa t29902 l59160 ls803">calculated </span><span class="pp-class-382 pa t29902 l59161 ls1759">using </span><span class="pp-class-382 pa t29902 l59162 ls858">the </span><span class="pp-class-382 pa t29902 l59163 ls2531">Black-Scholes </span><span class="pp-class-382 pa t29902 l59164 ls1077">option-pricing </span><span class="pp-class-382 pa t36874 l3 ls2486">model. </span><span class="pp-class-382 pa t36874 l59165 ls16997">Terms </span><span class="pp-class-382 pa t36874 l3968 ls858">and </span><span class="pp-class-382 pa t36874 l59166 ls819">conditions </span><span class="pp-class-382 pa t36874 l59167 ls3278">for </span><span class="pp-class-382 pa t36874 l9349 ls1772">each </span><span class="pp-class-382 pa t36874 l59168 ls1194">grant </span><span class="pp-class-382 pa t36874 l59169 ls800">are </span><span class="pp-class-382 pa t36874 l59170 ls2784">taken </span><span class="pp-class-382 pa t36874 l50995 ls3474">into </span><span class="pp-class-382 pa t36874 l59171 ls1859">account </span><span class="pp-class-382 pa t36874 l59172 ls1323">when </span><span class="pp-class-382 pa t36874 l59173 ls688">calculating </span><span class="pp-class-382 pa t36874 l59174 ls1099">the </span><span class="pp-class-382 pa t36874 l59175 ls3278">fair </span><span class="pp-class-382 pa t36874 l59176 ls7855">value.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29920 l3 ls858">The </span><span class="pp-class-382 pa t29920 l16631 ls2784">share </span><span class="pp-class-382 pa t29920 l16157 ls1759">based </span><span class="pp-class-382 pa t29920 l59177 ls8853">payment </span><span class="pp-class-382 pa t29920 l59178 ls7855">programmes </span><span class="pp-class-382 pa t29920 l59179 ls800">are </span><span class="pp-class-382 pa t29920 l59180 ls2970">recognised </span><span class="pp-class-382 pa t29920 l59181 ls1083">at </span><span class="pp-class-382 pa t29920 l59182 ls3278">fair </span><span class="pp-class-382 pa t29920 l59183 ls1083">value </span><span class="pp-class-382 pa t29920 l59184 ls2671">over </span><span class="pp-class-382 pa t29920 l59185 ls858">the </span><span class="pp-class-382 pa t29920 l59186 ls728">vesting </span><span class="pp-class-382 pa t29920 l59187 ls2486">period </span><span class="pp-class-382 pa t29920 l59188 ls302">and </span><span class="pp-class-382 pa t29933 l3 ls8853">expensed </span><span class="pp-class-382 pa t29933 l45275 ls1080">as </span><span class="pp-class-382 pa t29933 l16361 ls5039">staff </span><span class="pp-class-382 pa t29933 l59189 ls1110">cost. </span><span class="pp-class-382 pa t29933 l59190 ls858">The </span><span class="pp-class-382 pa t29933 l24149 ls1772">accrual </span><span class="pp-class-382 pa t29933 l59191 ls1080">is </span><span class="pp-class-382 pa t29933 l59192 ls3435">recorded </span><span class="pp-class-382 pa t29933 l59193 ls1759">under </span><span class="pp-class-382 pa t29933 l59194 ls296">other </span><span class="pp-class-382 pa t29933 l59195 ls1243">payables </span><span class="pp-class-382 pa t29933 l59196 ls1080">or </span><span class="pp-class-382 pa t29933 l59197 ls1080">on </span><span class="pp-class-382 pa t29933 l59198 ls2486">equity </span><span class="pp-class-382 pa t29933 l59199 ls1073">depending </span><span class="pp-class-382 pa t29933 l59200 ls278">on </span><span class="pp-class-382 pa t48298 l3 ls3474">whether </span><span class="pp-class-382 pa t48298 l50859 ls2970">settlement </span><span class="pp-class-382 pa t48298 l57158 ls1080">is </span><span class="pp-class-382 pa t48298 l59201 ls1323">done </span><span class="pp-class-382 pa t48298 l17313 ls1080">in </span><span class="pp-class-382 pa t48298 l59202 ls1323">cash </span><span class="pp-class-382 pa t48298 l59203 ls1080">or </span><span class="pp-class-382 pa t48298 l59204 ls1150">shares, </span><span class="pp-class-382 pa t48298 l59205 ls12399">respectively.</span></p></div></div></div></div></div> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls2769">Wages, </span><span class="pp-class-382 pa t29793 l47136 ls1073">salaries, </span><span class="pp-class-382 pa t29793 l47137 ls2486">social </span><span class="pp-class-382 pa t29793 l47138 ls2694">security </span><span class="pp-class-382 pa t29793 l47139 ls238">contributions, </span><span class="pp-class-382 pa t29793 l47140 ls1237">pension </span><span class="pp-class-382 pa t29793 l47141 ls238">contributions, </span><span class="pp-class-382 pa t29793 l47142 ls1323">paid </span><span class="pp-class-382 pa t29793 l47143 ls2486">annual </span><span class="pp-class-382 pa t29793 l47144 ls9967">leave </span><span class="pp-class-382 pa t29793 l47145 ls1099">and </span><span class="pp-class-382 pa t29793 l47146 ls1955">sick </span><span class="pp-class-382 pa t29798 l3 ls1864">leave, </span><span class="pp-class-382 pa t29798 l47147 ls2694">bonuses, </span><span class="pp-class-382 pa t29798 l47148 ls858">and </span><span class="pp-class-382 pa t29798 l47149 ls1077">non-monetary </span><span class="pp-class-382 pa t29798 l47150 ls1073">benefits </span><span class="pp-class-382 pa t29798 l47151 ls800">are </span><span class="pp-class-382 pa t29798 l47152 ls1772">accrued </span><span class="pp-class-382 pa t29798 l47153 ls1080">in </span><span class="pp-class-382 pa t29798 l47154 ls858">the </span><span class="pp-class-382 pa t29798 l47155 ls960">year </span><span class="pp-class-382 pa t29798 l47156 ls1080">in </span><span class="pp-class-382 pa t29798 l20742 ls1759">which </span><span class="pp-class-382 pa t29798 l47157 ls1099">the </span><span class="pp-class-382 pa t29798 l47158 ls803">associated </span><span class="pp-class-382 pa t29798 l47159 ls85">services </span><span class="pp-class-382 pa t36806 l3 ls800">are </span><span class="pp-class-382 pa t36806 l43707 ls3435">rendered </span><span class="pp-class-382 pa t36806 l47160 ls2784">by </span><span class="pp-class-382 pa t36806 l24419 ls6007">employees </span><span class="pp-class-382 pa t36806 l47161 ls103">of </span><span class="pp-class-382 pa t36806 l47162 ls858">the </span><span class="pp-class-382 pa t36806 l47163 ls2149">Group. </span><span class="pp-class-382 pa t36806 l47164 ls2784">Where </span><span class="pp-class-382 pa t36806 l47165 ls858">the </span><span class="pp-class-382 pa t36806 l47166 ls2784">Group </span><span class="pp-class-382 pa t36806 l47167 ls3377">provides </span><span class="pp-class-382 pa t36806 l47168 ls1077">long-term </span><span class="pp-class-382 pa t36806 l47169 ls1316">employee </span><span class="pp-class-382 pa t36806 l47170 ls819">benefits, </span><span class="pp-class-382 pa t36806 l47171 ls302">the </span><span class="pp-class-382 pa t29811 l3 ls1759">costs </span><span class="pp-class-382 pa t29811 l34282 ls800">are </span><span class="pp-class-382 pa t29811 l47172 ls1772">accrued </span><span class="pp-class-382 pa t29811 l47173 ls1759">to </span><span class="pp-class-382 pa t29811 l30751 ls1150">match </span><span class="pp-class-382 pa t29811 l47174 ls858">the </span><span class="pp-class-382 pa t29811 l47175 ls960">rendering </span><span class="pp-class-382 pa t29811 l47176 ls103">of </span><span class="pp-class-382 pa t29811 l47177 ls858">the </span><span class="pp-class-382 pa t29811 l47178 ls1099">services </span><span class="pp-class-382 pa t29811 l47179 ls2784">by </span><span class="pp-class-382 pa t29811 l47180 ls1099">the </span><span class="pp-class-382 pa t29811 l47181 ls6007">employees.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls296">Contributions </span><span class="pp-class-382 pa t29793 l54457 ls1759">to </span><span class="pp-class-382 pa t29793 l53074 ls1305">defined </span><span class="pp-class-382 pa t29793 l54458 ls296">contribution </span><span class="pp-class-382 pa t29793 l54459 ls1237">pension </span><span class="pp-class-382 pa t29793 l54460 ls1759">plans </span><span class="pp-class-382 pa t29793 l50524 ls800">are </span><span class="pp-class-382 pa t29793 l54461 ls2970">recognised </span><span class="pp-class-382 pa t29793 l54462 ls1080">in </span><span class="pp-class-382 pa t29793 l54386 ls858">the </span><span class="pp-class-382 pa t29793 l54463 ls2486">income </span><span class="pp-class-382 pa t29793 l54464 ls1150">statement </span><span class="pp-class-382 pa t29793 l54465 ls1080">in </span><span class="pp-class-382 pa t29793 l54466 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2486">period </span><span class="pp-class-382 pa t29798 l44898 ls1080">in </span><span class="pp-class-382 pa t29798 l54467 ls1759">which </span><span class="pp-class-382 pa t29798 l54468 ls960">they </span><span class="pp-class-382 pa t29798 l54469 ls2851">relate, </span><span class="pp-class-382 pa t29798 l54470 ls858">and </span><span class="pp-class-382 pa t29798 l54471 ls3278">any </span><span class="pp-class-382 pa t29798 l54472 ls7694">payable </span><span class="pp-class-382 pa t29798 l54473 ls296">contributions </span><span class="pp-class-382 pa t29798 l20840 ls800">are </span><span class="pp-class-382 pa t29798 l54474 ls1772">accrued </span><span class="pp-class-382 pa t29798 l54475 ls1080">in </span><span class="pp-class-382 pa t29798 l54476 ls1099">the </span><span class="pp-class-382 pa t29798 l54477 ls1237">balance </span><span class="pp-class-382 pa t29798 l54478 ls296">sheet </span><span class="pp-class-382 pa t29798 l54479 ls278">as </span><span class="pp-class-382 pa t36806 l3 ls296">other </span><span class="pp-class-382 pa t36806 l43926 ls1316">payables. </span><span class="pp-class-382 pa t36806 l54480 ls1080">As </span><span class="pp-class-382 pa t36806 l50583 ls2671">regards </span><span class="pp-class-382 pa t36806 l21918 ls1305">defined </span><span class="pp-class-382 pa t36806 l54481 ls1305">benefit </span><span class="pp-class-382 pa t36806 l54482 ls1237">pension </span><span class="pp-class-382 pa t36806 l54483 ls2486">plans, </span><span class="pp-class-382 pa t36806 l54484 ls1080">an </span><span class="pp-class-382 pa t36806 l54485 ls5039">actuarial </span><span class="pp-class-382 pa t36806 l44126 ls828">valuation </span><span class="pp-class-382 pa t36806 l54486 ls103">of </span><span class="pp-class-382 pa t36806 l54487 ls1099">the </span><span class="pp-class-382 pa t36806 l54488 ls1083">value </span><span class="pp-class-382 pa t36806 l54489 ls1080">in </span><span class="pp-class-382 pa t36806 l54490 ls302">use </span><span class="pp-class-382 pa t29811 l3 ls103">of </span><span class="pp-class-382 pa t29811 l29517 ls1083">future </span><span class="pp-class-382 pa t29811 l45790 ls1073">benefits </span><span class="pp-class-382 pa t29811 l54491 ls7694">payable </span><span class="pp-class-382 pa t29811 l11802 ls1759">under </span><span class="pp-class-382 pa t29811 l54492 ls858">the </span><span class="pp-class-382 pa t29811 l54493 ls1323">plan </span><span class="pp-class-382 pa t29811 l54494 ls1080">is </span><span class="pp-class-382 pa t29811 l54495 ls1772">made </span><span class="pp-class-382 pa t29811 l54496 ls1323">once </span><span class="pp-class-382 pa t29811 l54497 ls302">a </span><span class="pp-class-382 pa t29811 l54498 ls648">year. </span><span class="pp-class-382 pa t29811 l54499 ls858">The </span><span class="pp-class-382 pa t29811 l54500 ls1083">value </span><span class="pp-class-382 pa t29811 l54501 ls1080">in </span><span class="pp-class-382 pa t29811 l54502 ls858">use </span><span class="pp-class-382 pa t29811 l54503 ls1080">is </span><span class="pp-class-382 pa t29811 l54504 ls803">calculated </span><span class="pp-class-382 pa t29811 l54505 ls1080">based </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4275">assumptions </span><span class="pp-class-382 pa t29824 l54506 ls103">of </span><span class="pp-class-382 pa t29824 l54507 ls1083">future </span><span class="pp-class-382 pa t29824 l54508 ls852">development </span><span class="pp-class-382 pa t29824 l54509 ls1080">in </span><span class="pp-class-382 pa t29824 l54510 ls7855">wage/salary </span><span class="pp-class-382 pa t29824 l54511 ls1243">levels, </span><span class="pp-class-382 pa t29824 l54512 ls2784">interest </span><span class="pp-class-382 pa t29824 l54513 ls1864">rates, </span><span class="pp-class-382 pa t29824 l54514 ls6360">inflation, </span><span class="pp-class-382 pa t29824 l54515 ls7756">mortality, </span><span class="pp-class-382 pa t29824 l54516 ls3278">etc. </span><span class="pp-class-382 pa t29836 l3 ls858">The </span><span class="pp-class-382 pa t29836 l16631 ls1083">value </span><span class="pp-class-382 pa t29836 l34033 ls1080">in </span><span class="pp-class-382 pa t29836 l54066 ls858">use </span><span class="pp-class-382 pa t29836 l54517 ls1080">is </span><span class="pp-class-382 pa t29836 l31123 ls650">only </span><span class="pp-class-382 pa t29836 l54518 ls803">calculated </span><span class="pp-class-382 pa t29836 l52878 ls3278">for </span><span class="pp-class-382 pa t29836 l52556 ls1073">benefits </span><span class="pp-class-382 pa t29836 l54519 ls1759">to </span><span class="pp-class-382 pa t29836 l54520 ls1759">which </span><span class="pp-class-382 pa t29836 l2758 ls858">the </span><span class="pp-class-382 pa t29836 l54521 ls6007">employees </span><span class="pp-class-382 pa t29836 l54522 ls185">have </span><span class="pp-class-382 pa t29836 l54523 ls2486">become </span><span class="pp-class-382 pa t29836 l54524 ls830">entitled </span><span class="pp-class-382 pa t29836 l54525 ls1110">during </span><span class="pp-class-382 pa t29849 l3 ls1759">their </span><span class="pp-class-382 pa t29849 l54526 ls728">employment </span><span class="pp-class-382 pa t29849 l54527 ls1323">with </span><span class="pp-class-382 pa t29849 l54075 ls858">the </span><span class="pp-class-382 pa t29849 l54528 ls2149">Group. </span><span class="pp-class-382 pa t29849 l54529 ls858">The </span><span class="pp-class-382 pa t29849 l54530 ls5039">actuarial </span><span class="pp-class-382 pa t29849 l54531 ls688">calculation </span><span class="pp-class-382 pa t29849 l54532 ls103">of </span><span class="pp-class-382 pa t29849 l54533 ls1099">the </span><span class="pp-class-382 pa t29849 l54534 ls1083">value </span><span class="pp-class-382 pa t29849 l45031 ls1080">in </span><span class="pp-class-382 pa t29849 l50806 ls1099">use </span><span class="pp-class-382 pa t29849 l54535 ls1323">less </span><span class="pp-class-382 pa t29849 l54536 ls858">the </span><span class="pp-class-382 pa t29849 l54537 ls3278">fair </span><span class="pp-class-382 pa t29849 l54538 ls1083">value </span><span class="pp-class-382 pa t29849 l54539 ls134">of </span><span class="pp-class-382 pa t29853 l3 ls3278">any </span><span class="pp-class-382 pa t29853 l48924 ls238">assets </span><span class="pp-class-382 pa t29853 l19052 ls1759">under </span><span class="pp-class-382 pa t29853 l16600 ls858">the </span><span class="pp-class-382 pa t29853 l16287 ls1323">plan </span><span class="pp-class-382 pa t29853 l54540 ls1080">is </span><span class="pp-class-382 pa t29853 l54541 ls2970">recognised </span><span class="pp-class-382 pa t29853 l54542 ls1080">in </span><span class="pp-class-382 pa t29853 l54543 ls1099">the </span><span class="pp-class-382 pa t29853 l54544 ls1237">balance </span><span class="pp-class-382 pa t29853 l54545 ls296">sheet </span><span class="pp-class-382 pa t29853 l54546 ls1759">under </span><span class="pp-class-382 pa t29853 l54547 ls1237">pension </span><span class="pp-class-382 pa t29853 l54548 ls2113">obligations. </span><span class="pp-class-382 pa t29853 l54549 ls1080">If </span><span class="pp-class-382 pa t29853 l54550 ls302">a </span><span class="pp-class-382 pa t29853 l54551 ls56">defined </span><span class="pp-class-382 pa t29866 l3 ls1305">benefit </span><span class="pp-class-382 pa t29866 l16670 ls1237">pension </span><span class="pp-class-382 pa t29866 l54552 ls1323">plan </span><span class="pp-class-382 pa t29866 l48169 ls3474">constitutes </span><span class="pp-class-382 pa t29866 l54553 ls302">a </span><span class="pp-class-382 pa t29866 l54554 ls830">net </span><span class="pp-class-382 pa t29866 l51550 ls2486">asset, </span><span class="pp-class-382 pa t29866 l54555 ls858">the </span><span class="pp-class-382 pa t29866 l54556 ls296">asset </span><span class="pp-class-382 pa t29866 l54557 ls1080">is </span><span class="pp-class-382 pa t29866 l54558 ls2970">recognised </span><span class="pp-class-382 pa t29866 l54559 ls650">only </span><span class="pp-class-382 pa t29866 l54560 ls1080">if </span><span class="pp-class-382 pa t29866 l54561 ls1080">it </span><span class="pp-class-382 pa t29866 l54562 ls4275">offsets </span><span class="pp-class-382 pa t29866 l54563 ls1083">future </span><span class="pp-class-382 pa t29866 l54564 ls3477">refunds </span><span class="pp-class-382 pa t36841 l3 ls1243">from </span><span class="pp-class-382 pa t36841 l49226 ls1099">the </span><span class="pp-class-382 pa t36841 l49914 ls1323">plan </span><span class="pp-class-382 pa t36841 l14071 ls1080">or </span><span class="pp-class-382 pa t36841 l54565 ls1323">will </span><span class="pp-class-382 pa t36841 l16225 ls1772">lead </span><span class="pp-class-382 pa t36841 l54566 ls1759">to </span><span class="pp-class-382 pa t36841 l54567 ls1150">reduced </span><span class="pp-class-382 pa t36841 l54568 ls1083">future </span><span class="pp-class-382 pa t36841 l54569 ls5069">payments </span><span class="pp-class-382 pa t36841 l37997 ls1759">to </span><span class="pp-class-382 pa t36841 l54570 ls858">the </span><span class="pp-class-382 pa t36841 l54571 ls1759">plan. </span><span class="pp-class-382 pa t36841 l54572 ls3278">Pension </span><span class="pp-class-382 pa t36841 l54573 ls1759">costs </span><span class="pp-class-382 pa t36841 l54574 ls103">of </span><span class="pp-class-382 pa t36841 l54575 ls858">the </span><span class="pp-class-382 pa t36841 l54576 ls960">year </span><span class="pp-class-382 pa t36841 l54577 ls2970">are </span><span class="pp-class-382 pa t29875 l3 ls2970">recognised </span><span class="pp-class-382 pa t29875 l44565 ls1080">in </span><span class="pp-class-382 pa t29875 l44566 ls858">the </span><span class="pp-class-382 pa t29875 l51266 ls2486">income </span><span class="pp-class-382 pa t29875 l51267 ls1150">statement </span><span class="pp-class-382 pa t29875 l36809 ls1759">based </span><span class="pp-class-382 pa t29875 l54578 ls1080">on </span><span class="pp-class-382 pa t29875 l54579 ls5039">actuarial </span><span class="pp-class-382 pa t29875 l54580 ls3105">estimates </span><span class="pp-class-382 pa t29875 l54581 ls858">and </span><span class="pp-class-382 pa t29875 l54582 ls1073">financial </span><span class="pp-class-382 pa t29875 l54583 ls2688">expectations </span><span class="pp-class-382 pa t29875 l54584 ls1083">at </span><span class="pp-class-382 pa t29875 l54585 ls302">the </span><span class="pp-class-382 pa t29878 l3 ls1073">beginning </span><span class="pp-class-382 pa t29878 l54586 ls103">of </span><span class="pp-class-382 pa t29878 l54587 ls858">the </span><span class="pp-class-382 pa t29878 l4269 ls9956">year.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29902 l3 ls858">The </span><span class="pp-class-382 pa t29902 l16631 ls1974">difference </span><span class="pp-class-382 pa t29902 l54588 ls1244">between </span><span class="pp-class-382 pa t29902 l54589 ls858">the </span><span class="pp-class-382 pa t29902 l54590 ls803">calculated </span><span class="pp-class-382 pa t29902 l54591 ls852">development </span><span class="pp-class-382 pa t29902 l54592 ls1080">in </span><span class="pp-class-382 pa t29902 l54593 ls1237">pension </span><span class="pp-class-382 pa t29902 l37562 ls238">assets </span><span class="pp-class-382 pa t29902 l54594 ls1099">and </span><span class="pp-class-382 pa t29902 l54595 ls1118">liabilities </span><span class="pp-class-382 pa t29902 l54596 ls1099">and </span><span class="pp-class-382 pa t29902 l54597 ls302">the </span><span class="pp-class-382 pa t36874 l3 ls8853">realised </span><span class="pp-class-382 pa t36874 l54598 ls1150">values </span><span class="pp-class-382 pa t36874 l54599 ls800">are </span><span class="pp-class-382 pa t36874 l4508 ls2970">recognised </span><span class="pp-class-382 pa t36874 l54600 ls1080">in </span><span class="pp-class-382 pa t36874 l54601 ls296">other </span><span class="pp-class-382 pa t36874 l54602 ls1974">comprehensive </span><span class="pp-class-382 pa t36874 l54603 ls2486">income </span><span class="pp-class-382 pa t36874 l46432 ls1080">as </span><span class="pp-class-382 pa t36874 l54604 ls5039">actuarial </span><span class="pp-class-382 pa t36874 l54605 ls1759">gains </span><span class="pp-class-382 pa t36874 l54606 ls858">and </span><span class="pp-class-382 pa t36874 l54607 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29920 l3 ls1237">Changes </span><span class="pp-class-382 pa t29920 l46658 ls1080">in </span><span class="pp-class-382 pa t29920 l54608 ls858">the </span><span class="pp-class-382 pa t29920 l53288 ls1073">benefits </span><span class="pp-class-382 pa t29920 l54609 ls7694">payable </span><span class="pp-class-382 pa t29920 l54610 ls3278">for </span><span class="pp-class-382 pa t29920 l34213 ls1148">employees’ </span><span class="pp-class-382 pa t29920 l54611 ls1323">past </span><span class="pp-class-382 pa t29920 l54612 ls3572">service </span><span class="pp-class-382 pa t29920 l54613 ls1759">to </span><span class="pp-class-382 pa t29920 l54614 ls858">the </span><span class="pp-class-382 pa t29920 l54615 ls1701">enterprise </span><span class="pp-class-382 pa t29920 l54616 ls800">result </span><span class="pp-class-382 pa t29920 l54617 ls1080">in </span><span class="pp-class-382 pa t29920 l54618 ls1080">an </span><span class="pp-class-382 pa t29920 l54619 ls7756">adjust-</span><span class="pp-class-382 pa t29933 l3 ls276">ment </span><span class="pp-class-382 pa t29933 l54620 ls103">of </span><span class="pp-class-382 pa t29933 l11712 ls858">the </span><span class="pp-class-382 pa t29933 l50067 ls5039">actuarial </span><span class="pp-class-382 pa t29933 l54621 ls688">calculation </span><span class="pp-class-382 pa t29933 l54622 ls103">of </span><span class="pp-class-382 pa t29933 l54623 ls858">the </span><span class="pp-class-382 pa t29933 l54624 ls2694">value-in-use, </span><span class="pp-class-382 pa t29933 l54625 ls1759">which </span><span class="pp-class-382 pa t29933 l54626 ls1080">is </span><span class="pp-class-382 pa t29933 l54627 ls819">classified </span><span class="pp-class-382 pa t29933 l54628 ls1080">as </span><span class="pp-class-382 pa t29933 l54629 ls1323">past </span><span class="pp-class-382 pa t29933 l54630 ls3572">service </span><span class="pp-class-382 pa t29933 l51386 ls2486">costs. </span><span class="pp-class-382 pa t29933 l54631 ls187">Past </span><span class="pp-class-382 pa t48298 l3 ls3572">service </span><span class="pp-class-382 pa t48298 l23113 ls1759">costs </span><span class="pp-class-382 pa t48298 l51435 ls800">are </span><span class="pp-class-382 pa t48298 l42508 ls2970">recognised </span><span class="pp-class-382 pa t48298 l22712 ls1080">in </span><span class="pp-class-382 pa t48298 l54632 ls858">the </span><span class="pp-class-382 pa t48298 l34790 ls2486">income </span><span class="pp-class-382 pa t48298 l54633 ls1150">statement </span><span class="pp-class-382 pa t48298 l54634 ls4279">immediately </span><span class="pp-class-382 pa t48298 l54635 ls1080">if </span><span class="pp-class-382 pa t48298 l54636 ls1099">the </span><span class="pp-class-382 pa t48298 l54637 ls6007">employees </span><span class="pp-class-382 pa t48298 l54638 ls185">have </span><span class="pp-class-382 pa t48298 l54639 ls1150">already </span><span class="pp-class-382 pa t29935 l3 ls2486">earned </span><span class="pp-class-382 pa t29935 l54640 ls1099">the </span><span class="pp-class-382 pa t29935 l54641 ls1305">right </span><span class="pp-class-382 pa t29935 l54642 ls1759">to </span><span class="pp-class-382 pa t29935 l3285 ls1099">the </span><span class="pp-class-382 pa t29935 l54643 ls2113">adjusted </span><span class="pp-class-382 pa t29935 l54644 ls866">benefit. </span><span class="pp-class-382 pa t29935 l39086 ls1305">Otherwise, </span><span class="pp-class-382 pa t29935 l54645 ls858">the </span><span class="pp-class-382 pa t29935 l54646 ls1073">benefits </span><span class="pp-class-382 pa t29935 l54647 ls1323">will </span><span class="pp-class-382 pa t29935 l54648 ls1080">be </span><span class="pp-class-382 pa t29935 l54649 ls2970">recognised </span><span class="pp-class-382 pa t29935 l54650 ls1080">in </span><span class="pp-class-382 pa t29935 l54651 ls1099">the </span><span class="pp-class-382 pa t29935 l54652 ls1110">income </span><span class="pp-class-382 pa t29946 l3 ls1150">statement </span><span class="pp-class-382 pa t29946 l4002 ls2671">over </span><span class="pp-class-382 pa t29946 l54653 ls858">the </span><span class="pp-class-382 pa t29946 l54654 ls2486">period </span><span class="pp-class-382 pa t29946 l54655 ls1080">in </span><span class="pp-class-382 pa t29946 l54656 ls1759">which </span><span class="pp-class-382 pa t29946 l54657 ls858">the </span><span class="pp-class-382 pa t29946 l54658 ls6007">employees </span><span class="pp-class-382 pa t29946 l54659 ls1323">earn </span><span class="pp-class-382 pa t29946 l54660 ls1099">the </span><span class="pp-class-382 pa t29946 l54661 ls1305">right </span><span class="pp-class-382 pa t29946 l54662 ls1759">to </span><span class="pp-class-382 pa t29946 l54663 ls1099">the </span><span class="pp-class-382 pa t29946 l54664 ls2113">adjusted </span><span class="pp-class-382 pa t29946 l25929 ls1224">benefits. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t54665 l3 ls1759">Other </span><span class="pp-class-382 pa t54665 l49184 ls1101">non-current </span><span class="pp-class-382 pa t54665 l49185 ls1316">employee </span><span class="pp-class-382 pa t54665 l54349 ls688">obligations </span><span class="pp-class-382 pa t54665 l54666 ls296">include </span><span class="pp-class-382 pa t54665 l54667 ls1237">jubilee </span><span class="pp-class-382 pa t54665 l50882 ls819">benefits, </span><span class="pp-class-382 pa t54665 l54668 ls2944">etc.</span></p> <div id="pp-id-5129" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h47182 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls4279">2.5 </span><span class="pp-class-370 pa t21055 l43638 ls16997">Amortisation, </span><span class="pp-class-370 pa t21055 l47183 ls124">depreciation, </span><span class="pp-class-370 pa t21055 l47184">and </span><span class="pp-class-370 pa t21055 l47185 ls907">impairment </span><span class="pp-class-370 pa t47186 l43638 ls1264">losses </span><span class="pp-class-370 pa t47186 l47187 ls166">for </span><span class="pp-class-370 pa t47186 l47188">the </span><span class="pp-class-370 pa t47186 l47189 ls2489">year</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47190 l3">DKK </span><span class="pp-class-372 pa t47190 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47190 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47190 l46293">2023</span><span class="pp-class-374 pa t47191 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47192 l3 ls90">Amortisation </span><span class="pp-class-373 pa t47192 l47193">and </span><span class="pp-class-373 pa t47192 l13097 ls854">depreciation </span><span class="pp-class-373 pa t47192 l47194 ls175">for </span><span class="pp-class-373 pa t47192 l47195">the </span><span class="pp-class-373 pa t47192 l47196 ls68">year:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47197 l3 ls274">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47197 l42534 ls2143">76</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47197 l42724">64</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47198 l3 ls980">Port </span><span class="pp-class-372 pa t47198 l42320">concession </span><span class="pp-class-372 pa t47198 l42608 ls907">rights </span><span class="pp-class-372 pa t47198 l31265 ls931">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47198 l46702">52</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47198 l47199">35</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47200 l3">Other </span><span class="pp-class-372 pa t47200 l8525 ls171">non-current </span><span class="pp-class-372 pa t47200 l42613 ls842">intangible </span><span class="pp-class-372 pa t47200 l42614 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47200 l47201">82</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47200 l47202 ls728">78</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47203 l3 ls2459">Total </span><span class="pp-class-373 pa t47203 l29712 ls90">amortisation </span><span class="pp-class-373 pa t47203 l8492 ls175">for </span><span class="pp-class-373 pa t47203 l47204">the </span><span class="pp-class-373 pa t47203 l47205 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47203 l47206 ls913">210</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47203 l47207 ls12804">178</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47208 l3">Land </span><span class="pp-class-372 pa t47208 l42636">&amp; </span><span class="pp-class-372 pa t47208 l47209">Buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47208 l42358">34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47208 l42351">26</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47210 l3 ls2854">Terminals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47210 l45310 ls2143">70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47210 l47211">67</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47212 l3 ls45">Ferries </span><span class="pp-class-372 pa t47212 l4063">and </span><span class="pp-class-372 pa t47212 l39511 ls72">other </span><span class="pp-class-372 pa t47212 l16256">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47212 l47213 ls2848">1,171</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47212 l47214 ls1073">1,060</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47215 l3 ls45">Equipment </span><span class="pp-class-372 pa t47215 l47216 ls931">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47215 l47217">449</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47215 l47218">432</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47219 l3 ls931">Right-of-use </span><span class="pp-class-372 pa t47219 l42662 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47219 l47220 ls1073">1,069</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47219 l47221">888</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47222 l3 ls2459">Total </span><span class="pp-class-373 pa t47222 l29712 ls854">depreciation </span><span class="pp-class-373 pa t47222 l47223 ls175">for </span><span class="pp-class-373 pa t47222 l47224">the </span><span class="pp-class-373 pa t47222 l52 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47222 l47225 ls14385">2,793</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47222 l47226 ls11771">2,473</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47227 l3 ls2459">Total </span><span class="pp-class-373 pa t47227 l29712 ls90">amortisation </span><span class="pp-class-373 pa t47227 l8492">and </span><span class="pp-class-373 pa t47227 l9517 ls854">depreciation </span><span class="pp-class-373 pa t47227 l47228 ls175">for </span><span class="pp-class-373 pa t47227 l47229">the </span><span class="pp-class-373 pa t47227 l47230 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47227 l47231 ls852">3,002</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47227 l47232 ls99">2,651</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47233 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47234 l3 ls2482">Reversal </span><span class="pp-class-373 pa t47234 l47235">of </span><span class="pp-class-373 pa t47234 l47236 ls287">impairment </span><span class="pp-class-373 pa t47234 l47237 ls37">losses </span><span class="pp-class-373 pa t47234 l14601 ls175">for </span><span class="pp-class-373 pa t47234 l47238">the </span><span class="pp-class-373 pa t47234 l47239 ls68">year:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47240 l3 ls45">Ferries </span><span class="pp-class-372 pa t47240 l4063">and </span><span class="pp-class-372 pa t47240 l39511 ls72">other </span><span class="pp-class-372 pa t47240 l16256">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47240 l42370">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47240 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47241 l3 ls2459">Total </span><span class="pp-class-373 pa t47241 l29712 ls1298">reversal </span><span class="pp-class-373 pa t47241 l47242">of </span><span class="pp-class-373 pa t47241 l47243 ls287">impairment </span><span class="pp-class-373 pa t47241 l10261 ls37">losses </span><span class="pp-class-373 pa t47241 l47244 ls175">for </span><span class="pp-class-373 pa t47241 l47245">the </span><span class="pp-class-373 pa t47241 l47246 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47241 l47247">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47241 l47248">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47249 l3 ls2459">Total </span><span class="pp-class-373 pa t47249 l29712 ls193">amortisation, </span><span class="pp-class-373 pa t47249 l43892 ls854">depreciation </span><span class="pp-class-373 pa t47249 l16560">and </span><span class="pp-class-373 pa t47249 l47250 ls287">impairment </span><span class="pp-class-373 pa t47249 l47251 ls37">losses </span><span class="pp-class-373 pa t47249 l47252 ls175">for </span><span class="pp-class-373 pa t47249 l47253">the </span><span class="pp-class-373 pa t47249 l47254 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47249 l47255 ls658">2,969</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47249 l47256 ls99">2,652</span></p></td></tr></table><div id="pp-id-5128"><div class="pp-class-363 pp-class-395" id="pp-id-5127"><div class="w37231 h46546 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls238">Amortisation </span><span class="pp-class-382 pa t29793 l47257 ls858">and </span><span class="pp-class-382 pa t29793 l47258 ls3623">depreciation </span><span class="pp-class-382 pa t29793 l43903 ls3278">for </span><span class="pp-class-382 pa t29793 l47259 ls858">the </span><span class="pp-class-382 pa t29793 l47260 ls960">year </span><span class="pp-class-382 pa t29793 l47261 ls800">are </span><span class="pp-class-382 pa t29793 l47262 ls2970">recognised </span><span class="pp-class-382 pa t29793 l47263 ls1759">based </span><span class="pp-class-382 pa t29793 l47264 ls1080">on </span><span class="pp-class-382 pa t29793 l47265 ls1099">the </span><span class="pp-class-382 pa t29793 l47266 ls238">amortisation </span><span class="pp-class-382 pa t29793 l47267 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls3623">depreciation </span><span class="pp-class-382 pa t29798 l47268 ls4299">profiles </span><span class="pp-class-382 pa t29798 l47269 ls103">of </span><span class="pp-class-382 pa t29798 l47270 ls858">the </span><span class="pp-class-382 pa t29798 l16742 ls1083">underlying </span><span class="pp-class-382 pa t29798 l47271 ls3474">assets. </span><span class="pp-class-382 pa t29798 l47272 ls2944">Reference </span><span class="pp-class-382 pa t29798 l47273 ls1080">is </span><span class="pp-class-382 pa t29798 l47274 ls1772">made </span><span class="pp-class-382 pa t29798 l43685 ls1759">to </span><span class="pp-class-382 pa t29798 l47275 ls1859">note </span><span class="pp-class-382 pa t29798 l47276 ls2149">3.1.1, </span><span class="pp-class-382 pa t29798 l47277 ls7094">3.1.2 </span><span class="pp-class-382 pa t29798 l47278 ls858">and </span><span class="pp-class-382 pa t29798 l47279 ls1055">3.1.3.</span></p></div></div></div></div></div> <div id="pp-id-5129" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h47182 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls4279">2.5 </span><span class="pp-class-370 pa t21055 l43638 ls16997">Amortisation, </span><span class="pp-class-370 pa t21055 l47183 ls124">depreciation, </span><span class="pp-class-370 pa t21055 l47184">and </span><span class="pp-class-370 pa t21055 l47185 ls907">impairment </span><span class="pp-class-370 pa t47186 l43638 ls1264">losses </span><span class="pp-class-370 pa t47186 l47187 ls166">for </span><span class="pp-class-370 pa t47186 l47188">the </span><span class="pp-class-370 pa t47186 l47189 ls2489">year</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47190 l3">DKK </span><span class="pp-class-372 pa t47190 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47190 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47190 l46293">2023</span><span class="pp-class-374 pa t47191 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47192 l3 ls90">Amortisation </span><span class="pp-class-373 pa t47192 l47193">and </span><span class="pp-class-373 pa t47192 l13097 ls854">depreciation </span><span class="pp-class-373 pa t47192 l47194 ls175">for </span><span class="pp-class-373 pa t47192 l47195">the </span><span class="pp-class-373 pa t47192 l47196 ls68">year:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47197 l3 ls274">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47197 l42534 ls2143">76</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47197 l42724">64</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47198 l3 ls980">Port </span><span class="pp-class-372 pa t47198 l42320">concession </span><span class="pp-class-372 pa t47198 l42608 ls907">rights </span><span class="pp-class-372 pa t47198 l31265 ls931">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47198 l46702">52</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47198 l47199">35</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47200 l3">Other </span><span class="pp-class-372 pa t47200 l8525 ls171">non-current </span><span class="pp-class-372 pa t47200 l42613 ls842">intangible </span><span class="pp-class-372 pa t47200 l42614 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47200 l47201">82</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47200 l47202 ls728">78</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47203 l3 ls2459">Total </span><span class="pp-class-373 pa t47203 l29712 ls90">amortisation </span><span class="pp-class-373 pa t47203 l8492 ls175">for </span><span class="pp-class-373 pa t47203 l47204">the </span><span class="pp-class-373 pa t47203 l47205 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47203 l47206 ls913">210</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47203 l47207 ls12804">178</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47208 l3">Land </span><span class="pp-class-372 pa t47208 l42636">&amp; </span><span class="pp-class-372 pa t47208 l47209">Buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47208 l42358">34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47208 l42351">26</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47210 l3 ls2854">Terminals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47210 l45310 ls2143">70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47210 l47211">67</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47212 l3 ls45">Ferries </span><span class="pp-class-372 pa t47212 l4063">and </span><span class="pp-class-372 pa t47212 l39511 ls72">other </span><span class="pp-class-372 pa t47212 l16256">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47212 l47213 ls2848">1,171</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47212 l47214 ls1073">1,060</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47215 l3 ls45">Equipment </span><span class="pp-class-372 pa t47215 l47216 ls931">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47215 l47217">449</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47215 l47218">432</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47219 l3 ls931">Right-of-use </span><span class="pp-class-372 pa t47219 l42662 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47219 l47220 ls1073">1,069</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47219 l47221">888</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47222 l3 ls2459">Total </span><span class="pp-class-373 pa t47222 l29712 ls854">depreciation </span><span class="pp-class-373 pa t47222 l47223 ls175">for </span><span class="pp-class-373 pa t47222 l47224">the </span><span class="pp-class-373 pa t47222 l52 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47222 l47225 ls14385">2,793</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47222 l47226 ls11771">2,473</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47227 l3 ls2459">Total </span><span class="pp-class-373 pa t47227 l29712 ls90">amortisation </span><span class="pp-class-373 pa t47227 l8492">and </span><span class="pp-class-373 pa t47227 l9517 ls854">depreciation </span><span class="pp-class-373 pa t47227 l47228 ls175">for </span><span class="pp-class-373 pa t47227 l47229">the </span><span class="pp-class-373 pa t47227 l47230 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47227 l47231 ls852">3,002</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47227 l47232 ls99">2,651</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47233 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47234 l3 ls2482">Reversal </span><span class="pp-class-373 pa t47234 l47235">of </span><span class="pp-class-373 pa t47234 l47236 ls287">impairment </span><span class="pp-class-373 pa t47234 l47237 ls37">losses </span><span class="pp-class-373 pa t47234 l14601 ls175">for </span><span class="pp-class-373 pa t47234 l47238">the </span><span class="pp-class-373 pa t47234 l47239 ls68">year:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47240 l3 ls45">Ferries </span><span class="pp-class-372 pa t47240 l4063">and </span><span class="pp-class-372 pa t47240 l39511 ls72">other </span><span class="pp-class-372 pa t47240 l16256">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47240 l42370">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47240 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47241 l3 ls2459">Total </span><span class="pp-class-373 pa t47241 l29712 ls1298">reversal </span><span class="pp-class-373 pa t47241 l47242">of </span><span class="pp-class-373 pa t47241 l47243 ls287">impairment </span><span class="pp-class-373 pa t47241 l10261 ls37">losses </span><span class="pp-class-373 pa t47241 l47244 ls175">for </span><span class="pp-class-373 pa t47241 l47245">the </span><span class="pp-class-373 pa t47241 l47246 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47241 l47247">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47241 l47248">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47249 l3 ls2459">Total </span><span class="pp-class-373 pa t47249 l29712 ls193">amortisation, </span><span class="pp-class-373 pa t47249 l43892 ls854">depreciation </span><span class="pp-class-373 pa t47249 l16560">and </span><span class="pp-class-373 pa t47249 l47250 ls287">impairment </span><span class="pp-class-373 pa t47249 l47251 ls37">losses </span><span class="pp-class-373 pa t47249 l47252 ls175">for </span><span class="pp-class-373 pa t47249 l47253">the </span><span class="pp-class-373 pa t47249 l47254 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47249 l47255 ls658">2,969</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47249 l47256 ls99">2,652</span></p></td></tr></table><div id="pp-id-5128"><div class="pp-class-363 pp-class-395" id="pp-id-5127"><div class="w37231 h46546 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls238">Amortisation </span><span class="pp-class-382 pa t29793 l47257 ls858">and </span><span class="pp-class-382 pa t29793 l47258 ls3623">depreciation </span><span class="pp-class-382 pa t29793 l43903 ls3278">for </span><span class="pp-class-382 pa t29793 l47259 ls858">the </span><span class="pp-class-382 pa t29793 l47260 ls960">year </span><span class="pp-class-382 pa t29793 l47261 ls800">are </span><span class="pp-class-382 pa t29793 l47262 ls2970">recognised </span><span class="pp-class-382 pa t29793 l47263 ls1759">based </span><span class="pp-class-382 pa t29793 l47264 ls1080">on </span><span class="pp-class-382 pa t29793 l47265 ls1099">the </span><span class="pp-class-382 pa t29793 l47266 ls238">amortisation </span><span class="pp-class-382 pa t29793 l47267 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls3623">depreciation </span><span class="pp-class-382 pa t29798 l47268 ls4299">profiles </span><span class="pp-class-382 pa t29798 l47269 ls103">of </span><span class="pp-class-382 pa t29798 l47270 ls858">the </span><span class="pp-class-382 pa t29798 l16742 ls1083">underlying </span><span class="pp-class-382 pa t29798 l47271 ls3474">assets. </span><span class="pp-class-382 pa t29798 l47272 ls2944">Reference </span><span class="pp-class-382 pa t29798 l47273 ls1080">is </span><span class="pp-class-382 pa t29798 l47274 ls1772">made </span><span class="pp-class-382 pa t29798 l43685 ls1759">to </span><span class="pp-class-382 pa t29798 l47275 ls1859">note </span><span class="pp-class-382 pa t29798 l47276 ls2149">3.1.1, </span><span class="pp-class-382 pa t29798 l47277 ls7094">3.1.2 </span><span class="pp-class-382 pa t29798 l47278 ls858">and </span><span class="pp-class-382 pa t29798 l47279 ls1055">3.1.3.</span></p></div></div></div></div></div> <div id="pp-id-5129" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h47182 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls4279">2.5 </span><span class="pp-class-370 pa t21055 l43638 ls16997">Amortisation, </span><span class="pp-class-370 pa t21055 l47183 ls124">depreciation, </span><span class="pp-class-370 pa t21055 l47184">and </span><span class="pp-class-370 pa t21055 l47185 ls907">impairment </span><span class="pp-class-370 pa t47186 l43638 ls1264">losses </span><span class="pp-class-370 pa t47186 l47187 ls166">for </span><span class="pp-class-370 pa t47186 l47188">the </span><span class="pp-class-370 pa t47186 l47189 ls2489">year</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47190 l3">DKK </span><span class="pp-class-372 pa t47190 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47190 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47190 l46293">2023</span><span class="pp-class-374 pa t47191 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47192 l3 ls90">Amortisation </span><span class="pp-class-373 pa t47192 l47193">and </span><span class="pp-class-373 pa t47192 l13097 ls854">depreciation </span><span class="pp-class-373 pa t47192 l47194 ls175">for </span><span class="pp-class-373 pa t47192 l47195">the </span><span class="pp-class-373 pa t47192 l47196 ls68">year:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47197 l3 ls274">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47197 l42534 ls2143">76</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47197 l42724">64</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47198 l3 ls980">Port </span><span class="pp-class-372 pa t47198 l42320">concession </span><span class="pp-class-372 pa t47198 l42608 ls907">rights </span><span class="pp-class-372 pa t47198 l31265 ls931">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47198 l46702">52</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47198 l47199">35</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47200 l3">Other </span><span class="pp-class-372 pa t47200 l8525 ls171">non-current </span><span class="pp-class-372 pa t47200 l42613 ls842">intangible </span><span class="pp-class-372 pa t47200 l42614 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47200 l47201">82</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47200 l47202 ls728">78</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47203 l3 ls2459">Total </span><span class="pp-class-373 pa t47203 l29712 ls90">amortisation </span><span class="pp-class-373 pa t47203 l8492 ls175">for </span><span class="pp-class-373 pa t47203 l47204">the </span><span class="pp-class-373 pa t47203 l47205 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47203 l47206 ls913">210</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47203 l47207 ls12804">178</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47208 l3">Land </span><span class="pp-class-372 pa t47208 l42636">&amp; </span><span class="pp-class-372 pa t47208 l47209">Buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47208 l42358">34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47208 l42351">26</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47210 l3 ls2854">Terminals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47210 l45310 ls2143">70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47210 l47211">67</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47212 l3 ls45">Ferries </span><span class="pp-class-372 pa t47212 l4063">and </span><span class="pp-class-372 pa t47212 l39511 ls72">other </span><span class="pp-class-372 pa t47212 l16256">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47212 l47213 ls2848">1,171</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47212 l47214 ls1073">1,060</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47215 l3 ls45">Equipment </span><span class="pp-class-372 pa t47215 l47216 ls931">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47215 l47217">449</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47215 l47218">432</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47219 l3 ls931">Right-of-use </span><span class="pp-class-372 pa t47219 l42662 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47219 l47220 ls1073">1,069</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47219 l47221">888</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47222 l3 ls2459">Total </span><span class="pp-class-373 pa t47222 l29712 ls854">depreciation </span><span class="pp-class-373 pa t47222 l47223 ls175">for </span><span class="pp-class-373 pa t47222 l47224">the </span><span class="pp-class-373 pa t47222 l52 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47222 l47225 ls14385">2,793</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47222 l47226 ls11771">2,473</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47227 l3 ls2459">Total </span><span class="pp-class-373 pa t47227 l29712 ls90">amortisation </span><span class="pp-class-373 pa t47227 l8492">and </span><span class="pp-class-373 pa t47227 l9517 ls854">depreciation </span><span class="pp-class-373 pa t47227 l47228 ls175">for </span><span class="pp-class-373 pa t47227 l47229">the </span><span class="pp-class-373 pa t47227 l47230 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47227 l47231 ls852">3,002</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47227 l47232 ls99">2,651</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47233 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47234 l3 ls2482">Reversal </span><span class="pp-class-373 pa t47234 l47235">of </span><span class="pp-class-373 pa t47234 l47236 ls287">impairment </span><span class="pp-class-373 pa t47234 l47237 ls37">losses </span><span class="pp-class-373 pa t47234 l14601 ls175">for </span><span class="pp-class-373 pa t47234 l47238">the </span><span class="pp-class-373 pa t47234 l47239 ls68">year:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47240 l3 ls45">Ferries </span><span class="pp-class-372 pa t47240 l4063">and </span><span class="pp-class-372 pa t47240 l39511 ls72">other </span><span class="pp-class-372 pa t47240 l16256">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47240 l42370">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47240 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47241 l3 ls2459">Total </span><span class="pp-class-373 pa t47241 l29712 ls1298">reversal </span><span class="pp-class-373 pa t47241 l47242">of </span><span class="pp-class-373 pa t47241 l47243 ls287">impairment </span><span class="pp-class-373 pa t47241 l10261 ls37">losses </span><span class="pp-class-373 pa t47241 l47244 ls175">for </span><span class="pp-class-373 pa t47241 l47245">the </span><span class="pp-class-373 pa t47241 l47246 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47241 l47247">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47241 l47248">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47249 l3 ls2459">Total </span><span class="pp-class-373 pa t47249 l29712 ls193">amortisation, </span><span class="pp-class-373 pa t47249 l43892 ls854">depreciation </span><span class="pp-class-373 pa t47249 l16560">and </span><span class="pp-class-373 pa t47249 l47250 ls287">impairment </span><span class="pp-class-373 pa t47249 l47251 ls37">losses </span><span class="pp-class-373 pa t47249 l47252 ls175">for </span><span class="pp-class-373 pa t47249 l47253">the </span><span class="pp-class-373 pa t47249 l47254 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47249 l47255 ls658">2,969</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47249 l47256 ls99">2,652</span></p></td></tr></table><div id="pp-id-5128"><div class="pp-class-363 pp-class-395" id="pp-id-5127"><div class="w37231 h46546 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls238">Amortisation </span><span class="pp-class-382 pa t29793 l47257 ls858">and </span><span class="pp-class-382 pa t29793 l47258 ls3623">depreciation </span><span class="pp-class-382 pa t29793 l43903 ls3278">for </span><span class="pp-class-382 pa t29793 l47259 ls858">the </span><span class="pp-class-382 pa t29793 l47260 ls960">year </span><span class="pp-class-382 pa t29793 l47261 ls800">are </span><span class="pp-class-382 pa t29793 l47262 ls2970">recognised </span><span class="pp-class-382 pa t29793 l47263 ls1759">based </span><span class="pp-class-382 pa t29793 l47264 ls1080">on </span><span class="pp-class-382 pa t29793 l47265 ls1099">the </span><span class="pp-class-382 pa t29793 l47266 ls238">amortisation </span><span class="pp-class-382 pa t29793 l47267 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls3623">depreciation </span><span class="pp-class-382 pa t29798 l47268 ls4299">profiles </span><span class="pp-class-382 pa t29798 l47269 ls103">of </span><span class="pp-class-382 pa t29798 l47270 ls858">the </span><span class="pp-class-382 pa t29798 l16742 ls1083">underlying </span><span class="pp-class-382 pa t29798 l47271 ls3474">assets. </span><span class="pp-class-382 pa t29798 l47272 ls2944">Reference </span><span class="pp-class-382 pa t29798 l47273 ls1080">is </span><span class="pp-class-382 pa t29798 l47274 ls1772">made </span><span class="pp-class-382 pa t29798 l43685 ls1759">to </span><span class="pp-class-382 pa t29798 l47275 ls1859">note </span><span class="pp-class-382 pa t29798 l47276 ls2149">3.1.1, </span><span class="pp-class-382 pa t29798 l47277 ls7094">3.1.2 </span><span class="pp-class-382 pa t29798 l47278 ls858">and </span><span class="pp-class-382 pa t29798 l47279 ls1055">3.1.3.</span></p></div></div></div></div></div><div id="pp-id-5196" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h51286 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2142">3.1.4 </span><span class="pp-class-370 pa t21055 l43638 ls907">Impairment </span><span class="pp-class-370 pa t21055 l51287">testing</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45774 l3 ls1772">I</span><span class="pp-class-383 pa t45774 l51288 ls3477">ntroduction</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t51289 l3 ls1323">DFDS </span><span class="pp-class-382 pa t51289 l41618 ls1321">performs </span><span class="pp-class-382 pa t51289 l297 ls806">impairment </span><span class="pp-class-382 pa t51289 l51290 ls1073">test </span><span class="pp-class-382 pa t51289 l51291 ls103">of </span><span class="pp-class-382 pa t51289 l51292 ls2694">goodwill </span><span class="pp-class-382 pa t51289 l51293 ls1323">once </span><span class="pp-class-382 pa t51289 l51294 ls302">a </span><span class="pp-class-382 pa t51289 l49799 ls648">year, </span><span class="pp-class-382 pa t51289 l51295 ls1080">or </span><span class="pp-class-382 pa t51289 l51296 ls2486">sooner </span><span class="pp-class-382 pa t51289 l51297 ls1080">if </span><span class="pp-class-382 pa t51289 l51298 ls806">impairment </span><span class="pp-class-382 pa t51289 l51299 ls688">indication </span><span class="pp-class-382 pa t51289 l51300 ls858">arises. </span><span class="pp-class-382 pa t51301 l3 ls2088">Furthermore, </span><span class="pp-class-382 pa t51301 l51302 ls806">impairment </span><span class="pp-class-382 pa t51301 l9027 ls1118">tests </span><span class="pp-class-382 pa t51301 l51303 ls800">are </span><span class="pp-class-382 pa t51301 l51304 ls1321">performed </span><span class="pp-class-382 pa t51301 l51305 ls3278">for </span><span class="pp-class-382 pa t51301 l51306 ls1323">cash </span><span class="pp-class-382 pa t51301 l20887 ls4305">generating </span><span class="pp-class-382 pa t51301 l51307 ls1759">units </span><span class="pp-class-382 pa t51301 l51308 ls7855">(CGUs) </span><span class="pp-class-382 pa t51301 l51309 ls1323">with </span><span class="pp-class-382 pa t51301 l51310 ls806">impairment </span><span class="pp-class-382 pa t51301 l51311 ls803">indicators </span><span class="pp-class-382 pa t51301 l51312 ls278">or </span><span class="pp-class-382 pa t51313 l3 ls803">indicators </span><span class="pp-class-382 pa t51313 l51105 ls103">of </span><span class="pp-class-382 pa t51313 l51314 ls185">reversal </span><span class="pp-class-382 pa t51313 l51120 ls103">of </span><span class="pp-class-382 pa t51313 l51315 ls1941">impairment.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t51316 l3 ls803">Cash-generating </span><span class="pp-class-383 pa t51316 l51317 ls1323">units</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t51318 l3 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t51318 l41207 ls85 wtro3159 wtr1724 tro3160 tr1725">breakdown </span><span class="pp-class-382 pa t51318 l51319 ls258 wtro3159 wtr1724 tro3160 tr1725">into </span><span class="pp-class-382 pa t51318 l51320 ls254 wtro3159 wtr1724 tro3160 tr1725">cash-generating </span><span class="pp-class-382 pa t51318 l5193 wtro3159 wtr1724 tro3160 tr1725">units </span><span class="pp-class-382 pa t51318 l51321 ls110 wtro3159 wtr1724 tro3160 tr1725">takes </span><span class="pp-class-382 pa t51318 l51322 wtro3159 wtr1724 tro3160 tr1725">its </span><span class="pp-class-382 pa t51318 l51323 ls207 wtro3159 wtr1724 tro3160 tr1725">starting </span><span class="pp-class-382 pa t51318 l51324 ls907 wtro3159 wtr1724 tro3160 tr1725">point </span><span class="pp-class-382 pa t51318 l51325 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t51318 l51326 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t51318 l51327 ls970 wtro3159 wtr1724 tro3160 tr1725">internal </span><span class="pp-class-382 pa t51318 l51328 ls278 wtro3159 wtr1724 tro3160 tr1725">structure </span><span class="pp-class-382 pa t51318 l51329 ls287 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t51318 l51330 ls12 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t51318 l51331 ls124 wtro3159 wtr1724 tro3160 tr1725">two </span><span class="pp-class-382 pa t51318 l51332 ls287 wtro3159 wtr1724 tro3160 tr1725">segments, </span><span class="pp-class-382 pa t51333 l3 ls1323 wtro3159 wtr1724 tro3160 tr1725">Ferry </span><span class="pp-class-382 pa t51333 l51334 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t51333 l51335 ls819 wtro3159 wtr1724 tro3160 tr1725">Logistics, </span><span class="pp-class-382 pa t51333 l51336 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t51333 l51337 ls1759 wtro3159 wtr1724 tro3160 tr1725">their </span><span class="pp-class-382 pa t51333 l51338 ls2760 wtro3159 wtr1724 tro3160 tr1725">operating </span><span class="pp-class-382 pa t51333 l51339 ls1083 wtro3159 wtr1724 tro3160 tr1725">areas, </span><span class="pp-class-382 pa t51333 l51340 ls3474 wtro3159 wtr1724 tro3160 tr1725">including </span><span class="pp-class-382 pa t51333 l51341 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t51333 l51342 ls2145 wtro3159 wtr1724 tro3160 tr1725">strategic, </span><span class="pp-class-382 pa t51333 l51343 ls3623 wtro3159 wtr1724 tro3160 tr1725">operational, </span><span class="pp-class-382 pa t51333 l10642 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t51333 l51344 ls2970 wtro3159 wtr1724 tro3160 tr1725">commercial </span><span class="pp-class-382 pa t51333 l51345 ls806 wtro3159 wtr1724 tro3160 tr1725">management </span><span class="pp-class-382 pa t51346 l3 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t51346 l51347 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t51346 l27342 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t51346 l51348 ls1701 wtro3159 wtr1724 tro3160 tr1725">these, </span><span class="pp-class-382 pa t51346 l51349 ls806 wtro3159 wtr1724 tro3160 tr1725">both </span><span class="pp-class-382 pa t51346 l10343 ls1015 wtro3159 wtr1724 tro3160 tr1725">separately </span><span class="pp-class-382 pa t51346 l51350 ls1099 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t51346 l51351 ls2531 wtro3159 wtr1724 tro3160 tr1725">across </span><span class="pp-class-382 pa t51346 l51352 ls2694 wtro3159 wtr1724 tro3160 tr1725">business </span><span class="pp-class-382 pa t51346 l51353 ls2486 wtro3159 wtr1724 tro3160 tr1725">units, </span><span class="pp-class-382 pa t51346 l51354 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t51346 l51355 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t51346 l51356 ls3435 wtro3159 wtr1724 tro3160 tr1725">nature </span><span class="pp-class-382 pa t51346 l51357 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t51346 l51358 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t51346 l51359 ls296 wtro3159 wtr1724 tro3160 tr1725">customer </span><span class="pp-class-382 pa t51346 l51360 ls1099 wtro3159 wtr1724 tro3160 tr1725">services </span><span class="pp-class-382 pa t51346 l51361 ls3377 wtro3159 wtr1724 tro3160 tr1725">provided.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t51362 l3 ls1759">Based </span><span class="pp-class-382 pa t51362 l51363 ls1080">on </span><span class="pp-class-382 pa t51362 l43332 ls1759">this, </span><span class="pp-class-382 pa t51362 l51364 ls858">the </span><span class="pp-class-382 pa t51362 l45575 ls1015">Group’s </span><span class="pp-class-382 pa t51362 l51365 ls869">ferry </span><span class="pp-class-382 pa t51362 l51366 ls2970">cash-generating </span><span class="pp-class-382 pa t51362 l51367 ls1759">units </span><span class="pp-class-382 pa t51362 l51368 ls1080">in </span><span class="pp-class-382 pa t51362 l51369 ls1323">2023 </span><span class="pp-class-382 pa t51362 l51370 ls2848">were </span><span class="pp-class-382 pa t51362 l51371 ls1099">the </span><span class="pp-class-382 pa t51362 l51372 ls155">North </span><span class="pp-class-382 pa t51362 l51373 ls897">Sea, </span><span class="pp-class-382 pa t51362 l51374 ls53">Baltic </span><span class="pp-class-382 pa t51362 l51375 ls1099">Sea </span><span class="pp-class-382 pa t51362 l51376 ls12">&amp; </span><span class="pp-class-382 pa t51377 l3 ls6360">Mediterranean, </span><span class="pp-class-382 pa t51377 l51378 ls858">the </span><span class="pp-class-382 pa t51377 l51379 ls2694">Channel, </span><span class="pp-class-382 pa t51377 l51380 ls858">the </span><span class="pp-class-382 pa t51377 l51381 ls3105">Oslo–Frederikshavn-Copenhagen </span><span class="pp-class-382 pa t51377 l51382 ls2588">(OFC) </span><span class="pp-class-382 pa t51377 l51383 ls2688">route </span><span class="pp-class-382 pa t51377 l51384 ls1099">and </span><span class="pp-class-382 pa t51377 l51385 ls858">the </span><span class="pp-class-382 pa t51377 l51386 ls2127">Amsterdam </span><span class="pp-class-382 pa t51377 l51387">– </span><span class="pp-class-382 pa t51388 l3 ls6007">Newcastle </span><span class="pp-class-382 pa t51388 l32007 ls646">route. </span><span class="pp-class-382 pa t51388 l51389 ls1080">In </span><span class="pp-class-382 pa t51388 l51390 ls2854">2024, </span><span class="pp-class-382 pa t51388 l51391 ls858">the </span><span class="pp-class-382 pa t51388 l26242 ls2784">Group </span><span class="pp-class-382 pa t51388 l13924 ls1099">has </span><span class="pp-class-382 pa t51388 l51392 ls1323">sold </span><span class="pp-class-382 pa t51388 l51393 ls858">the </span><span class="pp-class-382 pa t51388 l51394 ls99">OFC </span><span class="pp-class-382 pa t51388 l51395 ls646">route, </span><span class="pp-class-382 pa t51388 l51396 ls1316">acquired </span><span class="pp-class-382 pa t51388 l51397 ls858">the </span><span class="pp-class-382 pa t51388 l51398 ls1083">Strait </span><span class="pp-class-382 pa t51388 l51399 ls103">of </span><span class="pp-class-382 pa t51388 l51400 ls2760">Gibraltar </span><span class="pp-class-382 pa t51388 l51401 ls688">activities </span><span class="pp-class-382 pa t51388 l51402 ls302">and </span><span class="pp-class-382 pa t51403 l3 ls2486">signed </span><span class="pp-class-382 pa t51403 l24607 ls302">a </span><span class="pp-class-382 pa t51403 l16163 ls800">contract </span><span class="pp-class-382 pa t51403 l19066 ls3278">for </span><span class="pp-class-382 pa t51403 l51404 ls4279">Jersey’s </span><span class="pp-class-382 pa t51403 l51405 ls869">ferry </span><span class="pp-class-382 pa t51403 l16826 ls99">services. </span><span class="pp-class-382 pa t51403 l51406 ls1701">Hence, </span><span class="pp-class-382 pa t51403 l51407 ls1099">the </span><span class="pp-class-382 pa t51403 l51408 ls1083">groups </span><span class="pp-class-382 pa t51403 l51409 ls869">ferry </span><span class="pp-class-382 pa t51403 l51410 ls1323">CGUs </span><span class="pp-class-382 pa t51403 l51411 ls1080">in </span><span class="pp-class-382 pa t51403 l51412 ls1150">2024 </span><span class="pp-class-382 pa t51403 l51413 ls800">are </span><span class="pp-class-382 pa t51403 l51414 ls1099">the </span><span class="pp-class-382 pa t51403 l51415 ls155">North </span><span class="pp-class-382 pa t51403 l51416 ls897">Sea, </span><span class="pp-class-382 pa t51403 l51417 ls1305">Baltic </span><span class="pp-class-382 pa t51418 l3 ls858">Sea </span><span class="pp-class-382 pa t51418 l51419 ls302">&amp; </span><span class="pp-class-382 pa t51418 l51420 ls2970">Mediterranean </span><span class="pp-class-382 pa t51418 l51421 ls1323">with </span><span class="pp-class-382 pa t51418 l6905 ls2694">goodwill </span><span class="pp-class-382 pa t51418 l51422 ls103">of </span><span class="pp-class-382 pa t51418 l51423 ls858">DKK </span><span class="pp-class-382 pa t51418 l51424 ls19370">3,386m </span><span class="pp-class-382 pa t51418 l51425 ls2149">(2023, </span><span class="pp-class-382 pa t51418 l51426 ls1099">DKK </span><span class="pp-class-382 pa t51418 l51427 ls2134">3,384m), </span><span class="pp-class-382 pa t51418 l51428 ls1099">the </span><span class="pp-class-382 pa t51418 l51429 ls2694">Channel, </span><span class="pp-class-382 pa t51418 l51430 ls858">the </span><span class="pp-class-382 pa t51418 l51431 ls1083">Strait </span><span class="pp-class-382 pa t51418 l51432 ls103">of </span><span class="pp-class-382 pa t51418 l51433 ls1083">Gibraltar </span><span class="pp-class-382 pa t51434 l3 ls1323">with </span><span class="pp-class-382 pa t51434 l10466 ls2694">goodwill </span><span class="pp-class-382 pa t51434 l51435 ls103">of </span><span class="pp-class-382 pa t51434 l51436 ls858">DKK </span><span class="pp-class-382 pa t51434 l51437 ls3241">757m, </span><span class="pp-class-382 pa t51434 l51438 ls858">the </span><span class="pp-class-382 pa t51434 l51439 ls2127">Amsterdam </span><span class="pp-class-382 pa t51434 l51269 ls302">– </span><span class="pp-class-382 pa t51434 l51440 ls6007">Newcastle </span><span class="pp-class-382 pa t51434 l51441 ls2688">route </span><span class="pp-class-382 pa t51434 l51442 ls858">and </span><span class="pp-class-382 pa t51434 l51443 ls858">the </span><span class="pp-class-382 pa t51434 l51444 ls2889">Jersey </span><span class="pp-class-382 pa t51434 l51445 ls6007">routes. </span><span class="pp-class-382 pa t51434 l51446 ls1759">These </span><span class="pp-class-382 pa t51434 l51447 ls1237">changes </span><span class="pp-class-382 pa t51434 l51448 ls1080">do </span><span class="pp-class-382 pa t51434 l51449 ls1298">not </span><span class="pp-class-382 pa t51450 l3 ls1309">modify </span><span class="pp-class-382 pa t51450 l51451 ls1099">our </span><span class="pp-class-382 pa t51450 l48922 ls53">reporting </span><span class="pp-class-382 pa t51450 l51452 ls1319">segments. </span><span class="pp-class-382 pa t51450 l51453 ls858">The </span><span class="pp-class-382 pa t51450 l51454 ls1237">changes </span><span class="pp-class-382 pa t51450 l51455 ls1080">in </span><span class="pp-class-382 pa t51450 l51456 ls858">CGU </span><span class="pp-class-382 pa t51450 l51457 ls1099">did </span><span class="pp-class-382 pa t51450 l51458 ls830">not </span><span class="pp-class-382 pa t51450 l51459 ls800">result </span><span class="pp-class-382 pa t51450 l51460 ls1080">in </span><span class="pp-class-382 pa t51450 l51461 ls2694">goodwill </span><span class="pp-class-382 pa t51450 l51462 ls3623">reallocation.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t51463 l3 ls858">The </span><span class="pp-class-382 pa t51463 l16631 ls8853">Groups’ </span><span class="pp-class-382 pa t51463 l51464 ls1073">logistics </span><span class="pp-class-382 pa t51463 l23928 ls2970">cash-generating </span><span class="pp-class-382 pa t51463 l29804 ls1759">units </span><span class="pp-class-382 pa t51463 l51465 ls1772">tested </span><span class="pp-class-382 pa t51463 l51466 ls1080">in </span><span class="pp-class-382 pa t51463 l51467 ls1323">2023 </span><span class="pp-class-382 pa t51463 l51468 ls2848">were </span><span class="pp-class-382 pa t51463 l51469 ls182">Dry </span><span class="pp-class-382 pa t51463 l51470 ls1759">goods </span><span class="pp-class-382 pa t51463 l51471 ls1099">and </span><span class="pp-class-382 pa t51463 l51472 ls1323">Cold </span><span class="pp-class-382 pa t51463 l51473 ls2486">Chain. </span><span class="pp-class-382 pa t51463 l51474 ls1080">In </span><span class="pp-class-382 pa t51463 l51475 ls2854">2024, </span><span class="pp-class-382 pa t51463 l51476 ls858">the </span><span class="pp-class-382 pa t51463 l51477 ls728">Group </span><span class="pp-class-382 pa t51478 l3 ls1083">merged </span><span class="pp-class-382 pa t51478 l18502 ls1099">its </span><span class="pp-class-382 pa t51478 l51479 ls1073">Logistics </span><span class="pp-class-382 pa t51478 l4324 ls3623">organisation </span><span class="pp-class-382 pa t51478 l51480 ls3474">into </span><span class="pp-class-382 pa t51478 l25542 ls858">ONE </span><span class="pp-class-382 pa t51478 l51481 ls1073">Logistics </span><span class="pp-class-382 pa t51478 l51482 ls1759">to </span><span class="pp-class-382 pa t51478 l51483 ls53">offer </span><span class="pp-class-382 pa t51478 l51484 ls960">increased </span><span class="pp-class-382 pa t51478 l51485 ls1083">value </span><span class="pp-class-382 pa t51478 l51486 ls1759">to </span><span class="pp-class-382 pa t51478 l51487 ls1099">our </span><span class="pp-class-382 pa t51478 l51488 ls296">customers </span><span class="pp-class-382 pa t51478 l51489 ls2531">across </span><span class="pp-class-382 pa t51478 l51490 ls2889">market </span><span class="pp-class-382 pa t51491 l3 ls1150">through </span><span class="pp-class-382 pa t51491 l51492 ls960">increased </span><span class="pp-class-382 pa t51491 l51493 ls1868">collaboration. </span><span class="pp-class-382 pa t51491 l42356 ls1323">This </span><span class="pp-class-382 pa t51491 l51494 ls2531">resulted </span><span class="pp-class-382 pa t51491 l51495 ls1080">in </span><span class="pp-class-382 pa t51491 l31984 ls1237">changes </span><span class="pp-class-382 pa t51491 l51496 ls1759">to </span><span class="pp-class-382 pa t51491 l51497 ls1099">the </span><span class="pp-class-382 pa t51491 l51498 ls646">level </span><span class="pp-class-382 pa t51491 l51499 ls1083">at </span><span class="pp-class-382 pa t51491 l51500 ls1759">which </span><span class="pp-class-382 pa t51491 l51501 ls2694">goodwill </span><span class="pp-class-382 pa t51491 l51502 ls1080">is </span><span class="pp-class-382 pa t51491 l51503 ls1759">being </span><span class="pp-class-382 pa t51491 l44897 ls728">monitored. </span><span class="pp-class-382 pa t51504 l3 ls1701">Hence, </span><span class="pp-class-382 pa t51504 l51505 ls1099">the </span><span class="pp-class-382 pa t51504 l41683 ls2784">Group </span><span class="pp-class-382 pa t51504 l51506 ls1099">has </span><span class="pp-class-382 pa t51504 l51507 ls806">impairment </span><span class="pp-class-382 pa t51504 l51508 ls1772">tested </span><span class="pp-class-382 pa t51504 l17241 ls858">one </span><span class="pp-class-382 pa t51504 l51509 ls1073">logistics </span><span class="pp-class-382 pa t51504 l51510 ls858">CGU </span><span class="pp-class-382 pa t51504 l51511 ls1080">in </span><span class="pp-class-382 pa t51504 l51512 ls2854">2024, </span><span class="pp-class-382 pa t51504 l51513 ls2486">called </span><span class="pp-class-382 pa t51504 l51514 ls819">Logistics. </span><span class="pp-class-382 pa t51504 l51515 ls1323">This </span><span class="pp-class-382 pa t51504 l51516 ls2486">change </span><span class="pp-class-382 pa t51504 l51517 ls1323">does </span><span class="pp-class-382 pa t51504 l51518 ls1298">not </span><span class="pp-class-382 pa t51519 l3 ls1309">modify </span><span class="pp-class-382 pa t51519 l51451 ls1099">our </span><span class="pp-class-382 pa t51519 l48922 ls53">reporting </span><span class="pp-class-382 pa t51519 l51452 ls1319">segments. </span><span class="pp-class-382 pa t51519 l51453 ls2694">Goodwill </span><span class="pp-class-382 pa t51519 l51520 ls1150">was </span><span class="pp-class-382 pa t51519 l33975 ls1194">reallocated </span><span class="pp-class-382 pa t51519 l51521 ls1759">to </span><span class="pp-class-382 pa t51519 l51522 ls858">the </span><span class="pp-class-382 pa t51519 l51523 ls858">one </span><span class="pp-class-382 pa t51519 l51524 ls960">remaining </span><span class="pp-class-382 pa t51519 l51525 ls858">CGU </span><span class="pp-class-382 pa t51519 l51526 ls1323">with </span><span class="pp-class-382 pa t51519 l51527 ls2694">goodwill </span><span class="pp-class-382 pa t51519 l51528 ls103">of </span><span class="pp-class-382 pa t51519 l51529 ls302">DKK </span><span class="pp-class-382 pa t51530 l3 ls19370">3,354m </span><span class="pp-class-382 pa t51530 l51531 ls2149">(2023, </span><span class="pp-class-382 pa t51530 l26393 ls858">DKK </span><span class="pp-class-382 pa t51530 l51532 ls7094">1,568m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t51533 l3 ls3554">Intangible </span><span class="pp-class-382 pa t51533 l14877 ls650">and </span><span class="pp-class-382 pa t51533 l51534 ls2147">tangible </span><span class="pp-class-382 pa t51533 l51535 ls2796">assets </span><span class="pp-class-382 pa t51533 l51536 ls2760">as </span><span class="pp-class-382 pa t51533 l51537 ls13205">well </span><span class="pp-class-382 pa t51533 l51538 ls2760">as </span><span class="pp-class-382 pa t51533 l51539 ls11771">right-of-use </span><span class="pp-class-382 pa t51533 l47990 ls2796">assets </span><span class="pp-class-382 pa t51533 l51540 ls800">are </span><span class="pp-class-382 pa t51533 l51541 ls2694">assigned </span><span class="pp-class-382 pa t51533 l51542 ls1759">to </span><span class="pp-class-382 pa t51533 l51543 ls1099">the </span><span class="pp-class-382 pa t51533 l51544 ls1321">above-mentioned </span><span class="pp-class-382 pa t51533 l51545 ls1323">cash-</span><span class="pp-class-382 pa t51546 l3 ls4305">generating </span><span class="pp-class-382 pa t51546 l41630 ls1759">units </span><span class="pp-class-382 pa t51546 l51547 ls2486">unless </span><span class="pp-class-382 pa t51546 l15847 ls1323">this </span><span class="pp-class-382 pa t51546 l51548 ls2796">cannot </span><span class="pp-class-382 pa t51546 l51549 ls2760">be </span><span class="pp-class-382 pa t51546 l51550 ls2955">done </span><span class="pp-class-382 pa t51546 l51551 ls2955">with </span><span class="pp-class-382 pa t51546 l41455 ls1772">a </span><span class="pp-class-382 pa t51546 l51552 ls14357">reasonable </span><span class="pp-class-382 pa t51546 l51553 ls4343">degree </span><span class="pp-class-382 pa t51546 l51554 ls2531">of </span><span class="pp-class-382 pa t51546 l51555 ls13847">certainty. </span><span class="pp-class-382 pa t51546 l51556 ls14077">Software </span><span class="pp-class-382 pa t51546 l51557 ls650">and </span><span class="pp-class-382 pa t51546 l51558 ls2588">other </span><span class="pp-class-382 pa t51546 l51559 ls2459">assets </span><span class="pp-class-382 pa t51560 l3 ls3230">which </span><span class="pp-class-382 pa t51560 l45639 ls2796">cannot </span><span class="pp-class-382 pa t51560 l51561 ls2760">be </span><span class="pp-class-382 pa t51560 l51562 ls3184">assigned </span><span class="pp-class-382 pa t51560 l51563 ls2955">with </span><span class="pp-class-382 pa t51560 l51564 ls14357">reasonable </span><span class="pp-class-382 pa t51560 l51565 ls195">certainty </span><span class="pp-class-382 pa t51560 l51566 ls650">to </span><span class="pp-class-382 pa t51560 l51567 ls650">one </span><span class="pp-class-382 pa t51560 l51568 ls2760">or </span><span class="pp-class-382 pa t51560 l51569 ls14385">more </span><span class="pp-class-382 pa t51560 l31687 ls103">of </span><span class="pp-class-382 pa t51560 l51570 ls858">the </span><span class="pp-class-382 pa t51560 l51571 ls646">above </span><span class="pp-class-382 pa t51560 l51572 ls2970">cash-generating </span><span class="pp-class-382 pa t51560 l51573 ls1759">units </span><span class="pp-class-382 pa t51560 l51574 ls2970">are </span><span class="pp-class-382 pa t51575 l3 ls1772">tested </span><span class="pp-class-382 pa t51575 l51576 ls3278">for </span><span class="pp-class-382 pa t51575 l51577 ls806">impairment </span><span class="pp-class-382 pa t51575 l51578 ls1080">as </span><span class="pp-class-382 pa t51575 l51579 ls302">a </span><span class="pp-class-382 pa t51575 l50507 ls2489">non-allocated </span><span class="pp-class-382 pa t51575 l17555 ls2784">Group </span><span class="pp-class-382 pa t51575 l51580 ls2486">asset, </span><span class="pp-class-382 pa t51575 l51581 ls2142">i.e., </span><span class="pp-class-382 pa t51575 l51582 ls1759">based </span><span class="pp-class-382 pa t51575 l51583 ls1080">on </span><span class="pp-class-382 pa t51575 l51584 ls858">the </span><span class="pp-class-382 pa t51575 l51585 ls2784">Group </span><span class="pp-class-382 pa t51575 l51586 ls2694">earnings.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t51587 l3 ls858">The </span><span class="pp-class-382 pa t51587 l16631 ls6360">determination </span><span class="pp-class-382 pa t51587 l51588 ls103">of </span><span class="pp-class-382 pa t51587 l4056 ls2970">cash-generating </span><span class="pp-class-382 pa t51587 l51589 ls1759">units </span><span class="pp-class-382 pa t51587 l26877 ls2489">differs </span><span class="pp-class-382 pa t51587 l51590 ls1759">based </span><span class="pp-class-382 pa t51587 l51591 ls1080">on </span><span class="pp-class-382 pa t51587 l51592 ls1099">the </span><span class="pp-class-382 pa t51587 l51593 ls2694">business </span><span class="pp-class-382 pa t51587 l51594 ls1271">area. </span><span class="pp-class-382 pa t51587 l51595 ls1323">Most </span><span class="pp-class-382 pa t51587 l51596 ls103">of </span><span class="pp-class-382 pa t51587 l51597 ls1099">the </span><span class="pp-class-382 pa t51587 l51598 ls852">freight </span><span class="pp-class-382 pa t51587 l51599 ls2489">ferries </span><span class="pp-class-382 pa t51587 l51600 ls278">in </span><span class="pp-class-382 pa t51601 l3 ls155">North </span><span class="pp-class-382 pa t51601 l51602 ls897">Sea, </span><span class="pp-class-382 pa t51601 l51603 ls53">Baltic </span><span class="pp-class-382 pa t51601 l51604 ls858">Sea </span><span class="pp-class-382 pa t51601 l51605 ls302">&amp; </span><span class="pp-class-382 pa t51601 l51606 ls2970">Mediterranean </span><span class="pp-class-382 pa t51601 l35936 ls800">are </span><span class="pp-class-382 pa t51601 l51607 ls2970">interchangeable </span><span class="pp-class-382 pa t51601 l51608 ls1323">with </span><span class="pp-class-382 pa t51601 l51609 ls1772">each </span><span class="pp-class-382 pa t51601 l51610 ls14077">other. </span><span class="pp-class-382 pa t51601 l51611 ls2784">Where </span><span class="pp-class-382 pa t51601 l51612 ls858">and </span><span class="pp-class-382 pa t51601 l51613 ls1150">how </span><span class="pp-class-382 pa t51601 l51614 ls1099">the </span><span class="pp-class-382 pa t51601 l51615 ls296">fleet </span><span class="pp-class-382 pa t51601 l51616 ls103">of </span><span class="pp-class-382 pa t51601 l51617 ls1305">ferries </span><span class="pp-class-382 pa t51618 l3 ls1080">is </span><span class="pp-class-382 pa t51618 l46558 ls1316">deployed </span><span class="pp-class-382 pa t51618 l43947 ls1080">is </span><span class="pp-class-382 pa t51618 l24472 ls715">centrally </span><span class="pp-class-382 pa t51618 l51619 ls2694">decided. </span><span class="pp-class-382 pa t51618 l51620 ls6791">Consequently, </span><span class="pp-class-382 pa t51618 l30686 ls1759">these </span><span class="pp-class-382 pa t51618 l51621 ls2784">areas </span><span class="pp-class-382 pa t51618 l51622 ls800">are </span><span class="pp-class-382 pa t51618 l51623 ls1772">tested </span><span class="pp-class-382 pa t51618 l51624 ls3278">for </span><span class="pp-class-382 pa t51618 l51625 ls806">impairment </span><span class="pp-class-382 pa t51618 l51626 ls1080">as </span><span class="pp-class-382 pa t51618 l51627 ls302">a </span><span class="pp-class-382 pa t51618 l51628 ls2486">single </span><span class="pp-class-382 pa t51618 l51629 ls1323">cash-</span><span class="pp-class-382 pa t51630 l3 ls4305">generating </span><span class="pp-class-382 pa t51630 l41630 ls1110">unit. </span><span class="pp-class-382 pa t51630 l51631 ls8446">Conversely, </span><span class="pp-class-382 pa t51630 l51632 ls858">the </span><span class="pp-class-382 pa t51630 l16735 ls728">vessels </span><span class="pp-class-382 pa t51630 l51633 ls99">servicing </span><span class="pp-class-382 pa t51630 l51634 ls858">the </span><span class="pp-class-382 pa t51630 l51635 ls1237">English </span><span class="pp-class-382 pa t51630 l51636 ls2694">Channel, </span><span class="pp-class-382 pa t51630 l51637 ls2784">Amsterdam-Newcastle, </span><span class="pp-class-382 pa t51630 l51638 ls1083">Strait </span><span class="pp-class-382 pa t51630 l51639 ls134">of </span><span class="pp-class-382 pa t51640 l3 ls2760">Gibraltar </span><span class="pp-class-382 pa t51640 l51641 ls1099">and </span><span class="pp-class-382 pa t51640 l24278 ls2889">Jersey </span><span class="pp-class-382 pa t51640 l28508 ls4305">routes </span><span class="pp-class-382 pa t51640 l38666 ls800">are </span><span class="pp-class-382 pa t51640 l51642 ls2486">either </span><span class="pp-class-382 pa t51640 l33848 ls1323">used </span><span class="pp-class-382 pa t51640 l51643 ls3158">exclusively </span><span class="pp-class-382 pa t51640 l43242 ls1080">in </span><span class="pp-class-382 pa t51640 l51644 ls1772">each </span><span class="pp-class-382 pa t51640 l51645 ls2694">specific </span><span class="pp-class-382 pa t51640 l51646 ls1859">itinerary </span><span class="pp-class-382 pa t51640 l51647 ls1080">or </span><span class="pp-class-382 pa t51640 l51648 ls5069">linked </span><span class="pp-class-382 pa t51640 l51649 ls1759">to </span><span class="pp-class-382 pa t51640 l51650 ls2694">specific </span><span class="pp-class-382 pa t51640 l51651 ls1083">operating </span><span class="pp-class-382 pa t51652 l3 ls1073">licenses. </span><span class="pp-class-382 pa t51652 l51653 ls6791">Consequently, </span><span class="pp-class-382 pa t51652 l43974 ls1759">these </span><span class="pp-class-382 pa t51652 l51654 ls2784">areas </span><span class="pp-class-382 pa t51652 l51655 ls800">are </span><span class="pp-class-382 pa t51652 l36527 ls2970">considered </span><span class="pp-class-382 pa t51652 l51656 ls1080">as </span><span class="pp-class-382 pa t51652 l51657 ls2145">separate </span><span class="pp-class-382 pa t51652 l51658 ls2970">cash-generating </span><span class="pp-class-382 pa t51652 l49224 ls1759">units.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t51659 l3 ls1073">Logistics </span><span class="pp-class-382 pa t51659 l46151 ls688">activities </span><span class="pp-class-382 pa t51659 l30610 ls2848">were </span><span class="pp-class-382 pa t51659 l51660 ls4652">previously </span><span class="pp-class-382 pa t51659 l51661 ls1772">tested </span><span class="pp-class-382 pa t51659 l51662 ls1080">as </span><span class="pp-class-382 pa t51659 l51663 ls1150">two </span><span class="pp-class-382 pa t51659 l51664 ls2970">cash-generating </span><span class="pp-class-382 pa t51659 l51665 ls2486">units: </span><span class="pp-class-382 pa t51659 l51666 ls1323">Cold </span><span class="pp-class-382 pa t51659 l51667 ls1759">Chain </span><span class="pp-class-382 pa t51659 l51668 ls858">and </span><span class="pp-class-382 pa t51659 l51669 ls182">Dry </span><span class="pp-class-382 pa t51659 l51670 ls1759">Goods </span><span class="pp-class-382 pa t51659 l51671 ls1759">based </span><span class="pp-class-382 pa t51659 l51672 ls278">on </span><span class="pp-class-382 pa t51673 l3 ls1099">services </span><span class="pp-class-382 pa t51673 l51674 ls3377">provided </span><span class="pp-class-382 pa t51673 l51675 ls858">and </span><span class="pp-class-382 pa t51673 l18545 ls1319">equipment </span><span class="pp-class-382 pa t51673 l10424 ls1323">used </span><span class="pp-class-382 pa t51673 l51676 ls1759">being </span><span class="pp-class-382 pa t51673 l51677 ls2694">specific </span><span class="pp-class-382 pa t51673 l49800 ls1759">to </span><span class="pp-class-382 pa t51673 l51678 ls1772">each </span><span class="pp-class-382 pa t51673 l51679 ls2694">business </span><span class="pp-class-382 pa t51673 l51680 ls1271">area. </span><span class="pp-class-382 pa t51673 l51681 ls1080">In </span><span class="pp-class-382 pa t51673 l51682 ls2854">2024, </span><span class="pp-class-382 pa t51673 l51683 ls1099">the </span><span class="pp-class-382 pa t51673 l51684 ls1073">logistics </span><span class="pp-class-382 pa t51673 l51685 ls99">business </span><span class="pp-class-382 pa t51686 l3 ls1150">was </span><span class="pp-class-382 pa t51686 l51687 ls3377">restructured </span><span class="pp-class-382 pa t51686 l6538 ls1099">and </span><span class="pp-class-382 pa t51686 l51688 ls1323">cash </span><span class="pp-class-382 pa t51686 l51689 ls4305">generating </span><span class="pp-class-382 pa t51686 l51690 ls1759">units </span><span class="pp-class-382 pa t51686 l51691 ls3278">for </span><span class="pp-class-382 pa t51686 l51692 ls806">impairment </span><span class="pp-class-382 pa t51686 l51693 ls806">testing </span><span class="pp-class-382 pa t51686 l51694 ls2142">reassessed. </span><span class="pp-class-382 pa t51686 l51695 ls53">Management </span><span class="pp-class-382 pa t51686 l51696 ls858">has </span><span class="pp-class-382 pa t51686 l51697 ls1319">determined </span><span class="pp-class-382 pa t51698 l3 ls6360">that </span><span class="pp-class-382 pa t51698 l42575 ls1099">the </span><span class="pp-class-382 pa t51698 l51699 ls2531">lowest </span><span class="pp-class-382 pa t51698 l29573 ls646">level </span><span class="pp-class-382 pa t51698 l51700 ls103">of </span><span class="pp-class-382 pa t51698 l47224 ls296">identifiable </span><span class="pp-class-382 pa t51698 l51701 ls1323">cash </span><span class="pp-class-382 pa t51698 l47038 ls4305">inflows </span><span class="pp-class-382 pa t51698 l51702">- </span><span class="pp-class-382 pa t51698 l51703 ls6360">that </span><span class="pp-class-382 pa t51698 l51704 ls800">are </span><span class="pp-class-382 pa t51698 l51705 ls1535">largely </span><span class="pp-class-382 pa t51698 l51706 ls806">independent </span><span class="pp-class-382 pa t51698 l51707 ls103">of </span><span class="pp-class-382 pa t51698 l51708 ls1099">the </span><span class="pp-class-382 pa t51698 l51709 ls1323">cash </span><span class="pp-class-382 pa t51698 l51710 ls4305">inflows </span><span class="pp-class-382 pa t51698 l51711 ls1243">from </span><span class="pp-class-382 pa t51698 l51712 ls58">other </span><span class="pp-class-382 pa t51713 l3 ls238">assets </span><span class="pp-class-382 pa t51713 l51714">- </span><span class="pp-class-382 pa t51713 l51699 ls1080">is </span><span class="pp-class-382 pa t51713 l50310 ls858">the </span><span class="pp-class-382 pa t51713 l51715 ls1323">cash </span><span class="pp-class-382 pa t51713 l51716 ls4305">inflows </span><span class="pp-class-382 pa t51713 l51717 ls3377">generated </span><span class="pp-class-382 pa t51713 l44356 ls2784">by </span><span class="pp-class-382 pa t51713 l26378 ls858">all </span><span class="pp-class-382 pa t51713 l51718 ls1073">logistics </span><span class="pp-class-382 pa t51713 l51719 ls4305">routes </span><span class="pp-class-382 pa t51713 l51720 ls1722">together. </span><span class="pp-class-382 pa t51713 l51721 ls1323">This </span><span class="pp-class-382 pa t51713 l49819 ls1080">is </span><span class="pp-class-382 pa t51713 l51722 ls1759">based </span><span class="pp-class-382 pa t51713 l51723 ls1080">on </span><span class="pp-class-382 pa t51713 l51724 ls960">increased </span><span class="pp-class-382 pa t51713 l51725 ls852">integration, </span><span class="pp-class-382 pa t51726 l3 ls2531">creation </span><span class="pp-class-382 pa t51726 l34494 ls103">of </span><span class="pp-class-382 pa t51726 l45262 ls858">the </span><span class="pp-class-382 pa t51726 l51727 ls1319">equipment </span><span class="pp-class-382 pa t51726 l51728 ls1759">pool, </span><span class="pp-class-382 pa t51726 l51729 ls858">and </span><span class="pp-class-382 pa t51726 l25536 ls1099">the </span><span class="pp-class-382 pa t51726 l51730 ls7694">fact </span><span class="pp-class-382 pa t51726 l51731 ls6360">that </span><span class="pp-class-382 pa t51726 l51732 ls1099">our </span><span class="pp-class-382 pa t51726 l51733 ls1073">logistics </span><span class="pp-class-382 pa t51726 l51734 ls4305">routes </span><span class="pp-class-382 pa t51726 l51735 ls800">are </span><span class="pp-class-382 pa t51726 l51736 ls1535">largely </span><span class="pp-class-382 pa t51726 l51737 ls8853">interdependent </span><span class="pp-class-382 pa t51726 l51738 ls858">and </span><span class="pp-class-382 pa t51726 l51739 ls1237">managed </span><span class="pp-class-382 pa t51740 l3 ls1323">with </span><span class="pp-class-382 pa t51740 l10466 ls1099">the </span><span class="pp-class-382 pa t51740 l47569 ls2486">common </span><span class="pp-class-382 pa t51740 l51741 ls2970">objective </span><span class="pp-class-382 pa t51740 l1880 ls103">of </span><span class="pp-class-382 pa t51740 l27006 ls1126">supporting </span><span class="pp-class-382 pa t51740 l42357 ls858">our </span><span class="pp-class-382 pa t51740 l51742 ls869">ferry </span><span class="pp-class-382 pa t51740 l51743 ls2694">business </span><span class="pp-class-382 pa t51740 l51744 ls2531">across </span><span class="pp-class-382 pa t51740 l51745 ls5039">regions. </span></p></div></div><div id="pp-id-5197" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h51746 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t328 l3 ls1759">Basis </span><span class="pp-class-383 pa t328 l34198 ls1077">for </span><span class="pp-class-383 pa t328 l43849 ls806">impairment </span><span class="pp-class-383 pa t328 l51747 ls1237">testing </span><span class="pp-class-383 pa t328 l51748 ls858">and </span><span class="pp-class-383 pa t328 l51749 ls1148">calculation </span><span class="pp-class-383 pa t328 l46071 ls1080">of </span><span class="pp-class-383 pa t328 l51750 ls2851">recoverable </span><span class="pp-class-383 pa t328 l51751 ls1305">amount</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t51752 l3 ls1080">In </span><span class="pp-class-382 pa t51752 l43891 ls858">the </span><span class="pp-class-382 pa t51752 l43987 ls806">impairment </span><span class="pp-class-382 pa t51752 l51753 ls1073">test </span><span class="pp-class-382 pa t51752 l51754 ls3278">for </span><span class="pp-class-382 pa t51752 l17344 ls2970">cash-generating </span><span class="pp-class-382 pa t51752 l51755 ls2486">units, </span><span class="pp-class-382 pa t51752 l51756 ls1099">the </span><span class="pp-class-382 pa t51752 l51757 ls2143">recoverable </span><span class="pp-class-382 pa t51752 l51758 ls1073">amount </span><span class="pp-class-382 pa t51752 l51759 ls103">of </span><span class="pp-class-382 pa t51752 l51760 ls858">the </span><span class="pp-class-382 pa t51752 l51761 ls1323">unit </span><span class="pp-class-382 pa t51752 l51762 ls1080">is </span><span class="pp-class-382 pa t51752 l51763 ls8853">compared </span><span class="pp-class-382 pa t51752 l51764 ls1323">with </span><span class="pp-class-382 pa t51752 l51765 ls302">its </span><span class="pp-class-382 pa t51766 l3 ls1099">carrying </span><span class="pp-class-382 pa t51766 l51767 ls866">amount. </span><span class="pp-class-382 pa t51766 l51768 ls1099">The </span><span class="pp-class-382 pa t51766 l51769 ls2143">recoverable </span><span class="pp-class-382 pa t51766 l26008 ls1073">amount </span><span class="pp-class-382 pa t51766 l29805 ls3278">for </span><span class="pp-class-382 pa t51766 l51770 ls858">the </span><span class="pp-class-382 pa t51766 l44809 ls2132">relevant </span><span class="pp-class-382 pa t51766 l51771 ls2970">cash-generating </span><span class="pp-class-382 pa t51766 l51772 ls1759">units </span><span class="pp-class-382 pa t51766 l51773 ls1080">is </span><span class="pp-class-382 pa t51766 l51774 ls2489">determined </span><span class="pp-class-382 pa t51766 l51775 ls1759">based </span><span class="pp-class-382 pa t51766 l51712 ls278">on </span><span class="pp-class-382 pa t51776 l3 ls869">value-in-use </span><span class="pp-class-382 pa t51776 l51777 ls2842">calculations. </span><span class="pp-class-382 pa t51776 l5910 ls1080">If </span><span class="pp-class-382 pa t51776 l39900 ls858">the </span><span class="pp-class-382 pa t51776 l51778 ls2143">recoverable </span><span class="pp-class-382 pa t51776 l51779 ls1073">amount </span><span class="pp-class-382 pa t51776 l37882 ls1080">is </span><span class="pp-class-382 pa t51776 l48580 ls1323">less </span><span class="pp-class-382 pa t51776 l51693 ls1323">than </span><span class="pp-class-382 pa t51776 l51780 ls1099">the </span><span class="pp-class-382 pa t51776 l51781 ls1099">carrying </span><span class="pp-class-382 pa t51776 l51782 ls866">amount, </span><span class="pp-class-382 pa t51776 l51783 ls1099">the </span><span class="pp-class-382 pa t51776 l49244 ls800">latter </span><span class="pp-class-382 pa t51776 l51784 ls1080">is </span><span class="pp-class-382 pa t51776 l51785 ls2489">written </span><span class="pp-class-382 pa t51786 l3 ls960">down </span><span class="pp-class-382 pa t51786 l51787 ls1759">to </span><span class="pp-class-382 pa t51786 l51788 ls858">the </span><span class="pp-class-382 pa t51786 l12068 ls2143">recoverable </span><span class="pp-class-382 pa t51786 l51789 ls1323">amount.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t51790 l3 ls858">The </span><span class="pp-class-382 pa t51790 l16631 ls869">value-in-use </span><span class="pp-class-382 pa t51790 l51791 ls1080">is </span><span class="pp-class-382 pa t51790 l51792 ls803">calculated </span><span class="pp-class-382 pa t51790 l51793 ls1080">as </span><span class="pp-class-382 pa t51790 l39576 ls858">the </span><span class="pp-class-382 pa t51790 l51794 ls1701">discounted </span><span class="pp-class-382 pa t51790 l51795 ls1083">value </span><span class="pp-class-382 pa t51790 l51796 ls103">of </span><span class="pp-class-382 pa t51790 l51797 ls858">the </span><span class="pp-class-382 pa t51790 l33511 ls3105">estimated </span><span class="pp-class-382 pa t51790 l51798 ls1083">future </span><span class="pp-class-382 pa t51790 l51799 ls830">net </span><span class="pp-class-382 pa t51790 l51800 ls1323">cash </span><span class="pp-class-382 pa t51790 l51801 ls2784">flows </span><span class="pp-class-382 pa t51790 l51802 ls1099">per </span><span class="pp-class-382 pa t51790 l51803 ls1323">cash-</span><span class="pp-class-382 pa t51804 l3 ls4305">generating </span><span class="pp-class-382 pa t51804 l41630 ls1110">unit. </span><span class="pp-class-382 pa t51804 l51631 ls14385">Key </span><span class="pp-class-382 pa t51804 l51805 ls3623">parameters </span><span class="pp-class-382 pa t51804 l51806 ls3278">for </span><span class="pp-class-382 pa t51804 l51807 ls1099">the </span><span class="pp-class-382 pa t51804 l51808 ls4305">forecast </span><span class="pp-class-382 pa t51804 l51809 ls1237">periods </span><span class="pp-class-382 pa t51804 l51810 ls800">are </span><span class="pp-class-382 pa t51804 l51811 ls1083">trends </span><span class="pp-class-382 pa t51804 l51812 ls1080">in </span><span class="pp-class-382 pa t51804 l51813 ls2848">revenue, </span><span class="pp-class-382 pa t51804 l51814 ls1110">cost, </span><span class="pp-class-382 pa t51804 l51815 ls1323">EBIT </span><span class="pp-class-382 pa t51804 l45850 ls1150">margin, </span><span class="pp-class-382 pa t51804 l51816 ls3477">future </span><span class="pp-class-382 pa t51817 l3 ls2854">investments, </span><span class="pp-class-382 pa t51817 l51818 ls858">and </span><span class="pp-class-382 pa t51817 l51819 ls7756">growth </span><span class="pp-class-382 pa t51817 l34237 ls1243">expectations. </span><span class="pp-class-382 pa t51817 l51820 ls1759">These </span><span class="pp-class-382 pa t51817 l17600 ls3623">parameters </span><span class="pp-class-382 pa t51817 l51821 ls800">are </span><span class="pp-class-382 pa t51817 l51822 ls2489">determined </span><span class="pp-class-382 pa t51817 l51823 ls4299">specifically </span><span class="pp-class-382 pa t51817 l51824 ls3278">for </span><span class="pp-class-382 pa t51817 l51825 ls1772">each </span><span class="pp-class-382 pa t51817 l51826 ls869">individual </span><span class="pp-class-382 pa t51827 l3 ls2970">cash-generating </span><span class="pp-class-382 pa t51827 l13907 ls1110">unit. </span><span class="pp-class-382 pa t51827 l51828 ls7756">Growth </span><span class="pp-class-382 pa t51827 l51829 ls1080">is </span><span class="pp-class-382 pa t51827 l51830 ls1316">incorporated </span><span class="pp-class-382 pa t51827 l51831 ls1080">in </span><span class="pp-class-382 pa t51827 l51832 ls2784">forecasts </span><span class="pp-class-382 pa t51827 l51833 ls3278">for </span><span class="pp-class-382 pa t51827 l51834 ls1237">periods </span><span class="pp-class-382 pa t51827 l51835 ls2531">beyond </span><span class="pp-class-382 pa t51827 l51836 ls1323">2025 </span><span class="pp-class-382 pa t51827 l51837 ls1099">and </span><span class="pp-class-382 pa t51827 l51838 ls1080">in </span><span class="pp-class-382 pa t51827 l51839 ls1099">the </span><span class="pp-class-382 pa t51827 l51840 ls296">terminal </span><span class="pp-class-382 pa t51827 l51841 ls1110">period </span><span class="pp-class-382 pa t51842 l3 ls1323">with </span><span class="pp-class-382 pa t51842 l10466 ls715">reference </span><span class="pp-class-382 pa t51842 l51843 ls1759">to </span><span class="pp-class-382 pa t51842 l34051 ls1099">the </span><span class="pp-class-382 pa t51842 l51844 ls7756">growth </span><span class="pp-class-382 pa t51842 l51845 ls3216">rate </span><span class="pp-class-382 pa t51842 l44296 ls858">and </span><span class="pp-class-382 pa t51842 l51846 ls1323">cash </span><span class="pp-class-382 pa t51842 l20254 ls960">flow </span><span class="pp-class-382 pa t51842 l51847 ls3474">section </span><span class="pp-class-382 pa t51842 l51581 ls4343">below. </span><span class="pp-class-382 pa t51842 l51848 ls14385">Key </span><span class="pp-class-382 pa t51842 l51849 ls3623">parameters </span><span class="pp-class-382 pa t51842 l51850 ls800">are </span><span class="pp-class-382 pa t51842 l51851 ls1759">based </span><span class="pp-class-382 pa t51842 l51852 ls1080">on </span><span class="pp-class-382 pa t51842 l51853 ls806">managements </span><span class="pp-class-382 pa t51854 l3 ls1323">past </span><span class="pp-class-382 pa t51854 l51855 ls2970">experience </span><span class="pp-class-382 pa t51854 l51856 ls858">and </span><span class="pp-class-382 pa t51854 l31961 ls1083">external </span><span class="pp-class-382 pa t51854 l51857 ls1150">sources </span><span class="pp-class-382 pa t51854 l51858 ls2784">where </span><span class="pp-class-382 pa t51854 l51859 ls3377">available.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t51860 l3 ls6360">Determination </span><span class="pp-class-376 pa t51860 l47968 ls103">of </span><span class="pp-class-376 pa t51860 l51861 ls3105">estimated </span><span class="pp-class-376 pa t51860 l51862 ls7756">growth </span><span class="pp-class-376 pa t51860 l51863 ls2769">rates </span><span class="pp-class-376 pa t51860 l17436 ls858">and </span><span class="pp-class-376 pa t51860 l51864 ls1323">cash </span><span class="pp-class-376 pa t51860 l51865 ls1150">flow</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t51866 l3 ls3102">The </span><span class="pp-class-382 pa t51866 l51867 ls30469">expected </span><span class="pp-class-382 pa t51866 l51868 ls4819">net </span><span class="pp-class-382 pa t51866 l51869 ls4819">cash </span><span class="pp-class-382 pa t51866 l30928 ls3152">flows </span><span class="pp-class-382 pa t51866 l51870 ls48754">are </span><span class="pp-class-382 pa t51866 l51871 ls9928">assessed </span><span class="pp-class-382 pa t51866 l47840 ls742">at </span><span class="pp-class-382 pa t51866 l16396 ls3102">CGU </span><span class="pp-class-382 pa t51866 l51872 ls51873">level </span><span class="pp-class-382 pa t51866 l51874 ls7996">on </span><span class="pp-class-382 pa t51866 l51875 ls2983">basis </span><span class="pp-class-382 pa t51866 l51876 ls941">of </span><span class="pp-class-382 pa t51866 l51877 ls48624">approved </span><span class="pp-class-382 pa t51866 l51878 ls1057">forecasts </span><span class="pp-class-382 pa t51866 l51879 ls800">for </span><span class="pp-class-382 pa t51866 l51880 ls1150">2025 </span><span class="pp-class-382 pa t51866 l51881 ls3105">and </span><span class="pp-class-382 pa t51866 l51882 ls2854">business </span><span class="pp-class-382 pa t51883 l3 ls1974">plans </span><span class="pp-class-382 pa t51883 l51884 ls3241">beyond </span><span class="pp-class-382 pa t51883 l33912 ls2805">2025. </span><span class="pp-class-382 pa t51883 l51885 ls858">The </span><span class="pp-class-382 pa t51883 l10203 ls4299">projections </span><span class="pp-class-382 pa t51883 l51886 ls296">include </span><span class="pp-class-382 pa t51883 l51887 ls1099">the </span><span class="pp-class-382 pa t51883 l51888 ls3105">estimated </span><span class="pp-class-382 pa t51883 l50586 ls728">impact </span><span class="pp-class-382 pa t51883 l51889 ls103">of </span><span class="pp-class-382 pa t51883 l51890 ls1077">long-term </span><span class="pp-class-382 pa t51883 l51891 ls3377">strategic </span><span class="pp-class-382 pa t51883 l51892 ls1073">decisions </span><span class="pp-class-382 pa t51883 l51893 ls302">and </span><span class="pp-class-382 pa t51894 l3 ls806">assessment </span><span class="pp-class-382 pa t51894 l18024 ls103">of </span><span class="pp-class-382 pa t51894 l47028 ls187">opportunities </span><span class="pp-class-382 pa t51894 l51895 ls3278">for </span><span class="pp-class-382 pa t51894 l44177 ls1083">future </span><span class="pp-class-382 pa t51894 l51896 ls7756">growth </span><span class="pp-class-382 pa t51894 l47272 ls858">and </span><span class="pp-class-382 pa t51894 l51897 ls3435">required </span><span class="pp-class-382 pa t51894 l51898 ls2854">investments. </span><span class="pp-class-382 pa t51894 l51899 ls1772">For </span><span class="pp-class-382 pa t51894 l51900 ls1323">CGUs </span><span class="pp-class-382 pa t51894 l51901 ls1759">which </span><span class="pp-class-382 pa t51894 l37280 ls296">include </span><span class="pp-class-382 pa t51894 l51902 ls302">a </span><span class="pp-class-382 pa t51894 l51903 ls1759">terminal </span><span class="pp-class-382 pa t51904 l3 ls1237">period, </span><span class="pp-class-382 pa t51904 l51905 ls3623">OECD’s </span><span class="pp-class-382 pa t51904 l6191 ls2127">prediction </span><span class="pp-class-382 pa t51904 l51906 ls3278">for </span><span class="pp-class-382 pa t51904 l22553 ls1080">EU </span><span class="pp-class-382 pa t51904 l51907 ls1077">long-term </span><span class="pp-class-382 pa t51904 l51908 ls2694">consumer </span><span class="pp-class-382 pa t51904 l51909 ls1759">price </span><span class="pp-class-382 pa t51904 l51910 ls2784">index </span><span class="pp-class-382 pa t51904 l51911 ls7756">growth </span><span class="pp-class-382 pa t51904 l51912 ls3216">rate </span><span class="pp-class-382 pa t51904 l51913 ls103">of </span><span class="pp-class-382 pa t51904 l51914 ls3382">2.0% </span><span class="pp-class-382 pa t51904 l51915 ls1099">has </span><span class="pp-class-382 pa t51904 l51916 ls1323">been </span><span class="pp-class-382 pa t51904 l51917 ls1237">applied </span><span class="pp-class-382 pa t51904 l51918 ls1110">(2023: </span><span class="pp-class-382 pa t51919 l3 ls3623">2.3%). </span><span class="pp-class-382 pa t51919 l51920 ls10900">Further, </span><span class="pp-class-382 pa t51919 l47676 ls858">the </span><span class="pp-class-382 pa t51919 l51921 ls1237">uncertainty </span><span class="pp-class-382 pa t51919 l51922 ls1080">in </span><span class="pp-class-382 pa t51919 l11769 ls858">the </span><span class="pp-class-382 pa t51919 l51923 ls2142">world </span><span class="pp-class-382 pa t51919 l22564 ls2489">economy </span><span class="pp-class-382 pa t51919 l51924 ls858">has </span><span class="pp-class-382 pa t51919 l51925 ls1323">been </span><span class="pp-class-382 pa t51919 l51926 ls1316">incorporated </span><span class="pp-class-382 pa t51919 l51927 ls1080">in </span><span class="pp-class-382 pa t51919 l49940 ls858">the </span><span class="pp-class-382 pa t51919 l51928 ls4305">forecast </span><span class="pp-class-382 pa t51919 l51929 ls3278">for </span><span class="pp-class-382 pa t51919 l51930 ls1323">2026 </span><span class="pp-class-382 pa t51919 l51931 ls302">and </span><span class="pp-class-382 pa t51932 l3 ls650">onwards. </span><span class="pp-class-382 pa t51932 l51933 ls858">The </span><span class="pp-class-382 pa t51932 l45594 ls4299">following </span><span class="pp-class-382 pa t51932 l49723 ls4275">assumptions </span><span class="pp-class-382 pa t51932 l51934 ls3278">for </span><span class="pp-class-382 pa t51932 l17160 ls7756">growth </span><span class="pp-class-382 pa t51932 l51935 ls2769">rates </span><span class="pp-class-382 pa t51932 l51936 ls185">have </span><span class="pp-class-382 pa t51932 l51937 ls1323">been </span><span class="pp-class-382 pa t51932 l51938 ls1237">applied </span><span class="pp-class-382 pa t51932 l51939 ls1759">to </span><span class="pp-class-382 pa t51932 l51940 ls1772">each </span><span class="pp-class-382 pa t51932 l51941 ls1868">CGU.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t51942 l3 ls1323">Ferry </span><span class="pp-class-376 pa t51942 l46975 ls7855">(CGUs):</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t51943 l3 ls155">North </span><span class="pp-class-382 pa t51943 l51602 ls897">Sea, </span><span class="pp-class-382 pa t51943 l51603 ls53">Baltic </span><span class="pp-class-382 pa t51943 l51604 ls858">Sea </span><span class="pp-class-382 pa t51943 l51605 ls302">&amp; </span><span class="pp-class-382 pa t51943 l51606 ls6360">Mediterranean: </span><span class="pp-class-382 pa t51943 l51944 ls1772">For </span><span class="pp-class-382 pa t51943 l51945 ls1323">2026-2029 </span><span class="pp-class-382 pa t51943 l51946 ls1323">EBIT </span><span class="pp-class-382 pa t51943 l51947 ls3382">grows </span><span class="pp-class-382 pa t51943 l51948 ls1323">with </span><span class="pp-class-382 pa t51943 l51949 ls7996">50.5%, </span><span class="pp-class-382 pa t51943 l51950 ls10809">19.3%, </span><span class="pp-class-382 pa t51943 l51951 ls3024">23.3% </span><span class="pp-class-382 pa t51943 l51952 ls1099">and </span><span class="pp-class-382 pa t51943 l51953 ls3230">20.2% </span><span class="pp-class-382 pa t51954 l3 ls2851">respectively </span><span class="pp-class-382 pa t51954 l51955 ls2889">corresponding </span><span class="pp-class-382 pa t51954 l51956 ls1759">to </span><span class="pp-class-382 pa t51954 l51957 ls302">a </span><span class="pp-class-382 pa t51954 l51958 ls2694">compound </span><span class="pp-class-382 pa t51954 l51959 ls2486">annual </span><span class="pp-class-382 pa t51954 l51960 ls7756">growth </span><span class="pp-class-382 pa t51954 l51961 ls3216">rate </span><span class="pp-class-382 pa t51954 l51962 ls103">of </span><span class="pp-class-382 pa t51954 l51963 ls858">28% </span><span class="pp-class-382 pa t51954 l37311 ls1759">(2023 </span><span class="pp-class-382 pa t51954 l51964 ls3278">for </span><span class="pp-class-382 pa t51954 l51965 ls2142">years </span><span class="pp-class-382 pa t51954 l25077 ls1323">2025-2028 </span><span class="pp-class-382 pa t51954 l51966 ls1323">EBIT </span><span class="pp-class-382 pa t51954 l51967 ls1194">growth </span><span class="pp-class-382 pa t51968 l3 ls1150">was </span><span class="pp-class-382 pa t51968 l51687 ls1080">in </span><span class="pp-class-382 pa t51968 l51969 ls858">the </span><span class="pp-class-382 pa t51968 l51970 ls2784">range </span><span class="pp-class-382 pa t51968 l51971 ls99">of: </span><span class="pp-class-382 pa t51968 l51972 ls20054">5.4% </span><span class="pp-class-382 pa t51968 l5849">- </span><span class="pp-class-382 pa t51968 l51973 ls2805">13.9%) </span><span class="pp-class-382 pa t51968 l51974 ls828">expected </span><span class="pp-class-382 pa t51968 l51269 ls7756">growth </span><span class="pp-class-382 pa t51968 l51975 ls1080">in </span><span class="pp-class-382 pa t51968 l51976 ls296">terminal </span><span class="pp-class-382 pa t51968 l51977 ls2486">period </span><span class="pp-class-382 pa t51968 l51978 ls1080">is </span><span class="pp-class-382 pa t51968 l51979 ls3382">2.0% </span><span class="pp-class-382 pa t51968 l51980 ls1759">(2023 </span><span class="pp-class-382 pa t51968 l51981 ls3623">2.3%). </span><span class="pp-class-382 pa t51968 l51982 ls858">The </span><span class="pp-class-382 pa t51968 l51983 ls7756">growth </span><span class="pp-class-382 pa t51968 l51984 ls2769">rates </span><span class="pp-class-382 pa t51968 l51985 ls2970">are </span><span class="pp-class-382 pa t51986 l3 ls2142">impacted </span><span class="pp-class-382 pa t51986 l51987 ls2784">by </span><span class="pp-class-382 pa t51986 l17407 ls858">the </span><span class="pp-class-382 pa t51986 l39207 ls3566">entry </span><span class="pp-class-382 pa t51986 l6031 ls103">of </span><span class="pp-class-382 pa t51986 l34841 ls302">a </span><span class="pp-class-382 pa t51986 l51988 ls2489">competitor </span><span class="pp-class-382 pa t51986 l42373 ls2486">during </span><span class="pp-class-382 pa t51986 l51989 ls1150">2024 </span><span class="pp-class-382 pa t51986 l51990 ls1759">which </span><span class="pp-class-382 pa t51986 l51991 ls3477">impacts </span><span class="pp-class-382 pa t51986 l51992 ls858">the </span><span class="pp-class-382 pa t51986 l51993 ls4305">forecast </span><span class="pp-class-382 pa t51986 l51994 ls3278">for </span><span class="pp-class-382 pa t51986 l51995 ls1323">2025 </span><span class="pp-class-382 pa t51986 l51996 ls14041">negatively. </span><span class="pp-class-382 pa t51997 l3 ls53">Management </span><span class="pp-class-382 pa t51997 l3968 ls858">has </span><span class="pp-class-382 pa t51997 l49944 ls3435">prepared </span><span class="pp-class-382 pa t51997 l51998 ls8853">weighted </span><span class="pp-class-382 pa t51997 l51999 ls2694">scenario </span><span class="pp-class-382 pa t51997 l52000 ls2531">analysis </span><span class="pp-class-382 pa t51997 l52001 ls3278">for </span><span class="pp-class-382 pa t51997 l52002 ls1099">the </span><span class="pp-class-382 pa t51997 l52003 ls806">impairment </span><span class="pp-class-382 pa t51997 l52004 ls1073">test </span><span class="pp-class-382 pa t51997 l52005 ls103">of </span><span class="pp-class-382 pa t51997 l52006 ls1099">the </span><span class="pp-class-382 pa t51997 l52007 ls2694">possible </span><span class="pp-class-382 pa t51997 l52008 ls806">outcome </span><span class="pp-class-382 pa t51997 l52009 ls103">of </span><span class="pp-class-382 pa t51997 l52010 ls302">the </span><span class="pp-class-382 pa t52011 l3 ls852">current </span><span class="pp-class-382 pa t52011 l46050 ls3623">market </span><span class="pp-class-382 pa t52011 l34319 ls5039">situation </span><span class="pp-class-382 pa t52011 l52012 ls858">and </span><span class="pp-class-382 pa t52011 l52013 ls828">expected </span><span class="pp-class-382 pa t52011 l52014 ls1237">changes </span><span class="pp-class-382 pa t52011 l52015 ls1080">in </span><span class="pp-class-382 pa t52011 l52016 ls1099">the </span><span class="pp-class-382 pa t52011 l52017 ls3105">competitive </span><span class="pp-class-382 pa t52011 l52018 ls4299">environment.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52019 l3 ls1083">Strait </span><span class="pp-class-382 pa t52019 l52020 ls103">of </span><span class="pp-class-382 pa t52019 l52021 ls2760">Gibraltar </span><span class="pp-class-382 pa t52019 l52022 ls1237">assumed </span><span class="pp-class-382 pa t52019 l52023 ls7756">growth </span><span class="pp-class-382 pa t52019 l32687 ls1080">in </span><span class="pp-class-382 pa t52019 l52024 ls1323">EBIT </span><span class="pp-class-382 pa t52019 l52025 ls3278">for </span><span class="pp-class-382 pa t52019 l52026 ls1323">2026-2029 </span><span class="pp-class-382 pa t52019 l52027 ls1080">is </span><span class="pp-class-382 pa t52019 l52028 ls2149">71.8%, </span><span class="pp-class-382 pa t52019 l52029 ls3446">26,0%, </span><span class="pp-class-382 pa t52019 l52030 ls1864">22.5% </span><span class="pp-class-382 pa t52019 l52031 ls858">and </span><span class="pp-class-382 pa t52019 l25482 ls16997">20.0% </span><span class="pp-class-382 pa t52019 l52032 ls4396">respectively </span><span class="pp-class-382 pa t52033 l3 ls2149">(corresponding </span><span class="pp-class-382 pa t52033 l52034 ls1759">to </span><span class="pp-class-382 pa t52033 l52035 ls302">a </span><span class="pp-class-382 pa t52033 l52036 ls2694">compound </span><span class="pp-class-382 pa t52033 l52037 ls2486">annual </span><span class="pp-class-382 pa t52033 l52038 ls7756">growth </span><span class="pp-class-382 pa t52033 l52039 ls3216">rate </span><span class="pp-class-382 pa t52033 l52040 ls103">of </span><span class="pp-class-382 pa t52033 l52041 ls1759">34%). </span><span class="pp-class-382 pa t52033 l52042 ls4299">Projections </span><span class="pp-class-382 pa t52033 l52043 ls4305">reflect </span><span class="pp-class-382 pa t52033 l52044 ls2143">several </span><span class="pp-class-382 pa t52033 l52045 ls319">one-offs </span><span class="pp-class-382 pa t52033 l52046 ls1080">in </span><span class="pp-class-382 pa t52033 l43795 ls1323">2025 </span><span class="pp-class-382 pa t52033 l52047 ls1099">due </span><span class="pp-class-382 pa t52033 l52048 ls302">to </span><span class="pp-class-382 pa t52049 l3 ls1150">closure </span><span class="pp-class-382 pa t52049 l52050 ls103">of </span><span class="pp-class-382 pa t52049 l52051 ls302">a </span><span class="pp-class-382 pa t52049 l52052 ls2688">route </span><span class="pp-class-382 pa t52049 l52053 ls858">and </span><span class="pp-class-382 pa t52049 l52054 ls806">subsequent </span><span class="pp-class-382 pa t52049 l52055 ls1319">alignment </span><span class="pp-class-382 pa t52049 l48211 ls1323">with </span><span class="pp-class-382 pa t52049 l50447 ls2970">Mediterranean </span><span class="pp-class-382 pa t52049 l52056 ls1323">EBIT </span><span class="pp-class-382 pa t52049 l18691 ls1150">margins.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t43544 l3 ls858">The </span><span class="pp-class-382 pa t43544 l16631 ls1237">English </span><span class="pp-class-382 pa t43544 l50544 ls2694">Channel, </span><span class="pp-class-382 pa t43544 l52057 ls2127">Amsterdam </span><span class="pp-class-382 pa t43544 l23484">- </span><span class="pp-class-382 pa t43544 l47238 ls6007">Newcastle </span><span class="pp-class-382 pa t43544 l52058 ls1099">and </span><span class="pp-class-382 pa t43544 l48196 ls2889">Jersey </span><span class="pp-class-382 pa t43544 l52059 ls185">have </span><span class="pp-class-382 pa t43544 l52060 ls1080">no </span><span class="pp-class-382 pa t43544 l52061 ls2694">goodwill.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t52062 l3 ls1073">Logistics </span><span class="pp-class-376 pa t52062 l46151 ls4305">(CGU):</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52063 l3 ls2944">Projected </span><span class="pp-class-382 pa t52063 l50887 ls1323">EBIT </span><span class="pp-class-382 pa t52063 l52064 ls7756">growth </span><span class="pp-class-382 pa t52063 l16345 ls1080">in </span><span class="pp-class-382 pa t52063 l52065 ls819">Logistics, </span><span class="pp-class-382 pa t52063 l52066 ls3458">excluding </span><span class="pp-class-382 pa t52063 l52067 ls1244">Ekol, </span><span class="pp-class-382 pa t52063 l52068 ls3278">for </span><span class="pp-class-382 pa t52063 l52069 ls1323">2026-2029 </span><span class="pp-class-382 pa t52063 l52070 ls2486">equals </span><span class="pp-class-382 pa t52063 l52071 ls18115">3.0%, </span><span class="pp-class-382 pa t52063 l52072 ls2851">6.1%, </span><span class="pp-class-382 pa t52063 l52073 ls1176">5.3% </span><span class="pp-class-382 pa t52063 l52074 ls1099">and </span><span class="pp-class-382 pa t52063 l52075 ls650">2.0% </span><span class="pp-class-382 pa t52076 l3 ls2851">respectively </span><span class="pp-class-382 pa t52076 l51955 ls1759">(2023 </span><span class="pp-class-382 pa t52076 l52077 ls3278">for </span><span class="pp-class-382 pa t52076 l31023 ls2142">years </span><span class="pp-class-382 pa t52076 l52078 ls1323">2025-2028 </span><span class="pp-class-382 pa t52076 l52079 ls1323">EBIT </span><span class="pp-class-382 pa t52076 l52080 ls7756">growth </span><span class="pp-class-382 pa t52076 l52081 ls1150">was </span><span class="pp-class-382 pa t52076 l52082 ls1080">in </span><span class="pp-class-382 pa t52076 l52083 ls858">the </span><span class="pp-class-382 pa t52076 l52084 ls2784">range </span><span class="pp-class-382 pa t52076 l52085 ls99">of: </span><span class="pp-class-382 pa t52076 l52086 ls650">8.2% </span><span class="pp-class-382 pa t52076 l52087">- </span><span class="pp-class-382 pa t52076 l52088 ls2486">22.2%) </span><span class="pp-class-382 pa t52076 l52089 ls858">and </span><span class="pp-class-382 pa t52076 l44944 ls7756">growth </span><span class="pp-class-382 pa t52076 l52090 ls1080">in </span><span class="pp-class-382 pa t52076 l52091 ls302">the </span><span class="pp-class-382 pa t52092 l3 ls296">terminal </span><span class="pp-class-382 pa t52092 l52093 ls2486">period </span><span class="pp-class-382 pa t52092 l47570 ls1080">is </span><span class="pp-class-382 pa t52092 l52094 ls3382">2.0% </span><span class="pp-class-382 pa t52092 l52095 ls6360">(2023:2.3%). </span><span class="pp-class-382 pa t52092 l48011 ls15093">Total </span><span class="pp-class-382 pa t52092 l52096 ls1073">logistics </span><span class="pp-class-382 pa t52092 l52097 ls1323">EBIT </span><span class="pp-class-382 pa t52092 l52098 ls7756">growth </span><span class="pp-class-382 pa t52092 l52099 ls1080">in </span><span class="pp-class-382 pa t52092 l52100 ls1323">2026-2029 </span><span class="pp-class-382 pa t52092 l52101 ls2486">equals </span><span class="pp-class-382 pa t52092 l52102 ls45773">175.0% </span><span class="pp-class-382 pa t52092 l52103 ls19370">13.3%, </span><span class="pp-class-382 pa t52092 l52104 ls2854">24.1% </span><span class="pp-class-382 pa t52092 l52105 ls302">and </span><span class="pp-class-382 pa t52106 l3 ls21295">8.4% </span><span class="pp-class-382 pa t52106 l44061 ls2851">respectively </span><span class="pp-class-382 pa t52106 l52107 ls2149">(corresponding </span><span class="pp-class-382 pa t52106 l52108 ls1759">to </span><span class="pp-class-382 pa t52106 l42480 ls302">a </span><span class="pp-class-382 pa t52106 l52109 ls2694">compound </span><span class="pp-class-382 pa t52106 l52110 ls2486">annual </span><span class="pp-class-382 pa t52106 l52111 ls7756">growth </span><span class="pp-class-382 pa t52106 l52112 ls3216">rate </span><span class="pp-class-382 pa t52106 l52113 ls103">of </span><span class="pp-class-382 pa t52106 l52043 ls1759">43%). </span><span class="pp-class-382 pa t52106 l52114 ls1323">EBIT </span><span class="pp-class-382 pa t52106 l52115 ls7756">growth </span><span class="pp-class-382 pa t52106 l52116 ls103">of </span><span class="pp-class-382 pa t52106 l52117 ls45773">175.0% </span><span class="pp-class-382 pa t52106 l52118 ls1243">from </span><span class="pp-class-382 pa t52106 l52119 ls1955">2025 </span><span class="pp-class-382 pa t52120 l3 ls1759">to </span><span class="pp-class-382 pa t52120 l29588 ls2851">2026, </span><span class="pp-class-382 pa t52120 l52121 ls1080">is </span><span class="pp-class-382 pa t52120 l18307 ls2149">mainly </span><span class="pp-class-382 pa t52120 l7606 ls238">caused </span><span class="pp-class-382 pa t52120 l45152 ls2784">by </span><span class="pp-class-382 pa t52120 l52122 ls658">one-off </span><span class="pp-class-382 pa t52120 l52123 ls1118">items </span><span class="pp-class-382 pa t52120 l49530 ls1080">in </span><span class="pp-class-382 pa t52120 l52124 ls1323">2025 </span><span class="pp-class-382 pa t52120 l52125 ls5069">linked </span><span class="pp-class-382 pa t52120 l52126 ls1759">to </span><span class="pp-class-382 pa t52120 l52127 ls1463">integration </span><span class="pp-class-382 pa t52120 l52128 ls1099">and </span><span class="pp-class-382 pa t52120 l51543 ls2970">turnaround </span><span class="pp-class-382 pa t52120 l52129 ls2486">costs, </span><span class="pp-class-382 pa t52120 l52130 ls858">and </span><span class="pp-class-382 pa t52120 l52131 ls53">later </span><span class="pp-class-382 pa t52132 l3 ls1083">returning </span><span class="pp-class-382 pa t52132 l52133 ls1759">to </span><span class="pp-class-382 pa t52132 l52134 ls1323">2023 </span><span class="pp-class-382 pa t52132 l52135 ls1323">EBIT </span><span class="pp-class-382 pa t52132 l52136 ls1243">levels. </span><span class="pp-class-382 pa t52132 l9810 ls14357">Turnaround </span><span class="pp-class-382 pa t52132 l52137 ls2127">initiatives </span><span class="pp-class-382 pa t52132 l52138 ls296">include </span><span class="pp-class-382 pa t52132 l52139 ls2944">operational </span><span class="pp-class-382 pa t52132 l52140 ls4279">improvements, </span><span class="pp-class-382 pa t52132 l52141 ls803">optimisation </span><span class="pp-class-382 pa t52132 l52142 ls103">of </span><span class="pp-class-382 pa t52132 l52143 ls58">asset </span><span class="pp-class-382 pa t52144 l3 ls1701">base, </span><span class="pp-class-382 pa t52144 l28726 ls1237">pricing </span><span class="pp-class-382 pa t52144 l52145 ls2127">initiatives </span><span class="pp-class-382 pa t52144 l18362 ls858">and </span><span class="pp-class-382 pa t52144 l52146 ls1772">addition </span><span class="pp-class-382 pa t52144 l21136 ls103">of </span><span class="pp-class-382 pa t52144 l35485 ls2970">commercial </span><span class="pp-class-382 pa t52144 l44528 ls1316">resources. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52147 l3 ls806">Impairment </span><span class="pp-class-382 pa t52147 l52052 ls1118">tests </span><span class="pp-class-382 pa t52147 l52148 ls1321">performed </span><span class="pp-class-382 pa t52147 l52149 ls1080">in </span><span class="pp-class-382 pa t52147 l52150 ls1150">2024 </span><span class="pp-class-382 pa t52147 l44013 ls858">did </span><span class="pp-class-382 pa t52147 l52151 ls830">not </span><span class="pp-class-382 pa t52147 l40455 ls1237">trigger </span><span class="pp-class-382 pa t52147 l52152 ls3278">any </span><span class="pp-class-382 pa t52147 l52153 ls806">impairment </span><span class="pp-class-382 pa t52147 l52154 ls2486">losses </span><span class="pp-class-382 pa t52147 l52155 ls1080">on </span><span class="pp-class-382 pa t52147 l38095 ls858">the </span><span class="pp-class-382 pa t52147 l52156 ls1323">CGUs’ </span><span class="pp-class-382 pa t52147 l52157 ls187">assets. </span></p></div></div><div class="pp-class-10" id="pp-id-5198" xmlns="http://www.w3.org/1999/xhtml"><div class="w52159 h43637 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2142">3.1.4 </span><span class="pp-class-370 pa t21055 l43638 ls907">Impairment </span><span class="pp-class-370 pa t21055 l51287">testing </span><span class="pp-class-371 pa t21055 l52160 ls155">(continued)</span></p></div></div><div id="pp-id-5199" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h52161 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t328 l3 ls3105">Determination </span><span class="pp-class-383 pa t328 l52162 ls1080">of </span><span class="pp-class-383 pa t328 l52163 ls830">discount </span><span class="pp-class-383 pa t328 l19035 ls2848">rate</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52164 l3 ls1298 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t52164 l52165 ls1759 wtro3159 wtr1293 tro3160 tr1294">discount </span><span class="pp-class-382 pa t52164 l52166 ls2848 wtro3159 wtr1293 tro3160 tr1294">rate </span><span class="pp-class-382 pa t52164 l52167 ls296 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t52164 l52168 ls1298 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52164 l52169 ls3623 wtro3159 wtr1293 tro3160 tr1294">year-end </span><span class="pp-class-382 pa t52164 l52170 ls3105 wtro3159 wtr1293 tro3160 tr1294">2024 </span><span class="pp-class-382 pa t52164 l52171 ls1077 wtro3159 wtr1293 tro3160 tr1294">impairment </span><span class="pp-class-382 pa t52164 l38809 ls1077 wtro3159 wtr1293 tro3160 tr1294">testing </span><span class="pp-class-382 pa t52164 l52172 ls1323 wtro3159 wtr1293 tro3160 tr1294">purposes </span><span class="pp-class-382 pa t52164 l52173 ls1955 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52164 l52174 ls1099 wtro3159 wtr1293 tro3160 tr1294">based </span><span class="pp-class-382 pa t52164 l52175 ls1955 wtro3159 wtr1293 tro3160 tr1294">on </span><span class="pp-class-382 pa t52164 l52176 ls124 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-382 pa t52164 l52177 ls1271 wtro3159 wtr1293 tro3160 tr1294">calculation </span><span class="pp-class-382 pa t52164 l52178 ls1065 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52164 l52179 ls1955 wtro3159 wtr1293 tro3160 tr1294">DFDS’ </span><span class="pp-class-382 pa t52180 l3 ls2088 wtro3159 wtr1293 tro3160 tr1294">weighted </span><span class="pp-class-382 pa t52180 l52181 ls1057 wtro3159 wtr1293 tro3160 tr1294">average </span><span class="pp-class-382 pa t52180 l52182 ls3572 wtro3159 wtr1293 tro3160 tr1294">cost </span><span class="pp-class-382 pa t52180 l52183 ls1065 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52180 l1730 ls1077 wtro3159 wtr1293 tro3160 tr1294">capital </span><span class="pp-class-382 pa t52180 l52184 ls1736 wtro3159 wtr1293 tro3160 tr1294">(WACC). </span><span class="pp-class-382 pa t52180 l52185 ls1298 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t52180 l52186 ls3572 wtro3159 wtr1293 tro3160 tr1294">cost </span><span class="pp-class-382 pa t52180 l52187 ls1065 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52180 l52188 ls1257 wtro3159 wtr1293 tro3160 tr1294">equity </span><span class="pp-class-382 pa t52180 l52189 ls1955 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52180 l52190 ls1099 wtro3159 wtr1293 tro3160 tr1294">based </span><span class="pp-class-382 pa t52180 l52191 ls1955 wtro3159 wtr1293 tro3160 tr1294">on </span><span class="pp-class-382 pa t52180 l52192 ls124 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-382 pa t52180 l52193 ls2955 wtro3159 wtr1293 tro3160 tr1294">risk-free </span><span class="pp-class-382 pa t52180 l52194 ls2848 wtro3159 wtr1293 tro3160 tr1294">rate </span><span class="pp-class-382 pa t52180 l52195 ls187 wtro3159 wtr1293 tro3160 tr1294">plus </span><span class="pp-class-382 pa t52180 l52196 ls182 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-382 pa t52180 l52197 ls2854 wtro3159 wtr1293 tro3160 tr1294">market </span><span class="pp-class-382 pa t52180 l52198 ls658 wtro3159 wtr1293 tro3160 tr1294">risk </span><span class="pp-class-382 pa t52199 l3 ls2088 wtro3159 wtr1293 tro3160 tr1294">premium. </span><span class="pp-class-382 pa t52199 l2278 ls1298 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t52199 l52200 ls2955 wtro3159 wtr1293 tro3160 tr1294">risk-free </span><span class="pp-class-382 pa t52199 l52201 ls8853 wtro3159 wtr1293 tro3160 tr1294">interest </span><span class="pp-class-382 pa t52199 l52202 ls2848 wtro3159 wtr1293 tro3160 tr1294">rate </span><span class="pp-class-382 pa t52199 l52203 ls1955 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52199 l52204 ls1099 wtro3159 wtr1293 tro3160 tr1294">based </span><span class="pp-class-382 pa t52199 l52205 ls1955 wtro3159 wtr1293 tro3160 tr1294">on </span><span class="pp-class-382 pa t52199 l52206 ls124 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-382 pa t52199 l52207 ls3278 wtro3159 wtr1293 tro3160 tr1294">10-year </span><span class="pp-class-382 pa t52199 l52208 ls1257 wtro3159 wtr1293 tro3160 tr1294">Danish </span><span class="pp-class-382 pa t52199 l52209 ls2955 wtro3159 wtr1293 tro3160 tr1294">risk-free </span><span class="pp-class-382 pa t52199 l52210 ls2848 wtro3159 wtr1293 tro3160 tr1294">rate </span><span class="pp-class-382 pa t52199 l52211 ls858 wtro3159 wtr1293 tro3160 tr1294">which </span><span class="pp-class-382 pa t52199 l52212 ls2854 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t52199 l52213 ls1298 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52199 l52214 ls1298 wtro3159 wtr1293 tro3160 tr1294">end </span><span class="pp-class-382 pa t52199 l52215 ls1065 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52199 l52216 ls3105 wtro3159 wtr1293 tro3160 tr1294">2024 </span><span class="pp-class-382 pa t52199 l52217 ls1955 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52199 l52218 ls658 wtro3159 wtr1293 tro3160 tr1294">2.1% </span><span class="pp-class-382 pa t52219 l3 ls1257 wtro3159 wtr1293 tro3160 tr1294">(2023: </span><span class="pp-class-382 pa t52219 l52220 ls11799 wtro3159 wtr1293 tro3160 tr1294">3.0%). </span><span class="pp-class-382 pa t52219 l52221 ls1298 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t52219 l52222 ls2854 wtro3159 wtr1293 tro3160 tr1294">market </span><span class="pp-class-382 pa t52219 l52223 ls3572 wtro3159 wtr1293 tro3160 tr1294">risk </span><span class="pp-class-382 pa t52219 l52224 ls2889 wtro3159 wtr1293 tro3160 tr1294">premium </span><span class="pp-class-382 pa t52219 l52225 ls1955 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52219 l52226 ls2489 wtro3159 wtr1293 tro3160 tr1294">calculated </span><span class="pp-class-382 pa t52219 l52227 ls1955 wtro3159 wtr1293 tro3160 tr1294">as </span><span class="pp-class-382 pa t52219 l52228 ls124 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-382 pa t52219 l52229 ls2889 wtro3159 wtr1293 tro3160 tr1294">general </span><span class="pp-class-382 pa t52219 l52230 ls1257 wtro3159 wtr1293 tro3160 tr1294">equity </span><span class="pp-class-382 pa t52219 l52231 ls2854 wtro3159 wtr1293 tro3160 tr1294">market </span><span class="pp-class-382 pa t52219 l52232 ls3572 wtro3159 wtr1293 tro3160 tr1294">risk </span><span class="pp-class-382 pa t52219 l25128 ls2889 wtro3159 wtr1293 tro3160 tr1294">premium </span><span class="pp-class-382 pa t52219 l52233 ls1065 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52219 l52234 ls14019 wtro3159 wtr1293 tro3160 tr1294">5.5% </span><span class="pp-class-382 pa t52219 l52235 ls85 wtro3159 wtr1293 tro3160 tr1294">(2023: </span><span class="pp-class-382 pa t14070 l3 ls3003 wtro3159 wtr1293 tro3160 tr1294">5.9%) </span><span class="pp-class-382 pa t14070 l52236 ls1319 wtro3159 wtr1293 tro3160 tr1294">multiplied </span><span class="pp-class-382 pa t14070 l52237 ls1150 wtro3159 wtr1293 tro3160 tr1294">by </span><span class="pp-class-382 pa t14070 l52238 ls1298 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t14070 l52239 ls2459 wtro3159 wtr1293 tro3160 tr1294">leveraged </span><span class="pp-class-382 pa t14070 l52240 ls3474 wtro3159 wtr1293 tro3160 tr1294">beta </span><span class="pp-class-382 pa t14070 l52241 ls2970 wtro3159 wtr1293 tro3160 tr1294">value </span><span class="pp-class-382 pa t14070 l52242 ls296 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t14070 l15070 ls3572 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-382 pa t14070 l52243 ls1065 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t14070 l52244 ls185 wtro3159 wtr1293 tro3160 tr1294">1.52 </span><span class="pp-class-382 pa t14070 l52245 ls1257 wtro3159 wtr1293 tro3160 tr1294">(2023: </span><span class="pp-class-382 pa t14070 l52246 ls1257 wtro3159 wtr1293 tro3160 tr1294">1.26). </span><span class="pp-class-382 pa t14070 l52247 ls1298 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t14070 l52248 ls2459 wtro3159 wtr1293 tro3160 tr1294">leveraged </span><span class="pp-class-382 pa t14070 l52249 ls3474 wtro3159 wtr1293 tro3160 tr1294">beta </span><span class="pp-class-382 pa t14070 l52250 ls2970 wtro3159 wtr1293 tro3160 tr1294">value </span><span class="pp-class-382 pa t14070 l52251 ls58 wtro3159 wtr1293 tro3160 tr1294">applied </span><span class="pp-class-382 pa t14070 l52252 ls1941 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t52253 l3 ls3623 wtro3159 wtr1293 tro3160 tr1294">year-end </span><span class="pp-class-382 pa t52253 l52254 ls3105 wtro3159 wtr1293 tro3160 tr1294">2024 </span><span class="pp-class-382 pa t52253 l52255 ls1955 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52253 l52256 ls2489 wtro3159 wtr1293 tro3160 tr1294">calculated </span><span class="pp-class-382 pa t52253 l52257 ls1150 wtro3159 wtr1293 tro3160 tr1294">by </span><span class="pp-class-382 pa t52253 l31338 ls1319 wtro3159 wtr1293 tro3160 tr1294">obtaining </span><span class="pp-class-382 pa t52253 l52258 ls1298 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52253 l52259 ls646 wtro3159 wtr1293 tro3160 tr1294">unlevered </span><span class="pp-class-382 pa t52253 l52260 ls3474 wtro3159 wtr1293 tro3160 tr1294">beta </span><span class="pp-class-382 pa t52253 l52261 ls2970 wtro3159 wtr1293 tro3160 tr1294">value </span><span class="pp-class-382 pa t52253 l52262 ls1065 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52253 l52263 ls3572 wtro3159 wtr1293 tro3160 tr1294">peer </span><span class="pp-class-382 pa t52253 l52264 ls1244 wtro3159 wtr1293 tro3160 tr1294">group </span><span class="pp-class-382 pa t52253 l52265 ls1224 wtro3159 wtr1293 tro3160 tr1294">companies </span><span class="pp-class-382 pa t52253 l52266 ls1298 wtro3159 wtr1293 tro3160 tr1294">via </span><span class="pp-class-382 pa t52253 l52267 ls1298 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52253 l52268 ls1077 wtro3159 wtr1293 tro3160 tr1294">Capital </span><span class="pp-class-382 pa t52253 l52269 ls78 wtro3159 wtr1293 tro3160 tr1294">IQ </span><span class="pp-class-382 pa t43422 l3 ls3105 wtro3159 wtr1293 tro3160 tr1294">database. </span><span class="pp-class-382 pa t43422 l52270 ls3572 wtro3159 wtr1293 tro3160 tr1294">This </span><span class="pp-class-382 pa t43422 l52271 ls3474 wtro3159 wtr1293 tro3160 tr1294">beta </span><span class="pp-class-382 pa t43422 l52272 ls2970 wtro3159 wtr1293 tro3160 tr1294">value </span><span class="pp-class-382 pa t43422 l52273 ls1955 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t43422 l52274 ls3572 wtro3159 wtr1293 tro3160 tr1294">then </span><span class="pp-class-382 pa t43422 l52275 ls2531 wtro3159 wtr1293 tro3160 tr1294">re-levered </span><span class="pp-class-382 pa t43422 l52276 ls1955 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-382 pa t43422 l52277 ls2970 wtro3159 wtr1293 tro3160 tr1294">accordance </span><span class="pp-class-382 pa t43422 l52278 ls3572 wtro3159 wtr1293 tro3160 tr1294">with </span><span class="pp-class-382 pa t43422 l52279 ls1298 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t43422 l20882 ls185 wtro3159 wtr1293 tro3160 tr1294">Group’s </span><span class="pp-class-382 pa t43422 l52280 ls2970 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t43422 l52281 ls1077 wtro3159 wtr1293 tro3160 tr1294">capital </span><span class="pp-class-382 pa t43422 l52282 ls1150 wtro3159 wtr1293 tro3160 tr1294">structure. </span><span class="pp-class-382 pa t43422 l52283 ls1298 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t43422 l46582 ls658 wtro3159 wtr1293 tro3160 tr1294">cost </span><span class="pp-class-382 pa t52284 l3 ls1065 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52284 l52285 ls276 wtro3159 wtr1293 tro3160 tr1294">debt </span><span class="pp-class-382 pa t52284 l52286 ls1955 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52284 l29113 ls858 wtro3159 wtr1293 tro3160 tr1294">based </span><span class="pp-class-382 pa t52284 l52287 ls1955 wtro3159 wtr1293 tro3160 tr1294">on </span><span class="pp-class-382 pa t52284 l14698 ls1244 wtro3159 wtr1293 tro3160 tr1294">interest-bearing </span><span class="pp-class-382 pa t52284 l52288 ls1148 wtro3159 wtr1293 tro3160 tr1294">borrowings </span><span class="pp-class-382 pa t52284 l52289 ls4396 wtro3159 wtr1293 tro3160 tr1294">recently </span><span class="pp-class-382 pa t52284 l52290 ls1319 wtro3159 wtr1293 tro3160 tr1294">obtained </span><span class="pp-class-382 pa t52284 l52291 ls1150 wtro3159 wtr1293 tro3160 tr1294">by </span><span class="pp-class-382 pa t52284 l52292 ls1298 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52284 l52293 ls1244 wtro3159 wtr1293 tro3160 tr1294">Group </span><span class="pp-class-382 pa t52284 l52294 ls187 wtro3159 wtr1293 tro3160 tr1294">plus </span><span class="pp-class-382 pa t52284 l52295 ls1298 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52284 l52296 ls2955 wtro3159 wtr1293 tro3160 tr1294">risk-free </span><span class="pp-class-382 pa t52284 l52297 ls1818 wtro3159 wtr1293 tro3160 tr1294">interest. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52298 l3 ls2694">Uncertainties </span><span class="pp-class-382 pa t52298 l52299 ls1080">in </span><span class="pp-class-382 pa t52298 l24500 ls858">the </span><span class="pp-class-382 pa t52298 l52300 ls2486">global </span><span class="pp-class-382 pa t52298 l46957 ls2489">economy </span><span class="pp-class-382 pa t52298 l52301 ls1323">such </span><span class="pp-class-382 pa t52298 l52302 ls1080">as </span><span class="pp-class-382 pa t52298 l52303 ls858">the </span><span class="pp-class-382 pa t52298 l52304 ls728">impact </span><span class="pp-class-382 pa t52298 l52305 ls1243">from </span><span class="pp-class-382 pa t52298 l52306 ls1099">the </span><span class="pp-class-382 pa t52298 l52307 ls1150">war </span><span class="pp-class-382 pa t52298 l52308 ls1080">in </span><span class="pp-class-382 pa t52298 l52309 ls2944">Ukraine, </span><span class="pp-class-382 pa t52298 l52310 ls2944">volatile </span><span class="pp-class-382 pa t52298 l52311 ls3377">currency </span><span class="pp-class-382 pa t52298 l52312 ls858">and </span><span class="pp-class-382 pa t52298 l52313 ls1955">high </span><span class="pp-class-382 pa t52314 l3 ls2784">interest </span><span class="pp-class-382 pa t52314 l52315 ls3216">rate </span><span class="pp-class-382 pa t52314 l30799 ls1080">in </span><span class="pp-class-382 pa t52314 l52316 ls3003">Türkiye </span><span class="pp-class-382 pa t52314 l52317 ls800">are </span><span class="pp-class-382 pa t52314 l4233 ls2784">taken </span><span class="pp-class-382 pa t52314 l52318 ls3474">into </span><span class="pp-class-382 pa t52314 l52319 ls852">consideration </span><span class="pp-class-382 pa t52314 l52320 ls1080">in </span><span class="pp-class-382 pa t52314 l52321 ls858">the </span><span class="pp-class-382 pa t52314 l52322 ls2784">forecasts </span><span class="pp-class-382 pa t52314 l52323 ls2784">where </span><span class="pp-class-382 pa t52314 l52324 ls2132">relevant </span><span class="pp-class-382 pa t52314 l52325 ls195">(e.g. </span><span class="pp-class-382 pa t52314 l52326 ls852">freight </span><span class="pp-class-382 pa t52314 l52327 ls800">rates, </span><span class="pp-class-382 pa t52328 l3 ls1073">passenger </span><span class="pp-class-382 pa t52328 l52329 ls858">and </span><span class="pp-class-382 pa t52328 l44902 ls852">freight </span><span class="pp-class-382 pa t52328 l52330 ls3623">volumes).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52331 l3 ls858">The </span><span class="pp-class-382 pa t52331 l16631 ls1118">pre-tax </span><span class="pp-class-382 pa t52331 l52332 ls830">discount </span><span class="pp-class-382 pa t52331 l52333 ls2769">rates </span><span class="pp-class-382 pa t52331 l46957 ls1237">applied </span><span class="pp-class-382 pa t52331 l52334 ls185">have </span><span class="pp-class-382 pa t52331 l52335 ls1323">been </span><span class="pp-class-382 pa t52331 l52336 ls858">the </span><span class="pp-class-382 pa t52331 l52337 ls4299">following </span><span class="pp-class-382 pa t52331 l52338 ls1080">in </span><span class="pp-class-382 pa t52331 l52339 ls1099">the </span><span class="pp-class-382 pa t52331 l52340 ls1150">two </span><span class="pp-class-382 pa t52331 l52341 ls830">segments:</span></p></div></div><div id="pp-id-5200" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h52342 pa t2 l3 wtro4 xx65 tro6 xx66"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2738 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t2738 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3075 l3 ls93">Ferry </span><span class="pp-class-372 pa t3075 l9449">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3075 l52343 ls2805">6.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3075 l52344 ls3137">7.4%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52345 l3">Logistics </span><span class="pp-class-372 pa t52345 l52346">Division</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52345 l52343 ls2805">6.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52345 l52344 ls3137">7.4%</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5201" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h52347 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t328 l3 ls1118">Sensitivity </span><span class="pp-class-383 pa t328 l20164 ls7096">analysis</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52164 l3 ls1080">As </span><span class="pp-class-382 pa t52164 l50750 ls658">part </span><span class="pp-class-382 pa t52164 l52348 ls103">of </span><span class="pp-class-382 pa t52164 l52349 ls858">the </span><span class="pp-class-382 pa t52164 l52350 ls3630">preparation </span><span class="pp-class-382 pa t52164 l52351 ls103">of </span><span class="pp-class-382 pa t52164 l52352 ls806">impairment </span><span class="pp-class-382 pa t52164 l17209 ls1319">tests, </span><span class="pp-class-382 pa t52164 l52353 ls1118">sensitivity </span><span class="pp-class-382 pa t52164 l52354 ls2531">analysis </span><span class="pp-class-382 pa t52164 l52355 ls1080">is </span><span class="pp-class-382 pa t52164 l52356 ls3435">prepared </span><span class="pp-class-382 pa t52164 l49864 ls1759">based </span><span class="pp-class-382 pa t52164 l52357 ls1080">on </span><span class="pp-class-382 pa t52164 l52358 ls2132">relevant </span><span class="pp-class-382 pa t52164 l52359 ls1323">risk </span><span class="pp-class-382 pa t52164 l52360 ls960">factors </span><span class="pp-class-382 pa t52180 l3 ls858">and </span><span class="pp-class-382 pa t52180 l29386 ls1073">scenarios </span><span class="pp-class-382 pa t52180 l52361 ls6360">that </span><span class="pp-class-382 pa t52180 l52362 ls53">Management </span><span class="pp-class-382 pa t52180 l48481 ls858">can </span><span class="pp-class-382 pa t52180 l24144 ls3278">determine </span><span class="pp-class-382 pa t52180 l52363 ls1323">with </span><span class="pp-class-382 pa t52180 l52364 ls2970">reasonable </span><span class="pp-class-382 pa t52180 l52365 ls2143">reliability. </span><span class="pp-class-382 pa t52180 l52366 ls1118">Sensitivity </span><span class="pp-class-382 pa t52180 l52367 ls2531">analysis </span><span class="pp-class-382 pa t52180 l52368 ls1080">is </span><span class="pp-class-382 pa t52180 l52369 ls3435">prepared </span><span class="pp-class-382 pa t52180 l52370 ls1319">by </span><span class="pp-class-382 pa t52199 l3 ls1101">altering </span><span class="pp-class-382 pa t52199 l52371 ls858">the </span><span class="pp-class-382 pa t52199 l52372 ls3105">estimates </span><span class="pp-class-382 pa t52199 l52373 ls1305">until </span><span class="pp-class-382 pa t52199 l52374 ls1080">it </span><span class="pp-class-382 pa t52199 l52375 ls1243">reaches </span><span class="pp-class-382 pa t52199 l52376 ls302">a </span><span class="pp-class-382 pa t52199 l52377 ls1305">point </span><span class="pp-class-382 pa t52199 l52378 ls2784">where </span><span class="pp-class-382 pa t52199 l52379 ls1099">the </span><span class="pp-class-382 pa t52199 l52380 ls1083">value </span><span class="pp-class-382 pa t52199 l52381 ls1080">in </span><span class="pp-class-382 pa t52199 l52382 ls1099">use </span><span class="pp-class-382 pa t52199 l52383 ls1080">is </span><span class="pp-class-382 pa t52199 l52384 ls1759">equal </span><span class="pp-class-382 pa t52199 l52385 ls1759">to </span><span class="pp-class-382 pa t52199 l52386 ls858">the </span><span class="pp-class-382 pa t52199 l52387 ls1099">carrying </span><span class="pp-class-382 pa t52199 l52388 ls103">amount. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52219 l3 ls1759">Using </span><span class="pp-class-382 pa t52219 l52389 ls858">the </span><span class="pp-class-382 pa t52219 l52390 ls830">discount </span><span class="pp-class-382 pa t52219 l17274 ls3216">rate </span><span class="pp-class-382 pa t52219 l52391 ls103">of </span><span class="pp-class-382 pa t52219 l52392 ls3387">6.8% </span><span class="pp-class-382 pa t52219 l52393 ls858">and </span><span class="pp-class-382 pa t52219 l52394 ls6360">keeping </span><span class="pp-class-382 pa t52219 l50585 ls858">all </span><span class="pp-class-382 pa t52219 l52395 ls296">other </span><span class="pp-class-382 pa t52219 l47020 ls4275">assumptions </span><span class="pp-class-382 pa t52219 l52396 ls819">constant, </span><span class="pp-class-382 pa t52219 l52397 ls858">the </span><span class="pp-class-382 pa t52219 l52398 ls1073">Logistics </span><span class="pp-class-382 pa t52219 l52399 ls858">CGU </span><span class="pp-class-382 pa t52219 l52400 ls1083">showed </span><span class="pp-class-382 pa t14070 l3 ls1316">headroom </span><span class="pp-class-382 pa t14070 l16232 ls103">of </span><span class="pp-class-382 pa t14070 l34495 ls858">DKK </span><span class="pp-class-382 pa t14070 l52401 ls1323">869m </span><span class="pp-class-382 pa t14070 l34246 ls1244">between </span><span class="pp-class-382 pa t14070 l52402 ls858">the </span><span class="pp-class-382 pa t14070 l34329 ls1083">value </span><span class="pp-class-382 pa t14070 l52403 ls1080">in </span><span class="pp-class-382 pa t14070 l41743 ls1099">use </span><span class="pp-class-382 pa t14070 l52404 ls858">and </span><span class="pp-class-382 pa t14070 l52405 ls1099">the </span><span class="pp-class-382 pa t14070 l52406 ls1099">carrying </span><span class="pp-class-382 pa t14070 l52407 ls1305">amount</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t43422 l3 ls1077">For </span><span class="pp-class-382 pa t43422 l52408 ls1955">the </span><span class="pp-class-382 pa t43422 l52409 ls3572">logistics </span><span class="pp-class-382 pa t43422 l52410 ls3278">CGU, </span><span class="pp-class-382 pa t43422 l52411 ls2482">an </span><span class="pp-class-382 pa t43422 l52412 ls1772">increase </span><span class="pp-class-382 pa t43422 l52413 ls2482">in </span><span class="pp-class-382 pa t43422 l52414 ls1955">the </span><span class="pp-class-382 pa t43422 l52415 ls858">discount </span><span class="pp-class-382 pa t43422 l52416 ls2955">rate </span><span class="pp-class-382 pa t43422 l52417 ls2835">of </span><span class="pp-class-382 pa t43422 l52418 ls6100">0.76%-points, </span><span class="pp-class-382 pa t43422 l52419 ls1955">all </span><span class="pp-class-382 pa t43422 l52420 ls58">other </span><span class="pp-class-382 pa t43422 l52421 ls3566">things </span><span class="pp-class-382 pa t43422 l52422 ls1080">being </span><span class="pp-class-382 pa t43422 l52423 ls3566">equal, </span><span class="pp-class-382 pa t43422 l52424 ls1759">would </span><span class="pp-class-382 pa t52284 l3 ls1080">bring </span><span class="pp-class-382 pa t52284 l52425 ls1955">the </span><span class="pp-class-382 pa t52284 l52426 ls5039">value </span><span class="pp-class-382 pa t52284 l52427 ls2482">in </span><span class="pp-class-382 pa t52284 l38777 ls1955">use </span><span class="pp-class-382 pa t52284 l20237 ls1080">equal </span><span class="pp-class-382 pa t52284 l52428 ls103">to </span><span class="pp-class-382 pa t52284 l52429 ls1955">the </span><span class="pp-class-382 pa t52284 l38030 ls230">carrying </span><span class="pp-class-382 pa t52284 l52430 ls5558">amount. </span><span class="pp-class-382 pa t52284 l52431 ls16">A </span><span class="pp-class-382 pa t52284 l52432 ls1772">decrease </span><span class="pp-class-382 pa t52284 l52433 ls2482">in </span><span class="pp-class-382 pa t52284 l52434 ls3566">annual </span><span class="pp-class-382 pa t52284 l52435 ls1344">EBIT </span><span class="pp-class-382 pa t52284 l52436 ls2835">of </span><span class="pp-class-382 pa t52284 l52437 ls49485">10.70% </span><span class="pp-class-382 pa t52284 l52438 ls2482">in </span><span class="pp-class-382 pa t52284 l52439 ls1955">the </span><span class="pp-class-382 pa t52284 l52440 ls3572">logistics </span><span class="pp-class-382 pa t52284 l52441 ls276">CGU, </span><span class="pp-class-382 pa t52442 l3 ls1955">all </span><span class="pp-class-382 pa t52442 l52443 ls58">other </span><span class="pp-class-382 pa t52442 l51767 ls3566">things </span><span class="pp-class-382 pa t52442 l52444 ls1080">being </span><span class="pp-class-382 pa t52442 l52445 ls3566">equal, </span><span class="pp-class-382 pa t52442 l52446 ls1271">would </span><span class="pp-class-382 pa t52442 l52447 ls1080">bring </span><span class="pp-class-382 pa t52442 l52448 ls1955">the </span><span class="pp-class-382 pa t52442 l39250 ls5039">value </span><span class="pp-class-382 pa t52442 l52449 ls2482">in </span><span class="pp-class-382 pa t52442 l52450 ls1955">use </span><span class="pp-class-382 pa t52442 l52451 ls1080">equal </span><span class="pp-class-382 pa t52442 l52452 ls103">to </span><span class="pp-class-382 pa t52442 l52453 ls1955">the </span><span class="pp-class-382 pa t52442 l52454 ls230">carrying </span><span class="pp-class-382 pa t52442 l52455 ls1252">amount. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52314 l3 ls1077">For </span><span class="pp-class-382 pa t52314 l52408 ls85">ferry </span><span class="pp-class-382 pa t52314 l52456 ls3572">division, </span><span class="pp-class-382 pa t52314 l52457 ls187">Management's </span><span class="pp-class-382 pa t52314 l44864 ls1099">assessment </span><span class="pp-class-382 pa t52314 l52458 ls2482">is </span><span class="pp-class-382 pa t52314 l52459 ls4275">that </span><span class="pp-class-382 pa t52314 l52460 ls2482">no </span><span class="pp-class-382 pa t52314 l49390 ls103">changes </span><span class="pp-class-382 pa t52314 l52461 ls2482">in </span><span class="pp-class-382 pa t52314 l52462 ls185">key </span><span class="pp-class-382 pa t52314 l52463 ls1126">assumptions </span><span class="pp-class-382 pa t52314 l52464 ls1974">are </span><span class="pp-class-382 pa t52314 l52465 ls2787">reasonably </span><span class="pp-class-382 pa t52314 l52466 ls9967">likely </span><span class="pp-class-382 pa t52314 l52467 ls110">to </span><span class="pp-class-382 pa t52328 l3 ls2113">reduce </span><span class="pp-class-382 pa t52328 l18523 ls1955">the </span><span class="pp-class-382 pa t52328 l52468 ls5039">value </span><span class="pp-class-382 pa t52328 l52469 ls2482">in </span><span class="pp-class-382 pa t52328 l47080 ls1955">use </span><span class="pp-class-382 pa t52328 l52470 ls1271">below </span><span class="pp-class-382 pa t52328 l26881 ls1955">the </span><span class="pp-class-382 pa t52328 l47163 ls230">carrying </span><span class="pp-class-382 pa t52328 l52471 ls2842">value. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t52331 l3 ls806">Impairment </span><span class="pp-class-383 pa t52331 l31222 ls1323">tests</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52472 l3 ls1759">Based </span><span class="pp-class-382 pa t52472 l51363 ls1080">on </span><span class="pp-class-382 pa t52472 l43332 ls858">the </span><span class="pp-class-382 pa t52472 l52473 ls806">impairment </span><span class="pp-class-382 pa t52472 l42487 ls1118">tests </span><span class="pp-class-382 pa t52472 l45778 ls3435">prepared </span><span class="pp-class-382 pa t52472 l52474 ls1083">at </span><span class="pp-class-382 pa t52472 l52475 ls2760">year-end </span><span class="pp-class-382 pa t52472 l52476 ls1150">2024 </span><span class="pp-class-382 pa t52472 l52477 ls1080">no </span><span class="pp-class-382 pa t52472 l51201 ls2970">cash-generating </span><span class="pp-class-382 pa t52472 l52478 ls1759">units </span><span class="pp-class-382 pa t52472 l52479 ls800">are </span><span class="pp-class-382 pa t52472 l52480 ls2486">deemed </span><span class="pp-class-382 pa t52472 l52481 ls8853">impaired </span><span class="pp-class-382 pa t52472 l52482 ls278">in </span><span class="pp-class-382 pa t52483 l3 ls2854">2024. </span><span class="pp-class-382 pa t52483 l1774 ls806">Impairment </span><span class="pp-class-382 pa t52483 l52484 ls2486">losses </span><span class="pp-class-382 pa t52483 l52485 ls2970">recognised </span><span class="pp-class-382 pa t52483 l52486 ls1080">in </span><span class="pp-class-382 pa t52483 l52487 ls1759">prior </span><span class="pp-class-382 pa t52483 l52488 ls2142">years </span><span class="pp-class-382 pa t52483 l52489 ls185">have </span><span class="pp-class-382 pa t52483 l52490 ls1323">been </span><span class="pp-class-382 pa t52483 l52491 ls185">reversed </span><span class="pp-class-382 pa t52483 l52492 ls1080">in </span><span class="pp-class-382 pa t52483 l52493 ls1271">connection </span><span class="pp-class-382 pa t52483 l52494 ls1323">with </span><span class="pp-class-382 pa t52483 l52495 ls1099">the </span><span class="pp-class-382 pa t52483 l52496 ls1323">sale </span><span class="pp-class-382 pa t52483 l52497 ls103">of </span><span class="pp-class-382 pa t52483 l52498 ls1099">the </span><span class="pp-class-382 pa t52483 l52499 ls931">OFC </span><span class="pp-class-382 pa t52500 l3 ls646">route, </span><span class="pp-class-382 pa t52500 l52501 ls1759">these </span><span class="pp-class-382 pa t52500 l52502 ls2848">were </span><span class="pp-class-382 pa t52500 l52503 ls3105">allocated </span><span class="pp-class-382 pa t52500 l52504 ls1759">to </span><span class="pp-class-382 pa t52500 l52505 ls1110">ships. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52506 l3 ls1080">In </span><span class="pp-class-382 pa t52506 l43891 ls7094">2023, </span><span class="pp-class-382 pa t52506 l50687 ls1080">no </span><span class="pp-class-382 pa t52506 l52507 ls2970">cash-generating </span><span class="pp-class-382 pa t52506 l52508 ls1759">units </span><span class="pp-class-382 pa t52506 l52509 ls2848">were </span><span class="pp-class-382 pa t52506 l12715 ls2486">deemed </span><span class="pp-class-382 pa t52506 l52510 ls8853">impaired </span><span class="pp-class-382 pa t52506 l52511 ls1099">and </span><span class="pp-class-382 pa t52506 l52512 ls1080">no </span><span class="pp-class-382 pa t52506 l52513 ls806">impairment </span><span class="pp-class-382 pa t52506 l52514 ls2486">losses </span><span class="pp-class-382 pa t52506 l52515 ls2970">recognised </span><span class="pp-class-382 pa t52506 l52516 ls1080">in </span><span class="pp-class-382 pa t52506 l52517 ls1759">prior </span><span class="pp-class-382 pa t52506 l52518 ls1271">years </span><span class="pp-class-382 pa t52519 l3 ls2848">were </span><span class="pp-class-382 pa t52519 l29363 ls2145">reversed. </span></p></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5202" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h52520 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3">The </span><span class="pp-class-382 pa t29793 l16790 ls2554">carrying </span><span class="pp-class-382 pa t29793 l18460 ls907">amount </span><span class="pp-class-382 pa t29793 l52521 ls287">of </span><span class="pp-class-382 pa t29793 l52522">Goodwill, </span><span class="pp-class-382 pa t29793 l31724 ls171">non-current </span><span class="pp-class-382 pa t29793 l52523 ls90">intangible, </span><span class="pp-class-382 pa t29793 l52524 ls982">tangible </span><span class="pp-class-382 pa t29793 l52525">and </span><span class="pp-class-382 pa t29793 l51500 ls931">right-of-use </span><span class="pp-class-382 pa t29793 l52526 ls175">assets </span><span class="pp-class-382 pa t29793 l52527 ls85">are </span><span class="pp-class-382 pa t29793 l52528 ls12">con-</span><span class="pp-class-382 pa t29798 l3 ls138">tinuously </span><span class="pp-class-382 pa t29798 l52529">assessed, </span><span class="pp-class-382 pa t29798 l52530 ls2835">at </span><span class="pp-class-382 pa t29798 l52531">least </span><span class="pp-class-382 pa t29798 l52532">once </span><span class="pp-class-382 pa t29798 l52533">a </span><span class="pp-class-382 pa t29798 l49094 ls2147">year, </span><span class="pp-class-382 pa t29798 l10080 ls166">to </span><span class="pp-class-382 pa t29798 l52534 ls45">determine </span><span class="pp-class-382 pa t29798 l52535 ls37">whether </span><span class="pp-class-382 pa t29798 l52536 ls110">there </span><span class="pp-class-382 pa t29798 l52537">is </span><span class="pp-class-382 pa t29798 l18736">an </span><span class="pp-class-382 pa t29798 l52538 ls704">indication </span><span class="pp-class-382 pa t29798 l52539 ls287">of </span><span class="pp-class-382 pa t29798 l52540 ls93">impairment. </span><span class="pp-class-382 pa t36806 l3">When </span><span class="pp-class-382 pa t36806 l52541">such </span><span class="pp-class-382 pa t36806 l52542 ls704">indication </span><span class="pp-class-382 pa t36806 l50519 ls134">exists </span><span class="pp-class-382 pa t36806 l52543">the </span><span class="pp-class-382 pa t36806 l10462 ls1309">recoverable </span><span class="pp-class-382 pa t36806 l52544 ls907">amount </span><span class="pp-class-382 pa t36806 l52545 ls287">of </span><span class="pp-class-382 pa t36806 l52546">the </span><span class="pp-class-382 pa t36806 l52547 ls72">asset </span><span class="pp-class-382 pa t36806 l52548">is </span><span class="pp-class-382 pa t36806 l52549">assessed. </span><span class="pp-class-382 pa t36806 l52550">The </span><span class="pp-class-382 pa t36806 l50660 ls1309">recoverable </span><span class="pp-class-382 pa t29811 l3 ls907">amount </span><span class="pp-class-382 pa t29811 l52551">is </span><span class="pp-class-382 pa t29811 l52552">the </span><span class="pp-class-382 pa t29811 l52553">higher </span><span class="pp-class-382 pa t29811 l8526 ls287">of </span><span class="pp-class-382 pa t29811 l52554">the </span><span class="pp-class-382 pa t29811 l37980 ls1005">fair </span><span class="pp-class-382 pa t29811 l52555 ls16">value </span><span class="pp-class-382 pa t29811 l52556">less </span><span class="pp-class-382 pa t29811 l40327">costs </span><span class="pp-class-382 pa t29811 l52557 ls287">of </span><span class="pp-class-382 pa t29811 l52558">disposal </span><span class="pp-class-382 pa t29811 l52559">and </span><span class="pp-class-382 pa t29811 l52560">the </span><span class="pp-class-382 pa t29811 l52561 ls228">value-in-use. </span><span class="pp-class-382 pa t29811 l52562 ls12">The </span><span class="pp-class-382 pa t29811 l52563 ls907">value-in-use </span><span class="pp-class-382 pa t29824 l3">is </span><span class="pp-class-382 pa t29824 l31749 ls128">calculated </span><span class="pp-class-382 pa t29824 l4822">as </span><span class="pp-class-382 pa t29824 l52564">the </span><span class="pp-class-382 pa t29824 l52565 ls1326">present </span><span class="pp-class-382 pa t29824 l52566 ls16">value </span><span class="pp-class-382 pa t29824 l52567 ls287">of </span><span class="pp-class-382 pa t29824 l52568">the </span><span class="pp-class-382 pa t29824 l50901 ls134">future </span><span class="pp-class-382 pa t29824 l52569 ls150">net </span><span class="pp-class-382 pa t29824 l52570">cash </span><span class="pp-class-382 pa t29824 l52571 ls646">flow, </span><span class="pp-class-382 pa t29824 l52572">which </span><span class="pp-class-382 pa t29824 l52573">the </span><span class="pp-class-382 pa t29824 l52574 ls72">asset </span><span class="pp-class-382 pa t29824 l52575">is </span><span class="pp-class-382 pa t29824 l52576 ls180">expected </span><span class="pp-class-382 pa t29824 l52577 ls166">to </span><span class="pp-class-382 pa t29836 l3 ls2482">generate </span><span class="pp-class-382 pa t29836 l4067">either </span><span class="pp-class-382 pa t29836 l24500 ls1955">by </span><span class="pp-class-382 pa t29836 l16390 ls944">itself </span><span class="pp-class-382 pa t29836 l52578">or </span><span class="pp-class-382 pa t29836 l52579 ls931">from </span><span class="pp-class-382 pa t29836 l16160">the </span><span class="pp-class-382 pa t29836 l52580 ls246">lowest </span><span class="pp-class-382 pa t29836 l52581 ls254">cash-generating </span><span class="pp-class-382 pa t29836 l52582">unit </span><span class="pp-class-382 pa t29836 l52583 ls166">to </span><span class="pp-class-382 pa t29836 l52584">which </span><span class="pp-class-382 pa t29836 l45240">the </span><span class="pp-class-382 pa t29836 l52585 ls72">asset </span><span class="pp-class-382 pa t29836 l52586 ls12">is </span><span class="pp-class-382 pa t29836 l52587 ls1005">allocated.</span></p></div></div><div class="pp-class-364 pp-class-395" id="pp-id-5203" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h52588 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-387 pa t48448 l3">!</span><span class="pp-class-386 pa t48449 l49487"/><span class="pp-class-386 pa t48449 l49488 ls878">Significant </span><span class="pp-class-386 pa t48449 l49489 ls193">accounting </span><span class="pp-class-386 pa t48449 l49490 ls241">estimates </span><span class="pp-class-386 pa t48449 l50868">and </span><span class="pp-class-386 pa t48449 l50869 ls287">judgements</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t49491 l3 ls8853">Climate </span><span class="pp-class-383 pa t49491 l44031 ls7094">related </span><span class="pp-class-383 pa t49491 l37200 ls2531">matters</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49495 l3 ls53 wtro3159 wtr1062 tro3160 tr1063">Management </span><span class="pp-class-382 pa t49495 l52589 ls1148 wtro3159 wtr1062 tro3160 tr1063">continuously </span><span class="pp-class-382 pa t49495 l52590 ls296 wtro3159 wtr1062 tro3160 tr1063">monitors </span><span class="pp-class-382 pa t49495 l52591 ls2970 wtro3159 wtr1062 tro3160 tr1063">climate </span><span class="pp-class-382 pa t49495 l52592 ls3458 wtro3159 wtr1062 tro3160 tr1063">related </span><span class="pp-class-382 pa t49495 l52593 ls2970 wtro3159 wtr1062 tro3160 tr1063">risks </span><span class="pp-class-382 pa t49495 l52594 ls1323 wtro3159 wtr1062 tro3160 tr1063">when </span><span class="pp-class-382 pa t49495 l52595 ls1073 wtro3159 wtr1062 tro3160 tr1063">measuring </span><span class="pp-class-382 pa t49495 l52596 ls1099 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t49495 l52597 ls2143 wtro3159 wtr1062 tro3160 tr1063">recoverable </span><span class="pp-class-382 pa t49495 l52598 ls103 wtro3159 wtr1062 tro3160 tr1063">amount. </span><span class="pp-class-382 pa t49510 l3 ls1759 wtro3159 wtr1062 tro3160 tr1063">While </span><span class="pp-class-382 pa t49510 l52599 ls1759 wtro3159 wtr1062 tro3160 tr1063">DFDS' </span><span class="pp-class-382 pa t49510 l52600 ls4305 wtro3159 wtr1062 tro3160 tr1063">operations </span><span class="pp-class-382 pa t49510 l38967 ls800 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t49510 l52601 ls830 wtro3159 wtr1062 tro3160 tr1063">not </span><span class="pp-class-382 pa t49510 l52602 ls715 wtro3159 wtr1062 tro3160 tr1063">currently </span><span class="pp-class-382 pa t49510 l52603 ls1150 wtro3159 wtr1062 tro3160 tr1063">exposed </span><span class="pp-class-382 pa t49510 l52604 ls1759 wtro3159 wtr1062 tro3160 tr1063">to </span><span class="pp-class-382 pa t49510 l52605 ls806 wtro3159 wtr1062 tro3160 tr1063">significant </span><span class="pp-class-382 pa t49510 l52606 ls728 wtro3159 wtr1062 tro3160 tr1063">physical </span><span class="pp-class-382 pa t49510 l52607 ls1759 wtro3159 wtr1062 tro3160 tr1063">risk, </span><span class="pp-class-382 pa t49510 l52608 ls1099 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t49510 l52609 ls869 wtro3159 wtr1062 tro3160 tr1063">value-in-use </span><span class="pp-class-382 pa t49510 l52610 ls2944 wtro3159 wtr1062 tro3160 tr1063">may </span><span class="pp-class-382 pa t49510 l52611 ls278 wtro3159 wtr1062 tro3160 tr1063">be </span><span class="pp-class-382 pa t49525 l3 ls2142 wtro3159 wtr1062 tro3160 tr1063">impacted </span><span class="pp-class-382 pa t49525 l52612 ls2784 wtro3159 wtr1062 tro3160 tr1063">by </span><span class="pp-class-382 pa t49525 l52613 ls2970 wtro3159 wtr1062 tro3160 tr1063">transition </span><span class="pp-class-382 pa t49525 l52614 ls1759 wtro3159 wtr1062 tro3160 tr1063">risk, </span><span class="pp-class-382 pa t49525 l52615 ls1323 wtro3159 wtr1062 tro3160 tr1063">such </span><span class="pp-class-382 pa t49525 l52616 ls1080 wtro3159 wtr1062 tro3160 tr1063">as </span><span class="pp-class-382 pa t49525 l52617 ls2113 wtro3159 wtr1062 tro3160 tr1063">legislation, </span><span class="pp-class-382 pa t49525 l52618 ls3623 wtro3159 wtr1062 tro3160 tr1063">regulations, </span><span class="pp-class-382 pa t49525 l52619 ls1099 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t49525 l52620 ls1237 wtro3159 wtr1062 tro3160 tr1063">changes </span><span class="pp-class-382 pa t49525 l52621 ls1080 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t49525 l52622 ls2486 wtro3159 wtr1062 tro3160 tr1063">demand </span><span class="pp-class-382 pa t49525 l52623 ls3278 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t49525 l52624 ls1099 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t49525 l52625 ls1150 wtro3159 wtr1062 tro3160 tr1063">Group's </span><span class="pp-class-382 pa t49535 l3 ls99 wtro3159 wtr1062 tro3160 tr1063">services. </span><span class="pp-class-382 pa t49535 l52626 ls2970 wtro3159 wtr1062 tro3160 tr1063">Expectations </span><span class="pp-class-382 pa t49535 l52627 ls3278 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t49535 l32944 ls858 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t49535 l52628 ls4299 wtro3159 wtr1062 tro3160 tr1063">following </span><span class="pp-class-382 pa t49535 l52629 ls2142 wtro3159 wtr1062 tro3160 tr1063">years </span><span class="pp-class-382 pa t49535 l52630 ls185 wtro3159 wtr1062 tro3160 tr1063">have </span><span class="pp-class-382 pa t49535 l52631 ls1323 wtro3159 wtr1062 tro3160 tr1063">been </span><span class="pp-class-382 pa t49535 l52632 ls1316 wtro3159 wtr1062 tro3160 tr1063">incorporated </span><span class="pp-class-382 pa t49535 l52633 ls3474 wtro3159 wtr1062 tro3160 tr1063">into </span><span class="pp-class-382 pa t49535 l52634 ls2944 wtro3159 wtr1062 tro3160 tr1063">projected </span><span class="pp-class-382 pa t49535 l52635 ls1323 wtro3159 wtr1062 tro3160 tr1063">cash </span><span class="pp-class-382 pa t49535 l52636 ls3477 wtro3159 wtr1062 tro3160 tr1063">flows: </span><span class="pp-class-382 pa t52637 l3 ls960 wtro3159 wtr1062 tro3160 tr1063">increased </span><span class="pp-class-382 pa t52637 l52638 ls2760 wtro3159 wtr1062 tro3160 tr1063">operating </span><span class="pp-class-382 pa t52637 l52639 ls1759 wtro3159 wtr1062 tro3160 tr1063">costs </span><span class="pp-class-382 pa t52637 l52640 ls3278 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t52637 l52641 ls1126 wtro3159 wtr1062 tro3160 tr1063">e-trucks </span><span class="pp-class-382 pa t52637 l52642 ls858 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t52637 l52643 ls1244 wtro3159 wtr1062 tro3160 tr1063">investments </span><span class="pp-class-382 pa t52637 l52644 ls1759 wtro3159 wtr1062 tro3160 tr1063">to </span><span class="pp-class-382 pa t52637 l18724 ls2143 wtro3159 wtr1062 tro3160 tr1063">improve </span><span class="pp-class-382 pa t52637 l52645 ls1323 wtro3159 wtr1062 tro3160 tr1063">fuel </span><span class="pp-class-382 pa t52637 l52646 ls3477 wtro3159 wtr1062 tro3160 tr1063">efficiency </span><span class="pp-class-382 pa t52637 l52647 ls1099 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t52637 l20425 ls2854 wtro3159 wtr1062 tro3160 tr1063">conversion </span><span class="pp-class-382 pa t52637 l52648 ls302 wtro3159 wtr1062 tro3160 tr1063">to </span><span class="pp-class-382 pa t49539 l3 ls2784 wtro3159 wtr1062 tro3160 tr1063">green </span><span class="pp-class-382 pa t49539 l52649 ls2486 wtro3159 wtr1062 tro3160 tr1063">fuels. </span><span class="pp-class-382 pa t49539 l52650 ls1080 wtro3159 wtr1062 tro3160 tr1063">In </span><span class="pp-class-382 pa t49539 l52651 ls1772 wtro3159 wtr1062 tro3160 tr1063">addition, </span><span class="pp-class-382 pa t49539 l52652 ls1323 wtro3159 wtr1062 tro3160 tr1063">cash </span><span class="pp-class-382 pa t49539 l52653 ls2784 wtro3159 wtr1062 tro3160 tr1063">flows </span><span class="pp-class-382 pa t49539 l52654 ls3278 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t49539 l52655 ls2127 wtro3159 wtr1062 tro3160 tr1063">Amsterdam </span><span class="pp-class-382 pa t49539 l52656 wtro3159 wtr1062 tro3160 tr1063">- </span><span class="pp-class-382 pa t49539 l52657 ls6007 wtro3159 wtr1062 tro3160 tr1063">Newcastle </span><span class="pp-class-382 pa t49539 l52658 ls8853 wtro3159 wtr1062 tro3160 tr1063">CGU, </span><span class="pp-class-382 pa t49539 l52659 ls2848 wtro3159 wtr1062 tro3160 tr1063">were </span><span class="pp-class-382 pa t49539 l52660 ls866 wtro3159 wtr1062 tro3160 tr1063">shortened </span><span class="pp-class-382 pa t49539 l52661 ls1759 wtro3159 wtr1062 tro3160 tr1063">to </span><span class="pp-class-382 pa t49539 l52662 ls1323 wtro3159 wtr1062 tro3160 tr1063">2029 </span><span class="pp-class-382 pa t49539 l52663 ls1323 wtro3159 wtr1062 tro3160 tr1063">when </span><span class="pp-class-382 pa t49539 l52664 ls302 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t49552 l3 ls8853 wtro3159 wtr1062 tro3160 tr1063">existing </span><span class="pp-class-382 pa t49552 l52665 ls2489 wtro3159 wtr1062 tro3160 tr1063">ferries </span><span class="pp-class-382 pa t49552 l52666 ls1080 wtro3159 wtr1062 tro3160 tr1063">no </span><span class="pp-class-382 pa t49552 l52667 ls2486 wtro3159 wtr1062 tro3160 tr1063">longer </span><span class="pp-class-382 pa t49552 l52668 ls2149 wtro3159 wtr1062 tro3160 tr1063">comply </span><span class="pp-class-382 pa t49552 l52669 ls1323 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t49552 l52670 ls1150 wtro3159 wtr1062 tro3160 tr1063">shore-power </span><span class="pp-class-382 pa t49552 l52671 ls1772 wtro3159 wtr1062 tro3160 tr1063">usage </span><span class="pp-class-382 pa t49552 l52672 ls4305 wtro3159 wtr1062 tro3160 tr1063">regulation.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t49577 l3 ls3105">Determination </span><span class="pp-class-383 pa t49577 l52162 ls1080">of </span><span class="pp-class-383 pa t49577 l52163 ls803">cash-generating </span><span class="pp-class-383 pa t49577 l52673 ls1759">units </span><span class="pp-class-383 pa t49577 l42774 ls858">and </span><span class="pp-class-383 pa t49577 l52674 ls806">assessment </span><span class="pp-class-383 pa t49577 l52675 ls2486">inputs </span><span class="pp-class-383 pa t49577 l52676 ls1080">of </span><span class="pp-class-383 pa t49577 l52677 ls15037">key </span><span class="pp-class-383 pa t49577 l52678 ls688">parameters</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52679 l3 ls1733 wtro3159 wtr1293 tro3160 tr1294">Judgement </span><span class="pp-class-382 pa t52679 l52680 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52679 l52681 ls1077 wtro3159 wtr1293 tro3160 tr1294">estimates </span><span class="pp-class-382 pa t52679 l52682 ls8853 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t52679 l52683 ls155 wtro3159 wtr1293 tro3160 tr1294">applied </span><span class="pp-class-382 pa t52679 l52684 ls203 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-382 pa t52679 l52685 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52679 l52686 ls2486 wtro3159 wtr1293 tro3160 tr1294">determination </span><span class="pp-class-382 pa t52679 l52687 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52679 l52688 ls88 wtro3159 wtr1293 tro3160 tr1294">cash </span><span class="pp-class-382 pa t52679 l52689 ls53 wtro3159 wtr1293 tro3160 tr1294">generating </span><span class="pp-class-382 pa t52679 l52690 ls214 wtro3159 wtr1293 tro3160 tr1294">units </span><span class="pp-class-382 pa t52679 l52691 ls1065 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t52679 l52692 ls214 wtro3159 wtr1293 tro3160 tr1294">which </span><span class="pp-class-382 pa t52679 l52693 ls274 wtro3159 wtr1293 tro3160 tr1294">goodwill </span><span class="pp-class-382 pa t52694 l3 ls203 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52694 l52695 ls1077 wtro3159 wtr1293 tro3160 tr1294">allocated </span><span class="pp-class-382 pa t52694 l52696 ls1323 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t52694 l52697 ls1733 wtro3159 wtr1293 tro3160 tr1294">impairment </span><span class="pp-class-382 pa t52694 l52698 ls1298 wtro3159 wtr1293 tro3160 tr1294">testing </span><span class="pp-class-382 pa t52694 l52699 ls203 wtro3159 wtr1293 tro3160 tr1294">as </span><span class="pp-class-382 pa t52694 l52700 ls830 wtro3159 wtr1293 tro3160 tr1294">well </span><span class="pp-class-382 pa t52694 l52701 ls203 wtro3159 wtr1293 tro3160 tr1294">as </span><span class="pp-class-382 pa t52694 l52702 ls203 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-382 pa t52694 l52703 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52694 l52704 ls103 wtro3159 wtr1293 tro3160 tr1294">selection </span><span class="pp-class-382 pa t52694 l52705 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52694 l52706 ls103 wtro3159 wtr1293 tro3160 tr1294">methodologies </span><span class="pp-class-382 pa t52694 l52707 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52694 l52708 ls1344 wtro3159 wtr1293 tro3160 tr1294">assumptions </span><span class="pp-class-382 pa t52709 l3 ls155 wtro3159 wtr1293 tro3160 tr1294">applied </span><span class="pp-class-382 pa t52709 l52710 ls203 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-382 pa t52709 l52711 ls1733 wtro3159 wtr1293 tro3160 tr1294">impairment </span><span class="pp-class-382 pa t52709 l52712 ls1080 wtro3159 wtr1293 tro3160 tr1294">tests. </span><span class="pp-class-382 pa t52709 l52713 ls931 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t52709 l52714 ls2486 wtro3159 wtr1293 tro3160 tr1294">determination </span><span class="pp-class-382 pa t52709 l52715 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52709 l52716 ls1305 wtro3159 wtr1293 tro3160 tr1294">cash-generating </span><span class="pp-class-382 pa t52709 l52717 ls214 wtro3159 wtr1293 tro3160 tr1294">units </span><span class="pp-class-382 pa t52709 l52718 ls858 wtro3159 wtr1293 tro3160 tr1294">differs </span><span class="pp-class-382 pa t52709 l52719 ls214 wtro3159 wtr1293 tro3160 tr1294">based </span><span class="pp-class-382 pa t52709 l52720 ls203 wtro3159 wtr1293 tro3160 tr1294">on </span><span class="pp-class-382 pa t52709 l52721 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52709 l52722 ls274 wtro3159 wtr1293 tro3160 tr1294">business </span><span class="pp-class-382 pa t52723 l3 ls1110 wtro3159 wtr1293 tro3160 tr1294">area. </span><span class="pp-class-382 pa t52723 l52724 ls88 wtro3159 wtr1293 tro3160 tr1294">Most </span><span class="pp-class-382 pa t52723 l52725 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52723 l52726 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52723 l52727 ls4275 wtro3159 wtr1293 tro3160 tr1294">freight </span><span class="pp-class-382 pa t52723 l52728 ls858 wtro3159 wtr1293 tro3160 tr1294">ferries </span><span class="pp-class-382 pa t52723 l52729 ls203 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-382 pa t52723 l52730 ls134 wtro3159 wtr1293 tro3160 tr1294">North </span><span class="pp-class-382 pa t52723 l52731 ls128 wtro3159 wtr1293 tro3160 tr1294">Sea, </span><span class="pp-class-382 pa t52723 l52732 ls1257 wtro3159 wtr1293 tro3160 tr1294">Baltic </span><span class="pp-class-382 pa t52723 l52733 ls931 wtro3159 wtr1293 tro3160 tr1294">Sea </span><span class="pp-class-382 pa t52723 l52734 ls138 wtro3159 wtr1293 tro3160 tr1294">&amp; </span><span class="pp-class-382 pa t52723 l52735 ls1941 wtro3159 wtr1293 tro3160 tr1294">Mediterranean </span><span class="pp-class-382 pa t52723 l52736 ls8853 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t52723 l52737 ls1941 wtro3159 wtr1293 tro3160 tr1294">interchangeable </span><span class="pp-class-382 pa t52723 l52738 ls180 wtro3159 wtr1293 tro3160 tr1294">with </span><span class="pp-class-382 pa t52739 l3 ls56 wtro3159 wtr1293 tro3160 tr1294">each </span><span class="pp-class-382 pa t52739 l52740 ls103 wtro3159 wtr1293 tro3160 tr1294">other </span><span class="pp-class-382 pa t52739 l52741 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52739 l52742 ls2489 wtro3159 wtr1293 tro3160 tr1294">where </span><span class="pp-class-382 pa t52739 l52743 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52739 l52744 ls4275 wtro3159 wtr1293 tro3160 tr1294">how </span><span class="pp-class-382 pa t52739 l52745 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52739 l52746 ls103 wtro3159 wtr1293 tro3160 tr1294">fleet </span><span class="pp-class-382 pa t52739 l52747 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52739 l23571 ls858 wtro3159 wtr1293 tro3160 tr1294">ferries </span><span class="pp-class-382 pa t52739 l52748 ls203 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52739 l52749 ls3278 wtro3159 wtr1293 tro3160 tr1294">deployed </span><span class="pp-class-382 pa t52739 l52750 ls203 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52739 l52751 ls2784 wtro3159 wtr1293 tro3160 tr1294">centrally </span><span class="pp-class-382 pa t52739 l52752 ls34 wtro3159 wtr1293 tro3160 tr1294">decided. </span><span class="pp-class-382 pa t52739 l52753 ls11245 wtro3159 wtr1293 tro3160 tr1294">Consequently, </span><span class="pp-class-382 pa t52739 l49928 ls203 wtro3159 wtr1293 tro3160 tr1294">these </span><span class="pp-class-382 pa t52754 l3 ls2489 wtro3159 wtr1293 tro3160 tr1294">areas </span><span class="pp-class-382 pa t52754 l52755 ls8853 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t52754 l52756 ls858 wtro3159 wtr1293 tro3160 tr1294">tested </span><span class="pp-class-382 pa t52754 l52757 ls1323 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t52754 l52758 ls1733 wtro3159 wtr1293 tro3160 tr1294">impairment </span><span class="pp-class-382 pa t52754 l52759 ls203 wtro3159 wtr1293 tro3160 tr1294">as </span><span class="pp-class-382 pa t52754 l32778 ls138 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-382 pa t52754 l52760 ls1955 wtro3159 wtr1293 tro3160 tr1294">single </span><span class="pp-class-382 pa t52754 l52761 ls1305 wtro3159 wtr1293 tro3160 tr1294">cash-generating </span><span class="pp-class-382 pa t52754 l52762 ls203 wtro3159 wtr1293 tro3160 tr1294">unit. </span><span class="pp-class-382 pa t52754 l52763 ls3123 wtro3159 wtr1293 tro3160 tr1294">Conversely, </span><span class="pp-class-382 pa t52754 l52764 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52754 l52765 ls187 wtro3159 wtr1293 tro3160 tr1294">vessels </span><span class="pp-class-382 pa t52754 l52766 ls882 wtro3159 wtr1293 tro3160 tr1294">servicing </span><span class="pp-class-382 pa t52754 l52767 ls138 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52768 l3 ls155 wtro3159 wtr1293 tro3160 tr1294">English </span><span class="pp-class-382 pa t52768 l52769 ls34 wtro3159 wtr1293 tro3160 tr1294">Channel, </span><span class="pp-class-382 pa t52768 l52770 ls1271 wtro3159 wtr1293 tro3160 tr1294">Strait </span><span class="pp-class-382 pa t52768 l52771 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52768 l52772 ls3498 wtro3159 wtr1293 tro3160 tr1294">Gibraltar, </span><span class="pp-class-382 pa t52768 l23961 ls3474 wtro3159 wtr1293 tro3160 tr1294">Amsterdam-Newcastle </span><span class="pp-class-382 pa t52768 l52773 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52768 l52774 ls2486 wtro3159 wtr1293 tro3160 tr1294">Jersey </span><span class="pp-class-382 pa t52768 l52775 ls2842 wtro3159 wtr1293 tro3160 tr1294">routes </span><span class="pp-class-382 pa t52768 l52776 ls931 wtro3159 wtr1293 tro3160 tr1294">can </span><span class="pp-class-382 pa t52768 l52777 ls203 wtro3159 wtr1293 tro3160 tr1294">be </span><span class="pp-class-382 pa t52768 l52778 ls88 wtro3159 wtr1293 tro3160 tr1294">used </span><span class="pp-class-382 pa t52768 l52779 ls4396 wtro3159 wtr1293 tro3160 tr1294">exclusively </span><span class="pp-class-382 pa t52780 l3 ls203 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-382 pa t52780 l52781 ls56 wtro3159 wtr1293 tro3160 tr1294">each </span><span class="pp-class-382 pa t52780 l52782 ls34 wtro3159 wtr1293 tro3160 tr1294">specific </span><span class="pp-class-382 pa t52780 l52783 ls7855 wtro3159 wtr1293 tro3160 tr1294">itinerary. </span><span class="pp-class-382 pa t52780 l52784 ls11245 wtro3159 wtr1293 tro3160 tr1294">Consequently, </span><span class="pp-class-382 pa t52780 l31190 ls214 wtro3159 wtr1293 tro3160 tr1294">these </span><span class="pp-class-382 pa t52780 l52785 ls2489 wtro3159 wtr1293 tro3160 tr1294">areas </span><span class="pp-class-382 pa t52780 l12096 ls8853 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t52780 l52786 ls1118 wtro3159 wtr1293 tro3160 tr1294">individually </span><span class="pp-class-382 pa t52780 l52787 ls858 wtro3159 wtr1293 tro3160 tr1294">tested </span><span class="pp-class-382 pa t52780 l52788 ls1323 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t52780 l52789 ls1733 wtro3159 wtr1293 tro3160 tr1294">impairment </span><span class="pp-class-382 pa t52780 l52790 ls203 wtro3159 wtr1293 tro3160 tr1294">as </span><span class="pp-class-382 pa t52780 l52791 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-382 pa t52792 l3 ls5069 wtro3159 wtr1293 tro3160 tr1294">separate </span><span class="pp-class-382 pa t52792 l52793 ls1305 wtro3159 wtr1293 tro3160 tr1294">cash-generating </span><span class="pp-class-382 pa t52792 l52794 ls1955 wtro3159 wtr1293 tro3160 tr1294">units. </span><span class="pp-class-382 pa t52792 l52795 ls203 wtro3159 wtr1293 tro3160 tr1294">In </span><span class="pp-class-382 pa t52792 l52796 ls1344 wtro3159 wtr1293 tro3160 tr1294">logistics, </span><span class="pp-class-382 pa t52792 l52797 ls1099 wtro3159 wtr1293 tro3160 tr1294">management </span><span class="pp-class-382 pa t52792 l52798 ls931 wtro3159 wtr1293 tro3160 tr1294">has </span><span class="pp-class-382 pa t52792 l52799 ls858 wtro3159 wtr1293 tro3160 tr1294">determined </span><span class="pp-class-382 pa t52792 l52800 ls1073 wtro3159 wtr1293 tro3160 tr1294">that </span><span class="pp-class-382 pa t52792 l52801 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52792 l52802 ls2889 wtro3159 wtr1293 tro3160 tr1294">lowest </span><span class="pp-class-382 pa t52792 l39471 ls1244 wtro3159 wtr1293 tro3160 tr1294">level </span><span class="pp-class-382 pa t52792 l52803 ls254 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52804 l3 ls1080 wtro3159 wtr1293 tro3160 tr1294">identifiable </span><span class="pp-class-382 pa t52804 l52805 ls88 wtro3159 wtr1293 tro3160 tr1294">cash </span><span class="pp-class-382 pa t52804 l52806 ls1859 wtro3159 wtr1293 tro3160 tr1294">inflows </span><span class="pp-class-382 pa t52804 l52807 wtro3159 wtr1293 tro3160 tr1294">- </span><span class="pp-class-382 pa t52804 l52808 ls1073 wtro3159 wtr1293 tro3160 tr1294">that </span><span class="pp-class-382 pa t52804 l52809 ls8853 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t52804 l52810 ls3377 wtro3159 wtr1293 tro3160 tr1294">largely </span><span class="pp-class-382 pa t52804 l52811 ls1080 wtro3159 wtr1293 tro3160 tr1294">independent </span><span class="pp-class-382 pa t52804 l52812 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52804 l52813 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52804 l52814 ls88 wtro3159 wtr1293 tro3160 tr1294">cash </span><span class="pp-class-382 pa t52804 l52815 ls1859 wtro3159 wtr1293 tro3160 tr1294">inflows </span><span class="pp-class-382 pa t52804 l52816 ls1101 wtro3159 wtr1293 tro3160 tr1294">from </span><span class="pp-class-382 pa t52804 l52817 ls103 wtro3159 wtr1293 tro3160 tr1294">other </span><span class="pp-class-382 pa t52804 l52818 ls103 wtro3159 wtr1293 tro3160 tr1294">assets </span><span class="pp-class-382 pa t52804 l52819 wtro3159 wtr1293 tro3160 tr1294">- </span><span class="pp-class-382 pa t52804 l52820 ls203 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52804 l52821 ls138 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52822 l3 ls88 wtro3159 wtr1293 tro3160 tr1294">cash </span><span class="pp-class-382 pa t52822 l52823 ls1859 wtro3159 wtr1293 tro3160 tr1294">inflows </span><span class="pp-class-382 pa t52822 l52824 ls803 wtro3159 wtr1293 tro3160 tr1294">generated </span><span class="pp-class-382 pa t52822 l52825 ls5039 wtro3159 wtr1293 tro3160 tr1294">by </span><span class="pp-class-382 pa t52822 l52826 ls931 wtro3159 wtr1293 tro3160 tr1294">all </span><span class="pp-class-382 pa t52822 l52827 ls1065 wtro3159 wtr1293 tro3160 tr1294">logistics </span><span class="pp-class-382 pa t52822 l52828 ls2842 wtro3159 wtr1293 tro3160 tr1294">routes </span><span class="pp-class-382 pa t52822 l52829 ls3230 wtro3159 wtr1293 tro3160 tr1294">together. </span><span class="pp-class-382 pa t52822 l52830 ls88 wtro3159 wtr1293 tro3160 tr1294">This </span><span class="pp-class-382 pa t52822 l52831 ls203 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t52822 l52832 ls214 wtro3159 wtr1293 tro3160 tr1294">based </span><span class="pp-class-382 pa t52822 l52833 ls203 wtro3159 wtr1293 tro3160 tr1294">on </span><span class="pp-class-382 pa t52822 l52834 ls2694 wtro3159 wtr1293 tro3160 tr1294">increased </span><span class="pp-class-382 pa t52822 l52835 ls1859 wtro3159 wtr1293 tro3160 tr1294">integration, </span><span class="pp-class-382 pa t52822 l52836 ls3278 wtro3159 wtr1293 tro3160 tr1294">creation </span><span class="pp-class-382 pa t52837 l3 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52837 l52838 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52837 l52839 ls1733 wtro3159 wtr1293 tro3160 tr1294">equipment </span><span class="pp-class-382 pa t52837 l52840 ls214 wtro3159 wtr1293 tro3160 tr1294">pool, </span><span class="pp-class-382 pa t52837 l52841 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52837 l7911 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52837 l52842 ls3105 wtro3159 wtr1293 tro3160 tr1294">fact </span><span class="pp-class-382 pa t52837 l52843 ls1073 wtro3159 wtr1293 tro3160 tr1294">that </span><span class="pp-class-382 pa t52837 l52844 ls931 wtro3159 wtr1293 tro3160 tr1294">our </span><span class="pp-class-382 pa t52837 l52845 ls1065 wtro3159 wtr1293 tro3160 tr1294">logistics </span><span class="pp-class-382 pa t52837 l52846 ls2842 wtro3159 wtr1293 tro3160 tr1294">routes </span><span class="pp-class-382 pa t52837 l52847 ls8853 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t52837 l46159 ls3377 wtro3159 wtr1293 tro3160 tr1294">largely </span><span class="pp-class-382 pa t52837 l52848 ls1073 wtro3159 wtr1293 tro3160 tr1294">interdependent </span><span class="pp-class-382 pa t52837 l52849 ls931 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t52837 l52850 ls85 wtro3159 wtr1293 tro3160 tr1294">managed </span><span class="pp-class-382 pa t52851 l3 ls88 wtro3159 wtr1293 tro3160 tr1294">with </span><span class="pp-class-382 pa t52851 l52852 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52851 l52853 ls1955 wtro3159 wtr1293 tro3160 tr1294">common </span><span class="pp-class-382 pa t52851 l14043 ls1237 wtro3159 wtr1293 tro3160 tr1294">objective </span><span class="pp-class-382 pa t52851 l52854 ls302 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t52851 l52855 ls246 wtro3159 wtr1293 tro3160 tr1294">supporting </span><span class="pp-class-382 pa t52851 l52856 ls931 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t52851 l52857 ls688 wtro3159 wtr1293 tro3160 tr1294">Group's </span><span class="pp-class-382 pa t52851 l52858 ls2835 wtro3159 wtr1293 tro3160 tr1294">ferry </span><span class="pp-class-382 pa t52851 l52859 ls34 wtro3159 wtr1293 tro3160 tr1294">business </span><span class="pp-class-382 pa t52851 l52860 ls2889 wtro3159 wtr1293 tro3160 tr1294">across </span><span class="pp-class-382 pa t52851 l52861 ls806 wtro3159 wtr1293 tro3160 tr1294">regions.</span></p></div></div> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls238">Amortisation </span><span class="pp-class-382 pa t29793 l47257 ls858">and </span><span class="pp-class-382 pa t29793 l47258 ls3623">depreciation </span><span class="pp-class-382 pa t29793 l43903 ls3278">for </span><span class="pp-class-382 pa t29793 l47259 ls858">the </span><span class="pp-class-382 pa t29793 l47260 ls960">year </span><span class="pp-class-382 pa t29793 l47261 ls800">are </span><span class="pp-class-382 pa t29793 l47262 ls2970">recognised </span><span class="pp-class-382 pa t29793 l47263 ls1759">based </span><span class="pp-class-382 pa t29793 l47264 ls1080">on </span><span class="pp-class-382 pa t29793 l47265 ls1099">the </span><span class="pp-class-382 pa t29793 l47266 ls238">amortisation </span><span class="pp-class-382 pa t29793 l47267 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls3623">depreciation </span><span class="pp-class-382 pa t29798 l47268 ls4299">profiles </span><span class="pp-class-382 pa t29798 l47269 ls103">of </span><span class="pp-class-382 pa t29798 l47270 ls858">the </span><span class="pp-class-382 pa t29798 l16742 ls1083">underlying </span><span class="pp-class-382 pa t29798 l47271 ls3474">assets. </span><span class="pp-class-382 pa t29798 l47272 ls2944">Reference </span><span class="pp-class-382 pa t29798 l47273 ls1080">is </span><span class="pp-class-382 pa t29798 l47274 ls1772">made </span><span class="pp-class-382 pa t29798 l43685 ls1759">to </span><span class="pp-class-382 pa t29798 l47275 ls1859">note </span><span class="pp-class-382 pa t29798 l47276 ls2149">3.1.1, </span><span class="pp-class-382 pa t29798 l47277 ls7094">3.1.2 </span><span class="pp-class-382 pa t29798 l47278 ls858">and </span><span class="pp-class-382 pa t29798 l47279 ls1055">3.1.3.</span></p><div class="pp-class-363 pp-class-395" id="pp-id-5179" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h48963 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls1271">Non-current </span><span class="pp-class-383 pa t30083 l48964 ls1818">intangible </span><span class="pp-class-383 pa t30083 l48965 ls1073">assets </span><span class="pp-class-383 pa t30083 l48966">- </span><span class="pp-class-383 pa t30083 l48967 ls1759">Other </span><span class="pp-class-383 pa t30083 l48968 ls1323">than </span><span class="pp-class-383 pa t30083 l48969 ls99">goodwill </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4343">Generally, </span><span class="pp-class-382 pa t30087 l48970 ls858">the </span><span class="pp-class-382 pa t30087 l48971 ls4299">following </span><span class="pp-class-382 pa t30087 l48972 ls1237">applies </span><span class="pp-class-382 pa t30087 l43227 ls2486">unless </span><span class="pp-class-382 pa t30087 l48973 ls1077">otherwise </span><span class="pp-class-382 pa t30087 l48974 ls1974">stated:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30098 l3 ls302">• </span><span class="pp-class-382 pa t30098 l1592 ls48975">Assets </span><span class="pp-class-382 pa t30098 l48976 ls800">are </span><span class="pp-class-382 pa t30098 l48977 ls8853">measured </span><span class="pp-class-382 pa t30098 l48978 ls1083">at </span><span class="pp-class-382 pa t30098 l48979 ls1323">cost </span><span class="pp-class-382 pa t30098 l48980 ls1323">less </span><span class="pp-class-382 pa t30098 l48981 ls1244">accumulated </span><span class="pp-class-382 pa t30098 l48982 ls238">amortisation </span><span class="pp-class-382 pa t30098 l48983 ls1099">and </span><span class="pp-class-382 pa t30098 l48984 ls806">impairment </span><span class="pp-class-382 pa t30098 l48985 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls1323">cost </span><span class="pp-class-382 pa t30105 l48988 ls238">includes </span><span class="pp-class-382 pa t30105 l48989 ls1759">costs </span><span class="pp-class-382 pa t30105 l48990 ls1759">to </span><span class="pp-class-382 pa t30105 l48991 ls1083">external </span><span class="pp-class-382 pa t30105 l48992 ls819">suppliers, </span><span class="pp-class-382 pa t30105 l48993 ls3105">materials </span><span class="pp-class-382 pa t30105 l48994 ls858">and </span><span class="pp-class-382 pa t30105 l48995 ls806">components, </span><span class="pp-class-382 pa t30105 l48996 ls2760">direct </span><span class="pp-class-382 pa t30105 l48997 ls3623">wages, </span><span class="pp-class-382 pa t30105 l48998 ls1323">salaries, </span><span class="pp-class-382 pa t30110 l1592 ls858">and </span><span class="pp-class-382 pa t30110 l48999 ls852">interests </span><span class="pp-class-382 pa t30110 l49000 ls1323">paid </span><span class="pp-class-382 pa t30110 l49001 ls1080">as </span><span class="pp-class-382 pa t30110 l49002 ls1243">from </span><span class="pp-class-382 pa t30110 l26451 ls858">the </span><span class="pp-class-382 pa t30110 l49003 ls1323">time </span><span class="pp-class-382 pa t30110 l14934 ls103">of </span><span class="pp-class-382 pa t30110 l22438 ls8853">payment </span><span class="pp-class-382 pa t30110 l49004 ls1305">until </span><span class="pp-class-382 pa t30110 l49005 ls858">the </span><span class="pp-class-382 pa t30110 l49006 ls852">date </span><span class="pp-class-382 pa t30110 l49007 ls1323">when </span><span class="pp-class-382 pa t30110 l49008 ls1099">the </span><span class="pp-class-382 pa t30110 l49009 ls296">asset </span><span class="pp-class-382 pa t30110 l49010 ls1080">is </span><span class="pp-class-382 pa t30110 l49011 ls1316">available </span><span class="pp-class-382 pa t30110 l49012 ls3278">for </span><span class="pp-class-382 pa t30110 l49013 ls4275">use.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls238">assets </span><span class="pp-class-382 pa t37915 l49014 ls800">are </span><span class="pp-class-382 pa t37915 l49015 ls1257">amortised </span><span class="pp-class-382 pa t37915 l49016 ls1080">on </span><span class="pp-class-382 pa t37915 l49017 ls302">a </span><span class="pp-class-382 pa t37915 l49018 ls1316">straight-line </span><span class="pp-class-382 pa t37915 l49019 ls1759">basis </span><span class="pp-class-382 pa t37915 l49020 ls2671">over </span><span class="pp-class-382 pa t37915 l49021 ls858">the </span><span class="pp-class-382 pa t37915 l49022 ls3105">estimated </span><span class="pp-class-382 pa t37915 l49023 ls1941">useful </span><span class="pp-class-382 pa t37915 l49024 ls1150">life.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37930 l3 ls302">• </span><span class="pp-class-382 pa t37930 l1592 ls48986">The </span><span class="pp-class-382 pa t37930 l48987 ls2142">effect </span><span class="pp-class-382 pa t37930 l49025 ls1243">from </span><span class="pp-class-382 pa t37930 l49026 ls1237">changes </span><span class="pp-class-382 pa t37930 l49027 ls1080">in </span><span class="pp-class-382 pa t37930 l49028 ls238">amortisation </span><span class="pp-class-382 pa t37930 l49029 ls2486">period </span><span class="pp-class-382 pa t37930 l49030 ls1080">or </span><span class="pp-class-382 pa t37930 l49031 ls858">the </span><span class="pp-class-382 pa t37930 l49032 ls8853">residual </span><span class="pp-class-382 pa t37930 l49033 ls1083">value </span><span class="pp-class-382 pa t37930 l49034 ls1080">is </span><span class="pp-class-382 pa t37930 l49035 ls2970">recognised </span><span class="pp-class-382 pa t37930 l49036 ls3435">prospectively </span><span class="pp-class-382 pa t37942 l1592 ls1080">as </span><span class="pp-class-382 pa t37942 l49037 ls302">a </span><span class="pp-class-382 pa t37942 l49038 ls2486">change </span><span class="pp-class-382 pa t37942 l49039 ls1080">in </span><span class="pp-class-382 pa t37942 l49040 ls858">the </span><span class="pp-class-382 pa t37942 l49041 ls53">accounting </span><span class="pp-class-382 pa t37942 l49042 ls1083">estimate.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37943 l3 ls1237">Goodwill</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37948 l3 ls10900">At </span><span class="pp-class-382 pa t37948 l49043 ls1237">initial </span><span class="pp-class-382 pa t37948 l49044 ls2142">recognition </span><span class="pp-class-382 pa t37948 l49045 ls2694">goodwill </span><span class="pp-class-382 pa t37948 l49046 ls1080">is </span><span class="pp-class-382 pa t37948 l49047 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49048 ls1080">in </span><span class="pp-class-382 pa t37948 l49049 ls1099">the </span><span class="pp-class-382 pa t37948 l49050 ls1237">balance </span><span class="pp-class-382 pa t37948 l49051 ls296">sheet </span><span class="pp-class-382 pa t37948 l49052 ls1083">at </span><span class="pp-class-382 pa t37948 l49053 ls1110">cost, </span><span class="pp-class-382 pa t37948 l47266 ls1080">as </span><span class="pp-class-382 pa t37948 l49054 ls1073">described </span><span class="pp-class-382 pa t37948 l49055 ls1080">in </span><span class="pp-class-382 pa t37948 l49056 ls1859">note </span><span class="pp-class-382 pa t37948 l49057 ls18364">5.5 </span><span class="pp-class-382 pa t37961 l3 ls2671">‘Business-combinations’. </span><span class="pp-class-382 pa t37961 l49058 ls6791">Subsequently, </span><span class="pp-class-382 pa t37961 l49059 ls2694">goodwill </span><span class="pp-class-382 pa t37961 l49060 ls1080">is </span><span class="pp-class-382 pa t37961 l49061 ls8853">measured </span><span class="pp-class-382 pa t37961 l49062 ls1083">at </span><span class="pp-class-382 pa t37961 l49063 ls1323">cost </span><span class="pp-class-382 pa t37961 l49064 ls1323">less </span><span class="pp-class-382 pa t37961 l49065 ls1244">accumulated </span><span class="pp-class-382 pa t37961 l49066 ls1077">impairment </span><span class="pp-class-382 pa t37974 l3 ls1237">losses. </span><span class="pp-class-382 pa t37974 l49067 ls2694">Goodwill </span><span class="pp-class-382 pa t37974 l49068 ls1080">is </span><span class="pp-class-382 pa t37974 l49069 ls830">not </span><span class="pp-class-382 pa t37974 l30021 ls1126">amortised. </span><span class="pp-class-382 pa t37974 l49070 ls1080">An </span><span class="pp-class-382 pa t37974 l49071 ls806">impairment </span><span class="pp-class-382 pa t37974 l21824 ls1073">test </span><span class="pp-class-382 pa t37974 l20986 ls1080">is </span><span class="pp-class-382 pa t37974 l49072 ls1321">performed </span><span class="pp-class-382 pa t37974 l49073 ls1083">at </span><span class="pp-class-382 pa t37974 l44842 ls1759">least </span><span class="pp-class-382 pa t37974 l18710 ls1323">once </span><span class="pp-class-382 pa t37974 l45659 ls302">a </span><span class="pp-class-382 pa t37974 l49074 ls960">year </span><span class="pp-class-382 pa t37974 l49075 ls3278">together </span><span class="pp-class-382 pa t37974 l49076 ls1955">with </span><span class="pp-class-382 pa t49077 l3 ls296">other </span><span class="pp-class-382 pa t49077 l43926 ls1101">non-current </span><span class="pp-class-382 pa t49077 l49078 ls238">assets </span><span class="pp-class-382 pa t49077 l49079 ls103">of </span><span class="pp-class-382 pa t49077 l49080 ls858">the </span><span class="pp-class-382 pa t49077 l49081 ls2149">Group. </span><span class="pp-class-382 pa t49077 l49082 ls858">The </span><span class="pp-class-382 pa t49077 l49083 ls1099">carrying </span><span class="pp-class-382 pa t49077 l49084 ls1073">amount </span><span class="pp-class-382 pa t49077 l49085 ls103">of </span><span class="pp-class-382 pa t49077 l49086 ls2694">goodwill </span><span class="pp-class-382 pa t49077 l49087 ls1080">is </span><span class="pp-class-382 pa t49077 l49088 ls3105">allocated </span><span class="pp-class-382 pa t49077 l49089 ls1759">to </span><span class="pp-class-382 pa t49077 l25507 ls858">the </span><span class="pp-class-382 pa t49077 l49090 ls715">Group’s </span><span class="pp-class-382 pa t37975 l3 ls2970">cash-generating </span><span class="pp-class-382 pa t37975 l13907 ls1759">units </span><span class="pp-class-382 pa t37975 l49091 ls1083">at </span><span class="pp-class-382 pa t37975 l49092 ls858">the </span><span class="pp-class-382 pa t37975 l39474 ls1323">time </span><span class="pp-class-382 pa t37975 l49093 ls103">of </span><span class="pp-class-382 pa t37975 l49094 ls1772">acquisition.</span></p></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5180" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h49095 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies </span><span class="pp-class-382 pa t838 l30560 ls1326">(continued)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls4279">Development </span><span class="pp-class-383 pa t30083 l49096 ls5039">projects </span><span class="pp-class-383 pa t30083 l49097 ls1080">in </span><span class="pp-class-383 pa t30083 l49098 ls1150">progress</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls852">Development </span><span class="pp-class-382 pa t30087 l49099 ls3623">projects </span><span class="pp-class-382 pa t30087 l6065 ls1080">in </span><span class="pp-class-382 pa t30087 l49100 ls2145">progress, </span><span class="pp-class-382 pa t30087 l49101 ls1974">primarily </span><span class="pp-class-382 pa t30087 l49102 ls852">development </span><span class="pp-class-382 pa t30087 l49103 ls103">of </span><span class="pp-class-382 pa t30087 l49104 ls1080">IT </span><span class="pp-class-382 pa t30087 l49105 ls646">software, </span><span class="pp-class-382 pa t30087 l49106 ls800">are </span><span class="pp-class-382 pa t30087 l49107 ls2970">recognised </span><span class="pp-class-382 pa t30087 l49108 ls1080">as </span><span class="pp-class-382 pa t30087 l49109 ls1099">non-</span><span class="pp-class-382 pa t30093 l3 ls852">current </span><span class="pp-class-382 pa t30093 l46050 ls1701">intangible </span><span class="pp-class-382 pa t30093 l49110 ls238">assets </span><span class="pp-class-382 pa t30093 l29192 ls1080">if </span><span class="pp-class-382 pa t30093 l49111 ls858">the </span><span class="pp-class-382 pa t30093 l49112 ls4299">following </span><span class="pp-class-382 pa t30093 l49113 ls296">criteria </span><span class="pp-class-382 pa t30093 l49114 ls800">are </span><span class="pp-class-382 pa t30093 l49115 ls830">met:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls3623">projects </span><span class="pp-class-382 pa t30105 l49116 ls800">are </span><span class="pp-class-382 pa t30105 l49117 ls1194">clearly </span><span class="pp-class-382 pa t30105 l24249 ls1305">defined </span><span class="pp-class-382 pa t30105 l26926 ls858">and </span><span class="pp-class-382 pa t30105 l49118 ls2489">identifiable.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30110 l3 ls302">• </span><span class="pp-class-382 pa t30110 l1592 ls48986">The </span><span class="pp-class-382 pa t30110 l48987 ls2784">Group </span><span class="pp-class-382 pa t30110 l49119 ls4275">intends </span><span class="pp-class-382 pa t30110 l49120 ls1759">to </span><span class="pp-class-382 pa t30110 l49121 ls858">use </span><span class="pp-class-382 pa t30110 l49122 ls858">the </span><span class="pp-class-382 pa t30110 l49123 ls3623">projects </span><span class="pp-class-382 pa t30110 l3168 ls1323">once </span><span class="pp-class-382 pa t30110 l49124 ls3278">completed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls1083">future </span><span class="pp-class-382 pa t37915 l49125 ls2694">earnings </span><span class="pp-class-382 pa t37915 l49126 ls1243">from </span><span class="pp-class-382 pa t37915 l12960 ls858">the </span><span class="pp-class-382 pa t37915 l49127 ls3623">projects </span><span class="pp-class-382 pa t37915 l49128 ls800">are </span><span class="pp-class-382 pa t37915 l49129 ls828">expected </span><span class="pp-class-382 pa t37915 l49130 ls1759">to </span><span class="pp-class-382 pa t37915 l49131 ls646">cover </span><span class="pp-class-382 pa t37915 l49132 ls1099">the </span><span class="pp-class-382 pa t37915 l49133 ls960">development </span><span class="pp-class-382 pa t37930 l1592 ls858">and </span><span class="pp-class-382 pa t37930 l48999 ls11245">administrative </span><span class="pp-class-382 pa t37930 l49134 ls2486">costs, </span><span class="pp-class-382 pa t37930 l49135 ls1080">and</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37942 l3 ls302">• </span><span class="pp-class-382 pa t37942 l1592 ls48986">The </span><span class="pp-class-382 pa t37942 l48987 ls1759">costs </span><span class="pp-class-382 pa t37942 l49136 ls858">can </span><span class="pp-class-382 pa t37942 l49137 ls1080">be </span><span class="pp-class-382 pa t37942 l49138 ls7858">reliably </span><span class="pp-class-382 pa t37942 l49139 ls8853">measured.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls238">amortisation </span><span class="pp-class-382 pa t37943 l49140 ls103">of </span><span class="pp-class-382 pa t37943 l42770 ls3474">capitalised </span><span class="pp-class-382 pa t37943 l49141 ls852">development </span><span class="pp-class-382 pa t37943 l49142 ls3623">projects </span><span class="pp-class-382 pa t37943 l49143 ls858">starts </span><span class="pp-class-382 pa t37943 l44938 ls2842">after </span><span class="pp-class-382 pa t37943 l49144 ls1099">the </span><span class="pp-class-382 pa t37943 l20742 ls1271">completion </span><span class="pp-class-382 pa t37943 l49145 ls103">of </span><span class="pp-class-382 pa t37943 l49146 ls858">the </span><span class="pp-class-382 pa t37943 l49147 ls960">development </span><span class="pp-class-382 pa t37948 l3 ls2787">project </span><span class="pp-class-382 pa t37948 l49148 ls858">and </span><span class="pp-class-382 pa t37948 l49149 ls1080">is </span><span class="pp-class-382 pa t37948 l49150 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49151 ls1080">on </span><span class="pp-class-382 pa t37948 l17662 ls302">a </span><span class="pp-class-382 pa t37948 l49152 ls1316">straight-line </span><span class="pp-class-382 pa t37948 l49153 ls1759">basis </span><span class="pp-class-382 pa t37948 l49154 ls2671">over </span><span class="pp-class-382 pa t37948 l49155 ls1099">the </span><span class="pp-class-382 pa t37948 l49156 ls828">expected </span><span class="pp-class-382 pa t37948 l49157 ls1941">useful </span><span class="pp-class-382 pa t37948 l49158 ls2854">life, </span><span class="pp-class-382 pa t37948 l49159 ls1759">which </span><span class="pp-class-382 pa t37948 l49160 ls2944">normally </span><span class="pp-class-382 pa t37948 l49161 ls1080">is </span><span class="pp-class-382 pa t37948 l49162 ls332">3-5 </span><span class="pp-class-382 pa t37961 l3 ls2889">years, </span><span class="pp-class-382 pa t37961 l49163 ls858">but </span><span class="pp-class-382 pa t37961 l49164 ls1080">in </span><span class="pp-class-382 pa t37961 l49165 ls99">certain </span><span class="pp-class-382 pa t37961 l49166 ls1759">cases </span><span class="pp-class-382 pa t37961 l49167 ls1080">up </span><span class="pp-class-382 pa t37961 l49168 ls1759">to </span><span class="pp-class-382 pa t37961 l49169 ls1772">10 </span><span class="pp-class-382 pa t37961 l49170 ls2142">years </span><span class="pp-class-382 pa t37961 l49171 ls1323">(the </span><span class="pp-class-382 pa t37961 l49172 ls800">latter </span><span class="pp-class-382 pa t37961 l49173 ls1237">applies </span><span class="pp-class-382 pa t37961 l49174 ls1759">to </span><span class="pp-class-382 pa t37961 l49175 ls806">significant </span><span class="pp-class-382 pa t37961 l49176 ls4305">internally </span><span class="pp-class-382 pa t37961 l49177 ls960">developed </span><span class="pp-class-382 pa t37974 l3 ls2970">commercial </span><span class="pp-class-382 pa t37974 l49178 ls858">and </span><span class="pp-class-382 pa t37974 l49179 ls2944">operational </span><span class="pp-class-382 pa t37974 l49180 ls4305">systems).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37975 l3 ls1759">Other </span><span class="pp-class-383 pa t37975 l49181 ls1271">non-current </span><span class="pp-class-383 pa t37975 l49182 ls1818">intangible </span><span class="pp-class-383 pa t37975 l49183 ls1305">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37977 l3 ls1759">Other </span><span class="pp-class-382 pa t37977 l49184 ls1101">non-current </span><span class="pp-class-382 pa t37977 l49185 ls1701">intangible </span><span class="pp-class-382 pa t37977 l46124 ls238">assets </span><span class="pp-class-382 pa t37977 l49186 ls2694">comprise </span><span class="pp-class-382 pa t37977 l49187 ls858">the </span><span class="pp-class-382 pa t37977 l49188 ls1083">value </span><span class="pp-class-382 pa t37977 l49189 ls103">of </span><span class="pp-class-382 pa t37977 l49190 ls296">customer </span><span class="pp-class-382 pa t37977 l49191 ls2760">relations </span><span class="pp-class-382 pa t37977 l49192 ls1080">or </span><span class="pp-class-382 pa t37977 l49193 ls46774">similar, </span><span class="pp-class-382 pa t37977 l49194 ls806">identified </span><span class="pp-class-382 pa t37977 l49195 ls278">as </span><span class="pp-class-382 pa t36901 l3 ls658">part </span><span class="pp-class-382 pa t36901 l6838 ls103">of </span><span class="pp-class-382 pa t36901 l44486 ls2694">business </span><span class="pp-class-382 pa t36901 l49196 ls2842">combinations, </span><span class="pp-class-382 pa t36901 l49197 ls858">and </span><span class="pp-class-382 pa t36901 l49198 ls1759">which </span><span class="pp-class-382 pa t36901 l49199 ls858">has </span><span class="pp-class-382 pa t36901 l49200 ls238">definite </span><span class="pp-class-382 pa t36901 l49201 ls1941">useful </span><span class="pp-class-382 pa t36901 l49202 ls2854">life. </span><span class="pp-class-382 pa t36901 l49203 ls1759">Other </span><span class="pp-class-382 pa t36901 l49204 ls1101">non-current </span><span class="pp-class-382 pa t36901 l49205 ls1701">intangible </span><span class="pp-class-382 pa t36901 l49206 ls869">assets </span><span class="pp-class-382 pa t36903 l3 ls800">are </span><span class="pp-class-382 pa t36903 l43707 ls8853">measured </span><span class="pp-class-382 pa t36903 l30316 ls1083">at </span><span class="pp-class-382 pa t36903 l49207 ls1323">cost </span><span class="pp-class-382 pa t36903 l49208 ls1323">less </span><span class="pp-class-382 pa t36903 l30715 ls1244">accumulated </span><span class="pp-class-382 pa t36903 l49209 ls238">amortisation </span><span class="pp-class-382 pa t36903 l49210 ls858">and </span><span class="pp-class-382 pa t36903 l49211 ls806">impairment </span><span class="pp-class-382 pa t36903 l49212 ls1237">losses. </span><span class="pp-class-382 pa t36903 l49213 ls238">Amortisation </span><span class="pp-class-382 pa t36903 l49214 ls278">is </span><span class="pp-class-382 pa t36916 l3 ls2970">recognised </span><span class="pp-class-382 pa t36916 l44565 ls1080">on </span><span class="pp-class-382 pa t36916 l49215 ls302">a </span><span class="pp-class-382 pa t36916 l49216 ls1316">straight-line </span><span class="pp-class-382 pa t36916 l46124 ls1759">basis </span><span class="pp-class-382 pa t36916 l49217 ls2671">over </span><span class="pp-class-382 pa t36916 l45955 ls858">the </span><span class="pp-class-382 pa t36916 l49218 ls828">expected </span><span class="pp-class-382 pa t36916 l49219 ls1941">useful </span><span class="pp-class-382 pa t36916 l49220 ls2854">life, </span><span class="pp-class-382 pa t36916 l49221 ls1759">which </span><span class="pp-class-382 pa t36916 l49222 ls2944">normally </span><span class="pp-class-382 pa t36916 l49223 ls1080">is </span><span class="pp-class-382 pa t36916 l49224 ls302">3-5 </span><span class="pp-class-382 pa t36916 l49225 ls2889">years, </span><span class="pp-class-382 pa t36916 l31814 ls1945">except </span><span class="pp-class-382 pa t36920 l3 ls1243">from </span><span class="pp-class-382 pa t36920 l49226 ls296">customer </span><span class="pp-class-382 pa t36920 l49227 ls53">portfolio </span><span class="pp-class-382 pa t36920 l49228 ls1759">which </span><span class="pp-class-382 pa t36920 l49229 ls1080">is </span><span class="pp-class-382 pa t36920 l49230 ls1080">up </span><span class="pp-class-382 pa t36920 l24295 ls1759">to </span><span class="pp-class-382 pa t36920 l49231 ls1080">15 </span><span class="pp-class-382 pa t36920 l49232 ls2142">years.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t38016 l3 ls56">Port </span><span class="pp-class-383 pa t38016 l49233 ls819">concession </span><span class="pp-class-383 pa t38016 l49234 ls1305">rights</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49235 l3 ls99">Port </span><span class="pp-class-382 pa t49235 l26479 ls819">concession </span><span class="pp-class-382 pa t49235 l49236 ls1073">rights </span><span class="pp-class-382 pa t49235 l49237 ls2694">comprise </span><span class="pp-class-382 pa t49235 l24137 ls858">the </span><span class="pp-class-382 pa t49235 l49238 ls1083">value </span><span class="pp-class-382 pa t49235 l49239 ls103">of </span><span class="pp-class-382 pa t49235 l5934 ls1772">access </span><span class="pp-class-382 pa t49235 l44427 ls1759">to </span><span class="pp-class-382 pa t49235 l49240 ls2671">strategically </span><span class="pp-class-382 pa t49235 l49241 ls1772">placed </span><span class="pp-class-382 pa t49235 l43764 ls155">ports </span><span class="pp-class-382 pa t49235 l49242 ls1759">which </span><span class="pp-class-382 pa t49235 l49243 ls1080">is </span><span class="pp-class-382 pa t49235 l49244 ls2113">recognised </span><span class="pp-class-382 pa t38021 l3 ls1083">at </span><span class="pp-class-382 pa t38021 l44213 ls1759">their </span><span class="pp-class-382 pa t38021 l49245 ls3278">fair </span><span class="pp-class-382 pa t38021 l49246 ls1083">value </span><span class="pp-class-382 pa t38021 l49247 ls1083">at </span><span class="pp-class-382 pa t38021 l49248 ls1099">the </span><span class="pp-class-382 pa t38021 l49249 ls1772">acquisition </span><span class="pp-class-382 pa t38021 l49250 ls2688">date. </span><span class="pp-class-382 pa t38021 l49251 ls2760">Acquired </span><span class="pp-class-382 pa t38021 l49252 ls658">port </span><span class="pp-class-382 pa t38021 l49253 ls819">concession </span><span class="pp-class-382 pa t38021 l49254 ls1073">rights </span><span class="pp-class-382 pa t38021 l49255 ls800">are </span><span class="pp-class-382 pa t38021 l49256 ls1257">amortised </span><span class="pp-class-382 pa t38021 l49257 ls2671">over </span><span class="pp-class-382 pa t38021 l49258 ls302">the </span><span class="pp-class-382 pa t38024 l3 ls819">concession </span><span class="pp-class-382 pa t38024 l43266 ls2486">period.</span></p></div></div><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls1271">Non-current </span><span class="pp-class-383 pa t30083 l48964 ls238">tangible </span><span class="pp-class-383 pa t30083 l49612 ls1305">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls858">The </span><span class="pp-class-382 pa t30087 l16631 ls4299">following </span><span class="pp-class-382 pa t30087 l45286 ls1237">applies </span><span class="pp-class-382 pa t30087 l30944 ls2486">unless </span><span class="pp-class-382 pa t30087 l49613 ls1077">otherwise </span><span class="pp-class-382 pa t30087 l34346 ls1974">stated:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30098 l3 ls302">• </span><span class="pp-class-382 pa t30098 l1592 ls48975">Assets </span><span class="pp-class-382 pa t30098 l48976 ls800">are </span><span class="pp-class-382 pa t30098 l48977 ls8853">measured </span><span class="pp-class-382 pa t30098 l48978 ls1083">at </span><span class="pp-class-382 pa t30098 l48979 ls1323">cost </span><span class="pp-class-382 pa t30098 l48980 ls1323">less </span><span class="pp-class-382 pa t30098 l48981 ls1244">accumulated </span><span class="pp-class-382 pa t30098 l48982 ls3623">depreciation </span><span class="pp-class-382 pa t30098 l49614 ls1099">and </span><span class="pp-class-382 pa t30098 l49615 ls806">impairment </span><span class="pp-class-382 pa t30098 l49616 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls1323">cost </span><span class="pp-class-382 pa t30105 l48988 ls238">includes </span><span class="pp-class-382 pa t30105 l48989 ls1759">costs </span><span class="pp-class-382 pa t30105 l48990 ls1759">to </span><span class="pp-class-382 pa t30105 l48991 ls1083">external </span><span class="pp-class-382 pa t30105 l48992 ls819">suppliers, </span><span class="pp-class-382 pa t30105 l48993 ls3105">materials </span><span class="pp-class-382 pa t30105 l48994 ls858">and </span><span class="pp-class-382 pa t30105 l48995 ls806">components, </span><span class="pp-class-382 pa t30105 l48996 ls2760">direct </span><span class="pp-class-382 pa t30105 l48997 ls3623">wages, </span><span class="pp-class-382 pa t30105 l48998 ls99">salaries </span><span class="pp-class-382 pa t30110 l1592 ls858">and </span><span class="pp-class-382 pa t30110 l48999 ls852">interests </span><span class="pp-class-382 pa t30110 l49000 ls1323">paid </span><span class="pp-class-382 pa t30110 l49001 ls1080">as </span><span class="pp-class-382 pa t30110 l49002 ls1243">from </span><span class="pp-class-382 pa t30110 l26451 ls858">the </span><span class="pp-class-382 pa t30110 l49003 ls1323">time </span><span class="pp-class-382 pa t30110 l14934 ls103">of </span><span class="pp-class-382 pa t30110 l22438 ls8853">payment </span><span class="pp-class-382 pa t30110 l49004 ls1305">until </span><span class="pp-class-382 pa t30110 l49005 ls858">the </span><span class="pp-class-382 pa t30110 l49006 ls852">date </span><span class="pp-class-382 pa t30110 l49007 ls1323">when </span><span class="pp-class-382 pa t30110 l49008 ls1099">the </span><span class="pp-class-382 pa t30110 l49009 ls296">asset </span><span class="pp-class-382 pa t30110 l49010 ls1080">is </span><span class="pp-class-382 pa t30110 l49011 ls1316">available </span><span class="pp-class-382 pa t30110 l49012 ls3278">for </span><span class="pp-class-382 pa t30110 l49013 ls99">use. </span><span class="pp-class-382 pa t37915 l1592 ls858">The </span><span class="pp-class-382 pa t37915 l48987 ls1323">cost </span><span class="pp-class-382 pa t37915 l48988 ls1759">price </span><span class="pp-class-382 pa t37915 l49617 ls1323">also </span><span class="pp-class-382 pa t37915 l49618 ls1073">comprises </span><span class="pp-class-382 pa t37915 l49003 ls1759">gains </span><span class="pp-class-382 pa t37915 l49619 ls1099">and </span><span class="pp-class-382 pa t37915 l15315 ls2486">losses </span><span class="pp-class-382 pa t37915 l49620 ls1080">on </span><span class="pp-class-382 pa t37915 l49621 ls3623">transactions </span><span class="pp-class-382 pa t37915 l49622 ls803">designated </span><span class="pp-class-382 pa t37915 l49623 ls1080">as </span><span class="pp-class-382 pa t37915 l49624 ls2486">hedges.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37930 l3 ls302">• </span><span class="pp-class-382 pa t37930 l1592 ls48986">The </span><span class="pp-class-382 pa t37930 l48987 ls1759">basis </span><span class="pp-class-382 pa t37930 l49625 ls3278">for </span><span class="pp-class-382 pa t37930 l24016 ls3623">depreciation </span><span class="pp-class-382 pa t37930 l49626 ls1080">is </span><span class="pp-class-382 pa t37930 l49627 ls2489">determined </span><span class="pp-class-382 pa t37930 l49628 ls1080">as </span><span class="pp-class-382 pa t37930 l49629 ls858">the </span><span class="pp-class-382 pa t37930 l49630 ls1323">cost </span><span class="pp-class-382 pa t37930 l49631 ls1323">less </span><span class="pp-class-382 pa t37930 l49632 ls3105">estimated </span><span class="pp-class-382 pa t37930 l49633 ls8853">residual </span><span class="pp-class-382 pa t37930 l49634 ls7855">value.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37942 l3 ls302">• </span><span class="pp-class-382 pa t37942 l1592 ls48986">The </span><span class="pp-class-382 pa t37942 l48987 ls238">assets </span><span class="pp-class-382 pa t37942 l49014 ls800">are </span><span class="pp-class-382 pa t37942 l49015 ls1194">depreciated </span><span class="pp-class-382 pa t37942 l49635 ls1080">on </span><span class="pp-class-382 pa t37942 l49636 ls302">a </span><span class="pp-class-382 pa t37942 l49637 ls1316">straight-line </span><span class="pp-class-382 pa t37942 l49638 ls1759">basis </span><span class="pp-class-382 pa t37942 l49639 ls2671">over </span><span class="pp-class-382 pa t37942 l46707 ls858">the </span><span class="pp-class-382 pa t37942 l49640 ls3105">estimated </span><span class="pp-class-382 pa t37942 l49641 ls1941">useful </span><span class="pp-class-382 pa t37942 l49642 ls3278">life </span><span class="pp-class-382 pa t37942 l49643 ls1759">to </span><span class="pp-class-382 pa t37942 l49644 ls1099">the </span><span class="pp-class-382 pa t37942 l49645 ls3278">estimated </span><span class="pp-class-382 pa t49646 l1592 ls8853">residual </span><span class="pp-class-382 pa t49646 l49647 ls7855">value.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls302">• </span><span class="pp-class-382 pa t37943 l1592 ls25707">Estimated </span><span class="pp-class-382 pa t37943 l49648 ls1941">useful </span><span class="pp-class-382 pa t37943 l49649 ls3278">life </span><span class="pp-class-382 pa t37943 l49650 ls858">and </span><span class="pp-class-382 pa t37943 l49651 ls3105">estimated </span><span class="pp-class-382 pa t37943 l49652 ls8853">residual </span><span class="pp-class-382 pa t37943 l49653 ls1150">values </span><span class="pp-class-382 pa t37943 l49654 ls800">are </span><span class="pp-class-382 pa t37943 l49655 ls2970">reassessed </span><span class="pp-class-382 pa t37943 l49656 ls1083">at </span><span class="pp-class-382 pa t37943 l49657 ls1759">least </span><span class="pp-class-382 pa t37943 l49658 ls1323">once </span><span class="pp-class-382 pa t37943 l49659 ls302">a </span><span class="pp-class-382 pa t37943 l49660 ls648">year. </span><span class="pp-class-382 pa t37943 l49661 ls278">In </span><span class="pp-class-382 pa t37948 l1592 ls688">estimating </span><span class="pp-class-382 pa t37948 l49662 ls858">the </span><span class="pp-class-382 pa t37948 l49663 ls3105">estimated </span><span class="pp-class-382 pa t37948 l49664 ls1941">useful </span><span class="pp-class-382 pa t37948 l49665 ls3278">life </span><span class="pp-class-382 pa t37948 l49666 ls3278">for </span><span class="pp-class-382 pa t37948 l49667 ls2489">ferries </span><span class="pp-class-382 pa t37948 l16862 ls1099">and </span><span class="pp-class-382 pa t37948 l49668 ls296">other </span><span class="pp-class-382 pa t37948 l49669 ls1759">ships </span><span class="pp-class-382 pa t37948 l49670 ls1080">it </span><span class="pp-class-382 pa t37948 l49671 ls1080">is </span><span class="pp-class-382 pa t37948 l49672 ls2784">taken </span><span class="pp-class-382 pa t37948 l49673 ls3474">into </span><span class="pp-class-382 pa t37948 l49674 ls852">consideration </span><span class="pp-class-382 pa t37948 l49675 ls806">that </span><span class="pp-class-382 pa t37961 l1592 ls1323">DFDS </span><span class="pp-class-382 pa t37961 l49676 ls1148">continuously </span><span class="pp-class-382 pa t37961 l49677 ls1080">is </span><span class="pp-class-382 pa t37961 l49678 ls2694">spending </span><span class="pp-class-382 pa t37961 l49679 ls1701">substantial </span><span class="pp-class-382 pa t37961 l49680 ls1759">funds </span><span class="pp-class-382 pa t37961 l49681 ls1080">on </span><span class="pp-class-382 pa t37961 l49682 ls1237">ongoing </span><span class="pp-class-382 pa t37961 l49683 ls688">maintenance.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37974 l3 ls302">• </span><span class="pp-class-382 pa t37974 l1592 ls48986">The </span><span class="pp-class-382 pa t37974 l48987 ls2142">effect </span><span class="pp-class-382 pa t37974 l49025 ls1243">from </span><span class="pp-class-382 pa t37974 l49026 ls1237">changes </span><span class="pp-class-382 pa t37974 l49027 ls1080">in </span><span class="pp-class-382 pa t37974 l49028 ls3623">depreciation </span><span class="pp-class-382 pa t37974 l49684 ls2486">period </span><span class="pp-class-382 pa t37974 l49685 ls1080">or </span><span class="pp-class-382 pa t37974 l49686 ls858">the </span><span class="pp-class-382 pa t37974 l49687 ls8853">residual </span><span class="pp-class-382 pa t37974 l49688 ls1083">value </span><span class="pp-class-382 pa t37974 l49689 ls1080">is </span><span class="pp-class-382 pa t37974 l20386 ls2970">recognised </span><span class="pp-class-382 pa t37974 l49690 ls1864">prospectively </span><span class="pp-class-382 pa t37974 l49691 ls278">as </span><span class="pp-class-382 pa t49077 l1592 ls302">a </span><span class="pp-class-382 pa t49077 l49692 ls2486">change </span><span class="pp-class-382 pa t49077 l49693 ls1080">in </span><span class="pp-class-382 pa t49077 l3997 ls858">the </span><span class="pp-class-382 pa t49077 l12205 ls53">accounting </span><span class="pp-class-382 pa t49077 l49694 ls1083">estimate.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls830">Ferries </span><span class="pp-class-383 pa t37977 l49695 ls858">and </span><span class="pp-class-383 pa t37977 l49696 ls1305">other </span><span class="pp-class-383 pa t37977 l49697 ls1323">ships</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls858">The </span><span class="pp-class-382 pa t36901 l16631 ls7756">rebuilding/upgrade </span><span class="pp-class-382 pa t36901 l43974 ls103">of </span><span class="pp-class-382 pa t36901 l10306 ls2489">ferries </span><span class="pp-class-382 pa t36901 l13016 ls858">and </span><span class="pp-class-382 pa t36901 l49698 ls296">other </span><span class="pp-class-382 pa t36901 l49699 ls1759">ships </span><span class="pp-class-382 pa t36901 l49700 ls1080">is </span><span class="pp-class-382 pa t36901 l49701 ls3474">capitalised </span><span class="pp-class-382 pa t36901 l49702 ls1080">if </span><span class="pp-class-382 pa t36901 l49703 ls1099">the </span><span class="pp-class-382 pa t36901 l49704 ls7756">rebuilding/upgrade </span><span class="pp-class-382 pa t36901 l49705 ls858">can </span><span class="pp-class-382 pa t36901 l49706 ls278">be </span><span class="pp-class-382 pa t36903 l3 ls3623">attributed </span><span class="pp-class-382 pa t36903 l49707 ls1759">to:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36920 l3 ls302">• </span><span class="pp-class-382 pa t36920 l1592 ls45899">Safety </span><span class="pp-class-382 pa t36920 l49708 ls8853">measures.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36928 l3 ls302">• </span><span class="pp-class-382 pa t36928 l1592 ls49709">Measures </span><span class="pp-class-382 pa t36928 l49710 ls1759">to </span><span class="pp-class-382 pa t36928 l49711 ls4305">extend </span><span class="pp-class-382 pa t36928 l49712 ls858">the </span><span class="pp-class-382 pa t36928 l49713 ls1941">useful </span><span class="pp-class-382 pa t36928 l49543 ls3278">life </span><span class="pp-class-382 pa t36928 l49714 ls103">of </span><span class="pp-class-382 pa t36928 l49715 ls858">the </span><span class="pp-class-382 pa t36928 l49716 ls2489">ferries </span><span class="pp-class-382 pa t36928 l49717 ls858">and </span><span class="pp-class-382 pa t36928 l49718 ls296">other </span><span class="pp-class-382 pa t36928 l49719 ls1759">ships.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t38016 l3 ls302">• </span><span class="pp-class-382 pa t38016 l1592 ls49709">Measures </span><span class="pp-class-382 pa t38016 l49710 ls1759">to </span><span class="pp-class-382 pa t38016 l49711 ls1083">reduce </span><span class="pp-class-382 pa t38016 l449 ls2970">climate </span><span class="pp-class-382 pa t38016 l49720 ls1772">impact.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49235 l3 ls302">• </span><span class="pp-class-382 pa t49235 l1592 ls49709">Measures </span><span class="pp-class-382 pa t49235 l49710 ls1759">to </span><span class="pp-class-382 pa t49235 l49711 ls2143">improve </span><span class="pp-class-382 pa t49235 l49721 ls2694">earnings.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t38021 l3 ls302">• </span><span class="pp-class-382 pa t38021 l1592 ls20786">Docking.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t38039 l3 ls1701">Maintenance </span><span class="pp-class-382 pa t38039 l30890 ls858">and </span><span class="pp-class-382 pa t38039 l49722 ls7094">daily </span><span class="pp-class-382 pa t38039 l49723 ls1237">running </span><span class="pp-class-382 pa t38039 l17625 ls1759">costs </span><span class="pp-class-382 pa t38039 l49724 ls3278">for </span><span class="pp-class-382 pa t38039 l49725 ls858">the </span><span class="pp-class-382 pa t38039 l49726 ls2489">ferries </span><span class="pp-class-382 pa t38039 l49727 ls858">and </span><span class="pp-class-382 pa t38039 l49728 ls296">other </span><span class="pp-class-382 pa t38039 l49729 ls1759">ships </span><span class="pp-class-382 pa t38039 l49730 ls800">are </span><span class="pp-class-382 pa t38039 l49731 ls8853">expensed </span><span class="pp-class-382 pa t38039 l49732 ls1080">in </span><span class="pp-class-382 pa t38039 l49733 ls1099">the </span><span class="pp-class-382 pa t38039 l49734 ls1110">income </span><span class="pp-class-382 pa t49735 l3 ls1150">statement </span><span class="pp-class-382 pa t49735 l4002 ls1080">as </span><span class="pp-class-382 pa t49735 l49736 ls960">incurred. </span><span class="pp-class-382 pa t49735 l49737 ls1237">Docking </span><span class="pp-class-382 pa t49735 l49738 ls1759">costs </span><span class="pp-class-382 pa t49735 l49739 ls800">are </span><span class="pp-class-382 pa t49735 l49740 ls3474">capitalised </span><span class="pp-class-382 pa t49735 l49741 ls858">and </span><span class="pp-class-382 pa t49735 l49742 ls1194">depreciated </span><span class="pp-class-382 pa t49735 l49743 ls1080">on </span><span class="pp-class-382 pa t49735 l49744 ls302">a </span><span class="pp-class-382 pa t49735 l49745 ls1316">straight-line </span><span class="pp-class-382 pa t49735 l49746 ls1759">basis </span><span class="pp-class-382 pa t49735 l49747 ls1110">until </span><span class="pp-class-382 pa t49748 l3 ls858">the </span><span class="pp-class-382 pa t49748 l43824 ls1321">ferries' </span><span class="pp-class-382 pa t49748 l49749 ls1080">or </span><span class="pp-class-382 pa t49748 l49750 ls2486">ships' </span><span class="pp-class-382 pa t49748 l49751 ls1243">next </span><span class="pp-class-382 pa t49748 l49752 ls2694">docking. </span><span class="pp-class-382 pa t49748 l49753 ls1080">In </span><span class="pp-class-382 pa t49748 l49754 ls1323">most </span><span class="pp-class-382 pa t49748 l49755 ls2486">cases, </span><span class="pp-class-382 pa t49748 l49756 ls858">the </span><span class="pp-class-382 pa t49748 l49757 ls1237">docking </span><span class="pp-class-382 pa t49748 l49758 ls2842">interval </span><span class="pp-class-382 pa t49748 l49759 ls1080">is </span><span class="pp-class-382 pa t49748 l49760 ls302">2 </span><span class="pp-class-382 pa t49748 l49761 ls2142">years </span><span class="pp-class-382 pa t49748 l49762 ls3278">for </span><span class="pp-class-382 pa t49748 l49763 ls1073">passenger </span><span class="pp-class-382 pa t49748 l49764 ls1110">cruise </span><span class="pp-class-382 pa t49765 l3 ls2489">ferries </span><span class="pp-class-382 pa t49765 l49766 ls858">and </span><span class="pp-class-382 pa t49765 l46034 ls1080">2½ </span><span class="pp-class-382 pa t49765 l49767 ls2142">years </span><span class="pp-class-382 pa t49765 l17433 ls3278">for </span><span class="pp-class-382 pa t49765 l49768 ls852">freight </span><span class="pp-class-382 pa t49765 l49769 ls858">and </span><span class="pp-class-382 pa t49765 l49770 ls1073">passenger </span><span class="pp-class-382 pa t49765 l49771 ls2489">ferries </span><span class="pp-class-382 pa t49765 l49772 ls1080">as </span><span class="pp-class-382 pa t49765 l49773 ls960">well </span><span class="pp-class-382 pa t49765 l49774 ls1080">as </span><span class="pp-class-382 pa t49765 l49775 ls852">freight </span><span class="pp-class-382 pa t49765 l49776 ls2489">ferries.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1759">Gains </span><span class="pp-class-382 pa t49777 l49778 ls1080">or </span><span class="pp-class-382 pa t49777 l49779 ls2486">losses </span><span class="pp-class-382 pa t49777 l49780 ls1080">on </span><span class="pp-class-382 pa t49777 l48713 ls858">the </span><span class="pp-class-382 pa t49777 l49781 ls2694">disposal </span><span class="pp-class-382 pa t49777 l49197 ls103">of </span><span class="pp-class-382 pa t49777 l49782 ls2489">ferries </span><span class="pp-class-382 pa t49777 l49783 ls1099">and </span><span class="pp-class-382 pa t49777 l49784 ls296">other </span><span class="pp-class-382 pa t49777 l49785 ls1759">ships </span><span class="pp-class-382 pa t49777 l49786 ls800">are </span><span class="pp-class-382 pa t49777 l49787 ls803">calculated </span><span class="pp-class-382 pa t49777 l49788 ls1080">as </span><span class="pp-class-382 pa t49777 l49789 ls858">the </span><span class="pp-class-382 pa t49777 l49790 ls1974">difference </span><span class="pp-class-382 pa t49777 l49791 ls688">between </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1759">sales </span><span class="pp-class-382 pa t49792 l18526 ls1759">price </span><span class="pp-class-382 pa t49792 l49793 ls1323">less </span><span class="pp-class-382 pa t49792 l42422 ls1759">sales </span><span class="pp-class-382 pa t49792 l49794 ls1759">costs </span><span class="pp-class-382 pa t49792 l49795 ls858">and </span><span class="pp-class-382 pa t49792 l49796 ls858">the </span><span class="pp-class-382 pa t49792 l49797 ls1323">book </span><span class="pp-class-382 pa t49792 l49798 ls1083">value </span><span class="pp-class-382 pa t49792 l49799 ls1083">at </span><span class="pp-class-382 pa t49792 l49800 ls2694">disposal </span><span class="pp-class-382 pa t49792 l49801 ls2688">date. </span><span class="pp-class-382 pa t49792 l49802 ls1759">Gains </span><span class="pp-class-382 pa t49792 l49803 ls1080">or </span><span class="pp-class-382 pa t49792 l49804 ls2486">losses </span><span class="pp-class-382 pa t49792 l49805 ls1080">on </span><span class="pp-class-382 pa t49792 l49806 ls1099">the </span><span class="pp-class-382 pa t49792 l49807 ls99">disposal </span><span class="pp-class-382 pa t49808 l3 ls103">of </span><span class="pp-class-382 pa t49808 l29517 ls2489">ferries </span><span class="pp-class-382 pa t49808 l49809 ls858">and </span><span class="pp-class-382 pa t49808 l49810 ls296">other </span><span class="pp-class-382 pa t49808 l49811 ls1759">ships </span><span class="pp-class-382 pa t49808 l49812 ls800">are </span><span class="pp-class-382 pa t49808 l49813 ls2970">recognised </span><span class="pp-class-382 pa t49808 l49814 ls1323">when </span><span class="pp-class-382 pa t49808 l49815 ls852">control </span><span class="pp-class-382 pa t49808 l49816 ls185">have </span><span class="pp-class-382 pa t49808 l49817 ls864">transferred </span><span class="pp-class-382 pa t49808 l49818 ls1759">to </span><span class="pp-class-382 pa t49808 l49819 ls1099">the </span><span class="pp-class-382 pa t49808 l49820 ls2142">buyer </span><span class="pp-class-382 pa t49808 l49821 ls1099">and </span><span class="pp-class-382 pa t49808 l49822 ls2970">are </span><span class="pp-class-382 pa t49823 l3 ls852">presented </span><span class="pp-class-382 pa t49823 l49824 ls1080">in </span><span class="pp-class-382 pa t49823 l42826 ls858">the </span><span class="pp-class-382 pa t49823 l37670 ls2486">income </span><span class="pp-class-382 pa t49823 l49825 ls1150">statement </span><span class="pp-class-382 pa t49823 l17570 ls1080">as </span><span class="pp-class-382 pa t49823 l49826 ls1148">‘Profit </span><span class="pp-class-382 pa t49823 l49827 ls1080">on </span><span class="pp-class-382 pa t49823 l49828 ls2694">disposal </span><span class="pp-class-382 pa t49823 l47897 ls103">of </span><span class="pp-class-382 pa t49823 l49829 ls1101">non-current </span><span class="pp-class-382 pa t49823 l49830 ls3474">assets, </span><span class="pp-class-382 pa t49823 l49831 ls10753">net’.</span></p><div class="pp-class-363 pp-class-395" id="pp-id-5187" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h49832 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span><span class="pp-class-386 pa t640 l49833"/><span class="pp-class-388 pa t640 l30560"/><span class="pp-class-388 pa t640 l49834 ls168">(continued)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30083 l3 ls806">Passenger </span><span class="pp-class-383 pa t30083 l17137 ls2486">cruise </span><span class="pp-class-383 pa t30083 l10216 ls830">ferries </span><span class="pp-class-383 pa t30083 l49835 ls858">and </span><span class="pp-class-383 pa t30083 l43114 ls1101">freight </span><span class="pp-class-383 pa t30083 l49836 ls858">and </span><span class="pp-class-383 pa t30083 l47164 ls1073">passenger </span><span class="pp-class-383 pa t30083 l49837 ls1759">(ro-pax) </span><span class="pp-class-383 pa t30083 l49838 ls1118">ferries</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30087 l3 ls858">Due </span><span class="pp-class-382 pa t30087 l33767 ls1759">to </span><span class="pp-class-382 pa t30087 l49839 ls1868">differences </span><span class="pp-class-382 pa t30087 l49840 ls1080">in </span><span class="pp-class-382 pa t30087 l16336 ls858">the </span><span class="pp-class-382 pa t30087 l49841 ls960">wear </span><span class="pp-class-382 pa t30087 l49842 ls103">of </span><span class="pp-class-382 pa t30087 l49843 ls99">certain </span><span class="pp-class-382 pa t30087 l49844 ls806">components </span><span class="pp-class-382 pa t30087 l49845 ls103">of </span><span class="pp-class-382 pa t30087 l49846 ls1073">passenger </span><span class="pp-class-382 pa t30087 l49847 ls2486">cruise </span><span class="pp-class-382 pa t30087 l49848 ls2489">ferries </span><span class="pp-class-382 pa t30087 l49849 ls858">and </span><span class="pp-class-382 pa t30087 l49850 ls1759">ro-pax </span><span class="pp-class-382 pa t30087 l49851 ls1073">ferries, </span><span class="pp-class-382 pa t30093 l3 ls858">the </span><span class="pp-class-382 pa t30093 l43824 ls1323">cost </span><span class="pp-class-382 pa t30093 l49852 ls103">of </span><span class="pp-class-382 pa t30093 l49853 ls1759">these </span><span class="pp-class-382 pa t30093 l2809 ls2489">ferries </span><span class="pp-class-382 pa t30093 l49854 ls1080">is </span><span class="pp-class-382 pa t30093 l49855 ls1237">divided </span><span class="pp-class-382 pa t30093 l49856 ls3474">into </span><span class="pp-class-382 pa t30093 l49857 ls806">components </span><span class="pp-class-382 pa t30093 l49858 ls1323">with </span><span class="pp-class-382 pa t30093 l49859 ls1150">low </span><span class="pp-class-382 pa t30093 l49860 ls648">wear, </span><span class="pp-class-382 pa t30093 l49861 ls1323">such </span><span class="pp-class-382 pa t30093 l49862 ls1080">as </span><span class="pp-class-382 pa t30093 l49863 ls1323">hull </span><span class="pp-class-382 pa t30093 l49864 ls1099">and </span><span class="pp-class-382 pa t30093 l49865 ls1701">engine, </span><span class="pp-class-382 pa t30093 l49866 ls302">and </span><span class="pp-class-382 pa t30098 l3 ls806">components </span><span class="pp-class-382 pa t30098 l31669 ls1323">with </span><span class="pp-class-382 pa t30098 l49867 ls1323">high </span><span class="pp-class-382 pa t30098 l49868 ls648">wear, </span><span class="pp-class-382 pa t30098 l36795 ls1323">such </span><span class="pp-class-382 pa t30098 l49869 ls1080">as </span><span class="pp-class-382 pa t30098 l49870 ls155">parts </span><span class="pp-class-382 pa t30098 l49871 ls103">of </span><span class="pp-class-382 pa t30098 l49872 ls858">the </span><span class="pp-class-382 pa t30098 l49873 ls53">hotel, </span><span class="pp-class-382 pa t30098 l49874 ls2769">catering/restaurants, </span><span class="pp-class-382 pa t30098 l49875 ls858">and </span><span class="pp-class-382 pa t30098 l44780 ls1323">shop </span><span class="pp-class-382 pa t30098 l49876 ls2784">areas.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30110 l3 ls1101">Freight </span><span class="pp-class-383 pa t30110 l13544 ls830">ferries </span><span class="pp-class-383 pa t30110 l11267 ls7094">(ro-ro)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37915 l3 ls858">The </span><span class="pp-class-382 pa t37915 l16631 ls1323">cost </span><span class="pp-class-382 pa t37915 l49877 ls103">of </span><span class="pp-class-382 pa t37915 l49878 ls852">freight </span><span class="pp-class-382 pa t37915 l49879 ls2489">ferries </span><span class="pp-class-382 pa t37915 l49880 ls1080">is </span><span class="pp-class-382 pa t37915 l49881 ls830">not </span><span class="pp-class-382 pa t37915 l49882 ls1237">divided </span><span class="pp-class-382 pa t37915 l49883 ls3474">into </span><span class="pp-class-382 pa t37915 l49884 ls806">components </span><span class="pp-class-382 pa t37915 l49885 ls1080">as </span><span class="pp-class-382 pa t37915 l49886 ls2784">there </span><span class="pp-class-382 pa t37915 l49887 ls1080">is </span><span class="pp-class-382 pa t37915 l49888 ls1080">no </span><span class="pp-class-382 pa t37915 l49889 ls2142">material </span><span class="pp-class-382 pa t37915 l49890 ls1974">difference </span><span class="pp-class-382 pa t37915 l49891 ls1080">in </span><span class="pp-class-382 pa t37915 l49892 ls1099">the </span><span class="pp-class-382 pa t37915 l49893 ls3474">wear </span><span class="pp-class-382 pa t37930 l3 ls103">of </span><span class="pp-class-382 pa t37930 l29517 ls858">the </span><span class="pp-class-382 pa t37930 l18645 ls728">various </span><span class="pp-class-382 pa t37930 l49894 ls806">components </span><span class="pp-class-382 pa t37930 l49895 ls103">of </span><span class="pp-class-382 pa t37930 l27879 ls852">freight </span><span class="pp-class-382 pa t37930 l49896 ls2489">ferries.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t49646 l3 ls2127">Depreciation </span><span class="pp-class-383 pa t49646 l30948 ls302">– </span><span class="pp-class-383 pa t49646 l49897 ls4305">expected </span><span class="pp-class-383 pa t49646 l49898 ls2486">useful </span><span class="pp-class-383 pa t49646 l49899 ls1237">life </span><span class="pp-class-383 pa t49646 l17606 ls1099">and </span><span class="pp-class-383 pa t49646 l49900 ls53">residual </span><span class="pp-class-383 pa t49646 l15396 ls728">value </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls3623">depreciation </span><span class="pp-class-382 pa t37943 l49901 ls2486">period </span><span class="pp-class-382 pa t37943 l49902 ls3278">for </span><span class="pp-class-382 pa t37943 l49903 ls806">components </span><span class="pp-class-382 pa t37943 l49904 ls1323">with </span><span class="pp-class-382 pa t37943 l11743 ls1150">low </span><span class="pp-class-382 pa t37943 l49905 ls960">wear </span><span class="pp-class-382 pa t37943 l49906 ls1080">is </span><span class="pp-class-382 pa t37943 l49907 ls1080">35 </span><span class="pp-class-382 pa t37943 l49908 ls2142">years </span><span class="pp-class-382 pa t37943 l19122 ls3278">for </span><span class="pp-class-382 pa t37943 l49909 ls806">both </span><span class="pp-class-382 pa t37943 l49910 ls1759">ro-pax </span><span class="pp-class-382 pa t37943 l49911 ls1099">and </span><span class="pp-class-382 pa t37943 l49912 ls1083">ro-ro </span><span class="pp-class-382 pa t37943 l49913 ls1305">ferries </span><span class="pp-class-382 pa t37948 l3 ls1243">from </span><span class="pp-class-382 pa t37948 l49226 ls1099">the </span><span class="pp-class-382 pa t37948 l49914 ls960">year </span><span class="pp-class-382 pa t37948 l49915 ls1080">in </span><span class="pp-class-382 pa t37948 l49916 ls1759">which </span><span class="pp-class-382 pa t37948 l49917 ls858">the </span><span class="pp-class-382 pa t37948 l34488 ls869">ferry </span><span class="pp-class-382 pa t37948 l49918 ls1150">was </span><span class="pp-class-382 pa t37948 l49919 ls1319">built. </span><span class="pp-class-382 pa t37948 l49920 ls858">The </span><span class="pp-class-382 pa t37948 l49921 ls3623">depreciation </span><span class="pp-class-382 pa t37948 l49922 ls2486">period </span><span class="pp-class-382 pa t37948 l49923 ls3278">for </span><span class="pp-class-382 pa t37948 l49924 ls1073">passenger </span><span class="pp-class-382 pa t37948 l49925 ls2486">cruise </span><span class="pp-class-382 pa t37948 l49926 ls2489">ferries </span><span class="pp-class-382 pa t37948 l49927 ls1080">is </span><span class="pp-class-382 pa t37948 l49928 ls278">45 </span><span class="pp-class-382 pa t37961 l3 ls2142">years.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37974 l3 ls858">The </span><span class="pp-class-382 pa t37974 l16631 ls8853">residual </span><span class="pp-class-382 pa t37974 l49929 ls1083">value </span><span class="pp-class-382 pa t37974 l49930 ls103">of </span><span class="pp-class-382 pa t37974 l49931 ls2489">ferries </span><span class="pp-class-382 pa t37974 l49932 ls1080">is </span><span class="pp-class-382 pa t37974 l40533 ls3105">estimated </span><span class="pp-class-382 pa t37974 l49933 ls1080">as </span><span class="pp-class-382 pa t37974 l49934 ls858">the </span><span class="pp-class-382 pa t37974 l49935 ls828">expected </span><span class="pp-class-382 pa t37974 l49936 ls3278">fair </span><span class="pp-class-382 pa t37974 l49937 ls1083">value </span><span class="pp-class-382 pa t37974 l49938 ls1083">at </span><span class="pp-class-382 pa t37974 l47994 ls1099">the </span><span class="pp-class-382 pa t37974 l49939 ls858">end </span><span class="pp-class-382 pa t37974 l49940 ls103">of </span><span class="pp-class-382 pa t37974 l49941 ls1759">their </span><span class="pp-class-382 pa t37974 l49942 ls1941">useful </span><span class="pp-class-382 pa t37974 l49943 ls1244">lifetime.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37975 l3 ls53">Management </span><span class="pp-class-382 pa t37975 l3968 ls858">has </span><span class="pp-class-382 pa t37975 l49944 ls1323">also </span><span class="pp-class-382 pa t37975 l49945 ls2970">considered </span><span class="pp-class-382 pa t37975 l49946 ls858">the </span><span class="pp-class-382 pa t37975 l49947 ls728">impact </span><span class="pp-class-382 pa t37975 l49948 ls103">of </span><span class="pp-class-382 pa t37975 l49949 ls2842">decarbonisation </span><span class="pp-class-382 pa t37975 l49950 ls1099">and </span><span class="pp-class-382 pa t37975 l49951 ls1150">climate-related </span><span class="pp-class-382 pa t37975 l49952 ls2970">risks </span><span class="pp-class-382 pa t37975 l49953 ls1080">on </span><span class="pp-class-382 pa t37975 l49954 ls302">the </span><span class="pp-class-382 pa t37977 l3 ls1941">useful </span><span class="pp-class-382 pa t37977 l49955 ls2142">lives </span><span class="pp-class-382 pa t37977 l49956 ls103">of </span><span class="pp-class-382 pa t37977 l49957 ls8853">existing </span><span class="pp-class-382 pa t37977 l49958 ls3474">assets. </span><span class="pp-class-382 pa t37977 l49959 ls1323">Such </span><span class="pp-class-382 pa t37977 l49960 ls2970">risks </span><span class="pp-class-382 pa t37977 l49961 ls296">include </span><span class="pp-class-382 pa t37977 l20559 ls1150">new </span><span class="pp-class-382 pa t37977 l49962 ls1150">climate-related </span><span class="pp-class-382 pa t37977 l49909 ls688">legislation </span><span class="pp-class-382 pa t37977 l49963 ls4299">restricting </span><span class="pp-class-382 pa t37977 l49964 ls858">the </span><span class="pp-class-382 pa t37977 l49965 ls1099">use </span><span class="pp-class-382 pa t37977 l49966 ls134">of </span><span class="pp-class-382 pa t36901 l3 ls99">certain </span><span class="pp-class-382 pa t36901 l49967 ls3474">assets, </span><span class="pp-class-382 pa t36901 l49968 ls1150">new </span><span class="pp-class-382 pa t36901 l3084 ls238">technology </span><span class="pp-class-382 pa t36901 l49969 ls2694">demanded </span><span class="pp-class-382 pa t36901 l49970 ls2784">by </span><span class="pp-class-382 pa t36901 l49971 ls1150">climate-related </span><span class="pp-class-382 pa t36901 l49972 ls2113">legislation, </span><span class="pp-class-382 pa t36901 l49973 ls1099">and </span><span class="pp-class-382 pa t36901 l49974 ls858">the </span><span class="pp-class-382 pa t36901 l49975 ls8853">increase </span><span class="pp-class-382 pa t36901 l49976 ls278">in </span><span class="pp-class-382 pa t36903 l3 ls2459">restoration </span><span class="pp-class-382 pa t36903 l16238 ls1759">costs </span><span class="pp-class-382 pa t36903 l49977 ls3278">for </span><span class="pp-class-382 pa t36903 l13200 ls296">terminal </span><span class="pp-class-382 pa t36903 l49978 ls1118">sites </span><span class="pp-class-382 pa t36903 l49979 ls858">due </span><span class="pp-class-382 pa t36903 l34537 ls1759">to </span><span class="pp-class-382 pa t36903 l49980 ls1150">new </span><span class="pp-class-382 pa t36903 l48052 ls2147">and/or </span><span class="pp-class-382 pa t36903 l49981 ls1243">more </span><span class="pp-class-382 pa t36903 l49982 ls1974">comprehensive </span><span class="pp-class-382 pa t36903 l49983 ls2694">policies.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t36920 l3 ls1759">Other </span><span class="pp-class-383 pa t36920 l49181 ls1271">non-current </span><span class="pp-class-383 pa t36920 l49182 ls238">tangible </span><span class="pp-class-383 pa t36920 l18546 ls1305">assets</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t36928 l3 ls1759">Other </span><span class="pp-class-382 pa t36928 l49184 ls1101">non-current </span><span class="pp-class-382 pa t36928 l49185 ls296">tangible </span><span class="pp-class-382 pa t36928 l16742 ls238">assets </span><span class="pp-class-382 pa t36928 l49984 ls2694">comprise </span><span class="pp-class-382 pa t36928 l49985 ls819">buildings, </span><span class="pp-class-382 pa t36928 l49986 ls296">terminals </span><span class="pp-class-382 pa t36928 l46357 ls858">and </span><span class="pp-class-382 pa t36928 l48851 ls4396">machinery, </span><span class="pp-class-382 pa t36928 l49987 ls1118">tools </span><span class="pp-class-382 pa t36928 l49988 ls302">and </span><span class="pp-class-382 pa t38016 l3 ls1941">equipment, </span><span class="pp-class-382 pa t38016 l49149 ls858">and </span><span class="pp-class-382 pa t38016 l49989 ls1073">leasehold </span><span class="pp-class-382 pa t38016 l49990 ls2145">improvements.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t38021 l3 ls858">The </span><span class="pp-class-383 pa t38021 l49991 ls6360">estimated </span><span class="pp-class-383 pa t38021 l49992 ls2486">useful </span><span class="pp-class-383 pa t38021 l49993 ls1271">lifetimes </span><span class="pp-class-383 pa t38021 l49994 ls1101">are </span><span class="pp-class-383 pa t38021 l34654 ls1080">as </span><span class="pp-class-383 pa t38021 l49995 ls864">follows:</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t38039 l3 ls302">• </span><span class="pp-class-382 pa t38039 l1592 ls49996">Buildings </span><span class="pp-class-382 pa t38039 l49997 ls1080">25-50 </span><span class="pp-class-382 pa t38039 l49998 ls960">years</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49735 l3 ls302">• </span><span class="pp-class-382 pa t49735 l1592 ls49999">Terminals </span><span class="pp-class-382 pa t49735 l11869 ls1868">etc. </span><span class="pp-class-382 pa t49735 l49997 ls1759">10-40 </span><span class="pp-class-382 pa t49735 l50000 ls960">years</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49748 l3 ls302">• </span><span class="pp-class-382 pa t49748 l1592 ls50001">Equipment </span><span class="pp-class-382 pa t49748 l50002 ls1868">etc. </span><span class="pp-class-382 pa t49748 l49997 ls1323">4-10 </span><span class="pp-class-382 pa t49748 l50003 ls960">years</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49765 l3 ls302">• </span><span class="pp-class-382 pa t49765 l1592 ls49996">Leasehold </span><span class="pp-class-382 pa t49765 l50004 ls2145">improvements </span><span class="pp-class-382 pa t49765 l49997 ls1323">Max. </span><span class="pp-class-382 pa t49765 l50005 ls1194">depreciated </span><span class="pp-class-382 pa t49765 l50006 ls2671">over </span><span class="pp-class-382 pa t49765 l50007 ls1099">the </span><span class="pp-class-382 pa t49765 l50008 ls1073">term </span><span class="pp-class-382 pa t49765 l50009 ls103">of </span><span class="pp-class-382 pa t49765 l50010 ls858">the </span><span class="pp-class-382 pa t49765 l50011 ls1080">lease </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49777 l3 ls1759">Gains </span><span class="pp-class-382 pa t49777 l49778 ls1080">or </span><span class="pp-class-382 pa t49777 l49779 ls2486">losses </span><span class="pp-class-382 pa t49777 l49780 ls1237">arising </span><span class="pp-class-382 pa t49777 l6146 ls1243">from </span><span class="pp-class-382 pa t49777 l50012 ls858">the </span><span class="pp-class-382 pa t49777 l50013 ls2694">disposal </span><span class="pp-class-382 pa t49777 l50014 ls103">of </span><span class="pp-class-382 pa t49777 l50015 ls296">other </span><span class="pp-class-382 pa t49777 l34011 ls1101">non-current </span><span class="pp-class-382 pa t49777 l50016 ls296">tangible </span><span class="pp-class-382 pa t49777 l50017 ls238">assets </span><span class="pp-class-382 pa t49777 l44207 ls800">are </span><span class="pp-class-382 pa t49777 l50018 ls803">calculated </span><span class="pp-class-382 pa t49777 l50019 ls1080">as </span><span class="pp-class-382 pa t49777 l50020 ls302">the </span><span class="pp-class-382 pa t49792 l3 ls1974">difference </span><span class="pp-class-382 pa t49792 l46078 ls1244">between </span><span class="pp-class-382 pa t49792 l46617 ls858">the </span><span class="pp-class-382 pa t49792 l26498 ls1759">sales </span><span class="pp-class-382 pa t49792 l50021 ls1759">price </span><span class="pp-class-382 pa t49792 l50022 ls1323">less </span><span class="pp-class-382 pa t49792 l50023 ls1759">sales </span><span class="pp-class-382 pa t49792 l50024 ls1759">costs </span><span class="pp-class-382 pa t49792 l50025 ls858">and </span><span class="pp-class-382 pa t49792 l50026 ls1099">the </span><span class="pp-class-382 pa t49792 l50027 ls1323">book </span><span class="pp-class-382 pa t49792 l37325 ls1083">value </span><span class="pp-class-382 pa t49792 l50028 ls1083">at </span><span class="pp-class-382 pa t49792 l50029 ls2694">disposal </span><span class="pp-class-382 pa t49792 l50030 ls2688">date. </span><span class="pp-class-382 pa t49792 l50031 ls1759">Gains </span><span class="pp-class-382 pa t49792 l50032 ls278">or </span><span class="pp-class-382 pa t49808 l3 ls2486">losses </span><span class="pp-class-382 pa t49808 l16285 ls1080">on </span><span class="pp-class-382 pa t49808 l50033 ls1099">the </span><span class="pp-class-382 pa t49808 l50034 ls2694">disposal </span><span class="pp-class-382 pa t49808 l50035 ls103">of </span><span class="pp-class-382 pa t49808 l3654 ls1759">these </span><span class="pp-class-382 pa t49808 l50036 ls1101">non-current </span><span class="pp-class-382 pa t49808 l50037 ls238">assets </span><span class="pp-class-382 pa t49808 l50038 ls800">are </span><span class="pp-class-382 pa t49808 l50039 ls2970">recognised </span><span class="pp-class-382 pa t49808 l50040 ls1080">in </span><span class="pp-class-382 pa t49808 l50041 ls858">the </span><span class="pp-class-382 pa t49808 l50042 ls2486">income </span><span class="pp-class-382 pa t49808 l50043 ls1150">statement </span><span class="pp-class-382 pa t49808 l50044 ls1080">as </span><span class="pp-class-382 pa t49808 l50045 ls3477">‘Profit </span><span class="pp-class-382 pa t49823 l3 ls1080">on </span><span class="pp-class-382 pa t49823 l50046 ls2694">disposal </span><span class="pp-class-382 pa t49823 l29589 ls103">of </span><span class="pp-class-382 pa t49823 l50047 ls1101">non-current </span><span class="pp-class-382 pa t49823 l50048 ls3474">assets, </span><span class="pp-class-382 pa t49823 l13242 ls806">net'.</span></p></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5195" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h50924 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30083 l3 ls2842">Group </span><span class="pp-class-383 pa t30083 l50797 ls1080">as </span><span class="pp-class-383 pa t30083 l50798 ls296">lessee </span><span class="pp-class-383 pa t30083 l50925 ls296">(lease </span><span class="pp-class-383 pa t30083 l43760 ls1080">in)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30087 l3 ls1099 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t30087 l4189 ls1316 wtro3159 wtr1293 tro3160 tr1294">right-of-use </span><span class="pp-class-382 pa t30087 l50926 ls296 wtro3159 wtr1293 tro3160 tr1294">asset </span><span class="pp-class-382 pa t30087 l50927 ls858 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t30087 l50928 ls2889 wtro3159 wtr1293 tro3160 tr1294">corresponding </span><span class="pp-class-382 pa t30087 l50929 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30087 l50930 ls1073 wtro3159 wtr1293 tro3160 tr1294">liability </span><span class="pp-class-382 pa t30087 l50931 ls1080 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t30087 l50932 ls2970 wtro3159 wtr1293 tro3160 tr1294">recognised </span><span class="pp-class-382 pa t30087 l50933 ls1083 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t30087 l50934 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30087 l50935 ls296 wtro3159 wtr1293 tro3160 tr1294">commencement </span><span class="pp-class-382 pa t30087 l50936 ls2688 wtro3159 wtr1293 tro3160 tr1294">date, </span><span class="pp-class-382 pa t30087 l50937 ls3474 wtro3159 wtr1293 tro3160 tr1294">i.e. </span><span class="pp-class-382 pa t30093 l3 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30093 l50938 ls852 wtro3159 wtr1293 tro3160 tr1294">date </span><span class="pp-class-382 pa t30093 l24223 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30093 l50939 ls1083 wtro3159 wtr1293 tro3160 tr1294">underlying </span><span class="pp-class-382 pa t30093 l50940 ls296 wtro3159 wtr1293 tro3160 tr1294">asset </span><span class="pp-class-382 pa t30093 l50941 ls1080 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t30093 l50942 ls646 wtro3159 wtr1293 tro3160 tr1294">ready </span><span class="pp-class-382 pa t30093 l50943 ls3278 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t30093 l50944 ls4275 wtro3159 wtr1293 tro3160 tr1294">use. </span><span class="pp-class-382 pa t30093 l50945 ls1316 wtro3159 wtr1293 tro3160 tr1294">Right-of-use </span><span class="pp-class-382 pa t30093 l50946 ls238 wtro3159 wtr1293 tro3160 tr1294">assets </span><span class="pp-class-382 pa t30093 l50947 ls800 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t30093 l50948 ls8853 wtro3159 wtr1293 tro3160 tr1294">measured </span><span class="pp-class-382 pa t30093 l50949 ls1083 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t30093 l50950 ls1323 wtro3159 wtr1293 tro3160 tr1294">cost </span><span class="pp-class-382 pa t30093 l50951 ls2842 wtro3159 wtr1293 tro3160 tr1294">corresponding </span><span class="pp-class-382 pa t30098 l3 ls1759 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t30098 l50952 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30098 l50953 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30098 l50954 ls1073 wtro3159 wtr1293 tro3160 tr1294">liability </span><span class="pp-class-382 pa t30098 l50955 ls2142 wtro3159 wtr1293 tro3160 tr1294">recognised, </span><span class="pp-class-382 pa t30098 l50956 ls2113 wtro3159 wtr1293 tro3160 tr1294">adjusted </span><span class="pp-class-382 pa t30098 l50957 ls3278 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t30098 l50958 ls3278 wtro3159 wtr1293 tro3160 tr1294">any </span><span class="pp-class-382 pa t30098 l36275 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30098 l50959 ls2760 wtro3159 wtr1293 tro3160 tr1294">prepayments </span><span class="pp-class-382 pa t30098 l50960 ls3474 wtro3159 wtr1293 tro3160 tr1294">including </span><span class="pp-class-382 pa t30098 l50961 ls806 wtro3159 wtr1293 tro3160 tr1294">dismantling </span><span class="pp-class-382 pa t30098 l50962 ls302 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t30105 l3 ls2459 wtro3159 wtr1293 tro3160 tr1294">restoration </span><span class="pp-class-382 pa t30105 l50963 ls2486 wtro3159 wtr1293 tro3160 tr1294">costs. </span><span class="pp-class-382 pa t30105 l50964 ls858 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t30105 l50965 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30105 l50966 ls1118 wtro3159 wtr1293 tro3160 tr1294">liabilities </span><span class="pp-class-382 pa t30105 l50967 ls800 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t30105 l50968 ls8853 wtro3159 wtr1293 tro3160 tr1294">measured </span><span class="pp-class-382 pa t30105 l50969 ls1083 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t30105 l50970 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30105 l50971 ls852 wtro3159 wtr1293 tro3160 tr1294">present </span><span class="pp-class-382 pa t30105 l50972 ls1083 wtro3159 wtr1293 tro3160 tr1294">value </span><span class="pp-class-382 pa t30105 l50973 ls103 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t30105 l50974 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30105 l50975 ls5069 wtro3159 wtr1293 tro3160 tr1294">payments </span><span class="pp-class-382 pa t30105 l50976 ls1759 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t30105 l50977 ls1080 wtro3159 wtr1293 tro3160 tr1294">be </span><span class="pp-class-382 pa t30105 l25971 ls1323 wtro3159 wtr1293 tro3160 tr1294">made </span><span class="pp-class-382 pa t30110 l3 ls2671 wtro3159 wtr1293 tro3160 tr1294">over </span><span class="pp-class-382 pa t30110 l50978 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30110 l50979 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30110 l50980 ls1118 wtro3159 wtr1293 tro3160 tr1294">term. </span><span class="pp-class-382 pa t30110 l50981 ls1099 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t30110 l50982 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30110 l15525 ls5069 wtro3159 wtr1293 tro3160 tr1294">payments </span><span class="pp-class-382 pa t30110 l50983 ls800 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t30110 l50984 ls1701 wtro3159 wtr1293 tro3160 tr1294">discounted </span><span class="pp-class-382 pa t30110 l50985 ls1759 wtro3159 wtr1293 tro3160 tr1294">using </span><span class="pp-class-382 pa t30110 l50986 ls1759 wtro3159 wtr1293 tro3160 tr1294">DFDS’ </span><span class="pp-class-382 pa t30110 l50987 ls1150 wtro3159 wtr1293 tro3160 tr1294">incremental </span><span class="pp-class-382 pa t30110 l50988 ls1463 wtro3159 wtr1293 tro3160 tr1294">borrowing </span><span class="pp-class-382 pa t30110 l50989 ls26 wtro3159 wtr1293 tro3160 tr1294">rate. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37930 l3 ls3623">Depreciation </span><span class="pp-class-382 pa t37930 l50990 ls1463">follows </span><span class="pp-class-382 pa t37930 l50991 ls858">the </span><span class="pp-class-382 pa t37930 l50992 ls1316">straight-line </span><span class="pp-class-382 pa t37930 l50993 ls238">method </span><span class="pp-class-382 pa t37930 l50994 ls2671">over </span><span class="pp-class-382 pa t37930 l39073 ls858">the </span><span class="pp-class-382 pa t37930 l50995 ls1759">lease </span><span class="pp-class-382 pa t37930 l50996 ls1073">term </span><span class="pp-class-382 pa t37930 l50997 ls1080">or </span><span class="pp-class-382 pa t37930 l50998 ls858">the </span><span class="pp-class-382 pa t37930 l50999 ls1941">useful </span><span class="pp-class-382 pa t37930 l51000 ls3278">life </span><span class="pp-class-382 pa t37930 l51001 ls103">of </span><span class="pp-class-382 pa t37930 l51002 ls1099">the </span><span class="pp-class-382 pa t37930 l51003 ls1148">right-of-use </span><span class="pp-class-382 pa t37942 l3 ls3474">assets, </span><span class="pp-class-382 pa t37942 l51004 ls6007">whichever </span><span class="pp-class-382 pa t37942 l13874 ls1080">is </span><span class="pp-class-382 pa t37942 l51005 ls1099">shortest. </span><span class="pp-class-382 pa t37942 l51006 ls7736">However, </span><span class="pp-class-382 pa t37942 l51007 ls3278">for </span><span class="pp-class-382 pa t37942 l51008 ls858">one </span><span class="pp-class-382 pa t37942 l51009 ls296">terminal </span><span class="pp-class-382 pa t37942 l51010 ls858">the </span><span class="pp-class-382 pa t37942 l51011 ls3623">depreciation </span><span class="pp-class-382 pa t37942 l51012 ls1080">is </span><span class="pp-class-382 pa t37942 l51013 ls1759">based </span><span class="pp-class-382 pa t37942 l51014 ls1080">on </span><span class="pp-class-382 pa t37942 l51015 ls2842">volumes </span><span class="pp-class-382 pa t49646 l3 ls1237">handled </span><span class="pp-class-382 pa t49646 l34494 ls1080">in </span><span class="pp-class-382 pa t49646 l51016 ls858">the </span><span class="pp-class-382 pa t49646 l51017 ls296">terminal.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37948 l3 ls1264">The </span><span class="pp-class-382 pa t37948 l34050 ls166">lease </span><span class="pp-class-382 pa t37948 l37889 ls124">payments </span><span class="pp-class-382 pa t37948 l51018 ls332">include </span><span class="pp-class-382 pa t37948 l22712 ls1955">fixed </span><span class="pp-class-382 pa t37948 l40070 ls124">payments </span><span class="pp-class-382 pa t37948 l51019 ls258">less </span><span class="pp-class-382 pa t37948 l51020 ls180">any </span><span class="pp-class-382 pa t37948 l51021 ls166">lease </span><span class="pp-class-382 pa t37948 l51022 ls134">incentives </span><span class="pp-class-382 pa t37948 l51023 ls214">receivable </span><span class="pp-class-382 pa t37948 l51024 ls704">and </span><span class="pp-class-382 pa t37948 l51025 ls884">variable </span><span class="pp-class-382 pa t37948 l43997 ls193">lease </span><span class="pp-class-382 pa t37961 l3 ls124">payments </span><span class="pp-class-382 pa t37961 l51026 ls302">that </span><span class="pp-class-382 pa t37961 l34319 ls166">depend </span><span class="pp-class-382 pa t37961 l51027 ls193">on </span><span class="pp-class-382 pa t37961 l51028 ls193">an </span><span class="pp-class-382 pa t37961 l51029 ls1955">index </span><span class="pp-class-382 pa t37961 l51030 ls193">or </span><span class="pp-class-382 pa t37961 l51031 ls175">a </span><span class="pp-class-382 pa t37961 l21960 ls2889">rate. </span><span class="pp-class-382 pa t37961 l51032 ls193">If </span><span class="pp-class-382 pa t37961 l51033 ls704">the </span><span class="pp-class-382 pa t37961 l37613 ls3566">contract </span><span class="pp-class-382 pa t37961 l51034 ls166">holds </span><span class="pp-class-382 pa t37961 l51035 ls193">an </span><span class="pp-class-382 pa t37961 l51036 ls254">option </span><span class="pp-class-382 pa t37961 l51037 ls78">to </span><span class="pp-class-382 pa t37961 l51038 ls2482">purchase, </span><span class="pp-class-382 pa t37961 l51039 ls155">extend </span><span class="pp-class-382 pa t37961 l51040 ls842">or </span><span class="pp-class-382 pa t37974 l3 ls124">terminate </span><span class="pp-class-382 pa t37974 l51041 ls175">a </span><span class="pp-class-382 pa t37974 l31222 ls166">lease </span><span class="pp-class-382 pa t37974 l51042 ls704">and </span><span class="pp-class-382 pa t37974 l51043 ls193">it </span><span class="pp-class-382 pa t37974 l51044 ls193">is </span><span class="pp-class-382 pa t37974 l51045 ls1123">reasonably </span><span class="pp-class-382 pa t37974 l44825 ls813">certain </span><span class="pp-class-382 pa t37974 l51046 ls78">to </span><span class="pp-class-382 pa t37974 l16555 ls193">be </span><span class="pp-class-382 pa t37974 l51047 ls3474">exercised </span><span class="pp-class-382 pa t37974 l51048 ls1309">by </span><span class="pp-class-382 pa t37974 l51049 ls704">the </span><span class="pp-class-382 pa t37974 l51050 ls1080">Group, </span><span class="pp-class-382 pa t37974 l51051 ls1264">the </span><span class="pp-class-382 pa t37974 l51052 ls166">lease </span><span class="pp-class-382 pa t37974 l51053 ls150">liability </span><span class="pp-class-382 pa t37974 l51054 ls45">will </span><span class="pp-class-382 pa t49077 l3 ls332">include </span><span class="pp-class-382 pa t49077 l51055 ls78">those. </span><span class="pp-class-382 pa t49077 l51056 ls704">The </span><span class="pp-class-382 pa t49077 l51057 ls884">variable </span><span class="pp-class-382 pa t49077 l51058 ls166">lease </span><span class="pp-class-382 pa t49077 l23044 ls124">payments </span><span class="pp-class-382 pa t49077 l6045 ls302">that </span><span class="pp-class-382 pa t49077 l51059 ls193">do </span><span class="pp-class-382 pa t49077 l51060 ls671">not </span><span class="pp-class-382 pa t49077 l51061 ls166">depend </span><span class="pp-class-382 pa t49077 l51062 ls193">on </span><span class="pp-class-382 pa t49077 l51063 ls193">an </span><span class="pp-class-382 pa t49077 l51064 ls1955">index </span><span class="pp-class-382 pa t49077 l51065 ls193">or </span><span class="pp-class-382 pa t49077 l51066 ls175">a </span><span class="pp-class-382 pa t49077 l51067 ls3105">rate </span><span class="pp-class-382 pa t49077 l51068 ls1323">are </span><span class="pp-class-382 pa t49077 l51069 ls16">recognised </span><span class="pp-class-382 pa t37975 l3 ls193">as </span><span class="pp-class-382 pa t37975 l50046 ls203">expenses </span><span class="pp-class-382 pa t37975 l51070 ls193">in </span><span class="pp-class-382 pa t37975 l17237 ls704">the </span><span class="pp-class-382 pa t37975 l22711 ls166">period </span><span class="pp-class-382 pa t37975 l51071 ls193">on </span><span class="pp-class-382 pa t37975 l51072 ls166">which </span><span class="pp-class-382 pa t37975 l51073 ls704">the </span><span class="pp-class-382 pa t37975 l51074 ls869">event </span><span class="pp-class-382 pa t37975 l51075 ls193">or </span><span class="pp-class-382 pa t37975 l51076 ls150">condition </span><span class="pp-class-382 pa t37975 l51077 ls302">that </span><span class="pp-class-382 pa t37975 l51078 ls150">triggers </span><span class="pp-class-382 pa t37975 l51079 ls704">the </span><span class="pp-class-382 pa t37975 l51080 ls68">payment </span><span class="pp-class-382 pa t37975 l51081 ls704">occurs. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t36901 l3 ls858">The </span><span class="pp-class-382 pa t36901 l16631 ls2784">Group </span><span class="pp-class-382 pa t36901 l4002 ls1237">applies </span><span class="pp-class-382 pa t36901 l51082 ls858">the </span><span class="pp-class-382 pa t36901 l51083 ls1859">short-term </span><span class="pp-class-382 pa t36901 l51084 ls1759">lease </span><span class="pp-class-382 pa t36901 l37746 ls2142">recognition </span><span class="pp-class-382 pa t36901 l16506 ls3630">exemption </span><span class="pp-class-382 pa t36901 l51048 ls3278">for </span><span class="pp-class-382 pa t36901 l51085 ls1759">lease </span><span class="pp-class-382 pa t36901 l43941 ls7694">contracts </span><span class="pp-class-382 pa t36901 l20631 ls1772">that, </span><span class="pp-class-382 pa t36901 l51086 ls1083">at </span><span class="pp-class-382 pa t36901 l51087 ls302">the </span><span class="pp-class-382 pa t36903 l3 ls296">commencement </span><span class="pp-class-382 pa t36903 l51088 ls2688">date, </span><span class="pp-class-382 pa t36903 l51089 ls185">have </span><span class="pp-class-382 pa t36903 l51090 ls302">a </span><span class="pp-class-382 pa t36903 l51091 ls1759">lease </span><span class="pp-class-382 pa t36903 l51092 ls1073">term </span><span class="pp-class-382 pa t36903 l51093 ls103">of </span><span class="pp-class-382 pa t36903 l51094 ls1080">12 </span><span class="pp-class-382 pa t36903 l51095 ls1073">months </span><span class="pp-class-382 pa t36903 l51096 ls1080">or </span><span class="pp-class-382 pa t36903 l51097 ls1323">less </span><span class="pp-class-382 pa t36903 l51098 ls3278">for </span><span class="pp-class-382 pa t36903 l51099 ls1099">all </span><span class="pp-class-382 pa t36903 l51100 ls1237">classes </span><span class="pp-class-382 pa t36903 l51101 ls103">of </span><span class="pp-class-382 pa t36903 l51102 ls1083">underlying </span><span class="pp-class-382 pa t36903 l51103 ls869">assets </span><span class="pp-class-382 pa t36916 l3 ls3382">except </span><span class="pp-class-382 pa t36916 l51104 ls3278">for </span><span class="pp-class-382 pa t36916 l51105 ls296">terminals </span><span class="pp-class-382 pa t36916 l17478 ls858">and </span><span class="pp-class-382 pa t36916 l51106 ls2489">ferries </span><span class="pp-class-382 pa t36916 l51107 ls858">and </span><span class="pp-class-382 pa t36916 l51108 ls296">other </span><span class="pp-class-382 pa t36916 l51109 ls2486">ships, </span><span class="pp-class-382 pa t36916 l51110 ls1099">and </span><span class="pp-class-382 pa t36916 l51111 ls1099">the </span><span class="pp-class-382 pa t36916 l51112 ls3630">exemption </span><span class="pp-class-382 pa t36916 l51113 ls3278">for </span><span class="pp-class-382 pa t36916 l51114 ls1759">lease </span><span class="pp-class-382 pa t36916 l51115 ls7694">contracts </span><span class="pp-class-382 pa t36916 l31745 ls3278">for </span><span class="pp-class-382 pa t36916 l51116 ls1759">which </span><span class="pp-class-382 pa t36916 l51117 ls302">the </span><span class="pp-class-382 pa t36920 l3 ls1083">underlying </span><span class="pp-class-382 pa t36920 l28464 ls296">asset </span><span class="pp-class-382 pa t36920 l51118 ls1080">is </span><span class="pp-class-382 pa t36920 l51119 ls103">of </span><span class="pp-class-382 pa t36920 l51120 ls1150">low </span><span class="pp-class-382 pa t36920 l51121 ls2760">value. </span><span class="pp-class-382 pa t36920 l51122 ls1759">Lease </span><span class="pp-class-382 pa t36920 l51123 ls5069">payments </span><span class="pp-class-382 pa t36920 l51124 ls1080">on </span><span class="pp-class-382 pa t36920 l51125 ls1859">short-term </span><span class="pp-class-382 pa t36920 l51126 ls2486">leases </span><span class="pp-class-382 pa t36920 l51127 ls858">and </span><span class="pp-class-382 pa t36920 l51128 ls2486">leases </span><span class="pp-class-382 pa t36920 l43033 ls103">of </span><span class="pp-class-382 pa t36920 l51129 ls2145">low-value </span><span class="pp-class-382 pa t36920 l51130 ls869">assets </span><span class="pp-class-382 pa t36928 l3 ls800">are </span><span class="pp-class-382 pa t36928 l43707 ls2970">recognised </span><span class="pp-class-382 pa t36928 l51131 ls1080">as </span><span class="pp-class-382 pa t36928 l51132 ls8853">expenses </span><span class="pp-class-382 pa t36928 l51133 ls1080">on </span><span class="pp-class-382 pa t36928 l51134 ls302">a </span><span class="pp-class-382 pa t36928 l51135 ls1316">straight-line </span><span class="pp-class-382 pa t36928 l51136 ls1759">basis </span><span class="pp-class-382 pa t36928 l30966 ls2671">over </span><span class="pp-class-382 pa t36928 l51137 ls858">the </span><span class="pp-class-382 pa t36928 l51138 ls1759">lease </span><span class="pp-class-382 pa t36928 l51139 ls1118">term. </span><span class="pp-class-382 pa t36928 l51140 ls1772">For </span><span class="pp-class-382 pa t36928 l51141 ls858">all </span><span class="pp-class-382 pa t36928 l51142 ls1237">classes </span><span class="pp-class-382 pa t36928 l51143 ls103">of </span><span class="pp-class-382 pa t36928 l51144 ls187">assets, </span><span class="pp-class-382 pa t38016 l3 ls3382">except </span><span class="pp-class-382 pa t38016 l51104 ls3278">for </span><span class="pp-class-382 pa t38016 l51105 ls238">terminals, </span><span class="pp-class-382 pa t38016 l51145 ls1323">non-lease </span><span class="pp-class-382 pa t38016 l51146 ls806">components, </span><span class="pp-class-382 pa t38016 l51147 ls2142">i.e., </span><span class="pp-class-382 pa t38016 l50874 ls1099">the </span><span class="pp-class-382 pa t38016 l51148 ls3572">service </span><span class="pp-class-382 pa t38016 l51149 ls1077">element, </span><span class="pp-class-382 pa t38016 l51150 ls1080">is </span><span class="pp-class-382 pa t38016 l50725 ls830">not </span><span class="pp-class-382 pa t38016 l51151 ls3377">separated </span><span class="pp-class-382 pa t38016 l51152 ls1243">from </span><span class="pp-class-382 pa t38016 l51153 ls302">the </span><span class="pp-class-382 pa t49235 l3 ls1759">lease </span><span class="pp-class-382 pa t49235 l51154 ls806">components </span><span class="pp-class-382 pa t49235 l45792 ls1099">and </span><span class="pp-class-382 pa t49235 l51155 ls2145">thereby </span><span class="pp-class-382 pa t49235 l51156 ls3278">form </span><span class="pp-class-382 pa t49235 l51157 ls658">part </span><span class="pp-class-382 pa t49235 l51158 ls103">of </span><span class="pp-class-382 pa t49235 l51159 ls1099">the </span><span class="pp-class-382 pa t49235 l51160 ls1316">right-of-use </span><span class="pp-class-382 pa t49235 l51161 ls296">asset </span><span class="pp-class-382 pa t49235 l51162 ls858">and </span><span class="pp-class-382 pa t49235 l51163 ls1759">lease </span><span class="pp-class-382 pa t49235 l51164 ls1073">liability </span><span class="pp-class-382 pa t49235 l51165 ls2970">recognised </span><span class="pp-class-382 pa t49235 l51166 ls278">in </span><span class="pp-class-382 pa t38021 l3 ls858">the </span><span class="pp-class-382 pa t38021 l43824 ls1237">balance </span><span class="pp-class-382 pa t38021 l51167 ls1759">sheet.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t38039 l3 ls1772">For </span><span class="pp-class-382 pa t38039 l44017 ls7694">contracts </span><span class="pp-class-382 pa t38039 l51168 ls1323">with </span><span class="pp-class-382 pa t38039 l51169 ls302">a </span><span class="pp-class-382 pa t38039 l51170 ls1150">rolling </span><span class="pp-class-382 pa t38039 l51171 ls1073">term </span><span class="pp-class-382 pa t38039 l37683 ls16981">(evergreen </span><span class="pp-class-382 pa t38039 l51172 ls1818">leases), </span><span class="pp-class-382 pa t38039 l51173 ls1099">the </span><span class="pp-class-382 pa t38039 l51174 ls53">Management </span><span class="pp-class-382 pa t38039 l51175 ls2848">exercises </span><span class="pp-class-382 pa t38039 l51176 ls1319">judgement </span><span class="pp-class-382 pa t38039 l51177 ls278">in </span><span class="pp-class-382 pa t49735 l3 ls2489">determining </span><span class="pp-class-382 pa t49735 l51178 ls1941">useful </span><span class="pp-class-382 pa t49735 l51179 ls2088">lifetime </span><span class="pp-class-382 pa t49735 l51180 ls103">of </span><span class="pp-class-382 pa t49735 l17618 ls858">the </span><span class="pp-class-382 pa t49735 l51181 ls1083">underlying </span><span class="pp-class-382 pa t49735 l51182 ls1316">right-of-use </span><span class="pp-class-382 pa t49735 l51183 ls1759">asset.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49765 l3 ls1080">As </span><span class="pp-class-382 pa t49765 l50750 ls1243">from </span><span class="pp-class-382 pa t49765 l51184 ls302">1 </span><span class="pp-class-382 pa t49765 l51185 ls3572">January </span><span class="pp-class-382 pa t49765 l30704 ls1150">2024 </span><span class="pp-class-382 pa t49765 l51186 ls858">the </span><span class="pp-class-382 pa t49765 l51187 ls2784">Group </span><span class="pp-class-382 pa t49765 l51188 ls1323">will </span><span class="pp-class-382 pa t49765 l51189 ls2486">change </span><span class="pp-class-382 pa t49765 l51190 ls858">its </span><span class="pp-class-382 pa t49765 l41676 ls53">accounting </span><span class="pp-class-382 pa t49765 l51191 ls2694">policies </span><span class="pp-class-382 pa t49765 l51192 ls2145">regarding </span><span class="pp-class-382 pa t49765 l51193 ls1859">short-term </span><span class="pp-class-382 pa t49765 l51194 ls2486">leases </span><span class="pp-class-382 pa t49765 l51195 ls99">for </span><span class="pp-class-382 pa t51196 l3 ls2489">ferries </span><span class="pp-class-382 pa t51196 l49766 ls858">and </span><span class="pp-class-382 pa t51196 l46034 ls296">other </span><span class="pp-class-382 pa t51196 l3016 ls1759">ships </span><span class="pp-class-382 pa t51196 l51197 ls1080">as </span><span class="pp-class-382 pa t51196 l51198 ls960">well </span><span class="pp-class-382 pa t51196 l40533 ls1080">as </span><span class="pp-class-382 pa t51196 l44977 ls53">accounting </span><span class="pp-class-382 pa t51196 l51199 ls7694">treatment </span><span class="pp-class-382 pa t51196 l44265 ls103">of </span><span class="pp-class-382 pa t51196 l51200 ls858">the </span><span class="pp-class-382 pa t51196 l51201 ls1323">non-lease </span><span class="pp-class-382 pa t51196 l51202 ls806">components. </span><span class="pp-class-382 pa t51196 l51203 ls2486">Please </span><span class="pp-class-382 pa t51196 l51204 ls3435">refer </span><span class="pp-class-382 pa t51196 l51205 ls302">to </span><span class="pp-class-382 pa t49777 l3 ls3474">section </span><span class="pp-class-382 pa t49777 l50748 ls858">1.2 </span><span class="pp-class-382 pa t49777 l51206 ls960">"New </span><span class="pp-class-382 pa t49777 l43023 ls53">accounting </span><span class="pp-class-382 pa t49777 l34285 ls2694">policies </span><span class="pp-class-382 pa t49777 l51207 ls858">and </span><span class="pp-class-382 pa t49777 l51208 ls3105">disclosures".</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t49808 l3 ls2842">Group </span><span class="pp-class-383 pa t49808 l50797 ls1080">as </span><span class="pp-class-383 pa t49808 l50798 ls296">lessor </span><span class="pp-class-383 pa t49808 l51209 ls296">(lease </span><span class="pp-class-383 pa t49808 l51210 ls858">out)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49823 l3 ls1772">For </span><span class="pp-class-382 pa t49823 l44017 ls53">accounting </span><span class="pp-class-382 pa t49823 l51211 ls1073">purposes, </span><span class="pp-class-382 pa t49823 l51212 ls238">assets </span><span class="pp-class-382 pa t49823 l51213 ls2486">leased </span><span class="pp-class-382 pa t49823 l16801 ls858">out </span><span class="pp-class-382 pa t49823 l10091 ls800">are </span><span class="pp-class-382 pa t49823 l51214 ls1237">divided </span><span class="pp-class-382 pa t49823 l51215 ls3474">into </span><span class="pp-class-382 pa t49823 l51216 ls1237">finance </span><span class="pp-class-382 pa t49823 l51217 ls1099">and </span><span class="pp-class-382 pa t49823 l51218 ls2760">operating </span><span class="pp-class-382 pa t49823 l51219 ls1237">leases. </span><span class="pp-class-382 pa t49823 l51220 ls1080">In </span><span class="pp-class-382 pa t49823 l51221 ls960">respect </span><span class="pp-class-382 pa t51222 l3 ls103">of </span><span class="pp-class-382 pa t51222 l29517 ls238">assets </span><span class="pp-class-382 pa t51222 l18526 ls2486">leased </span><span class="pp-class-382 pa t51222 l51223 ls858">out </span><span class="pp-class-382 pa t51222 l51224 ls1080">on </span><span class="pp-class-382 pa t51222 l51225 ls302">a </span><span class="pp-class-382 pa t51222 l51226 ls1237">finance </span><span class="pp-class-382 pa t51222 l51227 ls1701">lease, </span><span class="pp-class-382 pa t51222 l51228 ls1080">an </span><span class="pp-class-382 pa t51222 l51229 ls1073">amount </span><span class="pp-class-382 pa t51222 l51230 ls1759">equal </span><span class="pp-class-382 pa t51222 l51231 ls1759">to </span><span class="pp-class-382 pa t51222 l51232 ls1099">the </span><span class="pp-class-382 pa t51222 l51233 ls830">net </span><span class="pp-class-382 pa t51222 l48198 ls852">present </span><span class="pp-class-382 pa t51222 l51234 ls1083">value </span><span class="pp-class-382 pa t51222 l51235 ls103">of </span><span class="pp-class-382 pa t51222 l51236 ls858">the </span><span class="pp-class-382 pa t51222 l51237 ls1083">future </span><span class="pp-class-382 pa t51222 l51238 ls1080">lease </span><span class="pp-class-382 pa t51239 l3 ls5069">payments </span><span class="pp-class-382 pa t51239 l51240 ls1080">is </span><span class="pp-class-382 pa t51239 l51241 ls2970">recognised </span><span class="pp-class-382 pa t51239 l42631 ls1080">in </span><span class="pp-class-382 pa t51239 l51242 ls858">the </span><span class="pp-class-382 pa t51239 l51243 ls1237">balance </span><span class="pp-class-382 pa t51239 l51244 ls296">sheet </span><span class="pp-class-382 pa t51239 l51245 ls1080">as </span><span class="pp-class-382 pa t51239 l51246 ls302">a </span><span class="pp-class-382 pa t51239 l51247 ls1759">lease </span><span class="pp-class-382 pa t51239 l2965 ls828">receivable </span><span class="pp-class-382 pa t51239 l51248 ls1243">from </span><span class="pp-class-382 pa t51239 l51249 ls1701">lessee. </span><span class="pp-class-382 pa t51239 l51250 ls1099">The </span><span class="pp-class-382 pa t51239 l25310 ls296">asset </span><span class="pp-class-382 pa t51239 l51251 ls2486">leased </span><span class="pp-class-382 pa t51239 l51252 ls302">out </span><span class="pp-class-382 pa t51253 l3 ls1080">is </span><span class="pp-class-382 pa t51253 l46558 ls3105">reclassified </span><span class="pp-class-382 pa t51253 l2163 ls1243">from </span><span class="pp-class-382 pa t51253 l30618 ls1101">non-current </span><span class="pp-class-382 pa t51253 l51254 ls296">asset </span><span class="pp-class-382 pa t51253 l51255 ls1759">to </span><span class="pp-class-382 pa t51253 l51256 ls2486">leases </span><span class="pp-class-382 pa t51253 l12364 ls2787">receivables </span><span class="pp-class-382 pa t51253 l39126 ls1099">and </span><span class="pp-class-382 pa t51253 l51257 ls3278">any </span><span class="pp-class-382 pa t51253 l51258 ls1323">gain </span><span class="pp-class-382 pa t51253 l51259 ls1080">or </span><span class="pp-class-382 pa t51253 l51260 ls1323">loss </span><span class="pp-class-382 pa t51253 l51261 ls1237">arising </span><span class="pp-class-382 pa t51253 l51262 ls1243">from </span><span class="pp-class-382 pa t51253 l51263 ls1323">this </span><span class="pp-class-382 pa t51253 l51264 ls278">is </span><span class="pp-class-382 pa t51265 l3 ls2970">recognised </span><span class="pp-class-382 pa t51265 l44565 ls1080">in </span><span class="pp-class-382 pa t51265 l44566 ls858">the </span><span class="pp-class-382 pa t51265 l51266 ls2486">income </span><span class="pp-class-382 pa t51265 l51267 ls2889">statement. </span><span class="pp-class-382 pa t51265 l51268 ls1759">Lease </span><span class="pp-class-382 pa t51265 l51269 ls2486">income </span><span class="pp-class-382 pa t51265 l51270 ls1243">from </span><span class="pp-class-382 pa t51265 l51271 ls238">assets </span><span class="pp-class-382 pa t51265 l51272 ls2486">leased </span><span class="pp-class-382 pa t51265 l51273 ls1099">out </span><span class="pp-class-382 pa t51265 l51274 ls1080">on </span><span class="pp-class-382 pa t51265 l51275 ls1080">an </span><span class="pp-class-382 pa t51265 l47524 ls2760">operating </span><span class="pp-class-382 pa t51265 l51276 ls1759">lease </span><span class="pp-class-382 pa t51265 l51277 ls278">is </span><span class="pp-class-382 pa t51278 l3 ls2970">recognised </span><span class="pp-class-382 pa t51278 l44565 ls1080">in </span><span class="pp-class-382 pa t51278 l44566 ls858">the </span><span class="pp-class-382 pa t51278 l51266 ls2486">income </span><span class="pp-class-382 pa t51278 l51267 ls1150">statement </span><span class="pp-class-382 pa t51278 l36809 ls1080">on </span><span class="pp-class-382 pa t51278 l51279 ls302">a </span><span class="pp-class-382 pa t51278 l51280 ls1316">straight-line </span><span class="pp-class-382 pa t51278 l49210 ls1759">basis </span><span class="pp-class-382 pa t51278 l51281 ls2671">over </span><span class="pp-class-382 pa t51278 l51282 ls858">the </span><span class="pp-class-382 pa t51278 l51283 ls1759">lease </span><span class="pp-class-382 pa t51278 l51284 ls1073">term.</span></p></div></div> <div id="pp-id-5130" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h47280 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2143">2.6 </span><span class="pp-class-370 pa t21055 l43638 ls47281">Tax</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46293">2023</span><span class="pp-class-374 pa t42306 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3 ls20054">Tax </span><span class="pp-class-373 pa t42308 l47282">in </span><span class="pp-class-373 pa t42308 l47283">the </span><span class="pp-class-373 pa t42308 l47284">income </span><span class="pp-class-373 pa t42308 l47285 ls254">statement:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l3 ls1326">Current </span><span class="pp-class-372 pa t42312 l47286 ls166">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l47287 ls1759">157</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l42359">131</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l3 ls110">Movement </span><span class="pp-class-372 pa t42313 l47288">in </span><span class="pp-class-372 pa t42313 l47289 ls180">deferred </span><span class="pp-class-372 pa t42313 l47290 ls45">tax </span><span class="pp-class-372 pa t42313 l47291 ls43">for </span><span class="pp-class-372 pa t42313 l47292">the </span><span class="pp-class-372 pa t42313 l23947 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l47293">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l47294">-13</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l3 ls704">Adjustment </span><span class="pp-class-372 pa t42319 l17226 ls166">to </span><span class="pp-class-372 pa t42319 l47295 ls1326">corporation </span><span class="pp-class-372 pa t42319 l41619 ls45">tax </span><span class="pp-class-372 pa t42319 l47296">in </span><span class="pp-class-372 pa t42319 l47297 ls39">respect </span><span class="pp-class-372 pa t42319 l47298 ls287">of </span><span class="pp-class-372 pa t42319 l47299">prior </span><span class="pp-class-372 pa t42319 l37967 ls78">years </span><span class="pp-class-372 pa t42319 l47300">and </span><span class="pp-class-372 pa t42319 l47301 ls3618">one-offs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l47302">-19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l47303">23</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l3 ls704">Adjustment </span><span class="pp-class-372 pa t42324 l17226 ls166">to </span><span class="pp-class-372 pa t42324 l47295 ls180">deferred </span><span class="pp-class-372 pa t42324 l47304 ls45">tax </span><span class="pp-class-372 pa t42324 l47305">in </span><span class="pp-class-372 pa t42324 l47306 ls39">respect </span><span class="pp-class-372 pa t42324 l47307 ls287">of </span><span class="pp-class-372 pa t42324 l47308">prior </span><span class="pp-class-372 pa t42324 l47309 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l46595">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42329 l3 ls76">Effect </span><span class="pp-class-372 pa t42329 l47310 ls287">of </span><span class="pp-class-372 pa t42329 l47311">change </span><span class="pp-class-372 pa t42329 l34074">in </span><span class="pp-class-372 pa t42329 l47312 ls68">corporate </span><span class="pp-class-372 pa t42329 l47313">income </span><span class="pp-class-372 pa t42329 l41470 ls45">tax </span><span class="pp-class-372 pa t42329 l47314 ls1150">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42329 l46574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42329 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42332 l3 ls20054">Tax </span><span class="pp-class-373 pa t42332 l47282 ls175">for </span><span class="pp-class-373 pa t42332 l47316">the </span><span class="pp-class-373 pa t42332 l47317 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42332 l47318 ls78">144</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42332 l47319 ls78">142</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47320 l3 ls20054">Tax </span><span class="pp-class-373 pa t47320 l47282 ls175">for </span><span class="pp-class-373 pa t47320 l47316">the </span><span class="pp-class-373 pa t47320 l47317 ls68">year </span><span class="pp-class-373 pa t47320 l16093">is </span><span class="pp-class-373 pa t47320 l47321 ls72">recognised </span><span class="pp-class-373 pa t47320 l47322">as </span><span class="pp-class-373 pa t47320 l47323 ls88">follows:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47324 l3 ls3102">Tax </span><span class="pp-class-372 pa t47324 l42395">in </span><span class="pp-class-372 pa t47324 l47325">the </span><span class="pp-class-372 pa t47324 l47326">income </span><span class="pp-class-372 pa t47324 l47327 ls278">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47324 l42397 ls2835">142</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47324 l42398 ls2835">148</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47328 l3 ls3102">Tax </span><span class="pp-class-372 pa t47328 l42395">in </span><span class="pp-class-372 pa t47328 l47325">Other </span><span class="pp-class-372 pa t47328 l47329 ls997">comprehensive </span><span class="pp-class-372 pa t47328 l47330">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47328 l47331">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47328 l47332">-6</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42360 l3 ls20054">Tax </span><span class="pp-class-373 pa t42360 l47282 ls175">for </span><span class="pp-class-373 pa t42360 l47316">the </span><span class="pp-class-373 pa t42360 l47317 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42360 l47318 ls78">144</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42360 l47319 ls78">142</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47333 l3 ls20054">Tax </span><span class="pp-class-373 pa t47333 l47282">in </span><span class="pp-class-373 pa t47333 l47283">the </span><span class="pp-class-373 pa t47333 l47284">income </span><span class="pp-class-373 pa t47333 l47285 ls254">statement </span><span class="pp-class-373 pa t47333 l47334">can </span><span class="pp-class-373 pa t47333 l47335">be </span><span class="pp-class-373 pa t47333 l47336 ls2548">specified </span><span class="pp-class-373 pa t47333 l47337">as </span><span class="pp-class-373 pa t47333 l47338 ls302">follows: </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47339 l3 ls225">Profit </span><span class="pp-class-372 pa t47339 l2931 ls658">before </span><span class="pp-class-372 pa t47339 l47340 ls166">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47339 l47341">683</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47339 l47342 ls1073">1,667</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47343 l3">Income </span><span class="pp-class-372 pa t47343 l47344 ls37">subject </span><span class="pp-class-372 pa t47343 l47345 ls166">to </span><span class="pp-class-372 pa t47343 l47346 ls944">tonnage </span><span class="pp-class-372 pa t47343 l47347 ls166">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47343 l47096">399</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47343 l47348 ls103">1,811</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47349 l3 ls287">Profit </span><span class="pp-class-373 pa t47349 l42390 ls332">before </span><span class="pp-class-373 pa t47349 l42391 ls1264">tax </span><span class="pp-class-373 pa t47349 l47350 ls105">subject </span><span class="pp-class-373 pa t47349 l47351">to </span><span class="pp-class-373 pa t47349 l47352 ls134">corporate </span><span class="pp-class-373 pa t47349 l47353">income </span><span class="pp-class-373 pa t47349 l47354 ls128">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47349 l47355">284</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47349 l47356 ls78">144</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47357 l3">22% </span><span class="pp-class-372 pa t47357 l47358 ls45">tax </span><span class="pp-class-372 pa t47357 l47359 ls287">of </span><span class="pp-class-372 pa t47357 l47360 ls225">profit </span><span class="pp-class-372 pa t47357 l47361 ls658">before </span><span class="pp-class-372 pa t47357 l18676 ls166">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47357 l42799">63</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47357 l47362">-32</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47363 l3 ls704">Adjustment </span><span class="pp-class-372 pa t47363 l17226 ls287">of </span><span class="pp-class-372 pa t47363 l17349 ls128">calculated </span><span class="pp-class-372 pa t47363 l47364 ls45">tax </span><span class="pp-class-372 pa t47363 l2156">in </span><span class="pp-class-372 pa t47363 l47365 ls978">foreign </span><span class="pp-class-372 pa t47363 l21290">subsidiaries </span><span class="pp-class-372 pa t47363 l47366 ls1259">compared </span><span class="pp-class-372 pa t47363 l47367 ls166">to </span><span class="pp-class-372 pa t47363 l47368">22%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47363 l47369">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47363 l47370 ls278">-16</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47371 l3 ls20054">Tax </span><span class="pp-class-373 pa t47371 l47282 ls175">effect </span><span class="pp-class-373 pa t47371 l8086">of:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47372 l3 ls1326">Non-taxable/non-deductible </span><span class="pp-class-372 pa t47372 l47373 ls175">items</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47372 l47374">-62</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47372 l47375">115</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47376 l3 ls3102">Tax </span><span class="pp-class-372 pa t47376 l42395 ls72">asset </span><span class="pp-class-372 pa t47376 l47377 ls43">for </span><span class="pp-class-372 pa t47376 l47378">the </span><span class="pp-class-372 pa t47376 l47379 ls2147">year, </span><span class="pp-class-372 pa t47376 l47380 ls150">not </span><span class="pp-class-372 pa t47376 l47381 ls241">recognised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47376 l47382 ls2835">148</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47376 l47383">60</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47384 l3 ls90">Utilisation </span><span class="pp-class-372 pa t47384 l47385 ls287">of </span><span class="pp-class-372 pa t47384 l47386 ls287">non-capitalised </span><span class="pp-class-372 pa t47384 l3893 ls45">tax </span><span class="pp-class-372 pa t47384 l35733 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47384 l47369">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47384 l47332">-6</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47387 l3 ls90">Adjustments </span><span class="pp-class-372 pa t47387 l43126 ls287">of </span><span class="pp-class-372 pa t47387 l47388 ls45">tax </span><span class="pp-class-372 pa t47387 l47389">in </span><span class="pp-class-372 pa t47387 l47390 ls39">respect </span><span class="pp-class-372 pa t47387 l47391 ls287">of </span><span class="pp-class-372 pa t47387 l47392">prior </span><span class="pp-class-372 pa t47387 l47393 ls78">years </span><span class="pp-class-372 pa t47387 l47394">and </span><span class="pp-class-372 pa t47387 l31274 ls3618">one-offs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47387 l47395">-9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47387 l47303">23</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47396 l3 ls134">Corporate </span><span class="pp-class-373 pa t47396 l40233">income </span><span class="pp-class-373 pa t47396 l47397 ls128">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47396 l47398">138</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47396 l47356 ls78">144</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47399 l3 ls864">Tonnage </span><span class="pp-class-372 pa t47399 l34159 ls166">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47399 l47400">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47399 l47401">4</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47402 l3 ls2459">Total </span><span class="pp-class-373 pa t47402 l29712 ls1264">tax </span><span class="pp-class-373 pa t47402 l19674">in </span><span class="pp-class-373 pa t47402 l44316">the </span><span class="pp-class-373 pa t47402 l47403">income </span><span class="pp-class-373 pa t47402 l23554 ls78">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47402 l47404 ls78">142</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47402 l47405 ls78">148</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47406 l3 ls1326">Effective </span><span class="pp-class-372 pa t47406 l42688 ls45">tax </span><span class="pp-class-372 pa t47406 l29380 ls3474">rate </span><span class="pp-class-372 pa t47406 l3829">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47406 l47407 ls20054">20.8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47406 l47408 ls648">8.9</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47409 l3 ls1326">Effective </span><span class="pp-class-372 pa t47409 l42688 ls45">tax </span><span class="pp-class-372 pa t47409 l29380 ls3474">rate </span><span class="pp-class-372 pa t47409 l3829 ls658">before </span><span class="pp-class-372 pa t47409 l31957 ls72">adjustment </span><span class="pp-class-372 pa t47409 l8073 ls287">of </span><span class="pp-class-372 pa t47409 l47410">prior </span><span class="pp-class-372 pa t47409 l47411 ls913">years’ </span><span class="pp-class-372 pa t47409 l47412 ls45">tax </span><span class="pp-class-372 pa t47409 l47413">and </span><span class="pp-class-372 pa t47409 l47414 ls2542">one-offs </span><span class="pp-class-372 pa t47409 l47415">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47409 l47416">22.2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47409 l47417 ls47418">7.5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47419 l3 ls20054">Tax </span><span class="pp-class-373 pa t47419 l47282">in </span><span class="pp-class-373 pa t47419 l47283">Other </span><span class="pp-class-373 pa t47419 l5959 ls241">comprehensive </span><span class="pp-class-373 pa t47419 l47420">income </span><span class="pp-class-373 pa t47419 l47421">can </span><span class="pp-class-373 pa t47419 l47422">be </span><span class="pp-class-373 pa t47419 l47423 ls2548">specified </span><span class="pp-class-373 pa t47419 l47424">as </span><span class="pp-class-373 pa t47419 l47425 ls88">follows:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47426 l3 ls68">Corporate </span><span class="pp-class-372 pa t47426 l14426">income </span><span class="pp-class-372 pa t47426 l45874 ls166">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47426 l47427">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47426 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47428 l3 ls110">Movement </span><span class="pp-class-372 pa t47428 l47288 ls180">deferred </span><span class="pp-class-372 pa t47428 l47429 ls166">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47428 l47331">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47428 l47332">-6</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47430 l3 ls2459">Total </span><span class="pp-class-373 pa t47430 l29712 ls1264">tax </span><span class="pp-class-373 pa t47430 l19674">in </span><span class="pp-class-373 pa t47430 l44316">Other </span><span class="pp-class-373 pa t47430 l47431 ls241">comprehensive </span><span class="pp-class-373 pa t47430 l47432">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47430 l47433">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47430 l47434">-6</span></p></td></tr></table></div></div><div id="pp-id-4994" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h42570 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls4299">Restated </span><span class="pp-class-376 pa t3433 l9566 ls3278">for </span><span class="pp-class-376 pa t3433 l42580 ls1237">changes </span><span class="pp-class-376 pa t3433 l42581 ls278">in </span><span class="pp-class-376 pa t3439 l3 ls53">accounting </span><span class="pp-class-376 pa t3439 l11953 ls2949">policy, </span><span class="pp-class-376 pa t3439 l42582 ls4305">refer </span><span class="pp-class-376 pa t3445 l3 ls1759">to </span><span class="pp-class-376 pa t3445 l29588 ls1859">note </span><span class="pp-class-376 pa t3445 l42583 ls858">1.2.</span></p></div></div><div class="pp-class-10" id="pp-id-5131" xmlns="http://www.w3.org/1999/xhtml"><div class="w47435 h47436 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2143">2.6 </span><span class="pp-class-370 pa t21055 l43638 ls45771">Tax </span><span class="pp-class-371 pa t21055 l47437"/><span class="pp-class-371 pa t21055 l47438 ls155">(continued)</span></p></div></div><div id="pp-id-5134" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h47439 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3 ls858">The </span><span class="pp-class-382 pa t328 l16631 ls2694">majority </span><span class="pp-class-382 pa t328 l47440 ls103">of </span><span class="pp-class-382 pa t328 l47441 ls858">the </span><span class="pp-class-382 pa t328 l47442 ls869">ferry </span><span class="pp-class-382 pa t328 l47443 ls688">activities </span><span class="pp-class-382 pa t328 l47444 ls1321">performed </span><span class="pp-class-382 pa t328 l47445 ls1080">in </span><span class="pp-class-382 pa t328 l47446 ls1099">the </span><span class="pp-class-382 pa t328 l47447 ls1237">Danish, </span><span class="pp-class-382 pa t328 l47448 ls2805">Turkish, </span><span class="pp-class-382 pa t328 l47449 ls2694">Spanish, </span><span class="pp-class-382 pa t328 l47450 ls1150">French, </span><span class="pp-class-382 pa t328 l47451 ls1099">and </span><span class="pp-class-382 pa t328 l47452 ls869">Lithuanian </span><span class="pp-class-382 pa t30568 l3 ls1701">enterprises </span><span class="pp-class-382 pa t30568 l47453 ls1080">in </span><span class="pp-class-382 pa t30568 l47454 ls858">the </span><span class="pp-class-382 pa t30568 l31680 ls2784">Group </span><span class="pp-class-382 pa t30568 l47455 ls800">are </span><span class="pp-class-382 pa t30568 l47456 ls238">included </span><span class="pp-class-382 pa t30568 l47457 ls1080">in </span><span class="pp-class-382 pa t30568 l47458 ls1759">local </span><span class="pp-class-382 pa t30568 l47459 ls688">tonnage </span><span class="pp-class-382 pa t30568 l47460 ls1237">tax </span><span class="pp-class-382 pa t30568 l47461 ls1237">schemes </span><span class="pp-class-382 pa t30568 l47462 ls2784">where </span><span class="pp-class-382 pa t30568 l47463 ls1099">the </span><span class="pp-class-382 pa t30568 l47464 ls6007">taxable </span><span class="pp-class-382 pa t30568 l47465 ls2486">income </span><span class="pp-class-382 pa t30568 l47466 ls3458">related </span><span class="pp-class-382 pa t30568 l47467 ls302">to </span><span class="pp-class-382 pa t30575 l3 ls2854">transportation </span><span class="pp-class-382 pa t30575 l47468 ls103">of </span><span class="pp-class-382 pa t30575 l15219 ls819">passengers </span><span class="pp-class-382 pa t30575 l47469 ls858">and </span><span class="pp-class-382 pa t30575 l47470 ls852">freight </span><span class="pp-class-382 pa t30575 l47471 ls1080">is </span><span class="pp-class-382 pa t30575 l47472 ls803">calculated </span><span class="pp-class-382 pa t30575 l47473 ls1759">based </span><span class="pp-class-382 pa t30575 l43684 ls1080">on </span><span class="pp-class-382 pa t30575 l47474 ls858">the </span><span class="pp-class-382 pa t30575 l47475 ls688">tonnage </span><span class="pp-class-382 pa t30575 l47476 ls1316">deployed </span><span class="pp-class-382 pa t30575 l47477 ls2486">during </span><span class="pp-class-382 pa t30575 l44928 ls1099">the </span><span class="pp-class-382 pa t30575 l47478 ls960">year </span><span class="pp-class-382 pa t30575 l47479 ls858">and </span><span class="pp-class-382 pa t30575 l47480 ls1298">not </span><span class="pp-class-382 pa t30583 l3 ls858">the </span><span class="pp-class-382 pa t30583 l43824 ls728">actual </span><span class="pp-class-382 pa t30583 l47481 ls1148">profits </span><span class="pp-class-382 pa t30583 l47482 ls2688">generated. </span><span class="pp-class-382 pa t30583 l44423 ls17717">Taxable </span><span class="pp-class-382 pa t30583 l47483 ls2486">income </span><span class="pp-class-382 pa t30583 l47484 ls3458">related </span><span class="pp-class-382 pa t30583 l47485 ls1759">to </span><span class="pp-class-382 pa t30583 l18800 ls296">other </span><span class="pp-class-382 pa t30583 l47486 ls688">activities </span><span class="pp-class-382 pa t30583 l44924 ls1080">is </span><span class="pp-class-382 pa t30583 l47487 ls2688">taxed </span><span class="pp-class-382 pa t30583 l47488 ls6007">according </span><span class="pp-class-382 pa t30583 l47489 ls1759">to </span><span class="pp-class-382 pa t30583 l47490 ls858">the </span><span class="pp-class-382 pa t30583 l47491 ls1110">normal </span><span class="pp-class-382 pa t30588 l3 ls3377">corporate </span><span class="pp-class-382 pa t30588 l3355 ls2486">income </span><span class="pp-class-382 pa t30588 l40573 ls1237">tax </span><span class="pp-class-382 pa t30588 l18634 ls1759">rules </span><span class="pp-class-382 pa t30588 l47492 ls858">and </span><span class="pp-class-382 pa t30588 l16478 ls1083">at </span><span class="pp-class-382 pa t30588 l47493 ls858">the </span><span class="pp-class-382 pa t30588 l47494 ls1083">standard </span><span class="pp-class-382 pa t30588 l47495 ls3377">corporate </span><span class="pp-class-382 pa t30588 l47496 ls1237">tax </span><span class="pp-class-382 pa t30588 l47497 ls2769">rates.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30606 l3 ls1080">In </span><span class="pp-class-382 pa t30606 l43891 ls2854">2024, </span><span class="pp-class-382 pa t30606 l30607 ls858">the </span><span class="pp-class-382 pa t30606 l47498 ls2784">Group </span><span class="pp-class-382 pa t30606 l47499 ls8853">realised </span><span class="pp-class-382 pa t30606 l47500 ls302">a </span><span class="pp-class-382 pa t30606 l47501 ls2889">total </span><span class="pp-class-382 pa t30606 l23368 ls2784">effective </span><span class="pp-class-382 pa t30606 l47502 ls1237">tax </span><span class="pp-class-382 pa t30606 l47503 ls3216">rate </span><span class="pp-class-382 pa t30606 l47504 ls2113">adjusted </span><span class="pp-class-382 pa t30606 l47505 ls3278">for </span><span class="pp-class-382 pa t30606 l47506 ls1759">prior </span><span class="pp-class-382 pa t30606 l47507 ls3477">years’ </span><span class="pp-class-382 pa t30606 l47508 ls1237">tax </span><span class="pp-class-382 pa t30606 l47509 ls1099">and </span><span class="pp-class-382 pa t30606 l47510 ls319">one-offs </span><span class="pp-class-382 pa t30606 l47511 ls103">of </span><span class="pp-class-382 pa t30606 l47512 ls1759">22.2% </span><span class="pp-class-382 pa t30606 l47513 ls1110">(2023: </span><span class="pp-class-382 pa t30615 l3 ls7546">7.5%). </span><span class="pp-class-382 pa t30615 l47514 ls2842">Addition </span><span class="pp-class-382 pa t30615 l47515 ls1080">on </span><span class="pp-class-382 pa t30615 l47516 ls1772">acquisition </span><span class="pp-class-382 pa t30615 l47517 ls103">of </span><span class="pp-class-382 pa t30615 l47518 ls1701">enterprises </span><span class="pp-class-382 pa t30615 l47519 ls1974">primarily </span><span class="pp-class-382 pa t30615 l47520 ls3458">relates </span><span class="pp-class-382 pa t30615 l47521 ls1759">to </span><span class="pp-class-382 pa t30615 l47522 ls1099">the </span><span class="pp-class-382 pa t30615 l44659 ls1772">acquisition </span><span class="pp-class-382 pa t30615 l47523 ls103">of </span><span class="pp-class-382 pa t30615 l47524 ls1099">the </span><span class="pp-class-382 pa t30615 l47525 ls1323">FRS </span><span class="pp-class-382 pa t30615 l47526 ls2784">group </span><span class="pp-class-382 pa t30615 l47527 ls858">and </span><span class="pp-class-382 pa t30615 l47528 ls858">the </span><span class="pp-class-382 pa t30615 l47529 ls3278">Ekol </span><span class="pp-class-382 pa t30622 l3 ls2784">group </span><span class="pp-class-382 pa t30622 l47530 ls1080">in </span><span class="pp-class-382 pa t30622 l47531 ls1150">2024.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30634 l3 ls1323">DFDS </span><span class="pp-class-382 pa t30634 l41618 ls1868">A/S </span><span class="pp-class-382 pa t30634 l16254 ls858">and </span><span class="pp-class-382 pa t30634 l47532 ls858">its </span><span class="pp-class-382 pa t30634 l47533 ls2486">Danish </span><span class="pp-class-382 pa t30634 l47534 ls830">subsidiaries </span><span class="pp-class-382 pa t30634 l47535 ls800">are </span><span class="pp-class-382 pa t30634 l47536 ls3474">subject </span><span class="pp-class-382 pa t30634 l47537 ls1759">to </span><span class="pp-class-382 pa t30634 l47538 ls1323">compulsory </span><span class="pp-class-382 pa t30634 l47539 ls1305">joint </span><span class="pp-class-382 pa t30634 l47540 ls2145">taxation </span><span class="pp-class-382 pa t30634 l47541 ls1323">with </span><span class="pp-class-382 pa t30634 l47542 ls2842">Lauritzen </span><span class="pp-class-382 pa t30634 l47543 ls1772">Fonden </span><span class="pp-class-382 pa t30634 l47544 ls858">Holding </span><span class="pp-class-382 pa t30807 l3 ls858">ApS </span><span class="pp-class-382 pa t30807 l47545 ls858">and </span><span class="pp-class-382 pa t30807 l47546 ls858">its </span><span class="pp-class-382 pa t30807 l43947 ls2486">Danish </span><span class="pp-class-382 pa t30807 l17447 ls2854">controlled </span><span class="pp-class-382 pa t30807 l44527 ls1701">enterprises. </span><span class="pp-class-382 pa t30807 l44329 ls2842">Lauritzen </span><span class="pp-class-382 pa t30807 l47547 ls1772">Fonden </span><span class="pp-class-382 pa t30807 l36849 ls1237">Holding </span><span class="pp-class-382 pa t30807 l47548 ls1099">ApS </span><span class="pp-class-382 pa t30807 l47549 ls1080">is </span><span class="pp-class-382 pa t30807 l47550 ls1099">the </span><span class="pp-class-382 pa t30807 l45828 ls2787">administration </span><span class="pp-class-382 pa t30807 l47551 ls2489">company </span><span class="pp-class-382 pa t30807 l47552 ls1080">in </span><span class="pp-class-382 pa t30807 l47553 ls302">the </span><span class="pp-class-382 pa t30644 l3 ls1305">joint </span><span class="pp-class-382 pa t30644 l47554 ls2145">taxation </span><span class="pp-class-382 pa t30644 l47555 ls858">and </span><span class="pp-class-382 pa t30644 l47556 ls960">settles </span><span class="pp-class-382 pa t30644 l47557 ls858">all </span><span class="pp-class-382 pa t30644 l47558 ls5069">payments </span><span class="pp-class-382 pa t30644 l47559 ls103">of </span><span class="pp-class-382 pa t30644 l13512 ls2944">corporation </span><span class="pp-class-382 pa t30644 l47560 ls1237">tax </span><span class="pp-class-382 pa t30644 l47561 ls858">due </span><span class="pp-class-382 pa t30644 l47562 ls2784">by </span><span class="pp-class-382 pa t30644 l47563 ls1099">the </span><span class="pp-class-382 pa t30644 l47564 ls1305">joint </span><span class="pp-class-382 pa t30644 l47565 ls2688">taxed </span><span class="pp-class-382 pa t30644 l47566 ls1701">enterprises. </span><span class="pp-class-382 pa t30644 l47567 ls1080">In </span><span class="pp-class-382 pa t30644 l47568 ls2970">accordance </span><span class="pp-class-382 pa t30649 l3 ls1323">with </span><span class="pp-class-382 pa t30649 l10466 ls1099">the </span><span class="pp-class-382 pa t30649 l47569 ls2486">Danish </span><span class="pp-class-382 pa t30649 l47570 ls1759">rules </span><span class="pp-class-382 pa t30649 l47571 ls1080">on </span><span class="pp-class-382 pa t30649 l47572 ls1305">joint </span><span class="pp-class-382 pa t30649 l47573 ls3377">taxation, </span><span class="pp-class-382 pa t30649 l47574 ls1323">DFDS </span><span class="pp-class-382 pa t30649 l47575 ls1868">A/S </span><span class="pp-class-382 pa t30649 l20594 ls1099">and </span><span class="pp-class-382 pa t30649 l47576 ls1099">its </span><span class="pp-class-382 pa t30649 l2795 ls2486">Danish </span><span class="pp-class-382 pa t30649 l44611 ls830">subsidiaries </span><span class="pp-class-382 pa t30649 l47577 ls800">are </span><span class="pp-class-382 pa t30649 l47578 ls2486">liable </span><span class="pp-class-382 pa t30649 l47579 ls3278">for </span><span class="pp-class-382 pa t30649 l47580 ls1759">their </span><span class="pp-class-382 pa t30649 l47581 ls1150">own </span><span class="pp-class-382 pa t30649 l47582 ls2944">corporate </span><span class="pp-class-382 pa t30655 l3 ls1237">tax </span><span class="pp-class-382 pa t30655 l45905 ls858">due </span><span class="pp-class-382 pa t30655 l30260 ls858">and </span><span class="pp-class-382 pa t30655 l47583 ls800">are </span><span class="pp-class-382 pa t30655 l4135 ls650">only </span><span class="pp-class-382 pa t30655 l47584 ls1323">subsidiary </span><span class="pp-class-382 pa t30655 l47585 ls858">and </span><span class="pp-class-382 pa t30655 l47586 ls800">pro </span><span class="pp-class-382 pa t30655 l44990 ls3216">rata </span><span class="pp-class-382 pa t30655 l47587 ls2486">liable </span><span class="pp-class-382 pa t30655 l47588 ls3278">for </span><span class="pp-class-382 pa t30655 l47589 ls1099">the </span><span class="pp-class-382 pa t30655 l47590 ls2944">corporation </span><span class="pp-class-382 pa t30655 l47591 ls1237">tax </span><span class="pp-class-382 pa t30655 l47592 ls1118">liabilities </span><span class="pp-class-382 pa t30655 l47593 ls15062">towards </span><span class="pp-class-382 pa t30655 l20982 ls1099">the </span><span class="pp-class-382 pa t30655 l47594 ls2486">Danish </span><span class="pp-class-382 pa t30655 l47595 ls34">tax </span><span class="pp-class-382 pa t387 l3 ls4275">authorities </span><span class="pp-class-382 pa t387 l47596 ls3278">for </span><span class="pp-class-382 pa t387 l47597 ls858">all </span><span class="pp-class-382 pa t387 l17262 ls296">other </span><span class="pp-class-382 pa t387 l47598 ls1701">enterprises </span><span class="pp-class-382 pa t387 l47599 ls6360">that </span><span class="pp-class-382 pa t387 l32956 ls800">are </span><span class="pp-class-382 pa t387 l47600 ls658">part </span><span class="pp-class-382 pa t387 l17710 ls103">of </span><span class="pp-class-382 pa t387 l47601 ls1099">the </span><span class="pp-class-382 pa t387 l47602 ls2486">Danish </span><span class="pp-class-382 pa t387 l47603 ls1305">joint </span><span class="pp-class-382 pa t387 l47604 ls2145">taxation.</span></p></div></div><div id="pp-id-5135" xmlns="http://www.w3.org/1999/xhtml"><div class="w42856 h47605 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47606"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47607"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47608"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47609"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47610"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47611"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47612"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47613 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l3 ls144">Deferred </span><span class="pp-class-373 pa t47614 l47615 ls128">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l47617 ls1080">Other </span><span class="pp-class-373 pa t47614 l47618 ls648">intangible </span><span class="pp-class-373 pa t47614 l47619 ls1305">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l47620 ls830">Ferries </span><span class="pp-class-373 pa t47616 l47621 ls302">and </span><span class="pp-class-373 pa t47614 l47622 ls1305">other </span><span class="pp-class-373 pa t47614 l47623 ls1323">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l47624">Land </span><span class="pp-class-373 pa t30329 l47625">and </span><span class="pp-class-373 pa t30329 l47626 ls982">buildings, </span><span class="pp-class-373 pa t47616 l47627">terminals </span><span class="pp-class-373 pa t47616 l47628">and </span><span class="pp-class-373 pa t47616 l47629 ls907">other </span><span class="pp-class-373 pa t47614 l47630 ls287">equipment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l47631 ls134">Provisions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l47632 ls1759">Other </span><span class="pp-class-373 pa t47616 l47633 ls1237">accrued </span><span class="pp-class-373 pa t47614 l47634 ls1759">costs </span><span class="pp-class-373 pa t47614 l47635 ls858">and </span><span class="pp-class-373 pa t47614 l47636 ls1759">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l47637 ls20054">Tax </span><span class="pp-class-373 pa t30329 l47638 ls45">loss </span><span class="pp-class-373 pa t47616 l47639">carried </span><span class="pp-class-373 pa t47614 l47640 ls124">forward</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l47641 ls53">Set-off</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l47642 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l3 ls180">Deferred </span><span class="pp-class-372 pa t47643 l42688 ls45">tax </span><span class="pp-class-372 pa t47643 l29380 ls2835">at </span><span class="pp-class-372 pa t47643 l47644">1 </span><span class="pp-class-372 pa t47643 l47645 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47646">50</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47647 ls254">127</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47648 ls53">273</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47649 ls2835">-14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47650">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47651">-54</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47643 l47652">388</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l3 ls3216 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t47653 l47654 ls46774 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t47653 l47655 ls9967 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47656">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47657">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47658">8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47659">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47660">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47661">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47653 l47662">4</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l3 ls704">Addition </span><span class="pp-class-372 pa t47663 l47664">on </span><span class="pp-class-372 pa t47663 l47665 ls37">acquisition </span><span class="pp-class-372 pa t47663 l47666 ls287">of </span><span class="pp-class-372 pa t47663 l47667 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47668">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47669 ls274">37</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47670">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47671">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47672">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47673">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47663 l47674">42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l3">Recognised </span><span class="pp-class-372 pa t47675 l37896">in </span><span class="pp-class-372 pa t47675 l47676">the </span><span class="pp-class-372 pa t47675 l6899">income </span><span class="pp-class-372 pa t47675 l43826 ls278">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47677">-6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47678">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47679">-15</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47680 ls302">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47650">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47681">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47675 l47682">-7</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l3">Recognised </span><span class="pp-class-372 pa t47683 l37896">in </span><span class="pp-class-372 pa t47683 l47676 ls72">other </span><span class="pp-class-372 pa t47683 l1835 ls997">comprehensive </span><span class="pp-class-372 pa t47683 l47684">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47668">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47685">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47686">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47687">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47672">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47673">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47683 l47688">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l3 ls704">Adjustment </span><span class="pp-class-372 pa t47689 l17226 ls931">regarding </span><span class="pp-class-372 pa t47689 l47690">prior </span><span class="pp-class-372 pa t47689 l17400 ls78">years </span><span class="pp-class-372 pa t47689 l47691 ls171">recognised </span><span class="pp-class-372 pa t47689 l47692">in </span><span class="pp-class-372 pa t47689 l47693">the </span><span class="pp-class-372 pa t47689 l47694">income </span><span class="pp-class-372 pa t47689 l47695 ls278">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47668">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47696">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47697">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47671">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47672">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47698">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47689 l47699">11</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l3 ls144">Deferred </span><span class="pp-class-373 pa t47700 l47615 ls1264">tax </span><span class="pp-class-373 pa t47700 l47701 ls1323">at </span><span class="pp-class-373 pa t47700 l47702">31 </span><span class="pp-class-373 pa t47700 l47703">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47704">46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47705">158</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47706 ls1083">275</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47707">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47708 ls138">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47709">-46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47710">440</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l3 ls180">Deferred </span><span class="pp-class-372 pa t47711 l42688 ls45">tax </span><span class="pp-class-372 pa t47711 l29380 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47668">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47685">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47686">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47712">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47713">38</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47714">46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47715">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47711 l47716">82</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l3 ls180">Deferred </span><span class="pp-class-372 pa t47717 l42688 ls45">tax </span><span class="pp-class-372 pa t47717 l29380">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47718">46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47719">158</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47720 ls2531">275</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47671">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47721">48</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47673">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47715">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47717 l47722">522</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l3 ls144">Deferred </span><span class="pp-class-373 pa t47723 l47615 ls1264">tax </span><span class="pp-class-373 pa t47723 l47701 ls1323">at </span><span class="pp-class-373 pa t47723 l47702">31 </span><span class="pp-class-373 pa t47723 l47703 ls1073">December, </span><span class="pp-class-373 pa t47723 l47724 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47704">46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47705">158</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47706 ls1083">275</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47707">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47708 ls138">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47709">-46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47725">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47710">440</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5132" xmlns="http://www.w3.org/1999/xhtml"><div class="w47435 h47436 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2143">2.6 </span><span class="pp-class-370 pa t21055 l43638 ls45771">Tax </span><span class="pp-class-371 pa t21055 l47437"/><span class="pp-class-371 pa t21055 l47438 ls155">(continued)</span></p></div></div><div class="pp-class-10" id="pp-id-5154" xmlns="http://www.w3.org/1999/xhtml"><div class="w42856 h47727 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47728"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47729"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47730"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47731"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47732"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47733"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47734"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47735">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l3 ls144">Deferred </span><span class="pp-class-373 pa t47614 l47615 ls128">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l47736 ls1080">Other </span><span class="pp-class-373 pa t47614 l47737 ls648">intangible </span><span class="pp-class-373 pa t47614 l47738 ls1305">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l47739 ls830">Ferries </span><span class="pp-class-373 pa t47616 l47740 ls302">and </span><span class="pp-class-373 pa t47614 l47741 ls1305">other </span><span class="pp-class-373 pa t47614 l47742 ls1323">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l47743">Land </span><span class="pp-class-373 pa t30329 l47744">and </span><span class="pp-class-373 pa t30329 l47745 ls982">buildings, </span><span class="pp-class-373 pa t47616 l47746">terminals </span><span class="pp-class-373 pa t47616 l47747">and </span><span class="pp-class-373 pa t47616 l47748 ls907">other </span><span class="pp-class-373 pa t47614 l47749 ls287">equipment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l47750 ls134">Provisions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l47751 ls1759">Other </span><span class="pp-class-373 pa t47616 l47752 ls1237">accrued </span><span class="pp-class-373 pa t47614 l47753 ls1759">costs </span><span class="pp-class-373 pa t47614 l47754 ls858">and </span><span class="pp-class-373 pa t47614 l47755 ls1759">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l47756 ls20054">Tax </span><span class="pp-class-373 pa t30329 l47757 ls45">loss </span><span class="pp-class-373 pa t47616 l47758">carried </span><span class="pp-class-373 pa t47614 l47759 ls124">forward</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l47760 ls53">Set-off</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l47761 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l3 ls180">Deferred </span><span class="pp-class-372 pa t47643 l42688 ls45">tax </span><span class="pp-class-372 pa t47643 l29380 ls2835">at </span><span class="pp-class-372 pa t47643 l47644">1 </span><span class="pp-class-372 pa t47643 l47645 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47763">134</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47764">223</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47765">-9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47766">-7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47767">-31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47643 l47768 ls913">310</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l3 ls3310 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t47653 l47769 ls2805 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t47653 l47770 ls7858 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47772">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47773">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47774">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47775">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47653 l47776">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l3 ls332">Impact </span><span class="pp-class-372 pa t47663 l47777 ls931">from </span><span class="pp-class-372 pa t47663 l47778">change </span><span class="pp-class-372 pa t47663 l47779">in </span><span class="pp-class-372 pa t47663 l47780 ls68">corporate </span><span class="pp-class-372 pa t47663 l47781">income </span><span class="pp-class-372 pa t47663 l47782 ls45">tax </span><span class="pp-class-372 pa t47663 l47783 ls1150">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47784">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47785">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47774">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47786">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47663 l47787">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l3 ls704">Addition </span><span class="pp-class-372 pa t47675 l47664">on </span><span class="pp-class-372 pa t47675 l47665 ls37">acquisition </span><span class="pp-class-372 pa t47675 l47666 ls287">of </span><span class="pp-class-372 pa t47675 l47667 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47788">54</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47789">45</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47790">-4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47766">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47791">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47675 l47792">89</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l3">Recognised </span><span class="pp-class-372 pa t47683 l37896">in </span><span class="pp-class-372 pa t47683 l47676">the </span><span class="pp-class-372 pa t47683 l6899">income </span><span class="pp-class-372 pa t47683 l43826 ls278">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47793">-4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47794">-7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47795">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47796">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47797">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47798 ls4819">-17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47683 l47799">-7</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l3">Recognised </span><span class="pp-class-372 pa t47689 l37896">in </span><span class="pp-class-372 pa t47689 l47676 ls72">other </span><span class="pp-class-372 pa t47689 l1835 ls997">comprehensive </span><span class="pp-class-372 pa t47689 l47684">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47800">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47801">-6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47774">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47775">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47689 l47802">-6</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l3 ls704">Adjustment </span><span class="pp-class-372 pa t47803 l17226 ls931">regarding </span><span class="pp-class-372 pa t47803 l47690">prior </span><span class="pp-class-372 pa t47803 l17400 ls78">years </span><span class="pp-class-372 pa t47803 l47691 ls171">recognised </span><span class="pp-class-372 pa t47803 l47692">in </span><span class="pp-class-372 pa t47803 l47693">the </span><span class="pp-class-372 pa t47803 l47694">income </span><span class="pp-class-372 pa t47803 l47695 ls278">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l47804">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l47773">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l47805">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l47806">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47803 l47807">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l3 ls90">Utilisation </span><span class="pp-class-372 pa t47808 l47385 ls287">of </span><span class="pp-class-372 pa t47808 l47386 ls45">tax </span><span class="pp-class-372 pa t47808 l47809">losses </span><span class="pp-class-372 pa t47808 l47810 ls997">between </span><span class="pp-class-372 pa t47808 l47811 ls68">jointly </span><span class="pp-class-372 pa t47808 l47812 ls246">taxed </span><span class="pp-class-372 pa t47808 l40357">companies</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l47800">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l47773">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l47805">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l47786">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47808 l47807">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l3 ls144">Deferred </span><span class="pp-class-373 pa t47813 l47615 ls1264">tax </span><span class="pp-class-373 pa t47813 l47701 ls1323">at </span><span class="pp-class-373 pa t47813 l47702">31 </span><span class="pp-class-373 pa t47813 l47703">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47814">50</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47815 ls193">127</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47816 ls1314">274</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47817 ls78">-14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47818">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47819">-54</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47820">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47821">389</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l3 ls180">Deferred </span><span class="pp-class-372 pa t47822 l42688 ls45">tax </span><span class="pp-class-372 pa t47822 l29380 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47823">9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47824 ls1077">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47825">38</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47826">54</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47827">-36</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47828 ls302">79</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l3 ls180">Deferred </span><span class="pp-class-372 pa t47829 l42688 ls45">tax </span><span class="pp-class-372 pa t47829 l29380">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47830">50</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47831 ls254">127</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47832">283</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47773">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47833">44</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47775">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47827">-36</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47834">468</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l3 ls144">Deferred </span><span class="pp-class-373 pa t25502 l47615 ls1264">tax </span><span class="pp-class-373 pa t25502 l47701 ls1323">at </span><span class="pp-class-373 pa t25502 l47702">31 </span><span class="pp-class-373 pa t25502 l47703 ls1073">December, </span><span class="pp-class-373 pa t25502 l47724 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47814">50</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47815 ls193">127</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47816 ls1314">274</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47817 ls78">-14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47818">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47819">-54</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47820">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47821">389</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5155" xmlns="http://www.w3.org/1999/xhtml"><div class="w47835 h47836 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3">The </span><span class="pp-class-382 pa t328 l16790 ls110">Group </span><span class="pp-class-382 pa t328 l47837">has </span><span class="pp-class-382 pa t328 l4264 ls128">unrecognised </span><span class="pp-class-382 pa t328 l47838 ls45">tax </span><span class="pp-class-382 pa t328 l47839">losses </span><span class="pp-class-382 pa t328 l47840">carried </span><span class="pp-class-382 pa t328 l47841 ls658">forward </span><span class="pp-class-382 pa t328 l47842 ls287">of </span><span class="pp-class-382 pa t328 l47843">DKK </span><span class="pp-class-382 pa t328 l47844 ls85">1,946m </span><span class="pp-class-382 pa t328 l42775">with </span><span class="pp-class-382 pa t328 l47845">a </span><span class="pp-class-382 pa t328 l47846 ls45">tax </span><span class="pp-class-382 pa t328 l47847 ls16">value </span><span class="pp-class-382 pa t328 l47848 ls287">of </span><span class="pp-class-382 pa t328 l47849">DKK </span><span class="pp-class-382 pa t328 l47850 ls12">482m </span><span class="pp-class-382 pa t328 l47851 ls12">(2023: </span><span class="pp-class-382 pa t328 l26024 ls45">tax </span><span class="pp-class-382 pa t328 l47852">losses </span><span class="pp-class-382 pa t328 l47853 ls287">of </span><span class="pp-class-382 pa t328 l47854">DKK </span><span class="pp-class-382 pa t3433 l3 ls180">1,429m, </span><span class="pp-class-382 pa t3433 l47855 ls45">tax </span><span class="pp-class-382 pa t3433 l18206 ls16">value </span><span class="pp-class-382 pa t3433 l47856 ls287">of </span><span class="pp-class-382 pa t3433 l47857">DKK </span><span class="pp-class-382 pa t3433 l47858">333m). </span><span class="pp-class-382 pa t3433 l47859">Of </span><span class="pp-class-382 pa t3433 l47860">the </span><span class="pp-class-382 pa t3433 l47861 ls128">unrecognised </span><span class="pp-class-382 pa t3433 l47862 ls45">tax </span><span class="pp-class-382 pa t3433 l47863">losses </span><span class="pp-class-382 pa t3433 l47864">carried </span><span class="pp-class-382 pa t3433 l45317 ls658">forward </span><span class="pp-class-382 pa t3433 l47865 ls287">of </span><span class="pp-class-382 pa t3433 l25482">DKK </span><span class="pp-class-382 pa t3433 l47866 ls85">1,946m </span><span class="pp-class-382 pa t3433 l47867 ls12">(2023: </span><span class="pp-class-382 pa t3433 l47868">DKK </span><span class="pp-class-382 pa t3433 l47869 ls884">1,429m), </span><span class="pp-class-382 pa t3433 l47870">DKK </span><span class="pp-class-382 pa t3439 l3 ls7470">1,714m </span><span class="pp-class-382 pa t3439 l47871 ls85">expires </span><span class="pp-class-382 pa t3439 l47872">within </span><span class="pp-class-382 pa t3439 l47873">the </span><span class="pp-class-382 pa t3439 l47874 ls931">next </span><span class="pp-class-382 pa t3439 l47875 xx369 ls1326">five </span><span class="pp-class-382 pa t3439 l47876 ls78">years </span><span class="pp-class-382 pa t3439 l47877">(2023: </span><span class="pp-class-382 pa t3439 l47878">DKK </span><span class="pp-class-382 pa t3439 l39074 ls138">1,332m) </span><span class="pp-class-382 pa t3439 l47879">and </span><span class="pp-class-382 pa t3439 l47880">DKK </span><span class="pp-class-382 pa t3439 l47881">232m </span><span class="pp-class-382 pa t3439 l47882 ls85">expires </span><span class="pp-class-382 pa t3439 l47883 ls112">after </span><span class="pp-class-382 pa t3439 l47884 ls931">more </span><span class="pp-class-382 pa t3439 l47885 ls12">than </span><span class="pp-class-382 pa t3439 l47886 xx369 ls1326">five </span><span class="pp-class-382 pa t3439 l47887 ls78">years </span><span class="pp-class-382 pa t3439 l47888 ls12">(2023: </span><span class="pp-class-382 pa t3439 l47889">DKK </span><span class="pp-class-382 pa t3439 l47890 ls78">97m). </span><span class="pp-class-382 pa t3445 l3">The </span><span class="pp-class-382 pa t3445 l16790 ls45">tax </span><span class="pp-class-382 pa t3445 l21060">losses </span><span class="pp-class-382 pa t3445 l47891 ls287">of </span><span class="pp-class-382 pa t3445 l47892">DKK </span><span class="pp-class-382 pa t3445 l47893 ls85">1,946m </span><span class="pp-class-382 pa t3445 l47894">(2023: </span><span class="pp-class-382 pa t3445 l44774">DKK </span><span class="pp-class-382 pa t3445 l47895 ls180">1,429m) </span><span class="pp-class-382 pa t3445 l47896 ls99">have </span><span class="pp-class-382 pa t3445 l47897 ls150">not </span><span class="pp-class-382 pa t3445 l47898">been </span><span class="pp-class-382 pa t3445 l47899 ls171">recognised </span><span class="pp-class-382 pa t3445 l47900">as </span><span class="pp-class-382 pa t3445 l47901">it </span><span class="pp-class-382 pa t3445 l47902">has </span><span class="pp-class-382 pa t3445 l47903">been </span><span class="pp-class-382 pa t3445 l47904 ls12">assessed </span><span class="pp-class-382 pa t3445 l47905 ls81">that </span><span class="pp-class-382 pa t3445 l47906 ls12">the </span><span class="pp-class-382 pa t3445 l47907">losses </span><span class="pp-class-382 pa t3445 l47908 ls175">cannot </span><span class="pp-class-382 pa t3445 l47909">be </span><span class="pp-class-382 pa t4202 l3">utilised </span><span class="pp-class-382 pa t4202 l47910">in </span><span class="pp-class-382 pa t4202 l47911">the </span><span class="pp-class-382 pa t4202 l47912 ls947">foreseeable </span><span class="pp-class-382 pa t4202 l11880 ls897">future. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t47913 l3 ls1005">The </span><span class="pp-class-382 pa t47913 l47914 ls3566">Group </span><span class="pp-class-382 pa t47913 l4611 ls128">is </span><span class="pp-class-382 pa t47913 l47915 ls76">liable </span><span class="pp-class-382 pa t47913 l47916 ls134">to </span><span class="pp-class-382 pa t47913 l47917 ls704">a </span><span class="pp-class-382 pa t47913 l43732 ls278">contingent </span><span class="pp-class-382 pa t47913 l47918 ls138">tax </span><span class="pp-class-382 pa t47913 l47919 ls230">that </span><span class="pp-class-382 pa t47913 l47920 ls858">may </span><span class="pp-class-382 pa t47913 l47921 ls332">arise </span><span class="pp-class-382 pa t47913 l47922 ls1257">at </span><span class="pp-class-382 pa t47913 l47923 ls1005">the </span><span class="pp-class-382 pa t47913 l47924 ls276">withdrawal </span><span class="pp-class-382 pa t47913 l47925 ls56">from </span><span class="pp-class-382 pa t47913 l47926 ls124">tonnage </span><span class="pp-class-382 pa t47913 l47927 ls1323">taxation </span><span class="pp-class-382 pa t47913 l47928 ls254">schemes. </span><span class="pp-class-382 pa t47913 l47929 ls1005">The </span><span class="pp-class-382 pa t47913 l47930 ls3566">Group </span><span class="pp-class-382 pa t47913 l47931 ls319">controls </span><span class="pp-class-382 pa t47913 l47932 ls704">the </span><span class="pp-class-382 pa t47933 l3 ls276">withdrawal </span><span class="pp-class-382 pa t47933 l47934 ls1005">and </span><span class="pp-class-382 pa t47933 l47935 ls1005">has </span><span class="pp-class-382 pa t47933 l47936 ls128">no </span><span class="pp-class-382 pa t47933 l29801 ls332">plans </span><span class="pp-class-382 pa t47933 l47937 ls134">to </span><span class="pp-class-382 pa t47933 l47938 ls1126">withdraw </span><span class="pp-class-382 pa t47933 l47939 ls56">from </span><span class="pp-class-382 pa t47933 l47940 ls1005">the </span><span class="pp-class-382 pa t47933 l47941 ls241">schemes </span><span class="pp-class-382 pa t47933 l41623 ls1005">and </span><span class="pp-class-382 pa t47933 l47942 ls2835">consequently </span><span class="pp-class-382 pa t47933 l47943 ls128">no </span><span class="pp-class-382 pa t47933 l47944 ls3566">deferred </span><span class="pp-class-382 pa t47933 l47945 ls138">tax </span><span class="pp-class-382 pa t47933 l47946 ls1005">has </span><span class="pp-class-382 pa t47933 l47947 ls171">been </span><span class="pp-class-382 pa t47933 l47948 ls882">recognised.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t47949 l3 ls858">The </span><span class="pp-class-382 pa t47949 l16631 ls2784">Group </span><span class="pp-class-382 pa t47949 l4002 ls1080">is </span><span class="pp-class-382 pa t47949 l47950 ls2486">within </span><span class="pp-class-382 pa t47949 l47951 ls1099">the </span><span class="pp-class-382 pa t47949 l47952 ls1759">scope </span><span class="pp-class-382 pa t47949 l42614 ls103">of </span><span class="pp-class-382 pa t47949 l47953 ls858">the </span><span class="pp-class-382 pa t47949 l47954 ls1323">OECD </span><span class="pp-class-382 pa t47949 l47955 ls2486">Pillar </span><span class="pp-class-382 pa t47949 l47956 ls1080">II </span><span class="pp-class-382 pa t47949 l47957 ls1759">model </span><span class="pp-class-382 pa t47949 l47958 ls1759">rules </span><span class="pp-class-382 pa t47949 l47959 ls2145">regarding </span><span class="pp-class-382 pa t47949 l31851 ls1237">minimum </span><span class="pp-class-382 pa t47949 l47960 ls2145">taxation </span><span class="pp-class-382 pa t47949 l47961 ls103">of </span><span class="pp-class-382 pa t47949 l47962 ls1323">15%. </span><span class="pp-class-382 pa t47949 l47963 ls858">The </span><span class="pp-class-382 pa t47949 l47964 ls1759">rules </span><span class="pp-class-382 pa t47949 l47965 ls2848">were </span><span class="pp-class-382 pa t47949 l47966 ls1073">implemented </span><span class="pp-class-382 pa t47967 l3 ls2970">throughout </span><span class="pp-class-382 pa t47967 l29572 ls1080">EU </span><span class="pp-class-382 pa t47967 l47968 ls1080">in </span><span class="pp-class-382 pa t47967 l47969 ls1323">2023 </span><span class="pp-class-382 pa t47967 l13954 ls1323">with </span><span class="pp-class-382 pa t47967 l47970 ls2142">effect </span><span class="pp-class-382 pa t47967 l47971 ls1243">from </span><span class="pp-class-382 pa t47967 l47972 ls302">1 </span><span class="pp-class-382 pa t47967 l47973 ls3572">January </span><span class="pp-class-382 pa t47967 l47974 ls2854">2024. </span><span class="pp-class-382 pa t47967 l47975 ls1099">The </span><span class="pp-class-382 pa t47967 l47976 ls2784">Group </span><span class="pp-class-382 pa t47967 l47977 ls858">has </span><span class="pp-class-382 pa t47967 l47978 ls1237">applied </span><span class="pp-class-382 pa t47967 l47979 ls858">the </span><span class="pp-class-382 pa t47967 l47980 ls3630">exception </span><span class="pp-class-382 pa t47967 l47981 ls1759">to </span><span class="pp-class-382 pa t47967 l47982 ls2142">recognising </span><span class="pp-class-382 pa t47967 l47983 ls858">and </span><span class="pp-class-382 pa t47967 l47984 ls869">disclosing </span><span class="pp-class-382 pa t47985 l3 ls1148">information </span><span class="pp-class-382 pa t47985 l47986 ls1759">about </span><span class="pp-class-382 pa t47985 l47987 ls828">deferred </span><span class="pp-class-382 pa t47985 l47988 ls1237">tax </span><span class="pp-class-382 pa t47985 l6585 ls238">assets </span><span class="pp-class-382 pa t47985 l45808 ls858">and </span><span class="pp-class-382 pa t47985 l47989 ls1118">liabilities </span><span class="pp-class-382 pa t47985 l47990 ls3458">related </span><span class="pp-class-382 pa t47985 l47991 ls1759">to </span><span class="pp-class-382 pa t47985 l47992 ls2486">Pillar </span><span class="pp-class-382 pa t47985 l47993 ls1080">II </span><span class="pp-class-382 pa t47985 l47994 ls2486">income </span><span class="pp-class-382 pa t47985 l47995 ls4305">taxes, </span><span class="pp-class-382 pa t47985 l47996 ls1080">as </span><span class="pp-class-382 pa t47985 l47997 ls3377">provided </span><span class="pp-class-382 pa t47985 l47998 ls1080">in </span><span class="pp-class-382 pa t47985 l47999 ls858">the </span><span class="pp-class-382 pa t47985 l48000 ls806">amendments </span><span class="pp-class-382 pa t47985 l48001 ls1759">to </span><span class="pp-class-382 pa t47985 l48002 ls4275">IAS </span><span class="pp-class-382 pa t47985 l48003 ls1080">12 </span><span class="pp-class-382 pa t47985 l48004 ls278">in </span><span class="pp-class-382 pa t48005 l3 ls2944">May </span><span class="pp-class-382 pa t48005 l48006 ls7094">2023. </span><span class="pp-class-382 pa t48005 l48007 ls1759">Under </span><span class="pp-class-382 pa t48005 l48008 ls858">the </span><span class="pp-class-382 pa t48005 l48009 ls2113">legislation, </span><span class="pp-class-382 pa t48005 l48010 ls858">the </span><span class="pp-class-382 pa t48005 l48011 ls2784">Group </span><span class="pp-class-382 pa t48005 l48012 ls1080">is </span><span class="pp-class-382 pa t48005 l48013 ls2486">liable </span><span class="pp-class-382 pa t48005 l48014 ls1759">to </span><span class="pp-class-382 pa t48005 l48015 ls2944">pay </span><span class="pp-class-382 pa t48005 l48016 ls302">a </span><span class="pp-class-382 pa t48005 l48017 ls2482">top-up </span><span class="pp-class-382 pa t48005 l48018 ls1237">tax </span><span class="pp-class-382 pa t48005 l48019 ls3278">for </span><span class="pp-class-382 pa t48005 l48020 ls858">the </span><span class="pp-class-382 pa t48005 l48021 ls1974">difference </span><span class="pp-class-382 pa t48005 l48022 ls1244">between </span><span class="pp-class-382 pa t48005 l48023 ls858">the </span><span class="pp-class-382 pa t48005 l48024 ls2784">effective </span><span class="pp-class-382 pa t48005 l48025 ls1237">tax </span><span class="pp-class-382 pa t48005 l48026 ls3216">rate </span><span class="pp-class-382 pa t48005 l48027 ls302">per </span><span class="pp-class-382 pa t48028 l3 ls4275">jurisdiction </span><span class="pp-class-382 pa t48028 l45917 ls803">calculated </span><span class="pp-class-382 pa t48028 l48029 ls1080">as </span><span class="pp-class-382 pa t48028 l48030 ls858">per </span><span class="pp-class-382 pa t48028 l48031 ls2486">Pillar </span><span class="pp-class-382 pa t48028 l46549 ls1080">II </span><span class="pp-class-382 pa t48028 l48032 ls688">legislation </span><span class="pp-class-382 pa t48028 l48033 ls858">and </span><span class="pp-class-382 pa t48028 l48034 ls858">the </span><span class="pp-class-382 pa t48028 l48035 ls1099">15% </span><span class="pp-class-382 pa t48028 l48036 ls1237">minimum </span><span class="pp-class-382 pa t48028 l48037 ls2588">rate. </span><span class="pp-class-382 pa t48028 l48038 ls1759">Since </span><span class="pp-class-382 pa t48028 l48039 ls2486">income </span><span class="pp-class-382 pa t48028 l48040 ls1243">from </span><span class="pp-class-382 pa t48028 l48041 ls2694">shipping </span><span class="pp-class-382 pa t48028 l48042 ls1080">is </span><span class="pp-class-382 pa t48028 l48043 ls2459">excluded </span><span class="pp-class-382 pa t48028 l48044 ls1243">from </span><span class="pp-class-382 pa t48028 l48045 ls302">the </span><span class="pp-class-382 pa t48046 l3 ls1237">minimum </span><span class="pp-class-382 pa t48046 l48047 ls2145">taxation </span><span class="pp-class-382 pa t48046 l48048 ls2486">rules, </span><span class="pp-class-382 pa t48046 l31046 ls858">the </span><span class="pp-class-382 pa t48046 l36795 ls1759">rules </span><span class="pp-class-382 pa t48046 l48049 ls1080">do </span><span class="pp-class-382 pa t48046 l48050 ls830">not </span><span class="pp-class-382 pa t48046 l48051 ls185">have </span><span class="pp-class-382 pa t48046 l48052 ls3278">any </span><span class="pp-class-382 pa t48046 l48053 ls2142">material </span><span class="pp-class-382 pa t48046 l48054 ls728">impact </span><span class="pp-class-382 pa t48046 l48055 ls3278">for </span><span class="pp-class-382 pa t48046 l48056 ls858">the </span><span class="pp-class-382 pa t48046 l48057 ls2149">Group. </span><span class="pp-class-382 pa t48046 l48058 ls1759">Based </span><span class="pp-class-382 pa t48046 l48059 ls1080">on </span><span class="pp-class-382 pa t48046 l48060 ls53">preliminary </span><span class="pp-class-382 pa t48046 l48061 ls2842">calculations, </span><span class="pp-class-382 pa t48046 l48062 ls1080">in </span><span class="pp-class-382 pa t48046 l48063 ls1150">2024 </span><span class="pp-class-382 pa t48046 l48064 ls278">an </span><span class="pp-class-382 pa t48065 l3 ls296">insignificant </span><span class="pp-class-382 pa t48065 l48066 ls1073">amount </span><span class="pp-class-382 pa t48065 l31961 ls103">of </span><span class="pp-class-382 pa t48065 l48067 ls1323">less </span><span class="pp-class-382 pa t48065 l48068 ls1323">than </span><span class="pp-class-382 pa t48065 l48069 ls858">DKK </span><span class="pp-class-382 pa t48065 l48070 ls1080">5m </span><span class="pp-class-382 pa t48065 l48071 ls858">has </span><span class="pp-class-382 pa t48065 l48072 ls1323">been </span><span class="pp-class-382 pa t48065 l48073 ls3377">provided </span><span class="pp-class-382 pa t48065 l48074 ls3278">for </span><span class="pp-class-382 pa t48065 l48075 ls1080">in </span><span class="pp-class-382 pa t48065 l48076 ls2482">top-up </span><span class="pp-class-382 pa t48065 l48077 ls2688">taxes </span><span class="pp-class-382 pa t48065 l48078 ls3458">related </span><span class="pp-class-382 pa t48065 l48079 ls1759">to </span><span class="pp-class-382 pa t48065 l48080 ls2784">Group </span><span class="pp-class-382 pa t48065 l48081 ls1319">entities. </span><span class="pp-class-382 pa t48065 l48082 ls858">Due </span><span class="pp-class-382 pa t48065 l8507 ls1759">to </span><span class="pp-class-382 pa t48065 l48083 ls1099">the </span><span class="pp-class-382 pa t48065 l48084 ls296">preliminary </span><span class="pp-class-382 pa t48085 l3 ls3435">nature </span><span class="pp-class-382 pa t48085 l43971 ls103">of </span><span class="pp-class-382 pa t48085 l48086 ls1099">the </span><span class="pp-class-382 pa t48085 l48087 ls2113">calculations </span><span class="pp-class-382 pa t48085 l48088 ls1868">differences </span><span class="pp-class-382 pa t48085 l48089 ls2944">may </span><span class="pp-class-382 pa t48085 l48090 ls1759">occur </span><span class="pp-class-382 pa t48085 l48091 ls1323">when </span><span class="pp-class-382 pa t48085 l48092 ls960">preparing </span><span class="pp-class-382 pa t48085 l48093 ls858">the </span><span class="pp-class-382 pa t48085 l48094 ls2486">Pillar </span><span class="pp-class-382 pa t48085 l48095 ls1080">II </span><span class="pp-class-382 pa t48085 l48096 ls1237">filing, </span><span class="pp-class-382 pa t48085 l48097 ls3184">however </span><span class="pp-class-382 pa t48085 l48098 ls3278">any </span><span class="pp-class-382 pa t48085 l48099 ls1323">such </span><span class="pp-class-382 pa t48085 l48100 ls1868">differences </span><span class="pp-class-382 pa t48085 l48101 ls800">are </span><span class="pp-class-382 pa t48085 l48102 ls830">not </span><span class="pp-class-382 pa t48085 l48103 ls1099">assumed </span><span class="pp-class-382 pa t48104 l3 ls1759">to </span><span class="pp-class-382 pa t48104 l29588 ls1080">be </span><span class="pp-class-382 pa t48104 l48105 ls2142">material.</span></p></div></div><div class="pp-class-10" id="pp-id-5133" xmlns="http://www.w3.org/1999/xhtml"><div class="w47435 h47436 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2143">2.6 </span><span class="pp-class-370 pa t21055 l43638 ls45771">Tax </span><span class="pp-class-371 pa t21055 l47437"/><span class="pp-class-371 pa t21055 l47438 ls155">(continued)</span></p></div></div><div class="pp-class-10" id="pp-id-5160" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx22795 tro6 xx22796"><div id="pp-id-5157"><div class="pp-class-363 pp-class-395" id="pp-id-5156"><div class="w37231 h48107 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls4372">Tax </span><span class="pp-class-382 pa t29793 l48108 ls3278">for </span><span class="pp-class-382 pa t29793 l48109 ls858">the </span><span class="pp-class-382 pa t29793 l48110 ls960">year </span><span class="pp-class-382 pa t29793 l48111 ls1073">comprises </span><span class="pp-class-382 pa t29793 l48112 ls2486">income </span><span class="pp-class-382 pa t29793 l2091 ls1073">tax, </span><span class="pp-class-382 pa t29793 l48113 ls688">tonnage </span><span class="pp-class-382 pa t29793 l48114 ls1073">tax, </span><span class="pp-class-382 pa t29793 l44358 ls858">and </span><span class="pp-class-382 pa t29793 l48115 ls1305">joint </span><span class="pp-class-382 pa t29793 l48116 ls2145">taxation </span><span class="pp-class-382 pa t29793 l48117 ls296">contribution </span><span class="pp-class-382 pa t29793 l48118 ls3278">for </span><span class="pp-class-382 pa t29793 l48119 ls1099">the </span><span class="pp-class-382 pa t29793 l48120 ls960">year </span><span class="pp-class-382 pa t29793 l48121 ls134">of </span><span class="pp-class-382 pa t29798 l3 ls2486">Danish </span><span class="pp-class-382 pa t29798 l48122 ls830">subsidiaries </span><span class="pp-class-382 pa t29798 l48123 ls1080">as </span><span class="pp-class-382 pa t29798 l48124 ls960">well </span><span class="pp-class-382 pa t29798 l48125 ls1080">as </span><span class="pp-class-382 pa t29798 l48126 ls1237">changes </span><span class="pp-class-382 pa t29798 l48127 ls1080">in </span><span class="pp-class-382 pa t29798 l48128 ls828">deferred </span><span class="pp-class-382 pa t29798 l48129 ls1237">tax </span><span class="pp-class-382 pa t29798 l48130 ls3278">for </span><span class="pp-class-382 pa t29798 l48131 ls858">the </span><span class="pp-class-382 pa t29798 l48132 ls648">year. </span><span class="pp-class-382 pa t29798 l48133 ls3216">Additionally, </span><span class="pp-class-382 pa t29798 l48134 ls858">the </span><span class="pp-class-382 pa t29798 l48135 ls1237">tax </span><span class="pp-class-382 pa t29798 l48136 ls3278">for </span><span class="pp-class-382 pa t29798 l48137 ls1099">the </span><span class="pp-class-382 pa t29798 l48138 ls3474">year </span><span class="pp-class-382 pa t36806 l3 ls1073">comprises </span><span class="pp-class-382 pa t36806 l34337 ls3278">adjustments </span><span class="pp-class-382 pa t36806 l33393 ls1759">to </span><span class="pp-class-382 pa t36806 l48139 ls1759">prior </span><span class="pp-class-382 pa t36806 l6118 ls2889">years' </span><span class="pp-class-382 pa t36806 l34490 ls2688">taxes </span><span class="pp-class-382 pa t36806 l48140 ls858">and </span><span class="pp-class-382 pa t36806 l48141 ls1237">changes </span><span class="pp-class-382 pa t36806 l48142 ls1080">in </span><span class="pp-class-382 pa t36806 l48143 ls858">the </span><span class="pp-class-382 pa t36806 l48144 ls806">assessment </span><span class="pp-class-382 pa t36806 l48145 ls103">of </span><span class="pp-class-382 pa t36806 l48146 ls828">provisions </span><span class="pp-class-382 pa t36806 l48147 ls99">for </span><span class="pp-class-382 pa t29811 l3 ls866">uncertain </span><span class="pp-class-382 pa t29811 l15075 ls1237">tax </span><span class="pp-class-382 pa t29811 l48148 ls819">positions. </span><span class="pp-class-382 pa t29811 l48149 ls858">The </span><span class="pp-class-382 pa t29811 l48150 ls1237">tax </span><span class="pp-class-382 pa t29811 l48151 ls3278">for </span><span class="pp-class-382 pa t29811 l43718 ls858">the </span><span class="pp-class-382 pa t29811 l48152 ls960">year </span><span class="pp-class-382 pa t29811 l48153 ls1080">is </span><span class="pp-class-382 pa t29811 l48154 ls2970">recognised </span><span class="pp-class-382 pa t29811 l48155 ls1080">in </span><span class="pp-class-382 pa t29811 l48156 ls858">the </span><span class="pp-class-382 pa t29811 l48157 ls2486">income </span><span class="pp-class-382 pa t29811 l48158 ls1150">statement </span><span class="pp-class-382 pa t29811 l48159 ls1080">or </span><span class="pp-class-382 pa t29811 l48160 ls1080">in </span><span class="pp-class-382 pa t29811 l48161 ls858">the </span><span class="pp-class-382 pa t29811 l48162 ls2486">equity </span><span class="pp-class-382 pa t29811 l48163 ls278">in </span><span class="pp-class-382 pa t29824 l3 ls2944">correlation </span><span class="pp-class-382 pa t29824 l48164 ls1759">to </span><span class="pp-class-382 pa t29824 l48165 ls858">the </span><span class="pp-class-382 pa t29824 l48166 ls1083">underlying </span><span class="pp-class-382 pa t29824 l36219 ls2944">transaction.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29849 l3 ls884">The </span><span class="pp-class-382 pa t29849 l48167 ls1323">current </span><span class="pp-class-382 pa t29849 l48168 ls830">payable </span><span class="pp-class-382 pa t29849 l48169 ls110">Danish </span><span class="pp-class-382 pa t29849 l48170 ls869">corporation </span><span class="pp-class-382 pa t29849 l20316 ls302">tax </span><span class="pp-class-382 pa t29849 l48171 ls278">is </span><span class="pp-class-382 pa t29849 l48172 ls1080">allocated </span><span class="pp-class-382 pa t29849 l18728 ls1319">by </span><span class="pp-class-382 pa t29849 l48173 ls884">the </span><span class="pp-class-382 pa t29849 l48174 ls1112">settlement </span><span class="pp-class-382 pa t29849 l48175 ls134">of </span><span class="pp-class-382 pa t29849 l48176 ls76">a </span><span class="pp-class-382 pa t29849 l48177 ls203">joint </span><span class="pp-class-382 pa t29849 l48178 ls830">taxation </span><span class="pp-class-382 pa t29853 l3 ls198">contribution </span><span class="pp-class-382 pa t29853 l48179 ls858">between </span><span class="pp-class-382 pa t29853 l27394 ls884">the </span><span class="pp-class-382 pa t29853 l48180 ls1118">jointly </span><span class="pp-class-382 pa t29853 l48181 ls1319">taxed </span><span class="pp-class-382 pa t29853 l48182 ls124">companies </span><span class="pp-class-382 pa t29853 l48183 ls278">in </span><span class="pp-class-382 pa t29853 l48184 ls2835">proportion </span><span class="pp-class-382 pa t29853 l48185 ls302">to </span><span class="pp-class-382 pa t29853 l48186 ls39">their </span><span class="pp-class-382 pa t29853 l48187 ls866">taxable </span><span class="pp-class-382 pa t29853 l48188 ls274">income. </span><span class="pp-class-382 pa t29853 l48189 ls16">Companies </span><span class="pp-class-382 pa t29866 l3 ls16">with </span><span class="pp-class-382 pa t29866 l48190 ls302">tax </span><span class="pp-class-382 pa t29866 l48191 ls110">losses </span><span class="pp-class-382 pa t29866 l48192 ls1701">receive </span><span class="pp-class-382 pa t29866 l48193 ls203">joint </span><span class="pp-class-382 pa t29866 l48194 ls4275">taxation </span><span class="pp-class-382 pa t29866 l48195 ls198">contributions </span><span class="pp-class-382 pa t29866 l48196 ls830">from </span><span class="pp-class-382 pa t29866 l48197 ls182">companies </span><span class="pp-class-382 pa t29866 l48198 ls1123">that </span><span class="pp-class-382 pa t29866 l48199 ls8853">have </span><span class="pp-class-382 pa t29866 l48200 ls16">been </span><span class="pp-class-382 pa t29866 l48201 ls16">able </span><span class="pp-class-382 pa t29866 l48202 ls302">to </span><span class="pp-class-382 pa t29866 l48203 ls897">utilise </span><span class="pp-class-382 pa t29866 l48204 ls76">the </span><span class="pp-class-382 pa t36841 l3 ls302">tax </span><span class="pp-class-382 pa t36841 l48205 ls110">losses </span><span class="pp-class-382 pa t36841 l48206 ls302">to </span><span class="pp-class-382 pa t36841 l48207 ls1323">reduce </span><span class="pp-class-382 pa t36841 l14057 ls39">their </span><span class="pp-class-382 pa t36841 l48208 ls866">own </span><span class="pp-class-382 pa t36841 l48209 ls866">taxable </span><span class="pp-class-382 pa t36841 l48210 ls3566">profit. </span><span class="pp-class-382 pa t36841 l48211 ls9956">Tax </span><span class="pp-class-382 pa t36841 l48212 ls302">computed </span><span class="pp-class-382 pa t36841 l48213 ls278">on </span><span class="pp-class-382 pa t36841 l48214 ls884">the </span><span class="pp-class-382 pa t36841 l48215 ls866">taxable </span><span class="pp-class-382 pa t36841 l48216 ls110">income </span><span class="pp-class-382 pa t36841 l48217 ls884">and </span><span class="pp-class-382 pa t36841 l48218 ls34">tonnage </span><span class="pp-class-382 pa t36841 l44338 ls884">tax </span><span class="pp-class-382 pa t29875 l3 ls85">for </span><span class="pp-class-382 pa t29875 l48219 ls884">the </span><span class="pp-class-382 pa t29875 l48220 ls56">year </span><span class="pp-class-382 pa t29875 l48221 ls278">is </span><span class="pp-class-382 pa t29875 l22258 ls1112">recognised </span><span class="pp-class-382 pa t29875 l48208 ls278">in </span><span class="pp-class-382 pa t29875 l48222 ls884">the </span><span class="pp-class-382 pa t29875 l48223 ls897">balance </span><span class="pp-class-382 pa t29875 l48224 ls2482">sheet </span><span class="pp-class-382 pa t29875 l44025 ls278">as </span><span class="pp-class-382 pa t29875 l48225 ls830">payable </span><span class="pp-class-382 pa t29875 l48226 ls278">or </span><span class="pp-class-382 pa t29875 l48227 ls2486">receivable </span><span class="pp-class-382 pa t29875 l48228 ls1319">corporate </span><span class="pp-class-382 pa t29875 l48229 ls302">tax </span><span class="pp-class-382 pa t29875 l43440 ls39">considering </span><span class="pp-class-382 pa t29878 l3 ls3278">on-account/advance </span><span class="pp-class-382 pa t29878 l48230 ls1140">payments.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29902 l3 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29902 l30492 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29902 l48231 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29902 l28501 ls11558 wtro3159 wtr1724 tro3160 tr1725">provided </span><span class="pp-class-382 pa t29902 l48232 ls1243 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t29902 l48233 ls2854 wtro3159 wtr1724 tro3160 tr1725">using </span><span class="pp-class-382 pa t29902 l48234 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29902 l34622 ls6007 wtro3159 wtr1724 tro3160 tr1725">liability </span><span class="pp-class-382 pa t29902 l48235 ls4305 wtro3159 wtr1724 tro3160 tr1725">method </span><span class="pp-class-382 pa t29902 l48236 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29902 l48237 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29902 l48238 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t29902 l48239 ls715 wtro3159 wtr1724 tro3160 tr1725">between </span><span class="pp-class-382 pa t29902 l48240 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29902 l48241 ls238 wtro3159 wtr1724 tro3160 tr1725">carrying </span><span class="pp-class-382 pa t36874 l3 ls1974 wtro3159 wtr1724 tro3160 tr1725">amount </span><span class="pp-class-382 pa t36874 l48242 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t36874 l48243 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l4749 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t36874 l12658 ls3105 wtro3159 wtr1724 tro3160 tr1725">base </span><span class="pp-class-382 pa t36874 l48244 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t36874 l48245 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l48246 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t36874 l48247 ls2842 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t36874 l48248 ls2787 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t36874 l48249 ls650 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t36874 l48250 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l48251 ls4279 wtro3159 wtr1724 tro3160 tr1725">reporting </span><span class="pp-class-382 pa t36874 l48252 ls6791 wtro3159 wtr1724 tro3160 tr1725">date. </span><span class="pp-class-382 pa t36874 l48253 ls8064 wtro3159 wtr1724 tro3160 tr1725">However, </span><span class="pp-class-382 pa t36874 l48254 ls3230 wtro3159 wtr1724 tro3160 tr1725">deferred </span><span class="pp-class-382 pa t36874 l48255 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t36874 l48256 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t36874 l48257 ls1237 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t29917 l3 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29917 l48258 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29917 l48259 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29917 l48260 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t29917 l48261 ls1057 wtro3159 wtr1724 tro3160 tr1725">relating </span><span class="pp-class-382 pa t29917 l48262 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29917 l48263 ls715 wtro3159 wtr1724 tro3160 tr1725">non-tax-deductible </span><span class="pp-class-382 pa t29917 l48264 ls1974 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t29917 l48265 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29917 l48266 ls2955 wtro3159 wtr1724 tro3160 tr1725">arose </span><span class="pp-class-382 pa t29917 l48267 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29917 l48268 ls1974 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t29920 l3 ls2138 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t29920 l48269 ls1868 wtro3159 wtr1724 tro3160 tr1725">without </span><span class="pp-class-382 pa t29920 l48270 ls646 wtro3159 wtr1724 tro3160 tr1725">impacting </span><span class="pp-class-382 pa t29920 l48271 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29920 l48272 ls195 wtro3159 wtr1724 tro3160 tr1725">result </span><span class="pp-class-382 pa t29920 l48273 ls1319 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t29920 l48274 ls26 wtro3159 wtr1724 tro3160 tr1725">taxable </span><span class="pp-class-382 pa t29920 l26526 ls1463 wtro3159 wtr1724 tro3160 tr1725">income. </span><span class="pp-class-382 pa t29920 l48275 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29920 l48276 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29920 l48277 ls1057 wtro3159 wtr1724 tro3160 tr1725">relating </span><span class="pp-class-382 pa t29920 l48278 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29920 l48279 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t29920 l48280 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t29920 l48281 ls2787 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t29920 l48282 ls6360 wtro3159 wtr1724 tro3160 tr1725">subject </span><span class="pp-class-382 pa t29933 l3 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48283 ls7094 wtro3159 wtr1724 tro3160 tr1725">tonnage </span><span class="pp-class-382 pa t29933 l48284 ls3184 wtro3159 wtr1724 tro3160 tr1725">taxation </span><span class="pp-class-382 pa t29933 l48285 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29933 l48286 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29933 l48287 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48288 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29933 l16282 ls6791 wtro3159 wtr1724 tro3160 tr1725">extent </span><span class="pp-class-382 pa t29933 l48289 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29933 l48290 ls3230 wtro3159 wtr1724 tro3160 tr1725">deferred </span><span class="pp-class-382 pa t29933 l48291 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29933 l48292 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29933 l48293 ls3230 wtro3159 wtr1724 tro3160 tr1725">expected </span><span class="pp-class-382 pa t29933 l48294 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48295 ls2531 wtro3159 wtr1724 tro3160 tr1725">crystallise. </span><span class="pp-class-382 pa t29933 l48296 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29933 l48297 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t48298 l3 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t48298 l48299 ls3382 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t48298 l48300 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t48298 l48301 ls1243 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t48298 l48302 ls2842 wtro3159 wtr1724 tro3160 tr1725">all </span><span class="pp-class-382 pa t48298 l48303 ls1463 wtro3159 wtr1724 tro3160 tr1725">deductible </span><span class="pp-class-382 pa t48298 l48304 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t48298 l48305 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t48298 l48306 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t48298 l48307 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t48298 l18202 ls1271 wtro3159 wtr1724 tro3160 tr1725">carry </span><span class="pp-class-382 pa t48298 l48308 ls3216 wtro3159 wtr1724 tro3160 tr1725">forward </span><span class="pp-class-382 pa t48298 l48309 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t48298 l42005 ls1243 wtro3159 wtr1724 tro3160 tr1725">any </span><span class="pp-class-382 pa t48298 l48310 ls1150 wtro3159 wtr1724 tro3160 tr1725">unused </span><span class="pp-class-382 pa t48298 l48311 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29935 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">losses. </span><span class="pp-class-382 pa t29935 l48312 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29935 l48313 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29935 l48314 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t29935 l6122 ls3382 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t29935 l48315 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29935 l48316 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29935 l14770 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29935 l48317 ls6791 wtro3159 wtr1724 tro3160 tr1725">extent </span><span class="pp-class-382 pa t29935 l48318 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29935 l48319 ls1319 wtro3159 wtr1724 tro3160 tr1725">it </span><span class="pp-class-382 pa t29935 l48320 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29935 l48321 ls2459 wtro3159 wtr1724 tro3160 tr1725">probable </span><span class="pp-class-382 pa t29935 l48322 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29935 l48323 ls26 wtro3159 wtr1724 tro3160 tr1725">taxable </span><span class="pp-class-382 pa t29935 l48324 ls2851 wtro3159 wtr1724 tro3160 tr1725">profit </span><span class="pp-class-382 pa t29935 l48325 ls3105 wtro3159 wtr1724 tro3160 tr1725">will </span><span class="pp-class-382 pa t29935 l48326 ls203 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t29946 l3 ls2143 wtro3159 wtr1724 tro3160 tr1725">available </span><span class="pp-class-382 pa t29946 l48327 ls2688 wtro3159 wtr1724 tro3160 tr1725">against </span><span class="pp-class-382 pa t29946 l48328 ls2854 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t29946 l48329 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29946 l48330 ls1463 wtro3159 wtr1724 tro3160 tr1725">deductible </span><span class="pp-class-382 pa t29946 l48331 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29946 l48332 ls185 wtro3159 wtr1724 tro3160 tr1725">differences, </span><span class="pp-class-382 pa t29946 l48333 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t29946 l48334 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29946 l48335 ls1271 wtro3159 wtr1724 tro3160 tr1725">carry </span><span class="pp-class-382 pa t29946 l48336 ls3216 wtro3159 wtr1724 tro3160 tr1725">forward </span><span class="pp-class-382 pa t29946 l48337 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t29946 l48338 ls1150 wtro3159 wtr1724 tro3160 tr1725">unused </span><span class="pp-class-382 pa t29946 l48339 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29959 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">losses, </span><span class="pp-class-382 pa t29959 l48312 ls2113 wtro3159 wtr1724 tro3160 tr1725">can </span><span class="pp-class-382 pa t29959 l48340 ls1319 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t29959 l48341 ls1974 wtro3159 wtr1724 tro3160 tr1725">utilised </span><span class="pp-class-382 pa t29959 l41071 ls1319 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t29959 l48342 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29959 l48343 ls2134 wtro3159 wtr1724 tro3160 tr1725">foreseeable </span><span class="pp-class-382 pa t29959 l48344 ls1015 wtro3159 wtr1724 tro3160 tr1725">future. </span><span class="pp-class-382 pa t29959 l48345 ls2113 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t29959 l48346 ls803 wtro3159 wtr1724 tro3160 tr1725">carrying </span><span class="pp-class-382 pa t29959 l48347 ls1974 wtro3159 wtr1724 tro3160 tr1725">amount </span><span class="pp-class-382 pa t29959 l48348 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29959 l48349 ls1952 wtro3159 wtr1724 tro3160 tr1725">reviewed </span><span class="pp-class-382 pa t29959 l48350 ls650 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t29959 l48351 ls1243 wtro3159 wtr1724 tro3160 tr1725">each </span><span class="pp-class-382 pa t29959 l48352 ls4279 wtro3159 wtr1724 tro3160 tr1725">reporting </span><span class="pp-class-382 pa t29959 l48353 ls3123 wtro3159 wtr1724 tro3160 tr1725">date.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29964 l3 ls2960 wtro3159 wtr9936 tro3160 tr9937">Deferred </span><span class="pp-class-382 pa t29964 l48354 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29964 l48355 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t29964 l48356 ls23129 wtro3159 wtr9936 tro3160 tr9937">measured </span><span class="pp-class-382 pa t29964 l48357 ls2805 wtro3159 wtr9936 tro3160 tr9937">based </span><span class="pp-class-382 pa t29964 l48358 ls2955 wtro3159 wtr9936 tro3160 tr9937">on </span><span class="pp-class-382 pa t29964 l48359 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29964 l48360 ls2960 wtro3159 wtr9936 tro3160 tr9937">expected </span><span class="pp-class-382 pa t29964 l48361 ls3241 wtro3159 wtr9936 tro3160 tr9937">use </span><span class="pp-class-382 pa t29964 l48362 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29964 l48363 ls6498 wtro3159 wtr9936 tro3160 tr9937">settlement </span><span class="pp-class-382 pa t29964 l48364 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t29964 l48365 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29964 l48366 ls789 wtro3159 wtr9936 tro3160 tr9937">individual </span><span class="pp-class-382 pa t29964 l48367 ls1739 wtro3159 wtr9936 tro3160 tr9937">assets </span><span class="pp-class-382 pa t29964 l48368 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29964 l48369 ls2805 wtro3159 wtr9936 tro3160 tr9937">liabilities </span><span class="pp-class-382 pa t29978 l3 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29978 l48370 ls18578 wtro3159 wtr9936 tro3160 tr9937">according </span><span class="pp-class-382 pa t29978 l48371 ls10900 wtro3159 wtr9936 tro3160 tr9937">to </span><span class="pp-class-382 pa t29978 l48372 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l26440 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29978 l48373 ls2805 wtro3159 wtr9936 tro3160 tr9937">rules </span><span class="pp-class-382 pa t29978 l48374 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29978 l4006 ls18115 wtro3159 wtr9936 tro3160 tr9937">at </span><span class="pp-class-382 pa t29978 l48375 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l47574 ls4805 wtro3159 wtr9936 tro3160 tr9937">known </span><span class="pp-class-382 pa t29978 l48376 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29978 l48377 ls4819 wtro3159 wtr9936 tro3160 tr9937">rates </span><span class="pp-class-382 pa t29978 l48378 ls789 wtro3159 wtr9936 tro3160 tr9937">applicable </span><span class="pp-class-382 pa t29978 l48379 ls18115 wtro3159 wtr9936 tro3160 tr9937">at </span><span class="pp-class-382 pa t29978 l48380 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l48381 ls3036 wtro3159 wtr9936 tro3160 tr9937">balance </span><span class="pp-class-382 pa t29978 l48382 ls10809 wtro3159 wtr9936 tro3160 tr9937">sheet </span><span class="pp-class-382 pa t29978 l48383 ls37002 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t29978 l48384 ls719 wtro3159 wtr9936 tro3160 tr9937">when </span><span class="pp-class-382 pa t29978 l48385 ls1150 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29989 l3 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t29989 l48386 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29989 l48387 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t29989 l48388 ls2960 wtro3159 wtr9936 tro3160 tr9937">expected </span><span class="pp-class-382 pa t29989 l48389 ls10900 wtro3159 wtr9936 tro3160 tr9937">to </span><span class="pp-class-382 pa t29989 l48390 ls721 wtro3159 wtr9936 tro3160 tr9937">crystallise </span><span class="pp-class-382 pa t29989 l48391 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t29989 l48392 ls48393 wtro3159 wtr9936 tro3160 tr9937">current </span><span class="pp-class-382 pa t29989 l48394 ls3190 wtro3159 wtr9936 tro3160 tr9937">tax. </span><span class="pp-class-382 pa t29989 l48395 ls3241 wtro3159 wtr9936 tro3160 tr9937">The </span><span class="pp-class-382 pa t29989 l48396 ls14357 wtro3159 wtr9936 tro3160 tr9937">change </span><span class="pp-class-382 pa t29989 l48397 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t29989 l48398 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t29989 l48399 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29989 l48400 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t29989 l48401 ls1150 wtro3159 wtr9936 tro3160 tr9937">a </span><span class="pp-class-382 pa t29989 l48402 ls8569 wtro3159 wtr9936 tro3160 tr9937">result </span><span class="pp-class-382 pa t29989 l48403 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t29989 l48404 ls3036 wtro3159 wtr9936 tro3160 tr9937">changes </span><span class="pp-class-382 pa t29989 l48405 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t29989 l48406 ls1243 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30000 l3 ls4819 wtro3159 wtr9936 tro3160 tr9937">rates </span><span class="pp-class-382 pa t30000 l48407 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t30000 l48408 ls6498 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t30000 l48409 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t30000 l48410 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30000 l48411 ls14357 wtro3159 wtr9936 tro3160 tr9937">income </span><span class="pp-class-382 pa t30000 l48412 ls13847 wtro3159 wtr9936 tro3160 tr9937">statement. </span><span class="pp-class-382 pa t30000 l48413 ls6100 wtro3159 wtr9936 tro3160 tr9937">Uncertain </span><span class="pp-class-382 pa t30000 l48414 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30000 l48415 ls47104 wtro3159 wtr9936 tro3160 tr9937">positions </span><span class="pp-class-382 pa t30000 l8538 ls3006 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t30000 l48416 ls23129 wtro3159 wtr9936 tro3160 tr9937">measured, </span><span class="pp-class-382 pa t30000 l48417 ls47104 wtro3159 wtr9936 tro3160 tr9937">depending </span><span class="pp-class-382 pa t30000 l48418 ls2955 wtro3159 wtr9936 tro3160 tr9937">on </span><span class="pp-class-382 pa t30000 l48419 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30000 l48420 ls195 wtro3159 wtr9936 tro3160 tr9937">type, </span><span class="pp-class-382 pa t30011 l3 ls14357 wtro3159 wtr9936 tro3160 tr9937">either </span><span class="pp-class-382 pa t30011 l48421 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30011 l48422 ls1150 wtro3159 wtr9936 tro3160 tr9937">a </span><span class="pp-class-382 pa t30011 l48423 ls17717 wtro3159 wtr9936 tro3160 tr9937">probability-weighted </span><span class="pp-class-382 pa t30011 l48424 ls48425 wtro3159 wtr9936 tro3160 tr9937">average </span><span class="pp-class-382 pa t30011 l48426 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t30011 l48427 ls1952 wtro3159 wtr9936 tro3160 tr9937">possible </span><span class="pp-class-382 pa t30011 l48428 ls4765 wtro3159 wtr9936 tro3160 tr9937">outcomes </span><span class="pp-class-382 pa t30011 l48429 ls2955 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t30011 l48430 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30011 l48431 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30011 l48432 ls719 wtro3159 wtr9936 tro3160 tr9937">most </span><span class="pp-class-382 pa t30011 l48433 ls11935 wtro3159 wtr9936 tro3160 tr9937">likely </span><span class="pp-class-382 pa t30011 l48434 ls18761 wtro3159 wtr9936 tro3160 tr9937">outcome. </span><span class="pp-class-382 pa t30011 l48435 ls6100 wtro3159 wtr9936 tro3160 tr9937">Uncertain </span><span class="pp-class-382 pa t30011 l48436 ls1243 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l3 ls47104 wtro3159 wtr9936 tro3160 tr9937">positions </span><span class="pp-class-382 pa t30020 l29249 ls3006 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t30020 l48437 ls6498 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t30020 l48438 ls14357 wtro3159 wtr9936 tro3160 tr9937">either </span><span class="pp-class-382 pa t30020 l48439 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30020 l48440 ls17725 wtro3159 wtr9936 tro3160 tr9937">payable/receivable </span><span class="pp-class-382 pa t30020 l48441 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l48442 ls16064 wtro3159 wtr9936 tro3160 tr9937">and/or </span><span class="pp-class-382 pa t30020 l48443 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30020 l48444 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t30020 l48445 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l48446 ls1366 wtro3159 wtr9936 tro3160 tr9937">assets/liabilities.</span></p></div></div></div><div id="pp-id-5159"><div class="pp-class-364 pp-class-395" id="pp-id-5158"><div class="w37231 h48447 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-387 pa t48448 l3 ls7855">!</span><span class="pp-class-386 pa t48449 l48450"/><span class="pp-class-386 pa t48449 l48451 ls1118" xmlns="http://www.w3.org/1999/xhtml">Significant </span><span class="pp-class-386 pa t48449 l48452 ls803" xmlns="http://www.w3.org/1999/xhtml">accounting </span><span class="pp-class-386 pa t48449 l48453 ls1974" xmlns="http://www.w3.org/1999/xhtml">estimates</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t48454 l3 ls1955">Deferred </span><span class="pp-class-382 pa t48454 l48455 ls43">tax </span><span class="pp-class-382 pa t48454 l36255 ls241">assets, </span><span class="pp-class-382 pa t48454 l48456 ls171">including </span><span class="pp-class-382 pa t48454 l30293 ls704">the </span><span class="pp-class-382 pa t48454 l48457 ls43">tax </span><span class="pp-class-382 pa t48454 l48458 ls2835">value </span><span class="pp-class-382 pa t48454 l48459 ls166">of </span><span class="pp-class-382 pa t48454 l48460 ls43">tax </span><span class="pp-class-382 pa t48454 l48461 ls166">losses </span><span class="pp-class-382 pa t48454 l44509 ls150">carried </span><span class="pp-class-382 pa t48454 l48462 ls5558">forward, </span><span class="pp-class-382 pa t48454 l48463 ls1323">are </span><span class="pp-class-382 pa t48454 l18788 ls39">recognised </span><span class="pp-class-382 pa t48454 l48464 ls78">to </span><span class="pp-class-382 pa t48454 l48465 ls175">the </span><span class="pp-class-382 pa t48466 l3 ls5558">extent </span><span class="pp-class-382 pa t48466 l48467 ls302">that </span><span class="pp-class-382 pa t48466 l48468 ls78">Management </span><span class="pp-class-382 pa t48466 l48469 ls150">assesses </span><span class="pp-class-382 pa t48466 l48470 ls302">that </span><span class="pp-class-382 pa t48466 l48471 ls704">the </span><span class="pp-class-382 pa t48466 l10857 ls43">tax </span><span class="pp-class-382 pa t48466 l48472 ls854">asset </span><span class="pp-class-382 pa t48466 l18769 ls704">can </span><span class="pp-class-382 pa t48466 l48473 ls193">be </span><span class="pp-class-382 pa t48466 l48474 ls150">utilised </span><span class="pp-class-382 pa t48466 l48475 ls302">through </span><span class="pp-class-382 pa t48466 l48476 ls884">positive </span><span class="pp-class-382 pa t48466 l48477 ls658">taxable </span><span class="pp-class-382 pa t48478 l3 ls166">income </span><span class="pp-class-382 pa t48478 l39116 ls193">in </span><span class="pp-class-382 pa t48478 l48479 ls1264">the </span><span class="pp-class-382 pa t48478 l22258 ls281">foreseeable </span><span class="pp-class-382 pa t48478 l48480 ls274">future </span><span class="pp-class-382 pa t48478 l48481 ls166">which </span><span class="pp-class-382 pa t48478 l48482 ls155">usually </span><span class="pp-class-382 pa t48478 l48483 ls193">is </span><span class="pp-class-382 pa t48478 l48484 ls166">within </span><span class="pp-class-382 pa t48478 l48485 ls175">3-5 </span><span class="pp-class-382 pa t48478 l48486 ls110">years. </span><span class="pp-class-382 pa t48478 l48487 ls16">Estimates </span><span class="pp-class-382 pa t48478 l48488 ls1323">are </span><span class="pp-class-382 pa t48478 l48489 ls254">performed </span><span class="pp-class-382 pa t48490 l3 ls2835">annually </span><span class="pp-class-382 pa t48490 l48491 ls166">based </span><span class="pp-class-382 pa t48490 l7982 ls193">on </span><span class="pp-class-382 pa t48490 l4654 ls246">forecasts, </span><span class="pp-class-382 pa t48490 l48492 ls150">business </span><span class="pp-class-382 pa t48490 l48493 ls68">initiatives </span><span class="pp-class-382 pa t48490 l48494 ls704">and </span><span class="pp-class-382 pa t48490 l48495 ls1271">likely </span><span class="pp-class-382 pa t48490 l48496 ls198">structural </span><span class="pp-class-382 pa t48490 l48497 ls150">changes </span><span class="pp-class-382 pa t48490 l48498 ls180">for </span><span class="pp-class-382 pa t48490 l48499 ls704">the </span><span class="pp-class-382 pa t48490 l48500 ls166">coming </span><span class="pp-class-382 pa t48490 l48501 ls203">years.</span></p></div></div></div></div></div> <div id="pp-id-5135" xmlns="http://www.w3.org/1999/xhtml"><div class="w42856 h47605 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47606"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47607"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47608"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47609"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47610"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47611"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47612"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47613 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l3 ls144">Deferred </span><span class="pp-class-373 pa t47614 l47615 ls128">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l47617 ls1080">Other </span><span class="pp-class-373 pa t47614 l47618 ls648">intangible </span><span class="pp-class-373 pa t47614 l47619 ls1305">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l47620 ls830">Ferries </span><span class="pp-class-373 pa t47616 l47621 ls302">and </span><span class="pp-class-373 pa t47614 l47622 ls1305">other </span><span class="pp-class-373 pa t47614 l47623 ls1323">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l47624">Land </span><span class="pp-class-373 pa t30329 l47625">and </span><span class="pp-class-373 pa t30329 l47626 ls982">buildings, </span><span class="pp-class-373 pa t47616 l47627">terminals </span><span class="pp-class-373 pa t47616 l47628">and </span><span class="pp-class-373 pa t47616 l47629 ls907">other </span><span class="pp-class-373 pa t47614 l47630 ls287">equipment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l47631 ls134">Provisions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l47632 ls1759">Other </span><span class="pp-class-373 pa t47616 l47633 ls1237">accrued </span><span class="pp-class-373 pa t47614 l47634 ls1759">costs </span><span class="pp-class-373 pa t47614 l47635 ls858">and </span><span class="pp-class-373 pa t47614 l47636 ls1759">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l47637 ls20054">Tax </span><span class="pp-class-373 pa t30329 l47638 ls45">loss </span><span class="pp-class-373 pa t47616 l47639">carried </span><span class="pp-class-373 pa t47614 l47640 ls124">forward</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l47641 ls53">Set-off</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l47642 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l3 ls180">Deferred </span><span class="pp-class-372 pa t47643 l42688 ls45">tax </span><span class="pp-class-372 pa t47643 l29380 ls2835">at </span><span class="pp-class-372 pa t47643 l47644">1 </span><span class="pp-class-372 pa t47643 l47645 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47646">50</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47647 ls254">127</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47648 ls53">273</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47649 ls2835">-14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47650">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47651">-54</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47643 l47652">388</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l3 ls3216 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t47653 l47654 ls46774 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t47653 l47655 ls9967 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47656">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47657">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47658">8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47659">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47660">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47661">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47653 l47662">4</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l3 ls704">Addition </span><span class="pp-class-372 pa t47663 l47664">on </span><span class="pp-class-372 pa t47663 l47665 ls37">acquisition </span><span class="pp-class-372 pa t47663 l47666 ls287">of </span><span class="pp-class-372 pa t47663 l47667 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47668">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47669 ls274">37</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47670">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47671">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47672">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47673">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47663 l47674">42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l3">Recognised </span><span class="pp-class-372 pa t47675 l37896">in </span><span class="pp-class-372 pa t47675 l47676">the </span><span class="pp-class-372 pa t47675 l6899">income </span><span class="pp-class-372 pa t47675 l43826 ls278">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47677">-6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47678">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47679">-15</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47680 ls302">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47650">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47681">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47675 l47682">-7</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l3">Recognised </span><span class="pp-class-372 pa t47683 l37896">in </span><span class="pp-class-372 pa t47683 l47676 ls72">other </span><span class="pp-class-372 pa t47683 l1835 ls997">comprehensive </span><span class="pp-class-372 pa t47683 l47684">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47668">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47685">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47686">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47687">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47672">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47673">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47683 l47688">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l3 ls704">Adjustment </span><span class="pp-class-372 pa t47689 l17226 ls931">regarding </span><span class="pp-class-372 pa t47689 l47690">prior </span><span class="pp-class-372 pa t47689 l17400 ls78">years </span><span class="pp-class-372 pa t47689 l47691 ls171">recognised </span><span class="pp-class-372 pa t47689 l47692">in </span><span class="pp-class-372 pa t47689 l47693">the </span><span class="pp-class-372 pa t47689 l47694">income </span><span class="pp-class-372 pa t47689 l47695 ls278">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47668">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47696">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47697">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47671">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47672">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47698">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47689 l47699">11</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l3 ls144">Deferred </span><span class="pp-class-373 pa t47700 l47615 ls1264">tax </span><span class="pp-class-373 pa t47700 l47701 ls1323">at </span><span class="pp-class-373 pa t47700 l47702">31 </span><span class="pp-class-373 pa t47700 l47703">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47704">46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47705">158</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47706 ls1083">275</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47707">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47708 ls138">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47709">-46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47700 l47710">440</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l3 ls180">Deferred </span><span class="pp-class-372 pa t47711 l42688 ls45">tax </span><span class="pp-class-372 pa t47711 l29380 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47668">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47685">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47686">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47712">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47713">38</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47714">46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47711 l47715">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47711 l47716">82</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l3 ls180">Deferred </span><span class="pp-class-372 pa t47717 l42688 ls45">tax </span><span class="pp-class-372 pa t47717 l29380">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47718">46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47719">158</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47720 ls2531">275</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47671">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47721">48</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47673">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47717 l47715">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47717 l47722">522</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l3 ls144">Deferred </span><span class="pp-class-373 pa t47723 l47615 ls1264">tax </span><span class="pp-class-373 pa t47723 l47701 ls1323">at </span><span class="pp-class-373 pa t47723 l47702">31 </span><span class="pp-class-373 pa t47723 l47703 ls1073">December, </span><span class="pp-class-373 pa t47723 l47724 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47704">46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47705">158</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47706 ls1083">275</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47707">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47708 ls138">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47709">-46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47725">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47723 l47710">440</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5132" xmlns="http://www.w3.org/1999/xhtml"><div class="w47435 h47436 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2143">2.6 </span><span class="pp-class-370 pa t21055 l43638 ls45771">Tax </span><span class="pp-class-371 pa t21055 l47437"/><span class="pp-class-371 pa t21055 l47438 ls155">(continued)</span></p></div></div><div class="pp-class-10" id="pp-id-5154" xmlns="http://www.w3.org/1999/xhtml"><div class="w42856 h47727 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47728"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47729"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47730"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47731"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47732"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47733"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47734"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l47735">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l3 ls144">Deferred </span><span class="pp-class-373 pa t47614 l47615 ls128">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l47736 ls1080">Other </span><span class="pp-class-373 pa t47614 l47737 ls648">intangible </span><span class="pp-class-373 pa t47614 l47738 ls1305">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l47739 ls830">Ferries </span><span class="pp-class-373 pa t47616 l47740 ls302">and </span><span class="pp-class-373 pa t47614 l47741 ls1305">other </span><span class="pp-class-373 pa t47614 l47742 ls1323">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l47743">Land </span><span class="pp-class-373 pa t30329 l47744">and </span><span class="pp-class-373 pa t30329 l47745 ls982">buildings, </span><span class="pp-class-373 pa t47616 l47746">terminals </span><span class="pp-class-373 pa t47616 l47747">and </span><span class="pp-class-373 pa t47616 l47748 ls907">other </span><span class="pp-class-373 pa t47614 l47749 ls287">equipment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l47750 ls134">Provisions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l47751 ls1759">Other </span><span class="pp-class-373 pa t47616 l47752 ls1237">accrued </span><span class="pp-class-373 pa t47614 l47753 ls1759">costs </span><span class="pp-class-373 pa t47614 l47754 ls858">and </span><span class="pp-class-373 pa t47614 l47755 ls1759">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l47756 ls20054">Tax </span><span class="pp-class-373 pa t30329 l47757 ls45">loss </span><span class="pp-class-373 pa t47616 l47758">carried </span><span class="pp-class-373 pa t47614 l47759 ls124">forward</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l47760 ls53">Set-off</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l47761 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l3 ls180">Deferred </span><span class="pp-class-372 pa t47643 l42688 ls45">tax </span><span class="pp-class-372 pa t47643 l29380 ls2835">at </span><span class="pp-class-372 pa t47643 l47644">1 </span><span class="pp-class-372 pa t47643 l47645 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47763">134</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47764">223</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47765">-9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47766">-7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47643 l47767">-31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47643 l47768 ls913">310</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l3 ls3310 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t47653 l47769 ls2805 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t47653 l47770 ls7858 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47772">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47773">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47774">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47653 l47775">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47653 l47776">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l3 ls332">Impact </span><span class="pp-class-372 pa t47663 l47777 ls931">from </span><span class="pp-class-372 pa t47663 l47778">change </span><span class="pp-class-372 pa t47663 l47779">in </span><span class="pp-class-372 pa t47663 l47780 ls68">corporate </span><span class="pp-class-372 pa t47663 l47781">income </span><span class="pp-class-372 pa t47663 l47782 ls45">tax </span><span class="pp-class-372 pa t47663 l47783 ls1150">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47784">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47785">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47774">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47663 l47786">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47663 l47787">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l3 ls704">Addition </span><span class="pp-class-372 pa t47675 l47664">on </span><span class="pp-class-372 pa t47675 l47665 ls37">acquisition </span><span class="pp-class-372 pa t47675 l47666 ls287">of </span><span class="pp-class-372 pa t47675 l47667 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47788">54</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47789">45</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47790">-4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47766">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47675 l47791">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47675 l47792">89</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l3">Recognised </span><span class="pp-class-372 pa t47683 l37896">in </span><span class="pp-class-372 pa t47683 l47676">the </span><span class="pp-class-372 pa t47683 l6899">income </span><span class="pp-class-372 pa t47683 l43826 ls278">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47793">-4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47794">-7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47795">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47796">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47797">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47683 l47798 ls4819">-17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47683 l47799">-7</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l3">Recognised </span><span class="pp-class-372 pa t47689 l37896">in </span><span class="pp-class-372 pa t47689 l47676 ls72">other </span><span class="pp-class-372 pa t47689 l1835 ls997">comprehensive </span><span class="pp-class-372 pa t47689 l47684">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47800">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47801">-6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47774">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47689 l47775">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47689 l47802">-6</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l3 ls704">Adjustment </span><span class="pp-class-372 pa t47803 l17226 ls931">regarding </span><span class="pp-class-372 pa t47803 l47690">prior </span><span class="pp-class-372 pa t47803 l17400 ls78">years </span><span class="pp-class-372 pa t47803 l47691 ls171">recognised </span><span class="pp-class-372 pa t47803 l47692">in </span><span class="pp-class-372 pa t47803 l47693">the </span><span class="pp-class-372 pa t47803 l47694">income </span><span class="pp-class-372 pa t47803 l47695 ls278">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l47804">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l47773">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l47805">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47803 l47806">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47803 l47807">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l3 ls90">Utilisation </span><span class="pp-class-372 pa t47808 l47385 ls287">of </span><span class="pp-class-372 pa t47808 l47386 ls45">tax </span><span class="pp-class-372 pa t47808 l47809">losses </span><span class="pp-class-372 pa t47808 l47810 ls997">between </span><span class="pp-class-372 pa t47808 l47811 ls68">jointly </span><span class="pp-class-372 pa t47808 l47812 ls246">taxed </span><span class="pp-class-372 pa t47808 l40357">companies</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l47800">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l47773">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l47805">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47808 l47786">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47808 l47807">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l3 ls144">Deferred </span><span class="pp-class-373 pa t47813 l47615 ls1264">tax </span><span class="pp-class-373 pa t47813 l47701 ls1323">at </span><span class="pp-class-373 pa t47813 l47702">31 </span><span class="pp-class-373 pa t47813 l47703">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47814">50</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47815 ls193">127</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47816 ls1314">274</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47817 ls78">-14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47818">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47819">-54</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47820">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47813 l47821">389</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l3 ls180">Deferred </span><span class="pp-class-372 pa t47822 l42688 ls45">tax </span><span class="pp-class-372 pa t47822 l29380 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47762">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47771">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47823">9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47824 ls1077">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47825">38</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47826">54</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47827">-36</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47822 l47828 ls302">79</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l3 ls180">Deferred </span><span class="pp-class-372 pa t47829 l42688 ls45">tax </span><span class="pp-class-372 pa t47829 l29380">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47830">50</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47831 ls254">127</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47832">283</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47773">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47833">44</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47775">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47827">-36</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t47829 l47834">468</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l3 ls144">Deferred </span><span class="pp-class-373 pa t25502 l47615 ls1264">tax </span><span class="pp-class-373 pa t25502 l47701 ls1323">at </span><span class="pp-class-373 pa t25502 l47702">31 </span><span class="pp-class-373 pa t25502 l47703 ls1073">December, </span><span class="pp-class-373 pa t25502 l47724 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47814">50</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47815 ls193">127</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47816 ls1314">274</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47817 ls78">-14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47818">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47819">-54</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47820">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t25502 l47821">389</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5155" xmlns="http://www.w3.org/1999/xhtml"><div class="w47835 h47836 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3">The </span><span class="pp-class-382 pa t328 l16790 ls110">Group </span><span class="pp-class-382 pa t328 l47837">has </span><span class="pp-class-382 pa t328 l4264 ls128">unrecognised </span><span class="pp-class-382 pa t328 l47838 ls45">tax </span><span class="pp-class-382 pa t328 l47839">losses </span><span class="pp-class-382 pa t328 l47840">carried </span><span class="pp-class-382 pa t328 l47841 ls658">forward </span><span class="pp-class-382 pa t328 l47842 ls287">of </span><span class="pp-class-382 pa t328 l47843">DKK </span><span class="pp-class-382 pa t328 l47844 ls85">1,946m </span><span class="pp-class-382 pa t328 l42775">with </span><span class="pp-class-382 pa t328 l47845">a </span><span class="pp-class-382 pa t328 l47846 ls45">tax </span><span class="pp-class-382 pa t328 l47847 ls16">value </span><span class="pp-class-382 pa t328 l47848 ls287">of </span><span class="pp-class-382 pa t328 l47849">DKK </span><span class="pp-class-382 pa t328 l47850 ls12">482m </span><span class="pp-class-382 pa t328 l47851 ls12">(2023: </span><span class="pp-class-382 pa t328 l26024 ls45">tax </span><span class="pp-class-382 pa t328 l47852">losses </span><span class="pp-class-382 pa t328 l47853 ls287">of </span><span class="pp-class-382 pa t328 l47854">DKK </span><span class="pp-class-382 pa t3433 l3 ls180">1,429m, </span><span class="pp-class-382 pa t3433 l47855 ls45">tax </span><span class="pp-class-382 pa t3433 l18206 ls16">value </span><span class="pp-class-382 pa t3433 l47856 ls287">of </span><span class="pp-class-382 pa t3433 l47857">DKK </span><span class="pp-class-382 pa t3433 l47858">333m). </span><span class="pp-class-382 pa t3433 l47859">Of </span><span class="pp-class-382 pa t3433 l47860">the </span><span class="pp-class-382 pa t3433 l47861 ls128">unrecognised </span><span class="pp-class-382 pa t3433 l47862 ls45">tax </span><span class="pp-class-382 pa t3433 l47863">losses </span><span class="pp-class-382 pa t3433 l47864">carried </span><span class="pp-class-382 pa t3433 l45317 ls658">forward </span><span class="pp-class-382 pa t3433 l47865 ls287">of </span><span class="pp-class-382 pa t3433 l25482">DKK </span><span class="pp-class-382 pa t3433 l47866 ls85">1,946m </span><span class="pp-class-382 pa t3433 l47867 ls12">(2023: </span><span class="pp-class-382 pa t3433 l47868">DKK </span><span class="pp-class-382 pa t3433 l47869 ls884">1,429m), </span><span class="pp-class-382 pa t3433 l47870">DKK </span><span class="pp-class-382 pa t3439 l3 ls7470">1,714m </span><span class="pp-class-382 pa t3439 l47871 ls85">expires </span><span class="pp-class-382 pa t3439 l47872">within </span><span class="pp-class-382 pa t3439 l47873">the </span><span class="pp-class-382 pa t3439 l47874 ls931">next </span><span class="pp-class-382 pa t3439 l47875 xx369 ls1326">five </span><span class="pp-class-382 pa t3439 l47876 ls78">years </span><span class="pp-class-382 pa t3439 l47877">(2023: </span><span class="pp-class-382 pa t3439 l47878">DKK </span><span class="pp-class-382 pa t3439 l39074 ls138">1,332m) </span><span class="pp-class-382 pa t3439 l47879">and </span><span class="pp-class-382 pa t3439 l47880">DKK </span><span class="pp-class-382 pa t3439 l47881">232m </span><span class="pp-class-382 pa t3439 l47882 ls85">expires </span><span class="pp-class-382 pa t3439 l47883 ls112">after </span><span class="pp-class-382 pa t3439 l47884 ls931">more </span><span class="pp-class-382 pa t3439 l47885 ls12">than </span><span class="pp-class-382 pa t3439 l47886 xx369 ls1326">five </span><span class="pp-class-382 pa t3439 l47887 ls78">years </span><span class="pp-class-382 pa t3439 l47888 ls12">(2023: </span><span class="pp-class-382 pa t3439 l47889">DKK </span><span class="pp-class-382 pa t3439 l47890 ls78">97m). </span><span class="pp-class-382 pa t3445 l3">The </span><span class="pp-class-382 pa t3445 l16790 ls45">tax </span><span class="pp-class-382 pa t3445 l21060">losses </span><span class="pp-class-382 pa t3445 l47891 ls287">of </span><span class="pp-class-382 pa t3445 l47892">DKK </span><span class="pp-class-382 pa t3445 l47893 ls85">1,946m </span><span class="pp-class-382 pa t3445 l47894">(2023: </span><span class="pp-class-382 pa t3445 l44774">DKK </span><span class="pp-class-382 pa t3445 l47895 ls180">1,429m) </span><span class="pp-class-382 pa t3445 l47896 ls99">have </span><span class="pp-class-382 pa t3445 l47897 ls150">not </span><span class="pp-class-382 pa t3445 l47898">been </span><span class="pp-class-382 pa t3445 l47899 ls171">recognised </span><span class="pp-class-382 pa t3445 l47900">as </span><span class="pp-class-382 pa t3445 l47901">it </span><span class="pp-class-382 pa t3445 l47902">has </span><span class="pp-class-382 pa t3445 l47903">been </span><span class="pp-class-382 pa t3445 l47904 ls12">assessed </span><span class="pp-class-382 pa t3445 l47905 ls81">that </span><span class="pp-class-382 pa t3445 l47906 ls12">the </span><span class="pp-class-382 pa t3445 l47907">losses </span><span class="pp-class-382 pa t3445 l47908 ls175">cannot </span><span class="pp-class-382 pa t3445 l47909">be </span><span class="pp-class-382 pa t4202 l3">utilised </span><span class="pp-class-382 pa t4202 l47910">in </span><span class="pp-class-382 pa t4202 l47911">the </span><span class="pp-class-382 pa t4202 l47912 ls947">foreseeable </span><span class="pp-class-382 pa t4202 l11880 ls897">future. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t47913 l3 ls1005">The </span><span class="pp-class-382 pa t47913 l47914 ls3566">Group </span><span class="pp-class-382 pa t47913 l4611 ls128">is </span><span class="pp-class-382 pa t47913 l47915 ls76">liable </span><span class="pp-class-382 pa t47913 l47916 ls134">to </span><span class="pp-class-382 pa t47913 l47917 ls704">a </span><span class="pp-class-382 pa t47913 l43732 ls278">contingent </span><span class="pp-class-382 pa t47913 l47918 ls138">tax </span><span class="pp-class-382 pa t47913 l47919 ls230">that </span><span class="pp-class-382 pa t47913 l47920 ls858">may </span><span class="pp-class-382 pa t47913 l47921 ls332">arise </span><span class="pp-class-382 pa t47913 l47922 ls1257">at </span><span class="pp-class-382 pa t47913 l47923 ls1005">the </span><span class="pp-class-382 pa t47913 l47924 ls276">withdrawal </span><span class="pp-class-382 pa t47913 l47925 ls56">from </span><span class="pp-class-382 pa t47913 l47926 ls124">tonnage </span><span class="pp-class-382 pa t47913 l47927 ls1323">taxation </span><span class="pp-class-382 pa t47913 l47928 ls254">schemes. </span><span class="pp-class-382 pa t47913 l47929 ls1005">The </span><span class="pp-class-382 pa t47913 l47930 ls3566">Group </span><span class="pp-class-382 pa t47913 l47931 ls319">controls </span><span class="pp-class-382 pa t47913 l47932 ls704">the </span><span class="pp-class-382 pa t47933 l3 ls276">withdrawal </span><span class="pp-class-382 pa t47933 l47934 ls1005">and </span><span class="pp-class-382 pa t47933 l47935 ls1005">has </span><span class="pp-class-382 pa t47933 l47936 ls128">no </span><span class="pp-class-382 pa t47933 l29801 ls332">plans </span><span class="pp-class-382 pa t47933 l47937 ls134">to </span><span class="pp-class-382 pa t47933 l47938 ls1126">withdraw </span><span class="pp-class-382 pa t47933 l47939 ls56">from </span><span class="pp-class-382 pa t47933 l47940 ls1005">the </span><span class="pp-class-382 pa t47933 l47941 ls241">schemes </span><span class="pp-class-382 pa t47933 l41623 ls1005">and </span><span class="pp-class-382 pa t47933 l47942 ls2835">consequently </span><span class="pp-class-382 pa t47933 l47943 ls128">no </span><span class="pp-class-382 pa t47933 l47944 ls3566">deferred </span><span class="pp-class-382 pa t47933 l47945 ls138">tax </span><span class="pp-class-382 pa t47933 l47946 ls1005">has </span><span class="pp-class-382 pa t47933 l47947 ls171">been </span><span class="pp-class-382 pa t47933 l47948 ls882">recognised.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t47949 l3 ls858">The </span><span class="pp-class-382 pa t47949 l16631 ls2784">Group </span><span class="pp-class-382 pa t47949 l4002 ls1080">is </span><span class="pp-class-382 pa t47949 l47950 ls2486">within </span><span class="pp-class-382 pa t47949 l47951 ls1099">the </span><span class="pp-class-382 pa t47949 l47952 ls1759">scope </span><span class="pp-class-382 pa t47949 l42614 ls103">of </span><span class="pp-class-382 pa t47949 l47953 ls858">the </span><span class="pp-class-382 pa t47949 l47954 ls1323">OECD </span><span class="pp-class-382 pa t47949 l47955 ls2486">Pillar </span><span class="pp-class-382 pa t47949 l47956 ls1080">II </span><span class="pp-class-382 pa t47949 l47957 ls1759">model </span><span class="pp-class-382 pa t47949 l47958 ls1759">rules </span><span class="pp-class-382 pa t47949 l47959 ls2145">regarding </span><span class="pp-class-382 pa t47949 l31851 ls1237">minimum </span><span class="pp-class-382 pa t47949 l47960 ls2145">taxation </span><span class="pp-class-382 pa t47949 l47961 ls103">of </span><span class="pp-class-382 pa t47949 l47962 ls1323">15%. </span><span class="pp-class-382 pa t47949 l47963 ls858">The </span><span class="pp-class-382 pa t47949 l47964 ls1759">rules </span><span class="pp-class-382 pa t47949 l47965 ls2848">were </span><span class="pp-class-382 pa t47949 l47966 ls1073">implemented </span><span class="pp-class-382 pa t47967 l3 ls2970">throughout </span><span class="pp-class-382 pa t47967 l29572 ls1080">EU </span><span class="pp-class-382 pa t47967 l47968 ls1080">in </span><span class="pp-class-382 pa t47967 l47969 ls1323">2023 </span><span class="pp-class-382 pa t47967 l13954 ls1323">with </span><span class="pp-class-382 pa t47967 l47970 ls2142">effect </span><span class="pp-class-382 pa t47967 l47971 ls1243">from </span><span class="pp-class-382 pa t47967 l47972 ls302">1 </span><span class="pp-class-382 pa t47967 l47973 ls3572">January </span><span class="pp-class-382 pa t47967 l47974 ls2854">2024. </span><span class="pp-class-382 pa t47967 l47975 ls1099">The </span><span class="pp-class-382 pa t47967 l47976 ls2784">Group </span><span class="pp-class-382 pa t47967 l47977 ls858">has </span><span class="pp-class-382 pa t47967 l47978 ls1237">applied </span><span class="pp-class-382 pa t47967 l47979 ls858">the </span><span class="pp-class-382 pa t47967 l47980 ls3630">exception </span><span class="pp-class-382 pa t47967 l47981 ls1759">to </span><span class="pp-class-382 pa t47967 l47982 ls2142">recognising </span><span class="pp-class-382 pa t47967 l47983 ls858">and </span><span class="pp-class-382 pa t47967 l47984 ls869">disclosing </span><span class="pp-class-382 pa t47985 l3 ls1148">information </span><span class="pp-class-382 pa t47985 l47986 ls1759">about </span><span class="pp-class-382 pa t47985 l47987 ls828">deferred </span><span class="pp-class-382 pa t47985 l47988 ls1237">tax </span><span class="pp-class-382 pa t47985 l6585 ls238">assets </span><span class="pp-class-382 pa t47985 l45808 ls858">and </span><span class="pp-class-382 pa t47985 l47989 ls1118">liabilities </span><span class="pp-class-382 pa t47985 l47990 ls3458">related </span><span class="pp-class-382 pa t47985 l47991 ls1759">to </span><span class="pp-class-382 pa t47985 l47992 ls2486">Pillar </span><span class="pp-class-382 pa t47985 l47993 ls1080">II </span><span class="pp-class-382 pa t47985 l47994 ls2486">income </span><span class="pp-class-382 pa t47985 l47995 ls4305">taxes, </span><span class="pp-class-382 pa t47985 l47996 ls1080">as </span><span class="pp-class-382 pa t47985 l47997 ls3377">provided </span><span class="pp-class-382 pa t47985 l47998 ls1080">in </span><span class="pp-class-382 pa t47985 l47999 ls858">the </span><span class="pp-class-382 pa t47985 l48000 ls806">amendments </span><span class="pp-class-382 pa t47985 l48001 ls1759">to </span><span class="pp-class-382 pa t47985 l48002 ls4275">IAS </span><span class="pp-class-382 pa t47985 l48003 ls1080">12 </span><span class="pp-class-382 pa t47985 l48004 ls278">in </span><span class="pp-class-382 pa t48005 l3 ls2944">May </span><span class="pp-class-382 pa t48005 l48006 ls7094">2023. </span><span class="pp-class-382 pa t48005 l48007 ls1759">Under </span><span class="pp-class-382 pa t48005 l48008 ls858">the </span><span class="pp-class-382 pa t48005 l48009 ls2113">legislation, </span><span class="pp-class-382 pa t48005 l48010 ls858">the </span><span class="pp-class-382 pa t48005 l48011 ls2784">Group </span><span class="pp-class-382 pa t48005 l48012 ls1080">is </span><span class="pp-class-382 pa t48005 l48013 ls2486">liable </span><span class="pp-class-382 pa t48005 l48014 ls1759">to </span><span class="pp-class-382 pa t48005 l48015 ls2944">pay </span><span class="pp-class-382 pa t48005 l48016 ls302">a </span><span class="pp-class-382 pa t48005 l48017 ls2482">top-up </span><span class="pp-class-382 pa t48005 l48018 ls1237">tax </span><span class="pp-class-382 pa t48005 l48019 ls3278">for </span><span class="pp-class-382 pa t48005 l48020 ls858">the </span><span class="pp-class-382 pa t48005 l48021 ls1974">difference </span><span class="pp-class-382 pa t48005 l48022 ls1244">between </span><span class="pp-class-382 pa t48005 l48023 ls858">the </span><span class="pp-class-382 pa t48005 l48024 ls2784">effective </span><span class="pp-class-382 pa t48005 l48025 ls1237">tax </span><span class="pp-class-382 pa t48005 l48026 ls3216">rate </span><span class="pp-class-382 pa t48005 l48027 ls302">per </span><span class="pp-class-382 pa t48028 l3 ls4275">jurisdiction </span><span class="pp-class-382 pa t48028 l45917 ls803">calculated </span><span class="pp-class-382 pa t48028 l48029 ls1080">as </span><span class="pp-class-382 pa t48028 l48030 ls858">per </span><span class="pp-class-382 pa t48028 l48031 ls2486">Pillar </span><span class="pp-class-382 pa t48028 l46549 ls1080">II </span><span class="pp-class-382 pa t48028 l48032 ls688">legislation </span><span class="pp-class-382 pa t48028 l48033 ls858">and </span><span class="pp-class-382 pa t48028 l48034 ls858">the </span><span class="pp-class-382 pa t48028 l48035 ls1099">15% </span><span class="pp-class-382 pa t48028 l48036 ls1237">minimum </span><span class="pp-class-382 pa t48028 l48037 ls2588">rate. </span><span class="pp-class-382 pa t48028 l48038 ls1759">Since </span><span class="pp-class-382 pa t48028 l48039 ls2486">income </span><span class="pp-class-382 pa t48028 l48040 ls1243">from </span><span class="pp-class-382 pa t48028 l48041 ls2694">shipping </span><span class="pp-class-382 pa t48028 l48042 ls1080">is </span><span class="pp-class-382 pa t48028 l48043 ls2459">excluded </span><span class="pp-class-382 pa t48028 l48044 ls1243">from </span><span class="pp-class-382 pa t48028 l48045 ls302">the </span><span class="pp-class-382 pa t48046 l3 ls1237">minimum </span><span class="pp-class-382 pa t48046 l48047 ls2145">taxation </span><span class="pp-class-382 pa t48046 l48048 ls2486">rules, </span><span class="pp-class-382 pa t48046 l31046 ls858">the </span><span class="pp-class-382 pa t48046 l36795 ls1759">rules </span><span class="pp-class-382 pa t48046 l48049 ls1080">do </span><span class="pp-class-382 pa t48046 l48050 ls830">not </span><span class="pp-class-382 pa t48046 l48051 ls185">have </span><span class="pp-class-382 pa t48046 l48052 ls3278">any </span><span class="pp-class-382 pa t48046 l48053 ls2142">material </span><span class="pp-class-382 pa t48046 l48054 ls728">impact </span><span class="pp-class-382 pa t48046 l48055 ls3278">for </span><span class="pp-class-382 pa t48046 l48056 ls858">the </span><span class="pp-class-382 pa t48046 l48057 ls2149">Group. </span><span class="pp-class-382 pa t48046 l48058 ls1759">Based </span><span class="pp-class-382 pa t48046 l48059 ls1080">on </span><span class="pp-class-382 pa t48046 l48060 ls53">preliminary </span><span class="pp-class-382 pa t48046 l48061 ls2842">calculations, </span><span class="pp-class-382 pa t48046 l48062 ls1080">in </span><span class="pp-class-382 pa t48046 l48063 ls1150">2024 </span><span class="pp-class-382 pa t48046 l48064 ls278">an </span><span class="pp-class-382 pa t48065 l3 ls296">insignificant </span><span class="pp-class-382 pa t48065 l48066 ls1073">amount </span><span class="pp-class-382 pa t48065 l31961 ls103">of </span><span class="pp-class-382 pa t48065 l48067 ls1323">less </span><span class="pp-class-382 pa t48065 l48068 ls1323">than </span><span class="pp-class-382 pa t48065 l48069 ls858">DKK </span><span class="pp-class-382 pa t48065 l48070 ls1080">5m </span><span class="pp-class-382 pa t48065 l48071 ls858">has </span><span class="pp-class-382 pa t48065 l48072 ls1323">been </span><span class="pp-class-382 pa t48065 l48073 ls3377">provided </span><span class="pp-class-382 pa t48065 l48074 ls3278">for </span><span class="pp-class-382 pa t48065 l48075 ls1080">in </span><span class="pp-class-382 pa t48065 l48076 ls2482">top-up </span><span class="pp-class-382 pa t48065 l48077 ls2688">taxes </span><span class="pp-class-382 pa t48065 l48078 ls3458">related </span><span class="pp-class-382 pa t48065 l48079 ls1759">to </span><span class="pp-class-382 pa t48065 l48080 ls2784">Group </span><span class="pp-class-382 pa t48065 l48081 ls1319">entities. </span><span class="pp-class-382 pa t48065 l48082 ls858">Due </span><span class="pp-class-382 pa t48065 l8507 ls1759">to </span><span class="pp-class-382 pa t48065 l48083 ls1099">the </span><span class="pp-class-382 pa t48065 l48084 ls296">preliminary </span><span class="pp-class-382 pa t48085 l3 ls3435">nature </span><span class="pp-class-382 pa t48085 l43971 ls103">of </span><span class="pp-class-382 pa t48085 l48086 ls1099">the </span><span class="pp-class-382 pa t48085 l48087 ls2113">calculations </span><span class="pp-class-382 pa t48085 l48088 ls1868">differences </span><span class="pp-class-382 pa t48085 l48089 ls2944">may </span><span class="pp-class-382 pa t48085 l48090 ls1759">occur </span><span class="pp-class-382 pa t48085 l48091 ls1323">when </span><span class="pp-class-382 pa t48085 l48092 ls960">preparing </span><span class="pp-class-382 pa t48085 l48093 ls858">the </span><span class="pp-class-382 pa t48085 l48094 ls2486">Pillar </span><span class="pp-class-382 pa t48085 l48095 ls1080">II </span><span class="pp-class-382 pa t48085 l48096 ls1237">filing, </span><span class="pp-class-382 pa t48085 l48097 ls3184">however </span><span class="pp-class-382 pa t48085 l48098 ls3278">any </span><span class="pp-class-382 pa t48085 l48099 ls1323">such </span><span class="pp-class-382 pa t48085 l48100 ls1868">differences </span><span class="pp-class-382 pa t48085 l48101 ls800">are </span><span class="pp-class-382 pa t48085 l48102 ls830">not </span><span class="pp-class-382 pa t48085 l48103 ls1099">assumed </span><span class="pp-class-382 pa t48104 l3 ls1759">to </span><span class="pp-class-382 pa t48104 l29588 ls1080">be </span><span class="pp-class-382 pa t48104 l48105 ls2142">material.</span></p></div></div><div class="pp-class-10" id="pp-id-5133" xmlns="http://www.w3.org/1999/xhtml"><div class="w47435 h47436 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2143">2.6 </span><span class="pp-class-370 pa t21055 l43638 ls45771">Tax </span><span class="pp-class-371 pa t21055 l47437"/><span class="pp-class-371 pa t21055 l47438 ls155">(continued)</span></p></div></div><div class="pp-class-10" id="pp-id-5160" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx22795 tro6 xx22796"><div id="pp-id-5157"><div class="pp-class-363 pp-class-395" id="pp-id-5156"><div class="w37231 h48107 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls4372">Tax </span><span class="pp-class-382 pa t29793 l48108 ls3278">for </span><span class="pp-class-382 pa t29793 l48109 ls858">the </span><span class="pp-class-382 pa t29793 l48110 ls960">year </span><span class="pp-class-382 pa t29793 l48111 ls1073">comprises </span><span class="pp-class-382 pa t29793 l48112 ls2486">income </span><span class="pp-class-382 pa t29793 l2091 ls1073">tax, </span><span class="pp-class-382 pa t29793 l48113 ls688">tonnage </span><span class="pp-class-382 pa t29793 l48114 ls1073">tax, </span><span class="pp-class-382 pa t29793 l44358 ls858">and </span><span class="pp-class-382 pa t29793 l48115 ls1305">joint </span><span class="pp-class-382 pa t29793 l48116 ls2145">taxation </span><span class="pp-class-382 pa t29793 l48117 ls296">contribution </span><span class="pp-class-382 pa t29793 l48118 ls3278">for </span><span class="pp-class-382 pa t29793 l48119 ls1099">the </span><span class="pp-class-382 pa t29793 l48120 ls960">year </span><span class="pp-class-382 pa t29793 l48121 ls134">of </span><span class="pp-class-382 pa t29798 l3 ls2486">Danish </span><span class="pp-class-382 pa t29798 l48122 ls830">subsidiaries </span><span class="pp-class-382 pa t29798 l48123 ls1080">as </span><span class="pp-class-382 pa t29798 l48124 ls960">well </span><span class="pp-class-382 pa t29798 l48125 ls1080">as </span><span class="pp-class-382 pa t29798 l48126 ls1237">changes </span><span class="pp-class-382 pa t29798 l48127 ls1080">in </span><span class="pp-class-382 pa t29798 l48128 ls828">deferred </span><span class="pp-class-382 pa t29798 l48129 ls1237">tax </span><span class="pp-class-382 pa t29798 l48130 ls3278">for </span><span class="pp-class-382 pa t29798 l48131 ls858">the </span><span class="pp-class-382 pa t29798 l48132 ls648">year. </span><span class="pp-class-382 pa t29798 l48133 ls3216">Additionally, </span><span class="pp-class-382 pa t29798 l48134 ls858">the </span><span class="pp-class-382 pa t29798 l48135 ls1237">tax </span><span class="pp-class-382 pa t29798 l48136 ls3278">for </span><span class="pp-class-382 pa t29798 l48137 ls1099">the </span><span class="pp-class-382 pa t29798 l48138 ls3474">year </span><span class="pp-class-382 pa t36806 l3 ls1073">comprises </span><span class="pp-class-382 pa t36806 l34337 ls3278">adjustments </span><span class="pp-class-382 pa t36806 l33393 ls1759">to </span><span class="pp-class-382 pa t36806 l48139 ls1759">prior </span><span class="pp-class-382 pa t36806 l6118 ls2889">years' </span><span class="pp-class-382 pa t36806 l34490 ls2688">taxes </span><span class="pp-class-382 pa t36806 l48140 ls858">and </span><span class="pp-class-382 pa t36806 l48141 ls1237">changes </span><span class="pp-class-382 pa t36806 l48142 ls1080">in </span><span class="pp-class-382 pa t36806 l48143 ls858">the </span><span class="pp-class-382 pa t36806 l48144 ls806">assessment </span><span class="pp-class-382 pa t36806 l48145 ls103">of </span><span class="pp-class-382 pa t36806 l48146 ls828">provisions </span><span class="pp-class-382 pa t36806 l48147 ls99">for </span><span class="pp-class-382 pa t29811 l3 ls866">uncertain </span><span class="pp-class-382 pa t29811 l15075 ls1237">tax </span><span class="pp-class-382 pa t29811 l48148 ls819">positions. </span><span class="pp-class-382 pa t29811 l48149 ls858">The </span><span class="pp-class-382 pa t29811 l48150 ls1237">tax </span><span class="pp-class-382 pa t29811 l48151 ls3278">for </span><span class="pp-class-382 pa t29811 l43718 ls858">the </span><span class="pp-class-382 pa t29811 l48152 ls960">year </span><span class="pp-class-382 pa t29811 l48153 ls1080">is </span><span class="pp-class-382 pa t29811 l48154 ls2970">recognised </span><span class="pp-class-382 pa t29811 l48155 ls1080">in </span><span class="pp-class-382 pa t29811 l48156 ls858">the </span><span class="pp-class-382 pa t29811 l48157 ls2486">income </span><span class="pp-class-382 pa t29811 l48158 ls1150">statement </span><span class="pp-class-382 pa t29811 l48159 ls1080">or </span><span class="pp-class-382 pa t29811 l48160 ls1080">in </span><span class="pp-class-382 pa t29811 l48161 ls858">the </span><span class="pp-class-382 pa t29811 l48162 ls2486">equity </span><span class="pp-class-382 pa t29811 l48163 ls278">in </span><span class="pp-class-382 pa t29824 l3 ls2944">correlation </span><span class="pp-class-382 pa t29824 l48164 ls1759">to </span><span class="pp-class-382 pa t29824 l48165 ls858">the </span><span class="pp-class-382 pa t29824 l48166 ls1083">underlying </span><span class="pp-class-382 pa t29824 l36219 ls2944">transaction.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29849 l3 ls884">The </span><span class="pp-class-382 pa t29849 l48167 ls1323">current </span><span class="pp-class-382 pa t29849 l48168 ls830">payable </span><span class="pp-class-382 pa t29849 l48169 ls110">Danish </span><span class="pp-class-382 pa t29849 l48170 ls869">corporation </span><span class="pp-class-382 pa t29849 l20316 ls302">tax </span><span class="pp-class-382 pa t29849 l48171 ls278">is </span><span class="pp-class-382 pa t29849 l48172 ls1080">allocated </span><span class="pp-class-382 pa t29849 l18728 ls1319">by </span><span class="pp-class-382 pa t29849 l48173 ls884">the </span><span class="pp-class-382 pa t29849 l48174 ls1112">settlement </span><span class="pp-class-382 pa t29849 l48175 ls134">of </span><span class="pp-class-382 pa t29849 l48176 ls76">a </span><span class="pp-class-382 pa t29849 l48177 ls203">joint </span><span class="pp-class-382 pa t29849 l48178 ls830">taxation </span><span class="pp-class-382 pa t29853 l3 ls198">contribution </span><span class="pp-class-382 pa t29853 l48179 ls858">between </span><span class="pp-class-382 pa t29853 l27394 ls884">the </span><span class="pp-class-382 pa t29853 l48180 ls1118">jointly </span><span class="pp-class-382 pa t29853 l48181 ls1319">taxed </span><span class="pp-class-382 pa t29853 l48182 ls124">companies </span><span class="pp-class-382 pa t29853 l48183 ls278">in </span><span class="pp-class-382 pa t29853 l48184 ls2835">proportion </span><span class="pp-class-382 pa t29853 l48185 ls302">to </span><span class="pp-class-382 pa t29853 l48186 ls39">their </span><span class="pp-class-382 pa t29853 l48187 ls866">taxable </span><span class="pp-class-382 pa t29853 l48188 ls274">income. </span><span class="pp-class-382 pa t29853 l48189 ls16">Companies </span><span class="pp-class-382 pa t29866 l3 ls16">with </span><span class="pp-class-382 pa t29866 l48190 ls302">tax </span><span class="pp-class-382 pa t29866 l48191 ls110">losses </span><span class="pp-class-382 pa t29866 l48192 ls1701">receive </span><span class="pp-class-382 pa t29866 l48193 ls203">joint </span><span class="pp-class-382 pa t29866 l48194 ls4275">taxation </span><span class="pp-class-382 pa t29866 l48195 ls198">contributions </span><span class="pp-class-382 pa t29866 l48196 ls830">from </span><span class="pp-class-382 pa t29866 l48197 ls182">companies </span><span class="pp-class-382 pa t29866 l48198 ls1123">that </span><span class="pp-class-382 pa t29866 l48199 ls8853">have </span><span class="pp-class-382 pa t29866 l48200 ls16">been </span><span class="pp-class-382 pa t29866 l48201 ls16">able </span><span class="pp-class-382 pa t29866 l48202 ls302">to </span><span class="pp-class-382 pa t29866 l48203 ls897">utilise </span><span class="pp-class-382 pa t29866 l48204 ls76">the </span><span class="pp-class-382 pa t36841 l3 ls302">tax </span><span class="pp-class-382 pa t36841 l48205 ls110">losses </span><span class="pp-class-382 pa t36841 l48206 ls302">to </span><span class="pp-class-382 pa t36841 l48207 ls1323">reduce </span><span class="pp-class-382 pa t36841 l14057 ls39">their </span><span class="pp-class-382 pa t36841 l48208 ls866">own </span><span class="pp-class-382 pa t36841 l48209 ls866">taxable </span><span class="pp-class-382 pa t36841 l48210 ls3566">profit. </span><span class="pp-class-382 pa t36841 l48211 ls9956">Tax </span><span class="pp-class-382 pa t36841 l48212 ls302">computed </span><span class="pp-class-382 pa t36841 l48213 ls278">on </span><span class="pp-class-382 pa t36841 l48214 ls884">the </span><span class="pp-class-382 pa t36841 l48215 ls866">taxable </span><span class="pp-class-382 pa t36841 l48216 ls110">income </span><span class="pp-class-382 pa t36841 l48217 ls884">and </span><span class="pp-class-382 pa t36841 l48218 ls34">tonnage </span><span class="pp-class-382 pa t36841 l44338 ls884">tax </span><span class="pp-class-382 pa t29875 l3 ls85">for </span><span class="pp-class-382 pa t29875 l48219 ls884">the </span><span class="pp-class-382 pa t29875 l48220 ls56">year </span><span class="pp-class-382 pa t29875 l48221 ls278">is </span><span class="pp-class-382 pa t29875 l22258 ls1112">recognised </span><span class="pp-class-382 pa t29875 l48208 ls278">in </span><span class="pp-class-382 pa t29875 l48222 ls884">the </span><span class="pp-class-382 pa t29875 l48223 ls897">balance </span><span class="pp-class-382 pa t29875 l48224 ls2482">sheet </span><span class="pp-class-382 pa t29875 l44025 ls278">as </span><span class="pp-class-382 pa t29875 l48225 ls830">payable </span><span class="pp-class-382 pa t29875 l48226 ls278">or </span><span class="pp-class-382 pa t29875 l48227 ls2486">receivable </span><span class="pp-class-382 pa t29875 l48228 ls1319">corporate </span><span class="pp-class-382 pa t29875 l48229 ls302">tax </span><span class="pp-class-382 pa t29875 l43440 ls39">considering </span><span class="pp-class-382 pa t29878 l3 ls3278">on-account/advance </span><span class="pp-class-382 pa t29878 l48230 ls1140">payments.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29902 l3 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29902 l30492 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29902 l48231 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29902 l28501 ls11558 wtro3159 wtr1724 tro3160 tr1725">provided </span><span class="pp-class-382 pa t29902 l48232 ls1243 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t29902 l48233 ls2854 wtro3159 wtr1724 tro3160 tr1725">using </span><span class="pp-class-382 pa t29902 l48234 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29902 l34622 ls6007 wtro3159 wtr1724 tro3160 tr1725">liability </span><span class="pp-class-382 pa t29902 l48235 ls4305 wtro3159 wtr1724 tro3160 tr1725">method </span><span class="pp-class-382 pa t29902 l48236 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29902 l48237 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29902 l48238 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t29902 l48239 ls715 wtro3159 wtr1724 tro3160 tr1725">between </span><span class="pp-class-382 pa t29902 l48240 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29902 l48241 ls238 wtro3159 wtr1724 tro3160 tr1725">carrying </span><span class="pp-class-382 pa t36874 l3 ls1974 wtro3159 wtr1724 tro3160 tr1725">amount </span><span class="pp-class-382 pa t36874 l48242 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t36874 l48243 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l4749 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t36874 l12658 ls3105 wtro3159 wtr1724 tro3160 tr1725">base </span><span class="pp-class-382 pa t36874 l48244 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t36874 l48245 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l48246 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t36874 l48247 ls2842 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t36874 l48248 ls2787 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t36874 l48249 ls650 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t36874 l48250 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l48251 ls4279 wtro3159 wtr1724 tro3160 tr1725">reporting </span><span class="pp-class-382 pa t36874 l48252 ls6791 wtro3159 wtr1724 tro3160 tr1725">date. </span><span class="pp-class-382 pa t36874 l48253 ls8064 wtro3159 wtr1724 tro3160 tr1725">However, </span><span class="pp-class-382 pa t36874 l48254 ls3230 wtro3159 wtr1724 tro3160 tr1725">deferred </span><span class="pp-class-382 pa t36874 l48255 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t36874 l48256 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t36874 l48257 ls1237 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t29917 l3 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29917 l48258 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29917 l48259 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29917 l48260 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t29917 l48261 ls1057 wtro3159 wtr1724 tro3160 tr1725">relating </span><span class="pp-class-382 pa t29917 l48262 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29917 l48263 ls715 wtro3159 wtr1724 tro3160 tr1725">non-tax-deductible </span><span class="pp-class-382 pa t29917 l48264 ls1974 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t29917 l48265 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29917 l48266 ls2955 wtro3159 wtr1724 tro3160 tr1725">arose </span><span class="pp-class-382 pa t29917 l48267 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29917 l48268 ls1974 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t29920 l3 ls2138 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t29920 l48269 ls1868 wtro3159 wtr1724 tro3160 tr1725">without </span><span class="pp-class-382 pa t29920 l48270 ls646 wtro3159 wtr1724 tro3160 tr1725">impacting </span><span class="pp-class-382 pa t29920 l48271 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29920 l48272 ls195 wtro3159 wtr1724 tro3160 tr1725">result </span><span class="pp-class-382 pa t29920 l48273 ls1319 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t29920 l48274 ls26 wtro3159 wtr1724 tro3160 tr1725">taxable </span><span class="pp-class-382 pa t29920 l26526 ls1463 wtro3159 wtr1724 tro3160 tr1725">income. </span><span class="pp-class-382 pa t29920 l48275 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29920 l48276 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29920 l48277 ls1057 wtro3159 wtr1724 tro3160 tr1725">relating </span><span class="pp-class-382 pa t29920 l48278 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29920 l48279 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t29920 l48280 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t29920 l48281 ls2787 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t29920 l48282 ls6360 wtro3159 wtr1724 tro3160 tr1725">subject </span><span class="pp-class-382 pa t29933 l3 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48283 ls7094 wtro3159 wtr1724 tro3160 tr1725">tonnage </span><span class="pp-class-382 pa t29933 l48284 ls3184 wtro3159 wtr1724 tro3160 tr1725">taxation </span><span class="pp-class-382 pa t29933 l48285 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29933 l48286 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29933 l48287 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48288 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29933 l16282 ls6791 wtro3159 wtr1724 tro3160 tr1725">extent </span><span class="pp-class-382 pa t29933 l48289 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29933 l48290 ls3230 wtro3159 wtr1724 tro3160 tr1725">deferred </span><span class="pp-class-382 pa t29933 l48291 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29933 l48292 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29933 l48293 ls3230 wtro3159 wtr1724 tro3160 tr1725">expected </span><span class="pp-class-382 pa t29933 l48294 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48295 ls2531 wtro3159 wtr1724 tro3160 tr1725">crystallise. </span><span class="pp-class-382 pa t29933 l48296 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29933 l48297 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t48298 l3 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t48298 l48299 ls3382 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t48298 l48300 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t48298 l48301 ls1243 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t48298 l48302 ls2842 wtro3159 wtr1724 tro3160 tr1725">all </span><span class="pp-class-382 pa t48298 l48303 ls1463 wtro3159 wtr1724 tro3160 tr1725">deductible </span><span class="pp-class-382 pa t48298 l48304 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t48298 l48305 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t48298 l48306 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t48298 l48307 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t48298 l18202 ls1271 wtro3159 wtr1724 tro3160 tr1725">carry </span><span class="pp-class-382 pa t48298 l48308 ls3216 wtro3159 wtr1724 tro3160 tr1725">forward </span><span class="pp-class-382 pa t48298 l48309 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t48298 l42005 ls1243 wtro3159 wtr1724 tro3160 tr1725">any </span><span class="pp-class-382 pa t48298 l48310 ls1150 wtro3159 wtr1724 tro3160 tr1725">unused </span><span class="pp-class-382 pa t48298 l48311 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29935 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">losses. </span><span class="pp-class-382 pa t29935 l48312 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29935 l48313 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29935 l48314 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t29935 l6122 ls3382 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t29935 l48315 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29935 l48316 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29935 l14770 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29935 l48317 ls6791 wtro3159 wtr1724 tro3160 tr1725">extent </span><span class="pp-class-382 pa t29935 l48318 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29935 l48319 ls1319 wtro3159 wtr1724 tro3160 tr1725">it </span><span class="pp-class-382 pa t29935 l48320 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29935 l48321 ls2459 wtro3159 wtr1724 tro3160 tr1725">probable </span><span class="pp-class-382 pa t29935 l48322 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29935 l48323 ls26 wtro3159 wtr1724 tro3160 tr1725">taxable </span><span class="pp-class-382 pa t29935 l48324 ls2851 wtro3159 wtr1724 tro3160 tr1725">profit </span><span class="pp-class-382 pa t29935 l48325 ls3105 wtro3159 wtr1724 tro3160 tr1725">will </span><span class="pp-class-382 pa t29935 l48326 ls203 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t29946 l3 ls2143 wtro3159 wtr1724 tro3160 tr1725">available </span><span class="pp-class-382 pa t29946 l48327 ls2688 wtro3159 wtr1724 tro3160 tr1725">against </span><span class="pp-class-382 pa t29946 l48328 ls2854 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t29946 l48329 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29946 l48330 ls1463 wtro3159 wtr1724 tro3160 tr1725">deductible </span><span class="pp-class-382 pa t29946 l48331 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29946 l48332 ls185 wtro3159 wtr1724 tro3160 tr1725">differences, </span><span class="pp-class-382 pa t29946 l48333 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t29946 l48334 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29946 l48335 ls1271 wtro3159 wtr1724 tro3160 tr1725">carry </span><span class="pp-class-382 pa t29946 l48336 ls3216 wtro3159 wtr1724 tro3160 tr1725">forward </span><span class="pp-class-382 pa t29946 l48337 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t29946 l48338 ls1150 wtro3159 wtr1724 tro3160 tr1725">unused </span><span class="pp-class-382 pa t29946 l48339 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29959 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">losses, </span><span class="pp-class-382 pa t29959 l48312 ls2113 wtro3159 wtr1724 tro3160 tr1725">can </span><span class="pp-class-382 pa t29959 l48340 ls1319 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t29959 l48341 ls1974 wtro3159 wtr1724 tro3160 tr1725">utilised </span><span class="pp-class-382 pa t29959 l41071 ls1319 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t29959 l48342 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29959 l48343 ls2134 wtro3159 wtr1724 tro3160 tr1725">foreseeable </span><span class="pp-class-382 pa t29959 l48344 ls1015 wtro3159 wtr1724 tro3160 tr1725">future. </span><span class="pp-class-382 pa t29959 l48345 ls2113 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t29959 l48346 ls803 wtro3159 wtr1724 tro3160 tr1725">carrying </span><span class="pp-class-382 pa t29959 l48347 ls1974 wtro3159 wtr1724 tro3160 tr1725">amount </span><span class="pp-class-382 pa t29959 l48348 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29959 l48349 ls1952 wtro3159 wtr1724 tro3160 tr1725">reviewed </span><span class="pp-class-382 pa t29959 l48350 ls650 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t29959 l48351 ls1243 wtro3159 wtr1724 tro3160 tr1725">each </span><span class="pp-class-382 pa t29959 l48352 ls4279 wtro3159 wtr1724 tro3160 tr1725">reporting </span><span class="pp-class-382 pa t29959 l48353 ls3123 wtro3159 wtr1724 tro3160 tr1725">date.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29964 l3 ls2960 wtro3159 wtr9936 tro3160 tr9937">Deferred </span><span class="pp-class-382 pa t29964 l48354 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29964 l48355 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t29964 l48356 ls23129 wtro3159 wtr9936 tro3160 tr9937">measured </span><span class="pp-class-382 pa t29964 l48357 ls2805 wtro3159 wtr9936 tro3160 tr9937">based </span><span class="pp-class-382 pa t29964 l48358 ls2955 wtro3159 wtr9936 tro3160 tr9937">on </span><span class="pp-class-382 pa t29964 l48359 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29964 l48360 ls2960 wtro3159 wtr9936 tro3160 tr9937">expected </span><span class="pp-class-382 pa t29964 l48361 ls3241 wtro3159 wtr9936 tro3160 tr9937">use </span><span class="pp-class-382 pa t29964 l48362 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29964 l48363 ls6498 wtro3159 wtr9936 tro3160 tr9937">settlement </span><span class="pp-class-382 pa t29964 l48364 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t29964 l48365 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29964 l48366 ls789 wtro3159 wtr9936 tro3160 tr9937">individual </span><span class="pp-class-382 pa t29964 l48367 ls1739 wtro3159 wtr9936 tro3160 tr9937">assets </span><span class="pp-class-382 pa t29964 l48368 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29964 l48369 ls2805 wtro3159 wtr9936 tro3160 tr9937">liabilities </span><span class="pp-class-382 pa t29978 l3 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29978 l48370 ls18578 wtro3159 wtr9936 tro3160 tr9937">according </span><span class="pp-class-382 pa t29978 l48371 ls10900 wtro3159 wtr9936 tro3160 tr9937">to </span><span class="pp-class-382 pa t29978 l48372 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l26440 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29978 l48373 ls2805 wtro3159 wtr9936 tro3160 tr9937">rules </span><span class="pp-class-382 pa t29978 l48374 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29978 l4006 ls18115 wtro3159 wtr9936 tro3160 tr9937">at </span><span class="pp-class-382 pa t29978 l48375 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l47574 ls4805 wtro3159 wtr9936 tro3160 tr9937">known </span><span class="pp-class-382 pa t29978 l48376 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29978 l48377 ls4819 wtro3159 wtr9936 tro3160 tr9937">rates </span><span class="pp-class-382 pa t29978 l48378 ls789 wtro3159 wtr9936 tro3160 tr9937">applicable </span><span class="pp-class-382 pa t29978 l48379 ls18115 wtro3159 wtr9936 tro3160 tr9937">at </span><span class="pp-class-382 pa t29978 l48380 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l48381 ls3036 wtro3159 wtr9936 tro3160 tr9937">balance </span><span class="pp-class-382 pa t29978 l48382 ls10809 wtro3159 wtr9936 tro3160 tr9937">sheet </span><span class="pp-class-382 pa t29978 l48383 ls37002 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t29978 l48384 ls719 wtro3159 wtr9936 tro3160 tr9937">when </span><span class="pp-class-382 pa t29978 l48385 ls1150 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29989 l3 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t29989 l48386 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29989 l48387 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t29989 l48388 ls2960 wtro3159 wtr9936 tro3160 tr9937">expected </span><span class="pp-class-382 pa t29989 l48389 ls10900 wtro3159 wtr9936 tro3160 tr9937">to </span><span class="pp-class-382 pa t29989 l48390 ls721 wtro3159 wtr9936 tro3160 tr9937">crystallise </span><span class="pp-class-382 pa t29989 l48391 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t29989 l48392 ls48393 wtro3159 wtr9936 tro3160 tr9937">current </span><span class="pp-class-382 pa t29989 l48394 ls3190 wtro3159 wtr9936 tro3160 tr9937">tax. </span><span class="pp-class-382 pa t29989 l48395 ls3241 wtro3159 wtr9936 tro3160 tr9937">The </span><span class="pp-class-382 pa t29989 l48396 ls14357 wtro3159 wtr9936 tro3160 tr9937">change </span><span class="pp-class-382 pa t29989 l48397 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t29989 l48398 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t29989 l48399 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29989 l48400 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t29989 l48401 ls1150 wtro3159 wtr9936 tro3160 tr9937">a </span><span class="pp-class-382 pa t29989 l48402 ls8569 wtro3159 wtr9936 tro3160 tr9937">result </span><span class="pp-class-382 pa t29989 l48403 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t29989 l48404 ls3036 wtro3159 wtr9936 tro3160 tr9937">changes </span><span class="pp-class-382 pa t29989 l48405 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t29989 l48406 ls1243 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30000 l3 ls4819 wtro3159 wtr9936 tro3160 tr9937">rates </span><span class="pp-class-382 pa t30000 l48407 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t30000 l48408 ls6498 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t30000 l48409 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t30000 l48410 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30000 l48411 ls14357 wtro3159 wtr9936 tro3160 tr9937">income </span><span class="pp-class-382 pa t30000 l48412 ls13847 wtro3159 wtr9936 tro3160 tr9937">statement. </span><span class="pp-class-382 pa t30000 l48413 ls6100 wtro3159 wtr9936 tro3160 tr9937">Uncertain </span><span class="pp-class-382 pa t30000 l48414 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30000 l48415 ls47104 wtro3159 wtr9936 tro3160 tr9937">positions </span><span class="pp-class-382 pa t30000 l8538 ls3006 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t30000 l48416 ls23129 wtro3159 wtr9936 tro3160 tr9937">measured, </span><span class="pp-class-382 pa t30000 l48417 ls47104 wtro3159 wtr9936 tro3160 tr9937">depending </span><span class="pp-class-382 pa t30000 l48418 ls2955 wtro3159 wtr9936 tro3160 tr9937">on </span><span class="pp-class-382 pa t30000 l48419 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30000 l48420 ls195 wtro3159 wtr9936 tro3160 tr9937">type, </span><span class="pp-class-382 pa t30011 l3 ls14357 wtro3159 wtr9936 tro3160 tr9937">either </span><span class="pp-class-382 pa t30011 l48421 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30011 l48422 ls1150 wtro3159 wtr9936 tro3160 tr9937">a </span><span class="pp-class-382 pa t30011 l48423 ls17717 wtro3159 wtr9936 tro3160 tr9937">probability-weighted </span><span class="pp-class-382 pa t30011 l48424 ls48425 wtro3159 wtr9936 tro3160 tr9937">average </span><span class="pp-class-382 pa t30011 l48426 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t30011 l48427 ls1952 wtro3159 wtr9936 tro3160 tr9937">possible </span><span class="pp-class-382 pa t30011 l48428 ls4765 wtro3159 wtr9936 tro3160 tr9937">outcomes </span><span class="pp-class-382 pa t30011 l48429 ls2955 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t30011 l48430 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30011 l48431 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30011 l48432 ls719 wtro3159 wtr9936 tro3160 tr9937">most </span><span class="pp-class-382 pa t30011 l48433 ls11935 wtro3159 wtr9936 tro3160 tr9937">likely </span><span class="pp-class-382 pa t30011 l48434 ls18761 wtro3159 wtr9936 tro3160 tr9937">outcome. </span><span class="pp-class-382 pa t30011 l48435 ls6100 wtro3159 wtr9936 tro3160 tr9937">Uncertain </span><span class="pp-class-382 pa t30011 l48436 ls1243 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l3 ls47104 wtro3159 wtr9936 tro3160 tr9937">positions </span><span class="pp-class-382 pa t30020 l29249 ls3006 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t30020 l48437 ls6498 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t30020 l48438 ls14357 wtro3159 wtr9936 tro3160 tr9937">either </span><span class="pp-class-382 pa t30020 l48439 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30020 l48440 ls17725 wtro3159 wtr9936 tro3160 tr9937">payable/receivable </span><span class="pp-class-382 pa t30020 l48441 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l48442 ls16064 wtro3159 wtr9936 tro3160 tr9937">and/or </span><span class="pp-class-382 pa t30020 l48443 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30020 l48444 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t30020 l48445 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l48446 ls1366 wtro3159 wtr9936 tro3160 tr9937">assets/liabilities.</span></p></div></div></div><div id="pp-id-5159"><div class="pp-class-364 pp-class-395" id="pp-id-5158"><div class="w37231 h48447 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-387 pa t48448 l3 ls7855">!</span><span class="pp-class-386 pa t48449 l48450"/><span class="pp-class-386 pa t48449 l48451 ls1118" xmlns="http://www.w3.org/1999/xhtml">Significant </span><span class="pp-class-386 pa t48449 l48452 ls803" xmlns="http://www.w3.org/1999/xhtml">accounting </span><span class="pp-class-386 pa t48449 l48453 ls1974" xmlns="http://www.w3.org/1999/xhtml">estimates</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t48454 l3 ls1955">Deferred </span><span class="pp-class-382 pa t48454 l48455 ls43">tax </span><span class="pp-class-382 pa t48454 l36255 ls241">assets, </span><span class="pp-class-382 pa t48454 l48456 ls171">including </span><span class="pp-class-382 pa t48454 l30293 ls704">the </span><span class="pp-class-382 pa t48454 l48457 ls43">tax </span><span class="pp-class-382 pa t48454 l48458 ls2835">value </span><span class="pp-class-382 pa t48454 l48459 ls166">of </span><span class="pp-class-382 pa t48454 l48460 ls43">tax </span><span class="pp-class-382 pa t48454 l48461 ls166">losses </span><span class="pp-class-382 pa t48454 l44509 ls150">carried </span><span class="pp-class-382 pa t48454 l48462 ls5558">forward, </span><span class="pp-class-382 pa t48454 l48463 ls1323">are </span><span class="pp-class-382 pa t48454 l18788 ls39">recognised </span><span class="pp-class-382 pa t48454 l48464 ls78">to </span><span class="pp-class-382 pa t48454 l48465 ls175">the </span><span class="pp-class-382 pa t48466 l3 ls5558">extent </span><span class="pp-class-382 pa t48466 l48467 ls302">that </span><span class="pp-class-382 pa t48466 l48468 ls78">Management </span><span class="pp-class-382 pa t48466 l48469 ls150">assesses </span><span class="pp-class-382 pa t48466 l48470 ls302">that </span><span class="pp-class-382 pa t48466 l48471 ls704">the </span><span class="pp-class-382 pa t48466 l10857 ls43">tax </span><span class="pp-class-382 pa t48466 l48472 ls854">asset </span><span class="pp-class-382 pa t48466 l18769 ls704">can </span><span class="pp-class-382 pa t48466 l48473 ls193">be </span><span class="pp-class-382 pa t48466 l48474 ls150">utilised </span><span class="pp-class-382 pa t48466 l48475 ls302">through </span><span class="pp-class-382 pa t48466 l48476 ls884">positive </span><span class="pp-class-382 pa t48466 l48477 ls658">taxable </span><span class="pp-class-382 pa t48478 l3 ls166">income </span><span class="pp-class-382 pa t48478 l39116 ls193">in </span><span class="pp-class-382 pa t48478 l48479 ls1264">the </span><span class="pp-class-382 pa t48478 l22258 ls281">foreseeable </span><span class="pp-class-382 pa t48478 l48480 ls274">future </span><span class="pp-class-382 pa t48478 l48481 ls166">which </span><span class="pp-class-382 pa t48478 l48482 ls155">usually </span><span class="pp-class-382 pa t48478 l48483 ls193">is </span><span class="pp-class-382 pa t48478 l48484 ls166">within </span><span class="pp-class-382 pa t48478 l48485 ls175">3-5 </span><span class="pp-class-382 pa t48478 l48486 ls110">years. </span><span class="pp-class-382 pa t48478 l48487 ls16">Estimates </span><span class="pp-class-382 pa t48478 l48488 ls1323">are </span><span class="pp-class-382 pa t48478 l48489 ls254">performed </span><span class="pp-class-382 pa t48490 l3 ls2835">annually </span><span class="pp-class-382 pa t48490 l48491 ls166">based </span><span class="pp-class-382 pa t48490 l7982 ls193">on </span><span class="pp-class-382 pa t48490 l4654 ls246">forecasts, </span><span class="pp-class-382 pa t48490 l48492 ls150">business </span><span class="pp-class-382 pa t48490 l48493 ls68">initiatives </span><span class="pp-class-382 pa t48490 l48494 ls704">and </span><span class="pp-class-382 pa t48490 l48495 ls1271">likely </span><span class="pp-class-382 pa t48490 l48496 ls198">structural </span><span class="pp-class-382 pa t48490 l48497 ls150">changes </span><span class="pp-class-382 pa t48490 l48498 ls180">for </span><span class="pp-class-382 pa t48490 l48499 ls704">the </span><span class="pp-class-382 pa t48490 l48500 ls166">coming </span><span class="pp-class-382 pa t48490 l48501 ls203">years.</span></p></div></div></div></div></div> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls4372">Tax </span><span class="pp-class-382 pa t29793 l48108 ls3278">for </span><span class="pp-class-382 pa t29793 l48109 ls858">the </span><span class="pp-class-382 pa t29793 l48110 ls960">year </span><span class="pp-class-382 pa t29793 l48111 ls1073">comprises </span><span class="pp-class-382 pa t29793 l48112 ls2486">income </span><span class="pp-class-382 pa t29793 l2091 ls1073">tax, </span><span class="pp-class-382 pa t29793 l48113 ls688">tonnage </span><span class="pp-class-382 pa t29793 l48114 ls1073">tax, </span><span class="pp-class-382 pa t29793 l44358 ls858">and </span><span class="pp-class-382 pa t29793 l48115 ls1305">joint </span><span class="pp-class-382 pa t29793 l48116 ls2145">taxation </span><span class="pp-class-382 pa t29793 l48117 ls296">contribution </span><span class="pp-class-382 pa t29793 l48118 ls3278">for </span><span class="pp-class-382 pa t29793 l48119 ls1099">the </span><span class="pp-class-382 pa t29793 l48120 ls960">year </span><span class="pp-class-382 pa t29793 l48121 ls134">of </span><span class="pp-class-382 pa t29798 l3 ls2486">Danish </span><span class="pp-class-382 pa t29798 l48122 ls830">subsidiaries </span><span class="pp-class-382 pa t29798 l48123 ls1080">as </span><span class="pp-class-382 pa t29798 l48124 ls960">well </span><span class="pp-class-382 pa t29798 l48125 ls1080">as </span><span class="pp-class-382 pa t29798 l48126 ls1237">changes </span><span class="pp-class-382 pa t29798 l48127 ls1080">in </span><span class="pp-class-382 pa t29798 l48128 ls828">deferred </span><span class="pp-class-382 pa t29798 l48129 ls1237">tax </span><span class="pp-class-382 pa t29798 l48130 ls3278">for </span><span class="pp-class-382 pa t29798 l48131 ls858">the </span><span class="pp-class-382 pa t29798 l48132 ls648">year. </span><span class="pp-class-382 pa t29798 l48133 ls3216">Additionally, </span><span class="pp-class-382 pa t29798 l48134 ls858">the </span><span class="pp-class-382 pa t29798 l48135 ls1237">tax </span><span class="pp-class-382 pa t29798 l48136 ls3278">for </span><span class="pp-class-382 pa t29798 l48137 ls1099">the </span><span class="pp-class-382 pa t29798 l48138 ls3474">year </span><span class="pp-class-382 pa t36806 l3 ls1073">comprises </span><span class="pp-class-382 pa t36806 l34337 ls3278">adjustments </span><span class="pp-class-382 pa t36806 l33393 ls1759">to </span><span class="pp-class-382 pa t36806 l48139 ls1759">prior </span><span class="pp-class-382 pa t36806 l6118 ls2889">years' </span><span class="pp-class-382 pa t36806 l34490 ls2688">taxes </span><span class="pp-class-382 pa t36806 l48140 ls858">and </span><span class="pp-class-382 pa t36806 l48141 ls1237">changes </span><span class="pp-class-382 pa t36806 l48142 ls1080">in </span><span class="pp-class-382 pa t36806 l48143 ls858">the </span><span class="pp-class-382 pa t36806 l48144 ls806">assessment </span><span class="pp-class-382 pa t36806 l48145 ls103">of </span><span class="pp-class-382 pa t36806 l48146 ls828">provisions </span><span class="pp-class-382 pa t36806 l48147 ls99">for </span><span class="pp-class-382 pa t29811 l3 ls866">uncertain </span><span class="pp-class-382 pa t29811 l15075 ls1237">tax </span><span class="pp-class-382 pa t29811 l48148 ls819">positions. </span><span class="pp-class-382 pa t29811 l48149 ls858">The </span><span class="pp-class-382 pa t29811 l48150 ls1237">tax </span><span class="pp-class-382 pa t29811 l48151 ls3278">for </span><span class="pp-class-382 pa t29811 l43718 ls858">the </span><span class="pp-class-382 pa t29811 l48152 ls960">year </span><span class="pp-class-382 pa t29811 l48153 ls1080">is </span><span class="pp-class-382 pa t29811 l48154 ls2970">recognised </span><span class="pp-class-382 pa t29811 l48155 ls1080">in </span><span class="pp-class-382 pa t29811 l48156 ls858">the </span><span class="pp-class-382 pa t29811 l48157 ls2486">income </span><span class="pp-class-382 pa t29811 l48158 ls1150">statement </span><span class="pp-class-382 pa t29811 l48159 ls1080">or </span><span class="pp-class-382 pa t29811 l48160 ls1080">in </span><span class="pp-class-382 pa t29811 l48161 ls858">the </span><span class="pp-class-382 pa t29811 l48162 ls2486">equity </span><span class="pp-class-382 pa t29811 l48163 ls278">in </span><span class="pp-class-382 pa t29824 l3 ls2944">correlation </span><span class="pp-class-382 pa t29824 l48164 ls1759">to </span><span class="pp-class-382 pa t29824 l48165 ls858">the </span><span class="pp-class-382 pa t29824 l48166 ls1083">underlying </span><span class="pp-class-382 pa t29824 l36219 ls2944">transaction.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29849 l3 ls884">The </span><span class="pp-class-382 pa t29849 l48167 ls1323">current </span><span class="pp-class-382 pa t29849 l48168 ls830">payable </span><span class="pp-class-382 pa t29849 l48169 ls110">Danish </span><span class="pp-class-382 pa t29849 l48170 ls869">corporation </span><span class="pp-class-382 pa t29849 l20316 ls302">tax </span><span class="pp-class-382 pa t29849 l48171 ls278">is </span><span class="pp-class-382 pa t29849 l48172 ls1080">allocated </span><span class="pp-class-382 pa t29849 l18728 ls1319">by </span><span class="pp-class-382 pa t29849 l48173 ls884">the </span><span class="pp-class-382 pa t29849 l48174 ls1112">settlement </span><span class="pp-class-382 pa t29849 l48175 ls134">of </span><span class="pp-class-382 pa t29849 l48176 ls76">a </span><span class="pp-class-382 pa t29849 l48177 ls203">joint </span><span class="pp-class-382 pa t29849 l48178 ls830">taxation </span><span class="pp-class-382 pa t29853 l3 ls198">contribution </span><span class="pp-class-382 pa t29853 l48179 ls858">between </span><span class="pp-class-382 pa t29853 l27394 ls884">the </span><span class="pp-class-382 pa t29853 l48180 ls1118">jointly </span><span class="pp-class-382 pa t29853 l48181 ls1319">taxed </span><span class="pp-class-382 pa t29853 l48182 ls124">companies </span><span class="pp-class-382 pa t29853 l48183 ls278">in </span><span class="pp-class-382 pa t29853 l48184 ls2835">proportion </span><span class="pp-class-382 pa t29853 l48185 ls302">to </span><span class="pp-class-382 pa t29853 l48186 ls39">their </span><span class="pp-class-382 pa t29853 l48187 ls866">taxable </span><span class="pp-class-382 pa t29853 l48188 ls274">income. </span><span class="pp-class-382 pa t29853 l48189 ls16">Companies </span><span class="pp-class-382 pa t29866 l3 ls16">with </span><span class="pp-class-382 pa t29866 l48190 ls302">tax </span><span class="pp-class-382 pa t29866 l48191 ls110">losses </span><span class="pp-class-382 pa t29866 l48192 ls1701">receive </span><span class="pp-class-382 pa t29866 l48193 ls203">joint </span><span class="pp-class-382 pa t29866 l48194 ls4275">taxation </span><span class="pp-class-382 pa t29866 l48195 ls198">contributions </span><span class="pp-class-382 pa t29866 l48196 ls830">from </span><span class="pp-class-382 pa t29866 l48197 ls182">companies </span><span class="pp-class-382 pa t29866 l48198 ls1123">that </span><span class="pp-class-382 pa t29866 l48199 ls8853">have </span><span class="pp-class-382 pa t29866 l48200 ls16">been </span><span class="pp-class-382 pa t29866 l48201 ls16">able </span><span class="pp-class-382 pa t29866 l48202 ls302">to </span><span class="pp-class-382 pa t29866 l48203 ls897">utilise </span><span class="pp-class-382 pa t29866 l48204 ls76">the </span><span class="pp-class-382 pa t36841 l3 ls302">tax </span><span class="pp-class-382 pa t36841 l48205 ls110">losses </span><span class="pp-class-382 pa t36841 l48206 ls302">to </span><span class="pp-class-382 pa t36841 l48207 ls1323">reduce </span><span class="pp-class-382 pa t36841 l14057 ls39">their </span><span class="pp-class-382 pa t36841 l48208 ls866">own </span><span class="pp-class-382 pa t36841 l48209 ls866">taxable </span><span class="pp-class-382 pa t36841 l48210 ls3566">profit. </span><span class="pp-class-382 pa t36841 l48211 ls9956">Tax </span><span class="pp-class-382 pa t36841 l48212 ls302">computed </span><span class="pp-class-382 pa t36841 l48213 ls278">on </span><span class="pp-class-382 pa t36841 l48214 ls884">the </span><span class="pp-class-382 pa t36841 l48215 ls866">taxable </span><span class="pp-class-382 pa t36841 l48216 ls110">income </span><span class="pp-class-382 pa t36841 l48217 ls884">and </span><span class="pp-class-382 pa t36841 l48218 ls34">tonnage </span><span class="pp-class-382 pa t36841 l44338 ls884">tax </span><span class="pp-class-382 pa t29875 l3 ls85">for </span><span class="pp-class-382 pa t29875 l48219 ls884">the </span><span class="pp-class-382 pa t29875 l48220 ls56">year </span><span class="pp-class-382 pa t29875 l48221 ls278">is </span><span class="pp-class-382 pa t29875 l22258 ls1112">recognised </span><span class="pp-class-382 pa t29875 l48208 ls278">in </span><span class="pp-class-382 pa t29875 l48222 ls884">the </span><span class="pp-class-382 pa t29875 l48223 ls897">balance </span><span class="pp-class-382 pa t29875 l48224 ls2482">sheet </span><span class="pp-class-382 pa t29875 l44025 ls278">as </span><span class="pp-class-382 pa t29875 l48225 ls830">payable </span><span class="pp-class-382 pa t29875 l48226 ls278">or </span><span class="pp-class-382 pa t29875 l48227 ls2486">receivable </span><span class="pp-class-382 pa t29875 l48228 ls1319">corporate </span><span class="pp-class-382 pa t29875 l48229 ls302">tax </span><span class="pp-class-382 pa t29875 l43440 ls39">considering </span><span class="pp-class-382 pa t29878 l3 ls3278">on-account/advance </span><span class="pp-class-382 pa t29878 l48230 ls1140">payments.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29902 l3 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29902 l30492 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29902 l48231 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29902 l28501 ls11558 wtro3159 wtr1724 tro3160 tr1725">provided </span><span class="pp-class-382 pa t29902 l48232 ls1243 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t29902 l48233 ls2854 wtro3159 wtr1724 tro3160 tr1725">using </span><span class="pp-class-382 pa t29902 l48234 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29902 l34622 ls6007 wtro3159 wtr1724 tro3160 tr1725">liability </span><span class="pp-class-382 pa t29902 l48235 ls4305 wtro3159 wtr1724 tro3160 tr1725">method </span><span class="pp-class-382 pa t29902 l48236 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29902 l48237 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29902 l48238 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t29902 l48239 ls715 wtro3159 wtr1724 tro3160 tr1725">between </span><span class="pp-class-382 pa t29902 l48240 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29902 l48241 ls238 wtro3159 wtr1724 tro3160 tr1725">carrying </span><span class="pp-class-382 pa t36874 l3 ls1974 wtro3159 wtr1724 tro3160 tr1725">amount </span><span class="pp-class-382 pa t36874 l48242 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t36874 l48243 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l4749 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t36874 l12658 ls3105 wtro3159 wtr1724 tro3160 tr1725">base </span><span class="pp-class-382 pa t36874 l48244 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t36874 l48245 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l48246 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t36874 l48247 ls2842 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t36874 l48248 ls2787 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t36874 l48249 ls650 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t36874 l48250 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l48251 ls4279 wtro3159 wtr1724 tro3160 tr1725">reporting </span><span class="pp-class-382 pa t36874 l48252 ls6791 wtro3159 wtr1724 tro3160 tr1725">date. </span><span class="pp-class-382 pa t36874 l48253 ls8064 wtro3159 wtr1724 tro3160 tr1725">However, </span><span class="pp-class-382 pa t36874 l48254 ls3230 wtro3159 wtr1724 tro3160 tr1725">deferred </span><span class="pp-class-382 pa t36874 l48255 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t36874 l48256 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t36874 l48257 ls1237 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t29917 l3 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29917 l48258 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29917 l48259 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29917 l48260 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t29917 l48261 ls1057 wtro3159 wtr1724 tro3160 tr1725">relating </span><span class="pp-class-382 pa t29917 l48262 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29917 l48263 ls715 wtro3159 wtr1724 tro3160 tr1725">non-tax-deductible </span><span class="pp-class-382 pa t29917 l48264 ls1974 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t29917 l48265 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29917 l48266 ls2955 wtro3159 wtr1724 tro3160 tr1725">arose </span><span class="pp-class-382 pa t29917 l48267 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29917 l48268 ls1974 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t29920 l3 ls2138 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t29920 l48269 ls1868 wtro3159 wtr1724 tro3160 tr1725">without </span><span class="pp-class-382 pa t29920 l48270 ls646 wtro3159 wtr1724 tro3160 tr1725">impacting </span><span class="pp-class-382 pa t29920 l48271 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29920 l48272 ls195 wtro3159 wtr1724 tro3160 tr1725">result </span><span class="pp-class-382 pa t29920 l48273 ls1319 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t29920 l48274 ls26 wtro3159 wtr1724 tro3160 tr1725">taxable </span><span class="pp-class-382 pa t29920 l26526 ls1463 wtro3159 wtr1724 tro3160 tr1725">income. </span><span class="pp-class-382 pa t29920 l48275 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29920 l48276 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29920 l48277 ls1057 wtro3159 wtr1724 tro3160 tr1725">relating </span><span class="pp-class-382 pa t29920 l48278 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29920 l48279 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t29920 l48280 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t29920 l48281 ls2787 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t29920 l48282 ls6360 wtro3159 wtr1724 tro3160 tr1725">subject </span><span class="pp-class-382 pa t29933 l3 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48283 ls7094 wtro3159 wtr1724 tro3160 tr1725">tonnage </span><span class="pp-class-382 pa t29933 l48284 ls3184 wtro3159 wtr1724 tro3160 tr1725">taxation </span><span class="pp-class-382 pa t29933 l48285 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29933 l48286 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29933 l48287 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48288 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29933 l16282 ls6791 wtro3159 wtr1724 tro3160 tr1725">extent </span><span class="pp-class-382 pa t29933 l48289 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29933 l48290 ls3230 wtro3159 wtr1724 tro3160 tr1725">deferred </span><span class="pp-class-382 pa t29933 l48291 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29933 l48292 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29933 l48293 ls3230 wtro3159 wtr1724 tro3160 tr1725">expected </span><span class="pp-class-382 pa t29933 l48294 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48295 ls2531 wtro3159 wtr1724 tro3160 tr1725">crystallise. </span><span class="pp-class-382 pa t29933 l48296 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29933 l48297 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t48298 l3 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t48298 l48299 ls3382 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t48298 l48300 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t48298 l48301 ls1243 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t48298 l48302 ls2842 wtro3159 wtr1724 tro3160 tr1725">all </span><span class="pp-class-382 pa t48298 l48303 ls1463 wtro3159 wtr1724 tro3160 tr1725">deductible </span><span class="pp-class-382 pa t48298 l48304 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t48298 l48305 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t48298 l48306 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t48298 l48307 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t48298 l18202 ls1271 wtro3159 wtr1724 tro3160 tr1725">carry </span><span class="pp-class-382 pa t48298 l48308 ls3216 wtro3159 wtr1724 tro3160 tr1725">forward </span><span class="pp-class-382 pa t48298 l48309 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t48298 l42005 ls1243 wtro3159 wtr1724 tro3160 tr1725">any </span><span class="pp-class-382 pa t48298 l48310 ls1150 wtro3159 wtr1724 tro3160 tr1725">unused </span><span class="pp-class-382 pa t48298 l48311 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29935 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">losses. </span><span class="pp-class-382 pa t29935 l48312 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29935 l48313 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29935 l48314 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t29935 l6122 ls3382 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t29935 l48315 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29935 l48316 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29935 l14770 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29935 l48317 ls6791 wtro3159 wtr1724 tro3160 tr1725">extent </span><span class="pp-class-382 pa t29935 l48318 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29935 l48319 ls1319 wtro3159 wtr1724 tro3160 tr1725">it </span><span class="pp-class-382 pa t29935 l48320 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29935 l48321 ls2459 wtro3159 wtr1724 tro3160 tr1725">probable </span><span class="pp-class-382 pa t29935 l48322 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29935 l48323 ls26 wtro3159 wtr1724 tro3160 tr1725">taxable </span><span class="pp-class-382 pa t29935 l48324 ls2851 wtro3159 wtr1724 tro3160 tr1725">profit </span><span class="pp-class-382 pa t29935 l48325 ls3105 wtro3159 wtr1724 tro3160 tr1725">will </span><span class="pp-class-382 pa t29935 l48326 ls203 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t29946 l3 ls2143 wtro3159 wtr1724 tro3160 tr1725">available </span><span class="pp-class-382 pa t29946 l48327 ls2688 wtro3159 wtr1724 tro3160 tr1725">against </span><span class="pp-class-382 pa t29946 l48328 ls2854 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t29946 l48329 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29946 l48330 ls1463 wtro3159 wtr1724 tro3160 tr1725">deductible </span><span class="pp-class-382 pa t29946 l48331 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29946 l48332 ls185 wtro3159 wtr1724 tro3160 tr1725">differences, </span><span class="pp-class-382 pa t29946 l48333 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t29946 l48334 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29946 l48335 ls1271 wtro3159 wtr1724 tro3160 tr1725">carry </span><span class="pp-class-382 pa t29946 l48336 ls3216 wtro3159 wtr1724 tro3160 tr1725">forward </span><span class="pp-class-382 pa t29946 l48337 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t29946 l48338 ls1150 wtro3159 wtr1724 tro3160 tr1725">unused </span><span class="pp-class-382 pa t29946 l48339 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29959 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">losses, </span><span class="pp-class-382 pa t29959 l48312 ls2113 wtro3159 wtr1724 tro3160 tr1725">can </span><span class="pp-class-382 pa t29959 l48340 ls1319 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t29959 l48341 ls1974 wtro3159 wtr1724 tro3160 tr1725">utilised </span><span class="pp-class-382 pa t29959 l41071 ls1319 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t29959 l48342 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29959 l48343 ls2134 wtro3159 wtr1724 tro3160 tr1725">foreseeable </span><span class="pp-class-382 pa t29959 l48344 ls1015 wtro3159 wtr1724 tro3160 tr1725">future. </span><span class="pp-class-382 pa t29959 l48345 ls2113 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t29959 l48346 ls803 wtro3159 wtr1724 tro3160 tr1725">carrying </span><span class="pp-class-382 pa t29959 l48347 ls1974 wtro3159 wtr1724 tro3160 tr1725">amount </span><span class="pp-class-382 pa t29959 l48348 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29959 l48349 ls1952 wtro3159 wtr1724 tro3160 tr1725">reviewed </span><span class="pp-class-382 pa t29959 l48350 ls650 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t29959 l48351 ls1243 wtro3159 wtr1724 tro3160 tr1725">each </span><span class="pp-class-382 pa t29959 l48352 ls4279 wtro3159 wtr1724 tro3160 tr1725">reporting </span><span class="pp-class-382 pa t29959 l48353 ls3123 wtro3159 wtr1724 tro3160 tr1725">date.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29964 l3 ls2960 wtro3159 wtr9936 tro3160 tr9937">Deferred </span><span class="pp-class-382 pa t29964 l48354 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29964 l48355 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t29964 l48356 ls23129 wtro3159 wtr9936 tro3160 tr9937">measured </span><span class="pp-class-382 pa t29964 l48357 ls2805 wtro3159 wtr9936 tro3160 tr9937">based </span><span class="pp-class-382 pa t29964 l48358 ls2955 wtro3159 wtr9936 tro3160 tr9937">on </span><span class="pp-class-382 pa t29964 l48359 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29964 l48360 ls2960 wtro3159 wtr9936 tro3160 tr9937">expected </span><span class="pp-class-382 pa t29964 l48361 ls3241 wtro3159 wtr9936 tro3160 tr9937">use </span><span class="pp-class-382 pa t29964 l48362 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29964 l48363 ls6498 wtro3159 wtr9936 tro3160 tr9937">settlement </span><span class="pp-class-382 pa t29964 l48364 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t29964 l48365 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29964 l48366 ls789 wtro3159 wtr9936 tro3160 tr9937">individual </span><span class="pp-class-382 pa t29964 l48367 ls1739 wtro3159 wtr9936 tro3160 tr9937">assets </span><span class="pp-class-382 pa t29964 l48368 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29964 l48369 ls2805 wtro3159 wtr9936 tro3160 tr9937">liabilities </span><span class="pp-class-382 pa t29978 l3 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29978 l48370 ls18578 wtro3159 wtr9936 tro3160 tr9937">according </span><span class="pp-class-382 pa t29978 l48371 ls10900 wtro3159 wtr9936 tro3160 tr9937">to </span><span class="pp-class-382 pa t29978 l48372 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l26440 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29978 l48373 ls2805 wtro3159 wtr9936 tro3160 tr9937">rules </span><span class="pp-class-382 pa t29978 l48374 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29978 l4006 ls18115 wtro3159 wtr9936 tro3160 tr9937">at </span><span class="pp-class-382 pa t29978 l48375 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l47574 ls4805 wtro3159 wtr9936 tro3160 tr9937">known </span><span class="pp-class-382 pa t29978 l48376 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29978 l48377 ls4819 wtro3159 wtr9936 tro3160 tr9937">rates </span><span class="pp-class-382 pa t29978 l48378 ls789 wtro3159 wtr9936 tro3160 tr9937">applicable </span><span class="pp-class-382 pa t29978 l48379 ls18115 wtro3159 wtr9936 tro3160 tr9937">at </span><span class="pp-class-382 pa t29978 l48380 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l48381 ls3036 wtro3159 wtr9936 tro3160 tr9937">balance </span><span class="pp-class-382 pa t29978 l48382 ls10809 wtro3159 wtr9936 tro3160 tr9937">sheet </span><span class="pp-class-382 pa t29978 l48383 ls37002 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t29978 l48384 ls719 wtro3159 wtr9936 tro3160 tr9937">when </span><span class="pp-class-382 pa t29978 l48385 ls1150 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29989 l3 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t29989 l48386 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29989 l48387 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t29989 l48388 ls2960 wtro3159 wtr9936 tro3160 tr9937">expected </span><span class="pp-class-382 pa t29989 l48389 ls10900 wtro3159 wtr9936 tro3160 tr9937">to </span><span class="pp-class-382 pa t29989 l48390 ls721 wtro3159 wtr9936 tro3160 tr9937">crystallise </span><span class="pp-class-382 pa t29989 l48391 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t29989 l48392 ls48393 wtro3159 wtr9936 tro3160 tr9937">current </span><span class="pp-class-382 pa t29989 l48394 ls3190 wtro3159 wtr9936 tro3160 tr9937">tax. </span><span class="pp-class-382 pa t29989 l48395 ls3241 wtro3159 wtr9936 tro3160 tr9937">The </span><span class="pp-class-382 pa t29989 l48396 ls14357 wtro3159 wtr9936 tro3160 tr9937">change </span><span class="pp-class-382 pa t29989 l48397 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t29989 l48398 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t29989 l48399 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29989 l48400 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t29989 l48401 ls1150 wtro3159 wtr9936 tro3160 tr9937">a </span><span class="pp-class-382 pa t29989 l48402 ls8569 wtro3159 wtr9936 tro3160 tr9937">result </span><span class="pp-class-382 pa t29989 l48403 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t29989 l48404 ls3036 wtro3159 wtr9936 tro3160 tr9937">changes </span><span class="pp-class-382 pa t29989 l48405 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t29989 l48406 ls1243 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30000 l3 ls4819 wtro3159 wtr9936 tro3160 tr9937">rates </span><span class="pp-class-382 pa t30000 l48407 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t30000 l48408 ls6498 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t30000 l48409 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t30000 l48410 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30000 l48411 ls14357 wtro3159 wtr9936 tro3160 tr9937">income </span><span class="pp-class-382 pa t30000 l48412 ls13847 wtro3159 wtr9936 tro3160 tr9937">statement. </span><span class="pp-class-382 pa t30000 l48413 ls6100 wtro3159 wtr9936 tro3160 tr9937">Uncertain </span><span class="pp-class-382 pa t30000 l48414 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30000 l48415 ls47104 wtro3159 wtr9936 tro3160 tr9937">positions </span><span class="pp-class-382 pa t30000 l8538 ls3006 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t30000 l48416 ls23129 wtro3159 wtr9936 tro3160 tr9937">measured, </span><span class="pp-class-382 pa t30000 l48417 ls47104 wtro3159 wtr9936 tro3160 tr9937">depending </span><span class="pp-class-382 pa t30000 l48418 ls2955 wtro3159 wtr9936 tro3160 tr9937">on </span><span class="pp-class-382 pa t30000 l48419 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30000 l48420 ls195 wtro3159 wtr9936 tro3160 tr9937">type, </span><span class="pp-class-382 pa t30011 l3 ls14357 wtro3159 wtr9936 tro3160 tr9937">either </span><span class="pp-class-382 pa t30011 l48421 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30011 l48422 ls1150 wtro3159 wtr9936 tro3160 tr9937">a </span><span class="pp-class-382 pa t30011 l48423 ls17717 wtro3159 wtr9936 tro3160 tr9937">probability-weighted </span><span class="pp-class-382 pa t30011 l48424 ls48425 wtro3159 wtr9936 tro3160 tr9937">average </span><span class="pp-class-382 pa t30011 l48426 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t30011 l48427 ls1952 wtro3159 wtr9936 tro3160 tr9937">possible </span><span class="pp-class-382 pa t30011 l48428 ls4765 wtro3159 wtr9936 tro3160 tr9937">outcomes </span><span class="pp-class-382 pa t30011 l48429 ls2955 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t30011 l48430 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30011 l48431 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30011 l48432 ls719 wtro3159 wtr9936 tro3160 tr9937">most </span><span class="pp-class-382 pa t30011 l48433 ls11935 wtro3159 wtr9936 tro3160 tr9937">likely </span><span class="pp-class-382 pa t30011 l48434 ls18761 wtro3159 wtr9936 tro3160 tr9937">outcome. </span><span class="pp-class-382 pa t30011 l48435 ls6100 wtro3159 wtr9936 tro3160 tr9937">Uncertain </span><span class="pp-class-382 pa t30011 l48436 ls1243 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l3 ls47104 wtro3159 wtr9936 tro3160 tr9937">positions </span><span class="pp-class-382 pa t30020 l29249 ls3006 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t30020 l48437 ls6498 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t30020 l48438 ls14357 wtro3159 wtr9936 tro3160 tr9937">either </span><span class="pp-class-382 pa t30020 l48439 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30020 l48440 ls17725 wtro3159 wtr9936 tro3160 tr9937">payable/receivable </span><span class="pp-class-382 pa t30020 l48441 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l48442 ls16064 wtro3159 wtr9936 tro3160 tr9937">and/or </span><span class="pp-class-382 pa t30020 l48443 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30020 l48444 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t30020 l48445 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l48446 ls1366 wtro3159 wtr9936 tro3160 tr9937">assets/liabilities.</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29902 l3 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29902 l30492 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29902 l48231 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29902 l28501 ls11558 wtro3159 wtr1724 tro3160 tr1725">provided </span><span class="pp-class-382 pa t29902 l48232 ls1243 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t29902 l48233 ls2854 wtro3159 wtr1724 tro3160 tr1725">using </span><span class="pp-class-382 pa t29902 l48234 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29902 l34622 ls6007 wtro3159 wtr1724 tro3160 tr1725">liability </span><span class="pp-class-382 pa t29902 l48235 ls4305 wtro3159 wtr1724 tro3160 tr1725">method </span><span class="pp-class-382 pa t29902 l48236 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29902 l48237 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29902 l48238 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t29902 l48239 ls715 wtro3159 wtr1724 tro3160 tr1725">between </span><span class="pp-class-382 pa t29902 l48240 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29902 l48241 ls238 wtro3159 wtr1724 tro3160 tr1725">carrying </span><span class="pp-class-382 pa t36874 l3 ls1974 wtro3159 wtr1724 tro3160 tr1725">amount </span><span class="pp-class-382 pa t36874 l48242 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t36874 l48243 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l4749 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t36874 l12658 ls3105 wtro3159 wtr1724 tro3160 tr1725">base </span><span class="pp-class-382 pa t36874 l48244 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t36874 l48245 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l48246 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t36874 l48247 ls2842 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t36874 l48248 ls2787 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t36874 l48249 ls650 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t36874 l48250 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t36874 l48251 ls4279 wtro3159 wtr1724 tro3160 tr1725">reporting </span><span class="pp-class-382 pa t36874 l48252 ls6791 wtro3159 wtr1724 tro3160 tr1725">date. </span><span class="pp-class-382 pa t36874 l48253 ls8064 wtro3159 wtr1724 tro3160 tr1725">However, </span><span class="pp-class-382 pa t36874 l48254 ls3230 wtro3159 wtr1724 tro3160 tr1725">deferred </span><span class="pp-class-382 pa t36874 l48255 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t36874 l48256 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t36874 l48257 ls1237 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t29917 l3 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29917 l48258 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29917 l48259 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29917 l48260 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t29917 l48261 ls1057 wtro3159 wtr1724 tro3160 tr1725">relating </span><span class="pp-class-382 pa t29917 l48262 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29917 l48263 ls715 wtro3159 wtr1724 tro3160 tr1725">non-tax-deductible </span><span class="pp-class-382 pa t29917 l48264 ls1974 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t29917 l48265 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29917 l48266 ls2955 wtro3159 wtr1724 tro3160 tr1725">arose </span><span class="pp-class-382 pa t29917 l48267 ls1319 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t29917 l48268 ls1974 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t29920 l3 ls2138 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t29920 l48269 ls1868 wtro3159 wtr1724 tro3160 tr1725">without </span><span class="pp-class-382 pa t29920 l48270 ls646 wtro3159 wtr1724 tro3160 tr1725">impacting </span><span class="pp-class-382 pa t29920 l48271 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29920 l48272 ls195 wtro3159 wtr1724 tro3160 tr1725">result </span><span class="pp-class-382 pa t29920 l48273 ls1319 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t29920 l48274 ls26 wtro3159 wtr1724 tro3160 tr1725">taxable </span><span class="pp-class-382 pa t29920 l26526 ls1463 wtro3159 wtr1724 tro3160 tr1725">income. </span><span class="pp-class-382 pa t29920 l48275 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29920 l48276 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29920 l48277 ls1057 wtro3159 wtr1724 tro3160 tr1725">relating </span><span class="pp-class-382 pa t29920 l48278 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29920 l48279 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t29920 l48280 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t29920 l48281 ls2787 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t29920 l48282 ls6360 wtro3159 wtr1724 tro3160 tr1725">subject </span><span class="pp-class-382 pa t29933 l3 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48283 ls7094 wtro3159 wtr1724 tro3160 tr1725">tonnage </span><span class="pp-class-382 pa t29933 l48284 ls3184 wtro3159 wtr1724 tro3160 tr1725">taxation </span><span class="pp-class-382 pa t29933 l48285 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29933 l48286 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29933 l48287 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48288 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29933 l16282 ls6791 wtro3159 wtr1724 tro3160 tr1725">extent </span><span class="pp-class-382 pa t29933 l48289 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29933 l48290 ls3230 wtro3159 wtr1724 tro3160 tr1725">deferred </span><span class="pp-class-382 pa t29933 l48291 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29933 l48292 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29933 l48293 ls3230 wtro3159 wtr1724 tro3160 tr1725">expected </span><span class="pp-class-382 pa t29933 l48294 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29933 l48295 ls2531 wtro3159 wtr1724 tro3160 tr1725">crystallise. </span><span class="pp-class-382 pa t29933 l48296 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29933 l48297 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t48298 l3 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t48298 l48299 ls3382 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t48298 l48300 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t48298 l48301 ls1243 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t48298 l48302 ls2842 wtro3159 wtr1724 tro3160 tr1725">all </span><span class="pp-class-382 pa t48298 l48303 ls1463 wtro3159 wtr1724 tro3160 tr1725">deductible </span><span class="pp-class-382 pa t48298 l48304 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t48298 l48305 ls2134 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t48298 l48306 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t48298 l48307 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t48298 l18202 ls1271 wtro3159 wtr1724 tro3160 tr1725">carry </span><span class="pp-class-382 pa t48298 l48308 ls3216 wtro3159 wtr1724 tro3160 tr1725">forward </span><span class="pp-class-382 pa t48298 l48309 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t48298 l42005 ls1243 wtro3159 wtr1724 tro3160 tr1725">any </span><span class="pp-class-382 pa t48298 l48310 ls1150 wtro3159 wtr1724 tro3160 tr1725">unused </span><span class="pp-class-382 pa t48298 l48311 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29935 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">losses. </span><span class="pp-class-382 pa t29935 l48312 ls3230 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t29935 l48313 ls8853 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29935 l48314 ls4305 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t29935 l6122 ls3382 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t29935 l48315 ls4396 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t29935 l48316 ls728 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t29935 l14770 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29935 l48317 ls6791 wtro3159 wtr1724 tro3160 tr1725">extent </span><span class="pp-class-382 pa t29935 l48318 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29935 l48319 ls1319 wtro3159 wtr1724 tro3160 tr1725">it </span><span class="pp-class-382 pa t29935 l48320 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29935 l48321 ls2459 wtro3159 wtr1724 tro3160 tr1725">probable </span><span class="pp-class-382 pa t29935 l48322 ls2401 wtro3159 wtr1724 tro3160 tr1725">that </span><span class="pp-class-382 pa t29935 l48323 ls26 wtro3159 wtr1724 tro3160 tr1725">taxable </span><span class="pp-class-382 pa t29935 l48324 ls2851 wtro3159 wtr1724 tro3160 tr1725">profit </span><span class="pp-class-382 pa t29935 l48325 ls3105 wtro3159 wtr1724 tro3160 tr1725">will </span><span class="pp-class-382 pa t29935 l48326 ls203 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t29946 l3 ls2143 wtro3159 wtr1724 tro3160 tr1725">available </span><span class="pp-class-382 pa t29946 l48327 ls2688 wtro3159 wtr1724 tro3160 tr1725">against </span><span class="pp-class-382 pa t29946 l48328 ls2854 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t29946 l48329 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29946 l48330 ls1463 wtro3159 wtr1724 tro3160 tr1725">deductible </span><span class="pp-class-382 pa t29946 l48331 ls7096 wtro3159 wtr1724 tro3160 tr1725">temporary </span><span class="pp-class-382 pa t29946 l48332 ls185 wtro3159 wtr1724 tro3160 tr1725">differences, </span><span class="pp-class-382 pa t29946 l48333 ls2113 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t29946 l48334 ls2113 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29946 l48335 ls1271 wtro3159 wtr1724 tro3160 tr1725">carry </span><span class="pp-class-382 pa t29946 l48336 ls3216 wtro3159 wtr1724 tro3160 tr1725">forward </span><span class="pp-class-382 pa t29946 l48337 ls1271 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t29946 l48338 ls1150 wtro3159 wtr1724 tro3160 tr1725">unused </span><span class="pp-class-382 pa t29946 l48339 ls866 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t29959 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">losses, </span><span class="pp-class-382 pa t29959 l48312 ls2113 wtro3159 wtr1724 tro3160 tr1725">can </span><span class="pp-class-382 pa t29959 l48340 ls1319 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t29959 l48341 ls1974 wtro3159 wtr1724 tro3160 tr1725">utilised </span><span class="pp-class-382 pa t29959 l41071 ls1319 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t29959 l48342 ls2842 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t29959 l48343 ls2134 wtro3159 wtr1724 tro3160 tr1725">foreseeable </span><span class="pp-class-382 pa t29959 l48344 ls1015 wtro3159 wtr1724 tro3160 tr1725">future. </span><span class="pp-class-382 pa t29959 l48345 ls2113 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t29959 l48346 ls803 wtro3159 wtr1724 tro3160 tr1725">carrying </span><span class="pp-class-382 pa t29959 l48347 ls1974 wtro3159 wtr1724 tro3160 tr1725">amount </span><span class="pp-class-382 pa t29959 l48348 ls1319 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t29959 l48349 ls1952 wtro3159 wtr1724 tro3160 tr1725">reviewed </span><span class="pp-class-382 pa t29959 l48350 ls650 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t29959 l48351 ls1243 wtro3159 wtr1724 tro3160 tr1725">each </span><span class="pp-class-382 pa t29959 l48352 ls4279 wtro3159 wtr1724 tro3160 tr1725">reporting </span><span class="pp-class-382 pa t29959 l48353 ls3123 wtro3159 wtr1724 tro3160 tr1725">date.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29964 l3 ls2960 wtro3159 wtr9936 tro3160 tr9937">Deferred </span><span class="pp-class-382 pa t29964 l48354 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29964 l48355 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t29964 l48356 ls23129 wtro3159 wtr9936 tro3160 tr9937">measured </span><span class="pp-class-382 pa t29964 l48357 ls2805 wtro3159 wtr9936 tro3160 tr9937">based </span><span class="pp-class-382 pa t29964 l48358 ls2955 wtro3159 wtr9936 tro3160 tr9937">on </span><span class="pp-class-382 pa t29964 l48359 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29964 l48360 ls2960 wtro3159 wtr9936 tro3160 tr9937">expected </span><span class="pp-class-382 pa t29964 l48361 ls3241 wtro3159 wtr9936 tro3160 tr9937">use </span><span class="pp-class-382 pa t29964 l48362 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29964 l48363 ls6498 wtro3159 wtr9936 tro3160 tr9937">settlement </span><span class="pp-class-382 pa t29964 l48364 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t29964 l48365 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29964 l48366 ls789 wtro3159 wtr9936 tro3160 tr9937">individual </span><span class="pp-class-382 pa t29964 l48367 ls1739 wtro3159 wtr9936 tro3160 tr9937">assets </span><span class="pp-class-382 pa t29964 l48368 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29964 l48369 ls2805 wtro3159 wtr9936 tro3160 tr9937">liabilities </span><span class="pp-class-382 pa t29978 l3 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29978 l48370 ls18578 wtro3159 wtr9936 tro3160 tr9937">according </span><span class="pp-class-382 pa t29978 l48371 ls10900 wtro3159 wtr9936 tro3160 tr9937">to </span><span class="pp-class-382 pa t29978 l48372 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l26440 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29978 l48373 ls2805 wtro3159 wtr9936 tro3160 tr9937">rules </span><span class="pp-class-382 pa t29978 l48374 ls3241 wtro3159 wtr9936 tro3160 tr9937">and </span><span class="pp-class-382 pa t29978 l4006 ls18115 wtro3159 wtr9936 tro3160 tr9937">at </span><span class="pp-class-382 pa t29978 l48375 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l47574 ls4805 wtro3159 wtr9936 tro3160 tr9937">known </span><span class="pp-class-382 pa t29978 l48376 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29978 l48377 ls4819 wtro3159 wtr9936 tro3160 tr9937">rates </span><span class="pp-class-382 pa t29978 l48378 ls789 wtro3159 wtr9936 tro3160 tr9937">applicable </span><span class="pp-class-382 pa t29978 l48379 ls18115 wtro3159 wtr9936 tro3160 tr9937">at </span><span class="pp-class-382 pa t29978 l48380 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29978 l48381 ls3036 wtro3159 wtr9936 tro3160 tr9937">balance </span><span class="pp-class-382 pa t29978 l48382 ls10809 wtro3159 wtr9936 tro3160 tr9937">sheet </span><span class="pp-class-382 pa t29978 l48383 ls37002 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t29978 l48384 ls719 wtro3159 wtr9936 tro3160 tr9937">when </span><span class="pp-class-382 pa t29978 l48385 ls1150 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t29989 l3 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t29989 l48386 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29989 l48387 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t29989 l48388 ls2960 wtro3159 wtr9936 tro3160 tr9937">expected </span><span class="pp-class-382 pa t29989 l48389 ls10900 wtro3159 wtr9936 tro3160 tr9937">to </span><span class="pp-class-382 pa t29989 l48390 ls721 wtro3159 wtr9936 tro3160 tr9937">crystallise </span><span class="pp-class-382 pa t29989 l48391 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t29989 l48392 ls48393 wtro3159 wtr9936 tro3160 tr9937">current </span><span class="pp-class-382 pa t29989 l48394 ls3190 wtro3159 wtr9936 tro3160 tr9937">tax. </span><span class="pp-class-382 pa t29989 l48395 ls3241 wtro3159 wtr9936 tro3160 tr9937">The </span><span class="pp-class-382 pa t29989 l48396 ls14357 wtro3159 wtr9936 tro3160 tr9937">change </span><span class="pp-class-382 pa t29989 l48397 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t29989 l48398 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t29989 l48399 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t29989 l48400 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t29989 l48401 ls1150 wtro3159 wtr9936 tro3160 tr9937">a </span><span class="pp-class-382 pa t29989 l48402 ls8569 wtro3159 wtr9936 tro3160 tr9937">result </span><span class="pp-class-382 pa t29989 l48403 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t29989 l48404 ls3036 wtro3159 wtr9936 tro3160 tr9937">changes </span><span class="pp-class-382 pa t29989 l48405 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t29989 l48406 ls1243 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30000 l3 ls4819 wtro3159 wtr9936 tro3160 tr9937">rates </span><span class="pp-class-382 pa t30000 l48407 ls2955 wtro3159 wtr9936 tro3160 tr9937">is </span><span class="pp-class-382 pa t30000 l48408 ls6498 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t30000 l48409 ls2955 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t30000 l48410 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30000 l48411 ls14357 wtro3159 wtr9936 tro3160 tr9937">income </span><span class="pp-class-382 pa t30000 l48412 ls13847 wtro3159 wtr9936 tro3160 tr9937">statement. </span><span class="pp-class-382 pa t30000 l48413 ls6100 wtro3159 wtr9936 tro3160 tr9937">Uncertain </span><span class="pp-class-382 pa t30000 l48414 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30000 l48415 ls47104 wtro3159 wtr9936 tro3160 tr9937">positions </span><span class="pp-class-382 pa t30000 l8538 ls3006 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t30000 l48416 ls23129 wtro3159 wtr9936 tro3160 tr9937">measured, </span><span class="pp-class-382 pa t30000 l48417 ls47104 wtro3159 wtr9936 tro3160 tr9937">depending </span><span class="pp-class-382 pa t30000 l48418 ls2955 wtro3159 wtr9936 tro3160 tr9937">on </span><span class="pp-class-382 pa t30000 l48419 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30000 l48420 ls195 wtro3159 wtr9936 tro3160 tr9937">type, </span><span class="pp-class-382 pa t30011 l3 ls14357 wtro3159 wtr9936 tro3160 tr9937">either </span><span class="pp-class-382 pa t30011 l48421 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30011 l48422 ls1150 wtro3159 wtr9936 tro3160 tr9937">a </span><span class="pp-class-382 pa t30011 l48423 ls17717 wtro3159 wtr9936 tro3160 tr9937">probability-weighted </span><span class="pp-class-382 pa t30011 l48424 ls48425 wtro3159 wtr9936 tro3160 tr9937">average </span><span class="pp-class-382 pa t30011 l48426 ls2769 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t30011 l48427 ls1952 wtro3159 wtr9936 tro3160 tr9937">possible </span><span class="pp-class-382 pa t30011 l48428 ls4765 wtro3159 wtr9936 tro3160 tr9937">outcomes </span><span class="pp-class-382 pa t30011 l48429 ls2955 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t30011 l48430 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30011 l48431 ls3241 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t30011 l48432 ls719 wtro3159 wtr9936 tro3160 tr9937">most </span><span class="pp-class-382 pa t30011 l48433 ls11935 wtro3159 wtr9936 tro3160 tr9937">likely </span><span class="pp-class-382 pa t30011 l48434 ls18761 wtro3159 wtr9936 tro3160 tr9937">outcome. </span><span class="pp-class-382 pa t30011 l48435 ls6100 wtro3159 wtr9936 tro3160 tr9937">Uncertain </span><span class="pp-class-382 pa t30011 l48436 ls1243 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l3 ls47104 wtro3159 wtr9936 tro3160 tr9937">positions </span><span class="pp-class-382 pa t30020 l29249 ls3006 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t30020 l48437 ls6498 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t30020 l48438 ls14357 wtro3159 wtr9936 tro3160 tr9937">either </span><span class="pp-class-382 pa t30020 l48439 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30020 l48440 ls17725 wtro3159 wtr9936 tro3160 tr9937">payable/receivable </span><span class="pp-class-382 pa t30020 l48441 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l48442 ls16064 wtro3159 wtr9936 tro3160 tr9937">and/or </span><span class="pp-class-382 pa t30020 l48443 ls2955 wtro3159 wtr9936 tro3160 tr9937">as </span><span class="pp-class-382 pa t30020 l48444 ls2960 wtro3159 wtr9936 tro3160 tr9937">deferred </span><span class="pp-class-382 pa t30020 l48445 ls719 wtro3159 wtr9936 tro3160 tr9937">tax </span><span class="pp-class-382 pa t30020 l48446 ls1366 wtro3159 wtr9936 tro3160 tr9937">assets/liabilities.</span></p> <div id="pp-id-5176" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h48688 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls85">3.1.1 </span><span class="pp-class-370 pa t21055 l43638 ls1005">Non-current </span><span class="pp-class-370 pa t21055 l48689 ls90">intangible </span><span class="pp-class-370 pa t21055 l48690 ls37">assets</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l48691"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46189"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46190"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48693 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48693 l48694">Goodwill</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42755 l48695 ls1008">Port </span><span class="pp-class-373 pa t42888 l48696">concession </span><span class="pp-class-373 pa t48693 l48697 ls907">rights </span><span class="pp-class-373 pa t48693 l48698 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l48699">Other </span><span class="pp-class-373 pa t42308 l48700">non- </span><span class="pp-class-373 pa t42755 l48701 ls128">current </span><span class="pp-class-373 pa t42888 l48702 ls37">intangible </span><span class="pp-class-373 pa t48693 l48703 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48693 l48704 ls978">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l48705 ls302">Develop-</span><span class="pp-class-373 pa t42755 l48706 ls96">ment </span><span class="pp-class-373 pa t42888 l48707 ls150">projects </span><span class="pp-class-373 pa t42888 l48708">in </span><span class="pp-class-373 pa t48693 l48709 ls671">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48693 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l3">Cost </span><span class="pp-class-372 pa t48710 l42333 ls2835">at </span><span class="pp-class-372 pa t48710 l48711">1 </span><span class="pp-class-372 pa t48710 l48712 ls1227">January </span><span class="pp-class-372 pa t48710 l48713 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48714 ls3241">5,066</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l42458 ls81">1,214</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48715 ls1073">1,008</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48716 ls728">758</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48717 ls14819">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48718 ls2955">8,063</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l3 ls3310 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t48719 l47769 ls2805 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t48719 l47770 ls7858 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48720 ls16">27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48721">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48722">9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48724">40</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48725 l3 ls704">Addition </span><span class="pp-class-372 pa t48725 l47664">on </span><span class="pp-class-372 pa t48725 l47665 ls37">acquisition </span><span class="pp-class-372 pa t48725 l47666 ls287">of </span><span class="pp-class-372 pa t48726 l3 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48727 ls1859">2,518</span><span class="pp-class-374 pa t48728 l48729">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48731">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48732">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48733 ls276">2,531</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l3 ls704">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48736 ls1080">246</span><span class="pp-class-374 pa t48737 l48738">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48740">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48741">94</span><span class="pp-class-374 pa t48737 l48742">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l47218">342</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48744">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48745">9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48746 ls1077">14</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48731">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48748">98</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48749">-98</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l3">Cost </span><span class="pp-class-373 pa t48750 l30289 ls1323">at </span><span class="pp-class-373 pa t48750 l48751">31 </span><span class="pp-class-373 pa t48750 l17365">December </span><span class="pp-class-373 pa t48750 l48752 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48753 ls48754">7,610</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48755 ls81">1,464</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48756 ls99">1,012</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48757">862</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48758">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48759 ls2688">10,961</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48760 l3 ls287">Amortisation </span><span class="pp-class-372 pa t48760 l42376">and </span><span class="pp-class-372 pa t48760 l46051 ls287">impairment </span><span class="pp-class-372 pa t48761 l3">losses </span><span class="pp-class-372 pa t48761 l48762 ls2835">at </span><span class="pp-class-372 pa t48761 l48763">1 </span><span class="pp-class-372 pa t48761 l11568 ls1227">January </span><span class="pp-class-372 pa t48761 l43651 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48764 ls2835">114</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48765">223</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48766 ls30469">178</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48767">412</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48768">926</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l3 ls3216 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t48769 l47654 ls46774 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t48769 l47655 ls9967 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l31806">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l48770">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l3 ls287">Amortisation </span><span class="pp-class-372 pa t48771 l42376 ls110">charge</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l48772">52</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l48773">82</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l48774 ls2143">76</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l48775 ls278">210</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48744">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48745">9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48777">13</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48778 l3 ls90">Amortisation </span><span class="pp-class-373 pa t48778 l47193">and </span><span class="pp-class-373 pa t48778 l13097 ls287">impairment </span><span class="pp-class-373 pa t48779 l3 ls37">losses </span><span class="pp-class-373 pa t48779 l3301 ls1323">at </span><span class="pp-class-373 pa t48779 l48780">31 </span><span class="pp-class-373 pa t48779 l48781">December </span><span class="pp-class-373 pa t48779 l34146 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l48782">113</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l48783 ls1083">275</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l42460 ls728">257</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l48784">480</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l48785">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l46312">1,125</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48786 l3 ls2548">Carrying </span><span class="pp-class-373 pa t48786 l42889 ls907">amount </span><span class="pp-class-373 pa t48786 l48787 ls1323">at </span><span class="pp-class-373 pa t48788 l3">31 </span><span class="pp-class-373 pa t48788 l48789">December </span><span class="pp-class-373 pa t48788 l48790 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48791 ls48425">7,497</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48792 ls90">1,189</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48793 ls728">755</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48794">382</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48758">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48795 ls2955">9,837</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t48796 l3 ls858">The </span><span class="pp-class-382 pa t48796 l16631 ls1099">carrying </span><span class="pp-class-382 pa t48796 l3695 ls1073">amount </span><span class="pp-class-382 pa t48796 l48797 ls103">of </span><span class="pp-class-382 pa t48796 l48798 ls3278">completed </span><span class="pp-class-382 pa t48796 l48799 ls3377">software </span><span class="pp-class-382 pa t48796 l48800 ls1099">and </span><span class="pp-class-382 pa t48796 l48801 ls852">development </span><span class="pp-class-382 pa t48796 l48802 ls3623">projects </span><span class="pp-class-382 pa t48796 l48803 ls1080">in </span><span class="pp-class-382 pa t48796 l48804 ls3435">progress </span><span class="pp-class-382 pa t48796 l48805 ls1974">primarily </span><span class="pp-class-382 pa t48796 l48806 ls3458">relates </span><span class="pp-class-382 pa t48796 l48807 ls1759">to </span><span class="pp-class-382 pa t48796 l48808 ls12">a </span><span class="pp-class-382 pa t48809 l3 ls3278">Passenger </span><span class="pp-class-382 pa t48809 l48810 ls1237">booking </span><span class="pp-class-382 pa t48809 l47389 ls1868">system, </span><span class="pp-class-382 pa t48809 l48811 ls302">a </span><span class="pp-class-382 pa t48809 l48812 ls3539">Transport </span><span class="pp-class-382 pa t48809 l28246 ls53">Management </span><span class="pp-class-382 pa t48809 l48813 ls1859">System, </span><span class="pp-class-382 pa t48809 l48814 ls1080">an </span><span class="pp-class-382 pa t48809 l48815 ls1150">onboard </span><span class="pp-class-382 pa t48809 l48816 ls1759">sales </span><span class="pp-class-382 pa t48809 l48817 ls1868">system, </span><span class="pp-class-382 pa t48809 l48818 ls1080">an </span><span class="pp-class-382 pa t48809 l48819 ls1099">ERP </span><span class="pp-class-382 pa t48809 l48820 ls1868">system, </span><span class="pp-class-382 pa t48809 l48821 ls302">and </span><span class="pp-class-382 pa t48822 l3 ls728">various </span><span class="pp-class-382 pa t48822 l48823 ls806">digital </span><span class="pp-class-382 pa t48822 l48824 ls2142">products. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t48825 l3 ls1772">For </span><span class="pp-class-382 pa t48825 l44017 ls1148">information </span><span class="pp-class-382 pa t48825 l48826 ls2145">regarding </span><span class="pp-class-382 pa t48825 l48827 ls858">the </span><span class="pp-class-382 pa t48825 l48828 ls806">impairment </span><span class="pp-class-382 pa t48825 l48829 ls1118">tests </span><span class="pp-class-382 pa t48825 l48830 ls715">reference </span><span class="pp-class-382 pa t48825 l48831 ls1080">is </span><span class="pp-class-382 pa t48825 l48832 ls1772">made </span><span class="pp-class-382 pa t48825 l48833 ls1759">to </span><span class="pp-class-382 pa t48825 l48834 ls1859">note </span><span class="pp-class-382 pa t48825 l48835 ls14041">3.1.4.</span></p></div></div><div id="pp-id-5177" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h48836 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l48691"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46189"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46190"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46689">2023 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48837 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48837 l48694">Goodwill</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48838 l48695 ls1008">Port </span><span class="pp-class-373 pa t48839 l48696">concession </span><span class="pp-class-373 pa t48837 l48697 ls907">rights </span><span class="pp-class-373 pa t48837 l48698 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l48699">Other </span><span class="pp-class-373 pa t30329 l48700">non- </span><span class="pp-class-373 pa t48838 l48701 ls128">current </span><span class="pp-class-373 pa t48839 l48702 ls37">intangible </span><span class="pp-class-373 pa t48837 l48703 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48837 l48704 ls978">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l48705 ls302">Develop-</span><span class="pp-class-373 pa t48838 l48706 ls96">ment </span><span class="pp-class-373 pa t48839 l48707 ls150">projects </span><span class="pp-class-373 pa t48839 l48708">in </span><span class="pp-class-373 pa t48837 l48709 ls671">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48837 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l3">Cost </span><span class="pp-class-372 pa t48840 l42333 ls2835">at </span><span class="pp-class-372 pa t48840 l48711">1 </span><span class="pp-class-372 pa t48840 l48712 ls1227">January </span><span class="pp-class-372 pa t48840 l48713">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48841 ls276">4,522</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48842">1,213</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48843 ls110">773</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48844 ls1080">721</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48845">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48846 ls4819">7,241</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l3 ls2848 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t48847 l48848 ls796 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t48847 l48849 ls4279 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l16757 ls302">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l48850">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l48851">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l48852 ls1772">24</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48853 l3 ls704">Addition </span><span class="pp-class-372 pa t48853 l47664">on </span><span class="pp-class-372 pa t48853 l47665 ls37">acquisition </span><span class="pp-class-372 pa t48853 l47666 ls287">of </span><span class="pp-class-372 pa t48854 l3 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48855">528</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48856 ls254">227</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48857">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48858 ls728">762</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l3 ls704">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48860">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48861">82</span><span class="pp-class-374 pa t48862 l48742">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48863">83</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48865">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48866">51</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48867">50</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48869 ls302">79</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48870 ls6330">-77</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l42414">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l3">Cost </span><span class="pp-class-373 pa t48871 l30289 ls1323">at </span><span class="pp-class-373 pa t48871 l48751">31 </span><span class="pp-class-373 pa t48871 l17365">December </span><span class="pp-class-373 pa t48871 l48752">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48872 ls864">5,066</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l46309 ls150">1,214</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48873 ls99">1,008</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48874 ls728">758</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48875 ls48876">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48877 ls852">8,063</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48878 l3 ls287">Amortisation </span><span class="pp-class-372 pa t48878 l42376">and </span><span class="pp-class-372 pa t48878 l46051 ls287">impairment </span><span class="pp-class-372 pa t48879 l3">losses </span><span class="pp-class-372 pa t48879 l48762 ls2835">at </span><span class="pp-class-372 pa t48879 l48763">1 </span><span class="pp-class-372 pa t48879 l11568 ls1227">January </span><span class="pp-class-372 pa t48879 l43651">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48880">115</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48881 ls1080">187</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48882">98</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48883 ls1955">397</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48884 ls1319">797</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l3 ls2970 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t48885 l48886 ls1316 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t48885 l48887 ls1077 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l31806">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l48850">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l48888">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l3 ls287">Amortisation </span><span class="pp-class-372 pa t48889 l42376 ls110">charge</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l48890">35</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l48891 ls728">78</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l48892">64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l42379 ls30469">178</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48865">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48866">51</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48867">50</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l48860">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48895 l3 ls90">Amortisation </span><span class="pp-class-373 pa t48895 l47193">and </span><span class="pp-class-373 pa t48895 l13097 ls287">impairment </span><span class="pp-class-373 pa t48896 l3 ls37">losses </span><span class="pp-class-373 pa t48896 l3301 ls1323">at </span><span class="pp-class-373 pa t48896 l48780">31 </span><span class="pp-class-373 pa t48896 l48781">December </span><span class="pp-class-373 pa t48896 l34146">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48897 ls78">114</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48898">223</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48899 ls12804">178</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48900">412</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48785">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48901">926</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48902 l3 ls2548">Carrying </span><span class="pp-class-373 pa t48902 l42889 ls907">amount </span><span class="pp-class-373 pa t48902 l48787 ls1323">at </span><span class="pp-class-373 pa t48903 l3">31 </span><span class="pp-class-373 pa t48903 l48789">December </span><span class="pp-class-373 pa t48903 l48790">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48904 ls658">4,952</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48905">990</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48906">831</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48907">346</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48875 ls48876">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48908 ls37002">7,136</span></p></td></tr></table></div></div><div id="pp-id-5109" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls884">Reference </span><span class="pp-class-376 pa t3433 l48110 ls128">made </span><span class="pp-class-376 pa t3433 l48909 ls166">to </span><span class="pp-class-376 pa t3439 l3 ls171">note </span><span class="pp-class-376 pa t3439 l48910 ls43192">5.5</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t48911 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3451 l3 ls2970">Relates </span><span class="pp-class-376 pa t3451 l48912 ls1759">to </span><span class="pp-class-376 pa t3451 l48913 ls1080">an </span><span class="pp-class-376 pa t3451 l48914 ls4299">agreement </span><span class="pp-class-376 pa t3453 l3 ls3278">for </span><span class="pp-class-376 pa t3453 l48915 ls302">a </span><span class="pp-class-376 pa t3453 l48916 ls1772">10 </span><span class="pp-class-376 pa t3453 l48917 ls960">year </span><span class="pp-class-376 pa t3453 l48918 ls869">concession </span><span class="pp-class-376 pa t3457 l3 ls1305">right </span><span class="pp-class-376 pa t3457 l48919 ls3278">for </span><span class="pp-class-376 pa t3457 l48920 ls302">a </span><span class="pp-class-376 pa t3457 l30789 ls296">terminal. </span><span class="pp-class-376 pa t3457 l47312 ls302">The </span><span class="pp-class-376 pa t3463 l3 ls1073">amount </span><span class="pp-class-376 pa t3463 l2269 ls1150">was </span><span class="pp-class-376 pa t3463 l48921 ls1101">prepaid </span><span class="pp-class-376 pa t4229 l3 ls1080">in </span><span class="pp-class-376 pa t4229 l29590 ls3377">previous </span><span class="pp-class-376 pa t4229 l48922 ls2142">years </span><span class="pp-class-376 pa t4229 l48923 ls302">and </span><span class="pp-class-376 pa t4234 l3 ls858">has </span><span class="pp-class-376 pa t4234 l48924 ls806">subsequent </span><span class="pp-class-376 pa t4234 l48925 ls302">to </span><span class="pp-class-376 pa t4241 l3 ls858">the </span><span class="pp-class-376 pa t4241 l43824 ls2113">finalisation </span><span class="pp-class-376 pa t4241 l48926 ls103">of </span><span class="pp-class-376 pa t4241 l48927 ls302">the </span><span class="pp-class-376 pa t4246 l3 ls1316">agreement </span><span class="pp-class-376 pa t4246 l48928 ls1323">been </span><span class="pp-class-376 pa t4246 l48929 ls2784">moved </span><span class="pp-class-376 pa t34377 l3 ls1759">to </span><span class="pp-class-376 pa t34377 l29588 ls1101">non-current </span><span class="pp-class-376 pa t34377 l48930 ls2694">intangible </span><span class="pp-class-376 pa t45924 l3 ls187">assets. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t4257 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t4262 l3 ls1974">Primarily </span><span class="pp-class-376 pa t4262 l48931 ls3458">relates </span><span class="pp-class-376 pa t4262 l39207 ls1759">to </span><span class="pp-class-376 pa t4262 l48932 ls302">the </span><span class="pp-class-376 pa t48933 l3 ls728">implementation </span><span class="pp-class-376 pa t48933 l16671 ls103">of </span><span class="pp-class-376 pa t48933 l1394 ls278">an </span><span class="pp-class-376 pa t48934 l3 ls858">ERP </span><span class="pp-class-376 pa t48934 l48935 ls3623">system.</span></p></div></div><div id="pp-id-5178" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h48937 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls85">3.1.1 </span><span class="pp-class-370 pa t21055 l43638 ls1005">Non-current </span><span class="pp-class-370 pa t21055 l48689 ls90">intangible </span><span class="pp-class-370 pa t21055 l48690 ls37">assets</span><span class="pp-class-371 pa t21055 l48938"/><span class="pp-class-371 pa t21055 l48939 ls155">(continued)</span></p><table><tr><td colspan="3" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">Recognised </span><span class="pp-class-372 pa t42302 l37896">goodwill </span><span class="pp-class-372 pa t42302 l48940">is </span><span class="pp-class-372 pa t42302 l48941 ls1259">attributable </span><span class="pp-class-372 pa t42302 l48942 ls166">to </span><span class="pp-class-372 pa t42302 l14831">the </span><span class="pp-class-372 pa t42302 l48943 ls1259">following </span><span class="pp-class-372 pa t42302 l48944">cash </span><span class="pp-class-372 pa t42302 l48945 ls168">generating </span><span class="pp-class-372 pa t42302 l44348">units:</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48946 l3">DKK </span><span class="pp-class-372 pa t48946 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48946 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48946 l48947">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48948 l3 ls910">Ferry:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48949 l3 ls3618">North </span><span class="pp-class-372 pa t48949 l9390 ls1178">Sea, </span><span class="pp-class-372 pa t48949 l48950 ls166">Baltic </span><span class="pp-class-372 pa t48949 l48951">Sea </span><span class="pp-class-372 pa t48949 l48952">and </span><span class="pp-class-372 pa t48949 l48953 ls171">Mediterranean</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48949 l48954 ls6007">3,386</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48949 l48627 ls6007">3,384</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48955 l3 ls134">Strait </span><span class="pp-class-372 pa t48955 l9435 ls287">of </span><span class="pp-class-372 pa t48955 l9436 ls68">Gibraltar</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48955 l45517 ls3362">757</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48955 l48956">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48957 l3">Logistics:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48958 l3">Logistics</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48958 l48959 ls6007">3,354</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48958 l48960 ls276">1,568</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48961 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48961 l46789 ls48425">7,497</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48961 l48962 ls658">4,952</span></p></td></tr></table></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5179" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h48963 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls1271">Non-current </span><span class="pp-class-383 pa t30083 l48964 ls1818">intangible </span><span class="pp-class-383 pa t30083 l48965 ls1073">assets </span><span class="pp-class-383 pa t30083 l48966">- </span><span class="pp-class-383 pa t30083 l48967 ls1759">Other </span><span class="pp-class-383 pa t30083 l48968 ls1323">than </span><span class="pp-class-383 pa t30083 l48969 ls99">goodwill </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4343">Generally, </span><span class="pp-class-382 pa t30087 l48970 ls858">the </span><span class="pp-class-382 pa t30087 l48971 ls4299">following </span><span class="pp-class-382 pa t30087 l48972 ls1237">applies </span><span class="pp-class-382 pa t30087 l43227 ls2486">unless </span><span class="pp-class-382 pa t30087 l48973 ls1077">otherwise </span><span class="pp-class-382 pa t30087 l48974 ls1974">stated:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30098 l3 ls302">• </span><span class="pp-class-382 pa t30098 l1592 ls48975">Assets </span><span class="pp-class-382 pa t30098 l48976 ls800">are </span><span class="pp-class-382 pa t30098 l48977 ls8853">measured </span><span class="pp-class-382 pa t30098 l48978 ls1083">at </span><span class="pp-class-382 pa t30098 l48979 ls1323">cost </span><span class="pp-class-382 pa t30098 l48980 ls1323">less </span><span class="pp-class-382 pa t30098 l48981 ls1244">accumulated </span><span class="pp-class-382 pa t30098 l48982 ls238">amortisation </span><span class="pp-class-382 pa t30098 l48983 ls1099">and </span><span class="pp-class-382 pa t30098 l48984 ls806">impairment </span><span class="pp-class-382 pa t30098 l48985 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls1323">cost </span><span class="pp-class-382 pa t30105 l48988 ls238">includes </span><span class="pp-class-382 pa t30105 l48989 ls1759">costs </span><span class="pp-class-382 pa t30105 l48990 ls1759">to </span><span class="pp-class-382 pa t30105 l48991 ls1083">external </span><span class="pp-class-382 pa t30105 l48992 ls819">suppliers, </span><span class="pp-class-382 pa t30105 l48993 ls3105">materials </span><span class="pp-class-382 pa t30105 l48994 ls858">and </span><span class="pp-class-382 pa t30105 l48995 ls806">components, </span><span class="pp-class-382 pa t30105 l48996 ls2760">direct </span><span class="pp-class-382 pa t30105 l48997 ls3623">wages, </span><span class="pp-class-382 pa t30105 l48998 ls1323">salaries, </span><span class="pp-class-382 pa t30110 l1592 ls858">and </span><span class="pp-class-382 pa t30110 l48999 ls852">interests </span><span class="pp-class-382 pa t30110 l49000 ls1323">paid </span><span class="pp-class-382 pa t30110 l49001 ls1080">as </span><span class="pp-class-382 pa t30110 l49002 ls1243">from </span><span class="pp-class-382 pa t30110 l26451 ls858">the </span><span class="pp-class-382 pa t30110 l49003 ls1323">time </span><span class="pp-class-382 pa t30110 l14934 ls103">of </span><span class="pp-class-382 pa t30110 l22438 ls8853">payment </span><span class="pp-class-382 pa t30110 l49004 ls1305">until </span><span class="pp-class-382 pa t30110 l49005 ls858">the </span><span class="pp-class-382 pa t30110 l49006 ls852">date </span><span class="pp-class-382 pa t30110 l49007 ls1323">when </span><span class="pp-class-382 pa t30110 l49008 ls1099">the </span><span class="pp-class-382 pa t30110 l49009 ls296">asset </span><span class="pp-class-382 pa t30110 l49010 ls1080">is </span><span class="pp-class-382 pa t30110 l49011 ls1316">available </span><span class="pp-class-382 pa t30110 l49012 ls3278">for </span><span class="pp-class-382 pa t30110 l49013 ls4275">use.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls238">assets </span><span class="pp-class-382 pa t37915 l49014 ls800">are </span><span class="pp-class-382 pa t37915 l49015 ls1257">amortised </span><span class="pp-class-382 pa t37915 l49016 ls1080">on </span><span class="pp-class-382 pa t37915 l49017 ls302">a </span><span class="pp-class-382 pa t37915 l49018 ls1316">straight-line </span><span class="pp-class-382 pa t37915 l49019 ls1759">basis </span><span class="pp-class-382 pa t37915 l49020 ls2671">over </span><span class="pp-class-382 pa t37915 l49021 ls858">the </span><span class="pp-class-382 pa t37915 l49022 ls3105">estimated </span><span class="pp-class-382 pa t37915 l49023 ls1941">useful </span><span class="pp-class-382 pa t37915 l49024 ls1150">life.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37930 l3 ls302">• </span><span class="pp-class-382 pa t37930 l1592 ls48986">The </span><span class="pp-class-382 pa t37930 l48987 ls2142">effect </span><span class="pp-class-382 pa t37930 l49025 ls1243">from </span><span class="pp-class-382 pa t37930 l49026 ls1237">changes </span><span class="pp-class-382 pa t37930 l49027 ls1080">in </span><span class="pp-class-382 pa t37930 l49028 ls238">amortisation </span><span class="pp-class-382 pa t37930 l49029 ls2486">period </span><span class="pp-class-382 pa t37930 l49030 ls1080">or </span><span class="pp-class-382 pa t37930 l49031 ls858">the </span><span class="pp-class-382 pa t37930 l49032 ls8853">residual </span><span class="pp-class-382 pa t37930 l49033 ls1083">value </span><span class="pp-class-382 pa t37930 l49034 ls1080">is </span><span class="pp-class-382 pa t37930 l49035 ls2970">recognised </span><span class="pp-class-382 pa t37930 l49036 ls3435">prospectively </span><span class="pp-class-382 pa t37942 l1592 ls1080">as </span><span class="pp-class-382 pa t37942 l49037 ls302">a </span><span class="pp-class-382 pa t37942 l49038 ls2486">change </span><span class="pp-class-382 pa t37942 l49039 ls1080">in </span><span class="pp-class-382 pa t37942 l49040 ls858">the </span><span class="pp-class-382 pa t37942 l49041 ls53">accounting </span><span class="pp-class-382 pa t37942 l49042 ls1083">estimate.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37943 l3 ls1237">Goodwill</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37948 l3 ls10900">At </span><span class="pp-class-382 pa t37948 l49043 ls1237">initial </span><span class="pp-class-382 pa t37948 l49044 ls2142">recognition </span><span class="pp-class-382 pa t37948 l49045 ls2694">goodwill </span><span class="pp-class-382 pa t37948 l49046 ls1080">is </span><span class="pp-class-382 pa t37948 l49047 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49048 ls1080">in </span><span class="pp-class-382 pa t37948 l49049 ls1099">the </span><span class="pp-class-382 pa t37948 l49050 ls1237">balance </span><span class="pp-class-382 pa t37948 l49051 ls296">sheet </span><span class="pp-class-382 pa t37948 l49052 ls1083">at </span><span class="pp-class-382 pa t37948 l49053 ls1110">cost, </span><span class="pp-class-382 pa t37948 l47266 ls1080">as </span><span class="pp-class-382 pa t37948 l49054 ls1073">described </span><span class="pp-class-382 pa t37948 l49055 ls1080">in </span><span class="pp-class-382 pa t37948 l49056 ls1859">note </span><span class="pp-class-382 pa t37948 l49057 ls18364">5.5 </span><span class="pp-class-382 pa t37961 l3 ls2671">‘Business-combinations’. </span><span class="pp-class-382 pa t37961 l49058 ls6791">Subsequently, </span><span class="pp-class-382 pa t37961 l49059 ls2694">goodwill </span><span class="pp-class-382 pa t37961 l49060 ls1080">is </span><span class="pp-class-382 pa t37961 l49061 ls8853">measured </span><span class="pp-class-382 pa t37961 l49062 ls1083">at </span><span class="pp-class-382 pa t37961 l49063 ls1323">cost </span><span class="pp-class-382 pa t37961 l49064 ls1323">less </span><span class="pp-class-382 pa t37961 l49065 ls1244">accumulated </span><span class="pp-class-382 pa t37961 l49066 ls1077">impairment </span><span class="pp-class-382 pa t37974 l3 ls1237">losses. </span><span class="pp-class-382 pa t37974 l49067 ls2694">Goodwill </span><span class="pp-class-382 pa t37974 l49068 ls1080">is </span><span class="pp-class-382 pa t37974 l49069 ls830">not </span><span class="pp-class-382 pa t37974 l30021 ls1126">amortised. </span><span class="pp-class-382 pa t37974 l49070 ls1080">An </span><span class="pp-class-382 pa t37974 l49071 ls806">impairment </span><span class="pp-class-382 pa t37974 l21824 ls1073">test </span><span class="pp-class-382 pa t37974 l20986 ls1080">is </span><span class="pp-class-382 pa t37974 l49072 ls1321">performed </span><span class="pp-class-382 pa t37974 l49073 ls1083">at </span><span class="pp-class-382 pa t37974 l44842 ls1759">least </span><span class="pp-class-382 pa t37974 l18710 ls1323">once </span><span class="pp-class-382 pa t37974 l45659 ls302">a </span><span class="pp-class-382 pa t37974 l49074 ls960">year </span><span class="pp-class-382 pa t37974 l49075 ls3278">together </span><span class="pp-class-382 pa t37974 l49076 ls1955">with </span><span class="pp-class-382 pa t49077 l3 ls296">other </span><span class="pp-class-382 pa t49077 l43926 ls1101">non-current </span><span class="pp-class-382 pa t49077 l49078 ls238">assets </span><span class="pp-class-382 pa t49077 l49079 ls103">of </span><span class="pp-class-382 pa t49077 l49080 ls858">the </span><span class="pp-class-382 pa t49077 l49081 ls2149">Group. </span><span class="pp-class-382 pa t49077 l49082 ls858">The </span><span class="pp-class-382 pa t49077 l49083 ls1099">carrying </span><span class="pp-class-382 pa t49077 l49084 ls1073">amount </span><span class="pp-class-382 pa t49077 l49085 ls103">of </span><span class="pp-class-382 pa t49077 l49086 ls2694">goodwill </span><span class="pp-class-382 pa t49077 l49087 ls1080">is </span><span class="pp-class-382 pa t49077 l49088 ls3105">allocated </span><span class="pp-class-382 pa t49077 l49089 ls1759">to </span><span class="pp-class-382 pa t49077 l25507 ls858">the </span><span class="pp-class-382 pa t49077 l49090 ls715">Group’s </span><span class="pp-class-382 pa t37975 l3 ls2970">cash-generating </span><span class="pp-class-382 pa t37975 l13907 ls1759">units </span><span class="pp-class-382 pa t37975 l49091 ls1083">at </span><span class="pp-class-382 pa t37975 l49092 ls858">the </span><span class="pp-class-382 pa t37975 l39474 ls1323">time </span><span class="pp-class-382 pa t37975 l49093 ls103">of </span><span class="pp-class-382 pa t37975 l49094 ls1772">acquisition.</span></p></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5180" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h49095 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies </span><span class="pp-class-382 pa t838 l30560 ls1326">(continued)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls4279">Development </span><span class="pp-class-383 pa t30083 l49096 ls5039">projects </span><span class="pp-class-383 pa t30083 l49097 ls1080">in </span><span class="pp-class-383 pa t30083 l49098 ls1150">progress</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls852">Development </span><span class="pp-class-382 pa t30087 l49099 ls3623">projects </span><span class="pp-class-382 pa t30087 l6065 ls1080">in </span><span class="pp-class-382 pa t30087 l49100 ls2145">progress, </span><span class="pp-class-382 pa t30087 l49101 ls1974">primarily </span><span class="pp-class-382 pa t30087 l49102 ls852">development </span><span class="pp-class-382 pa t30087 l49103 ls103">of </span><span class="pp-class-382 pa t30087 l49104 ls1080">IT </span><span class="pp-class-382 pa t30087 l49105 ls646">software, </span><span class="pp-class-382 pa t30087 l49106 ls800">are </span><span class="pp-class-382 pa t30087 l49107 ls2970">recognised </span><span class="pp-class-382 pa t30087 l49108 ls1080">as </span><span class="pp-class-382 pa t30087 l49109 ls1099">non-</span><span class="pp-class-382 pa t30093 l3 ls852">current </span><span class="pp-class-382 pa t30093 l46050 ls1701">intangible </span><span class="pp-class-382 pa t30093 l49110 ls238">assets </span><span class="pp-class-382 pa t30093 l29192 ls1080">if </span><span class="pp-class-382 pa t30093 l49111 ls858">the </span><span class="pp-class-382 pa t30093 l49112 ls4299">following </span><span class="pp-class-382 pa t30093 l49113 ls296">criteria </span><span class="pp-class-382 pa t30093 l49114 ls800">are </span><span class="pp-class-382 pa t30093 l49115 ls830">met:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls3623">projects </span><span class="pp-class-382 pa t30105 l49116 ls800">are </span><span class="pp-class-382 pa t30105 l49117 ls1194">clearly </span><span class="pp-class-382 pa t30105 l24249 ls1305">defined </span><span class="pp-class-382 pa t30105 l26926 ls858">and </span><span class="pp-class-382 pa t30105 l49118 ls2489">identifiable.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30110 l3 ls302">• </span><span class="pp-class-382 pa t30110 l1592 ls48986">The </span><span class="pp-class-382 pa t30110 l48987 ls2784">Group </span><span class="pp-class-382 pa t30110 l49119 ls4275">intends </span><span class="pp-class-382 pa t30110 l49120 ls1759">to </span><span class="pp-class-382 pa t30110 l49121 ls858">use </span><span class="pp-class-382 pa t30110 l49122 ls858">the </span><span class="pp-class-382 pa t30110 l49123 ls3623">projects </span><span class="pp-class-382 pa t30110 l3168 ls1323">once </span><span class="pp-class-382 pa t30110 l49124 ls3278">completed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls1083">future </span><span class="pp-class-382 pa t37915 l49125 ls2694">earnings </span><span class="pp-class-382 pa t37915 l49126 ls1243">from </span><span class="pp-class-382 pa t37915 l12960 ls858">the </span><span class="pp-class-382 pa t37915 l49127 ls3623">projects </span><span class="pp-class-382 pa t37915 l49128 ls800">are </span><span class="pp-class-382 pa t37915 l49129 ls828">expected </span><span class="pp-class-382 pa t37915 l49130 ls1759">to </span><span class="pp-class-382 pa t37915 l49131 ls646">cover </span><span class="pp-class-382 pa t37915 l49132 ls1099">the </span><span class="pp-class-382 pa t37915 l49133 ls960">development </span><span class="pp-class-382 pa t37930 l1592 ls858">and </span><span class="pp-class-382 pa t37930 l48999 ls11245">administrative </span><span class="pp-class-382 pa t37930 l49134 ls2486">costs, </span><span class="pp-class-382 pa t37930 l49135 ls1080">and</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37942 l3 ls302">• </span><span class="pp-class-382 pa t37942 l1592 ls48986">The </span><span class="pp-class-382 pa t37942 l48987 ls1759">costs </span><span class="pp-class-382 pa t37942 l49136 ls858">can </span><span class="pp-class-382 pa t37942 l49137 ls1080">be </span><span class="pp-class-382 pa t37942 l49138 ls7858">reliably </span><span class="pp-class-382 pa t37942 l49139 ls8853">measured.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls238">amortisation </span><span class="pp-class-382 pa t37943 l49140 ls103">of </span><span class="pp-class-382 pa t37943 l42770 ls3474">capitalised </span><span class="pp-class-382 pa t37943 l49141 ls852">development </span><span class="pp-class-382 pa t37943 l49142 ls3623">projects </span><span class="pp-class-382 pa t37943 l49143 ls858">starts </span><span class="pp-class-382 pa t37943 l44938 ls2842">after </span><span class="pp-class-382 pa t37943 l49144 ls1099">the </span><span class="pp-class-382 pa t37943 l20742 ls1271">completion </span><span class="pp-class-382 pa t37943 l49145 ls103">of </span><span class="pp-class-382 pa t37943 l49146 ls858">the </span><span class="pp-class-382 pa t37943 l49147 ls960">development </span><span class="pp-class-382 pa t37948 l3 ls2787">project </span><span class="pp-class-382 pa t37948 l49148 ls858">and </span><span class="pp-class-382 pa t37948 l49149 ls1080">is </span><span class="pp-class-382 pa t37948 l49150 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49151 ls1080">on </span><span class="pp-class-382 pa t37948 l17662 ls302">a </span><span class="pp-class-382 pa t37948 l49152 ls1316">straight-line </span><span class="pp-class-382 pa t37948 l49153 ls1759">basis </span><span class="pp-class-382 pa t37948 l49154 ls2671">over </span><span class="pp-class-382 pa t37948 l49155 ls1099">the </span><span class="pp-class-382 pa t37948 l49156 ls828">expected </span><span class="pp-class-382 pa t37948 l49157 ls1941">useful </span><span class="pp-class-382 pa t37948 l49158 ls2854">life, </span><span class="pp-class-382 pa t37948 l49159 ls1759">which </span><span class="pp-class-382 pa t37948 l49160 ls2944">normally </span><span class="pp-class-382 pa t37948 l49161 ls1080">is </span><span class="pp-class-382 pa t37948 l49162 ls332">3-5 </span><span class="pp-class-382 pa t37961 l3 ls2889">years, </span><span class="pp-class-382 pa t37961 l49163 ls858">but </span><span class="pp-class-382 pa t37961 l49164 ls1080">in </span><span class="pp-class-382 pa t37961 l49165 ls99">certain </span><span class="pp-class-382 pa t37961 l49166 ls1759">cases </span><span class="pp-class-382 pa t37961 l49167 ls1080">up </span><span class="pp-class-382 pa t37961 l49168 ls1759">to </span><span class="pp-class-382 pa t37961 l49169 ls1772">10 </span><span class="pp-class-382 pa t37961 l49170 ls2142">years </span><span class="pp-class-382 pa t37961 l49171 ls1323">(the </span><span class="pp-class-382 pa t37961 l49172 ls800">latter </span><span class="pp-class-382 pa t37961 l49173 ls1237">applies </span><span class="pp-class-382 pa t37961 l49174 ls1759">to </span><span class="pp-class-382 pa t37961 l49175 ls806">significant </span><span class="pp-class-382 pa t37961 l49176 ls4305">internally </span><span class="pp-class-382 pa t37961 l49177 ls960">developed </span><span class="pp-class-382 pa t37974 l3 ls2970">commercial </span><span class="pp-class-382 pa t37974 l49178 ls858">and </span><span class="pp-class-382 pa t37974 l49179 ls2944">operational </span><span class="pp-class-382 pa t37974 l49180 ls4305">systems).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37975 l3 ls1759">Other </span><span class="pp-class-383 pa t37975 l49181 ls1271">non-current </span><span class="pp-class-383 pa t37975 l49182 ls1818">intangible </span><span class="pp-class-383 pa t37975 l49183 ls1305">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37977 l3 ls1759">Other </span><span class="pp-class-382 pa t37977 l49184 ls1101">non-current </span><span class="pp-class-382 pa t37977 l49185 ls1701">intangible </span><span class="pp-class-382 pa t37977 l46124 ls238">assets </span><span class="pp-class-382 pa t37977 l49186 ls2694">comprise </span><span class="pp-class-382 pa t37977 l49187 ls858">the </span><span class="pp-class-382 pa t37977 l49188 ls1083">value </span><span class="pp-class-382 pa t37977 l49189 ls103">of </span><span class="pp-class-382 pa t37977 l49190 ls296">customer </span><span class="pp-class-382 pa t37977 l49191 ls2760">relations </span><span class="pp-class-382 pa t37977 l49192 ls1080">or </span><span class="pp-class-382 pa t37977 l49193 ls46774">similar, </span><span class="pp-class-382 pa t37977 l49194 ls806">identified </span><span class="pp-class-382 pa t37977 l49195 ls278">as </span><span class="pp-class-382 pa t36901 l3 ls658">part </span><span class="pp-class-382 pa t36901 l6838 ls103">of </span><span class="pp-class-382 pa t36901 l44486 ls2694">business </span><span class="pp-class-382 pa t36901 l49196 ls2842">combinations, </span><span class="pp-class-382 pa t36901 l49197 ls858">and </span><span class="pp-class-382 pa t36901 l49198 ls1759">which </span><span class="pp-class-382 pa t36901 l49199 ls858">has </span><span class="pp-class-382 pa t36901 l49200 ls238">definite </span><span class="pp-class-382 pa t36901 l49201 ls1941">useful </span><span class="pp-class-382 pa t36901 l49202 ls2854">life. </span><span class="pp-class-382 pa t36901 l49203 ls1759">Other </span><span class="pp-class-382 pa t36901 l49204 ls1101">non-current </span><span class="pp-class-382 pa t36901 l49205 ls1701">intangible </span><span class="pp-class-382 pa t36901 l49206 ls869">assets </span><span class="pp-class-382 pa t36903 l3 ls800">are </span><span class="pp-class-382 pa t36903 l43707 ls8853">measured </span><span class="pp-class-382 pa t36903 l30316 ls1083">at </span><span class="pp-class-382 pa t36903 l49207 ls1323">cost </span><span class="pp-class-382 pa t36903 l49208 ls1323">less </span><span class="pp-class-382 pa t36903 l30715 ls1244">accumulated </span><span class="pp-class-382 pa t36903 l49209 ls238">amortisation </span><span class="pp-class-382 pa t36903 l49210 ls858">and </span><span class="pp-class-382 pa t36903 l49211 ls806">impairment </span><span class="pp-class-382 pa t36903 l49212 ls1237">losses. </span><span class="pp-class-382 pa t36903 l49213 ls238">Amortisation </span><span class="pp-class-382 pa t36903 l49214 ls278">is </span><span class="pp-class-382 pa t36916 l3 ls2970">recognised </span><span class="pp-class-382 pa t36916 l44565 ls1080">on </span><span class="pp-class-382 pa t36916 l49215 ls302">a </span><span class="pp-class-382 pa t36916 l49216 ls1316">straight-line </span><span class="pp-class-382 pa t36916 l46124 ls1759">basis </span><span class="pp-class-382 pa t36916 l49217 ls2671">over </span><span class="pp-class-382 pa t36916 l45955 ls858">the </span><span class="pp-class-382 pa t36916 l49218 ls828">expected </span><span class="pp-class-382 pa t36916 l49219 ls1941">useful </span><span class="pp-class-382 pa t36916 l49220 ls2854">life, </span><span class="pp-class-382 pa t36916 l49221 ls1759">which </span><span class="pp-class-382 pa t36916 l49222 ls2944">normally </span><span class="pp-class-382 pa t36916 l49223 ls1080">is </span><span class="pp-class-382 pa t36916 l49224 ls302">3-5 </span><span class="pp-class-382 pa t36916 l49225 ls2889">years, </span><span class="pp-class-382 pa t36916 l31814 ls1945">except </span><span class="pp-class-382 pa t36920 l3 ls1243">from </span><span class="pp-class-382 pa t36920 l49226 ls296">customer </span><span class="pp-class-382 pa t36920 l49227 ls53">portfolio </span><span class="pp-class-382 pa t36920 l49228 ls1759">which </span><span class="pp-class-382 pa t36920 l49229 ls1080">is </span><span class="pp-class-382 pa t36920 l49230 ls1080">up </span><span class="pp-class-382 pa t36920 l24295 ls1759">to </span><span class="pp-class-382 pa t36920 l49231 ls1080">15 </span><span class="pp-class-382 pa t36920 l49232 ls2142">years.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t38016 l3 ls56">Port </span><span class="pp-class-383 pa t38016 l49233 ls819">concession </span><span class="pp-class-383 pa t38016 l49234 ls1305">rights</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49235 l3 ls99">Port </span><span class="pp-class-382 pa t49235 l26479 ls819">concession </span><span class="pp-class-382 pa t49235 l49236 ls1073">rights </span><span class="pp-class-382 pa t49235 l49237 ls2694">comprise </span><span class="pp-class-382 pa t49235 l24137 ls858">the </span><span class="pp-class-382 pa t49235 l49238 ls1083">value </span><span class="pp-class-382 pa t49235 l49239 ls103">of </span><span class="pp-class-382 pa t49235 l5934 ls1772">access </span><span class="pp-class-382 pa t49235 l44427 ls1759">to </span><span class="pp-class-382 pa t49235 l49240 ls2671">strategically </span><span class="pp-class-382 pa t49235 l49241 ls1772">placed </span><span class="pp-class-382 pa t49235 l43764 ls155">ports </span><span class="pp-class-382 pa t49235 l49242 ls1759">which </span><span class="pp-class-382 pa t49235 l49243 ls1080">is </span><span class="pp-class-382 pa t49235 l49244 ls2113">recognised </span><span class="pp-class-382 pa t38021 l3 ls1083">at </span><span class="pp-class-382 pa t38021 l44213 ls1759">their </span><span class="pp-class-382 pa t38021 l49245 ls3278">fair </span><span class="pp-class-382 pa t38021 l49246 ls1083">value </span><span class="pp-class-382 pa t38021 l49247 ls1083">at </span><span class="pp-class-382 pa t38021 l49248 ls1099">the </span><span class="pp-class-382 pa t38021 l49249 ls1772">acquisition </span><span class="pp-class-382 pa t38021 l49250 ls2688">date. </span><span class="pp-class-382 pa t38021 l49251 ls2760">Acquired </span><span class="pp-class-382 pa t38021 l49252 ls658">port </span><span class="pp-class-382 pa t38021 l49253 ls819">concession </span><span class="pp-class-382 pa t38021 l49254 ls1073">rights </span><span class="pp-class-382 pa t38021 l49255 ls800">are </span><span class="pp-class-382 pa t38021 l49256 ls1257">amortised </span><span class="pp-class-382 pa t38021 l49257 ls2671">over </span><span class="pp-class-382 pa t38021 l49258 ls302">the </span><span class="pp-class-382 pa t38024 l3 ls819">concession </span><span class="pp-class-382 pa t38024 l43266 ls2486">period.</span></p></div></div> <div id="pp-id-5176" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h48688 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls85">3.1.1 </span><span class="pp-class-370 pa t21055 l43638 ls1005">Non-current </span><span class="pp-class-370 pa t21055 l48689 ls90">intangible </span><span class="pp-class-370 pa t21055 l48690 ls37">assets</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l48691"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46189"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46190"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48693 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48693 l48694">Goodwill</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42755 l48695 ls1008">Port </span><span class="pp-class-373 pa t42888 l48696">concession </span><span class="pp-class-373 pa t48693 l48697 ls907">rights </span><span class="pp-class-373 pa t48693 l48698 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l48699">Other </span><span class="pp-class-373 pa t42308 l48700">non- </span><span class="pp-class-373 pa t42755 l48701 ls128">current </span><span class="pp-class-373 pa t42888 l48702 ls37">intangible </span><span class="pp-class-373 pa t48693 l48703 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48693 l48704 ls978">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l48705 ls302">Develop-</span><span class="pp-class-373 pa t42755 l48706 ls96">ment </span><span class="pp-class-373 pa t42888 l48707 ls150">projects </span><span class="pp-class-373 pa t42888 l48708">in </span><span class="pp-class-373 pa t48693 l48709 ls671">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48693 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l3">Cost </span><span class="pp-class-372 pa t48710 l42333 ls2835">at </span><span class="pp-class-372 pa t48710 l48711">1 </span><span class="pp-class-372 pa t48710 l48712 ls1227">January </span><span class="pp-class-372 pa t48710 l48713 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48714 ls3241">5,066</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l42458 ls81">1,214</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48715 ls1073">1,008</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48716 ls728">758</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48717 ls14819">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48718 ls2955">8,063</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l3 ls3310 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t48719 l47769 ls2805 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t48719 l47770 ls7858 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48720 ls16">27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48721">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48722">9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48724">40</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48725 l3 ls704">Addition </span><span class="pp-class-372 pa t48725 l47664">on </span><span class="pp-class-372 pa t48725 l47665 ls37">acquisition </span><span class="pp-class-372 pa t48725 l47666 ls287">of </span><span class="pp-class-372 pa t48726 l3 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48727 ls1859">2,518</span><span class="pp-class-374 pa t48728 l48729">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48731">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48732">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48733 ls276">2,531</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l3 ls704">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48736 ls1080">246</span><span class="pp-class-374 pa t48737 l48738">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48740">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48741">94</span><span class="pp-class-374 pa t48737 l48742">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l47218">342</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48744">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48745">9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48746 ls1077">14</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48731">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48748">98</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48749">-98</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l3">Cost </span><span class="pp-class-373 pa t48750 l30289 ls1323">at </span><span class="pp-class-373 pa t48750 l48751">31 </span><span class="pp-class-373 pa t48750 l17365">December </span><span class="pp-class-373 pa t48750 l48752 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48753 ls48754">7,610</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48755 ls81">1,464</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48756 ls99">1,012</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48757">862</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48758">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48759 ls2688">10,961</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48760 l3 ls287">Amortisation </span><span class="pp-class-372 pa t48760 l42376">and </span><span class="pp-class-372 pa t48760 l46051 ls287">impairment </span><span class="pp-class-372 pa t48761 l3">losses </span><span class="pp-class-372 pa t48761 l48762 ls2835">at </span><span class="pp-class-372 pa t48761 l48763">1 </span><span class="pp-class-372 pa t48761 l11568 ls1227">January </span><span class="pp-class-372 pa t48761 l43651 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48764 ls2835">114</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48765">223</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48766 ls30469">178</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48767">412</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48768">926</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l3 ls3216 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t48769 l47654 ls46774 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t48769 l47655 ls9967 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l31806">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l48770">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l3 ls287">Amortisation </span><span class="pp-class-372 pa t48771 l42376 ls110">charge</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l48772">52</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l48773">82</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l48774 ls2143">76</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l48775 ls278">210</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48744">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48745">9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48777">13</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48778 l3 ls90">Amortisation </span><span class="pp-class-373 pa t48778 l47193">and </span><span class="pp-class-373 pa t48778 l13097 ls287">impairment </span><span class="pp-class-373 pa t48779 l3 ls37">losses </span><span class="pp-class-373 pa t48779 l3301 ls1323">at </span><span class="pp-class-373 pa t48779 l48780">31 </span><span class="pp-class-373 pa t48779 l48781">December </span><span class="pp-class-373 pa t48779 l34146 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l48782">113</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l48783 ls1083">275</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l42460 ls728">257</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l48784">480</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l48785">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l46312">1,125</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48786 l3 ls2548">Carrying </span><span class="pp-class-373 pa t48786 l42889 ls907">amount </span><span class="pp-class-373 pa t48786 l48787 ls1323">at </span><span class="pp-class-373 pa t48788 l3">31 </span><span class="pp-class-373 pa t48788 l48789">December </span><span class="pp-class-373 pa t48788 l48790 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48791 ls48425">7,497</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48792 ls90">1,189</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48793 ls728">755</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48794">382</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48758">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48795 ls2955">9,837</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t48796 l3 ls858">The </span><span class="pp-class-382 pa t48796 l16631 ls1099">carrying </span><span class="pp-class-382 pa t48796 l3695 ls1073">amount </span><span class="pp-class-382 pa t48796 l48797 ls103">of </span><span class="pp-class-382 pa t48796 l48798 ls3278">completed </span><span class="pp-class-382 pa t48796 l48799 ls3377">software </span><span class="pp-class-382 pa t48796 l48800 ls1099">and </span><span class="pp-class-382 pa t48796 l48801 ls852">development </span><span class="pp-class-382 pa t48796 l48802 ls3623">projects </span><span class="pp-class-382 pa t48796 l48803 ls1080">in </span><span class="pp-class-382 pa t48796 l48804 ls3435">progress </span><span class="pp-class-382 pa t48796 l48805 ls1974">primarily </span><span class="pp-class-382 pa t48796 l48806 ls3458">relates </span><span class="pp-class-382 pa t48796 l48807 ls1759">to </span><span class="pp-class-382 pa t48796 l48808 ls12">a </span><span class="pp-class-382 pa t48809 l3 ls3278">Passenger </span><span class="pp-class-382 pa t48809 l48810 ls1237">booking </span><span class="pp-class-382 pa t48809 l47389 ls1868">system, </span><span class="pp-class-382 pa t48809 l48811 ls302">a </span><span class="pp-class-382 pa t48809 l48812 ls3539">Transport </span><span class="pp-class-382 pa t48809 l28246 ls53">Management </span><span class="pp-class-382 pa t48809 l48813 ls1859">System, </span><span class="pp-class-382 pa t48809 l48814 ls1080">an </span><span class="pp-class-382 pa t48809 l48815 ls1150">onboard </span><span class="pp-class-382 pa t48809 l48816 ls1759">sales </span><span class="pp-class-382 pa t48809 l48817 ls1868">system, </span><span class="pp-class-382 pa t48809 l48818 ls1080">an </span><span class="pp-class-382 pa t48809 l48819 ls1099">ERP </span><span class="pp-class-382 pa t48809 l48820 ls1868">system, </span><span class="pp-class-382 pa t48809 l48821 ls302">and </span><span class="pp-class-382 pa t48822 l3 ls728">various </span><span class="pp-class-382 pa t48822 l48823 ls806">digital </span><span class="pp-class-382 pa t48822 l48824 ls2142">products. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t48825 l3 ls1772">For </span><span class="pp-class-382 pa t48825 l44017 ls1148">information </span><span class="pp-class-382 pa t48825 l48826 ls2145">regarding </span><span class="pp-class-382 pa t48825 l48827 ls858">the </span><span class="pp-class-382 pa t48825 l48828 ls806">impairment </span><span class="pp-class-382 pa t48825 l48829 ls1118">tests </span><span class="pp-class-382 pa t48825 l48830 ls715">reference </span><span class="pp-class-382 pa t48825 l48831 ls1080">is </span><span class="pp-class-382 pa t48825 l48832 ls1772">made </span><span class="pp-class-382 pa t48825 l48833 ls1759">to </span><span class="pp-class-382 pa t48825 l48834 ls1859">note </span><span class="pp-class-382 pa t48825 l48835 ls14041">3.1.4.</span></p></div></div><div id="pp-id-5177" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h48836 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l48691"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46189"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46190"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46689">2023 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48837 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48837 l48694">Goodwill</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48838 l48695 ls1008">Port </span><span class="pp-class-373 pa t48839 l48696">concession </span><span class="pp-class-373 pa t48837 l48697 ls907">rights </span><span class="pp-class-373 pa t48837 l48698 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l48699">Other </span><span class="pp-class-373 pa t30329 l48700">non- </span><span class="pp-class-373 pa t48838 l48701 ls128">current </span><span class="pp-class-373 pa t48839 l48702 ls37">intangible </span><span class="pp-class-373 pa t48837 l48703 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48837 l48704 ls978">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l48705 ls302">Develop-</span><span class="pp-class-373 pa t48838 l48706 ls96">ment </span><span class="pp-class-373 pa t48839 l48707 ls150">projects </span><span class="pp-class-373 pa t48839 l48708">in </span><span class="pp-class-373 pa t48837 l48709 ls671">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48837 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l3">Cost </span><span class="pp-class-372 pa t48840 l42333 ls2835">at </span><span class="pp-class-372 pa t48840 l48711">1 </span><span class="pp-class-372 pa t48840 l48712 ls1227">January </span><span class="pp-class-372 pa t48840 l48713">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48841 ls276">4,522</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48842">1,213</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48843 ls110">773</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48844 ls1080">721</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48845">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48846 ls4819">7,241</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l3 ls2848 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t48847 l48848 ls796 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t48847 l48849 ls4279 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l16757 ls302">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l48850">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l48851">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l48852 ls1772">24</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48853 l3 ls704">Addition </span><span class="pp-class-372 pa t48853 l47664">on </span><span class="pp-class-372 pa t48853 l47665 ls37">acquisition </span><span class="pp-class-372 pa t48853 l47666 ls287">of </span><span class="pp-class-372 pa t48854 l3 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48855">528</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48856 ls254">227</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48857">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48858 ls728">762</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l3 ls704">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48860">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48861">82</span><span class="pp-class-374 pa t48862 l48742">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48863">83</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48865">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48866">51</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48867">50</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48869 ls302">79</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48870 ls6330">-77</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l42414">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l3">Cost </span><span class="pp-class-373 pa t48871 l30289 ls1323">at </span><span class="pp-class-373 pa t48871 l48751">31 </span><span class="pp-class-373 pa t48871 l17365">December </span><span class="pp-class-373 pa t48871 l48752">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48872 ls864">5,066</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l46309 ls150">1,214</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48873 ls99">1,008</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48874 ls728">758</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48875 ls48876">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48877 ls852">8,063</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48878 l3 ls287">Amortisation </span><span class="pp-class-372 pa t48878 l42376">and </span><span class="pp-class-372 pa t48878 l46051 ls287">impairment </span><span class="pp-class-372 pa t48879 l3">losses </span><span class="pp-class-372 pa t48879 l48762 ls2835">at </span><span class="pp-class-372 pa t48879 l48763">1 </span><span class="pp-class-372 pa t48879 l11568 ls1227">January </span><span class="pp-class-372 pa t48879 l43651">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48880">115</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48881 ls1080">187</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48882">98</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48883 ls1955">397</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48884 ls1319">797</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l3 ls2970 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t48885 l48886 ls1316 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t48885 l48887 ls1077 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l31806">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l48850">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l48888">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l3 ls287">Amortisation </span><span class="pp-class-372 pa t48889 l42376 ls110">charge</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l48890">35</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l48891 ls728">78</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l48892">64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l42379 ls30469">178</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48865">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48866">51</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48867">50</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l48860">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48895 l3 ls90">Amortisation </span><span class="pp-class-373 pa t48895 l47193">and </span><span class="pp-class-373 pa t48895 l13097 ls287">impairment </span><span class="pp-class-373 pa t48896 l3 ls37">losses </span><span class="pp-class-373 pa t48896 l3301 ls1323">at </span><span class="pp-class-373 pa t48896 l48780">31 </span><span class="pp-class-373 pa t48896 l48781">December </span><span class="pp-class-373 pa t48896 l34146">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48897 ls78">114</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48898">223</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48899 ls12804">178</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48900">412</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48785">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48901">926</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48902 l3 ls2548">Carrying </span><span class="pp-class-373 pa t48902 l42889 ls907">amount </span><span class="pp-class-373 pa t48902 l48787 ls1323">at </span><span class="pp-class-373 pa t48903 l3">31 </span><span class="pp-class-373 pa t48903 l48789">December </span><span class="pp-class-373 pa t48903 l48790">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48904 ls658">4,952</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48905">990</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48906">831</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48907">346</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48875 ls48876">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48908 ls37002">7,136</span></p></td></tr></table></div></div><div id="pp-id-5109" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls884">Reference </span><span class="pp-class-376 pa t3433 l48110 ls128">made </span><span class="pp-class-376 pa t3433 l48909 ls166">to </span><span class="pp-class-376 pa t3439 l3 ls171">note </span><span class="pp-class-376 pa t3439 l48910 ls43192">5.5</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t48911 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3451 l3 ls2970">Relates </span><span class="pp-class-376 pa t3451 l48912 ls1759">to </span><span class="pp-class-376 pa t3451 l48913 ls1080">an </span><span class="pp-class-376 pa t3451 l48914 ls4299">agreement </span><span class="pp-class-376 pa t3453 l3 ls3278">for </span><span class="pp-class-376 pa t3453 l48915 ls302">a </span><span class="pp-class-376 pa t3453 l48916 ls1772">10 </span><span class="pp-class-376 pa t3453 l48917 ls960">year </span><span class="pp-class-376 pa t3453 l48918 ls869">concession </span><span class="pp-class-376 pa t3457 l3 ls1305">right </span><span class="pp-class-376 pa t3457 l48919 ls3278">for </span><span class="pp-class-376 pa t3457 l48920 ls302">a </span><span class="pp-class-376 pa t3457 l30789 ls296">terminal. </span><span class="pp-class-376 pa t3457 l47312 ls302">The </span><span class="pp-class-376 pa t3463 l3 ls1073">amount </span><span class="pp-class-376 pa t3463 l2269 ls1150">was </span><span class="pp-class-376 pa t3463 l48921 ls1101">prepaid </span><span class="pp-class-376 pa t4229 l3 ls1080">in </span><span class="pp-class-376 pa t4229 l29590 ls3377">previous </span><span class="pp-class-376 pa t4229 l48922 ls2142">years </span><span class="pp-class-376 pa t4229 l48923 ls302">and </span><span class="pp-class-376 pa t4234 l3 ls858">has </span><span class="pp-class-376 pa t4234 l48924 ls806">subsequent </span><span class="pp-class-376 pa t4234 l48925 ls302">to </span><span class="pp-class-376 pa t4241 l3 ls858">the </span><span class="pp-class-376 pa t4241 l43824 ls2113">finalisation </span><span class="pp-class-376 pa t4241 l48926 ls103">of </span><span class="pp-class-376 pa t4241 l48927 ls302">the </span><span class="pp-class-376 pa t4246 l3 ls1316">agreement </span><span class="pp-class-376 pa t4246 l48928 ls1323">been </span><span class="pp-class-376 pa t4246 l48929 ls2784">moved </span><span class="pp-class-376 pa t34377 l3 ls1759">to </span><span class="pp-class-376 pa t34377 l29588 ls1101">non-current </span><span class="pp-class-376 pa t34377 l48930 ls2694">intangible </span><span class="pp-class-376 pa t45924 l3 ls187">assets. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t4257 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t4262 l3 ls1974">Primarily </span><span class="pp-class-376 pa t4262 l48931 ls3458">relates </span><span class="pp-class-376 pa t4262 l39207 ls1759">to </span><span class="pp-class-376 pa t4262 l48932 ls302">the </span><span class="pp-class-376 pa t48933 l3 ls728">implementation </span><span class="pp-class-376 pa t48933 l16671 ls103">of </span><span class="pp-class-376 pa t48933 l1394 ls278">an </span><span class="pp-class-376 pa t48934 l3 ls858">ERP </span><span class="pp-class-376 pa t48934 l48935 ls3623">system.</span></p></div></div><div id="pp-id-5178" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h48937 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls85">3.1.1 </span><span class="pp-class-370 pa t21055 l43638 ls1005">Non-current </span><span class="pp-class-370 pa t21055 l48689 ls90">intangible </span><span class="pp-class-370 pa t21055 l48690 ls37">assets</span><span class="pp-class-371 pa t21055 l48938"/><span class="pp-class-371 pa t21055 l48939 ls155">(continued)</span></p><table><tr><td colspan="3" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">Recognised </span><span class="pp-class-372 pa t42302 l37896">goodwill </span><span class="pp-class-372 pa t42302 l48940">is </span><span class="pp-class-372 pa t42302 l48941 ls1259">attributable </span><span class="pp-class-372 pa t42302 l48942 ls166">to </span><span class="pp-class-372 pa t42302 l14831">the </span><span class="pp-class-372 pa t42302 l48943 ls1259">following </span><span class="pp-class-372 pa t42302 l48944">cash </span><span class="pp-class-372 pa t42302 l48945 ls168">generating </span><span class="pp-class-372 pa t42302 l44348">units:</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48946 l3">DKK </span><span class="pp-class-372 pa t48946 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48946 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48946 l48947">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48948 l3 ls910">Ferry:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48949 l3 ls3618">North </span><span class="pp-class-372 pa t48949 l9390 ls1178">Sea, </span><span class="pp-class-372 pa t48949 l48950 ls166">Baltic </span><span class="pp-class-372 pa t48949 l48951">Sea </span><span class="pp-class-372 pa t48949 l48952">and </span><span class="pp-class-372 pa t48949 l48953 ls171">Mediterranean</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48949 l48954 ls6007">3,386</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48949 l48627 ls6007">3,384</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48955 l3 ls134">Strait </span><span class="pp-class-372 pa t48955 l9435 ls287">of </span><span class="pp-class-372 pa t48955 l9436 ls68">Gibraltar</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48955 l45517 ls3362">757</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48955 l48956">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48957 l3">Logistics:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48958 l3">Logistics</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48958 l48959 ls6007">3,354</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48958 l48960 ls276">1,568</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48961 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48961 l46789 ls48425">7,497</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48961 l48962 ls658">4,952</span></p></td></tr></table></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5179" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h48963 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls1271">Non-current </span><span class="pp-class-383 pa t30083 l48964 ls1818">intangible </span><span class="pp-class-383 pa t30083 l48965 ls1073">assets </span><span class="pp-class-383 pa t30083 l48966">- </span><span class="pp-class-383 pa t30083 l48967 ls1759">Other </span><span class="pp-class-383 pa t30083 l48968 ls1323">than </span><span class="pp-class-383 pa t30083 l48969 ls99">goodwill </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4343">Generally, </span><span class="pp-class-382 pa t30087 l48970 ls858">the </span><span class="pp-class-382 pa t30087 l48971 ls4299">following </span><span class="pp-class-382 pa t30087 l48972 ls1237">applies </span><span class="pp-class-382 pa t30087 l43227 ls2486">unless </span><span class="pp-class-382 pa t30087 l48973 ls1077">otherwise </span><span class="pp-class-382 pa t30087 l48974 ls1974">stated:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30098 l3 ls302">• </span><span class="pp-class-382 pa t30098 l1592 ls48975">Assets </span><span class="pp-class-382 pa t30098 l48976 ls800">are </span><span class="pp-class-382 pa t30098 l48977 ls8853">measured </span><span class="pp-class-382 pa t30098 l48978 ls1083">at </span><span class="pp-class-382 pa t30098 l48979 ls1323">cost </span><span class="pp-class-382 pa t30098 l48980 ls1323">less </span><span class="pp-class-382 pa t30098 l48981 ls1244">accumulated </span><span class="pp-class-382 pa t30098 l48982 ls238">amortisation </span><span class="pp-class-382 pa t30098 l48983 ls1099">and </span><span class="pp-class-382 pa t30098 l48984 ls806">impairment </span><span class="pp-class-382 pa t30098 l48985 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls1323">cost </span><span class="pp-class-382 pa t30105 l48988 ls238">includes </span><span class="pp-class-382 pa t30105 l48989 ls1759">costs </span><span class="pp-class-382 pa t30105 l48990 ls1759">to </span><span class="pp-class-382 pa t30105 l48991 ls1083">external </span><span class="pp-class-382 pa t30105 l48992 ls819">suppliers, </span><span class="pp-class-382 pa t30105 l48993 ls3105">materials </span><span class="pp-class-382 pa t30105 l48994 ls858">and </span><span class="pp-class-382 pa t30105 l48995 ls806">components, </span><span class="pp-class-382 pa t30105 l48996 ls2760">direct </span><span class="pp-class-382 pa t30105 l48997 ls3623">wages, </span><span class="pp-class-382 pa t30105 l48998 ls1323">salaries, </span><span class="pp-class-382 pa t30110 l1592 ls858">and </span><span class="pp-class-382 pa t30110 l48999 ls852">interests </span><span class="pp-class-382 pa t30110 l49000 ls1323">paid </span><span class="pp-class-382 pa t30110 l49001 ls1080">as </span><span class="pp-class-382 pa t30110 l49002 ls1243">from </span><span class="pp-class-382 pa t30110 l26451 ls858">the </span><span class="pp-class-382 pa t30110 l49003 ls1323">time </span><span class="pp-class-382 pa t30110 l14934 ls103">of </span><span class="pp-class-382 pa t30110 l22438 ls8853">payment </span><span class="pp-class-382 pa t30110 l49004 ls1305">until </span><span class="pp-class-382 pa t30110 l49005 ls858">the </span><span class="pp-class-382 pa t30110 l49006 ls852">date </span><span class="pp-class-382 pa t30110 l49007 ls1323">when </span><span class="pp-class-382 pa t30110 l49008 ls1099">the </span><span class="pp-class-382 pa t30110 l49009 ls296">asset </span><span class="pp-class-382 pa t30110 l49010 ls1080">is </span><span class="pp-class-382 pa t30110 l49011 ls1316">available </span><span class="pp-class-382 pa t30110 l49012 ls3278">for </span><span class="pp-class-382 pa t30110 l49013 ls4275">use.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls238">assets </span><span class="pp-class-382 pa t37915 l49014 ls800">are </span><span class="pp-class-382 pa t37915 l49015 ls1257">amortised </span><span class="pp-class-382 pa t37915 l49016 ls1080">on </span><span class="pp-class-382 pa t37915 l49017 ls302">a </span><span class="pp-class-382 pa t37915 l49018 ls1316">straight-line </span><span class="pp-class-382 pa t37915 l49019 ls1759">basis </span><span class="pp-class-382 pa t37915 l49020 ls2671">over </span><span class="pp-class-382 pa t37915 l49021 ls858">the </span><span class="pp-class-382 pa t37915 l49022 ls3105">estimated </span><span class="pp-class-382 pa t37915 l49023 ls1941">useful </span><span class="pp-class-382 pa t37915 l49024 ls1150">life.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37930 l3 ls302">• </span><span class="pp-class-382 pa t37930 l1592 ls48986">The </span><span class="pp-class-382 pa t37930 l48987 ls2142">effect </span><span class="pp-class-382 pa t37930 l49025 ls1243">from </span><span class="pp-class-382 pa t37930 l49026 ls1237">changes </span><span class="pp-class-382 pa t37930 l49027 ls1080">in </span><span class="pp-class-382 pa t37930 l49028 ls238">amortisation </span><span class="pp-class-382 pa t37930 l49029 ls2486">period </span><span class="pp-class-382 pa t37930 l49030 ls1080">or </span><span class="pp-class-382 pa t37930 l49031 ls858">the </span><span class="pp-class-382 pa t37930 l49032 ls8853">residual </span><span class="pp-class-382 pa t37930 l49033 ls1083">value </span><span class="pp-class-382 pa t37930 l49034 ls1080">is </span><span class="pp-class-382 pa t37930 l49035 ls2970">recognised </span><span class="pp-class-382 pa t37930 l49036 ls3435">prospectively </span><span class="pp-class-382 pa t37942 l1592 ls1080">as </span><span class="pp-class-382 pa t37942 l49037 ls302">a </span><span class="pp-class-382 pa t37942 l49038 ls2486">change </span><span class="pp-class-382 pa t37942 l49039 ls1080">in </span><span class="pp-class-382 pa t37942 l49040 ls858">the </span><span class="pp-class-382 pa t37942 l49041 ls53">accounting </span><span class="pp-class-382 pa t37942 l49042 ls1083">estimate.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37943 l3 ls1237">Goodwill</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37948 l3 ls10900">At </span><span class="pp-class-382 pa t37948 l49043 ls1237">initial </span><span class="pp-class-382 pa t37948 l49044 ls2142">recognition </span><span class="pp-class-382 pa t37948 l49045 ls2694">goodwill </span><span class="pp-class-382 pa t37948 l49046 ls1080">is </span><span class="pp-class-382 pa t37948 l49047 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49048 ls1080">in </span><span class="pp-class-382 pa t37948 l49049 ls1099">the </span><span class="pp-class-382 pa t37948 l49050 ls1237">balance </span><span class="pp-class-382 pa t37948 l49051 ls296">sheet </span><span class="pp-class-382 pa t37948 l49052 ls1083">at </span><span class="pp-class-382 pa t37948 l49053 ls1110">cost, </span><span class="pp-class-382 pa t37948 l47266 ls1080">as </span><span class="pp-class-382 pa t37948 l49054 ls1073">described </span><span class="pp-class-382 pa t37948 l49055 ls1080">in </span><span class="pp-class-382 pa t37948 l49056 ls1859">note </span><span class="pp-class-382 pa t37948 l49057 ls18364">5.5 </span><span class="pp-class-382 pa t37961 l3 ls2671">‘Business-combinations’. </span><span class="pp-class-382 pa t37961 l49058 ls6791">Subsequently, </span><span class="pp-class-382 pa t37961 l49059 ls2694">goodwill </span><span class="pp-class-382 pa t37961 l49060 ls1080">is </span><span class="pp-class-382 pa t37961 l49061 ls8853">measured </span><span class="pp-class-382 pa t37961 l49062 ls1083">at </span><span class="pp-class-382 pa t37961 l49063 ls1323">cost </span><span class="pp-class-382 pa t37961 l49064 ls1323">less </span><span class="pp-class-382 pa t37961 l49065 ls1244">accumulated </span><span class="pp-class-382 pa t37961 l49066 ls1077">impairment </span><span class="pp-class-382 pa t37974 l3 ls1237">losses. </span><span class="pp-class-382 pa t37974 l49067 ls2694">Goodwill </span><span class="pp-class-382 pa t37974 l49068 ls1080">is </span><span class="pp-class-382 pa t37974 l49069 ls830">not </span><span class="pp-class-382 pa t37974 l30021 ls1126">amortised. </span><span class="pp-class-382 pa t37974 l49070 ls1080">An </span><span class="pp-class-382 pa t37974 l49071 ls806">impairment </span><span class="pp-class-382 pa t37974 l21824 ls1073">test </span><span class="pp-class-382 pa t37974 l20986 ls1080">is </span><span class="pp-class-382 pa t37974 l49072 ls1321">performed </span><span class="pp-class-382 pa t37974 l49073 ls1083">at </span><span class="pp-class-382 pa t37974 l44842 ls1759">least </span><span class="pp-class-382 pa t37974 l18710 ls1323">once </span><span class="pp-class-382 pa t37974 l45659 ls302">a </span><span class="pp-class-382 pa t37974 l49074 ls960">year </span><span class="pp-class-382 pa t37974 l49075 ls3278">together </span><span class="pp-class-382 pa t37974 l49076 ls1955">with </span><span class="pp-class-382 pa t49077 l3 ls296">other </span><span class="pp-class-382 pa t49077 l43926 ls1101">non-current </span><span class="pp-class-382 pa t49077 l49078 ls238">assets </span><span class="pp-class-382 pa t49077 l49079 ls103">of </span><span class="pp-class-382 pa t49077 l49080 ls858">the </span><span class="pp-class-382 pa t49077 l49081 ls2149">Group. </span><span class="pp-class-382 pa t49077 l49082 ls858">The </span><span class="pp-class-382 pa t49077 l49083 ls1099">carrying </span><span class="pp-class-382 pa t49077 l49084 ls1073">amount </span><span class="pp-class-382 pa t49077 l49085 ls103">of </span><span class="pp-class-382 pa t49077 l49086 ls2694">goodwill </span><span class="pp-class-382 pa t49077 l49087 ls1080">is </span><span class="pp-class-382 pa t49077 l49088 ls3105">allocated </span><span class="pp-class-382 pa t49077 l49089 ls1759">to </span><span class="pp-class-382 pa t49077 l25507 ls858">the </span><span class="pp-class-382 pa t49077 l49090 ls715">Group’s </span><span class="pp-class-382 pa t37975 l3 ls2970">cash-generating </span><span class="pp-class-382 pa t37975 l13907 ls1759">units </span><span class="pp-class-382 pa t37975 l49091 ls1083">at </span><span class="pp-class-382 pa t37975 l49092 ls858">the </span><span class="pp-class-382 pa t37975 l39474 ls1323">time </span><span class="pp-class-382 pa t37975 l49093 ls103">of </span><span class="pp-class-382 pa t37975 l49094 ls1772">acquisition.</span></p></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5180" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h49095 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies </span><span class="pp-class-382 pa t838 l30560 ls1326">(continued)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls4279">Development </span><span class="pp-class-383 pa t30083 l49096 ls5039">projects </span><span class="pp-class-383 pa t30083 l49097 ls1080">in </span><span class="pp-class-383 pa t30083 l49098 ls1150">progress</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls852">Development </span><span class="pp-class-382 pa t30087 l49099 ls3623">projects </span><span class="pp-class-382 pa t30087 l6065 ls1080">in </span><span class="pp-class-382 pa t30087 l49100 ls2145">progress, </span><span class="pp-class-382 pa t30087 l49101 ls1974">primarily </span><span class="pp-class-382 pa t30087 l49102 ls852">development </span><span class="pp-class-382 pa t30087 l49103 ls103">of </span><span class="pp-class-382 pa t30087 l49104 ls1080">IT </span><span class="pp-class-382 pa t30087 l49105 ls646">software, </span><span class="pp-class-382 pa t30087 l49106 ls800">are </span><span class="pp-class-382 pa t30087 l49107 ls2970">recognised </span><span class="pp-class-382 pa t30087 l49108 ls1080">as </span><span class="pp-class-382 pa t30087 l49109 ls1099">non-</span><span class="pp-class-382 pa t30093 l3 ls852">current </span><span class="pp-class-382 pa t30093 l46050 ls1701">intangible </span><span class="pp-class-382 pa t30093 l49110 ls238">assets </span><span class="pp-class-382 pa t30093 l29192 ls1080">if </span><span class="pp-class-382 pa t30093 l49111 ls858">the </span><span class="pp-class-382 pa t30093 l49112 ls4299">following </span><span class="pp-class-382 pa t30093 l49113 ls296">criteria </span><span class="pp-class-382 pa t30093 l49114 ls800">are </span><span class="pp-class-382 pa t30093 l49115 ls830">met:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls3623">projects </span><span class="pp-class-382 pa t30105 l49116 ls800">are </span><span class="pp-class-382 pa t30105 l49117 ls1194">clearly </span><span class="pp-class-382 pa t30105 l24249 ls1305">defined </span><span class="pp-class-382 pa t30105 l26926 ls858">and </span><span class="pp-class-382 pa t30105 l49118 ls2489">identifiable.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30110 l3 ls302">• </span><span class="pp-class-382 pa t30110 l1592 ls48986">The </span><span class="pp-class-382 pa t30110 l48987 ls2784">Group </span><span class="pp-class-382 pa t30110 l49119 ls4275">intends </span><span class="pp-class-382 pa t30110 l49120 ls1759">to </span><span class="pp-class-382 pa t30110 l49121 ls858">use </span><span class="pp-class-382 pa t30110 l49122 ls858">the </span><span class="pp-class-382 pa t30110 l49123 ls3623">projects </span><span class="pp-class-382 pa t30110 l3168 ls1323">once </span><span class="pp-class-382 pa t30110 l49124 ls3278">completed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls1083">future </span><span class="pp-class-382 pa t37915 l49125 ls2694">earnings </span><span class="pp-class-382 pa t37915 l49126 ls1243">from </span><span class="pp-class-382 pa t37915 l12960 ls858">the </span><span class="pp-class-382 pa t37915 l49127 ls3623">projects </span><span class="pp-class-382 pa t37915 l49128 ls800">are </span><span class="pp-class-382 pa t37915 l49129 ls828">expected </span><span class="pp-class-382 pa t37915 l49130 ls1759">to </span><span class="pp-class-382 pa t37915 l49131 ls646">cover </span><span class="pp-class-382 pa t37915 l49132 ls1099">the </span><span class="pp-class-382 pa t37915 l49133 ls960">development </span><span class="pp-class-382 pa t37930 l1592 ls858">and </span><span class="pp-class-382 pa t37930 l48999 ls11245">administrative </span><span class="pp-class-382 pa t37930 l49134 ls2486">costs, </span><span class="pp-class-382 pa t37930 l49135 ls1080">and</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37942 l3 ls302">• </span><span class="pp-class-382 pa t37942 l1592 ls48986">The </span><span class="pp-class-382 pa t37942 l48987 ls1759">costs </span><span class="pp-class-382 pa t37942 l49136 ls858">can </span><span class="pp-class-382 pa t37942 l49137 ls1080">be </span><span class="pp-class-382 pa t37942 l49138 ls7858">reliably </span><span class="pp-class-382 pa t37942 l49139 ls8853">measured.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls238">amortisation </span><span class="pp-class-382 pa t37943 l49140 ls103">of </span><span class="pp-class-382 pa t37943 l42770 ls3474">capitalised </span><span class="pp-class-382 pa t37943 l49141 ls852">development </span><span class="pp-class-382 pa t37943 l49142 ls3623">projects </span><span class="pp-class-382 pa t37943 l49143 ls858">starts </span><span class="pp-class-382 pa t37943 l44938 ls2842">after </span><span class="pp-class-382 pa t37943 l49144 ls1099">the </span><span class="pp-class-382 pa t37943 l20742 ls1271">completion </span><span class="pp-class-382 pa t37943 l49145 ls103">of </span><span class="pp-class-382 pa t37943 l49146 ls858">the </span><span class="pp-class-382 pa t37943 l49147 ls960">development </span><span class="pp-class-382 pa t37948 l3 ls2787">project </span><span class="pp-class-382 pa t37948 l49148 ls858">and </span><span class="pp-class-382 pa t37948 l49149 ls1080">is </span><span class="pp-class-382 pa t37948 l49150 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49151 ls1080">on </span><span class="pp-class-382 pa t37948 l17662 ls302">a </span><span class="pp-class-382 pa t37948 l49152 ls1316">straight-line </span><span class="pp-class-382 pa t37948 l49153 ls1759">basis </span><span class="pp-class-382 pa t37948 l49154 ls2671">over </span><span class="pp-class-382 pa t37948 l49155 ls1099">the </span><span class="pp-class-382 pa t37948 l49156 ls828">expected </span><span class="pp-class-382 pa t37948 l49157 ls1941">useful </span><span class="pp-class-382 pa t37948 l49158 ls2854">life, </span><span class="pp-class-382 pa t37948 l49159 ls1759">which </span><span class="pp-class-382 pa t37948 l49160 ls2944">normally </span><span class="pp-class-382 pa t37948 l49161 ls1080">is </span><span class="pp-class-382 pa t37948 l49162 ls332">3-5 </span><span class="pp-class-382 pa t37961 l3 ls2889">years, </span><span class="pp-class-382 pa t37961 l49163 ls858">but </span><span class="pp-class-382 pa t37961 l49164 ls1080">in </span><span class="pp-class-382 pa t37961 l49165 ls99">certain </span><span class="pp-class-382 pa t37961 l49166 ls1759">cases </span><span class="pp-class-382 pa t37961 l49167 ls1080">up </span><span class="pp-class-382 pa t37961 l49168 ls1759">to </span><span class="pp-class-382 pa t37961 l49169 ls1772">10 </span><span class="pp-class-382 pa t37961 l49170 ls2142">years </span><span class="pp-class-382 pa t37961 l49171 ls1323">(the </span><span class="pp-class-382 pa t37961 l49172 ls800">latter </span><span class="pp-class-382 pa t37961 l49173 ls1237">applies </span><span class="pp-class-382 pa t37961 l49174 ls1759">to </span><span class="pp-class-382 pa t37961 l49175 ls806">significant </span><span class="pp-class-382 pa t37961 l49176 ls4305">internally </span><span class="pp-class-382 pa t37961 l49177 ls960">developed </span><span class="pp-class-382 pa t37974 l3 ls2970">commercial </span><span class="pp-class-382 pa t37974 l49178 ls858">and </span><span class="pp-class-382 pa t37974 l49179 ls2944">operational </span><span class="pp-class-382 pa t37974 l49180 ls4305">systems).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37975 l3 ls1759">Other </span><span class="pp-class-383 pa t37975 l49181 ls1271">non-current </span><span class="pp-class-383 pa t37975 l49182 ls1818">intangible </span><span class="pp-class-383 pa t37975 l49183 ls1305">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37977 l3 ls1759">Other </span><span class="pp-class-382 pa t37977 l49184 ls1101">non-current </span><span class="pp-class-382 pa t37977 l49185 ls1701">intangible </span><span class="pp-class-382 pa t37977 l46124 ls238">assets </span><span class="pp-class-382 pa t37977 l49186 ls2694">comprise </span><span class="pp-class-382 pa t37977 l49187 ls858">the </span><span class="pp-class-382 pa t37977 l49188 ls1083">value </span><span class="pp-class-382 pa t37977 l49189 ls103">of </span><span class="pp-class-382 pa t37977 l49190 ls296">customer </span><span class="pp-class-382 pa t37977 l49191 ls2760">relations </span><span class="pp-class-382 pa t37977 l49192 ls1080">or </span><span class="pp-class-382 pa t37977 l49193 ls46774">similar, </span><span class="pp-class-382 pa t37977 l49194 ls806">identified </span><span class="pp-class-382 pa t37977 l49195 ls278">as </span><span class="pp-class-382 pa t36901 l3 ls658">part </span><span class="pp-class-382 pa t36901 l6838 ls103">of </span><span class="pp-class-382 pa t36901 l44486 ls2694">business </span><span class="pp-class-382 pa t36901 l49196 ls2842">combinations, </span><span class="pp-class-382 pa t36901 l49197 ls858">and </span><span class="pp-class-382 pa t36901 l49198 ls1759">which </span><span class="pp-class-382 pa t36901 l49199 ls858">has </span><span class="pp-class-382 pa t36901 l49200 ls238">definite </span><span class="pp-class-382 pa t36901 l49201 ls1941">useful </span><span class="pp-class-382 pa t36901 l49202 ls2854">life. </span><span class="pp-class-382 pa t36901 l49203 ls1759">Other </span><span class="pp-class-382 pa t36901 l49204 ls1101">non-current </span><span class="pp-class-382 pa t36901 l49205 ls1701">intangible </span><span class="pp-class-382 pa t36901 l49206 ls869">assets </span><span class="pp-class-382 pa t36903 l3 ls800">are </span><span class="pp-class-382 pa t36903 l43707 ls8853">measured </span><span class="pp-class-382 pa t36903 l30316 ls1083">at </span><span class="pp-class-382 pa t36903 l49207 ls1323">cost </span><span class="pp-class-382 pa t36903 l49208 ls1323">less </span><span class="pp-class-382 pa t36903 l30715 ls1244">accumulated </span><span class="pp-class-382 pa t36903 l49209 ls238">amortisation </span><span class="pp-class-382 pa t36903 l49210 ls858">and </span><span class="pp-class-382 pa t36903 l49211 ls806">impairment </span><span class="pp-class-382 pa t36903 l49212 ls1237">losses. </span><span class="pp-class-382 pa t36903 l49213 ls238">Amortisation </span><span class="pp-class-382 pa t36903 l49214 ls278">is </span><span class="pp-class-382 pa t36916 l3 ls2970">recognised </span><span class="pp-class-382 pa t36916 l44565 ls1080">on </span><span class="pp-class-382 pa t36916 l49215 ls302">a </span><span class="pp-class-382 pa t36916 l49216 ls1316">straight-line </span><span class="pp-class-382 pa t36916 l46124 ls1759">basis </span><span class="pp-class-382 pa t36916 l49217 ls2671">over </span><span class="pp-class-382 pa t36916 l45955 ls858">the </span><span class="pp-class-382 pa t36916 l49218 ls828">expected </span><span class="pp-class-382 pa t36916 l49219 ls1941">useful </span><span class="pp-class-382 pa t36916 l49220 ls2854">life, </span><span class="pp-class-382 pa t36916 l49221 ls1759">which </span><span class="pp-class-382 pa t36916 l49222 ls2944">normally </span><span class="pp-class-382 pa t36916 l49223 ls1080">is </span><span class="pp-class-382 pa t36916 l49224 ls302">3-5 </span><span class="pp-class-382 pa t36916 l49225 ls2889">years, </span><span class="pp-class-382 pa t36916 l31814 ls1945">except </span><span class="pp-class-382 pa t36920 l3 ls1243">from </span><span class="pp-class-382 pa t36920 l49226 ls296">customer </span><span class="pp-class-382 pa t36920 l49227 ls53">portfolio </span><span class="pp-class-382 pa t36920 l49228 ls1759">which </span><span class="pp-class-382 pa t36920 l49229 ls1080">is </span><span class="pp-class-382 pa t36920 l49230 ls1080">up </span><span class="pp-class-382 pa t36920 l24295 ls1759">to </span><span class="pp-class-382 pa t36920 l49231 ls1080">15 </span><span class="pp-class-382 pa t36920 l49232 ls2142">years.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t38016 l3 ls56">Port </span><span class="pp-class-383 pa t38016 l49233 ls819">concession </span><span class="pp-class-383 pa t38016 l49234 ls1305">rights</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49235 l3 ls99">Port </span><span class="pp-class-382 pa t49235 l26479 ls819">concession </span><span class="pp-class-382 pa t49235 l49236 ls1073">rights </span><span class="pp-class-382 pa t49235 l49237 ls2694">comprise </span><span class="pp-class-382 pa t49235 l24137 ls858">the </span><span class="pp-class-382 pa t49235 l49238 ls1083">value </span><span class="pp-class-382 pa t49235 l49239 ls103">of </span><span class="pp-class-382 pa t49235 l5934 ls1772">access </span><span class="pp-class-382 pa t49235 l44427 ls1759">to </span><span class="pp-class-382 pa t49235 l49240 ls2671">strategically </span><span class="pp-class-382 pa t49235 l49241 ls1772">placed </span><span class="pp-class-382 pa t49235 l43764 ls155">ports </span><span class="pp-class-382 pa t49235 l49242 ls1759">which </span><span class="pp-class-382 pa t49235 l49243 ls1080">is </span><span class="pp-class-382 pa t49235 l49244 ls2113">recognised </span><span class="pp-class-382 pa t38021 l3 ls1083">at </span><span class="pp-class-382 pa t38021 l44213 ls1759">their </span><span class="pp-class-382 pa t38021 l49245 ls3278">fair </span><span class="pp-class-382 pa t38021 l49246 ls1083">value </span><span class="pp-class-382 pa t38021 l49247 ls1083">at </span><span class="pp-class-382 pa t38021 l49248 ls1099">the </span><span class="pp-class-382 pa t38021 l49249 ls1772">acquisition </span><span class="pp-class-382 pa t38021 l49250 ls2688">date. </span><span class="pp-class-382 pa t38021 l49251 ls2760">Acquired </span><span class="pp-class-382 pa t38021 l49252 ls658">port </span><span class="pp-class-382 pa t38021 l49253 ls819">concession </span><span class="pp-class-382 pa t38021 l49254 ls1073">rights </span><span class="pp-class-382 pa t38021 l49255 ls800">are </span><span class="pp-class-382 pa t38021 l49256 ls1257">amortised </span><span class="pp-class-382 pa t38021 l49257 ls2671">over </span><span class="pp-class-382 pa t38021 l49258 ls302">the </span><span class="pp-class-382 pa t38024 l3 ls819">concession </span><span class="pp-class-382 pa t38024 l43266 ls2486">period.</span></p></div></div> <div id="pp-id-5176" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h48688 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls85">3.1.1 </span><span class="pp-class-370 pa t21055 l43638 ls1005">Non-current </span><span class="pp-class-370 pa t21055 l48689 ls90">intangible </span><span class="pp-class-370 pa t21055 l48690 ls37">assets</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l48691"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46189"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46190"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48693 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48693 l48694">Goodwill</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42755 l48695 ls1008">Port </span><span class="pp-class-373 pa t42888 l48696">concession </span><span class="pp-class-373 pa t48693 l48697 ls907">rights </span><span class="pp-class-373 pa t48693 l48698 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l48699">Other </span><span class="pp-class-373 pa t42308 l48700">non- </span><span class="pp-class-373 pa t42755 l48701 ls128">current </span><span class="pp-class-373 pa t42888 l48702 ls37">intangible </span><span class="pp-class-373 pa t48693 l48703 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48693 l48704 ls978">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l48705 ls302">Develop-</span><span class="pp-class-373 pa t42755 l48706 ls96">ment </span><span class="pp-class-373 pa t42888 l48707 ls150">projects </span><span class="pp-class-373 pa t42888 l48708">in </span><span class="pp-class-373 pa t48693 l48709 ls671">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48693 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l3">Cost </span><span class="pp-class-372 pa t48710 l42333 ls2835">at </span><span class="pp-class-372 pa t48710 l48711">1 </span><span class="pp-class-372 pa t48710 l48712 ls1227">January </span><span class="pp-class-372 pa t48710 l48713 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48714 ls3241">5,066</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l42458 ls81">1,214</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48715 ls1073">1,008</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48716 ls728">758</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48717 ls14819">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48710 l48718 ls2955">8,063</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l3 ls3310 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t48719 l47769 ls2805 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t48719 l47770 ls7858 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48720 ls16">27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48721">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48722">9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48719 l48724">40</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48725 l3 ls704">Addition </span><span class="pp-class-372 pa t48725 l47664">on </span><span class="pp-class-372 pa t48725 l47665 ls37">acquisition </span><span class="pp-class-372 pa t48725 l47666 ls287">of </span><span class="pp-class-372 pa t48726 l3 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48727 ls1859">2,518</span><span class="pp-class-374 pa t48728 l48729">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48731">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48732">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48726 l48733 ls276">2,531</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l3 ls704">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48736 ls1080">246</span><span class="pp-class-374 pa t48737 l48738">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48740">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l48741">94</span><span class="pp-class-374 pa t48737 l48742">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48734 l47218">342</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48744">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48745">9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48743 l48746 ls1077">14</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48731">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48748">98</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l48749">-98</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48747 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l3">Cost </span><span class="pp-class-373 pa t48750 l30289 ls1323">at </span><span class="pp-class-373 pa t48750 l48751">31 </span><span class="pp-class-373 pa t48750 l17365">December </span><span class="pp-class-373 pa t48750 l48752 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48753 ls48754">7,610</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48755 ls81">1,464</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48756 ls99">1,012</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48757">862</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48758">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48750 l48759 ls2688">10,961</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48760 l3 ls287">Amortisation </span><span class="pp-class-372 pa t48760 l42376">and </span><span class="pp-class-372 pa t48760 l46051 ls287">impairment </span><span class="pp-class-372 pa t48761 l3">losses </span><span class="pp-class-372 pa t48761 l48762 ls2835">at </span><span class="pp-class-372 pa t48761 l48763">1 </span><span class="pp-class-372 pa t48761 l11568 ls1227">January </span><span class="pp-class-372 pa t48761 l43651 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48764 ls2835">114</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48765">223</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48766 ls30469">178</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48767">412</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48761 l48768">926</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l3 ls3216 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t48769 l47654 ls46774 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t48769 l47655 ls9967 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l31806">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l48770">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48769 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l3 ls287">Amortisation </span><span class="pp-class-372 pa t48771 l42376 ls110">charge</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l48772">52</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l48773">82</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l48774 ls2143">76</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48771 l48775 ls278">210</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48744">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48745">9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48776 l48777">13</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48778 l3 ls90">Amortisation </span><span class="pp-class-373 pa t48778 l47193">and </span><span class="pp-class-373 pa t48778 l13097 ls287">impairment </span><span class="pp-class-373 pa t48779 l3 ls37">losses </span><span class="pp-class-373 pa t48779 l3301 ls1323">at </span><span class="pp-class-373 pa t48779 l48780">31 </span><span class="pp-class-373 pa t48779 l48781">December </span><span class="pp-class-373 pa t48779 l34146 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l48782">113</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l48783 ls1083">275</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l42460 ls728">257</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l48784">480</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l48785">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48779 l46312">1,125</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48786 l3 ls2548">Carrying </span><span class="pp-class-373 pa t48786 l42889 ls907">amount </span><span class="pp-class-373 pa t48786 l48787 ls1323">at </span><span class="pp-class-373 pa t48788 l3">31 </span><span class="pp-class-373 pa t48788 l48789">December </span><span class="pp-class-373 pa t48788 l48790 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48791 ls48425">7,497</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48792 ls90">1,189</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48793 ls728">755</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48794">382</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48758">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48788 l48795 ls2955">9,837</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t48796 l3 ls858">The </span><span class="pp-class-382 pa t48796 l16631 ls1099">carrying </span><span class="pp-class-382 pa t48796 l3695 ls1073">amount </span><span class="pp-class-382 pa t48796 l48797 ls103">of </span><span class="pp-class-382 pa t48796 l48798 ls3278">completed </span><span class="pp-class-382 pa t48796 l48799 ls3377">software </span><span class="pp-class-382 pa t48796 l48800 ls1099">and </span><span class="pp-class-382 pa t48796 l48801 ls852">development </span><span class="pp-class-382 pa t48796 l48802 ls3623">projects </span><span class="pp-class-382 pa t48796 l48803 ls1080">in </span><span class="pp-class-382 pa t48796 l48804 ls3435">progress </span><span class="pp-class-382 pa t48796 l48805 ls1974">primarily </span><span class="pp-class-382 pa t48796 l48806 ls3458">relates </span><span class="pp-class-382 pa t48796 l48807 ls1759">to </span><span class="pp-class-382 pa t48796 l48808 ls12">a </span><span class="pp-class-382 pa t48809 l3 ls3278">Passenger </span><span class="pp-class-382 pa t48809 l48810 ls1237">booking </span><span class="pp-class-382 pa t48809 l47389 ls1868">system, </span><span class="pp-class-382 pa t48809 l48811 ls302">a </span><span class="pp-class-382 pa t48809 l48812 ls3539">Transport </span><span class="pp-class-382 pa t48809 l28246 ls53">Management </span><span class="pp-class-382 pa t48809 l48813 ls1859">System, </span><span class="pp-class-382 pa t48809 l48814 ls1080">an </span><span class="pp-class-382 pa t48809 l48815 ls1150">onboard </span><span class="pp-class-382 pa t48809 l48816 ls1759">sales </span><span class="pp-class-382 pa t48809 l48817 ls1868">system, </span><span class="pp-class-382 pa t48809 l48818 ls1080">an </span><span class="pp-class-382 pa t48809 l48819 ls1099">ERP </span><span class="pp-class-382 pa t48809 l48820 ls1868">system, </span><span class="pp-class-382 pa t48809 l48821 ls302">and </span><span class="pp-class-382 pa t48822 l3 ls728">various </span><span class="pp-class-382 pa t48822 l48823 ls806">digital </span><span class="pp-class-382 pa t48822 l48824 ls2142">products. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t48825 l3 ls1772">For </span><span class="pp-class-382 pa t48825 l44017 ls1148">information </span><span class="pp-class-382 pa t48825 l48826 ls2145">regarding </span><span class="pp-class-382 pa t48825 l48827 ls858">the </span><span class="pp-class-382 pa t48825 l48828 ls806">impairment </span><span class="pp-class-382 pa t48825 l48829 ls1118">tests </span><span class="pp-class-382 pa t48825 l48830 ls715">reference </span><span class="pp-class-382 pa t48825 l48831 ls1080">is </span><span class="pp-class-382 pa t48825 l48832 ls1772">made </span><span class="pp-class-382 pa t48825 l48833 ls1759">to </span><span class="pp-class-382 pa t48825 l48834 ls1859">note </span><span class="pp-class-382 pa t48825 l48835 ls14041">3.1.4.</span></p></div></div><div id="pp-id-5177" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h48836 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l48691"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46189"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46190"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46689">2023 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48837 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48837 l48694">Goodwill</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48838 l48695 ls1008">Port </span><span class="pp-class-373 pa t48839 l48696">concession </span><span class="pp-class-373 pa t48837 l48697 ls907">rights </span><span class="pp-class-373 pa t48837 l48698 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l48699">Other </span><span class="pp-class-373 pa t30329 l48700">non- </span><span class="pp-class-373 pa t48838 l48701 ls128">current </span><span class="pp-class-373 pa t48839 l48702 ls37">intangible </span><span class="pp-class-373 pa t48837 l48703 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48837 l48704 ls978">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l48705 ls302">Develop-</span><span class="pp-class-373 pa t48838 l48706 ls96">ment </span><span class="pp-class-373 pa t48839 l48707 ls150">projects </span><span class="pp-class-373 pa t48839 l48708">in </span><span class="pp-class-373 pa t48837 l48709 ls671">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48837 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l3">Cost </span><span class="pp-class-372 pa t48840 l42333 ls2835">at </span><span class="pp-class-372 pa t48840 l48711">1 </span><span class="pp-class-372 pa t48840 l48712 ls1227">January </span><span class="pp-class-372 pa t48840 l48713">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48841 ls276">4,522</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48842">1,213</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48843 ls110">773</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48844 ls1080">721</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48845">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48840 l48846 ls4819">7,241</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l3 ls2848 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t48847 l48848 ls796 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t48847 l48849 ls4279 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l16757 ls302">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l48850">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l48851">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48847 l48852 ls1772">24</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48853 l3 ls704">Addition </span><span class="pp-class-372 pa t48853 l47664">on </span><span class="pp-class-372 pa t48853 l47665 ls37">acquisition </span><span class="pp-class-372 pa t48853 l47666 ls287">of </span><span class="pp-class-372 pa t48854 l3 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48855">528</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48856 ls254">227</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48857">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48854 l48858 ls728">762</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l3 ls704">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48860">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48861">82</span><span class="pp-class-374 pa t48862 l48742">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48859 l48863">83</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48865">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48866">51</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48864 l48867">50</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48869 ls302">79</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l48870 ls6330">-77</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48868 l42414">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l3">Cost </span><span class="pp-class-373 pa t48871 l30289 ls1323">at </span><span class="pp-class-373 pa t48871 l48751">31 </span><span class="pp-class-373 pa t48871 l17365">December </span><span class="pp-class-373 pa t48871 l48752">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48872 ls864">5,066</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l46309 ls150">1,214</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48873 ls99">1,008</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48874 ls728">758</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48875 ls48876">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48871 l48877 ls852">8,063</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48878 l3 ls287">Amortisation </span><span class="pp-class-372 pa t48878 l42376">and </span><span class="pp-class-372 pa t48878 l46051 ls287">impairment </span><span class="pp-class-372 pa t48879 l3">losses </span><span class="pp-class-372 pa t48879 l48762 ls2835">at </span><span class="pp-class-372 pa t48879 l48763">1 </span><span class="pp-class-372 pa t48879 l11568 ls1227">January </span><span class="pp-class-372 pa t48879 l43651">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48880">115</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48881 ls1080">187</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48882">98</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48883 ls1955">397</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48879 l48884 ls1319">797</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l3 ls2970 wtro3159 wtr1293 tro3160 tr1294">Foreign </span><span class="pp-class-372 pa t48885 l48886 ls1316 wtro3159 wtr1293 tro3160 tr1294">exchange </span><span class="pp-class-372 pa t48885 l48887 ls1077 wtro3159 wtr1293 tro3160 tr1294">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l31806">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l48850">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l48888">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48885 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l3 ls287">Amortisation </span><span class="pp-class-372 pa t48889 l42376 ls110">charge</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l48890">35</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l48891 ls728">78</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l48892">64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48889 l42379 ls30469">178</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48865">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48866">51</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48893 l48867">50</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l48730">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l48860">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48894 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48895 l3 ls90">Amortisation </span><span class="pp-class-373 pa t48895 l47193">and </span><span class="pp-class-373 pa t48895 l13097 ls287">impairment </span><span class="pp-class-373 pa t48896 l3 ls37">losses </span><span class="pp-class-373 pa t48896 l3301 ls1323">at </span><span class="pp-class-373 pa t48896 l48780">31 </span><span class="pp-class-373 pa t48896 l48781">December </span><span class="pp-class-373 pa t48896 l34146">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48897 ls78">114</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48898">223</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48899 ls12804">178</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48900">412</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48785">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48896 l48901">926</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48902 l3 ls2548">Carrying </span><span class="pp-class-373 pa t48902 l42889 ls907">amount </span><span class="pp-class-373 pa t48902 l48787 ls1323">at </span><span class="pp-class-373 pa t48903 l3">31 </span><span class="pp-class-373 pa t48903 l48789">December </span><span class="pp-class-373 pa t48903 l48790">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48904 ls658">4,952</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48905">990</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48906">831</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48907">346</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48875 ls48876">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48903 l48908 ls37002">7,136</span></p></td></tr></table></div></div><div id="pp-id-5109" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls884">Reference </span><span class="pp-class-376 pa t3433 l48110 ls128">made </span><span class="pp-class-376 pa t3433 l48909 ls166">to </span><span class="pp-class-376 pa t3439 l3 ls171">note </span><span class="pp-class-376 pa t3439 l48910 ls43192">5.5</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t48911 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3451 l3 ls2970">Relates </span><span class="pp-class-376 pa t3451 l48912 ls1759">to </span><span class="pp-class-376 pa t3451 l48913 ls1080">an </span><span class="pp-class-376 pa t3451 l48914 ls4299">agreement </span><span class="pp-class-376 pa t3453 l3 ls3278">for </span><span class="pp-class-376 pa t3453 l48915 ls302">a </span><span class="pp-class-376 pa t3453 l48916 ls1772">10 </span><span class="pp-class-376 pa t3453 l48917 ls960">year </span><span class="pp-class-376 pa t3453 l48918 ls869">concession </span><span class="pp-class-376 pa t3457 l3 ls1305">right </span><span class="pp-class-376 pa t3457 l48919 ls3278">for </span><span class="pp-class-376 pa t3457 l48920 ls302">a </span><span class="pp-class-376 pa t3457 l30789 ls296">terminal. </span><span class="pp-class-376 pa t3457 l47312 ls302">The </span><span class="pp-class-376 pa t3463 l3 ls1073">amount </span><span class="pp-class-376 pa t3463 l2269 ls1150">was </span><span class="pp-class-376 pa t3463 l48921 ls1101">prepaid </span><span class="pp-class-376 pa t4229 l3 ls1080">in </span><span class="pp-class-376 pa t4229 l29590 ls3377">previous </span><span class="pp-class-376 pa t4229 l48922 ls2142">years </span><span class="pp-class-376 pa t4229 l48923 ls302">and </span><span class="pp-class-376 pa t4234 l3 ls858">has </span><span class="pp-class-376 pa t4234 l48924 ls806">subsequent </span><span class="pp-class-376 pa t4234 l48925 ls302">to </span><span class="pp-class-376 pa t4241 l3 ls858">the </span><span class="pp-class-376 pa t4241 l43824 ls2113">finalisation </span><span class="pp-class-376 pa t4241 l48926 ls103">of </span><span class="pp-class-376 pa t4241 l48927 ls302">the </span><span class="pp-class-376 pa t4246 l3 ls1316">agreement </span><span class="pp-class-376 pa t4246 l48928 ls1323">been </span><span class="pp-class-376 pa t4246 l48929 ls2784">moved </span><span class="pp-class-376 pa t34377 l3 ls1759">to </span><span class="pp-class-376 pa t34377 l29588 ls1101">non-current </span><span class="pp-class-376 pa t34377 l48930 ls2694">intangible </span><span class="pp-class-376 pa t45924 l3 ls187">assets. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t4257 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t4262 l3 ls1974">Primarily </span><span class="pp-class-376 pa t4262 l48931 ls3458">relates </span><span class="pp-class-376 pa t4262 l39207 ls1759">to </span><span class="pp-class-376 pa t4262 l48932 ls302">the </span><span class="pp-class-376 pa t48933 l3 ls728">implementation </span><span class="pp-class-376 pa t48933 l16671 ls103">of </span><span class="pp-class-376 pa t48933 l1394 ls278">an </span><span class="pp-class-376 pa t48934 l3 ls858">ERP </span><span class="pp-class-376 pa t48934 l48935 ls3623">system.</span></p></div></div><div id="pp-id-5178" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h48937 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls85">3.1.1 </span><span class="pp-class-370 pa t21055 l43638 ls1005">Non-current </span><span class="pp-class-370 pa t21055 l48689 ls90">intangible </span><span class="pp-class-370 pa t21055 l48690 ls37">assets</span><span class="pp-class-371 pa t21055 l48938"/><span class="pp-class-371 pa t21055 l48939 ls155">(continued)</span></p><table><tr><td colspan="3" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">Recognised </span><span class="pp-class-372 pa t42302 l37896">goodwill </span><span class="pp-class-372 pa t42302 l48940">is </span><span class="pp-class-372 pa t42302 l48941 ls1259">attributable </span><span class="pp-class-372 pa t42302 l48942 ls166">to </span><span class="pp-class-372 pa t42302 l14831">the </span><span class="pp-class-372 pa t42302 l48943 ls1259">following </span><span class="pp-class-372 pa t42302 l48944">cash </span><span class="pp-class-372 pa t42302 l48945 ls168">generating </span><span class="pp-class-372 pa t42302 l44348">units:</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48946 l3">DKK </span><span class="pp-class-372 pa t48946 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48946 l42304 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48946 l48947">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48948 l3 ls910">Ferry:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48949 l3 ls3618">North </span><span class="pp-class-372 pa t48949 l9390 ls1178">Sea, </span><span class="pp-class-372 pa t48949 l48950 ls166">Baltic </span><span class="pp-class-372 pa t48949 l48951">Sea </span><span class="pp-class-372 pa t48949 l48952">and </span><span class="pp-class-372 pa t48949 l48953 ls171">Mediterranean</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48949 l48954 ls6007">3,386</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48949 l48627 ls6007">3,384</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48955 l3 ls134">Strait </span><span class="pp-class-372 pa t48955 l9435 ls287">of </span><span class="pp-class-372 pa t48955 l9436 ls68">Gibraltar</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48955 l45517 ls3362">757</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48955 l48956">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48957 l3">Logistics:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48958 l3">Logistics</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48958 l48959 ls6007">3,354</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48958 l48960 ls276">1,568</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48961 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48961 l46789 ls48425">7,497</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48961 l48962 ls658">4,952</span></p></td></tr></table></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5179" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h48963 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls1271">Non-current </span><span class="pp-class-383 pa t30083 l48964 ls1818">intangible </span><span class="pp-class-383 pa t30083 l48965 ls1073">assets </span><span class="pp-class-383 pa t30083 l48966">- </span><span class="pp-class-383 pa t30083 l48967 ls1759">Other </span><span class="pp-class-383 pa t30083 l48968 ls1323">than </span><span class="pp-class-383 pa t30083 l48969 ls99">goodwill </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4343">Generally, </span><span class="pp-class-382 pa t30087 l48970 ls858">the </span><span class="pp-class-382 pa t30087 l48971 ls4299">following </span><span class="pp-class-382 pa t30087 l48972 ls1237">applies </span><span class="pp-class-382 pa t30087 l43227 ls2486">unless </span><span class="pp-class-382 pa t30087 l48973 ls1077">otherwise </span><span class="pp-class-382 pa t30087 l48974 ls1974">stated:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30098 l3 ls302">• </span><span class="pp-class-382 pa t30098 l1592 ls48975">Assets </span><span class="pp-class-382 pa t30098 l48976 ls800">are </span><span class="pp-class-382 pa t30098 l48977 ls8853">measured </span><span class="pp-class-382 pa t30098 l48978 ls1083">at </span><span class="pp-class-382 pa t30098 l48979 ls1323">cost </span><span class="pp-class-382 pa t30098 l48980 ls1323">less </span><span class="pp-class-382 pa t30098 l48981 ls1244">accumulated </span><span class="pp-class-382 pa t30098 l48982 ls238">amortisation </span><span class="pp-class-382 pa t30098 l48983 ls1099">and </span><span class="pp-class-382 pa t30098 l48984 ls806">impairment </span><span class="pp-class-382 pa t30098 l48985 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls1323">cost </span><span class="pp-class-382 pa t30105 l48988 ls238">includes </span><span class="pp-class-382 pa t30105 l48989 ls1759">costs </span><span class="pp-class-382 pa t30105 l48990 ls1759">to </span><span class="pp-class-382 pa t30105 l48991 ls1083">external </span><span class="pp-class-382 pa t30105 l48992 ls819">suppliers, </span><span class="pp-class-382 pa t30105 l48993 ls3105">materials </span><span class="pp-class-382 pa t30105 l48994 ls858">and </span><span class="pp-class-382 pa t30105 l48995 ls806">components, </span><span class="pp-class-382 pa t30105 l48996 ls2760">direct </span><span class="pp-class-382 pa t30105 l48997 ls3623">wages, </span><span class="pp-class-382 pa t30105 l48998 ls1323">salaries, </span><span class="pp-class-382 pa t30110 l1592 ls858">and </span><span class="pp-class-382 pa t30110 l48999 ls852">interests </span><span class="pp-class-382 pa t30110 l49000 ls1323">paid </span><span class="pp-class-382 pa t30110 l49001 ls1080">as </span><span class="pp-class-382 pa t30110 l49002 ls1243">from </span><span class="pp-class-382 pa t30110 l26451 ls858">the </span><span class="pp-class-382 pa t30110 l49003 ls1323">time </span><span class="pp-class-382 pa t30110 l14934 ls103">of </span><span class="pp-class-382 pa t30110 l22438 ls8853">payment </span><span class="pp-class-382 pa t30110 l49004 ls1305">until </span><span class="pp-class-382 pa t30110 l49005 ls858">the </span><span class="pp-class-382 pa t30110 l49006 ls852">date </span><span class="pp-class-382 pa t30110 l49007 ls1323">when </span><span class="pp-class-382 pa t30110 l49008 ls1099">the </span><span class="pp-class-382 pa t30110 l49009 ls296">asset </span><span class="pp-class-382 pa t30110 l49010 ls1080">is </span><span class="pp-class-382 pa t30110 l49011 ls1316">available </span><span class="pp-class-382 pa t30110 l49012 ls3278">for </span><span class="pp-class-382 pa t30110 l49013 ls4275">use.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls238">assets </span><span class="pp-class-382 pa t37915 l49014 ls800">are </span><span class="pp-class-382 pa t37915 l49015 ls1257">amortised </span><span class="pp-class-382 pa t37915 l49016 ls1080">on </span><span class="pp-class-382 pa t37915 l49017 ls302">a </span><span class="pp-class-382 pa t37915 l49018 ls1316">straight-line </span><span class="pp-class-382 pa t37915 l49019 ls1759">basis </span><span class="pp-class-382 pa t37915 l49020 ls2671">over </span><span class="pp-class-382 pa t37915 l49021 ls858">the </span><span class="pp-class-382 pa t37915 l49022 ls3105">estimated </span><span class="pp-class-382 pa t37915 l49023 ls1941">useful </span><span class="pp-class-382 pa t37915 l49024 ls1150">life.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37930 l3 ls302">• </span><span class="pp-class-382 pa t37930 l1592 ls48986">The </span><span class="pp-class-382 pa t37930 l48987 ls2142">effect </span><span class="pp-class-382 pa t37930 l49025 ls1243">from </span><span class="pp-class-382 pa t37930 l49026 ls1237">changes </span><span class="pp-class-382 pa t37930 l49027 ls1080">in </span><span class="pp-class-382 pa t37930 l49028 ls238">amortisation </span><span class="pp-class-382 pa t37930 l49029 ls2486">period </span><span class="pp-class-382 pa t37930 l49030 ls1080">or </span><span class="pp-class-382 pa t37930 l49031 ls858">the </span><span class="pp-class-382 pa t37930 l49032 ls8853">residual </span><span class="pp-class-382 pa t37930 l49033 ls1083">value </span><span class="pp-class-382 pa t37930 l49034 ls1080">is </span><span class="pp-class-382 pa t37930 l49035 ls2970">recognised </span><span class="pp-class-382 pa t37930 l49036 ls3435">prospectively </span><span class="pp-class-382 pa t37942 l1592 ls1080">as </span><span class="pp-class-382 pa t37942 l49037 ls302">a </span><span class="pp-class-382 pa t37942 l49038 ls2486">change </span><span class="pp-class-382 pa t37942 l49039 ls1080">in </span><span class="pp-class-382 pa t37942 l49040 ls858">the </span><span class="pp-class-382 pa t37942 l49041 ls53">accounting </span><span class="pp-class-382 pa t37942 l49042 ls1083">estimate.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37943 l3 ls1237">Goodwill</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37948 l3 ls10900">At </span><span class="pp-class-382 pa t37948 l49043 ls1237">initial </span><span class="pp-class-382 pa t37948 l49044 ls2142">recognition </span><span class="pp-class-382 pa t37948 l49045 ls2694">goodwill </span><span class="pp-class-382 pa t37948 l49046 ls1080">is </span><span class="pp-class-382 pa t37948 l49047 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49048 ls1080">in </span><span class="pp-class-382 pa t37948 l49049 ls1099">the </span><span class="pp-class-382 pa t37948 l49050 ls1237">balance </span><span class="pp-class-382 pa t37948 l49051 ls296">sheet </span><span class="pp-class-382 pa t37948 l49052 ls1083">at </span><span class="pp-class-382 pa t37948 l49053 ls1110">cost, </span><span class="pp-class-382 pa t37948 l47266 ls1080">as </span><span class="pp-class-382 pa t37948 l49054 ls1073">described </span><span class="pp-class-382 pa t37948 l49055 ls1080">in </span><span class="pp-class-382 pa t37948 l49056 ls1859">note </span><span class="pp-class-382 pa t37948 l49057 ls18364">5.5 </span><span class="pp-class-382 pa t37961 l3 ls2671">‘Business-combinations’. </span><span class="pp-class-382 pa t37961 l49058 ls6791">Subsequently, </span><span class="pp-class-382 pa t37961 l49059 ls2694">goodwill </span><span class="pp-class-382 pa t37961 l49060 ls1080">is </span><span class="pp-class-382 pa t37961 l49061 ls8853">measured </span><span class="pp-class-382 pa t37961 l49062 ls1083">at </span><span class="pp-class-382 pa t37961 l49063 ls1323">cost </span><span class="pp-class-382 pa t37961 l49064 ls1323">less </span><span class="pp-class-382 pa t37961 l49065 ls1244">accumulated </span><span class="pp-class-382 pa t37961 l49066 ls1077">impairment </span><span class="pp-class-382 pa t37974 l3 ls1237">losses. </span><span class="pp-class-382 pa t37974 l49067 ls2694">Goodwill </span><span class="pp-class-382 pa t37974 l49068 ls1080">is </span><span class="pp-class-382 pa t37974 l49069 ls830">not </span><span class="pp-class-382 pa t37974 l30021 ls1126">amortised. </span><span class="pp-class-382 pa t37974 l49070 ls1080">An </span><span class="pp-class-382 pa t37974 l49071 ls806">impairment </span><span class="pp-class-382 pa t37974 l21824 ls1073">test </span><span class="pp-class-382 pa t37974 l20986 ls1080">is </span><span class="pp-class-382 pa t37974 l49072 ls1321">performed </span><span class="pp-class-382 pa t37974 l49073 ls1083">at </span><span class="pp-class-382 pa t37974 l44842 ls1759">least </span><span class="pp-class-382 pa t37974 l18710 ls1323">once </span><span class="pp-class-382 pa t37974 l45659 ls302">a </span><span class="pp-class-382 pa t37974 l49074 ls960">year </span><span class="pp-class-382 pa t37974 l49075 ls3278">together </span><span class="pp-class-382 pa t37974 l49076 ls1955">with </span><span class="pp-class-382 pa t49077 l3 ls296">other </span><span class="pp-class-382 pa t49077 l43926 ls1101">non-current </span><span class="pp-class-382 pa t49077 l49078 ls238">assets </span><span class="pp-class-382 pa t49077 l49079 ls103">of </span><span class="pp-class-382 pa t49077 l49080 ls858">the </span><span class="pp-class-382 pa t49077 l49081 ls2149">Group. </span><span class="pp-class-382 pa t49077 l49082 ls858">The </span><span class="pp-class-382 pa t49077 l49083 ls1099">carrying </span><span class="pp-class-382 pa t49077 l49084 ls1073">amount </span><span class="pp-class-382 pa t49077 l49085 ls103">of </span><span class="pp-class-382 pa t49077 l49086 ls2694">goodwill </span><span class="pp-class-382 pa t49077 l49087 ls1080">is </span><span class="pp-class-382 pa t49077 l49088 ls3105">allocated </span><span class="pp-class-382 pa t49077 l49089 ls1759">to </span><span class="pp-class-382 pa t49077 l25507 ls858">the </span><span class="pp-class-382 pa t49077 l49090 ls715">Group’s </span><span class="pp-class-382 pa t37975 l3 ls2970">cash-generating </span><span class="pp-class-382 pa t37975 l13907 ls1759">units </span><span class="pp-class-382 pa t37975 l49091 ls1083">at </span><span class="pp-class-382 pa t37975 l49092 ls858">the </span><span class="pp-class-382 pa t37975 l39474 ls1323">time </span><span class="pp-class-382 pa t37975 l49093 ls103">of </span><span class="pp-class-382 pa t37975 l49094 ls1772">acquisition.</span></p></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5180" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h49095 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies </span><span class="pp-class-382 pa t838 l30560 ls1326">(continued)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls4279">Development </span><span class="pp-class-383 pa t30083 l49096 ls5039">projects </span><span class="pp-class-383 pa t30083 l49097 ls1080">in </span><span class="pp-class-383 pa t30083 l49098 ls1150">progress</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls852">Development </span><span class="pp-class-382 pa t30087 l49099 ls3623">projects </span><span class="pp-class-382 pa t30087 l6065 ls1080">in </span><span class="pp-class-382 pa t30087 l49100 ls2145">progress, </span><span class="pp-class-382 pa t30087 l49101 ls1974">primarily </span><span class="pp-class-382 pa t30087 l49102 ls852">development </span><span class="pp-class-382 pa t30087 l49103 ls103">of </span><span class="pp-class-382 pa t30087 l49104 ls1080">IT </span><span class="pp-class-382 pa t30087 l49105 ls646">software, </span><span class="pp-class-382 pa t30087 l49106 ls800">are </span><span class="pp-class-382 pa t30087 l49107 ls2970">recognised </span><span class="pp-class-382 pa t30087 l49108 ls1080">as </span><span class="pp-class-382 pa t30087 l49109 ls1099">non-</span><span class="pp-class-382 pa t30093 l3 ls852">current </span><span class="pp-class-382 pa t30093 l46050 ls1701">intangible </span><span class="pp-class-382 pa t30093 l49110 ls238">assets </span><span class="pp-class-382 pa t30093 l29192 ls1080">if </span><span class="pp-class-382 pa t30093 l49111 ls858">the </span><span class="pp-class-382 pa t30093 l49112 ls4299">following </span><span class="pp-class-382 pa t30093 l49113 ls296">criteria </span><span class="pp-class-382 pa t30093 l49114 ls800">are </span><span class="pp-class-382 pa t30093 l49115 ls830">met:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls3623">projects </span><span class="pp-class-382 pa t30105 l49116 ls800">are </span><span class="pp-class-382 pa t30105 l49117 ls1194">clearly </span><span class="pp-class-382 pa t30105 l24249 ls1305">defined </span><span class="pp-class-382 pa t30105 l26926 ls858">and </span><span class="pp-class-382 pa t30105 l49118 ls2489">identifiable.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30110 l3 ls302">• </span><span class="pp-class-382 pa t30110 l1592 ls48986">The </span><span class="pp-class-382 pa t30110 l48987 ls2784">Group </span><span class="pp-class-382 pa t30110 l49119 ls4275">intends </span><span class="pp-class-382 pa t30110 l49120 ls1759">to </span><span class="pp-class-382 pa t30110 l49121 ls858">use </span><span class="pp-class-382 pa t30110 l49122 ls858">the </span><span class="pp-class-382 pa t30110 l49123 ls3623">projects </span><span class="pp-class-382 pa t30110 l3168 ls1323">once </span><span class="pp-class-382 pa t30110 l49124 ls3278">completed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls1083">future </span><span class="pp-class-382 pa t37915 l49125 ls2694">earnings </span><span class="pp-class-382 pa t37915 l49126 ls1243">from </span><span class="pp-class-382 pa t37915 l12960 ls858">the </span><span class="pp-class-382 pa t37915 l49127 ls3623">projects </span><span class="pp-class-382 pa t37915 l49128 ls800">are </span><span class="pp-class-382 pa t37915 l49129 ls828">expected </span><span class="pp-class-382 pa t37915 l49130 ls1759">to </span><span class="pp-class-382 pa t37915 l49131 ls646">cover </span><span class="pp-class-382 pa t37915 l49132 ls1099">the </span><span class="pp-class-382 pa t37915 l49133 ls960">development </span><span class="pp-class-382 pa t37930 l1592 ls858">and </span><span class="pp-class-382 pa t37930 l48999 ls11245">administrative </span><span class="pp-class-382 pa t37930 l49134 ls2486">costs, </span><span class="pp-class-382 pa t37930 l49135 ls1080">and</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37942 l3 ls302">• </span><span class="pp-class-382 pa t37942 l1592 ls48986">The </span><span class="pp-class-382 pa t37942 l48987 ls1759">costs </span><span class="pp-class-382 pa t37942 l49136 ls858">can </span><span class="pp-class-382 pa t37942 l49137 ls1080">be </span><span class="pp-class-382 pa t37942 l49138 ls7858">reliably </span><span class="pp-class-382 pa t37942 l49139 ls8853">measured.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls238">amortisation </span><span class="pp-class-382 pa t37943 l49140 ls103">of </span><span class="pp-class-382 pa t37943 l42770 ls3474">capitalised </span><span class="pp-class-382 pa t37943 l49141 ls852">development </span><span class="pp-class-382 pa t37943 l49142 ls3623">projects </span><span class="pp-class-382 pa t37943 l49143 ls858">starts </span><span class="pp-class-382 pa t37943 l44938 ls2842">after </span><span class="pp-class-382 pa t37943 l49144 ls1099">the </span><span class="pp-class-382 pa t37943 l20742 ls1271">completion </span><span class="pp-class-382 pa t37943 l49145 ls103">of </span><span class="pp-class-382 pa t37943 l49146 ls858">the </span><span class="pp-class-382 pa t37943 l49147 ls960">development </span><span class="pp-class-382 pa t37948 l3 ls2787">project </span><span class="pp-class-382 pa t37948 l49148 ls858">and </span><span class="pp-class-382 pa t37948 l49149 ls1080">is </span><span class="pp-class-382 pa t37948 l49150 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49151 ls1080">on </span><span class="pp-class-382 pa t37948 l17662 ls302">a </span><span class="pp-class-382 pa t37948 l49152 ls1316">straight-line </span><span class="pp-class-382 pa t37948 l49153 ls1759">basis </span><span class="pp-class-382 pa t37948 l49154 ls2671">over </span><span class="pp-class-382 pa t37948 l49155 ls1099">the </span><span class="pp-class-382 pa t37948 l49156 ls828">expected </span><span class="pp-class-382 pa t37948 l49157 ls1941">useful </span><span class="pp-class-382 pa t37948 l49158 ls2854">life, </span><span class="pp-class-382 pa t37948 l49159 ls1759">which </span><span class="pp-class-382 pa t37948 l49160 ls2944">normally </span><span class="pp-class-382 pa t37948 l49161 ls1080">is </span><span class="pp-class-382 pa t37948 l49162 ls332">3-5 </span><span class="pp-class-382 pa t37961 l3 ls2889">years, </span><span class="pp-class-382 pa t37961 l49163 ls858">but </span><span class="pp-class-382 pa t37961 l49164 ls1080">in </span><span class="pp-class-382 pa t37961 l49165 ls99">certain </span><span class="pp-class-382 pa t37961 l49166 ls1759">cases </span><span class="pp-class-382 pa t37961 l49167 ls1080">up </span><span class="pp-class-382 pa t37961 l49168 ls1759">to </span><span class="pp-class-382 pa t37961 l49169 ls1772">10 </span><span class="pp-class-382 pa t37961 l49170 ls2142">years </span><span class="pp-class-382 pa t37961 l49171 ls1323">(the </span><span class="pp-class-382 pa t37961 l49172 ls800">latter </span><span class="pp-class-382 pa t37961 l49173 ls1237">applies </span><span class="pp-class-382 pa t37961 l49174 ls1759">to </span><span class="pp-class-382 pa t37961 l49175 ls806">significant </span><span class="pp-class-382 pa t37961 l49176 ls4305">internally </span><span class="pp-class-382 pa t37961 l49177 ls960">developed </span><span class="pp-class-382 pa t37974 l3 ls2970">commercial </span><span class="pp-class-382 pa t37974 l49178 ls858">and </span><span class="pp-class-382 pa t37974 l49179 ls2944">operational </span><span class="pp-class-382 pa t37974 l49180 ls4305">systems).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37975 l3 ls1759">Other </span><span class="pp-class-383 pa t37975 l49181 ls1271">non-current </span><span class="pp-class-383 pa t37975 l49182 ls1818">intangible </span><span class="pp-class-383 pa t37975 l49183 ls1305">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37977 l3 ls1759">Other </span><span class="pp-class-382 pa t37977 l49184 ls1101">non-current </span><span class="pp-class-382 pa t37977 l49185 ls1701">intangible </span><span class="pp-class-382 pa t37977 l46124 ls238">assets </span><span class="pp-class-382 pa t37977 l49186 ls2694">comprise </span><span class="pp-class-382 pa t37977 l49187 ls858">the </span><span class="pp-class-382 pa t37977 l49188 ls1083">value </span><span class="pp-class-382 pa t37977 l49189 ls103">of </span><span class="pp-class-382 pa t37977 l49190 ls296">customer </span><span class="pp-class-382 pa t37977 l49191 ls2760">relations </span><span class="pp-class-382 pa t37977 l49192 ls1080">or </span><span class="pp-class-382 pa t37977 l49193 ls46774">similar, </span><span class="pp-class-382 pa t37977 l49194 ls806">identified </span><span class="pp-class-382 pa t37977 l49195 ls278">as </span><span class="pp-class-382 pa t36901 l3 ls658">part </span><span class="pp-class-382 pa t36901 l6838 ls103">of </span><span class="pp-class-382 pa t36901 l44486 ls2694">business </span><span class="pp-class-382 pa t36901 l49196 ls2842">combinations, </span><span class="pp-class-382 pa t36901 l49197 ls858">and </span><span class="pp-class-382 pa t36901 l49198 ls1759">which </span><span class="pp-class-382 pa t36901 l49199 ls858">has </span><span class="pp-class-382 pa t36901 l49200 ls238">definite </span><span class="pp-class-382 pa t36901 l49201 ls1941">useful </span><span class="pp-class-382 pa t36901 l49202 ls2854">life. </span><span class="pp-class-382 pa t36901 l49203 ls1759">Other </span><span class="pp-class-382 pa t36901 l49204 ls1101">non-current </span><span class="pp-class-382 pa t36901 l49205 ls1701">intangible </span><span class="pp-class-382 pa t36901 l49206 ls869">assets </span><span class="pp-class-382 pa t36903 l3 ls800">are </span><span class="pp-class-382 pa t36903 l43707 ls8853">measured </span><span class="pp-class-382 pa t36903 l30316 ls1083">at </span><span class="pp-class-382 pa t36903 l49207 ls1323">cost </span><span class="pp-class-382 pa t36903 l49208 ls1323">less </span><span class="pp-class-382 pa t36903 l30715 ls1244">accumulated </span><span class="pp-class-382 pa t36903 l49209 ls238">amortisation </span><span class="pp-class-382 pa t36903 l49210 ls858">and </span><span class="pp-class-382 pa t36903 l49211 ls806">impairment </span><span class="pp-class-382 pa t36903 l49212 ls1237">losses. </span><span class="pp-class-382 pa t36903 l49213 ls238">Amortisation </span><span class="pp-class-382 pa t36903 l49214 ls278">is </span><span class="pp-class-382 pa t36916 l3 ls2970">recognised </span><span class="pp-class-382 pa t36916 l44565 ls1080">on </span><span class="pp-class-382 pa t36916 l49215 ls302">a </span><span class="pp-class-382 pa t36916 l49216 ls1316">straight-line </span><span class="pp-class-382 pa t36916 l46124 ls1759">basis </span><span class="pp-class-382 pa t36916 l49217 ls2671">over </span><span class="pp-class-382 pa t36916 l45955 ls858">the </span><span class="pp-class-382 pa t36916 l49218 ls828">expected </span><span class="pp-class-382 pa t36916 l49219 ls1941">useful </span><span class="pp-class-382 pa t36916 l49220 ls2854">life, </span><span class="pp-class-382 pa t36916 l49221 ls1759">which </span><span class="pp-class-382 pa t36916 l49222 ls2944">normally </span><span class="pp-class-382 pa t36916 l49223 ls1080">is </span><span class="pp-class-382 pa t36916 l49224 ls302">3-5 </span><span class="pp-class-382 pa t36916 l49225 ls2889">years, </span><span class="pp-class-382 pa t36916 l31814 ls1945">except </span><span class="pp-class-382 pa t36920 l3 ls1243">from </span><span class="pp-class-382 pa t36920 l49226 ls296">customer </span><span class="pp-class-382 pa t36920 l49227 ls53">portfolio </span><span class="pp-class-382 pa t36920 l49228 ls1759">which </span><span class="pp-class-382 pa t36920 l49229 ls1080">is </span><span class="pp-class-382 pa t36920 l49230 ls1080">up </span><span class="pp-class-382 pa t36920 l24295 ls1759">to </span><span class="pp-class-382 pa t36920 l49231 ls1080">15 </span><span class="pp-class-382 pa t36920 l49232 ls2142">years.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t38016 l3 ls56">Port </span><span class="pp-class-383 pa t38016 l49233 ls819">concession </span><span class="pp-class-383 pa t38016 l49234 ls1305">rights</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49235 l3 ls99">Port </span><span class="pp-class-382 pa t49235 l26479 ls819">concession </span><span class="pp-class-382 pa t49235 l49236 ls1073">rights </span><span class="pp-class-382 pa t49235 l49237 ls2694">comprise </span><span class="pp-class-382 pa t49235 l24137 ls858">the </span><span class="pp-class-382 pa t49235 l49238 ls1083">value </span><span class="pp-class-382 pa t49235 l49239 ls103">of </span><span class="pp-class-382 pa t49235 l5934 ls1772">access </span><span class="pp-class-382 pa t49235 l44427 ls1759">to </span><span class="pp-class-382 pa t49235 l49240 ls2671">strategically </span><span class="pp-class-382 pa t49235 l49241 ls1772">placed </span><span class="pp-class-382 pa t49235 l43764 ls155">ports </span><span class="pp-class-382 pa t49235 l49242 ls1759">which </span><span class="pp-class-382 pa t49235 l49243 ls1080">is </span><span class="pp-class-382 pa t49235 l49244 ls2113">recognised </span><span class="pp-class-382 pa t38021 l3 ls1083">at </span><span class="pp-class-382 pa t38021 l44213 ls1759">their </span><span class="pp-class-382 pa t38021 l49245 ls3278">fair </span><span class="pp-class-382 pa t38021 l49246 ls1083">value </span><span class="pp-class-382 pa t38021 l49247 ls1083">at </span><span class="pp-class-382 pa t38021 l49248 ls1099">the </span><span class="pp-class-382 pa t38021 l49249 ls1772">acquisition </span><span class="pp-class-382 pa t38021 l49250 ls2688">date. </span><span class="pp-class-382 pa t38021 l49251 ls2760">Acquired </span><span class="pp-class-382 pa t38021 l49252 ls658">port </span><span class="pp-class-382 pa t38021 l49253 ls819">concession </span><span class="pp-class-382 pa t38021 l49254 ls1073">rights </span><span class="pp-class-382 pa t38021 l49255 ls800">are </span><span class="pp-class-382 pa t38021 l49256 ls1257">amortised </span><span class="pp-class-382 pa t38021 l49257 ls2671">over </span><span class="pp-class-382 pa t38021 l49258 ls302">the </span><span class="pp-class-382 pa t38024 l3 ls819">concession </span><span class="pp-class-382 pa t38024 l43266 ls2486">period.</span></p></div></div> <div class="pp-class-363 pp-class-395" id="pp-id-5179" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h48963 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls1271">Non-current </span><span class="pp-class-383 pa t30083 l48964 ls1818">intangible </span><span class="pp-class-383 pa t30083 l48965 ls1073">assets </span><span class="pp-class-383 pa t30083 l48966">- </span><span class="pp-class-383 pa t30083 l48967 ls1759">Other </span><span class="pp-class-383 pa t30083 l48968 ls1323">than </span><span class="pp-class-383 pa t30083 l48969 ls99">goodwill </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4343">Generally, </span><span class="pp-class-382 pa t30087 l48970 ls858">the </span><span class="pp-class-382 pa t30087 l48971 ls4299">following </span><span class="pp-class-382 pa t30087 l48972 ls1237">applies </span><span class="pp-class-382 pa t30087 l43227 ls2486">unless </span><span class="pp-class-382 pa t30087 l48973 ls1077">otherwise </span><span class="pp-class-382 pa t30087 l48974 ls1974">stated:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30098 l3 ls302">• </span><span class="pp-class-382 pa t30098 l1592 ls48975">Assets </span><span class="pp-class-382 pa t30098 l48976 ls800">are </span><span class="pp-class-382 pa t30098 l48977 ls8853">measured </span><span class="pp-class-382 pa t30098 l48978 ls1083">at </span><span class="pp-class-382 pa t30098 l48979 ls1323">cost </span><span class="pp-class-382 pa t30098 l48980 ls1323">less </span><span class="pp-class-382 pa t30098 l48981 ls1244">accumulated </span><span class="pp-class-382 pa t30098 l48982 ls238">amortisation </span><span class="pp-class-382 pa t30098 l48983 ls1099">and </span><span class="pp-class-382 pa t30098 l48984 ls806">impairment </span><span class="pp-class-382 pa t30098 l48985 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls1323">cost </span><span class="pp-class-382 pa t30105 l48988 ls238">includes </span><span class="pp-class-382 pa t30105 l48989 ls1759">costs </span><span class="pp-class-382 pa t30105 l48990 ls1759">to </span><span class="pp-class-382 pa t30105 l48991 ls1083">external </span><span class="pp-class-382 pa t30105 l48992 ls819">suppliers, </span><span class="pp-class-382 pa t30105 l48993 ls3105">materials </span><span class="pp-class-382 pa t30105 l48994 ls858">and </span><span class="pp-class-382 pa t30105 l48995 ls806">components, </span><span class="pp-class-382 pa t30105 l48996 ls2760">direct </span><span class="pp-class-382 pa t30105 l48997 ls3623">wages, </span><span class="pp-class-382 pa t30105 l48998 ls1323">salaries, </span><span class="pp-class-382 pa t30110 l1592 ls858">and </span><span class="pp-class-382 pa t30110 l48999 ls852">interests </span><span class="pp-class-382 pa t30110 l49000 ls1323">paid </span><span class="pp-class-382 pa t30110 l49001 ls1080">as </span><span class="pp-class-382 pa t30110 l49002 ls1243">from </span><span class="pp-class-382 pa t30110 l26451 ls858">the </span><span class="pp-class-382 pa t30110 l49003 ls1323">time </span><span class="pp-class-382 pa t30110 l14934 ls103">of </span><span class="pp-class-382 pa t30110 l22438 ls8853">payment </span><span class="pp-class-382 pa t30110 l49004 ls1305">until </span><span class="pp-class-382 pa t30110 l49005 ls858">the </span><span class="pp-class-382 pa t30110 l49006 ls852">date </span><span class="pp-class-382 pa t30110 l49007 ls1323">when </span><span class="pp-class-382 pa t30110 l49008 ls1099">the </span><span class="pp-class-382 pa t30110 l49009 ls296">asset </span><span class="pp-class-382 pa t30110 l49010 ls1080">is </span><span class="pp-class-382 pa t30110 l49011 ls1316">available </span><span class="pp-class-382 pa t30110 l49012 ls3278">for </span><span class="pp-class-382 pa t30110 l49013 ls4275">use.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls238">assets </span><span class="pp-class-382 pa t37915 l49014 ls800">are </span><span class="pp-class-382 pa t37915 l49015 ls1257">amortised </span><span class="pp-class-382 pa t37915 l49016 ls1080">on </span><span class="pp-class-382 pa t37915 l49017 ls302">a </span><span class="pp-class-382 pa t37915 l49018 ls1316">straight-line </span><span class="pp-class-382 pa t37915 l49019 ls1759">basis </span><span class="pp-class-382 pa t37915 l49020 ls2671">over </span><span class="pp-class-382 pa t37915 l49021 ls858">the </span><span class="pp-class-382 pa t37915 l49022 ls3105">estimated </span><span class="pp-class-382 pa t37915 l49023 ls1941">useful </span><span class="pp-class-382 pa t37915 l49024 ls1150">life.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37930 l3 ls302">• </span><span class="pp-class-382 pa t37930 l1592 ls48986">The </span><span class="pp-class-382 pa t37930 l48987 ls2142">effect </span><span class="pp-class-382 pa t37930 l49025 ls1243">from </span><span class="pp-class-382 pa t37930 l49026 ls1237">changes </span><span class="pp-class-382 pa t37930 l49027 ls1080">in </span><span class="pp-class-382 pa t37930 l49028 ls238">amortisation </span><span class="pp-class-382 pa t37930 l49029 ls2486">period </span><span class="pp-class-382 pa t37930 l49030 ls1080">or </span><span class="pp-class-382 pa t37930 l49031 ls858">the </span><span class="pp-class-382 pa t37930 l49032 ls8853">residual </span><span class="pp-class-382 pa t37930 l49033 ls1083">value </span><span class="pp-class-382 pa t37930 l49034 ls1080">is </span><span class="pp-class-382 pa t37930 l49035 ls2970">recognised </span><span class="pp-class-382 pa t37930 l49036 ls3435">prospectively </span><span class="pp-class-382 pa t37942 l1592 ls1080">as </span><span class="pp-class-382 pa t37942 l49037 ls302">a </span><span class="pp-class-382 pa t37942 l49038 ls2486">change </span><span class="pp-class-382 pa t37942 l49039 ls1080">in </span><span class="pp-class-382 pa t37942 l49040 ls858">the </span><span class="pp-class-382 pa t37942 l49041 ls53">accounting </span><span class="pp-class-382 pa t37942 l49042 ls1083">estimate.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37943 l3 ls1237">Goodwill</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37948 l3 ls10900">At </span><span class="pp-class-382 pa t37948 l49043 ls1237">initial </span><span class="pp-class-382 pa t37948 l49044 ls2142">recognition </span><span class="pp-class-382 pa t37948 l49045 ls2694">goodwill </span><span class="pp-class-382 pa t37948 l49046 ls1080">is </span><span class="pp-class-382 pa t37948 l49047 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49048 ls1080">in </span><span class="pp-class-382 pa t37948 l49049 ls1099">the </span><span class="pp-class-382 pa t37948 l49050 ls1237">balance </span><span class="pp-class-382 pa t37948 l49051 ls296">sheet </span><span class="pp-class-382 pa t37948 l49052 ls1083">at </span><span class="pp-class-382 pa t37948 l49053 ls1110">cost, </span><span class="pp-class-382 pa t37948 l47266 ls1080">as </span><span class="pp-class-382 pa t37948 l49054 ls1073">described </span><span class="pp-class-382 pa t37948 l49055 ls1080">in </span><span class="pp-class-382 pa t37948 l49056 ls1859">note </span><span class="pp-class-382 pa t37948 l49057 ls18364">5.5 </span><span class="pp-class-382 pa t37961 l3 ls2671">‘Business-combinations’. </span><span class="pp-class-382 pa t37961 l49058 ls6791">Subsequently, </span><span class="pp-class-382 pa t37961 l49059 ls2694">goodwill </span><span class="pp-class-382 pa t37961 l49060 ls1080">is </span><span class="pp-class-382 pa t37961 l49061 ls8853">measured </span><span class="pp-class-382 pa t37961 l49062 ls1083">at </span><span class="pp-class-382 pa t37961 l49063 ls1323">cost </span><span class="pp-class-382 pa t37961 l49064 ls1323">less </span><span class="pp-class-382 pa t37961 l49065 ls1244">accumulated </span><span class="pp-class-382 pa t37961 l49066 ls1077">impairment </span><span class="pp-class-382 pa t37974 l3 ls1237">losses. </span><span class="pp-class-382 pa t37974 l49067 ls2694">Goodwill </span><span class="pp-class-382 pa t37974 l49068 ls1080">is </span><span class="pp-class-382 pa t37974 l49069 ls830">not </span><span class="pp-class-382 pa t37974 l30021 ls1126">amortised. </span><span class="pp-class-382 pa t37974 l49070 ls1080">An </span><span class="pp-class-382 pa t37974 l49071 ls806">impairment </span><span class="pp-class-382 pa t37974 l21824 ls1073">test </span><span class="pp-class-382 pa t37974 l20986 ls1080">is </span><span class="pp-class-382 pa t37974 l49072 ls1321">performed </span><span class="pp-class-382 pa t37974 l49073 ls1083">at </span><span class="pp-class-382 pa t37974 l44842 ls1759">least </span><span class="pp-class-382 pa t37974 l18710 ls1323">once </span><span class="pp-class-382 pa t37974 l45659 ls302">a </span><span class="pp-class-382 pa t37974 l49074 ls960">year </span><span class="pp-class-382 pa t37974 l49075 ls3278">together </span><span class="pp-class-382 pa t37974 l49076 ls1955">with </span><span class="pp-class-382 pa t49077 l3 ls296">other </span><span class="pp-class-382 pa t49077 l43926 ls1101">non-current </span><span class="pp-class-382 pa t49077 l49078 ls238">assets </span><span class="pp-class-382 pa t49077 l49079 ls103">of </span><span class="pp-class-382 pa t49077 l49080 ls858">the </span><span class="pp-class-382 pa t49077 l49081 ls2149">Group. </span><span class="pp-class-382 pa t49077 l49082 ls858">The </span><span class="pp-class-382 pa t49077 l49083 ls1099">carrying </span><span class="pp-class-382 pa t49077 l49084 ls1073">amount </span><span class="pp-class-382 pa t49077 l49085 ls103">of </span><span class="pp-class-382 pa t49077 l49086 ls2694">goodwill </span><span class="pp-class-382 pa t49077 l49087 ls1080">is </span><span class="pp-class-382 pa t49077 l49088 ls3105">allocated </span><span class="pp-class-382 pa t49077 l49089 ls1759">to </span><span class="pp-class-382 pa t49077 l25507 ls858">the </span><span class="pp-class-382 pa t49077 l49090 ls715">Group’s </span><span class="pp-class-382 pa t37975 l3 ls2970">cash-generating </span><span class="pp-class-382 pa t37975 l13907 ls1759">units </span><span class="pp-class-382 pa t37975 l49091 ls1083">at </span><span class="pp-class-382 pa t37975 l49092 ls858">the </span><span class="pp-class-382 pa t37975 l39474 ls1323">time </span><span class="pp-class-382 pa t37975 l49093 ls103">of </span><span class="pp-class-382 pa t37975 l49094 ls1772">acquisition.</span></p></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5180" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h49095 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies </span><span class="pp-class-382 pa t838 l30560 ls1326">(continued)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls4279">Development </span><span class="pp-class-383 pa t30083 l49096 ls5039">projects </span><span class="pp-class-383 pa t30083 l49097 ls1080">in </span><span class="pp-class-383 pa t30083 l49098 ls1150">progress</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls852">Development </span><span class="pp-class-382 pa t30087 l49099 ls3623">projects </span><span class="pp-class-382 pa t30087 l6065 ls1080">in </span><span class="pp-class-382 pa t30087 l49100 ls2145">progress, </span><span class="pp-class-382 pa t30087 l49101 ls1974">primarily </span><span class="pp-class-382 pa t30087 l49102 ls852">development </span><span class="pp-class-382 pa t30087 l49103 ls103">of </span><span class="pp-class-382 pa t30087 l49104 ls1080">IT </span><span class="pp-class-382 pa t30087 l49105 ls646">software, </span><span class="pp-class-382 pa t30087 l49106 ls800">are </span><span class="pp-class-382 pa t30087 l49107 ls2970">recognised </span><span class="pp-class-382 pa t30087 l49108 ls1080">as </span><span class="pp-class-382 pa t30087 l49109 ls1099">non-</span><span class="pp-class-382 pa t30093 l3 ls852">current </span><span class="pp-class-382 pa t30093 l46050 ls1701">intangible </span><span class="pp-class-382 pa t30093 l49110 ls238">assets </span><span class="pp-class-382 pa t30093 l29192 ls1080">if </span><span class="pp-class-382 pa t30093 l49111 ls858">the </span><span class="pp-class-382 pa t30093 l49112 ls4299">following </span><span class="pp-class-382 pa t30093 l49113 ls296">criteria </span><span class="pp-class-382 pa t30093 l49114 ls800">are </span><span class="pp-class-382 pa t30093 l49115 ls830">met:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls3623">projects </span><span class="pp-class-382 pa t30105 l49116 ls800">are </span><span class="pp-class-382 pa t30105 l49117 ls1194">clearly </span><span class="pp-class-382 pa t30105 l24249 ls1305">defined </span><span class="pp-class-382 pa t30105 l26926 ls858">and </span><span class="pp-class-382 pa t30105 l49118 ls2489">identifiable.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30110 l3 ls302">• </span><span class="pp-class-382 pa t30110 l1592 ls48986">The </span><span class="pp-class-382 pa t30110 l48987 ls2784">Group </span><span class="pp-class-382 pa t30110 l49119 ls4275">intends </span><span class="pp-class-382 pa t30110 l49120 ls1759">to </span><span class="pp-class-382 pa t30110 l49121 ls858">use </span><span class="pp-class-382 pa t30110 l49122 ls858">the </span><span class="pp-class-382 pa t30110 l49123 ls3623">projects </span><span class="pp-class-382 pa t30110 l3168 ls1323">once </span><span class="pp-class-382 pa t30110 l49124 ls3278">completed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls1083">future </span><span class="pp-class-382 pa t37915 l49125 ls2694">earnings </span><span class="pp-class-382 pa t37915 l49126 ls1243">from </span><span class="pp-class-382 pa t37915 l12960 ls858">the </span><span class="pp-class-382 pa t37915 l49127 ls3623">projects </span><span class="pp-class-382 pa t37915 l49128 ls800">are </span><span class="pp-class-382 pa t37915 l49129 ls828">expected </span><span class="pp-class-382 pa t37915 l49130 ls1759">to </span><span class="pp-class-382 pa t37915 l49131 ls646">cover </span><span class="pp-class-382 pa t37915 l49132 ls1099">the </span><span class="pp-class-382 pa t37915 l49133 ls960">development </span><span class="pp-class-382 pa t37930 l1592 ls858">and </span><span class="pp-class-382 pa t37930 l48999 ls11245">administrative </span><span class="pp-class-382 pa t37930 l49134 ls2486">costs, </span><span class="pp-class-382 pa t37930 l49135 ls1080">and</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37942 l3 ls302">• </span><span class="pp-class-382 pa t37942 l1592 ls48986">The </span><span class="pp-class-382 pa t37942 l48987 ls1759">costs </span><span class="pp-class-382 pa t37942 l49136 ls858">can </span><span class="pp-class-382 pa t37942 l49137 ls1080">be </span><span class="pp-class-382 pa t37942 l49138 ls7858">reliably </span><span class="pp-class-382 pa t37942 l49139 ls8853">measured.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls238">amortisation </span><span class="pp-class-382 pa t37943 l49140 ls103">of </span><span class="pp-class-382 pa t37943 l42770 ls3474">capitalised </span><span class="pp-class-382 pa t37943 l49141 ls852">development </span><span class="pp-class-382 pa t37943 l49142 ls3623">projects </span><span class="pp-class-382 pa t37943 l49143 ls858">starts </span><span class="pp-class-382 pa t37943 l44938 ls2842">after </span><span class="pp-class-382 pa t37943 l49144 ls1099">the </span><span class="pp-class-382 pa t37943 l20742 ls1271">completion </span><span class="pp-class-382 pa t37943 l49145 ls103">of </span><span class="pp-class-382 pa t37943 l49146 ls858">the </span><span class="pp-class-382 pa t37943 l49147 ls960">development </span><span class="pp-class-382 pa t37948 l3 ls2787">project </span><span class="pp-class-382 pa t37948 l49148 ls858">and </span><span class="pp-class-382 pa t37948 l49149 ls1080">is </span><span class="pp-class-382 pa t37948 l49150 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49151 ls1080">on </span><span class="pp-class-382 pa t37948 l17662 ls302">a </span><span class="pp-class-382 pa t37948 l49152 ls1316">straight-line </span><span class="pp-class-382 pa t37948 l49153 ls1759">basis </span><span class="pp-class-382 pa t37948 l49154 ls2671">over </span><span class="pp-class-382 pa t37948 l49155 ls1099">the </span><span class="pp-class-382 pa t37948 l49156 ls828">expected </span><span class="pp-class-382 pa t37948 l49157 ls1941">useful </span><span class="pp-class-382 pa t37948 l49158 ls2854">life, </span><span class="pp-class-382 pa t37948 l49159 ls1759">which </span><span class="pp-class-382 pa t37948 l49160 ls2944">normally </span><span class="pp-class-382 pa t37948 l49161 ls1080">is </span><span class="pp-class-382 pa t37948 l49162 ls332">3-5 </span><span class="pp-class-382 pa t37961 l3 ls2889">years, </span><span class="pp-class-382 pa t37961 l49163 ls858">but </span><span class="pp-class-382 pa t37961 l49164 ls1080">in </span><span class="pp-class-382 pa t37961 l49165 ls99">certain </span><span class="pp-class-382 pa t37961 l49166 ls1759">cases </span><span class="pp-class-382 pa t37961 l49167 ls1080">up </span><span class="pp-class-382 pa t37961 l49168 ls1759">to </span><span class="pp-class-382 pa t37961 l49169 ls1772">10 </span><span class="pp-class-382 pa t37961 l49170 ls2142">years </span><span class="pp-class-382 pa t37961 l49171 ls1323">(the </span><span class="pp-class-382 pa t37961 l49172 ls800">latter </span><span class="pp-class-382 pa t37961 l49173 ls1237">applies </span><span class="pp-class-382 pa t37961 l49174 ls1759">to </span><span class="pp-class-382 pa t37961 l49175 ls806">significant </span><span class="pp-class-382 pa t37961 l49176 ls4305">internally </span><span class="pp-class-382 pa t37961 l49177 ls960">developed </span><span class="pp-class-382 pa t37974 l3 ls2970">commercial </span><span class="pp-class-382 pa t37974 l49178 ls858">and </span><span class="pp-class-382 pa t37974 l49179 ls2944">operational </span><span class="pp-class-382 pa t37974 l49180 ls4305">systems).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37975 l3 ls1759">Other </span><span class="pp-class-383 pa t37975 l49181 ls1271">non-current </span><span class="pp-class-383 pa t37975 l49182 ls1818">intangible </span><span class="pp-class-383 pa t37975 l49183 ls1305">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37977 l3 ls1759">Other </span><span class="pp-class-382 pa t37977 l49184 ls1101">non-current </span><span class="pp-class-382 pa t37977 l49185 ls1701">intangible </span><span class="pp-class-382 pa t37977 l46124 ls238">assets </span><span class="pp-class-382 pa t37977 l49186 ls2694">comprise </span><span class="pp-class-382 pa t37977 l49187 ls858">the </span><span class="pp-class-382 pa t37977 l49188 ls1083">value </span><span class="pp-class-382 pa t37977 l49189 ls103">of </span><span class="pp-class-382 pa t37977 l49190 ls296">customer </span><span class="pp-class-382 pa t37977 l49191 ls2760">relations </span><span class="pp-class-382 pa t37977 l49192 ls1080">or </span><span class="pp-class-382 pa t37977 l49193 ls46774">similar, </span><span class="pp-class-382 pa t37977 l49194 ls806">identified </span><span class="pp-class-382 pa t37977 l49195 ls278">as </span><span class="pp-class-382 pa t36901 l3 ls658">part </span><span class="pp-class-382 pa t36901 l6838 ls103">of </span><span class="pp-class-382 pa t36901 l44486 ls2694">business </span><span class="pp-class-382 pa t36901 l49196 ls2842">combinations, </span><span class="pp-class-382 pa t36901 l49197 ls858">and </span><span class="pp-class-382 pa t36901 l49198 ls1759">which </span><span class="pp-class-382 pa t36901 l49199 ls858">has </span><span class="pp-class-382 pa t36901 l49200 ls238">definite </span><span class="pp-class-382 pa t36901 l49201 ls1941">useful </span><span class="pp-class-382 pa t36901 l49202 ls2854">life. </span><span class="pp-class-382 pa t36901 l49203 ls1759">Other </span><span class="pp-class-382 pa t36901 l49204 ls1101">non-current </span><span class="pp-class-382 pa t36901 l49205 ls1701">intangible </span><span class="pp-class-382 pa t36901 l49206 ls869">assets </span><span class="pp-class-382 pa t36903 l3 ls800">are </span><span class="pp-class-382 pa t36903 l43707 ls8853">measured </span><span class="pp-class-382 pa t36903 l30316 ls1083">at </span><span class="pp-class-382 pa t36903 l49207 ls1323">cost </span><span class="pp-class-382 pa t36903 l49208 ls1323">less </span><span class="pp-class-382 pa t36903 l30715 ls1244">accumulated </span><span class="pp-class-382 pa t36903 l49209 ls238">amortisation </span><span class="pp-class-382 pa t36903 l49210 ls858">and </span><span class="pp-class-382 pa t36903 l49211 ls806">impairment </span><span class="pp-class-382 pa t36903 l49212 ls1237">losses. </span><span class="pp-class-382 pa t36903 l49213 ls238">Amortisation </span><span class="pp-class-382 pa t36903 l49214 ls278">is </span><span class="pp-class-382 pa t36916 l3 ls2970">recognised </span><span class="pp-class-382 pa t36916 l44565 ls1080">on </span><span class="pp-class-382 pa t36916 l49215 ls302">a </span><span class="pp-class-382 pa t36916 l49216 ls1316">straight-line </span><span class="pp-class-382 pa t36916 l46124 ls1759">basis </span><span class="pp-class-382 pa t36916 l49217 ls2671">over </span><span class="pp-class-382 pa t36916 l45955 ls858">the </span><span class="pp-class-382 pa t36916 l49218 ls828">expected </span><span class="pp-class-382 pa t36916 l49219 ls1941">useful </span><span class="pp-class-382 pa t36916 l49220 ls2854">life, </span><span class="pp-class-382 pa t36916 l49221 ls1759">which </span><span class="pp-class-382 pa t36916 l49222 ls2944">normally </span><span class="pp-class-382 pa t36916 l49223 ls1080">is </span><span class="pp-class-382 pa t36916 l49224 ls302">3-5 </span><span class="pp-class-382 pa t36916 l49225 ls2889">years, </span><span class="pp-class-382 pa t36916 l31814 ls1945">except </span><span class="pp-class-382 pa t36920 l3 ls1243">from </span><span class="pp-class-382 pa t36920 l49226 ls296">customer </span><span class="pp-class-382 pa t36920 l49227 ls53">portfolio </span><span class="pp-class-382 pa t36920 l49228 ls1759">which </span><span class="pp-class-382 pa t36920 l49229 ls1080">is </span><span class="pp-class-382 pa t36920 l49230 ls1080">up </span><span class="pp-class-382 pa t36920 l24295 ls1759">to </span><span class="pp-class-382 pa t36920 l49231 ls1080">15 </span><span class="pp-class-382 pa t36920 l49232 ls2142">years.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t38016 l3 ls56">Port </span><span class="pp-class-383 pa t38016 l49233 ls819">concession </span><span class="pp-class-383 pa t38016 l49234 ls1305">rights</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49235 l3 ls99">Port </span><span class="pp-class-382 pa t49235 l26479 ls819">concession </span><span class="pp-class-382 pa t49235 l49236 ls1073">rights </span><span class="pp-class-382 pa t49235 l49237 ls2694">comprise </span><span class="pp-class-382 pa t49235 l24137 ls858">the </span><span class="pp-class-382 pa t49235 l49238 ls1083">value </span><span class="pp-class-382 pa t49235 l49239 ls103">of </span><span class="pp-class-382 pa t49235 l5934 ls1772">access </span><span class="pp-class-382 pa t49235 l44427 ls1759">to </span><span class="pp-class-382 pa t49235 l49240 ls2671">strategically </span><span class="pp-class-382 pa t49235 l49241 ls1772">placed </span><span class="pp-class-382 pa t49235 l43764 ls155">ports </span><span class="pp-class-382 pa t49235 l49242 ls1759">which </span><span class="pp-class-382 pa t49235 l49243 ls1080">is </span><span class="pp-class-382 pa t49235 l49244 ls2113">recognised </span><span class="pp-class-382 pa t38021 l3 ls1083">at </span><span class="pp-class-382 pa t38021 l44213 ls1759">their </span><span class="pp-class-382 pa t38021 l49245 ls3278">fair </span><span class="pp-class-382 pa t38021 l49246 ls1083">value </span><span class="pp-class-382 pa t38021 l49247 ls1083">at </span><span class="pp-class-382 pa t38021 l49248 ls1099">the </span><span class="pp-class-382 pa t38021 l49249 ls1772">acquisition </span><span class="pp-class-382 pa t38021 l49250 ls2688">date. </span><span class="pp-class-382 pa t38021 l49251 ls2760">Acquired </span><span class="pp-class-382 pa t38021 l49252 ls658">port </span><span class="pp-class-382 pa t38021 l49253 ls819">concession </span><span class="pp-class-382 pa t38021 l49254 ls1073">rights </span><span class="pp-class-382 pa t38021 l49255 ls800">are </span><span class="pp-class-382 pa t38021 l49256 ls1257">amortised </span><span class="pp-class-382 pa t38021 l49257 ls2671">over </span><span class="pp-class-382 pa t38021 l49258 ls302">the </span><span class="pp-class-382 pa t38024 l3 ls819">concession </span><span class="pp-class-382 pa t38024 l43266 ls2486">period.</span></p></div></div> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls1271">Non-current </span><span class="pp-class-383 pa t30083 l48964 ls1818">intangible </span><span class="pp-class-383 pa t30083 l48965 ls1073">assets </span><span class="pp-class-383 pa t30083 l48966">- </span><span class="pp-class-383 pa t30083 l48967 ls1759">Other </span><span class="pp-class-383 pa t30083 l48968 ls1323">than </span><span class="pp-class-383 pa t30083 l48969 ls99">goodwill </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4343">Generally, </span><span class="pp-class-382 pa t30087 l48970 ls858">the </span><span class="pp-class-382 pa t30087 l48971 ls4299">following </span><span class="pp-class-382 pa t30087 l48972 ls1237">applies </span><span class="pp-class-382 pa t30087 l43227 ls2486">unless </span><span class="pp-class-382 pa t30087 l48973 ls1077">otherwise </span><span class="pp-class-382 pa t30087 l48974 ls1974">stated:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30098 l3 ls302">• </span><span class="pp-class-382 pa t30098 l1592 ls48975">Assets </span><span class="pp-class-382 pa t30098 l48976 ls800">are </span><span class="pp-class-382 pa t30098 l48977 ls8853">measured </span><span class="pp-class-382 pa t30098 l48978 ls1083">at </span><span class="pp-class-382 pa t30098 l48979 ls1323">cost </span><span class="pp-class-382 pa t30098 l48980 ls1323">less </span><span class="pp-class-382 pa t30098 l48981 ls1244">accumulated </span><span class="pp-class-382 pa t30098 l48982 ls238">amortisation </span><span class="pp-class-382 pa t30098 l48983 ls1099">and </span><span class="pp-class-382 pa t30098 l48984 ls806">impairment </span><span class="pp-class-382 pa t30098 l48985 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls1323">cost </span><span class="pp-class-382 pa t30105 l48988 ls238">includes </span><span class="pp-class-382 pa t30105 l48989 ls1759">costs </span><span class="pp-class-382 pa t30105 l48990 ls1759">to </span><span class="pp-class-382 pa t30105 l48991 ls1083">external </span><span class="pp-class-382 pa t30105 l48992 ls819">suppliers, </span><span class="pp-class-382 pa t30105 l48993 ls3105">materials </span><span class="pp-class-382 pa t30105 l48994 ls858">and </span><span class="pp-class-382 pa t30105 l48995 ls806">components, </span><span class="pp-class-382 pa t30105 l48996 ls2760">direct </span><span class="pp-class-382 pa t30105 l48997 ls3623">wages, </span><span class="pp-class-382 pa t30105 l48998 ls1323">salaries, </span><span class="pp-class-382 pa t30110 l1592 ls858">and </span><span class="pp-class-382 pa t30110 l48999 ls852">interests </span><span class="pp-class-382 pa t30110 l49000 ls1323">paid </span><span class="pp-class-382 pa t30110 l49001 ls1080">as </span><span class="pp-class-382 pa t30110 l49002 ls1243">from </span><span class="pp-class-382 pa t30110 l26451 ls858">the </span><span class="pp-class-382 pa t30110 l49003 ls1323">time </span><span class="pp-class-382 pa t30110 l14934 ls103">of </span><span class="pp-class-382 pa t30110 l22438 ls8853">payment </span><span class="pp-class-382 pa t30110 l49004 ls1305">until </span><span class="pp-class-382 pa t30110 l49005 ls858">the </span><span class="pp-class-382 pa t30110 l49006 ls852">date </span><span class="pp-class-382 pa t30110 l49007 ls1323">when </span><span class="pp-class-382 pa t30110 l49008 ls1099">the </span><span class="pp-class-382 pa t30110 l49009 ls296">asset </span><span class="pp-class-382 pa t30110 l49010 ls1080">is </span><span class="pp-class-382 pa t30110 l49011 ls1316">available </span><span class="pp-class-382 pa t30110 l49012 ls3278">for </span><span class="pp-class-382 pa t30110 l49013 ls4275">use.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls238">assets </span><span class="pp-class-382 pa t37915 l49014 ls800">are </span><span class="pp-class-382 pa t37915 l49015 ls1257">amortised </span><span class="pp-class-382 pa t37915 l49016 ls1080">on </span><span class="pp-class-382 pa t37915 l49017 ls302">a </span><span class="pp-class-382 pa t37915 l49018 ls1316">straight-line </span><span class="pp-class-382 pa t37915 l49019 ls1759">basis </span><span class="pp-class-382 pa t37915 l49020 ls2671">over </span><span class="pp-class-382 pa t37915 l49021 ls858">the </span><span class="pp-class-382 pa t37915 l49022 ls3105">estimated </span><span class="pp-class-382 pa t37915 l49023 ls1941">useful </span><span class="pp-class-382 pa t37915 l49024 ls1150">life.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37930 l3 ls302">• </span><span class="pp-class-382 pa t37930 l1592 ls48986">The </span><span class="pp-class-382 pa t37930 l48987 ls2142">effect </span><span class="pp-class-382 pa t37930 l49025 ls1243">from </span><span class="pp-class-382 pa t37930 l49026 ls1237">changes </span><span class="pp-class-382 pa t37930 l49027 ls1080">in </span><span class="pp-class-382 pa t37930 l49028 ls238">amortisation </span><span class="pp-class-382 pa t37930 l49029 ls2486">period </span><span class="pp-class-382 pa t37930 l49030 ls1080">or </span><span class="pp-class-382 pa t37930 l49031 ls858">the </span><span class="pp-class-382 pa t37930 l49032 ls8853">residual </span><span class="pp-class-382 pa t37930 l49033 ls1083">value </span><span class="pp-class-382 pa t37930 l49034 ls1080">is </span><span class="pp-class-382 pa t37930 l49035 ls2970">recognised </span><span class="pp-class-382 pa t37930 l49036 ls3435">prospectively </span><span class="pp-class-382 pa t37942 l1592 ls1080">as </span><span class="pp-class-382 pa t37942 l49037 ls302">a </span><span class="pp-class-382 pa t37942 l49038 ls2486">change </span><span class="pp-class-382 pa t37942 l49039 ls1080">in </span><span class="pp-class-382 pa t37942 l49040 ls858">the </span><span class="pp-class-382 pa t37942 l49041 ls53">accounting </span><span class="pp-class-382 pa t37942 l49042 ls1083">estimate.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls4279">Development </span><span class="pp-class-383 pa t30083 l49096 ls5039">projects </span><span class="pp-class-383 pa t30083 l49097 ls1080">in </span><span class="pp-class-383 pa t30083 l49098 ls1150">progress</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls852">Development </span><span class="pp-class-382 pa t30087 l49099 ls3623">projects </span><span class="pp-class-382 pa t30087 l6065 ls1080">in </span><span class="pp-class-382 pa t30087 l49100 ls2145">progress, </span><span class="pp-class-382 pa t30087 l49101 ls1974">primarily </span><span class="pp-class-382 pa t30087 l49102 ls852">development </span><span class="pp-class-382 pa t30087 l49103 ls103">of </span><span class="pp-class-382 pa t30087 l49104 ls1080">IT </span><span class="pp-class-382 pa t30087 l49105 ls646">software, </span><span class="pp-class-382 pa t30087 l49106 ls800">are </span><span class="pp-class-382 pa t30087 l49107 ls2970">recognised </span><span class="pp-class-382 pa t30087 l49108 ls1080">as </span><span class="pp-class-382 pa t30087 l49109 ls1099">non-</span><span class="pp-class-382 pa t30093 l3 ls852">current </span><span class="pp-class-382 pa t30093 l46050 ls1701">intangible </span><span class="pp-class-382 pa t30093 l49110 ls238">assets </span><span class="pp-class-382 pa t30093 l29192 ls1080">if </span><span class="pp-class-382 pa t30093 l49111 ls858">the </span><span class="pp-class-382 pa t30093 l49112 ls4299">following </span><span class="pp-class-382 pa t30093 l49113 ls296">criteria </span><span class="pp-class-382 pa t30093 l49114 ls800">are </span><span class="pp-class-382 pa t30093 l49115 ls830">met:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls3623">projects </span><span class="pp-class-382 pa t30105 l49116 ls800">are </span><span class="pp-class-382 pa t30105 l49117 ls1194">clearly </span><span class="pp-class-382 pa t30105 l24249 ls1305">defined </span><span class="pp-class-382 pa t30105 l26926 ls858">and </span><span class="pp-class-382 pa t30105 l49118 ls2489">identifiable.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30110 l3 ls302">• </span><span class="pp-class-382 pa t30110 l1592 ls48986">The </span><span class="pp-class-382 pa t30110 l48987 ls2784">Group </span><span class="pp-class-382 pa t30110 l49119 ls4275">intends </span><span class="pp-class-382 pa t30110 l49120 ls1759">to </span><span class="pp-class-382 pa t30110 l49121 ls858">use </span><span class="pp-class-382 pa t30110 l49122 ls858">the </span><span class="pp-class-382 pa t30110 l49123 ls3623">projects </span><span class="pp-class-382 pa t30110 l3168 ls1323">once </span><span class="pp-class-382 pa t30110 l49124 ls3278">completed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37915 l3 ls302">• </span><span class="pp-class-382 pa t37915 l1592 ls48986">The </span><span class="pp-class-382 pa t37915 l48987 ls1083">future </span><span class="pp-class-382 pa t37915 l49125 ls2694">earnings </span><span class="pp-class-382 pa t37915 l49126 ls1243">from </span><span class="pp-class-382 pa t37915 l12960 ls858">the </span><span class="pp-class-382 pa t37915 l49127 ls3623">projects </span><span class="pp-class-382 pa t37915 l49128 ls800">are </span><span class="pp-class-382 pa t37915 l49129 ls828">expected </span><span class="pp-class-382 pa t37915 l49130 ls1759">to </span><span class="pp-class-382 pa t37915 l49131 ls646">cover </span><span class="pp-class-382 pa t37915 l49132 ls1099">the </span><span class="pp-class-382 pa t37915 l49133 ls960">development </span><span class="pp-class-382 pa t37930 l1592 ls858">and </span><span class="pp-class-382 pa t37930 l48999 ls11245">administrative </span><span class="pp-class-382 pa t37930 l49134 ls2486">costs, </span><span class="pp-class-382 pa t37930 l49135 ls1080">and</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37942 l3 ls302">• </span><span class="pp-class-382 pa t37942 l1592 ls48986">The </span><span class="pp-class-382 pa t37942 l48987 ls1759">costs </span><span class="pp-class-382 pa t37942 l49136 ls858">can </span><span class="pp-class-382 pa t37942 l49137 ls1080">be </span><span class="pp-class-382 pa t37942 l49138 ls7858">reliably </span><span class="pp-class-382 pa t37942 l49139 ls8853">measured.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls238">amortisation </span><span class="pp-class-382 pa t37943 l49140 ls103">of </span><span class="pp-class-382 pa t37943 l42770 ls3474">capitalised </span><span class="pp-class-382 pa t37943 l49141 ls852">development </span><span class="pp-class-382 pa t37943 l49142 ls3623">projects </span><span class="pp-class-382 pa t37943 l49143 ls858">starts </span><span class="pp-class-382 pa t37943 l44938 ls2842">after </span><span class="pp-class-382 pa t37943 l49144 ls1099">the </span><span class="pp-class-382 pa t37943 l20742 ls1271">completion </span><span class="pp-class-382 pa t37943 l49145 ls103">of </span><span class="pp-class-382 pa t37943 l49146 ls858">the </span><span class="pp-class-382 pa t37943 l49147 ls960">development </span><span class="pp-class-382 pa t37948 l3 ls2787">project </span><span class="pp-class-382 pa t37948 l49148 ls858">and </span><span class="pp-class-382 pa t37948 l49149 ls1080">is </span><span class="pp-class-382 pa t37948 l49150 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49151 ls1080">on </span><span class="pp-class-382 pa t37948 l17662 ls302">a </span><span class="pp-class-382 pa t37948 l49152 ls1316">straight-line </span><span class="pp-class-382 pa t37948 l49153 ls1759">basis </span><span class="pp-class-382 pa t37948 l49154 ls2671">over </span><span class="pp-class-382 pa t37948 l49155 ls1099">the </span><span class="pp-class-382 pa t37948 l49156 ls828">expected </span><span class="pp-class-382 pa t37948 l49157 ls1941">useful </span><span class="pp-class-382 pa t37948 l49158 ls2854">life, </span><span class="pp-class-382 pa t37948 l49159 ls1759">which </span><span class="pp-class-382 pa t37948 l49160 ls2944">normally </span><span class="pp-class-382 pa t37948 l49161 ls1080">is </span><span class="pp-class-382 pa t37948 l49162 ls332">3-5 </span><span class="pp-class-382 pa t37961 l3 ls2889">years, </span><span class="pp-class-382 pa t37961 l49163 ls858">but </span><span class="pp-class-382 pa t37961 l49164 ls1080">in </span><span class="pp-class-382 pa t37961 l49165 ls99">certain </span><span class="pp-class-382 pa t37961 l49166 ls1759">cases </span><span class="pp-class-382 pa t37961 l49167 ls1080">up </span><span class="pp-class-382 pa t37961 l49168 ls1759">to </span><span class="pp-class-382 pa t37961 l49169 ls1772">10 </span><span class="pp-class-382 pa t37961 l49170 ls2142">years </span><span class="pp-class-382 pa t37961 l49171 ls1323">(the </span><span class="pp-class-382 pa t37961 l49172 ls800">latter </span><span class="pp-class-382 pa t37961 l49173 ls1237">applies </span><span class="pp-class-382 pa t37961 l49174 ls1759">to </span><span class="pp-class-382 pa t37961 l49175 ls806">significant </span><span class="pp-class-382 pa t37961 l49176 ls4305">internally </span><span class="pp-class-382 pa t37961 l49177 ls960">developed </span><span class="pp-class-382 pa t37974 l3 ls2970">commercial </span><span class="pp-class-382 pa t37974 l49178 ls858">and </span><span class="pp-class-382 pa t37974 l49179 ls2944">operational </span><span class="pp-class-382 pa t37974 l49180 ls4305">systems).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37975 l3 ls1759">Other </span><span class="pp-class-383 pa t37975 l49181 ls1271">non-current </span><span class="pp-class-383 pa t37975 l49182 ls1818">intangible </span><span class="pp-class-383 pa t37975 l49183 ls1305">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37977 l3 ls1759">Other </span><span class="pp-class-382 pa t37977 l49184 ls1101">non-current </span><span class="pp-class-382 pa t37977 l49185 ls1701">intangible </span><span class="pp-class-382 pa t37977 l46124 ls238">assets </span><span class="pp-class-382 pa t37977 l49186 ls2694">comprise </span><span class="pp-class-382 pa t37977 l49187 ls858">the </span><span class="pp-class-382 pa t37977 l49188 ls1083">value </span><span class="pp-class-382 pa t37977 l49189 ls103">of </span><span class="pp-class-382 pa t37977 l49190 ls296">customer </span><span class="pp-class-382 pa t37977 l49191 ls2760">relations </span><span class="pp-class-382 pa t37977 l49192 ls1080">or </span><span class="pp-class-382 pa t37977 l49193 ls46774">similar, </span><span class="pp-class-382 pa t37977 l49194 ls806">identified </span><span class="pp-class-382 pa t37977 l49195 ls278">as </span><span class="pp-class-382 pa t36901 l3 ls658">part </span><span class="pp-class-382 pa t36901 l6838 ls103">of </span><span class="pp-class-382 pa t36901 l44486 ls2694">business </span><span class="pp-class-382 pa t36901 l49196 ls2842">combinations, </span><span class="pp-class-382 pa t36901 l49197 ls858">and </span><span class="pp-class-382 pa t36901 l49198 ls1759">which </span><span class="pp-class-382 pa t36901 l49199 ls858">has </span><span class="pp-class-382 pa t36901 l49200 ls238">definite </span><span class="pp-class-382 pa t36901 l49201 ls1941">useful </span><span class="pp-class-382 pa t36901 l49202 ls2854">life. </span><span class="pp-class-382 pa t36901 l49203 ls1759">Other </span><span class="pp-class-382 pa t36901 l49204 ls1101">non-current </span><span class="pp-class-382 pa t36901 l49205 ls1701">intangible </span><span class="pp-class-382 pa t36901 l49206 ls869">assets </span><span class="pp-class-382 pa t36903 l3 ls800">are </span><span class="pp-class-382 pa t36903 l43707 ls8853">measured </span><span class="pp-class-382 pa t36903 l30316 ls1083">at </span><span class="pp-class-382 pa t36903 l49207 ls1323">cost </span><span class="pp-class-382 pa t36903 l49208 ls1323">less </span><span class="pp-class-382 pa t36903 l30715 ls1244">accumulated </span><span class="pp-class-382 pa t36903 l49209 ls238">amortisation </span><span class="pp-class-382 pa t36903 l49210 ls858">and </span><span class="pp-class-382 pa t36903 l49211 ls806">impairment </span><span class="pp-class-382 pa t36903 l49212 ls1237">losses. </span><span class="pp-class-382 pa t36903 l49213 ls238">Amortisation </span><span class="pp-class-382 pa t36903 l49214 ls278">is </span><span class="pp-class-382 pa t36916 l3 ls2970">recognised </span><span class="pp-class-382 pa t36916 l44565 ls1080">on </span><span class="pp-class-382 pa t36916 l49215 ls302">a </span><span class="pp-class-382 pa t36916 l49216 ls1316">straight-line </span><span class="pp-class-382 pa t36916 l46124 ls1759">basis </span><span class="pp-class-382 pa t36916 l49217 ls2671">over </span><span class="pp-class-382 pa t36916 l45955 ls858">the </span><span class="pp-class-382 pa t36916 l49218 ls828">expected </span><span class="pp-class-382 pa t36916 l49219 ls1941">useful </span><span class="pp-class-382 pa t36916 l49220 ls2854">life, </span><span class="pp-class-382 pa t36916 l49221 ls1759">which </span><span class="pp-class-382 pa t36916 l49222 ls2944">normally </span><span class="pp-class-382 pa t36916 l49223 ls1080">is </span><span class="pp-class-382 pa t36916 l49224 ls302">3-5 </span><span class="pp-class-382 pa t36916 l49225 ls2889">years, </span><span class="pp-class-382 pa t36916 l31814 ls1945">except </span><span class="pp-class-382 pa t36920 l3 ls1243">from </span><span class="pp-class-382 pa t36920 l49226 ls296">customer </span><span class="pp-class-382 pa t36920 l49227 ls53">portfolio </span><span class="pp-class-382 pa t36920 l49228 ls1759">which </span><span class="pp-class-382 pa t36920 l49229 ls1080">is </span><span class="pp-class-382 pa t36920 l49230 ls1080">up </span><span class="pp-class-382 pa t36920 l24295 ls1759">to </span><span class="pp-class-382 pa t36920 l49231 ls1080">15 </span><span class="pp-class-382 pa t36920 l49232 ls2142">years.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t38016 l3 ls56">Port </span><span class="pp-class-383 pa t38016 l49233 ls819">concession </span><span class="pp-class-383 pa t38016 l49234 ls1305">rights</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49235 l3 ls99">Port </span><span class="pp-class-382 pa t49235 l26479 ls819">concession </span><span class="pp-class-382 pa t49235 l49236 ls1073">rights </span><span class="pp-class-382 pa t49235 l49237 ls2694">comprise </span><span class="pp-class-382 pa t49235 l24137 ls858">the </span><span class="pp-class-382 pa t49235 l49238 ls1083">value </span><span class="pp-class-382 pa t49235 l49239 ls103">of </span><span class="pp-class-382 pa t49235 l5934 ls1772">access </span><span class="pp-class-382 pa t49235 l44427 ls1759">to </span><span class="pp-class-382 pa t49235 l49240 ls2671">strategically </span><span class="pp-class-382 pa t49235 l49241 ls1772">placed </span><span class="pp-class-382 pa t49235 l43764 ls155">ports </span><span class="pp-class-382 pa t49235 l49242 ls1759">which </span><span class="pp-class-382 pa t49235 l49243 ls1080">is </span><span class="pp-class-382 pa t49235 l49244 ls2113">recognised </span><span class="pp-class-382 pa t38021 l3 ls1083">at </span><span class="pp-class-382 pa t38021 l44213 ls1759">their </span><span class="pp-class-382 pa t38021 l49245 ls3278">fair </span><span class="pp-class-382 pa t38021 l49246 ls1083">value </span><span class="pp-class-382 pa t38021 l49247 ls1083">at </span><span class="pp-class-382 pa t38021 l49248 ls1099">the </span><span class="pp-class-382 pa t38021 l49249 ls1772">acquisition </span><span class="pp-class-382 pa t38021 l49250 ls2688">date. </span><span class="pp-class-382 pa t38021 l49251 ls2760">Acquired </span><span class="pp-class-382 pa t38021 l49252 ls658">port </span><span class="pp-class-382 pa t38021 l49253 ls819">concession </span><span class="pp-class-382 pa t38021 l49254 ls1073">rights </span><span class="pp-class-382 pa t38021 l49255 ls800">are </span><span class="pp-class-382 pa t38021 l49256 ls1257">amortised </span><span class="pp-class-382 pa t38021 l49257 ls2671">over </span><span class="pp-class-382 pa t38021 l49258 ls302">the </span><span class="pp-class-382 pa t38024 l3 ls819">concession </span><span class="pp-class-382 pa t38024 l43266 ls2486">period.</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37943 l3 ls1237">Goodwill</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37948 l3 ls10900">At </span><span class="pp-class-382 pa t37948 l49043 ls1237">initial </span><span class="pp-class-382 pa t37948 l49044 ls2142">recognition </span><span class="pp-class-382 pa t37948 l49045 ls2694">goodwill </span><span class="pp-class-382 pa t37948 l49046 ls1080">is </span><span class="pp-class-382 pa t37948 l49047 ls2970">recognised </span><span class="pp-class-382 pa t37948 l49048 ls1080">in </span><span class="pp-class-382 pa t37948 l49049 ls1099">the </span><span class="pp-class-382 pa t37948 l49050 ls1237">balance </span><span class="pp-class-382 pa t37948 l49051 ls296">sheet </span><span class="pp-class-382 pa t37948 l49052 ls1083">at </span><span class="pp-class-382 pa t37948 l49053 ls1110">cost, </span><span class="pp-class-382 pa t37948 l47266 ls1080">as </span><span class="pp-class-382 pa t37948 l49054 ls1073">described </span><span class="pp-class-382 pa t37948 l49055 ls1080">in </span><span class="pp-class-382 pa t37948 l49056 ls1859">note </span><span class="pp-class-382 pa t37948 l49057 ls18364">5.5 </span><span class="pp-class-382 pa t37961 l3 ls2671">‘Business-combinations’. </span><span class="pp-class-382 pa t37961 l49058 ls6791">Subsequently, </span><span class="pp-class-382 pa t37961 l49059 ls2694">goodwill </span><span class="pp-class-382 pa t37961 l49060 ls1080">is </span><span class="pp-class-382 pa t37961 l49061 ls8853">measured </span><span class="pp-class-382 pa t37961 l49062 ls1083">at </span><span class="pp-class-382 pa t37961 l49063 ls1323">cost </span><span class="pp-class-382 pa t37961 l49064 ls1323">less </span><span class="pp-class-382 pa t37961 l49065 ls1244">accumulated </span><span class="pp-class-382 pa t37961 l49066 ls1077">impairment </span><span class="pp-class-382 pa t37974 l3 ls1237">losses. </span><span class="pp-class-382 pa t37974 l49067 ls2694">Goodwill </span><span class="pp-class-382 pa t37974 l49068 ls1080">is </span><span class="pp-class-382 pa t37974 l49069 ls830">not </span><span class="pp-class-382 pa t37974 l30021 ls1126">amortised. </span><span class="pp-class-382 pa t37974 l49070 ls1080">An </span><span class="pp-class-382 pa t37974 l49071 ls806">impairment </span><span class="pp-class-382 pa t37974 l21824 ls1073">test </span><span class="pp-class-382 pa t37974 l20986 ls1080">is </span><span class="pp-class-382 pa t37974 l49072 ls1321">performed </span><span class="pp-class-382 pa t37974 l49073 ls1083">at </span><span class="pp-class-382 pa t37974 l44842 ls1759">least </span><span class="pp-class-382 pa t37974 l18710 ls1323">once </span><span class="pp-class-382 pa t37974 l45659 ls302">a </span><span class="pp-class-382 pa t37974 l49074 ls960">year </span><span class="pp-class-382 pa t37974 l49075 ls3278">together </span><span class="pp-class-382 pa t37974 l49076 ls1955">with </span><span class="pp-class-382 pa t49077 l3 ls296">other </span><span class="pp-class-382 pa t49077 l43926 ls1101">non-current </span><span class="pp-class-382 pa t49077 l49078 ls238">assets </span><span class="pp-class-382 pa t49077 l49079 ls103">of </span><span class="pp-class-382 pa t49077 l49080 ls858">the </span><span class="pp-class-382 pa t49077 l49081 ls2149">Group. </span><span class="pp-class-382 pa t49077 l49082 ls858">The </span><span class="pp-class-382 pa t49077 l49083 ls1099">carrying </span><span class="pp-class-382 pa t49077 l49084 ls1073">amount </span><span class="pp-class-382 pa t49077 l49085 ls103">of </span><span class="pp-class-382 pa t49077 l49086 ls2694">goodwill </span><span class="pp-class-382 pa t49077 l49087 ls1080">is </span><span class="pp-class-382 pa t49077 l49088 ls3105">allocated </span><span class="pp-class-382 pa t49077 l49089 ls1759">to </span><span class="pp-class-382 pa t49077 l25507 ls858">the </span><span class="pp-class-382 pa t49077 l49090 ls715">Group’s </span><span class="pp-class-382 pa t37975 l3 ls2970">cash-generating </span><span class="pp-class-382 pa t37975 l13907 ls1759">units </span><span class="pp-class-382 pa t37975 l49091 ls1083">at </span><span class="pp-class-382 pa t37975 l49092 ls858">the </span><span class="pp-class-382 pa t37975 l39474 ls1323">time </span><span class="pp-class-382 pa t37975 l49093 ls103">of </span><span class="pp-class-382 pa t37975 l49094 ls1772">acquisition.</span></p> <div id="pp-id-5181" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h49259 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls85">3.1.2 </span><span class="pp-class-370 pa t21055 l43638 ls1005">Non-current </span><span class="pp-class-370 pa t21055 l48689 ls72">tangible </span><span class="pp-class-370 pa t21055 l49260 ls37">assets</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l49261"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l49262"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l49263"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l49264"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l49265"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l49266 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49267 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49268 l49269">Land </span><span class="pp-class-373 pa t49268 l49270">and </span><span class="pp-class-373 pa t49267 l49271 ls842">buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49267 l46876 ls1818">Terminals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l49273 ls907">Ferries </span><span class="pp-class-373 pa t49268 l49274">and </span><span class="pp-class-373 pa t49268 l49275 ls96">other</span><span class="pp-class-373 pa t49267 l49276">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l49277 ls1166">Equip-</span><span class="pp-class-373 pa t49268 l49278 ls813">ment</span><span class="pp-class-373 pa t49267 l49279 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48946 l49280 ls72">Assets </span><span class="pp-class-373 pa t49281 l49282">under </span><span class="pp-class-373 pa t49281 l49283">con-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l49284 ls287">struction </span><span class="pp-class-373 pa t49268 l49285">and </span><span class="pp-class-373 pa t49268 l49286 ls980">pre-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49267 l49287 ls39">payments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49267 l49288 ls49289">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49290 l3">Cost </span><span class="pp-class-372 pa t49290 l42333 ls2835">at </span><span class="pp-class-372 pa t49290 l48711">1 </span><span class="pp-class-372 pa t49290 l48712 ls1227">January </span><span class="pp-class-372 pa t49290 l48713 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49290 l49291">862</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49290 l44657 ls1298">1,453</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49290 l49292 ls858">21,636</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49290 l49293 ls2955">3,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49290 l49294">415</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49290 l49295 ls2760">28,012</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49296 l3 ls124">Foreign </span><span class="pp-class-372 pa t49296 l42531 ls230">exchange </span><span class="pp-class-372 pa t49296 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49296 l49297 ls14819">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49296 l49298 ls1077">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49296 l49299">-42</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49296 l49300">38</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49296 l49301">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49296 l49302">28</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49303 l3 ls704">Addition </span><span class="pp-class-372 pa t49303 l47664">on </span><span class="pp-class-372 pa t49303 l47665 ls37">acquisition </span><span class="pp-class-372 pa t49303 l47666 ls287">of </span><span class="pp-class-372 pa t49304 l3 ls842">enterprises</span><span class="pp-class-374 pa t49305 l49306">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49304 l49297 ls14819">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49304 l49307 ls302">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49304 l49308">631</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49304 l49309">568</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49304 l49301">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49304 l49310 ls258">1,227</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49311 l3 ls704">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49311 l1633">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49311 l49312">38</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49311 l12742">48</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49311 l49313 ls2835">143</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49311 l49314">1,259</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49311 l49315 ls1298">1,490</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49316 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49316 l49317">19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49316 l49318">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49316 l49319">423</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49316 l49320">409</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49316 l49321">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49316 l49322">869 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49323 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49323 l49324">69</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49323 l49325 ls14819">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49323 l49326">809</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49323 l49327">403</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49323 l49328 ls78">-1,297</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49323 l49329">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49330 l3 ls144">Divestment </span><span class="pp-class-372 pa t49330 l43196 ls287">of </span><span class="pp-class-372 pa t49330 l9815 ls166">activities</span><span class="pp-class-374 pa t49331 l29937">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49330 l49332">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49330 l49333">43</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49330 l49334 ls43602">2,517</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49330 l49335">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49330 l49336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49330 l49337 ls1110">2,566 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49338 l3">Cost </span><span class="pp-class-373 pa t49338 l30289 ls1323">at </span><span class="pp-class-373 pa t49338 l48751">31 </span><span class="pp-class-373 pa t49338 l17365">December </span><span class="pp-class-373 pa t49338 l48752 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49338 l49339">949</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49338 l49340 ls1176">1,476</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49338 l49341 ls1319">20,141</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49338 l8485 ls884">4,382</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49338 l49342 ls9272">374</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49338 l49343 ls17063">27,322</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49344 l3 ls278">Depreciation </span><span class="pp-class-372 pa t49344 l8535">and </span><span class="pp-class-372 pa t49344 l8536 ls287">impairment </span><span class="pp-class-372 pa t49345 l3">losses </span><span class="pp-class-372 pa t49345 l48762 ls2835">at </span><span class="pp-class-372 pa t49345 l48763">1 </span><span class="pp-class-372 pa t49345 l11568 ls1227">January </span><span class="pp-class-372 pa t49345 l43651 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49345 l49346 ls278">104</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49345 l49347">630</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49345 l49348 ls712">9,854</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49345 l49349 ls731">1,706</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49345 l49350">12,294</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49351 l3 ls124">Foreign </span><span class="pp-class-372 pa t49351 l42531 ls230">exchange </span><span class="pp-class-372 pa t49351 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49351 l49352">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49351 l49307 ls302">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49351 l49353">-32</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49351 l49354 ls1077">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49351 l49355">-7</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49356 l3 ls278">Depreciation </span><span class="pp-class-372 pa t49356 l8535 ls110">charge</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49356 l49357">34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49356 l49358 ls2143">70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49356 l49359 ls2848">1,171</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49356 l49360">449</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49356 l49361 ls25695">1,724</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49362 l3 ls16">Reversal </span><span class="pp-class-372 pa t49362 l42367 ls287">of </span><span class="pp-class-372 pa t49362 l42368 ls287">impairment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49362 l49363">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49362 l49364">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49362 l49365">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49362 l49366">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49362 l49367">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49368 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49368 l49369 ls124">18</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49368 l49370">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49368 l49319">423</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49368 l49371 ls4819">317</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49368 l49372 ls866">769 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49373 l3 ls144">Divestment </span><span class="pp-class-372 pa t49373 l43196 ls287">of </span><span class="pp-class-372 pa t49373 l9815 ls166">activities</span><span class="pp-class-374 pa t49374 l29937">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49373 l49332">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49373 l49333">43</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49373 l49375 ls128">2,108</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49373 l49376">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49373 l49377">2,153 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49378 l3 ls854">Depreciation </span><span class="pp-class-373 pa t49378 l49379">and </span><span class="pp-class-373 pa t49378 l49380 ls287">impairment </span><span class="pp-class-373 pa t49381 l3 ls37">losses </span><span class="pp-class-373 pa t49381 l3301 ls1323">at </span><span class="pp-class-373 pa t49381 l48780">31 </span><span class="pp-class-373 pa t49381 l48781">December </span><span class="pp-class-373 pa t49381 l34146 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49381 l49382">121</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49381 l49383">655</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49381 l49384 ls1323">8,429</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49381 l8612 ls978">1,851</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49381 l49385">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49381 l49386 ls85">11,056</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49387 l3 ls2548">Carrying </span><span class="pp-class-373 pa t49387 l42889 ls907">amount </span><span class="pp-class-373 pa t49387 l48787 ls1323">at </span><span class="pp-class-373 pa t49388 l3">31 </span><span class="pp-class-373 pa t49388 l48789">December </span><span class="pp-class-373 pa t49388 l48790 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49388 l49389">828</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49388 l49390">821</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49388 l49391 ls2851">11,712</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49388 l49392 ls1733">2,531</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49388 l49342 ls9272">374</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49388 l49393 ls2835">16,266</span></p></td></tr></table></div></div><div id="pp-id-5183" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h49394 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l49261"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l49262"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l49263"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l49264"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l49265"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l49395">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49396 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49397 l49269">Land </span><span class="pp-class-373 pa t49397 l49270">and </span><span class="pp-class-373 pa t49396 l49271 ls842">buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49396 l46876 ls1818">Terminals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42098 l49273 ls907">Ferries </span><span class="pp-class-373 pa t49397 l49274">and </span><span class="pp-class-373 pa t49397 l49275 ls96">other</span><span class="pp-class-373 pa t49396 l49276">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42098 l49277 ls1166">Equip-</span><span class="pp-class-373 pa t49397 l49278 ls813">ment</span><span class="pp-class-373 pa t49396 l49279 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l49280 ls72">Assets </span><span class="pp-class-373 pa t41825 l49282">under </span><span class="pp-class-373 pa t41825 l49283">con-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42098 l49284 ls287">struction </span><span class="pp-class-373 pa t49397 l49285">and </span><span class="pp-class-373 pa t49397 l49286 ls980">pre-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49396 l49287 ls39">payments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49396 l49288 ls49289">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t9855 l3">Cost </span><span class="pp-class-372 pa t9855 l42333 ls2835">at </span><span class="pp-class-372 pa t9855 l48711">1 </span><span class="pp-class-372 pa t9855 l48712 ls1227">January </span><span class="pp-class-372 pa t9855 l48713">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t9855 l49398 ls278">616</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t9855 l49399 ls88">1,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t9855 l49400 ls1701">22,372</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t9855 l10619 ls2955">3,020</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t9855 l49401">369</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t9855 l49402 ls49403">27,771</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49404 l3 ls124">Foreign </span><span class="pp-class-372 pa t49404 l42531 ls230">exchange </span><span class="pp-class-372 pa t49404 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49404 l49405">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49404 l49406">8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49404 l49407">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49404 l49408 ls14819">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49404 l49301">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49404 l49409">54</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49410 l3 ls704">Addition </span><span class="pp-class-372 pa t49410 l47664">on </span><span class="pp-class-372 pa t49410 l47665 ls37">acquisition </span><span class="pp-class-372 pa t49410 l47666 ls287">of </span><span class="pp-class-372 pa t49411 l3 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49411 l49412">150</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49411 l49413">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49411 l49414">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49411 l49415 ls78">318</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49411 l49416 ls124">18</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49411 l49417">486</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49418 l3 ls704">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49418 l49419">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49418 l49318">31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49418 l49420">21</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49418 l49421">203</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49418 l49422 ls88">1,309</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49418 l49423 ls3190">1,575</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49424 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49424 l49363">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49424 l49425">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49424 l49426 ls1073">1,631</span><span class="pp-class-374 pa t49427 l49428">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49424 l49429">211</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49424 l49430">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49424 l49431 ls1150">1,857</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49432 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49432 l49433 ls302">79</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49432 l49434">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49432 l49435">852</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49432 l49421">298</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49432 l49436">-1,269</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49432 l49437 ls78">-18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49438 l3">Cost </span><span class="pp-class-373 pa t49438 l30289 ls1323">at </span><span class="pp-class-373 pa t49438 l48751">31 </span><span class="pp-class-373 pa t49438 l17365">December </span><span class="pp-class-373 pa t49438 l48752">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49438 l49439">862</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49438 l49440 ls81">1,453</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49438 l49441 ls85">21,636</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49438 l49442 ls852">3,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49438 l49443">415</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49438 l49444 ls53">28,012</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49445 l3 ls278">Depreciation </span><span class="pp-class-372 pa t49445 l8535">and </span><span class="pp-class-372 pa t49445 l8536 ls287">impairment </span><span class="pp-class-372 pa t49446 l3">losses </span><span class="pp-class-372 pa t49446 l48762 ls2835">at </span><span class="pp-class-372 pa t49446 l48763">1 </span><span class="pp-class-372 pa t49446 l11568 ls1227">January </span><span class="pp-class-372 pa t49446 l43651">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49446 l49447 ls1974">57</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49446 l49448">559</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49446 l49449 ls3377">9,186</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49446 l49450 ls1298">1,420</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49446 l49451">11,222</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49452 l3 ls124">Foreign </span><span class="pp-class-372 pa t49452 l42531 ls230">exchange </span><span class="pp-class-372 pa t49452 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49452 l49352">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49452 l49453">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49452 l49454">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49452 l49455">9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49452 l49456">19</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49457 l3 ls278">Depreciation </span><span class="pp-class-372 pa t49457 l8535 ls110">charge</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49457 l49458">26</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49457 l49459">67</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49457 l49460 ls1073">1,060</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49457 l49461">432</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49457 l49462 ls276">1,585</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49463 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49463 l49332">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49463 l49464">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49463 l49465">361</span><span class="pp-class-374 pa t49466 l49428">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49463 l49467">152</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49463 l49468 ls2835">514</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49469 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49469 l49470">20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49469 l49364">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49469 l49471">-36</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49469 l49472">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t49469 l49437 ls78">-18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49473 l3 ls854">Depreciation </span><span class="pp-class-373 pa t49473 l49379">and </span><span class="pp-class-373 pa t49473 l49380 ls287">impairment </span><span class="pp-class-373 pa t49474 l3 ls37">losses </span><span class="pp-class-373 pa t49474 l3301 ls1323">at </span><span class="pp-class-373 pa t49474 l48780">31 </span><span class="pp-class-373 pa t49474 l48781">December </span><span class="pp-class-373 pa t49474 l34146">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49474 l8029 ls913">104</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49474 l49475">630</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49474 l49476 ls800">9,854</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49474 l49477 ls3102">1,706</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49474 l49385">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49474 l49393">12,294</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49478 l3 ls2548">Carrying </span><span class="pp-class-373 pa t49478 l42889 ls907">amount </span><span class="pp-class-373 pa t49478 l48787 ls1323">at </span><span class="pp-class-373 pa t49479 l3">31 </span><span class="pp-class-373 pa t49479 l48789">December </span><span class="pp-class-373 pa t49479 l48790">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49479 l49480 ls728">759</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49479 l49481">823</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49479 l49482 ls3310">11,782</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49479 l49483 ls658">1,939</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49479 l49443">415</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49479 l49484 ls49485">15,717</span></p></td></tr></table><div class="pp-class-364 pp-class-395" id="pp-id-5182"><div class="w37231 h49486 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-387 pa t48448 l3">!</span><span class="pp-class-386 pa t48449 l49487"/><span class="pp-class-386 pa t48449 l49488 ls878" xmlns="http://www.w3.org/1999/xhtml">Significant </span><span class="pp-class-386 pa t48449 l49489 ls193" xmlns="http://www.w3.org/1999/xhtml">accounting </span><span class="pp-class-386 pa t48449 l49490 ls854" xmlns="http://www.w3.org/1999/xhtml">estimates</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49491 l3 ls1701">Assessment </span><span class="pp-class-383 pa t49491 l11878 ls1080">of </span><span class="pp-class-383 pa t49491 l49492 ls2486">useful </span><span class="pp-class-383 pa t49491 l49493 ls1237">life </span><span class="pp-class-383 pa t49491 l6870 ls858">and </span><span class="pp-class-383 pa t49491 l49494 ls53">residual </span><span class="pp-class-383 pa t49491 l46637 ls3477">values </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49495 l3 ls688">Estimation </span><span class="pp-class-382 pa t49495 l40233 ls103">of </span><span class="pp-class-382 pa t49495 l49496 ls1941">useful </span><span class="pp-class-382 pa t49495 l49497 ls2142">lives </span><span class="pp-class-382 pa t49495 l49498 ls1080">is </span><span class="pp-class-382 pa t49495 l13099 ls1759">based </span><span class="pp-class-382 pa t49495 l49499 ls1080">on </span><span class="pp-class-382 pa t49495 l49071 ls2127">experience. </span><span class="pp-class-382 pa t49495 l49500 ls1323">When </span><span class="pp-class-382 pa t49495 l49501 ls2784">there </span><span class="pp-class-382 pa t49495 l49502 ls1080">is </span><span class="pp-class-382 pa t49495 l49503 ls1080">an </span><span class="pp-class-382 pa t49495 l49504 ls688">indication </span><span class="pp-class-382 pa t49495 l49505 ls103">of </span><span class="pp-class-382 pa t49495 l49506 ls302">a </span><span class="pp-class-382 pa t49495 l49507 ls2486">change </span><span class="pp-class-382 pa t49495 l49508 ls1080">in </span><span class="pp-class-382 pa t49495 l49509 ls278">an </span><span class="pp-class-382 pa t49510 l3 ls1101">asset’s </span><span class="pp-class-382 pa t49510 l49511 ls1941">useful </span><span class="pp-class-382 pa t49510 l49512 ls2854">life, </span><span class="pp-class-382 pa t49510 l49513 ls53">Management </span><span class="pp-class-382 pa t49510 l49514 ls2145">revises </span><span class="pp-class-382 pa t49510 l49515 ls858">the </span><span class="pp-class-382 pa t49510 l49516 ls3105">estimates </span><span class="pp-class-382 pa t49510 l49517 ls3278">for </span><span class="pp-class-382 pa t49510 l49518 ls819">individual </span><span class="pp-class-382 pa t49510 l49519 ls238">assets </span><span class="pp-class-382 pa t49510 l49520 ls1080">or </span><span class="pp-class-382 pa t49510 l49521 ls1083">groups </span><span class="pp-class-382 pa t49510 l49522 ls103">of </span><span class="pp-class-382 pa t49510 l49523 ls238">assets </span><span class="pp-class-382 pa t49510 l49524 ls1955">with </span><span class="pp-class-382 pa t49525 l3 ls1237">similar </span><span class="pp-class-382 pa t49525 l49526 ls852">characteristics </span><span class="pp-class-382 pa t49525 l49527 ls858">due </span><span class="pp-class-382 pa t49525 l34053 ls1759">to </span><span class="pp-class-382 pa t49525 l49528 ls2787">factors </span><span class="pp-class-382 pa t49525 l49529 ls1323">such </span><span class="pp-class-382 pa t49525 l49530 ls1080">as </span><span class="pp-class-382 pa t49525 l49531 ls1237">quality </span><span class="pp-class-382 pa t49525 l49532 ls103">of </span><span class="pp-class-382 pa t49525 l49533 ls1701">maintenance </span><span class="pp-class-382 pa t49525 l49534 ls858">and </span><span class="pp-class-382 pa t49525 l45317 ls17063">repair, </span><span class="pp-class-382 pa t49525 l37219 ls1077">technical </span><span class="pp-class-382 pa t49535 l3 ls2854">development, </span><span class="pp-class-382 pa t49535 l49536 ls1080">or </span><span class="pp-class-382 pa t49535 l49537 ls1974">environmental </span><span class="pp-class-382 pa t49535 l49538 ls1974">requirements. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49539 l3 ls9967 wtro3159 wtr1724 tro3160 tr1725">Management </span><span class="pp-class-382 pa t49539 l49540 ls3105 wtro3159 wtr1724 tro3160 tr1725">has </span><span class="pp-class-382 pa t49539 l49541 ls1150 wtro3159 wtr1724 tro3160 tr1725">also </span><span class="pp-class-382 pa t49539 l49542 ls2955 wtro3159 wtr1724 tro3160 tr1725">considered </span><span class="pp-class-382 pa t49539 l49543 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t49539 l49544 ls2459 wtro3159 wtr1724 tro3160 tr1725">impact </span><span class="pp-class-382 pa t49539 l49470 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t49539 l49545 ls7752 wtro3159 wtr1724 tro3160 tr1725">decarbonisation </span><span class="pp-class-382 pa t49539 l49546 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t49539 l49547 ls1535 wtro3159 wtr1724 tro3160 tr1725">climate-related </span><span class="pp-class-382 pa t49539 l49548 ls7858 wtro3159 wtr1724 tro3160 tr1725">risks </span><span class="pp-class-382 pa t49539 l49549 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t49539 l49550 ls4305 wtro3159 wtr1724 tro3160 tr1725">useful </span><span class="pp-class-382 pa t49539 l49551 ls4305 wtro3159 wtr1724 tro3160 tr1725">lives </span><span class="pp-class-382 pa t49552 l3 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t49552 l49553 ls4652 wtro3159 wtr1724 tro3160 tr1725">existing </span><span class="pp-class-382 pa t49552 l49554 ls800 wtro3159 wtr1724 tro3160 tr1725">assets. </span><span class="pp-class-382 pa t49552 l8852 ls1150 wtro3159 wtr1724 tro3160 tr1725">Such </span><span class="pp-class-382 pa t49552 l49555 ls7858 wtro3159 wtr1724 tro3160 tr1725">risks </span><span class="pp-class-382 pa t49552 l49556 ls7855 wtro3159 wtr1724 tro3160 tr1725">include </span><span class="pp-class-382 pa t49552 l49557 ls185 wtro3159 wtr1724 tro3160 tr1725">new </span><span class="pp-class-382 pa t49552 l49558 ls1535 wtro3159 wtr1724 tro3160 tr1725">climate-related </span><span class="pp-class-382 pa t49552 l49559 ls7752 wtro3159 wtr1724 tro3160 tr1725">legislation </span><span class="pp-class-382 pa t49552 l49560 ls2143 wtro3159 wtr1724 tro3160 tr1725">restricting </span><span class="pp-class-382 pa t49552 l49561 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t49552 l49562 ls3105 wtro3159 wtr1724 tro3160 tr1725">use </span><span class="pp-class-382 pa t49552 l49563 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t49552 l49564 ls1148 wtro3159 wtr1724 tro3160 tr1725">certain </span><span class="pp-class-382 pa t49552 l49565 ls1148 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t49566 l3 ls124 wtro3159 wtr1724 tro3160 tr1725">new </span><span class="pp-class-382 pa t49566 l49567 ls907 wtro3159 wtr1724 tro3160 tr1725">technology </span><span class="pp-class-382 pa t49566 l49568 wtro3159 wtr1724 tro3160 tr1725">demanded </span><span class="pp-class-382 pa t49566 l42133 ls1955 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t49566 l49569 ls671 wtro3159 wtr1724 tro3160 tr1725">climate-related </span><span class="pp-class-382 pa t49566 l49570 ls193 wtro3159 wtr1724 tro3160 tr1725">legislation, </span><span class="pp-class-382 pa t49566 l49571 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t49566 l49572 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t49566 l49573 ls1259 wtro3159 wtr1724 tro3160 tr1725">increase </span><span class="pp-class-382 pa t49566 l49574 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t49566 l49575 ls155 wtro3159 wtr1724 tro3160 tr1725">restoration </span><span class="pp-class-382 pa t49566 l49576 ls12 wtro3159 wtr1724 tro3160 tr1725">costs </span><span class="pp-class-382 pa t49566 l48385 ls43 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t49577 l3 ls4279 wtro3159 wtr1724 tro3160 tr1725">terminal </span><span class="pp-class-382 pa t49577 l49578 ls2760 wtro3159 wtr1724 tro3160 tr1725">sites </span><span class="pp-class-382 pa t49577 l49579 ls3105 wtro3159 wtr1724 tro3160 tr1725">due </span><span class="pp-class-382 pa t49577 l49580 ls2854 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t49577 l49581 ls2787 wtro3159 wtr1724 tro3160 tr1725">change </span><span class="pp-class-382 pa t49577 l49582 ls1772 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t49577 l49583 ls7752 wtro3159 wtr1724 tro3160 tr1725">legislation. </span><span class="pp-class-382 pa t49577 l49584 ls2760 wtro3159 wtr1724 tro3160 tr1725">Residual </span><span class="pp-class-382 pa t49577 l49585 ls2769 wtro3159 wtr1724 tro3160 tr1725">values </span><span class="pp-class-382 pa t49577 l49586 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t49577 l49587 ls7096 wtro3159 wtr1724 tro3160 tr1725">ferries </span><span class="pp-class-382 pa t49577 l49588 ls3184 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t49577 l49589 ls7858 wtro3159 wtr1724 tro3160 tr1725">estimated </span><span class="pp-class-382 pa t49577 l49590 ls1974 wtro3159 wtr1724 tro3160 tr1725">based </span><span class="pp-class-382 pa t49577 l49591 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t49577 l49592 ls2760 wtro3159 wtr1724 tro3160 tr1725">steel </span><span class="pp-class-382 pa t49577 l49593 ls2787 wtro3159 wtr1724 tro3160 tr1725">prices.</span></p></div></div></div></div><div id="pp-id-5110" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls138">Primarily </span><span class="pp-class-376 pa t3433 l39152 ls1955">related </span><span class="pp-class-376 pa t3433 l2384 ls166">to </span><span class="pp-class-376 pa t3439 l3">the </span><span class="pp-class-376 pa t3439 l16246 ls124">two </span><span class="pp-class-376 pa t3439 l49594">passenger </span><span class="pp-class-376 pa t3445 l3">cruise </span><span class="pp-class-376 pa t3445 l27664 ls90">ferries </span><span class="pp-class-376 pa t3445 l49595 ls1309">Crown </span><span class="pp-class-376 pa t4202 l3 ls1077">Seaways </span><span class="pp-class-376 pa t4202 l17191">and </span><span class="pp-class-376 pa t4202 l49596 ls128">Pearl </span><span class="pp-class-376 pa t4210 l3 ls1077">Seaways </span><span class="pp-class-376 pa t4210 l17191">which </span><span class="pp-class-376 pa t4210 l49597 ls1237">were </span><span class="pp-class-376 pa t13694 l3 ls76">divested </span><span class="pp-class-376 pa t13694 l49598">as </span><span class="pp-class-376 pa t13694 l49599 ls2570">part </span><span class="pp-class-376 pa t13694 l2809 ls287">of </span><span class="pp-class-376 pa t13694 l49600">the </span><span class="pp-class-376 pa t13701 l3 ls76">Oslo-Frederikshavn-</span><span class="pp-class-376 pa t14075 l3 ls970">Copenhagen </span><span class="pp-class-376 pa t14075 l49601 ls34">route</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t4234 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t4241 l3 ls884">Reference </span><span class="pp-class-376 pa t4241 l48110 ls128">made </span><span class="pp-class-376 pa t4241 l48909 ls166">to </span><span class="pp-class-376 pa t4246 l3 ls171">note </span><span class="pp-class-376 pa t4246 l48910 ls23513">5.5.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3488 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3494 l3 ls138">Primarily </span><span class="pp-class-376 pa t3494 l39152 ls1955">related </span><span class="pp-class-376 pa t3494 l2384 ls166">to </span><span class="pp-class-376 pa t4257 l3">sale </span><span class="pp-class-376 pa t4257 l16656">and </span><span class="pp-class-376 pa t4257 l49602">lease </span><span class="pp-class-376 pa t4257 l49603 ls128">back </span><span class="pp-class-376 pa t4257 l49604 ls287">of </span><span class="pp-class-376 pa t4262 l3">the </span><span class="pp-class-376 pa t4262 l16246 ls110">three </span><span class="pp-class-376 pa t4262 l7489 ls1326">freight </span><span class="pp-class-376 pa t4262 l49605 ls90">ferries </span><span class="pp-class-376 pa t48933 l3">Hollandia </span><span class="pp-class-376 pa t48933 l6938 ls1099">Seaways, </span><span class="pp-class-376 pa t48934 l3">Humbria </span><span class="pp-class-376 pa t48934 l17543 ls1099">Seaways, </span><span class="pp-class-376 pa t48934 l8492">and </span><span class="pp-class-376 pa t49606 l3">Flandria </span><span class="pp-class-376 pa t49606 l49607 ls1077">Seaways.</span></p></div></div><div class="pp-class-10" id="pp-id-5186" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h49608 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls85">3.1.2 </span><span class="pp-class-370 pa t21055 l43638 ls1005">Non-current </span><span class="pp-class-370 pa t21055 l48689 ls72">tangible </span><span class="pp-class-370 pa t21055 l49260 ls37">assets</span><span class="pp-class-371 pa t21055 l49609"/><span class="pp-class-371 pa t21055 l49610 ls155">(continued)</span></p><div id="pp-id-5185"><div class="pp-class-363 pp-class-395" id="pp-id-5184"><div class="w37231 h49611 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls1271">Non-current </span><span class="pp-class-383 pa t30083 l48964 ls238">tangible </span><span class="pp-class-383 pa t30083 l49612 ls1305">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls858">The </span><span class="pp-class-382 pa t30087 l16631 ls4299">following </span><span class="pp-class-382 pa t30087 l45286 ls1237">applies </span><span class="pp-class-382 pa t30087 l30944 ls2486">unless </span><span class="pp-class-382 pa t30087 l49613 ls1077">otherwise </span><span class="pp-class-382 pa t30087 l34346 ls1974">stated:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30098 l3 ls302">• </span><span class="pp-class-382 pa t30098 l1592 ls48975">Assets </span><span class="pp-class-382 pa t30098 l48976 ls800">are </span><span class="pp-class-382 pa t30098 l48977 ls8853">measured </span><span class="pp-class-382 pa t30098 l48978 ls1083">at </span><span class="pp-class-382 pa t30098 l48979 ls1323">cost </span><span class="pp-class-382 pa t30098 l48980 ls1323">less </span><span class="pp-class-382 pa t30098 l48981 ls1244">accumulated </span><span class="pp-class-382 pa t30098 l48982 ls3623">depreciation </span><span class="pp-class-382 pa t30098 l49614 ls1099">and </span><span class="pp-class-382 pa t30098 l49615 ls806">impairment </span><span class="pp-class-382 pa t30098 l49616 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls1323">cost </span><span class="pp-class-382 pa t30105 l48988 ls238">includes </span><span class="pp-class-382 pa t30105 l48989 ls1759">costs </span><span class="pp-class-382 pa t30105 l48990 ls1759">to </span><span class="pp-class-382 pa t30105 l48991 ls1083">external </span><span class="pp-class-382 pa t30105 l48992 ls819">suppliers, </span><span class="pp-class-382 pa t30105 l48993 ls3105">materials </span><span class="pp-class-382 pa t30105 l48994 ls858">and </span><span class="pp-class-382 pa t30105 l48995 ls806">components, </span><span class="pp-class-382 pa t30105 l48996 ls2760">direct </span><span class="pp-class-382 pa t30105 l48997 ls3623">wages, </span><span class="pp-class-382 pa t30105 l48998 ls99">salaries </span><span class="pp-class-382 pa t30110 l1592 ls858">and </span><span class="pp-class-382 pa t30110 l48999 ls852">interests </span><span class="pp-class-382 pa t30110 l49000 ls1323">paid </span><span class="pp-class-382 pa t30110 l49001 ls1080">as </span><span class="pp-class-382 pa t30110 l49002 ls1243">from </span><span class="pp-class-382 pa t30110 l26451 ls858">the </span><span class="pp-class-382 pa t30110 l49003 ls1323">time </span><span class="pp-class-382 pa t30110 l14934 ls103">of </span><span class="pp-class-382 pa t30110 l22438 ls8853">payment </span><span class="pp-class-382 pa t30110 l49004 ls1305">until </span><span class="pp-class-382 pa t30110 l49005 ls858">the </span><span class="pp-class-382 pa t30110 l49006 ls852">date </span><span class="pp-class-382 pa t30110 l49007 ls1323">when </span><span class="pp-class-382 pa t30110 l49008 ls1099">the </span><span class="pp-class-382 pa t30110 l49009 ls296">asset </span><span class="pp-class-382 pa t30110 l49010 ls1080">is </span><span class="pp-class-382 pa t30110 l49011 ls1316">available </span><span class="pp-class-382 pa t30110 l49012 ls3278">for </span><span class="pp-class-382 pa t30110 l49013 ls99">use. </span><span class="pp-class-382 pa t37915 l1592 ls858">The </span><span class="pp-class-382 pa t37915 l48987 ls1323">cost </span><span class="pp-class-382 pa t37915 l48988 ls1759">price </span><span class="pp-class-382 pa t37915 l49617 ls1323">also </span><span class="pp-class-382 pa t37915 l49618 ls1073">comprises </span><span class="pp-class-382 pa t37915 l49003 ls1759">gains </span><span class="pp-class-382 pa t37915 l49619 ls1099">and </span><span class="pp-class-382 pa t37915 l15315 ls2486">losses </span><span class="pp-class-382 pa t37915 l49620 ls1080">on </span><span class="pp-class-382 pa t37915 l49621 ls3623">transactions </span><span class="pp-class-382 pa t37915 l49622 ls803">designated </span><span class="pp-class-382 pa t37915 l49623 ls1080">as </span><span class="pp-class-382 pa t37915 l49624 ls2486">hedges.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37930 l3 ls302">• </span><span class="pp-class-382 pa t37930 l1592 ls48986">The </span><span class="pp-class-382 pa t37930 l48987 ls1759">basis </span><span class="pp-class-382 pa t37930 l49625 ls3278">for </span><span class="pp-class-382 pa t37930 l24016 ls3623">depreciation </span><span class="pp-class-382 pa t37930 l49626 ls1080">is </span><span class="pp-class-382 pa t37930 l49627 ls2489">determined </span><span class="pp-class-382 pa t37930 l49628 ls1080">as </span><span class="pp-class-382 pa t37930 l49629 ls858">the </span><span class="pp-class-382 pa t37930 l49630 ls1323">cost </span><span class="pp-class-382 pa t37930 l49631 ls1323">less </span><span class="pp-class-382 pa t37930 l49632 ls3105">estimated </span><span class="pp-class-382 pa t37930 l49633 ls8853">residual </span><span class="pp-class-382 pa t37930 l49634 ls7855">value.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37942 l3 ls302">• </span><span class="pp-class-382 pa t37942 l1592 ls48986">The </span><span class="pp-class-382 pa t37942 l48987 ls238">assets </span><span class="pp-class-382 pa t37942 l49014 ls800">are </span><span class="pp-class-382 pa t37942 l49015 ls1194">depreciated </span><span class="pp-class-382 pa t37942 l49635 ls1080">on </span><span class="pp-class-382 pa t37942 l49636 ls302">a </span><span class="pp-class-382 pa t37942 l49637 ls1316">straight-line </span><span class="pp-class-382 pa t37942 l49638 ls1759">basis </span><span class="pp-class-382 pa t37942 l49639 ls2671">over </span><span class="pp-class-382 pa t37942 l46707 ls858">the </span><span class="pp-class-382 pa t37942 l49640 ls3105">estimated </span><span class="pp-class-382 pa t37942 l49641 ls1941">useful </span><span class="pp-class-382 pa t37942 l49642 ls3278">life </span><span class="pp-class-382 pa t37942 l49643 ls1759">to </span><span class="pp-class-382 pa t37942 l49644 ls1099">the </span><span class="pp-class-382 pa t37942 l49645 ls3278">estimated </span><span class="pp-class-382 pa t49646 l1592 ls8853">residual </span><span class="pp-class-382 pa t49646 l49647 ls7855">value.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls302">• </span><span class="pp-class-382 pa t37943 l1592 ls25707">Estimated </span><span class="pp-class-382 pa t37943 l49648 ls1941">useful </span><span class="pp-class-382 pa t37943 l49649 ls3278">life </span><span class="pp-class-382 pa t37943 l49650 ls858">and </span><span class="pp-class-382 pa t37943 l49651 ls3105">estimated </span><span class="pp-class-382 pa t37943 l49652 ls8853">residual </span><span class="pp-class-382 pa t37943 l49653 ls1150">values </span><span class="pp-class-382 pa t37943 l49654 ls800">are </span><span class="pp-class-382 pa t37943 l49655 ls2970">reassessed </span><span class="pp-class-382 pa t37943 l49656 ls1083">at </span><span class="pp-class-382 pa t37943 l49657 ls1759">least </span><span class="pp-class-382 pa t37943 l49658 ls1323">once </span><span class="pp-class-382 pa t37943 l49659 ls302">a </span><span class="pp-class-382 pa t37943 l49660 ls648">year. </span><span class="pp-class-382 pa t37943 l49661 ls278">In </span><span class="pp-class-382 pa t37948 l1592 ls688">estimating </span><span class="pp-class-382 pa t37948 l49662 ls858">the </span><span class="pp-class-382 pa t37948 l49663 ls3105">estimated </span><span class="pp-class-382 pa t37948 l49664 ls1941">useful </span><span class="pp-class-382 pa t37948 l49665 ls3278">life </span><span class="pp-class-382 pa t37948 l49666 ls3278">for </span><span class="pp-class-382 pa t37948 l49667 ls2489">ferries </span><span class="pp-class-382 pa t37948 l16862 ls1099">and </span><span class="pp-class-382 pa t37948 l49668 ls296">other </span><span class="pp-class-382 pa t37948 l49669 ls1759">ships </span><span class="pp-class-382 pa t37948 l49670 ls1080">it </span><span class="pp-class-382 pa t37948 l49671 ls1080">is </span><span class="pp-class-382 pa t37948 l49672 ls2784">taken </span><span class="pp-class-382 pa t37948 l49673 ls3474">into </span><span class="pp-class-382 pa t37948 l49674 ls852">consideration </span><span class="pp-class-382 pa t37948 l49675 ls806">that </span><span class="pp-class-382 pa t37961 l1592 ls1323">DFDS </span><span class="pp-class-382 pa t37961 l49676 ls1148">continuously </span><span class="pp-class-382 pa t37961 l49677 ls1080">is </span><span class="pp-class-382 pa t37961 l49678 ls2694">spending </span><span class="pp-class-382 pa t37961 l49679 ls1701">substantial </span><span class="pp-class-382 pa t37961 l49680 ls1759">funds </span><span class="pp-class-382 pa t37961 l49681 ls1080">on </span><span class="pp-class-382 pa t37961 l49682 ls1237">ongoing </span><span class="pp-class-382 pa t37961 l49683 ls688">maintenance.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37974 l3 ls302">• </span><span class="pp-class-382 pa t37974 l1592 ls48986">The </span><span class="pp-class-382 pa t37974 l48987 ls2142">effect </span><span class="pp-class-382 pa t37974 l49025 ls1243">from </span><span class="pp-class-382 pa t37974 l49026 ls1237">changes </span><span class="pp-class-382 pa t37974 l49027 ls1080">in </span><span class="pp-class-382 pa t37974 l49028 ls3623">depreciation </span><span class="pp-class-382 pa t37974 l49684 ls2486">period </span><span class="pp-class-382 pa t37974 l49685 ls1080">or </span><span class="pp-class-382 pa t37974 l49686 ls858">the </span><span class="pp-class-382 pa t37974 l49687 ls8853">residual </span><span class="pp-class-382 pa t37974 l49688 ls1083">value </span><span class="pp-class-382 pa t37974 l49689 ls1080">is </span><span class="pp-class-382 pa t37974 l20386 ls2970">recognised </span><span class="pp-class-382 pa t37974 l49690 ls1864">prospectively </span><span class="pp-class-382 pa t37974 l49691 ls278">as </span><span class="pp-class-382 pa t49077 l1592 ls302">a </span><span class="pp-class-382 pa t49077 l49692 ls2486">change </span><span class="pp-class-382 pa t49077 l49693 ls1080">in </span><span class="pp-class-382 pa t49077 l3997 ls858">the </span><span class="pp-class-382 pa t49077 l12205 ls53">accounting </span><span class="pp-class-382 pa t49077 l49694 ls1083">estimate.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls830">Ferries </span><span class="pp-class-383 pa t37977 l49695 ls858">and </span><span class="pp-class-383 pa t37977 l49696 ls1305">other </span><span class="pp-class-383 pa t37977 l49697 ls1323">ships</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls858">The </span><span class="pp-class-382 pa t36901 l16631 ls7756">rebuilding/upgrade </span><span class="pp-class-382 pa t36901 l43974 ls103">of </span><span class="pp-class-382 pa t36901 l10306 ls2489">ferries </span><span class="pp-class-382 pa t36901 l13016 ls858">and </span><span class="pp-class-382 pa t36901 l49698 ls296">other </span><span class="pp-class-382 pa t36901 l49699 ls1759">ships </span><span class="pp-class-382 pa t36901 l49700 ls1080">is </span><span class="pp-class-382 pa t36901 l49701 ls3474">capitalised </span><span class="pp-class-382 pa t36901 l49702 ls1080">if </span><span class="pp-class-382 pa t36901 l49703 ls1099">the </span><span class="pp-class-382 pa t36901 l49704 ls7756">rebuilding/upgrade </span><span class="pp-class-382 pa t36901 l49705 ls858">can </span><span class="pp-class-382 pa t36901 l49706 ls278">be </span><span class="pp-class-382 pa t36903 l3 ls3623">attributed </span><span class="pp-class-382 pa t36903 l49707 ls1759">to:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36920 l3 ls302">• </span><span class="pp-class-382 pa t36920 l1592 ls45899">Safety </span><span class="pp-class-382 pa t36920 l49708 ls8853">measures.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36928 l3 ls302">• </span><span class="pp-class-382 pa t36928 l1592 ls49709">Measures </span><span class="pp-class-382 pa t36928 l49710 ls1759">to </span><span class="pp-class-382 pa t36928 l49711 ls4305">extend </span><span class="pp-class-382 pa t36928 l49712 ls858">the </span><span class="pp-class-382 pa t36928 l49713 ls1941">useful </span><span class="pp-class-382 pa t36928 l49543 ls3278">life </span><span class="pp-class-382 pa t36928 l49714 ls103">of </span><span class="pp-class-382 pa t36928 l49715 ls858">the </span><span class="pp-class-382 pa t36928 l49716 ls2489">ferries </span><span class="pp-class-382 pa t36928 l49717 ls858">and </span><span class="pp-class-382 pa t36928 l49718 ls296">other </span><span class="pp-class-382 pa t36928 l49719 ls1759">ships.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t38016 l3 ls302">• </span><span class="pp-class-382 pa t38016 l1592 ls49709">Measures </span><span class="pp-class-382 pa t38016 l49710 ls1759">to </span><span class="pp-class-382 pa t38016 l49711 ls1083">reduce </span><span class="pp-class-382 pa t38016 l449 ls2970">climate </span><span class="pp-class-382 pa t38016 l49720 ls1772">impact.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49235 l3 ls302">• </span><span class="pp-class-382 pa t49235 l1592 ls49709">Measures </span><span class="pp-class-382 pa t49235 l49710 ls1759">to </span><span class="pp-class-382 pa t49235 l49711 ls2143">improve </span><span class="pp-class-382 pa t49235 l49721 ls2694">earnings.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t38021 l3 ls302">• </span><span class="pp-class-382 pa t38021 l1592 ls20786">Docking.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t38039 l3 ls1701">Maintenance </span><span class="pp-class-382 pa t38039 l30890 ls858">and </span><span class="pp-class-382 pa t38039 l49722 ls7094">daily </span><span class="pp-class-382 pa t38039 l49723 ls1237">running </span><span class="pp-class-382 pa t38039 l17625 ls1759">costs </span><span class="pp-class-382 pa t38039 l49724 ls3278">for </span><span class="pp-class-382 pa t38039 l49725 ls858">the </span><span class="pp-class-382 pa t38039 l49726 ls2489">ferries </span><span class="pp-class-382 pa t38039 l49727 ls858">and </span><span class="pp-class-382 pa t38039 l49728 ls296">other </span><span class="pp-class-382 pa t38039 l49729 ls1759">ships </span><span class="pp-class-382 pa t38039 l49730 ls800">are </span><span class="pp-class-382 pa t38039 l49731 ls8853">expensed </span><span class="pp-class-382 pa t38039 l49732 ls1080">in </span><span class="pp-class-382 pa t38039 l49733 ls1099">the </span><span class="pp-class-382 pa t38039 l49734 ls1110">income </span><span class="pp-class-382 pa t49735 l3 ls1150">statement </span><span class="pp-class-382 pa t49735 l4002 ls1080">as </span><span class="pp-class-382 pa t49735 l49736 ls960">incurred. </span><span class="pp-class-382 pa t49735 l49737 ls1237">Docking </span><span class="pp-class-382 pa t49735 l49738 ls1759">costs </span><span class="pp-class-382 pa t49735 l49739 ls800">are </span><span class="pp-class-382 pa t49735 l49740 ls3474">capitalised </span><span class="pp-class-382 pa t49735 l49741 ls858">and </span><span class="pp-class-382 pa t49735 l49742 ls1194">depreciated </span><span class="pp-class-382 pa t49735 l49743 ls1080">on </span><span class="pp-class-382 pa t49735 l49744 ls302">a </span><span class="pp-class-382 pa t49735 l49745 ls1316">straight-line </span><span class="pp-class-382 pa t49735 l49746 ls1759">basis </span><span class="pp-class-382 pa t49735 l49747 ls1110">until </span><span class="pp-class-382 pa t49748 l3 ls858">the </span><span class="pp-class-382 pa t49748 l43824 ls1321">ferries' </span><span class="pp-class-382 pa t49748 l49749 ls1080">or </span><span class="pp-class-382 pa t49748 l49750 ls2486">ships' </span><span class="pp-class-382 pa t49748 l49751 ls1243">next </span><span class="pp-class-382 pa t49748 l49752 ls2694">docking. </span><span class="pp-class-382 pa t49748 l49753 ls1080">In </span><span class="pp-class-382 pa t49748 l49754 ls1323">most </span><span class="pp-class-382 pa t49748 l49755 ls2486">cases, </span><span class="pp-class-382 pa t49748 l49756 ls858">the </span><span class="pp-class-382 pa t49748 l49757 ls1237">docking </span><span class="pp-class-382 pa t49748 l49758 ls2842">interval </span><span class="pp-class-382 pa t49748 l49759 ls1080">is </span><span class="pp-class-382 pa t49748 l49760 ls302">2 </span><span class="pp-class-382 pa t49748 l49761 ls2142">years </span><span class="pp-class-382 pa t49748 l49762 ls3278">for </span><span class="pp-class-382 pa t49748 l49763 ls1073">passenger </span><span class="pp-class-382 pa t49748 l49764 ls1110">cruise </span><span class="pp-class-382 pa t49765 l3 ls2489">ferries </span><span class="pp-class-382 pa t49765 l49766 ls858">and </span><span class="pp-class-382 pa t49765 l46034 ls1080">2½ </span><span class="pp-class-382 pa t49765 l49767 ls2142">years </span><span class="pp-class-382 pa t49765 l17433 ls3278">for </span><span class="pp-class-382 pa t49765 l49768 ls852">freight </span><span class="pp-class-382 pa t49765 l49769 ls858">and </span><span class="pp-class-382 pa t49765 l49770 ls1073">passenger </span><span class="pp-class-382 pa t49765 l49771 ls2489">ferries </span><span class="pp-class-382 pa t49765 l49772 ls1080">as </span><span class="pp-class-382 pa t49765 l49773 ls960">well </span><span class="pp-class-382 pa t49765 l49774 ls1080">as </span><span class="pp-class-382 pa t49765 l49775 ls852">freight </span><span class="pp-class-382 pa t49765 l49776 ls2489">ferries.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1759">Gains </span><span class="pp-class-382 pa t49777 l49778 ls1080">or </span><span class="pp-class-382 pa t49777 l49779 ls2486">losses </span><span class="pp-class-382 pa t49777 l49780 ls1080">on </span><span class="pp-class-382 pa t49777 l48713 ls858">the </span><span class="pp-class-382 pa t49777 l49781 ls2694">disposal </span><span class="pp-class-382 pa t49777 l49197 ls103">of </span><span class="pp-class-382 pa t49777 l49782 ls2489">ferries </span><span class="pp-class-382 pa t49777 l49783 ls1099">and </span><span class="pp-class-382 pa t49777 l49784 ls296">other </span><span class="pp-class-382 pa t49777 l49785 ls1759">ships </span><span class="pp-class-382 pa t49777 l49786 ls800">are </span><span class="pp-class-382 pa t49777 l49787 ls803">calculated </span><span class="pp-class-382 pa t49777 l49788 ls1080">as </span><span class="pp-class-382 pa t49777 l49789 ls858">the </span><span class="pp-class-382 pa t49777 l49790 ls1974">difference </span><span class="pp-class-382 pa t49777 l49791 ls688">between </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1759">sales </span><span class="pp-class-382 pa t49792 l18526 ls1759">price </span><span class="pp-class-382 pa t49792 l49793 ls1323">less </span><span class="pp-class-382 pa t49792 l42422 ls1759">sales </span><span class="pp-class-382 pa t49792 l49794 ls1759">costs </span><span class="pp-class-382 pa t49792 l49795 ls858">and </span><span class="pp-class-382 pa t49792 l49796 ls858">the </span><span class="pp-class-382 pa t49792 l49797 ls1323">book </span><span class="pp-class-382 pa t49792 l49798 ls1083">value </span><span class="pp-class-382 pa t49792 l49799 ls1083">at </span><span class="pp-class-382 pa t49792 l49800 ls2694">disposal </span><span class="pp-class-382 pa t49792 l49801 ls2688">date. </span><span class="pp-class-382 pa t49792 l49802 ls1759">Gains </span><span class="pp-class-382 pa t49792 l49803 ls1080">or </span><span class="pp-class-382 pa t49792 l49804 ls2486">losses </span><span class="pp-class-382 pa t49792 l49805 ls1080">on </span><span class="pp-class-382 pa t49792 l49806 ls1099">the </span><span class="pp-class-382 pa t49792 l49807 ls99">disposal </span><span class="pp-class-382 pa t49808 l3 ls103">of </span><span class="pp-class-382 pa t49808 l29517 ls2489">ferries </span><span class="pp-class-382 pa t49808 l49809 ls858">and </span><span class="pp-class-382 pa t49808 l49810 ls296">other </span><span class="pp-class-382 pa t49808 l49811 ls1759">ships </span><span class="pp-class-382 pa t49808 l49812 ls800">are </span><span class="pp-class-382 pa t49808 l49813 ls2970">recognised </span><span class="pp-class-382 pa t49808 l49814 ls1323">when </span><span class="pp-class-382 pa t49808 l49815 ls852">control </span><span class="pp-class-382 pa t49808 l49816 ls185">have </span><span class="pp-class-382 pa t49808 l49817 ls864">transferred </span><span class="pp-class-382 pa t49808 l49818 ls1759">to </span><span class="pp-class-382 pa t49808 l49819 ls1099">the </span><span class="pp-class-382 pa t49808 l49820 ls2142">buyer </span><span class="pp-class-382 pa t49808 l49821 ls1099">and </span><span class="pp-class-382 pa t49808 l49822 ls2970">are </span><span class="pp-class-382 pa t49823 l3 ls852">presented </span><span class="pp-class-382 pa t49823 l49824 ls1080">in </span><span class="pp-class-382 pa t49823 l42826 ls858">the </span><span class="pp-class-382 pa t49823 l37670 ls2486">income </span><span class="pp-class-382 pa t49823 l49825 ls1150">statement </span><span class="pp-class-382 pa t49823 l17570 ls1080">as </span><span class="pp-class-382 pa t49823 l49826 ls1148">‘Profit </span><span class="pp-class-382 pa t49823 l49827 ls1080">on </span><span class="pp-class-382 pa t49823 l49828 ls2694">disposal </span><span class="pp-class-382 pa t49823 l47897 ls103">of </span><span class="pp-class-382 pa t49823 l49829 ls1101">non-current </span><span class="pp-class-382 pa t49823 l49830 ls3474">assets, </span><span class="pp-class-382 pa t49823 l49831 ls10753">net’.</span></p></div></div></div></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5187" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h49832 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span><span class="pp-class-386 pa t640 l49833"/><span class="pp-class-388 pa t640 l30560"/><span class="pp-class-388 pa t640 l49834 ls168">(continued)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30083 l3 ls806">Passenger </span><span class="pp-class-383 pa t30083 l17137 ls2486">cruise </span><span class="pp-class-383 pa t30083 l10216 ls830">ferries </span><span class="pp-class-383 pa t30083 l49835 ls858">and </span><span class="pp-class-383 pa t30083 l43114 ls1101">freight </span><span class="pp-class-383 pa t30083 l49836 ls858">and </span><span class="pp-class-383 pa t30083 l47164 ls1073">passenger </span><span class="pp-class-383 pa t30083 l49837 ls1759">(ro-pax) </span><span class="pp-class-383 pa t30083 l49838 ls1118">ferries</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30087 l3 ls858">Due </span><span class="pp-class-382 pa t30087 l33767 ls1759">to </span><span class="pp-class-382 pa t30087 l49839 ls1868">differences </span><span class="pp-class-382 pa t30087 l49840 ls1080">in </span><span class="pp-class-382 pa t30087 l16336 ls858">the </span><span class="pp-class-382 pa t30087 l49841 ls960">wear </span><span class="pp-class-382 pa t30087 l49842 ls103">of </span><span class="pp-class-382 pa t30087 l49843 ls99">certain </span><span class="pp-class-382 pa t30087 l49844 ls806">components </span><span class="pp-class-382 pa t30087 l49845 ls103">of </span><span class="pp-class-382 pa t30087 l49846 ls1073">passenger </span><span class="pp-class-382 pa t30087 l49847 ls2486">cruise </span><span class="pp-class-382 pa t30087 l49848 ls2489">ferries </span><span class="pp-class-382 pa t30087 l49849 ls858">and </span><span class="pp-class-382 pa t30087 l49850 ls1759">ro-pax </span><span class="pp-class-382 pa t30087 l49851 ls1073">ferries, </span><span class="pp-class-382 pa t30093 l3 ls858">the </span><span class="pp-class-382 pa t30093 l43824 ls1323">cost </span><span class="pp-class-382 pa t30093 l49852 ls103">of </span><span class="pp-class-382 pa t30093 l49853 ls1759">these </span><span class="pp-class-382 pa t30093 l2809 ls2489">ferries </span><span class="pp-class-382 pa t30093 l49854 ls1080">is </span><span class="pp-class-382 pa t30093 l49855 ls1237">divided </span><span class="pp-class-382 pa t30093 l49856 ls3474">into </span><span class="pp-class-382 pa t30093 l49857 ls806">components </span><span class="pp-class-382 pa t30093 l49858 ls1323">with </span><span class="pp-class-382 pa t30093 l49859 ls1150">low </span><span class="pp-class-382 pa t30093 l49860 ls648">wear, </span><span class="pp-class-382 pa t30093 l49861 ls1323">such </span><span class="pp-class-382 pa t30093 l49862 ls1080">as </span><span class="pp-class-382 pa t30093 l49863 ls1323">hull </span><span class="pp-class-382 pa t30093 l49864 ls1099">and </span><span class="pp-class-382 pa t30093 l49865 ls1701">engine, </span><span class="pp-class-382 pa t30093 l49866 ls302">and </span><span class="pp-class-382 pa t30098 l3 ls806">components </span><span class="pp-class-382 pa t30098 l31669 ls1323">with </span><span class="pp-class-382 pa t30098 l49867 ls1323">high </span><span class="pp-class-382 pa t30098 l49868 ls648">wear, </span><span class="pp-class-382 pa t30098 l36795 ls1323">such </span><span class="pp-class-382 pa t30098 l49869 ls1080">as </span><span class="pp-class-382 pa t30098 l49870 ls155">parts </span><span class="pp-class-382 pa t30098 l49871 ls103">of </span><span class="pp-class-382 pa t30098 l49872 ls858">the </span><span class="pp-class-382 pa t30098 l49873 ls53">hotel, </span><span class="pp-class-382 pa t30098 l49874 ls2769">catering/restaurants, </span><span class="pp-class-382 pa t30098 l49875 ls858">and </span><span class="pp-class-382 pa t30098 l44780 ls1323">shop </span><span class="pp-class-382 pa t30098 l49876 ls2784">areas.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30110 l3 ls1101">Freight </span><span class="pp-class-383 pa t30110 l13544 ls830">ferries </span><span class="pp-class-383 pa t30110 l11267 ls7094">(ro-ro)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37915 l3 ls858">The </span><span class="pp-class-382 pa t37915 l16631 ls1323">cost </span><span class="pp-class-382 pa t37915 l49877 ls103">of </span><span class="pp-class-382 pa t37915 l49878 ls852">freight </span><span class="pp-class-382 pa t37915 l49879 ls2489">ferries </span><span class="pp-class-382 pa t37915 l49880 ls1080">is </span><span class="pp-class-382 pa t37915 l49881 ls830">not </span><span class="pp-class-382 pa t37915 l49882 ls1237">divided </span><span class="pp-class-382 pa t37915 l49883 ls3474">into </span><span class="pp-class-382 pa t37915 l49884 ls806">components </span><span class="pp-class-382 pa t37915 l49885 ls1080">as </span><span class="pp-class-382 pa t37915 l49886 ls2784">there </span><span class="pp-class-382 pa t37915 l49887 ls1080">is </span><span class="pp-class-382 pa t37915 l49888 ls1080">no </span><span class="pp-class-382 pa t37915 l49889 ls2142">material </span><span class="pp-class-382 pa t37915 l49890 ls1974">difference </span><span class="pp-class-382 pa t37915 l49891 ls1080">in </span><span class="pp-class-382 pa t37915 l49892 ls1099">the </span><span class="pp-class-382 pa t37915 l49893 ls3474">wear </span><span class="pp-class-382 pa t37930 l3 ls103">of </span><span class="pp-class-382 pa t37930 l29517 ls858">the </span><span class="pp-class-382 pa t37930 l18645 ls728">various </span><span class="pp-class-382 pa t37930 l49894 ls806">components </span><span class="pp-class-382 pa t37930 l49895 ls103">of </span><span class="pp-class-382 pa t37930 l27879 ls852">freight </span><span class="pp-class-382 pa t37930 l49896 ls2489">ferries.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t49646 l3 ls2127">Depreciation </span><span class="pp-class-383 pa t49646 l30948 ls302">– </span><span class="pp-class-383 pa t49646 l49897 ls4305">expected </span><span class="pp-class-383 pa t49646 l49898 ls2486">useful </span><span class="pp-class-383 pa t49646 l49899 ls1237">life </span><span class="pp-class-383 pa t49646 l17606 ls1099">and </span><span class="pp-class-383 pa t49646 l49900 ls53">residual </span><span class="pp-class-383 pa t49646 l15396 ls728">value </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls3623">depreciation </span><span class="pp-class-382 pa t37943 l49901 ls2486">period </span><span class="pp-class-382 pa t37943 l49902 ls3278">for </span><span class="pp-class-382 pa t37943 l49903 ls806">components </span><span class="pp-class-382 pa t37943 l49904 ls1323">with </span><span class="pp-class-382 pa t37943 l11743 ls1150">low </span><span class="pp-class-382 pa t37943 l49905 ls960">wear </span><span class="pp-class-382 pa t37943 l49906 ls1080">is </span><span class="pp-class-382 pa t37943 l49907 ls1080">35 </span><span class="pp-class-382 pa t37943 l49908 ls2142">years </span><span class="pp-class-382 pa t37943 l19122 ls3278">for </span><span class="pp-class-382 pa t37943 l49909 ls806">both </span><span class="pp-class-382 pa t37943 l49910 ls1759">ro-pax </span><span class="pp-class-382 pa t37943 l49911 ls1099">and </span><span class="pp-class-382 pa t37943 l49912 ls1083">ro-ro </span><span class="pp-class-382 pa t37943 l49913 ls1305">ferries </span><span class="pp-class-382 pa t37948 l3 ls1243">from </span><span class="pp-class-382 pa t37948 l49226 ls1099">the </span><span class="pp-class-382 pa t37948 l49914 ls960">year </span><span class="pp-class-382 pa t37948 l49915 ls1080">in </span><span class="pp-class-382 pa t37948 l49916 ls1759">which </span><span class="pp-class-382 pa t37948 l49917 ls858">the </span><span class="pp-class-382 pa t37948 l34488 ls869">ferry </span><span class="pp-class-382 pa t37948 l49918 ls1150">was </span><span class="pp-class-382 pa t37948 l49919 ls1319">built. </span><span class="pp-class-382 pa t37948 l49920 ls858">The </span><span class="pp-class-382 pa t37948 l49921 ls3623">depreciation </span><span class="pp-class-382 pa t37948 l49922 ls2486">period </span><span class="pp-class-382 pa t37948 l49923 ls3278">for </span><span class="pp-class-382 pa t37948 l49924 ls1073">passenger </span><span class="pp-class-382 pa t37948 l49925 ls2486">cruise </span><span class="pp-class-382 pa t37948 l49926 ls2489">ferries </span><span class="pp-class-382 pa t37948 l49927 ls1080">is </span><span class="pp-class-382 pa t37948 l49928 ls278">45 </span><span class="pp-class-382 pa t37961 l3 ls2142">years.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37974 l3 ls858">The </span><span class="pp-class-382 pa t37974 l16631 ls8853">residual </span><span class="pp-class-382 pa t37974 l49929 ls1083">value </span><span class="pp-class-382 pa t37974 l49930 ls103">of </span><span class="pp-class-382 pa t37974 l49931 ls2489">ferries </span><span class="pp-class-382 pa t37974 l49932 ls1080">is </span><span class="pp-class-382 pa t37974 l40533 ls3105">estimated </span><span class="pp-class-382 pa t37974 l49933 ls1080">as </span><span class="pp-class-382 pa t37974 l49934 ls858">the </span><span class="pp-class-382 pa t37974 l49935 ls828">expected </span><span class="pp-class-382 pa t37974 l49936 ls3278">fair </span><span class="pp-class-382 pa t37974 l49937 ls1083">value </span><span class="pp-class-382 pa t37974 l49938 ls1083">at </span><span class="pp-class-382 pa t37974 l47994 ls1099">the </span><span class="pp-class-382 pa t37974 l49939 ls858">end </span><span class="pp-class-382 pa t37974 l49940 ls103">of </span><span class="pp-class-382 pa t37974 l49941 ls1759">their </span><span class="pp-class-382 pa t37974 l49942 ls1941">useful </span><span class="pp-class-382 pa t37974 l49943 ls1244">lifetime.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37975 l3 ls53">Management </span><span class="pp-class-382 pa t37975 l3968 ls858">has </span><span class="pp-class-382 pa t37975 l49944 ls1323">also </span><span class="pp-class-382 pa t37975 l49945 ls2970">considered </span><span class="pp-class-382 pa t37975 l49946 ls858">the </span><span class="pp-class-382 pa t37975 l49947 ls728">impact </span><span class="pp-class-382 pa t37975 l49948 ls103">of </span><span class="pp-class-382 pa t37975 l49949 ls2842">decarbonisation </span><span class="pp-class-382 pa t37975 l49950 ls1099">and </span><span class="pp-class-382 pa t37975 l49951 ls1150">climate-related </span><span class="pp-class-382 pa t37975 l49952 ls2970">risks </span><span class="pp-class-382 pa t37975 l49953 ls1080">on </span><span class="pp-class-382 pa t37975 l49954 ls302">the </span><span class="pp-class-382 pa t37977 l3 ls1941">useful </span><span class="pp-class-382 pa t37977 l49955 ls2142">lives </span><span class="pp-class-382 pa t37977 l49956 ls103">of </span><span class="pp-class-382 pa t37977 l49957 ls8853">existing </span><span class="pp-class-382 pa t37977 l49958 ls3474">assets. </span><span class="pp-class-382 pa t37977 l49959 ls1323">Such </span><span class="pp-class-382 pa t37977 l49960 ls2970">risks </span><span class="pp-class-382 pa t37977 l49961 ls296">include </span><span class="pp-class-382 pa t37977 l20559 ls1150">new </span><span class="pp-class-382 pa t37977 l49962 ls1150">climate-related </span><span class="pp-class-382 pa t37977 l49909 ls688">legislation </span><span class="pp-class-382 pa t37977 l49963 ls4299">restricting </span><span class="pp-class-382 pa t37977 l49964 ls858">the </span><span class="pp-class-382 pa t37977 l49965 ls1099">use </span><span class="pp-class-382 pa t37977 l49966 ls134">of </span><span class="pp-class-382 pa t36901 l3 ls99">certain </span><span class="pp-class-382 pa t36901 l49967 ls3474">assets, </span><span class="pp-class-382 pa t36901 l49968 ls1150">new </span><span class="pp-class-382 pa t36901 l3084 ls238">technology </span><span class="pp-class-382 pa t36901 l49969 ls2694">demanded </span><span class="pp-class-382 pa t36901 l49970 ls2784">by </span><span class="pp-class-382 pa t36901 l49971 ls1150">climate-related </span><span class="pp-class-382 pa t36901 l49972 ls2113">legislation, </span><span class="pp-class-382 pa t36901 l49973 ls1099">and </span><span class="pp-class-382 pa t36901 l49974 ls858">the </span><span class="pp-class-382 pa t36901 l49975 ls8853">increase </span><span class="pp-class-382 pa t36901 l49976 ls278">in </span><span class="pp-class-382 pa t36903 l3 ls2459">restoration </span><span class="pp-class-382 pa t36903 l16238 ls1759">costs </span><span class="pp-class-382 pa t36903 l49977 ls3278">for </span><span class="pp-class-382 pa t36903 l13200 ls296">terminal </span><span class="pp-class-382 pa t36903 l49978 ls1118">sites </span><span class="pp-class-382 pa t36903 l49979 ls858">due </span><span class="pp-class-382 pa t36903 l34537 ls1759">to </span><span class="pp-class-382 pa t36903 l49980 ls1150">new </span><span class="pp-class-382 pa t36903 l48052 ls2147">and/or </span><span class="pp-class-382 pa t36903 l49981 ls1243">more </span><span class="pp-class-382 pa t36903 l49982 ls1974">comprehensive </span><span class="pp-class-382 pa t36903 l49983 ls2694">policies.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t36920 l3 ls1759">Other </span><span class="pp-class-383 pa t36920 l49181 ls1271">non-current </span><span class="pp-class-383 pa t36920 l49182 ls238">tangible </span><span class="pp-class-383 pa t36920 l18546 ls1305">assets</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t36928 l3 ls1759">Other </span><span class="pp-class-382 pa t36928 l49184 ls1101">non-current </span><span class="pp-class-382 pa t36928 l49185 ls296">tangible </span><span class="pp-class-382 pa t36928 l16742 ls238">assets </span><span class="pp-class-382 pa t36928 l49984 ls2694">comprise </span><span class="pp-class-382 pa t36928 l49985 ls819">buildings, </span><span class="pp-class-382 pa t36928 l49986 ls296">terminals </span><span class="pp-class-382 pa t36928 l46357 ls858">and </span><span class="pp-class-382 pa t36928 l48851 ls4396">machinery, </span><span class="pp-class-382 pa t36928 l49987 ls1118">tools </span><span class="pp-class-382 pa t36928 l49988 ls302">and </span><span class="pp-class-382 pa t38016 l3 ls1941">equipment, </span><span class="pp-class-382 pa t38016 l49149 ls858">and </span><span class="pp-class-382 pa t38016 l49989 ls1073">leasehold </span><span class="pp-class-382 pa t38016 l49990 ls2145">improvements.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t38021 l3 ls858">The </span><span class="pp-class-383 pa t38021 l49991 ls6360">estimated </span><span class="pp-class-383 pa t38021 l49992 ls2486">useful </span><span class="pp-class-383 pa t38021 l49993 ls1271">lifetimes </span><span class="pp-class-383 pa t38021 l49994 ls1101">are </span><span class="pp-class-383 pa t38021 l34654 ls1080">as </span><span class="pp-class-383 pa t38021 l49995 ls864">follows:</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t38039 l3 ls302">• </span><span class="pp-class-382 pa t38039 l1592 ls49996">Buildings </span><span class="pp-class-382 pa t38039 l49997 ls1080">25-50 </span><span class="pp-class-382 pa t38039 l49998 ls960">years</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49735 l3 ls302">• </span><span class="pp-class-382 pa t49735 l1592 ls49999">Terminals </span><span class="pp-class-382 pa t49735 l11869 ls1868">etc. </span><span class="pp-class-382 pa t49735 l49997 ls1759">10-40 </span><span class="pp-class-382 pa t49735 l50000 ls960">years</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49748 l3 ls302">• </span><span class="pp-class-382 pa t49748 l1592 ls50001">Equipment </span><span class="pp-class-382 pa t49748 l50002 ls1868">etc. </span><span class="pp-class-382 pa t49748 l49997 ls1323">4-10 </span><span class="pp-class-382 pa t49748 l50003 ls960">years</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49765 l3 ls302">• </span><span class="pp-class-382 pa t49765 l1592 ls49996">Leasehold </span><span class="pp-class-382 pa t49765 l50004 ls2145">improvements </span><span class="pp-class-382 pa t49765 l49997 ls1323">Max. </span><span class="pp-class-382 pa t49765 l50005 ls1194">depreciated </span><span class="pp-class-382 pa t49765 l50006 ls2671">over </span><span class="pp-class-382 pa t49765 l50007 ls1099">the </span><span class="pp-class-382 pa t49765 l50008 ls1073">term </span><span class="pp-class-382 pa t49765 l50009 ls103">of </span><span class="pp-class-382 pa t49765 l50010 ls858">the </span><span class="pp-class-382 pa t49765 l50011 ls1080">lease </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49777 l3 ls1759">Gains </span><span class="pp-class-382 pa t49777 l49778 ls1080">or </span><span class="pp-class-382 pa t49777 l49779 ls2486">losses </span><span class="pp-class-382 pa t49777 l49780 ls1237">arising </span><span class="pp-class-382 pa t49777 l6146 ls1243">from </span><span class="pp-class-382 pa t49777 l50012 ls858">the </span><span class="pp-class-382 pa t49777 l50013 ls2694">disposal </span><span class="pp-class-382 pa t49777 l50014 ls103">of </span><span class="pp-class-382 pa t49777 l50015 ls296">other </span><span class="pp-class-382 pa t49777 l34011 ls1101">non-current </span><span class="pp-class-382 pa t49777 l50016 ls296">tangible </span><span class="pp-class-382 pa t49777 l50017 ls238">assets </span><span class="pp-class-382 pa t49777 l44207 ls800">are </span><span class="pp-class-382 pa t49777 l50018 ls803">calculated </span><span class="pp-class-382 pa t49777 l50019 ls1080">as </span><span class="pp-class-382 pa t49777 l50020 ls302">the </span><span class="pp-class-382 pa t49792 l3 ls1974">difference </span><span class="pp-class-382 pa t49792 l46078 ls1244">between </span><span class="pp-class-382 pa t49792 l46617 ls858">the </span><span class="pp-class-382 pa t49792 l26498 ls1759">sales </span><span class="pp-class-382 pa t49792 l50021 ls1759">price </span><span class="pp-class-382 pa t49792 l50022 ls1323">less </span><span class="pp-class-382 pa t49792 l50023 ls1759">sales </span><span class="pp-class-382 pa t49792 l50024 ls1759">costs </span><span class="pp-class-382 pa t49792 l50025 ls858">and </span><span class="pp-class-382 pa t49792 l50026 ls1099">the </span><span class="pp-class-382 pa t49792 l50027 ls1323">book </span><span class="pp-class-382 pa t49792 l37325 ls1083">value </span><span class="pp-class-382 pa t49792 l50028 ls1083">at </span><span class="pp-class-382 pa t49792 l50029 ls2694">disposal </span><span class="pp-class-382 pa t49792 l50030 ls2688">date. </span><span class="pp-class-382 pa t49792 l50031 ls1759">Gains </span><span class="pp-class-382 pa t49792 l50032 ls278">or </span><span class="pp-class-382 pa t49808 l3 ls2486">losses </span><span class="pp-class-382 pa t49808 l16285 ls1080">on </span><span class="pp-class-382 pa t49808 l50033 ls1099">the </span><span class="pp-class-382 pa t49808 l50034 ls2694">disposal </span><span class="pp-class-382 pa t49808 l50035 ls103">of </span><span class="pp-class-382 pa t49808 l3654 ls1759">these </span><span class="pp-class-382 pa t49808 l50036 ls1101">non-current </span><span class="pp-class-382 pa t49808 l50037 ls238">assets </span><span class="pp-class-382 pa t49808 l50038 ls800">are </span><span class="pp-class-382 pa t49808 l50039 ls2970">recognised </span><span class="pp-class-382 pa t49808 l50040 ls1080">in </span><span class="pp-class-382 pa t49808 l50041 ls858">the </span><span class="pp-class-382 pa t49808 l50042 ls2486">income </span><span class="pp-class-382 pa t49808 l50043 ls1150">statement </span><span class="pp-class-382 pa t49808 l50044 ls1080">as </span><span class="pp-class-382 pa t49808 l50045 ls3477">‘Profit </span><span class="pp-class-382 pa t49823 l3 ls1080">on </span><span class="pp-class-382 pa t49823 l50046 ls2694">disposal </span><span class="pp-class-382 pa t49823 l29589 ls103">of </span><span class="pp-class-382 pa t49823 l50047 ls1101">non-current </span><span class="pp-class-382 pa t49823 l50048 ls3474">assets, </span><span class="pp-class-382 pa t49823 l13242 ls806">net'.</span></p></div></div> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls1271">Non-current </span><span class="pp-class-383 pa t30083 l48964 ls238">tangible </span><span class="pp-class-383 pa t30083 l49612 ls1305">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls858">The </span><span class="pp-class-382 pa t30087 l16631 ls4299">following </span><span class="pp-class-382 pa t30087 l45286 ls1237">applies </span><span class="pp-class-382 pa t30087 l30944 ls2486">unless </span><span class="pp-class-382 pa t30087 l49613 ls1077">otherwise </span><span class="pp-class-382 pa t30087 l34346 ls1974">stated:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30098 l3 ls302">• </span><span class="pp-class-382 pa t30098 l1592 ls48975">Assets </span><span class="pp-class-382 pa t30098 l48976 ls800">are </span><span class="pp-class-382 pa t30098 l48977 ls8853">measured </span><span class="pp-class-382 pa t30098 l48978 ls1083">at </span><span class="pp-class-382 pa t30098 l48979 ls1323">cost </span><span class="pp-class-382 pa t30098 l48980 ls1323">less </span><span class="pp-class-382 pa t30098 l48981 ls1244">accumulated </span><span class="pp-class-382 pa t30098 l48982 ls3623">depreciation </span><span class="pp-class-382 pa t30098 l49614 ls1099">and </span><span class="pp-class-382 pa t30098 l49615 ls806">impairment </span><span class="pp-class-382 pa t30098 l49616 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30105 l3 ls302">• </span><span class="pp-class-382 pa t30105 l1592 ls48986">The </span><span class="pp-class-382 pa t30105 l48987 ls1323">cost </span><span class="pp-class-382 pa t30105 l48988 ls238">includes </span><span class="pp-class-382 pa t30105 l48989 ls1759">costs </span><span class="pp-class-382 pa t30105 l48990 ls1759">to </span><span class="pp-class-382 pa t30105 l48991 ls1083">external </span><span class="pp-class-382 pa t30105 l48992 ls819">suppliers, </span><span class="pp-class-382 pa t30105 l48993 ls3105">materials </span><span class="pp-class-382 pa t30105 l48994 ls858">and </span><span class="pp-class-382 pa t30105 l48995 ls806">components, </span><span class="pp-class-382 pa t30105 l48996 ls2760">direct </span><span class="pp-class-382 pa t30105 l48997 ls3623">wages, </span><span class="pp-class-382 pa t30105 l48998 ls99">salaries </span><span class="pp-class-382 pa t30110 l1592 ls858">and </span><span class="pp-class-382 pa t30110 l48999 ls852">interests </span><span class="pp-class-382 pa t30110 l49000 ls1323">paid </span><span class="pp-class-382 pa t30110 l49001 ls1080">as </span><span class="pp-class-382 pa t30110 l49002 ls1243">from </span><span class="pp-class-382 pa t30110 l26451 ls858">the </span><span class="pp-class-382 pa t30110 l49003 ls1323">time </span><span class="pp-class-382 pa t30110 l14934 ls103">of </span><span class="pp-class-382 pa t30110 l22438 ls8853">payment </span><span class="pp-class-382 pa t30110 l49004 ls1305">until </span><span class="pp-class-382 pa t30110 l49005 ls858">the </span><span class="pp-class-382 pa t30110 l49006 ls852">date </span><span class="pp-class-382 pa t30110 l49007 ls1323">when </span><span class="pp-class-382 pa t30110 l49008 ls1099">the </span><span class="pp-class-382 pa t30110 l49009 ls296">asset </span><span class="pp-class-382 pa t30110 l49010 ls1080">is </span><span class="pp-class-382 pa t30110 l49011 ls1316">available </span><span class="pp-class-382 pa t30110 l49012 ls3278">for </span><span class="pp-class-382 pa t30110 l49013 ls99">use. </span><span class="pp-class-382 pa t37915 l1592 ls858">The </span><span class="pp-class-382 pa t37915 l48987 ls1323">cost </span><span class="pp-class-382 pa t37915 l48988 ls1759">price </span><span class="pp-class-382 pa t37915 l49617 ls1323">also </span><span class="pp-class-382 pa t37915 l49618 ls1073">comprises </span><span class="pp-class-382 pa t37915 l49003 ls1759">gains </span><span class="pp-class-382 pa t37915 l49619 ls1099">and </span><span class="pp-class-382 pa t37915 l15315 ls2486">losses </span><span class="pp-class-382 pa t37915 l49620 ls1080">on </span><span class="pp-class-382 pa t37915 l49621 ls3623">transactions </span><span class="pp-class-382 pa t37915 l49622 ls803">designated </span><span class="pp-class-382 pa t37915 l49623 ls1080">as </span><span class="pp-class-382 pa t37915 l49624 ls2486">hedges.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37930 l3 ls302">• </span><span class="pp-class-382 pa t37930 l1592 ls48986">The </span><span class="pp-class-382 pa t37930 l48987 ls1759">basis </span><span class="pp-class-382 pa t37930 l49625 ls3278">for </span><span class="pp-class-382 pa t37930 l24016 ls3623">depreciation </span><span class="pp-class-382 pa t37930 l49626 ls1080">is </span><span class="pp-class-382 pa t37930 l49627 ls2489">determined </span><span class="pp-class-382 pa t37930 l49628 ls1080">as </span><span class="pp-class-382 pa t37930 l49629 ls858">the </span><span class="pp-class-382 pa t37930 l49630 ls1323">cost </span><span class="pp-class-382 pa t37930 l49631 ls1323">less </span><span class="pp-class-382 pa t37930 l49632 ls3105">estimated </span><span class="pp-class-382 pa t37930 l49633 ls8853">residual </span><span class="pp-class-382 pa t37930 l49634 ls7855">value.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37942 l3 ls302">• </span><span class="pp-class-382 pa t37942 l1592 ls48986">The </span><span class="pp-class-382 pa t37942 l48987 ls238">assets </span><span class="pp-class-382 pa t37942 l49014 ls800">are </span><span class="pp-class-382 pa t37942 l49015 ls1194">depreciated </span><span class="pp-class-382 pa t37942 l49635 ls1080">on </span><span class="pp-class-382 pa t37942 l49636 ls302">a </span><span class="pp-class-382 pa t37942 l49637 ls1316">straight-line </span><span class="pp-class-382 pa t37942 l49638 ls1759">basis </span><span class="pp-class-382 pa t37942 l49639 ls2671">over </span><span class="pp-class-382 pa t37942 l46707 ls858">the </span><span class="pp-class-382 pa t37942 l49640 ls3105">estimated </span><span class="pp-class-382 pa t37942 l49641 ls1941">useful </span><span class="pp-class-382 pa t37942 l49642 ls3278">life </span><span class="pp-class-382 pa t37942 l49643 ls1759">to </span><span class="pp-class-382 pa t37942 l49644 ls1099">the </span><span class="pp-class-382 pa t37942 l49645 ls3278">estimated </span><span class="pp-class-382 pa t49646 l1592 ls8853">residual </span><span class="pp-class-382 pa t49646 l49647 ls7855">value.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls302">• </span><span class="pp-class-382 pa t37943 l1592 ls25707">Estimated </span><span class="pp-class-382 pa t37943 l49648 ls1941">useful </span><span class="pp-class-382 pa t37943 l49649 ls3278">life </span><span class="pp-class-382 pa t37943 l49650 ls858">and </span><span class="pp-class-382 pa t37943 l49651 ls3105">estimated </span><span class="pp-class-382 pa t37943 l49652 ls8853">residual </span><span class="pp-class-382 pa t37943 l49653 ls1150">values </span><span class="pp-class-382 pa t37943 l49654 ls800">are </span><span class="pp-class-382 pa t37943 l49655 ls2970">reassessed </span><span class="pp-class-382 pa t37943 l49656 ls1083">at </span><span class="pp-class-382 pa t37943 l49657 ls1759">least </span><span class="pp-class-382 pa t37943 l49658 ls1323">once </span><span class="pp-class-382 pa t37943 l49659 ls302">a </span><span class="pp-class-382 pa t37943 l49660 ls648">year. </span><span class="pp-class-382 pa t37943 l49661 ls278">In </span><span class="pp-class-382 pa t37948 l1592 ls688">estimating </span><span class="pp-class-382 pa t37948 l49662 ls858">the </span><span class="pp-class-382 pa t37948 l49663 ls3105">estimated </span><span class="pp-class-382 pa t37948 l49664 ls1941">useful </span><span class="pp-class-382 pa t37948 l49665 ls3278">life </span><span class="pp-class-382 pa t37948 l49666 ls3278">for </span><span class="pp-class-382 pa t37948 l49667 ls2489">ferries </span><span class="pp-class-382 pa t37948 l16862 ls1099">and </span><span class="pp-class-382 pa t37948 l49668 ls296">other </span><span class="pp-class-382 pa t37948 l49669 ls1759">ships </span><span class="pp-class-382 pa t37948 l49670 ls1080">it </span><span class="pp-class-382 pa t37948 l49671 ls1080">is </span><span class="pp-class-382 pa t37948 l49672 ls2784">taken </span><span class="pp-class-382 pa t37948 l49673 ls3474">into </span><span class="pp-class-382 pa t37948 l49674 ls852">consideration </span><span class="pp-class-382 pa t37948 l49675 ls806">that </span><span class="pp-class-382 pa t37961 l1592 ls1323">DFDS </span><span class="pp-class-382 pa t37961 l49676 ls1148">continuously </span><span class="pp-class-382 pa t37961 l49677 ls1080">is </span><span class="pp-class-382 pa t37961 l49678 ls2694">spending </span><span class="pp-class-382 pa t37961 l49679 ls1701">substantial </span><span class="pp-class-382 pa t37961 l49680 ls1759">funds </span><span class="pp-class-382 pa t37961 l49681 ls1080">on </span><span class="pp-class-382 pa t37961 l49682 ls1237">ongoing </span><span class="pp-class-382 pa t37961 l49683 ls688">maintenance.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37974 l3 ls302">• </span><span class="pp-class-382 pa t37974 l1592 ls48986">The </span><span class="pp-class-382 pa t37974 l48987 ls2142">effect </span><span class="pp-class-382 pa t37974 l49025 ls1243">from </span><span class="pp-class-382 pa t37974 l49026 ls1237">changes </span><span class="pp-class-382 pa t37974 l49027 ls1080">in </span><span class="pp-class-382 pa t37974 l49028 ls3623">depreciation </span><span class="pp-class-382 pa t37974 l49684 ls2486">period </span><span class="pp-class-382 pa t37974 l49685 ls1080">or </span><span class="pp-class-382 pa t37974 l49686 ls858">the </span><span class="pp-class-382 pa t37974 l49687 ls8853">residual </span><span class="pp-class-382 pa t37974 l49688 ls1083">value </span><span class="pp-class-382 pa t37974 l49689 ls1080">is </span><span class="pp-class-382 pa t37974 l20386 ls2970">recognised </span><span class="pp-class-382 pa t37974 l49690 ls1864">prospectively </span><span class="pp-class-382 pa t37974 l49691 ls278">as </span><span class="pp-class-382 pa t49077 l1592 ls302">a </span><span class="pp-class-382 pa t49077 l49692 ls2486">change </span><span class="pp-class-382 pa t49077 l49693 ls1080">in </span><span class="pp-class-382 pa t49077 l3997 ls858">the </span><span class="pp-class-382 pa t49077 l12205 ls53">accounting </span><span class="pp-class-382 pa t49077 l49694 ls1083">estimate.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls830">Ferries </span><span class="pp-class-383 pa t37977 l49695 ls858">and </span><span class="pp-class-383 pa t37977 l49696 ls1305">other </span><span class="pp-class-383 pa t37977 l49697 ls1323">ships</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls858">The </span><span class="pp-class-382 pa t36901 l16631 ls7756">rebuilding/upgrade </span><span class="pp-class-382 pa t36901 l43974 ls103">of </span><span class="pp-class-382 pa t36901 l10306 ls2489">ferries </span><span class="pp-class-382 pa t36901 l13016 ls858">and </span><span class="pp-class-382 pa t36901 l49698 ls296">other </span><span class="pp-class-382 pa t36901 l49699 ls1759">ships </span><span class="pp-class-382 pa t36901 l49700 ls1080">is </span><span class="pp-class-382 pa t36901 l49701 ls3474">capitalised </span><span class="pp-class-382 pa t36901 l49702 ls1080">if </span><span class="pp-class-382 pa t36901 l49703 ls1099">the </span><span class="pp-class-382 pa t36901 l49704 ls7756">rebuilding/upgrade </span><span class="pp-class-382 pa t36901 l49705 ls858">can </span><span class="pp-class-382 pa t36901 l49706 ls278">be </span><span class="pp-class-382 pa t36903 l3 ls3623">attributed </span><span class="pp-class-382 pa t36903 l49707 ls1759">to:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36920 l3 ls302">• </span><span class="pp-class-382 pa t36920 l1592 ls45899">Safety </span><span class="pp-class-382 pa t36920 l49708 ls8853">measures.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36928 l3 ls302">• </span><span class="pp-class-382 pa t36928 l1592 ls49709">Measures </span><span class="pp-class-382 pa t36928 l49710 ls1759">to </span><span class="pp-class-382 pa t36928 l49711 ls4305">extend </span><span class="pp-class-382 pa t36928 l49712 ls858">the </span><span class="pp-class-382 pa t36928 l49713 ls1941">useful </span><span class="pp-class-382 pa t36928 l49543 ls3278">life </span><span class="pp-class-382 pa t36928 l49714 ls103">of </span><span class="pp-class-382 pa t36928 l49715 ls858">the </span><span class="pp-class-382 pa t36928 l49716 ls2489">ferries </span><span class="pp-class-382 pa t36928 l49717 ls858">and </span><span class="pp-class-382 pa t36928 l49718 ls296">other </span><span class="pp-class-382 pa t36928 l49719 ls1759">ships.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t38016 l3 ls302">• </span><span class="pp-class-382 pa t38016 l1592 ls49709">Measures </span><span class="pp-class-382 pa t38016 l49710 ls1759">to </span><span class="pp-class-382 pa t38016 l49711 ls1083">reduce </span><span class="pp-class-382 pa t38016 l449 ls2970">climate </span><span class="pp-class-382 pa t38016 l49720 ls1772">impact.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49235 l3 ls302">• </span><span class="pp-class-382 pa t49235 l1592 ls49709">Measures </span><span class="pp-class-382 pa t49235 l49710 ls1759">to </span><span class="pp-class-382 pa t49235 l49711 ls2143">improve </span><span class="pp-class-382 pa t49235 l49721 ls2694">earnings.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t38021 l3 ls302">• </span><span class="pp-class-382 pa t38021 l1592 ls20786">Docking.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t38039 l3 ls1701">Maintenance </span><span class="pp-class-382 pa t38039 l30890 ls858">and </span><span class="pp-class-382 pa t38039 l49722 ls7094">daily </span><span class="pp-class-382 pa t38039 l49723 ls1237">running </span><span class="pp-class-382 pa t38039 l17625 ls1759">costs </span><span class="pp-class-382 pa t38039 l49724 ls3278">for </span><span class="pp-class-382 pa t38039 l49725 ls858">the </span><span class="pp-class-382 pa t38039 l49726 ls2489">ferries </span><span class="pp-class-382 pa t38039 l49727 ls858">and </span><span class="pp-class-382 pa t38039 l49728 ls296">other </span><span class="pp-class-382 pa t38039 l49729 ls1759">ships </span><span class="pp-class-382 pa t38039 l49730 ls800">are </span><span class="pp-class-382 pa t38039 l49731 ls8853">expensed </span><span class="pp-class-382 pa t38039 l49732 ls1080">in </span><span class="pp-class-382 pa t38039 l49733 ls1099">the </span><span class="pp-class-382 pa t38039 l49734 ls1110">income </span><span class="pp-class-382 pa t49735 l3 ls1150">statement </span><span class="pp-class-382 pa t49735 l4002 ls1080">as </span><span class="pp-class-382 pa t49735 l49736 ls960">incurred. </span><span class="pp-class-382 pa t49735 l49737 ls1237">Docking </span><span class="pp-class-382 pa t49735 l49738 ls1759">costs </span><span class="pp-class-382 pa t49735 l49739 ls800">are </span><span class="pp-class-382 pa t49735 l49740 ls3474">capitalised </span><span class="pp-class-382 pa t49735 l49741 ls858">and </span><span class="pp-class-382 pa t49735 l49742 ls1194">depreciated </span><span class="pp-class-382 pa t49735 l49743 ls1080">on </span><span class="pp-class-382 pa t49735 l49744 ls302">a </span><span class="pp-class-382 pa t49735 l49745 ls1316">straight-line </span><span class="pp-class-382 pa t49735 l49746 ls1759">basis </span><span class="pp-class-382 pa t49735 l49747 ls1110">until </span><span class="pp-class-382 pa t49748 l3 ls858">the </span><span class="pp-class-382 pa t49748 l43824 ls1321">ferries' </span><span class="pp-class-382 pa t49748 l49749 ls1080">or </span><span class="pp-class-382 pa t49748 l49750 ls2486">ships' </span><span class="pp-class-382 pa t49748 l49751 ls1243">next </span><span class="pp-class-382 pa t49748 l49752 ls2694">docking. </span><span class="pp-class-382 pa t49748 l49753 ls1080">In </span><span class="pp-class-382 pa t49748 l49754 ls1323">most </span><span class="pp-class-382 pa t49748 l49755 ls2486">cases, </span><span class="pp-class-382 pa t49748 l49756 ls858">the </span><span class="pp-class-382 pa t49748 l49757 ls1237">docking </span><span class="pp-class-382 pa t49748 l49758 ls2842">interval </span><span class="pp-class-382 pa t49748 l49759 ls1080">is </span><span class="pp-class-382 pa t49748 l49760 ls302">2 </span><span class="pp-class-382 pa t49748 l49761 ls2142">years </span><span class="pp-class-382 pa t49748 l49762 ls3278">for </span><span class="pp-class-382 pa t49748 l49763 ls1073">passenger </span><span class="pp-class-382 pa t49748 l49764 ls1110">cruise </span><span class="pp-class-382 pa t49765 l3 ls2489">ferries </span><span class="pp-class-382 pa t49765 l49766 ls858">and </span><span class="pp-class-382 pa t49765 l46034 ls1080">2½ </span><span class="pp-class-382 pa t49765 l49767 ls2142">years </span><span class="pp-class-382 pa t49765 l17433 ls3278">for </span><span class="pp-class-382 pa t49765 l49768 ls852">freight </span><span class="pp-class-382 pa t49765 l49769 ls858">and </span><span class="pp-class-382 pa t49765 l49770 ls1073">passenger </span><span class="pp-class-382 pa t49765 l49771 ls2489">ferries </span><span class="pp-class-382 pa t49765 l49772 ls1080">as </span><span class="pp-class-382 pa t49765 l49773 ls960">well </span><span class="pp-class-382 pa t49765 l49774 ls1080">as </span><span class="pp-class-382 pa t49765 l49775 ls852">freight </span><span class="pp-class-382 pa t49765 l49776 ls2489">ferries.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1759">Gains </span><span class="pp-class-382 pa t49777 l49778 ls1080">or </span><span class="pp-class-382 pa t49777 l49779 ls2486">losses </span><span class="pp-class-382 pa t49777 l49780 ls1080">on </span><span class="pp-class-382 pa t49777 l48713 ls858">the </span><span class="pp-class-382 pa t49777 l49781 ls2694">disposal </span><span class="pp-class-382 pa t49777 l49197 ls103">of </span><span class="pp-class-382 pa t49777 l49782 ls2489">ferries </span><span class="pp-class-382 pa t49777 l49783 ls1099">and </span><span class="pp-class-382 pa t49777 l49784 ls296">other </span><span class="pp-class-382 pa t49777 l49785 ls1759">ships </span><span class="pp-class-382 pa t49777 l49786 ls800">are </span><span class="pp-class-382 pa t49777 l49787 ls803">calculated </span><span class="pp-class-382 pa t49777 l49788 ls1080">as </span><span class="pp-class-382 pa t49777 l49789 ls858">the </span><span class="pp-class-382 pa t49777 l49790 ls1974">difference </span><span class="pp-class-382 pa t49777 l49791 ls688">between </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1759">sales </span><span class="pp-class-382 pa t49792 l18526 ls1759">price </span><span class="pp-class-382 pa t49792 l49793 ls1323">less </span><span class="pp-class-382 pa t49792 l42422 ls1759">sales </span><span class="pp-class-382 pa t49792 l49794 ls1759">costs </span><span class="pp-class-382 pa t49792 l49795 ls858">and </span><span class="pp-class-382 pa t49792 l49796 ls858">the </span><span class="pp-class-382 pa t49792 l49797 ls1323">book </span><span class="pp-class-382 pa t49792 l49798 ls1083">value </span><span class="pp-class-382 pa t49792 l49799 ls1083">at </span><span class="pp-class-382 pa t49792 l49800 ls2694">disposal </span><span class="pp-class-382 pa t49792 l49801 ls2688">date. </span><span class="pp-class-382 pa t49792 l49802 ls1759">Gains </span><span class="pp-class-382 pa t49792 l49803 ls1080">or </span><span class="pp-class-382 pa t49792 l49804 ls2486">losses </span><span class="pp-class-382 pa t49792 l49805 ls1080">on </span><span class="pp-class-382 pa t49792 l49806 ls1099">the </span><span class="pp-class-382 pa t49792 l49807 ls99">disposal </span><span class="pp-class-382 pa t49808 l3 ls103">of </span><span class="pp-class-382 pa t49808 l29517 ls2489">ferries </span><span class="pp-class-382 pa t49808 l49809 ls858">and </span><span class="pp-class-382 pa t49808 l49810 ls296">other </span><span class="pp-class-382 pa t49808 l49811 ls1759">ships </span><span class="pp-class-382 pa t49808 l49812 ls800">are </span><span class="pp-class-382 pa t49808 l49813 ls2970">recognised </span><span class="pp-class-382 pa t49808 l49814 ls1323">when </span><span class="pp-class-382 pa t49808 l49815 ls852">control </span><span class="pp-class-382 pa t49808 l49816 ls185">have </span><span class="pp-class-382 pa t49808 l49817 ls864">transferred </span><span class="pp-class-382 pa t49808 l49818 ls1759">to </span><span class="pp-class-382 pa t49808 l49819 ls1099">the </span><span class="pp-class-382 pa t49808 l49820 ls2142">buyer </span><span class="pp-class-382 pa t49808 l49821 ls1099">and </span><span class="pp-class-382 pa t49808 l49822 ls2970">are </span><span class="pp-class-382 pa t49823 l3 ls852">presented </span><span class="pp-class-382 pa t49823 l49824 ls1080">in </span><span class="pp-class-382 pa t49823 l42826 ls858">the </span><span class="pp-class-382 pa t49823 l37670 ls2486">income </span><span class="pp-class-382 pa t49823 l49825 ls1150">statement </span><span class="pp-class-382 pa t49823 l17570 ls1080">as </span><span class="pp-class-382 pa t49823 l49826 ls1148">‘Profit </span><span class="pp-class-382 pa t49823 l49827 ls1080">on </span><span class="pp-class-382 pa t49823 l49828 ls2694">disposal </span><span class="pp-class-382 pa t49823 l47897 ls103">of </span><span class="pp-class-382 pa t49823 l49829 ls1101">non-current </span><span class="pp-class-382 pa t49823 l49830 ls3474">assets, </span><span class="pp-class-382 pa t49823 l49831 ls10753">net’.</span></p><div class="pp-class-363 pp-class-395" id="pp-id-5187" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h49832 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span><span class="pp-class-386 pa t640 l49833"/><span class="pp-class-388 pa t640 l30560"/><span class="pp-class-388 pa t640 l49834 ls168">(continued)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30083 l3 ls806">Passenger </span><span class="pp-class-383 pa t30083 l17137 ls2486">cruise </span><span class="pp-class-383 pa t30083 l10216 ls830">ferries </span><span class="pp-class-383 pa t30083 l49835 ls858">and </span><span class="pp-class-383 pa t30083 l43114 ls1101">freight </span><span class="pp-class-383 pa t30083 l49836 ls858">and </span><span class="pp-class-383 pa t30083 l47164 ls1073">passenger </span><span class="pp-class-383 pa t30083 l49837 ls1759">(ro-pax) </span><span class="pp-class-383 pa t30083 l49838 ls1118">ferries</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30087 l3 ls858">Due </span><span class="pp-class-382 pa t30087 l33767 ls1759">to </span><span class="pp-class-382 pa t30087 l49839 ls1868">differences </span><span class="pp-class-382 pa t30087 l49840 ls1080">in </span><span class="pp-class-382 pa t30087 l16336 ls858">the </span><span class="pp-class-382 pa t30087 l49841 ls960">wear </span><span class="pp-class-382 pa t30087 l49842 ls103">of </span><span class="pp-class-382 pa t30087 l49843 ls99">certain </span><span class="pp-class-382 pa t30087 l49844 ls806">components </span><span class="pp-class-382 pa t30087 l49845 ls103">of </span><span class="pp-class-382 pa t30087 l49846 ls1073">passenger </span><span class="pp-class-382 pa t30087 l49847 ls2486">cruise </span><span class="pp-class-382 pa t30087 l49848 ls2489">ferries </span><span class="pp-class-382 pa t30087 l49849 ls858">and </span><span class="pp-class-382 pa t30087 l49850 ls1759">ro-pax </span><span class="pp-class-382 pa t30087 l49851 ls1073">ferries, </span><span class="pp-class-382 pa t30093 l3 ls858">the </span><span class="pp-class-382 pa t30093 l43824 ls1323">cost </span><span class="pp-class-382 pa t30093 l49852 ls103">of </span><span class="pp-class-382 pa t30093 l49853 ls1759">these </span><span class="pp-class-382 pa t30093 l2809 ls2489">ferries </span><span class="pp-class-382 pa t30093 l49854 ls1080">is </span><span class="pp-class-382 pa t30093 l49855 ls1237">divided </span><span class="pp-class-382 pa t30093 l49856 ls3474">into </span><span class="pp-class-382 pa t30093 l49857 ls806">components </span><span class="pp-class-382 pa t30093 l49858 ls1323">with </span><span class="pp-class-382 pa t30093 l49859 ls1150">low </span><span class="pp-class-382 pa t30093 l49860 ls648">wear, </span><span class="pp-class-382 pa t30093 l49861 ls1323">such </span><span class="pp-class-382 pa t30093 l49862 ls1080">as </span><span class="pp-class-382 pa t30093 l49863 ls1323">hull </span><span class="pp-class-382 pa t30093 l49864 ls1099">and </span><span class="pp-class-382 pa t30093 l49865 ls1701">engine, </span><span class="pp-class-382 pa t30093 l49866 ls302">and </span><span class="pp-class-382 pa t30098 l3 ls806">components </span><span class="pp-class-382 pa t30098 l31669 ls1323">with </span><span class="pp-class-382 pa t30098 l49867 ls1323">high </span><span class="pp-class-382 pa t30098 l49868 ls648">wear, </span><span class="pp-class-382 pa t30098 l36795 ls1323">such </span><span class="pp-class-382 pa t30098 l49869 ls1080">as </span><span class="pp-class-382 pa t30098 l49870 ls155">parts </span><span class="pp-class-382 pa t30098 l49871 ls103">of </span><span class="pp-class-382 pa t30098 l49872 ls858">the </span><span class="pp-class-382 pa t30098 l49873 ls53">hotel, </span><span class="pp-class-382 pa t30098 l49874 ls2769">catering/restaurants, </span><span class="pp-class-382 pa t30098 l49875 ls858">and </span><span class="pp-class-382 pa t30098 l44780 ls1323">shop </span><span class="pp-class-382 pa t30098 l49876 ls2784">areas.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30110 l3 ls1101">Freight </span><span class="pp-class-383 pa t30110 l13544 ls830">ferries </span><span class="pp-class-383 pa t30110 l11267 ls7094">(ro-ro)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37915 l3 ls858">The </span><span class="pp-class-382 pa t37915 l16631 ls1323">cost </span><span class="pp-class-382 pa t37915 l49877 ls103">of </span><span class="pp-class-382 pa t37915 l49878 ls852">freight </span><span class="pp-class-382 pa t37915 l49879 ls2489">ferries </span><span class="pp-class-382 pa t37915 l49880 ls1080">is </span><span class="pp-class-382 pa t37915 l49881 ls830">not </span><span class="pp-class-382 pa t37915 l49882 ls1237">divided </span><span class="pp-class-382 pa t37915 l49883 ls3474">into </span><span class="pp-class-382 pa t37915 l49884 ls806">components </span><span class="pp-class-382 pa t37915 l49885 ls1080">as </span><span class="pp-class-382 pa t37915 l49886 ls2784">there </span><span class="pp-class-382 pa t37915 l49887 ls1080">is </span><span class="pp-class-382 pa t37915 l49888 ls1080">no </span><span class="pp-class-382 pa t37915 l49889 ls2142">material </span><span class="pp-class-382 pa t37915 l49890 ls1974">difference </span><span class="pp-class-382 pa t37915 l49891 ls1080">in </span><span class="pp-class-382 pa t37915 l49892 ls1099">the </span><span class="pp-class-382 pa t37915 l49893 ls3474">wear </span><span class="pp-class-382 pa t37930 l3 ls103">of </span><span class="pp-class-382 pa t37930 l29517 ls858">the </span><span class="pp-class-382 pa t37930 l18645 ls728">various </span><span class="pp-class-382 pa t37930 l49894 ls806">components </span><span class="pp-class-382 pa t37930 l49895 ls103">of </span><span class="pp-class-382 pa t37930 l27879 ls852">freight </span><span class="pp-class-382 pa t37930 l49896 ls2489">ferries.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t49646 l3 ls2127">Depreciation </span><span class="pp-class-383 pa t49646 l30948 ls302">– </span><span class="pp-class-383 pa t49646 l49897 ls4305">expected </span><span class="pp-class-383 pa t49646 l49898 ls2486">useful </span><span class="pp-class-383 pa t49646 l49899 ls1237">life </span><span class="pp-class-383 pa t49646 l17606 ls1099">and </span><span class="pp-class-383 pa t49646 l49900 ls53">residual </span><span class="pp-class-383 pa t49646 l15396 ls728">value </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls3623">depreciation </span><span class="pp-class-382 pa t37943 l49901 ls2486">period </span><span class="pp-class-382 pa t37943 l49902 ls3278">for </span><span class="pp-class-382 pa t37943 l49903 ls806">components </span><span class="pp-class-382 pa t37943 l49904 ls1323">with </span><span class="pp-class-382 pa t37943 l11743 ls1150">low </span><span class="pp-class-382 pa t37943 l49905 ls960">wear </span><span class="pp-class-382 pa t37943 l49906 ls1080">is </span><span class="pp-class-382 pa t37943 l49907 ls1080">35 </span><span class="pp-class-382 pa t37943 l49908 ls2142">years </span><span class="pp-class-382 pa t37943 l19122 ls3278">for </span><span class="pp-class-382 pa t37943 l49909 ls806">both </span><span class="pp-class-382 pa t37943 l49910 ls1759">ro-pax </span><span class="pp-class-382 pa t37943 l49911 ls1099">and </span><span class="pp-class-382 pa t37943 l49912 ls1083">ro-ro </span><span class="pp-class-382 pa t37943 l49913 ls1305">ferries </span><span class="pp-class-382 pa t37948 l3 ls1243">from </span><span class="pp-class-382 pa t37948 l49226 ls1099">the </span><span class="pp-class-382 pa t37948 l49914 ls960">year </span><span class="pp-class-382 pa t37948 l49915 ls1080">in </span><span class="pp-class-382 pa t37948 l49916 ls1759">which </span><span class="pp-class-382 pa t37948 l49917 ls858">the </span><span class="pp-class-382 pa t37948 l34488 ls869">ferry </span><span class="pp-class-382 pa t37948 l49918 ls1150">was </span><span class="pp-class-382 pa t37948 l49919 ls1319">built. </span><span class="pp-class-382 pa t37948 l49920 ls858">The </span><span class="pp-class-382 pa t37948 l49921 ls3623">depreciation </span><span class="pp-class-382 pa t37948 l49922 ls2486">period </span><span class="pp-class-382 pa t37948 l49923 ls3278">for </span><span class="pp-class-382 pa t37948 l49924 ls1073">passenger </span><span class="pp-class-382 pa t37948 l49925 ls2486">cruise </span><span class="pp-class-382 pa t37948 l49926 ls2489">ferries </span><span class="pp-class-382 pa t37948 l49927 ls1080">is </span><span class="pp-class-382 pa t37948 l49928 ls278">45 </span><span class="pp-class-382 pa t37961 l3 ls2142">years.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37974 l3 ls858">The </span><span class="pp-class-382 pa t37974 l16631 ls8853">residual </span><span class="pp-class-382 pa t37974 l49929 ls1083">value </span><span class="pp-class-382 pa t37974 l49930 ls103">of </span><span class="pp-class-382 pa t37974 l49931 ls2489">ferries </span><span class="pp-class-382 pa t37974 l49932 ls1080">is </span><span class="pp-class-382 pa t37974 l40533 ls3105">estimated </span><span class="pp-class-382 pa t37974 l49933 ls1080">as </span><span class="pp-class-382 pa t37974 l49934 ls858">the </span><span class="pp-class-382 pa t37974 l49935 ls828">expected </span><span class="pp-class-382 pa t37974 l49936 ls3278">fair </span><span class="pp-class-382 pa t37974 l49937 ls1083">value </span><span class="pp-class-382 pa t37974 l49938 ls1083">at </span><span class="pp-class-382 pa t37974 l47994 ls1099">the </span><span class="pp-class-382 pa t37974 l49939 ls858">end </span><span class="pp-class-382 pa t37974 l49940 ls103">of </span><span class="pp-class-382 pa t37974 l49941 ls1759">their </span><span class="pp-class-382 pa t37974 l49942 ls1941">useful </span><span class="pp-class-382 pa t37974 l49943 ls1244">lifetime.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37975 l3 ls53">Management </span><span class="pp-class-382 pa t37975 l3968 ls858">has </span><span class="pp-class-382 pa t37975 l49944 ls1323">also </span><span class="pp-class-382 pa t37975 l49945 ls2970">considered </span><span class="pp-class-382 pa t37975 l49946 ls858">the </span><span class="pp-class-382 pa t37975 l49947 ls728">impact </span><span class="pp-class-382 pa t37975 l49948 ls103">of </span><span class="pp-class-382 pa t37975 l49949 ls2842">decarbonisation </span><span class="pp-class-382 pa t37975 l49950 ls1099">and </span><span class="pp-class-382 pa t37975 l49951 ls1150">climate-related </span><span class="pp-class-382 pa t37975 l49952 ls2970">risks </span><span class="pp-class-382 pa t37975 l49953 ls1080">on </span><span class="pp-class-382 pa t37975 l49954 ls302">the </span><span class="pp-class-382 pa t37977 l3 ls1941">useful </span><span class="pp-class-382 pa t37977 l49955 ls2142">lives </span><span class="pp-class-382 pa t37977 l49956 ls103">of </span><span class="pp-class-382 pa t37977 l49957 ls8853">existing </span><span class="pp-class-382 pa t37977 l49958 ls3474">assets. </span><span class="pp-class-382 pa t37977 l49959 ls1323">Such </span><span class="pp-class-382 pa t37977 l49960 ls2970">risks </span><span class="pp-class-382 pa t37977 l49961 ls296">include </span><span class="pp-class-382 pa t37977 l20559 ls1150">new </span><span class="pp-class-382 pa t37977 l49962 ls1150">climate-related </span><span class="pp-class-382 pa t37977 l49909 ls688">legislation </span><span class="pp-class-382 pa t37977 l49963 ls4299">restricting </span><span class="pp-class-382 pa t37977 l49964 ls858">the </span><span class="pp-class-382 pa t37977 l49965 ls1099">use </span><span class="pp-class-382 pa t37977 l49966 ls134">of </span><span class="pp-class-382 pa t36901 l3 ls99">certain </span><span class="pp-class-382 pa t36901 l49967 ls3474">assets, </span><span class="pp-class-382 pa t36901 l49968 ls1150">new </span><span class="pp-class-382 pa t36901 l3084 ls238">technology </span><span class="pp-class-382 pa t36901 l49969 ls2694">demanded </span><span class="pp-class-382 pa t36901 l49970 ls2784">by </span><span class="pp-class-382 pa t36901 l49971 ls1150">climate-related </span><span class="pp-class-382 pa t36901 l49972 ls2113">legislation, </span><span class="pp-class-382 pa t36901 l49973 ls1099">and </span><span class="pp-class-382 pa t36901 l49974 ls858">the </span><span class="pp-class-382 pa t36901 l49975 ls8853">increase </span><span class="pp-class-382 pa t36901 l49976 ls278">in </span><span class="pp-class-382 pa t36903 l3 ls2459">restoration </span><span class="pp-class-382 pa t36903 l16238 ls1759">costs </span><span class="pp-class-382 pa t36903 l49977 ls3278">for </span><span class="pp-class-382 pa t36903 l13200 ls296">terminal </span><span class="pp-class-382 pa t36903 l49978 ls1118">sites </span><span class="pp-class-382 pa t36903 l49979 ls858">due </span><span class="pp-class-382 pa t36903 l34537 ls1759">to </span><span class="pp-class-382 pa t36903 l49980 ls1150">new </span><span class="pp-class-382 pa t36903 l48052 ls2147">and/or </span><span class="pp-class-382 pa t36903 l49981 ls1243">more </span><span class="pp-class-382 pa t36903 l49982 ls1974">comprehensive </span><span class="pp-class-382 pa t36903 l49983 ls2694">policies.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t36920 l3 ls1759">Other </span><span class="pp-class-383 pa t36920 l49181 ls1271">non-current </span><span class="pp-class-383 pa t36920 l49182 ls238">tangible </span><span class="pp-class-383 pa t36920 l18546 ls1305">assets</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t36928 l3 ls1759">Other </span><span class="pp-class-382 pa t36928 l49184 ls1101">non-current </span><span class="pp-class-382 pa t36928 l49185 ls296">tangible </span><span class="pp-class-382 pa t36928 l16742 ls238">assets </span><span class="pp-class-382 pa t36928 l49984 ls2694">comprise </span><span class="pp-class-382 pa t36928 l49985 ls819">buildings, </span><span class="pp-class-382 pa t36928 l49986 ls296">terminals </span><span class="pp-class-382 pa t36928 l46357 ls858">and </span><span class="pp-class-382 pa t36928 l48851 ls4396">machinery, </span><span class="pp-class-382 pa t36928 l49987 ls1118">tools </span><span class="pp-class-382 pa t36928 l49988 ls302">and </span><span class="pp-class-382 pa t38016 l3 ls1941">equipment, </span><span class="pp-class-382 pa t38016 l49149 ls858">and </span><span class="pp-class-382 pa t38016 l49989 ls1073">leasehold </span><span class="pp-class-382 pa t38016 l49990 ls2145">improvements.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t38021 l3 ls858">The </span><span class="pp-class-383 pa t38021 l49991 ls6360">estimated </span><span class="pp-class-383 pa t38021 l49992 ls2486">useful </span><span class="pp-class-383 pa t38021 l49993 ls1271">lifetimes </span><span class="pp-class-383 pa t38021 l49994 ls1101">are </span><span class="pp-class-383 pa t38021 l34654 ls1080">as </span><span class="pp-class-383 pa t38021 l49995 ls864">follows:</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t38039 l3 ls302">• </span><span class="pp-class-382 pa t38039 l1592 ls49996">Buildings </span><span class="pp-class-382 pa t38039 l49997 ls1080">25-50 </span><span class="pp-class-382 pa t38039 l49998 ls960">years</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49735 l3 ls302">• </span><span class="pp-class-382 pa t49735 l1592 ls49999">Terminals </span><span class="pp-class-382 pa t49735 l11869 ls1868">etc. </span><span class="pp-class-382 pa t49735 l49997 ls1759">10-40 </span><span class="pp-class-382 pa t49735 l50000 ls960">years</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49748 l3 ls302">• </span><span class="pp-class-382 pa t49748 l1592 ls50001">Equipment </span><span class="pp-class-382 pa t49748 l50002 ls1868">etc. </span><span class="pp-class-382 pa t49748 l49997 ls1323">4-10 </span><span class="pp-class-382 pa t49748 l50003 ls960">years</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49765 l3 ls302">• </span><span class="pp-class-382 pa t49765 l1592 ls49996">Leasehold </span><span class="pp-class-382 pa t49765 l50004 ls2145">improvements </span><span class="pp-class-382 pa t49765 l49997 ls1323">Max. </span><span class="pp-class-382 pa t49765 l50005 ls1194">depreciated </span><span class="pp-class-382 pa t49765 l50006 ls2671">over </span><span class="pp-class-382 pa t49765 l50007 ls1099">the </span><span class="pp-class-382 pa t49765 l50008 ls1073">term </span><span class="pp-class-382 pa t49765 l50009 ls103">of </span><span class="pp-class-382 pa t49765 l50010 ls858">the </span><span class="pp-class-382 pa t49765 l50011 ls1080">lease </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49777 l3 ls1759">Gains </span><span class="pp-class-382 pa t49777 l49778 ls1080">or </span><span class="pp-class-382 pa t49777 l49779 ls2486">losses </span><span class="pp-class-382 pa t49777 l49780 ls1237">arising </span><span class="pp-class-382 pa t49777 l6146 ls1243">from </span><span class="pp-class-382 pa t49777 l50012 ls858">the </span><span class="pp-class-382 pa t49777 l50013 ls2694">disposal </span><span class="pp-class-382 pa t49777 l50014 ls103">of </span><span class="pp-class-382 pa t49777 l50015 ls296">other </span><span class="pp-class-382 pa t49777 l34011 ls1101">non-current </span><span class="pp-class-382 pa t49777 l50016 ls296">tangible </span><span class="pp-class-382 pa t49777 l50017 ls238">assets </span><span class="pp-class-382 pa t49777 l44207 ls800">are </span><span class="pp-class-382 pa t49777 l50018 ls803">calculated </span><span class="pp-class-382 pa t49777 l50019 ls1080">as </span><span class="pp-class-382 pa t49777 l50020 ls302">the </span><span class="pp-class-382 pa t49792 l3 ls1974">difference </span><span class="pp-class-382 pa t49792 l46078 ls1244">between </span><span class="pp-class-382 pa t49792 l46617 ls858">the </span><span class="pp-class-382 pa t49792 l26498 ls1759">sales </span><span class="pp-class-382 pa t49792 l50021 ls1759">price </span><span class="pp-class-382 pa t49792 l50022 ls1323">less </span><span class="pp-class-382 pa t49792 l50023 ls1759">sales </span><span class="pp-class-382 pa t49792 l50024 ls1759">costs </span><span class="pp-class-382 pa t49792 l50025 ls858">and </span><span class="pp-class-382 pa t49792 l50026 ls1099">the </span><span class="pp-class-382 pa t49792 l50027 ls1323">book </span><span class="pp-class-382 pa t49792 l37325 ls1083">value </span><span class="pp-class-382 pa t49792 l50028 ls1083">at </span><span class="pp-class-382 pa t49792 l50029 ls2694">disposal </span><span class="pp-class-382 pa t49792 l50030 ls2688">date. </span><span class="pp-class-382 pa t49792 l50031 ls1759">Gains </span><span class="pp-class-382 pa t49792 l50032 ls278">or </span><span class="pp-class-382 pa t49808 l3 ls2486">losses </span><span class="pp-class-382 pa t49808 l16285 ls1080">on </span><span class="pp-class-382 pa t49808 l50033 ls1099">the </span><span class="pp-class-382 pa t49808 l50034 ls2694">disposal </span><span class="pp-class-382 pa t49808 l50035 ls103">of </span><span class="pp-class-382 pa t49808 l3654 ls1759">these </span><span class="pp-class-382 pa t49808 l50036 ls1101">non-current </span><span class="pp-class-382 pa t49808 l50037 ls238">assets </span><span class="pp-class-382 pa t49808 l50038 ls800">are </span><span class="pp-class-382 pa t49808 l50039 ls2970">recognised </span><span class="pp-class-382 pa t49808 l50040 ls1080">in </span><span class="pp-class-382 pa t49808 l50041 ls858">the </span><span class="pp-class-382 pa t49808 l50042 ls2486">income </span><span class="pp-class-382 pa t49808 l50043 ls1150">statement </span><span class="pp-class-382 pa t49808 l50044 ls1080">as </span><span class="pp-class-382 pa t49808 l50045 ls3477">‘Profit </span><span class="pp-class-382 pa t49823 l3 ls1080">on </span><span class="pp-class-382 pa t49823 l50046 ls2694">disposal </span><span class="pp-class-382 pa t49823 l29589 ls103">of </span><span class="pp-class-382 pa t49823 l50047 ls1101">non-current </span><span class="pp-class-382 pa t49823 l50048 ls3474">assets, </span><span class="pp-class-382 pa t49823 l13242 ls806">net'.</span></p></div></div> <div id="pp-id-5188" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h50050 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1244">3.1.3 </span><span class="pp-class-370 pa t21055 l43638 ls1955">Right-of-use </span><span class="pp-class-370 pa t21055 l50051 ls842">assets </span><span class="pp-class-370 pa t21055 l39231">and </span><span class="pp-class-370 pa t21055 l50052 ls166">lease </span><span class="pp-class-370 pa t21055 l50053">liabilities</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls858">The </span><span class="pp-class-382 pa t45774 l16631 ls2784">Group </span><span class="pp-class-382 pa t45774 l4002 ls858">has </span><span class="pp-class-382 pa t45774 l44886 ls1759">lease </span><span class="pp-class-382 pa t45774 l46182 ls7694">contracts </span><span class="pp-class-382 pa t45774 l50054 ls3278">for </span><span class="pp-class-382 pa t45774 l50055 ls728">various </span><span class="pp-class-382 pa t45774 l50056 ls1118">items </span><span class="pp-class-382 pa t45774 l50057 ls103">of </span><span class="pp-class-382 pa t45774 l50058 ls1323">land </span><span class="pp-class-382 pa t45774 l50059 ls302">&amp; </span><span class="pp-class-382 pa t45774 l50060 ls819">buildings, </span><span class="pp-class-382 pa t45774 l50061 ls238">terminals, </span><span class="pp-class-382 pa t45774 l50062 ls1321">ferries, </span><span class="pp-class-382 pa t45774 l50063 ls1319">equipment </span><span class="pp-class-382 pa t45774 l50064 ls1148">etc. </span><span class="pp-class-382 pa t45774 l50065 ls1080">in </span><span class="pp-class-382 pa t45774 l50066 ls302">its </span><span class="pp-class-382 pa t45789 l3 ls2944">operations. </span><span class="pp-class-382 pa t45789 l50067 ls858">The </span><span class="pp-class-382 pa t45789 l50068 ls1015">Group’s </span><span class="pp-class-382 pa t45789 l50069 ls688">obligations </span><span class="pp-class-382 pa t45789 l50070 ls1759">under </span><span class="pp-class-382 pa t45789 l44329 ls1099">the </span><span class="pp-class-382 pa t45789 l50071 ls2486">leases </span><span class="pp-class-382 pa t45789 l50072 ls800">are </span><span class="pp-class-382 pa t45789 l50073 ls1150">secured </span><span class="pp-class-382 pa t45789 l50074 ls2784">by </span><span class="pp-class-382 pa t45789 l50075 ls1099">the </span><span class="pp-class-382 pa t45789 l50076 ls2694">lessors' </span><span class="pp-class-382 pa t45789 l50077 ls1759">title </span><span class="pp-class-382 pa t45789 l50078 ls1759">to </span><span class="pp-class-382 pa t45789 l50079 ls1099">the </span><span class="pp-class-382 pa t45789 l50080 ls2486">leased </span><span class="pp-class-382 pa t45789 l50081 ls187">assets. </span><span class="pp-class-382 pa t45805 l3 ls2143">Several </span><span class="pp-class-382 pa t45805 l50082 ls1759">lease </span><span class="pp-class-382 pa t45805 l50083 ls7694">contracts </span><span class="pp-class-382 pa t45805 l45024 ls296">include </span><span class="pp-class-382 pa t45805 l50084 ls2127">extension </span><span class="pp-class-382 pa t45805 l50085 ls1099">and </span><span class="pp-class-382 pa t45805 l50086 ls728">termination </span><span class="pp-class-382 pa t45805 l50087 ls1271">options, </span><span class="pp-class-382 pa t45805 l50088 ls3474">options </span><span class="pp-class-382 pa t45805 l50089 ls800">are </span><span class="pp-class-382 pa t45805 l50090 ls2854">negotiated </span><span class="pp-class-382 pa t45805 l50091 ls2784">by </span><span class="pp-class-382 pa t45805 l50092 ls53">Management </span><span class="pp-class-382 pa t45805 l50093 ls302">to </span><span class="pp-class-382 pa t45963 l3 ls2145">provide </span><span class="pp-class-382 pa t45963 l5018 ls2142">flexibility </span><span class="pp-class-382 pa t45963 l50094 ls1080">in </span><span class="pp-class-382 pa t45963 l50095 ls1772">managing </span><span class="pp-class-382 pa t45963 l50096 ls858">the </span><span class="pp-class-382 pa t45963 l50097 ls296">asset </span><span class="pp-class-382 pa t45963 l50098 ls803">portfolio. </span><span class="pp-class-382 pa t45963 l43879 ls1323">Some </span><span class="pp-class-382 pa t45963 l50099 ls1759">lease </span><span class="pp-class-382 pa t45963 l50100 ls7694">contracts </span><span class="pp-class-382 pa t45963 l50101 ls296">include </span><span class="pp-class-382 pa t45963 l50102 ls2088">variable </span><span class="pp-class-382 pa t45963 l50103 ls1759">lease </span><span class="pp-class-382 pa t45963 l50104 ls1859">payments, </span><span class="pp-class-382 pa t45817 l3 ls1759">which </span><span class="pp-class-382 pa t45817 l44680 ls800">are </span><span class="pp-class-382 pa t45817 l24746 ls1110">further </span><span class="pp-class-382 pa t45817 l42508 ls1073">described </span><span class="pp-class-382 pa t45817 l50105 ls14077">below.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45987 l3 ls830 wtro3159 wtr1062 tro3160 tr1063">Set </span><span class="pp-class-382 pa t45987 l50106 ls1099 wtro3159 wtr1062 tro3160 tr1063">out </span><span class="pp-class-382 pa t45987 l50107 ls2142 wtro3159 wtr1062 tro3160 tr1063">below </span><span class="pp-class-382 pa t45987 l50108 ls800 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t45987 l50109 ls1099 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t45987 l50110 ls1099 wtro3159 wtr1062 tro3160 tr1063">carrying </span><span class="pp-class-382 pa t45987 l50111 ls1118 wtro3159 wtr1062 tro3160 tr1063">amounts </span><span class="pp-class-382 pa t45987 l50112 ls103 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t45987 l50113 ls1316 wtro3159 wtr1062 tro3160 tr1063">right-of-use </span><span class="pp-class-382 pa t45987 l50114 ls238 wtro3159 wtr1062 tro3160 tr1063">assets </span><span class="pp-class-382 pa t45987 l50115 ls2970 wtro3159 wtr1062 tro3160 tr1063">recognised </span><span class="pp-class-382 pa t45987 l50116 ls858 wtro3159 wtr1062 tro3160 tr1063">and </span><span class="pp-class-382 pa t45987 l50117 ls858 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t45987 l50118 ls1316 wtro3159 wtr1062 tro3160 tr1063">movements </span><span class="pp-class-382 pa t45987 l50119 ls2486 wtro3159 wtr1062 tro3160 tr1063">during </span><span class="pp-class-382 pa t45987 l50120 ls1099 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t45987 l50121 ls2486 wtro3159 wtr1062 tro3160 tr1063">period.</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50122 l3">DKK </span><span class="pp-class-372 pa t50122 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50122 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50123 l50124">Land </span><span class="pp-class-373 pa t50123 l50125">and </span><span class="pp-class-373 pa t50126 l50127 ls842">buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50126 l50128 ls1818">Terminals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50123 l50129 ls907">Ferries </span><span class="pp-class-373 pa t50123 l50130">and </span><span class="pp-class-373 pa t50126 l50131 ls907">other </span><span class="pp-class-373 pa t50126 l50132">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50123 l50133 ls193">Equipment</span><span class="pp-class-373 pa t50126 l50134 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50126 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50135 l3">Cost </span><span class="pp-class-372 pa t50135 l42333 ls2835">at </span><span class="pp-class-372 pa t50135 l48711">1 </span><span class="pp-class-372 pa t50135 l48712 ls1227">January </span><span class="pp-class-372 pa t50135 l48713 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50135 l50136 ls6007">1,524</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50135 l50137 ls103">3,222</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50135 l50138"/><span class="pp-class-372 pa t50135 l50139 ls1073">2,437</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50135 l50140 ls1257">736</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50135 l50141 ls50142">7,918</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50143 l3 ls124">Foreign </span><span class="pp-class-372 pa t50143 l42531 ls230">exchange </span><span class="pp-class-372 pa t50143 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50143 l50144">-11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50143 l50145">68</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50143 l50146">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50143 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50143 l48650">56</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50148 l3 ls704">Addition </span><span class="pp-class-372 pa t50148 l47664">on </span><span class="pp-class-372 pa t50148 l47665 ls37">acquisition </span><span class="pp-class-372 pa t50148 l47666 ls287">of </span><span class="pp-class-372 pa t50148 l47667 ls842">enterprises</span><span class="pp-class-374 pa t50149 l48904">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50148 l50150">202</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50148 l50151">15</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50148 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50148 l50152">34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50148 l50153">251</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50154 l3 ls704">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50154 l50155">36</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50154 l50156">8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50154 l50157">53</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50154 l50158">258</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50154 l50159">354</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50160 l3 ls1005">Remeasurement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50160 l50161 ls78">184</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50160 l50162 ls1759">157</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50160 l50163 ls3435">370</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50160 l48845">21</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50160 l50164 ls1257">732</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50165 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50165 l50166">31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50165 l50167">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50165 l50168">236</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50165 l50169 ls278">166</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50165 l47356">434</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50170 l3 ls144">Divestment </span><span class="pp-class-372 pa t50170 l43196 ls287">of </span><span class="pp-class-372 pa t50170 l9815 ls166">activities</span><span class="pp-class-374 pa t50171 l29937">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50170 l50172">9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50170 l50173 ls78">188</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50170 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50170 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50170 l50174 ls1955">197</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50175 l3">Cost </span><span class="pp-class-373 pa t50175 l30289 ls1323">at </span><span class="pp-class-373 pa t50175 l48751">31 </span><span class="pp-class-373 pa t50175 l17365">December </span><span class="pp-class-373 pa t50175 l48752 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50175 l50176 ls978">1,895</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50175 l50177 ls978">3,282</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50175 l50178 ls99">2,620</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50175 l50179">883</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50175 l42080 ls852">8,680</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50180 l3 ls278">Depreciation </span><span class="pp-class-372 pa t50180 l8535">and </span><span class="pp-class-372 pa t50180 l8536 ls287">impairment </span><span class="pp-class-372 pa t50180 l50181">losses</span><span class="pp-class-372 pa t50182 l3 ls2835">at </span><span class="pp-class-372 pa t50182 l50183">1 </span><span class="pp-class-372 pa t50182 l50184 ls1227">January </span><span class="pp-class-372 pa t50182 l50185 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50182 l50186">436</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50182 l50187">998</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50182 l50188">601</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50182 l50189">282</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50182 l50190 ls1123">2,318</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50191 l3 ls124">Foreign </span><span class="pp-class-372 pa t50191 l42531 ls230">exchange </span><span class="pp-class-372 pa t50191 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50191 l50192">-4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50191 l50193 ls16">27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50191 l50146">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50191 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50191 l50195">21</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50196 l3 ls278">Depreciation </span><span class="pp-class-372 pa t50196 l8535 ls110">charge</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50196 l50197">233</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50196 l50198">255</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50196 l50199">391</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50196 l50200">190</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50196 l50201 ls1073">1,069</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50202 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50202 l50203 ls1772">24</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50202 l50167">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50202 l50199 ls278">160</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50202 l50204">139</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50202 l50159">323</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50205 l3 ls144">Divestment </span><span class="pp-class-372 pa t50205 l43196 ls287">of </span><span class="pp-class-372 pa t50205 l9815 ls166">activities</span><span class="pp-class-374 pa t50206 l29937">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50205 l50207">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50205 l50208">67</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50205 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50205 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50205 l50209 ls1772">72</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50210 l3 ls854">Depreciation </span><span class="pp-class-373 pa t50210 l49379">and </span><span class="pp-class-373 pa t50210 l49380 ls287">impairment </span><span class="pp-class-373 pa t50211 l3 ls37">losses </span><span class="pp-class-373 pa t50211 l3301">31 </span><span class="pp-class-373 pa t50211 l45037">December </span><span class="pp-class-373 pa t50211 l13168 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50211 l50212 ls278">637</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50211 l50213">1,212</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50211 l50214">830</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50211 l50215">335</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50211 l50216 ls2145">3,014</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50217 l3 ls2548">Carrying </span><span class="pp-class-373 pa t50217 l42889 ls907">amount </span><span class="pp-class-373 pa t50217 l48787 ls1323">at </span><span class="pp-class-373 pa t50218 l3">31 </span><span class="pp-class-373 pa t50218 l48789">December </span><span class="pp-class-373 pa t50218 l48790 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50218 l50219">1,259</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50218 l50220 ls3382">2,070</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50218 l50221 ls14385">1,790</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50218 l50222">549</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50218 l50223 ls1057">5,667</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5189" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h50224 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46293">2023</span><span class="pp-class-374 pa t45835 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l50225">Land </span><span class="pp-class-373 pa t30075 l50226">and </span><span class="pp-class-373 pa t41825 l50227 ls842">buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41825 l50228 ls1818">Terminals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l50129 ls907">Ferries </span><span class="pp-class-373 pa t30075 l50130">and </span><span class="pp-class-373 pa t41825 l50131 ls907">other </span><span class="pp-class-373 pa t41825 l50132">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l50133 ls193">Equipment</span><span class="pp-class-373 pa t41825 l50134 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t41825 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l3">Cost </span><span class="pp-class-372 pa t41833 l42333 ls2835">at </span><span class="pp-class-372 pa t41833 l48711">1 </span><span class="pp-class-372 pa t41833 l48712 ls1227">January </span><span class="pp-class-372 pa t41833 l48713">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l50229">950</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l50230 ls1073">2,930</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l50231 ls1073">1,612</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l50232 ls3362">576</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t41833 l46585 ls3241">6,068</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l3 ls124">Foreign </span><span class="pp-class-372 pa t46204 l42531 ls230">exchange </span><span class="pp-class-372 pa t46204 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l50233 ls302">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l50234">29</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l46219">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l50235">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46204 l50236">42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50237 l3 ls704">Addition </span><span class="pp-class-372 pa t50237 l47664">on </span><span class="pp-class-372 pa t50237 l47665 ls37">acquisition </span><span class="pp-class-372 pa t50237 l47666 ls287">of </span><span class="pp-class-372 pa t50237 l47667 ls842">enterprises</span><span class="pp-class-374 pa t50238 l48904">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50237 l50239 ls742">274</span><span class="pp-class-374 pa t50238 l50240"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50237 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50237 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50237 l50241">54</span><span class="pp-class-374 pa t50238 l50242"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50237 l50243 ls254">327</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50244 l3 ls704">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50244 l50245">213</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50244 l50246">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50244 l50247">894</span><span class="pp-class-374 pa t50248 l50249">5 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50244 l50250 ls1080">241</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50244 l50251 ls88">1,361</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50252 l3 ls1005">Remeasurement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50252 l50253">65</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50252 l50254">280</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50252 l48866">15</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50252 l50255">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50252 l50256 ls3435">370</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50257 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50257 l50258 ls302">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50257 l50259 ls302">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50257 l50260">84</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50257 l50261 ls2835">141</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50257 l50153">251</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50262 l3 ls15062">Transfer</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50262 l50263">28</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50262 l50264">-20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50262 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50262 l50265">-8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50262 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50266 l3">Cost </span><span class="pp-class-373 pa t50266 l30289 ls1323">at </span><span class="pp-class-373 pa t50266 l48751">31 </span><span class="pp-class-373 pa t50266 l17365">December </span><span class="pp-class-373 pa t50266 l48752">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50266 l50267 ls276">1,524</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50266 l50268 ls978">3,222</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50266 l50269 ls658">2,437</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50266 l50270 ls1065">736</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50266 l50271 ls48425">7,918</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50272 l3 ls278">Depreciation </span><span class="pp-class-372 pa t50272 l8535">and </span><span class="pp-class-372 pa t50272 l8536 ls287">impairment </span><span class="pp-class-372 pa t50272 l50181">losses </span><span class="pp-class-372 pa t50273 l3 ls2835">at </span><span class="pp-class-372 pa t50273 l50183">1 </span><span class="pp-class-372 pa t50273 l50184 ls1227">January </span><span class="pp-class-372 pa t50273 l50185">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50273 l50274 ls1080">246</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50273 l50275 ls728">769</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50273 l50276">383</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50273 l50277">229</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50273 l50278 ls1073">1,626</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50279 l3 ls124">Foreign </span><span class="pp-class-372 pa t50279 l42531 ls230">exchange </span><span class="pp-class-372 pa t50279 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50279 l48721">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50279 l48722">9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50279 l50280">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50279 l50281">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50279 l50195">12</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50282 l3 ls278">Depreciation </span><span class="pp-class-372 pa t50282 l8535 ls110">charge</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50282 l50283 ls78">185</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50282 l50284">234</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50282 l50285">305</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50282 l50286 ls278">164</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50282 l47221">888</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50287 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50287 l50288">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50287 l48851">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50287 l50289">85</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50287 l50290 ls278">104</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50287 l50291">208</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50292 l3 ls15062">Transfer</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50292 l50293">15</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50292 l48865">-7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50292 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50292 l50265">-8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50292 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50294 l3 ls854">Depreciation </span><span class="pp-class-373 pa t50294 l49379">and </span><span class="pp-class-373 pa t50294 l49380 ls287">impairment </span><span class="pp-class-373 pa t50295 l3 ls37">losses </span><span class="pp-class-373 pa t50295 l3301">31 </span><span class="pp-class-373 pa t50295 l45037">December </span><span class="pp-class-373 pa t50295 l13168">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50295 l50296">436</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50295 l46343">998</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50295 l50297">601</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50295 l50298">282</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50295 l50299 ls931">2,318</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50300 l3 ls2548">Carrying </span><span class="pp-class-373 pa t50300 l42889 ls907">amount </span><span class="pp-class-373 pa t50300 l48787 ls1323">at </span><span class="pp-class-373 pa t50301 l3">31 </span><span class="pp-class-373 pa t50301 l48789">December </span><span class="pp-class-373 pa t50301 l48790">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50301 l50302 ls4275">1,087</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50301 l50303 ls128">2,224</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50301 l50304 ls978">1,835</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50301 l50305">453</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50301 l41848 ls864">5,600</span></p></td></tr></table></div></div><div id="pp-id-5111" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3451 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3453 l3 ls704">Addition </span><span class="pp-class-376 pa t3453 l47664">on </span><span class="pp-class-376 pa t3453 l47665 ls813">acquisitions </span><span class="pp-class-376 pa t3457 l3 ls287">of </span><span class="pp-class-376 pa t3457 l16702 ls842">enterprises </span><span class="pp-class-376 pa t3457 l50306 ls3566">relate </span><span class="pp-class-376 pa t3463 l3 ls166">to </span><span class="pp-class-376 pa t3463 l4223 ls907">FRS </span><span class="pp-class-376 pa t3463 l50307 ls110">Group </span><span class="pp-class-376 pa t3463 l50308">and </span><span class="pp-class-376 pa t3463 l45120 ls180">Ekol </span><span class="pp-class-376 pa t4229 l3 ls214">Group.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3471 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3479 l3 ls43">Relates </span><span class="pp-class-376 pa t3479 l41193 ls166">to </span><span class="pp-class-376 pa t3479 l50309 ls144">divestment </span><span class="pp-class-376 pa t3484 l3 ls287">of </span><span class="pp-class-376 pa t3484 l16702 ls907">terminals </span><span class="pp-class-376 pa t3484 l30645">and </span><span class="pp-class-376 pa t3488 l3 ls2220">offices </span><span class="pp-class-376 pa t3488 l30315">as </span><span class="pp-class-376 pa t3488 l50310 ls2570">part </span><span class="pp-class-376 pa t3488 l20227 ls287">of </span><span class="pp-class-376 pa t3494 l3">Oslo </span><span class="pp-class-376 pa t3494 l50311">- </span><span class="pp-class-376 pa t3494 l50312 ls203">Frederikshavn </span><span class="pp-class-376 pa t3494 l50313">- </span><span class="pp-class-376 pa t4257 l3 ls970">Copenhagen </span><span class="pp-class-376 pa t4257 l49601 ls34">route</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3501 l3">4</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t4266 l3 ls704">Addition </span><span class="pp-class-376 pa t4266 l47664">on </span><span class="pp-class-376 pa t4266 l47665 ls37">acquisition </span><span class="pp-class-376 pa t4273 l3 ls287">of </span><span class="pp-class-376 pa t4273 l16702 ls842">enterprises </span><span class="pp-class-376 pa t4273 l50306 ls1955">relates </span><span class="pp-class-376 pa t4281 l3 ls166">to </span><span class="pp-class-376 pa t4281 l4223 ls128">McBurney </span><span class="pp-class-376 pa t4281 l23641 ls2142">Transport </span><span class="pp-class-376 pa t4288 l3 ls110">Group </span><span class="pp-class-376 pa t4288 l12766">and </span><span class="pp-class-376 pa t4288 l29361 ls134">Estron </span><span class="pp-class-376 pa t4288 l50314 ls931">Group</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t50315 l3">5</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t50316 l3 ls704">Addition </span><span class="pp-class-376 pa t50316 l47664 ls138">primarily </span><span class="pp-class-376 pa t4309 l3 ls1955">relates </span><span class="pp-class-376 pa t4309 l50317 ls166">to </span><span class="pp-class-376 pa t4309 l50318">sale </span><span class="pp-class-376 pa t4309 l50319">and </span><span class="pp-class-376 pa t4313 l3 ls175">leaseback </span><span class="pp-class-376 pa t4313 l50320 ls287">of </span><span class="pp-class-376 pa t4313 l50321 ls110">three </span><span class="pp-class-376 pa t4317 l3 ls45">ferries, </span><span class="pp-class-376 pa t4317 l50322">as </span><span class="pp-class-376 pa t4317 l49707 ls1326">well </span><span class="pp-class-376 pa t4317 l50323">as </span><span class="pp-class-376 pa t4317 l50324 ls124">two </span><span class="pp-class-376 pa t4322 l3 ls124">new </span><span class="pp-class-376 pa t4322 l50325 ls910">charter </span><span class="pp-class-376 pa t4322 l50326 ls978">contracts </span><span class="pp-class-376 pa t50327 l3 ls43">for </span><span class="pp-class-376 pa t50327 l17200 ls90">ferries.</span></p></div></div><div id="pp-id-5190" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h50328 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1244">3.1.3 </span><span class="pp-class-370 pa t21055 l43638 ls1955">Right-of-use </span><span class="pp-class-370 pa t21055 l50051 ls842">assets </span><span class="pp-class-370 pa t21055 l39231">and </span><span class="pp-class-370 pa t21055 l50052 ls166">lease </span><span class="pp-class-370 pa t21055 l50053">liabilities </span><span class="pp-class-371 pa t21055 l50329 ls155">(continued)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls830">Set </span><span class="pp-class-382 pa t45774 l50330 ls858">out </span><span class="pp-class-382 pa t45774 l19434 ls1080">in </span><span class="pp-class-382 pa t45774 l50331 ls858">the </span><span class="pp-class-382 pa t45774 l50332 ls4299">following </span><span class="pp-class-382 pa t45774 l50333 ls800">are </span><span class="pp-class-382 pa t45774 l50334 ls858">the </span><span class="pp-class-382 pa t45774 l50335 ls1099">carrying </span><span class="pp-class-382 pa t45774 l50336 ls1118">amounts </span><span class="pp-class-382 pa t45774 l50337 ls103">of </span><span class="pp-class-382 pa t45774 l50338 ls1759">lease </span><span class="pp-class-382 pa t45774 l50339 ls1118">liabilities </span><span class="pp-class-382 pa t45774 l50340 ls281">(included </span><span class="pp-class-382 pa t45774 l50341 ls1759">under </span><span class="pp-class-382 pa t45774 l50342 ls2784">interest-bearing </span><span class="pp-class-382 pa t45774 l50343 ls1118">liabilities) </span><span class="pp-class-382 pa t45789 l3 ls858">and </span><span class="pp-class-382 pa t45789 l29386 ls858">the </span><span class="pp-class-382 pa t45789 l50344 ls1316">movements </span><span class="pp-class-382 pa t45789 l50345 ls2486">during </span><span class="pp-class-382 pa t45789 l50346 ls858">the </span><span class="pp-class-382 pa t45789 l50347 ls2486">period.</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50348 l3">DKK </span><span class="pp-class-372 pa t50348 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50348 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50348 l46293">2023</span><span class="pp-class-374 pa t50350 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50351 l3">As </span><span class="pp-class-372 pa t50351 l50352 ls2835">at </span><span class="pp-class-372 pa t50351 l50353">1 </span><span class="pp-class-372 pa t50351 l50354 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50351 l50355 ls2955">5,832</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50351 l46709 ls1859">4,497</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t20108 l3 ls124">Foreign </span><span class="pp-class-372 pa t20108 l42531 ls230">exchange </span><span class="pp-class-372 pa t20108 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t20108 l50356">82</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t20108 l46596">11</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50357 l3 ls704">Addition </span><span class="pp-class-372 pa t50357 l47664">on </span><span class="pp-class-372 pa t50357 l47665 ls37">acquisition </span><span class="pp-class-372 pa t50357 l47666 ls287">of </span><span class="pp-class-372 pa t50357 l47667 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50357 l49258">251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50357 l50243 ls254">327</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50358 l3 ls704">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50358 l50359">355</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50358 l50360 ls1298">1,468</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50361 l3 ls1005">Remeasurement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50361 l50362 ls1257">732</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50361 l50256 ls3435">370</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50363 l3 ls842">Instalments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50363 l50364 ls4305">1,024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50363 l47356 ls278">799</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50365 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50365 l50366">112</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50365 l50367">43</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50368 l3 ls144">Divestment </span><span class="pp-class-372 pa t50368 l43196 ls287">of </span><span class="pp-class-372 pa t50368 l9815 ls166">activities</span><span class="pp-class-374 pa t50369 l29937">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50368 l50370 ls254">127</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50368 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50371 l3 ls15062">Transfer</span><span class="pp-class-374 pa t50372 l50373">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50371 l50374 ls2848">-117 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50371 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50375 l3 ls2459">Total </span><span class="pp-class-373 pa t50375 l29712 ls175">lease </span><span class="pp-class-373 pa t50375 l47986">liabilities </span><span class="pp-class-373 pa t50375 l50376 ls1323">at </span><span class="pp-class-373 pa t50375 l50377">31 </span><span class="pp-class-373 pa t50375 l50378">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50375 l50379 ls650">5,872</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50375 l47256 ls3105">5,832</span></p></td></tr></table><table><tr><td colspan="3" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50380 l3 ls982">Non-discounted </span><span class="pp-class-372 pa t50380 l7462">lease </span><span class="pp-class-372 pa t50380 l50381">liabilities </span><span class="pp-class-372 pa t50380 l50382 ls1259">expiring </span><span class="pp-class-372 pa t50380 l50383">within </span><span class="pp-class-372 pa t50380 l50384">the </span><span class="pp-class-372 pa t50380 l50385 ls1259">following </span><span class="pp-class-372 pa t50380 l50386">periods </span><span class="pp-class-372 pa t50380 l50387 ls931">from </span><span class="pp-class-372 pa t50380 l50388">the </span><span class="pp-class-372 pa t50380 l50389 ls12">balance </span><span class="pp-class-372 pa t50380 l50390 ls72">sheet </span><span class="pp-class-372 pa t50380 l50391 ls897">date:</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50392 l3">DKK </span><span class="pp-class-372 pa t50392 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50392 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50392 l46293">2023</span><span class="pp-class-374 pa t50393 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50394 l3">Within </span><span class="pp-class-372 pa t50394 l50395">1 </span><span class="pp-class-372 pa t50394 l31017 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50394 l50396">1,293</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50394 l50397 ls2848">1,171</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50398 l3 ls4652">1-3 </span><span class="pp-class-372 pa t50398 l50399 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50398 l50400 ls1073">2,659</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50398 l50401 ls34">2,273</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50402 l3">3-5 </span><span class="pp-class-372 pa t50402 l50403 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50402 l50404">1,296</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50402 l50405 ls88">1,352</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50406 l3 ls225">After </span><span class="pp-class-372 pa t50406 l26660">5 </span><span class="pp-class-372 pa t50406 l50407 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50406 l50408 ls276">1,551</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50406 l50409 ls1073">1,904</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50410 l3 ls2459">Total </span><span class="pp-class-373 pa t50410 l29712 ls175">lease </span><span class="pp-class-373 pa t50410 l47986 ls1252">liability, </span><span class="pp-class-373 pa t50410 l50411 ls2329">non-discounted</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50410 l50412 ls23508">6,798</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50410 l50413 ls1243">6,699</span></p></td></tr></table><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50414 l3">Lease </span><span class="pp-class-372 pa t50414 l50415">liabilities </span><span class="pp-class-372 pa t50414 l50416 ls85">are </span><span class="pp-class-372 pa t50414 l29752 ls171">recognised </span><span class="pp-class-372 pa t50414 l50417">in </span><span class="pp-class-372 pa t50414 l50418">the </span><span class="pp-class-372 pa t50414 l50419">balance </span><span class="pp-class-372 pa t50414 l50420 ls72">sheet </span><span class="pp-class-372 pa t50414 l50421">as </span><span class="pp-class-372 pa t50414 l50422 ls978">follows:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50414 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50414 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50424 l3">DKK </span><span class="pp-class-372 pa t50424 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50424 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50424 l46293">2023</span><span class="pp-class-374 pa t50425 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50426 l3 ls171">Non-current </span><span class="pp-class-372 pa t50426 l34315">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50426 l50427 ls103">4,846</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50426 l50428 ls103">4,886</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50429 l3 ls1326">Current </span><span class="pp-class-372 pa t50429 l47286">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50429 l50430 ls688">1,027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50429 l50431">946</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50432 l3 ls2459">Total </span><span class="pp-class-373 pa t50432 l29712 ls175">lease </span><span class="pp-class-373 pa t50432 l47986">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50432 l50379 ls650">5,872</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50432 l47256 ls3105">5,832</span></p></td></tr></table><table><tr><td colspan="3" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50433 l3">The </span><span class="pp-class-372 pa t50433 l16790 ls1259">following </span><span class="pp-class-372 pa t50433 l50434 ls105">amounts </span><span class="pp-class-372 pa t50433 l36856 ls85">are </span><span class="pp-class-372 pa t50433 l50435 ls171">recognised </span><span class="pp-class-372 pa t50433 l50436">in </span><span class="pp-class-372 pa t50433 l50437">the </span><span class="pp-class-372 pa t50433 l50438">income </span><span class="pp-class-372 pa t50433 l50439 ls78">statement:</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50440 l3">DKK </span><span class="pp-class-372 pa t50440 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50440 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50440 l46293">2023</span><span class="pp-class-374 pa t50441 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50442 l3">Expenses </span><span class="pp-class-372 pa t50442 l50443 ls68">relating </span><span class="pp-class-372 pa t50442 l50444 ls166">to </span><span class="pp-class-372 pa t50442 l26848 ls112">short-term </span><span class="pp-class-372 pa t50442 l50445">leases </span><span class="pp-class-372 pa t50442 l50446 ls2052">(included </span><span class="pp-class-372 pa t50442 l50447">in </span><span class="pp-class-372 pa t50442 l50448 ls1264">costs)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50442 l50449">30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50442 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50450 l3">Expenses </span><span class="pp-class-372 pa t50450 l50443 ls68">relating </span><span class="pp-class-372 pa t50450 l50444 ls166">to </span><span class="pp-class-372 pa t50450 l26848 ls34">low-value </span><span class="pp-class-372 pa t50450 l50451 ls175">assets </span><span class="pp-class-372 pa t50450 l50452 ls2052">(included </span><span class="pp-class-372 pa t50450 l50453">in </span><span class="pp-class-372 pa t50450 l487 ls1264">costs)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50450 l50454">151</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50450 l50455 ls16">27</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50456 l3 ls281">Variable </span><span class="pp-class-372 pa t50456 l50457">lease </span><span class="pp-class-372 pa t50456 l17206 ls254">payments </span><span class="pp-class-372 pa t50456 l18125 ls2052">(included </span><span class="pp-class-372 pa t50456 l50458">in </span><span class="pp-class-372 pa t50456 l30711 ls1264">costs)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50456 l50290 ls278">104</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50456 l50459">94</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50460 l3 ls947">Depreciation, </span><span class="pp-class-372 pa t50460 l50461">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50460 l50204">391</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50460 l46624">305</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50462 l3 ls947">Depreciation, </span><span class="pp-class-372 pa t50462 l50461 ls72">other </span><span class="pp-class-372 pa t50462 l50463 ls171">non-current </span><span class="pp-class-372 pa t50462 l42472 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50462 l50464 ls1309">678</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50462 l50465">583</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50466 l3 ls884">Interest </span><span class="pp-class-372 pa t50466 l14027 ls1259">expenses </span><span class="pp-class-372 pa t50466 l36788">on </span><span class="pp-class-372 pa t50466 l50467">lease </span><span class="pp-class-372 pa t50466 l50468">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50466 l50469">286</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50466 l50291">208</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50470 l3">Gain </span><span class="pp-class-372 pa t50470 l50471">arising </span><span class="pp-class-372 pa t50470 l50472 ls931">from </span><span class="pp-class-372 pa t50470 l50473">sale </span><span class="pp-class-372 pa t50470 l50474">and </span><span class="pp-class-372 pa t50470 l50475 ls175">leaseback </span><span class="pp-class-372 pa t50470 l50476 ls1326">transactions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50470 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50470 l50477">95</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50478 l3 ls2459">Total </span><span class="pp-class-373 pa t50478 l29712 ls907">amount </span><span class="pp-class-373 pa t50478 l50479 ls72">recognised </span><span class="pp-class-373 pa t50478 l50480">in </span><span class="pp-class-373 pa t50478 l50481">the </span><span class="pp-class-373 pa t50478 l50482">income </span><span class="pp-class-373 pa t50478 l50483 ls78">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50478 l50484 ls99">1,640</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50478 l50485">1,123</span></p></td></tr></table></div></div><div id="pp-id-5191" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h50486 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td colspan="3" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">The </span><span class="pp-class-372 pa t328 l16790 ls1259">following </span><span class="pp-class-372 pa t328 l50434 ls105">amounts </span><span class="pp-class-372 pa t328 l36856 ls931">from </span><span class="pp-class-372 pa t328 l50487">leases </span><span class="pp-class-372 pa t328 l50488 ls85">are </span><span class="pp-class-372 pa t328 l50489 ls171">recognised </span><span class="pp-class-372 pa t328 l50490">in </span><span class="pp-class-372 pa t328 l50491">the </span><span class="pp-class-372 pa t328 l50492 ls78">statement </span><span class="pp-class-372 pa t328 l50493 ls287">of </span><span class="pp-class-372 pa t328 l50494">Cash </span><span class="pp-class-372 pa t328 l50495 ls110">flows:</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t30075 l3">DKK </span><span class="pp-class-372 pa t30075 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30075 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t30075 l46293">2023</span><span class="pp-class-374 pa t50496 l46294">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50497 l3">Cash </span><span class="pp-class-372 pa t50497 l3014 ls110">flows </span><span class="pp-class-372 pa t50497 l3015 ls931">from </span><span class="pp-class-372 pa t50497 l3016 ls110">operating </span><span class="pp-class-372 pa t50497 l3017 ls90">activities, </span><span class="pp-class-372 pa t50497 l40698 ls931">gross</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50497 l50498">-285</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50497 l50499">-122</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50500 l3 ls884">Interest </span><span class="pp-class-372 pa t50500 l14027 ls138">etc., </span><span class="pp-class-372 pa t50500 l29349">paid</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50500 l50501">-286</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50500 l50502">-208</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50503 l3">Cash </span><span class="pp-class-372 pa t50503 l3014 ls110">flows </span><span class="pp-class-372 pa t50503 l3015 ls931">from </span><span class="pp-class-372 pa t50503 l3016 ls110">operating </span><span class="pp-class-372 pa t50503 l3017 ls90">activities, </span><span class="pp-class-372 pa t50503 l40698 ls913">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50503 l50504 ls34">-571</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50503 l50505">-329</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50506 l3">Cash </span><span class="pp-class-372 pa t50506 l3014 ls110">flows </span><span class="pp-class-372 pa t50506 l3015 ls931">from </span><span class="pp-class-372 pa t50506 l3016">financing </span><span class="pp-class-372 pa t50506 l50507 ls90">activities, </span><span class="pp-class-372 pa t50506 l50508 ls913">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50506 l44009 ls3477">-1,024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50506 l50509 ls332">-799</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50510 l3 ls2459">Total </span><span class="pp-class-373 pa t50510 l29712">cash </span><span class="pp-class-373 pa t50510 l50511 ls2482">outflows </span><span class="pp-class-373 pa t50510 l50512 ls241">from </span><span class="pp-class-373 pa t50510 l50513 ls175">leases</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50510 l50514 ls274">-1,595</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50510 l50515">-1,129</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t50516 l3 ls1080">In </span><span class="pp-class-382 pa t50516 l43891 ls1150">2024 </span><span class="pp-class-382 pa t50516 l50517 ls858">the </span><span class="pp-class-382 pa t50516 l50518 ls2784">Group </span><span class="pp-class-382 pa t50516 l22211 ls858">has </span><span class="pp-class-382 pa t50516 l50519 ls1323">paid </span><span class="pp-class-382 pa t50516 l50520 ls858">DKK </span><span class="pp-class-382 pa t50516 l50521 ls3435">1,595m </span><span class="pp-class-382 pa t50516 l50522 ls2486">(2023: </span><span class="pp-class-382 pa t50516 l50523 ls858">DKK </span><span class="pp-class-382 pa t50516 l50524 ls1237">1,129m) </span><span class="pp-class-382 pa t50516 l50525 ls2145">regarding </span><span class="pp-class-382 pa t50516 l50526 ls1759">lease </span><span class="pp-class-382 pa t50516 l50527 ls6007">agreements </span><span class="pp-class-382 pa t50516 l50528 ls1148">whereof </span><span class="pp-class-382 pa t50516 l50529 ls5069">interest </span><span class="pp-class-382 pa t50530 l3 ls8853">expenses </span><span class="pp-class-382 pa t50530 l18475 ls3458">related </span><span class="pp-class-382 pa t50530 l50531 ls1759">to </span><span class="pp-class-382 pa t50530 l50532 ls1759">lease </span><span class="pp-class-382 pa t50530 l50533 ls1118">liabilities </span><span class="pp-class-382 pa t50530 l50534 ls1073">amount </span><span class="pp-class-382 pa t50530 l50535 ls1759">to </span><span class="pp-class-382 pa t50530 l50536 ls1099">DKK </span><span class="pp-class-382 pa t50530 l20839 ls1323">286m </span><span class="pp-class-382 pa t50530 l50537 ls2486">(2023: </span><span class="pp-class-382 pa t50530 l50538 ls858">DKK </span><span class="pp-class-382 pa t50530 l49534 ls2486">208m), </span><span class="pp-class-382 pa t50530 l50539 ls1701">instalment </span><span class="pp-class-382 pa t50530 l50540 ls103">of </span><span class="pp-class-382 pa t50530 l50541 ls1759">lease </span><span class="pp-class-382 pa t50530 l50542 ls1323">liability </span><span class="pp-class-382 pa t50543 l3 ls1118">amounts </span><span class="pp-class-382 pa t50543 l45921 ls1759">to </span><span class="pp-class-382 pa t50543 l50544 ls858">DKK </span><span class="pp-class-382 pa t50543 l50545 ls2588">1,024m </span><span class="pp-class-382 pa t50543 l50546 ls2486">(2023: </span><span class="pp-class-382 pa t50543 l50547 ls858">DKK </span><span class="pp-class-382 pa t50543 l50548 ls1772">799m), </span><span class="pp-class-382 pa t50543 l50549 ls858">and </span><span class="pp-class-382 pa t50543 l19362 ls858">DKK </span><span class="pp-class-382 pa t50543 l50550 ls1323">285m </span><span class="pp-class-382 pa t50543 l50551 ls2486">(2023: </span><span class="pp-class-382 pa t50543 l50552 ls1099">DKK </span><span class="pp-class-382 pa t50543 l50553 ls1759">122m) </span><span class="pp-class-382 pa t50543 l50554 ls3458">relates </span><span class="pp-class-382 pa t50543 l50555 ls1759">to </span><span class="pp-class-382 pa t50543 l50556 ls1859">short-term </span><span class="pp-class-382 pa t50543 l50557 ls858">leases, </span><span class="pp-class-382 pa t50558 l3 ls2145">low-value </span><span class="pp-class-382 pa t50558 l50559 ls2486">leases </span><span class="pp-class-382 pa t50558 l50560 ls1099">and </span><span class="pp-class-382 pa t50558 l50561 ls2088">variable </span><span class="pp-class-382 pa t50558 l50562 ls1759">lease </span><span class="pp-class-382 pa t50558 l50563 ls5069">payments.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t50564 l3 ls10900">At </span><span class="pp-class-382 pa t50564 l49043 ls1080">31 </span><span class="pp-class-382 pa t50564 l50565 ls2694">December </span><span class="pp-class-382 pa t50564 l50566 ls1150">2024 </span><span class="pp-class-382 pa t50564 l50567 ls858">the </span><span class="pp-class-382 pa t50564 l41484 ls2784">Group </span><span class="pp-class-382 pa t50564 l16339 ls1150">was </span><span class="pp-class-382 pa t50564 l10202 ls803">committed </span><span class="pp-class-382 pa t50564 l50568 ls1759">to </span><span class="pp-class-382 pa t50564 l50569 ls155">short </span><span class="pp-class-382 pa t50564 l50570 ls1073">term </span><span class="pp-class-382 pa t50564 l50571 ls858">and </span><span class="pp-class-382 pa t50564 l50572 ls2145">low-value </span><span class="pp-class-382 pa t50564 l50573 ls2486">leases </span><span class="pp-class-382 pa t50564 l50574 ls3278">for </span><span class="pp-class-382 pa t50564 l50575 ls1080">an </span><span class="pp-class-382 pa t50564 l50576 ls1073">amount </span><span class="pp-class-382 pa t50564 l50577 ls103">of </span><span class="pp-class-382 pa t50564 l50578 ls302">DKK </span><span class="pp-class-382 pa t50579 l3 ls6360">144m </span><span class="pp-class-382 pa t50579 l7342 ls2486">(2023: </span><span class="pp-class-382 pa t50579 l50580 ls858">DKK </span><span class="pp-class-382 pa t50579 l50581 ls1323">90m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t50582 l3 ls858">The </span><span class="pp-class-382 pa t50582 l16631 ls2784">Group </span><span class="pp-class-382 pa t50582 l4002 ls858">has </span><span class="pp-class-382 pa t50582 l44886 ls1150">two </span><span class="pp-class-382 pa t50582 l50583 ls296">terminal </span><span class="pp-class-382 pa t50582 l16288 ls1759">lease </span><span class="pp-class-382 pa t50582 l50584 ls7694">contracts </span><span class="pp-class-382 pa t50582 l50585 ls6360">that </span><span class="pp-class-382 pa t50582 l8153 ls4275">contains </span><span class="pp-class-382 pa t50582 l50586 ls2088">variable </span><span class="pp-class-382 pa t50582 l50587 ls5069">payments </span><span class="pp-class-382 pa t50582 l50588 ls1759">based </span><span class="pp-class-382 pa t50582 l50589 ls1080">on </span><span class="pp-class-382 pa t50582 l50590 ls1099">the </span><span class="pp-class-382 pa t50582 l50591 ls2486">number </span><span class="pp-class-382 pa t50582 l50592 ls134">of </span><span class="pp-class-382 pa t50593 l3 ls864">transferred </span><span class="pp-class-382 pa t50593 l50594 ls2486">units. </span><span class="pp-class-382 pa t50593 l46152 ls858">The </span><span class="pp-class-382 pa t50593 l48577 ls1118">terms </span><span class="pp-class-382 pa t50593 l50595 ls1759">align </span><span class="pp-class-382 pa t50593 l39133 ls858">the </span><span class="pp-class-382 pa t50593 l50596 ls1759">lease </span><span class="pp-class-382 pa t50593 l50597 ls1150">expense </span><span class="pp-class-382 pa t50593 l50598 ls1323">with </span><span class="pp-class-382 pa t50593 l50599 ls858">the </span><span class="pp-class-382 pa t50593 l50600 ls1759">units </span><span class="pp-class-382 pa t50593 l50601 ls864">transferred </span><span class="pp-class-382 pa t50593 l50602 ls1099">and </span><span class="pp-class-382 pa t50593 l50603 ls2143">revenue </span><span class="pp-class-382 pa t50593 l50604 ls1237">earned. </span><span class="pp-class-382 pa t50593 l50605 ls302">The </span><span class="pp-class-382 pa t50606 l3 ls4299">following </span><span class="pp-class-382 pa t50606 l50607 ls3377">provides </span><span class="pp-class-382 pa t50606 l42515 ls1148">information </span><span class="pp-class-382 pa t50606 l50608 ls1080">on </span><span class="pp-class-382 pa t50606 l50609 ls858">the </span><span class="pp-class-382 pa t50606 l50610 ls1015">Group’s </span><span class="pp-class-382 pa t50606 l50611 ls2088">variable </span><span class="pp-class-382 pa t50606 l50612 ls1759">lease </span><span class="pp-class-382 pa t50606 l20682 ls5069">payments </span><span class="pp-class-382 pa t50606 l50613 ls1080">in </span><span class="pp-class-382 pa t50606 l50614 ls2531">relation </span><span class="pp-class-382 pa t50606 l50615 ls1759">to </span><span class="pp-class-382 pa t50606 l50616 ls2784">fixed </span><span class="pp-class-382 pa t50606 l50617 ls5069">payments:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50618 l3">DKK </span><span class="pp-class-372 pa t50618 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50619 l50620 ls2835">Fixed </span><span class="pp-class-373 pa t50618 l50621 ls39">payments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50619 l50622 ls1080">Variable </span><span class="pp-class-373 pa t50618 l50623 ls39">payments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50618 l50624 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50619 l50231 ls110">Fixed </span><span class="pp-class-372 pa t50618 l50625 ls78">payments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50619 l50626 ls281">Variable </span><span class="pp-class-372 pa t50618 l50627 ls78">payments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50618 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50628 l3">Lease </span><span class="pp-class-372 pa t50628 l50415 ls78">payments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50628 l50629 ls2835">145</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50628 l50630">58</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50628 l50631">203</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50628 l50632">135</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50628 l50633">49</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50628 l50634 ls78">184</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50635 l3 ls281">Variable </span><span class="pp-class-372 pa t50635 l50457 ls230">rent </span><span class="pp-class-372 pa t50635 l50636 ls1237">only</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50635 l48735">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50635 l50637">46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50635 l36836">46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50635 l50638"/><span class="pp-class-372 pa t50635 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50635 l50639">45</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50635 l47303">45</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50640 l3 ls2459">Total </span><span class="pp-class-373 pa t50640 l29712">31 </span><span class="pp-class-373 pa t50640 l50641">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50640 l50642 ls78">145</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50640 l50643 ls913">104</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50640 l50644 ls278">249</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50640 l50645">135</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50640 l50646">94</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50640 l50647">228</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t50648 l3 ls302">A </span><span class="pp-class-382 pa t50648 l50649 ls1772">10% </span><span class="pp-class-382 pa t50648 l50650 ls8853">increase </span><span class="pp-class-382 pa t50648 l50651 ls1080">in </span><span class="pp-class-382 pa t50648 l33992 ls1759">units </span><span class="pp-class-382 pa t50648 l50652 ls864">transferred </span><span class="pp-class-382 pa t50648 l50653 ls2142">would </span><span class="pp-class-382 pa t50648 l50654 ls8853">increase </span><span class="pp-class-382 pa t50648 l50655 ls2889">total </span><span class="pp-class-382 pa t50648 l50656 ls1759">lease </span><span class="pp-class-382 pa t50648 l50657 ls5069">payments </span><span class="pp-class-382 pa t50648 l50658 ls2784">by </span><span class="pp-class-382 pa t50648 l50659 ls1099">7%. </span><span class="pp-class-382 pa t50648 l19232 ls1099">The </span><span class="pp-class-382 pa t50648 l50660 ls2784">Group </span><span class="pp-class-382 pa t50648 l50661 ls858">has </span><span class="pp-class-382 pa t50648 l50662 ls1759">lease </span><span class="pp-class-382 pa t50648 l50663 ls6007">contracts </span><span class="pp-class-382 pa t50664 l3 ls3278">for </span><span class="pp-class-382 pa t50664 l48915 ls2489">ferries </span><span class="pp-class-382 pa t50664 l50665 ls858">and </span><span class="pp-class-382 pa t50664 l50666 ls296">terminals </span><span class="pp-class-382 pa t50664 l50667 ls6360">that </span><span class="pp-class-382 pa t50664 l50668 ls296">include </span><span class="pp-class-382 pa t50664 l48050 ls2127">extension </span><span class="pp-class-382 pa t50664 l26209 ls1099">and </span><span class="pp-class-382 pa t50664 l50669 ls728">termination </span><span class="pp-class-382 pa t50664 l50670 ls1271">options. </span><span class="pp-class-382 pa t50664 l50671 ls1759">These </span><span class="pp-class-382 pa t50664 l50672 ls3474">options </span><span class="pp-class-382 pa t50664 l50673 ls2145">provide </span><span class="pp-class-382 pa t50664 l50674 ls2142">flexibility </span><span class="pp-class-382 pa t50664 l50675 ls278">in </span><span class="pp-class-382 pa t50676 l3 ls1772">managing </span><span class="pp-class-382 pa t50676 l50677 ls858">the </span><span class="pp-class-382 pa t50676 l50678 ls2486">leased </span><span class="pp-class-382 pa t50676 l30771 ls296">asset </span><span class="pp-class-382 pa t50676 l50679 ls53">portfolio </span><span class="pp-class-382 pa t50676 l50680 ls1099">and </span><span class="pp-class-382 pa t50676 l50681 ls1759">align </span><span class="pp-class-382 pa t50676 l47051 ls1323">with </span><span class="pp-class-382 pa t50676 l50682 ls858">the </span><span class="pp-class-382 pa t50676 l50683 ls1015">Group’s </span><span class="pp-class-382 pa t50676 l50684 ls2694">business </span><span class="pp-class-382 pa t50676 l50685 ls1110">needs. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t50686 l3 ls1080">In </span><span class="pp-class-382 pa t50686 l43891 ls7094">2023, </span><span class="pp-class-382 pa t50686 l50687 ls1323">DFDS </span><span class="pp-class-382 pa t50686 l50688 ls4305">entered </span><span class="pp-class-382 pa t50686 l50689 ls3474">into </span><span class="pp-class-382 pa t50686 l50690 ls1080">an </span><span class="pp-class-382 pa t50686 l50691 ls1316">agreement </span><span class="pp-class-382 pa t50686 l50692 ls1759">to </span><span class="pp-class-382 pa t50686 l50693 ls1323">sell </span><span class="pp-class-382 pa t50686 l50694 ls1099">and </span><span class="pp-class-382 pa t50686 l50695 ls1772">leaseback </span><span class="pp-class-382 pa t50686 l50696 ls2784">three </span><span class="pp-class-382 pa t50686 l50697 ls852">freight </span><span class="pp-class-382 pa t50686 l50698 ls2489">ferries </span><span class="pp-class-382 pa t50686 l50699 ls3278">for </span><span class="pp-class-382 pa t50686 l50700 ls302">a </span><span class="pp-class-382 pa t50686 l50701 ls2889">total </span><span class="pp-class-382 pa t50686 l50702 ls1759">sales </span><span class="pp-class-382 pa t50686 l50703 ls1759">price </span><span class="pp-class-382 pa t50686 l50704 ls134">of </span><span class="pp-class-382 pa t50705 l3 ls858">DKK </span><span class="pp-class-382 pa t50705 l50706 ls2688">1,466m </span><span class="pp-class-382 pa t50705 l50707 ls1759">which </span><span class="pp-class-382 pa t50705 l50708 ls4275">entailed </span><span class="pp-class-382 pa t50705 l15641 ls302">a </span><span class="pp-class-382 pa t50705 l50709 ls1323">gain </span><span class="pp-class-382 pa t50705 l50710 ls1080">in </span><span class="pp-class-382 pa t50705 l50711 ls1099">the </span><span class="pp-class-382 pa t50705 l50712 ls2486">income </span><span class="pp-class-382 pa t50705 l50713 ls1150">statement </span><span class="pp-class-382 pa t50705 l50714 ls103">of </span><span class="pp-class-382 pa t50705 l50715 ls1099">DKK </span><span class="pp-class-382 pa t50705 l50716 ls1323">95m. </span><span class="pp-class-382 pa t50705 l50717 ls858">The </span><span class="pp-class-382 pa t50705 l50718 ls2944">transaction </span><span class="pp-class-382 pa t50705 l50719 ls185">improves </span><span class="pp-class-382 pa t50705 l50720 ls1323">financial </span><span class="pp-class-382 pa t50721 l3 ls2142">flexibility </span><span class="pp-class-382 pa t50721 l50722 ls2784">by </span><span class="pp-class-382 pa t50721 l29577 ls960">releasing </span><span class="pp-class-382 pa t50721 l2995 ls1323">cash </span><span class="pp-class-382 pa t50721 l41693 ls858">and </span><span class="pp-class-382 pa t50721 l9822 ls1316">lowering </span><span class="pp-class-382 pa t50721 l36833 ls1099">the </span><span class="pp-class-382 pa t50721 l31683 ls296">asset </span><span class="pp-class-382 pa t50721 l50655 ls1101">ownership </span><span class="pp-class-382 pa t50721 l50723 ls2149">share. </span><span class="pp-class-382 pa t50721 l50724 ls858">The </span><span class="pp-class-382 pa t50721 l50725 ls1237">leasing </span><span class="pp-class-382 pa t50721 l50726 ls2486">period </span><span class="pp-class-382 pa t50721 l50727 ls1080">is </span><span class="pp-class-382 pa t50721 l50728 ls960">five </span><span class="pp-class-382 pa t50721 l50729 ls2142">years </span><span class="pp-class-382 pa t50721 l50730 ls1112">starting </span><span class="pp-class-382 pa t50731 l3 ls1243">from </span><span class="pp-class-382 pa t50731 l49226 ls1099">the </span><span class="pp-class-382 pa t50731 l49914 ls2944">day </span><span class="pp-class-382 pa t50731 l50732 ls103">of </span><span class="pp-class-382 pa t50731 l50733 ls1535">delivery. </span><span class="pp-class-382 pa t50731 l50734 ls858">The </span><span class="pp-class-382 pa t50731 l2621 ls1316">agreement </span><span class="pp-class-382 pa t50731 l50735 ls238">includes </span><span class="pp-class-382 pa t50731 l50736 ls302">a </span><span class="pp-class-382 pa t50731 l50737 ls1305">right </span><span class="pp-class-382 pa t50731 l50738 ls103">of </span><span class="pp-class-382 pa t50731 l50739 ls1759">first </span><span class="pp-class-382 pa t50731 l50740 ls1148">refusal </span><span class="pp-class-382 pa t50731 l50741 ls1759">to </span><span class="pp-class-382 pa t50731 l50742 ls8853">purchase </span><span class="pp-class-382 pa t50731 l50743 ls858">the </span><span class="pp-class-382 pa t50731 l50744 ls2489">ferries </span><span class="pp-class-382 pa t50731 l50745 ls2486">during </span><span class="pp-class-382 pa t50731 l50746 ls302">the </span><span class="pp-class-382 pa t50747 l3 ls1237">leasing </span><span class="pp-class-382 pa t50747 l50748 ls2486">period.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t50749 l3 ls1080">As </span><span class="pp-class-382 pa t50749 l50750 ls1083">at </span><span class="pp-class-382 pa t50749 l50751 ls1080">31 </span><span class="pp-class-382 pa t50749 l50752 ls2694">December </span><span class="pp-class-382 pa t50749 l50753 ls2854">2024, </span><span class="pp-class-382 pa t50749 l50754 ls2842">potential </span><span class="pp-class-382 pa t50749 l50755 ls1083">future </span><span class="pp-class-382 pa t50749 l50756 ls1323">cash </span><span class="pp-class-382 pa t50749 l50757 ls2688">outflows </span><span class="pp-class-382 pa t50749 l50758 ls103">of </span><span class="pp-class-382 pa t50749 l50759 ls858">DKK </span><span class="pp-class-382 pa t50749 l50760 ls1323">333m </span><span class="pp-class-382 pa t50749 l44628 ls1701">(undiscounted) </span><span class="pp-class-382 pa t50749 l50761 ls185">have </span><span class="pp-class-382 pa t50749 l50762 ls830">not </span><span class="pp-class-382 pa t50749 l50763 ls1323">been </span><span class="pp-class-382 pa t50749 l50764 ls1077">included </span><span class="pp-class-382 pa t50765 l3 ls1080">in </span><span class="pp-class-382 pa t50765 l29590 ls858">the </span><span class="pp-class-382 pa t50765 l50766 ls1759">lease </span><span class="pp-class-382 pa t50765 l50767 ls2459">liability, </span><span class="pp-class-382 pa t50765 l13640 ls3474">because </span><span class="pp-class-382 pa t50765 l50768 ls1080">it </span><span class="pp-class-382 pa t50765 l50769 ls1080">is </span><span class="pp-class-382 pa t50765 l50770 ls830">not </span><span class="pp-class-382 pa t50765 l50771 ls2401">reasonably </span><span class="pp-class-382 pa t50765 l50772 ls99">certain </span><span class="pp-class-382 pa t50765 l50773 ls6360">that </span><span class="pp-class-382 pa t50765 l50774 ls1099">the </span><span class="pp-class-382 pa t50765 l50775 ls2486">leases </span><span class="pp-class-382 pa t50765 l50776 ls1323">will </span><span class="pp-class-382 pa t50765 l50777 ls1080">be </span><span class="pp-class-382 pa t50765 l50778 ls1083">extended </span><span class="pp-class-382 pa t50765 l44988 ls2848">(or </span><span class="pp-class-382 pa t50765 l50779 ls830">not </span><span class="pp-class-382 pa t50765 l50780 ls688">terminated) </span><span class="pp-class-382 pa t50781 l3 ls2486">(2023: </span><span class="pp-class-382 pa t50781 l50782 ls1099">DKK </span><span class="pp-class-382 pa t50781 l4225 ls1323">333m)</span></p></div></div><div id="pp-id-5112" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls4299">Restated </span><span class="pp-class-376 pa t3433 l9566 ls3278">for </span><span class="pp-class-376 pa t3433 l42580 ls1237">changes </span><span class="pp-class-376 pa t3433 l42581 ls278">in </span><span class="pp-class-376 pa t3439 l3 ls53">accounting </span><span class="pp-class-376 pa t3439 l11953 ls2949">policy, </span><span class="pp-class-376 pa t3439 l42582 ls4305">refer </span><span class="pp-class-376 pa t3445 l3 ls1759">to </span><span class="pp-class-376 pa t3445 l29588 ls1859">note </span><span class="pp-class-376 pa t3445 l42583 ls858">1.2.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3451 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3453 l3 ls43">Relates </span><span class="pp-class-376 pa t3453 l41193 ls166">to </span><span class="pp-class-376 pa t3453 l50309 ls144">divestment </span><span class="pp-class-376 pa t3457 l3 ls287">of </span><span class="pp-class-376 pa t3457 l16702 ls907">terminals </span><span class="pp-class-376 pa t3457 l30645">and </span><span class="pp-class-376 pa t3463 l3 ls2220">offices </span><span class="pp-class-376 pa t3463 l30315">as </span><span class="pp-class-376 pa t3463 l50310 ls2570">part </span><span class="pp-class-376 pa t3463 l20227 ls287">of </span><span class="pp-class-376 pa t4229 l3">Oslo </span><span class="pp-class-376 pa t4229 l50311">- </span><span class="pp-class-376 pa t4229 l50312 ls203">Frederikshavn </span><span class="pp-class-376 pa t4229 l50313">- </span><span class="pp-class-376 pa t4234 l3 ls970">Copenhagen </span><span class="pp-class-376 pa t4234 l49601 ls34">route</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3479 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3484 l3 ls1323 wtro3159 wtr1293 tro3160 tr1294">Relates </span><span class="pp-class-376 pa t3484 l50783 ls2835 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-376 pa t3484 l50784 ls78 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-376 pa t3484 l50785 ls16 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-376 pa t3488 l3 ls658 wtro3159 wtr1293 tro3160 tr1294">liability </span><span class="pp-class-376 pa t3488 l50786 ls110 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-376 pa t3488 l50787 ls124 wtro3159 wtr1293 tro3160 tr1294">DKK </span><span class="pp-class-376 pa t3488 l50788 ls9827 wtro3159 wtr1293 tro3160 tr1294">117m </span><span class="pp-class-376 pa t3494 l3 ls302 wtro3159 wtr1293 tro3160 tr1294">which </span><span class="pp-class-376 pa t3494 l50789 ls182 wtro3159 wtr1293 tro3160 tr1294">has </span><span class="pp-class-376 pa t3494 l50790 ls68 wtro3159 wtr1293 tro3160 tr1294">been </span><span class="pp-class-376 pa t3494 l50791 ls1123 wtro3159 wtr1293 tro3160 tr1294">settled </span><span class="pp-class-376 pa t4257 l3 ls182 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-376 pa t4257 l50792 ls1065 wtro3159 wtr1293 tro3160 tr1294">offset </span><span class="pp-class-376 pa t4257 l8765 ls85 wtro3159 wtr1293 tro3160 tr1294">against </span><span class="pp-class-376 pa t4257 l50793 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-376 pa t4262 l3 ls728 wtro3159 wtr1293 tro3160 tr1294">trade </span><span class="pp-class-376 pa t4262 l39261 ls3278 wtro3159 wtr1293 tro3160 tr1294">receivable.</span></p></div></div><div id="pp-id-5194" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h50795 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1244">3.1.3 </span><span class="pp-class-370 pa t21055 l43638 ls1955">Right-of-use </span><span class="pp-class-370 pa t21055 l50051 ls842">assets </span><span class="pp-class-370 pa t21055 l39231">and </span><span class="pp-class-370 pa t21055 l50052 ls166">lease </span><span class="pp-class-370 pa t21055 l50053">liabilities </span><span class="pp-class-371 pa t21055 l50329 ls155">(continued)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t50796 l3 ls2842">Group </span><span class="pp-class-383 pa t50796 l50797 ls1080">as </span><span class="pp-class-383 pa t50796 l50798 ls302">a </span><span class="pp-class-383 pa t50796 l50799 ls1319">lessor</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t50800 l3 ls1083">Future </span><span class="pp-class-382 pa t50800 l16507 ls1237">minimum </span><span class="pp-class-382 pa t50800 l43867 ls828">receivable </span><span class="pp-class-382 pa t50800 l43484 ls1759">under </span><span class="pp-class-382 pa t50800 l50801 ls1237">non-cancellable </span><span class="pp-class-382 pa t50800 l50802 ls2760">operating </span><span class="pp-class-382 pa t50800 l50803 ls2486">leases </span><span class="pp-class-382 pa t50800 l50804 ls1080">as </span><span class="pp-class-382 pa t50800 l50805 ls1083">at </span><span class="pp-class-382 pa t50800 l50806 ls1080">31 </span><span class="pp-class-382 pa t50800 l50807 ls2694">December </span><span class="pp-class-382 pa t50800 l50808 ls800">are </span><span class="pp-class-382 pa t50800 l50809 ls1080">as </span><span class="pp-class-382 pa t50800 l50810 ls1463">follows:</span></p><table><tr><td colspan="3" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50811 l3 ls134">Operating </span><span class="pp-class-373 pa t50811 l42338 ls175">lease </span><span class="pp-class-373 pa t50811 l221 ls2329">commitments </span><span class="pp-class-373 pa t50811 l31484 ls813">(lessor)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50812 l3">DKK </span><span class="pp-class-372 pa t50812 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50812 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50812 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50813 l3">Minimum </span><span class="pp-class-373 pa t50813 l34286 ls175">lease </span><span class="pp-class-373 pa t50813 l50814 ls134">payments </span><span class="pp-class-373 pa t50813 l50815 ls502">(income)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50816 l3 ls982">Ferries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50817 l3">Within </span><span class="pp-class-372 pa t50817 l50395">1 </span><span class="pp-class-372 pa t50817 l31017 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50817 l50818">264</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50817 l50819">312</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50820 l3 ls4652">1-3 </span><span class="pp-class-372 pa t50820 l50399 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50820 l50821 ls1055">177</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t50820 l46721">442</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50822 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50822 l50215">442</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t50822 l50823 ls728">754</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t50824 l3 ls24">The </span><span class="pp-class-382 pa t50824 l50825 ls2033">specified </span><span class="pp-class-382 pa t50824 l50826 ls5574">minimum </span><span class="pp-class-382 pa t50824 l2996 ls2029">payments </span><span class="pp-class-382 pa t50824 l17570 ls907">are </span><span class="pp-class-382 pa t50824 l50827 ls5493">not </span><span class="pp-class-382 pa t50824 l50828 ls6354">discounted. </span><span class="pp-class-382 pa t50824 l50829 ls8108">Operating </span><span class="pp-class-382 pa t50824 l50830 ls6354">lease </span><span class="pp-class-382 pa t50824 l50831 ls24">and </span><span class="pp-class-382 pa t50824 l50832 ls324">rental </span><span class="pp-class-382 pa t50824 l50833 ls2045">income </span><span class="pp-class-382 pa t50824 l50834 ls4988">recognised </span><span class="pp-class-382 pa t50824 l43171 ls2599">in </span><span class="pp-class-382 pa t50835 l3 ls24">the </span><span class="pp-class-382 pa t50835 l17212 ls2045">income </span><span class="pp-class-382 pa t50835 l765 ls5493">statement </span><span class="pp-class-382 pa t50835 l10885 ls1571">amount </span><span class="pp-class-382 pa t50835 l50836 ls4528">to </span><span class="pp-class-382 pa t50835 l50837 ls24">DKK </span><span class="pp-class-382 pa t50835 l50838 ls7694">476m </span><span class="pp-class-382 pa t50835 l50839 ls2043">in </span><span class="pp-class-382 pa t50835 l50840 ls4553">2024 </span><span class="pp-class-382 pa t50835 l50841 ls2045">(2023: </span><span class="pp-class-382 pa t50835 l50842 ls24">DKK </span><span class="pp-class-382 pa t50835 l50843 ls2045">405m). </span><span class="pp-class-382 pa t50835 l50844 ls24">The </span><span class="pp-class-382 pa t50835 l50845 ls2570">contracts </span><span class="pp-class-382 pa t50835 l50846 ls907">are </span><span class="pp-class-382 pa t50835 l50847 ls1830">entered </span><span class="pp-class-382 pa t50835 l50848 ls2624">into </span><span class="pp-class-382 pa t50835 l50849 ls2599">on </span><span class="pp-class-382 pa t50850 l3 ls2045">normal </span><span class="pp-class-382 pa t50850 l50851 ls15294">conditions. </span><span class="pp-class-382 pa t50850 l50852 ls10900">At </span><span class="pp-class-382 pa t50850 l50853 ls1271">inception </span><span class="pp-class-382 pa t50850 l8607 ls103">of </span><span class="pp-class-382 pa t50850 l37993 ls1772">each </span><span class="pp-class-382 pa t50850 l48880 ls819">individual </span><span class="pp-class-382 pa t50850 l50854 ls1150">agreement, </span><span class="pp-class-382 pa t50850 l29953 ls53">Management </span><span class="pp-class-382 pa t50850 l50855 ls2694">assesses </span><span class="pp-class-382 pa t50850 l50856 ls1099">and </span><span class="pp-class-382 pa t50850 l50857 ls1319">determines </span><span class="pp-class-382 pa t50858 l3 ls3474">whether </span><span class="pp-class-382 pa t50858 l50859 ls858">the </span><span class="pp-class-382 pa t50858 l50860 ls1316">agreement </span><span class="pp-class-382 pa t50858 l50861 ls1080">is </span><span class="pp-class-382 pa t50858 l50862 ls302">a </span><span class="pp-class-382 pa t50858 l50863 ls1237">finance </span><span class="pp-class-382 pa t50858 l45197 ls1080">or </span><span class="pp-class-382 pa t50858 l50864 ls1080">an </span><span class="pp-class-382 pa t50858 l50865 ls2760">operating </span><span class="pp-class-382 pa t50858 l50866 ls1237">leasing </span><span class="pp-class-382 pa t50858 l50867 ls1868">agreement.</span></p><div id="pp-id-5193"><div class="pp-class-364 pp-class-395" id="pp-id-5192"><div class="w37231 h49486 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-387 pa t48448 l3">!</span><span class="pp-class-386 pa t48449 l49487"/><span class="pp-class-386 pa t48449 l49488 ls878" xmlns="http://www.w3.org/1999/xhtml">Significant </span><span class="pp-class-386 pa t48449 l49489 ls193" xmlns="http://www.w3.org/1999/xhtml">accounting </span><span class="pp-class-386 pa t48449 l49490 ls241" xmlns="http://www.w3.org/1999/xhtml">estimates </span><span class="pp-class-386 pa t48449 l50868" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-386 pa t48449 l50869 ls287" xmlns="http://www.w3.org/1999/xhtml">judgements</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49491 l3 ls1073">Extension </span><span class="pp-class-383 pa t49491 l50870 ls1073">options</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49495 l3 ls858">The </span><span class="pp-class-382 pa t49495 l16631 ls2784">Group </span><span class="pp-class-382 pa t49495 l4002 ls858">has </span><span class="pp-class-382 pa t49495 l44886 ls4305">entered </span><span class="pp-class-382 pa t49495 l34354 ls3474">into </span><span class="pp-class-382 pa t49495 l50871 ls1759">lease </span><span class="pp-class-382 pa t49495 l50872 ls6007">agreements </span><span class="pp-class-382 pa t49495 l50873 ls3278">for </span><span class="pp-class-382 pa t49495 l50874 ls2489">ferries </span><span class="pp-class-382 pa t49495 l50875 ls1323">with </span><span class="pp-class-382 pa t49495 l50876 ls2127">extension </span><span class="pp-class-382 pa t49495 l50877 ls1271">options. </span><span class="pp-class-382 pa t49495 l41574 ls806">Management </span><span class="pp-class-382 pa t49510 l3 ls2848">exercises </span><span class="pp-class-382 pa t49510 l15721 ls806">significant </span><span class="pp-class-382 pa t49510 l50878 ls1319">judgement </span><span class="pp-class-382 pa t49510 l50879 ls1080">in </span><span class="pp-class-382 pa t49510 l50880 ls2489">determining </span><span class="pp-class-382 pa t49510 l50881 ls3474">whether </span><span class="pp-class-382 pa t49510 l50882 ls1759">these </span><span class="pp-class-382 pa t49510 l50883 ls2127">extension </span><span class="pp-class-382 pa t49510 l50884 ls3474">options </span><span class="pp-class-382 pa t49510 l50885 ls800">are </span><span class="pp-class-382 pa t49510 l50886 ls2531">reasonably </span><span class="pp-class-382 pa t49525 l3 ls99">certain </span><span class="pp-class-382 pa t49525 l49967 ls1759">to </span><span class="pp-class-382 pa t49525 l50887 ls1080">be </span><span class="pp-class-382 pa t49525 l50888 ls2848">exercised </span><span class="pp-class-382 pa t49525 l50889 ls1323">and, </span><span class="pp-class-382 pa t49525 l50890 ls1080">in </span><span class="pp-class-382 pa t49525 l36444 ls6360">that </span><span class="pp-class-382 pa t49525 l50891 ls4275">connection, </span><span class="pp-class-382 pa t49525 l50892 ls1073">considers </span><span class="pp-class-382 pa t49525 l50893 ls858">all </span><span class="pp-class-382 pa t49525 l19110 ls2132">relevant </span><span class="pp-class-382 pa t49525 l50894 ls2787">factors </span><span class="pp-class-382 pa t49525 l50895 ls6360">that </span><span class="pp-class-382 pa t49525 l43033 ls1864">create </span><span class="pp-class-382 pa t49525 l50896 ls278">an </span><span class="pp-class-382 pa t49535 l3 ls2694">economic </span><span class="pp-class-382 pa t49535 l50897 ls858">and </span><span class="pp-class-382 pa t49535 l50898 ls3377">strategic </span><span class="pp-class-382 pa t49535 l50899 ls803">incentive </span><span class="pp-class-382 pa t49535 l44309 ls3278">for </span><span class="pp-class-382 pa t49535 l50900 ls1080">it </span><span class="pp-class-382 pa t49535 l44879 ls1759">to </span><span class="pp-class-382 pa t49535 l50901 ls19370">exercise </span><span class="pp-class-382 pa t49535 l50902 ls858">the </span><span class="pp-class-382 pa t49535 l50903 ls2127">extension </span><span class="pp-class-382 pa t49535 l50904 ls238">option.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49539 l3 ls53">Management </span><span class="pp-class-382 pa t49539 l3968 ls858">has </span><span class="pp-class-382 pa t49539 l49944 ls1323">also </span><span class="pp-class-382 pa t49539 l49945 ls2970">considered </span><span class="pp-class-382 pa t49539 l49946 ls858">the </span><span class="pp-class-382 pa t49539 l49947 ls728">impact </span><span class="pp-class-382 pa t49539 l49948 ls103">of </span><span class="pp-class-382 pa t49539 l49949 ls2842">decarbonisation </span><span class="pp-class-382 pa t49539 l49950 ls1099">and </span><span class="pp-class-382 pa t49539 l49951 ls1150">climate-related </span><span class="pp-class-382 pa t49539 l49952 ls2970">risks </span><span class="pp-class-382 pa t49539 l49953 ls278">on </span><span class="pp-class-382 pa t49552 l3 ls1073">assessing </span><span class="pp-class-382 pa t49552 l50905 ls858">the </span><span class="pp-class-382 pa t49552 l50906 ls728">likelihood </span><span class="pp-class-382 pa t49552 l50907 ls103">of </span><span class="pp-class-382 pa t49552 l50908 ls2127">extending </span><span class="pp-class-382 pa t49552 l50909 ls1759">lease </span><span class="pp-class-382 pa t49552 l50910 ls852">agreements. </span><span class="pp-class-382 pa t49552 l50911 ls1323">Such </span><span class="pp-class-382 pa t49552 l50912 ls2970">risks </span><span class="pp-class-382 pa t49552 l50913 ls296">include </span><span class="pp-class-382 pa t49552 l50914 ls1150">new </span><span class="pp-class-382 pa t49552 l50915 ls6360">climate-related </span><span class="pp-class-382 pa t49566 l3 ls688">legislation </span><span class="pp-class-382 pa t49566 l37271 ls4299">restricting </span><span class="pp-class-382 pa t49566 l50916 ls858">the </span><span class="pp-class-382 pa t49566 l18601 ls858">use </span><span class="pp-class-382 pa t49566 l50917 ls103">of </span><span class="pp-class-382 pa t49566 l50918 ls99">certain </span><span class="pp-class-382 pa t49566 l31346 ls238">assets </span><span class="pp-class-382 pa t49566 l50919 ls1099">and </span><span class="pp-class-382 pa t49566 l50920 ls1150">new </span><span class="pp-class-382 pa t49566 l50026 ls238">technology </span><span class="pp-class-382 pa t49566 l50921 ls2694">demanded </span><span class="pp-class-382 pa t49566 l50922 ls2784">by </span><span class="pp-class-382 pa t49566 l50923 ls6360">climate-related </span><span class="pp-class-382 pa t49577 l3 ls688">legislation.</span></p></div></div></div></div></div><div class="pp-class-363 pp-class-395" id="pp-id-5195" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h50924 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30083 l3 ls2842">Group </span><span class="pp-class-383 pa t30083 l50797 ls1080">as </span><span class="pp-class-383 pa t30083 l50798 ls296">lessee </span><span class="pp-class-383 pa t30083 l50925 ls296">(lease </span><span class="pp-class-383 pa t30083 l43760 ls1080">in)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30087 l3 ls1099 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t30087 l4189 ls1316 wtro3159 wtr1293 tro3160 tr1294">right-of-use </span><span class="pp-class-382 pa t30087 l50926 ls296 wtro3159 wtr1293 tro3160 tr1294">asset </span><span class="pp-class-382 pa t30087 l50927 ls858 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t30087 l50928 ls2889 wtro3159 wtr1293 tro3160 tr1294">corresponding </span><span class="pp-class-382 pa t30087 l50929 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30087 l50930 ls1073 wtro3159 wtr1293 tro3160 tr1294">liability </span><span class="pp-class-382 pa t30087 l50931 ls1080 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t30087 l50932 ls2970 wtro3159 wtr1293 tro3160 tr1294">recognised </span><span class="pp-class-382 pa t30087 l50933 ls1083 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t30087 l50934 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30087 l50935 ls296 wtro3159 wtr1293 tro3160 tr1294">commencement </span><span class="pp-class-382 pa t30087 l50936 ls2688 wtro3159 wtr1293 tro3160 tr1294">date, </span><span class="pp-class-382 pa t30087 l50937 ls3474 wtro3159 wtr1293 tro3160 tr1294">i.e. </span><span class="pp-class-382 pa t30093 l3 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30093 l50938 ls852 wtro3159 wtr1293 tro3160 tr1294">date </span><span class="pp-class-382 pa t30093 l24223 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30093 l50939 ls1083 wtro3159 wtr1293 tro3160 tr1294">underlying </span><span class="pp-class-382 pa t30093 l50940 ls296 wtro3159 wtr1293 tro3160 tr1294">asset </span><span class="pp-class-382 pa t30093 l50941 ls1080 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t30093 l50942 ls646 wtro3159 wtr1293 tro3160 tr1294">ready </span><span class="pp-class-382 pa t30093 l50943 ls3278 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t30093 l50944 ls4275 wtro3159 wtr1293 tro3160 tr1294">use. </span><span class="pp-class-382 pa t30093 l50945 ls1316 wtro3159 wtr1293 tro3160 tr1294">Right-of-use </span><span class="pp-class-382 pa t30093 l50946 ls238 wtro3159 wtr1293 tro3160 tr1294">assets </span><span class="pp-class-382 pa t30093 l50947 ls800 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t30093 l50948 ls8853 wtro3159 wtr1293 tro3160 tr1294">measured </span><span class="pp-class-382 pa t30093 l50949 ls1083 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t30093 l50950 ls1323 wtro3159 wtr1293 tro3160 tr1294">cost </span><span class="pp-class-382 pa t30093 l50951 ls2842 wtro3159 wtr1293 tro3160 tr1294">corresponding </span><span class="pp-class-382 pa t30098 l3 ls1759 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t30098 l50952 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30098 l50953 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30098 l50954 ls1073 wtro3159 wtr1293 tro3160 tr1294">liability </span><span class="pp-class-382 pa t30098 l50955 ls2142 wtro3159 wtr1293 tro3160 tr1294">recognised, </span><span class="pp-class-382 pa t30098 l50956 ls2113 wtro3159 wtr1293 tro3160 tr1294">adjusted </span><span class="pp-class-382 pa t30098 l50957 ls3278 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t30098 l50958 ls3278 wtro3159 wtr1293 tro3160 tr1294">any </span><span class="pp-class-382 pa t30098 l36275 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30098 l50959 ls2760 wtro3159 wtr1293 tro3160 tr1294">prepayments </span><span class="pp-class-382 pa t30098 l50960 ls3474 wtro3159 wtr1293 tro3160 tr1294">including </span><span class="pp-class-382 pa t30098 l50961 ls806 wtro3159 wtr1293 tro3160 tr1294">dismantling </span><span class="pp-class-382 pa t30098 l50962 ls302 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t30105 l3 ls2459 wtro3159 wtr1293 tro3160 tr1294">restoration </span><span class="pp-class-382 pa t30105 l50963 ls2486 wtro3159 wtr1293 tro3160 tr1294">costs. </span><span class="pp-class-382 pa t30105 l50964 ls858 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t30105 l50965 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30105 l50966 ls1118 wtro3159 wtr1293 tro3160 tr1294">liabilities </span><span class="pp-class-382 pa t30105 l50967 ls800 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t30105 l50968 ls8853 wtro3159 wtr1293 tro3160 tr1294">measured </span><span class="pp-class-382 pa t30105 l50969 ls1083 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t30105 l50970 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30105 l50971 ls852 wtro3159 wtr1293 tro3160 tr1294">present </span><span class="pp-class-382 pa t30105 l50972 ls1083 wtro3159 wtr1293 tro3160 tr1294">value </span><span class="pp-class-382 pa t30105 l50973 ls103 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t30105 l50974 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30105 l50975 ls5069 wtro3159 wtr1293 tro3160 tr1294">payments </span><span class="pp-class-382 pa t30105 l50976 ls1759 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t30105 l50977 ls1080 wtro3159 wtr1293 tro3160 tr1294">be </span><span class="pp-class-382 pa t30105 l25971 ls1323 wtro3159 wtr1293 tro3160 tr1294">made </span><span class="pp-class-382 pa t30110 l3 ls2671 wtro3159 wtr1293 tro3160 tr1294">over </span><span class="pp-class-382 pa t30110 l50978 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30110 l50979 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30110 l50980 ls1118 wtro3159 wtr1293 tro3160 tr1294">term. </span><span class="pp-class-382 pa t30110 l50981 ls1099 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t30110 l50982 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30110 l15525 ls5069 wtro3159 wtr1293 tro3160 tr1294">payments </span><span class="pp-class-382 pa t30110 l50983 ls800 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t30110 l50984 ls1701 wtro3159 wtr1293 tro3160 tr1294">discounted </span><span class="pp-class-382 pa t30110 l50985 ls1759 wtro3159 wtr1293 tro3160 tr1294">using </span><span class="pp-class-382 pa t30110 l50986 ls1759 wtro3159 wtr1293 tro3160 tr1294">DFDS’ </span><span class="pp-class-382 pa t30110 l50987 ls1150 wtro3159 wtr1293 tro3160 tr1294">incremental </span><span class="pp-class-382 pa t30110 l50988 ls1463 wtro3159 wtr1293 tro3160 tr1294">borrowing </span><span class="pp-class-382 pa t30110 l50989 ls26 wtro3159 wtr1293 tro3160 tr1294">rate. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37930 l3 ls3623">Depreciation </span><span class="pp-class-382 pa t37930 l50990 ls1463">follows </span><span class="pp-class-382 pa t37930 l50991 ls858">the </span><span class="pp-class-382 pa t37930 l50992 ls1316">straight-line </span><span class="pp-class-382 pa t37930 l50993 ls238">method </span><span class="pp-class-382 pa t37930 l50994 ls2671">over </span><span class="pp-class-382 pa t37930 l39073 ls858">the </span><span class="pp-class-382 pa t37930 l50995 ls1759">lease </span><span class="pp-class-382 pa t37930 l50996 ls1073">term </span><span class="pp-class-382 pa t37930 l50997 ls1080">or </span><span class="pp-class-382 pa t37930 l50998 ls858">the </span><span class="pp-class-382 pa t37930 l50999 ls1941">useful </span><span class="pp-class-382 pa t37930 l51000 ls3278">life </span><span class="pp-class-382 pa t37930 l51001 ls103">of </span><span class="pp-class-382 pa t37930 l51002 ls1099">the </span><span class="pp-class-382 pa t37930 l51003 ls1148">right-of-use </span><span class="pp-class-382 pa t37942 l3 ls3474">assets, </span><span class="pp-class-382 pa t37942 l51004 ls6007">whichever </span><span class="pp-class-382 pa t37942 l13874 ls1080">is </span><span class="pp-class-382 pa t37942 l51005 ls1099">shortest. </span><span class="pp-class-382 pa t37942 l51006 ls7736">However, </span><span class="pp-class-382 pa t37942 l51007 ls3278">for </span><span class="pp-class-382 pa t37942 l51008 ls858">one </span><span class="pp-class-382 pa t37942 l51009 ls296">terminal </span><span class="pp-class-382 pa t37942 l51010 ls858">the </span><span class="pp-class-382 pa t37942 l51011 ls3623">depreciation </span><span class="pp-class-382 pa t37942 l51012 ls1080">is </span><span class="pp-class-382 pa t37942 l51013 ls1759">based </span><span class="pp-class-382 pa t37942 l51014 ls1080">on </span><span class="pp-class-382 pa t37942 l51015 ls2842">volumes </span><span class="pp-class-382 pa t49646 l3 ls1237">handled </span><span class="pp-class-382 pa t49646 l34494 ls1080">in </span><span class="pp-class-382 pa t49646 l51016 ls858">the </span><span class="pp-class-382 pa t49646 l51017 ls296">terminal.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37948 l3 ls1264">The </span><span class="pp-class-382 pa t37948 l34050 ls166">lease </span><span class="pp-class-382 pa t37948 l37889 ls124">payments </span><span class="pp-class-382 pa t37948 l51018 ls332">include </span><span class="pp-class-382 pa t37948 l22712 ls1955">fixed </span><span class="pp-class-382 pa t37948 l40070 ls124">payments </span><span class="pp-class-382 pa t37948 l51019 ls258">less </span><span class="pp-class-382 pa t37948 l51020 ls180">any </span><span class="pp-class-382 pa t37948 l51021 ls166">lease </span><span class="pp-class-382 pa t37948 l51022 ls134">incentives </span><span class="pp-class-382 pa t37948 l51023 ls214">receivable </span><span class="pp-class-382 pa t37948 l51024 ls704">and </span><span class="pp-class-382 pa t37948 l51025 ls884">variable </span><span class="pp-class-382 pa t37948 l43997 ls193">lease </span><span class="pp-class-382 pa t37961 l3 ls124">payments </span><span class="pp-class-382 pa t37961 l51026 ls302">that </span><span class="pp-class-382 pa t37961 l34319 ls166">depend </span><span class="pp-class-382 pa t37961 l51027 ls193">on </span><span class="pp-class-382 pa t37961 l51028 ls193">an </span><span class="pp-class-382 pa t37961 l51029 ls1955">index </span><span class="pp-class-382 pa t37961 l51030 ls193">or </span><span class="pp-class-382 pa t37961 l51031 ls175">a </span><span class="pp-class-382 pa t37961 l21960 ls2889">rate. </span><span class="pp-class-382 pa t37961 l51032 ls193">If </span><span class="pp-class-382 pa t37961 l51033 ls704">the </span><span class="pp-class-382 pa t37961 l37613 ls3566">contract </span><span class="pp-class-382 pa t37961 l51034 ls166">holds </span><span class="pp-class-382 pa t37961 l51035 ls193">an </span><span class="pp-class-382 pa t37961 l51036 ls254">option </span><span class="pp-class-382 pa t37961 l51037 ls78">to </span><span class="pp-class-382 pa t37961 l51038 ls2482">purchase, </span><span class="pp-class-382 pa t37961 l51039 ls155">extend </span><span class="pp-class-382 pa t37961 l51040 ls842">or </span><span class="pp-class-382 pa t37974 l3 ls124">terminate </span><span class="pp-class-382 pa t37974 l51041 ls175">a </span><span class="pp-class-382 pa t37974 l31222 ls166">lease </span><span class="pp-class-382 pa t37974 l51042 ls704">and </span><span class="pp-class-382 pa t37974 l51043 ls193">it </span><span class="pp-class-382 pa t37974 l51044 ls193">is </span><span class="pp-class-382 pa t37974 l51045 ls1123">reasonably </span><span class="pp-class-382 pa t37974 l44825 ls813">certain </span><span class="pp-class-382 pa t37974 l51046 ls78">to </span><span class="pp-class-382 pa t37974 l16555 ls193">be </span><span class="pp-class-382 pa t37974 l51047 ls3474">exercised </span><span class="pp-class-382 pa t37974 l51048 ls1309">by </span><span class="pp-class-382 pa t37974 l51049 ls704">the </span><span class="pp-class-382 pa t37974 l51050 ls1080">Group, </span><span class="pp-class-382 pa t37974 l51051 ls1264">the </span><span class="pp-class-382 pa t37974 l51052 ls166">lease </span><span class="pp-class-382 pa t37974 l51053 ls150">liability </span><span class="pp-class-382 pa t37974 l51054 ls45">will </span><span class="pp-class-382 pa t49077 l3 ls332">include </span><span class="pp-class-382 pa t49077 l51055 ls78">those. </span><span class="pp-class-382 pa t49077 l51056 ls704">The </span><span class="pp-class-382 pa t49077 l51057 ls884">variable </span><span class="pp-class-382 pa t49077 l51058 ls166">lease </span><span class="pp-class-382 pa t49077 l23044 ls124">payments </span><span class="pp-class-382 pa t49077 l6045 ls302">that </span><span class="pp-class-382 pa t49077 l51059 ls193">do </span><span class="pp-class-382 pa t49077 l51060 ls671">not </span><span class="pp-class-382 pa t49077 l51061 ls166">depend </span><span class="pp-class-382 pa t49077 l51062 ls193">on </span><span class="pp-class-382 pa t49077 l51063 ls193">an </span><span class="pp-class-382 pa t49077 l51064 ls1955">index </span><span class="pp-class-382 pa t49077 l51065 ls193">or </span><span class="pp-class-382 pa t49077 l51066 ls175">a </span><span class="pp-class-382 pa t49077 l51067 ls3105">rate </span><span class="pp-class-382 pa t49077 l51068 ls1323">are </span><span class="pp-class-382 pa t49077 l51069 ls16">recognised </span><span class="pp-class-382 pa t37975 l3 ls193">as </span><span class="pp-class-382 pa t37975 l50046 ls203">expenses </span><span class="pp-class-382 pa t37975 l51070 ls193">in </span><span class="pp-class-382 pa t37975 l17237 ls704">the </span><span class="pp-class-382 pa t37975 l22711 ls166">period </span><span class="pp-class-382 pa t37975 l51071 ls193">on </span><span class="pp-class-382 pa t37975 l51072 ls166">which </span><span class="pp-class-382 pa t37975 l51073 ls704">the </span><span class="pp-class-382 pa t37975 l51074 ls869">event </span><span class="pp-class-382 pa t37975 l51075 ls193">or </span><span class="pp-class-382 pa t37975 l51076 ls150">condition </span><span class="pp-class-382 pa t37975 l51077 ls302">that </span><span class="pp-class-382 pa t37975 l51078 ls150">triggers </span><span class="pp-class-382 pa t37975 l51079 ls704">the </span><span class="pp-class-382 pa t37975 l51080 ls68">payment </span><span class="pp-class-382 pa t37975 l51081 ls704">occurs. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t36901 l3 ls858">The </span><span class="pp-class-382 pa t36901 l16631 ls2784">Group </span><span class="pp-class-382 pa t36901 l4002 ls1237">applies </span><span class="pp-class-382 pa t36901 l51082 ls858">the </span><span class="pp-class-382 pa t36901 l51083 ls1859">short-term </span><span class="pp-class-382 pa t36901 l51084 ls1759">lease </span><span class="pp-class-382 pa t36901 l37746 ls2142">recognition </span><span class="pp-class-382 pa t36901 l16506 ls3630">exemption </span><span class="pp-class-382 pa t36901 l51048 ls3278">for </span><span class="pp-class-382 pa t36901 l51085 ls1759">lease </span><span class="pp-class-382 pa t36901 l43941 ls7694">contracts </span><span class="pp-class-382 pa t36901 l20631 ls1772">that, </span><span class="pp-class-382 pa t36901 l51086 ls1083">at </span><span class="pp-class-382 pa t36901 l51087 ls302">the </span><span class="pp-class-382 pa t36903 l3 ls296">commencement </span><span class="pp-class-382 pa t36903 l51088 ls2688">date, </span><span class="pp-class-382 pa t36903 l51089 ls185">have </span><span class="pp-class-382 pa t36903 l51090 ls302">a </span><span class="pp-class-382 pa t36903 l51091 ls1759">lease </span><span class="pp-class-382 pa t36903 l51092 ls1073">term </span><span class="pp-class-382 pa t36903 l51093 ls103">of </span><span class="pp-class-382 pa t36903 l51094 ls1080">12 </span><span class="pp-class-382 pa t36903 l51095 ls1073">months </span><span class="pp-class-382 pa t36903 l51096 ls1080">or </span><span class="pp-class-382 pa t36903 l51097 ls1323">less </span><span class="pp-class-382 pa t36903 l51098 ls3278">for </span><span class="pp-class-382 pa t36903 l51099 ls1099">all </span><span class="pp-class-382 pa t36903 l51100 ls1237">classes </span><span class="pp-class-382 pa t36903 l51101 ls103">of </span><span class="pp-class-382 pa t36903 l51102 ls1083">underlying </span><span class="pp-class-382 pa t36903 l51103 ls869">assets </span><span class="pp-class-382 pa t36916 l3 ls3382">except </span><span class="pp-class-382 pa t36916 l51104 ls3278">for </span><span class="pp-class-382 pa t36916 l51105 ls296">terminals </span><span class="pp-class-382 pa t36916 l17478 ls858">and </span><span class="pp-class-382 pa t36916 l51106 ls2489">ferries </span><span class="pp-class-382 pa t36916 l51107 ls858">and </span><span class="pp-class-382 pa t36916 l51108 ls296">other </span><span class="pp-class-382 pa t36916 l51109 ls2486">ships, </span><span class="pp-class-382 pa t36916 l51110 ls1099">and </span><span class="pp-class-382 pa t36916 l51111 ls1099">the </span><span class="pp-class-382 pa t36916 l51112 ls3630">exemption </span><span class="pp-class-382 pa t36916 l51113 ls3278">for </span><span class="pp-class-382 pa t36916 l51114 ls1759">lease </span><span class="pp-class-382 pa t36916 l51115 ls7694">contracts </span><span class="pp-class-382 pa t36916 l31745 ls3278">for </span><span class="pp-class-382 pa t36916 l51116 ls1759">which </span><span class="pp-class-382 pa t36916 l51117 ls302">the </span><span class="pp-class-382 pa t36920 l3 ls1083">underlying </span><span class="pp-class-382 pa t36920 l28464 ls296">asset </span><span class="pp-class-382 pa t36920 l51118 ls1080">is </span><span class="pp-class-382 pa t36920 l51119 ls103">of </span><span class="pp-class-382 pa t36920 l51120 ls1150">low </span><span class="pp-class-382 pa t36920 l51121 ls2760">value. </span><span class="pp-class-382 pa t36920 l51122 ls1759">Lease </span><span class="pp-class-382 pa t36920 l51123 ls5069">payments </span><span class="pp-class-382 pa t36920 l51124 ls1080">on </span><span class="pp-class-382 pa t36920 l51125 ls1859">short-term </span><span class="pp-class-382 pa t36920 l51126 ls2486">leases </span><span class="pp-class-382 pa t36920 l51127 ls858">and </span><span class="pp-class-382 pa t36920 l51128 ls2486">leases </span><span class="pp-class-382 pa t36920 l43033 ls103">of </span><span class="pp-class-382 pa t36920 l51129 ls2145">low-value </span><span class="pp-class-382 pa t36920 l51130 ls869">assets </span><span class="pp-class-382 pa t36928 l3 ls800">are </span><span class="pp-class-382 pa t36928 l43707 ls2970">recognised </span><span class="pp-class-382 pa t36928 l51131 ls1080">as </span><span class="pp-class-382 pa t36928 l51132 ls8853">expenses </span><span class="pp-class-382 pa t36928 l51133 ls1080">on </span><span class="pp-class-382 pa t36928 l51134 ls302">a </span><span class="pp-class-382 pa t36928 l51135 ls1316">straight-line </span><span class="pp-class-382 pa t36928 l51136 ls1759">basis </span><span class="pp-class-382 pa t36928 l30966 ls2671">over </span><span class="pp-class-382 pa t36928 l51137 ls858">the </span><span class="pp-class-382 pa t36928 l51138 ls1759">lease </span><span class="pp-class-382 pa t36928 l51139 ls1118">term. </span><span class="pp-class-382 pa t36928 l51140 ls1772">For </span><span class="pp-class-382 pa t36928 l51141 ls858">all </span><span class="pp-class-382 pa t36928 l51142 ls1237">classes </span><span class="pp-class-382 pa t36928 l51143 ls103">of </span><span class="pp-class-382 pa t36928 l51144 ls187">assets, </span><span class="pp-class-382 pa t38016 l3 ls3382">except </span><span class="pp-class-382 pa t38016 l51104 ls3278">for </span><span class="pp-class-382 pa t38016 l51105 ls238">terminals, </span><span class="pp-class-382 pa t38016 l51145 ls1323">non-lease </span><span class="pp-class-382 pa t38016 l51146 ls806">components, </span><span class="pp-class-382 pa t38016 l51147 ls2142">i.e., </span><span class="pp-class-382 pa t38016 l50874 ls1099">the </span><span class="pp-class-382 pa t38016 l51148 ls3572">service </span><span class="pp-class-382 pa t38016 l51149 ls1077">element, </span><span class="pp-class-382 pa t38016 l51150 ls1080">is </span><span class="pp-class-382 pa t38016 l50725 ls830">not </span><span class="pp-class-382 pa t38016 l51151 ls3377">separated </span><span class="pp-class-382 pa t38016 l51152 ls1243">from </span><span class="pp-class-382 pa t38016 l51153 ls302">the </span><span class="pp-class-382 pa t49235 l3 ls1759">lease </span><span class="pp-class-382 pa t49235 l51154 ls806">components </span><span class="pp-class-382 pa t49235 l45792 ls1099">and </span><span class="pp-class-382 pa t49235 l51155 ls2145">thereby </span><span class="pp-class-382 pa t49235 l51156 ls3278">form </span><span class="pp-class-382 pa t49235 l51157 ls658">part </span><span class="pp-class-382 pa t49235 l51158 ls103">of </span><span class="pp-class-382 pa t49235 l51159 ls1099">the </span><span class="pp-class-382 pa t49235 l51160 ls1316">right-of-use </span><span class="pp-class-382 pa t49235 l51161 ls296">asset </span><span class="pp-class-382 pa t49235 l51162 ls858">and </span><span class="pp-class-382 pa t49235 l51163 ls1759">lease </span><span class="pp-class-382 pa t49235 l51164 ls1073">liability </span><span class="pp-class-382 pa t49235 l51165 ls2970">recognised </span><span class="pp-class-382 pa t49235 l51166 ls278">in </span><span class="pp-class-382 pa t38021 l3 ls858">the </span><span class="pp-class-382 pa t38021 l43824 ls1237">balance </span><span class="pp-class-382 pa t38021 l51167 ls1759">sheet.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t38039 l3 ls1772">For </span><span class="pp-class-382 pa t38039 l44017 ls7694">contracts </span><span class="pp-class-382 pa t38039 l51168 ls1323">with </span><span class="pp-class-382 pa t38039 l51169 ls302">a </span><span class="pp-class-382 pa t38039 l51170 ls1150">rolling </span><span class="pp-class-382 pa t38039 l51171 ls1073">term </span><span class="pp-class-382 pa t38039 l37683 ls16981">(evergreen </span><span class="pp-class-382 pa t38039 l51172 ls1818">leases), </span><span class="pp-class-382 pa t38039 l51173 ls1099">the </span><span class="pp-class-382 pa t38039 l51174 ls53">Management </span><span class="pp-class-382 pa t38039 l51175 ls2848">exercises </span><span class="pp-class-382 pa t38039 l51176 ls1319">judgement </span><span class="pp-class-382 pa t38039 l51177 ls278">in </span><span class="pp-class-382 pa t49735 l3 ls2489">determining </span><span class="pp-class-382 pa t49735 l51178 ls1941">useful </span><span class="pp-class-382 pa t49735 l51179 ls2088">lifetime </span><span class="pp-class-382 pa t49735 l51180 ls103">of </span><span class="pp-class-382 pa t49735 l17618 ls858">the </span><span class="pp-class-382 pa t49735 l51181 ls1083">underlying </span><span class="pp-class-382 pa t49735 l51182 ls1316">right-of-use </span><span class="pp-class-382 pa t49735 l51183 ls1759">asset.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49765 l3 ls1080">As </span><span class="pp-class-382 pa t49765 l50750 ls1243">from </span><span class="pp-class-382 pa t49765 l51184 ls302">1 </span><span class="pp-class-382 pa t49765 l51185 ls3572">January </span><span class="pp-class-382 pa t49765 l30704 ls1150">2024 </span><span class="pp-class-382 pa t49765 l51186 ls858">the </span><span class="pp-class-382 pa t49765 l51187 ls2784">Group </span><span class="pp-class-382 pa t49765 l51188 ls1323">will </span><span class="pp-class-382 pa t49765 l51189 ls2486">change </span><span class="pp-class-382 pa t49765 l51190 ls858">its </span><span class="pp-class-382 pa t49765 l41676 ls53">accounting </span><span class="pp-class-382 pa t49765 l51191 ls2694">policies </span><span class="pp-class-382 pa t49765 l51192 ls2145">regarding </span><span class="pp-class-382 pa t49765 l51193 ls1859">short-term </span><span class="pp-class-382 pa t49765 l51194 ls2486">leases </span><span class="pp-class-382 pa t49765 l51195 ls99">for </span><span class="pp-class-382 pa t51196 l3 ls2489">ferries </span><span class="pp-class-382 pa t51196 l49766 ls858">and </span><span class="pp-class-382 pa t51196 l46034 ls296">other </span><span class="pp-class-382 pa t51196 l3016 ls1759">ships </span><span class="pp-class-382 pa t51196 l51197 ls1080">as </span><span class="pp-class-382 pa t51196 l51198 ls960">well </span><span class="pp-class-382 pa t51196 l40533 ls1080">as </span><span class="pp-class-382 pa t51196 l44977 ls53">accounting </span><span class="pp-class-382 pa t51196 l51199 ls7694">treatment </span><span class="pp-class-382 pa t51196 l44265 ls103">of </span><span class="pp-class-382 pa t51196 l51200 ls858">the </span><span class="pp-class-382 pa t51196 l51201 ls1323">non-lease </span><span class="pp-class-382 pa t51196 l51202 ls806">components. </span><span class="pp-class-382 pa t51196 l51203 ls2486">Please </span><span class="pp-class-382 pa t51196 l51204 ls3435">refer </span><span class="pp-class-382 pa t51196 l51205 ls302">to </span><span class="pp-class-382 pa t49777 l3 ls3474">section </span><span class="pp-class-382 pa t49777 l50748 ls858">1.2 </span><span class="pp-class-382 pa t49777 l51206 ls960">"New </span><span class="pp-class-382 pa t49777 l43023 ls53">accounting </span><span class="pp-class-382 pa t49777 l34285 ls2694">policies </span><span class="pp-class-382 pa t49777 l51207 ls858">and </span><span class="pp-class-382 pa t49777 l51208 ls3105">disclosures".</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t49808 l3 ls2842">Group </span><span class="pp-class-383 pa t49808 l50797 ls1080">as </span><span class="pp-class-383 pa t49808 l50798 ls296">lessor </span><span class="pp-class-383 pa t49808 l51209 ls296">(lease </span><span class="pp-class-383 pa t49808 l51210 ls858">out)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49823 l3 ls1772">For </span><span class="pp-class-382 pa t49823 l44017 ls53">accounting </span><span class="pp-class-382 pa t49823 l51211 ls1073">purposes, </span><span class="pp-class-382 pa t49823 l51212 ls238">assets </span><span class="pp-class-382 pa t49823 l51213 ls2486">leased </span><span class="pp-class-382 pa t49823 l16801 ls858">out </span><span class="pp-class-382 pa t49823 l10091 ls800">are </span><span class="pp-class-382 pa t49823 l51214 ls1237">divided </span><span class="pp-class-382 pa t49823 l51215 ls3474">into </span><span class="pp-class-382 pa t49823 l51216 ls1237">finance </span><span class="pp-class-382 pa t49823 l51217 ls1099">and </span><span class="pp-class-382 pa t49823 l51218 ls2760">operating </span><span class="pp-class-382 pa t49823 l51219 ls1237">leases. </span><span class="pp-class-382 pa t49823 l51220 ls1080">In </span><span class="pp-class-382 pa t49823 l51221 ls960">respect </span><span class="pp-class-382 pa t51222 l3 ls103">of </span><span class="pp-class-382 pa t51222 l29517 ls238">assets </span><span class="pp-class-382 pa t51222 l18526 ls2486">leased </span><span class="pp-class-382 pa t51222 l51223 ls858">out </span><span class="pp-class-382 pa t51222 l51224 ls1080">on </span><span class="pp-class-382 pa t51222 l51225 ls302">a </span><span class="pp-class-382 pa t51222 l51226 ls1237">finance </span><span class="pp-class-382 pa t51222 l51227 ls1701">lease, </span><span class="pp-class-382 pa t51222 l51228 ls1080">an </span><span class="pp-class-382 pa t51222 l51229 ls1073">amount </span><span class="pp-class-382 pa t51222 l51230 ls1759">equal </span><span class="pp-class-382 pa t51222 l51231 ls1759">to </span><span class="pp-class-382 pa t51222 l51232 ls1099">the </span><span class="pp-class-382 pa t51222 l51233 ls830">net </span><span class="pp-class-382 pa t51222 l48198 ls852">present </span><span class="pp-class-382 pa t51222 l51234 ls1083">value </span><span class="pp-class-382 pa t51222 l51235 ls103">of </span><span class="pp-class-382 pa t51222 l51236 ls858">the </span><span class="pp-class-382 pa t51222 l51237 ls1083">future </span><span class="pp-class-382 pa t51222 l51238 ls1080">lease </span><span class="pp-class-382 pa t51239 l3 ls5069">payments </span><span class="pp-class-382 pa t51239 l51240 ls1080">is </span><span class="pp-class-382 pa t51239 l51241 ls2970">recognised </span><span class="pp-class-382 pa t51239 l42631 ls1080">in </span><span class="pp-class-382 pa t51239 l51242 ls858">the </span><span class="pp-class-382 pa t51239 l51243 ls1237">balance </span><span class="pp-class-382 pa t51239 l51244 ls296">sheet </span><span class="pp-class-382 pa t51239 l51245 ls1080">as </span><span class="pp-class-382 pa t51239 l51246 ls302">a </span><span class="pp-class-382 pa t51239 l51247 ls1759">lease </span><span class="pp-class-382 pa t51239 l2965 ls828">receivable </span><span class="pp-class-382 pa t51239 l51248 ls1243">from </span><span class="pp-class-382 pa t51239 l51249 ls1701">lessee. </span><span class="pp-class-382 pa t51239 l51250 ls1099">The </span><span class="pp-class-382 pa t51239 l25310 ls296">asset </span><span class="pp-class-382 pa t51239 l51251 ls2486">leased </span><span class="pp-class-382 pa t51239 l51252 ls302">out </span><span class="pp-class-382 pa t51253 l3 ls1080">is </span><span class="pp-class-382 pa t51253 l46558 ls3105">reclassified </span><span class="pp-class-382 pa t51253 l2163 ls1243">from </span><span class="pp-class-382 pa t51253 l30618 ls1101">non-current </span><span class="pp-class-382 pa t51253 l51254 ls296">asset </span><span class="pp-class-382 pa t51253 l51255 ls1759">to </span><span class="pp-class-382 pa t51253 l51256 ls2486">leases </span><span class="pp-class-382 pa t51253 l12364 ls2787">receivables </span><span class="pp-class-382 pa t51253 l39126 ls1099">and </span><span class="pp-class-382 pa t51253 l51257 ls3278">any </span><span class="pp-class-382 pa t51253 l51258 ls1323">gain </span><span class="pp-class-382 pa t51253 l51259 ls1080">or </span><span class="pp-class-382 pa t51253 l51260 ls1323">loss </span><span class="pp-class-382 pa t51253 l51261 ls1237">arising </span><span class="pp-class-382 pa t51253 l51262 ls1243">from </span><span class="pp-class-382 pa t51253 l51263 ls1323">this </span><span class="pp-class-382 pa t51253 l51264 ls278">is </span><span class="pp-class-382 pa t51265 l3 ls2970">recognised </span><span class="pp-class-382 pa t51265 l44565 ls1080">in </span><span class="pp-class-382 pa t51265 l44566 ls858">the </span><span class="pp-class-382 pa t51265 l51266 ls2486">income </span><span class="pp-class-382 pa t51265 l51267 ls2889">statement. </span><span class="pp-class-382 pa t51265 l51268 ls1759">Lease </span><span class="pp-class-382 pa t51265 l51269 ls2486">income </span><span class="pp-class-382 pa t51265 l51270 ls1243">from </span><span class="pp-class-382 pa t51265 l51271 ls238">assets </span><span class="pp-class-382 pa t51265 l51272 ls2486">leased </span><span class="pp-class-382 pa t51265 l51273 ls1099">out </span><span class="pp-class-382 pa t51265 l51274 ls1080">on </span><span class="pp-class-382 pa t51265 l51275 ls1080">an </span><span class="pp-class-382 pa t51265 l47524 ls2760">operating </span><span class="pp-class-382 pa t51265 l51276 ls1759">lease </span><span class="pp-class-382 pa t51265 l51277 ls278">is </span><span class="pp-class-382 pa t51278 l3 ls2970">recognised </span><span class="pp-class-382 pa t51278 l44565 ls1080">in </span><span class="pp-class-382 pa t51278 l44566 ls858">the </span><span class="pp-class-382 pa t51278 l51266 ls2486">income </span><span class="pp-class-382 pa t51278 l51267 ls1150">statement </span><span class="pp-class-382 pa t51278 l36809 ls1080">on </span><span class="pp-class-382 pa t51278 l51279 ls302">a </span><span class="pp-class-382 pa t51278 l51280 ls1316">straight-line </span><span class="pp-class-382 pa t51278 l49210 ls1759">basis </span><span class="pp-class-382 pa t51278 l51281 ls2671">over </span><span class="pp-class-382 pa t51278 l51282 ls858">the </span><span class="pp-class-382 pa t51278 l51283 ls1759">lease </span><span class="pp-class-382 pa t51278 l51284 ls1073">term.</span></p></div></div> <div class="pp-class-363 pp-class-395" id="pp-id-5195" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h50924 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t30083 l3 ls2842">Group </span><span class="pp-class-383 pa t30083 l50797 ls1080">as </span><span class="pp-class-383 pa t30083 l50798 ls296">lessee </span><span class="pp-class-383 pa t30083 l50925 ls296">(lease </span><span class="pp-class-383 pa t30083 l43760 ls1080">in)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30087 l3 ls1099 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t30087 l4189 ls1316 wtro3159 wtr1293 tro3160 tr1294">right-of-use </span><span class="pp-class-382 pa t30087 l50926 ls296 wtro3159 wtr1293 tro3160 tr1294">asset </span><span class="pp-class-382 pa t30087 l50927 ls858 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t30087 l50928 ls2889 wtro3159 wtr1293 tro3160 tr1294">corresponding </span><span class="pp-class-382 pa t30087 l50929 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30087 l50930 ls1073 wtro3159 wtr1293 tro3160 tr1294">liability </span><span class="pp-class-382 pa t30087 l50931 ls1080 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t30087 l50932 ls2970 wtro3159 wtr1293 tro3160 tr1294">recognised </span><span class="pp-class-382 pa t30087 l50933 ls1083 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t30087 l50934 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30087 l50935 ls296 wtro3159 wtr1293 tro3160 tr1294">commencement </span><span class="pp-class-382 pa t30087 l50936 ls2688 wtro3159 wtr1293 tro3160 tr1294">date, </span><span class="pp-class-382 pa t30087 l50937 ls3474 wtro3159 wtr1293 tro3160 tr1294">i.e. </span><span class="pp-class-382 pa t30093 l3 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30093 l50938 ls852 wtro3159 wtr1293 tro3160 tr1294">date </span><span class="pp-class-382 pa t30093 l24223 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30093 l50939 ls1083 wtro3159 wtr1293 tro3160 tr1294">underlying </span><span class="pp-class-382 pa t30093 l50940 ls296 wtro3159 wtr1293 tro3160 tr1294">asset </span><span class="pp-class-382 pa t30093 l50941 ls1080 wtro3159 wtr1293 tro3160 tr1294">is </span><span class="pp-class-382 pa t30093 l50942 ls646 wtro3159 wtr1293 tro3160 tr1294">ready </span><span class="pp-class-382 pa t30093 l50943 ls3278 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t30093 l50944 ls4275 wtro3159 wtr1293 tro3160 tr1294">use. </span><span class="pp-class-382 pa t30093 l50945 ls1316 wtro3159 wtr1293 tro3160 tr1294">Right-of-use </span><span class="pp-class-382 pa t30093 l50946 ls238 wtro3159 wtr1293 tro3160 tr1294">assets </span><span class="pp-class-382 pa t30093 l50947 ls800 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t30093 l50948 ls8853 wtro3159 wtr1293 tro3160 tr1294">measured </span><span class="pp-class-382 pa t30093 l50949 ls1083 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t30093 l50950 ls1323 wtro3159 wtr1293 tro3160 tr1294">cost </span><span class="pp-class-382 pa t30093 l50951 ls2842 wtro3159 wtr1293 tro3160 tr1294">corresponding </span><span class="pp-class-382 pa t30098 l3 ls1759 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t30098 l50952 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30098 l50953 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30098 l50954 ls1073 wtro3159 wtr1293 tro3160 tr1294">liability </span><span class="pp-class-382 pa t30098 l50955 ls2142 wtro3159 wtr1293 tro3160 tr1294">recognised, </span><span class="pp-class-382 pa t30098 l50956 ls2113 wtro3159 wtr1293 tro3160 tr1294">adjusted </span><span class="pp-class-382 pa t30098 l50957 ls3278 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t30098 l50958 ls3278 wtro3159 wtr1293 tro3160 tr1294">any </span><span class="pp-class-382 pa t30098 l36275 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30098 l50959 ls2760 wtro3159 wtr1293 tro3160 tr1294">prepayments </span><span class="pp-class-382 pa t30098 l50960 ls3474 wtro3159 wtr1293 tro3160 tr1294">including </span><span class="pp-class-382 pa t30098 l50961 ls806 wtro3159 wtr1293 tro3160 tr1294">dismantling </span><span class="pp-class-382 pa t30098 l50962 ls302 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-382 pa t30105 l3 ls2459 wtro3159 wtr1293 tro3160 tr1294">restoration </span><span class="pp-class-382 pa t30105 l50963 ls2486 wtro3159 wtr1293 tro3160 tr1294">costs. </span><span class="pp-class-382 pa t30105 l50964 ls858 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t30105 l50965 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30105 l50966 ls1118 wtro3159 wtr1293 tro3160 tr1294">liabilities </span><span class="pp-class-382 pa t30105 l50967 ls800 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t30105 l50968 ls8853 wtro3159 wtr1293 tro3160 tr1294">measured </span><span class="pp-class-382 pa t30105 l50969 ls1083 wtro3159 wtr1293 tro3160 tr1294">at </span><span class="pp-class-382 pa t30105 l50970 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30105 l50971 ls852 wtro3159 wtr1293 tro3160 tr1294">present </span><span class="pp-class-382 pa t30105 l50972 ls1083 wtro3159 wtr1293 tro3160 tr1294">value </span><span class="pp-class-382 pa t30105 l50973 ls103 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t30105 l50974 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30105 l50975 ls5069 wtro3159 wtr1293 tro3160 tr1294">payments </span><span class="pp-class-382 pa t30105 l50976 ls1759 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t30105 l50977 ls1080 wtro3159 wtr1293 tro3160 tr1294">be </span><span class="pp-class-382 pa t30105 l25971 ls1323 wtro3159 wtr1293 tro3160 tr1294">made </span><span class="pp-class-382 pa t30110 l3 ls2671 wtro3159 wtr1293 tro3160 tr1294">over </span><span class="pp-class-382 pa t30110 l50978 ls1099 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t30110 l50979 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30110 l50980 ls1118 wtro3159 wtr1293 tro3160 tr1294">term. </span><span class="pp-class-382 pa t30110 l50981 ls1099 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t30110 l50982 ls1759 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-382 pa t30110 l15525 ls5069 wtro3159 wtr1293 tro3160 tr1294">payments </span><span class="pp-class-382 pa t30110 l50983 ls800 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t30110 l50984 ls1701 wtro3159 wtr1293 tro3160 tr1294">discounted </span><span class="pp-class-382 pa t30110 l50985 ls1759 wtro3159 wtr1293 tro3160 tr1294">using </span><span class="pp-class-382 pa t30110 l50986 ls1759 wtro3159 wtr1293 tro3160 tr1294">DFDS’ </span><span class="pp-class-382 pa t30110 l50987 ls1150 wtro3159 wtr1293 tro3160 tr1294">incremental </span><span class="pp-class-382 pa t30110 l50988 ls1463 wtro3159 wtr1293 tro3160 tr1294">borrowing </span><span class="pp-class-382 pa t30110 l50989 ls26 wtro3159 wtr1293 tro3160 tr1294">rate. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37930 l3 ls3623">Depreciation </span><span class="pp-class-382 pa t37930 l50990 ls1463">follows </span><span class="pp-class-382 pa t37930 l50991 ls858">the </span><span class="pp-class-382 pa t37930 l50992 ls1316">straight-line </span><span class="pp-class-382 pa t37930 l50993 ls238">method </span><span class="pp-class-382 pa t37930 l50994 ls2671">over </span><span class="pp-class-382 pa t37930 l39073 ls858">the </span><span class="pp-class-382 pa t37930 l50995 ls1759">lease </span><span class="pp-class-382 pa t37930 l50996 ls1073">term </span><span class="pp-class-382 pa t37930 l50997 ls1080">or </span><span class="pp-class-382 pa t37930 l50998 ls858">the </span><span class="pp-class-382 pa t37930 l50999 ls1941">useful </span><span class="pp-class-382 pa t37930 l51000 ls3278">life </span><span class="pp-class-382 pa t37930 l51001 ls103">of </span><span class="pp-class-382 pa t37930 l51002 ls1099">the </span><span class="pp-class-382 pa t37930 l51003 ls1148">right-of-use </span><span class="pp-class-382 pa t37942 l3 ls3474">assets, </span><span class="pp-class-382 pa t37942 l51004 ls6007">whichever </span><span class="pp-class-382 pa t37942 l13874 ls1080">is </span><span class="pp-class-382 pa t37942 l51005 ls1099">shortest. </span><span class="pp-class-382 pa t37942 l51006 ls7736">However, </span><span class="pp-class-382 pa t37942 l51007 ls3278">for </span><span class="pp-class-382 pa t37942 l51008 ls858">one </span><span class="pp-class-382 pa t37942 l51009 ls296">terminal </span><span class="pp-class-382 pa t37942 l51010 ls858">the </span><span class="pp-class-382 pa t37942 l51011 ls3623">depreciation </span><span class="pp-class-382 pa t37942 l51012 ls1080">is </span><span class="pp-class-382 pa t37942 l51013 ls1759">based </span><span class="pp-class-382 pa t37942 l51014 ls1080">on </span><span class="pp-class-382 pa t37942 l51015 ls2842">volumes </span><span class="pp-class-382 pa t49646 l3 ls1237">handled </span><span class="pp-class-382 pa t49646 l34494 ls1080">in </span><span class="pp-class-382 pa t49646 l51016 ls858">the </span><span class="pp-class-382 pa t49646 l51017 ls296">terminal.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t37948 l3 ls1264">The </span><span class="pp-class-382 pa t37948 l34050 ls166">lease </span><span class="pp-class-382 pa t37948 l37889 ls124">payments </span><span class="pp-class-382 pa t37948 l51018 ls332">include </span><span class="pp-class-382 pa t37948 l22712 ls1955">fixed </span><span class="pp-class-382 pa t37948 l40070 ls124">payments </span><span class="pp-class-382 pa t37948 l51019 ls258">less </span><span class="pp-class-382 pa t37948 l51020 ls180">any </span><span class="pp-class-382 pa t37948 l51021 ls166">lease </span><span class="pp-class-382 pa t37948 l51022 ls134">incentives </span><span class="pp-class-382 pa t37948 l51023 ls214">receivable </span><span class="pp-class-382 pa t37948 l51024 ls704">and </span><span class="pp-class-382 pa t37948 l51025 ls884">variable </span><span class="pp-class-382 pa t37948 l43997 ls193">lease </span><span class="pp-class-382 pa t37961 l3 ls124">payments </span><span class="pp-class-382 pa t37961 l51026 ls302">that </span><span class="pp-class-382 pa t37961 l34319 ls166">depend </span><span class="pp-class-382 pa t37961 l51027 ls193">on </span><span class="pp-class-382 pa t37961 l51028 ls193">an </span><span class="pp-class-382 pa t37961 l51029 ls1955">index </span><span class="pp-class-382 pa t37961 l51030 ls193">or </span><span class="pp-class-382 pa t37961 l51031 ls175">a </span><span class="pp-class-382 pa t37961 l21960 ls2889">rate. </span><span class="pp-class-382 pa t37961 l51032 ls193">If </span><span class="pp-class-382 pa t37961 l51033 ls704">the </span><span class="pp-class-382 pa t37961 l37613 ls3566">contract </span><span class="pp-class-382 pa t37961 l51034 ls166">holds </span><span class="pp-class-382 pa t37961 l51035 ls193">an </span><span class="pp-class-382 pa t37961 l51036 ls254">option </span><span class="pp-class-382 pa t37961 l51037 ls78">to </span><span class="pp-class-382 pa t37961 l51038 ls2482">purchase, </span><span class="pp-class-382 pa t37961 l51039 ls155">extend </span><span class="pp-class-382 pa t37961 l51040 ls842">or </span><span class="pp-class-382 pa t37974 l3 ls124">terminate </span><span class="pp-class-382 pa t37974 l51041 ls175">a </span><span class="pp-class-382 pa t37974 l31222 ls166">lease </span><span class="pp-class-382 pa t37974 l51042 ls704">and </span><span class="pp-class-382 pa t37974 l51043 ls193">it </span><span class="pp-class-382 pa t37974 l51044 ls193">is </span><span class="pp-class-382 pa t37974 l51045 ls1123">reasonably </span><span class="pp-class-382 pa t37974 l44825 ls813">certain </span><span class="pp-class-382 pa t37974 l51046 ls78">to </span><span class="pp-class-382 pa t37974 l16555 ls193">be </span><span class="pp-class-382 pa t37974 l51047 ls3474">exercised </span><span class="pp-class-382 pa t37974 l51048 ls1309">by </span><span class="pp-class-382 pa t37974 l51049 ls704">the </span><span class="pp-class-382 pa t37974 l51050 ls1080">Group, </span><span class="pp-class-382 pa t37974 l51051 ls1264">the </span><span class="pp-class-382 pa t37974 l51052 ls166">lease </span><span class="pp-class-382 pa t37974 l51053 ls150">liability </span><span class="pp-class-382 pa t37974 l51054 ls45">will </span><span class="pp-class-382 pa t49077 l3 ls332">include </span><span class="pp-class-382 pa t49077 l51055 ls78">those. </span><span class="pp-class-382 pa t49077 l51056 ls704">The </span><span class="pp-class-382 pa t49077 l51057 ls884">variable </span><span class="pp-class-382 pa t49077 l51058 ls166">lease </span><span class="pp-class-382 pa t49077 l23044 ls124">payments </span><span class="pp-class-382 pa t49077 l6045 ls302">that </span><span class="pp-class-382 pa t49077 l51059 ls193">do </span><span class="pp-class-382 pa t49077 l51060 ls671">not </span><span class="pp-class-382 pa t49077 l51061 ls166">depend </span><span class="pp-class-382 pa t49077 l51062 ls193">on </span><span class="pp-class-382 pa t49077 l51063 ls193">an </span><span class="pp-class-382 pa t49077 l51064 ls1955">index </span><span class="pp-class-382 pa t49077 l51065 ls193">or </span><span class="pp-class-382 pa t49077 l51066 ls175">a </span><span class="pp-class-382 pa t49077 l51067 ls3105">rate </span><span class="pp-class-382 pa t49077 l51068 ls1323">are </span><span class="pp-class-382 pa t49077 l51069 ls16">recognised </span><span class="pp-class-382 pa t37975 l3 ls193">as </span><span class="pp-class-382 pa t37975 l50046 ls203">expenses </span><span class="pp-class-382 pa t37975 l51070 ls193">in </span><span class="pp-class-382 pa t37975 l17237 ls704">the </span><span class="pp-class-382 pa t37975 l22711 ls166">period </span><span class="pp-class-382 pa t37975 l51071 ls193">on </span><span class="pp-class-382 pa t37975 l51072 ls166">which </span><span class="pp-class-382 pa t37975 l51073 ls704">the </span><span class="pp-class-382 pa t37975 l51074 ls869">event </span><span class="pp-class-382 pa t37975 l51075 ls193">or </span><span class="pp-class-382 pa t37975 l51076 ls150">condition </span><span class="pp-class-382 pa t37975 l51077 ls302">that </span><span class="pp-class-382 pa t37975 l51078 ls150">triggers </span><span class="pp-class-382 pa t37975 l51079 ls704">the </span><span class="pp-class-382 pa t37975 l51080 ls68">payment </span><span class="pp-class-382 pa t37975 l51081 ls704">occurs. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t36901 l3 ls858">The </span><span class="pp-class-382 pa t36901 l16631 ls2784">Group </span><span class="pp-class-382 pa t36901 l4002 ls1237">applies </span><span class="pp-class-382 pa t36901 l51082 ls858">the </span><span class="pp-class-382 pa t36901 l51083 ls1859">short-term </span><span class="pp-class-382 pa t36901 l51084 ls1759">lease </span><span class="pp-class-382 pa t36901 l37746 ls2142">recognition </span><span class="pp-class-382 pa t36901 l16506 ls3630">exemption </span><span class="pp-class-382 pa t36901 l51048 ls3278">for </span><span class="pp-class-382 pa t36901 l51085 ls1759">lease </span><span class="pp-class-382 pa t36901 l43941 ls7694">contracts </span><span class="pp-class-382 pa t36901 l20631 ls1772">that, </span><span class="pp-class-382 pa t36901 l51086 ls1083">at </span><span class="pp-class-382 pa t36901 l51087 ls302">the </span><span class="pp-class-382 pa t36903 l3 ls296">commencement </span><span class="pp-class-382 pa t36903 l51088 ls2688">date, </span><span class="pp-class-382 pa t36903 l51089 ls185">have </span><span class="pp-class-382 pa t36903 l51090 ls302">a </span><span class="pp-class-382 pa t36903 l51091 ls1759">lease </span><span class="pp-class-382 pa t36903 l51092 ls1073">term </span><span class="pp-class-382 pa t36903 l51093 ls103">of </span><span class="pp-class-382 pa t36903 l51094 ls1080">12 </span><span class="pp-class-382 pa t36903 l51095 ls1073">months </span><span class="pp-class-382 pa t36903 l51096 ls1080">or </span><span class="pp-class-382 pa t36903 l51097 ls1323">less </span><span class="pp-class-382 pa t36903 l51098 ls3278">for </span><span class="pp-class-382 pa t36903 l51099 ls1099">all </span><span class="pp-class-382 pa t36903 l51100 ls1237">classes </span><span class="pp-class-382 pa t36903 l51101 ls103">of </span><span class="pp-class-382 pa t36903 l51102 ls1083">underlying </span><span class="pp-class-382 pa t36903 l51103 ls869">assets </span><span class="pp-class-382 pa t36916 l3 ls3382">except </span><span class="pp-class-382 pa t36916 l51104 ls3278">for </span><span class="pp-class-382 pa t36916 l51105 ls296">terminals </span><span class="pp-class-382 pa t36916 l17478 ls858">and </span><span class="pp-class-382 pa t36916 l51106 ls2489">ferries </span><span class="pp-class-382 pa t36916 l51107 ls858">and </span><span class="pp-class-382 pa t36916 l51108 ls296">other </span><span class="pp-class-382 pa t36916 l51109 ls2486">ships, </span><span class="pp-class-382 pa t36916 l51110 ls1099">and </span><span class="pp-class-382 pa t36916 l51111 ls1099">the </span><span class="pp-class-382 pa t36916 l51112 ls3630">exemption </span><span class="pp-class-382 pa t36916 l51113 ls3278">for </span><span class="pp-class-382 pa t36916 l51114 ls1759">lease </span><span class="pp-class-382 pa t36916 l51115 ls7694">contracts </span><span class="pp-class-382 pa t36916 l31745 ls3278">for </span><span class="pp-class-382 pa t36916 l51116 ls1759">which </span><span class="pp-class-382 pa t36916 l51117 ls302">the </span><span class="pp-class-382 pa t36920 l3 ls1083">underlying </span><span class="pp-class-382 pa t36920 l28464 ls296">asset </span><span class="pp-class-382 pa t36920 l51118 ls1080">is </span><span class="pp-class-382 pa t36920 l51119 ls103">of </span><span class="pp-class-382 pa t36920 l51120 ls1150">low </span><span class="pp-class-382 pa t36920 l51121 ls2760">value. </span><span class="pp-class-382 pa t36920 l51122 ls1759">Lease </span><span class="pp-class-382 pa t36920 l51123 ls5069">payments </span><span class="pp-class-382 pa t36920 l51124 ls1080">on </span><span class="pp-class-382 pa t36920 l51125 ls1859">short-term </span><span class="pp-class-382 pa t36920 l51126 ls2486">leases </span><span class="pp-class-382 pa t36920 l51127 ls858">and </span><span class="pp-class-382 pa t36920 l51128 ls2486">leases </span><span class="pp-class-382 pa t36920 l43033 ls103">of </span><span class="pp-class-382 pa t36920 l51129 ls2145">low-value </span><span class="pp-class-382 pa t36920 l51130 ls869">assets </span><span class="pp-class-382 pa t36928 l3 ls800">are </span><span class="pp-class-382 pa t36928 l43707 ls2970">recognised </span><span class="pp-class-382 pa t36928 l51131 ls1080">as </span><span class="pp-class-382 pa t36928 l51132 ls8853">expenses </span><span class="pp-class-382 pa t36928 l51133 ls1080">on </span><span class="pp-class-382 pa t36928 l51134 ls302">a </span><span class="pp-class-382 pa t36928 l51135 ls1316">straight-line </span><span class="pp-class-382 pa t36928 l51136 ls1759">basis </span><span class="pp-class-382 pa t36928 l30966 ls2671">over </span><span class="pp-class-382 pa t36928 l51137 ls858">the </span><span class="pp-class-382 pa t36928 l51138 ls1759">lease </span><span class="pp-class-382 pa t36928 l51139 ls1118">term. </span><span class="pp-class-382 pa t36928 l51140 ls1772">For </span><span class="pp-class-382 pa t36928 l51141 ls858">all </span><span class="pp-class-382 pa t36928 l51142 ls1237">classes </span><span class="pp-class-382 pa t36928 l51143 ls103">of </span><span class="pp-class-382 pa t36928 l51144 ls187">assets, </span><span class="pp-class-382 pa t38016 l3 ls3382">except </span><span class="pp-class-382 pa t38016 l51104 ls3278">for </span><span class="pp-class-382 pa t38016 l51105 ls238">terminals, </span><span class="pp-class-382 pa t38016 l51145 ls1323">non-lease </span><span class="pp-class-382 pa t38016 l51146 ls806">components, </span><span class="pp-class-382 pa t38016 l51147 ls2142">i.e., </span><span class="pp-class-382 pa t38016 l50874 ls1099">the </span><span class="pp-class-382 pa t38016 l51148 ls3572">service </span><span class="pp-class-382 pa t38016 l51149 ls1077">element, </span><span class="pp-class-382 pa t38016 l51150 ls1080">is </span><span class="pp-class-382 pa t38016 l50725 ls830">not </span><span class="pp-class-382 pa t38016 l51151 ls3377">separated </span><span class="pp-class-382 pa t38016 l51152 ls1243">from </span><span class="pp-class-382 pa t38016 l51153 ls302">the </span><span class="pp-class-382 pa t49235 l3 ls1759">lease </span><span class="pp-class-382 pa t49235 l51154 ls806">components </span><span class="pp-class-382 pa t49235 l45792 ls1099">and </span><span class="pp-class-382 pa t49235 l51155 ls2145">thereby </span><span class="pp-class-382 pa t49235 l51156 ls3278">form </span><span class="pp-class-382 pa t49235 l51157 ls658">part </span><span class="pp-class-382 pa t49235 l51158 ls103">of </span><span class="pp-class-382 pa t49235 l51159 ls1099">the </span><span class="pp-class-382 pa t49235 l51160 ls1316">right-of-use </span><span class="pp-class-382 pa t49235 l51161 ls296">asset </span><span class="pp-class-382 pa t49235 l51162 ls858">and </span><span class="pp-class-382 pa t49235 l51163 ls1759">lease </span><span class="pp-class-382 pa t49235 l51164 ls1073">liability </span><span class="pp-class-382 pa t49235 l51165 ls2970">recognised </span><span class="pp-class-382 pa t49235 l51166 ls278">in </span><span class="pp-class-382 pa t38021 l3 ls858">the </span><span class="pp-class-382 pa t38021 l43824 ls1237">balance </span><span class="pp-class-382 pa t38021 l51167 ls1759">sheet.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t38039 l3 ls1772">For </span><span class="pp-class-382 pa t38039 l44017 ls7694">contracts </span><span class="pp-class-382 pa t38039 l51168 ls1323">with </span><span class="pp-class-382 pa t38039 l51169 ls302">a </span><span class="pp-class-382 pa t38039 l51170 ls1150">rolling </span><span class="pp-class-382 pa t38039 l51171 ls1073">term </span><span class="pp-class-382 pa t38039 l37683 ls16981">(evergreen </span><span class="pp-class-382 pa t38039 l51172 ls1818">leases), </span><span class="pp-class-382 pa t38039 l51173 ls1099">the </span><span class="pp-class-382 pa t38039 l51174 ls53">Management </span><span class="pp-class-382 pa t38039 l51175 ls2848">exercises </span><span class="pp-class-382 pa t38039 l51176 ls1319">judgement </span><span class="pp-class-382 pa t38039 l51177 ls278">in </span><span class="pp-class-382 pa t49735 l3 ls2489">determining </span><span class="pp-class-382 pa t49735 l51178 ls1941">useful </span><span class="pp-class-382 pa t49735 l51179 ls2088">lifetime </span><span class="pp-class-382 pa t49735 l51180 ls103">of </span><span class="pp-class-382 pa t49735 l17618 ls858">the </span><span class="pp-class-382 pa t49735 l51181 ls1083">underlying </span><span class="pp-class-382 pa t49735 l51182 ls1316">right-of-use </span><span class="pp-class-382 pa t49735 l51183 ls1759">asset.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49765 l3 ls1080">As </span><span class="pp-class-382 pa t49765 l50750 ls1243">from </span><span class="pp-class-382 pa t49765 l51184 ls302">1 </span><span class="pp-class-382 pa t49765 l51185 ls3572">January </span><span class="pp-class-382 pa t49765 l30704 ls1150">2024 </span><span class="pp-class-382 pa t49765 l51186 ls858">the </span><span class="pp-class-382 pa t49765 l51187 ls2784">Group </span><span class="pp-class-382 pa t49765 l51188 ls1323">will </span><span class="pp-class-382 pa t49765 l51189 ls2486">change </span><span class="pp-class-382 pa t49765 l51190 ls858">its </span><span class="pp-class-382 pa t49765 l41676 ls53">accounting </span><span class="pp-class-382 pa t49765 l51191 ls2694">policies </span><span class="pp-class-382 pa t49765 l51192 ls2145">regarding </span><span class="pp-class-382 pa t49765 l51193 ls1859">short-term </span><span class="pp-class-382 pa t49765 l51194 ls2486">leases </span><span class="pp-class-382 pa t49765 l51195 ls99">for </span><span class="pp-class-382 pa t51196 l3 ls2489">ferries </span><span class="pp-class-382 pa t51196 l49766 ls858">and </span><span class="pp-class-382 pa t51196 l46034 ls296">other </span><span class="pp-class-382 pa t51196 l3016 ls1759">ships </span><span class="pp-class-382 pa t51196 l51197 ls1080">as </span><span class="pp-class-382 pa t51196 l51198 ls960">well </span><span class="pp-class-382 pa t51196 l40533 ls1080">as </span><span class="pp-class-382 pa t51196 l44977 ls53">accounting </span><span class="pp-class-382 pa t51196 l51199 ls7694">treatment </span><span class="pp-class-382 pa t51196 l44265 ls103">of </span><span class="pp-class-382 pa t51196 l51200 ls858">the </span><span class="pp-class-382 pa t51196 l51201 ls1323">non-lease </span><span class="pp-class-382 pa t51196 l51202 ls806">components. </span><span class="pp-class-382 pa t51196 l51203 ls2486">Please </span><span class="pp-class-382 pa t51196 l51204 ls3435">refer </span><span class="pp-class-382 pa t51196 l51205 ls302">to </span><span class="pp-class-382 pa t49777 l3 ls3474">section </span><span class="pp-class-382 pa t49777 l50748 ls858">1.2 </span><span class="pp-class-382 pa t49777 l51206 ls960">"New </span><span class="pp-class-382 pa t49777 l43023 ls53">accounting </span><span class="pp-class-382 pa t49777 l34285 ls2694">policies </span><span class="pp-class-382 pa t49777 l51207 ls858">and </span><span class="pp-class-382 pa t49777 l51208 ls3105">disclosures".</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t49808 l3 ls2842">Group </span><span class="pp-class-383 pa t49808 l50797 ls1080">as </span><span class="pp-class-383 pa t49808 l50798 ls296">lessor </span><span class="pp-class-383 pa t49808 l51209 ls296">(lease </span><span class="pp-class-383 pa t49808 l51210 ls858">out)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t49823 l3 ls1772">For </span><span class="pp-class-382 pa t49823 l44017 ls53">accounting </span><span class="pp-class-382 pa t49823 l51211 ls1073">purposes, </span><span class="pp-class-382 pa t49823 l51212 ls238">assets </span><span class="pp-class-382 pa t49823 l51213 ls2486">leased </span><span class="pp-class-382 pa t49823 l16801 ls858">out </span><span class="pp-class-382 pa t49823 l10091 ls800">are </span><span class="pp-class-382 pa t49823 l51214 ls1237">divided </span><span class="pp-class-382 pa t49823 l51215 ls3474">into </span><span class="pp-class-382 pa t49823 l51216 ls1237">finance </span><span class="pp-class-382 pa t49823 l51217 ls1099">and </span><span class="pp-class-382 pa t49823 l51218 ls2760">operating </span><span class="pp-class-382 pa t49823 l51219 ls1237">leases. </span><span class="pp-class-382 pa t49823 l51220 ls1080">In </span><span class="pp-class-382 pa t49823 l51221 ls960">respect </span><span class="pp-class-382 pa t51222 l3 ls103">of </span><span class="pp-class-382 pa t51222 l29517 ls238">assets </span><span class="pp-class-382 pa t51222 l18526 ls2486">leased </span><span class="pp-class-382 pa t51222 l51223 ls858">out </span><span class="pp-class-382 pa t51222 l51224 ls1080">on </span><span class="pp-class-382 pa t51222 l51225 ls302">a </span><span class="pp-class-382 pa t51222 l51226 ls1237">finance </span><span class="pp-class-382 pa t51222 l51227 ls1701">lease, </span><span class="pp-class-382 pa t51222 l51228 ls1080">an </span><span class="pp-class-382 pa t51222 l51229 ls1073">amount </span><span class="pp-class-382 pa t51222 l51230 ls1759">equal </span><span class="pp-class-382 pa t51222 l51231 ls1759">to </span><span class="pp-class-382 pa t51222 l51232 ls1099">the </span><span class="pp-class-382 pa t51222 l51233 ls830">net </span><span class="pp-class-382 pa t51222 l48198 ls852">present </span><span class="pp-class-382 pa t51222 l51234 ls1083">value </span><span class="pp-class-382 pa t51222 l51235 ls103">of </span><span class="pp-class-382 pa t51222 l51236 ls858">the </span><span class="pp-class-382 pa t51222 l51237 ls1083">future </span><span class="pp-class-382 pa t51222 l51238 ls1080">lease </span><span class="pp-class-382 pa t51239 l3 ls5069">payments </span><span class="pp-class-382 pa t51239 l51240 ls1080">is </span><span class="pp-class-382 pa t51239 l51241 ls2970">recognised </span><span class="pp-class-382 pa t51239 l42631 ls1080">in </span><span class="pp-class-382 pa t51239 l51242 ls858">the </span><span class="pp-class-382 pa t51239 l51243 ls1237">balance </span><span class="pp-class-382 pa t51239 l51244 ls296">sheet </span><span class="pp-class-382 pa t51239 l51245 ls1080">as </span><span class="pp-class-382 pa t51239 l51246 ls302">a </span><span class="pp-class-382 pa t51239 l51247 ls1759">lease </span><span class="pp-class-382 pa t51239 l2965 ls828">receivable </span><span class="pp-class-382 pa t51239 l51248 ls1243">from </span><span class="pp-class-382 pa t51239 l51249 ls1701">lessee. </span><span class="pp-class-382 pa t51239 l51250 ls1099">The </span><span class="pp-class-382 pa t51239 l25310 ls296">asset </span><span class="pp-class-382 pa t51239 l51251 ls2486">leased </span><span class="pp-class-382 pa t51239 l51252 ls302">out </span><span class="pp-class-382 pa t51253 l3 ls1080">is </span><span class="pp-class-382 pa t51253 l46558 ls3105">reclassified </span><span class="pp-class-382 pa t51253 l2163 ls1243">from </span><span class="pp-class-382 pa t51253 l30618 ls1101">non-current </span><span class="pp-class-382 pa t51253 l51254 ls296">asset </span><span class="pp-class-382 pa t51253 l51255 ls1759">to </span><span class="pp-class-382 pa t51253 l51256 ls2486">leases </span><span class="pp-class-382 pa t51253 l12364 ls2787">receivables </span><span class="pp-class-382 pa t51253 l39126 ls1099">and </span><span class="pp-class-382 pa t51253 l51257 ls3278">any </span><span class="pp-class-382 pa t51253 l51258 ls1323">gain </span><span class="pp-class-382 pa t51253 l51259 ls1080">or </span><span class="pp-class-382 pa t51253 l51260 ls1323">loss </span><span class="pp-class-382 pa t51253 l51261 ls1237">arising </span><span class="pp-class-382 pa t51253 l51262 ls1243">from </span><span class="pp-class-382 pa t51253 l51263 ls1323">this </span><span class="pp-class-382 pa t51253 l51264 ls278">is </span><span class="pp-class-382 pa t51265 l3 ls2970">recognised </span><span class="pp-class-382 pa t51265 l44565 ls1080">in </span><span class="pp-class-382 pa t51265 l44566 ls858">the </span><span class="pp-class-382 pa t51265 l51266 ls2486">income </span><span class="pp-class-382 pa t51265 l51267 ls2889">statement. </span><span class="pp-class-382 pa t51265 l51268 ls1759">Lease </span><span class="pp-class-382 pa t51265 l51269 ls2486">income </span><span class="pp-class-382 pa t51265 l51270 ls1243">from </span><span class="pp-class-382 pa t51265 l51271 ls238">assets </span><span class="pp-class-382 pa t51265 l51272 ls2486">leased </span><span class="pp-class-382 pa t51265 l51273 ls1099">out </span><span class="pp-class-382 pa t51265 l51274 ls1080">on </span><span class="pp-class-382 pa t51265 l51275 ls1080">an </span><span class="pp-class-382 pa t51265 l47524 ls2760">operating </span><span class="pp-class-382 pa t51265 l51276 ls1759">lease </span><span class="pp-class-382 pa t51265 l51277 ls278">is </span><span class="pp-class-382 pa t51278 l3 ls2970">recognised </span><span class="pp-class-382 pa t51278 l44565 ls1080">in </span><span class="pp-class-382 pa t51278 l44566 ls858">the </span><span class="pp-class-382 pa t51278 l51266 ls2486">income </span><span class="pp-class-382 pa t51278 l51267 ls1150">statement </span><span class="pp-class-382 pa t51278 l36809 ls1080">on </span><span class="pp-class-382 pa t51278 l51279 ls302">a </span><span class="pp-class-382 pa t51278 l51280 ls1316">straight-line </span><span class="pp-class-382 pa t51278 l49210 ls1759">basis </span><span class="pp-class-382 pa t51278 l51281 ls2671">over </span><span class="pp-class-382 pa t51278 l51282 ls858">the </span><span class="pp-class-382 pa t51278 l51283 ls1759">lease </span><span class="pp-class-382 pa t51278 l51284 ls1073">term.</span></p></div></div> <div class="pp-class-363 pp-class-395" id="pp-id-5202" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h52520 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3">The </span><span class="pp-class-382 pa t29793 l16790 ls2554">carrying </span><span class="pp-class-382 pa t29793 l18460 ls907">amount </span><span class="pp-class-382 pa t29793 l52521 ls287">of </span><span class="pp-class-382 pa t29793 l52522">Goodwill, </span><span class="pp-class-382 pa t29793 l31724 ls171">non-current </span><span class="pp-class-382 pa t29793 l52523 ls90">intangible, </span><span class="pp-class-382 pa t29793 l52524 ls982">tangible </span><span class="pp-class-382 pa t29793 l52525">and </span><span class="pp-class-382 pa t29793 l51500 ls931">right-of-use </span><span class="pp-class-382 pa t29793 l52526 ls175">assets </span><span class="pp-class-382 pa t29793 l52527 ls85">are </span><span class="pp-class-382 pa t29793 l52528 ls12">con-</span><span class="pp-class-382 pa t29798 l3 ls138">tinuously </span><span class="pp-class-382 pa t29798 l52529">assessed, </span><span class="pp-class-382 pa t29798 l52530 ls2835">at </span><span class="pp-class-382 pa t29798 l52531">least </span><span class="pp-class-382 pa t29798 l52532">once </span><span class="pp-class-382 pa t29798 l52533">a </span><span class="pp-class-382 pa t29798 l49094 ls2147">year, </span><span class="pp-class-382 pa t29798 l10080 ls166">to </span><span class="pp-class-382 pa t29798 l52534 ls45">determine </span><span class="pp-class-382 pa t29798 l52535 ls37">whether </span><span class="pp-class-382 pa t29798 l52536 ls110">there </span><span class="pp-class-382 pa t29798 l52537">is </span><span class="pp-class-382 pa t29798 l18736">an </span><span class="pp-class-382 pa t29798 l52538 ls704">indication </span><span class="pp-class-382 pa t29798 l52539 ls287">of </span><span class="pp-class-382 pa t29798 l52540 ls93">impairment. </span><span class="pp-class-382 pa t36806 l3">When </span><span class="pp-class-382 pa t36806 l52541">such </span><span class="pp-class-382 pa t36806 l52542 ls704">indication </span><span class="pp-class-382 pa t36806 l50519 ls134">exists </span><span class="pp-class-382 pa t36806 l52543">the </span><span class="pp-class-382 pa t36806 l10462 ls1309">recoverable </span><span class="pp-class-382 pa t36806 l52544 ls907">amount </span><span class="pp-class-382 pa t36806 l52545 ls287">of </span><span class="pp-class-382 pa t36806 l52546">the </span><span class="pp-class-382 pa t36806 l52547 ls72">asset </span><span class="pp-class-382 pa t36806 l52548">is </span><span class="pp-class-382 pa t36806 l52549">assessed. </span><span class="pp-class-382 pa t36806 l52550">The </span><span class="pp-class-382 pa t36806 l50660 ls1309">recoverable </span><span class="pp-class-382 pa t29811 l3 ls907">amount </span><span class="pp-class-382 pa t29811 l52551">is </span><span class="pp-class-382 pa t29811 l52552">the </span><span class="pp-class-382 pa t29811 l52553">higher </span><span class="pp-class-382 pa t29811 l8526 ls287">of </span><span class="pp-class-382 pa t29811 l52554">the </span><span class="pp-class-382 pa t29811 l37980 ls1005">fair </span><span class="pp-class-382 pa t29811 l52555 ls16">value </span><span class="pp-class-382 pa t29811 l52556">less </span><span class="pp-class-382 pa t29811 l40327">costs </span><span class="pp-class-382 pa t29811 l52557 ls287">of </span><span class="pp-class-382 pa t29811 l52558">disposal </span><span class="pp-class-382 pa t29811 l52559">and </span><span class="pp-class-382 pa t29811 l52560">the </span><span class="pp-class-382 pa t29811 l52561 ls228">value-in-use. </span><span class="pp-class-382 pa t29811 l52562 ls12">The </span><span class="pp-class-382 pa t29811 l52563 ls907">value-in-use </span><span class="pp-class-382 pa t29824 l3">is </span><span class="pp-class-382 pa t29824 l31749 ls128">calculated </span><span class="pp-class-382 pa t29824 l4822">as </span><span class="pp-class-382 pa t29824 l52564">the </span><span class="pp-class-382 pa t29824 l52565 ls1326">present </span><span class="pp-class-382 pa t29824 l52566 ls16">value </span><span class="pp-class-382 pa t29824 l52567 ls287">of </span><span class="pp-class-382 pa t29824 l52568">the </span><span class="pp-class-382 pa t29824 l50901 ls134">future </span><span class="pp-class-382 pa t29824 l52569 ls150">net </span><span class="pp-class-382 pa t29824 l52570">cash </span><span class="pp-class-382 pa t29824 l52571 ls646">flow, </span><span class="pp-class-382 pa t29824 l52572">which </span><span class="pp-class-382 pa t29824 l52573">the </span><span class="pp-class-382 pa t29824 l52574 ls72">asset </span><span class="pp-class-382 pa t29824 l52575">is </span><span class="pp-class-382 pa t29824 l52576 ls180">expected </span><span class="pp-class-382 pa t29824 l52577 ls166">to </span><span class="pp-class-382 pa t29836 l3 ls2482">generate </span><span class="pp-class-382 pa t29836 l4067">either </span><span class="pp-class-382 pa t29836 l24500 ls1955">by </span><span class="pp-class-382 pa t29836 l16390 ls944">itself </span><span class="pp-class-382 pa t29836 l52578">or </span><span class="pp-class-382 pa t29836 l52579 ls931">from </span><span class="pp-class-382 pa t29836 l16160">the </span><span class="pp-class-382 pa t29836 l52580 ls246">lowest </span><span class="pp-class-382 pa t29836 l52581 ls254">cash-generating </span><span class="pp-class-382 pa t29836 l52582">unit </span><span class="pp-class-382 pa t29836 l52583 ls166">to </span><span class="pp-class-382 pa t29836 l52584">which </span><span class="pp-class-382 pa t29836 l45240">the </span><span class="pp-class-382 pa t29836 l52585 ls72">asset </span><span class="pp-class-382 pa t29836 l52586 ls12">is </span><span class="pp-class-382 pa t29836 l52587 ls1005">allocated.</span></p></div></div> <div class="pp-class-363 pp-class-395" id="pp-id-5202" xmlns="http://www.w3.org/1999/xhtml"><div class="w37231 h52520 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3">The </span><span class="pp-class-382 pa t29793 l16790 ls2554">carrying </span><span class="pp-class-382 pa t29793 l18460 ls907">amount </span><span class="pp-class-382 pa t29793 l52521 ls287">of </span><span class="pp-class-382 pa t29793 l52522">Goodwill, </span><span class="pp-class-382 pa t29793 l31724 ls171">non-current </span><span class="pp-class-382 pa t29793 l52523 ls90">intangible, </span><span class="pp-class-382 pa t29793 l52524 ls982">tangible </span><span class="pp-class-382 pa t29793 l52525">and </span><span class="pp-class-382 pa t29793 l51500 ls931">right-of-use </span><span class="pp-class-382 pa t29793 l52526 ls175">assets </span><span class="pp-class-382 pa t29793 l52527 ls85">are </span><span class="pp-class-382 pa t29793 l52528 ls12">con-</span><span class="pp-class-382 pa t29798 l3 ls138">tinuously </span><span class="pp-class-382 pa t29798 l52529">assessed, </span><span class="pp-class-382 pa t29798 l52530 ls2835">at </span><span class="pp-class-382 pa t29798 l52531">least </span><span class="pp-class-382 pa t29798 l52532">once </span><span class="pp-class-382 pa t29798 l52533">a </span><span class="pp-class-382 pa t29798 l49094 ls2147">year, </span><span class="pp-class-382 pa t29798 l10080 ls166">to </span><span class="pp-class-382 pa t29798 l52534 ls45">determine </span><span class="pp-class-382 pa t29798 l52535 ls37">whether </span><span class="pp-class-382 pa t29798 l52536 ls110">there </span><span class="pp-class-382 pa t29798 l52537">is </span><span class="pp-class-382 pa t29798 l18736">an </span><span class="pp-class-382 pa t29798 l52538 ls704">indication </span><span class="pp-class-382 pa t29798 l52539 ls287">of </span><span class="pp-class-382 pa t29798 l52540 ls93">impairment. </span><span class="pp-class-382 pa t36806 l3">When </span><span class="pp-class-382 pa t36806 l52541">such </span><span class="pp-class-382 pa t36806 l52542 ls704">indication </span><span class="pp-class-382 pa t36806 l50519 ls134">exists </span><span class="pp-class-382 pa t36806 l52543">the </span><span class="pp-class-382 pa t36806 l10462 ls1309">recoverable </span><span class="pp-class-382 pa t36806 l52544 ls907">amount </span><span class="pp-class-382 pa t36806 l52545 ls287">of </span><span class="pp-class-382 pa t36806 l52546">the </span><span class="pp-class-382 pa t36806 l52547 ls72">asset </span><span class="pp-class-382 pa t36806 l52548">is </span><span class="pp-class-382 pa t36806 l52549">assessed. </span><span class="pp-class-382 pa t36806 l52550">The </span><span class="pp-class-382 pa t36806 l50660 ls1309">recoverable </span><span class="pp-class-382 pa t29811 l3 ls907">amount </span><span class="pp-class-382 pa t29811 l52551">is </span><span class="pp-class-382 pa t29811 l52552">the </span><span class="pp-class-382 pa t29811 l52553">higher </span><span class="pp-class-382 pa t29811 l8526 ls287">of </span><span class="pp-class-382 pa t29811 l52554">the </span><span class="pp-class-382 pa t29811 l37980 ls1005">fair </span><span class="pp-class-382 pa t29811 l52555 ls16">value </span><span class="pp-class-382 pa t29811 l52556">less </span><span class="pp-class-382 pa t29811 l40327">costs </span><span class="pp-class-382 pa t29811 l52557 ls287">of </span><span class="pp-class-382 pa t29811 l52558">disposal </span><span class="pp-class-382 pa t29811 l52559">and </span><span class="pp-class-382 pa t29811 l52560">the </span><span class="pp-class-382 pa t29811 l52561 ls228">value-in-use. </span><span class="pp-class-382 pa t29811 l52562 ls12">The </span><span class="pp-class-382 pa t29811 l52563 ls907">value-in-use </span><span class="pp-class-382 pa t29824 l3">is </span><span class="pp-class-382 pa t29824 l31749 ls128">calculated </span><span class="pp-class-382 pa t29824 l4822">as </span><span class="pp-class-382 pa t29824 l52564">the </span><span class="pp-class-382 pa t29824 l52565 ls1326">present </span><span class="pp-class-382 pa t29824 l52566 ls16">value </span><span class="pp-class-382 pa t29824 l52567 ls287">of </span><span class="pp-class-382 pa t29824 l52568">the </span><span class="pp-class-382 pa t29824 l50901 ls134">future </span><span class="pp-class-382 pa t29824 l52569 ls150">net </span><span class="pp-class-382 pa t29824 l52570">cash </span><span class="pp-class-382 pa t29824 l52571 ls646">flow, </span><span class="pp-class-382 pa t29824 l52572">which </span><span class="pp-class-382 pa t29824 l52573">the </span><span class="pp-class-382 pa t29824 l52574 ls72">asset </span><span class="pp-class-382 pa t29824 l52575">is </span><span class="pp-class-382 pa t29824 l52576 ls180">expected </span><span class="pp-class-382 pa t29824 l52577 ls166">to </span><span class="pp-class-382 pa t29836 l3 ls2482">generate </span><span class="pp-class-382 pa t29836 l4067">either </span><span class="pp-class-382 pa t29836 l24500 ls1955">by </span><span class="pp-class-382 pa t29836 l16390 ls944">itself </span><span class="pp-class-382 pa t29836 l52578">or </span><span class="pp-class-382 pa t29836 l52579 ls931">from </span><span class="pp-class-382 pa t29836 l16160">the </span><span class="pp-class-382 pa t29836 l52580 ls246">lowest </span><span class="pp-class-382 pa t29836 l52581 ls254">cash-generating </span><span class="pp-class-382 pa t29836 l52582">unit </span><span class="pp-class-382 pa t29836 l52583 ls166">to </span><span class="pp-class-382 pa t29836 l52584">which </span><span class="pp-class-382 pa t29836 l45240">the </span><span class="pp-class-382 pa t29836 l52585 ls72">asset </span><span class="pp-class-382 pa t29836 l52586 ls12">is </span><span class="pp-class-382 pa t29836 l52587 ls1005">allocated.</span></p></div></div> <div id="pp-id-5205" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h52864 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls85">3.2.1 </span><span class="pp-class-370 pa t21055 l43638 ls978">Receivables</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3">Other </span><span class="pp-class-372 pa t42308 l8525 ls171">non-current </span><span class="pp-class-372 pa t42308 l42613 ls16">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52865 l3 ls2459">Total </span><span class="pp-class-373 pa t52865 l29712 ls193">non-current </span><span class="pp-class-373 pa t52865 l42707 ls168">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52865 l52866">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52865 l52867">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52868 l3 ls14077">Trade </span><span class="pp-class-372 pa t52868 l42817 ls16">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52868 l52869 ls38921">3,787</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52868 l52870 ls715">3,427</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52871 l3 ls1237">Work </span><span class="pp-class-372 pa t52871 l52872">in </span><span class="pp-class-372 pa t52871 l52315 ls230">progress </span><span class="pp-class-372 pa t52871 l52873 ls1227">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52871 l50286 ls278">416</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52871 l52874">331</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52875 l3 ls1264">Receivables </span><span class="pp-class-372 pa t52875 l42796 ls931">from </span><span class="pp-class-372 pa t52875 l52876 ls128">associates </span><span class="pp-class-372 pa t52875 l52877">and </span><span class="pp-class-372 pa t52875 l52878 ls907">joint </span><span class="pp-class-372 pa t52875 l52879 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52875 l50639">45</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52875 l48863">38</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52880 l3 ls1326">Corporation </span><span class="pp-class-372 pa t52880 l42826 ls45">tax </span><span class="pp-class-372 pa t52880 l52881">and </span><span class="pp-class-372 pa t52880 l52882 ls907">joint </span><span class="pp-class-372 pa t52880 l52883 ls2482">taxation </span><span class="pp-class-372 pa t52880 l52884 ls2329">contribution, </span><span class="pp-class-372 pa t52880 l52885 ls897">receivable, </span><span class="pp-class-372 pa t52880 l52886 ls1344">reference </span><span class="pp-class-372 pa t52880 l52887">is </span><span class="pp-class-372 pa t52880 l52888 ls128">made </span><span class="pp-class-372 pa t42495 l3 ls166">to </span><span class="pp-class-372 pa t42495 l4223 ls171">note </span><span class="pp-class-372 pa t42495 l43336 ls650">2.6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42495 l52889">61</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42495 l50477">59</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52890 l3">Other </span><span class="pp-class-372 pa t52890 l8525 ls134">receivables </span><span class="pp-class-372 pa t52890 l24264">and </span><span class="pp-class-372 pa t52890 l38807 ls1326">current </span><span class="pp-class-372 pa t52890 l52891 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52890 l52892">563</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52890 l52893">605</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52894 l3 ls2459">Total </span><span class="pp-class-373 pa t52894 l29712 ls128">current </span><span class="pp-class-373 pa t52894 l16703 ls168">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52894 l52895 ls931">4,871</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52894 l52896 ls81">4,459</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52897 l3 ls2459">Total </span><span class="pp-class-373 pa t52897 l29712 ls128">current </span><span class="pp-class-373 pa t52897 l16703">and </span><span class="pp-class-373 pa t52897 l52898 ls193">non-current </span><span class="pp-class-373 pa t52897 l39658 ls168">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52897 l52899 ls1859">4,873</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52897 l52900 ls81">4,460</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52901 l3 ls858">The </span><span class="pp-class-382 pa t52901 l16631 ls1099">carrying </span><span class="pp-class-382 pa t52901 l3695 ls1073">amount </span><span class="pp-class-382 pa t52901 l48797 ls103">of </span><span class="pp-class-382 pa t52901 l48798 ls2787">receivables </span><span class="pp-class-382 pa t52901 l52902 ls1080">is </span><span class="pp-class-382 pa t52901 l52903 ls1080">in </span><span class="pp-class-382 pa t52901 l52904 ls858">all </span><span class="pp-class-382 pa t52901 l52905 ls2142">material </span><span class="pp-class-382 pa t52901 l52906 ls3623">respects </span><span class="pp-class-382 pa t52901 l52907 ls1759">equal </span><span class="pp-class-382 pa t52901 l52908 ls1759">to </span><span class="pp-class-382 pa t52901 l52909 ls1099">the </span><span class="pp-class-382 pa t52901 l52910 ls3278">fair </span><span class="pp-class-382 pa t52901 l45114 ls2760">value. </span><span class="pp-class-382 pa t52901 l45271 ls2688">Collateral </span><span class="pp-class-382 pa t52901 l52911 ls1080">is </span><span class="pp-class-382 pa t52901 l52912 ls858">pledged </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t52913 l3 ls1080">as </span><span class="pp-class-382 pa t52913 l34384 ls2694">security </span><span class="pp-class-382 pa t52913 l52914 ls3278">for </span><span class="pp-class-382 pa t52913 l52915 ls99">certain </span><span class="pp-class-382 pa t52913 l52916 ls6007">receivables. </span><span class="pp-class-382 pa t52913 l52917 ls858">The </span><span class="pp-class-382 pa t52913 l52918 ls2688">collateral </span><span class="pp-class-382 pa t52913 l52919 ls2694">consists </span><span class="pp-class-382 pa t52913 l52920 ls103">of </span><span class="pp-class-382 pa t52913 l52921 ls1323">bank </span><span class="pp-class-382 pa t52913 l52922 ls1148">guarantees </span><span class="pp-class-382 pa t52913 l52923 ls1323">with </span><span class="pp-class-382 pa t52913 l52924 ls302">a </span><span class="pp-class-382 pa t52913 l52925 ls3278">fair </span><span class="pp-class-382 pa t52913 l52926 ls1083">value </span><span class="pp-class-382 pa t52913 l52927 ls103">of </span><span class="pp-class-382 pa t52913 l52928 ls1099">DKK </span><span class="pp-class-382 pa t52913 l52929 ls302">58m </span><span class="pp-class-382 pa t52930 l3 ls2486">(2023: </span><span class="pp-class-382 pa t52930 l50782 ls1099">DKK </span><span class="pp-class-382 pa t52930 l4225 ls1323">55m).</span></p></div></div><div id="pp-id-5206" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h52931 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l3 ls2787">Trade </span><span class="pp-class-373 pa t30329 l52932 ls1326">receivables </span><span class="pp-class-373 pa t30329 l21250 ls68">that </span><span class="pp-class-373 pa t30329 l52933 ls671">are </span><span class="pp-class-373 pa t30329 l52934">past </span><span class="pp-class-373 pa t30329 l179 ls150">due, </span><span class="pp-class-373 pa t30329 l52935">but </span><span class="pp-class-373 pa t30329 l52936 ls813">not </span><span class="pp-class-373 pa t30329 l52937 ls1264">impaired:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48618 l3 ls230">Days </span><span class="pp-class-372 pa t48618 l52938">past </span><span class="pp-class-372 pa t48618 l43329">due:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48622 l3">Up </span><span class="pp-class-372 pa t48622 l52939 ls166">to </span><span class="pp-class-372 pa t48622 l12851">30 </span><span class="pp-class-372 pa t48622 l52940 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48622 l50818">426</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48622 l46628">465</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48625 l3 ls3477">31-60 </span><span class="pp-class-372 pa t48625 l52941 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48625 l52942 ls2970">73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48625 l52943 ls1955">207</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52944 l3 ls3477">61-90 </span><span class="pp-class-372 pa t52944 l52945 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52944 l50356">28</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52944 l47303">23</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52946 l3 ls1319">91-120 </span><span class="pp-class-372 pa t52946 l52947 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52946 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52946 l52948">15</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52949 l3 ls931">More </span><span class="pp-class-372 pa t52949 l52950">than </span><span class="pp-class-372 pa t52949 l52951">120 </span><span class="pp-class-372 pa t52949 l52952 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52949 l52953">96</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52949 l52954">58</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52955 l3 ls813">Past </span><span class="pp-class-373 pa t52955 l52956">due </span><span class="pp-class-373 pa t52955 l41239 ls1323">at </span><span class="pp-class-373 pa t52955 l52957">31 </span><span class="pp-class-373 pa t52955 l11321">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52955 l52958 ls278">624</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52955 l52959 ls1271">769</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52960 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-369 pa t52960 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52960 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48641 l3">DKK </span><span class="pp-class-372 pa t48641 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48641 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48641 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52961 l3 ls882">Movements </span><span class="pp-class-373 pa t52961 l21857">in </span><span class="pp-class-373 pa t52961 l52962 ls813">write-downs, </span><span class="pp-class-373 pa t52961 l52963">which </span><span class="pp-class-373 pa t52961 l52964 ls671">are </span><span class="pp-class-373 pa t52961 l52965 ls2329">included </span><span class="pp-class-373 pa t52961 l52966">in </span><span class="pp-class-373 pa t52961 l52967">the </span><span class="pp-class-373 pa t52961 l52968 ls225">trade </span><span class="pp-class-373 pa t52961 l52969 ls1326">receivables:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52970 l3 ls947">Write-downs </span><span class="pp-class-372 pa t52970 l52971 ls2835">at </span><span class="pp-class-372 pa t52970 l42574">1 </span><span class="pp-class-372 pa t52970 l52972 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52970 l52942 ls2970">73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52970 l47202 ls2143">70</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52973 l3 ls704">Addition </span><span class="pp-class-372 pa t52973 l47664">on </span><span class="pp-class-372 pa t52973 l47665 ls37">acquisition </span><span class="pp-class-372 pa t52973 l47666 ls287">of </span><span class="pp-class-372 pa t52973 l47667 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52973 l52974 ls302">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52973 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52975 l3 ls81">Write-downs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52975 l52976">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52975 l47199">53</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52977 l3">Realised </span><span class="pp-class-372 pa t52977 l3235">losses</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52977 l52978">-12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52977 l42482">-21</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52979 l3 ls16">Reversed </span><span class="pp-class-372 pa t52979 l52980 ls907">write-downs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52979 l52981">-21</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52979 l52982">-28</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52983 l3 ls278">Write-downs </span><span class="pp-class-373 pa t52983 l44308 ls1323">at </span><span class="pp-class-373 pa t52983 l52984">31 </span><span class="pp-class-373 pa t52983 l52985">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52983 l52986">83</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52983 l48863 ls296">73</span></p></td></tr></table></div></div><div id="pp-id-5209" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h16147 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-370 pa t21055 l3 ls85">3.2.1 </span><span class="pp-class-370 pa t21055 l43638 ls180">Receivables </span><span class="pp-class-371 pa t21055 l52987 ls155">(continued)</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3 ls1955">Age </span><span class="pp-class-373 pa t42308 l19071">distribution </span><span class="pp-class-373 pa t42308 l52988">of </span><span class="pp-class-373 pa t42308 l52989 ls37">write-downs:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3 ls230">Days </span><span class="pp-class-372 pa t43125 l52938">past </span><span class="pp-class-372 pa t43125 l43329">due:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3">Up </span><span class="pp-class-372 pa t22670 l52939 ls166">to </span><span class="pp-class-372 pa t22670 l12851">30 </span><span class="pp-class-372 pa t22670 l52940 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l52990">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l52991">7</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l3 ls3477">31-60 </span><span class="pp-class-372 pa t43136 l52941 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l3 ls3477">61-90 </span><span class="pp-class-372 pa t43142 l52945 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l3 ls1319">91-120 </span><span class="pp-class-372 pa t19778 l52947 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l46596">11</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43147 l3 ls931">More </span><span class="pp-class-372 pa t43147 l52950">than </span><span class="pp-class-372 pa t43147 l52951">120 </span><span class="pp-class-372 pa t43147 l52952 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43147 l52992 ls33100">74</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43147 l52993">55</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43151 l3 ls278">Write-downs </span><span class="pp-class-373 pa t43151 l44308 ls1323">at </span><span class="pp-class-373 pa t43151 l52984">31 </span><span class="pp-class-373 pa t43151 l52985">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43151 l52986">83</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43151 l48863 ls296">73</span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t52994 l3 ls858">The </span><span class="pp-class-382 pa t52994 l16631 ls1323">last </span><span class="pp-class-382 pa t52994 l52995 ls960">five </span><span class="pp-class-382 pa t52994 l52996 ls2142">years </span><span class="pp-class-382 pa t52994 l47987 ls1759">DFDS’ </span><span class="pp-class-382 pa t52994 l12421 ls8853">realised </span><span class="pp-class-382 pa t52994 l52997 ls1083">credit </span><span class="pp-class-382 pa t52994 l52998 ls2486">losses </span><span class="pp-class-382 pa t52994 l52999 ls1080">on </span><span class="pp-class-382 pa t52994 l53000 ls646">trade </span><span class="pp-class-382 pa t52994 l53001 ls2787">receivables </span><span class="pp-class-382 pa t52994 l53002 ls185">have </span><span class="pp-class-382 pa t52994 l53003 ls1323">been </span><span class="pp-class-382 pa t52994 l53004 ls296">insignificant </span><span class="pp-class-382 pa t52994 l53005 ls858">and </span><span class="pp-class-382 pa t52994 l53006 ls1099">the </span><span class="pp-class-382 pa t52994 l53007 ls1323">loss </span><span class="pp-class-382 pa t52994 l53008 ls3216">rate </span><span class="pp-class-382 pa t52994 l53009 ls278">is </span><span class="pp-class-382 pa t53010 l3 ls2142">below </span><span class="pp-class-382 pa t53010 l53011 ls2805">0.1% </span><span class="pp-class-382 pa t53010 l34326 ls2486">(2023: </span><span class="pp-class-382 pa t53010 l53012 ls2147">0.1%) </span><span class="pp-class-382 pa t53010 l16226 ls103">of </span><span class="pp-class-382 pa t53010 l53013 ls858">the </span><span class="pp-class-382 pa t53010 l37307 ls2143">revenue </span><span class="pp-class-382 pa t53010 l53014 ls1080">in </span><span class="pp-class-382 pa t53010 l53015 ls3278">any </span><span class="pp-class-382 pa t53010 l53016 ls103">of </span><span class="pp-class-382 pa t53010 l53017 ls1099">the </span><span class="pp-class-382 pa t53010 l47538 ls2531">respective </span><span class="pp-class-382 pa t53010 l53018 ls2889">years. </span><span class="pp-class-382 pa t53010 l53019 ls858">The </span><span class="pp-class-382 pa t53010 l53020 ls1237">changes </span><span class="pp-class-382 pa t53010 l53021 ls1080">in </span><span class="pp-class-382 pa t53010 l53022 ls8853">payment </span><span class="pp-class-382 pa t53010 l53023 ls1868">pattern </span><span class="pp-class-382 pa t53024 l3 ls830">continue </span><span class="pp-class-382 pa t53024 l53025 ls1759">to </span><span class="pp-class-382 pa t53024 l53026 ls1080">be </span><span class="pp-class-382 pa t53024 l42470 ls296">insignificant </span><span class="pp-class-382 pa t53024 l53027 ls858">and </span><span class="pp-class-382 pa t53024 l53028 ls1083">at </span><span class="pp-class-382 pa t53024 l53029 ls1099">the </span><span class="pp-class-382 pa t53024 l53030 ls1323">same </span><span class="pp-class-382 pa t53024 l53031 ls646">level </span><span class="pp-class-382 pa t53024 l53032 ls1080">as </span><span class="pp-class-382 pa t53024 l53033 ls3377">previous </span><span class="pp-class-382 pa t53024 l53034 ls2142">years.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t53035 l3 ls3190">Accordingly, </span><span class="pp-class-382 pa t53035 l53036 ls1083">at </span><span class="pp-class-382 pa t53035 l53037 ls2760">year-end </span><span class="pp-class-382 pa t53035 l53038 ls1150">2024 </span><span class="pp-class-382 pa t53035 l38630 ls858">the </span><span class="pp-class-382 pa t53035 l53039 ls828">expected </span><span class="pp-class-382 pa t53035 l28867 ls1083">credit </span><span class="pp-class-382 pa t53035 l53040 ls2486">losses </span><span class="pp-class-382 pa t53035 l53041 ls1080">on </span><span class="pp-class-382 pa t53035 l53042 ls646">trade </span><span class="pp-class-382 pa t53035 l53043 ls2787">receivables </span><span class="pp-class-382 pa t53035 l53044 ls803">calculated </span><span class="pp-class-382 pa t53035 l53045 ls1759">under </span><span class="pp-class-382 pa t53035 l53046 ls1099">the </span><span class="pp-class-382 pa t53035 l53047 ls869">simplified </span><span class="pp-class-382 pa t53048 l3 ls828">expected </span><span class="pp-class-382 pa t53048 l53049 ls1083">credit </span><span class="pp-class-382 pa t53048 l53050 ls1323">loss </span><span class="pp-class-382 pa t53048 l29960 ls1759">model </span><span class="pp-class-382 pa t53048 l53051 ls1080">is </span><span class="pp-class-382 pa t53048 l53052 ls1759">based </span><span class="pp-class-382 pa t53048 l53053 ls1080">on </span><span class="pp-class-382 pa t53048 l53054 ls858">the </span><span class="pp-class-382 pa t53048 l53055 ls2796">average </span><span class="pp-class-382 pa t53048 l53056 ls238">historical </span><span class="pp-class-382 pa t53048 l53057 ls1323">loss </span><span class="pp-class-382 pa t53048 l51849 ls3216">rate </span><span class="pp-class-382 pa t53048 l53058 ls1080">on </span><span class="pp-class-382 pa t53048 l46593 ls2143">revenue </span><span class="pp-class-382 pa t53048 l53059 ls3278">for </span><span class="pp-class-382 pa t53048 l53060 ls1099">the </span><span class="pp-class-382 pa t53048 l53061 ls1323">last </span><span class="pp-class-382 pa t53048 l53062 ls960">five </span><span class="pp-class-382 pa t53048 l44240 ls2142">years </span><span class="pp-class-382 pa t53048 l53063 ls134">of </span><span class="pp-class-382 pa t53064 l3 ls742">0.0% </span><span class="pp-class-382 pa t53064 l43692 ls2486">(2023: </span><span class="pp-class-382 pa t53064 l53065 ls16997">0.0%) </span><span class="pp-class-382 pa t53064 l53066 ls830">plus </span><span class="pp-class-382 pa t53064 l53067 ls3278">adjustments </span><span class="pp-class-382 pa t53064 l40553 ls3278">for </span><span class="pp-class-382 pa t53064 l53068 ls2970">forward-looking </span><span class="pp-class-382 pa t53064 l53069 ls2787">factors </span><span class="pp-class-382 pa t53064 l53070 ls2848">were </span><span class="pp-class-382 pa t53064 l53071 ls2970">considered </span><span class="pp-class-382 pa t53064 l31677 ls2459">relevant.</span></p><div id="pp-id-5208"><div class="pp-class-363 pp-class-395" id="pp-id-5207"><div class="w37231 h53072 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls5039">Receivables </span><span class="pp-class-382 pa t29793 l53073 ls800">are </span><span class="pp-class-382 pa t29793 l53074 ls2970">recognised </span><span class="pp-class-382 pa t29793 l53075 ls1083">at </span><span class="pp-class-382 pa t29793 l53076 ls1257">amortised </span><span class="pp-class-382 pa t29793 l53077 ls1323">cost </span><span class="pp-class-382 pa t29793 l53078 ls1323">less </span><span class="pp-class-382 pa t29793 l53079 ls828">expected </span><span class="pp-class-382 pa t29793 l18687 ls1083">credit </span><span class="pp-class-382 pa t29793 l53080 ls1237">losses. </span><span class="pp-class-382 pa t29793 l53081 ls1759">DFDS’ </span><span class="pp-class-382 pa t29793 l53082 ls2970">risks </span><span class="pp-class-382 pa t29793 l44191 ls1243">regarding </span><span class="pp-class-382 pa t29798 l3 ls646">trade </span><span class="pp-class-382 pa t29798 l53083 ls2787">receivables </span><span class="pp-class-382 pa t29798 l53084 ls800">are </span><span class="pp-class-382 pa t29798 l53085 ls830">not </span><span class="pp-class-382 pa t29798 l53086 ls2970">considered </span><span class="pp-class-382 pa t29798 l53087 ls1237">unusual </span><span class="pp-class-382 pa t29798 l53088 ls858">and </span><span class="pp-class-382 pa t29798 l53089 ls1080">no </span><span class="pp-class-382 pa t29798 l53090 ls2142">material </span><span class="pp-class-382 pa t29798 l53091 ls1323">risk </span><span class="pp-class-382 pa t29798 l53092 ls1080">is </span><span class="pp-class-382 pa t29798 l53093 ls1148">attributable </span><span class="pp-class-382 pa t29798 l53094 ls1759">to </span><span class="pp-class-382 pa t29798 l53095 ls302">a </span><span class="pp-class-382 pa t29798 l53096 ls2486">single </span><span class="pp-class-382 pa t29798 l53097 ls1759">customer </span><span class="pp-class-382 pa t36806 l3 ls1080">or </span><span class="pp-class-382 pa t36806 l53098 ls2784">group </span><span class="pp-class-382 pa t36806 l46498 ls103">of </span><span class="pp-class-382 pa t36806 l17609 ls238">customers. </span><span class="pp-class-382 pa t36806 l53099 ls4305">According </span><span class="pp-class-382 pa t36806 l10450 ls1759">to </span><span class="pp-class-382 pa t36806 l53100 ls1099">the </span><span class="pp-class-382 pa t36806 l53101 ls1015">Group’s </span><span class="pp-class-382 pa t36806 l53102 ls2889">policy </span><span class="pp-class-382 pa t36806 l53103 ls103">of </span><span class="pp-class-382 pa t36806 l53104 ls2486">undertaking </span><span class="pp-class-382 pa t36806 l53105 ls1083">credit </span><span class="pp-class-382 pa t36806 l53106 ls2142">risks, </span><span class="pp-class-382 pa t36806 l53107 ls806">assessment </span><span class="pp-class-382 pa t36806 l53108 ls134">of </span><span class="pp-class-382 pa t29811 l3 ls806">significant </span><span class="pp-class-382 pa t29811 l53109 ls296">customers </span><span class="pp-class-382 pa t29811 l30611 ls800">are </span><span class="pp-class-382 pa t29811 l49855 ls1321">performed. </span><span class="pp-class-382 pa t29811 l35941 ls6360">Write-downs </span><span class="pp-class-382 pa t29811 l53110 ls1080">on </span><span class="pp-class-382 pa t29811 l53111 ls646">trade </span><span class="pp-class-382 pa t29811 l53112 ls2787">receivables </span><span class="pp-class-382 pa t29811 l53113 ls800">are </span><span class="pp-class-382 pa t29811 l53114 ls1759">based </span><span class="pp-class-382 pa t29811 l53115 ls1080">on </span><span class="pp-class-382 pa t29811 l53116 ls1099">the </span><span class="pp-class-382 pa t29811 l53117 ls869">simplified </span><span class="pp-class-382 pa t29824 l3 ls828">expected </span><span class="pp-class-382 pa t29824 l53049 ls1083">credit </span><span class="pp-class-382 pa t29824 l53050 ls1323">loss </span><span class="pp-class-382 pa t29824 l29960 ls2486">model. </span><span class="pp-class-382 pa t29824 l53118 ls1083">Credit </span><span class="pp-class-382 pa t29824 l53119 ls1323">loss </span><span class="pp-class-382 pa t29824 l53120 ls852">allowances </span><span class="pp-class-382 pa t29824 l53121 ls1080">on </span><span class="pp-class-382 pa t29824 l53122 ls819">individual </span><span class="pp-class-382 pa t29824 l53123 ls2787">receivables </span><span class="pp-class-382 pa t29824 l52397 ls800">are </span><span class="pp-class-382 pa t29824 l53124 ls3377">provided </span><span class="pp-class-382 pa t29824 l53125 ls3278">for </span><span class="pp-class-382 pa t29824 l53126 ls1955">when </span><span class="pp-class-382 pa t29836 l3 ls2970">objective </span><span class="pp-class-382 pa t29836 l53127 ls688">indications </span><span class="pp-class-382 pa t29836 l53128 ls103">of </span><span class="pp-class-382 pa t29836 l43932 ls1083">credit </span><span class="pp-class-382 pa t29836 l53129 ls2486">losses </span><span class="pp-class-382 pa t29836 l53130 ls1759">occur </span><span class="pp-class-382 pa t29836 l32131 ls1323">such </span><span class="pp-class-382 pa t29836 l53131 ls1080">as </span><span class="pp-class-382 pa t29836 l53132 ls296">customer </span><span class="pp-class-382 pa t29836 l53133 ls1244">bankruptcy </span><span class="pp-class-382 pa t29836 l53134 ls1099">and </span><span class="pp-class-382 pa t29836 l53135 ls1237">uncertainty </span><span class="pp-class-382 pa t29836 l53136 ls1759">about </span><span class="pp-class-382 pa t29836 l53137 ls302">the </span><span class="pp-class-382 pa t29849 l3 ls806">customers’ </span><span class="pp-class-382 pa t29849 l22786 ls1237">ability </span><span class="pp-class-382 pa t29849 l53138 ls2147">and/or </span><span class="pp-class-382 pa t29849 l44791 ls1118">willingness </span><span class="pp-class-382 pa t29849 l53139 ls1759">to </span><span class="pp-class-382 pa t29849 l53140 ls8634">pay, </span><span class="pp-class-382 pa t29849 l53141 ls1868">etc. </span><span class="pp-class-382 pa t29849 l53142 ls1080">In </span><span class="pp-class-382 pa t29849 l51466 ls1772">addition </span><span class="pp-class-382 pa t29849 l53143 ls1759">to </span><span class="pp-class-382 pa t29849 l53144 ls1759">this, </span><span class="pp-class-382 pa t29849 l53145 ls852">allowances </span><span class="pp-class-382 pa t29849 l53146 ls3278">for </span><span class="pp-class-382 pa t29849 l53147 ls828">expected </span><span class="pp-class-382 pa t29849 l53148 ls3477">credit </span><span class="pp-class-382 pa t29853 l3 ls2486">losses </span><span class="pp-class-382 pa t29853 l16285 ls800">are </span><span class="pp-class-382 pa t29853 l5176 ls1772">made </span><span class="pp-class-382 pa t29853 l53149 ls1080">on </span><span class="pp-class-382 pa t29853 l30865 ls858">the </span><span class="pp-class-382 pa t29853 l53150 ls960">remaining </span><span class="pp-class-382 pa t29853 l53151 ls646">trade </span><span class="pp-class-382 pa t29853 l50522 ls2787">receivables </span><span class="pp-class-382 pa t29853 l53152 ls1759">based </span><span class="pp-class-382 pa t29853 l53153 ls1080">on </span><span class="pp-class-382 pa t29853 l53154 ls302">a </span><span class="pp-class-382 pa t29853 l53155 ls819">simplified </span><span class="pp-class-382 pa t29853 l53156 ls6007">approach. </span><span class="pp-class-382 pa t29853 l53157 ls2848">Work </span><span class="pp-class-382 pa t29853 l53158 ls278">in </span><span class="pp-class-382 pa t29866 l3 ls3435">progress </span><span class="pp-class-382 pa t29866 l44502 ls1099">services </span><span class="pp-class-382 pa t29866 l48409 ls1080">is </span><span class="pp-class-382 pa t29866 l53159 ls8853">measured </span><span class="pp-class-382 pa t29866 l53160 ls1759">based </span><span class="pp-class-382 pa t29866 l53161 ls1080">on </span><span class="pp-class-382 pa t29866 l53162 ls858">the </span><span class="pp-class-382 pa t29866 l53163 ls1083">value </span><span class="pp-class-382 pa t29866 l53164 ls103">of </span><span class="pp-class-382 pa t29866 l53165 ls858">the </span><span class="pp-class-382 pa t29866 l53166 ls103">of </span><span class="pp-class-382 pa t29866 l53167 ls858">the </span><span class="pp-class-382 pa t29866 l53168 ls960">work </span><span class="pp-class-382 pa t29866 l53169 ls1321">performed </span><span class="pp-class-382 pa t29866 l53170 ls1080">as </span><span class="pp-class-382 pa t29866 l53171 ls103">of </span><span class="pp-class-382 pa t29866 l53172 ls1099">the </span><span class="pp-class-382 pa t29866 l53173 ls858">balance </span><span class="pp-class-382 pa t36841 l3 ls296">sheet </span><span class="pp-class-382 pa t36841 l53174 ls2688">date. </span><span class="pp-class-382 pa t36841 l2297 ls6360">Write-downs </span><span class="pp-class-382 pa t36841 l40345 ls858">and </span><span class="pp-class-382 pa t36841 l53175 ls8853">realised </span><span class="pp-class-382 pa t36841 l53176 ls2486">losses </span><span class="pp-class-382 pa t36841 l53177 ls1080">on </span><span class="pp-class-382 pa t36841 l47152 ls646">trade </span><span class="pp-class-382 pa t36841 l44179 ls2787">receivables </span><span class="pp-class-382 pa t36841 l51889 ls858">and </span><span class="pp-class-382 pa t36841 l53178 ls960">work </span><span class="pp-class-382 pa t36841 l53179 ls1080">in </span><span class="pp-class-382 pa t36841 l53180 ls3435">progress </span><span class="pp-class-382 pa t36841 l53181 ls1099">services </span><span class="pp-class-382 pa t36841 l53182 ls2970">are </span><span class="pp-class-382 pa t29875 l3 ls2970">recognised </span><span class="pp-class-382 pa t29875 l44565 ls1080">in </span><span class="pp-class-382 pa t29875 l44566 ls869">ferry </span><span class="pp-class-382 pa t29875 l16609 ls1099">and </span><span class="pp-class-382 pa t29875 l53183 ls296">other </span><span class="pp-class-382 pa t29875 l53184 ls1323">ship </span><span class="pp-class-382 pa t29875 l5186 ls2760">operation </span><span class="pp-class-382 pa t29875 l10842 ls858">and </span><span class="pp-class-382 pa t29875 l53185 ls1701">maintenance </span><span class="pp-class-382 pa t29875 l53186 ls1759">costs </span><span class="pp-class-382 pa t29875 l53187 ls1080">in </span><span class="pp-class-382 pa t29875 l53188 ls858">the </span><span class="pp-class-382 pa t29875 l53189 ls2486">income </span><span class="pp-class-382 pa t29875 l53190 ls2889">statement. </span><span class="pp-class-382 pa t29875 l53191 ls1080">Other </span><span class="pp-class-382 pa t29878 l3 ls2787">receivables </span><span class="pp-class-382 pa t29878 l53192 ls2694">comprise </span><span class="pp-class-382 pa t29878 l53193 ls296">other </span><span class="pp-class-382 pa t29878 l53194 ls646">trade </span><span class="pp-class-382 pa t29878 l53195 ls6007">receivables; </span><span class="pp-class-382 pa t29878 l8328 ls960">insurance </span><span class="pp-class-382 pa t29878 l53196 ls2787">receivables </span><span class="pp-class-382 pa t29878 l53197 ls1080">on </span><span class="pp-class-382 pa t29878 l53198 ls1323">loss </span><span class="pp-class-382 pa t29878 l53199 ls1080">or </span><span class="pp-class-382 pa t29878 l53200 ls1772">damage </span><span class="pp-class-382 pa t29878 l53201 ls103">of </span><span class="pp-class-382 pa t29878 l53202 ls2489">ferries </span><span class="pp-class-382 pa t29878 l53203 ls302">and </span><span class="pp-class-382 pa t29891 l3 ls296">other </span><span class="pp-class-382 pa t29891 l43926 ls2486">ships; </span><span class="pp-class-382 pa t29891 l48168 ls1073">financial </span><span class="pp-class-382 pa t29891 l4384 ls1759">lease </span><span class="pp-class-382 pa t29891 l30151 ls6007">receivables; </span><span class="pp-class-382 pa t29891 l53204 ls3474">outstanding </span><span class="pp-class-382 pa t29891 l53205 ls2694">balances </span><span class="pp-class-382 pa t29891 l53206 ls3278">for </span><span class="pp-class-382 pa t29891 l53207 ls1101">chartered </span><span class="pp-class-382 pa t29891 l53208 ls1321">ferries; </span><span class="pp-class-382 pa t29891 l53209 ls5069">interest </span><span class="pp-class-382 pa t29902 l3 ls7694">receivable, </span><span class="pp-class-382 pa t29902 l53210 ls2944">etc.</span></p></div></div></div></div></div> <div id="pp-id-5206" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h52931 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l3 ls2787">Trade </span><span class="pp-class-373 pa t30329 l52932 ls1326">receivables </span><span class="pp-class-373 pa t30329 l21250 ls68">that </span><span class="pp-class-373 pa t30329 l52933 ls671">are </span><span class="pp-class-373 pa t30329 l52934">past </span><span class="pp-class-373 pa t30329 l179 ls150">due, </span><span class="pp-class-373 pa t30329 l52935">but </span><span class="pp-class-373 pa t30329 l52936 ls813">not </span><span class="pp-class-373 pa t30329 l52937 ls1264">impaired:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48618 l3 ls230">Days </span><span class="pp-class-372 pa t48618 l52938">past </span><span class="pp-class-372 pa t48618 l43329">due:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48622 l3">Up </span><span class="pp-class-372 pa t48622 l52939 ls166">to </span><span class="pp-class-372 pa t48622 l12851">30 </span><span class="pp-class-372 pa t48622 l52940 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48622 l50818">426</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48622 l46628">465</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48625 l3 ls3477">31-60 </span><span class="pp-class-372 pa t48625 l52941 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48625 l52942 ls2970">73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48625 l52943 ls1955">207</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52944 l3 ls3477">61-90 </span><span class="pp-class-372 pa t52944 l52945 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52944 l50356">28</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52944 l47303">23</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52946 l3 ls1319">91-120 </span><span class="pp-class-372 pa t52946 l52947 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52946 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52946 l52948">15</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52949 l3 ls931">More </span><span class="pp-class-372 pa t52949 l52950">than </span><span class="pp-class-372 pa t52949 l52951">120 </span><span class="pp-class-372 pa t52949 l52952 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52949 l52953">96</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52949 l52954">58</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52955 l3 ls813">Past </span><span class="pp-class-373 pa t52955 l52956">due </span><span class="pp-class-373 pa t52955 l41239 ls1323">at </span><span class="pp-class-373 pa t52955 l52957">31 </span><span class="pp-class-373 pa t52955 l11321">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52955 l52958 ls278">624</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52955 l52959 ls1271">769</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52960 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-369 pa t52960 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52960 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48641 l3">DKK </span><span class="pp-class-372 pa t48641 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48641 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48641 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52961 l3 ls882">Movements </span><span class="pp-class-373 pa t52961 l21857">in </span><span class="pp-class-373 pa t52961 l52962 ls813">write-downs, </span><span class="pp-class-373 pa t52961 l52963">which </span><span class="pp-class-373 pa t52961 l52964 ls671">are </span><span class="pp-class-373 pa t52961 l52965 ls2329">included </span><span class="pp-class-373 pa t52961 l52966">in </span><span class="pp-class-373 pa t52961 l52967">the </span><span class="pp-class-373 pa t52961 l52968 ls225">trade </span><span class="pp-class-373 pa t52961 l52969 ls1326">receivables:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52970 l3 ls947">Write-downs </span><span class="pp-class-372 pa t52970 l52971 ls2835">at </span><span class="pp-class-372 pa t52970 l42574">1 </span><span class="pp-class-372 pa t52970 l52972 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52970 l52942 ls2970">73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52970 l47202 ls2143">70</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52973 l3 ls704">Addition </span><span class="pp-class-372 pa t52973 l47664">on </span><span class="pp-class-372 pa t52973 l47665 ls37">acquisition </span><span class="pp-class-372 pa t52973 l47666 ls287">of </span><span class="pp-class-372 pa t52973 l47667 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52973 l52974 ls302">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52973 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52975 l3 ls81">Write-downs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52975 l52976">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52975 l47199">53</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52977 l3">Realised </span><span class="pp-class-372 pa t52977 l3235">losses</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52977 l52978">-12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52977 l42482">-21</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52979 l3 ls16">Reversed </span><span class="pp-class-372 pa t52979 l52980 ls907">write-downs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52979 l52981">-21</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52979 l52982">-28</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52983 l3 ls278">Write-downs </span><span class="pp-class-373 pa t52983 l44308 ls1323">at </span><span class="pp-class-373 pa t52983 l52984">31 </span><span class="pp-class-373 pa t52983 l52985">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52983 l52986">83</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52983 l48863 ls296">73</span></p></td></tr></table></div></div><div id="pp-id-5209" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h16147 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-370 pa t21055 l3 ls85">3.2.1 </span><span class="pp-class-370 pa t21055 l43638 ls180">Receivables </span><span class="pp-class-371 pa t21055 l52987 ls155">(continued)</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3 ls1955">Age </span><span class="pp-class-373 pa t42308 l19071">distribution </span><span class="pp-class-373 pa t42308 l52988">of </span><span class="pp-class-373 pa t42308 l52989 ls37">write-downs:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3 ls230">Days </span><span class="pp-class-372 pa t43125 l52938">past </span><span class="pp-class-372 pa t43125 l43329">due:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3">Up </span><span class="pp-class-372 pa t22670 l52939 ls166">to </span><span class="pp-class-372 pa t22670 l12851">30 </span><span class="pp-class-372 pa t22670 l52940 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l52990">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l52991">7</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l3 ls3477">31-60 </span><span class="pp-class-372 pa t43136 l52941 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l3 ls3477">61-90 </span><span class="pp-class-372 pa t43142 l52945 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l3 ls1319">91-120 </span><span class="pp-class-372 pa t19778 l52947 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l46596">11</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43147 l3 ls931">More </span><span class="pp-class-372 pa t43147 l52950">than </span><span class="pp-class-372 pa t43147 l52951">120 </span><span class="pp-class-372 pa t43147 l52952 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43147 l52992 ls33100">74</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43147 l52993">55</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43151 l3 ls278">Write-downs </span><span class="pp-class-373 pa t43151 l44308 ls1323">at </span><span class="pp-class-373 pa t43151 l52984">31 </span><span class="pp-class-373 pa t43151 l52985">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43151 l52986">83</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43151 l48863 ls296">73</span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t52994 l3 ls858">The </span><span class="pp-class-382 pa t52994 l16631 ls1323">last </span><span class="pp-class-382 pa t52994 l52995 ls960">five </span><span class="pp-class-382 pa t52994 l52996 ls2142">years </span><span class="pp-class-382 pa t52994 l47987 ls1759">DFDS’ </span><span class="pp-class-382 pa t52994 l12421 ls8853">realised </span><span class="pp-class-382 pa t52994 l52997 ls1083">credit </span><span class="pp-class-382 pa t52994 l52998 ls2486">losses </span><span class="pp-class-382 pa t52994 l52999 ls1080">on </span><span class="pp-class-382 pa t52994 l53000 ls646">trade </span><span class="pp-class-382 pa t52994 l53001 ls2787">receivables </span><span class="pp-class-382 pa t52994 l53002 ls185">have </span><span class="pp-class-382 pa t52994 l53003 ls1323">been </span><span class="pp-class-382 pa t52994 l53004 ls296">insignificant </span><span class="pp-class-382 pa t52994 l53005 ls858">and </span><span class="pp-class-382 pa t52994 l53006 ls1099">the </span><span class="pp-class-382 pa t52994 l53007 ls1323">loss </span><span class="pp-class-382 pa t52994 l53008 ls3216">rate </span><span class="pp-class-382 pa t52994 l53009 ls278">is </span><span class="pp-class-382 pa t53010 l3 ls2142">below </span><span class="pp-class-382 pa t53010 l53011 ls2805">0.1% </span><span class="pp-class-382 pa t53010 l34326 ls2486">(2023: </span><span class="pp-class-382 pa t53010 l53012 ls2147">0.1%) </span><span class="pp-class-382 pa t53010 l16226 ls103">of </span><span class="pp-class-382 pa t53010 l53013 ls858">the </span><span class="pp-class-382 pa t53010 l37307 ls2143">revenue </span><span class="pp-class-382 pa t53010 l53014 ls1080">in </span><span class="pp-class-382 pa t53010 l53015 ls3278">any </span><span class="pp-class-382 pa t53010 l53016 ls103">of </span><span class="pp-class-382 pa t53010 l53017 ls1099">the </span><span class="pp-class-382 pa t53010 l47538 ls2531">respective </span><span class="pp-class-382 pa t53010 l53018 ls2889">years. </span><span class="pp-class-382 pa t53010 l53019 ls858">The </span><span class="pp-class-382 pa t53010 l53020 ls1237">changes </span><span class="pp-class-382 pa t53010 l53021 ls1080">in </span><span class="pp-class-382 pa t53010 l53022 ls8853">payment </span><span class="pp-class-382 pa t53010 l53023 ls1868">pattern </span><span class="pp-class-382 pa t53024 l3 ls830">continue </span><span class="pp-class-382 pa t53024 l53025 ls1759">to </span><span class="pp-class-382 pa t53024 l53026 ls1080">be </span><span class="pp-class-382 pa t53024 l42470 ls296">insignificant </span><span class="pp-class-382 pa t53024 l53027 ls858">and </span><span class="pp-class-382 pa t53024 l53028 ls1083">at </span><span class="pp-class-382 pa t53024 l53029 ls1099">the </span><span class="pp-class-382 pa t53024 l53030 ls1323">same </span><span class="pp-class-382 pa t53024 l53031 ls646">level </span><span class="pp-class-382 pa t53024 l53032 ls1080">as </span><span class="pp-class-382 pa t53024 l53033 ls3377">previous </span><span class="pp-class-382 pa t53024 l53034 ls2142">years.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t53035 l3 ls3190">Accordingly, </span><span class="pp-class-382 pa t53035 l53036 ls1083">at </span><span class="pp-class-382 pa t53035 l53037 ls2760">year-end </span><span class="pp-class-382 pa t53035 l53038 ls1150">2024 </span><span class="pp-class-382 pa t53035 l38630 ls858">the </span><span class="pp-class-382 pa t53035 l53039 ls828">expected </span><span class="pp-class-382 pa t53035 l28867 ls1083">credit </span><span class="pp-class-382 pa t53035 l53040 ls2486">losses </span><span class="pp-class-382 pa t53035 l53041 ls1080">on </span><span class="pp-class-382 pa t53035 l53042 ls646">trade </span><span class="pp-class-382 pa t53035 l53043 ls2787">receivables </span><span class="pp-class-382 pa t53035 l53044 ls803">calculated </span><span class="pp-class-382 pa t53035 l53045 ls1759">under </span><span class="pp-class-382 pa t53035 l53046 ls1099">the </span><span class="pp-class-382 pa t53035 l53047 ls869">simplified </span><span class="pp-class-382 pa t53048 l3 ls828">expected </span><span class="pp-class-382 pa t53048 l53049 ls1083">credit </span><span class="pp-class-382 pa t53048 l53050 ls1323">loss </span><span class="pp-class-382 pa t53048 l29960 ls1759">model </span><span class="pp-class-382 pa t53048 l53051 ls1080">is </span><span class="pp-class-382 pa t53048 l53052 ls1759">based </span><span class="pp-class-382 pa t53048 l53053 ls1080">on </span><span class="pp-class-382 pa t53048 l53054 ls858">the </span><span class="pp-class-382 pa t53048 l53055 ls2796">average </span><span class="pp-class-382 pa t53048 l53056 ls238">historical </span><span class="pp-class-382 pa t53048 l53057 ls1323">loss </span><span class="pp-class-382 pa t53048 l51849 ls3216">rate </span><span class="pp-class-382 pa t53048 l53058 ls1080">on </span><span class="pp-class-382 pa t53048 l46593 ls2143">revenue </span><span class="pp-class-382 pa t53048 l53059 ls3278">for </span><span class="pp-class-382 pa t53048 l53060 ls1099">the </span><span class="pp-class-382 pa t53048 l53061 ls1323">last </span><span class="pp-class-382 pa t53048 l53062 ls960">five </span><span class="pp-class-382 pa t53048 l44240 ls2142">years </span><span class="pp-class-382 pa t53048 l53063 ls134">of </span><span class="pp-class-382 pa t53064 l3 ls742">0.0% </span><span class="pp-class-382 pa t53064 l43692 ls2486">(2023: </span><span class="pp-class-382 pa t53064 l53065 ls16997">0.0%) </span><span class="pp-class-382 pa t53064 l53066 ls830">plus </span><span class="pp-class-382 pa t53064 l53067 ls3278">adjustments </span><span class="pp-class-382 pa t53064 l40553 ls3278">for </span><span class="pp-class-382 pa t53064 l53068 ls2970">forward-looking </span><span class="pp-class-382 pa t53064 l53069 ls2787">factors </span><span class="pp-class-382 pa t53064 l53070 ls2848">were </span><span class="pp-class-382 pa t53064 l53071 ls2970">considered </span><span class="pp-class-382 pa t53064 l31677 ls2459">relevant.</span></p><div id="pp-id-5208"><div class="pp-class-363 pp-class-395" id="pp-id-5207"><div class="w37231 h53072 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls5039">Receivables </span><span class="pp-class-382 pa t29793 l53073 ls800">are </span><span class="pp-class-382 pa t29793 l53074 ls2970">recognised </span><span class="pp-class-382 pa t29793 l53075 ls1083">at </span><span class="pp-class-382 pa t29793 l53076 ls1257">amortised </span><span class="pp-class-382 pa t29793 l53077 ls1323">cost </span><span class="pp-class-382 pa t29793 l53078 ls1323">less </span><span class="pp-class-382 pa t29793 l53079 ls828">expected </span><span class="pp-class-382 pa t29793 l18687 ls1083">credit </span><span class="pp-class-382 pa t29793 l53080 ls1237">losses. </span><span class="pp-class-382 pa t29793 l53081 ls1759">DFDS’ </span><span class="pp-class-382 pa t29793 l53082 ls2970">risks </span><span class="pp-class-382 pa t29793 l44191 ls1243">regarding </span><span class="pp-class-382 pa t29798 l3 ls646">trade </span><span class="pp-class-382 pa t29798 l53083 ls2787">receivables </span><span class="pp-class-382 pa t29798 l53084 ls800">are </span><span class="pp-class-382 pa t29798 l53085 ls830">not </span><span class="pp-class-382 pa t29798 l53086 ls2970">considered </span><span class="pp-class-382 pa t29798 l53087 ls1237">unusual </span><span class="pp-class-382 pa t29798 l53088 ls858">and </span><span class="pp-class-382 pa t29798 l53089 ls1080">no </span><span class="pp-class-382 pa t29798 l53090 ls2142">material </span><span class="pp-class-382 pa t29798 l53091 ls1323">risk </span><span class="pp-class-382 pa t29798 l53092 ls1080">is </span><span class="pp-class-382 pa t29798 l53093 ls1148">attributable </span><span class="pp-class-382 pa t29798 l53094 ls1759">to </span><span class="pp-class-382 pa t29798 l53095 ls302">a </span><span class="pp-class-382 pa t29798 l53096 ls2486">single </span><span class="pp-class-382 pa t29798 l53097 ls1759">customer </span><span class="pp-class-382 pa t36806 l3 ls1080">or </span><span class="pp-class-382 pa t36806 l53098 ls2784">group </span><span class="pp-class-382 pa t36806 l46498 ls103">of </span><span class="pp-class-382 pa t36806 l17609 ls238">customers. </span><span class="pp-class-382 pa t36806 l53099 ls4305">According </span><span class="pp-class-382 pa t36806 l10450 ls1759">to </span><span class="pp-class-382 pa t36806 l53100 ls1099">the </span><span class="pp-class-382 pa t36806 l53101 ls1015">Group’s </span><span class="pp-class-382 pa t36806 l53102 ls2889">policy </span><span class="pp-class-382 pa t36806 l53103 ls103">of </span><span class="pp-class-382 pa t36806 l53104 ls2486">undertaking </span><span class="pp-class-382 pa t36806 l53105 ls1083">credit </span><span class="pp-class-382 pa t36806 l53106 ls2142">risks, </span><span class="pp-class-382 pa t36806 l53107 ls806">assessment </span><span class="pp-class-382 pa t36806 l53108 ls134">of </span><span class="pp-class-382 pa t29811 l3 ls806">significant </span><span class="pp-class-382 pa t29811 l53109 ls296">customers </span><span class="pp-class-382 pa t29811 l30611 ls800">are </span><span class="pp-class-382 pa t29811 l49855 ls1321">performed. </span><span class="pp-class-382 pa t29811 l35941 ls6360">Write-downs </span><span class="pp-class-382 pa t29811 l53110 ls1080">on </span><span class="pp-class-382 pa t29811 l53111 ls646">trade </span><span class="pp-class-382 pa t29811 l53112 ls2787">receivables </span><span class="pp-class-382 pa t29811 l53113 ls800">are </span><span class="pp-class-382 pa t29811 l53114 ls1759">based </span><span class="pp-class-382 pa t29811 l53115 ls1080">on </span><span class="pp-class-382 pa t29811 l53116 ls1099">the </span><span class="pp-class-382 pa t29811 l53117 ls869">simplified </span><span class="pp-class-382 pa t29824 l3 ls828">expected </span><span class="pp-class-382 pa t29824 l53049 ls1083">credit </span><span class="pp-class-382 pa t29824 l53050 ls1323">loss </span><span class="pp-class-382 pa t29824 l29960 ls2486">model. </span><span class="pp-class-382 pa t29824 l53118 ls1083">Credit </span><span class="pp-class-382 pa t29824 l53119 ls1323">loss </span><span class="pp-class-382 pa t29824 l53120 ls852">allowances </span><span class="pp-class-382 pa t29824 l53121 ls1080">on </span><span class="pp-class-382 pa t29824 l53122 ls819">individual </span><span class="pp-class-382 pa t29824 l53123 ls2787">receivables </span><span class="pp-class-382 pa t29824 l52397 ls800">are </span><span class="pp-class-382 pa t29824 l53124 ls3377">provided </span><span class="pp-class-382 pa t29824 l53125 ls3278">for </span><span class="pp-class-382 pa t29824 l53126 ls1955">when </span><span class="pp-class-382 pa t29836 l3 ls2970">objective </span><span class="pp-class-382 pa t29836 l53127 ls688">indications </span><span class="pp-class-382 pa t29836 l53128 ls103">of </span><span class="pp-class-382 pa t29836 l43932 ls1083">credit </span><span class="pp-class-382 pa t29836 l53129 ls2486">losses </span><span class="pp-class-382 pa t29836 l53130 ls1759">occur </span><span class="pp-class-382 pa t29836 l32131 ls1323">such </span><span class="pp-class-382 pa t29836 l53131 ls1080">as </span><span class="pp-class-382 pa t29836 l53132 ls296">customer </span><span class="pp-class-382 pa t29836 l53133 ls1244">bankruptcy </span><span class="pp-class-382 pa t29836 l53134 ls1099">and </span><span class="pp-class-382 pa t29836 l53135 ls1237">uncertainty </span><span class="pp-class-382 pa t29836 l53136 ls1759">about </span><span class="pp-class-382 pa t29836 l53137 ls302">the </span><span class="pp-class-382 pa t29849 l3 ls806">customers’ </span><span class="pp-class-382 pa t29849 l22786 ls1237">ability </span><span class="pp-class-382 pa t29849 l53138 ls2147">and/or </span><span class="pp-class-382 pa t29849 l44791 ls1118">willingness </span><span class="pp-class-382 pa t29849 l53139 ls1759">to </span><span class="pp-class-382 pa t29849 l53140 ls8634">pay, </span><span class="pp-class-382 pa t29849 l53141 ls1868">etc. </span><span class="pp-class-382 pa t29849 l53142 ls1080">In </span><span class="pp-class-382 pa t29849 l51466 ls1772">addition </span><span class="pp-class-382 pa t29849 l53143 ls1759">to </span><span class="pp-class-382 pa t29849 l53144 ls1759">this, </span><span class="pp-class-382 pa t29849 l53145 ls852">allowances </span><span class="pp-class-382 pa t29849 l53146 ls3278">for </span><span class="pp-class-382 pa t29849 l53147 ls828">expected </span><span class="pp-class-382 pa t29849 l53148 ls3477">credit </span><span class="pp-class-382 pa t29853 l3 ls2486">losses </span><span class="pp-class-382 pa t29853 l16285 ls800">are </span><span class="pp-class-382 pa t29853 l5176 ls1772">made </span><span class="pp-class-382 pa t29853 l53149 ls1080">on </span><span class="pp-class-382 pa t29853 l30865 ls858">the </span><span class="pp-class-382 pa t29853 l53150 ls960">remaining </span><span class="pp-class-382 pa t29853 l53151 ls646">trade </span><span class="pp-class-382 pa t29853 l50522 ls2787">receivables </span><span class="pp-class-382 pa t29853 l53152 ls1759">based </span><span class="pp-class-382 pa t29853 l53153 ls1080">on </span><span class="pp-class-382 pa t29853 l53154 ls302">a </span><span class="pp-class-382 pa t29853 l53155 ls819">simplified </span><span class="pp-class-382 pa t29853 l53156 ls6007">approach. </span><span class="pp-class-382 pa t29853 l53157 ls2848">Work </span><span class="pp-class-382 pa t29853 l53158 ls278">in </span><span class="pp-class-382 pa t29866 l3 ls3435">progress </span><span class="pp-class-382 pa t29866 l44502 ls1099">services </span><span class="pp-class-382 pa t29866 l48409 ls1080">is </span><span class="pp-class-382 pa t29866 l53159 ls8853">measured </span><span class="pp-class-382 pa t29866 l53160 ls1759">based </span><span class="pp-class-382 pa t29866 l53161 ls1080">on </span><span class="pp-class-382 pa t29866 l53162 ls858">the </span><span class="pp-class-382 pa t29866 l53163 ls1083">value </span><span class="pp-class-382 pa t29866 l53164 ls103">of </span><span class="pp-class-382 pa t29866 l53165 ls858">the </span><span class="pp-class-382 pa t29866 l53166 ls103">of </span><span class="pp-class-382 pa t29866 l53167 ls858">the </span><span class="pp-class-382 pa t29866 l53168 ls960">work </span><span class="pp-class-382 pa t29866 l53169 ls1321">performed </span><span class="pp-class-382 pa t29866 l53170 ls1080">as </span><span class="pp-class-382 pa t29866 l53171 ls103">of </span><span class="pp-class-382 pa t29866 l53172 ls1099">the </span><span class="pp-class-382 pa t29866 l53173 ls858">balance </span><span class="pp-class-382 pa t36841 l3 ls296">sheet </span><span class="pp-class-382 pa t36841 l53174 ls2688">date. </span><span class="pp-class-382 pa t36841 l2297 ls6360">Write-downs </span><span class="pp-class-382 pa t36841 l40345 ls858">and </span><span class="pp-class-382 pa t36841 l53175 ls8853">realised </span><span class="pp-class-382 pa t36841 l53176 ls2486">losses </span><span class="pp-class-382 pa t36841 l53177 ls1080">on </span><span class="pp-class-382 pa t36841 l47152 ls646">trade </span><span class="pp-class-382 pa t36841 l44179 ls2787">receivables </span><span class="pp-class-382 pa t36841 l51889 ls858">and </span><span class="pp-class-382 pa t36841 l53178 ls960">work </span><span class="pp-class-382 pa t36841 l53179 ls1080">in </span><span class="pp-class-382 pa t36841 l53180 ls3435">progress </span><span class="pp-class-382 pa t36841 l53181 ls1099">services </span><span class="pp-class-382 pa t36841 l53182 ls2970">are </span><span class="pp-class-382 pa t29875 l3 ls2970">recognised </span><span class="pp-class-382 pa t29875 l44565 ls1080">in </span><span class="pp-class-382 pa t29875 l44566 ls869">ferry </span><span class="pp-class-382 pa t29875 l16609 ls1099">and </span><span class="pp-class-382 pa t29875 l53183 ls296">other </span><span class="pp-class-382 pa t29875 l53184 ls1323">ship </span><span class="pp-class-382 pa t29875 l5186 ls2760">operation </span><span class="pp-class-382 pa t29875 l10842 ls858">and </span><span class="pp-class-382 pa t29875 l53185 ls1701">maintenance </span><span class="pp-class-382 pa t29875 l53186 ls1759">costs </span><span class="pp-class-382 pa t29875 l53187 ls1080">in </span><span class="pp-class-382 pa t29875 l53188 ls858">the </span><span class="pp-class-382 pa t29875 l53189 ls2486">income </span><span class="pp-class-382 pa t29875 l53190 ls2889">statement. </span><span class="pp-class-382 pa t29875 l53191 ls1080">Other </span><span class="pp-class-382 pa t29878 l3 ls2787">receivables </span><span class="pp-class-382 pa t29878 l53192 ls2694">comprise </span><span class="pp-class-382 pa t29878 l53193 ls296">other </span><span class="pp-class-382 pa t29878 l53194 ls646">trade </span><span class="pp-class-382 pa t29878 l53195 ls6007">receivables; </span><span class="pp-class-382 pa t29878 l8328 ls960">insurance </span><span class="pp-class-382 pa t29878 l53196 ls2787">receivables </span><span class="pp-class-382 pa t29878 l53197 ls1080">on </span><span class="pp-class-382 pa t29878 l53198 ls1323">loss </span><span class="pp-class-382 pa t29878 l53199 ls1080">or </span><span class="pp-class-382 pa t29878 l53200 ls1772">damage </span><span class="pp-class-382 pa t29878 l53201 ls103">of </span><span class="pp-class-382 pa t29878 l53202 ls2489">ferries </span><span class="pp-class-382 pa t29878 l53203 ls302">and </span><span class="pp-class-382 pa t29891 l3 ls296">other </span><span class="pp-class-382 pa t29891 l43926 ls2486">ships; </span><span class="pp-class-382 pa t29891 l48168 ls1073">financial </span><span class="pp-class-382 pa t29891 l4384 ls1759">lease </span><span class="pp-class-382 pa t29891 l30151 ls6007">receivables; </span><span class="pp-class-382 pa t29891 l53204 ls3474">outstanding </span><span class="pp-class-382 pa t29891 l53205 ls2694">balances </span><span class="pp-class-382 pa t29891 l53206 ls3278">for </span><span class="pp-class-382 pa t29891 l53207 ls1101">chartered </span><span class="pp-class-382 pa t29891 l53208 ls1321">ferries; </span><span class="pp-class-382 pa t29891 l53209 ls5069">interest </span><span class="pp-class-382 pa t29902 l3 ls7694">receivable, </span><span class="pp-class-382 pa t29902 l53210 ls2944">etc.</span></p></div></div></div></div></div> <div id="pp-id-5206" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h52931 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l3 ls2787">Trade </span><span class="pp-class-373 pa t30329 l52932 ls1326">receivables </span><span class="pp-class-373 pa t30329 l21250 ls68">that </span><span class="pp-class-373 pa t30329 l52933 ls671">are </span><span class="pp-class-373 pa t30329 l52934">past </span><span class="pp-class-373 pa t30329 l179 ls150">due, </span><span class="pp-class-373 pa t30329 l52935">but </span><span class="pp-class-373 pa t30329 l52936 ls813">not </span><span class="pp-class-373 pa t30329 l52937 ls1264">impaired:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48618 l3 ls230">Days </span><span class="pp-class-372 pa t48618 l52938">past </span><span class="pp-class-372 pa t48618 l43329">due:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48622 l3">Up </span><span class="pp-class-372 pa t48622 l52939 ls166">to </span><span class="pp-class-372 pa t48622 l12851">30 </span><span class="pp-class-372 pa t48622 l52940 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48622 l50818">426</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48622 l46628">465</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48625 l3 ls3477">31-60 </span><span class="pp-class-372 pa t48625 l52941 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48625 l52942 ls2970">73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48625 l52943 ls1955">207</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52944 l3 ls3477">61-90 </span><span class="pp-class-372 pa t52944 l52945 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52944 l50356">28</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52944 l47303">23</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52946 l3 ls1319">91-120 </span><span class="pp-class-372 pa t52946 l52947 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52946 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52946 l52948">15</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52949 l3 ls931">More </span><span class="pp-class-372 pa t52949 l52950">than </span><span class="pp-class-372 pa t52949 l52951">120 </span><span class="pp-class-372 pa t52949 l52952 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52949 l52953">96</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52949 l52954">58</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52955 l3 ls813">Past </span><span class="pp-class-373 pa t52955 l52956">due </span><span class="pp-class-373 pa t52955 l41239 ls1323">at </span><span class="pp-class-373 pa t52955 l52957">31 </span><span class="pp-class-373 pa t52955 l11321">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52955 l52958 ls278">624</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52955 l52959 ls1271">769</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52960 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-369 pa t52960 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52960 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48641 l3">DKK </span><span class="pp-class-372 pa t48641 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48641 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48641 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52961 l3 ls882">Movements </span><span class="pp-class-373 pa t52961 l21857">in </span><span class="pp-class-373 pa t52961 l52962 ls813">write-downs, </span><span class="pp-class-373 pa t52961 l52963">which </span><span class="pp-class-373 pa t52961 l52964 ls671">are </span><span class="pp-class-373 pa t52961 l52965 ls2329">included </span><span class="pp-class-373 pa t52961 l52966">in </span><span class="pp-class-373 pa t52961 l52967">the </span><span class="pp-class-373 pa t52961 l52968 ls225">trade </span><span class="pp-class-373 pa t52961 l52969 ls1326">receivables:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52970 l3 ls947">Write-downs </span><span class="pp-class-372 pa t52970 l52971 ls2835">at </span><span class="pp-class-372 pa t52970 l42574">1 </span><span class="pp-class-372 pa t52970 l52972 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52970 l52942 ls2970">73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52970 l47202 ls2143">70</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52973 l3 ls704">Addition </span><span class="pp-class-372 pa t52973 l47664">on </span><span class="pp-class-372 pa t52973 l47665 ls37">acquisition </span><span class="pp-class-372 pa t52973 l47666 ls287">of </span><span class="pp-class-372 pa t52973 l47667 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52973 l52974 ls302">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52973 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52975 l3 ls81">Write-downs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52975 l52976">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52975 l47199">53</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52977 l3">Realised </span><span class="pp-class-372 pa t52977 l3235">losses</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52977 l52978">-12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52977 l42482">-21</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52979 l3 ls16">Reversed </span><span class="pp-class-372 pa t52979 l52980 ls907">write-downs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52979 l52981">-21</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52979 l52982">-28</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52983 l3 ls278">Write-downs </span><span class="pp-class-373 pa t52983 l44308 ls1323">at </span><span class="pp-class-373 pa t52983 l52984">31 </span><span class="pp-class-373 pa t52983 l52985">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52983 l52986">83</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52983 l48863 ls296">73</span></p></td></tr></table></div></div><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-370 pa t21055 l3 ls85">3.2.1 </span><span class="pp-class-370 pa t21055 l43638 ls180">Receivables </span><span class="pp-class-371 pa t21055 l52987 ls155">(continued)</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3 ls1955">Age </span><span class="pp-class-373 pa t42308 l19071">distribution </span><span class="pp-class-373 pa t42308 l52988">of </span><span class="pp-class-373 pa t42308 l52989 ls37">write-downs:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3 ls230">Days </span><span class="pp-class-372 pa t43125 l52938">past </span><span class="pp-class-372 pa t43125 l43329">due:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3">Up </span><span class="pp-class-372 pa t22670 l52939 ls166">to </span><span class="pp-class-372 pa t22670 l12851">30 </span><span class="pp-class-372 pa t22670 l52940 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l52990">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l52991">7</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l3 ls3477">31-60 </span><span class="pp-class-372 pa t43136 l52941 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l3 ls3477">61-90 </span><span class="pp-class-372 pa t43142 l52945 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l3 ls1319">91-120 </span><span class="pp-class-372 pa t19778 l52947 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l46596">11</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43147 l3 ls931">More </span><span class="pp-class-372 pa t43147 l52950">than </span><span class="pp-class-372 pa t43147 l52951">120 </span><span class="pp-class-372 pa t43147 l52952 ls3572">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43147 l52992 ls33100">74</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43147 l52993">55</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43151 l3 ls278">Write-downs </span><span class="pp-class-373 pa t43151 l44308 ls1323">at </span><span class="pp-class-373 pa t43151 l52984">31 </span><span class="pp-class-373 pa t43151 l52985">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43151 l52986">83</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43151 l48863 ls296">73</span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t52994 l3 ls858">The </span><span class="pp-class-382 pa t52994 l16631 ls1323">last </span><span class="pp-class-382 pa t52994 l52995 ls960">five </span><span class="pp-class-382 pa t52994 l52996 ls2142">years </span><span class="pp-class-382 pa t52994 l47987 ls1759">DFDS’ </span><span class="pp-class-382 pa t52994 l12421 ls8853">realised </span><span class="pp-class-382 pa t52994 l52997 ls1083">credit </span><span class="pp-class-382 pa t52994 l52998 ls2486">losses </span><span class="pp-class-382 pa t52994 l52999 ls1080">on </span><span class="pp-class-382 pa t52994 l53000 ls646">trade </span><span class="pp-class-382 pa t52994 l53001 ls2787">receivables </span><span class="pp-class-382 pa t52994 l53002 ls185">have </span><span class="pp-class-382 pa t52994 l53003 ls1323">been </span><span class="pp-class-382 pa t52994 l53004 ls296">insignificant </span><span class="pp-class-382 pa t52994 l53005 ls858">and </span><span class="pp-class-382 pa t52994 l53006 ls1099">the </span><span class="pp-class-382 pa t52994 l53007 ls1323">loss </span><span class="pp-class-382 pa t52994 l53008 ls3216">rate </span><span class="pp-class-382 pa t52994 l53009 ls278">is </span><span class="pp-class-382 pa t53010 l3 ls2142">below </span><span class="pp-class-382 pa t53010 l53011 ls2805">0.1% </span><span class="pp-class-382 pa t53010 l34326 ls2486">(2023: </span><span class="pp-class-382 pa t53010 l53012 ls2147">0.1%) </span><span class="pp-class-382 pa t53010 l16226 ls103">of </span><span class="pp-class-382 pa t53010 l53013 ls858">the </span><span class="pp-class-382 pa t53010 l37307 ls2143">revenue </span><span class="pp-class-382 pa t53010 l53014 ls1080">in </span><span class="pp-class-382 pa t53010 l53015 ls3278">any </span><span class="pp-class-382 pa t53010 l53016 ls103">of </span><span class="pp-class-382 pa t53010 l53017 ls1099">the </span><span class="pp-class-382 pa t53010 l47538 ls2531">respective </span><span class="pp-class-382 pa t53010 l53018 ls2889">years. </span><span class="pp-class-382 pa t53010 l53019 ls858">The </span><span class="pp-class-382 pa t53010 l53020 ls1237">changes </span><span class="pp-class-382 pa t53010 l53021 ls1080">in </span><span class="pp-class-382 pa t53010 l53022 ls8853">payment </span><span class="pp-class-382 pa t53010 l53023 ls1868">pattern </span><span class="pp-class-382 pa t53024 l3 ls830">continue </span><span class="pp-class-382 pa t53024 l53025 ls1759">to </span><span class="pp-class-382 pa t53024 l53026 ls1080">be </span><span class="pp-class-382 pa t53024 l42470 ls296">insignificant </span><span class="pp-class-382 pa t53024 l53027 ls858">and </span><span class="pp-class-382 pa t53024 l53028 ls1083">at </span><span class="pp-class-382 pa t53024 l53029 ls1099">the </span><span class="pp-class-382 pa t53024 l53030 ls1323">same </span><span class="pp-class-382 pa t53024 l53031 ls646">level </span><span class="pp-class-382 pa t53024 l53032 ls1080">as </span><span class="pp-class-382 pa t53024 l53033 ls3377">previous </span><span class="pp-class-382 pa t53024 l53034 ls2142">years.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t53035 l3 ls3190">Accordingly, </span><span class="pp-class-382 pa t53035 l53036 ls1083">at </span><span class="pp-class-382 pa t53035 l53037 ls2760">year-end </span><span class="pp-class-382 pa t53035 l53038 ls1150">2024 </span><span class="pp-class-382 pa t53035 l38630 ls858">the </span><span class="pp-class-382 pa t53035 l53039 ls828">expected </span><span class="pp-class-382 pa t53035 l28867 ls1083">credit </span><span class="pp-class-382 pa t53035 l53040 ls2486">losses </span><span class="pp-class-382 pa t53035 l53041 ls1080">on </span><span class="pp-class-382 pa t53035 l53042 ls646">trade </span><span class="pp-class-382 pa t53035 l53043 ls2787">receivables </span><span class="pp-class-382 pa t53035 l53044 ls803">calculated </span><span class="pp-class-382 pa t53035 l53045 ls1759">under </span><span class="pp-class-382 pa t53035 l53046 ls1099">the </span><span class="pp-class-382 pa t53035 l53047 ls869">simplified </span><span class="pp-class-382 pa t53048 l3 ls828">expected </span><span class="pp-class-382 pa t53048 l53049 ls1083">credit </span><span class="pp-class-382 pa t53048 l53050 ls1323">loss </span><span class="pp-class-382 pa t53048 l29960 ls1759">model </span><span class="pp-class-382 pa t53048 l53051 ls1080">is </span><span class="pp-class-382 pa t53048 l53052 ls1759">based </span><span class="pp-class-382 pa t53048 l53053 ls1080">on </span><span class="pp-class-382 pa t53048 l53054 ls858">the </span><span class="pp-class-382 pa t53048 l53055 ls2796">average </span><span class="pp-class-382 pa t53048 l53056 ls238">historical </span><span class="pp-class-382 pa t53048 l53057 ls1323">loss </span><span class="pp-class-382 pa t53048 l51849 ls3216">rate </span><span class="pp-class-382 pa t53048 l53058 ls1080">on </span><span class="pp-class-382 pa t53048 l46593 ls2143">revenue </span><span class="pp-class-382 pa t53048 l53059 ls3278">for </span><span class="pp-class-382 pa t53048 l53060 ls1099">the </span><span class="pp-class-382 pa t53048 l53061 ls1323">last </span><span class="pp-class-382 pa t53048 l53062 ls960">five </span><span class="pp-class-382 pa t53048 l44240 ls2142">years </span><span class="pp-class-382 pa t53048 l53063 ls134">of </span><span class="pp-class-382 pa t53064 l3 ls742">0.0% </span><span class="pp-class-382 pa t53064 l43692 ls2486">(2023: </span><span class="pp-class-382 pa t53064 l53065 ls16997">0.0%) </span><span class="pp-class-382 pa t53064 l53066 ls830">plus </span><span class="pp-class-382 pa t53064 l53067 ls3278">adjustments </span><span class="pp-class-382 pa t53064 l40553 ls3278">for </span><span class="pp-class-382 pa t53064 l53068 ls2970">forward-looking </span><span class="pp-class-382 pa t53064 l53069 ls2787">factors </span><span class="pp-class-382 pa t53064 l53070 ls2848">were </span><span class="pp-class-382 pa t53064 l53071 ls2970">considered </span><span class="pp-class-382 pa t53064 l31677 ls2459">relevant.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30615 l3 ls2842">Credit </span><span class="pp-class-383 pa t30615 l55997 ls2401">exposure</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30622 l3 ls1759">DFDS’ </span><span class="pp-class-382 pa t30622 l55811 ls1083">credit </span><span class="pp-class-382 pa t30622 l55998 ls3435">exposure </span><span class="pp-class-382 pa t30622 l55014 ls1080">is </span><span class="pp-class-382 pa t30622 l55999 ls1974">primarily </span><span class="pp-class-382 pa t30622 l56000 ls1148">attributable </span><span class="pp-class-382 pa t30622 l56001 ls1759">to </span><span class="pp-class-382 pa t30622 l51294 ls1271">trade- </span><span class="pp-class-382 pa t30622 l56002 ls858">and </span><span class="pp-class-382 pa t30622 l56003 ls296">other </span><span class="pp-class-382 pa t30622 l56004 ls2787">receivables </span><span class="pp-class-382 pa t30622 l56005 ls1099">and </span><span class="pp-class-382 pa t30622 l56006 ls1759">cash. </span><span class="pp-class-382 pa t30622 l56007 ls1099">The </span><span class="pp-class-382 pa t30622 l56008 ls1150">receivables </span><span class="pp-class-382 pa t30628 l3 ls3474">including </span><span class="pp-class-382 pa t30628 l46167 ls960">work </span><span class="pp-class-382 pa t30628 l56009 ls1080">in </span><span class="pp-class-382 pa t30628 l56010 ls3435">progress </span><span class="pp-class-382 pa t30628 l56011 ls1099">services </span><span class="pp-class-382 pa t30628 l56012 ls800">are </span><span class="pp-class-382 pa t30628 l34537 ls1974">stated </span><span class="pp-class-382 pa t30628 l56013 ls1080">in </span><span class="pp-class-382 pa t30628 l56014 ls1099">the </span><span class="pp-class-382 pa t30628 l56015 ls1237">balance </span><span class="pp-class-382 pa t30628 l56016 ls296">sheet </span><span class="pp-class-382 pa t30628 l56017 ls830">net </span><span class="pp-class-382 pa t30628 l56018 ls103">of </span><span class="pp-class-382 pa t30628 l56019 ls1305">write-downs. </span><span class="pp-class-382 pa t30628 l56020 ls2944">Reference </span><span class="pp-class-382 pa t30628 l56021 ls1080">is </span><span class="pp-class-382 pa t30628 l56022 ls1772">made </span><span class="pp-class-382 pa t30628 l56023 ls302">to </span><span class="pp-class-382 pa t30634 l3 ls1859">note </span><span class="pp-class-382 pa t30634 l56024 ls7094">3.2.1 </span><span class="pp-class-382 pa t30634 l24852 ls3278">for </span><span class="pp-class-382 pa t30634 l17404 ls1110">further </span><span class="pp-class-382 pa t30634 l56025 ls1148">information </span><span class="pp-class-382 pa t30634 l56026 ls1080">on </span><span class="pp-class-382 pa t30634 l56027 ls1237">write-downs </span><span class="pp-class-382 pa t30634 l27117 ls1080">on </span><span class="pp-class-382 pa t30634 l56028 ls646">trade </span><span class="pp-class-382 pa t30634 l56029 ls2787">receivables </span><span class="pp-class-382 pa t30634 l56030 ls858">and </span><span class="pp-class-382 pa t30634 l56031 ls960">work </span><span class="pp-class-382 pa t30634 l51695 ls1080">in </span><span class="pp-class-382 pa t30634 l56032 ls3435">progress </span><span class="pp-class-382 pa t30634 l56033 ls1298">services. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30644 l3 ls4305">According </span><span class="pp-class-382 pa t30644 l43708 ls1759">to </span><span class="pp-class-382 pa t30644 l4846 ls858">the </span><span class="pp-class-382 pa t30644 l56034 ls1015">Group’s </span><span class="pp-class-382 pa t30644 l19062 ls2889">policy </span><span class="pp-class-382 pa t30644 l56035 ls103">of </span><span class="pp-class-382 pa t30644 l56036 ls2486">undertaking </span><span class="pp-class-382 pa t30644 l2528 ls1083">credit </span><span class="pp-class-382 pa t30644 l51976 ls2142">risks, </span><span class="pp-class-382 pa t30644 l56037 ls806">assessments </span><span class="pp-class-382 pa t30644 l56038 ls103">of </span><span class="pp-class-382 pa t30644 l56039 ls858">all </span><span class="pp-class-382 pa t30644 l56040 ls296">customers </span><span class="pp-class-382 pa t30644 l56041 ls1099">and </span><span class="pp-class-382 pa t30644 l56042 ls296">other </span><span class="pp-class-382 pa t30644 l56043 ls1065">partners </span><span class="pp-class-382 pa t30649 l3 ls800">are </span><span class="pp-class-382 pa t30649 l43707 ls1321">performed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t387 l3 ls1759">DFDS’ </span><span class="pp-class-382 pa t387 l55811 ls1083">credit </span><span class="pp-class-382 pa t387 l55998 ls1323">risk </span><span class="pp-class-382 pa t387 l56044 ls15062">towards </span><span class="pp-class-382 pa t387 l56045 ls1073">financial </span><span class="pp-class-382 pa t387 l56046 ls1073">counterparties </span><span class="pp-class-382 pa t387 l56047 ls1974">primarily </span><span class="pp-class-382 pa t387 l56048 ls3458">relates </span><span class="pp-class-382 pa t387 l56049 ls1759">to </span><span class="pp-class-382 pa t387 l56050 ls1323">cash </span><span class="pp-class-382 pa t387 l25242 ls1080">on </span><span class="pp-class-382 pa t387 l56051 ls1323">bank </span><span class="pp-class-382 pa t387 l56052 ls53">accounts </span><span class="pp-class-382 pa t387 l56053 ls858">and </span><span class="pp-class-382 pa t387 l56054 ls4275">positive </span><span class="pp-class-382 pa t30670 l3 ls3623">market </span><span class="pp-class-382 pa t30670 l29346 ls1150">values </span><span class="pp-class-382 pa t30670 l16607 ls103">of </span><span class="pp-class-382 pa t30670 l56055 ls2760">derivatives. </span><span class="pp-class-382 pa t30670 l56056 ls1083">Credit </span><span class="pp-class-382 pa t30670 l56057 ls2486">limits </span><span class="pp-class-382 pa t30670 l56058 ls1080">on </span><span class="pp-class-382 pa t30670 l56059 ls1073">financial </span><span class="pp-class-382 pa t30670 l56060 ls1073">counterparties </span><span class="pp-class-382 pa t30670 l56061 ls800">are </span><span class="pp-class-382 pa t30670 l56062 ls803">calculated </span><span class="pp-class-382 pa t30670 l56063 ls1080">in </span><span class="pp-class-382 pa t30670 l56064 ls852">accordance </span><span class="pp-class-382 pa t30670 l56065 ls1955">with </span><span class="pp-class-382 pa t30676 l3 ls1759">DFDS’ </span><span class="pp-class-382 pa t30676 l55811 ls1073">Financial </span><span class="pp-class-382 pa t30676 l56066 ls2787">Policy </span><span class="pp-class-382 pa t30676 l56067 ls1759">based </span><span class="pp-class-382 pa t30676 l56068 ls1080">on </span><span class="pp-class-382 pa t30676 l42472 ls1083">credit </span><span class="pp-class-382 pa t30676 l56069 ls7094">ratings </span><span class="pp-class-382 pa t30676 l56070 ls1243">from </span><span class="pp-class-382 pa t30676 l56071 ls803">international </span><span class="pp-class-382 pa t30676 l56072 ls1083">credit </span><span class="pp-class-382 pa t30676 l56073 ls3435">rating </span><span class="pp-class-382 pa t30676 l56074 ls1772">agencies. </span><span class="pp-class-382 pa t30676 l56075 ls1083">Credit </span><span class="pp-class-382 pa t30676 l56076 ls7094">ratings </span><span class="pp-class-382 pa t30676 l56077 ls302">and </span><span class="pp-class-382 pa t30682 l3 ls2944">resulting </span><span class="pp-class-382 pa t30682 l35516 ls1083">credit </span><span class="pp-class-382 pa t30682 l56078 ls2486">limits </span><span class="pp-class-382 pa t30682 l32461 ls800">are </span><span class="pp-class-382 pa t30682 l43288 ls2127">monitored </span><span class="pp-class-382 pa t30682 l16634 ls6791">continuously. </span><span class="pp-class-382 pa t30682 l52404 ls4305">According </span><span class="pp-class-382 pa t30682 l56079 ls1759">to </span><span class="pp-class-382 pa t30682 l56080 ls858">the </span><span class="pp-class-382 pa t30682 l50716 ls1073">Financial </span><span class="pp-class-382 pa t30682 l56081 ls2787">Policy </span><span class="pp-class-382 pa t30682 l56082 ls1099">DKK </span><span class="pp-class-382 pa t30682 l56083 ls1323">500m </span><span class="pp-class-382 pa t30682 l56084 ls1080">is </span><span class="pp-class-382 pa t30682 l56085 ls1099">the </span><span class="pp-class-382 pa t30682 l56086 ls858">maximum </span><span class="pp-class-382 pa t30687 l3 ls1243">allowed </span><span class="pp-class-382 pa t30687 l56087 ls1083">credit </span><span class="pp-class-382 pa t30687 l56088 ls1323">risk </span><span class="pp-class-382 pa t30687 l56089 ls15062">towards </span><span class="pp-class-382 pa t30687 l39227 ls302">a </span><span class="pp-class-382 pa t30687 l56090 ls1073">financial </span><span class="pp-class-382 pa t30687 l56091 ls11245">counterparty.</span></p> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls5039">Receivables </span><span class="pp-class-382 pa t29793 l53073 ls800">are </span><span class="pp-class-382 pa t29793 l53074 ls2970">recognised </span><span class="pp-class-382 pa t29793 l53075 ls1083">at </span><span class="pp-class-382 pa t29793 l53076 ls1257">amortised </span><span class="pp-class-382 pa t29793 l53077 ls1323">cost </span><span class="pp-class-382 pa t29793 l53078 ls1323">less </span><span class="pp-class-382 pa t29793 l53079 ls828">expected </span><span class="pp-class-382 pa t29793 l18687 ls1083">credit </span><span class="pp-class-382 pa t29793 l53080 ls1237">losses. </span><span class="pp-class-382 pa t29793 l53081 ls1759">DFDS’ </span><span class="pp-class-382 pa t29793 l53082 ls2970">risks </span><span class="pp-class-382 pa t29793 l44191 ls1243">regarding </span><span class="pp-class-382 pa t29798 l3 ls646">trade </span><span class="pp-class-382 pa t29798 l53083 ls2787">receivables </span><span class="pp-class-382 pa t29798 l53084 ls800">are </span><span class="pp-class-382 pa t29798 l53085 ls830">not </span><span class="pp-class-382 pa t29798 l53086 ls2970">considered </span><span class="pp-class-382 pa t29798 l53087 ls1237">unusual </span><span class="pp-class-382 pa t29798 l53088 ls858">and </span><span class="pp-class-382 pa t29798 l53089 ls1080">no </span><span class="pp-class-382 pa t29798 l53090 ls2142">material </span><span class="pp-class-382 pa t29798 l53091 ls1323">risk </span><span class="pp-class-382 pa t29798 l53092 ls1080">is </span><span class="pp-class-382 pa t29798 l53093 ls1148">attributable </span><span class="pp-class-382 pa t29798 l53094 ls1759">to </span><span class="pp-class-382 pa t29798 l53095 ls302">a </span><span class="pp-class-382 pa t29798 l53096 ls2486">single </span><span class="pp-class-382 pa t29798 l53097 ls1759">customer </span><span class="pp-class-382 pa t36806 l3 ls1080">or </span><span class="pp-class-382 pa t36806 l53098 ls2784">group </span><span class="pp-class-382 pa t36806 l46498 ls103">of </span><span class="pp-class-382 pa t36806 l17609 ls238">customers. </span><span class="pp-class-382 pa t36806 l53099 ls4305">According </span><span class="pp-class-382 pa t36806 l10450 ls1759">to </span><span class="pp-class-382 pa t36806 l53100 ls1099">the </span><span class="pp-class-382 pa t36806 l53101 ls1015">Group’s </span><span class="pp-class-382 pa t36806 l53102 ls2889">policy </span><span class="pp-class-382 pa t36806 l53103 ls103">of </span><span class="pp-class-382 pa t36806 l53104 ls2486">undertaking </span><span class="pp-class-382 pa t36806 l53105 ls1083">credit </span><span class="pp-class-382 pa t36806 l53106 ls2142">risks, </span><span class="pp-class-382 pa t36806 l53107 ls806">assessment </span><span class="pp-class-382 pa t36806 l53108 ls134">of </span><span class="pp-class-382 pa t29811 l3 ls806">significant </span><span class="pp-class-382 pa t29811 l53109 ls296">customers </span><span class="pp-class-382 pa t29811 l30611 ls800">are </span><span class="pp-class-382 pa t29811 l49855 ls1321">performed. </span><span class="pp-class-382 pa t29811 l35941 ls6360">Write-downs </span><span class="pp-class-382 pa t29811 l53110 ls1080">on </span><span class="pp-class-382 pa t29811 l53111 ls646">trade </span><span class="pp-class-382 pa t29811 l53112 ls2787">receivables </span><span class="pp-class-382 pa t29811 l53113 ls800">are </span><span class="pp-class-382 pa t29811 l53114 ls1759">based </span><span class="pp-class-382 pa t29811 l53115 ls1080">on </span><span class="pp-class-382 pa t29811 l53116 ls1099">the </span><span class="pp-class-382 pa t29811 l53117 ls869">simplified </span><span class="pp-class-382 pa t29824 l3 ls828">expected </span><span class="pp-class-382 pa t29824 l53049 ls1083">credit </span><span class="pp-class-382 pa t29824 l53050 ls1323">loss </span><span class="pp-class-382 pa t29824 l29960 ls2486">model. </span><span class="pp-class-382 pa t29824 l53118 ls1083">Credit </span><span class="pp-class-382 pa t29824 l53119 ls1323">loss </span><span class="pp-class-382 pa t29824 l53120 ls852">allowances </span><span class="pp-class-382 pa t29824 l53121 ls1080">on </span><span class="pp-class-382 pa t29824 l53122 ls819">individual </span><span class="pp-class-382 pa t29824 l53123 ls2787">receivables </span><span class="pp-class-382 pa t29824 l52397 ls800">are </span><span class="pp-class-382 pa t29824 l53124 ls3377">provided </span><span class="pp-class-382 pa t29824 l53125 ls3278">for </span><span class="pp-class-382 pa t29824 l53126 ls1955">when </span><span class="pp-class-382 pa t29836 l3 ls2970">objective </span><span class="pp-class-382 pa t29836 l53127 ls688">indications </span><span class="pp-class-382 pa t29836 l53128 ls103">of </span><span class="pp-class-382 pa t29836 l43932 ls1083">credit </span><span class="pp-class-382 pa t29836 l53129 ls2486">losses </span><span class="pp-class-382 pa t29836 l53130 ls1759">occur </span><span class="pp-class-382 pa t29836 l32131 ls1323">such </span><span class="pp-class-382 pa t29836 l53131 ls1080">as </span><span class="pp-class-382 pa t29836 l53132 ls296">customer </span><span class="pp-class-382 pa t29836 l53133 ls1244">bankruptcy </span><span class="pp-class-382 pa t29836 l53134 ls1099">and </span><span class="pp-class-382 pa t29836 l53135 ls1237">uncertainty </span><span class="pp-class-382 pa t29836 l53136 ls1759">about </span><span class="pp-class-382 pa t29836 l53137 ls302">the </span><span class="pp-class-382 pa t29849 l3 ls806">customers’ </span><span class="pp-class-382 pa t29849 l22786 ls1237">ability </span><span class="pp-class-382 pa t29849 l53138 ls2147">and/or </span><span class="pp-class-382 pa t29849 l44791 ls1118">willingness </span><span class="pp-class-382 pa t29849 l53139 ls1759">to </span><span class="pp-class-382 pa t29849 l53140 ls8634">pay, </span><span class="pp-class-382 pa t29849 l53141 ls1868">etc. </span><span class="pp-class-382 pa t29849 l53142 ls1080">In </span><span class="pp-class-382 pa t29849 l51466 ls1772">addition </span><span class="pp-class-382 pa t29849 l53143 ls1759">to </span><span class="pp-class-382 pa t29849 l53144 ls1759">this, </span><span class="pp-class-382 pa t29849 l53145 ls852">allowances </span><span class="pp-class-382 pa t29849 l53146 ls3278">for </span><span class="pp-class-382 pa t29849 l53147 ls828">expected </span><span class="pp-class-382 pa t29849 l53148 ls3477">credit </span><span class="pp-class-382 pa t29853 l3 ls2486">losses </span><span class="pp-class-382 pa t29853 l16285 ls800">are </span><span class="pp-class-382 pa t29853 l5176 ls1772">made </span><span class="pp-class-382 pa t29853 l53149 ls1080">on </span><span class="pp-class-382 pa t29853 l30865 ls858">the </span><span class="pp-class-382 pa t29853 l53150 ls960">remaining </span><span class="pp-class-382 pa t29853 l53151 ls646">trade </span><span class="pp-class-382 pa t29853 l50522 ls2787">receivables </span><span class="pp-class-382 pa t29853 l53152 ls1759">based </span><span class="pp-class-382 pa t29853 l53153 ls1080">on </span><span class="pp-class-382 pa t29853 l53154 ls302">a </span><span class="pp-class-382 pa t29853 l53155 ls819">simplified </span><span class="pp-class-382 pa t29853 l53156 ls6007">approach. </span><span class="pp-class-382 pa t29853 l53157 ls2848">Work </span><span class="pp-class-382 pa t29853 l53158 ls278">in </span><span class="pp-class-382 pa t29866 l3 ls3435">progress </span><span class="pp-class-382 pa t29866 l44502 ls1099">services </span><span class="pp-class-382 pa t29866 l48409 ls1080">is </span><span class="pp-class-382 pa t29866 l53159 ls8853">measured </span><span class="pp-class-382 pa t29866 l53160 ls1759">based </span><span class="pp-class-382 pa t29866 l53161 ls1080">on </span><span class="pp-class-382 pa t29866 l53162 ls858">the </span><span class="pp-class-382 pa t29866 l53163 ls1083">value </span><span class="pp-class-382 pa t29866 l53164 ls103">of </span><span class="pp-class-382 pa t29866 l53165 ls858">the </span><span class="pp-class-382 pa t29866 l53166 ls103">of </span><span class="pp-class-382 pa t29866 l53167 ls858">the </span><span class="pp-class-382 pa t29866 l53168 ls960">work </span><span class="pp-class-382 pa t29866 l53169 ls1321">performed </span><span class="pp-class-382 pa t29866 l53170 ls1080">as </span><span class="pp-class-382 pa t29866 l53171 ls103">of </span><span class="pp-class-382 pa t29866 l53172 ls1099">the </span><span class="pp-class-382 pa t29866 l53173 ls858">balance </span><span class="pp-class-382 pa t36841 l3 ls296">sheet </span><span class="pp-class-382 pa t36841 l53174 ls2688">date. </span><span class="pp-class-382 pa t36841 l2297 ls6360">Write-downs </span><span class="pp-class-382 pa t36841 l40345 ls858">and </span><span class="pp-class-382 pa t36841 l53175 ls8853">realised </span><span class="pp-class-382 pa t36841 l53176 ls2486">losses </span><span class="pp-class-382 pa t36841 l53177 ls1080">on </span><span class="pp-class-382 pa t36841 l47152 ls646">trade </span><span class="pp-class-382 pa t36841 l44179 ls2787">receivables </span><span class="pp-class-382 pa t36841 l51889 ls858">and </span><span class="pp-class-382 pa t36841 l53178 ls960">work </span><span class="pp-class-382 pa t36841 l53179 ls1080">in </span><span class="pp-class-382 pa t36841 l53180 ls3435">progress </span><span class="pp-class-382 pa t36841 l53181 ls1099">services </span><span class="pp-class-382 pa t36841 l53182 ls2970">are </span><span class="pp-class-382 pa t29875 l3 ls2970">recognised </span><span class="pp-class-382 pa t29875 l44565 ls1080">in </span><span class="pp-class-382 pa t29875 l44566 ls869">ferry </span><span class="pp-class-382 pa t29875 l16609 ls1099">and </span><span class="pp-class-382 pa t29875 l53183 ls296">other </span><span class="pp-class-382 pa t29875 l53184 ls1323">ship </span><span class="pp-class-382 pa t29875 l5186 ls2760">operation </span><span class="pp-class-382 pa t29875 l10842 ls858">and </span><span class="pp-class-382 pa t29875 l53185 ls1701">maintenance </span><span class="pp-class-382 pa t29875 l53186 ls1759">costs </span><span class="pp-class-382 pa t29875 l53187 ls1080">in </span><span class="pp-class-382 pa t29875 l53188 ls858">the </span><span class="pp-class-382 pa t29875 l53189 ls2486">income </span><span class="pp-class-382 pa t29875 l53190 ls2889">statement. </span><span class="pp-class-382 pa t29875 l53191 ls1080">Other </span><span class="pp-class-382 pa t29878 l3 ls2787">receivables </span><span class="pp-class-382 pa t29878 l53192 ls2694">comprise </span><span class="pp-class-382 pa t29878 l53193 ls296">other </span><span class="pp-class-382 pa t29878 l53194 ls646">trade </span><span class="pp-class-382 pa t29878 l53195 ls6007">receivables; </span><span class="pp-class-382 pa t29878 l8328 ls960">insurance </span><span class="pp-class-382 pa t29878 l53196 ls2787">receivables </span><span class="pp-class-382 pa t29878 l53197 ls1080">on </span><span class="pp-class-382 pa t29878 l53198 ls1323">loss </span><span class="pp-class-382 pa t29878 l53199 ls1080">or </span><span class="pp-class-382 pa t29878 l53200 ls1772">damage </span><span class="pp-class-382 pa t29878 l53201 ls103">of </span><span class="pp-class-382 pa t29878 l53202 ls2489">ferries </span><span class="pp-class-382 pa t29878 l53203 ls302">and </span><span class="pp-class-382 pa t29891 l3 ls296">other </span><span class="pp-class-382 pa t29891 l43926 ls2486">ships; </span><span class="pp-class-382 pa t29891 l48168 ls1073">financial </span><span class="pp-class-382 pa t29891 l4384 ls1759">lease </span><span class="pp-class-382 pa t29891 l30151 ls6007">receivables; </span><span class="pp-class-382 pa t29891 l53204 ls3474">outstanding </span><span class="pp-class-382 pa t29891 l53205 ls2694">balances </span><span class="pp-class-382 pa t29891 l53206 ls3278">for </span><span class="pp-class-382 pa t29891 l53207 ls1101">chartered </span><span class="pp-class-382 pa t29891 l53208 ls1321">ferries; </span><span class="pp-class-382 pa t29891 l53209 ls5069">interest </span><span class="pp-class-382 pa t29902 l3 ls7694">receivable, </span><span class="pp-class-382 pa t29902 l53210 ls2944">etc.</span></p> <div id="pp-id-5213" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls85">3.2.2 </span><span class="pp-class-370 pa t21055 l43638 ls1733">Inventories</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3 ls138">Bunker</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l53212">195</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l53213 ls4819">217</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l3">Goods </span><span class="pp-class-372 pa t42312 l53214 ls43">for </span><span class="pp-class-372 pa t42312 l53215">sale</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l53216">133</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l53217">129</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l3 ls81">Write-down </span><span class="pp-class-372 pa t42313 l53218 ls287">of </span><span class="pp-class-372 pa t42313 l6300 ls947">inventories </span><span class="pp-class-372 pa t42313 l53219">end </span><span class="pp-class-372 pa t42313 l38121 ls287">of </span><span class="pp-class-372 pa t42313 l53220 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l53221">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l53222">-7</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53223 l3 ls2459">Total </span><span class="pp-class-373 pa t53223 l29712 ls168">inventories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53223 l53224">322</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53223 l46266">339</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t53225 l3 ls81">Write-down </span><span class="pp-class-372 pa t53225 l53218 ls287">of </span><span class="pp-class-372 pa t53225 l6300 ls947">inventories </span><span class="pp-class-372 pa t53225 l53219">during </span><span class="pp-class-372 pa t53225 l3724">the </span><span class="pp-class-372 pa t53225 l53226 ls1326">year </span><span class="pp-class-372 pa t53225 l53227">is </span><span class="pp-class-372 pa t53225 l53228">an </span><span class="pp-class-372 pa t53225 l53229">income </span><span class="pp-class-372 pa t53225 l53230 ls287">of </span><span class="pp-class-372 pa t53225 l53231">DKK </span><span class="pp-class-372 pa t53225 l53232">8m </span><span class="pp-class-372 pa t53225 l53233">(2023: </span><span class="pp-class-372 pa t53225 l53234">income </span><span class="pp-class-372 pa t53225 l53235 ls287">of </span><span class="pp-class-372 pa t53225 l53236">DKK </span><span class="pp-class-372 pa t53225 l53237 ls81">14m) </span><span class="pp-class-372 pa t53225 l53238">due </span><span class="pp-class-372 pa t53225 l53239 ls166">to </span><span class="pp-class-372 pa t53225 l53240 ls1112">reversal </span><span class="pp-class-372 pa t53241 l3 ls287">of </span><span class="pp-class-372 pa t53241 l16702 ls281">previous </span><span class="pp-class-372 pa t53241 l53242 ls76">years' </span><span class="pp-class-372 pa t53241 l17037 ls105">write-downs.</span></p><div id="pp-id-5212"><div class="pp-class-363 pp-class-395" id="pp-id-5210"><div class="w37231 h53243 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls5069">Bunker </span><span class="pp-class-382 pa t29793 l37632 ls1080">is </span><span class="pp-class-382 pa t29793 l13090 ls8853">measured </span><span class="pp-class-382 pa t29793 l53244 ls1083">at </span><span class="pp-class-382 pa t29793 l17643 ls1323">cost </span><span class="pp-class-382 pa t29793 l53245 ls1759">based </span><span class="pp-class-382 pa t29793 l51188 ls1080">on </span><span class="pp-class-382 pa t29793 l53246 ls1099">the </span><span class="pp-class-382 pa t29793 l53247 ls866">FIFO </span><span class="pp-class-382 pa t29793 l53248 ls238">method </span><span class="pp-class-382 pa t29793 l53249 ls1080">or </span><span class="pp-class-382 pa t29793 l53250 ls1099">the </span><span class="pp-class-382 pa t29793 l53251 ls830">net </span><span class="pp-class-382 pa t29793 l53252 ls2970">realisable </span><span class="pp-class-382 pa t29793 l53253 ls1083">value </span><span class="pp-class-382 pa t29793 l53254 ls2784">where </span><span class="pp-class-382 pa t29793 l53255 ls1323">this </span><span class="pp-class-382 pa t29793 l53256 ls1080">is </span><span class="pp-class-382 pa t29793 l53257 ls53258">lower. </span><span class="pp-class-382 pa t29798 l3 ls2142">Catering </span><span class="pp-class-382 pa t29798 l36105 ls2694">supplies </span><span class="pp-class-382 pa t29798 l53259 ls858">and </span><span class="pp-class-382 pa t29798 l53260 ls296">other </span><span class="pp-class-382 pa t29798 l44976 ls1868">inventories </span><span class="pp-class-382 pa t29798 l53261 ls800">are </span><span class="pp-class-382 pa t29798 l53262 ls8853">measured </span><span class="pp-class-382 pa t29798 l53263 ls1083">at </span><span class="pp-class-382 pa t29798 l53264 ls1323">cost </span><span class="pp-class-382 pa t29798 l53265 ls1759">based </span><span class="pp-class-382 pa t29798 l53266 ls1080">on </span><span class="pp-class-382 pa t29798 l44236 ls858">the </span><span class="pp-class-382 pa t29798 l53267 ls8853">weighted </span><span class="pp-class-382 pa t29798 l20598 ls2796">average </span><span class="pp-class-382 pa t29798 l53268 ls1955">cost </span><span class="pp-class-382 pa t36806 l3 ls238">method </span><span class="pp-class-382 pa t36806 l53269 ls1080">or </span><span class="pp-class-382 pa t36806 l50677 ls858">the </span><span class="pp-class-382 pa t36806 l53270 ls830">net </span><span class="pp-class-382 pa t36806 l46051 ls2970">realisable </span><span class="pp-class-382 pa t36806 l53271 ls1083">value </span><span class="pp-class-382 pa t36806 l48457 ls2784">where </span><span class="pp-class-382 pa t36806 l53272 ls1323">this </span><span class="pp-class-382 pa t36806 l53273 ls1080">is </span><span class="pp-class-382 pa t36806 l53274 ls8541">lower.</span></p></div></div></div></div></div> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls5069">Bunker </span><span class="pp-class-382 pa t29793 l37632 ls1080">is </span><span class="pp-class-382 pa t29793 l13090 ls8853">measured </span><span class="pp-class-382 pa t29793 l53244 ls1083">at </span><span class="pp-class-382 pa t29793 l17643 ls1323">cost </span><span class="pp-class-382 pa t29793 l53245 ls1759">based </span><span class="pp-class-382 pa t29793 l51188 ls1080">on </span><span class="pp-class-382 pa t29793 l53246 ls1099">the </span><span class="pp-class-382 pa t29793 l53247 ls866">FIFO </span><span class="pp-class-382 pa t29793 l53248 ls238">method </span><span class="pp-class-382 pa t29793 l53249 ls1080">or </span><span class="pp-class-382 pa t29793 l53250 ls1099">the </span><span class="pp-class-382 pa t29793 l53251 ls830">net </span><span class="pp-class-382 pa t29793 l53252 ls2970">realisable </span><span class="pp-class-382 pa t29793 l53253 ls1083">value </span><span class="pp-class-382 pa t29793 l53254 ls2784">where </span><span class="pp-class-382 pa t29793 l53255 ls1323">this </span><span class="pp-class-382 pa t29793 l53256 ls1080">is </span><span class="pp-class-382 pa t29793 l53257 ls53258">lower. </span><span class="pp-class-382 pa t29798 l3 ls2142">Catering </span><span class="pp-class-382 pa t29798 l36105 ls2694">supplies </span><span class="pp-class-382 pa t29798 l53259 ls858">and </span><span class="pp-class-382 pa t29798 l53260 ls296">other </span><span class="pp-class-382 pa t29798 l44976 ls1868">inventories </span><span class="pp-class-382 pa t29798 l53261 ls800">are </span><span class="pp-class-382 pa t29798 l53262 ls8853">measured </span><span class="pp-class-382 pa t29798 l53263 ls1083">at </span><span class="pp-class-382 pa t29798 l53264 ls1323">cost </span><span class="pp-class-382 pa t29798 l53265 ls1759">based </span><span class="pp-class-382 pa t29798 l53266 ls1080">on </span><span class="pp-class-382 pa t29798 l44236 ls858">the </span><span class="pp-class-382 pa t29798 l53267 ls8853">weighted </span><span class="pp-class-382 pa t29798 l20598 ls2796">average </span><span class="pp-class-382 pa t29798 l53268 ls1955">cost </span><span class="pp-class-382 pa t36806 l3 ls238">method </span><span class="pp-class-382 pa t36806 l53269 ls1080">or </span><span class="pp-class-382 pa t36806 l50677 ls858">the </span><span class="pp-class-382 pa t36806 l53270 ls830">net </span><span class="pp-class-382 pa t36806 l46051 ls2970">realisable </span><span class="pp-class-382 pa t36806 l53271 ls1083">value </span><span class="pp-class-382 pa t36806 l48457 ls2784">where </span><span class="pp-class-382 pa t36806 l53272 ls1323">this </span><span class="pp-class-382 pa t36806 l53273 ls1080">is </span><span class="pp-class-382 pa t36806 l53274 ls8541">lower.</span></p> <div id="pp-id-5215" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1244">3.2.3 </span><span class="pp-class-370 pa t21055 l43638">Supplier </span><span class="pp-class-370 pa t21055 l53276 ls1267">finance </span><span class="pp-class-370 pa t21055 l53277 ls1005">arrangements</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls858">The </span><span class="pp-class-382 pa t45774 l16631 ls2784">Group </span><span class="pp-class-382 pa t45774 l4002 ls1818">participates </span><span class="pp-class-382 pa t45774 l53278 ls1080">in </span><span class="pp-class-382 pa t45774 l22227 ls2694">supplier </span><span class="pp-class-382 pa t45774 l53279 ls1237">finance </span><span class="pp-class-382 pa t45774 l53280 ls2970">arrangements </span><span class="pp-class-382 pa t45774 l53281 ls1759">under </span><span class="pp-class-382 pa t45774 l53282 ls1759">which </span><span class="pp-class-382 pa t45774 l53283 ls99">certain </span><span class="pp-class-382 pa t45774 l53284 ls1073">financial </span><span class="pp-class-382 pa t45774 l53285 ls830">institutions </span><span class="pp-class-382 pa t45774 l53286 ls1150">acquire </span><span class="pp-class-382 pa t45789 l3 ls2127">invoices </span><span class="pp-class-382 pa t45789 l53287 ls2486">issued </span><span class="pp-class-382 pa t45789 l53288 ls2784">by </span><span class="pp-class-382 pa t45789 l53289 ls5069">bunker </span><span class="pp-class-382 pa t45789 l48030 ls1073">suppliers </span><span class="pp-class-382 pa t45789 l53290 ls1099">and </span><span class="pp-class-382 pa t45789 l43680 ls1073">logistics </span><span class="pp-class-382 pa t45789 l53291 ls1073">suppliers </span><span class="pp-class-382 pa t45789 l53292 ls1759">to </span><span class="pp-class-382 pa t45789 l53293 ls1759">DFDS. </span><span class="pp-class-382 pa t45789 l53294 ls1323">When </span><span class="pp-class-382 pa t45789 l53295 ls302">a </span><span class="pp-class-382 pa t45789 l46720 ls1073">financial </span><span class="pp-class-382 pa t45789 l53296 ls1118">institution </span><span class="pp-class-382 pa t45789 l53297 ls1316">acquires </span><span class="pp-class-382 pa t45789 l53298 ls302">the </span><span class="pp-class-382 pa t45805 l3 ls4299">invoices, </span><span class="pp-class-382 pa t45805 l53299 ls1099">the </span><span class="pp-class-382 pa t45805 l17183 ls1073">suppliers </span><span class="pp-class-382 pa t45805 l36460 ls1323">will </span><span class="pp-class-382 pa t45805 l53300 ls2145">receive </span><span class="pp-class-382 pa t45805 l53301 ls8853">payment </span><span class="pp-class-382 pa t45805 l53302 ls1243">from </span><span class="pp-class-382 pa t45805 l53303 ls1099">the </span><span class="pp-class-382 pa t45805 l53304 ls1073">financial </span><span class="pp-class-382 pa t45805 l53305 ls1118">institution </span><span class="pp-class-382 pa t45805 l53306 ls1759">while </span><span class="pp-class-382 pa t45805 l53307 ls1323">DFDS </span><span class="pp-class-382 pa t45805 l53308 ls1323">will </span><span class="pp-class-382 pa t45805 l53309 ls1244">settle </span><span class="pp-class-382 pa t45805 l53310 ls1099">the </span><span class="pp-class-382 pa t45805 l53311 ls852">invoice </span><span class="pp-class-382 pa t45805 l53312 ls1083">at </span><span class="pp-class-382 pa t45805 l46684 ls12">a </span><span class="pp-class-382 pa t45963 l3 ls1150">later </span><span class="pp-class-382 pa t45963 l53313 ls2113">stage. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45975 l3 ls858">The </span><span class="pp-class-382 pa t45975 l16631 ls2784">Group </span><span class="pp-class-382 pa t45975 l4002 ls858">has </span><span class="pp-class-382 pa t45975 l44886 ls4305">entered </span><span class="pp-class-382 pa t45975 l34354 ls3474">into </span><span class="pp-class-382 pa t45975 l50871 ls2970">arrangements </span><span class="pp-class-382 pa t45975 l53314 ls1323">with </span><span class="pp-class-382 pa t45975 l17498 ls858">the </span><span class="pp-class-382 pa t45975 l53315 ls4299">following </span><span class="pp-class-382 pa t45975 l53316 ls58">terms: </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45987 l3 ls5069">Bunker </span><span class="pp-class-382 pa t45987 l37632 ls5069">linked </span><span class="pp-class-382 pa t45987 l49379 ls1243">payables </span><span class="pp-class-382 pa t45987 l53317 ls1083">extended </span><span class="pp-class-382 pa t45987 l53318 ls1759">to </span><span class="pp-class-382 pa t45987 l53319 ls852">current </span><span class="pp-class-382 pa t45987 l53320 ls1305">month </span><span class="pp-class-382 pa t45987 l53321 ls302">+ </span><span class="pp-class-382 pa t45987 l53322 ls1080">93 </span><span class="pp-class-382 pa t45987 l53323 ls3377">days.</span><span class="pp-class-382 pa t45999 l3 ls3278">Multiple </span><span class="pp-class-382 pa t45999 l45217 ls1073">logistics </span><span class="pp-class-382 pa t45999 l53324 ls819">suppliers' </span><span class="pp-class-382 pa t45999 l3017 ls1243">payables </span><span class="pp-class-382 pa t45999 l53325 ls2127">extending </span><span class="pp-class-382 pa t45999 l53326 ls8853">payment </span><span class="pp-class-382 pa t45999 l53327 ls1759">to </span><span class="pp-class-382 pa t45999 l53328 ls852">current </span><span class="pp-class-382 pa t45999 l53329 ls1305">month </span><span class="pp-class-382 pa t45999 l53330 ls302">+ </span><span class="pp-class-382 pa t45999 l53331 ls1080">93 </span><span class="pp-class-382 pa t45999 l53332 ls3377">days.</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t53333 l3 ls2548">Carrying </span><span class="pp-class-383 pa t53333 l42889 ls907">amount </span><span class="pp-class-383 pa t53333 l48787">of </span><span class="pp-class-383 pa t53333 l21830">liabilities </span><span class="pp-class-383 pa t53333 l27468">under </span><span class="pp-class-383 pa t53333 l53334">supplier </span><span class="pp-class-383 pa t53333 l53335 ls272">finance </span><span class="pp-class-383 pa t53333 l53336 ls193">arrangements</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53337 l3">DKK </span><span class="pp-class-372 pa t53337 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53337 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53338 l3 ls258">Presented </span><span class="pp-class-373 pa t53338 l53339">within </span><span class="pp-class-373 pa t53338 l6766 ls225">trade </span><span class="pp-class-373 pa t53338 l53340 ls1080">payables </span><span class="pp-class-373 pa t53338 l53341 ls1531">January </span><span class="pp-class-373 pa t53338 l25922">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53338 l53342 ls68">730 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53343 l3 ls258">Presented </span><span class="pp-class-373 pa t53343 l53339">within </span><span class="pp-class-373 pa t53343 l6766 ls225">trade </span><span class="pp-class-373 pa t53343 l53340 ls1080">payables </span><span class="pp-class-373 pa t53343 l53341">December </span><span class="pp-class-373 pa t53343 l53344">31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53343 l42644 ls203">567</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53345 l3 ls287">of </span><span class="pp-class-372 pa t53345 l16702">which </span><span class="pp-class-372 pa t53345 l53346">suppliers </span><span class="pp-class-372 pa t53345 l53347 ls281">received </span><span class="pp-class-372 pa t53345 l7431 ls78">payment </span><span class="pp-class-372 pa t53345 l53348 ls110">(from </span><span class="pp-class-372 pa t53345 l53349">financial </span><span class="pp-class-372 pa t53345 l53350">institution)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53345 l53351">558</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t53352 l3 ls1759">Range </span><span class="pp-class-383 pa t53352 l53353 ls1080">of </span><span class="pp-class-383 pa t53352 l53354 ls2787">payment </span><span class="pp-class-383 pa t53352 l53355 ls1099">due </span><span class="pp-class-383 pa t53352 l53356 ls2944">dates</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53357 l3 ls3216 wtro3159 wtr1293 tro3160 tr1294">Payment </span><span class="pp-class-382 pa t53357 l40437 ls2760 wtro3159 wtr1293 tro3160 tr1294">terms </span><span class="pp-class-382 pa t53357 l53358 ls800 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t53357 l53359 ls3377 wtro3159 wtr1293 tro3160 tr1294">liabilities </span><span class="pp-class-382 pa t53357 l53360 ls715 wtro3159 wtr1293 tro3160 tr1294">that </span><span class="pp-class-382 pa t53357 l53361 ls3184 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t53357 l53362 ls806 wtro3159 wtr1293 tro3160 tr1294">part </span><span class="pp-class-382 pa t53357 l53363 ls53 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t53357 l53364 ls2760 wtro3159 wtr1293 tro3160 tr1294">supplier </span><span class="pp-class-382 pa t53357 l53365 ls2149 wtro3159 wtr1293 tro3160 tr1294">financing </span><span class="pp-class-382 pa t53357 l53366 ls26 wtro3159 wtr1293 tro3160 tr1294">arrangement </span><span class="pp-class-382 pa t53357 l53367 ls6791 wtro3159 wtr1293 tro3160 tr1294">range </span><span class="pp-class-382 pa t53357 l53368 ls1057 wtro3159 wtr1293 tro3160 tr1294">from </span><span class="pp-class-382 pa t53357 l53369 ls1772 wtro3159 wtr1293 tro3160 tr1294">30 </span><span class="pp-class-382 pa t53357 l53370 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53357 l53371 ls1772 wtro3159 wtr1293 tro3160 tr1294">up </span><span class="pp-class-382 pa t53357 l53372 ls2854 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t53357 l53373 ls9967 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t53374 l3 ls4305 wtro3159 wtr1293 tro3160 tr1294">month </span><span class="pp-class-382 pa t53374 l53375 ls1099 wtro3159 wtr1293 tro3160 tr1294">+ </span><span class="pp-class-382 pa t53374 l53376 ls1772 wtro3159 wtr1293 tro3160 tr1294">93 </span><span class="pp-class-382 pa t53374 l53377 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53374 l38768 ls2787 wtro3159 wtr1293 tro3160 tr1294">(2023: </span><span class="pp-class-382 pa t53374 l53378 ls1772 wtro3159 wtr1293 tro3160 tr1294">30 </span><span class="pp-class-382 pa t53374 l53379 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53374 l53380 ls1772 wtro3159 wtr1293 tro3160 tr1294">up </span><span class="pp-class-382 pa t53374 l53381 ls2854 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t53374 l53382 ls2848 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t53374 l31224 ls4305 wtro3159 wtr1293 tro3160 tr1294">month </span><span class="pp-class-382 pa t53374 l53383 ls1099 wtro3159 wtr1293 tro3160 tr1294">+ </span><span class="pp-class-382 pa t53374 l53384 ls1772 wtro3159 wtr1293 tro3160 tr1294">93 </span><span class="pp-class-382 pa t53374 l53385 ls3024 wtro3159 wtr1293 tro3160 tr1294">days).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53386 l3 ls1243">Payment </span><span class="pp-class-382 pa t53386 l53387 ls1118">terms </span><span class="pp-class-382 pa t53386 l44823 ls3278">for </span><span class="pp-class-382 pa t53386 l53388 ls2970">comparable </span><span class="pp-class-382 pa t53386 l53389 ls646">trade </span><span class="pp-class-382 pa t53386 l53390 ls1243">payables </span><span class="pp-class-382 pa t53386 l53391 ls1237">outside </span><span class="pp-class-382 pa t53386 l53392 ls1073">financing </span><span class="pp-class-382 pa t53386 l53393 ls2970">arrangements </span><span class="pp-class-382 pa t53386 l53394 ls800">are </span><span class="pp-class-382 pa t53386 l53395 ls1974">typically </span><span class="pp-class-382 pa t53386 l53396 ls1772 wtro3159 wtr1293 tro3160 tr1294">30 </span><span class="pp-class-382 pa t53386 l53397 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53386 l53398 ls1772 wtro3159 wtr1293 tro3160 tr1294">up </span><span class="pp-class-382 pa t53386 l53399 ls1080 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t53400 l3 ls2848 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t53400 l53401 ls4305 wtro3159 wtr1293 tro3160 tr1294">month </span><span class="pp-class-382 pa t53400 l53402 ls1099 wtro3159 wtr1293 tro3160 tr1294">+ </span><span class="pp-class-382 pa t53400 l53403 ls1772 wtro3159 wtr1293 tro3160 tr1294">63 </span><span class="pp-class-382 pa t53400 l53404 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53400 l53405 ls2787 wtro3159 wtr1293 tro3160 tr1294">(2023: </span><span class="pp-class-382 pa t53400 l3588 ls1772 wtro3159 wtr1293 tro3160 tr1294">30 </span><span class="pp-class-382 pa t53400 l53406 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53400 l53407 ls1772 wtro3159 wtr1293 tro3160 tr1294">up </span><span class="pp-class-382 pa t53400 l53408 ls2854 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t53400 l52259 ls2848 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t53400 l53409 ls4305 wtro3159 wtr1293 tro3160 tr1294">month </span><span class="pp-class-382 pa t53400 l53410 ls1099 wtro3159 wtr1293 tro3160 tr1294">+ </span><span class="pp-class-382 pa t53400 l53411 ls1772 wtro3159 wtr1293 tro3160 tr1294">63 </span><span class="pp-class-382 pa t53400 l53412 ls3024 wtro3159 wtr1293 tro3160 tr1294">days).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t53413 l3 ls99">Non-cash </span><span class="pp-class-383 pa t53413 l51970 ls2486">changes</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53414 l3 ls2784">There </span><span class="pp-class-382 pa t53414 l53415 ls2848">were </span><span class="pp-class-382 pa t53414 l19149 ls1080">no </span><span class="pp-class-382 pa t53414 l53416 ls2142">material </span><span class="pp-class-382 pa t53414 l53417 ls2694">business </span><span class="pp-class-382 pa t53414 l53418 ls2113">combinations </span><span class="pp-class-382 pa t53414 l53419 ls1080">or </span><span class="pp-class-382 pa t53414 l53420 ls1463">foreign </span><span class="pp-class-382 pa t53414 l53421 ls3435">exchange </span><span class="pp-class-382 pa t53414 l53422 ls1868">differences </span><span class="pp-class-382 pa t53414 l53423 ls1080">in </span><span class="pp-class-382 pa t53414 l53424 ls2486">either </span><span class="pp-class-382 pa t53414 l53425 ls1237">period. </span><span class="pp-class-382 pa t53414 l53426 ls2784">There </span><span class="pp-class-382 pa t53414 l53427 ls2848">were </span><span class="pp-class-382 pa t53414 l53428 ls278">no </span><span class="pp-class-382 pa t53429 l3 ls806">significant </span><span class="pp-class-382 pa t53429 l53109 ls99">non-cash </span><span class="pp-class-382 pa t53429 l53430 ls2784">transfers </span><span class="pp-class-382 pa t53429 l53431 ls1243">from </span><span class="pp-class-382 pa t53429 l53432 ls646">trade </span><span class="pp-class-382 pa t53429 l37966 ls1243">payables </span><span class="pp-class-382 pa t53429 l53433 ls1759">to </span><span class="pp-class-382 pa t53429 l53434 ls1237">finance </span><span class="pp-class-382 pa t53429 l53435 ls1243">payables </span><span class="pp-class-382 pa t53429 l53436 ls1080">in </span><span class="pp-class-382 pa t53429 l53437 ls1150">2024 </span><span class="pp-class-382 pa t53429 l53438 ls2486">(2023: </span><span class="pp-class-382 pa t53429 l53439 ls7096">none).</span></p><div id="pp-id-5214"><div class="pp-class-363 pp-class-395" id="pp-id-5211"><div class="w37231 h53243 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1099">All </span><span class="pp-class-382 pa t29793 l53440 ls2694">supplier </span><span class="pp-class-382 pa t29793 l53441 ls1237">finance </span><span class="pp-class-382 pa t29793 l53442 ls960">arrangement </span><span class="pp-class-382 pa t29793 l53443 ls3458">related </span><span class="pp-class-382 pa t29793 l17436 ls1118">liabilities </span><span class="pp-class-382 pa t29793 l49252 ls800">are </span><span class="pp-class-382 pa t29793 l53444 ls852">presented </span><span class="pp-class-382 pa t29793 l53445 ls2486">within </span><span class="pp-class-382 pa t29793 l53446 ls1243">payables </span><span class="pp-class-382 pa t29793 l53447 ls1080">as </span><span class="pp-class-382 pa t29793 l53448 ls1759">these </span><span class="pp-class-382 pa t29793 l53449 ls2970">are </span><span class="pp-class-382 pa t29798 l3 ls2486">deemed </span><span class="pp-class-382 pa t29798 l21755 ls1759">to </span><span class="pp-class-382 pa t29798 l53450 ls1080">be </span><span class="pp-class-382 pa t29798 l53451 ls658">part </span><span class="pp-class-382 pa t29798 l53452 ls103">of </span><span class="pp-class-382 pa t29798 l53453 ls728">working </span><span class="pp-class-382 pa t29798 l53454 ls806">capital </span><span class="pp-class-382 pa t29798 l53455 ls1080">in </span><span class="pp-class-382 pa t29798 l53456 ls858">the </span><span class="pp-class-382 pa t29798 l53457 ls1243">Group's </span><span class="pp-class-382 pa t29798 l53458 ls2486">normal </span><span class="pp-class-382 pa t29798 l53459 ls2760">operating </span><span class="pp-class-382 pa t29798 l53460 ls650">cycle. </span><span class="pp-class-382 pa t29798 l53461 ls3190">Accordingly, </span><span class="pp-class-382 pa t29798 l53462 ls960">they </span><span class="pp-class-382 pa t29798 l53463 ls2970">are </span><span class="pp-class-382 pa t36806 l3 ls852">presented </span><span class="pp-class-382 pa t36806 l49824 ls1237">outside </span><span class="pp-class-382 pa t36806 l14636 ls1073">financing </span><span class="pp-class-382 pa t36806 l27453 ls1323">cash </span><span class="pp-class-382 pa t36806 l17186 ls1083">flows, </span><span class="pp-class-382 pa t36806 l53464 ls2486">within </span><span class="pp-class-382 pa t36806 l53465 ls2486">change </span><span class="pp-class-382 pa t36806 l53466 ls1080">in </span><span class="pp-class-382 pa t36806 l53467 ls728">working </span><span class="pp-class-382 pa t36806 l53468 ls806">capital.</span></p></div></div></div></div></div><div id="pp-id-5219" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2142">3.2.4 </span><span class="pp-class-370 pa t21055 l43638">Other </span><span class="pp-class-370 pa t21055 l53469 ls2784">payables</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3 ls241">Holiday </span><span class="pp-class-372 pa t42308 l50373 ls931">pay </span><span class="pp-class-372 pa t42308 l53470 ls193">obligations, </span><span class="pp-class-372 pa t42308 l53471 ls180">etc.,</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l53472 ls1080">721</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l53473">542</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3">Public </span><span class="pp-class-372 pa t43125 l53474 ls96">authorities </span><span class="pp-class-372 pa t43125 l44473 ls1465">(VAT, </span><span class="pp-class-372 pa t43125 l24032 ls2142">duty, </span><span class="pp-class-372 pa t43125 l53475 ls180">etc.)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l53476 ls2835">142</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l47202 ls728">78</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls2835">Payables </span><span class="pp-class-372 pa t22670 l52980 ls166">to </span><span class="pp-class-372 pa t22670 l53477 ls128">associates </span><span class="pp-class-372 pa t22670 l53478">and </span><span class="pp-class-372 pa t22670 l17564 ls907">joint </span><span class="pp-class-372 pa t22670 l6883 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l53479 ls302">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l42414">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l3">Other </span><span class="pp-class-372 pa t43136 l8525 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l53480">233</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l53473">254</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53481 l3 ls150">Accrued </span><span class="pp-class-372 pa t53481 l53482 ls884">interests</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53481 l53483 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53481 l50455 ls16">27</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53484 l3 ls2459">Total </span><span class="pp-class-373 pa t53484 l29712 ls907">other </span><span class="pp-class-373 pa t53484 l42551 ls858">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53484 l53485 ls90">1,160</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53484 l53486">904</span></p></td></tr></table><div id="pp-id-5218"><div class="pp-class-363 pp-class-395" id="pp-id-5216"><div class="w37231 h53487 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1759">Other </span><span class="pp-class-382 pa t29793 l49184 ls1243">payables </span><span class="pp-class-382 pa t29793 l53488 ls2694">comprise </span><span class="pp-class-382 pa t29793 l53489 ls1118">amounts </span><span class="pp-class-382 pa t29793 l53490 ls2671">owed </span><span class="pp-class-382 pa t29793 l53491 ls1759">to </span><span class="pp-class-382 pa t29793 l53492 ls14041">staff, </span><span class="pp-class-382 pa t29793 l53493 ls3474">including </span><span class="pp-class-382 pa t29793 l53494 ls4305">wages </span><span class="pp-class-382 pa t29793 l50843 ls858">and </span><span class="pp-class-382 pa t29793 l53495 ls1073">salaries, </span><span class="pp-class-382 pa t29793 l53496 ls6360">holiday </span><span class="pp-class-382 pa t29793 l53497 ls8634">pay, </span><span class="pp-class-382 pa t29793 l53498 ls214">salary/</span><span class="pp-class-382 pa t29798 l3 ls4305">wages </span><span class="pp-class-382 pa t29798 l53499 ls3458">related </span><span class="pp-class-382 pa t29798 l53500 ls1319">items, </span><span class="pp-class-382 pa t29798 l53501 ls1868">etc. </span><span class="pp-class-382 pa t29798 l53502 ls1118">amounts </span><span class="pp-class-382 pa t29798 l53503 ls2671">owed </span><span class="pp-class-382 pa t29798 l53504 ls1759">to </span><span class="pp-class-382 pa t29798 l53505 ls1099">the </span><span class="pp-class-382 pa t29798 l53506 ls2486">public </span><span class="pp-class-382 pa t29798 l53507 ls4275">authorities, </span><span class="pp-class-382 pa t29798 l53508 ls53509">VAT, </span><span class="pp-class-382 pa t29798 l53510 ls2955">excise </span><span class="pp-class-382 pa t29798 l53511 ls1237">duties, </span><span class="pp-class-382 pa t29798 l53512 ls1243">real </span><span class="pp-class-382 pa t29798 l53513 ls830">property </span><span class="pp-class-382 pa t36806 l3 ls2688">taxes </span><span class="pp-class-382 pa t36806 l53514 ls1244">etc.; </span><span class="pp-class-382 pa t36806 l53515 ls1118">amounts </span><span class="pp-class-382 pa t36806 l53516 ls2671">owed </span><span class="pp-class-382 pa t36806 l53517 ls1080">in </span><span class="pp-class-382 pa t36806 l53518 ls1271">connection </span><span class="pp-class-382 pa t36806 l53519 ls1323">with </span><span class="pp-class-382 pa t36806 l53520 ls858">the </span><span class="pp-class-382 pa t36806 l53521 ls3435">purchase/disposal </span><span class="pp-class-382 pa t36806 l53522 ls103">of </span><span class="pp-class-382 pa t36806 l53523 ls2489">ferries </span><span class="pp-class-382 pa t36806 l53524 ls858">and </span><span class="pp-class-382 pa t36806 l53525 ls296">other </span><span class="pp-class-382 pa t36806 l53526 ls1110">ships, </span><span class="pp-class-382 pa t29811 l3 ls1073">buildings </span><span class="pp-class-382 pa t29811 l4366 ls1099">and </span><span class="pp-class-382 pa t29811 l53527 ls238">terminals; </span><span class="pp-class-382 pa t29811 l53528 ls1772">accrued </span><span class="pp-class-382 pa t29811 l30792 ls2784">interest </span><span class="pp-class-382 pa t29811 l16588 ls960">expenses; </span><span class="pp-class-382 pa t29811 l53529 ls1243">payables </span><span class="pp-class-382 pa t29811 l53530 ls1759">to </span><span class="pp-class-382 pa t29811 l53531 ls803">associates </span><span class="pp-class-382 pa t29811 l53532 ls1099">and </span><span class="pp-class-382 pa t29811 l53533 ls1305">joint </span><span class="pp-class-382 pa t29811 l53534 ls2784">ventures; </span><span class="pp-class-382 pa t29824 l3 ls1118">amounts </span><span class="pp-class-382 pa t29824 l45921 ls2671">owed </span><span class="pp-class-382 pa t29824 l7354 ls1080">in </span><span class="pp-class-382 pa t29824 l36929 ls2531">relation </span><span class="pp-class-382 pa t29824 l53535 ls1759">to </span><span class="pp-class-382 pa t29824 l53536 ls1305">defined </span><span class="pp-class-382 pa t29824 l53319 ls296">contribution </span><span class="pp-class-382 pa t29824 l53537 ls1237">pension </span><span class="pp-class-382 pa t29824 l53538 ls1759">plans </span><span class="pp-class-382 pa t29824 l53539 ls2944">etc.</span></p></div></div></div></div></div> <div id="pp-id-5215" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1244">3.2.3 </span><span class="pp-class-370 pa t21055 l43638">Supplier </span><span class="pp-class-370 pa t21055 l53276 ls1267">finance </span><span class="pp-class-370 pa t21055 l53277 ls1005">arrangements</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls858">The </span><span class="pp-class-382 pa t45774 l16631 ls2784">Group </span><span class="pp-class-382 pa t45774 l4002 ls1818">participates </span><span class="pp-class-382 pa t45774 l53278 ls1080">in </span><span class="pp-class-382 pa t45774 l22227 ls2694">supplier </span><span class="pp-class-382 pa t45774 l53279 ls1237">finance </span><span class="pp-class-382 pa t45774 l53280 ls2970">arrangements </span><span class="pp-class-382 pa t45774 l53281 ls1759">under </span><span class="pp-class-382 pa t45774 l53282 ls1759">which </span><span class="pp-class-382 pa t45774 l53283 ls99">certain </span><span class="pp-class-382 pa t45774 l53284 ls1073">financial </span><span class="pp-class-382 pa t45774 l53285 ls830">institutions </span><span class="pp-class-382 pa t45774 l53286 ls1150">acquire </span><span class="pp-class-382 pa t45789 l3 ls2127">invoices </span><span class="pp-class-382 pa t45789 l53287 ls2486">issued </span><span class="pp-class-382 pa t45789 l53288 ls2784">by </span><span class="pp-class-382 pa t45789 l53289 ls5069">bunker </span><span class="pp-class-382 pa t45789 l48030 ls1073">suppliers </span><span class="pp-class-382 pa t45789 l53290 ls1099">and </span><span class="pp-class-382 pa t45789 l43680 ls1073">logistics </span><span class="pp-class-382 pa t45789 l53291 ls1073">suppliers </span><span class="pp-class-382 pa t45789 l53292 ls1759">to </span><span class="pp-class-382 pa t45789 l53293 ls1759">DFDS. </span><span class="pp-class-382 pa t45789 l53294 ls1323">When </span><span class="pp-class-382 pa t45789 l53295 ls302">a </span><span class="pp-class-382 pa t45789 l46720 ls1073">financial </span><span class="pp-class-382 pa t45789 l53296 ls1118">institution </span><span class="pp-class-382 pa t45789 l53297 ls1316">acquires </span><span class="pp-class-382 pa t45789 l53298 ls302">the </span><span class="pp-class-382 pa t45805 l3 ls4299">invoices, </span><span class="pp-class-382 pa t45805 l53299 ls1099">the </span><span class="pp-class-382 pa t45805 l17183 ls1073">suppliers </span><span class="pp-class-382 pa t45805 l36460 ls1323">will </span><span class="pp-class-382 pa t45805 l53300 ls2145">receive </span><span class="pp-class-382 pa t45805 l53301 ls8853">payment </span><span class="pp-class-382 pa t45805 l53302 ls1243">from </span><span class="pp-class-382 pa t45805 l53303 ls1099">the </span><span class="pp-class-382 pa t45805 l53304 ls1073">financial </span><span class="pp-class-382 pa t45805 l53305 ls1118">institution </span><span class="pp-class-382 pa t45805 l53306 ls1759">while </span><span class="pp-class-382 pa t45805 l53307 ls1323">DFDS </span><span class="pp-class-382 pa t45805 l53308 ls1323">will </span><span class="pp-class-382 pa t45805 l53309 ls1244">settle </span><span class="pp-class-382 pa t45805 l53310 ls1099">the </span><span class="pp-class-382 pa t45805 l53311 ls852">invoice </span><span class="pp-class-382 pa t45805 l53312 ls1083">at </span><span class="pp-class-382 pa t45805 l46684 ls12">a </span><span class="pp-class-382 pa t45963 l3 ls1150">later </span><span class="pp-class-382 pa t45963 l53313 ls2113">stage. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45975 l3 ls858">The </span><span class="pp-class-382 pa t45975 l16631 ls2784">Group </span><span class="pp-class-382 pa t45975 l4002 ls858">has </span><span class="pp-class-382 pa t45975 l44886 ls4305">entered </span><span class="pp-class-382 pa t45975 l34354 ls3474">into </span><span class="pp-class-382 pa t45975 l50871 ls2970">arrangements </span><span class="pp-class-382 pa t45975 l53314 ls1323">with </span><span class="pp-class-382 pa t45975 l17498 ls858">the </span><span class="pp-class-382 pa t45975 l53315 ls4299">following </span><span class="pp-class-382 pa t45975 l53316 ls58">terms: </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45987 l3 ls5069">Bunker </span><span class="pp-class-382 pa t45987 l37632 ls5069">linked </span><span class="pp-class-382 pa t45987 l49379 ls1243">payables </span><span class="pp-class-382 pa t45987 l53317 ls1083">extended </span><span class="pp-class-382 pa t45987 l53318 ls1759">to </span><span class="pp-class-382 pa t45987 l53319 ls852">current </span><span class="pp-class-382 pa t45987 l53320 ls1305">month </span><span class="pp-class-382 pa t45987 l53321 ls302">+ </span><span class="pp-class-382 pa t45987 l53322 ls1080">93 </span><span class="pp-class-382 pa t45987 l53323 ls3377">days.</span><span class="pp-class-382 pa t45999 l3 ls3278">Multiple </span><span class="pp-class-382 pa t45999 l45217 ls1073">logistics </span><span class="pp-class-382 pa t45999 l53324 ls819">suppliers' </span><span class="pp-class-382 pa t45999 l3017 ls1243">payables </span><span class="pp-class-382 pa t45999 l53325 ls2127">extending </span><span class="pp-class-382 pa t45999 l53326 ls8853">payment </span><span class="pp-class-382 pa t45999 l53327 ls1759">to </span><span class="pp-class-382 pa t45999 l53328 ls852">current </span><span class="pp-class-382 pa t45999 l53329 ls1305">month </span><span class="pp-class-382 pa t45999 l53330 ls302">+ </span><span class="pp-class-382 pa t45999 l53331 ls1080">93 </span><span class="pp-class-382 pa t45999 l53332 ls3377">days.</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t53333 l3 ls2548">Carrying </span><span class="pp-class-383 pa t53333 l42889 ls907">amount </span><span class="pp-class-383 pa t53333 l48787">of </span><span class="pp-class-383 pa t53333 l21830">liabilities </span><span class="pp-class-383 pa t53333 l27468">under </span><span class="pp-class-383 pa t53333 l53334">supplier </span><span class="pp-class-383 pa t53333 l53335 ls272">finance </span><span class="pp-class-383 pa t53333 l53336 ls193">arrangements</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53337 l3">DKK </span><span class="pp-class-372 pa t53337 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53337 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53338 l3 ls258">Presented </span><span class="pp-class-373 pa t53338 l53339">within </span><span class="pp-class-373 pa t53338 l6766 ls225">trade </span><span class="pp-class-373 pa t53338 l53340 ls1080">payables </span><span class="pp-class-373 pa t53338 l53341 ls1531">January </span><span class="pp-class-373 pa t53338 l25922">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53338 l53342 ls68">730 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53343 l3 ls258">Presented </span><span class="pp-class-373 pa t53343 l53339">within </span><span class="pp-class-373 pa t53343 l6766 ls225">trade </span><span class="pp-class-373 pa t53343 l53340 ls1080">payables </span><span class="pp-class-373 pa t53343 l53341">December </span><span class="pp-class-373 pa t53343 l53344">31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53343 l42644 ls203">567</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53345 l3 ls287">of </span><span class="pp-class-372 pa t53345 l16702">which </span><span class="pp-class-372 pa t53345 l53346">suppliers </span><span class="pp-class-372 pa t53345 l53347 ls281">received </span><span class="pp-class-372 pa t53345 l7431 ls78">payment </span><span class="pp-class-372 pa t53345 l53348 ls110">(from </span><span class="pp-class-372 pa t53345 l53349">financial </span><span class="pp-class-372 pa t53345 l53350">institution)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53345 l53351">558</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t53352 l3 ls1759">Range </span><span class="pp-class-383 pa t53352 l53353 ls1080">of </span><span class="pp-class-383 pa t53352 l53354 ls2787">payment </span><span class="pp-class-383 pa t53352 l53355 ls1099">due </span><span class="pp-class-383 pa t53352 l53356 ls2944">dates</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53357 l3 ls3216 wtro3159 wtr1293 tro3160 tr1294">Payment </span><span class="pp-class-382 pa t53357 l40437 ls2760 wtro3159 wtr1293 tro3160 tr1294">terms </span><span class="pp-class-382 pa t53357 l53358 ls800 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t53357 l53359 ls3377 wtro3159 wtr1293 tro3160 tr1294">liabilities </span><span class="pp-class-382 pa t53357 l53360 ls715 wtro3159 wtr1293 tro3160 tr1294">that </span><span class="pp-class-382 pa t53357 l53361 ls3184 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t53357 l53362 ls806 wtro3159 wtr1293 tro3160 tr1294">part </span><span class="pp-class-382 pa t53357 l53363 ls53 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t53357 l53364 ls2760 wtro3159 wtr1293 tro3160 tr1294">supplier </span><span class="pp-class-382 pa t53357 l53365 ls2149 wtro3159 wtr1293 tro3160 tr1294">financing </span><span class="pp-class-382 pa t53357 l53366 ls26 wtro3159 wtr1293 tro3160 tr1294">arrangement </span><span class="pp-class-382 pa t53357 l53367 ls6791 wtro3159 wtr1293 tro3160 tr1294">range </span><span class="pp-class-382 pa t53357 l53368 ls1057 wtro3159 wtr1293 tro3160 tr1294">from </span><span class="pp-class-382 pa t53357 l53369 ls1772 wtro3159 wtr1293 tro3160 tr1294">30 </span><span class="pp-class-382 pa t53357 l53370 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53357 l53371 ls1772 wtro3159 wtr1293 tro3160 tr1294">up </span><span class="pp-class-382 pa t53357 l53372 ls2854 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t53357 l53373 ls9967 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t53374 l3 ls4305 wtro3159 wtr1293 tro3160 tr1294">month </span><span class="pp-class-382 pa t53374 l53375 ls1099 wtro3159 wtr1293 tro3160 tr1294">+ </span><span class="pp-class-382 pa t53374 l53376 ls1772 wtro3159 wtr1293 tro3160 tr1294">93 </span><span class="pp-class-382 pa t53374 l53377 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53374 l38768 ls2787 wtro3159 wtr1293 tro3160 tr1294">(2023: </span><span class="pp-class-382 pa t53374 l53378 ls1772 wtro3159 wtr1293 tro3160 tr1294">30 </span><span class="pp-class-382 pa t53374 l53379 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53374 l53380 ls1772 wtro3159 wtr1293 tro3160 tr1294">up </span><span class="pp-class-382 pa t53374 l53381 ls2854 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t53374 l53382 ls2848 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t53374 l31224 ls4305 wtro3159 wtr1293 tro3160 tr1294">month </span><span class="pp-class-382 pa t53374 l53383 ls1099 wtro3159 wtr1293 tro3160 tr1294">+ </span><span class="pp-class-382 pa t53374 l53384 ls1772 wtro3159 wtr1293 tro3160 tr1294">93 </span><span class="pp-class-382 pa t53374 l53385 ls3024 wtro3159 wtr1293 tro3160 tr1294">days).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53386 l3 ls1243">Payment </span><span class="pp-class-382 pa t53386 l53387 ls1118">terms </span><span class="pp-class-382 pa t53386 l44823 ls3278">for </span><span class="pp-class-382 pa t53386 l53388 ls2970">comparable </span><span class="pp-class-382 pa t53386 l53389 ls646">trade </span><span class="pp-class-382 pa t53386 l53390 ls1243">payables </span><span class="pp-class-382 pa t53386 l53391 ls1237">outside </span><span class="pp-class-382 pa t53386 l53392 ls1073">financing </span><span class="pp-class-382 pa t53386 l53393 ls2970">arrangements </span><span class="pp-class-382 pa t53386 l53394 ls800">are </span><span class="pp-class-382 pa t53386 l53395 ls1974">typically </span><span class="pp-class-382 pa t53386 l53396 ls1772 wtro3159 wtr1293 tro3160 tr1294">30 </span><span class="pp-class-382 pa t53386 l53397 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53386 l53398 ls1772 wtro3159 wtr1293 tro3160 tr1294">up </span><span class="pp-class-382 pa t53386 l53399 ls1080 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t53400 l3 ls2848 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t53400 l53401 ls4305 wtro3159 wtr1293 tro3160 tr1294">month </span><span class="pp-class-382 pa t53400 l53402 ls1099 wtro3159 wtr1293 tro3160 tr1294">+ </span><span class="pp-class-382 pa t53400 l53403 ls1772 wtro3159 wtr1293 tro3160 tr1294">63 </span><span class="pp-class-382 pa t53400 l53404 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53400 l53405 ls2787 wtro3159 wtr1293 tro3160 tr1294">(2023: </span><span class="pp-class-382 pa t53400 l3588 ls1772 wtro3159 wtr1293 tro3160 tr1294">30 </span><span class="pp-class-382 pa t53400 l53406 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53400 l53407 ls1772 wtro3159 wtr1293 tro3160 tr1294">up </span><span class="pp-class-382 pa t53400 l53408 ls2854 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t53400 l52259 ls2848 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t53400 l53409 ls4305 wtro3159 wtr1293 tro3160 tr1294">month </span><span class="pp-class-382 pa t53400 l53410 ls1099 wtro3159 wtr1293 tro3160 tr1294">+ </span><span class="pp-class-382 pa t53400 l53411 ls1772 wtro3159 wtr1293 tro3160 tr1294">63 </span><span class="pp-class-382 pa t53400 l53412 ls3024 wtro3159 wtr1293 tro3160 tr1294">days).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t53413 l3 ls99">Non-cash </span><span class="pp-class-383 pa t53413 l51970 ls2486">changes</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53414 l3 ls2784">There </span><span class="pp-class-382 pa t53414 l53415 ls2848">were </span><span class="pp-class-382 pa t53414 l19149 ls1080">no </span><span class="pp-class-382 pa t53414 l53416 ls2142">material </span><span class="pp-class-382 pa t53414 l53417 ls2694">business </span><span class="pp-class-382 pa t53414 l53418 ls2113">combinations </span><span class="pp-class-382 pa t53414 l53419 ls1080">or </span><span class="pp-class-382 pa t53414 l53420 ls1463">foreign </span><span class="pp-class-382 pa t53414 l53421 ls3435">exchange </span><span class="pp-class-382 pa t53414 l53422 ls1868">differences </span><span class="pp-class-382 pa t53414 l53423 ls1080">in </span><span class="pp-class-382 pa t53414 l53424 ls2486">either </span><span class="pp-class-382 pa t53414 l53425 ls1237">period. </span><span class="pp-class-382 pa t53414 l53426 ls2784">There </span><span class="pp-class-382 pa t53414 l53427 ls2848">were </span><span class="pp-class-382 pa t53414 l53428 ls278">no </span><span class="pp-class-382 pa t53429 l3 ls806">significant </span><span class="pp-class-382 pa t53429 l53109 ls99">non-cash </span><span class="pp-class-382 pa t53429 l53430 ls2784">transfers </span><span class="pp-class-382 pa t53429 l53431 ls1243">from </span><span class="pp-class-382 pa t53429 l53432 ls646">trade </span><span class="pp-class-382 pa t53429 l37966 ls1243">payables </span><span class="pp-class-382 pa t53429 l53433 ls1759">to </span><span class="pp-class-382 pa t53429 l53434 ls1237">finance </span><span class="pp-class-382 pa t53429 l53435 ls1243">payables </span><span class="pp-class-382 pa t53429 l53436 ls1080">in </span><span class="pp-class-382 pa t53429 l53437 ls1150">2024 </span><span class="pp-class-382 pa t53429 l53438 ls2486">(2023: </span><span class="pp-class-382 pa t53429 l53439 ls7096">none).</span></p><div id="pp-id-5214"><div class="pp-class-363 pp-class-395" id="pp-id-5211"><div class="w37231 h53243 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1099">All </span><span class="pp-class-382 pa t29793 l53440 ls2694">supplier </span><span class="pp-class-382 pa t29793 l53441 ls1237">finance </span><span class="pp-class-382 pa t29793 l53442 ls960">arrangement </span><span class="pp-class-382 pa t29793 l53443 ls3458">related </span><span class="pp-class-382 pa t29793 l17436 ls1118">liabilities </span><span class="pp-class-382 pa t29793 l49252 ls800">are </span><span class="pp-class-382 pa t29793 l53444 ls852">presented </span><span class="pp-class-382 pa t29793 l53445 ls2486">within </span><span class="pp-class-382 pa t29793 l53446 ls1243">payables </span><span class="pp-class-382 pa t29793 l53447 ls1080">as </span><span class="pp-class-382 pa t29793 l53448 ls1759">these </span><span class="pp-class-382 pa t29793 l53449 ls2970">are </span><span class="pp-class-382 pa t29798 l3 ls2486">deemed </span><span class="pp-class-382 pa t29798 l21755 ls1759">to </span><span class="pp-class-382 pa t29798 l53450 ls1080">be </span><span class="pp-class-382 pa t29798 l53451 ls658">part </span><span class="pp-class-382 pa t29798 l53452 ls103">of </span><span class="pp-class-382 pa t29798 l53453 ls728">working </span><span class="pp-class-382 pa t29798 l53454 ls806">capital </span><span class="pp-class-382 pa t29798 l53455 ls1080">in </span><span class="pp-class-382 pa t29798 l53456 ls858">the </span><span class="pp-class-382 pa t29798 l53457 ls1243">Group's </span><span class="pp-class-382 pa t29798 l53458 ls2486">normal </span><span class="pp-class-382 pa t29798 l53459 ls2760">operating </span><span class="pp-class-382 pa t29798 l53460 ls650">cycle. </span><span class="pp-class-382 pa t29798 l53461 ls3190">Accordingly, </span><span class="pp-class-382 pa t29798 l53462 ls960">they </span><span class="pp-class-382 pa t29798 l53463 ls2970">are </span><span class="pp-class-382 pa t36806 l3 ls852">presented </span><span class="pp-class-382 pa t36806 l49824 ls1237">outside </span><span class="pp-class-382 pa t36806 l14636 ls1073">financing </span><span class="pp-class-382 pa t36806 l27453 ls1323">cash </span><span class="pp-class-382 pa t36806 l17186 ls1083">flows, </span><span class="pp-class-382 pa t36806 l53464 ls2486">within </span><span class="pp-class-382 pa t36806 l53465 ls2486">change </span><span class="pp-class-382 pa t36806 l53466 ls1080">in </span><span class="pp-class-382 pa t36806 l53467 ls728">working </span><span class="pp-class-382 pa t36806 l53468 ls806">capital.</span></p></div></div></div></div></div><div id="pp-id-5220" xmlns="http://www.w3.org/1999/xhtml"><div class="w53541 h53542 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls185">3.2.5 </span><span class="pp-class-370 pa t21055 l43638 ls37">Pension </span><span class="pp-class-370 pa t21055 l53543">and </span><span class="pp-class-370 pa t21055 l53544 ls45">jubilee </span><span class="pp-class-370 pa t21055 l53545">liabilities</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53546 l3 ls704 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t53546 l53547 ls1955 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-382 pa t53546 l53548 ls332 wtro3159 wtr1724 tro3160 tr1725">contributes </span><span class="pp-class-382 pa t53546 l53549 ls78 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t53546 l53550 ls944 wtro3159 wtr1724 tro3160 tr1725">defined </span><span class="pp-class-382 pa t53546 l53551 ls316 wtro3159 wtr1724 tro3160 tr1725">contribution </span><span class="pp-class-382 pa t53546 l53552 ls166 wtro3159 wtr1724 tro3160 tr1725">plans </span><span class="pp-class-382 pa t53546 l53553 ls193 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t53546 l53554 ls931 wtro3159 wtr1724 tro3160 tr1725">well </span><span class="pp-class-382 pa t53546 l53555 ls193 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t53546 l53556 ls944 wtro3159 wtr1724 tro3160 tr1725">defined </span><span class="pp-class-382 pa t53546 l53557 ls944 wtro3159 wtr1724 tro3160 tr1725">benefit </span><span class="pp-class-382 pa t53546 l53558 ls166 wtro3159 wtr1724 tro3160 tr1725">plans. </span><span class="pp-class-382 pa t53546 l53559 ls704 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t53546 l53560 ls150 wtro3159 wtr1724 tro3160 tr1725">majority </span><span class="pp-class-382 pa t53546 l45090 ls166 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t53546 l53561 ls1264 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53546 l53562 ls704 wtro3159 wtr1724 tro3160 tr1725">pension </span><span class="pp-class-382 pa t53563 l3 ls166 wtro3159 wtr1724 tro3160 tr1725">plans </span><span class="pp-class-382 pa t53563 l29427 ls1323 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t53563 l53564 ls166 wtro3159 wtr1724 tro3160 tr1725">funded </span><span class="pp-class-382 pa t53563 l53565 ls302 wtro3159 wtr1724 tro3160 tr1725">through </span><span class="pp-class-382 pa t53563 l53566 ls124 wtro3159 wtr1724 tro3160 tr1725">payments </span><span class="pp-class-382 pa t53563 l53567 ls78 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t53563 l53568 ls316 wtro3159 wtr1724 tro3160 tr1725">independent </span><span class="pp-class-382 pa t53563 l53569 ls897 wtro3159 wtr1724 tro3160 tr1725">insurance </span><span class="pp-class-382 pa t53563 l53570 ls150 wtro3159 wtr1724 tro3160 tr1725">companies </span><span class="pp-class-382 pa t53563 l53571 ls16 wtro3159 wtr1724 tro3160 tr1725">responsible </span><span class="pp-class-382 pa t53563 l53572 ls180 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t53563 l53573 ls704 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53563 l53574 ls150 wtro3159 wtr1724 tro3160 tr1725">pension </span><span class="pp-class-382 pa t53563 l53575 ls997 wtro3159 wtr1724 tro3160 tr1725">obligation </span><span class="pp-class-382 pa t53576 l3 ls3024 wtro3159 wtr1724 tro3160 tr1725">towards </span><span class="pp-class-382 pa t53576 l53577 ls1073 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53576 l53578 ls864 wtro3159 wtr1724 tro3160 tr1725">employees </span><span class="pp-class-382 pa t53576 l35358 ls3630 wtro3159 wtr1724 tro3160 tr1725">(defined </span><span class="pp-class-382 pa t53576 l53579 ls2142 wtro3159 wtr1724 tro3160 tr1725">contribution </span><span class="pp-class-382 pa t53576 l53580 ls960 wtro3159 wtr1724 tro3160 tr1725">plans). </span><span class="pp-class-382 pa t53576 l53581 ls1323 wtro3159 wtr1724 tro3160 tr1725">In </span><span class="pp-class-382 pa t53576 l53582 ls1772 wtro3159 wtr1724 tro3160 tr1725">these </span><span class="pp-class-382 pa t53576 l53583 ls1772 wtro3159 wtr1724 tro3160 tr1725">plans </span><span class="pp-class-382 pa t53576 l53531 ls1073 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53576 l53584 ls646 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-382 pa t53576 l53585 ls1073 wtro3159 wtr1724 tro3160 tr1725">has </span><span class="pp-class-382 pa t53576 l53586 ls1323 wtro3159 wtr1724 tro3160 tr1725">no </span><span class="pp-class-382 pa t53576 l53587 ls1772 wtro3159 wtr1724 tro3160 tr1725">legal </span><span class="pp-class-382 pa t53576 l53588 ls1323 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t53576 l53589 ls4305 wtro3159 wtr1724 tro3160 tr1725">constructive </span><span class="pp-class-382 pa t53576 l53590 ls6360 wtro3159 wtr1724 tro3160 tr1725">obligation </span><span class="pp-class-382 pa t53591 l3 ls78 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t53591 l53592 ls1298 wtro3159 wtr1724 tro3160 tr1725">pay </span><span class="pp-class-382 pa t53591 l53593 ls2220 wtro3159 wtr1724 tro3160 tr1725">further </span><span class="pp-class-382 pa t53591 l53594 ls316 wtro3159 wtr1724 tro3160 tr1725">contributions </span><span class="pp-class-382 pa t53591 l53595 ls230 wtro3159 wtr1724 tro3160 tr1725">irrespective </span><span class="pp-class-382 pa t53591 l53596 ls166 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t53591 l53597 ls704 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53591 l53598 ls150 wtro3159 wtr1724 tro3160 tr1725">financial </span><span class="pp-class-382 pa t53591 l53599 ls138 wtro3159 wtr1724 tro3160 tr1725">situation </span><span class="pp-class-382 pa t53591 l53600 ls166 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t53591 l53601 ls166 wtro3159 wtr1724 tro3160 tr1725">these </span><span class="pp-class-382 pa t53591 l53602 ls897 wtro3159 wtr1724 tro3160 tr1725">insurance </span><span class="pp-class-382 pa t53591 l53603 ls150 wtro3159 wtr1724 tro3160 tr1725">companies </span><span class="pp-class-382 pa t53591 l53604 ls193 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t53591 l53605 ls704 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53591 l53606 ls85 wtro3159 wtr1724 tro3160 tr1725">return </span><span class="pp-class-382 pa t53591 l53607 ls175 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t53608 l3 ls704 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53608 l21989 ls302 wtro3159 wtr1724 tro3160 tr1725">underlying </span><span class="pp-class-382 pa t53608 l53609 ls110 wtro3159 wtr1724 tro3160 tr1725">investments. </span><span class="pp-class-382 pa t53608 l53610 ls671 wtro3159 wtr1724 tro3160 tr1725">Pension </span><span class="pp-class-382 pa t53608 l53611 ls166 wtro3159 wtr1724 tro3160 tr1725">costs </span><span class="pp-class-382 pa t53608 l53612 ls1298 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t53608 l53613 ls258 wtro3159 wtr1724 tro3160 tr1725">such </span><span class="pp-class-382 pa t53608 l53614 ls166 wtro3159 wtr1724 tro3160 tr1725">plans </span><span class="pp-class-382 pa t53608 l53615 ls1323 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t53608 l53616 ls203 wtro3159 wtr1724 tro3160 tr1725">expensed </span><span class="pp-class-382 pa t53608 l53617 ls193 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t53608 l53618 ls1264 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t53608 l53619 ls166 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t53608 l53620 ls68 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t53608 l53621 ls258 wtro3159 wtr1724 tro3160 tr1725">when </span><span class="pp-class-382 pa t53608 l53622 ls203 wtro3159 wtr1724 tro3160 tr1725">incurred.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53623 l3">The </span><span class="pp-class-382 pa t53623 l16790 ls110">Group </span><span class="pp-class-382 pa t53623 l47837">has </span><span class="pp-class-382 pa t53623 l4264 ls2220">defined </span><span class="pp-class-382 pa t53623 l47780 ls2220">benefit </span><span class="pp-class-382 pa t53623 l53624">plans, </span><span class="pp-class-382 pa t53623 l53625 ls138">primarily </span><span class="pp-class-382 pa t53623 l53626">in </span><span class="pp-class-382 pa t53623 l53627">the </span><span class="pp-class-382 pa t53623 l53628 ls842">United </span><span class="pp-class-382 pa t53623 l53629">Kingdom. </span><span class="pp-class-382 pa t53623 l53630">In </span><span class="pp-class-382 pa t53623 l53631 ls175">addition, </span><span class="pp-class-382 pa t53623 l53632 ls110">there </span><span class="pp-class-382 pa t53623 l53633 ls85">are </span><span class="pp-class-382 pa t53623 l53634 ls12">minor </span><span class="pp-class-382 pa t53623 l53635 ls2220">defined </span><span class="pp-class-382 pa t53636 l3 ls2220">benefit </span><span class="pp-class-382 pa t53636 l53637">plans </span><span class="pp-class-382 pa t53636 l53638">in </span><span class="pp-class-382 pa t53636 l53639 ls1244">Norway, </span><span class="pp-class-382 pa t53636 l53640">Belgium, </span><span class="pp-class-382 pa t53636 l53641 ls1864">Italy, </span><span class="pp-class-382 pa t53636 l53642 ls1243">Türkiye, </span><span class="pp-class-382 pa t53636 l53643 ls2084">Lithuania, </span><span class="pp-class-382 pa t53636 l53644 ls897">France, </span><span class="pp-class-382 pa t53636 l53645 ls1237">Germany, </span><span class="pp-class-382 pa t53636 l53646 ls12">Denmark, </span><span class="pp-class-382 pa t53636 l53647 ls12">and </span><span class="pp-class-382 pa t53636 l53648 ls1005">Sweden. </span><span class="pp-class-382 pa t53636 l53649 ls12">The </span><span class="pp-class-382 pa t53650 l3 ls842">United </span><span class="pp-class-382 pa t53650 l53651">Kingdom </span><span class="pp-class-382 pa t53650 l53652 ls1264">accounts </span><span class="pp-class-382 pa t53650 l53653 ls43">for </span><span class="pp-class-382 pa t53650 l10808 ls650">-46.9%</span><span class="pp-class-374 pa t53654 l53655">1</span><span class="pp-class-382 pa t53650 l53656"/><span class="pp-class-382 pa t53650 l53657">(2023: </span><span class="pp-class-382 pa t53650 l53658">12.1%) </span><span class="pp-class-382 pa t53650 l53659 ls287">of </span><span class="pp-class-382 pa t53650 l53660">the </span><span class="pp-class-382 pa t53650 l53661 ls854">total </span><span class="pp-class-382 pa t53650 l53662 ls150">net </span><span class="pp-class-382 pa t53650 l53663">liability </span><span class="pp-class-382 pa t53650 l53664">and </span><span class="pp-class-382 pa t53650 l53665 ls2970">88.4% </span><span class="pp-class-382 pa t53650 l53666 ls12">(2023: </span><span class="pp-class-382 pa t53650 l53667 ls302">91.8%) </span><span class="pp-class-382 pa t53650 l53668 ls287">of </span><span class="pp-class-382 pa t53650 l53669">the </span><span class="pp-class-382 pa t53670 l3">funded </span><span class="pp-class-382 pa t53670 l53671">and </span><span class="pp-class-382 pa t53670 l34216 ls970">unfunded </span><span class="pp-class-382 pa t53670 l12999 ls90">obligation. </span><span class="pp-class-382 pa t53670 l53672">The </span><span class="pp-class-382 pa t53670 l53673">majority </span><span class="pp-class-382 pa t53670 l32073 ls287">of </span><span class="pp-class-382 pa t53670 l53674">the </span><span class="pp-class-382 pa t53670 l53675 ls2220">defined </span><span class="pp-class-382 pa t53670 l53676 ls2220">benefit </span><span class="pp-class-382 pa t53670 l53677">plans </span><span class="pp-class-382 pa t53670 l31688 ls85">are </span><span class="pp-class-382 pa t53670 l53678 ls12">pension </span><span class="pp-class-382 pa t53670 l53679 ls12">plans </span><span class="pp-class-382 pa t53670 l53680 ls81">that </span><span class="pp-class-382 pa t53670 l53681 ls1099">yearly </span><span class="pp-class-382 pa t53670 l53682 ls931">pay </span><span class="pp-class-382 pa t53683 l3">out </span><span class="pp-class-382 pa t53683 l53684">a </span><span class="pp-class-382 pa t53683 l13687 ls910">certain </span><span class="pp-class-382 pa t53683 l53685 ls16">percentage </span><span class="pp-class-382 pa t53683 l53686 ls287">of </span><span class="pp-class-382 pa t53683 l53687">the </span><span class="pp-class-382 pa t53683 l53688 ls1733">employee’s </span><span class="pp-class-382 pa t53683 l53689">final </span><span class="pp-class-382 pa t53683 l53690 ls1969">salary </span><span class="pp-class-382 pa t53683 l53691">upon </span><span class="pp-class-382 pa t53683 l53692 ls978">retirement. </span><span class="pp-class-382 pa t53683 l53693">The </span><span class="pp-class-382 pa t53683 l53694 ls12">pensions </span><span class="pp-class-382 pa t53683 l53695 ls85">are </span><span class="pp-class-382 pa t53683 l53696">paid </span><span class="pp-class-382 pa t53683 l53697">out </span><span class="pp-class-382 pa t53683 l53698 ls12">as </span><span class="pp-class-382 pa t53683 l53699 ls931">from </span><span class="pp-class-382 pa t53700 l3 ls88">retirement </span><span class="pp-class-382 pa t53700 l53701">and </span><span class="pp-class-382 pa t53700 l53702">during </span><span class="pp-class-382 pa t53700 l18348">the </span><span class="pp-class-382 pa t53700 l32279 ls241">remaining </span><span class="pp-class-382 pa t53700 l53703 ls1005">life </span><span class="pp-class-382 pa t53700 l53704 ls287">of </span><span class="pp-class-382 pa t53700 l53705">the </span><span class="pp-class-382 pa t53700 l53706 ls124">employee. </span><span class="pp-class-382 pa t53700 l53707">The </span><span class="pp-class-382 pa t53700 l53708 ls16">percentage </span><span class="pp-class-382 pa t53700 l53709 ls287">of </span><span class="pp-class-382 pa t53700 l53710">the </span><span class="pp-class-382 pa t53700 l53711 ls1969">salary </span><span class="pp-class-382 pa t53700 l53712">is </span><span class="pp-class-382 pa t53700 l53713 ls287">dependent </span><span class="pp-class-382 pa t53700 l53714 ls287">of </span><span class="pp-class-382 pa t53700 l53715 ls12">the </span><span class="pp-class-382 pa t53716 l3">seniority </span><span class="pp-class-382 pa t53716 l53717 ls287">of </span><span class="pp-class-382 pa t53716 l53718">the </span><span class="pp-class-382 pa t53716 l53719 ls16">employee </span><span class="pp-class-382 pa t53716 l53720 ls187">except </span><span class="pp-class-382 pa t53716 l53721 ls43">for </span><span class="pp-class-382 pa t53716 l53722 ls910">certain </span><span class="pp-class-382 pa t53716 l53723">closed </span><span class="pp-class-382 pa t53716 l53724">plans </span><span class="pp-class-382 pa t53716 l53725">in </span><span class="pp-class-382 pa t53716 l53726">the </span><span class="pp-class-382 pa t53716 l53727 ls842">United </span><span class="pp-class-382 pa t53716 l53728">Kingdom </span><span class="pp-class-382 pa t53716 l53729 ls12">and </span><span class="pp-class-382 pa t53716 l53730">some </span><span class="pp-class-382 pa t53716 l53731 ls287">of </span><span class="pp-class-382 pa t53716 l53732 ls12">the </span><span class="pp-class-382 pa t53716 l53733 ls72">other </span><span class="pp-class-382 pa t53716 l53734 ls12">minor </span><span class="pp-class-382 pa t53735 l3">plans. </span><span class="pp-class-382 pa t53735 l16676">The </span><span class="pp-class-382 pa t53735 l53736 ls2220">defined </span><span class="pp-class-382 pa t53735 l53737 ls2220">benefit </span><span class="pp-class-382 pa t53735 l53738">plans </span><span class="pp-class-382 pa t53735 l53739 ls138">typically </span><span class="pp-class-382 pa t53735 l53740 ls813">include </span><span class="pp-class-382 pa t53735 l53741">a </span><span class="pp-class-382 pa t53735 l46411">spouse </span><span class="pp-class-382 pa t53735 l53742">pension </span><span class="pp-class-382 pa t53735 l53743">and </span><span class="pp-class-382 pa t53735 l53744">disability </span><span class="pp-class-382 pa t53735 l53745 ls138">insurance.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53746 l3 ls2595">Some </span><span class="pp-class-382 pa t53746 l53747 ls4906">of </span><span class="pp-class-382 pa t53746 l53748 ls4575">the </span><span class="pp-class-382 pa t53746 l53749 ls6081">pension </span><span class="pp-class-382 pa t53746 l41430 ls4504">plans </span><span class="pp-class-382 pa t53746 l53750 ls6330">in </span><span class="pp-class-382 pa t53746 l53751 ls1969">Sweden </span><span class="pp-class-382 pa t53746 l53752 ls43">are </span><span class="pp-class-382 pa t53746 l53753 ls502">multi-employer </span><span class="pp-class-382 pa t53746 l20892 ls2632">plans, </span><span class="pp-class-382 pa t53746 l53754 ls892">covering </span><span class="pp-class-382 pa t53746 l53755 ls5681">a </span><span class="pp-class-382 pa t53746 l53756 ls2220">large </span><span class="pp-class-382 pa t53746 l53757 ls2632">number </span><span class="pp-class-382 pa t53746 l53758 ls4906">of </span><span class="pp-class-382 pa t53746 l53759 ls2595">enterprises. </span><span class="pp-class-382 pa t53746 l53760 ls5681">The </span><span class="pp-class-382 pa t53761 l3 ls4504">plans </span><span class="pp-class-382 pa t53761 l18479 ls43">are </span><span class="pp-class-382 pa t53761 l53762 ls1267">collective </span><span class="pp-class-382 pa t53761 l53763 ls4575">and </span><span class="pp-class-382 pa t53761 l53764 ls81">covered </span><span class="pp-class-382 pa t53761 l28805 ls502">through </span><span class="pp-class-382 pa t53761 l53765 ls2029">contributions </span><span class="pp-class-382 pa t53761 l53766 ls2595">paid </span><span class="pp-class-382 pa t53761 l53767 ls1969">to </span><span class="pp-class-382 pa t53761 l53768 ls4575">the </span><span class="pp-class-382 pa t53761 l53769 ls6081">pension </span><span class="pp-class-382 pa t53761 l47845 ls4906">company </span><span class="pp-class-382 pa t53761 l53770 ls5129">Alecta. </span><span class="pp-class-382 pa t53761 l53771 ls4575">The </span><span class="pp-class-382 pa t53761 l53772 ls191">Swedish </span><span class="pp-class-382 pa t53773 l3 ls2029">Financial </span><span class="pp-class-382 pa t53773 l53774 ls4906">Accounting </span><span class="pp-class-382 pa t53773 l53775 ls272">Standards </span><span class="pp-class-382 pa t53773 l2280 ls78">Council’s </span><span class="pp-class-382 pa t53773 l53776 ls4185">interpretations </span><span class="pp-class-382 pa t53773 l53777 ls4553">committee </span><span class="pp-class-382 pa t53773 l53778 ls1969">(Redovisningsrådet) </span><span class="pp-class-382 pa t53773 l53779 ls4575">has </span><span class="pp-class-382 pa t53773 l53780 ls5493">defined </span><span class="pp-class-382 pa t53773 l53781 ls4906">this </span><span class="pp-class-382 pa t53782 l3 ls2595">plan </span><span class="pp-class-382 pa t53782 l53783 ls6330">as </span><span class="pp-class-382 pa t53782 l53784 ls4512">a </span><span class="pp-class-382 pa t53782 l45037 ls502">multi-employer </span><span class="pp-class-382 pa t53782 l53785 ls5493">defined </span><span class="pp-class-382 pa t53782 l53786 ls5493">benefit </span><span class="pp-class-382 pa t53782 l53787 ls4504">plan. </span><span class="pp-class-382 pa t53782 l53788 ls858">Presently, </span><span class="pp-class-382 pa t53782 l53789 ls6330">it </span><span class="pp-class-382 pa t53782 l53790 ls6330">is </span><span class="pp-class-382 pa t53782 l53791 ls324">not </span><span class="pp-class-382 pa t53782 l53792 ls2029">possible </span><span class="pp-class-382 pa t53782 l53793 ls1969">to </span><span class="pp-class-382 pa t53782 l53794 ls5681">obtain </span><span class="pp-class-382 pa t53782 l53795 ls2632">sufficient </span><span class="pp-class-382 pa t53782 l53796 ls502">information </span><span class="pp-class-382 pa t31816 l3 ls45">from </span><span class="pp-class-382 pa t31816 l15939 ls5681">Alecta </span><span class="pp-class-382 pa t31816 l53797 ls1969">to </span><span class="pp-class-382 pa t31816 l53798 ls2058">apportion </span><span class="pp-class-382 pa t31816 l16363 ls6330">assets </span><span class="pp-class-382 pa t31816 l53799 ls4575">and </span><span class="pp-class-382 pa t31816 l53800 ls2065">liabilities </span><span class="pp-class-382 pa t31816 l53801 ls4906">of </span><span class="pp-class-382 pa t31816 l53802 ls4575">the </span><span class="pp-class-382 pa t31816 l53803 ls4504">plans </span><span class="pp-class-382 pa t31816 l53804 ls1969">to </span><span class="pp-class-382 pa t31816 l53805 ls4575">the </span><span class="pp-class-382 pa t31816 l53806 ls6081">participating </span><span class="pp-class-382 pa t31816 l53807 ls2554">employers. </span><span class="pp-class-382 pa t31816 l53808 ls1259">Consequently, </span><span class="pp-class-382 pa t31816 l53809 ls5681">the </span><span class="pp-class-382 pa t53810 l3 ls6081">pension </span><span class="pp-class-382 pa t53810 l53811 ls4504">plans </span><span class="pp-class-382 pa t53810 l29685 ls43">are </span><span class="pp-class-382 pa t53810 l53812 ls910">similarly </span><span class="pp-class-382 pa t53810 l53813 ls1969">to </span><span class="pp-class-382 pa t53810 l16393 ls4504">prior </span><span class="pp-class-382 pa t53810 l53814 ls502">years </span><span class="pp-class-382 pa t53810 l17370 ls258">treated </span><span class="pp-class-382 pa t53810 l53815 ls6330">as </span><span class="pp-class-382 pa t53810 l53816 ls5493">defined </span><span class="pp-class-382 pa t53810 l53817 ls6081">contribution </span><span class="pp-class-382 pa t53810 l37563 ls2632">plans. </span><span class="pp-class-382 pa t53810 l53818 ls4575">The </span><span class="pp-class-382 pa t53810 l53819 ls2029">contributions </span><span class="pp-class-382 pa t53810 l53820 ls43">are </span><span class="pp-class-382 pa t53810 l53821 ls5681">DKK </span><span class="pp-class-382 pa t53822 l3 ls6330">3m </span><span class="pp-class-382 pa t53822 l53823 ls6330">in </span><span class="pp-class-382 pa t53822 l53824 ls12">2024 </span><span class="pp-class-382 pa t53822 l16638 ls2632">(2023: </span><span class="pp-class-382 pa t53822 l53825 ls4575">DKK </span><span class="pp-class-382 pa t53822 l53826 ls2595">3m). </span><span class="pp-class-382 pa t53822 l53827 ls4575">The </span><span class="pp-class-382 pa t53822 l17197 ls1267">collective </span><span class="pp-class-382 pa t53822 l53828 ls6081">funding </span><span class="pp-class-382 pa t53822 l53829 ls78">ratio </span><span class="pp-class-382 pa t53822 l53830 ls913">at </span><span class="pp-class-382 pa t53822 l53831 ls5681">Alecta </span><span class="pp-class-382 pa t53822 l53832 ls2595">amounts </span><span class="pp-class-382 pa t53822 l53833 ls1969">to </span><span class="pp-class-382 pa t53822 l53834 ls324">163% </span><span class="pp-class-382 pa t53822 l53835 ls6330">as </span><span class="pp-class-382 pa t53822 l53836 ls4575">per </span><span class="pp-class-382 pa t53822 l53837 ls6330">September </span><span class="pp-class-382 pa t53822 l53838 ls175">2024 </span><span class="pp-class-382 pa t53839 l3 ls2652">(September </span><span class="pp-class-382 pa t53839 l4323 ls4504">2023: </span><span class="pp-class-382 pa t53839 l53840 ls3477">178%). </span><span class="pp-class-382 pa t53839 l53841 ls1531">For </span><span class="pp-class-382 pa t53839 l53842 ls278">2025, </span><span class="pp-class-382 pa t53839 l53843 ls4575">the </span><span class="pp-class-382 pa t53839 l53844 ls2029">contributions </span><span class="pp-class-382 pa t53839 l53845 ls43">are </span><span class="pp-class-382 pa t53839 l53846 ls980">expected </span><span class="pp-class-382 pa t53839 l53847 ls1969">to </span><span class="pp-class-382 pa t53839 l53848 ls6330">be </span><span class="pp-class-382 pa t53839 l53849 ls4575">DKK </span><span class="pp-class-382 pa t53839 l53850 ls4575">3m. </span><span class="pp-class-382 pa t53839 l46655 ls4504">DFDS’ </span><span class="pp-class-382 pa t53839 l53851 ls2220">share </span><span class="pp-class-382 pa t53839 l53852 ls4906">of </span><span class="pp-class-382 pa t53839 l53853 ls4575">the </span><span class="pp-class-382 pa t53839 l53854 ls3618">multi-</span><span class="pp-class-382 pa t53855 l3 ls892">employer </span><span class="pp-class-382 pa t53855 l17549 ls2595">plan </span><span class="pp-class-382 pa t53855 l53856 ls6330">is </span><span class="pp-class-382 pa t53855 l53857 ls1267">estimated </span><span class="pp-class-382 pa t53855 l53858 ls1969">to </span><span class="pp-class-382 pa t53855 l53859 ls6330">be </span><span class="pp-class-382 pa t53855 l53860 ls1667">around </span><span class="pp-class-382 pa t53855 l53861 ls1237">0.0042% </span><span class="pp-class-382 pa t53855 l53862 ls4575">and </span><span class="pp-class-382 pa t53855 l53863 ls4575">the </span><span class="pp-class-382 pa t53855 l53864 ls2029">liability </span><span class="pp-class-382 pa t53855 l53865 ls2329">follows </span><span class="pp-class-382 pa t53855 l29997 ls4575">the </span><span class="pp-class-382 pa t53855 l53866 ls2220">share </span><span class="pp-class-382 pa t53855 l53867 ls4906">of </span><span class="pp-class-382 pa t53855 l47025 ls4575">the </span><span class="pp-class-382 pa t53855 l53868 ls2554">total </span><span class="pp-class-382 pa t53855 l53869 ls2595">plan.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53870 l3">In </span><span class="pp-class-382 pa t53870 l34228 ls278">2024, </span><span class="pp-class-382 pa t53870 l53871">a </span><span class="pp-class-382 pa t53870 l53872">ruling </span><span class="pp-class-382 pa t53870 l53873">in </span><span class="pp-class-382 pa t53870 l44621">the </span><span class="pp-class-382 pa t53870 l53874">UK </span><span class="pp-class-382 pa t53870 l53300">on </span><span class="pp-class-382 pa t53870 l53875 ls287">amendments </span><span class="pp-class-382 pa t53870 l53876 ls128">made </span><span class="pp-class-382 pa t53870 l53877 ls166">to </span><span class="pp-class-382 pa t53870 l53878">a </span><span class="pp-class-382 pa t53870 l53879">non-DFDS </span><span class="pp-class-382 pa t53870 l53880">pension </span><span class="pp-class-382 pa t53870 l53881">scheme </span><span class="pp-class-382 pa t53870 l53882 ls43">for </span><span class="pp-class-382 pa t53870 l53883 ls12">the </span><span class="pp-class-382 pa t53870 l53884 ls78">years </span><span class="pp-class-382 pa t53870 l53885 ls1326">1997 </span><span class="pp-class-382 pa t53870 l53886">- </span><span class="pp-class-382 pa t53870 l53887 ls128">2016 </span><span class="pp-class-382 pa t53888 l3 ls124">was </span><span class="pp-class-382 pa t53888 l53889 ls982">concluded. </span><span class="pp-class-382 pa t53888 l31164">This </span><span class="pp-class-382 pa t53888 l53890">ruling </span><span class="pp-class-382 pa t53888 l14906 ls907">might </span><span class="pp-class-382 pa t53888 l53891 ls99">have </span><span class="pp-class-382 pa t53888 l53892 ls193">implications </span><span class="pp-class-382 pa t53888 l53893">on </span><span class="pp-class-382 pa t53888 l53894">the </span><span class="pp-class-382 pa t53888 l53895 ls110">Group </span><span class="pp-class-382 pa t53888 l53896">as </span><span class="pp-class-382 pa t53888 l53897 ls287">amendments </span><span class="pp-class-382 pa t53888 l53898 ls1237">were </span><span class="pp-class-382 pa t53888 l53899 ls12">also </span><span class="pp-class-382 pa t53888 l53900 ls128">made </span><span class="pp-class-382 pa t53888 l53901 ls166">to </span><span class="pp-class-382 pa t53888 l53902 ls12">the </span><span class="pp-class-382 pa t53903 l3 ls124">Group's </span><span class="pp-class-382 pa t53903 l53904">UK </span><span class="pp-class-382 pa t53903 l46000">pension </span><span class="pp-class-382 pa t53903 l53905">schemes </span><span class="pp-class-382 pa t53903 l53906">in </span><span class="pp-class-382 pa t53903 l53907">the </span><span class="pp-class-382 pa t53903 l53908">period </span><span class="pp-class-382 pa t53903 l53909">in </span><span class="pp-class-382 pa t53903 l53910">question. </span><span class="pp-class-382 pa t53903 l53911 ls72">Management </span><span class="pp-class-382 pa t53903 l53912">has </span><span class="pp-class-382 pa t53903 l53913 ls193">obtained </span><span class="pp-class-382 pa t53903 l53914 ls12">legal </span><span class="pp-class-382 pa t53903 l53915 ls2329">assessments </span><span class="pp-class-382 pa t53903 l53916 ls12">and </span><span class="pp-class-382 pa t53903 l53917 ls12">will </span><span class="pp-class-382 pa t53918 l3 ls287">continue </span><span class="pp-class-382 pa t53918 l45921 ls166">to </span><span class="pp-class-382 pa t53918 l48221">seek </span><span class="pp-class-382 pa t53918 l17220">legal </span><span class="pp-class-382 pa t53918 l53919 ls1264">advice </span><span class="pp-class-382 pa t53918 l53920">on </span><span class="pp-class-382 pa t53918 l53921">the </span><span class="pp-class-382 pa t53918 l37918 ls274">matter </span><span class="pp-class-382 pa t53918 l53922">and </span><span class="pp-class-382 pa t53918 l47974 ls180">act </span><span class="pp-class-382 pa t53918 l53923 ls5039">accordingly. </span><span class="pp-class-382 pa t53918 l53924 ls796">However, </span><span class="pp-class-382 pa t53918 l53925">as </span><span class="pp-class-382 pa t53918 l53926">a </span><span class="pp-class-382 pa t53918 l53927 ls193">detailed </span><span class="pp-class-382 pa t53918 l53928 ls278">investigation </span><span class="pp-class-382 pa t53918 l53929 ls258">into </span><span class="pp-class-382 pa t53930 l3 ls982">historic </span><span class="pp-class-382 pa t53930 l49594">Scheme </span><span class="pp-class-382 pa t53930 l14995 ls287">amendments </span><span class="pp-class-382 pa t53930 l30831">is </span><span class="pp-class-382 pa t53930 l51213 ls2835">at </span><span class="pp-class-382 pa t53930 l17394">an </span><span class="pp-class-382 pa t53930 l5818 ls214">early </span><span class="pp-class-382 pa t53930 l47587 ls138">stage, </span><span class="pp-class-382 pa t53930 l53931">the </span><span class="pp-class-382 pa t53930 l53932 ls907">amount </span><span class="pp-class-382 pa t53930 l53933 ls287">of </span><span class="pp-class-382 pa t53930 l53934 ls43">any </span><span class="pp-class-382 pa t53930 l53935 ls1264">potential </span><span class="pp-class-382 pa t53930 l53936 ls332">impact </span><span class="pp-class-382 pa t53930 l53937 ls12">on </span><span class="pp-class-382 pa t53930 l53938 ls12">the </span><span class="pp-class-382 pa t53930 l53939 ls2220">defined </span><span class="pp-class-382 pa t53930 l53940 ls2220">benefit </span><span class="pp-class-382 pa t53941 l3 ls704">obligation </span><span class="pp-class-382 pa t53941 l53942 ls175">cannot </span><span class="pp-class-382 pa t53941 l53943">be </span><span class="pp-class-382 pa t53941 l53944 ls813">confirmed </span><span class="pp-class-382 pa t53941 l42533">and </span><span class="pp-class-382 pa t53941 l53945">/ </span><span class="pp-class-382 pa t53941 l51896">or </span><span class="pp-class-382 pa t53941 l53946 ls1259">measured </span><span class="pp-class-382 pa t53941 l53947">with </span><span class="pp-class-382 pa t53941 l53948 ls287">sufficient </span><span class="pp-class-382 pa t53941 l53949 ls112">reliability </span><span class="pp-class-382 pa t53941 l53950 ls2835">at </span><span class="pp-class-382 pa t53941 l53951">the </span><span class="pp-class-382 pa t53941 l53952 ls16">2024 </span><span class="pp-class-382 pa t53941 l53953 ls1252">year-end.</span></p><table><tr><td colspan="3" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53954 l3">Based </span><span class="pp-class-373 pa t53954 l53955">on </span><span class="pp-class-373 pa t53954 l53956 ls193">actuarial </span><span class="pp-class-373 pa t53954 l53957 ls43">calculations </span><span class="pp-class-373 pa t53954 l53958">the </span><span class="pp-class-373 pa t53954 l53959 ls272">defined </span><span class="pp-class-373 pa t53954 l53960 ls272">benefit </span><span class="pp-class-373 pa t53954 l53961 ls175">plans </span><span class="pp-class-373 pa t53954 l53962 ls68">show </span><span class="pp-class-373 pa t53954 l53963">the </span><span class="pp-class-373 pa t53954 l53964 ls81">following </span><span class="pp-class-373 pa t53954 l53965 ls12">liabilities:</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53966 l3">DKK </span><span class="pp-class-372 pa t53966 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53966 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53966 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53967 l3 ls1326">Present </span><span class="pp-class-372 pa t53967 l53968 ls16">value </span><span class="pp-class-372 pa t53967 l31750 ls287">of </span><span class="pp-class-372 pa t53967 l53969">funded </span><span class="pp-class-372 pa t53967 l53970 ls2220">defined </span><span class="pp-class-372 pa t53967 l53971 ls2220">benefit </span><span class="pp-class-372 pa t53967 l53972 ls704">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53967 l50270">609</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53967 l53973">658</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53974 l3 ls128">Fair </span><span class="pp-class-372 pa t53974 l53975 ls16">value </span><span class="pp-class-372 pa t53974 l53976 ls287">of </span><span class="pp-class-372 pa t53974 l53977">plan </span><span class="pp-class-372 pa t53974 l49722 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53974 l53978">-633</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53974 l53979">-650</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53980 l3">Funded </span><span class="pp-class-373 pa t53980 l46269 ls272">defined </span><span class="pp-class-373 pa t53980 l135 ls272">benefit </span><span class="pp-class-373 pa t53980 l53981 ls944">obligations, </span><span class="pp-class-373 pa t53980 l53982 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53980 l53983 ls278">-24</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53980 l53984">8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53985 l3 ls1326">Present </span><span class="pp-class-372 pa t53985 l53968 ls16">value </span><span class="pp-class-372 pa t53985 l31750 ls287">of </span><span class="pp-class-372 pa t53985 l53969 ls970">unfunded </span><span class="pp-class-372 pa t53985 l53986 ls2220">defined </span><span class="pp-class-372 pa t53985 l53987 ls2220">benefit </span><span class="pp-class-372 pa t53985 l53988 ls704">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53985 l53989 ls3688">77</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53985 l48650">56</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53990 l3">Recognised </span><span class="pp-class-373 pa t53990 l17573">liabilities </span><span class="pp-class-373 pa t53990 l53991 ls175">for </span><span class="pp-class-373 pa t53990 l53992 ls272">defined </span><span class="pp-class-373 pa t53990 l30109 ls272">benefit </span><span class="pp-class-373 pa t53990 l53993 ls112">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53990 l53994">53</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53990 l53995">64</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53996 l3 ls897">Provision </span><span class="pp-class-372 pa t53996 l48780 ls43">for </span><span class="pp-class-372 pa t53996 l16535">jubilee </span><span class="pp-class-372 pa t53996 l53997">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53996 l53998 ls16">27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53996 l42351">26</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53999 l3 ls2459">Total </span><span class="pp-class-373 pa t53999 l29712 ls193">actuarial </span><span class="pp-class-373 pa t53999 l54000">liabilities, </span><span class="pp-class-373 pa t53999 l54001 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53999 l54002 ls128">79</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53999 l54003">90</span></p></td></tr></table><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54004 l3 ls1264">Pension </span><span class="pp-class-372 pa t54004 l41645 ls72">assets</span><span class="pp-class-374 pa t54005 l54006">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54004 l54007">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54004 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54008 l3 ls1264">Pension </span><span class="pp-class-372 pa t54008 l41645">and </span><span class="pp-class-372 pa t54008 l42796">jubilee </span><span class="pp-class-372 pa t54008 l42797">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54008 l50290 ls278">104</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54008 l54009">90</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54010 l3 ls2459">Total </span><span class="pp-class-373 pa t54010 l29712 ls193">actuarial </span><span class="pp-class-373 pa t54010 l54000">liabilities, </span><span class="pp-class-373 pa t54010 l54001 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54010 l54002 ls128">79</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54010 l54003">90</span></p></td></tr></table></div></div><div id="pp-id-5221" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h54011 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l3 ls882">Movements </span><span class="pp-class-373 pa t30329 l21857">in </span><span class="pp-class-373 pa t30329 l52962">the </span><span class="pp-class-373 pa t30329 l18367 ls813">net </span><span class="pp-class-373 pa t30329 l54012 ls128">present </span><span class="pp-class-373 pa t30329 l54013 ls110">value </span><span class="pp-class-373 pa t30329 l54014">of </span><span class="pp-class-373 pa t30329 l54015">funded </span><span class="pp-class-373 pa t30329 l54016">and </span><span class="pp-class-373 pa t30329 l54017 ls907">unfunded </span><span class="pp-class-373 pa t30329 l54018 ls272">defined </span><span class="pp-class-373 pa t48838 l3 ls272">benefit </span><span class="pp-class-373 pa t48838 l50517 ls112">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l3">Funded </span><span class="pp-class-372 pa t54019 l54020">and </span><span class="pp-class-372 pa t54019 l30858 ls970">unfunded </span><span class="pp-class-372 pa t54019 l29851 ls90">obligations </span><span class="pp-class-372 pa t54019 l54021 ls2835">at </span><span class="pp-class-372 pa t54019 l54022 ls1227">January </span><span class="pp-class-372 pa t54019 l54023">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l54024 ls2835">714</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l42700">683</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54025 l3 ls704">Addition </span><span class="pp-class-372 pa t54025 l47664 ls931">regarding </span><span class="pp-class-372 pa t54025 l54026 ls970">acquisition</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54025 l54027">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54025 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54028 l3 ls124">Foreign </span><span class="pp-class-372 pa t54028 l42531 ls230">exchange </span><span class="pp-class-372 pa t54028 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54028 l52976">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54028 l52948">15</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l3 ls1326">Current </span><span class="pp-class-372 pa t54029 l47286 ls1227">service </span><span class="pp-class-372 pa t54029 l54030">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l50255">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l47088">8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54031 l3 ls884">Interest </span><span class="pp-class-372 pa t54031 l14027">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54031 l54032">31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54031 l47303">32</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54033 l3 ls316">Actuarial </span><span class="pp-class-372 pa t54033 l17327">gain(-)/loss(+) </span><span class="pp-class-372 pa t54033 l54034">arising </span><span class="pp-class-372 pa t54033 l54035 ls931">from </span><span class="pp-class-372 pa t54033 l54036">changes </span><span class="pp-class-372 pa t54033 l54037">in </span><span class="pp-class-372 pa t54033 l54038 ls112">demographic </span><span class="pp-class-372 pa t54033 l54039 ls96">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54033 l54040">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54033 l54041 ls254">-27</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54042 l3 ls316">Actuarial </span><span class="pp-class-372 pa t54042 l17327">gain(-)/loss(+) </span><span class="pp-class-372 pa t54042 l54034">arising </span><span class="pp-class-372 pa t54042 l54035 ls931">from </span><span class="pp-class-372 pa t54042 l54036">changes </span><span class="pp-class-372 pa t54042 l54037">in </span><span class="pp-class-372 pa t54042 l54038">financial </span><span class="pp-class-372 pa t54042 l54043 ls96">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54042 l54044">-68</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54042 l50236">42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54045 l3 ls3502">Benefits </span><span class="pp-class-372 pa t54045 l54046">paid</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54045 l49764">-45</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54045 l54047">-39</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54048 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54048 l52990">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54048 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54049 l3">Funded </span><span class="pp-class-373 pa t54049 l46269">and </span><span class="pp-class-373 pa t54049 l54050 ls907">unfunded </span><span class="pp-class-373 pa t54049 l54051 ls128">obligations </span><span class="pp-class-373 pa t54049 l54052 ls1323">at </span><span class="pp-class-373 pa t54049 l54053">31 </span><span class="pp-class-373 pa t54049 l54054">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54049 l54055">685</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54049 l54056 ls842">714</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54057 l3 ls882">Movements </span><span class="pp-class-373 pa t54057 l21857">in </span><span class="pp-class-373 pa t54057 l52962">the </span><span class="pp-class-373 pa t54057 l18367 ls813">fair </span><span class="pp-class-373 pa t54057 l54058 ls110">value </span><span class="pp-class-373 pa t54057 l28127">of </span><span class="pp-class-373 pa t54057 l54059">the </span><span class="pp-class-373 pa t54057 l54060 ls272">defined </span><span class="pp-class-373 pa t54057 l54061 ls272">benefit </span><span class="pp-class-373 pa t54057 l54062 ls45">plan </span><span class="pp-class-373 pa t54057 l54063 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54064 l3">Plan </span><span class="pp-class-372 pa t54064 l54065 ls175">assets </span><span class="pp-class-372 pa t54064 l54066 ls2835">at </span><span class="pp-class-372 pa t54064 l37592">1 </span><span class="pp-class-372 pa t54064 l18289 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54064 l36840">-650</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54064 l54067">-619</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54068 l3 ls124">Foreign </span><span class="pp-class-372 pa t54068 l42531 ls230">exchange </span><span class="pp-class-372 pa t54068 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54068 l54069">-32</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54068 l54070 ls2835">-14</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54071 l3 ls128">Calculated </span><span class="pp-class-372 pa t54071 l18480 ls884">interest </span><span class="pp-class-372 pa t54071 l34979">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54071 l54072">-30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54071 l54073">-31</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54074 l3 ls175">Return </span><span class="pp-class-372 pa t54074 l3141">on </span><span class="pp-class-372 pa t54074 l3142">plan </span><span class="pp-class-372 pa t54074 l18000 ls175">assets </span><span class="pp-class-372 pa t54074 l54075 ls230">excluding </span><span class="pp-class-372 pa t54074 l54076 ls128">calculated </span><span class="pp-class-372 pa t54074 l54077 ls884">interest </span><span class="pp-class-372 pa t54074 l54078">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54074 l53310">59</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54074 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54079 l3">Costs </span><span class="pp-class-372 pa t54079 l54080 ls287">of </span><span class="pp-class-372 pa t54079 l54081 ls228">managing </span><span class="pp-class-372 pa t54079 l54082">the </span><span class="pp-class-372 pa t54079 l54083 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54079 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54079 l42414">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54084 l3 ls16">Employer </span><span class="pp-class-372 pa t54084 l54085 ls2329">contributions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54084 l54086">-23</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54084 l54087">-22</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54088 l3 ls3502">Benefits </span><span class="pp-class-372 pa t54088 l54046">paid</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54088 l54089">40</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54088 l48777">31</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54090 l3 ls45">Plan </span><span class="pp-class-373 pa t54090 l54091 ls907">assets </span><span class="pp-class-373 pa t54090 l53477 ls1323">at </span><span class="pp-class-373 pa t54090 l7354">31 </span><span class="pp-class-373 pa t54090 l54092">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54090 l54093">-633</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54090 l54094">-650</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54095 l3 ls45">Plan </span><span class="pp-class-373 pa t54095 l54091 ls907">assets </span><span class="pp-class-373 pa t54095 l53477">consist </span><span class="pp-class-373 pa t54095 l23615">of </span><span class="pp-class-373 pa t54095 l54096">the </span><span class="pp-class-373 pa t54095 l54097 ls81">following:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54098 l3">Cash </span><span class="pp-class-372 pa t54098 l3014">and </span><span class="pp-class-372 pa t54098 l18346">cash </span><span class="pp-class-372 pa t54098 l43303 ls144">equivalents</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54098 l54099">-4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54098 l54100">-3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54101 l3">Blended </span><span class="pp-class-372 pa t54101 l16163 ls1259">investment </span><span class="pp-class-372 pa t54101 l16672">funds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54101 l54102 ls128">-627</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54101 l54103">-645</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54104 l3">Other </span><span class="pp-class-372 pa t54104 l8525 ls175">assets </span><span class="pp-class-372 pa t54104 l54105 ls997">(primarily </span><span class="pp-class-372 pa t54104 l54106 ls671">insured </span><span class="pp-class-372 pa t54104 l39709 ls1264">plans)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54104 l54107">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54104 l47100">-2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54108 l3 ls2459">Total </span><span class="pp-class-373 pa t54108 l29712 ls45">plan </span><span class="pp-class-373 pa t54108 l54109 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54108 l54093">-633</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54108 l54094">-650</span></p></td></tr></table></div></div><div id="pp-id-5145" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls858">The </span><span class="pp-class-376 pa t3433 l16631 ls1319">United </span><span class="pp-class-376 pa t3433 l30142 ls2486">Kingdom</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3439 l3 ls1305">defined </span><span class="pp-class-376 pa t3439 l54110 ls1305">benefit </span><span class="pp-class-376 pa t3439 l54111 ls1759">plans </span><span class="pp-class-376 pa t3439 l54112 ls2459">are</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3445 l3 ls1083">at </span><span class="pp-class-376 pa t3445 l44213 ls53">accounting </span><span class="pp-class-376 pa t3445 l54113 ls1323">basis</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t4202 l3 ls852">overfunded </span><span class="pp-class-376 pa t4202 l40465 ls2784">by </span><span class="pp-class-376 pa t4202 l54114 ls1080">DKK</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t4210 l3 ls858">25m </span><span class="pp-class-376 pa t4210 l54115 ls1080">as </span><span class="pp-class-376 pa t4210 l54116 ls1099">per </span><span class="pp-class-376 pa t4210 l6826 ls858">end </span><span class="pp-class-376 pa t4210 l54117 ls103">of </span><span class="pp-class-376 pa t4210 l54118 ls1150">2024.</span></p></div></div><div id="pp-id-5222" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h54119 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls185">3.2.5 </span><span class="pp-class-370 pa t21055 l43638 ls37">Pension </span><span class="pp-class-370 pa t21055 l53543">and </span><span class="pp-class-370 pa t21055 l53544 ls45">jubilee </span><span class="pp-class-370 pa t21055 l53545">liabilities </span><span class="pp-class-371 pa t21055 l27192 ls155">(continued)</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3">Expenses </span><span class="pp-class-373 pa t42308 l54120 ls72">recognised </span><span class="pp-class-373 pa t42308 l54121">as </span><span class="pp-class-373 pa t42308 l54122 ls1955">employee </span><span class="pp-class-373 pa t42308 l54123">costs </span><span class="pp-class-373 pa t42308 l54124">in </span><span class="pp-class-373 pa t42308 l36025">the </span><span class="pp-class-373 pa t42308 l54125">income </span><span class="pp-class-373 pa t42308 l54126 ls254">statement:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3 ls1326">Current </span><span class="pp-class-372 pa t43125 l47286 ls1227">service </span><span class="pp-class-372 pa t43125 l54030">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l50255">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l47088">8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54127 l3 ls2459">Total </span><span class="pp-class-373 pa t54127 l29712 ls2329">included </span><span class="pp-class-373 pa t54127 l41723">in </span><span class="pp-class-373 pa t54127 l54128 ls1955">employee </span><span class="pp-class-373 pa t54127 l54129">costs </span><span class="pp-class-373 pa t54127 l43317 ls241">regarding </span><span class="pp-class-373 pa t54127 l54130 ls272">defined </span><span class="pp-class-373 pa t54127 l54131 ls272">benefit </span><span class="pp-class-373 pa t54127 l54132 ls45">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54127 l54133">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54127 l53984">8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54134 l3">Expenses </span><span class="pp-class-373 pa t54134 l54120 ls72">recognised </span><span class="pp-class-373 pa t54134 l54121">as </span><span class="pp-class-373 pa t54134 l54122 ls2548">financial </span><span class="pp-class-373 pa t54134 l54135">costs </span><span class="pp-class-373 pa t54134 l54136">in </span><span class="pp-class-373 pa t54134 l54137">the </span><span class="pp-class-373 pa t54134 l54138">income </span><span class="pp-class-373 pa t54134 l54139 ls254">statement:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54140 l3 ls884">Interest </span><span class="pp-class-372 pa t54140 l14027">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54140 l54032">31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54140 l47303">32</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54141 l3 ls884">Interest </span><span class="pp-class-372 pa t54141 l14027">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54141 l50449">30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54141 l48777">31</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54142 l3 ls2459">Total </span><span class="pp-class-373 pa t54142 l29712 ls2329">included </span><span class="pp-class-373 pa t54142 l41723">in </span><span class="pp-class-373 pa t54142 l54128 ls2548">financial </span><span class="pp-class-373 pa t54142 l54143">costs </span><span class="pp-class-373 pa t54142 l54144 ls241">regarding </span><span class="pp-class-373 pa t54142 l54145 ls272">defined </span><span class="pp-class-373 pa t54142 l54146 ls272">benefit </span><span class="pp-class-373 pa t54142 l48546 ls45">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54142 l54147">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54142 l47088">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54148 l3 ls2459">Total </span><span class="pp-class-373 pa t54148 l29712 ls884">expenses </span><span class="pp-class-373 pa t54148 l39595 ls175">for </span><span class="pp-class-373 pa t54148 l54149 ls272">defined </span><span class="pp-class-373 pa t54148 l54150 ls272">benefit </span><span class="pp-class-373 pa t54148 l54151 ls175">plans </span><span class="pp-class-373 pa t54148 l43291 ls72">recognised </span><span class="pp-class-373 pa t54148 l54152">in </span><span class="pp-class-373 pa t54148 l54153">the </span><span class="pp-class-373 pa t54148 l54154">income </span><span class="pp-class-373 pa t54148 l54155 ls78">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54148 l54156">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54148 l54157">9</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54158 l3">Expenses </span><span class="pp-class-373 pa t54158 l54120 ls72">recognised </span><span class="pp-class-373 pa t54158 l54121">in </span><span class="pp-class-373 pa t54158 l50377 ls907">other </span><span class="pp-class-373 pa t54158 l54159 ls241">comprehensive </span><span class="pp-class-373 pa t54158 l54160 ls72">income, </span><span class="pp-class-373 pa t54158 l54161 ls105">gain(-)/loss(+):</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54162 l3 ls144">Remeasurements </span><span class="pp-class-372 pa t54162 l9820 ls287">of </span><span class="pp-class-372 pa t54162 l34245">plan </span><span class="pp-class-372 pa t54162 l54163 ls704">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54162 l54164 ls728">-70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54162 l54165 ls302">16</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54166 l3 ls144">Remeasurements </span><span class="pp-class-372 pa t54166 l9820 ls287">of </span><span class="pp-class-372 pa t54166 l34245">plan </span><span class="pp-class-372 pa t54166 l54163 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54166 l52889">61</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54166 l42494">6</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54167 l3 ls2459">Total </span><span class="pp-class-373 pa t54167 l29712 ls2329">included </span><span class="pp-class-373 pa t54167 l41723">in </span><span class="pp-class-373 pa t54167 l54128 ls907">other </span><span class="pp-class-373 pa t54167 l54168 ls241">comprehensive </span><span class="pp-class-373 pa t54167 l53101">income </span><span class="pp-class-373 pa t54167 l54169 ls241">regarding </span><span class="pp-class-373 pa t54167 l54170 ls272">defined </span><span class="pp-class-373 pa t54167 l54171 ls272">benefit </span><span class="pp-class-373 pa t54167 l54172 ls45">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54167 l54173">-9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54167 l54174">21</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t54175 l3 ls3123 wtro3159 wtr1724 tro3160 tr1725">Actuarial </span><span class="pp-class-382 pa t54175 l54176 ls3382 wtro3159 wtr1724 tro3160 tr1725">calculations </span><span class="pp-class-382 pa t54175 l54177 ls2142 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t54175 l54178 ls8012 wtro3159 wtr1724 tro3160 tr1725">roll </span><span class="pp-class-382 pa t54175 l54179 ls3190 wtro3159 wtr1724 tro3160 tr1725">forward </span><span class="pp-class-382 pa t54175 l54180 ls3382 wtro3159 wtr1724 tro3160 tr1725">calculations </span><span class="pp-class-382 pa t54175 l54181 ls719 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t54175 l54182 ls1535 wtro3159 wtr1724 tro3160 tr1725">performed </span><span class="pp-class-382 pa t54175 l54183 ls712 wtro3159 wtr1724 tro3160 tr1725">annually </span><span class="pp-class-382 pa t54175 l54184 ls1864 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t54175 l54185 ls2944 wtro3159 wtr1724 tro3160 tr1725">all </span><span class="pp-class-382 pa t54175 l54186 ls650 wtro3159 wtr1724 tro3160 tr1725">defined </span><span class="pp-class-382 pa t54175 l54187 ls650 wtro3159 wtr1724 tro3160 tr1725">benefit </span><span class="pp-class-382 pa t54175 l54188 ls7756 wtro3159 wtr1724 tro3160 tr1725">plans. </span><span class="pp-class-382 pa t54175 l54189 ls3458 wtro3159 wtr1724 tro3160 tr1725">Assumptions </span><span class="pp-class-382 pa t54190 l3 ls688 wtro3159 wtr1724 tro3160 tr1725">regarding </span><span class="pp-class-382 pa t54190 l32058 ls1305 wtro3159 wtr1724 tro3160 tr1725">future </span><span class="pp-class-382 pa t54190 l54191 ls978 wtro3159 wtr1724 tro3160 tr1725">mortality </span><span class="pp-class-382 pa t54190 l14660 ls728 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t54190 l54192 ls302 wtro3159 wtr1724 tro3160 tr1725">based </span><span class="pp-class-382 pa t54190 l54193 ls16 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t54190 l54194 ls1140 wtro3159 wtr1724 tro3160 tr1725">actuarial </span><span class="pp-class-382 pa t54190 l54195 ls5558 wtro3159 wtr1724 tro3160 tr1725">advice </span><span class="pp-class-382 pa t54190 l54196 ls16 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t54190 l54197 ls1941 wtro3159 wtr1724 tro3160 tr1725">accordance </span><span class="pp-class-382 pa t54190 l54198 ls68 wtro3159 wtr1724 tro3160 tr1725">with </span><span class="pp-class-382 pa t54190 l54199 ls658 wtro3159 wtr1724 tro3160 tr1725">published </span><span class="pp-class-382 pa t54190 l54200 ls858 wtro3159 wtr1724 tro3160 tr1725">statistics </span><span class="pp-class-382 pa t54190 l54201 ls124 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t54190 l54202 ls1309 wtro3159 wtr1724 tro3160 tr1725">experience </span><span class="pp-class-382 pa t54203 l3 ls16 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t54203 l54204 ls1298 wtro3159 wtr1724 tro3160 tr1725">each </span><span class="pp-class-382 pa t54203 l54205 ls4299 wtro3159 wtr1724 tro3160 tr1725">country. </span><span class="pp-class-382 pa t54203 l30569 ls182 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t54203 l54206 ls1759 wtro3159 wtr1724 tro3160 tr1725">following </span><span class="pp-class-382 pa t54203 l54207 ls230 wtro3159 wtr1724 tro3160 tr1725">significant </span><span class="pp-class-382 pa t54203 l54208 ls840 wtro3159 wtr1724 tro3160 tr1725">assumptions </span><span class="pp-class-382 pa t54203 l49219 ls6007 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t54203 l54209 ls68 wtro3159 wtr1724 tro3160 tr1725">been </span><span class="pp-class-382 pa t54203 l54210 ls68 wtro3159 wtr1724 tro3160 tr1725">used </span><span class="pp-class-382 pa t54203 l54211 ls3572 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t54203 l54212 ls124 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t54203 l54213 ls1140 wtro3159 wtr1724 tro3160 tr1725">actuarial </span><span class="pp-class-382 pa t54203 l54214 ls3566 wtro3159 wtr1724 tro3160 tr1725">calculations.</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54215 l3 ls842">Assumptions:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54215 l54216"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54215 l54217"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54215 l42455"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54218 l3 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54219 l54220 ls842">United </span><span class="pp-class-372 pa t54218 l54221">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54218 l54222">Others</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54219 l54223 ls85">Weighted</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54218 l54224 ls5039">average</span><span class="pp-class-374 pa t54225 l46294">1</span><span class="pp-class-389 pa t54218 l54226"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54227 l3 ls287">Discount </span><span class="pp-class-372 pa t54227 l54228 ls1150">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54227 l54229 ls1789">5.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54227 l54230 ls8853">1.5%-3.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54227 l54231 ls3105">5.1%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54232 l3">Social </span><span class="pp-class-372 pa t54232 l3283">security </span><span class="pp-class-372 pa t54232 l54233 ls1150">rate</span><span class="pp-class-374 pa t54234 l54235">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54232 l54236 ls3102">0.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54232 l54237 ls1314">0.0%-3.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54232 l54238 ls3102">0.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54239 l3 ls134">Future </span><span class="pp-class-372 pa t54239 l54240 ls1969">salary </span><span class="pp-class-372 pa t54239 l16831 ls671">increase</span><span class="pp-class-374 pa t54241 l54242">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54239 l54236 ls3102">0.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54239 l54243 ls3539">0.0%-3.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54239 l54244 ls1736">0.3%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54245 l3 ls134">Future </span><span class="pp-class-372 pa t54245 l54240">pension </span><span class="pp-class-372 pa t54245 l54246 ls671">increase</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54245 l54247 ls1237">3.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54245 l54248 ls3458">0.0%-2.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54245 l54249 ls1237">2.8%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54250 l3 ls43">Inflation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54250 l54251 ls1101">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54250 l54252 ls650">0.0%-26.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54250 l54253 ls2805">3.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54254 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54254 l54255"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54254 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54256 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54257 l54220 ls842">United </span><span class="pp-class-372 pa t54256 l54221">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54256 l54222">Others</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54257 l54223 ls85">Weighted</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54256 l54258 ls5039">average</span><span class="pp-class-389 pa t54256 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54260 l3 ls287">Discount </span><span class="pp-class-372 pa t54260 l54228 ls1150">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54260 l54261 ls1101">4.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54260 l54230 ls8853">1.5%-3.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54260 l54262 ls1077">4.4%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54263 l3">Social </span><span class="pp-class-372 pa t54263 l3283">security </span><span class="pp-class-372 pa t54263 l54233 ls1150">rate</span><span class="pp-class-374 pa t54264 l54235">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54263 l54236 ls3102">0.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54263 l54237 ls1314">0.0%-3.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54263 l54238 ls3102">0.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54265 l3 ls134">Future </span><span class="pp-class-372 pa t54265 l54240 ls1969">salary </span><span class="pp-class-372 pa t54265 l16831 ls671">increase</span><span class="pp-class-374 pa t54266 l54242">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54265 l54236 ls3102">0.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54265 l54243 ls3539">0.0%-3.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54265 l54267 ls650">0.2%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54268 l3 ls134">Future </span><span class="pp-class-372 pa t54268 l54240">pension </span><span class="pp-class-372 pa t54268 l54246 ls671">increase</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54268 l54247 ls1237">3.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54268 l54248 ls3458">0.0%-2.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54268 l54249 ls3105">2.9%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54269 l3 ls43">Inflation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54269 l54251 ls1101">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54269 l54270 ls3310">0.0%-23.9%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54269 l54271 ls3105">2.6%</span></p></td></tr></table></div></div><div id="pp-id-5223" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h54272 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30568 l3 ls806">Significant </span><span class="pp-class-382 pa t30568 l54273 ls5039">actuarial </span><span class="pp-class-382 pa t30568 l54274 ls4275">assumptions </span><span class="pp-class-382 pa t30568 l54275 ls3278">for </span><span class="pp-class-382 pa t30568 l54276 ls858">the </span><span class="pp-class-382 pa t30568 l54277 ls6360">determination </span><span class="pp-class-382 pa t30568 l54278 ls103">of </span><span class="pp-class-382 pa t30568 l54279 ls858">the </span><span class="pp-class-382 pa t30568 l54280 ls3435">retirement </span><span class="pp-class-382 pa t30568 l54281 ls1305">benefit </span><span class="pp-class-382 pa t30568 l54282 ls688">obligation </span><span class="pp-class-382 pa t30568 l54283 ls800">are </span><span class="pp-class-382 pa t30568 l54284 ls1099">the </span><span class="pp-class-382 pa t30568 l54285 ls1224">discount </span><span class="pp-class-382 pa t30575 l3 ls2588">rate, </span><span class="pp-class-382 pa t30575 l54286 ls828">expected </span><span class="pp-class-382 pa t30575 l15253 ls1083">future </span><span class="pp-class-382 pa t30575 l54287 ls7756">remuneration </span><span class="pp-class-382 pa t30575 l16219 ls2970">increases, </span><span class="pp-class-382 pa t30575 l16268 ls858">and </span><span class="pp-class-382 pa t30575 l21748 ls828">expected </span><span class="pp-class-382 pa t30575 l54288 ls7756">mortality. </span><span class="pp-class-382 pa t30575 l54289 ls858">The </span><span class="pp-class-382 pa t30575 l54290 ls1118">sensitivity </span><span class="pp-class-382 pa t30575 l54291 ls2531">analysis </span><span class="pp-class-382 pa t30575 l54292 ls2142">below </span><span class="pp-class-382 pa t30575 l48553 ls858">has </span><span class="pp-class-382 pa t30575 l54293 ls1955">been </span><span class="pp-class-382 pa t30583 l3 ls2489">determined </span><span class="pp-class-382 pa t30583 l34408 ls1759">based </span><span class="pp-class-382 pa t30583 l54294 ls1080">on </span><span class="pp-class-382 pa t30583 l54295 ls2401">reasonably </span><span class="pp-class-382 pa t30583 l53195 ls7470">likely </span><span class="pp-class-382 pa t30583 l54296 ls1237">changes </span><span class="pp-class-382 pa t30583 l54297 ls1080">in </span><span class="pp-class-382 pa t30583 l54298 ls1099">the </span><span class="pp-class-382 pa t30583 l54299 ls4275">assumptions </span><span class="pp-class-382 pa t30583 l54300 ls1073">occurring </span><span class="pp-class-382 pa t30583 l54301 ls1083">at </span><span class="pp-class-382 pa t30583 l54302 ls858">the </span><span class="pp-class-382 pa t30583 l54303 ls858">end </span><span class="pp-class-382 pa t30583 l54304 ls103">of </span><span class="pp-class-382 pa t30583 l54305 ls1099">the </span><span class="pp-class-382 pa t30583 l54306 ls2486">period.</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54307 l3">DKK </span><span class="pp-class-372 pa t54307 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54307 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54307 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54308 l3">Sensitivity </span><span class="pp-class-373 pa t54308 l54309 ls230">analysis</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54310 l3 ls207">Reported </span><span class="pp-class-372 pa t54310 l39866 ls704">obligation </span><span class="pp-class-372 pa t54310 l54311">31 </span><span class="pp-class-372 pa t54310 l54312">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54310 l54313">685</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54310 l54314 ls2835">714</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54315 l3 ls287">Discount </span><span class="pp-class-372 pa t54315 l54228 ls3474">rate </span><span class="pp-class-372 pa t54315 l54316 ls15062">-0.5% </span><span class="pp-class-372 pa t54315 l52530 ls907">point </span><span class="pp-class-372 pa t54315 l54317 ls1259">compared </span><span class="pp-class-372 pa t54315 l54318 ls166">to </span><span class="pp-class-372 pa t54315 l54319 ls96">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54315 l54320 ls2760">724</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54315 l54321 ls728">759</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54322 l3 ls287">Discount </span><span class="pp-class-372 pa t54322 l54228 ls3474">rate </span><span class="pp-class-372 pa t54322 l54316 ls15062">+0.5% </span><span class="pp-class-372 pa t54322 l16295 ls907">point </span><span class="pp-class-372 pa t54322 l36325 ls1259">compared </span><span class="pp-class-372 pa t54322 l44639 ls166">to </span><span class="pp-class-372 pa t54322 l54323 ls96">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54322 l54324">650</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54322 l54325 ls24195">674</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54326 l3 ls1969">Salary </span><span class="pp-class-372 pa t54326 l54327 ls1259">increase </span><span class="pp-class-372 pa t54326 l54328 ls15062">-0.5% </span><span class="pp-class-372 pa t54326 l54329 ls907">point </span><span class="pp-class-372 pa t54326 l28467 ls1259">compared </span><span class="pp-class-372 pa t54326 l54330 ls166">to </span><span class="pp-class-372 pa t54326 l54331 ls96">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54326 l54332">684</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54326 l54333">713</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54334 l3 ls1969">Salary </span><span class="pp-class-372 pa t54334 l54327 ls1259">increase </span><span class="pp-class-372 pa t54334 l54328 ls15062">+0.5% </span><span class="pp-class-372 pa t54334 l54335 ls907">point </span><span class="pp-class-372 pa t54334 l54336 ls1259">compared </span><span class="pp-class-372 pa t54334 l54337 ls166">to </span><span class="pp-class-372 pa t54334 l54338 ls96">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54334 l54339 ls134">687</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54334 l54340">715</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54341 l3 ls4185">Mortality </span><span class="pp-class-372 pa t54341 l17191">-1 </span><span class="pp-class-372 pa t54341 l54342 ls1326">year </span><span class="pp-class-372 pa t54341 l37979 ls1259">compared </span><span class="pp-class-372 pa t54341 l54343">with </span><span class="pp-class-372 pa t54341 l54344">used </span><span class="pp-class-372 pa t54341 l54345 ls4185">mortality </span><span class="pp-class-372 pa t54341 l33916 ls37">tables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54341 l54346">671</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54341 l48884 ls728">702</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54347 l3 ls4185">Mortality </span><span class="pp-class-372 pa t54347 l17191">+1 </span><span class="pp-class-372 pa t54347 l54348 ls1326">year </span><span class="pp-class-372 pa t54347 l52135 ls1259">compared </span><span class="pp-class-372 pa t54347 l54349">with </span><span class="pp-class-372 pa t54347 l50872">used </span><span class="pp-class-372 pa t54347 l54350 ls4185">mortality </span><span class="pp-class-372 pa t54347 l44838 ls37">tables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54347 l54351 ls278">710</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54347 l54352 ls1080">729</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t54353 l3">The </span><span class="pp-class-382 pa t54353 l16790 ls4185">mortality </span><span class="pp-class-382 pa t54353 l54354 ls37">table </span><span class="pp-class-382 pa t54353 l54355">used </span><span class="pp-class-382 pa t54353 l33774 ls43">for </span><span class="pp-class-382 pa t54353 l33775">the </span><span class="pp-class-382 pa t54353 l54356 ls124">two </span><span class="pp-class-382 pa t54353 l54357 ls2220">defined </span><span class="pp-class-382 pa t54353 l54358 ls2220">benefit </span><span class="pp-class-382 pa t54353 l54359">schemes </span><span class="pp-class-382 pa t54353 l52003">in </span><span class="pp-class-382 pa t54353 l54360">the </span><span class="pp-class-382 pa t54353 l54361 ls842">United </span><span class="pp-class-382 pa t54353 l54362">Kingdom </span><span class="pp-class-382 pa t54353 l54363">is </span><span class="pp-class-382 pa t54353 l54364 ls12">the </span><span class="pp-class-382 pa t54353 l54365 ls12">public </span><span class="pp-class-382 pa t54353 l54366 ls2554">S3PxA </span><span class="pp-class-382 pa t54367 l3 ls37">table </span><span class="pp-class-382 pa t54367 l54368">with </span><span class="pp-class-382 pa t54367 l54369">annual </span><span class="pp-class-382 pa t54367 l16344 ls658">improvement </span><span class="pp-class-382 pa t54367 l54370 ls287">of </span><span class="pp-class-382 pa t54367 l54371">1.25% </span><span class="pp-class-382 pa t54367 l23135">(2023: </span><span class="pp-class-382 pa t54367 l2227 ls2554">S3PxA </span><span class="pp-class-382 pa t54367 l54372 ls37">table </span><span class="pp-class-382 pa t54367 l54373">with </span><span class="pp-class-382 pa t54367 l45086">1.25% </span><span class="pp-class-382 pa t54367 l54374">annual </span><span class="pp-class-382 pa t54367 l54375 ls978">improvement). </span><span class="pp-class-382 pa t54367 l54376 ls728">Average </span><span class="pp-class-382 pa t54377 l3 ls241">remaining </span><span class="pp-class-382 pa t54377 l54378 ls1005">life </span><span class="pp-class-382 pa t54377 l54379 ls882">expectancy </span><span class="pp-class-382 pa t54377 l54380 ls43">for </span><span class="pp-class-382 pa t54377 l31789">a </span><span class="pp-class-382 pa t54377 l54381 ls39">65-year-old </span><span class="pp-class-382 pa t54377 l48171">is </span><span class="pp-class-382 pa t54377 l54382 ls1789">22.7 </span><span class="pp-class-382 pa t54377 l54383 ls78">years </span><span class="pp-class-382 pa t54377 l54384">(2023: </span><span class="pp-class-382 pa t54377 l54385 ls1789">22.7 </span><span class="pp-class-382 pa t54377 l54386 ls81">years). </span><span class="pp-class-382 pa t54377 l54387 ls230">Weighted </span><span class="pp-class-382 pa t54377 l54388 ls806">average </span><span class="pp-class-382 pa t54377 l54389 ls68">duration </span><span class="pp-class-382 pa t54377 l54390 ls12">on </span><span class="pp-class-382 pa t54391 l3">the </span><span class="pp-class-382 pa t54391 l16246">liabilities </span><span class="pp-class-382 pa t54391 l54392">end </span><span class="pp-class-382 pa t54391 l46687 ls287">of </span><span class="pp-class-382 pa t54391 l54393 ls16">2024 </span><span class="pp-class-382 pa t54391 l54394">is </span><span class="pp-class-382 pa t54391 l54395 ls1073">11.6 </span><span class="pp-class-382 pa t54391 l54396 ls78">years </span><span class="pp-class-382 pa t54391 l46062">(2023: </span><span class="pp-class-382 pa t54391 l54397 ls1298">12.4 </span><span class="pp-class-382 pa t54391 l54398 ls81">years). </span><span class="pp-class-382 pa t54391 l54399">The </span><span class="pp-class-382 pa t54391 l54400 ls110">Group </span><span class="pp-class-382 pa t54391 l54401 ls39">expects </span><span class="pp-class-382 pa t54391 l54402 ls166">to </span><span class="pp-class-382 pa t54391 l54403 ls180">make </span><span class="pp-class-382 pa t54391 l18723 ls12">a </span><span class="pp-class-382 pa t54391 l54404 ls2329">contribution </span><span class="pp-class-382 pa t54391 l54405 ls287">of </span><span class="pp-class-382 pa t54391 l54406">DKK </span><span class="pp-class-382 pa t54407 l3">42m </span><span class="pp-class-382 pa t54407 l54408 ls166">to </span><span class="pp-class-382 pa t54407 l54409">the </span><span class="pp-class-382 pa t54407 l54410 ls2220">defined </span><span class="pp-class-382 pa t54407 l54411 ls2220">benefit </span><span class="pp-class-382 pa t54407 l54412">plans </span><span class="pp-class-382 pa t54407 l54413">in </span><span class="pp-class-382 pa t54407 l6265 ls858">2025. </span><span class="pp-class-382 pa t54407 l35002">The </span><span class="pp-class-382 pa t54407 l54414 ls180">expected </span><span class="pp-class-382 pa t54407 l54415 ls2329">contribution </span><span class="pp-class-382 pa t54407 l54416 ls43">for </span><span class="pp-class-382 pa t54407 l54417 ls16">2024 </span><span class="pp-class-382 pa t54407 l54418 ls124">was </span><span class="pp-class-382 pa t54407 l54419">DKK </span><span class="pp-class-382 pa t54407 l54420 ls12">28m, </span><span class="pp-class-382 pa t54407 l54421 ls12">which </span><span class="pp-class-382 pa t54407 l54422 ls12">turned </span><span class="pp-class-382 pa t54423 l3">out </span><span class="pp-class-382 pa t54423 l53684 ls166">to </span><span class="pp-class-382 pa t54423 l54424">be </span><span class="pp-class-382 pa t54423 l54425">DKK </span><span class="pp-class-382 pa t54423 l54426 ls128">27m.</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54427 l3">DKK </span><span class="pp-class-372 pa t54427 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54427 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54427 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54428 l3 ls254">Maturity </span><span class="pp-class-373 pa t54428 l54429 ls882">analysis </span><span class="pp-class-373 pa t54428 l30782">of </span><span class="pp-class-373 pa t54428 l54430">the </span><span class="pp-class-373 pa t54428 l29906 ls112">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54431 l3">0-1 </span><span class="pp-class-372 pa t54431 l54432 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54431 l54433">48</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54431 l54434">41</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54435 l3 ls4652">1-5 </span><span class="pp-class-372 pa t54435 l54436 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54435 l34597 ls2835">149</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54435 l50634 ls2835">146</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54437 l3 ls225">After </span><span class="pp-class-372 pa t54437 l26660">5 </span><span class="pp-class-372 pa t54437 l50407 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54437 l54438">489</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54437 l54439">528</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54440 l3 ls2459">Total </span><span class="pp-class-373 pa t54440 l29712 ls112">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54440 l54055">685</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54440 l54056 ls842">714</span></p></td></tr></table></div></div><div id="pp-id-5113" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3">All </span><span class="pp-class-376 pa t3433 l36712 ls39">factors </span><span class="pp-class-376 pa t3433 l32792 ls85">are </span><span class="pp-class-376 pa t3433 l29718 ls1259">weighted </span><span class="pp-class-376 pa t3439 l3 ls2835">at </span><span class="pp-class-376 pa t3439 l50183">the </span><span class="pp-class-376 pa t3439 l18655 ls85">pro </span><span class="pp-class-376 pa t3439 l54441 ls3474">rata </span><span class="pp-class-376 pa t3439 l54442 ls110">share </span><span class="pp-class-376 pa t3439 l37946 ls287">of </span><span class="pp-class-376 pa t3445 l3">the </span><span class="pp-class-376 pa t3445 l16246">individual </span><span class="pp-class-376 pa t3445 l54443 ls166">actuarial </span><span class="pp-class-376 pa t4202 l3 ls3539">obligation.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3453 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3457 l3">Schemes </span><span class="pp-class-376 pa t3457 l18475">closed </span><span class="pp-class-376 pa t3457 l54444 ls43">for </span><span class="pp-class-376 pa t3457 l54445 ls124">new </span><span class="pp-class-376 pa t3463 l3">members </span><span class="pp-class-376 pa t3463 l54446">will </span><span class="pp-class-376 pa t3463 l54447 ls99">have </span><span class="pp-class-376 pa t3463 l21243">a </span><span class="pp-class-376 pa t4229 l3">social </span><span class="pp-class-376 pa t4229 l54448">security </span><span class="pp-class-376 pa t4229 l54449 ls3474">rate </span><span class="pp-class-376 pa t4229 l54450">and </span><span class="pp-class-376 pa t4234 l3 ls134">future </span><span class="pp-class-376 pa t4234 l49955 ls1969">salary </span><span class="pp-class-376 pa t4234 l54451 ls1259">increase </span><span class="pp-class-376 pa t4241 l3 ls287">of </span><span class="pp-class-376 pa t4241 l16702">0%.</span></p></div></div><div class="pp-class-10" id="pp-id-5226" xmlns="http://www.w3.org/1999/xhtml"><div class="w54453 h54454 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls185">3.2.5 </span><span class="pp-class-370 pa t21055 l43638 ls37">Pension </span><span class="pp-class-370 pa t21055 l53543">and </span><span class="pp-class-370 pa t21055 l53544 ls45">jubilee </span><span class="pp-class-370 pa t21055 l53545">liabilities </span><span class="pp-class-371 pa t21055 l27192 ls155">(continued)</span></p><div id="pp-id-5225"><div class="pp-class-363 pp-class-395" id="pp-id-5224"><div class="w54455 h54456 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls296">Contributions </span><span class="pp-class-382 pa t29793 l54457 ls1759">to </span><span class="pp-class-382 pa t29793 l53074 ls1305">defined </span><span class="pp-class-382 pa t29793 l54458 ls296">contribution </span><span class="pp-class-382 pa t29793 l54459 ls1237">pension </span><span class="pp-class-382 pa t29793 l54460 ls1759">plans </span><span class="pp-class-382 pa t29793 l50524 ls800">are </span><span class="pp-class-382 pa t29793 l54461 ls2970">recognised </span><span class="pp-class-382 pa t29793 l54462 ls1080">in </span><span class="pp-class-382 pa t29793 l54386 ls858">the </span><span class="pp-class-382 pa t29793 l54463 ls2486">income </span><span class="pp-class-382 pa t29793 l54464 ls1150">statement </span><span class="pp-class-382 pa t29793 l54465 ls1080">in </span><span class="pp-class-382 pa t29793 l54466 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2486">period </span><span class="pp-class-382 pa t29798 l44898 ls1080">in </span><span class="pp-class-382 pa t29798 l54467 ls1759">which </span><span class="pp-class-382 pa t29798 l54468 ls960">they </span><span class="pp-class-382 pa t29798 l54469 ls2851">relate, </span><span class="pp-class-382 pa t29798 l54470 ls858">and </span><span class="pp-class-382 pa t29798 l54471 ls3278">any </span><span class="pp-class-382 pa t29798 l54472 ls7694">payable </span><span class="pp-class-382 pa t29798 l54473 ls296">contributions </span><span class="pp-class-382 pa t29798 l20840 ls800">are </span><span class="pp-class-382 pa t29798 l54474 ls1772">accrued </span><span class="pp-class-382 pa t29798 l54475 ls1080">in </span><span class="pp-class-382 pa t29798 l54476 ls1099">the </span><span class="pp-class-382 pa t29798 l54477 ls1237">balance </span><span class="pp-class-382 pa t29798 l54478 ls296">sheet </span><span class="pp-class-382 pa t29798 l54479 ls278">as </span><span class="pp-class-382 pa t36806 l3 ls296">other </span><span class="pp-class-382 pa t36806 l43926 ls1316">payables. </span><span class="pp-class-382 pa t36806 l54480 ls1080">As </span><span class="pp-class-382 pa t36806 l50583 ls2671">regards </span><span class="pp-class-382 pa t36806 l21918 ls1305">defined </span><span class="pp-class-382 pa t36806 l54481 ls1305">benefit </span><span class="pp-class-382 pa t36806 l54482 ls1237">pension </span><span class="pp-class-382 pa t36806 l54483 ls2486">plans, </span><span class="pp-class-382 pa t36806 l54484 ls1080">an </span><span class="pp-class-382 pa t36806 l54485 ls5039">actuarial </span><span class="pp-class-382 pa t36806 l44126 ls828">valuation </span><span class="pp-class-382 pa t36806 l54486 ls103">of </span><span class="pp-class-382 pa t36806 l54487 ls1099">the </span><span class="pp-class-382 pa t36806 l54488 ls1083">value </span><span class="pp-class-382 pa t36806 l54489 ls1080">in </span><span class="pp-class-382 pa t36806 l54490 ls302">use </span><span class="pp-class-382 pa t29811 l3 ls103">of </span><span class="pp-class-382 pa t29811 l29517 ls1083">future </span><span class="pp-class-382 pa t29811 l45790 ls1073">benefits </span><span class="pp-class-382 pa t29811 l54491 ls7694">payable </span><span class="pp-class-382 pa t29811 l11802 ls1759">under </span><span class="pp-class-382 pa t29811 l54492 ls858">the </span><span class="pp-class-382 pa t29811 l54493 ls1323">plan </span><span class="pp-class-382 pa t29811 l54494 ls1080">is </span><span class="pp-class-382 pa t29811 l54495 ls1772">made </span><span class="pp-class-382 pa t29811 l54496 ls1323">once </span><span class="pp-class-382 pa t29811 l54497 ls302">a </span><span class="pp-class-382 pa t29811 l54498 ls648">year. </span><span class="pp-class-382 pa t29811 l54499 ls858">The </span><span class="pp-class-382 pa t29811 l54500 ls1083">value </span><span class="pp-class-382 pa t29811 l54501 ls1080">in </span><span class="pp-class-382 pa t29811 l54502 ls858">use </span><span class="pp-class-382 pa t29811 l54503 ls1080">is </span><span class="pp-class-382 pa t29811 l54504 ls803">calculated </span><span class="pp-class-382 pa t29811 l54505 ls1080">based </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4275">assumptions </span><span class="pp-class-382 pa t29824 l54506 ls103">of </span><span class="pp-class-382 pa t29824 l54507 ls1083">future </span><span class="pp-class-382 pa t29824 l54508 ls852">development </span><span class="pp-class-382 pa t29824 l54509 ls1080">in </span><span class="pp-class-382 pa t29824 l54510 ls7855">wage/salary </span><span class="pp-class-382 pa t29824 l54511 ls1243">levels, </span><span class="pp-class-382 pa t29824 l54512 ls2784">interest </span><span class="pp-class-382 pa t29824 l54513 ls1864">rates, </span><span class="pp-class-382 pa t29824 l54514 ls6360">inflation, </span><span class="pp-class-382 pa t29824 l54515 ls7756">mortality, </span><span class="pp-class-382 pa t29824 l54516 ls3278">etc. </span><span class="pp-class-382 pa t29836 l3 ls858">The </span><span class="pp-class-382 pa t29836 l16631 ls1083">value </span><span class="pp-class-382 pa t29836 l34033 ls1080">in </span><span class="pp-class-382 pa t29836 l54066 ls858">use </span><span class="pp-class-382 pa t29836 l54517 ls1080">is </span><span class="pp-class-382 pa t29836 l31123 ls650">only </span><span class="pp-class-382 pa t29836 l54518 ls803">calculated </span><span class="pp-class-382 pa t29836 l52878 ls3278">for </span><span class="pp-class-382 pa t29836 l52556 ls1073">benefits </span><span class="pp-class-382 pa t29836 l54519 ls1759">to </span><span class="pp-class-382 pa t29836 l54520 ls1759">which </span><span class="pp-class-382 pa t29836 l2758 ls858">the </span><span class="pp-class-382 pa t29836 l54521 ls6007">employees </span><span class="pp-class-382 pa t29836 l54522 ls185">have </span><span class="pp-class-382 pa t29836 l54523 ls2486">become </span><span class="pp-class-382 pa t29836 l54524 ls830">entitled </span><span class="pp-class-382 pa t29836 l54525 ls1110">during </span><span class="pp-class-382 pa t29849 l3 ls1759">their </span><span class="pp-class-382 pa t29849 l54526 ls728">employment </span><span class="pp-class-382 pa t29849 l54527 ls1323">with </span><span class="pp-class-382 pa t29849 l54075 ls858">the </span><span class="pp-class-382 pa t29849 l54528 ls2149">Group. </span><span class="pp-class-382 pa t29849 l54529 ls858">The </span><span class="pp-class-382 pa t29849 l54530 ls5039">actuarial </span><span class="pp-class-382 pa t29849 l54531 ls688">calculation </span><span class="pp-class-382 pa t29849 l54532 ls103">of </span><span class="pp-class-382 pa t29849 l54533 ls1099">the </span><span class="pp-class-382 pa t29849 l54534 ls1083">value </span><span class="pp-class-382 pa t29849 l45031 ls1080">in </span><span class="pp-class-382 pa t29849 l50806 ls1099">use </span><span class="pp-class-382 pa t29849 l54535 ls1323">less </span><span class="pp-class-382 pa t29849 l54536 ls858">the </span><span class="pp-class-382 pa t29849 l54537 ls3278">fair </span><span class="pp-class-382 pa t29849 l54538 ls1083">value </span><span class="pp-class-382 pa t29849 l54539 ls134">of </span><span class="pp-class-382 pa t29853 l3 ls3278">any </span><span class="pp-class-382 pa t29853 l48924 ls238">assets </span><span class="pp-class-382 pa t29853 l19052 ls1759">under </span><span class="pp-class-382 pa t29853 l16600 ls858">the </span><span class="pp-class-382 pa t29853 l16287 ls1323">plan </span><span class="pp-class-382 pa t29853 l54540 ls1080">is </span><span class="pp-class-382 pa t29853 l54541 ls2970">recognised </span><span class="pp-class-382 pa t29853 l54542 ls1080">in </span><span class="pp-class-382 pa t29853 l54543 ls1099">the </span><span class="pp-class-382 pa t29853 l54544 ls1237">balance </span><span class="pp-class-382 pa t29853 l54545 ls296">sheet </span><span class="pp-class-382 pa t29853 l54546 ls1759">under </span><span class="pp-class-382 pa t29853 l54547 ls1237">pension </span><span class="pp-class-382 pa t29853 l54548 ls2113">obligations. </span><span class="pp-class-382 pa t29853 l54549 ls1080">If </span><span class="pp-class-382 pa t29853 l54550 ls302">a </span><span class="pp-class-382 pa t29853 l54551 ls56">defined </span><span class="pp-class-382 pa t29866 l3 ls1305">benefit </span><span class="pp-class-382 pa t29866 l16670 ls1237">pension </span><span class="pp-class-382 pa t29866 l54552 ls1323">plan </span><span class="pp-class-382 pa t29866 l48169 ls3474">constitutes </span><span class="pp-class-382 pa t29866 l54553 ls302">a </span><span class="pp-class-382 pa t29866 l54554 ls830">net </span><span class="pp-class-382 pa t29866 l51550 ls2486">asset, </span><span class="pp-class-382 pa t29866 l54555 ls858">the </span><span class="pp-class-382 pa t29866 l54556 ls296">asset </span><span class="pp-class-382 pa t29866 l54557 ls1080">is </span><span class="pp-class-382 pa t29866 l54558 ls2970">recognised </span><span class="pp-class-382 pa t29866 l54559 ls650">only </span><span class="pp-class-382 pa t29866 l54560 ls1080">if </span><span class="pp-class-382 pa t29866 l54561 ls1080">it </span><span class="pp-class-382 pa t29866 l54562 ls4275">offsets </span><span class="pp-class-382 pa t29866 l54563 ls1083">future </span><span class="pp-class-382 pa t29866 l54564 ls3477">refunds </span><span class="pp-class-382 pa t36841 l3 ls1243">from </span><span class="pp-class-382 pa t36841 l49226 ls1099">the </span><span class="pp-class-382 pa t36841 l49914 ls1323">plan </span><span class="pp-class-382 pa t36841 l14071 ls1080">or </span><span class="pp-class-382 pa t36841 l54565 ls1323">will </span><span class="pp-class-382 pa t36841 l16225 ls1772">lead </span><span class="pp-class-382 pa t36841 l54566 ls1759">to </span><span class="pp-class-382 pa t36841 l54567 ls1150">reduced </span><span class="pp-class-382 pa t36841 l54568 ls1083">future </span><span class="pp-class-382 pa t36841 l54569 ls5069">payments </span><span class="pp-class-382 pa t36841 l37997 ls1759">to </span><span class="pp-class-382 pa t36841 l54570 ls858">the </span><span class="pp-class-382 pa t36841 l54571 ls1759">plan. </span><span class="pp-class-382 pa t36841 l54572 ls3278">Pension </span><span class="pp-class-382 pa t36841 l54573 ls1759">costs </span><span class="pp-class-382 pa t36841 l54574 ls103">of </span><span class="pp-class-382 pa t36841 l54575 ls858">the </span><span class="pp-class-382 pa t36841 l54576 ls960">year </span><span class="pp-class-382 pa t36841 l54577 ls2970">are </span><span class="pp-class-382 pa t29875 l3 ls2970">recognised </span><span class="pp-class-382 pa t29875 l44565 ls1080">in </span><span class="pp-class-382 pa t29875 l44566 ls858">the </span><span class="pp-class-382 pa t29875 l51266 ls2486">income </span><span class="pp-class-382 pa t29875 l51267 ls1150">statement </span><span class="pp-class-382 pa t29875 l36809 ls1759">based </span><span class="pp-class-382 pa t29875 l54578 ls1080">on </span><span class="pp-class-382 pa t29875 l54579 ls5039">actuarial </span><span class="pp-class-382 pa t29875 l54580 ls3105">estimates </span><span class="pp-class-382 pa t29875 l54581 ls858">and </span><span class="pp-class-382 pa t29875 l54582 ls1073">financial </span><span class="pp-class-382 pa t29875 l54583 ls2688">expectations </span><span class="pp-class-382 pa t29875 l54584 ls1083">at </span><span class="pp-class-382 pa t29875 l54585 ls302">the </span><span class="pp-class-382 pa t29878 l3 ls1073">beginning </span><span class="pp-class-382 pa t29878 l54586 ls103">of </span><span class="pp-class-382 pa t29878 l54587 ls858">the </span><span class="pp-class-382 pa t29878 l4269 ls9956">year.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29902 l3 ls858">The </span><span class="pp-class-382 pa t29902 l16631 ls1974">difference </span><span class="pp-class-382 pa t29902 l54588 ls1244">between </span><span class="pp-class-382 pa t29902 l54589 ls858">the </span><span class="pp-class-382 pa t29902 l54590 ls803">calculated </span><span class="pp-class-382 pa t29902 l54591 ls852">development </span><span class="pp-class-382 pa t29902 l54592 ls1080">in </span><span class="pp-class-382 pa t29902 l54593 ls1237">pension </span><span class="pp-class-382 pa t29902 l37562 ls238">assets </span><span class="pp-class-382 pa t29902 l54594 ls1099">and </span><span class="pp-class-382 pa t29902 l54595 ls1118">liabilities </span><span class="pp-class-382 pa t29902 l54596 ls1099">and </span><span class="pp-class-382 pa t29902 l54597 ls302">the </span><span class="pp-class-382 pa t36874 l3 ls8853">realised </span><span class="pp-class-382 pa t36874 l54598 ls1150">values </span><span class="pp-class-382 pa t36874 l54599 ls800">are </span><span class="pp-class-382 pa t36874 l4508 ls2970">recognised </span><span class="pp-class-382 pa t36874 l54600 ls1080">in </span><span class="pp-class-382 pa t36874 l54601 ls296">other </span><span class="pp-class-382 pa t36874 l54602 ls1974">comprehensive </span><span class="pp-class-382 pa t36874 l54603 ls2486">income </span><span class="pp-class-382 pa t36874 l46432 ls1080">as </span><span class="pp-class-382 pa t36874 l54604 ls5039">actuarial </span><span class="pp-class-382 pa t36874 l54605 ls1759">gains </span><span class="pp-class-382 pa t36874 l54606 ls858">and </span><span class="pp-class-382 pa t36874 l54607 ls2486">losses.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29920 l3 ls1237">Changes </span><span class="pp-class-382 pa t29920 l46658 ls1080">in </span><span class="pp-class-382 pa t29920 l54608 ls858">the </span><span class="pp-class-382 pa t29920 l53288 ls1073">benefits </span><span class="pp-class-382 pa t29920 l54609 ls7694">payable </span><span class="pp-class-382 pa t29920 l54610 ls3278">for </span><span class="pp-class-382 pa t29920 l34213 ls1148">employees’ </span><span class="pp-class-382 pa t29920 l54611 ls1323">past </span><span class="pp-class-382 pa t29920 l54612 ls3572">service </span><span class="pp-class-382 pa t29920 l54613 ls1759">to </span><span class="pp-class-382 pa t29920 l54614 ls858">the </span><span class="pp-class-382 pa t29920 l54615 ls1701">enterprise </span><span class="pp-class-382 pa t29920 l54616 ls800">result </span><span class="pp-class-382 pa t29920 l54617 ls1080">in </span><span class="pp-class-382 pa t29920 l54618 ls1080">an </span><span class="pp-class-382 pa t29920 l54619 ls7756">adjust-</span><span class="pp-class-382 pa t29933 l3 ls276">ment </span><span class="pp-class-382 pa t29933 l54620 ls103">of </span><span class="pp-class-382 pa t29933 l11712 ls858">the </span><span class="pp-class-382 pa t29933 l50067 ls5039">actuarial </span><span class="pp-class-382 pa t29933 l54621 ls688">calculation </span><span class="pp-class-382 pa t29933 l54622 ls103">of </span><span class="pp-class-382 pa t29933 l54623 ls858">the </span><span class="pp-class-382 pa t29933 l54624 ls2694">value-in-use, </span><span class="pp-class-382 pa t29933 l54625 ls1759">which </span><span class="pp-class-382 pa t29933 l54626 ls1080">is </span><span class="pp-class-382 pa t29933 l54627 ls819">classified </span><span class="pp-class-382 pa t29933 l54628 ls1080">as </span><span class="pp-class-382 pa t29933 l54629 ls1323">past </span><span class="pp-class-382 pa t29933 l54630 ls3572">service </span><span class="pp-class-382 pa t29933 l51386 ls2486">costs. </span><span class="pp-class-382 pa t29933 l54631 ls187">Past </span><span class="pp-class-382 pa t48298 l3 ls3572">service </span><span class="pp-class-382 pa t48298 l23113 ls1759">costs </span><span class="pp-class-382 pa t48298 l51435 ls800">are </span><span class="pp-class-382 pa t48298 l42508 ls2970">recognised </span><span class="pp-class-382 pa t48298 l22712 ls1080">in </span><span class="pp-class-382 pa t48298 l54632 ls858">the </span><span class="pp-class-382 pa t48298 l34790 ls2486">income </span><span class="pp-class-382 pa t48298 l54633 ls1150">statement </span><span class="pp-class-382 pa t48298 l54634 ls4279">immediately </span><span class="pp-class-382 pa t48298 l54635 ls1080">if </span><span class="pp-class-382 pa t48298 l54636 ls1099">the </span><span class="pp-class-382 pa t48298 l54637 ls6007">employees </span><span class="pp-class-382 pa t48298 l54638 ls185">have </span><span class="pp-class-382 pa t48298 l54639 ls1150">already </span><span class="pp-class-382 pa t29935 l3 ls2486">earned </span><span class="pp-class-382 pa t29935 l54640 ls1099">the </span><span class="pp-class-382 pa t29935 l54641 ls1305">right </span><span class="pp-class-382 pa t29935 l54642 ls1759">to </span><span class="pp-class-382 pa t29935 l3285 ls1099">the </span><span class="pp-class-382 pa t29935 l54643 ls2113">adjusted </span><span class="pp-class-382 pa t29935 l54644 ls866">benefit. </span><span class="pp-class-382 pa t29935 l39086 ls1305">Otherwise, </span><span class="pp-class-382 pa t29935 l54645 ls858">the </span><span class="pp-class-382 pa t29935 l54646 ls1073">benefits </span><span class="pp-class-382 pa t29935 l54647 ls1323">will </span><span class="pp-class-382 pa t29935 l54648 ls1080">be </span><span class="pp-class-382 pa t29935 l54649 ls2970">recognised </span><span class="pp-class-382 pa t29935 l54650 ls1080">in </span><span class="pp-class-382 pa t29935 l54651 ls1099">the </span><span class="pp-class-382 pa t29935 l54652 ls1110">income </span><span class="pp-class-382 pa t29946 l3 ls1150">statement </span><span class="pp-class-382 pa t29946 l4002 ls2671">over </span><span class="pp-class-382 pa t29946 l54653 ls858">the </span><span class="pp-class-382 pa t29946 l54654 ls2486">period </span><span class="pp-class-382 pa t29946 l54655 ls1080">in </span><span class="pp-class-382 pa t29946 l54656 ls1759">which </span><span class="pp-class-382 pa t29946 l54657 ls858">the </span><span class="pp-class-382 pa t29946 l54658 ls6007">employees </span><span class="pp-class-382 pa t29946 l54659 ls1323">earn </span><span class="pp-class-382 pa t29946 l54660 ls1099">the </span><span class="pp-class-382 pa t29946 l54661 ls1305">right </span><span class="pp-class-382 pa t29946 l54662 ls1759">to </span><span class="pp-class-382 pa t29946 l54663 ls1099">the </span><span class="pp-class-382 pa t29946 l54664 ls2113">adjusted </span><span class="pp-class-382 pa t29946 l25929 ls1224">benefits. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t54665 l3 ls1759">Other </span><span class="pp-class-382 pa t54665 l49184 ls1101">non-current </span><span class="pp-class-382 pa t54665 l49185 ls1316">employee </span><span class="pp-class-382 pa t54665 l54349 ls688">obligations </span><span class="pp-class-382 pa t54665 l54666 ls296">include </span><span class="pp-class-382 pa t54665 l54667 ls1237">jubilee </span><span class="pp-class-382 pa t54665 l50882 ls819">benefits, </span><span class="pp-class-382 pa t54665 l54668 ls2944">etc.</span></p></div></div></div></div></div> <div id="pp-id-5215" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1244">3.2.3 </span><span class="pp-class-370 pa t21055 l43638">Supplier </span><span class="pp-class-370 pa t21055 l53276 ls1267">finance </span><span class="pp-class-370 pa t21055 l53277 ls1005">arrangements</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls858">The </span><span class="pp-class-382 pa t45774 l16631 ls2784">Group </span><span class="pp-class-382 pa t45774 l4002 ls1818">participates </span><span class="pp-class-382 pa t45774 l53278 ls1080">in </span><span class="pp-class-382 pa t45774 l22227 ls2694">supplier </span><span class="pp-class-382 pa t45774 l53279 ls1237">finance </span><span class="pp-class-382 pa t45774 l53280 ls2970">arrangements </span><span class="pp-class-382 pa t45774 l53281 ls1759">under </span><span class="pp-class-382 pa t45774 l53282 ls1759">which </span><span class="pp-class-382 pa t45774 l53283 ls99">certain </span><span class="pp-class-382 pa t45774 l53284 ls1073">financial </span><span class="pp-class-382 pa t45774 l53285 ls830">institutions </span><span class="pp-class-382 pa t45774 l53286 ls1150">acquire </span><span class="pp-class-382 pa t45789 l3 ls2127">invoices </span><span class="pp-class-382 pa t45789 l53287 ls2486">issued </span><span class="pp-class-382 pa t45789 l53288 ls2784">by </span><span class="pp-class-382 pa t45789 l53289 ls5069">bunker </span><span class="pp-class-382 pa t45789 l48030 ls1073">suppliers </span><span class="pp-class-382 pa t45789 l53290 ls1099">and </span><span class="pp-class-382 pa t45789 l43680 ls1073">logistics </span><span class="pp-class-382 pa t45789 l53291 ls1073">suppliers </span><span class="pp-class-382 pa t45789 l53292 ls1759">to </span><span class="pp-class-382 pa t45789 l53293 ls1759">DFDS. </span><span class="pp-class-382 pa t45789 l53294 ls1323">When </span><span class="pp-class-382 pa t45789 l53295 ls302">a </span><span class="pp-class-382 pa t45789 l46720 ls1073">financial </span><span class="pp-class-382 pa t45789 l53296 ls1118">institution </span><span class="pp-class-382 pa t45789 l53297 ls1316">acquires </span><span class="pp-class-382 pa t45789 l53298 ls302">the </span><span class="pp-class-382 pa t45805 l3 ls4299">invoices, </span><span class="pp-class-382 pa t45805 l53299 ls1099">the </span><span class="pp-class-382 pa t45805 l17183 ls1073">suppliers </span><span class="pp-class-382 pa t45805 l36460 ls1323">will </span><span class="pp-class-382 pa t45805 l53300 ls2145">receive </span><span class="pp-class-382 pa t45805 l53301 ls8853">payment </span><span class="pp-class-382 pa t45805 l53302 ls1243">from </span><span class="pp-class-382 pa t45805 l53303 ls1099">the </span><span class="pp-class-382 pa t45805 l53304 ls1073">financial </span><span class="pp-class-382 pa t45805 l53305 ls1118">institution </span><span class="pp-class-382 pa t45805 l53306 ls1759">while </span><span class="pp-class-382 pa t45805 l53307 ls1323">DFDS </span><span class="pp-class-382 pa t45805 l53308 ls1323">will </span><span class="pp-class-382 pa t45805 l53309 ls1244">settle </span><span class="pp-class-382 pa t45805 l53310 ls1099">the </span><span class="pp-class-382 pa t45805 l53311 ls852">invoice </span><span class="pp-class-382 pa t45805 l53312 ls1083">at </span><span class="pp-class-382 pa t45805 l46684 ls12">a </span><span class="pp-class-382 pa t45963 l3 ls1150">later </span><span class="pp-class-382 pa t45963 l53313 ls2113">stage. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45975 l3 ls858">The </span><span class="pp-class-382 pa t45975 l16631 ls2784">Group </span><span class="pp-class-382 pa t45975 l4002 ls858">has </span><span class="pp-class-382 pa t45975 l44886 ls4305">entered </span><span class="pp-class-382 pa t45975 l34354 ls3474">into </span><span class="pp-class-382 pa t45975 l50871 ls2970">arrangements </span><span class="pp-class-382 pa t45975 l53314 ls1323">with </span><span class="pp-class-382 pa t45975 l17498 ls858">the </span><span class="pp-class-382 pa t45975 l53315 ls4299">following </span><span class="pp-class-382 pa t45975 l53316 ls58">terms: </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45987 l3 ls5069">Bunker </span><span class="pp-class-382 pa t45987 l37632 ls5069">linked </span><span class="pp-class-382 pa t45987 l49379 ls1243">payables </span><span class="pp-class-382 pa t45987 l53317 ls1083">extended </span><span class="pp-class-382 pa t45987 l53318 ls1759">to </span><span class="pp-class-382 pa t45987 l53319 ls852">current </span><span class="pp-class-382 pa t45987 l53320 ls1305">month </span><span class="pp-class-382 pa t45987 l53321 ls302">+ </span><span class="pp-class-382 pa t45987 l53322 ls1080">93 </span><span class="pp-class-382 pa t45987 l53323 ls3377">days.</span><span class="pp-class-382 pa t45999 l3 ls3278">Multiple </span><span class="pp-class-382 pa t45999 l45217 ls1073">logistics </span><span class="pp-class-382 pa t45999 l53324 ls819">suppliers' </span><span class="pp-class-382 pa t45999 l3017 ls1243">payables </span><span class="pp-class-382 pa t45999 l53325 ls2127">extending </span><span class="pp-class-382 pa t45999 l53326 ls8853">payment </span><span class="pp-class-382 pa t45999 l53327 ls1759">to </span><span class="pp-class-382 pa t45999 l53328 ls852">current </span><span class="pp-class-382 pa t45999 l53329 ls1305">month </span><span class="pp-class-382 pa t45999 l53330 ls302">+ </span><span class="pp-class-382 pa t45999 l53331 ls1080">93 </span><span class="pp-class-382 pa t45999 l53332 ls3377">days.</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t53333 l3 ls2548">Carrying </span><span class="pp-class-383 pa t53333 l42889 ls907">amount </span><span class="pp-class-383 pa t53333 l48787">of </span><span class="pp-class-383 pa t53333 l21830">liabilities </span><span class="pp-class-383 pa t53333 l27468">under </span><span class="pp-class-383 pa t53333 l53334">supplier </span><span class="pp-class-383 pa t53333 l53335 ls272">finance </span><span class="pp-class-383 pa t53333 l53336 ls193">arrangements</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53337 l3">DKK </span><span class="pp-class-372 pa t53337 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53337 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53338 l3 ls258">Presented </span><span class="pp-class-373 pa t53338 l53339">within </span><span class="pp-class-373 pa t53338 l6766 ls225">trade </span><span class="pp-class-373 pa t53338 l53340 ls1080">payables </span><span class="pp-class-373 pa t53338 l53341 ls1531">January </span><span class="pp-class-373 pa t53338 l25922">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53338 l53342 ls68">730 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53343 l3 ls258">Presented </span><span class="pp-class-373 pa t53343 l53339">within </span><span class="pp-class-373 pa t53343 l6766 ls225">trade </span><span class="pp-class-373 pa t53343 l53340 ls1080">payables </span><span class="pp-class-373 pa t53343 l53341">December </span><span class="pp-class-373 pa t53343 l53344">31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53343 l42644 ls203">567</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53345 l3 ls287">of </span><span class="pp-class-372 pa t53345 l16702">which </span><span class="pp-class-372 pa t53345 l53346">suppliers </span><span class="pp-class-372 pa t53345 l53347 ls281">received </span><span class="pp-class-372 pa t53345 l7431 ls78">payment </span><span class="pp-class-372 pa t53345 l53348 ls110">(from </span><span class="pp-class-372 pa t53345 l53349">financial </span><span class="pp-class-372 pa t53345 l53350">institution)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53345 l53351">558</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t53352 l3 ls1759">Range </span><span class="pp-class-383 pa t53352 l53353 ls1080">of </span><span class="pp-class-383 pa t53352 l53354 ls2787">payment </span><span class="pp-class-383 pa t53352 l53355 ls1099">due </span><span class="pp-class-383 pa t53352 l53356 ls2944">dates</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53357 l3 ls3216 wtro3159 wtr1293 tro3160 tr1294">Payment </span><span class="pp-class-382 pa t53357 l40437 ls2760 wtro3159 wtr1293 tro3160 tr1294">terms </span><span class="pp-class-382 pa t53357 l53358 ls800 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-382 pa t53357 l53359 ls3377 wtro3159 wtr1293 tro3160 tr1294">liabilities </span><span class="pp-class-382 pa t53357 l53360 ls715 wtro3159 wtr1293 tro3160 tr1294">that </span><span class="pp-class-382 pa t53357 l53361 ls3184 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t53357 l53362 ls806 wtro3159 wtr1293 tro3160 tr1294">part </span><span class="pp-class-382 pa t53357 l53363 ls53 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-382 pa t53357 l53364 ls2760 wtro3159 wtr1293 tro3160 tr1294">supplier </span><span class="pp-class-382 pa t53357 l53365 ls2149 wtro3159 wtr1293 tro3160 tr1294">financing </span><span class="pp-class-382 pa t53357 l53366 ls26 wtro3159 wtr1293 tro3160 tr1294">arrangement </span><span class="pp-class-382 pa t53357 l53367 ls6791 wtro3159 wtr1293 tro3160 tr1294">range </span><span class="pp-class-382 pa t53357 l53368 ls1057 wtro3159 wtr1293 tro3160 tr1294">from </span><span class="pp-class-382 pa t53357 l53369 ls1772 wtro3159 wtr1293 tro3160 tr1294">30 </span><span class="pp-class-382 pa t53357 l53370 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53357 l53371 ls1772 wtro3159 wtr1293 tro3160 tr1294">up </span><span class="pp-class-382 pa t53357 l53372 ls2854 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t53357 l53373 ls9967 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t53374 l3 ls4305 wtro3159 wtr1293 tro3160 tr1294">month </span><span class="pp-class-382 pa t53374 l53375 ls1099 wtro3159 wtr1293 tro3160 tr1294">+ </span><span class="pp-class-382 pa t53374 l53376 ls1772 wtro3159 wtr1293 tro3160 tr1294">93 </span><span class="pp-class-382 pa t53374 l53377 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53374 l38768 ls2787 wtro3159 wtr1293 tro3160 tr1294">(2023: </span><span class="pp-class-382 pa t53374 l53378 ls1772 wtro3159 wtr1293 tro3160 tr1294">30 </span><span class="pp-class-382 pa t53374 l53379 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53374 l53380 ls1772 wtro3159 wtr1293 tro3160 tr1294">up </span><span class="pp-class-382 pa t53374 l53381 ls2854 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t53374 l53382 ls2848 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t53374 l31224 ls4305 wtro3159 wtr1293 tro3160 tr1294">month </span><span class="pp-class-382 pa t53374 l53383 ls1099 wtro3159 wtr1293 tro3160 tr1294">+ </span><span class="pp-class-382 pa t53374 l53384 ls1772 wtro3159 wtr1293 tro3160 tr1294">93 </span><span class="pp-class-382 pa t53374 l53385 ls3024 wtro3159 wtr1293 tro3160 tr1294">days).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53386 l3 ls1243">Payment </span><span class="pp-class-382 pa t53386 l53387 ls1118">terms </span><span class="pp-class-382 pa t53386 l44823 ls3278">for </span><span class="pp-class-382 pa t53386 l53388 ls2970">comparable </span><span class="pp-class-382 pa t53386 l53389 ls646">trade </span><span class="pp-class-382 pa t53386 l53390 ls1243">payables </span><span class="pp-class-382 pa t53386 l53391 ls1237">outside </span><span class="pp-class-382 pa t53386 l53392 ls1073">financing </span><span class="pp-class-382 pa t53386 l53393 ls2970">arrangements </span><span class="pp-class-382 pa t53386 l53394 ls800">are </span><span class="pp-class-382 pa t53386 l53395 ls1974">typically </span><span class="pp-class-382 pa t53386 l53396 ls1772 wtro3159 wtr1293 tro3160 tr1294">30 </span><span class="pp-class-382 pa t53386 l53397 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53386 l53398 ls1772 wtro3159 wtr1293 tro3160 tr1294">up </span><span class="pp-class-382 pa t53386 l53399 ls1080 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t53400 l3 ls2848 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t53400 l53401 ls4305 wtro3159 wtr1293 tro3160 tr1294">month </span><span class="pp-class-382 pa t53400 l53402 ls1099 wtro3159 wtr1293 tro3160 tr1294">+ </span><span class="pp-class-382 pa t53400 l53403 ls1772 wtro3159 wtr1293 tro3160 tr1294">63 </span><span class="pp-class-382 pa t53400 l53404 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53400 l53405 ls2787 wtro3159 wtr1293 tro3160 tr1294">(2023: </span><span class="pp-class-382 pa t53400 l3588 ls1772 wtro3159 wtr1293 tro3160 tr1294">30 </span><span class="pp-class-382 pa t53400 l53406 ls3184 wtro3159 wtr1293 tro3160 tr1294">days </span><span class="pp-class-382 pa t53400 l53407 ls1772 wtro3159 wtr1293 tro3160 tr1294">up </span><span class="pp-class-382 pa t53400 l53408 ls2854 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-382 pa t53400 l52259 ls2848 wtro3159 wtr1293 tro3160 tr1294">current </span><span class="pp-class-382 pa t53400 l53409 ls4305 wtro3159 wtr1293 tro3160 tr1294">month </span><span class="pp-class-382 pa t53400 l53410 ls1099 wtro3159 wtr1293 tro3160 tr1294">+ </span><span class="pp-class-382 pa t53400 l53411 ls1772 wtro3159 wtr1293 tro3160 tr1294">63 </span><span class="pp-class-382 pa t53400 l53412 ls3024 wtro3159 wtr1293 tro3160 tr1294">days).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t53413 l3 ls99">Non-cash </span><span class="pp-class-383 pa t53413 l51970 ls2486">changes</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t53414 l3 ls2784">There </span><span class="pp-class-382 pa t53414 l53415 ls2848">were </span><span class="pp-class-382 pa t53414 l19149 ls1080">no </span><span class="pp-class-382 pa t53414 l53416 ls2142">material </span><span class="pp-class-382 pa t53414 l53417 ls2694">business </span><span class="pp-class-382 pa t53414 l53418 ls2113">combinations </span><span class="pp-class-382 pa t53414 l53419 ls1080">or </span><span class="pp-class-382 pa t53414 l53420 ls1463">foreign </span><span class="pp-class-382 pa t53414 l53421 ls3435">exchange </span><span class="pp-class-382 pa t53414 l53422 ls1868">differences </span><span class="pp-class-382 pa t53414 l53423 ls1080">in </span><span class="pp-class-382 pa t53414 l53424 ls2486">either </span><span class="pp-class-382 pa t53414 l53425 ls1237">period. </span><span class="pp-class-382 pa t53414 l53426 ls2784">There </span><span class="pp-class-382 pa t53414 l53427 ls2848">were </span><span class="pp-class-382 pa t53414 l53428 ls278">no </span><span class="pp-class-382 pa t53429 l3 ls806">significant </span><span class="pp-class-382 pa t53429 l53109 ls99">non-cash </span><span class="pp-class-382 pa t53429 l53430 ls2784">transfers </span><span class="pp-class-382 pa t53429 l53431 ls1243">from </span><span class="pp-class-382 pa t53429 l53432 ls646">trade </span><span class="pp-class-382 pa t53429 l37966 ls1243">payables </span><span class="pp-class-382 pa t53429 l53433 ls1759">to </span><span class="pp-class-382 pa t53429 l53434 ls1237">finance </span><span class="pp-class-382 pa t53429 l53435 ls1243">payables </span><span class="pp-class-382 pa t53429 l53436 ls1080">in </span><span class="pp-class-382 pa t53429 l53437 ls1150">2024 </span><span class="pp-class-382 pa t53429 l53438 ls2486">(2023: </span><span class="pp-class-382 pa t53429 l53439 ls7096">none).</span></p><div id="pp-id-5214"><div class="pp-class-363 pp-class-395" id="pp-id-5211"><div class="w37231 h53243 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1099">All </span><span class="pp-class-382 pa t29793 l53440 ls2694">supplier </span><span class="pp-class-382 pa t29793 l53441 ls1237">finance </span><span class="pp-class-382 pa t29793 l53442 ls960">arrangement </span><span class="pp-class-382 pa t29793 l53443 ls3458">related </span><span class="pp-class-382 pa t29793 l17436 ls1118">liabilities </span><span class="pp-class-382 pa t29793 l49252 ls800">are </span><span class="pp-class-382 pa t29793 l53444 ls852">presented </span><span class="pp-class-382 pa t29793 l53445 ls2486">within </span><span class="pp-class-382 pa t29793 l53446 ls1243">payables </span><span class="pp-class-382 pa t29793 l53447 ls1080">as </span><span class="pp-class-382 pa t29793 l53448 ls1759">these </span><span class="pp-class-382 pa t29793 l53449 ls2970">are </span><span class="pp-class-382 pa t29798 l3 ls2486">deemed </span><span class="pp-class-382 pa t29798 l21755 ls1759">to </span><span class="pp-class-382 pa t29798 l53450 ls1080">be </span><span class="pp-class-382 pa t29798 l53451 ls658">part </span><span class="pp-class-382 pa t29798 l53452 ls103">of </span><span class="pp-class-382 pa t29798 l53453 ls728">working </span><span class="pp-class-382 pa t29798 l53454 ls806">capital </span><span class="pp-class-382 pa t29798 l53455 ls1080">in </span><span class="pp-class-382 pa t29798 l53456 ls858">the </span><span class="pp-class-382 pa t29798 l53457 ls1243">Group's </span><span class="pp-class-382 pa t29798 l53458 ls2486">normal </span><span class="pp-class-382 pa t29798 l53459 ls2760">operating </span><span class="pp-class-382 pa t29798 l53460 ls650">cycle. </span><span class="pp-class-382 pa t29798 l53461 ls3190">Accordingly, </span><span class="pp-class-382 pa t29798 l53462 ls960">they </span><span class="pp-class-382 pa t29798 l53463 ls2970">are </span><span class="pp-class-382 pa t36806 l3 ls852">presented </span><span class="pp-class-382 pa t36806 l49824 ls1237">outside </span><span class="pp-class-382 pa t36806 l14636 ls1073">financing </span><span class="pp-class-382 pa t36806 l27453 ls1323">cash </span><span class="pp-class-382 pa t36806 l17186 ls1083">flows, </span><span class="pp-class-382 pa t36806 l53464 ls2486">within </span><span class="pp-class-382 pa t36806 l53465 ls2486">change </span><span class="pp-class-382 pa t36806 l53466 ls1080">in </span><span class="pp-class-382 pa t36806 l53467 ls728">working </span><span class="pp-class-382 pa t36806 l53468 ls806">capital.</span></p></div></div></div></div></div><div id="pp-id-5219" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2142">3.2.4 </span><span class="pp-class-370 pa t21055 l43638">Other </span><span class="pp-class-370 pa t21055 l53469 ls2784">payables</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3 ls241">Holiday </span><span class="pp-class-372 pa t42308 l50373 ls931">pay </span><span class="pp-class-372 pa t42308 l53470 ls193">obligations, </span><span class="pp-class-372 pa t42308 l53471 ls180">etc.,</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l53472 ls1080">721</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l53473">542</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3">Public </span><span class="pp-class-372 pa t43125 l53474 ls96">authorities </span><span class="pp-class-372 pa t43125 l44473 ls1465">(VAT, </span><span class="pp-class-372 pa t43125 l24032 ls2142">duty, </span><span class="pp-class-372 pa t43125 l53475 ls180">etc.)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l53476 ls2835">142</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l47202 ls728">78</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls2835">Payables </span><span class="pp-class-372 pa t22670 l52980 ls166">to </span><span class="pp-class-372 pa t22670 l53477 ls128">associates </span><span class="pp-class-372 pa t22670 l53478">and </span><span class="pp-class-372 pa t22670 l17564 ls907">joint </span><span class="pp-class-372 pa t22670 l6883 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l53479 ls302">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l42414">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l3">Other </span><span class="pp-class-372 pa t43136 l8525 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l53480">233</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l53473">254</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53481 l3 ls150">Accrued </span><span class="pp-class-372 pa t53481 l53482 ls884">interests</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53481 l53483 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53481 l50455 ls16">27</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53484 l3 ls2459">Total </span><span class="pp-class-373 pa t53484 l29712 ls907">other </span><span class="pp-class-373 pa t53484 l42551 ls858">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53484 l53485 ls90">1,160</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53484 l53486">904</span></p></td></tr></table><div id="pp-id-5218"><div class="pp-class-363 pp-class-395" id="pp-id-5216"><div class="w37231 h53487 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1759">Other </span><span class="pp-class-382 pa t29793 l49184 ls1243">payables </span><span class="pp-class-382 pa t29793 l53488 ls2694">comprise </span><span class="pp-class-382 pa t29793 l53489 ls1118">amounts </span><span class="pp-class-382 pa t29793 l53490 ls2671">owed </span><span class="pp-class-382 pa t29793 l53491 ls1759">to </span><span class="pp-class-382 pa t29793 l53492 ls14041">staff, </span><span class="pp-class-382 pa t29793 l53493 ls3474">including </span><span class="pp-class-382 pa t29793 l53494 ls4305">wages </span><span class="pp-class-382 pa t29793 l50843 ls858">and </span><span class="pp-class-382 pa t29793 l53495 ls1073">salaries, </span><span class="pp-class-382 pa t29793 l53496 ls6360">holiday </span><span class="pp-class-382 pa t29793 l53497 ls8634">pay, </span><span class="pp-class-382 pa t29793 l53498 ls214">salary/</span><span class="pp-class-382 pa t29798 l3 ls4305">wages </span><span class="pp-class-382 pa t29798 l53499 ls3458">related </span><span class="pp-class-382 pa t29798 l53500 ls1319">items, </span><span class="pp-class-382 pa t29798 l53501 ls1868">etc. </span><span class="pp-class-382 pa t29798 l53502 ls1118">amounts </span><span class="pp-class-382 pa t29798 l53503 ls2671">owed </span><span class="pp-class-382 pa t29798 l53504 ls1759">to </span><span class="pp-class-382 pa t29798 l53505 ls1099">the </span><span class="pp-class-382 pa t29798 l53506 ls2486">public </span><span class="pp-class-382 pa t29798 l53507 ls4275">authorities, </span><span class="pp-class-382 pa t29798 l53508 ls53509">VAT, </span><span class="pp-class-382 pa t29798 l53510 ls2955">excise </span><span class="pp-class-382 pa t29798 l53511 ls1237">duties, </span><span class="pp-class-382 pa t29798 l53512 ls1243">real </span><span class="pp-class-382 pa t29798 l53513 ls830">property </span><span class="pp-class-382 pa t36806 l3 ls2688">taxes </span><span class="pp-class-382 pa t36806 l53514 ls1244">etc.; </span><span class="pp-class-382 pa t36806 l53515 ls1118">amounts </span><span class="pp-class-382 pa t36806 l53516 ls2671">owed </span><span class="pp-class-382 pa t36806 l53517 ls1080">in </span><span class="pp-class-382 pa t36806 l53518 ls1271">connection </span><span class="pp-class-382 pa t36806 l53519 ls1323">with </span><span class="pp-class-382 pa t36806 l53520 ls858">the </span><span class="pp-class-382 pa t36806 l53521 ls3435">purchase/disposal </span><span class="pp-class-382 pa t36806 l53522 ls103">of </span><span class="pp-class-382 pa t36806 l53523 ls2489">ferries </span><span class="pp-class-382 pa t36806 l53524 ls858">and </span><span class="pp-class-382 pa t36806 l53525 ls296">other </span><span class="pp-class-382 pa t36806 l53526 ls1110">ships, </span><span class="pp-class-382 pa t29811 l3 ls1073">buildings </span><span class="pp-class-382 pa t29811 l4366 ls1099">and </span><span class="pp-class-382 pa t29811 l53527 ls238">terminals; </span><span class="pp-class-382 pa t29811 l53528 ls1772">accrued </span><span class="pp-class-382 pa t29811 l30792 ls2784">interest </span><span class="pp-class-382 pa t29811 l16588 ls960">expenses; </span><span class="pp-class-382 pa t29811 l53529 ls1243">payables </span><span class="pp-class-382 pa t29811 l53530 ls1759">to </span><span class="pp-class-382 pa t29811 l53531 ls803">associates </span><span class="pp-class-382 pa t29811 l53532 ls1099">and </span><span class="pp-class-382 pa t29811 l53533 ls1305">joint </span><span class="pp-class-382 pa t29811 l53534 ls2784">ventures; </span><span class="pp-class-382 pa t29824 l3 ls1118">amounts </span><span class="pp-class-382 pa t29824 l45921 ls2671">owed </span><span class="pp-class-382 pa t29824 l7354 ls1080">in </span><span class="pp-class-382 pa t29824 l36929 ls2531">relation </span><span class="pp-class-382 pa t29824 l53535 ls1759">to </span><span class="pp-class-382 pa t29824 l53536 ls1305">defined </span><span class="pp-class-382 pa t29824 l53319 ls296">contribution </span><span class="pp-class-382 pa t29824 l53537 ls1237">pension </span><span class="pp-class-382 pa t29824 l53538 ls1759">plans </span><span class="pp-class-382 pa t29824 l53539 ls2944">etc.</span></p></div></div></div></div></div> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1099">All </span><span class="pp-class-382 pa t29793 l53440 ls2694">supplier </span><span class="pp-class-382 pa t29793 l53441 ls1237">finance </span><span class="pp-class-382 pa t29793 l53442 ls960">arrangement </span><span class="pp-class-382 pa t29793 l53443 ls3458">related </span><span class="pp-class-382 pa t29793 l17436 ls1118">liabilities </span><span class="pp-class-382 pa t29793 l49252 ls800">are </span><span class="pp-class-382 pa t29793 l53444 ls852">presented </span><span class="pp-class-382 pa t29793 l53445 ls2486">within </span><span class="pp-class-382 pa t29793 l53446 ls1243">payables </span><span class="pp-class-382 pa t29793 l53447 ls1080">as </span><span class="pp-class-382 pa t29793 l53448 ls1759">these </span><span class="pp-class-382 pa t29793 l53449 ls2970">are </span><span class="pp-class-382 pa t29798 l3 ls2486">deemed </span><span class="pp-class-382 pa t29798 l21755 ls1759">to </span><span class="pp-class-382 pa t29798 l53450 ls1080">be </span><span class="pp-class-382 pa t29798 l53451 ls658">part </span><span class="pp-class-382 pa t29798 l53452 ls103">of </span><span class="pp-class-382 pa t29798 l53453 ls728">working </span><span class="pp-class-382 pa t29798 l53454 ls806">capital </span><span class="pp-class-382 pa t29798 l53455 ls1080">in </span><span class="pp-class-382 pa t29798 l53456 ls858">the </span><span class="pp-class-382 pa t29798 l53457 ls1243">Group's </span><span class="pp-class-382 pa t29798 l53458 ls2486">normal </span><span class="pp-class-382 pa t29798 l53459 ls2760">operating </span><span class="pp-class-382 pa t29798 l53460 ls650">cycle. </span><span class="pp-class-382 pa t29798 l53461 ls3190">Accordingly, </span><span class="pp-class-382 pa t29798 l53462 ls960">they </span><span class="pp-class-382 pa t29798 l53463 ls2970">are </span><span class="pp-class-382 pa t36806 l3 ls852">presented </span><span class="pp-class-382 pa t36806 l49824 ls1237">outside </span><span class="pp-class-382 pa t36806 l14636 ls1073">financing </span><span class="pp-class-382 pa t36806 l27453 ls1323">cash </span><span class="pp-class-382 pa t36806 l17186 ls1083">flows, </span><span class="pp-class-382 pa t36806 l53464 ls2486">within </span><span class="pp-class-382 pa t36806 l53465 ls2486">change </span><span class="pp-class-382 pa t36806 l53466 ls1080">in </span><span class="pp-class-382 pa t36806 l53467 ls728">working </span><span class="pp-class-382 pa t36806 l53468 ls806">capital.</span></p><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1759">Other </span><span class="pp-class-382 pa t29793 l49184 ls1243">payables </span><span class="pp-class-382 pa t29793 l53488 ls2694">comprise </span><span class="pp-class-382 pa t29793 l53489 ls1118">amounts </span><span class="pp-class-382 pa t29793 l53490 ls2671">owed </span><span class="pp-class-382 pa t29793 l53491 ls1759">to </span><span class="pp-class-382 pa t29793 l53492 ls14041">staff, </span><span class="pp-class-382 pa t29793 l53493 ls3474">including </span><span class="pp-class-382 pa t29793 l53494 ls4305">wages </span><span class="pp-class-382 pa t29793 l50843 ls858">and </span><span class="pp-class-382 pa t29793 l53495 ls1073">salaries, </span><span class="pp-class-382 pa t29793 l53496 ls6360">holiday </span><span class="pp-class-382 pa t29793 l53497 ls8634">pay, </span><span class="pp-class-382 pa t29793 l53498 ls214">salary/</span><span class="pp-class-382 pa t29798 l3 ls4305">wages </span><span class="pp-class-382 pa t29798 l53499 ls3458">related </span><span class="pp-class-382 pa t29798 l53500 ls1319">items, </span><span class="pp-class-382 pa t29798 l53501 ls1868">etc. </span><span class="pp-class-382 pa t29798 l53502 ls1118">amounts </span><span class="pp-class-382 pa t29798 l53503 ls2671">owed </span><span class="pp-class-382 pa t29798 l53504 ls1759">to </span><span class="pp-class-382 pa t29798 l53505 ls1099">the </span><span class="pp-class-382 pa t29798 l53506 ls2486">public </span><span class="pp-class-382 pa t29798 l53507 ls4275">authorities, </span><span class="pp-class-382 pa t29798 l53508 ls53509">VAT, </span><span class="pp-class-382 pa t29798 l53510 ls2955">excise </span><span class="pp-class-382 pa t29798 l53511 ls1237">duties, </span><span class="pp-class-382 pa t29798 l53512 ls1243">real </span><span class="pp-class-382 pa t29798 l53513 ls830">property </span><span class="pp-class-382 pa t36806 l3 ls2688">taxes </span><span class="pp-class-382 pa t36806 l53514 ls1244">etc.; </span><span class="pp-class-382 pa t36806 l53515 ls1118">amounts </span><span class="pp-class-382 pa t36806 l53516 ls2671">owed </span><span class="pp-class-382 pa t36806 l53517 ls1080">in </span><span class="pp-class-382 pa t36806 l53518 ls1271">connection </span><span class="pp-class-382 pa t36806 l53519 ls1323">with </span><span class="pp-class-382 pa t36806 l53520 ls858">the </span><span class="pp-class-382 pa t36806 l53521 ls3435">purchase/disposal </span><span class="pp-class-382 pa t36806 l53522 ls103">of </span><span class="pp-class-382 pa t36806 l53523 ls2489">ferries </span><span class="pp-class-382 pa t36806 l53524 ls858">and </span><span class="pp-class-382 pa t36806 l53525 ls296">other </span><span class="pp-class-382 pa t36806 l53526 ls1110">ships, </span><span class="pp-class-382 pa t29811 l3 ls1073">buildings </span><span class="pp-class-382 pa t29811 l4366 ls1099">and </span><span class="pp-class-382 pa t29811 l53527 ls238">terminals; </span><span class="pp-class-382 pa t29811 l53528 ls1772">accrued </span><span class="pp-class-382 pa t29811 l30792 ls2784">interest </span><span class="pp-class-382 pa t29811 l16588 ls960">expenses; </span><span class="pp-class-382 pa t29811 l53529 ls1243">payables </span><span class="pp-class-382 pa t29811 l53530 ls1759">to </span><span class="pp-class-382 pa t29811 l53531 ls803">associates </span><span class="pp-class-382 pa t29811 l53532 ls1099">and </span><span class="pp-class-382 pa t29811 l53533 ls1305">joint </span><span class="pp-class-382 pa t29811 l53534 ls2784">ventures; </span><span class="pp-class-382 pa t29824 l3 ls1118">amounts </span><span class="pp-class-382 pa t29824 l45921 ls2671">owed </span><span class="pp-class-382 pa t29824 l7354 ls1080">in </span><span class="pp-class-382 pa t29824 l36929 ls2531">relation </span><span class="pp-class-382 pa t29824 l53535 ls1759">to </span><span class="pp-class-382 pa t29824 l53536 ls1305">defined </span><span class="pp-class-382 pa t29824 l53319 ls296">contribution </span><span class="pp-class-382 pa t29824 l53537 ls1237">pension </span><span class="pp-class-382 pa t29824 l53538 ls1759">plans </span><span class="pp-class-382 pa t29824 l53539 ls2944">etc.</span></p> <div id="pp-id-5219" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2142">3.2.4 </span><span class="pp-class-370 pa t21055 l43638">Other </span><span class="pp-class-370 pa t21055 l53469 ls2784">payables</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3 ls241">Holiday </span><span class="pp-class-372 pa t42308 l50373 ls931">pay </span><span class="pp-class-372 pa t42308 l53470 ls193">obligations, </span><span class="pp-class-372 pa t42308 l53471 ls180">etc.,</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l53472 ls1080">721</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l53473">542</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3">Public </span><span class="pp-class-372 pa t43125 l53474 ls96">authorities </span><span class="pp-class-372 pa t43125 l44473 ls1465">(VAT, </span><span class="pp-class-372 pa t43125 l24032 ls2142">duty, </span><span class="pp-class-372 pa t43125 l53475 ls180">etc.)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l53476 ls2835">142</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l47202 ls728">78</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls2835">Payables </span><span class="pp-class-372 pa t22670 l52980 ls166">to </span><span class="pp-class-372 pa t22670 l53477 ls128">associates </span><span class="pp-class-372 pa t22670 l53478">and </span><span class="pp-class-372 pa t22670 l17564 ls907">joint </span><span class="pp-class-372 pa t22670 l6883 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l53479 ls302">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l42414">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l3">Other </span><span class="pp-class-372 pa t43136 l8525 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l53480">233</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l53473">254</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53481 l3 ls150">Accrued </span><span class="pp-class-372 pa t53481 l53482 ls884">interests</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53481 l53483 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t53481 l50455 ls16">27</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53484 l3 ls2459">Total </span><span class="pp-class-373 pa t53484 l29712 ls907">other </span><span class="pp-class-373 pa t53484 l42551 ls858">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53484 l53485 ls90">1,160</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t53484 l53486">904</span></p></td></tr></table><div id="pp-id-5218"><div class="pp-class-363 pp-class-395" id="pp-id-5216"><div class="w37231 h53487 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1759">Other </span><span class="pp-class-382 pa t29793 l49184 ls1243">payables </span><span class="pp-class-382 pa t29793 l53488 ls2694">comprise </span><span class="pp-class-382 pa t29793 l53489 ls1118">amounts </span><span class="pp-class-382 pa t29793 l53490 ls2671">owed </span><span class="pp-class-382 pa t29793 l53491 ls1759">to </span><span class="pp-class-382 pa t29793 l53492 ls14041">staff, </span><span class="pp-class-382 pa t29793 l53493 ls3474">including </span><span class="pp-class-382 pa t29793 l53494 ls4305">wages </span><span class="pp-class-382 pa t29793 l50843 ls858">and </span><span class="pp-class-382 pa t29793 l53495 ls1073">salaries, </span><span class="pp-class-382 pa t29793 l53496 ls6360">holiday </span><span class="pp-class-382 pa t29793 l53497 ls8634">pay, </span><span class="pp-class-382 pa t29793 l53498 ls214">salary/</span><span class="pp-class-382 pa t29798 l3 ls4305">wages </span><span class="pp-class-382 pa t29798 l53499 ls3458">related </span><span class="pp-class-382 pa t29798 l53500 ls1319">items, </span><span class="pp-class-382 pa t29798 l53501 ls1868">etc. </span><span class="pp-class-382 pa t29798 l53502 ls1118">amounts </span><span class="pp-class-382 pa t29798 l53503 ls2671">owed </span><span class="pp-class-382 pa t29798 l53504 ls1759">to </span><span class="pp-class-382 pa t29798 l53505 ls1099">the </span><span class="pp-class-382 pa t29798 l53506 ls2486">public </span><span class="pp-class-382 pa t29798 l53507 ls4275">authorities, </span><span class="pp-class-382 pa t29798 l53508 ls53509">VAT, </span><span class="pp-class-382 pa t29798 l53510 ls2955">excise </span><span class="pp-class-382 pa t29798 l53511 ls1237">duties, </span><span class="pp-class-382 pa t29798 l53512 ls1243">real </span><span class="pp-class-382 pa t29798 l53513 ls830">property </span><span class="pp-class-382 pa t36806 l3 ls2688">taxes </span><span class="pp-class-382 pa t36806 l53514 ls1244">etc.; </span><span class="pp-class-382 pa t36806 l53515 ls1118">amounts </span><span class="pp-class-382 pa t36806 l53516 ls2671">owed </span><span class="pp-class-382 pa t36806 l53517 ls1080">in </span><span class="pp-class-382 pa t36806 l53518 ls1271">connection </span><span class="pp-class-382 pa t36806 l53519 ls1323">with </span><span class="pp-class-382 pa t36806 l53520 ls858">the </span><span class="pp-class-382 pa t36806 l53521 ls3435">purchase/disposal </span><span class="pp-class-382 pa t36806 l53522 ls103">of </span><span class="pp-class-382 pa t36806 l53523 ls2489">ferries </span><span class="pp-class-382 pa t36806 l53524 ls858">and </span><span class="pp-class-382 pa t36806 l53525 ls296">other </span><span class="pp-class-382 pa t36806 l53526 ls1110">ships, </span><span class="pp-class-382 pa t29811 l3 ls1073">buildings </span><span class="pp-class-382 pa t29811 l4366 ls1099">and </span><span class="pp-class-382 pa t29811 l53527 ls238">terminals; </span><span class="pp-class-382 pa t29811 l53528 ls1772">accrued </span><span class="pp-class-382 pa t29811 l30792 ls2784">interest </span><span class="pp-class-382 pa t29811 l16588 ls960">expenses; </span><span class="pp-class-382 pa t29811 l53529 ls1243">payables </span><span class="pp-class-382 pa t29811 l53530 ls1759">to </span><span class="pp-class-382 pa t29811 l53531 ls803">associates </span><span class="pp-class-382 pa t29811 l53532 ls1099">and </span><span class="pp-class-382 pa t29811 l53533 ls1305">joint </span><span class="pp-class-382 pa t29811 l53534 ls2784">ventures; </span><span class="pp-class-382 pa t29824 l3 ls1118">amounts </span><span class="pp-class-382 pa t29824 l45921 ls2671">owed </span><span class="pp-class-382 pa t29824 l7354 ls1080">in </span><span class="pp-class-382 pa t29824 l36929 ls2531">relation </span><span class="pp-class-382 pa t29824 l53535 ls1759">to </span><span class="pp-class-382 pa t29824 l53536 ls1305">defined </span><span class="pp-class-382 pa t29824 l53319 ls296">contribution </span><span class="pp-class-382 pa t29824 l53537 ls1237">pension </span><span class="pp-class-382 pa t29824 l53538 ls1759">plans </span><span class="pp-class-382 pa t29824 l53539 ls2944">etc.</span></p></div></div></div></div></div> <div id="pp-id-5229" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls195">3.2.6 </span><span class="pp-class-370 pa t21055 l43638">Other </span><span class="pp-class-370 pa t21055 l53469 ls34">provisions</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3">Other </span><span class="pp-class-372 pa t42308 l8525 ls16">provisions </span><span class="pp-class-372 pa t42308 l54669 ls2835">at </span><span class="pp-class-372 pa t42308 l54670">1 </span><span class="pp-class-372 pa t42308 l54671 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l54672">134</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l37861">96</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3 ls124">Foreign </span><span class="pp-class-372 pa t43125 l42531 ls230">exchange </span><span class="pp-class-372 pa t43125 l42532 ls72">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls704">Addition </span><span class="pp-class-372 pa t22670 l47664 ls931">from </span><span class="pp-class-372 pa t22670 l54673 ls37">acquisition </span><span class="pp-class-372 pa t22670 l5734 ls287">of </span><span class="pp-class-372 pa t22670 l54674 ls842">enterprises</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l54675 ls3152">47</span><span class="pp-class-374 pa t54676 l54677">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l54678 ls14819">17</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l3 ls16">Provisions </span><span class="pp-class-372 pa t43136 l47385 ls128">made </span><span class="pp-class-372 pa t43136 l54679">during </span><span class="pp-class-372 pa t43136 l54680">the </span><span class="pp-class-372 pa t43136 l54681 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l54682">345</span><span class="pp-class-374 pa t54683 l54684">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l50459">49</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l3">Used </span><span class="pp-class-372 pa t43142 l54685">during </span><span class="pp-class-372 pa t43142 l54686">the </span><span class="pp-class-372 pa t43142 l54687 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l54688">-59</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l54689 ls4819">-17</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l3 ls16">Reversal </span><span class="pp-class-372 pa t19778 l42367 ls287">of </span><span class="pp-class-372 pa t19778 l42368">unused </span><span class="pp-class-372 pa t19778 l54690 ls897">provisions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l52978">-12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l54691">-12</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43147 l3 ls2671">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43147 l54040">-7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43147 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43151 l3">Other </span><span class="pp-class-373 pa t43151 l38207 ls81">provisions </span><span class="pp-class-373 pa t43151 l54692 ls1323">at </span><span class="pp-class-373 pa t43151 l21173">31 </span><span class="pp-class-373 pa t43151 l49737">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43151 l54693">449</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43151 l54694">134</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54695 l3">Other </span><span class="pp-class-373 pa t54695 l38207 ls81">provisions </span><span class="pp-class-373 pa t54695 l54692 ls671">are </span><span class="pp-class-373 pa t54695 l54696 ls860">expected </span><span class="pp-class-373 pa t54695 l54697">to </span><span class="pp-class-373 pa t54695 l54698">be </span><span class="pp-class-373 pa t54695 l54699 ls858">payable </span><span class="pp-class-373 pa t54695 l54700">in:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54701 l3">0-1 </span><span class="pp-class-372 pa t54701 l54432 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54701 l54702">392</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54701 l42359">113</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54703 l3 ls4652">1-5 </span><span class="pp-class-372 pa t54703 l54436 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54703 l54704">55</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54703 l50195">12</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54705 l3 ls225">After </span><span class="pp-class-372 pa t54705 l26660">5 </span><span class="pp-class-372 pa t54705 l50407 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54705 l50235">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54705 l54706 ls302">10</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54707 l3">Other </span><span class="pp-class-373 pa t54707 l38207 ls81">provisions </span><span class="pp-class-373 pa t54707 l54692 ls1323">at </span><span class="pp-class-373 pa t54707 l21173">31 </span><span class="pp-class-373 pa t54707 l49737">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54707 l54693">449</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54707 l54694">134</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t54708 l3 ls1309">Of </span><span class="pp-class-382 pa t54708 l54709 ls866">the </span><span class="pp-class-382 pa t54708 l54710 ls195">Group’s </span><span class="pp-class-382 pa t54708 l30033 ls646">provision </span><span class="pp-class-382 pa t54708 l54711 ls1257">of </span><span class="pp-class-382 pa t54708 l54712 ls866">DKK </span><span class="pp-class-382 pa t54708 l54713 ls1237">449m </span><span class="pp-class-382 pa t54708 l54714 ls296">(2023: </span><span class="pp-class-382 pa t54708 l16466 ls866">DKK </span><span class="pp-class-382 pa t54708 l9030 ls296">134m), </span><span class="pp-class-382 pa t54708 l54715 ls866">DKK </span><span class="pp-class-382 pa t54708 l54716 ls688">318m </span><span class="pp-class-382 pa t54708 l54717 ls296">(2023: </span><span class="pp-class-382 pa t54708 l54718 ls866">DKK </span><span class="pp-class-382 pa t54708 l54719 ls866">0m) </span><span class="pp-class-382 pa t54708 l54720 ls1309">is </span><span class="pp-class-382 pa t54708 l54721 ls8853">ETS </span><span class="pp-class-382 pa t54708 l54722 ls4275">emission </span><span class="pp-class-382 pa t54708 l54723 ls4305">provision; </span><span class="pp-class-382 pa t54724 l3 ls866">DKK </span><span class="pp-class-382 pa t54724 l54725 ls866">34m </span><span class="pp-class-382 pa t54724 l54726 ls296">(2023: </span><span class="pp-class-382 pa t54724 l54727 ls866">DKK </span><span class="pp-class-382 pa t54724 l54728 ls1237">30m) </span><span class="pp-class-382 pa t54724 l54729 ls1309">is </span><span class="pp-class-382 pa t54724 l54730 ls1316">redelivery </span><span class="pp-class-382 pa t54724 l54731 ls646">provision </span><span class="pp-class-382 pa t54724 l54732 ls1309">on </span><span class="pp-class-382 pa t54724 l20763 ls3474">leases; </span><span class="pp-class-382 pa t54724 l54733 ls866">DKK </span><span class="pp-class-382 pa t54724 l54734 ls1243">24m </span><span class="pp-class-382 pa t54724 l54735 ls296">(2023: </span><span class="pp-class-382 pa t54724 l54736 ls866">DKK </span><span class="pp-class-382 pa t54724 l54737 ls1237">15m) </span><span class="pp-class-382 pa t54724 l54738 ls1309">is </span><span class="pp-class-382 pa t54724 l54739 ls2138">related </span><span class="pp-class-382 pa t54724 l54740 ls2482">to </span><span class="pp-class-382 pa t54741 l3 ls2944">investments </span><span class="pp-class-382 pa t54741 l54742 ls1309">in </span><span class="pp-class-382 pa t54741 l54743 ls1244">associates/joint </span><span class="pp-class-382 pa t54741 l11871 ls2401">ventures; </span><span class="pp-class-382 pa t54741 l54744 ls866">DKK </span><span class="pp-class-382 pa t54741 l54745 ls1309">9m </span><span class="pp-class-382 pa t54741 l54746 ls296">(2023: </span><span class="pp-class-382 pa t54741 l54747 ls866">DKK </span><span class="pp-class-382 pa t54741 l54748 ls1237">11m) </span><span class="pp-class-382 pa t54741 l54749 ls1309">is </span><span class="pp-class-382 pa t54741 l54750 ls3623">restructuring </span><span class="pp-class-382 pa t54741 l52325 ls800">provision; </span><span class="pp-class-382 pa t54741 l54751 ls866">DKK </span><span class="pp-class-382 pa t54741 l54752 ls1309">0m </span><span class="pp-class-382 pa t54741 l54753 ls58">(2023: </span><span class="pp-class-382 pa t54754 l3 ls866">DKK </span><span class="pp-class-382 pa t54754 l54725 ls1237">38m) </span><span class="pp-class-382 pa t54754 l40361 ls1309">is </span><span class="pp-class-382 pa t54754 l30760 ls2127">estimated </span><span class="pp-class-382 pa t54754 l38807 ls1772">net </span><span class="pp-class-382 pa t54754 l54755 ls1243">present </span><span class="pp-class-382 pa t54754 l54021 ls1194">value </span><span class="pp-class-382 pa t54754 l54756 ls1257">of </span><span class="pp-class-382 pa t54754 l54757 ls2486">earn-out </span><span class="pp-class-382 pa t54754 l54758 ls2149">agreements </span><span class="pp-class-382 pa t54754 l54759 ls4396">regarding </span><span class="pp-class-382 pa t54754 l51429 ls2088">acquisitions; </span><span class="pp-class-382 pa t54754 l54760 ls866">and </span><span class="pp-class-382 pa t54754 l48465 ls866">DKK </span><span class="pp-class-382 pa t54754 l54761 ls866">65m </span><span class="pp-class-382 pa t54754 l54762 ls58">(2023: </span><span class="pp-class-382 pa t54763 l3 ls866">DKK </span><span class="pp-class-382 pa t54763 l54725 ls1237">40m) </span><span class="pp-class-382 pa t54763 l54764 ls1309">is </span><span class="pp-class-382 pa t54763 l54765 ls53">other </span><span class="pp-class-382 pa t54763 l54766 ls800">provisions.</span></p><div id="pp-id-5228"><div class="pp-class-363 pp-class-395" id="pp-id-5227"><div class="w37231 h54767 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls828">Provisions </span><span class="pp-class-382 pa t29793 l54768 ls800">are </span><span class="pp-class-382 pa t29793 l4884 ls2970">recognised </span><span class="pp-class-382 pa t29793 l5366 ls1759">when, </span><span class="pp-class-382 pa t29793 l54769 ls858">due </span><span class="pp-class-382 pa t29793 l54770 ls1759">to </span><span class="pp-class-382 pa t29793 l54771 ls1080">an </span><span class="pp-class-382 pa t29793 l54772 ls9967">event </span><span class="pp-class-382 pa t29793 l54773 ls1073">occurring </span><span class="pp-class-382 pa t29793 l54774 ls1080">on </span><span class="pp-class-382 pa t29793 l43684 ls1080">or </span><span class="pp-class-382 pa t29793 l54775 ls800">before </span><span class="pp-class-382 pa t29793 l54776 ls858">the </span><span class="pp-class-382 pa t29793 l54777 ls53">reporting </span><span class="pp-class-382 pa t29793 l54778 ls2688">date, </span><span class="pp-class-382 pa t29793 l24993 ls858">the </span><span class="pp-class-382 pa t29793 l54779 ls728">Group </span><span class="pp-class-382 pa t29798 l3 ls858">has </span><span class="pp-class-382 pa t29798 l48924 ls302">a </span><span class="pp-class-382 pa t29798 l54780 ls1759">legal </span><span class="pp-class-382 pa t29798 l45178 ls1080">or </span><span class="pp-class-382 pa t29798 l54781 ls2889">constructive </span><span class="pp-class-382 pa t29798 l54782 ls688">obligation, </span><span class="pp-class-382 pa t29798 l54783 ls858">and </span><span class="pp-class-382 pa t29798 l54784 ls1080">it </span><span class="pp-class-382 pa t29798 l54785 ls1080">is </span><span class="pp-class-382 pa t29798 l54786 ls8853">probable </span><span class="pp-class-382 pa t29798 l54787 ls6360">that </span><span class="pp-class-382 pa t29798 l54788 ls858">the </span><span class="pp-class-382 pa t29798 l54789 ls2784">Group </span><span class="pp-class-382 pa t29798 l54790 ls1323">will </span><span class="pp-class-382 pa t29798 l54791 ls185">have </span><span class="pp-class-382 pa t29798 l49849 ls1759">to </span><span class="pp-class-382 pa t29798 l54792 ls960">give </span><span class="pp-class-382 pa t29798 l54793 ls1080">up </span><span class="pp-class-382 pa t29798 l54794 ls3477">future </span><span class="pp-class-382 pa t36806 l3 ls2694">economic </span><span class="pp-class-382 pa t36806 l50897 ls1073">benefits </span><span class="pp-class-382 pa t36806 l51119 ls1759">to </span><span class="pp-class-382 pa t36806 l50916 ls806">meet </span><span class="pp-class-382 pa t36806 l54795 ls858">the </span><span class="pp-class-382 pa t36806 l54796 ls688">obligation </span><span class="pp-class-382 pa t36806 l54797 ls858">and </span><span class="pp-class-382 pa t36806 l54798 ls6360">that </span><span class="pp-class-382 pa t36806 l15931 ls1099">the </span><span class="pp-class-382 pa t36806 l54799 ls688">obligation </span><span class="pp-class-382 pa t36806 l54800 ls858">can </span><span class="pp-class-382 pa t36806 l54801 ls1080">be </span><span class="pp-class-382 pa t36806 l54802 ls7858">reliably </span><span class="pp-class-382 pa t36806 l54803 ls2489">estimated. </span><span class="pp-class-382 pa t29811 l3 ls828">Provisions </span><span class="pp-class-382 pa t29811 l54768 ls800">are </span><span class="pp-class-382 pa t29811 l4884 ls2970">recognised </span><span class="pp-class-382 pa t29811 l5366 ls1759">based </span><span class="pp-class-382 pa t29811 l54804 ls1080">on </span><span class="pp-class-382 pa t29811 l54805 ls2088">Management’s </span><span class="pp-class-382 pa t29811 l54806 ls1323">best </span><span class="pp-class-382 pa t29811 l54807 ls2142">estimate </span><span class="pp-class-382 pa t29811 l54808 ls103">of </span><span class="pp-class-382 pa t29811 l54809 ls858">the </span><span class="pp-class-382 pa t29811 l54810 ls3105">anticipated </span><span class="pp-class-382 pa t29811 l54811 ls2688">expenditure </span><span class="pp-class-382 pa t29811 l54812 ls99">for </span><span class="pp-class-382 pa t29824 l3 ls2970">settling </span><span class="pp-class-382 pa t29824 l39637 ls858">the </span><span class="pp-class-382 pa t29824 l54813 ls2132">relevant </span><span class="pp-class-382 pa t29824 l44805 ls688">obligation </span><span class="pp-class-382 pa t29824 l7250 ls858">and </span><span class="pp-class-382 pa t29824 l54814 ls800">are </span><span class="pp-class-382 pa t29824 l54815 ls1701">discounted </span><span class="pp-class-382 pa t29824 l54816 ls1080">if </span><span class="pp-class-382 pa t29824 l54817 ls2486">deemed </span><span class="pp-class-382 pa t29824 l54818 ls2142">material.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29849 l3 ls828">Provisions </span><span class="pp-class-382 pa t29849 l54768 ls3278">for </span><span class="pp-class-382 pa t29849 l54819 ls728">ETS </span><span class="pp-class-382 pa t29849 l54820 ls2694">emission </span><span class="pp-class-382 pa t29849 l54821 ls800">are </span><span class="pp-class-382 pa t29849 l29745 ls1974">initially </span><span class="pp-class-382 pa t29849 l54822 ls803">calculated </span><span class="pp-class-382 pa t29849 l43895 ls1759">based </span><span class="pp-class-382 pa t29849 l54823 ls1080">on </span><span class="pp-class-382 pa t29849 l54824 ls8853">measured </span><span class="pp-class-382 pa t29849 l54825 ls1073">emissions </span><span class="pp-class-382 pa t29849 l54826 ls1083">at </span><span class="pp-class-382 pa t29849 l54827 ls2486">hedged </span><span class="pp-class-382 pa t29849 l54828 ls2486">prices </span><span class="pp-class-382 pa t29849 l54829">- </span><span class="pp-class-382 pa t29853 l3 ls3278">for </span><span class="pp-class-382 pa t29853 l48915 ls1818">certificates </span><span class="pp-class-382 pa t29853 l54830 ls2143">covered </span><span class="pp-class-382 pa t29853 l38665 ls2784">by </span><span class="pp-class-382 pa t29853 l18356 ls1237">hedging </span><span class="pp-class-382 pa t29853 l54831">- </span><span class="pp-class-382 pa t29853 l3962 ls858">and </span><span class="pp-class-382 pa t29853 l45944 ls1083">at </span><span class="pp-class-382 pa t29853 l54832 ls806">spot </span><span class="pp-class-382 pa t29853 l22349 ls2486">prices </span><span class="pp-class-382 pa t29853 l54833">- </span><span class="pp-class-382 pa t29853 l47064 ls3278">for </span><span class="pp-class-382 pa t29853 l54834 ls1759">those </span><span class="pp-class-382 pa t29853 l46905 ls830">not </span><span class="pp-class-382 pa t29853 l54835 ls2143">covered </span><span class="pp-class-382 pa t29853 l54836 ls2784">by </span><span class="pp-class-382 pa t29853 l54837 ls1237">hedges, </span><span class="pp-class-382 pa t29853 l54838 ls858">and </span><span class="pp-class-382 pa t29853 l54839 ls302">the </span><span class="pp-class-382 pa t29866 l3 ls1323">cost </span><span class="pp-class-382 pa t29866 l44420 ls1080">is </span><span class="pp-class-382 pa t29866 l18517 ls2970">recognised </span><span class="pp-class-382 pa t29866 l54840 ls1080">in </span><span class="pp-class-382 pa t29866 l54841 ls858">the </span><span class="pp-class-382 pa t29866 l1435 ls2486">income </span><span class="pp-class-382 pa t29866 l54842 ls1150">statement </span><span class="pp-class-382 pa t29866 l54843 ls1759">under </span><span class="pp-class-382 pa t29866 l54844 ls1099">the </span><span class="pp-class-382 pa t29866 l54845 ls1323">line </span><span class="pp-class-382 pa t29866 l54846 ls1073">item </span><span class="pp-class-382 pa t29866 l54847 ls1323">Ferry </span><span class="pp-class-382 pa t29866 l54848 ls858">and </span><span class="pp-class-382 pa t29866 l54849 ls296">other </span><span class="pp-class-382 pa t29866 l102 ls1323">ship </span><span class="pp-class-382 pa t29866 l54850 ls2760">operation </span><span class="pp-class-382 pa t29866 l54851 ls302">and </span><span class="pp-class-382 pa t36841 l3 ls1701">maintenance </span><span class="pp-class-382 pa t36841 l54852 ls858">and </span><span class="pp-class-382 pa t36841 l52876 ls858">the </span><span class="pp-class-382 pa t36841 l28109 ls2889">corresponding </span><span class="pp-class-382 pa t36841 l54853 ls1073">liability </span><span class="pp-class-382 pa t36841 l54854 ls1080">is </span><span class="pp-class-382 pa t36841 l54855 ls2970">recognised </span><span class="pp-class-382 pa t36841 l54856 ls1759">under </span><span class="pp-class-382 pa t36841 l54857 ls1759">Other </span><span class="pp-class-382 pa t36841 l54858 ls2787">provisions. </span><span class="pp-class-382 pa t36841 l54859 ls10900">At </span><span class="pp-class-382 pa t36841 l51596 ls1305">month </span><span class="pp-class-382 pa t36841 l54860 ls858">end </span><span class="pp-class-382 pa t36841 l54861 ls302">the </span><span class="pp-class-382 pa t29875 l3 ls728">ETS </span><span class="pp-class-382 pa t29875 l17362 ls2694">emission </span><span class="pp-class-382 pa t29875 l33850 ls828">provisions </span><span class="pp-class-382 pa t29875 l42631 ls6360">that </span><span class="pp-class-382 pa t29875 l30839 ls800">are </span><span class="pp-class-382 pa t29875 l54862 ls830">not </span><span class="pp-class-382 pa t29875 l54863 ls2143">covered </span><span class="pp-class-382 pa t29875 l54864 ls2784">by </span><span class="pp-class-382 pa t29875 l27539 ls2486">hedges </span><span class="pp-class-382 pa t29875 l54865 ls800">are </span><span class="pp-class-382 pa t29875 l54866 ls7855">remeasured </span><span class="pp-class-382 pa t29875 l54867 ls1759">based </span><span class="pp-class-382 pa t29875 l54868 ls1080">on </span><span class="pp-class-382 pa t29875 l54869 ls858">the </span><span class="pp-class-382 pa t29875 l54870 ls2854">latest </span><span class="pp-class-382 pa t29875 l54871 ls1123">spot </span><span class="pp-class-382 pa t29878 l3 ls1237">prices. </span><span class="pp-class-382 pa t29878 l22785 ls1237">Changes </span><span class="pp-class-382 pa t29878 l54872 ls1080">in </span><span class="pp-class-382 pa t29878 l51119 ls858">the </span><span class="pp-class-382 pa t29878 l24491 ls728">ETS </span><span class="pp-class-382 pa t29878 l54873 ls2694">emission </span><span class="pp-class-382 pa t29878 l54874 ls828">provisions </span><span class="pp-class-382 pa t29878 l54875 ls800">are </span><span class="pp-class-382 pa t29878 l54876 ls2088">reported </span><span class="pp-class-382 pa t29878 l54877 ls1759">under </span><span class="pp-class-382 pa t29878 l54878 ls2486">change </span><span class="pp-class-382 pa t29878 l54879 ls1080">in </span><span class="pp-class-382 pa t29878 l54880 ls728">working </span><span class="pp-class-382 pa t29878 l54881 ls806">capital </span><span class="pp-class-382 pa t29878 l54882 ls1080">in </span><span class="pp-class-382 pa t29878 l54883 ls302">the </span><span class="pp-class-382 pa t29891 l3 ls1150">statement </span><span class="pp-class-382 pa t29891 l4002 ls103">of </span><span class="pp-class-382 pa t29891 l38658 ls1323">cash </span><span class="pp-class-382 pa t29891 l40310 ls3477">flows. </span></p></div></div></div></div></div><div id="pp-id-5114" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls704">Addition </span><span class="pp-class-376 pa t3433 l47664 ls931">from </span><span class="pp-class-376 pa t3439 l3 ls37">acquisition </span><span class="pp-class-376 pa t3439 l54884 ls287">of </span><span class="pp-class-376 pa t3445 l3 ls842">enterprises </span><span class="pp-class-376 pa t3445 l54885 ls3566">relate </span><span class="pp-class-376 pa t3445 l54886 ls166">to </span><span class="pp-class-376 pa t3445 l43225 ls907">FRS </span><span class="pp-class-376 pa t4202 l3 ls110">Group </span><span class="pp-class-376 pa t4202 l12766">and </span><span class="pp-class-376 pa t4202 l29361 ls180">Ekol </span><span class="pp-class-376 pa t4202 l54887 ls214">Group.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3453 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3457 l3 ls882">Includes </span><span class="pp-class-376 pa t3457 l54888 ls1319">mainly </span><span class="pp-class-376 pa t3457 l54889 ls187">provision </span><span class="pp-class-376 pa t3463 l3 ls85">for </span><span class="pp-class-376 pa t3463 l48219 ls103">emitted </span><span class="pp-class-376 pa t3463 l54890 ls85">greenhouse </span><span class="pp-class-376 pa t4229 l3 ls39">gases </span><span class="pp-class-376 pa t4229 l54891 ls1123">following </span><span class="pp-class-376 pa t4229 l54892 ls332">the </span><span class="pp-class-376 pa t4234 l3 ls124">Maritime </span><span class="pp-class-376 pa t4234 l54893 ls278">EU </span><span class="pp-class-376 pa t4234 l37577 ls16">Emissions </span><span class="pp-class-376 pa t4241 l3 ls1049">Trading </span><span class="pp-class-376 pa t4241 l54894 ls155">System </span><span class="pp-class-376 pa t4241 l54887 ls2835">(ETS) </span><span class="pp-class-376 pa t4246 l3 ls1123">that </span><span class="pp-class-376 pa t4246 l13290 ls16">came </span><span class="pp-class-376 pa t4246 l54895 ls88">into </span><span class="pp-class-376 pa t4246 l23124 ls103">effect </span><span class="pp-class-376 pa t4246 l48940">1 </span><span class="pp-class-376 pa t34377 l3 ls854">January </span><span class="pp-class-376 pa t34377 l54896 ls1323">2024.</span></p></div></div> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls828">Provisions </span><span class="pp-class-382 pa t29793 l54768 ls800">are </span><span class="pp-class-382 pa t29793 l4884 ls2970">recognised </span><span class="pp-class-382 pa t29793 l5366 ls1759">when, </span><span class="pp-class-382 pa t29793 l54769 ls858">due </span><span class="pp-class-382 pa t29793 l54770 ls1759">to </span><span class="pp-class-382 pa t29793 l54771 ls1080">an </span><span class="pp-class-382 pa t29793 l54772 ls9967">event </span><span class="pp-class-382 pa t29793 l54773 ls1073">occurring </span><span class="pp-class-382 pa t29793 l54774 ls1080">on </span><span class="pp-class-382 pa t29793 l43684 ls1080">or </span><span class="pp-class-382 pa t29793 l54775 ls800">before </span><span class="pp-class-382 pa t29793 l54776 ls858">the </span><span class="pp-class-382 pa t29793 l54777 ls53">reporting </span><span class="pp-class-382 pa t29793 l54778 ls2688">date, </span><span class="pp-class-382 pa t29793 l24993 ls858">the </span><span class="pp-class-382 pa t29793 l54779 ls728">Group </span><span class="pp-class-382 pa t29798 l3 ls858">has </span><span class="pp-class-382 pa t29798 l48924 ls302">a </span><span class="pp-class-382 pa t29798 l54780 ls1759">legal </span><span class="pp-class-382 pa t29798 l45178 ls1080">or </span><span class="pp-class-382 pa t29798 l54781 ls2889">constructive </span><span class="pp-class-382 pa t29798 l54782 ls688">obligation, </span><span class="pp-class-382 pa t29798 l54783 ls858">and </span><span class="pp-class-382 pa t29798 l54784 ls1080">it </span><span class="pp-class-382 pa t29798 l54785 ls1080">is </span><span class="pp-class-382 pa t29798 l54786 ls8853">probable </span><span class="pp-class-382 pa t29798 l54787 ls6360">that </span><span class="pp-class-382 pa t29798 l54788 ls858">the </span><span class="pp-class-382 pa t29798 l54789 ls2784">Group </span><span class="pp-class-382 pa t29798 l54790 ls1323">will </span><span class="pp-class-382 pa t29798 l54791 ls185">have </span><span class="pp-class-382 pa t29798 l49849 ls1759">to </span><span class="pp-class-382 pa t29798 l54792 ls960">give </span><span class="pp-class-382 pa t29798 l54793 ls1080">up </span><span class="pp-class-382 pa t29798 l54794 ls3477">future </span><span class="pp-class-382 pa t36806 l3 ls2694">economic </span><span class="pp-class-382 pa t36806 l50897 ls1073">benefits </span><span class="pp-class-382 pa t36806 l51119 ls1759">to </span><span class="pp-class-382 pa t36806 l50916 ls806">meet </span><span class="pp-class-382 pa t36806 l54795 ls858">the </span><span class="pp-class-382 pa t36806 l54796 ls688">obligation </span><span class="pp-class-382 pa t36806 l54797 ls858">and </span><span class="pp-class-382 pa t36806 l54798 ls6360">that </span><span class="pp-class-382 pa t36806 l15931 ls1099">the </span><span class="pp-class-382 pa t36806 l54799 ls688">obligation </span><span class="pp-class-382 pa t36806 l54800 ls858">can </span><span class="pp-class-382 pa t36806 l54801 ls1080">be </span><span class="pp-class-382 pa t36806 l54802 ls7858">reliably </span><span class="pp-class-382 pa t36806 l54803 ls2489">estimated. </span><span class="pp-class-382 pa t29811 l3 ls828">Provisions </span><span class="pp-class-382 pa t29811 l54768 ls800">are </span><span class="pp-class-382 pa t29811 l4884 ls2970">recognised </span><span class="pp-class-382 pa t29811 l5366 ls1759">based </span><span class="pp-class-382 pa t29811 l54804 ls1080">on </span><span class="pp-class-382 pa t29811 l54805 ls2088">Management’s </span><span class="pp-class-382 pa t29811 l54806 ls1323">best </span><span class="pp-class-382 pa t29811 l54807 ls2142">estimate </span><span class="pp-class-382 pa t29811 l54808 ls103">of </span><span class="pp-class-382 pa t29811 l54809 ls858">the </span><span class="pp-class-382 pa t29811 l54810 ls3105">anticipated </span><span class="pp-class-382 pa t29811 l54811 ls2688">expenditure </span><span class="pp-class-382 pa t29811 l54812 ls99">for </span><span class="pp-class-382 pa t29824 l3 ls2970">settling </span><span class="pp-class-382 pa t29824 l39637 ls858">the </span><span class="pp-class-382 pa t29824 l54813 ls2132">relevant </span><span class="pp-class-382 pa t29824 l44805 ls688">obligation </span><span class="pp-class-382 pa t29824 l7250 ls858">and </span><span class="pp-class-382 pa t29824 l54814 ls800">are </span><span class="pp-class-382 pa t29824 l54815 ls1701">discounted </span><span class="pp-class-382 pa t29824 l54816 ls1080">if </span><span class="pp-class-382 pa t29824 l54817 ls2486">deemed </span><span class="pp-class-382 pa t29824 l54818 ls2142">material.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29849 l3 ls828">Provisions </span><span class="pp-class-382 pa t29849 l54768 ls3278">for </span><span class="pp-class-382 pa t29849 l54819 ls728">ETS </span><span class="pp-class-382 pa t29849 l54820 ls2694">emission </span><span class="pp-class-382 pa t29849 l54821 ls800">are </span><span class="pp-class-382 pa t29849 l29745 ls1974">initially </span><span class="pp-class-382 pa t29849 l54822 ls803">calculated </span><span class="pp-class-382 pa t29849 l43895 ls1759">based </span><span class="pp-class-382 pa t29849 l54823 ls1080">on </span><span class="pp-class-382 pa t29849 l54824 ls8853">measured </span><span class="pp-class-382 pa t29849 l54825 ls1073">emissions </span><span class="pp-class-382 pa t29849 l54826 ls1083">at </span><span class="pp-class-382 pa t29849 l54827 ls2486">hedged </span><span class="pp-class-382 pa t29849 l54828 ls2486">prices </span><span class="pp-class-382 pa t29849 l54829">- </span><span class="pp-class-382 pa t29853 l3 ls3278">for </span><span class="pp-class-382 pa t29853 l48915 ls1818">certificates </span><span class="pp-class-382 pa t29853 l54830 ls2143">covered </span><span class="pp-class-382 pa t29853 l38665 ls2784">by </span><span class="pp-class-382 pa t29853 l18356 ls1237">hedging </span><span class="pp-class-382 pa t29853 l54831">- </span><span class="pp-class-382 pa t29853 l3962 ls858">and </span><span class="pp-class-382 pa t29853 l45944 ls1083">at </span><span class="pp-class-382 pa t29853 l54832 ls806">spot </span><span class="pp-class-382 pa t29853 l22349 ls2486">prices </span><span class="pp-class-382 pa t29853 l54833">- </span><span class="pp-class-382 pa t29853 l47064 ls3278">for </span><span class="pp-class-382 pa t29853 l54834 ls1759">those </span><span class="pp-class-382 pa t29853 l46905 ls830">not </span><span class="pp-class-382 pa t29853 l54835 ls2143">covered </span><span class="pp-class-382 pa t29853 l54836 ls2784">by </span><span class="pp-class-382 pa t29853 l54837 ls1237">hedges, </span><span class="pp-class-382 pa t29853 l54838 ls858">and </span><span class="pp-class-382 pa t29853 l54839 ls302">the </span><span class="pp-class-382 pa t29866 l3 ls1323">cost </span><span class="pp-class-382 pa t29866 l44420 ls1080">is </span><span class="pp-class-382 pa t29866 l18517 ls2970">recognised </span><span class="pp-class-382 pa t29866 l54840 ls1080">in </span><span class="pp-class-382 pa t29866 l54841 ls858">the </span><span class="pp-class-382 pa t29866 l1435 ls2486">income </span><span class="pp-class-382 pa t29866 l54842 ls1150">statement </span><span class="pp-class-382 pa t29866 l54843 ls1759">under </span><span class="pp-class-382 pa t29866 l54844 ls1099">the </span><span class="pp-class-382 pa t29866 l54845 ls1323">line </span><span class="pp-class-382 pa t29866 l54846 ls1073">item </span><span class="pp-class-382 pa t29866 l54847 ls1323">Ferry </span><span class="pp-class-382 pa t29866 l54848 ls858">and </span><span class="pp-class-382 pa t29866 l54849 ls296">other </span><span class="pp-class-382 pa t29866 l102 ls1323">ship </span><span class="pp-class-382 pa t29866 l54850 ls2760">operation </span><span class="pp-class-382 pa t29866 l54851 ls302">and </span><span class="pp-class-382 pa t36841 l3 ls1701">maintenance </span><span class="pp-class-382 pa t36841 l54852 ls858">and </span><span class="pp-class-382 pa t36841 l52876 ls858">the </span><span class="pp-class-382 pa t36841 l28109 ls2889">corresponding </span><span class="pp-class-382 pa t36841 l54853 ls1073">liability </span><span class="pp-class-382 pa t36841 l54854 ls1080">is </span><span class="pp-class-382 pa t36841 l54855 ls2970">recognised </span><span class="pp-class-382 pa t36841 l54856 ls1759">under </span><span class="pp-class-382 pa t36841 l54857 ls1759">Other </span><span class="pp-class-382 pa t36841 l54858 ls2787">provisions. </span><span class="pp-class-382 pa t36841 l54859 ls10900">At </span><span class="pp-class-382 pa t36841 l51596 ls1305">month </span><span class="pp-class-382 pa t36841 l54860 ls858">end </span><span class="pp-class-382 pa t36841 l54861 ls302">the </span><span class="pp-class-382 pa t29875 l3 ls728">ETS </span><span class="pp-class-382 pa t29875 l17362 ls2694">emission </span><span class="pp-class-382 pa t29875 l33850 ls828">provisions </span><span class="pp-class-382 pa t29875 l42631 ls6360">that </span><span class="pp-class-382 pa t29875 l30839 ls800">are </span><span class="pp-class-382 pa t29875 l54862 ls830">not </span><span class="pp-class-382 pa t29875 l54863 ls2143">covered </span><span class="pp-class-382 pa t29875 l54864 ls2784">by </span><span class="pp-class-382 pa t29875 l27539 ls2486">hedges </span><span class="pp-class-382 pa t29875 l54865 ls800">are </span><span class="pp-class-382 pa t29875 l54866 ls7855">remeasured </span><span class="pp-class-382 pa t29875 l54867 ls1759">based </span><span class="pp-class-382 pa t29875 l54868 ls1080">on </span><span class="pp-class-382 pa t29875 l54869 ls858">the </span><span class="pp-class-382 pa t29875 l54870 ls2854">latest </span><span class="pp-class-382 pa t29875 l54871 ls1123">spot </span><span class="pp-class-382 pa t29878 l3 ls1237">prices. </span><span class="pp-class-382 pa t29878 l22785 ls1237">Changes </span><span class="pp-class-382 pa t29878 l54872 ls1080">in </span><span class="pp-class-382 pa t29878 l51119 ls858">the </span><span class="pp-class-382 pa t29878 l24491 ls728">ETS </span><span class="pp-class-382 pa t29878 l54873 ls2694">emission </span><span class="pp-class-382 pa t29878 l54874 ls828">provisions </span><span class="pp-class-382 pa t29878 l54875 ls800">are </span><span class="pp-class-382 pa t29878 l54876 ls2088">reported </span><span class="pp-class-382 pa t29878 l54877 ls1759">under </span><span class="pp-class-382 pa t29878 l54878 ls2486">change </span><span class="pp-class-382 pa t29878 l54879 ls1080">in </span><span class="pp-class-382 pa t29878 l54880 ls728">working </span><span class="pp-class-382 pa t29878 l54881 ls806">capital </span><span class="pp-class-382 pa t29878 l54882 ls1080">in </span><span class="pp-class-382 pa t29878 l54883 ls302">the </span><span class="pp-class-382 pa t29891 l3 ls1150">statement </span><span class="pp-class-382 pa t29891 l4002 ls103">of </span><span class="pp-class-382 pa t29891 l38658 ls1323">cash </span><span class="pp-class-382 pa t29891 l40310 ls3477">flows. </span></p><div id="pp-id-5114" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls704">Addition </span><span class="pp-class-376 pa t3433 l47664 ls931">from </span><span class="pp-class-376 pa t3439 l3 ls37">acquisition </span><span class="pp-class-376 pa t3439 l54884 ls287">of </span><span class="pp-class-376 pa t3445 l3 ls842">enterprises </span><span class="pp-class-376 pa t3445 l54885 ls3566">relate </span><span class="pp-class-376 pa t3445 l54886 ls166">to </span><span class="pp-class-376 pa t3445 l43225 ls907">FRS </span><span class="pp-class-376 pa t4202 l3 ls110">Group </span><span class="pp-class-376 pa t4202 l12766">and </span><span class="pp-class-376 pa t4202 l29361 ls180">Ekol </span><span class="pp-class-376 pa t4202 l54887 ls214">Group.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3453 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3457 l3 ls882">Includes </span><span class="pp-class-376 pa t3457 l54888 ls1319">mainly </span><span class="pp-class-376 pa t3457 l54889 ls187">provision </span><span class="pp-class-376 pa t3463 l3 ls85">for </span><span class="pp-class-376 pa t3463 l48219 ls103">emitted </span><span class="pp-class-376 pa t3463 l54890 ls85">greenhouse </span><span class="pp-class-376 pa t4229 l3 ls39">gases </span><span class="pp-class-376 pa t4229 l54891 ls1123">following </span><span class="pp-class-376 pa t4229 l54892 ls332">the </span><span class="pp-class-376 pa t4234 l3 ls124">Maritime </span><span class="pp-class-376 pa t4234 l54893 ls278">EU </span><span class="pp-class-376 pa t4234 l37577 ls16">Emissions </span><span class="pp-class-376 pa t4241 l3 ls1049">Trading </span><span class="pp-class-376 pa t4241 l54894 ls155">System </span><span class="pp-class-376 pa t4241 l54887 ls2835">(ETS) </span><span class="pp-class-376 pa t4246 l3 ls1123">that </span><span class="pp-class-376 pa t4246 l13290 ls16">came </span><span class="pp-class-376 pa t4246 l54895 ls88">into </span><span class="pp-class-376 pa t4246 l23124 ls103">effect </span><span class="pp-class-376 pa t4246 l48940">1 </span><span class="pp-class-376 pa t34377 l3 ls854">January </span><span class="pp-class-376 pa t34377 l54896 ls1323">2024.</span></p></div></div> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls828">Provisions </span><span class="pp-class-382 pa t29793 l54768 ls800">are </span><span class="pp-class-382 pa t29793 l4884 ls2970">recognised </span><span class="pp-class-382 pa t29793 l5366 ls1759">when, </span><span class="pp-class-382 pa t29793 l54769 ls858">due </span><span class="pp-class-382 pa t29793 l54770 ls1759">to </span><span class="pp-class-382 pa t29793 l54771 ls1080">an </span><span class="pp-class-382 pa t29793 l54772 ls9967">event </span><span class="pp-class-382 pa t29793 l54773 ls1073">occurring </span><span class="pp-class-382 pa t29793 l54774 ls1080">on </span><span class="pp-class-382 pa t29793 l43684 ls1080">or </span><span class="pp-class-382 pa t29793 l54775 ls800">before </span><span class="pp-class-382 pa t29793 l54776 ls858">the </span><span class="pp-class-382 pa t29793 l54777 ls53">reporting </span><span class="pp-class-382 pa t29793 l54778 ls2688">date, </span><span class="pp-class-382 pa t29793 l24993 ls858">the </span><span class="pp-class-382 pa t29793 l54779 ls728">Group </span><span class="pp-class-382 pa t29798 l3 ls858">has </span><span class="pp-class-382 pa t29798 l48924 ls302">a </span><span class="pp-class-382 pa t29798 l54780 ls1759">legal </span><span class="pp-class-382 pa t29798 l45178 ls1080">or </span><span class="pp-class-382 pa t29798 l54781 ls2889">constructive </span><span class="pp-class-382 pa t29798 l54782 ls688">obligation, </span><span class="pp-class-382 pa t29798 l54783 ls858">and </span><span class="pp-class-382 pa t29798 l54784 ls1080">it </span><span class="pp-class-382 pa t29798 l54785 ls1080">is </span><span class="pp-class-382 pa t29798 l54786 ls8853">probable </span><span class="pp-class-382 pa t29798 l54787 ls6360">that </span><span class="pp-class-382 pa t29798 l54788 ls858">the </span><span class="pp-class-382 pa t29798 l54789 ls2784">Group </span><span class="pp-class-382 pa t29798 l54790 ls1323">will </span><span class="pp-class-382 pa t29798 l54791 ls185">have </span><span class="pp-class-382 pa t29798 l49849 ls1759">to </span><span class="pp-class-382 pa t29798 l54792 ls960">give </span><span class="pp-class-382 pa t29798 l54793 ls1080">up </span><span class="pp-class-382 pa t29798 l54794 ls3477">future </span><span class="pp-class-382 pa t36806 l3 ls2694">economic </span><span class="pp-class-382 pa t36806 l50897 ls1073">benefits </span><span class="pp-class-382 pa t36806 l51119 ls1759">to </span><span class="pp-class-382 pa t36806 l50916 ls806">meet </span><span class="pp-class-382 pa t36806 l54795 ls858">the </span><span class="pp-class-382 pa t36806 l54796 ls688">obligation </span><span class="pp-class-382 pa t36806 l54797 ls858">and </span><span class="pp-class-382 pa t36806 l54798 ls6360">that </span><span class="pp-class-382 pa t36806 l15931 ls1099">the </span><span class="pp-class-382 pa t36806 l54799 ls688">obligation </span><span class="pp-class-382 pa t36806 l54800 ls858">can </span><span class="pp-class-382 pa t36806 l54801 ls1080">be </span><span class="pp-class-382 pa t36806 l54802 ls7858">reliably </span><span class="pp-class-382 pa t36806 l54803 ls2489">estimated. </span><span class="pp-class-382 pa t29811 l3 ls828">Provisions </span><span class="pp-class-382 pa t29811 l54768 ls800">are </span><span class="pp-class-382 pa t29811 l4884 ls2970">recognised </span><span class="pp-class-382 pa t29811 l5366 ls1759">based </span><span class="pp-class-382 pa t29811 l54804 ls1080">on </span><span class="pp-class-382 pa t29811 l54805 ls2088">Management’s </span><span class="pp-class-382 pa t29811 l54806 ls1323">best </span><span class="pp-class-382 pa t29811 l54807 ls2142">estimate </span><span class="pp-class-382 pa t29811 l54808 ls103">of </span><span class="pp-class-382 pa t29811 l54809 ls858">the </span><span class="pp-class-382 pa t29811 l54810 ls3105">anticipated </span><span class="pp-class-382 pa t29811 l54811 ls2688">expenditure </span><span class="pp-class-382 pa t29811 l54812 ls99">for </span><span class="pp-class-382 pa t29824 l3 ls2970">settling </span><span class="pp-class-382 pa t29824 l39637 ls858">the </span><span class="pp-class-382 pa t29824 l54813 ls2132">relevant </span><span class="pp-class-382 pa t29824 l44805 ls688">obligation </span><span class="pp-class-382 pa t29824 l7250 ls858">and </span><span class="pp-class-382 pa t29824 l54814 ls800">are </span><span class="pp-class-382 pa t29824 l54815 ls1701">discounted </span><span class="pp-class-382 pa t29824 l54816 ls1080">if </span><span class="pp-class-382 pa t29824 l54817 ls2486">deemed </span><span class="pp-class-382 pa t29824 l54818 ls2142">material.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29849 l3 ls828">Provisions </span><span class="pp-class-382 pa t29849 l54768 ls3278">for </span><span class="pp-class-382 pa t29849 l54819 ls728">ETS </span><span class="pp-class-382 pa t29849 l54820 ls2694">emission </span><span class="pp-class-382 pa t29849 l54821 ls800">are </span><span class="pp-class-382 pa t29849 l29745 ls1974">initially </span><span class="pp-class-382 pa t29849 l54822 ls803">calculated </span><span class="pp-class-382 pa t29849 l43895 ls1759">based </span><span class="pp-class-382 pa t29849 l54823 ls1080">on </span><span class="pp-class-382 pa t29849 l54824 ls8853">measured </span><span class="pp-class-382 pa t29849 l54825 ls1073">emissions </span><span class="pp-class-382 pa t29849 l54826 ls1083">at </span><span class="pp-class-382 pa t29849 l54827 ls2486">hedged </span><span class="pp-class-382 pa t29849 l54828 ls2486">prices </span><span class="pp-class-382 pa t29849 l54829">- </span><span class="pp-class-382 pa t29853 l3 ls3278">for </span><span class="pp-class-382 pa t29853 l48915 ls1818">certificates </span><span class="pp-class-382 pa t29853 l54830 ls2143">covered </span><span class="pp-class-382 pa t29853 l38665 ls2784">by </span><span class="pp-class-382 pa t29853 l18356 ls1237">hedging </span><span class="pp-class-382 pa t29853 l54831">- </span><span class="pp-class-382 pa t29853 l3962 ls858">and </span><span class="pp-class-382 pa t29853 l45944 ls1083">at </span><span class="pp-class-382 pa t29853 l54832 ls806">spot </span><span class="pp-class-382 pa t29853 l22349 ls2486">prices </span><span class="pp-class-382 pa t29853 l54833">- </span><span class="pp-class-382 pa t29853 l47064 ls3278">for </span><span class="pp-class-382 pa t29853 l54834 ls1759">those </span><span class="pp-class-382 pa t29853 l46905 ls830">not </span><span class="pp-class-382 pa t29853 l54835 ls2143">covered </span><span class="pp-class-382 pa t29853 l54836 ls2784">by </span><span class="pp-class-382 pa t29853 l54837 ls1237">hedges, </span><span class="pp-class-382 pa t29853 l54838 ls858">and </span><span class="pp-class-382 pa t29853 l54839 ls302">the </span><span class="pp-class-382 pa t29866 l3 ls1323">cost </span><span class="pp-class-382 pa t29866 l44420 ls1080">is </span><span class="pp-class-382 pa t29866 l18517 ls2970">recognised </span><span class="pp-class-382 pa t29866 l54840 ls1080">in </span><span class="pp-class-382 pa t29866 l54841 ls858">the </span><span class="pp-class-382 pa t29866 l1435 ls2486">income </span><span class="pp-class-382 pa t29866 l54842 ls1150">statement </span><span class="pp-class-382 pa t29866 l54843 ls1759">under </span><span class="pp-class-382 pa t29866 l54844 ls1099">the </span><span class="pp-class-382 pa t29866 l54845 ls1323">line </span><span class="pp-class-382 pa t29866 l54846 ls1073">item </span><span class="pp-class-382 pa t29866 l54847 ls1323">Ferry </span><span class="pp-class-382 pa t29866 l54848 ls858">and </span><span class="pp-class-382 pa t29866 l54849 ls296">other </span><span class="pp-class-382 pa t29866 l102 ls1323">ship </span><span class="pp-class-382 pa t29866 l54850 ls2760">operation </span><span class="pp-class-382 pa t29866 l54851 ls302">and </span><span class="pp-class-382 pa t36841 l3 ls1701">maintenance </span><span class="pp-class-382 pa t36841 l54852 ls858">and </span><span class="pp-class-382 pa t36841 l52876 ls858">the </span><span class="pp-class-382 pa t36841 l28109 ls2889">corresponding </span><span class="pp-class-382 pa t36841 l54853 ls1073">liability </span><span class="pp-class-382 pa t36841 l54854 ls1080">is </span><span class="pp-class-382 pa t36841 l54855 ls2970">recognised </span><span class="pp-class-382 pa t36841 l54856 ls1759">under </span><span class="pp-class-382 pa t36841 l54857 ls1759">Other </span><span class="pp-class-382 pa t36841 l54858 ls2787">provisions. </span><span class="pp-class-382 pa t36841 l54859 ls10900">At </span><span class="pp-class-382 pa t36841 l51596 ls1305">month </span><span class="pp-class-382 pa t36841 l54860 ls858">end </span><span class="pp-class-382 pa t36841 l54861 ls302">the </span><span class="pp-class-382 pa t29875 l3 ls728">ETS </span><span class="pp-class-382 pa t29875 l17362 ls2694">emission </span><span class="pp-class-382 pa t29875 l33850 ls828">provisions </span><span class="pp-class-382 pa t29875 l42631 ls6360">that </span><span class="pp-class-382 pa t29875 l30839 ls800">are </span><span class="pp-class-382 pa t29875 l54862 ls830">not </span><span class="pp-class-382 pa t29875 l54863 ls2143">covered </span><span class="pp-class-382 pa t29875 l54864 ls2784">by </span><span class="pp-class-382 pa t29875 l27539 ls2486">hedges </span><span class="pp-class-382 pa t29875 l54865 ls800">are </span><span class="pp-class-382 pa t29875 l54866 ls7855">remeasured </span><span class="pp-class-382 pa t29875 l54867 ls1759">based </span><span class="pp-class-382 pa t29875 l54868 ls1080">on </span><span class="pp-class-382 pa t29875 l54869 ls858">the </span><span class="pp-class-382 pa t29875 l54870 ls2854">latest </span><span class="pp-class-382 pa t29875 l54871 ls1123">spot </span><span class="pp-class-382 pa t29878 l3 ls1237">prices. </span><span class="pp-class-382 pa t29878 l22785 ls1237">Changes </span><span class="pp-class-382 pa t29878 l54872 ls1080">in </span><span class="pp-class-382 pa t29878 l51119 ls858">the </span><span class="pp-class-382 pa t29878 l24491 ls728">ETS </span><span class="pp-class-382 pa t29878 l54873 ls2694">emission </span><span class="pp-class-382 pa t29878 l54874 ls828">provisions </span><span class="pp-class-382 pa t29878 l54875 ls800">are </span><span class="pp-class-382 pa t29878 l54876 ls2088">reported </span><span class="pp-class-382 pa t29878 l54877 ls1759">under </span><span class="pp-class-382 pa t29878 l54878 ls2486">change </span><span class="pp-class-382 pa t29878 l54879 ls1080">in </span><span class="pp-class-382 pa t29878 l54880 ls728">working </span><span class="pp-class-382 pa t29878 l54881 ls806">capital </span><span class="pp-class-382 pa t29878 l54882 ls1080">in </span><span class="pp-class-382 pa t29878 l54883 ls302">the </span><span class="pp-class-382 pa t29891 l3 ls1150">statement </span><span class="pp-class-382 pa t29891 l4002 ls103">of </span><span class="pp-class-382 pa t29891 l38658 ls1323">cash </span><span class="pp-class-382 pa t29891 l40310 ls3477">flows. </span></p><div id="pp-id-5114" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls704">Addition </span><span class="pp-class-376 pa t3433 l47664 ls931">from </span><span class="pp-class-376 pa t3439 l3 ls37">acquisition </span><span class="pp-class-376 pa t3439 l54884 ls287">of </span><span class="pp-class-376 pa t3445 l3 ls842">enterprises </span><span class="pp-class-376 pa t3445 l54885 ls3566">relate </span><span class="pp-class-376 pa t3445 l54886 ls166">to </span><span class="pp-class-376 pa t3445 l43225 ls907">FRS </span><span class="pp-class-376 pa t4202 l3 ls110">Group </span><span class="pp-class-376 pa t4202 l12766">and </span><span class="pp-class-376 pa t4202 l29361 ls180">Ekol </span><span class="pp-class-376 pa t4202 l54887 ls214">Group.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3453 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3457 l3 ls882">Includes </span><span class="pp-class-376 pa t3457 l54888 ls1319">mainly </span><span class="pp-class-376 pa t3457 l54889 ls187">provision </span><span class="pp-class-376 pa t3463 l3 ls85">for </span><span class="pp-class-376 pa t3463 l48219 ls103">emitted </span><span class="pp-class-376 pa t3463 l54890 ls85">greenhouse </span><span class="pp-class-376 pa t4229 l3 ls39">gases </span><span class="pp-class-376 pa t4229 l54891 ls1123">following </span><span class="pp-class-376 pa t4229 l54892 ls332">the </span><span class="pp-class-376 pa t4234 l3 ls124">Maritime </span><span class="pp-class-376 pa t4234 l54893 ls278">EU </span><span class="pp-class-376 pa t4234 l37577 ls16">Emissions </span><span class="pp-class-376 pa t4241 l3 ls1049">Trading </span><span class="pp-class-376 pa t4241 l54894 ls155">System </span><span class="pp-class-376 pa t4241 l54887 ls2835">(ETS) </span><span class="pp-class-376 pa t4246 l3 ls1123">that </span><span class="pp-class-376 pa t4246 l13290 ls16">came </span><span class="pp-class-376 pa t4246 l54895 ls88">into </span><span class="pp-class-376 pa t4246 l23124 ls103">effect </span><span class="pp-class-376 pa t4246 l48940">1 </span><span class="pp-class-376 pa t34377 l3 ls854">January </span><span class="pp-class-376 pa t34377 l54896 ls1323">2024.</span></p></div></div> <div id="pp-id-5232" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h54992 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.1 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">and </span><span class="pp-class-370 pa t21055 l54994 ls931">operational </span><span class="pp-class-370 pa t21055 l54995 ls99">risks</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45774 l3 ls1759">DFDS’ </span><span class="pp-class-383 pa t45774 l54996 ls1323">risk </span><span class="pp-class-383 pa t45774 l47385 ls53">management </span><span class="pp-class-383 pa t45774 l34349 ls1083">policy</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45789 l3 ls3230">DFDS’ </span><span class="pp-class-382 pa t45789 l3321 ls2955">risk </span><span class="pp-class-382 pa t45789 l16368 ls1722">management </span><span class="pp-class-382 pa t45789 l44012 ls1734">policy </span><span class="pp-class-382 pa t45789 l54997 ls2760">is </span><span class="pp-class-382 pa t45789 l54998 ls21295">governed </span><span class="pp-class-382 pa t45789 l54999 ls3362">by </span><span class="pp-class-382 pa t45789 l55000 ls650">the </span><span class="pp-class-382 pa t45789 l55001 ls2955">DFDS </span><span class="pp-class-382 pa t45789 l55002 ls3241">Financial </span><span class="pp-class-382 pa t45789 l55003 ls19850">Policy, </span><span class="pp-class-382 pa t45789 l55004 ls3230">which </span><span class="pp-class-382 pa t45789 l55005 ls2760">is </span><span class="pp-class-382 pa t45789 l55006 ls1055">approved </span><span class="pp-class-382 pa t45789 l55007 ls3362">by </span><span class="pp-class-382 pa t45789 l55008 ls650">the </span><span class="pp-class-382 pa t45789 l55009 ls3036">Board </span><span class="pp-class-382 pa t45789 l55010 ls103">of </span><span class="pp-class-382 pa t45805 l3 ls21295">Directors </span><span class="pp-class-382 pa t45805 l55011 ls2760">on </span><span class="pp-class-382 pa t45805 l55012 ls2760">an </span><span class="pp-class-382 pa t45805 l55013 ls15062">annual </span><span class="pp-class-382 pa t45805 l55014 ls15062">basis. </span><span class="pp-class-382 pa t45805 l52375 ls650">The </span><span class="pp-class-382 pa t45805 l55015 ls3241">financial </span><span class="pp-class-382 pa t45805 l55016 ls3446">Policy </span><span class="pp-class-382 pa t45805 l55017 ls3123">sets </span><span class="pp-class-382 pa t45805 l46140 ls650">out </span><span class="pp-class-382 pa t45805 l55018 ls3241">policies, </span><span class="pp-class-382 pa t45805 l55019 ls1736">targets, </span><span class="pp-class-382 pa t45805 l55020 ls650">and </span><span class="pp-class-382 pa t45805 l55021 ls31888">strategies </span><span class="pp-class-382 pa t45805 l55022 ls3184">for </span><span class="pp-class-382 pa t45805 l55023 ls650">the </span><span class="pp-class-382 pa t45805 l44351 ls3184">financial </span><span class="pp-class-382 pa t45805 l55024 ls1150">risk </span><span class="pp-class-382 pa t45963 l3 ls1722">management </span><span class="pp-class-382 pa t45963 l55025 ls2531">of </span><span class="pp-class-382 pa t45963 l55026 ls3230">DFDS. </span><span class="pp-class-382 pa t45963 l55027 ls15037">Derivatives </span><span class="pp-class-382 pa t45963 l55028 ls3446">are </span><span class="pp-class-382 pa t45963 l55029 ls2760">in </span><span class="pp-class-382 pa t45963 l28634 ls2147">place </span><span class="pp-class-382 pa t45963 l55030 ls650">to </span><span class="pp-class-382 pa t45963 l55031 ls3184">minimise </span><span class="pp-class-382 pa t45963 l55032 ls2949">potential </span><span class="pp-class-382 pa t45963 l53645 ls3036">adverse </span><span class="pp-class-382 pa t45963 l55033 ls14041">effects </span><span class="pp-class-382 pa t45963 l55034 ls2760">on </span><span class="pp-class-382 pa t45963 l55035 ls650">the </span><span class="pp-class-382 pa t45963 l55036 ls43602">Group’s </span><span class="pp-class-382 pa t45963 l55037 ls2955">financial </span><span class="pp-class-382 pa t45817 l3 ls2805">performance. </span><span class="pp-class-382 pa t45817 l55038 ls2955">DFDS </span><span class="pp-class-382 pa t45817 l55039 ls4805">only </span><span class="pp-class-382 pa t45817 l34246 ls2955">uses </span><span class="pp-class-382 pa t45817 l43114 ls15037">derivatives </span><span class="pp-class-382 pa t45817 l55040 ls3184">for </span><span class="pp-class-382 pa t45817 l10110 ls19370">hedging </span><span class="pp-class-382 pa t45817 l55041 ls8012">against </span><span class="pp-class-382 pa t45817 l55042 ls14357">commercial </span><span class="pp-class-382 pa t45817 l55043 ls18761">exposures, </span><span class="pp-class-382 pa t45817 l55044 ls2848">not </span><span class="pp-class-382 pa t45817 l55045 ls3184">for </span><span class="pp-class-382 pa t45817 l55046 ls14385">speculative </span><span class="pp-class-382 pa t45817 l55047 ls7611">trading. </span><span class="pp-class-382 pa t45975 l3 ls650">The </span><span class="pp-class-382 pa t45975 l45626 ls2955">most </span><span class="pp-class-382 pa t45975 l4366 ls195">important </span><span class="pp-class-382 pa t45975 l16165 ls3184">financial </span><span class="pp-class-382 pa t45975 l34345 ls2955">risk </span><span class="pp-class-382 pa t45975 l55048 ls47104">factors </span><span class="pp-class-382 pa t45975 l19952 ls3446">are </span><span class="pp-class-382 pa t45975 l7869 ls2760">1) </span><span class="pp-class-382 pa t45975 l55049 ls8446">bunker </span><span class="pp-class-382 pa t45975 l55050 ls3230">price </span><span class="pp-class-382 pa t45975 l55051 ls3230">risk, </span><span class="pp-class-382 pa t45975 l55052 ls2760">2) </span><span class="pp-class-382 pa t45975 l55053 ls1739">interest </span><span class="pp-class-382 pa t45975 l45329 ls7212">rate </span><span class="pp-class-382 pa t45975 l55054 ls3230">risk, </span><span class="pp-class-382 pa t45975 l55055 ls2760">3) </span><span class="pp-class-382 pa t45975 l55056 ls14077">currency </span><span class="pp-class-382 pa t45975 l55057 ls41173">exchange </span><span class="pp-class-382 pa t45975 l55058 ls2760">risk, </span><span class="pp-class-382 pa t45987 l3 ls2760">4) </span><span class="pp-class-382 pa t45987 l55059 ls3241">liquidity </span><span class="pp-class-382 pa t45987 l3047 ls14041">risks </span><span class="pp-class-382 pa t45987 l55060 ls650">and </span><span class="pp-class-382 pa t45987 l55061 ls2760">5) </span><span class="pp-class-382 pa t45987 l55062 ls4343">credit </span><span class="pp-class-382 pa t45987 l55063 ls798">exposure.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t46012 l3 ls7855">Bunker </span><span class="pp-class-383 pa t46012 l55064 ls1759">price </span><span class="pp-class-383 pa t46012 l31695 ls858">risk</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46023 l3 ls858">The </span><span class="pp-class-382 pa t46023 l16631 ls5069">fluctuations </span><span class="pp-class-382 pa t46023 l55065 ls1080">in </span><span class="pp-class-382 pa t46023 l55066 ls1099">the </span><span class="pp-class-382 pa t46023 l55067 ls5069">bunker </span><span class="pp-class-382 pa t46023 l55068 ls1759">price </span><span class="pp-class-382 pa t46023 l55069 ls1759">which </span><span class="pp-class-382 pa t46023 l55070 ls1080">is </span><span class="pp-class-382 pa t46023 l55071 ls728">denominated </span><span class="pp-class-382 pa t46023 l55072 ls1080">in </span><span class="pp-class-382 pa t46023 l55073 ls1099">USD </span><span class="pp-class-382 pa t46023 l55074 ls238">constitute </span><span class="pp-class-382 pa t46023 l55075 ls302">a </span><span class="pp-class-382 pa t46023 l55076 ls806">significant </span><span class="pp-class-382 pa t46023 l55077 ls1323">risk </span><span class="pp-class-382 pa t46023 l55078 ls3278">for </span><span class="pp-class-382 pa t46023 l55079 ls1323">DFDS.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55080 l3 ls1080">In </span><span class="pp-class-382 pa t55080 l43891 ls858">the </span><span class="pp-class-382 pa t55080 l43987 ls852">freight </span><span class="pp-class-382 pa t55080 l55081 ls1099">industry </span><span class="pp-class-382 pa t55080 l55082 ls1080">it </span><span class="pp-class-382 pa t55080 l55083 ls1080">is </span><span class="pp-class-382 pa t55080 l55084 ls1759">customary </span><span class="pp-class-382 pa t55080 l17415 ls1759">to </span><span class="pp-class-382 pa t55080 l55085 ls1323">pass </span><span class="pp-class-382 pa t55080 l55086 ls1150">through </span><span class="pp-class-382 pa t55080 l55087 ls1099">the </span><span class="pp-class-382 pa t55080 l55088 ls1323">risk </span><span class="pp-class-382 pa t55080 l55089 ls103">of </span><span class="pp-class-382 pa t55080 l55090 ls5069">fluctuations </span><span class="pp-class-382 pa t55080 l55091 ls1080">in </span><span class="pp-class-382 pa t55080 l55092 ls858">the </span><span class="pp-class-382 pa t55080 l55093 ls5069">bunker </span><span class="pp-class-382 pa t55080 l55094 ls1759">price </span><span class="pp-class-382 pa t55080 l55095 ls1099">and </span><span class="pp-class-382 pa t55080 l55096 ls302">the </span><span class="pp-class-382 pa t46035 l3 ls2889">corresponding </span><span class="pp-class-382 pa t46035 l38017 ls3377">currency </span><span class="pp-class-382 pa t46035 l45276 ls3435">exchange </span><span class="pp-class-382 pa t46035 l55097 ls3216">rate </span><span class="pp-class-382 pa t46035 l55098 ls1323">risk </span><span class="pp-class-382 pa t46035 l55099 ls1759">to </span><span class="pp-class-382 pa t46035 l55100 ls852">freight </span><span class="pp-class-382 pa t46035 l55101 ls296">customers </span><span class="pp-class-382 pa t46035 l55102 ls858">via </span><span class="pp-class-382 pa t46035 l55103 ls302">a </span><span class="pp-class-382 pa t46035 l55104 ls5069">bunker </span><span class="pp-class-382 pa t46035 l55105 ls53">adjustment </span><span class="pp-class-382 pa t46035 l55106 ls2760">factor </span><span class="pp-class-382 pa t46035 l55107 ls1772">(BAF). </span><span class="pp-class-382 pa t46035 l55108 ls1080">In </span><span class="pp-class-382 pa t46035 l55109 ls302">the </span><span class="pp-class-382 pa t46049 l3 ls1073">passenger </span><span class="pp-class-382 pa t46049 l52329 ls2401">industry, </span><span class="pp-class-382 pa t46049 l29879 ls5069">fluctuations </span><span class="pp-class-382 pa t46049 l55110 ls1080">in </span><span class="pp-class-382 pa t46049 l50022 ls1099">the </span><span class="pp-class-382 pa t46049 l55111 ls1323">cost </span><span class="pp-class-382 pa t46049 l55112 ls103">of </span><span class="pp-class-382 pa t46049 l55113 ls5069">bunker </span><span class="pp-class-382 pa t46049 l55114 ls800">are </span><span class="pp-class-382 pa t46049 l55115 ls1243">reflected </span><span class="pp-class-382 pa t46049 l55116 ls1080">in </span><span class="pp-class-382 pa t46049 l55117 ls858">the </span><span class="pp-class-382 pa t46049 l50685 ls3623">ticket </span><span class="pp-class-382 pa t46049 l55118 ls1759">price </span><span class="pp-class-382 pa t46049 l55119 ls1759">to </span><span class="pp-class-382 pa t46049 l55120 ls858">the </span><span class="pp-class-382 pa t46049 l55121 ls2688">extent </span><span class="pp-class-382 pa t46049 l55122 ls1818">possible.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55123 l3 ls55124">To </span><span class="pp-class-382 pa t55123 l55125 ls1083">reduce </span><span class="pp-class-382 pa t55123 l55126 ls3435">exposure </span><span class="pp-class-382 pa t55123 l55127 ls1759">to </span><span class="pp-class-382 pa t55123 l55128 ls5069">bunker </span><span class="pp-class-382 pa t55123 l55129 ls858">and </span><span class="pp-class-382 pa t55123 l44705 ls3377">currency </span><span class="pp-class-382 pa t55123 l55130 ls1759">risk, </span><span class="pp-class-382 pa t55123 l55131 ls1742">approximately </span><span class="pp-class-382 pa t55123 l55132 ls1099">94% </span><span class="pp-class-382 pa t55123 l55133 ls1323">(93% </span><span class="pp-class-382 pa t55123 l55134 ls1080">in </span><span class="pp-class-382 pa t55123 l55135 ls1759">2023) </span><span class="pp-class-382 pa t55123 l20471 ls103">of </span><span class="pp-class-382 pa t55123 l55136 ls1759">DFDS’ </span><span class="pp-class-382 pa t55123 l55137 ls4275">consumption </span><span class="pp-class-382 pa t55123 l55138 ls296">was </span><span class="pp-class-382 pa t46064 l3 ls2143">covered </span><span class="pp-class-382 pa t46064 l55139 ls2784">by </span><span class="pp-class-382 pa t46064 l34120 ls1772">BAF </span><span class="pp-class-382 pa t46064 l55140 ls960">agreements. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55141 l3 ls1080">As </span><span class="pp-class-382 pa t55141 l50750 ls858">the </span><span class="pp-class-382 pa t55141 l55142 ls1772">BAF </span><span class="pp-class-382 pa t55141 l47596 ls1080">is </span><span class="pp-class-382 pa t55141 l55143 ls1759">based </span><span class="pp-class-382 pa t55141 l31671 ls1080">on </span><span class="pp-class-382 pa t55141 l55144 ls1150">low </span><span class="pp-class-382 pa t55141 l54782 ls1237">sulphur </span><span class="pp-class-382 pa t55141 l55145 ls1323">fuel </span><span class="pp-class-382 pa t55141 l55146 ls2486">prices </span><span class="pp-class-382 pa t55141 l55147 ls1759">while </span><span class="pp-class-382 pa t55141 l55148 ls1323">some </span><span class="pp-class-382 pa t55141 l55149 ls2489">ferries </span><span class="pp-class-382 pa t55141 l55150 ls185">have </span><span class="pp-class-382 pa t55141 l55151 ls1073">scrubbers </span><span class="pp-class-382 pa t55141 l55152 ls238">installed, </span><span class="pp-class-382 pa t55141 l55153 ls858">and </span><span class="pp-class-382 pa t55141 l55154 ls1323">thus </span><span class="pp-class-382 pa t55141 l55155 ls858">use </span><span class="pp-class-382 pa t55141 l55156 ls1955">high </span><span class="pp-class-382 pa t46088 l3 ls1237">sulphur </span><span class="pp-class-382 pa t46088 l29825 ls2486">fuels, </span><span class="pp-class-382 pa t46088 l18177 ls858">the </span><span class="pp-class-382 pa t46088 l51604 ls2784">Group </span><span class="pp-class-382 pa t46088 l50899 ls1080">is </span><span class="pp-class-382 pa t46088 l15059 ls3474">subject </span><span class="pp-class-382 pa t46088 l55157 ls1759">to </span><span class="pp-class-382 pa t46088 l55158 ls302">a </span><span class="pp-class-382 pa t46088 l55159 ls2531">spread </span><span class="pp-class-382 pa t46088 l55160 ls1323">risk </span><span class="pp-class-382 pa t46088 l55161 ls1244">between </span><span class="pp-class-382 pa t46088 l55162 ls1759">these </span><span class="pp-class-382 pa t46088 l54572 ls1323">fuel </span><span class="pp-class-382 pa t46088 l55163 ls1759">types.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55164 l3 ls858">The </span><span class="pp-class-382 pa t55164 l16631 ls1323">risk </span><span class="pp-class-382 pa t55164 l18679 ls1080">in </span><span class="pp-class-382 pa t55164 l55165 ls2531">relation </span><span class="pp-class-382 pa t55164 l46631 ls1759">to </span><span class="pp-class-382 pa t55164 l55166 ls858">the </span><span class="pp-class-382 pa t55164 l2424 ls2531">spread </span><span class="pp-class-382 pa t55164 l55167 ls1244">between </span><span class="pp-class-382 pa t55164 l55168 ls1323">high </span><span class="pp-class-382 pa t55164 l55169 ls1237">sulphur </span><span class="pp-class-382 pa t55164 l55170 ls1099">and </span><span class="pp-class-382 pa t55164 l55171 ls1150">low </span><span class="pp-class-382 pa t55164 l55172 ls1237">sulphur </span><span class="pp-class-382 pa t55164 l55173 ls1323">fuel </span><span class="pp-class-382 pa t55164 l55174 ls1080">is </span><span class="pp-class-382 pa t55164 l55175 ls2854">partly </span><span class="pp-class-382 pa t55164 l55176 ls2486">hedged </span><span class="pp-class-382 pa t55164 l55177 ls1759">using </span><span class="pp-class-382 pa t55164 l55178 ls1323">commodity </span><span class="pp-class-382 pa t46106 l3 ls2760">swaps. </span><span class="pp-class-382 pa t46106 l55179 ls1080">In </span><span class="pp-class-382 pa t46106 l36855 ls852">accordance </span><span class="pp-class-382 pa t46106 l55180 ls1323">with </span><span class="pp-class-382 pa t46106 l55181 ls858">the </span><span class="pp-class-382 pa t46106 l52150 ls1323">DFDS </span><span class="pp-class-382 pa t46106 l55182 ls1073">Financial </span><span class="pp-class-382 pa t46106 l55183 ls3036">Policy, </span><span class="pp-class-382 pa t46106 l55184 ls858">the </span><span class="pp-class-382 pa t46106 l55185 ls830">net </span><span class="pp-class-382 pa t46106 l55186 ls5069">bunker </span><span class="pp-class-382 pa t46106 l55187 ls3435">exposure </span><span class="pp-class-382 pa t46106 l55188 ls858">can </span><span class="pp-class-382 pa t46106 l55189 ls1080">be </span><span class="pp-class-382 pa t46106 l55190 ls2486">hedged </span><span class="pp-class-382 pa t46106 l55191 ls1080">up </span><span class="pp-class-382 pa t46106 l55192 ls1759">to </span><span class="pp-class-382 pa t46106 l55193 ls1772">100% </span><span class="pp-class-382 pa t46106 l55194 ls99">for </span><span class="pp-class-382 pa t46121 l3 ls858">the </span><span class="pp-class-382 pa t46121 l43824 ls4299">following </span><span class="pp-class-382 pa t46121 l23641 ls3278">four </span><span class="pp-class-382 pa t46121 l42577 ls866">quarters, </span><span class="pp-class-382 pa t46121 l6295 ls858">and </span><span class="pp-class-382 pa t46121 l55195 ls1080">up </span><span class="pp-class-382 pa t46121 l52917 ls1759">to </span><span class="pp-class-382 pa t46121 l17685 ls858">50% </span><span class="pp-class-382 pa t46121 l55196 ls3278">for </span><span class="pp-class-382 pa t46121 l55197 ls1099">the </span><span class="pp-class-382 pa t46121 l55198 ls869">fifth </span><span class="pp-class-382 pa t46121 l55199 ls858">and </span><span class="pp-class-382 pa t46121 l55200 ls1759">sixth </span><span class="pp-class-382 pa t46121 l55201 ls1323">quarters </span><span class="pp-class-382 pa t46121 l55202 ls1772">ahead.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t46146 l3 ls5039">Interest </span><span class="pp-class-383 pa t46146 l55203 ls715">rate </span><span class="pp-class-383 pa t46146 l51314 ls858">risk</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55204 l3 ls16">DFDS </span><span class="pp-class-382 pa t55204 l55205 ls278">is </span><span class="pp-class-382 pa t55204 l55206 ls1323">primarily </span><span class="pp-class-382 pa t55204 l31680 ls56">exposed </span><span class="pp-class-382 pa t55204 l55207 ls302">to </span><span class="pp-class-382 pa t55204 l17469 ls866">interest </span><span class="pp-class-382 pa t55204 l55208 ls7694">rate </span><span class="pp-class-382 pa t55204 l55209 ls16">risk </span><span class="pp-class-382 pa t55204 l55210 ls56">through </span><span class="pp-class-382 pa t55204 l55211 ls124">funding. </span><span class="pp-class-382 pa t55204 l55212 ls1077">According </span><span class="pp-class-382 pa t55204 l55213 ls302">to </span><span class="pp-class-382 pa t55204 l55214 ls39">DFDS’ </span><span class="pp-class-382 pa t55204 l55215 ls124">Financial </span><span class="pp-class-382 pa t55204 l55216 ls2486">Policy </span><span class="pp-class-382 pa t55204 l44084 ls332">the </span><span class="pp-class-382 pa t46150 l3 ls866">interest </span><span class="pp-class-382 pa t46150 l55217 ls7694">rate </span><span class="pp-class-382 pa t46150 l55218 ls278">on </span><span class="pp-class-382 pa t46150 l55219 ls830">more </span><span class="pp-class-382 pa t46150 l55220 ls16">than </span><span class="pp-class-382 pa t46150 l55221 ls884">40% </span><span class="pp-class-382 pa t46150 l44380 ls134">of </span><span class="pp-class-382 pa t46150 l55222 ls884">the </span><span class="pp-class-382 pa t46150 l55223 ls16">loan </span><span class="pp-class-382 pa t46150 l49083 ls230">portfolio </span><span class="pp-class-382 pa t46150 l55224 ls882">including </span><span class="pp-class-382 pa t46150 l55225 ls124">long-term </span><span class="pp-class-382 pa t46150 l55226 ls81">charter </span><span class="pp-class-382 pa t46150 l55227 ls1224">agreements </span><span class="pp-class-382 pa t46150 l55228 ls16">must </span><span class="pp-class-382 pa t46150 l55229 ls278">be </span><span class="pp-class-382 pa t46150 l55230 ls1257">fixed </span><span class="pp-class-382 pa t46166 l3 ls16">with </span><span class="pp-class-382 pa t46166 l48190 ls332">a </span><span class="pp-class-382 pa t46166 l55231 ls1309">weighted </span><span class="pp-class-382 pa t46166 l55232 ls3377">average </span><span class="pp-class-382 pa t46166 l55233 ls830">duration </span><span class="pp-class-382 pa t46166 l53151 ls134">of </span><span class="pp-class-382 pa t46166 l55234 ls78">9-36 </span><span class="pp-class-382 pa t46166 l55235 ls68">months. </span><span class="pp-class-382 pa t46166 l55236 ls16">DFDS </span><span class="pp-class-382 pa t46166 l55237 ls274">enters </span><span class="pp-class-382 pa t46166 l55238 ls88">into </span><span class="pp-class-382 pa t46166 l55239 ls866">interest </span><span class="pp-class-382 pa t46166 l55240 ls7694">rate </span><span class="pp-class-382 pa t46166 l55241 ls1271">swaps </span><span class="pp-class-382 pa t46166 l55242 ls884">and </span><span class="pp-class-382 pa t46166 l55243 ls16">caps </span><span class="pp-class-382 pa t46166 l55244 ls302">to </span><span class="pp-class-382 pa t46166 l55245 ls2486">comply </span><span class="pp-class-382 pa t46179 l3 ls16">with </span><span class="pp-class-382 pa t46179 l48190 ls16">this </span><span class="pp-class-382 pa t46179 l55246 ls7096">policy. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55247 l3 ls858">The </span><span class="pp-class-382 pa t55247 l16631 ls2889">total </span><span class="pp-class-382 pa t55247 l53387 ls830">net </span><span class="pp-class-382 pa t55247 l55248 ls2784">interest-bearing </span><span class="pp-class-382 pa t55247 l36858 ls806">debt </span><span class="pp-class-382 pa t55247 l55249 ls658">(including </span><span class="pp-class-382 pa t55247 l16521 ls3278">fair </span><span class="pp-class-382 pa t55247 l13680 ls1150">values </span><span class="pp-class-382 pa t55247 l55250 ls103">of </span><span class="pp-class-382 pa t55247 l41637 ls4279">derivative </span><span class="pp-class-382 pa t55247 l55251 ls1073">financial </span><span class="pp-class-382 pa t55247 l55252 ls806">instruments </span><span class="pp-class-382 pa t55247 l55253 ls3458">related </span><span class="pp-class-382 pa t55247 l55254 ls1759">to </span><span class="pp-class-382 pa t55247 l55255 ls4652">interest-</span><span class="pp-class-382 pa t55256 l3 ls1237">bearing </span><span class="pp-class-382 pa t55256 l52371 ls2142">activities) </span><span class="pp-class-382 pa t55256 l55257 ls1118">amounts </span><span class="pp-class-382 pa t55256 l55258 ls1759">to </span><span class="pp-class-382 pa t55256 l55259 ls858">DKK </span><span class="pp-class-382 pa t55256 l55260 ls12450">17,204m </span><span class="pp-class-382 pa t55256 l55261 ls1083">at </span><span class="pp-class-382 pa t55256 l55262 ls960">year </span><span class="pp-class-382 pa t55256 l55263 ls858">end </span><span class="pp-class-382 pa t55256 l55264 ls1150">2024 </span><span class="pp-class-382 pa t55256 l55265 ls2486">(2023: </span><span class="pp-class-382 pa t55256 l55266 ls1099">DKK </span><span class="pp-class-382 pa t55256 l55267 ls11245">14,449m). </span><span class="pp-class-382 pa t55256 l55268 ls858">The </span><span class="pp-class-382 pa t55256 l53695 ls1015">Group’s </span><span class="pp-class-382 pa t55256 l55269 ls2889">total </span><span class="pp-class-382 pa t55256 l55270 ls4652">interest-</span><span class="pp-class-382 pa t55271 l3 ls1237">bearing </span><span class="pp-class-382 pa t55271 l52371 ls806">debt </span><span class="pp-class-382 pa t55271 l3638 ls1974">primarily </span><span class="pp-class-382 pa t55271 l23627 ls2694">consists </span><span class="pp-class-382 pa t55271 l55272 ls103">of </span><span class="pp-class-382 pa t55271 l17513 ls2854">partly </span><span class="pp-class-382 pa t55271 l55273 ls1150">secured </span><span class="pp-class-382 pa t55271 l55274 ls1083">credit </span><span class="pp-class-382 pa t55271 l55275 ls2088">facilities, </span><span class="pp-class-382 pa t55271 l55276 ls960">unsecured </span><span class="pp-class-382 pa t55271 l55277 ls3377">corporate </span><span class="pp-class-382 pa t55271 l55278 ls1759">bonds </span><span class="pp-class-382 pa t55271 l55279 ls858">and </span><span class="pp-class-382 pa t55271 l55280 ls866">mortgages </span><span class="pp-class-382 pa t55281 l3 ls1323">with </span><span class="pp-class-382 pa t55281 l10466 ls2694">security </span><span class="pp-class-382 pa t55281 l55282 ls1080">in </span><span class="pp-class-382 pa t55281 l55283 ls2489">ferries </span><span class="pp-class-382 pa t55281 l55284 ls858">and </span><span class="pp-class-382 pa t55281 l55285 ls296">other </span><span class="pp-class-382 pa t55281 l55286 ls2486">ships. </span><span class="pp-class-382 pa t55281 l55287 ls858">The </span><span class="pp-class-382 pa t55281 l43518 ls806">debt </span><span class="pp-class-382 pa t55281 l55288 ls53">portfolio </span><span class="pp-class-382 pa t55281 l55289 ls1772">had </span><span class="pp-class-382 pa t55281 l55290 ls1080">an </span><span class="pp-class-382 pa t55281 l55291 ls2796">average </span><span class="pp-class-382 pa t55281 l55292 ls1323">time </span><span class="pp-class-382 pa t55281 l55293 ls1759">to </span><span class="pp-class-382 pa t55281 l55294 ls1101">maturity </span><span class="pp-class-382 pa t55281 l55295 ls103">of </span><span class="pp-class-382 pa t55281 l55296 ls14019">3.4 </span><span class="pp-class-382 pa t55281 l55297 ls2142">years </span><span class="pp-class-382 pa t55281 l55298 ls1110">(2023: </span><span class="pp-class-382 pa t55299 l3 ls8012">4.0 </span><span class="pp-class-382 pa t55299 l55300 ls3477">years). </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55301 l3 ls1080">In </span><span class="pp-class-382 pa t55301 l43891 ls852">accordance </span><span class="pp-class-382 pa t55301 l55302 ls1323">with </span><span class="pp-class-382 pa t55301 l44567 ls858">the </span><span class="pp-class-382 pa t55301 l55303 ls1073">Financial </span><span class="pp-class-382 pa t55301 l55304 ls3036">Policy, </span><span class="pp-class-382 pa t55301 l55305 ls2784">interest </span><span class="pp-class-382 pa t55301 l55306 ls3216">rate </span><span class="pp-class-382 pa t55301 l20546 ls7855">swaps </span><span class="pp-class-382 pa t55301 l55307 ls1099">and </span><span class="pp-class-382 pa t55301 l20815 ls1323">caps </span><span class="pp-class-382 pa t55301 l55308 ls1323">with </span><span class="pp-class-382 pa t55301 l55309 ls302">a </span><span class="pp-class-382 pa t55301 l55310 ls1073">principal </span><span class="pp-class-382 pa t55301 l55311 ls1073">amount </span><span class="pp-class-382 pa t55301 l55312 ls103">of </span><span class="pp-class-382 pa t55301 l55313 ls1099">DKK </span><span class="pp-class-382 pa t55301 l55314 ls6498">4,817m </span><span class="pp-class-382 pa t55315 l3 ls2486">(2023: </span><span class="pp-class-382 pa t55315 l50782 ls1099">DKK </span><span class="pp-class-382 pa t55315 l4225 ls1237">4,222m) </span><span class="pp-class-382 pa t55315 l52530 ls185">have </span><span class="pp-class-382 pa t55315 l11714 ls1323">been </span><span class="pp-class-382 pa t55315 l55316 ls3474">established </span><span class="pp-class-382 pa t55315 l55317 ls1759">to </span><span class="pp-class-382 pa t55315 l55318 ls1083">reduce </span><span class="pp-class-382 pa t55315 l55319 ls2784">interest </span><span class="pp-class-382 pa t55315 l55320 ls3216">rate </span><span class="pp-class-382 pa t55315 l55321 ls1759">risk. </span><span class="pp-class-382 pa t55315 l55322 ls858">The </span><span class="pp-class-382 pa t55315 l55323 ls2784">share </span><span class="pp-class-382 pa t55315 l55324 ls103">of </span><span class="pp-class-382 pa t55315 l55325 ls3630">fixed-rate </span><span class="pp-class-382 pa t55315 l55326 ls806">debt </span><span class="pp-class-382 pa t55315 l55327 ls276">including </span><span class="pp-class-382 pa t55328 l3 ls2784">interest </span><span class="pp-class-382 pa t55328 l52315 ls3216">rate </span><span class="pp-class-382 pa t55328 l30799 ls7694">derivatives </span><span class="pp-class-382 pa t55328 l18592 ls1150">was </span><span class="pp-class-382 pa t55328 l55329 ls858">42% </span><span class="pp-class-382 pa t55328 l29168 ls1083">at </span><span class="pp-class-382 pa t55328 l55330 ls2760">year-end </span><span class="pp-class-382 pa t55328 l55331 ls1150">2024 </span><span class="pp-class-382 pa t55328 l55332 ls2486">(2023: </span><span class="pp-class-382 pa t55328 l55333 ls1759">48%). </span><span class="pp-class-382 pa t55328 l55334 ls3474">Including </span><span class="pp-class-382 pa t55328 l55335 ls1323">long </span><span class="pp-class-382 pa t55328 l55336 ls1073">term </span><span class="pp-class-382 pa t55328 l55337 ls99">charter </span><span class="pp-class-382 pa t55328 l55338 ls852">agreements, </span><span class="pp-class-382 pa t55328 l55339 ls302">the </span><span class="pp-class-382 pa t55340 l3 ls2784">share </span><span class="pp-class-382 pa t55340 l55341 ls103">of </span><span class="pp-class-382 pa t55340 l55342 ls3630">fixed-rate </span><span class="pp-class-382 pa t55340 l55343 ls806">debt </span><span class="pp-class-382 pa t55340 l55344 ls1080">is </span><span class="pp-class-382 pa t55340 l55345 ls23129">47% </span><span class="pp-class-382 pa t55340 l27058 ls2486">(2023: </span><span class="pp-class-382 pa t55340 l3832 ls1759">56%). </span><span class="pp-class-382 pa t55340 l55346 ls858">The </span><span class="pp-class-382 pa t55340 l29691 ls2531">duration </span><span class="pp-class-382 pa t55340 l55347 ls103">of </span><span class="pp-class-382 pa t55340 l55348 ls1099">the </span><span class="pp-class-382 pa t55340 l55349 ls1015">Group’s </span><span class="pp-class-382 pa t55340 l55350 ls806">debt </span><span class="pp-class-382 pa t55340 l55351 ls53">portfolio </span><span class="pp-class-382 pa t55340 l37973 ls658">(including </span><span class="pp-class-382 pa t55340 l55352 ls5558">charter </span><span class="pp-class-382 pa t55353 l3 ls1818">liabilities) </span><span class="pp-class-382 pa t55353 l55354 ls1150">was </span><span class="pp-class-382 pa t55353 l55355 ls7096">1.3 </span><span class="pp-class-382 pa t55353 l55356 ls2142">years </span><span class="pp-class-382 pa t55353 l55357 ls2486">(2023: </span><span class="pp-class-382 pa t55353 l55358 ls55359">1.7 </span><span class="pp-class-382 pa t55353 l55360 ls1974">years).</span></p></div></div><div id="pp-id-5234" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3">An </span><span class="pp-class-382 pa t328 l55361 ls1259">increase </span><span class="pp-class-382 pa t328 l55362">in </span><span class="pp-class-382 pa t328 l34270">the </span><span class="pp-class-382 pa t328 l55363 ls884">interest </span><span class="pp-class-382 pa t328 l55364 ls3474">rate </span><span class="pp-class-382 pa t328 l55365 ls287">of </span><span class="pp-class-382 pa t328 l55366 ls287">1%-point </span><span class="pp-class-382 pa t328 l55367 ls1259">compared </span><span class="pp-class-382 pa t328 l55368 ls166">to </span><span class="pp-class-382 pa t328 l55369">the </span><span class="pp-class-382 pa t328 l55370 ls332">actual </span><span class="pp-class-382 pa t328 l55371 ls884">interest </span><span class="pp-class-382 pa t328 l20883 ls1323">rates </span><span class="pp-class-382 pa t328 l55372 ls12">in </span><span class="pp-class-382 pa t328 l55373 ls16">2024 </span><span class="pp-class-382 pa t328 l55374 ls78">would </span><span class="pp-class-382 pa t328 l55375 ls99">have </span><span class="pp-class-382 pa t30568 l3 ls241">increased </span><span class="pp-class-382 pa t30568 l55376 ls150">net </span><span class="pp-class-382 pa t30568 l29358 ls884">interest </span><span class="pp-class-382 pa t30568 l55377 ls254">payments </span><span class="pp-class-382 pa t30568 l55378 ls96">including </span><span class="pp-class-382 pa t30568 l50828">hedging </span><span class="pp-class-382 pa t30568 l55379 ls1955">by </span><span class="pp-class-382 pa t30568 l55380">DKK </span><span class="pp-class-382 pa t30568 l55381">59m </span><span class="pp-class-382 pa t30568 l55382 ls43">for </span><span class="pp-class-382 pa t30568 l55383">the </span><span class="pp-class-382 pa t30568 l55384 ls110">Group </span><span class="pp-class-382 pa t30568 l55385">all </span><span class="pp-class-382 pa t30568 l55386 ls12">else </span><span class="pp-class-382 pa t30568 l55387 ls12">equal </span><span class="pp-class-382 pa t30568 l55388 ls12">(2023: </span><span class="pp-class-382 pa t30568 l55389">DKK </span><span class="pp-class-382 pa t30575 l3">67m). </span><span class="pp-class-382 pa t30575 l55390">A </span><span class="pp-class-382 pa t30575 l19346 ls1259">decrease </span><span class="pp-class-382 pa t30575 l55391">in </span><span class="pp-class-382 pa t30575 l17351">the </span><span class="pp-class-382 pa t30575 l55392 ls884">interest </span><span class="pp-class-382 pa t30575 l17175 ls1323">rates </span><span class="pp-class-382 pa t30575 l43180 ls287">of </span><span class="pp-class-382 pa t30575 l55393 ls287">1%-point </span><span class="pp-class-382 pa t30575 l15931 ls78">would </span><span class="pp-class-382 pa t30575 l55394 ls99">have </span><span class="pp-class-382 pa t30575 l55395 ls671">reduced </span><span class="pp-class-382 pa t30575 l55396">the </span><span class="pp-class-382 pa t30575 l55397 ls150">net </span><span class="pp-class-382 pa t30575 l47013 ls884">interest </span><span class="pp-class-382 pa t30575 l55398 ls78">payment </span><span class="pp-class-382 pa t30575 l55399 ls1955">by </span><span class="pp-class-382 pa t30575 l46134">DKK </span><span class="pp-class-382 pa t30575 l55400 ls12">59m </span><span class="pp-class-382 pa t30583 l3">in </span><span class="pp-class-382 pa t30583 l16328 ls16">2024 </span><span class="pp-class-382 pa t30583 l55401">(2023: </span><span class="pp-class-382 pa t30583 l55402">DKK </span><span class="pp-class-382 pa t30583 l17221">67m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30593 l3 ls1080">An </span><span class="pp-class-382 pa t30593 l55403 ls8853">increase </span><span class="pp-class-382 pa t30593 l55404 ls1080">in </span><span class="pp-class-382 pa t30593 l55405 ls858">the </span><span class="pp-class-382 pa t30593 l55406 ls2784">interest </span><span class="pp-class-382 pa t30593 l55407 ls3216">rate </span><span class="pp-class-382 pa t30593 l55408 ls103">of </span><span class="pp-class-382 pa t30593 l55409 ls1224">1%-point </span><span class="pp-class-382 pa t30593 l55410 ls8853">compared </span><span class="pp-class-382 pa t30593 l55411 ls1759">to </span><span class="pp-class-382 pa t30593 l55412 ls858">the </span><span class="pp-class-382 pa t30593 l45137 ls728">actual </span><span class="pp-class-382 pa t30593 l55413 ls2784">interest </span><span class="pp-class-382 pa t30593 l55414 ls3216">rate </span><span class="pp-class-382 pa t30593 l55415 ls1083">at </span><span class="pp-class-382 pa t30593 l55416 ls1237">balance </span><span class="pp-class-382 pa t30593 l55417 ls296">sheet </span><span class="pp-class-382 pa t30593 l55418 ls852">date </span><span class="pp-class-382 pa t30593 l55419 ls1271">would </span><span class="pp-class-382 pa t30606 l3 ls185">have </span><span class="pp-class-382 pa t30606 l43692 ls1772">had </span><span class="pp-class-382 pa t30606 l55420 ls302">a </span><span class="pp-class-382 pa t30606 l53210 ls2088">positive </span><span class="pp-class-382 pa t30606 l26865 ls2142">effect </span><span class="pp-class-382 pa t30606 l55421 ls1080">on </span><span class="pp-class-382 pa t30606 l44423 ls858">the </span><span class="pp-class-382 pa t30606 l55422 ls1015">Group’s </span><span class="pp-class-382 pa t30606 l40187 ls2486">equity </span><span class="pp-class-382 pa t30606 l52569 ls2944">reserve </span><span class="pp-class-382 pa t30606 l55423 ls3278">for </span><span class="pp-class-382 pa t30606 l55424 ls1237">hedging </span><span class="pp-class-382 pa t30606 l55425 ls103">of </span><span class="pp-class-382 pa t30606 l55426 ls1099">DKK </span><span class="pp-class-382 pa t30606 l55427 ls858">90m </span><span class="pp-class-382 pa t30606 l55428 ls1099">all </span><span class="pp-class-382 pa t30606 l55429 ls1323">else </span><span class="pp-class-382 pa t30606 l55430 ls1759">equal </span><span class="pp-class-382 pa t30606 l55431 ls2486">(2023: </span><span class="pp-class-382 pa t30606 l55432 ls302">DKK </span><span class="pp-class-382 pa t30615 l3 ls2486">130m). </span><span class="pp-class-382 pa t30615 l55433 ls302">A </span><span class="pp-class-382 pa t30615 l45818 ls8853">decrease </span><span class="pp-class-382 pa t30615 l54934 ls2142">would </span><span class="pp-class-382 pa t30615 l55434 ls185">have </span><span class="pp-class-382 pa t30615 l19153 ls1772">had </span><span class="pp-class-382 pa t30615 l55435 ls302">a </span><span class="pp-class-382 pa t30615 l55436 ls2944">negative </span><span class="pp-class-382 pa t30615 l55437 ls2142">effect </span><span class="pp-class-382 pa t30615 l55438 ls103">of </span><span class="pp-class-382 pa t30615 l52490 ls1099">DKK </span><span class="pp-class-382 pa t30615 l55439 ls858">93m </span><span class="pp-class-382 pa t30615 l55440 ls2486">(2023: </span><span class="pp-class-382 pa t30615 l55441 ls858">DKK </span><span class="pp-class-382 pa t30615 l37290 ls1759">134m).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30628 l3 ls4305">Currency </span><span class="pp-class-383 pa t30628 l55442 ls2143">exchange </span><span class="pp-class-383 pa t30628 l55443 ls858">risk</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30634 l3 ls3377">Currency </span><span class="pp-class-382 pa t30634 l44431 ls3435">exchange </span><span class="pp-class-382 pa t30634 l55444 ls1323">risk </span><span class="pp-class-382 pa t30634 l51315 ls1080">is </span><span class="pp-class-382 pa t30634 l55445 ls2127">monitored </span><span class="pp-class-382 pa t30634 l55446 ls1148">continuously </span><span class="pp-class-382 pa t30634 l55447 ls1099">and </span><span class="pp-class-382 pa t30634 l55448 ls3230">actively </span><span class="pp-class-382 pa t30634 l55449 ls2486">hedged </span><span class="pp-class-382 pa t30634 l55450 ls1759">to </span><span class="pp-class-382 pa t30634 l55451 ls1083">reduce </span><span class="pp-class-382 pa t30634 l55452 ls3435">exposure </span><span class="pp-class-382 pa t30634 l55453 ls1759">using </span><span class="pp-class-382 pa t30634 l55454 ls2787">forward </span><span class="pp-class-382 pa t30807 l3 ls3435">exchange </span><span class="pp-class-382 pa t30807 l14877 ls7694">contracts </span><span class="pp-class-382 pa t30807 l55455 ls858">and </span><span class="pp-class-382 pa t30807 l55456 ls3377">currency </span><span class="pp-class-382 pa t30807 l27592 ls2760">swaps. </span><span class="pp-class-382 pa t30807 l55457 ls4305">According </span><span class="pp-class-382 pa t30807 l55458 ls1759">to </span><span class="pp-class-382 pa t30807 l55459 ls1759">DFDS’ </span><span class="pp-class-382 pa t30807 l55460 ls1073">Financial </span><span class="pp-class-382 pa t30807 l55461 ls3036">Policy, </span><span class="pp-class-382 pa t30807 l55462 ls1323">DFDS </span><span class="pp-class-382 pa t30807 l55463 ls1099">can </span><span class="pp-class-382 pa t30807 l55464 ls1759">hedge </span><span class="pp-class-382 pa t30807 l55465 ls858">balance </span><span class="pp-class-382 pa t30644 l3 ls4396">exposure, </span><span class="pp-class-382 pa t30644 l55466 ls1099">and </span><span class="pp-class-382 pa t30644 l55467">- </span><span class="pp-class-382 pa t30644 l55468 ls830">net </span><span class="pp-class-382 pa t30644 l30927 ls103">of </span><span class="pp-class-382 pa t30644 l45573 ls1237">hedging </span><span class="pp-class-382 pa t30644 l38019">- </span><span class="pp-class-382 pa t30644 l55469 ls1237">balance </span><span class="pp-class-382 pa t30644 l52474 ls2145">exposures </span><span class="pp-class-382 pa t30644 l55470 ls1323">must </span><span class="pp-class-382 pa t30644 l47561 ls1080">be </span><span class="pp-class-382 pa t30644 l55471 ls7694">kept </span><span class="pp-class-382 pa t30644 l55472 ls2142">below </span><span class="pp-class-382 pa t30644 l55473 ls1080">an </span><span class="pp-class-382 pa t30644 l55474 ls728">equivalent </span><span class="pp-class-382 pa t30644 l55475 ls1759">to </span><span class="pp-class-382 pa t30644 l55476 ls1099">DKK </span><span class="pp-class-382 pa t30644 l55477 ls1323">150m </span><span class="pp-class-382 pa t30644 l55478 ls1080">in </span><span class="pp-class-382 pa t30644 l55479 ls1323">each </span><span class="pp-class-382 pa t30649 l3 ls3190">currency. </span><span class="pp-class-382 pa t30649 l55480 ls1080">In </span><span class="pp-class-382 pa t30649 l55481 ls1772">addition, </span><span class="pp-class-382 pa t30649 l4244 ls1080">as </span><span class="pp-class-382 pa t30649 l55482 ls858">per </span><span class="pp-class-382 pa t30649 l55483 ls1073">Financial </span><span class="pp-class-382 pa t30649 l55484 ls3036">Policy, </span><span class="pp-class-382 pa t30649 l55485 ls1323">DFDS </span><span class="pp-class-382 pa t30649 l55486 ls858">can </span><span class="pp-class-382 pa t30649 l55487 ls1759">hedge </span><span class="pp-class-382 pa t30649 l55488 ls2145">exposures </span><span class="pp-class-382 pa t30649 l55489 ls1243">from </span><span class="pp-class-382 pa t30649 l55490 ls828">expected </span><span class="pp-class-382 pa t30649 l55491 ls1323">cash </span><span class="pp-class-382 pa t30649 l55492 ls2784">flows </span><span class="pp-class-382 pa t30649 l55493 ls3105">from </span><span class="pp-class-382 pa t30655 l3 ls4305">operations </span><span class="pp-class-382 pa t30655 l34252 ls1080">up </span><span class="pp-class-382 pa t30655 l55494 ls1759">to </span><span class="pp-class-382 pa t30655 l55495 ls3278">four </span><span class="pp-class-382 pa t30655 l8026 ls1323">quarters </span><span class="pp-class-382 pa t30655 l55496 ls1772">ahead, </span><span class="pp-class-382 pa t30655 l45266 ls858">and </span><span class="pp-class-382 pa t30655 l55497 ls1323">cash </span><span class="pp-class-382 pa t30655 l55498 ls2784">flows </span><span class="pp-class-382 pa t30655 l19692 ls1243">from </span><span class="pp-class-382 pa t30655 l55499 ls803">off-balance </span><span class="pp-class-382 pa t30655 l55500 ls296">sheet </span><span class="pp-class-382 pa t30655 l55501 ls4305">contractual </span><span class="pp-class-382 pa t30655 l55502 ls806">commitments.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30670 l3 ls1742">Approximately </span><span class="pp-class-382 pa t30670 l55503 ls3278">87% </span><span class="pp-class-382 pa t30670 l55504 ls103">of </span><span class="pp-class-382 pa t30670 l55505 ls1759">DFDS’ </span><span class="pp-class-382 pa t30670 l55506 ls185">revenues </span><span class="pp-class-382 pa t30670 l55507 ls1080">in </span><span class="pp-class-382 pa t30670 l13823 ls1150">2024 </span><span class="pp-class-382 pa t30670 l55508 ls2848">were </span><span class="pp-class-382 pa t30670 l55509 ls2127">invoiced </span><span class="pp-class-382 pa t30670 l55510 ls1080">in </span><span class="pp-class-382 pa t30670 l55511 ls1463">foreign </span><span class="pp-class-382 pa t30670 l55512 ls2970">currencies </span><span class="pp-class-382 pa t30670 l55513 ls2486">(2023: </span><span class="pp-class-382 pa t30670 l55514 ls1323">92%) </span><span class="pp-class-382 pa t30670 l55515 ls1323">with </span><span class="pp-class-382 pa t30670 l55516 ls1099">the </span><span class="pp-class-382 pa t30670 l55517 ls1955">most </span><span class="pp-class-382 pa t30676 l3 ls1701">substantial </span><span class="pp-class-382 pa t30676 l34517 ls2143">revenue </span><span class="pp-class-382 pa t30676 l55518 ls3377">generated </span><span class="pp-class-382 pa t30676 l44201 ls1080">in </span><span class="pp-class-382 pa t30676 l55519 ls858">EUR </span><span class="pp-class-382 pa t30676 l55520 ls1759">which </span><span class="pp-class-382 pa t30676 l55521 ls1101">accounted </span><span class="pp-class-382 pa t30676 l55522 ls3278">for </span><span class="pp-class-382 pa t30676 l55523 ls858">64% </span><span class="pp-class-382 pa t30676 l55524 ls103">of </span><span class="pp-class-382 pa t30676 l55525 ls2889">total </span><span class="pp-class-382 pa t30676 l55526 ls2143">revenue </span><span class="pp-class-382 pa t30676 l37885 ls2486">(2023: </span><span class="pp-class-382 pa t30676 l55527 ls1080">60%). </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30687 l3 ls155">Apart </span><span class="pp-class-382 pa t30687 l43810 ls1243">from </span><span class="pp-class-382 pa t30687 l1546 ls858">DKK </span><span class="pp-class-382 pa t30687 l55528 ls858">and </span><span class="pp-class-382 pa t30687 l55529 ls16">EUR, </span><span class="pp-class-382 pa t30687 l55530 ls2143">revenue </span><span class="pp-class-382 pa t30687 l55531 ls1080">is </span><span class="pp-class-382 pa t30687 l55532 ls2149">mainly </span><span class="pp-class-382 pa t30687 l55533 ls3377">generated </span><span class="pp-class-382 pa t30687 l55534 ls1080">in </span><span class="pp-class-382 pa t30687 l55535 ls1323">SEK, </span><span class="pp-class-382 pa t30687 l48474 ls55536">GBP, </span><span class="pp-class-382 pa t30687 l44709 ls858">and </span><span class="pp-class-382 pa t30687 l55537 ls1323">NOK. </span><span class="pp-class-382 pa t30687 l55538 ls7736">However, </span><span class="pp-class-382 pa t30687 l55539 ls1323">SEK, </span><span class="pp-class-382 pa t30687 l55540 ls858">GBP </span><span class="pp-class-382 pa t30687 l55541 ls858">and </span><span class="pp-class-382 pa t30687 l55542 ls302">NOK </span><span class="pp-class-382 pa t30828 l3 ls2970">risks </span><span class="pp-class-382 pa t30828 l55543 ls800">are </span><span class="pp-class-382 pa t30828 l55544 ls1759">to </span><span class="pp-class-382 pa t30828 l55545 ls302">a </span><span class="pp-class-382 pa t30828 l55546 ls2784">large </span><span class="pp-class-382 pa t30828 l1128 ls2688">extent </span><span class="pp-class-382 pa t30828 l22897 ls1271">offset </span><span class="pp-class-382 pa t30828 l55547 ls2784">by </span><span class="pp-class-382 pa t30828 l55548 ls2486">costs. </span><span class="pp-class-382 pa t30828 l44139 ls858">USD </span><span class="pp-class-382 pa t30828 l16268 ls1323">risk </span><span class="pp-class-382 pa t30828 l55549 ls1974">primarily </span><span class="pp-class-382 pa t30828 l55550 ls1759">comes </span><span class="pp-class-382 pa t30828 l55551 ls1243">from </span><span class="pp-class-382 pa t30828 l55552 ls1083">future </span><span class="pp-class-382 pa t30828 l55553 ls5069">bunker </span><span class="pp-class-382 pa t30828 l55554 ls4275">consumption </span><span class="pp-class-382 pa t30828 l55555 ls302">and </span><span class="pp-class-382 pa t30689 l3 ls99">charter </span><span class="pp-class-382 pa t30689 l55556 ls852">agreements. </span><span class="pp-class-382 pa t30689 l55557 ls858">EUR </span><span class="pp-class-382 pa t30689 l55558 ls1080">is </span><span class="pp-class-382 pa t30689 l34630 ls2970">considered </span><span class="pp-class-382 pa t30689 l28889 ls302">a </span><span class="pp-class-382 pa t30689 l55559 ls1759">minor </span><span class="pp-class-382 pa t30689 l53229 ls1323">risk </span><span class="pp-class-382 pa t30689 l52379 ls858">due </span><span class="pp-class-382 pa t30689 l55560 ls1759">to </span><span class="pp-class-382 pa t30689 l55561 ls2784">Denmark’s </span><span class="pp-class-382 pa t30689 l55562 ls2784">fixed </span><span class="pp-class-382 pa t30689 l45503 ls3435">exchange </span><span class="pp-class-382 pa t30689 l55563 ls3216">rate </span><span class="pp-class-382 pa t30689 l55564 ls2889">policy </span><span class="pp-class-382 pa t30689 l55565 ls15062">towards </span><span class="pp-class-382 pa t30689 l55566 ls128">EUR. </span><span class="pp-class-382 pa t30696 l3 ls858">USD </span><span class="pp-class-382 pa t30696 l55567 ls1323">risk </span><span class="pp-class-382 pa t30696 l55568 ls1080">is </span><span class="pp-class-382 pa t30696 l55569 ls1150">reduced </span><span class="pp-class-382 pa t30696 l37890 ls2784">by </span><span class="pp-class-382 pa t30696 l55570 ls858">the </span><span class="pp-class-382 pa t30696 l55571 ls1772">BAF </span><span class="pp-class-382 pa t30696 l55572 ls1073">mechanism </span><span class="pp-class-382 pa t30696 l55573 ls1080">as </span><span class="pp-class-382 pa t30696 l55574 ls1073">described </span><span class="pp-class-382 pa t30696 l55575 ls2851">above.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30707 l3 ls858">The </span><span class="pp-class-382 pa t30707 l16631 ls2944">operational </span><span class="pp-class-382 pa t30707 l55576 ls3377">currency </span><span class="pp-class-382 pa t30707 l17651 ls1323">cash </span><span class="pp-class-382 pa t30707 l55577 ls960">flow </span><span class="pp-class-382 pa t30707 l55578 ls1080">is </span><span class="pp-class-382 pa t30707 l55579 ls1305">defined </span><span class="pp-class-382 pa t30707 l55580 ls1080">as </span><span class="pp-class-382 pa t30707 l55581 ls1099">the </span><span class="pp-class-382 pa t30707 l55582 ls1243">Group's </span><span class="pp-class-382 pa t30707 l55583 ls2088">consolidated </span><span class="pp-class-382 pa t30707 l55584 ls830">net </span><span class="pp-class-382 pa t30707 l55585 ls3377">currency </span><span class="pp-class-382 pa t30707 l55586 ls1323">cash </span><span class="pp-class-382 pa t30707 l55587 ls2784">flows </span><span class="pp-class-382 pa t30707 l55588 ls3105">from </span><span class="pp-class-382 pa t30712 l3 ls185">revenues </span><span class="pp-class-382 pa t30712 l55589 ls858">and </span><span class="pp-class-382 pa t30712 l55590 ls2944">operational </span><span class="pp-class-382 pa t30712 l17927 ls2486">costs. </span><span class="pp-class-382 pa t30712 l55591 ls858">The </span><span class="pp-class-382 pa t30712 l51934 ls1118">table </span><span class="pp-class-382 pa t30712 l55592 ls2784">shows </span><span class="pp-class-382 pa t30712 l55593 ls1099">the </span><span class="pp-class-382 pa t30712 l46140 ls728">impact </span><span class="pp-class-382 pa t30712 l25905 ls1080">on </span><span class="pp-class-382 pa t30712 l55594 ls1099">the </span><span class="pp-class-382 pa t30712 l55595 ls1243">Group's </span><span class="pp-class-382 pa t30712 l55596 ls2760">operating </span><span class="pp-class-382 pa t30712 l55597 ls1974">profit </span><span class="pp-class-382 pa t30712 l55598 ls3623">before </span><span class="pp-class-382 pa t30720 l3 ls3623">depreciation </span><span class="pp-class-382 pa t30720 l47268 ls858">and </span><span class="pp-class-382 pa t30720 l17300 ls238">amortisation </span><span class="pp-class-382 pa t30720 l55599 ls1772">(EBITDA). </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30841 l3 ls1099">All </span><span class="pp-class-382 pa t30841 l53440 ls1323">else </span><span class="pp-class-382 pa t30841 l55600 ls2486">equal, </span><span class="pp-class-382 pa t30841 l55601 ls302">a </span><span class="pp-class-382 pa t30841 l55602 ls2889">strengthening </span><span class="pp-class-382 pa t30841 l55603 ls103">of </span><span class="pp-class-382 pa t30841 l55604 ls1323">SEK, </span><span class="pp-class-382 pa t30841 l55605 ls55536">GBP, </span><span class="pp-class-382 pa t30841 l55317 ls1323">NOK, </span><span class="pp-class-382 pa t30841 l55606 ls34558">TRY, </span><span class="pp-class-382 pa t30841 l55607 ls1099">and </span><span class="pp-class-382 pa t30841 l55608 ls858">USD </span><span class="pp-class-382 pa t30841 l55609 ls1772">against </span><span class="pp-class-382 pa t30841 l55610 ls858">DKK </span><span class="pp-class-382 pa t30841 l55611 ls1083">at </span><span class="pp-class-382 pa t30841 l55612 ls1237">balance </span><span class="pp-class-382 pa t30841 l54549 ls296">sheet </span><span class="pp-class-382 pa t30841 l55613 ls852">date </span><span class="pp-class-382 pa t30841 l55614 ls1271">would </span><span class="pp-class-382 pa t30735 l3 ls728">impact </span><span class="pp-class-382 pa t30735 l55615 ls1099">the </span><span class="pp-class-382 pa t30735 l3503 ls1243">Group's </span><span class="pp-class-382 pa t30735 l55616 ls1974">profit </span><span class="pp-class-382 pa t30735 l53764 ls858">and </span><span class="pp-class-382 pa t30735 l55617 ls1323">loss </span><span class="pp-class-382 pa t30735 l55618 ls2784">by </span><span class="pp-class-382 pa t30735 l55619 ls858">the </span><span class="pp-class-382 pa t30735 l55620 ls1118">amounts </span><span class="pp-class-382 pa t30735 l55621 ls852">presented </span><span class="pp-class-382 pa t30735 l55622 ls14077">below.</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55623 l3 ls947">Operational </span><span class="pp-class-373 pa t55623 l55624 ls860">currency </span><span class="pp-class-373 pa t55623 l55625">cash </span><span class="pp-class-373 pa t55623 l55626 ls68">flow </span><span class="pp-class-373 pa t55623 l55627">risk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td colspan="2" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55623 l55628 ls246">EBITDA</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55629 l3">DKK </span><span class="pp-class-372 pa t55629 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55629 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55629 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55630 l3">SEK, </span><span class="pp-class-372 pa t55630 l55631">income </span><span class="pp-class-372 pa t55630 l41785 ls78">statement </span><span class="pp-class-372 pa t55630 l55632 ls1264">effect, </span><span class="pp-class-372 pa t55630 l55633 ls332">10% </span><span class="pp-class-372 pa t55630 l55634 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55630 l55635">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55630 l54678 ls14819">17</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55636 l3">NOK, </span><span class="pp-class-372 pa t55636 l55637">income </span><span class="pp-class-372 pa t55636 l55638 ls78">statement </span><span class="pp-class-372 pa t55636 l55639 ls1264">effect, </span><span class="pp-class-372 pa t55636 l51291 ls332">10% </span><span class="pp-class-372 pa t55636 l55640 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55636 l55641">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55636 l50195">12</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55642 l3 ls18810">GBP, </span><span class="pp-class-372 pa t55642 l55643">income </span><span class="pp-class-372 pa t55642 l55644 ls78">statement </span><span class="pp-class-372 pa t55642 l55645 ls1264">effect, </span><span class="pp-class-372 pa t55642 l51366 ls332">10% </span><span class="pp-class-372 pa t55642 l55646 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55642 l50235">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55642 l50195">21</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55647 l3 ls7212">TRY, </span><span class="pp-class-372 pa t55647 l17591">income </span><span class="pp-class-372 pa t55647 l45164 ls78">statement </span><span class="pp-class-372 pa t55647 l55648 ls1264">effect, </span><span class="pp-class-372 pa t55647 l49795 ls332">10% </span><span class="pp-class-372 pa t55647 l55649 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55647 l46326">-13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55647 l47294">-13</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55650 l3 ls1772">USD, </span><span class="pp-class-372 pa t55650 l55651">income </span><span class="pp-class-372 pa t55650 l55652 ls78">statement </span><span class="pp-class-372 pa t55650 l55653 ls1264">effect, </span><span class="pp-class-372 pa t55650 l55654 ls332">10% </span><span class="pp-class-372 pa t55650 l15348 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55650 l46225">-19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55650 l42482">-21</span></p></td></tr></table></div></div><div id="pp-id-5235" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-370 pa t21055 l3">4.1 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">and </span><span class="pp-class-370 pa t21055 l54994 ls931">operational </span><span class="pp-class-370 pa t21055 l54995 ls99">risks</span><span class="pp-class-371 pa t21055 l55656"/><span class="pp-class-371 pa t21055 l55657 ls155">(continued)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t45774 l3 ls858">The </span><span class="pp-class-382 pa t45774 l16631 ls1015">Group’s </span><span class="pp-class-382 pa t45774 l44216 ls1323">most </span><span class="pp-class-382 pa t45774 l55658 ls806">significant </span><span class="pp-class-382 pa t45774 l1977 ls3377">currency </span><span class="pp-class-382 pa t45774 l43249 ls1237">balance </span><span class="pp-class-382 pa t45774 l55659 ls1073">positions </span><span class="pp-class-382 pa t45774 l55660 ls800">are </span><span class="pp-class-382 pa t45774 l55661 ls1080">in </span><span class="pp-class-382 pa t45774 l55662 ls16">EUR, </span><span class="pp-class-382 pa t45774 l55663 ls1323">SEK, </span><span class="pp-class-382 pa t45774 l55664 ls55536">GBP, </span><span class="pp-class-382 pa t45774 l55665 ls1323">NOK, </span><span class="pp-class-382 pa t45774 l54303 ls34558">TRY, </span><span class="pp-class-382 pa t45774 l45844 ls1099">and </span><span class="pp-class-382 pa t45774 l31854 ls858">USD </span><span class="pp-class-382 pa t45774 l55666 ls2531">relating </span><span class="pp-class-382 pa t45774 l55667 ls302">to </span><span class="pp-class-382 pa t45789 l3 ls1759">debt, </span><span class="pp-class-382 pa t45789 l54933 ls646">trade </span><span class="pp-class-382 pa t45789 l44360 ls1243">payables </span><span class="pp-class-382 pa t45789 l41430 ls858">and </span><span class="pp-class-382 pa t45789 l55668 ls646">trade </span><span class="pp-class-382 pa t45789 l55669 ls6007">receivables. </span><span class="pp-class-382 pa t45789 l47000 ls858">All </span><span class="pp-class-382 pa t45789 l55670 ls1323">else </span><span class="pp-class-382 pa t45789 l55671 ls1759">equal </span><span class="pp-class-382 pa t45789 l55672 ls302">a </span><span class="pp-class-382 pa t45789 l55673 ls2889">strengthening </span><span class="pp-class-382 pa t45789 l44225 ls103">of </span><span class="pp-class-382 pa t45789 l55674 ls1323">SEK, </span><span class="pp-class-382 pa t45789 l55675 ls55536">GBP, </span><span class="pp-class-382 pa t45789 l55676 ls1323">NOK, </span><span class="pp-class-382 pa t45789 l55677 ls34558">TRY, </span><span class="pp-class-382 pa t45789 l55678 ls1099">and </span><span class="pp-class-382 pa t45789 l55679 ls302">USD </span><span class="pp-class-382 pa t45805 l3 ls1772">against </span><span class="pp-class-382 pa t45805 l30998 ls858">DKK </span><span class="pp-class-382 pa t45805 l55680 ls1083">at </span><span class="pp-class-382 pa t45805 l55681 ls1237">balance </span><span class="pp-class-382 pa t45805 l55682 ls296">sheet </span><span class="pp-class-382 pa t45805 l55683 ls852">date </span><span class="pp-class-382 pa t45805 l55684 ls2142">would </span><span class="pp-class-382 pa t45805 l55685 ls185">have </span><span class="pp-class-382 pa t45805 l55686 ls1864">increased/decreased </span><span class="pp-class-382 pa t45805 l55687 ls1237">balance </span><span class="pp-class-382 pa t45805 l37564 ls296">sheet </span><span class="pp-class-382 pa t45805 l55688 ls1118">items </span><span class="pp-class-382 pa t45805 l55689 ls2784">by </span><span class="pp-class-382 pa t45805 l55690 ls1099">the </span><span class="pp-class-382 pa t45805 l55418 ls58">amounts </span><span class="pp-class-382 pa t45963 l3 ls852">presented </span><span class="pp-class-382 pa t45963 l49824 ls14077">below.</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55691 l3 ls860">Currency </span><span class="pp-class-373 pa t55691 l55692 ls813">balance </span><span class="pp-class-373 pa t55691 l55693">risk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55691 l55694"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55691 l42455"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55695 l3">DKK </span><span class="pp-class-372 pa t55695 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55695 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55695 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55696 l3">SEK, </span><span class="pp-class-372 pa t55696 l55631">equity </span><span class="pp-class-372 pa t55696 l47986">and </span><span class="pp-class-372 pa t55696 l55697">income </span><span class="pp-class-372 pa t55696 l55698 ls78">statement </span><span class="pp-class-372 pa t55696 l18188 ls1264">effect, </span><span class="pp-class-372 pa t55696 l54569 ls332">10% </span><span class="pp-class-372 pa t55696 l55699 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55696 l52978">-12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55696 l53222">-1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55700 l3 ls18810">GBP, </span><span class="pp-class-372 pa t55700 l55643">equity </span><span class="pp-class-372 pa t55700 l16754">and </span><span class="pp-class-372 pa t55700 l55701">income </span><span class="pp-class-372 pa t55700 l55702 ls78">statement </span><span class="pp-class-372 pa t55700 l55703 ls1264">effect, </span><span class="pp-class-372 pa t55700 l16396 ls332">10% </span><span class="pp-class-372 pa t55700 l55704 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55700 l55705">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55700 l42414">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55706 l3">NOK, </span><span class="pp-class-372 pa t55706 l55637">equity </span><span class="pp-class-372 pa t55706 l55707">and </span><span class="pp-class-372 pa t55706 l55708">income </span><span class="pp-class-372 pa t55706 l55709 ls78">statement </span><span class="pp-class-372 pa t55706 l55710 ls1264">effect, </span><span class="pp-class-372 pa t55706 l55711 ls332">10% </span><span class="pp-class-372 pa t55706 l55712 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55706 l54040">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55706 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55713 l3 ls7212">TRY, </span><span class="pp-class-372 pa t55713 l17591">equity </span><span class="pp-class-372 pa t55713 l55714">and </span><span class="pp-class-372 pa t55713 l4135">income </span><span class="pp-class-372 pa t55713 l55715 ls78">statement </span><span class="pp-class-372 pa t55713 l55716 ls1264">effect, </span><span class="pp-class-372 pa t55713 l30851 ls332">10% </span><span class="pp-class-372 pa t55713 l55717 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55713 l54027">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55713 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55718 l3 ls1772">USD, </span><span class="pp-class-372 pa t55718 l55651">equity </span><span class="pp-class-372 pa t55718 l55719">and </span><span class="pp-class-372 pa t55718 l55720">income </span><span class="pp-class-372 pa t55718 l46500 ls78">statement </span><span class="pp-class-372 pa t55718 l44154 ls1264">effect, </span><span class="pp-class-372 pa t55718 l55721 ls332">10% </span><span class="pp-class-372 pa t55718 l55722 ls944">strengthening </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55718 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55718 l47332">-6</span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t55723 l3 ls1073">Liquidity </span><span class="pp-class-383 pa t55723 l55724 ls6007">risks</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55725 l3 ls1323">DFDS </span><span class="pp-class-382 pa t55725 l41618 ls1073">Financial </span><span class="pp-class-382 pa t55725 l54552 ls2787">Policy </span><span class="pp-class-382 pa t55725 l41595 ls1080">is </span><span class="pp-class-382 pa t55725 l38028 ls1759">to </span><span class="pp-class-382 pa t55725 l55726 ls1083">secure </span><span class="pp-class-382 pa t55725 l55727 ls1974">adequate </span><span class="pp-class-382 pa t55725 l55728 ls1073">liquidity </span><span class="pp-class-382 pa t55725 l55729 ls1759">to </span><span class="pp-class-382 pa t55725 l53932 ls806">meet </span><span class="pp-class-382 pa t55725 l44260 ls1073">financial </span><span class="pp-class-382 pa t55725 l55730 ls1099">and </span><span class="pp-class-382 pa t55725 l55731 ls2944">operational </span><span class="pp-class-382 pa t55725 l49523 ls8853">payment </span><span class="pp-class-382 pa t55725 l25063 ls4275">obligations </span><span class="pp-class-382 pa t55732 l3 ls2784">by </span><span class="pp-class-382 pa t55732 l43783 ls1701">maintaining </span><span class="pp-class-382 pa t55732 l16389 ls302">a </span><span class="pp-class-382 pa t55732 l55733 ls1237">minimum </span><span class="pp-class-382 pa t55732 l54097 ls103">of </span><span class="pp-class-382 pa t55732 l55734 ls1323">1.2x </span><span class="pp-class-382 pa t55732 l11397 ls1323">cash </span><span class="pp-class-382 pa t55732 l49797 ls1150">sources </span><span class="pp-class-382 pa t55732 l55735 ls2671">over </span><span class="pp-class-382 pa t55732 l55736 ls1323">cash </span><span class="pp-class-382 pa t55732 l55737 ls1323">uses </span><span class="pp-class-382 pa t55732 l55738 ls3278">for </span><span class="pp-class-382 pa t55732 l52029 ls858">the </span><span class="pp-class-382 pa t55732 l55739 ls1243">next </span><span class="pp-class-382 pa t55732 l55740 ls1080">12 </span><span class="pp-class-382 pa t55732 l55741 ls1118">months. </span><span class="pp-class-382 pa t55732 l55742 ls1099">The </span><span class="pp-class-382 pa t55732 l55743 ls2760">year-end </span><span class="pp-class-382 pa t55732 l55744 ls1099">sum </span><span class="pp-class-382 pa t55732 l55745 ls134">of </span><span class="pp-class-382 pa t55746 l3 ls2889">total </span><span class="pp-class-382 pa t55746 l36740 ls1323">cash </span><span class="pp-class-382 pa t55746 l55747 ls858">and </span><span class="pp-class-382 pa t55746 l15253 ls2401">undrawn </span><span class="pp-class-382 pa t55746 l55748 ls803">committed </span><span class="pp-class-382 pa t55746 l55749 ls728">facilities </span><span class="pp-class-382 pa t55746 l53922 ls1150">was </span><span class="pp-class-382 pa t55746 l55750 ls1099">DKK </span><span class="pp-class-382 pa t55746 l55751 ls19370">3,383m </span><span class="pp-class-382 pa t55746 l55752 ls2486">(2023: </span><span class="pp-class-382 pa t55746 l55753 ls1099">DKK </span><span class="pp-class-382 pa t55746 l55754 ls19370">3,509m), </span><span class="pp-class-382 pa t55746 l55755 ls103">of </span><span class="pp-class-382 pa t55746 l55756 ls1759">which </span><span class="pp-class-382 pa t55746 l55757 ls1463">undrawn </span><span class="pp-class-382 pa t55758 l3 ls803">committed </span><span class="pp-class-382 pa t55758 l55759 ls728">facilities </span><span class="pp-class-382 pa t55758 l55760 ls1073">amount </span><span class="pp-class-382 pa t55758 l55761 ls1759">to </span><span class="pp-class-382 pa t55758 l55762 ls858">DKK </span><span class="pp-class-382 pa t55758 l55763 ls6498">1,794m </span><span class="pp-class-382 pa t55758 l27084 ls2486">(2023: </span><span class="pp-class-382 pa t55758 l55764 ls1099">DKK </span><span class="pp-class-382 pa t55758 l55765 ls3166">2,772m). </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55766 l3 ls1080">As </span><span class="pp-class-382 pa t55766 l50750 ls1073">described </span><span class="pp-class-382 pa t55766 l55767 ls1080">in </span><span class="pp-class-382 pa t55766 l48826 ls1859">Note </span><span class="pp-class-382 pa t55766 l22717 ls31888">3.2.3, </span><span class="pp-class-382 pa t55766 l55768 ls858">the </span><span class="pp-class-382 pa t55766 l16370 ls2784">Group </span><span class="pp-class-382 pa t55766 l55769 ls1818">participates </span><span class="pp-class-382 pa t55766 l55770 ls1080">in </span><span class="pp-class-382 pa t55766 l55771 ls2149">supply </span><span class="pp-class-382 pa t55766 l55772 ls1759">chain </span><span class="pp-class-382 pa t55766 l55773 ls1073">financing </span><span class="pp-class-382 pa t55766 l55774 ls2970">arrangements </span><span class="pp-class-382 pa t55766 l55775 ls1759">which </span><span class="pp-class-382 pa t55766 l55776 ls2145">provide </span><span class="pp-class-382 pa t55766 l55777 ls302">the </span><span class="pp-class-382 pa t55778 l3 ls2784">Group </span><span class="pp-class-382 pa t55778 l45911 ls1323">with </span><span class="pp-class-382 pa t55778 l55779 ls1083">extended </span><span class="pp-class-382 pa t55778 l18342 ls8853">payment </span><span class="pp-class-382 pa t55778 l16289 ls1118">terms </span><span class="pp-class-382 pa t55778 l55780 ls1323">with </span><span class="pp-class-382 pa t55778 l55781 ls2970">banks </span><span class="pp-class-382 pa t55778 l55782 ls1080">as </span><span class="pp-class-382 pa t55778 l55783 ls1237">finance </span><span class="pp-class-382 pa t55778 l55784 ls828">providers. </span><span class="pp-class-382 pa t55778 l55785 ls1099">The </span><span class="pp-class-382 pa t55778 l55786 ls2970">banks </span><span class="pp-class-382 pa t55778 l55787 ls800">are </span><span class="pp-class-382 pa t55778 l55788 ls4396">externally </span><span class="pp-class-382 pa t55778 l55789 ls2769">rated </span><span class="pp-class-382 pa t55778 l55790 ls1323">with </span><span class="pp-class-382 pa t55778 l55791 ls1955">high </span><span class="pp-class-382 pa t55792 l3 ls1237">quality </span><span class="pp-class-382 pa t55792 l33529 ls1083">credit </span><span class="pp-class-382 pa t55792 l30948 ls1083">scores </span><span class="pp-class-382 pa t55792 l17351 ls858">and </span><span class="pp-class-382 pa t55792 l2411 ls185">have </span><span class="pp-class-382 pa t55792 l55793 ls302">a </span><span class="pp-class-382 pa t55792 l45807 ls2694">long-standing </span><span class="pp-class-382 pa t55792 l55794 ls3623">relationship </span><span class="pp-class-382 pa t55792 l55795 ls1323">with </span><span class="pp-class-382 pa t55792 l55796 ls1759">DFDS. </span><span class="pp-class-382 pa t55792 l55797 ls858">The </span><span class="pp-class-382 pa t55792 l55798 ls2784">Group </span><span class="pp-class-382 pa t55792 l55799 ls715">therefore </span><span class="pp-class-382 pa t55792 l54283 ls1323">sees </span><span class="pp-class-382 pa t55792 l55800 ls1080">no </span><span class="pp-class-382 pa t55792 l55801 ls276">significant </span><span class="pp-class-382 pa t55802 l3 ls1073">liquidity </span><span class="pp-class-382 pa t55802 l55803 ls1323">risk </span><span class="pp-class-382 pa t55802 l55804 ls3458">related </span><span class="pp-class-382 pa t55802 l19048 ls1759">to </span><span class="pp-class-382 pa t55802 l50035 ls858">the </span><span class="pp-class-382 pa t55802 l55805 ls1237">finance </span><span class="pp-class-382 pa t55802 l14668 ls1316">providers’ </span><span class="pp-class-382 pa t55802 l55806 ls1237">ability </span><span class="pp-class-382 pa t55802 l55807 ls1759">to </span><span class="pp-class-382 pa t55802 l55808 ls1237">finance </span><span class="pp-class-382 pa t55802 l41571 ls1099">the </span><span class="pp-class-382 pa t55802 l55809 ls2970">arrangements.</span></p></div></div><div id="pp-id-5236" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h55810 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3 ls1759">DFDS’ </span><span class="pp-class-382 pa t328 l55811 ls4305">contractual </span><span class="pp-class-382 pa t328 l50708 ls688">maturities </span><span class="pp-class-382 pa t328 l35957 ls103">of </span><span class="pp-class-382 pa t328 l32851 ls1073">financial </span><span class="pp-class-382 pa t328 l55812 ls296">instruments, </span><span class="pp-class-382 pa t328 l44104 ls3474">including </span><span class="pp-class-382 pa t328 l55813 ls3105">estimated </span><span class="pp-class-382 pa t328 l55814 ls2784">interest </span><span class="pp-class-382 pa t328 l55815 ls6360">payments, </span><span class="pp-class-382 pa t328 l55816 ls800">are </span><span class="pp-class-382 pa t328 l55817 ls1974">stated </span><span class="pp-class-382 pa t328 l55818 ls1080">in </span><span class="pp-class-382 pa t328 l55819 ls302">the </span><span class="pp-class-382 pa t30568 l3 ls1118">table </span><span class="pp-class-382 pa t30568 l17580 ls2142">below:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55820 l3">DKK </span><span class="pp-class-372 pa t55820 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55820 l55821"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55820 l55822"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55820 l55694"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55820 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55823 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55823 l55824">0-1 </span><span class="pp-class-373 pa t55823 l55825 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55823 l42731 ls1073">1-3 </span><span class="pp-class-373 pa t55823 l55826 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55823 l50673">3-5 </span><span class="pp-class-373 pa t55823 l55827 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55828 l55829 ls16">After </span><span class="pp-class-373 pa t55828 l55830">5 </span><span class="pp-class-373 pa t55823 l42665 ls68">years</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55831 l3 ls68">Non-derivative </span><span class="pp-class-373 pa t55831 l43314 ls2548">financial </span><span class="pp-class-373 pa t55831 l55832 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55833 l3">Cash</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55833 l55834 ls276">1,589</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55833 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55833 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55833 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55835 l3 ls14077">Trade </span><span class="pp-class-372 pa t55835 l42817 ls134">receivables </span><span class="pp-class-372 pa t55835 l55836 ls96">including </span><span class="pp-class-372 pa t55835 l55837 ls1326">work </span><span class="pp-class-372 pa t55835 l55838">in </span><span class="pp-class-372 pa t55835 l55839 ls230">progress </span><span class="pp-class-372 pa t55835 l55840 ls1227">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55835 l47066">4,203</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55835 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55835 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55835 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55841 l3 ls1264">Receivables </span><span class="pp-class-372 pa t55841 l42796 ls931">from </span><span class="pp-class-372 pa t55841 l52876 ls128">associates </span><span class="pp-class-372 pa t55841 l52877">and </span><span class="pp-class-372 pa t55841 l52878 ls907">joint </span><span class="pp-class-372 pa t55841 l52879 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55841 l55842">45</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55841 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55841 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55841 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55843 l3">Other </span><span class="pp-class-372 pa t55843 l8525 ls134">receivables </span><span class="pp-class-372 pa t55843 l24264">and </span><span class="pp-class-372 pa t55843 l38807 ls1326">current </span><span class="pp-class-372 pa t55843 l52891 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55843 l50275 ls1080">624</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55843 l48740">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55843 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55843 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55844 l3 ls5558">Derivative </span><span class="pp-class-373 pa t55844 l55845 ls2548">financial </span><span class="pp-class-373 pa t55844 l55846 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55847 l3 ls884">Interest </span><span class="pp-class-372 pa t55847 l14027 ls274">swaps </span><span class="pp-class-372 pa t55847 l55848">&amp; </span><span class="pp-class-372 pa t55847 l55849">caps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55847 l55850 ls1077">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55847 l55851">21</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55847 l55852 ls1077">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55847 l50455 ls16">27</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55853 l3 ls931">Forward </span><span class="pp-class-372 pa t55853 l55854 ls230">exchange </span><span class="pp-class-372 pa t55853 l34108 ls978">contracts </span><span class="pp-class-372 pa t55853 l55855">and </span><span class="pp-class-372 pa t55853 l55856 ls281">currency </span><span class="pp-class-372 pa t55853 l55857 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55853 l52525">36</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55853 l55858">19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55853 l55859">19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55853 l48777">13</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55860 l3 ls2459">Total </span><span class="pp-class-373 pa t55860 l29712 ls2548">financial </span><span class="pp-class-373 pa t55860 l55861 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55860 l55862 ls1463">6,510</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55860 l55863">42</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55860 l55864">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55860 l55865">40</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55866 l3 ls68">Non-derivative </span><span class="pp-class-373 pa t55866 l43314 ls2548">financial </span><span class="pp-class-373 pa t55866 l55832">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55867 l3">Bank </span><span class="pp-class-372 pa t55867 l55868">loans </span><span class="pp-class-372 pa t55867 l55869">and </span><span class="pp-class-372 pa t55867 l55870 ls2329">mortgage </span><span class="pp-class-372 pa t55867 l15524">on </span><span class="pp-class-372 pa t55867 l55871 ls90">ferries </span><span class="pp-class-372 pa t55867 l55872">and </span><span class="pp-class-372 pa t55867 l55873 ls72">other </span><span class="pp-class-372 pa t55867 l16189">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55867 l55874">882</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55867 l55875 ls1150">9,220</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55867 l54339">428</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55867 l55876 ls2766">947</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55877 l3">Issued </span><span class="pp-class-372 pa t55877 l46451 ls68">corporate </span><span class="pp-class-372 pa t55877 l55878">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55877 l55879 ls2835">141</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55877 l55880">1,280</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55877 l55881 ls1073">1,060</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55877 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55882 l3">Lease </span><span class="pp-class-372 pa t55882 l50415">liabilities </span><span class="pp-class-372 pa t55882 l50416 ls982">(undiscounted)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55882 l55883">1,293</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55882 l55884 ls1073">2,659</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55882 l50404">1,296</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55882 l55885 ls276">1,551</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55886 l3 ls14077">Trade </span><span class="pp-class-372 pa t55886 l42817 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55886 l55887 ls2955">3,984</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55886 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55886 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55886 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55888 l3 ls2835">Payables </span><span class="pp-class-372 pa t55888 l52980 ls166">to </span><span class="pp-class-372 pa t55888 l53477 ls128">associates </span><span class="pp-class-372 pa t55888 l53478">and </span><span class="pp-class-372 pa t55888 l17564 ls907">joint </span><span class="pp-class-372 pa t55888 l6883 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55888 l55889 ls302">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55888 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55888 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55888 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55890 l3">Other </span><span class="pp-class-372 pa t55890 l8525 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55890 l55891">233</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55890 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55890 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55890 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55892 l3 ls5558">Derivative </span><span class="pp-class-373 pa t55892 l55845 ls2548">financial </span><span class="pp-class-373 pa t55892 l55846">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55893 l3 ls884">Interest </span><span class="pp-class-372 pa t55893 l14027 ls274">swaps </span><span class="pp-class-372 pa t55893 l55848">&amp; </span><span class="pp-class-372 pa t55893 l55849">caps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55893 l55894">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55893 l48732">31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55893 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55893 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55895 l3 ls110">Cross </span><span class="pp-class-372 pa t55895 l18145 ls281">currency </span><span class="pp-class-372 pa t55895 l55896 ls884">interest </span><span class="pp-class-372 pa t55895 l54589 ls3474">rate </span><span class="pp-class-372 pa t55895 l55897 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55895 l55898">40</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55895 l50157">35</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55895 l52990">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55895 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55899 l3 ls931">Forward </span><span class="pp-class-372 pa t55899 l55854 ls230">exchange </span><span class="pp-class-372 pa t55899 l34108 ls978">contracts </span><span class="pp-class-372 pa t55899 l55855">and </span><span class="pp-class-372 pa t55899 l55856 ls281">currency </span><span class="pp-class-372 pa t55899 l55857 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55899 l55900">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55899 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55899 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55899 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55901 l3 ls2459">Total </span><span class="pp-class-373 pa t55901 l29712 ls2548">financial </span><span class="pp-class-373 pa t55901 l55861">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55901 l55902 ls2401">6,618</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55901 l55903 ls225">13,225</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55901 l53485 ls14385">2,793</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55901 l55904 ls81">2,498</span></p></td></tr></table></div></div><div id="pp-id-5237" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h55906 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.1 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">and </span><span class="pp-class-370 pa t21055 l54994 ls931">operational </span><span class="pp-class-370 pa t21055 l54995 ls99">risks</span><span class="pp-class-371 pa t21055 l55656"/><span class="pp-class-371 pa t21055 l55657 ls155">(continued)</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l55821"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l55822"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l55694"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49281 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49281 l55824">0-1 </span><span class="pp-class-373 pa t49281 l55825 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49281 l42731 ls1073">1-3 </span><span class="pp-class-373 pa t49281 l55826 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49281 l50673">3-5 </span><span class="pp-class-373 pa t49281 l55827 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48946 l55829 ls16">After </span><span class="pp-class-373 pa t48946 l55830">5 </span><span class="pp-class-373 pa t49281 l42665 ls68">years</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55907 l3 ls68">Non-derivative </span><span class="pp-class-373 pa t55907 l43314 ls2548">financial </span><span class="pp-class-373 pa t55907 l55832 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55908 l3">Cash</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55908 l55909 ls2142">737</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55908 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55908 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55908 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55910 l3 ls14077">Trade </span><span class="pp-class-372 pa t55910 l42817 ls134">receivables </span><span class="pp-class-372 pa t55910 l55836 ls96">including </span><span class="pp-class-372 pa t55910 l55837 ls1326">work </span><span class="pp-class-372 pa t55910 l55838">in </span><span class="pp-class-372 pa t55910 l55839 ls230">progress </span><span class="pp-class-372 pa t55910 l55840 ls1227">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55910 l55911 ls38921">3,758</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55910 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55910 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55910 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55912 l3 ls1264">Receivables </span><span class="pp-class-372 pa t55912 l42796 ls931">from </span><span class="pp-class-372 pa t55912 l52876 ls128">associates </span><span class="pp-class-372 pa t55912 l52877">and </span><span class="pp-class-372 pa t55912 l52878 ls907">joint </span><span class="pp-class-372 pa t55912 l52879 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55912 l55913">38</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55912 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55912 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55912 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55914 l3">Other </span><span class="pp-class-372 pa t55914 l8525 ls134">receivables </span><span class="pp-class-372 pa t55914 l24264">and </span><span class="pp-class-372 pa t55914 l38807 ls1326">current </span><span class="pp-class-372 pa t55914 l52891 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55914 l55915">663</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55914 l48860">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55914 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55914 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55916 l3 ls5558">Derivative </span><span class="pp-class-373 pa t55916 l55845 ls2548">financial </span><span class="pp-class-373 pa t55916 l55846 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55917 l3">Commodity </span><span class="pp-class-372 pa t55917 l55918 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55917 l50246">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55917 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55917 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55917 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55919 l3 ls884">Interest </span><span class="pp-class-372 pa t55919 l14027 ls274">swaps </span><span class="pp-class-372 pa t55919 l55848">&amp; </span><span class="pp-class-372 pa t55919 l55849">caps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55919 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55919 l55920">23</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55919 l50255">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55919 l47202 ls728">78</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55921 l3 ls110">Cross </span><span class="pp-class-372 pa t55921 l18145 ls281">currency </span><span class="pp-class-372 pa t55921 l55896 ls884">interest </span><span class="pp-class-372 pa t55921 l54589 ls3474">rate </span><span class="pp-class-372 pa t55921 l55897 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55921 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55921 l48857">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55921 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55921 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55922 l3 ls931">Forward </span><span class="pp-class-372 pa t55922 l55854 ls230">exchange </span><span class="pp-class-372 pa t55922 l34108 ls978">contracts </span><span class="pp-class-372 pa t55922 l55855">and </span><span class="pp-class-372 pa t55922 l55856 ls281">currency </span><span class="pp-class-372 pa t55922 l55857 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55922 l48851">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55922 l46202">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55922 l50255">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55922 l48746 ls1077">14</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55923 l3 ls2459">Total </span><span class="pp-class-373 pa t55923 l29712 ls2548">financial </span><span class="pp-class-373 pa t55923 l55861 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55923 l55924 ls1323">5,216</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55923 l55863">42</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55923 l55925">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55923 l55926">92</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55927 l3 ls68">Non-derivative </span><span class="pp-class-373 pa t55927 l43314 ls2548">financial </span><span class="pp-class-373 pa t55927 l55832">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55928 l3">Bank </span><span class="pp-class-372 pa t55928 l55868">loans </span><span class="pp-class-372 pa t55928 l55869">and </span><span class="pp-class-372 pa t55928 l55870 ls2329">mortgage </span><span class="pp-class-372 pa t55928 l15524">on </span><span class="pp-class-372 pa t55928 l55871 ls90">ferries </span><span class="pp-class-372 pa t55928 l55872">and </span><span class="pp-class-372 pa t55928 l55873 ls72">other </span><span class="pp-class-372 pa t55928 l16189">ships</span><span class="pp-class-389 pa t55928 l55929">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55928 l55930">594</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55928 l55931 ls2955">3,903</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55928 l55932 ls1073">3,106</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55928 l55933 ls81">1,146</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55934 l3">Issued </span><span class="pp-class-372 pa t55934 l46451 ls68">corporate </span><span class="pp-class-372 pa t55934 l55878">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55934 l55935">341</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55934 l55936 ls24195">748</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55934 l50359">355</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55934 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55937 l3">Lease </span><span class="pp-class-372 pa t55937 l50415">liabilities </span><span class="pp-class-372 pa t55937 l50416 ls982">(undiscounted)</span><span class="pp-class-389 pa t55937 l55938">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55937 l55939 ls2848">1,171</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55937 l50139 ls34">2,273</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55937 l55940 ls88">1,352</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55937 l50409 ls1073">1,904</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55941 l3 ls14077">Trade </span><span class="pp-class-372 pa t55941 l42817 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55941 l55942 ls3377">3,461</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55941 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55941 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55941 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55943 l3 ls2835">Payables </span><span class="pp-class-372 pa t55943 l52980 ls166">to </span><span class="pp-class-372 pa t55943 l53477 ls128">associates </span><span class="pp-class-372 pa t55943 l53478">and </span><span class="pp-class-372 pa t55943 l17564 ls907">joint </span><span class="pp-class-372 pa t55943 l6883 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55943 l53743">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55943 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55943 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55943 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55944 l3">Other </span><span class="pp-class-372 pa t55944 l8525 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55944 l55945">254</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55944 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55944 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55944 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55946 l3 ls5558">Derivative </span><span class="pp-class-373 pa t55946 l55845 ls2548">financial </span><span class="pp-class-373 pa t55946 l55846">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55947 l3 ls884">Interest </span><span class="pp-class-372 pa t55947 l14027 ls274">swaps </span><span class="pp-class-372 pa t55947 l55848">&amp; </span><span class="pp-class-372 pa t55947 l55849">caps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55947 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55947 l55851">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55947 l50449">30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55947 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55948 l3 ls110">Cross </span><span class="pp-class-372 pa t55948 l18145 ls281">currency </span><span class="pp-class-372 pa t55948 l55896 ls884">interest </span><span class="pp-class-372 pa t55948 l54589 ls3474">rate </span><span class="pp-class-372 pa t55948 l55897 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55948 l55949">34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55948 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55948 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55948 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55950 l3 ls931">Forward </span><span class="pp-class-372 pa t55950 l55854 ls230">exchange </span><span class="pp-class-372 pa t55950 l34108 ls978">contracts </span><span class="pp-class-372 pa t55950 l55855">and </span><span class="pp-class-372 pa t55950 l55856 ls281">currency </span><span class="pp-class-372 pa t55950 l55857 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55950 l55951 ls124">18</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55950 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55950 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55950 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55952 l3 ls2459">Total </span><span class="pp-class-373 pa t55952 l29712 ls2548">financial </span><span class="pp-class-373 pa t55952 l55861">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55952 l55953 ls712">5,876</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55952 l55954 ls1101">6,936</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55952 l55955 ls978">4,844</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55952 l42271 ls852">3,050</span></p></td></tr></table></div></div><div id="pp-id-5238" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h55956 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls1701">Assumptions </span><span class="pp-class-383 pa t328 l4249 ls1077">for </span><span class="pp-class-383 pa t328 l55957 ls858">the </span><span class="pp-class-383 pa t328 l55958 ls5069">maturity </span><span class="pp-class-383 pa t328 l55959 ls1319">table:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30568 l3 ls858">The </span><span class="pp-class-382 pa t30568 l16631 ls1101">maturity </span><span class="pp-class-382 pa t30568 l31707 ls2531">analysis </span><span class="pp-class-382 pa t30568 l42486 ls1080">is </span><span class="pp-class-382 pa t30568 l55960 ls1759">based </span><span class="pp-class-382 pa t30568 l44821 ls1080">on </span><span class="pp-class-382 pa t30568 l33946 ls1701">undiscounted </span><span class="pp-class-382 pa t30568 l55961 ls1323">cash </span><span class="pp-class-382 pa t30568 l55962 ls2784">flows </span><span class="pp-class-382 pa t30568 l55963 ls3474">including </span><span class="pp-class-382 pa t30568 l55964 ls3105">estimated </span><span class="pp-class-382 pa t30568 l55965 ls2784">interest </span><span class="pp-class-382 pa t30568 l43913 ls6360">payments. </span><span class="pp-class-382 pa t30568 l55966 ls5069">Interest </span><span class="pp-class-382 pa t30575 l3 ls5069">payments </span><span class="pp-class-382 pa t30575 l51240 ls800">are </span><span class="pp-class-382 pa t30575 l55967 ls3105">estimated </span><span class="pp-class-382 pa t30575 l55968 ls1759">based </span><span class="pp-class-382 pa t30575 l55969 ls1080">on </span><span class="pp-class-382 pa t30575 l55970 ls8853">existing </span><span class="pp-class-382 pa t30575 l55971 ls3623">market </span><span class="pp-class-382 pa t30575 l55972 ls819">conditions.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30588 l3 ls858">The </span><span class="pp-class-382 pa t30588 l16631 ls1701">undiscounted </span><span class="pp-class-382 pa t30588 l55973 ls1323">cash </span><span class="pp-class-382 pa t30588 l55974 ls2784">flows </span><span class="pp-class-382 pa t30588 l55975 ls3458">related </span><span class="pp-class-382 pa t30588 l55976 ls1759">to </span><span class="pp-class-382 pa t30588 l55977 ls4279">derivative </span><span class="pp-class-382 pa t30588 l55978 ls1073">financial </span><span class="pp-class-382 pa t30588 l20952 ls1118">liabilities </span><span class="pp-class-382 pa t30588 l55979 ls800">are </span><span class="pp-class-382 pa t30588 l55980 ls852">presented </span><span class="pp-class-382 pa t30588 l55981 ls1083">at </span><span class="pp-class-382 pa t30588 l55982 ls2784">gross </span><span class="pp-class-382 pa t30588 l55983 ls1118">amounts </span><span class="pp-class-382 pa t30588 l55984 ls1110">unless </span><span class="pp-class-382 pa t30593 l3 ls858">the </span><span class="pp-class-382 pa t30593 l43824 ls1110">parties </span><span class="pp-class-382 pa t30593 l55985 ls6007">according </span><span class="pp-class-382 pa t30593 l55986 ls1759">to </span><span class="pp-class-382 pa t30593 l55987 ls858">the </span><span class="pp-class-382 pa t30593 l55988 ls800">contract </span><span class="pp-class-382 pa t30593 l52024 ls185">have </span><span class="pp-class-382 pa t30593 l55989 ls302">a </span><span class="pp-class-382 pa t30593 l30668 ls1305">right </span><span class="pp-class-382 pa t30593 l55990 ls1080">or </span><span class="pp-class-382 pa t30593 l55991 ls688">obligation </span><span class="pp-class-382 pa t30593 l55992 ls1759">to </span><span class="pp-class-382 pa t30593 l55993 ls1244">settle </span><span class="pp-class-382 pa t30593 l55994 ls1083">at </span><span class="pp-class-382 pa t30593 l55995 ls830">net </span><span class="pp-class-382 pa t30593 l55996 ls1323">amount.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30615 l3 ls2842">Credit </span><span class="pp-class-383 pa t30615 l55997 ls2401">exposure</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30622 l3 ls1759">DFDS’ </span><span class="pp-class-382 pa t30622 l55811 ls1083">credit </span><span class="pp-class-382 pa t30622 l55998 ls3435">exposure </span><span class="pp-class-382 pa t30622 l55014 ls1080">is </span><span class="pp-class-382 pa t30622 l55999 ls1974">primarily </span><span class="pp-class-382 pa t30622 l56000 ls1148">attributable </span><span class="pp-class-382 pa t30622 l56001 ls1759">to </span><span class="pp-class-382 pa t30622 l51294 ls1271">trade- </span><span class="pp-class-382 pa t30622 l56002 ls858">and </span><span class="pp-class-382 pa t30622 l56003 ls296">other </span><span class="pp-class-382 pa t30622 l56004 ls2787">receivables </span><span class="pp-class-382 pa t30622 l56005 ls1099">and </span><span class="pp-class-382 pa t30622 l56006 ls1759">cash. </span><span class="pp-class-382 pa t30622 l56007 ls1099">The </span><span class="pp-class-382 pa t30622 l56008 ls1150">receivables </span><span class="pp-class-382 pa t30628 l3 ls3474">including </span><span class="pp-class-382 pa t30628 l46167 ls960">work </span><span class="pp-class-382 pa t30628 l56009 ls1080">in </span><span class="pp-class-382 pa t30628 l56010 ls3435">progress </span><span class="pp-class-382 pa t30628 l56011 ls1099">services </span><span class="pp-class-382 pa t30628 l56012 ls800">are </span><span class="pp-class-382 pa t30628 l34537 ls1974">stated </span><span class="pp-class-382 pa t30628 l56013 ls1080">in </span><span class="pp-class-382 pa t30628 l56014 ls1099">the </span><span class="pp-class-382 pa t30628 l56015 ls1237">balance </span><span class="pp-class-382 pa t30628 l56016 ls296">sheet </span><span class="pp-class-382 pa t30628 l56017 ls830">net </span><span class="pp-class-382 pa t30628 l56018 ls103">of </span><span class="pp-class-382 pa t30628 l56019 ls1305">write-downs. </span><span class="pp-class-382 pa t30628 l56020 ls2944">Reference </span><span class="pp-class-382 pa t30628 l56021 ls1080">is </span><span class="pp-class-382 pa t30628 l56022 ls1772">made </span><span class="pp-class-382 pa t30628 l56023 ls302">to </span><span class="pp-class-382 pa t30634 l3 ls1859">note </span><span class="pp-class-382 pa t30634 l56024 ls7094">3.2.1 </span><span class="pp-class-382 pa t30634 l24852 ls3278">for </span><span class="pp-class-382 pa t30634 l17404 ls1110">further </span><span class="pp-class-382 pa t30634 l56025 ls1148">information </span><span class="pp-class-382 pa t30634 l56026 ls1080">on </span><span class="pp-class-382 pa t30634 l56027 ls1237">write-downs </span><span class="pp-class-382 pa t30634 l27117 ls1080">on </span><span class="pp-class-382 pa t30634 l56028 ls646">trade </span><span class="pp-class-382 pa t30634 l56029 ls2787">receivables </span><span class="pp-class-382 pa t30634 l56030 ls858">and </span><span class="pp-class-382 pa t30634 l56031 ls960">work </span><span class="pp-class-382 pa t30634 l51695 ls1080">in </span><span class="pp-class-382 pa t30634 l56032 ls3435">progress </span><span class="pp-class-382 pa t30634 l56033 ls1298">services. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30644 l3 ls4305">According </span><span class="pp-class-382 pa t30644 l43708 ls1759">to </span><span class="pp-class-382 pa t30644 l4846 ls858">the </span><span class="pp-class-382 pa t30644 l56034 ls1015">Group’s </span><span class="pp-class-382 pa t30644 l19062 ls2889">policy </span><span class="pp-class-382 pa t30644 l56035 ls103">of </span><span class="pp-class-382 pa t30644 l56036 ls2486">undertaking </span><span class="pp-class-382 pa t30644 l2528 ls1083">credit </span><span class="pp-class-382 pa t30644 l51976 ls2142">risks, </span><span class="pp-class-382 pa t30644 l56037 ls806">assessments </span><span class="pp-class-382 pa t30644 l56038 ls103">of </span><span class="pp-class-382 pa t30644 l56039 ls858">all </span><span class="pp-class-382 pa t30644 l56040 ls296">customers </span><span class="pp-class-382 pa t30644 l56041 ls1099">and </span><span class="pp-class-382 pa t30644 l56042 ls296">other </span><span class="pp-class-382 pa t30644 l56043 ls1065">partners </span><span class="pp-class-382 pa t30649 l3 ls800">are </span><span class="pp-class-382 pa t30649 l43707 ls1321">performed.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t387 l3 ls1759">DFDS’ </span><span class="pp-class-382 pa t387 l55811 ls1083">credit </span><span class="pp-class-382 pa t387 l55998 ls1323">risk </span><span class="pp-class-382 pa t387 l56044 ls15062">towards </span><span class="pp-class-382 pa t387 l56045 ls1073">financial </span><span class="pp-class-382 pa t387 l56046 ls1073">counterparties </span><span class="pp-class-382 pa t387 l56047 ls1974">primarily </span><span class="pp-class-382 pa t387 l56048 ls3458">relates </span><span class="pp-class-382 pa t387 l56049 ls1759">to </span><span class="pp-class-382 pa t387 l56050 ls1323">cash </span><span class="pp-class-382 pa t387 l25242 ls1080">on </span><span class="pp-class-382 pa t387 l56051 ls1323">bank </span><span class="pp-class-382 pa t387 l56052 ls53">accounts </span><span class="pp-class-382 pa t387 l56053 ls858">and </span><span class="pp-class-382 pa t387 l56054 ls4275">positive </span><span class="pp-class-382 pa t30670 l3 ls3623">market </span><span class="pp-class-382 pa t30670 l29346 ls1150">values </span><span class="pp-class-382 pa t30670 l16607 ls103">of </span><span class="pp-class-382 pa t30670 l56055 ls2760">derivatives. </span><span class="pp-class-382 pa t30670 l56056 ls1083">Credit </span><span class="pp-class-382 pa t30670 l56057 ls2486">limits </span><span class="pp-class-382 pa t30670 l56058 ls1080">on </span><span class="pp-class-382 pa t30670 l56059 ls1073">financial </span><span class="pp-class-382 pa t30670 l56060 ls1073">counterparties </span><span class="pp-class-382 pa t30670 l56061 ls800">are </span><span class="pp-class-382 pa t30670 l56062 ls803">calculated </span><span class="pp-class-382 pa t30670 l56063 ls1080">in </span><span class="pp-class-382 pa t30670 l56064 ls852">accordance </span><span class="pp-class-382 pa t30670 l56065 ls1955">with </span><span class="pp-class-382 pa t30676 l3 ls1759">DFDS’ </span><span class="pp-class-382 pa t30676 l55811 ls1073">Financial </span><span class="pp-class-382 pa t30676 l56066 ls2787">Policy </span><span class="pp-class-382 pa t30676 l56067 ls1759">based </span><span class="pp-class-382 pa t30676 l56068 ls1080">on </span><span class="pp-class-382 pa t30676 l42472 ls1083">credit </span><span class="pp-class-382 pa t30676 l56069 ls7094">ratings </span><span class="pp-class-382 pa t30676 l56070 ls1243">from </span><span class="pp-class-382 pa t30676 l56071 ls803">international </span><span class="pp-class-382 pa t30676 l56072 ls1083">credit </span><span class="pp-class-382 pa t30676 l56073 ls3435">rating </span><span class="pp-class-382 pa t30676 l56074 ls1772">agencies. </span><span class="pp-class-382 pa t30676 l56075 ls1083">Credit </span><span class="pp-class-382 pa t30676 l56076 ls7094">ratings </span><span class="pp-class-382 pa t30676 l56077 ls302">and </span><span class="pp-class-382 pa t30682 l3 ls2944">resulting </span><span class="pp-class-382 pa t30682 l35516 ls1083">credit </span><span class="pp-class-382 pa t30682 l56078 ls2486">limits </span><span class="pp-class-382 pa t30682 l32461 ls800">are </span><span class="pp-class-382 pa t30682 l43288 ls2127">monitored </span><span class="pp-class-382 pa t30682 l16634 ls6791">continuously. </span><span class="pp-class-382 pa t30682 l52404 ls4305">According </span><span class="pp-class-382 pa t30682 l56079 ls1759">to </span><span class="pp-class-382 pa t30682 l56080 ls858">the </span><span class="pp-class-382 pa t30682 l50716 ls1073">Financial </span><span class="pp-class-382 pa t30682 l56081 ls2787">Policy </span><span class="pp-class-382 pa t30682 l56082 ls1099">DKK </span><span class="pp-class-382 pa t30682 l56083 ls1323">500m </span><span class="pp-class-382 pa t30682 l56084 ls1080">is </span><span class="pp-class-382 pa t30682 l56085 ls1099">the </span><span class="pp-class-382 pa t30682 l56086 ls858">maximum </span><span class="pp-class-382 pa t30687 l3 ls1243">allowed </span><span class="pp-class-382 pa t30687 l56087 ls1083">credit </span><span class="pp-class-382 pa t30687 l56088 ls1323">risk </span><span class="pp-class-382 pa t30687 l56089 ls15062">towards </span><span class="pp-class-382 pa t30687 l39227 ls302">a </span><span class="pp-class-382 pa t30687 l56090 ls1073">financial </span><span class="pp-class-382 pa t30687 l56091 ls11245">counterparty.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30689 l3 ls1237">Capital </span><span class="pp-class-383 pa t30689 l16556 ls5039">structure</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30696 l3 ls858">The </span><span class="pp-class-382 pa t30696 l16631 ls1323">starting </span><span class="pp-class-382 pa t30696 l56092 ls1305">point </span><span class="pp-class-382 pa t30696 l56093 ls3278">for </span><span class="pp-class-382 pa t30696 l56094 ls2489">determining </span><span class="pp-class-382 pa t30696 l27683 ls858">the </span><span class="pp-class-382 pa t30696 l43828 ls646">level </span><span class="pp-class-382 pa t30696 l35648 ls103">of </span><span class="pp-class-382 pa t30696 l56095 ls806">capital </span><span class="pp-class-382 pa t30696 l56096 ls830">distribution </span><span class="pp-class-382 pa t30696 l43777 ls1759">to </span><span class="pp-class-382 pa t30696 l56097 ls3105">shareholders </span><span class="pp-class-382 pa t30696 l56098 ls1080">is </span><span class="pp-class-382 pa t30696 l56099 ls1099">the </span><span class="pp-class-382 pa t30696 l56100 ls852">current </span><span class="pp-class-382 pa t30696 l56101 ls858">and </span><span class="pp-class-382 pa t30696 l56102 ls1150">expected </span><span class="pp-class-382 pa t30703 l3 ls1083">future </span><span class="pp-class-382 pa t30703 l34026 ls1073">financial </span><span class="pp-class-382 pa t30703 l56103 ls6791">leverage </span><span class="pp-class-382 pa t30703 l12025 ls8853">measured </span><span class="pp-class-382 pa t30703 l56104 ls1080">as </span><span class="pp-class-382 pa t30703 l56105 ls858">the </span><span class="pp-class-382 pa t30703 l56106 ls1864">ratio </span><span class="pp-class-382 pa t30703 l56107 ls1244">between </span><span class="pp-class-382 pa t30703 l56108 ls1323">NIBD </span><span class="pp-class-382 pa t30703 l56109 ls1099">and </span><span class="pp-class-382 pa t30703 l56110 ls1237">EBITDA. </span><span class="pp-class-382 pa t30703 l56111 ls14023">Target </span><span class="pp-class-382 pa t30703 l56112 ls6791">leverage </span><span class="pp-class-382 pa t30703 l56113 ls1080">is </span><span class="pp-class-382 pa t30703 l36854 ls302">a </span><span class="pp-class-382 pa t30703 l56114 ls1864">ratio </span><span class="pp-class-382 pa t30703 l56115 ls688">between </span><span class="pp-class-382 pa t30707 l3 ls8012">2.0 </span><span class="pp-class-382 pa t30707 l54910 ls858">and </span><span class="pp-class-382 pa t30707 l54911 ls45816">3.0. </span><span class="pp-class-382 pa t30707 l54912 ls1083">NIBD/EBITDA </span><span class="pp-class-382 pa t30707 l56116 ls1150">was </span><span class="pp-class-382 pa t30707 l56117 ls2763">3.9 </span><span class="pp-class-382 pa t30707 l56118 ls1083">at </span><span class="pp-class-382 pa t30707 l56119 ls2760">year-end </span><span class="pp-class-382 pa t30707 l56120 ls2854">2024. </span><span class="pp-class-382 pa t30707 l56121 ls1772">For </span><span class="pp-class-382 pa t30707 l56122 ls99">shorter </span><span class="pp-class-382 pa t30707 l56123 ls2694">periods, </span><span class="pp-class-382 pa t30707 l56124 ls6791">leverage </span><span class="pp-class-382 pa t30707 l56125 ls1099">can </span><span class="pp-class-382 pa t30707 l56126 ls2671">move </span><span class="pp-class-382 pa t30707 l56127 ls1237">outside </span><span class="pp-class-382 pa t30707 l20769 ls858">the </span><span class="pp-class-382 pa t30707 l56128 ls728">range </span><span class="pp-class-382 pa t30712 l3 ls858">due </span><span class="pp-class-382 pa t30712 l29339 ls1759">to </span><span class="pp-class-382 pa t30712 l29340 ls1237">special </span><span class="pp-class-382 pa t30712 l30636 ls7694">events, </span><span class="pp-class-382 pa t30712 l56129 ls2142">e.g., </span><span class="pp-class-382 pa t30712 l56130 ls1083">larger </span><span class="pp-class-382 pa t30712 l56131 ls1772">acquisitions.</span></p></div></div><div id="pp-id-5117" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls1759 wtro3159 wtr1293 tro3160 tr1294">Restated </span><span class="pp-class-376 pa t3433 l56132 ls3572 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-376 pa t3433 l56133 ls931 wtro3159 wtr1293 tro3160 tr1294">changes </span><span class="pp-class-376 pa t3433 l56134 ls128 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-376 pa t3439 l3 ls1733 wtro3159 wtr1293 tro3160 tr1294">accounting </span><span class="pp-class-376 pa t3439 l41418 ls2955 wtro3159 wtr1293 tro3160 tr1294">policy, </span><span class="pp-class-376 pa t3439 l56135 ls53 wtro3159 wtr1293 tro3160 tr1294">refer </span><span class="pp-class-376 pa t3445 l3 ls2835 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-376 pa t3445 l56136 ls3572 wtro3159 wtr1293 tro3160 tr1294">note </span><span class="pp-class-376 pa t3445 l56137 ls182 wtro3159 wtr1293 tro3160 tr1294">1.2.</span></p></div></div><div id="pp-id-5239" xmlns="http://www.w3.org/1999/xhtml"><div class="w42856 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.1 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">and </span><span class="pp-class-370 pa t21055 l54994 ls931">operational </span><span class="pp-class-370 pa t21055 l54995 ls99">risks</span><span class="pp-class-371 pa t21055 l55656"/><span class="pp-class-371 pa t21055 l55657 ls155">(continued)</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l56138 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l41801"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56139"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56140"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56141"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56142"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td colspan="4" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48946 l56143 ls287">Expected </span><span class="pp-class-373 pa t48946 l56144">timing </span><span class="pp-class-373 pa t48946 l56145">of </span><span class="pp-class-373 pa t48946 l56146 ls840">recycling </span><span class="pp-class-373 pa t48946 l56147">to </span><span class="pp-class-373 pa t48946 l56148">income </span><span class="pp-class-373 pa t49281 l56149 ls254">statement </span><span class="pp-class-373 pa t49281 l56150">or </span><span class="pp-class-373 pa t49281 l56151 ls193">non-current </span><span class="pp-class-373 pa t49281 l56152 ls907">assets </span><span class="pp-class-373 pa t49281 l56153">of </span><span class="pp-class-373 pa t49281 l56154">gains/</span><span class="pp-class-373 pa t49272 l56155 ls37">losses </span><span class="pp-class-373 pa t49272 l56156 ls72">recognised </span><span class="pp-class-373 pa t49272 l56157">in </span><span class="pp-class-373 pa t49272 l56158">the </span><span class="pp-class-373 pa t49272 l56159">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56160"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l41801">Hedge </span><span class="pp-class-373 pa t56161 l56162 ls287">instrument</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56163 l56164">Time </span><span class="pp-class-373 pa t56163 l56165">to </span><span class="pp-class-373 pa t56161 l56166 ls78">maturity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56167 l56168 ls287">Notional </span><span class="pp-class-373 pa t56163 l56169">principal </span><span class="pp-class-373 pa t56161 l56170 ls907">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56167 l56171 ls813">Fair </span><span class="pp-class-373 pa t56163 l56172 ls110">value </span><span class="pp-class-373 pa t56161 l56173 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56167 l56174 ls813">Fair </span><span class="pp-class-373 pa t56163 l56175 ls110">value </span><span class="pp-class-373 pa t56161 l56176">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56177">0-1 </span><span class="pp-class-373 pa t56161 l56178 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56179 ls1073">1-3 </span><span class="pp-class-373 pa t56161 l56180 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56181">3-5 </span><span class="pp-class-373 pa t56161 l56182 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56163 l56183 ls16">After </span><span class="pp-class-373 pa t56161 l56184">5 </span><span class="pp-class-373 pa t56161 l56185 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56186 l56187 ls813">Fair </span><span class="pp-class-373 pa t56186 l56188 ls110">value </span><span class="pp-class-373 pa t56189 l56190 ls72">recognised </span><span class="pp-class-373 pa t56167 l56191">on </span><span class="pp-class-373 pa t56167 l56192">hedging </span><span class="pp-class-373 pa t56163 l56193 ls81">reserve </span><span class="pp-class-373 pa t56161 l56194">in </span><span class="pp-class-373 pa t56161 l56195">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56196 ls960">Average </span><span class="pp-class-373 pa t56161 l56197">hedge </span><span class="pp-class-373 pa t56161 l56198 ls830">rate</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56199 l3 ls287">Expected </span><span class="pp-class-373 pa t56199 l44651 ls944">future </span><span class="pp-class-373 pa t56199 l56200 ls112">transactions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l3 ls180">Interest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l41801 ls884">Interest </span><span class="pp-class-372 pa t56201 l56202 ls274">swaps </span><span class="pp-class-372 pa t56201 l56203">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56204"/><span class="pp-class-372 pa t56201 l56205">0-5 </span><span class="pp-class-372 pa t56201 l56206 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56207 ls276">2,505</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56208">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56209">32</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56210">-8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56211 ls278">-10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56212">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56214">-20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56215 ls7694">2.57%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l3 ls180">Interest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l41801 ls884">Interest </span><span class="pp-class-372 pa t56216 l56202 ls274">swaps </span><span class="pp-class-372 pa t56216 l56203">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56217 ls128">0-10 </span><span class="pp-class-372 pa t56216 l56206 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56218 ls88">2,312</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56219">64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56220">26</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56221">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56222">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56223 ls1077">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56224 ls16">27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56225">39</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56226 ls6007">2.07%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l3">Bond </span><span class="pp-class-372 pa t56227 l56228">loans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l41801 ls281">Currency </span><span class="pp-class-372 pa t56227 l56229 ls274">swaps </span><span class="pp-class-372 pa t56227 l56230">NOK/DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56204"/><span class="pp-class-372 pa t56227 l56205">0-5 </span><span class="pp-class-372 pa t56227 l56206 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56231">2,115</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56232">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56233">81</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56234">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56235">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56212">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56236">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56237">NOK/DKK </span><span class="pp-class-372 pa t56227 l56238 ls195">0.6546</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l3">Ship </span><span class="pp-class-372 pa t56239 l54526">loans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l41801 ls281">Currency </span><span class="pp-class-372 pa t56239 l56229 ls274">swaps </span><span class="pp-class-372 pa t56239 l56230">EUR/DKK </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56240">0-3 </span><span class="pp-class-372 pa t56239 l56241 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56242">1,193</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56243">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56244">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56234">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56222">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56245">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56246">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56247">EUR/DKK </span><span class="pp-class-372 pa t56239 l56248 ls30469">7.4575</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l3 ls93">Ferry </span><span class="pp-class-372 pa t56249 l9449 ls254">investments </span><span class="pp-class-372 pa t56249 l14636">and </span><span class="pp-class-372 pa t56249 l56250 ls921">ferry </span><span class="pp-class-372 pa t56249 l56251 ls502">charter</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l41801 ls931">Forward </span><span class="pp-class-372 pa t56249 l56252 ls230">exchange </span><span class="pp-class-372 pa t56249 l56253 ls882">contracts</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56254">0-7 </span><span class="pp-class-372 pa t56249 l56206 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56255">553</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56256">61</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56244">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56257">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56258">-7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56259">-7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56260">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56261">-21</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56262">EUR/USD </span><span class="pp-class-372 pa t56249 l56263 ls1194">1.2674</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56264 l3">Other </span><span class="pp-class-373 pa t56264 l38207 ls2548">financial </span><span class="pp-class-373 pa t56264 l32439">hedging</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l3">Commodities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l41801">Commodity </span><span class="pp-class-372 pa t56265 l56266">hedges</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56267"/><span class="pp-class-372 pa t56265 l56268">0-1 </span><span class="pp-class-372 pa t56265 l56241 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56269">81</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56270">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56244">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56234">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l35136">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56245">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56271">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56272 ls4819">N/A</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l3">Sales </span><span class="pp-class-372 pa t56273 l41290">and </span><span class="pp-class-372 pa t56273 l41291">goods </span><span class="pp-class-372 pa t56273 l32019 ls1259">purchased</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56274 l41801 ls931">Forward </span><span class="pp-class-372 pa t56274 l56252 ls230">exchange </span><span class="pp-class-372 pa t56274 l56253 ls978">contracts </span><span class="pp-class-372 pa t56274 l56275">and </span><span class="pp-class-372 pa t56273 l41801 ls281">currency </span><span class="pp-class-372 pa t56273 l56276 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56268">0-1 </span><span class="pp-class-372 pa t56273 l56241 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56277 ls1073">2,082</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56278 ls16">27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56279">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l9399">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l35136">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56245">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56280">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56272 ls4819">N/A</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56282 ls913">165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56283 ls78">143</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56284">-13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56285">-19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56286">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56287">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56288">-6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56289 l3">The </span><span class="pp-class-372 pa t56289 l16790 ls1005">fair </span><span class="pp-class-372 pa t56289 l56290 ls16">value </span><span class="pp-class-372 pa t56289 l38720 ls287">of </span><span class="pp-class-372 pa t56289 l56291">the </span><span class="pp-class-372 pa t56289 l56292 ls884">interest </span><span class="pp-class-372 pa t56289 l56293 ls274">swaps </span><span class="pp-class-372 pa t56289 l56294">has </span><span class="pp-class-372 pa t56289 l56295">been </span><span class="pp-class-372 pa t56289 l56296 ls128">calculated </span><span class="pp-class-372 pa t56289 l56297 ls1955">by </span><span class="pp-class-372 pa t56289 l56298 ls2329">discounting </span><span class="pp-class-372 pa t56289 l31797">the </span><span class="pp-class-372 pa t56289 l56299 ls180">expected </span><span class="pp-class-372 pa t56289 l56300 ls134">future </span><span class="pp-class-372 pa t56289 l56301 ls884">interest </span><span class="pp-class-372 pa t56289 l56302 ls171">payments. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56303 l3">The </span><span class="pp-class-372 pa t56303 l16790 ls287">discount </span><span class="pp-class-372 pa t56303 l16428 ls3474">rate </span><span class="pp-class-372 pa t56303 l56304 ls43">for </span><span class="pp-class-372 pa t56303 l56305 ls128">each </span><span class="pp-class-372 pa t56303 l50346 ls884">interest </span><span class="pp-class-372 pa t56303 l56306 ls78">payment </span><span class="pp-class-372 pa t56303 l56307">is </span><span class="pp-class-372 pa t56303 l17336 ls1005">estimated </span><span class="pp-class-372 pa t56303 l56308">based </span><span class="pp-class-372 pa t56303 l56309">on </span><span class="pp-class-372 pa t56303 l56310 ls16">market </span><span class="pp-class-372 pa t56303 l56311 ls884">interest </span><span class="pp-class-372 pa t56303 l56312 ls3566">rates. </span><span class="pp-class-372 pa t56303 l44563 ls12">The </span><span class="pp-class-372 pa t56303 l56313 ls1005">fair </span><span class="pp-class-372 pa t56303 l56314 ls16">value </span><span class="pp-class-372 pa t56303 l55138 ls287">of </span><span class="pp-class-372 pa t56303 l56315 ls658">forward </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56316 l3 ls230">exchange </span><span class="pp-class-372 pa t56316 l56317 ls978">contracts </span><span class="pp-class-372 pa t56316 l56318">and </span><span class="pp-class-372 pa t56316 l54122 ls78">bunker </span><span class="pp-class-372 pa t56316 l12668 ls978">contracts </span><span class="pp-class-372 pa t56316 l56319 ls85">are </span><span class="pp-class-372 pa t56316 l56320 ls128">calculated </span><span class="pp-class-372 pa t56316 l56321">based </span><span class="pp-class-372 pa t56316 l56322">on </span><span class="pp-class-372 pa t56316 l56323 ls332">actual </span><span class="pp-class-372 pa t56316 l56324 ls658">forward </span><span class="pp-class-372 pa t56316 l56325 ls37">curves.</span></p></div></div><div class="pp-class-10" id="pp-id-5240" xmlns="http://www.w3.org/1999/xhtml"><div class="w42856 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.1 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">and </span><span class="pp-class-370 pa t21055 l54994 ls931">operational </span><span class="pp-class-370 pa t21055 l54995 ls99">risks</span><span class="pp-class-371 pa t21055 l55656"/><span class="pp-class-371 pa t21055 l55657 ls155">(continued)</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56326">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l41801"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56139"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56140"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56141"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56142"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td colspan="4" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48946 l56143 ls287">Expected </span><span class="pp-class-373 pa t48946 l56144">timing </span><span class="pp-class-373 pa t48946 l56145">of </span><span class="pp-class-373 pa t48946 l56146 ls840">recycling </span><span class="pp-class-373 pa t48946 l56147">to </span><span class="pp-class-373 pa t48946 l56148">income </span><span class="pp-class-373 pa t49281 l56149 ls254">statement </span><span class="pp-class-373 pa t49281 l56150">or </span><span class="pp-class-373 pa t49281 l56151 ls193">non-current </span><span class="pp-class-373 pa t49281 l56152 ls907">assets </span><span class="pp-class-373 pa t49281 l56153">of </span><span class="pp-class-373 pa t49281 l56154">gains/</span><span class="pp-class-373 pa t49272 l56155 ls37">losses </span><span class="pp-class-373 pa t49272 l56156 ls72">recognised </span><span class="pp-class-373 pa t49272 l56157">in </span><span class="pp-class-373 pa t49272 l56158">the </span><span class="pp-class-373 pa t49272 l56159">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56160"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l41801">Hedge </span><span class="pp-class-373 pa t56161 l56162 ls287">instrument</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56163 l56164">Time </span><span class="pp-class-373 pa t56163 l56165">to </span><span class="pp-class-373 pa t56161 l56166 ls78">maturity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56167 l56168 ls287">Notional </span><span class="pp-class-373 pa t56163 l56169">principal </span><span class="pp-class-373 pa t56161 l56170 ls907">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56167 l56171 ls813">Fair </span><span class="pp-class-373 pa t56163 l56172 ls110">value </span><span class="pp-class-373 pa t56161 l56173 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56167 l56174 ls813">Fair </span><span class="pp-class-373 pa t56163 l56175 ls110">value </span><span class="pp-class-373 pa t56161 l56176">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56177">0-1 </span><span class="pp-class-373 pa t56161 l56178 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56179 ls1073">1-3 </span><span class="pp-class-373 pa t56161 l56180 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56181">3-5 </span><span class="pp-class-373 pa t56161 l56182 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56163 l56183 ls16">After </span><span class="pp-class-373 pa t56161 l56184">5 </span><span class="pp-class-373 pa t56161 l56185 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56186 l56187 ls813">Fair </span><span class="pp-class-373 pa t56186 l56188 ls110">value </span><span class="pp-class-373 pa t56189 l56190 ls72">recognised </span><span class="pp-class-373 pa t56167 l56191">on </span><span class="pp-class-373 pa t56167 l56192">hedging </span><span class="pp-class-373 pa t56163 l56193 ls81">reserve </span><span class="pp-class-373 pa t56161 l56194">in </span><span class="pp-class-373 pa t56161 l56195">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56196 ls960">Average </span><span class="pp-class-373 pa t56161 l56197">hedge </span><span class="pp-class-373 pa t56161 l56198 ls830">rate</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56199 l3 ls287">Expected </span><span class="pp-class-373 pa t56199 l44651 ls944">future </span><span class="pp-class-373 pa t56199 l56200 ls112">transactions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l3 ls180">Interest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l41801 ls884">Interest </span><span class="pp-class-372 pa t56201 l56202 ls274">swaps </span><span class="pp-class-372 pa t56201 l56203">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56204"/><span class="pp-class-372 pa t56201 l56205">0-5 </span><span class="pp-class-372 pa t56201 l56206 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56327 ls1736">1,547</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56328">23</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56329 ls14819">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56234">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56330 ls124">18</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56331">-12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56332">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56333 ls276">2.59%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l3 ls180">Interest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l41801 ls884">Interest </span><span class="pp-class-372 pa t56216 l56202 ls274">swaps </span><span class="pp-class-372 pa t56216 l56203">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56217 ls128">0-10 </span><span class="pp-class-372 pa t56216 l56206 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56334 ls1237">2,410</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56335">89</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56336">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56234">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56337">-8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56338">-6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56339 ls728">78</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56340">64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56341 ls1073">2.03%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l3">Bond </span><span class="pp-class-372 pa t56227 l56228">loans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l41801 ls281">Currency </span><span class="pp-class-372 pa t56227 l56229 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56204"/><span class="pp-class-372 pa t56227 l56205">0-5 </span><span class="pp-class-372 pa t56227 l56206 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56342">995</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56343">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56344">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56234">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56345">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56346">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56280">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56347">NOK/DKK </span><span class="pp-class-372 pa t56227 l56348 ls3036">0.659</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l3">Bond </span><span class="pp-class-372 pa t56239 l56228">loans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l41801 ls110">Cross </span><span class="pp-class-372 pa t56239 l56349 ls281">currency </span><span class="pp-class-372 pa t56239 l56350 ls884">interest </span><span class="pp-class-372 pa t56239 l56351 ls3474">rate </span><span class="pp-class-372 pa t56239 l56352 ls274">swaps </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56268">0-1 </span><span class="pp-class-372 pa t56239 l56241 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56353">265</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56270">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56354">34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56355">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l35136">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56245">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56332">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56356">NOK/DKK </span><span class="pp-class-372 pa t56239 l56357 ls742">0.7637 </span><span class="pp-class-372 pa t56239 l56358">+ </span><span class="pp-class-372 pa t56239 l56359 ls1073">1.09%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l3 ls93">Ferry </span><span class="pp-class-372 pa t56249 l9449 ls254">investments </span><span class="pp-class-372 pa t56249 l14636">and </span><span class="pp-class-372 pa t56249 l56250 ls921">ferry </span><span class="pp-class-372 pa t56249 l56251 ls502">charter</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l41801 ls931">Forward </span><span class="pp-class-372 pa t56249 l56252 ls230">exchange </span><span class="pp-class-372 pa t56249 l56253 ls882">contracts</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56360">0-9 </span><span class="pp-class-372 pa t56249 l56206 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56361">595</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56362">41</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56244">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l9439">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56363">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56346">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56364">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56365 ls278">-10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56262">EUR/USD </span><span class="pp-class-372 pa t56249 l56263 ls1194">1.2674</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56366 l3 ls254">Off-balance </span><span class="pp-class-372 pa t56366 l47089 ls72">sheet </span><span class="pp-class-372 pa t56366 l56367 ls225">contractual </span><span class="pp-class-372 pa t56368 l3 ls287">commitments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56366 l41801 ls931">Forward </span><span class="pp-class-372 pa t56366 l56252 ls230">exchange </span><span class="pp-class-372 pa t56366 l56253 ls978">contracts </span><span class="pp-class-372 pa t56366 l56275">and </span><span class="pp-class-372 pa t56368 l41801 ls281">currency </span><span class="pp-class-372 pa t56368 l56276 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56267"/><span class="pp-class-372 pa t56368 l56268">0-1 </span><span class="pp-class-372 pa t56368 l56241 ls1326">year </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56369 ls88">1,342</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56243">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56370">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l9439">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l35136">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56245">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56371">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56372">EUR/DKK </span><span class="pp-class-372 pa t56368 l56373 ls17070">7.4580</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56374 l3">Other </span><span class="pp-class-373 pa t56374 l38207 ls2548">financial </span><span class="pp-class-373 pa t56374 l32439">hedging</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l3">Commodities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l41801">Commodity </span><span class="pp-class-372 pa t56375 l56266">hedges</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56267"/><span class="pp-class-372 pa t56375 l56268">0-1 </span><span class="pp-class-372 pa t56375 l56241 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56376">128</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56377">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56244">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56378">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l35136">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56245">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56379">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56272 ls4819">N/A</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56380 l3">Sales </span><span class="pp-class-372 pa t56380 l41290">and </span><span class="pp-class-372 pa t56380 l41291">goods </span><span class="pp-class-372 pa t56380 l32019 ls1259">purchased</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56381 l41801 ls931">Forward </span><span class="pp-class-372 pa t56381 l56252 ls230">exchange </span><span class="pp-class-372 pa t56381 l56253 ls978">contracts </span><span class="pp-class-372 pa t56381 l56275">and </span><span class="pp-class-372 pa t56380 l41801 ls281">currency </span><span class="pp-class-372 pa t56380 l56276 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56380 l56268">0-1 </span><span class="pp-class-372 pa t56380 l56241 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56380 l56382 ls88">1,391</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56380 l56243">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56380 l56383 ls302">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56380 l56272 ls4819">N/A</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56385 ls8622">175</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56386">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56387 ls48876">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56388 ls138">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56389 ls278">-24</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56390 ls2143">75</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56391 ls124">78</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56392 l3">In </span><span class="pp-class-372 pa t56392 l34228 ls214">2023, </span><span class="pp-class-372 pa t56392 l56393 ls124">two </span><span class="pp-class-372 pa t56392 l42826 ls884">interest </span><span class="pp-class-372 pa t56392 l43225 ls3474">rate </span><span class="pp-class-372 pa t56392 l56394 ls274">swaps </span><span class="pp-class-372 pa t56392 l56395 ls1237">were </span><span class="pp-class-372 pa t56392 l56396 ls854">settled </span><span class="pp-class-372 pa t56392 l56397">in </span><span class="pp-class-372 pa t56392 l56398 ls68">relation </span><span class="pp-class-372 pa t56392 l56399 ls166">to </span><span class="pp-class-372 pa t56392 l56400">the </span><span class="pp-class-372 pa t56392 l56401">sale </span><span class="pp-class-372 pa t56392 l56402">and </span><span class="pp-class-372 pa t56392 l56403 ls175">leaseback </span><span class="pp-class-372 pa t56392 l56404 ls287">of </span><span class="pp-class-372 pa t56392 l56405 ls110">three </span><span class="pp-class-372 pa t56392 l31799 ls1326">freight </span><span class="pp-class-372 pa t56392 l56406 ls45">ferries. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56407 l3">Due </span><span class="pp-class-372 pa t56407 l19071 ls166">to </span><span class="pp-class-372 pa t56407 l19072 ls128">positive </span><span class="pp-class-372 pa t56407 l34093 ls16">market </span><span class="pp-class-372 pa t56407 l41632 ls138">values </span><span class="pp-class-372 pa t56407 l56408">on </span><span class="pp-class-372 pa t56407 l6883">the </span><span class="pp-class-372 pa t56407 l51538 ls203">swaps, </span><span class="pp-class-372 pa t56407 l56409">a </span><span class="pp-class-372 pa t56407 l41758">gain </span><span class="pp-class-372 pa t56407 l56410 ls287">of </span><span class="pp-class-372 pa t56407 l53845">DKK </span><span class="pp-class-372 pa t56407 l56411">33m </span><span class="pp-class-372 pa t56407 l56412 ls124">was </span><span class="pp-class-372 pa t56407 l56413 ls171">recognised </span><span class="pp-class-372 pa t56407 l56414">in </span><span class="pp-class-372 pa t56407 l56415 ls12">the </span><span class="pp-class-372 pa t56407 l56416 ls12">income </span><span class="pp-class-372 pa t56407 l56417 ls316">statement. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56418 l3">No </span><span class="pp-class-372 pa t56418 l56419 ls72">other </span><span class="pp-class-372 pa t56418 l22729">financial </span><span class="pp-class-372 pa t56418 l56420">hedges </span><span class="pp-class-372 pa t56418 l56421 ls1237">were </span><span class="pp-class-372 pa t56418 l32851">deemed </span><span class="pp-class-372 pa t56418 l56422 ls287">inefficient </span><span class="pp-class-372 pa t56418 l56423">hence </span><span class="pp-class-372 pa t56418 l55171">no </span><span class="pp-class-372 pa t56418 l56424 ls2084">further </span><span class="pp-class-372 pa t56418 l56425">gain </span><span class="pp-class-372 pa t56418 l56426">or </span><span class="pp-class-372 pa t56418 l56427">loss </span><span class="pp-class-372 pa t56418 l56428 ls124">was </span><span class="pp-class-372 pa t56418 l56429 ls171">recognised </span><span class="pp-class-372 pa t56418 l56430 ls12">in </span><span class="pp-class-372 pa t56418 l56431 ls12">the</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56432 l3">income </span><span class="pp-class-372 pa t56432 l18340 ls78">statement </span><span class="pp-class-372 pa t56432 l56433 ls43">for </span><span class="pp-class-372 pa t56432 l30021">hedges </span><span class="pp-class-372 pa t56432 l38630 ls1166">qualifying </span><span class="pp-class-372 pa t56432 l56434 ls43">for </span><span class="pp-class-372 pa t56432 l56435">hedge </span><span class="pp-class-372 pa t56432 l56436 ls72">accounting.</span></p></div></div><div id="pp-id-5241" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h56438 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.2 </span><span class="pp-class-370 pa t21055 l43638 ls182">Information </span><span class="pp-class-370 pa t21055 l56439">on </span><span class="pp-class-370 pa t21055 l56440 ls986">financial </span><span class="pp-class-370 pa t21055 l56441 ls907">instruments</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3 ls2548">Carrying </span><span class="pp-class-373 pa t42308 l42889 ls907">amount </span><span class="pp-class-373 pa t42308 l48787">per </span><span class="pp-class-373 pa t42308 l56443 ls704">category </span><span class="pp-class-373 pa t42308 l4251">of </span><span class="pp-class-373 pa t42308 l6640 ls2548">financial </span><span class="pp-class-373 pa t42308 l40483 ls287">instruments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3">Financial </span><span class="pp-class-372 pa t43125 l2916 ls175">assets </span><span class="pp-class-372 pa t43125 l55733 ls1259">measured </span><span class="pp-class-372 pa t43125 l56444 ls2835">at </span><span class="pp-class-372 pa t43125 l56445 ls1005">fair </span><span class="pp-class-372 pa t43125 l56446 ls16">value:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t22670 l29575 ls1955">related </span><span class="pp-class-372 pa t22670 l56447 ls166">to </span><span class="pp-class-372 pa t22670 l29851 ls110">operating </span><span class="pp-class-372 pa t22670 l10869 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l55925">88</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l48650">56</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t43136 l29575 ls1955">related </span><span class="pp-class-372 pa t43136 l56447 ls166">to </span><span class="pp-class-372 pa t43136 l29851 ls225">interest-bearing </span><span class="pp-class-372 pa t43136 l51633 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l53989 ls3688">77</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l56448">119</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l3">Financial </span><span class="pp-class-372 pa t43142 l2916 ls175">assets </span><span class="pp-class-372 pa t43142 l55733 ls1259">measured </span><span class="pp-class-372 pa t43142 l56444 ls2835">at </span><span class="pp-class-372 pa t43142 l56445 ls2554">amortised </span><span class="pp-class-372 pa t43142 l56449">cost:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l3 ls14077">Trade </span><span class="pp-class-372 pa t19778 l42817 ls81">receivables, </span><span class="pp-class-372 pa t19778 l56450 ls134">receivables </span><span class="pp-class-372 pa t19778 l56451 ls931">from </span><span class="pp-class-372 pa t19778 l40556 ls128">associates </span><span class="pp-class-372 pa t19778 l56452">and </span><span class="pp-class-372 pa t19778 l56453 ls907">joint </span><span class="pp-class-372 pa t19778 l56454 ls203">ventures, </span><span class="pp-class-372 pa t19782 l3 ls72">other </span><span class="pp-class-372 pa t19782 l56455 ls134">receivables </span><span class="pp-class-372 pa t19782 l17037">and </span><span class="pp-class-372 pa t19782 l16709">cash</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19782 l56456 ls3241">6,084</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19782 l56457 ls3241">5,039</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56458 l3">Financial </span><span class="pp-class-372 pa t56458 l2916 ls175">assets </span><span class="pp-class-372 pa t56458 l55733 ls1259">measured </span><span class="pp-class-372 pa t56458 l56444 ls2835">at </span><span class="pp-class-372 pa t56458 l56445 ls1005">fair </span><span class="pp-class-372 pa t56458 l56446 ls16">value </span><span class="pp-class-372 pa t56458 l56459 ls671">through </span><span class="pp-class-372 pa t56458 l56460 ls225">profit </span><span class="pp-class-372 pa t56458 l56461">or </span><span class="pp-class-372 pa t56458 l56462">loss:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l3">Securities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l3 ls2459">Total </span><span class="pp-class-373 pa t56464 l29712 ls2548">financial </span><span class="pp-class-373 pa t56464 l55861 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l50427 ls658">6,251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l56465 ls1733">5,215</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56466 l3">Financial </span><span class="pp-class-372 pa t56466 l2916">liabilities </span><span class="pp-class-372 pa t56466 l56467 ls1259">measured </span><span class="pp-class-372 pa t56466 l56468 ls2835">at </span><span class="pp-class-372 pa t56466 l56469 ls1005">fair </span><span class="pp-class-372 pa t56466 l56470 ls16">value:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56471 l29575 ls1955">related </span><span class="pp-class-372 pa t56471 l56447 ls166">to </span><span class="pp-class-372 pa t56471 l29851 ls110">operating </span><span class="pp-class-372 pa t56471 l10869 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l54027">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l56472 ls124">18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56473 l29575 ls1955">related </span><span class="pp-class-372 pa t56473 l56447 ls166">to </span><span class="pp-class-372 pa t56473 l29851 ls225">interest-bearing </span><span class="pp-class-372 pa t56473 l51633 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l50204">139</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l56474 ls3688">77</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56475 l3">Financial </span><span class="pp-class-372 pa t56475 l2916">liabilities </span><span class="pp-class-372 pa t56475 l56467 ls1259">measured </span><span class="pp-class-372 pa t56475 l56468 ls2835">at </span><span class="pp-class-372 pa t56475 l56469 ls2554">amortised </span><span class="pp-class-372 pa t56475 l56476">cost:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56477 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t56477 l42787">liabilities, </span><span class="pp-class-372 pa t56477 l56478 ls1955">trade </span><span class="pp-class-372 pa t56477 l56479 ls168">payables, </span><span class="pp-class-372 pa t56477 l56480 ls110">payables </span><span class="pp-class-372 pa t56477 l35340 ls166">to </span><span class="pp-class-372 pa t56477 l56481 ls128">associates </span><span class="pp-class-372 pa t56482 l3">and </span><span class="pp-class-372 pa t56482 l4247 ls907">joint </span><span class="pp-class-372 pa t56482 l56483 ls203">ventures, </span><span class="pp-class-372 pa t56482 l56484">and </span><span class="pp-class-372 pa t56482 l56485 ls72">other </span><span class="pp-class-372 pa t56482 l56486 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56482 l56487 ls2760">23,013</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56482 l56488 ls4487">18,974</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l3 ls2459">Total </span><span class="pp-class-373 pa t56489 l29712 ls2548">financial </span><span class="pp-class-373 pa t56489 l55861">liabilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l56490 ls225">23,156</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l56491 ls646">19,069</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t56492 l3 ls1243">Hierarchy </span><span class="pp-class-383 pa t56492 l56493 ls1080">of </span><span class="pp-class-383 pa t56492 l56494 ls1126">financial </span><span class="pp-class-383 pa t56492 l56495 ls806">instruments </span><span class="pp-class-383 pa t56492 l56496 ls53">measured </span><span class="pp-class-383 pa t56492 l56497 ls3435">at </span><span class="pp-class-383 pa t56492 l56498 ls1237">fair </span><span class="pp-class-383 pa t56492 l55458 ls1243">value</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56499 l3 ls858">The </span><span class="pp-class-382 pa t56499 l16631 ls1118">table </span><span class="pp-class-382 pa t56499 l56500 ls2142">below </span><span class="pp-class-382 pa t56499 l56501 ls2851">ranks </span><span class="pp-class-382 pa t56499 l56502 ls1073">financial </span><span class="pp-class-382 pa t56499 l56503 ls806">instruments </span><span class="pp-class-382 pa t56499 l17188 ls1237">carried </span><span class="pp-class-382 pa t56499 l56504 ls1083">at </span><span class="pp-class-382 pa t56499 l56505 ls3278">fair </span><span class="pp-class-382 pa t56499 l20840 ls1083">value </span><span class="pp-class-382 pa t56499 l56506 ls2784">by </span><span class="pp-class-382 pa t56499 l56507 ls828">valuation </span><span class="pp-class-382 pa t56499 l56508 ls3474">method. </span><span class="pp-class-382 pa t56499 l56509 ls1099">The </span><span class="pp-class-382 pa t56499 l56510 ls4305">different </span><span class="pp-class-382 pa t56499 l56511 ls2531">levels </span><span class="pp-class-382 pa t56499 l56512 ls3377">have </span><span class="pp-class-382 pa t56513 l3 ls1323">been </span><span class="pp-class-382 pa t56513 l43769 ls1305">defined </span><span class="pp-class-382 pa t56513 l56514 ls1080">as </span><span class="pp-class-382 pa t56513 l13284 ls1463">follows:</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56515 l1007 ls646">Level </span><span class="pp-class-382 pa t56515 l56516 ls1080">1: </span><span class="pp-class-382 pa t56515 l56517 ls53">Quoted </span><span class="pp-class-382 pa t56515 l56518 ls2486">prices </span><span class="pp-class-382 pa t56515 l56519 ls1080">in </span><span class="pp-class-382 pa t56515 l1848 ls1080">an </span><span class="pp-class-382 pa t56515 l56520 ls2149">active </span><span class="pp-class-382 pa t56515 l56521 ls3623">market </span><span class="pp-class-382 pa t56515 l56522 ls3278">for </span><span class="pp-class-382 pa t56515 l56523 ls1319">identical </span><span class="pp-class-382 pa t56515 l56524 ls1323">type </span><span class="pp-class-382 pa t56515 l56525 ls103">of </span><span class="pp-class-382 pa t56515 l56526 ls1305">instrument, </span><span class="pp-class-382 pa t56515 l56527 ls960">i.e. </span><span class="pp-class-382 pa t56515 l56528 ls1237">without </span><span class="pp-class-382 pa t56515 l56529 ls2486">change </span><span class="pp-class-382 pa t56515 l56530 ls1080">in </span><span class="pp-class-382 pa t56515 l56531 ls3278">form </span><span class="pp-class-382 pa t56515 l56532 ls1080">or </span><span class="pp-class-382 pa t56515 l25154 ls1099">con-</span><span class="pp-class-382 pa t56533 l1007 ls3474">tent </span><span class="pp-class-382 pa t56533 l56534 ls2842">(modification </span><span class="pp-class-382 pa t56533 l43591 ls1080">or </span><span class="pp-class-382 pa t56533 l56535 ls864">repackaging).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56536 l1007 ls646">Level </span><span class="pp-class-382 pa t56536 l56516 ls1080">2: </span><span class="pp-class-382 pa t56536 l56537 ls53">Quoted </span><span class="pp-class-382 pa t56536 l56538 ls2486">prices </span><span class="pp-class-382 pa t56536 l56539 ls1080">in </span><span class="pp-class-382 pa t56536 l56540 ls1080">an </span><span class="pp-class-382 pa t56536 l10624 ls2149">active </span><span class="pp-class-382 pa t56536 l56541 ls3623">market </span><span class="pp-class-382 pa t56536 l56542 ls3278">for </span><span class="pp-class-382 pa t56536 l56543 ls1237">similar </span><span class="pp-class-382 pa t56536 l56544 ls238">assets </span><span class="pp-class-382 pa t56536 l56545 ls1080">or </span><span class="pp-class-382 pa t56536 l56546 ls1118">liabilities </span><span class="pp-class-382 pa t56536 l56547 ls1080">or </span><span class="pp-class-382 pa t56536 l56548 ls296">other </span><span class="pp-class-382 pa t56536 l56549 ls828">valuation </span><span class="pp-class-382 pa t56536 l56550 ls3474">methods </span><span class="pp-class-382 pa t56536 l56551 ls728">where </span><span class="pp-class-382 pa t56552 l1007 ls1099">all </span><span class="pp-class-382 pa t56552 l56553 ls2142">material </span><span class="pp-class-382 pa t56552 l56554 ls1759">input </span><span class="pp-class-382 pa t56552 l56555 ls1080">is </span><span class="pp-class-382 pa t56552 l56556 ls1759">based </span><span class="pp-class-382 pa t56552 l56557 ls1080">on </span><span class="pp-class-382 pa t56552 l56558 ls3474">observable </span><span class="pp-class-382 pa t56552 l56559 ls3623">market </span><span class="pp-class-382 pa t56552 l56560 ls1237">data.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56561 l1592 ls646">Level </span><span class="pp-class-382 pa t56561 l10896 ls1080">3: </span><span class="pp-class-382 pa t56561 l56562 ls7858">Valuation </span><span class="pp-class-382 pa t56561 l19272 ls3474">methods </span><span class="pp-class-382 pa t56561 l56563 ls2784">where </span><span class="pp-class-382 pa t56561 l56564 ls2694">possible </span><span class="pp-class-382 pa t56561 l56565 ls2142">material </span><span class="pp-class-382 pa t56561 l56566 ls1759">input </span><span class="pp-class-382 pa t56561 l56567 ls1080">is </span><span class="pp-class-382 pa t56561 l56568 ls830">not </span><span class="pp-class-382 pa t56561 l56569 ls1759">based </span><span class="pp-class-382 pa t56561 l56570 ls1080">on </span><span class="pp-class-382 pa t56561 l56571 ls3474">observable </span><span class="pp-class-382 pa t56561 l56572 ls3623">market </span><span class="pp-class-382 pa t56561 l56573 ls1237">data.</span></p></div></div><div id="pp-id-5242" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span><span class="pp-class-372 pa t328 l56574"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56575 ls1323">Level </span><span class="pp-class-373 pa t43218 l56576">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56577 ls1323">Level </span><span class="pp-class-373 pa t43218 l52866">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56578 ls1323">Level </span><span class="pp-class-373 pa t43218 l56579">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t43223 l29575">financial </span><span class="pp-class-372 pa t43223 l56580 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l54346 ls278">165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l3">Securities, </span><span class="pp-class-372 pa t3097 l3250">financial </span><span class="pp-class-372 pa t3097 l56581 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56582 l29575">financial </span><span class="pp-class-372 pa t56582 l56580">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l56583 ls2835">143</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l3 ls813">Net </span><span class="pp-class-373 pa t56584 l43299 ls2220">asset/(liability)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l56585">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l55925">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l47088">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l46689">2023 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56575 ls1323">Level </span><span class="pp-class-373 pa t56587 l56576">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56577 ls1323">Level </span><span class="pp-class-373 pa t56587 l52866">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56578 ls1323">Level </span><span class="pp-class-373 pa t56587 l56579">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56588 l29575">financial </span><span class="pp-class-372 pa t56588 l56580 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l56589 ls18759">175</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l3">Securities, </span><span class="pp-class-372 pa t56590 l3250">financial </span><span class="pp-class-372 pa t56590 l56581 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56591 l29575">financial </span><span class="pp-class-372 pa t56591 l56580">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l53310">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l3 ls813">Net </span><span class="pp-class-373 pa t56592 l43299 ls2220">asset/(liability)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l56585">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l50646">80</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l47088">2</span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t56593 l3 ls4279">Derivative </span><span class="pp-class-382 pa t56593 l56594 ls1073">financial </span><span class="pp-class-382 pa t56593 l56595 ls238">assets </span><span class="pp-class-382 pa t56593 l18559 ls858">and </span><span class="pp-class-382 pa t56593 l10072 ls1118">liabilities </span><span class="pp-class-382 pa t56593 l56596 ls800">are </span><span class="pp-class-382 pa t56593 l47575 ls1099">all </span><span class="pp-class-382 pa t56593 l56597 ls8853">measured </span><span class="pp-class-382 pa t56593 l56598 ls1083">at </span><span class="pp-class-382 pa t56593 l51636 ls646">level </span><span class="pp-class-382 pa t56593 l56599 ls1080">2. </span><span class="pp-class-382 pa t56593 l49802 ls2944">Reference </span><span class="pp-class-382 pa t56593 l56600 ls1080">is </span><span class="pp-class-382 pa t56593 l56601 ls1772">made </span><span class="pp-class-382 pa t56593 l56602 ls1759">to </span><span class="pp-class-382 pa t56593 l56603 ls1859">note </span><span class="pp-class-382 pa t56593 l44351 ls1099">4.1 </span><span class="pp-class-382 pa t56593 l56604 ls99">for </span><span class="pp-class-382 pa t56605 l3 ls4275">description </span><span class="pp-class-382 pa t56605 l747 ls103">of </span><span class="pp-class-382 pa t56605 l5854 ls858">the </span><span class="pp-class-382 pa t56605 l56606 ls828">valuation </span><span class="pp-class-382 pa t56605 l56607 ls238">method.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56608 l3 ls14077">Transfers </span><span class="pp-class-382 pa t56608 l56609 ls1244">between </span><span class="pp-class-382 pa t56608 l56610 ls2531">levels </span><span class="pp-class-382 pa t56608 l56611 ls103">of </span><span class="pp-class-382 pa t56608 l56612 ls858">the </span><span class="pp-class-382 pa t56608 l56613 ls3278">fair </span><span class="pp-class-382 pa t56608 l56614 ls1083">value </span><span class="pp-class-382 pa t56608 l51520 ls2459">hierarchy </span><span class="pp-class-382 pa t56608 l56615 ls800">are </span><span class="pp-class-382 pa t56608 l56616 ls2970">considered </span><span class="pp-class-382 pa t56608 l56617 ls1759">to </span><span class="pp-class-382 pa t56608 l56618 ls185">have </span><span class="pp-class-382 pa t56608 l56619 ls8853">occurred </span><span class="pp-class-382 pa t56608 l47278 ls1083">at </span><span class="pp-class-382 pa t56608 l44191 ls1099">the </span><span class="pp-class-382 pa t56608 l56620 ls852">date </span><span class="pp-class-382 pa t56608 l56621 ls103">of </span><span class="pp-class-382 pa t56608 l56622 ls1099">the </span><span class="pp-class-382 pa t56608 l56623 ls9967">event </span><span class="pp-class-382 pa t56608 l56624 ls278">or </span><span class="pp-class-382 pa t56625 l3 ls2486">change </span><span class="pp-class-382 pa t56625 l55217 ls1080">in </span><span class="pp-class-382 pa t56625 l56626 ls2970">circumstances </span><span class="pp-class-382 pa t56625 l31431 ls6360">that </span><span class="pp-class-382 pa t56625 l32156 ls238">caused </span><span class="pp-class-382 pa t56625 l56627 ls1099">the </span><span class="pp-class-382 pa t56625 l56628 ls4765">transfer. </span><span class="pp-class-382 pa t56625 l56629 ls2784">There </span><span class="pp-class-382 pa t56625 l56630 ls2848">were </span><span class="pp-class-382 pa t56625 l56631 ls1080">no </span><span class="pp-class-382 pa t56625 l56632 ls2784">transfers </span><span class="pp-class-382 pa t56625 l56633 ls1244">between </span><span class="pp-class-382 pa t56625 l56634 ls1099">the </span><span class="pp-class-382 pa t56625 l56635 ls2531">levels </span><span class="pp-class-382 pa t56625 l56636 ls1080">in </span><span class="pp-class-382 pa t56625 l56637 ls1099">the </span><span class="pp-class-382 pa t56625 l56638 ls3278">fair </span><span class="pp-class-382 pa t56625 l56639 ls5039">value </span><span class="pp-class-382 pa t56640 l3 ls2459">hierarchy </span><span class="pp-class-382 pa t56640 l15721 ls1080">in </span><span class="pp-class-382 pa t56640 l56641 ls1150">2024 </span><span class="pp-class-382 pa t56640 l56642 ls2486">(2023: </span><span class="pp-class-382 pa t56640 l56643 ls1080">No </span><span class="pp-class-382 pa t56640 l56644 ls1243">transfers).</span></p></div></div><div id="pp-id-5118" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls1759 wtro3159 wtr1293 tro3160 tr1294">Restated </span><span class="pp-class-376 pa t3433 l56132 ls3572 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-376 pa t3433 l56133 ls931 wtro3159 wtr1293 tro3160 tr1294">changes </span><span class="pp-class-376 pa t3433 l56134 ls128 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-376 pa t3439 l3 ls1733 wtro3159 wtr1293 tro3160 tr1294">accounting </span><span class="pp-class-376 pa t3439 l41418 ls2955 wtro3159 wtr1293 tro3160 tr1294">policy, </span><span class="pp-class-376 pa t3439 l56135 ls53 wtro3159 wtr1293 tro3160 tr1294">refer </span><span class="pp-class-376 pa t3445 l3 ls2835 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-376 pa t3445 l56136 ls3572 wtro3159 wtr1293 tro3160 tr1294">note </span><span class="pp-class-376 pa t3445 l56137 ls182 wtro3159 wtr1293 tro3160 tr1294">1.2.</span></p></div></div><div class="pp-class-10" id="pp-id-5245" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.2 </span><span class="pp-class-370 pa t21055 l43638 ls182">Information </span><span class="pp-class-370 pa t21055 l56439">on </span><span class="pp-class-370 pa t21055 l56440 ls986">financial </span><span class="pp-class-370 pa t21055 l56441 ls105">instruments </span><span class="pp-class-371 pa t21055 l56646 ls155">(continued)</span></p><div id="pp-id-5244"><div class="pp-class-363 pp-class-395" id="pp-id-5243"><div class="w37231 h56647 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2138">Derivative </span><span class="pp-class-383 pa t30083 l56648 ls1126">financial </span><span class="pp-class-383 pa t30083 l47429 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4279">Derivative </span><span class="pp-class-382 pa t30087 l56594 ls1073">financial </span><span class="pp-class-382 pa t30087 l56595 ls806">instruments </span><span class="pp-class-382 pa t30087 l56649 ls800">are </span><span class="pp-class-382 pa t30087 l56650 ls8853">measured </span><span class="pp-class-382 pa t30087 l55437 ls1080">in </span><span class="pp-class-382 pa t30087 l56651 ls1099">the </span><span class="pp-class-382 pa t30087 l56652 ls1237">balance </span><span class="pp-class-382 pa t30087 l56653 ls296">sheet </span><span class="pp-class-382 pa t30087 l56654 ls1083">at </span><span class="pp-class-382 pa t30087 l56655 ls3278">fair </span><span class="pp-class-382 pa t30087 l56656 ls1083">value </span><span class="pp-class-382 pa t30087 l56657 ls1080">as </span><span class="pp-class-382 pa t30087 l54792 ls1243">from </span><span class="pp-class-382 pa t30087 l56658 ls858">the </span><span class="pp-class-382 pa t30087 l56659 ls1859">date </span><span class="pp-class-382 pa t30093 l3 ls2784">where </span><span class="pp-class-382 pa t30093 l3267 ls858">the </span><span class="pp-class-382 pa t30093 l13688 ls4279">derivative </span><span class="pp-class-382 pa t30093 l56660 ls1073">financial </span><span class="pp-class-382 pa t30093 l56661 ls806">instrument </span><span class="pp-class-382 pa t30093 l56662 ls1080">is </span><span class="pp-class-382 pa t30093 l56663 ls3474">concluded. </span><span class="pp-class-382 pa t30093 l56664 ls1099">The </span><span class="pp-class-382 pa t30093 l56665 ls3278">fair </span><span class="pp-class-382 pa t30093 l37923 ls1150">values </span><span class="pp-class-382 pa t30093 l56666 ls103">of </span><span class="pp-class-382 pa t30093 l56667 ls7694">derivatives </span><span class="pp-class-382 pa t30093 l56668 ls1323">financial </span><span class="pp-class-382 pa t30098 l3 ls806">instruments </span><span class="pp-class-382 pa t30098 l45776 ls800">are </span><span class="pp-class-382 pa t30098 l24500 ls852">presented </span><span class="pp-class-382 pa t30098 l3195 ls1080">as </span><span class="pp-class-382 pa t30098 l56669 ls4279">derivative </span><span class="pp-class-382 pa t30098 l56670 ls1073">financial </span><span class="pp-class-382 pa t30098 l56671 ls806">instruments </span><span class="pp-class-382 pa t30098 l56672 ls1759">under </span><span class="pp-class-382 pa t30098 l56673 ls238">assets </span><span class="pp-class-382 pa t30098 l56674 ls1080">if </span><span class="pp-class-382 pa t30098 l56675 ls2088">positive </span><span class="pp-class-382 pa t30098 l56676 ls1080">or </span><span class="pp-class-382 pa t30098 l56677 ls1080">under </span><span class="pp-class-382 pa t30105 l3 ls1118">liabilities </span><span class="pp-class-382 pa t30105 l44406 ls1080">if </span><span class="pp-class-382 pa t30105 l56678 ls1463">negative. </span><span class="pp-class-382 pa t30105 l56679 ls960">Netting </span><span class="pp-class-382 pa t30105 l56680 ls103">of </span><span class="pp-class-382 pa t30105 l56681 ls2088">positive </span><span class="pp-class-382 pa t30105 l56682 ls858">and </span><span class="pp-class-382 pa t30105 l56683 ls2944">negative </span><span class="pp-class-382 pa t30105 l56684 ls4279">derivative </span><span class="pp-class-382 pa t30105 l56685 ls1073">financial </span><span class="pp-class-382 pa t30105 l56686 ls806">instruments </span><span class="pp-class-382 pa t30105 l56687 ls1080">is </span><span class="pp-class-382 pa t30105 l56688 ls4305">only </span><span class="pp-class-382 pa t30110 l3 ls1321">performed </span><span class="pp-class-382 pa t30110 l56689 ls1080">if </span><span class="pp-class-382 pa t30110 l3898 ls858">the </span><span class="pp-class-382 pa t30110 l56690 ls2784">Group </span><span class="pp-class-382 pa t30110 l56691 ls1080">is </span><span class="pp-class-382 pa t30110 l56692 ls830">entitled </span><span class="pp-class-382 pa t30110 l56693 ls1759">to </span><span class="pp-class-382 pa t30110 l56694 ls858">and </span><span class="pp-class-382 pa t30110 l56695 ls858">has </span><span class="pp-class-382 pa t30110 l56696 ls858">the </span><span class="pp-class-382 pa t30110 l56697 ls1321">intention </span><span class="pp-class-382 pa t30110 l56698 ls1759">to </span><span class="pp-class-382 pa t30110 l56699 ls1244">settle </span><span class="pp-class-382 pa t30110 l56700 ls858">the </span><span class="pp-class-382 pa t30110 l56701 ls4279">derivative </span><span class="pp-class-382 pa t30110 l56702 ls1323">financial </span><span class="pp-class-382 pa t37915 l3 ls806">instruments </span><span class="pp-class-382 pa t37915 l45776 ls1080">as </span><span class="pp-class-382 pa t37915 l56703 ls302">a </span><span class="pp-class-382 pa t37915 l56704 ls1323">net. </span><span class="pp-class-382 pa t37915 l50467 ls1772">Fair </span><span class="pp-class-382 pa t37915 l56705 ls1150">values </span><span class="pp-class-382 pa t37915 l56706 ls103">of </span><span class="pp-class-382 pa t37915 l51422 ls4279">derivative </span><span class="pp-class-382 pa t37915 l56707 ls1073">financial </span><span class="pp-class-382 pa t37915 l56708 ls806">instruments </span><span class="pp-class-382 pa t37915 l56709 ls800">are </span><span class="pp-class-382 pa t37915 l49204 ls296">computed </span><span class="pp-class-382 pa t37915 l56710 ls1080">on </span><span class="pp-class-382 pa t37915 l56711 ls1099">the </span><span class="pp-class-382 pa t37915 l56712 ls1759">basis </span><span class="pp-class-382 pa t37915 l56713 ls134">of </span><span class="pp-class-382 pa t37930 l3 ls852">current </span><span class="pp-class-382 pa t37930 l46050 ls3623">market </span><span class="pp-class-382 pa t37930 l34319 ls852">data </span><span class="pp-class-382 pa t37930 l56714 ls1099">and </span><span class="pp-class-382 pa t37930 l56715 ls4396">generally </span><span class="pp-class-382 pa t37930 l11415 ls2142">accepted </span><span class="pp-class-382 pa t37930 l56716 ls828">valuation </span><span class="pp-class-382 pa t37930 l56717 ls3474">methods.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls1237">Fair </span><span class="pp-class-383 pa t49646 l56718 ls2784">value </span><span class="pp-class-383 pa t49646 l56719 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls1237" xmlns="http://www.w3.org/1999/xhtml">Changes </span><span class="pp-class-382 pa t37943 l46658 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37943 l54608 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37943 l53288 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37943 l56720 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37943 l56721 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37943 l56722 ls1073" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t37943 l56723 ls806" xmlns="http://www.w3.org/1999/xhtml">instruments </span><span class="pp-class-382 pa t37943 l56724 ls803" xmlns="http://www.w3.org/1999/xhtml">designated </span><span class="pp-class-382 pa t37943 l49729 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l47066 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37943 l56725 ls1759" xmlns="http://www.w3.org/1999/xhtml">qualifying </span><span class="pp-class-382 pa t37943 l56726 ls3278" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t37943 l56727 ls2142" xmlns="http://www.w3.org/1999/xhtml">recognition </span><span class="pp-class-382 pa t37943 l56728 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l56729 ls12" xmlns="http://www.w3.org/1999/xhtml">a </span><span class="pp-class-382 pa t37948 l3 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37948 l56730 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37948 l30730 ls1759" xmlns="http://www.w3.org/1999/xhtml">hedge </span><span class="pp-class-382 pa t37948 l56731 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37948 l45792 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56732 ls238" xmlns="http://www.w3.org/1999/xhtml">assets </span><span class="pp-class-382 pa t37948 l56733 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37948 l56734 ls1118" xmlns="http://www.w3.org/1999/xhtml">liabilities </span><span class="pp-class-382 pa t37948 l56735 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t37948 l49728 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56736 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37948 l56737 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37948 l56738 ls2486" xmlns="http://www.w3.org/1999/xhtml">income </span><span class="pp-class-382 pa t37948 l56739 ls1150" xmlns="http://www.w3.org/1999/xhtml">statement </span><span class="pp-class-382 pa t37948 l56740 ls819" xmlns="http://www.w3.org/1999/xhtml">together </span><span class="pp-class-382 pa t37961 l3 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t37961 l10466 ls1237" xmlns="http://www.w3.org/1999/xhtml">changes </span><span class="pp-class-382 pa t37961 l30963 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37961 l38976 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56741 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37961 l56742 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37961 l18570 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l4129 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56743 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t37961 l56744 ls1080" xmlns="http://www.w3.org/1999/xhtml">or </span><span class="pp-class-382 pa t37961 l56745 ls1073" xmlns="http://www.w3.org/1999/xhtml">liability </span><span class="pp-class-382 pa t37961 l56746 ls1759" xmlns="http://www.w3.org/1999/xhtml">based </span><span class="pp-class-382 pa t37961 l56747 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t37961 l56748 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56749 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56750 ls3278" xmlns="http://www.w3.org/1999/xhtml">proportion. </span><span class="pp-class-382 pa t37961 l56751 ls1237">Hedging </span><span class="pp-class-382 pa t37961 l56752 ls134">of </span><span class="pp-class-382 pa t37974 l3 ls1083">future </span><span class="pp-class-382 pa t37974 l34026 ls1323">cash </span><span class="pp-class-382 pa t37974 l33487 ls2784">flows </span><span class="pp-class-382 pa t37974 l56753 ls6007">according </span><span class="pp-class-382 pa t37974 l56754 ls1759">to </span><span class="pp-class-382 pa t37974 l56755 ls6007">agreements </span><span class="pp-class-382 pa t37974 l45145 ls1759">(firm </span><span class="pp-class-382 pa t37974 l56756 ls2489">commitments), </span><span class="pp-class-382 pa t37974 l56757 ls3382">except </span><span class="pp-class-382 pa t37974 l56758 ls3278">for </span><span class="pp-class-382 pa t37974 l56759 ls1463">foreign </span><span class="pp-class-382 pa t37974 l56760 ls3377">currency </span><span class="pp-class-382 pa t37974 l56761 ls1099">hedges, </span><span class="pp-class-382 pa t49077 l3 ls1080">is </span><span class="pp-class-382 pa t49077 l46558 ls3458">treated </span><span class="pp-class-382 pa t49077 l56762 ls1080">as </span><span class="pp-class-382 pa t49077 l56763 ls302">a </span><span class="pp-class-382 pa t49077 l56764 ls3278">fair </span><span class="pp-class-382 pa t49077 l56765 ls1083">value </span><span class="pp-class-382 pa t49077 l56766 ls1759">hedge </span><span class="pp-class-382 pa t49077 l16536 ls103">of </span><span class="pp-class-382 pa t49077 l56767 ls302">a </span><span class="pp-class-382 pa t49077 l56768 ls2970">recognised </span><span class="pp-class-382 pa t49077 l56769 ls296">asset </span><span class="pp-class-382 pa t49077 l36990 ls1099">and </span><span class="pp-class-382 pa t49077 l56770 ls185">liability.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls1323">Cash </span><span class="pp-class-383 pa t37977 l45507 ls2944">flow </span><span class="pp-class-383 pa t37977 l56771 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls103">Changes </span><span class="pp-class-382 pa t36901 l56772 ls2482">in </span><span class="pp-class-382 pa t36901 l56773 ls1955">the </span><span class="pp-class-382 pa t36901 l250 ls276">fair </span><span class="pp-class-382 pa t36901 l56774 ls5039">value </span><span class="pp-class-382 pa t36901 l56775 ls2835">of </span><span class="pp-class-382 pa t36901 l18339 ls3572">financial </span><span class="pp-class-382 pa t36901 l56776 ls56">instruments </span><span class="pp-class-382 pa t36901 l56777 ls1319">designated </span><span class="pp-class-382 pa t36901 l56778 ls2482">as </span><span class="pp-class-382 pa t36901 l46236 ls1955">and </span><span class="pp-class-382 pa t36901 l56779 ls85">qualifying </span><span class="pp-class-382 pa t36901 l56780 ls1237">for </span><span class="pp-class-382 pa t36901 l56781 ls1344">cash </span><span class="pp-class-382 pa t36901 l56782 ls1772">flow </span><span class="pp-class-382 pa t36901 l56783 ls1955">hedging </span><span class="pp-class-382 pa t36903 l3 ls1955">and </span><span class="pp-class-382 pa t36903 l56784 ls1080">which </span><span class="pp-class-382 pa t36903 l10920 ls2760">effectively </span><span class="pp-class-382 pa t36903 l56785 ls1080">hedge </span><span class="pp-class-382 pa t36903 l56786 ls103">changes </span><span class="pp-class-382 pa t36903 l17115 ls2482">in </span><span class="pp-class-382 pa t36903 l56787 ls2113">future </span><span class="pp-class-382 pa t36903 l56788 ls1344">cash </span><span class="pp-class-382 pa t36903 l56789 ls2113">flows, </span><span class="pp-class-382 pa t36903 l56790 ls1974">are </span><span class="pp-class-382 pa t36903 l56791 ls3474">recognised </span><span class="pp-class-382 pa t36903 l56792 ls2482">in </span><span class="pp-class-382 pa t36903 l56793 ls58">other </span><span class="pp-class-382 pa t36903 l56794 ls1772">comprehensive </span><span class="pp-class-382 pa t36916 l3 ls869">income. </span><span class="pp-class-382 pa t36916 l31834 ls1955">The </span><span class="pp-class-382 pa t36916 l56795 ls3566">change </span><span class="pp-class-382 pa t36916 l16336 ls2482">in </span><span class="pp-class-382 pa t36916 l56796 ls276">fair </span><span class="pp-class-382 pa t36916 l53013 ls5039">value </span><span class="pp-class-382 pa t36916 l56797 ls4275">that </span><span class="pp-class-382 pa t36916 l53348 ls4305">relates </span><span class="pp-class-382 pa t36916 l56798 ls103">to </span><span class="pp-class-382 pa t36916 l56799 ls1955">the </span><span class="pp-class-382 pa t36916 l56800 ls2088">effective </span><span class="pp-class-382 pa t36916 l45826 ls658">portion </span><span class="pp-class-382 pa t36916 l56801 ls2835">of </span><span class="pp-class-382 pa t36916 l56802 ls1955">the </span><span class="pp-class-382 pa t36916 l54629 ls1344">cash </span><span class="pp-class-382 pa t36916 l56803 ls1772">flow </span><span class="pp-class-382 pa t36916 l56804 ls1080">hedge </span><span class="pp-class-382 pa t36916 l56805 ls254">is </span><span class="pp-class-382 pa t36920 l3 ls3474">recognised </span><span class="pp-class-382 pa t36920 l56806 ls2482">as </span><span class="pp-class-382 pa t36920 l16615 ls16">a </span><span class="pp-class-382 pa t36920 l56690 ls1974">separate </span><span class="pp-class-382 pa t36920 l56807 ls3566">equity </span><span class="pp-class-382 pa t36920 l56808 ls728">reserve </span><span class="pp-class-382 pa t36920 l56809 ls1110">until </span><span class="pp-class-382 pa t36920 l56810 ls1955">the </span><span class="pp-class-382 pa t36920 l56811 ls3566">hedged </span><span class="pp-class-382 pa t36920 l51591 ls1344">cash </span><span class="pp-class-382 pa t36920 l56812 ls1772">flow </span><span class="pp-class-382 pa t36920 l56813 ls1118">impacts </span><span class="pp-class-382 pa t36920 l56814 ls1955">the </span><span class="pp-class-382 pa t36920 l56815 ls3566">income </span><span class="pp-class-382 pa t36920 l56816 ls276">statement. </span><span class="pp-class-382 pa t36928 l3 ls2769">At </span><span class="pp-class-382 pa t36928 l56817 ls1344">this </span><span class="pp-class-382 pa t36928 l56818 ls1110">point </span><span class="pp-class-382 pa t36928 l17453 ls2482">in </span><span class="pp-class-382 pa t36928 l44018 ls1344">time </span><span class="pp-class-382 pa t36928 l50753 ls1955">the </span><span class="pp-class-382 pa t36928 l56819 ls4305">related </span><span class="pp-class-382 pa t36928 l56820 ls1080">gains </span><span class="pp-class-382 pa t36928 l56821 ls2482">or </span><span class="pp-class-382 pa t36928 l56822 ls3566">losses </span><span class="pp-class-382 pa t36928 l56823 ls7096">previously </span><span class="pp-class-382 pa t36928 l56824 ls3474">recognised </span><span class="pp-class-382 pa t36928 l56825 ls2482">in </span><span class="pp-class-382 pa t36928 l56826 ls58">other </span><span class="pp-class-382 pa t36928 l56827 ls2113">comprehensive </span><span class="pp-class-382 pa t36928 l56828 ls2835">income </span><span class="pp-class-382 pa t38016 l3 ls1974">are </span><span class="pp-class-382 pa t38016 l56829 ls6007">transferred </span><span class="pp-class-382 pa t38016 l56830 ls103">to </span><span class="pp-class-382 pa t38016 l32572 ls1955">the </span><span class="pp-class-382 pa t38016 l52521 ls3566">income </span><span class="pp-class-382 pa t38016 l56831 ls3278">statement </span><span class="pp-class-382 pa t38016 l56832 ls1323">into </span><span class="pp-class-382 pa t38016 l56833 ls1955">the </span><span class="pp-class-382 pa t38016 l13649 ls1344">same </span><span class="pp-class-382 pa t38016 l56834 ls1344">line </span><span class="pp-class-382 pa t38016 l56835 ls1123">item </span><span class="pp-class-382 pa t38016 l56836 ls2482">as </span><span class="pp-class-382 pa t38016 l56837 ls1955">the </span><span class="pp-class-382 pa t38016 l56838 ls3566">hedged </span><span class="pp-class-382 pa t38016 l56839 ls1123">item </span><span class="pp-class-382 pa t38016 l56840 ls2482">is </span><span class="pp-class-382 pa t38016 l56841 ls1305">recognised. </span><span class="pp-class-382 pa t49235 l3 ls14073">However, </span><span class="pp-class-382 pa t49235 l56842 ls1344">when </span><span class="pp-class-382 pa t49235 l56843 ls1955">the </span><span class="pp-class-382 pa t49235 l30618 ls3105">forecast </span><span class="pp-class-382 pa t49235 l51090 ls2088">transaction </span><span class="pp-class-382 pa t49235 l56844 ls4275">that </span><span class="pp-class-382 pa t49235 l36927 ls2482">is </span><span class="pp-class-382 pa t49235 l56845 ls3566">hedged </span><span class="pp-class-382 pa t49235 l56846 ls8853">results </span><span class="pp-class-382 pa t49235 l56847 ls2482">in </span><span class="pp-class-382 pa t49235 l56848 ls1955">the </span><span class="pp-class-382 pa t49235 l56849 ls296">recognition </span><span class="pp-class-382 pa t49235 l56850 ls2835">of </span><span class="pp-class-382 pa t49235 l53021 ls16">a </span><span class="pp-class-382 pa t49235 l56851 ls1065">non-financial </span><span class="pp-class-382 pa t38021 l3 ls3566">asset, </span><span class="pp-class-382 pa t38021 l38025 ls1955">the </span><span class="pp-class-382 pa t38021 l56852 ls1080">gains </span><span class="pp-class-382 pa t38021 l56853 ls2482">or </span><span class="pp-class-382 pa t38021 l56854 ls3566">losses </span><span class="pp-class-382 pa t38021 l14180 ls7096">previously </span><span class="pp-class-382 pa t38021 l56855 ls3474">recognised </span><span class="pp-class-382 pa t38021 l56856 ls2482">in </span><span class="pp-class-382 pa t38021 l56857 ls58">other </span><span class="pp-class-382 pa t38021 l56858 ls2113">comprehensive </span><span class="pp-class-382 pa t38021 l56859 ls3566">income </span><span class="pp-class-382 pa t38021 l56860 ls1974">are </span><span class="pp-class-382 pa t38021 l25310 ls6007">transferred </span><span class="pp-class-382 pa t38021 l56861 ls1772">from </span><span class="pp-class-382 pa t38024 l3 ls3566">equity </span><span class="pp-class-382 pa t38024 l45246 ls1955">and </span><span class="pp-class-382 pa t38024 l53339 ls99">included </span><span class="pp-class-382 pa t38024 l56862 ls2482">in </span><span class="pp-class-382 pa t38024 l16248 ls1955">the </span><span class="pp-class-382 pa t38024 l56863 ls103">initial </span><span class="pp-class-382 pa t38024 l56864 ls4275">measurement </span><span class="pp-class-382 pa t38024 l56865 ls2835">of </span><span class="pp-class-382 pa t38024 l56866 ls1955">the </span><span class="pp-class-382 pa t38024 l56867 ls1344">cost </span><span class="pp-class-382 pa t38024 l56868 ls2835">of </span><span class="pp-class-382 pa t38024 l56869 ls1955">the </span><span class="pp-class-382 pa t38024 l56870 ls3566">non-financial </span><span class="pp-class-382 pa t38024 l56871 ls3566">asset. </span><span class="pp-class-382 pa t38024 l56872 ls1077">For </span><span class="pp-class-382 pa t38024 l56873 ls6360">derivative </span><span class="pp-class-382 pa t38039 l3 ls3572">financial </span><span class="pp-class-382 pa t38039 l56874 ls56">instruments </span><span class="pp-class-382 pa t38039 l56875 ls4275">that </span><span class="pp-class-382 pa t38039 l56876 ls2482">no </span><span class="pp-class-382 pa t38039 l56877 ls3566">longer </span><span class="pp-class-382 pa t38039 l56878 ls214">qualify </span><span class="pp-class-382 pa t38039 l35069 ls1237">for </span><span class="pp-class-382 pa t38039 l56879 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56880 ls187">accounting, </span><span class="pp-class-382 pa t38039 l55935 ls1955">the </span><span class="pp-class-382 pa t38039 l56881 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56882 ls2482">is </span><span class="pp-class-382 pa t38039 l56883 ls2854">dissolved </span><span class="pp-class-382 pa t49735 l3 ls10900">prospectively. </span><span class="pp-class-382 pa t49735 l56884 ls1955">The </span><span class="pp-class-382 pa t49735 l56885 ls1772">accumulated </span><span class="pp-class-382 pa t49735 l56886 ls276">fair </span><span class="pp-class-382 pa t49735 l56887 ls5039">value </span><span class="pp-class-382 pa t49735 l56888 ls2482">in </span><span class="pp-class-382 pa t49735 l56889 ls3566">equity </span><span class="pp-class-382 pa t49735 l56890 ls2482">is </span><span class="pp-class-382 pa t49735 l56891 ls2127">immediately </span><span class="pp-class-382 pa t49735 l56892 ls6007">transferred </span><span class="pp-class-382 pa t49735 l56893 ls103">to </span><span class="pp-class-382 pa t49735 l56894 ls1955">the </span><span class="pp-class-382 pa t49735 l56895 ls2835">income </span><span class="pp-class-382 pa t49748 l3 ls3278">statement </span><span class="pp-class-382 pa t49748 l56896 ls1323">into </span><span class="pp-class-382 pa t49748 l56897 ls1955">the </span><span class="pp-class-382 pa t49748 l56898 ls1344">same </span><span class="pp-class-382 pa t49748 l32537 ls1344">line </span><span class="pp-class-382 pa t49748 l56899 ls1123">item </span><span class="pp-class-382 pa t49748 l56900 ls2482">as </span><span class="pp-class-382 pa t49748 l56901 ls1955">the </span><span class="pp-class-382 pa t49748 l56902 ls3566">hedged </span><span class="pp-class-382 pa t49748 l56903 ls1123">item </span><span class="pp-class-382 pa t49748 l47460 ls2482">is </span><span class="pp-class-382 pa t49748 l56904 ls3474">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t51196 l3 ls1759">Other </span><span class="pp-class-383 pa t51196 l49181 ls1126">financial </span><span class="pp-class-383 pa t51196 l56905 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1772">For </span><span class="pp-class-382 pa t49777 l44017 ls1073">financial </span><span class="pp-class-382 pa t49777 l56906 ls806">instruments </span><span class="pp-class-382 pa t49777 l56907 ls6360">that </span><span class="pp-class-382 pa t49777 l56908 ls1080">do </span><span class="pp-class-382 pa t49777 l56909 ls830">not </span><span class="pp-class-382 pa t49777 l56910 ls2842">fulfil </span><span class="pp-class-382 pa t49777 l56911 ls858">the </span><span class="pp-class-382 pa t49777 l56912 ls2688">requirements </span><span class="pp-class-382 pa t49777 l56913 ls103">of </span><span class="pp-class-382 pa t49777 l56914 ls1759">being </span><span class="pp-class-382 pa t49777 l56915 ls3458">treated </span><span class="pp-class-382 pa t49777 l56916 ls1080">as </span><span class="pp-class-382 pa t49777 l56917 ls1759">hedge </span><span class="pp-class-382 pa t49777 l56918 ls1941">instruments, </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1237">changes </span><span class="pp-class-382 pa t49792 l56919 ls1080">in </span><span class="pp-class-382 pa t49792 l29583 ls3278">fair </span><span class="pp-class-382 pa t49792 l56920 ls1083">value </span><span class="pp-class-382 pa t49792 l56921 ls800">are </span><span class="pp-class-382 pa t49792 l56922 ls2970">recognised </span><span class="pp-class-382 pa t49792 l56923 ls1080">in </span><span class="pp-class-382 pa t49792 l34249 ls858">the </span><span class="pp-class-382 pa t49792 l2583 ls2486">Income </span><span class="pp-class-382 pa t49792 l56924 ls1150">statement </span><span class="pp-class-382 pa t49792 l56925 ls1080">as </span><span class="pp-class-382 pa t49792 l56926 ls1073">financial </span><span class="pp-class-382 pa t49792 l56927 ls2486">income </span><span class="pp-class-382 pa t49792 l56928 ls858">and </span><span class="pp-class-382 pa t49792 l56929 ls1733">cost.</span></p></div></div></div></div></div> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t46012 l3 ls7855">Bunker </span><span class="pp-class-383 pa t46012 l55064 ls1759">price </span><span class="pp-class-383 pa t46012 l31695 ls858">risk</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t46023 l3 ls858">The </span><span class="pp-class-382 pa t46023 l16631 ls5069">fluctuations </span><span class="pp-class-382 pa t46023 l55065 ls1080">in </span><span class="pp-class-382 pa t46023 l55066 ls1099">the </span><span class="pp-class-382 pa t46023 l55067 ls5069">bunker </span><span class="pp-class-382 pa t46023 l55068 ls1759">price </span><span class="pp-class-382 pa t46023 l55069 ls1759">which </span><span class="pp-class-382 pa t46023 l55070 ls1080">is </span><span class="pp-class-382 pa t46023 l55071 ls728">denominated </span><span class="pp-class-382 pa t46023 l55072 ls1080">in </span><span class="pp-class-382 pa t46023 l55073 ls1099">USD </span><span class="pp-class-382 pa t46023 l55074 ls238">constitute </span><span class="pp-class-382 pa t46023 l55075 ls302">a </span><span class="pp-class-382 pa t46023 l55076 ls806">significant </span><span class="pp-class-382 pa t46023 l55077 ls1323">risk </span><span class="pp-class-382 pa t46023 l55078 ls3278">for </span><span class="pp-class-382 pa t46023 l55079 ls1323">DFDS.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55080 l3 ls1080">In </span><span class="pp-class-382 pa t55080 l43891 ls858">the </span><span class="pp-class-382 pa t55080 l43987 ls852">freight </span><span class="pp-class-382 pa t55080 l55081 ls1099">industry </span><span class="pp-class-382 pa t55080 l55082 ls1080">it </span><span class="pp-class-382 pa t55080 l55083 ls1080">is </span><span class="pp-class-382 pa t55080 l55084 ls1759">customary </span><span class="pp-class-382 pa t55080 l17415 ls1759">to </span><span class="pp-class-382 pa t55080 l55085 ls1323">pass </span><span class="pp-class-382 pa t55080 l55086 ls1150">through </span><span class="pp-class-382 pa t55080 l55087 ls1099">the </span><span class="pp-class-382 pa t55080 l55088 ls1323">risk </span><span class="pp-class-382 pa t55080 l55089 ls103">of </span><span class="pp-class-382 pa t55080 l55090 ls5069">fluctuations </span><span class="pp-class-382 pa t55080 l55091 ls1080">in </span><span class="pp-class-382 pa t55080 l55092 ls858">the </span><span class="pp-class-382 pa t55080 l55093 ls5069">bunker </span><span class="pp-class-382 pa t55080 l55094 ls1759">price </span><span class="pp-class-382 pa t55080 l55095 ls1099">and </span><span class="pp-class-382 pa t55080 l55096 ls302">the </span><span class="pp-class-382 pa t46035 l3 ls2889">corresponding </span><span class="pp-class-382 pa t46035 l38017 ls3377">currency </span><span class="pp-class-382 pa t46035 l45276 ls3435">exchange </span><span class="pp-class-382 pa t46035 l55097 ls3216">rate </span><span class="pp-class-382 pa t46035 l55098 ls1323">risk </span><span class="pp-class-382 pa t46035 l55099 ls1759">to </span><span class="pp-class-382 pa t46035 l55100 ls852">freight </span><span class="pp-class-382 pa t46035 l55101 ls296">customers </span><span class="pp-class-382 pa t46035 l55102 ls858">via </span><span class="pp-class-382 pa t46035 l55103 ls302">a </span><span class="pp-class-382 pa t46035 l55104 ls5069">bunker </span><span class="pp-class-382 pa t46035 l55105 ls53">adjustment </span><span class="pp-class-382 pa t46035 l55106 ls2760">factor </span><span class="pp-class-382 pa t46035 l55107 ls1772">(BAF). </span><span class="pp-class-382 pa t46035 l55108 ls1080">In </span><span class="pp-class-382 pa t46035 l55109 ls302">the </span><span class="pp-class-382 pa t46049 l3 ls1073">passenger </span><span class="pp-class-382 pa t46049 l52329 ls2401">industry, </span><span class="pp-class-382 pa t46049 l29879 ls5069">fluctuations </span><span class="pp-class-382 pa t46049 l55110 ls1080">in </span><span class="pp-class-382 pa t46049 l50022 ls1099">the </span><span class="pp-class-382 pa t46049 l55111 ls1323">cost </span><span class="pp-class-382 pa t46049 l55112 ls103">of </span><span class="pp-class-382 pa t46049 l55113 ls5069">bunker </span><span class="pp-class-382 pa t46049 l55114 ls800">are </span><span class="pp-class-382 pa t46049 l55115 ls1243">reflected </span><span class="pp-class-382 pa t46049 l55116 ls1080">in </span><span class="pp-class-382 pa t46049 l55117 ls858">the </span><span class="pp-class-382 pa t46049 l50685 ls3623">ticket </span><span class="pp-class-382 pa t46049 l55118 ls1759">price </span><span class="pp-class-382 pa t46049 l55119 ls1759">to </span><span class="pp-class-382 pa t46049 l55120 ls858">the </span><span class="pp-class-382 pa t46049 l55121 ls2688">extent </span><span class="pp-class-382 pa t46049 l55122 ls1818">possible.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55123 l3 ls55124">To </span><span class="pp-class-382 pa t55123 l55125 ls1083">reduce </span><span class="pp-class-382 pa t55123 l55126 ls3435">exposure </span><span class="pp-class-382 pa t55123 l55127 ls1759">to </span><span class="pp-class-382 pa t55123 l55128 ls5069">bunker </span><span class="pp-class-382 pa t55123 l55129 ls858">and </span><span class="pp-class-382 pa t55123 l44705 ls3377">currency </span><span class="pp-class-382 pa t55123 l55130 ls1759">risk, </span><span class="pp-class-382 pa t55123 l55131 ls1742">approximately </span><span class="pp-class-382 pa t55123 l55132 ls1099">94% </span><span class="pp-class-382 pa t55123 l55133 ls1323">(93% </span><span class="pp-class-382 pa t55123 l55134 ls1080">in </span><span class="pp-class-382 pa t55123 l55135 ls1759">2023) </span><span class="pp-class-382 pa t55123 l20471 ls103">of </span><span class="pp-class-382 pa t55123 l55136 ls1759">DFDS’ </span><span class="pp-class-382 pa t55123 l55137 ls4275">consumption </span><span class="pp-class-382 pa t55123 l55138 ls296">was </span><span class="pp-class-382 pa t46064 l3 ls2143">covered </span><span class="pp-class-382 pa t46064 l55139 ls2784">by </span><span class="pp-class-382 pa t46064 l34120 ls1772">BAF </span><span class="pp-class-382 pa t46064 l55140 ls960">agreements. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55141 l3 ls1080">As </span><span class="pp-class-382 pa t55141 l50750 ls858">the </span><span class="pp-class-382 pa t55141 l55142 ls1772">BAF </span><span class="pp-class-382 pa t55141 l47596 ls1080">is </span><span class="pp-class-382 pa t55141 l55143 ls1759">based </span><span class="pp-class-382 pa t55141 l31671 ls1080">on </span><span class="pp-class-382 pa t55141 l55144 ls1150">low </span><span class="pp-class-382 pa t55141 l54782 ls1237">sulphur </span><span class="pp-class-382 pa t55141 l55145 ls1323">fuel </span><span class="pp-class-382 pa t55141 l55146 ls2486">prices </span><span class="pp-class-382 pa t55141 l55147 ls1759">while </span><span class="pp-class-382 pa t55141 l55148 ls1323">some </span><span class="pp-class-382 pa t55141 l55149 ls2489">ferries </span><span class="pp-class-382 pa t55141 l55150 ls185">have </span><span class="pp-class-382 pa t55141 l55151 ls1073">scrubbers </span><span class="pp-class-382 pa t55141 l55152 ls238">installed, </span><span class="pp-class-382 pa t55141 l55153 ls858">and </span><span class="pp-class-382 pa t55141 l55154 ls1323">thus </span><span class="pp-class-382 pa t55141 l55155 ls858">use </span><span class="pp-class-382 pa t55141 l55156 ls1955">high </span><span class="pp-class-382 pa t46088 l3 ls1237">sulphur </span><span class="pp-class-382 pa t46088 l29825 ls2486">fuels, </span><span class="pp-class-382 pa t46088 l18177 ls858">the </span><span class="pp-class-382 pa t46088 l51604 ls2784">Group </span><span class="pp-class-382 pa t46088 l50899 ls1080">is </span><span class="pp-class-382 pa t46088 l15059 ls3474">subject </span><span class="pp-class-382 pa t46088 l55157 ls1759">to </span><span class="pp-class-382 pa t46088 l55158 ls302">a </span><span class="pp-class-382 pa t46088 l55159 ls2531">spread </span><span class="pp-class-382 pa t46088 l55160 ls1323">risk </span><span class="pp-class-382 pa t46088 l55161 ls1244">between </span><span class="pp-class-382 pa t46088 l55162 ls1759">these </span><span class="pp-class-382 pa t46088 l54572 ls1323">fuel </span><span class="pp-class-382 pa t46088 l55163 ls1759">types.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55164 l3 ls858">The </span><span class="pp-class-382 pa t55164 l16631 ls1323">risk </span><span class="pp-class-382 pa t55164 l18679 ls1080">in </span><span class="pp-class-382 pa t55164 l55165 ls2531">relation </span><span class="pp-class-382 pa t55164 l46631 ls1759">to </span><span class="pp-class-382 pa t55164 l55166 ls858">the </span><span class="pp-class-382 pa t55164 l2424 ls2531">spread </span><span class="pp-class-382 pa t55164 l55167 ls1244">between </span><span class="pp-class-382 pa t55164 l55168 ls1323">high </span><span class="pp-class-382 pa t55164 l55169 ls1237">sulphur </span><span class="pp-class-382 pa t55164 l55170 ls1099">and </span><span class="pp-class-382 pa t55164 l55171 ls1150">low </span><span class="pp-class-382 pa t55164 l55172 ls1237">sulphur </span><span class="pp-class-382 pa t55164 l55173 ls1323">fuel </span><span class="pp-class-382 pa t55164 l55174 ls1080">is </span><span class="pp-class-382 pa t55164 l55175 ls2854">partly </span><span class="pp-class-382 pa t55164 l55176 ls2486">hedged </span><span class="pp-class-382 pa t55164 l55177 ls1759">using </span><span class="pp-class-382 pa t55164 l55178 ls1323">commodity </span><span class="pp-class-382 pa t46106 l3 ls2760">swaps. </span><span class="pp-class-382 pa t46106 l55179 ls1080">In </span><span class="pp-class-382 pa t46106 l36855 ls852">accordance </span><span class="pp-class-382 pa t46106 l55180 ls1323">with </span><span class="pp-class-382 pa t46106 l55181 ls858">the </span><span class="pp-class-382 pa t46106 l52150 ls1323">DFDS </span><span class="pp-class-382 pa t46106 l55182 ls1073">Financial </span><span class="pp-class-382 pa t46106 l55183 ls3036">Policy, </span><span class="pp-class-382 pa t46106 l55184 ls858">the </span><span class="pp-class-382 pa t46106 l55185 ls830">net </span><span class="pp-class-382 pa t46106 l55186 ls5069">bunker </span><span class="pp-class-382 pa t46106 l55187 ls3435">exposure </span><span class="pp-class-382 pa t46106 l55188 ls858">can </span><span class="pp-class-382 pa t46106 l55189 ls1080">be </span><span class="pp-class-382 pa t46106 l55190 ls2486">hedged </span><span class="pp-class-382 pa t46106 l55191 ls1080">up </span><span class="pp-class-382 pa t46106 l55192 ls1759">to </span><span class="pp-class-382 pa t46106 l55193 ls1772">100% </span><span class="pp-class-382 pa t46106 l55194 ls99">for </span><span class="pp-class-382 pa t46121 l3 ls858">the </span><span class="pp-class-382 pa t46121 l43824 ls4299">following </span><span class="pp-class-382 pa t46121 l23641 ls3278">four </span><span class="pp-class-382 pa t46121 l42577 ls866">quarters, </span><span class="pp-class-382 pa t46121 l6295 ls858">and </span><span class="pp-class-382 pa t46121 l55195 ls1080">up </span><span class="pp-class-382 pa t46121 l52917 ls1759">to </span><span class="pp-class-382 pa t46121 l17685 ls858">50% </span><span class="pp-class-382 pa t46121 l55196 ls3278">for </span><span class="pp-class-382 pa t46121 l55197 ls1099">the </span><span class="pp-class-382 pa t46121 l55198 ls869">fifth </span><span class="pp-class-382 pa t46121 l55199 ls858">and </span><span class="pp-class-382 pa t46121 l55200 ls1759">sixth </span><span class="pp-class-382 pa t46121 l55201 ls1323">quarters </span><span class="pp-class-382 pa t46121 l55202 ls1772">ahead.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t46146 l3 ls5039">Interest </span><span class="pp-class-383 pa t46146 l55203 ls715">rate </span><span class="pp-class-383 pa t46146 l51314 ls858">risk</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55204 l3 ls16">DFDS </span><span class="pp-class-382 pa t55204 l55205 ls278">is </span><span class="pp-class-382 pa t55204 l55206 ls1323">primarily </span><span class="pp-class-382 pa t55204 l31680 ls56">exposed </span><span class="pp-class-382 pa t55204 l55207 ls302">to </span><span class="pp-class-382 pa t55204 l17469 ls866">interest </span><span class="pp-class-382 pa t55204 l55208 ls7694">rate </span><span class="pp-class-382 pa t55204 l55209 ls16">risk </span><span class="pp-class-382 pa t55204 l55210 ls56">through </span><span class="pp-class-382 pa t55204 l55211 ls124">funding. </span><span class="pp-class-382 pa t55204 l55212 ls1077">According </span><span class="pp-class-382 pa t55204 l55213 ls302">to </span><span class="pp-class-382 pa t55204 l55214 ls39">DFDS’ </span><span class="pp-class-382 pa t55204 l55215 ls124">Financial </span><span class="pp-class-382 pa t55204 l55216 ls2486">Policy </span><span class="pp-class-382 pa t55204 l44084 ls332">the </span><span class="pp-class-382 pa t46150 l3 ls866">interest </span><span class="pp-class-382 pa t46150 l55217 ls7694">rate </span><span class="pp-class-382 pa t46150 l55218 ls278">on </span><span class="pp-class-382 pa t46150 l55219 ls830">more </span><span class="pp-class-382 pa t46150 l55220 ls16">than </span><span class="pp-class-382 pa t46150 l55221 ls884">40% </span><span class="pp-class-382 pa t46150 l44380 ls134">of </span><span class="pp-class-382 pa t46150 l55222 ls884">the </span><span class="pp-class-382 pa t46150 l55223 ls16">loan </span><span class="pp-class-382 pa t46150 l49083 ls230">portfolio </span><span class="pp-class-382 pa t46150 l55224 ls882">including </span><span class="pp-class-382 pa t46150 l55225 ls124">long-term </span><span class="pp-class-382 pa t46150 l55226 ls81">charter </span><span class="pp-class-382 pa t46150 l55227 ls1224">agreements </span><span class="pp-class-382 pa t46150 l55228 ls16">must </span><span class="pp-class-382 pa t46150 l55229 ls278">be </span><span class="pp-class-382 pa t46150 l55230 ls1257">fixed </span><span class="pp-class-382 pa t46166 l3 ls16">with </span><span class="pp-class-382 pa t46166 l48190 ls332">a </span><span class="pp-class-382 pa t46166 l55231 ls1309">weighted </span><span class="pp-class-382 pa t46166 l55232 ls3377">average </span><span class="pp-class-382 pa t46166 l55233 ls830">duration </span><span class="pp-class-382 pa t46166 l53151 ls134">of </span><span class="pp-class-382 pa t46166 l55234 ls78">9-36 </span><span class="pp-class-382 pa t46166 l55235 ls68">months. </span><span class="pp-class-382 pa t46166 l55236 ls16">DFDS </span><span class="pp-class-382 pa t46166 l55237 ls274">enters </span><span class="pp-class-382 pa t46166 l55238 ls88">into </span><span class="pp-class-382 pa t46166 l55239 ls866">interest </span><span class="pp-class-382 pa t46166 l55240 ls7694">rate </span><span class="pp-class-382 pa t46166 l55241 ls1271">swaps </span><span class="pp-class-382 pa t46166 l55242 ls884">and </span><span class="pp-class-382 pa t46166 l55243 ls16">caps </span><span class="pp-class-382 pa t46166 l55244 ls302">to </span><span class="pp-class-382 pa t46166 l55245 ls2486">comply </span><span class="pp-class-382 pa t46179 l3 ls16">with </span><span class="pp-class-382 pa t46179 l48190 ls16">this </span><span class="pp-class-382 pa t46179 l55246 ls7096">policy. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55247 l3 ls858">The </span><span class="pp-class-382 pa t55247 l16631 ls2889">total </span><span class="pp-class-382 pa t55247 l53387 ls830">net </span><span class="pp-class-382 pa t55247 l55248 ls2784">interest-bearing </span><span class="pp-class-382 pa t55247 l36858 ls806">debt </span><span class="pp-class-382 pa t55247 l55249 ls658">(including </span><span class="pp-class-382 pa t55247 l16521 ls3278">fair </span><span class="pp-class-382 pa t55247 l13680 ls1150">values </span><span class="pp-class-382 pa t55247 l55250 ls103">of </span><span class="pp-class-382 pa t55247 l41637 ls4279">derivative </span><span class="pp-class-382 pa t55247 l55251 ls1073">financial </span><span class="pp-class-382 pa t55247 l55252 ls806">instruments </span><span class="pp-class-382 pa t55247 l55253 ls3458">related </span><span class="pp-class-382 pa t55247 l55254 ls1759">to </span><span class="pp-class-382 pa t55247 l55255 ls4652">interest-</span><span class="pp-class-382 pa t55256 l3 ls1237">bearing </span><span class="pp-class-382 pa t55256 l52371 ls2142">activities) </span><span class="pp-class-382 pa t55256 l55257 ls1118">amounts </span><span class="pp-class-382 pa t55256 l55258 ls1759">to </span><span class="pp-class-382 pa t55256 l55259 ls858">DKK </span><span class="pp-class-382 pa t55256 l55260 ls12450">17,204m </span><span class="pp-class-382 pa t55256 l55261 ls1083">at </span><span class="pp-class-382 pa t55256 l55262 ls960">year </span><span class="pp-class-382 pa t55256 l55263 ls858">end </span><span class="pp-class-382 pa t55256 l55264 ls1150">2024 </span><span class="pp-class-382 pa t55256 l55265 ls2486">(2023: </span><span class="pp-class-382 pa t55256 l55266 ls1099">DKK </span><span class="pp-class-382 pa t55256 l55267 ls11245">14,449m). </span><span class="pp-class-382 pa t55256 l55268 ls858">The </span><span class="pp-class-382 pa t55256 l53695 ls1015">Group’s </span><span class="pp-class-382 pa t55256 l55269 ls2889">total </span><span class="pp-class-382 pa t55256 l55270 ls4652">interest-</span><span class="pp-class-382 pa t55271 l3 ls1237">bearing </span><span class="pp-class-382 pa t55271 l52371 ls806">debt </span><span class="pp-class-382 pa t55271 l3638 ls1974">primarily </span><span class="pp-class-382 pa t55271 l23627 ls2694">consists </span><span class="pp-class-382 pa t55271 l55272 ls103">of </span><span class="pp-class-382 pa t55271 l17513 ls2854">partly </span><span class="pp-class-382 pa t55271 l55273 ls1150">secured </span><span class="pp-class-382 pa t55271 l55274 ls1083">credit </span><span class="pp-class-382 pa t55271 l55275 ls2088">facilities, </span><span class="pp-class-382 pa t55271 l55276 ls960">unsecured </span><span class="pp-class-382 pa t55271 l55277 ls3377">corporate </span><span class="pp-class-382 pa t55271 l55278 ls1759">bonds </span><span class="pp-class-382 pa t55271 l55279 ls858">and </span><span class="pp-class-382 pa t55271 l55280 ls866">mortgages </span><span class="pp-class-382 pa t55281 l3 ls1323">with </span><span class="pp-class-382 pa t55281 l10466 ls2694">security </span><span class="pp-class-382 pa t55281 l55282 ls1080">in </span><span class="pp-class-382 pa t55281 l55283 ls2489">ferries </span><span class="pp-class-382 pa t55281 l55284 ls858">and </span><span class="pp-class-382 pa t55281 l55285 ls296">other </span><span class="pp-class-382 pa t55281 l55286 ls2486">ships. </span><span class="pp-class-382 pa t55281 l55287 ls858">The </span><span class="pp-class-382 pa t55281 l43518 ls806">debt </span><span class="pp-class-382 pa t55281 l55288 ls53">portfolio </span><span class="pp-class-382 pa t55281 l55289 ls1772">had </span><span class="pp-class-382 pa t55281 l55290 ls1080">an </span><span class="pp-class-382 pa t55281 l55291 ls2796">average </span><span class="pp-class-382 pa t55281 l55292 ls1323">time </span><span class="pp-class-382 pa t55281 l55293 ls1759">to </span><span class="pp-class-382 pa t55281 l55294 ls1101">maturity </span><span class="pp-class-382 pa t55281 l55295 ls103">of </span><span class="pp-class-382 pa t55281 l55296 ls14019">3.4 </span><span class="pp-class-382 pa t55281 l55297 ls2142">years </span><span class="pp-class-382 pa t55281 l55298 ls1110">(2023: </span><span class="pp-class-382 pa t55299 l3 ls8012">4.0 </span><span class="pp-class-382 pa t55299 l55300 ls3477">years). </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55301 l3 ls1080">In </span><span class="pp-class-382 pa t55301 l43891 ls852">accordance </span><span class="pp-class-382 pa t55301 l55302 ls1323">with </span><span class="pp-class-382 pa t55301 l44567 ls858">the </span><span class="pp-class-382 pa t55301 l55303 ls1073">Financial </span><span class="pp-class-382 pa t55301 l55304 ls3036">Policy, </span><span class="pp-class-382 pa t55301 l55305 ls2784">interest </span><span class="pp-class-382 pa t55301 l55306 ls3216">rate </span><span class="pp-class-382 pa t55301 l20546 ls7855">swaps </span><span class="pp-class-382 pa t55301 l55307 ls1099">and </span><span class="pp-class-382 pa t55301 l20815 ls1323">caps </span><span class="pp-class-382 pa t55301 l55308 ls1323">with </span><span class="pp-class-382 pa t55301 l55309 ls302">a </span><span class="pp-class-382 pa t55301 l55310 ls1073">principal </span><span class="pp-class-382 pa t55301 l55311 ls1073">amount </span><span class="pp-class-382 pa t55301 l55312 ls103">of </span><span class="pp-class-382 pa t55301 l55313 ls1099">DKK </span><span class="pp-class-382 pa t55301 l55314 ls6498">4,817m </span><span class="pp-class-382 pa t55315 l3 ls2486">(2023: </span><span class="pp-class-382 pa t55315 l50782 ls1099">DKK </span><span class="pp-class-382 pa t55315 l4225 ls1237">4,222m) </span><span class="pp-class-382 pa t55315 l52530 ls185">have </span><span class="pp-class-382 pa t55315 l11714 ls1323">been </span><span class="pp-class-382 pa t55315 l55316 ls3474">established </span><span class="pp-class-382 pa t55315 l55317 ls1759">to </span><span class="pp-class-382 pa t55315 l55318 ls1083">reduce </span><span class="pp-class-382 pa t55315 l55319 ls2784">interest </span><span class="pp-class-382 pa t55315 l55320 ls3216">rate </span><span class="pp-class-382 pa t55315 l55321 ls1759">risk. </span><span class="pp-class-382 pa t55315 l55322 ls858">The </span><span class="pp-class-382 pa t55315 l55323 ls2784">share </span><span class="pp-class-382 pa t55315 l55324 ls103">of </span><span class="pp-class-382 pa t55315 l55325 ls3630">fixed-rate </span><span class="pp-class-382 pa t55315 l55326 ls806">debt </span><span class="pp-class-382 pa t55315 l55327 ls276">including </span><span class="pp-class-382 pa t55328 l3 ls2784">interest </span><span class="pp-class-382 pa t55328 l52315 ls3216">rate </span><span class="pp-class-382 pa t55328 l30799 ls7694">derivatives </span><span class="pp-class-382 pa t55328 l18592 ls1150">was </span><span class="pp-class-382 pa t55328 l55329 ls858">42% </span><span class="pp-class-382 pa t55328 l29168 ls1083">at </span><span class="pp-class-382 pa t55328 l55330 ls2760">year-end </span><span class="pp-class-382 pa t55328 l55331 ls1150">2024 </span><span class="pp-class-382 pa t55328 l55332 ls2486">(2023: </span><span class="pp-class-382 pa t55328 l55333 ls1759">48%). </span><span class="pp-class-382 pa t55328 l55334 ls3474">Including </span><span class="pp-class-382 pa t55328 l55335 ls1323">long </span><span class="pp-class-382 pa t55328 l55336 ls1073">term </span><span class="pp-class-382 pa t55328 l55337 ls99">charter </span><span class="pp-class-382 pa t55328 l55338 ls852">agreements, </span><span class="pp-class-382 pa t55328 l55339 ls302">the </span><span class="pp-class-382 pa t55340 l3 ls2784">share </span><span class="pp-class-382 pa t55340 l55341 ls103">of </span><span class="pp-class-382 pa t55340 l55342 ls3630">fixed-rate </span><span class="pp-class-382 pa t55340 l55343 ls806">debt </span><span class="pp-class-382 pa t55340 l55344 ls1080">is </span><span class="pp-class-382 pa t55340 l55345 ls23129">47% </span><span class="pp-class-382 pa t55340 l27058 ls2486">(2023: </span><span class="pp-class-382 pa t55340 l3832 ls1759">56%). </span><span class="pp-class-382 pa t55340 l55346 ls858">The </span><span class="pp-class-382 pa t55340 l29691 ls2531">duration </span><span class="pp-class-382 pa t55340 l55347 ls103">of </span><span class="pp-class-382 pa t55340 l55348 ls1099">the </span><span class="pp-class-382 pa t55340 l55349 ls1015">Group’s </span><span class="pp-class-382 pa t55340 l55350 ls806">debt </span><span class="pp-class-382 pa t55340 l55351 ls53">portfolio </span><span class="pp-class-382 pa t55340 l37973 ls658">(including </span><span class="pp-class-382 pa t55340 l55352 ls5558">charter </span><span class="pp-class-382 pa t55353 l3 ls1818">liabilities) </span><span class="pp-class-382 pa t55353 l55354 ls1150">was </span><span class="pp-class-382 pa t55353 l55355 ls7096">1.3 </span><span class="pp-class-382 pa t55353 l55356 ls2142">years </span><span class="pp-class-382 pa t55353 l55357 ls2486">(2023: </span><span class="pp-class-382 pa t55353 l55358 ls55359">1.7 </span><span class="pp-class-382 pa t55353 l55360 ls1974">years).</span></p><div id="pp-id-5234" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3">An </span><span class="pp-class-382 pa t328 l55361 ls1259">increase </span><span class="pp-class-382 pa t328 l55362">in </span><span class="pp-class-382 pa t328 l34270">the </span><span class="pp-class-382 pa t328 l55363 ls884">interest </span><span class="pp-class-382 pa t328 l55364 ls3474">rate </span><span class="pp-class-382 pa t328 l55365 ls287">of </span><span class="pp-class-382 pa t328 l55366 ls287">1%-point </span><span class="pp-class-382 pa t328 l55367 ls1259">compared </span><span class="pp-class-382 pa t328 l55368 ls166">to </span><span class="pp-class-382 pa t328 l55369">the </span><span class="pp-class-382 pa t328 l55370 ls332">actual </span><span class="pp-class-382 pa t328 l55371 ls884">interest </span><span class="pp-class-382 pa t328 l20883 ls1323">rates </span><span class="pp-class-382 pa t328 l55372 ls12">in </span><span class="pp-class-382 pa t328 l55373 ls16">2024 </span><span class="pp-class-382 pa t328 l55374 ls78">would </span><span class="pp-class-382 pa t328 l55375 ls99">have </span><span class="pp-class-382 pa t30568 l3 ls241">increased </span><span class="pp-class-382 pa t30568 l55376 ls150">net </span><span class="pp-class-382 pa t30568 l29358 ls884">interest </span><span class="pp-class-382 pa t30568 l55377 ls254">payments </span><span class="pp-class-382 pa t30568 l55378 ls96">including </span><span class="pp-class-382 pa t30568 l50828">hedging </span><span class="pp-class-382 pa t30568 l55379 ls1955">by </span><span class="pp-class-382 pa t30568 l55380">DKK </span><span class="pp-class-382 pa t30568 l55381">59m </span><span class="pp-class-382 pa t30568 l55382 ls43">for </span><span class="pp-class-382 pa t30568 l55383">the </span><span class="pp-class-382 pa t30568 l55384 ls110">Group </span><span class="pp-class-382 pa t30568 l55385">all </span><span class="pp-class-382 pa t30568 l55386 ls12">else </span><span class="pp-class-382 pa t30568 l55387 ls12">equal </span><span class="pp-class-382 pa t30568 l55388 ls12">(2023: </span><span class="pp-class-382 pa t30568 l55389">DKK </span><span class="pp-class-382 pa t30575 l3">67m). </span><span class="pp-class-382 pa t30575 l55390">A </span><span class="pp-class-382 pa t30575 l19346 ls1259">decrease </span><span class="pp-class-382 pa t30575 l55391">in </span><span class="pp-class-382 pa t30575 l17351">the </span><span class="pp-class-382 pa t30575 l55392 ls884">interest </span><span class="pp-class-382 pa t30575 l17175 ls1323">rates </span><span class="pp-class-382 pa t30575 l43180 ls287">of </span><span class="pp-class-382 pa t30575 l55393 ls287">1%-point </span><span class="pp-class-382 pa t30575 l15931 ls78">would </span><span class="pp-class-382 pa t30575 l55394 ls99">have </span><span class="pp-class-382 pa t30575 l55395 ls671">reduced </span><span class="pp-class-382 pa t30575 l55396">the </span><span class="pp-class-382 pa t30575 l55397 ls150">net </span><span class="pp-class-382 pa t30575 l47013 ls884">interest </span><span class="pp-class-382 pa t30575 l55398 ls78">payment </span><span class="pp-class-382 pa t30575 l55399 ls1955">by </span><span class="pp-class-382 pa t30575 l46134">DKK </span><span class="pp-class-382 pa t30575 l55400 ls12">59m </span><span class="pp-class-382 pa t30583 l3">in </span><span class="pp-class-382 pa t30583 l16328 ls16">2024 </span><span class="pp-class-382 pa t30583 l55401">(2023: </span><span class="pp-class-382 pa t30583 l55402">DKK </span><span class="pp-class-382 pa t30583 l17221">67m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30593 l3 ls1080">An </span><span class="pp-class-382 pa t30593 l55403 ls8853">increase </span><span class="pp-class-382 pa t30593 l55404 ls1080">in </span><span class="pp-class-382 pa t30593 l55405 ls858">the </span><span class="pp-class-382 pa t30593 l55406 ls2784">interest </span><span class="pp-class-382 pa t30593 l55407 ls3216">rate </span><span class="pp-class-382 pa t30593 l55408 ls103">of </span><span class="pp-class-382 pa t30593 l55409 ls1224">1%-point </span><span class="pp-class-382 pa t30593 l55410 ls8853">compared </span><span class="pp-class-382 pa t30593 l55411 ls1759">to </span><span class="pp-class-382 pa t30593 l55412 ls858">the </span><span class="pp-class-382 pa t30593 l45137 ls728">actual </span><span class="pp-class-382 pa t30593 l55413 ls2784">interest </span><span class="pp-class-382 pa t30593 l55414 ls3216">rate </span><span class="pp-class-382 pa t30593 l55415 ls1083">at </span><span class="pp-class-382 pa t30593 l55416 ls1237">balance </span><span class="pp-class-382 pa t30593 l55417 ls296">sheet </span><span class="pp-class-382 pa t30593 l55418 ls852">date </span><span class="pp-class-382 pa t30593 l55419 ls1271">would </span><span class="pp-class-382 pa t30606 l3 ls185">have </span><span class="pp-class-382 pa t30606 l43692 ls1772">had </span><span class="pp-class-382 pa t30606 l55420 ls302">a </span><span class="pp-class-382 pa t30606 l53210 ls2088">positive </span><span class="pp-class-382 pa t30606 l26865 ls2142">effect </span><span class="pp-class-382 pa t30606 l55421 ls1080">on </span><span class="pp-class-382 pa t30606 l44423 ls858">the </span><span class="pp-class-382 pa t30606 l55422 ls1015">Group’s </span><span class="pp-class-382 pa t30606 l40187 ls2486">equity </span><span class="pp-class-382 pa t30606 l52569 ls2944">reserve </span><span class="pp-class-382 pa t30606 l55423 ls3278">for </span><span class="pp-class-382 pa t30606 l55424 ls1237">hedging </span><span class="pp-class-382 pa t30606 l55425 ls103">of </span><span class="pp-class-382 pa t30606 l55426 ls1099">DKK </span><span class="pp-class-382 pa t30606 l55427 ls858">90m </span><span class="pp-class-382 pa t30606 l55428 ls1099">all </span><span class="pp-class-382 pa t30606 l55429 ls1323">else </span><span class="pp-class-382 pa t30606 l55430 ls1759">equal </span><span class="pp-class-382 pa t30606 l55431 ls2486">(2023: </span><span class="pp-class-382 pa t30606 l55432 ls302">DKK </span><span class="pp-class-382 pa t30615 l3 ls2486">130m). </span><span class="pp-class-382 pa t30615 l55433 ls302">A </span><span class="pp-class-382 pa t30615 l45818 ls8853">decrease </span><span class="pp-class-382 pa t30615 l54934 ls2142">would </span><span class="pp-class-382 pa t30615 l55434 ls185">have </span><span class="pp-class-382 pa t30615 l19153 ls1772">had </span><span class="pp-class-382 pa t30615 l55435 ls302">a </span><span class="pp-class-382 pa t30615 l55436 ls2944">negative </span><span class="pp-class-382 pa t30615 l55437 ls2142">effect </span><span class="pp-class-382 pa t30615 l55438 ls103">of </span><span class="pp-class-382 pa t30615 l52490 ls1099">DKK </span><span class="pp-class-382 pa t30615 l55439 ls858">93m </span><span class="pp-class-382 pa t30615 l55440 ls2486">(2023: </span><span class="pp-class-382 pa t30615 l55441 ls858">DKK </span><span class="pp-class-382 pa t30615 l37290 ls1759">134m).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30628 l3 ls4305">Currency </span><span class="pp-class-383 pa t30628 l55442 ls2143">exchange </span><span class="pp-class-383 pa t30628 l55443 ls858">risk</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30634 l3 ls3377">Currency </span><span class="pp-class-382 pa t30634 l44431 ls3435">exchange </span><span class="pp-class-382 pa t30634 l55444 ls1323">risk </span><span class="pp-class-382 pa t30634 l51315 ls1080">is </span><span class="pp-class-382 pa t30634 l55445 ls2127">monitored </span><span class="pp-class-382 pa t30634 l55446 ls1148">continuously </span><span class="pp-class-382 pa t30634 l55447 ls1099">and </span><span class="pp-class-382 pa t30634 l55448 ls3230">actively </span><span class="pp-class-382 pa t30634 l55449 ls2486">hedged </span><span class="pp-class-382 pa t30634 l55450 ls1759">to </span><span class="pp-class-382 pa t30634 l55451 ls1083">reduce </span><span class="pp-class-382 pa t30634 l55452 ls3435">exposure </span><span class="pp-class-382 pa t30634 l55453 ls1759">using </span><span class="pp-class-382 pa t30634 l55454 ls2787">forward </span><span class="pp-class-382 pa t30807 l3 ls3435">exchange </span><span class="pp-class-382 pa t30807 l14877 ls7694">contracts </span><span class="pp-class-382 pa t30807 l55455 ls858">and </span><span class="pp-class-382 pa t30807 l55456 ls3377">currency </span><span class="pp-class-382 pa t30807 l27592 ls2760">swaps. </span><span class="pp-class-382 pa t30807 l55457 ls4305">According </span><span class="pp-class-382 pa t30807 l55458 ls1759">to </span><span class="pp-class-382 pa t30807 l55459 ls1759">DFDS’ </span><span class="pp-class-382 pa t30807 l55460 ls1073">Financial </span><span class="pp-class-382 pa t30807 l55461 ls3036">Policy, </span><span class="pp-class-382 pa t30807 l55462 ls1323">DFDS </span><span class="pp-class-382 pa t30807 l55463 ls1099">can </span><span class="pp-class-382 pa t30807 l55464 ls1759">hedge </span><span class="pp-class-382 pa t30807 l55465 ls858">balance </span><span class="pp-class-382 pa t30644 l3 ls4396">exposure, </span><span class="pp-class-382 pa t30644 l55466 ls1099">and </span><span class="pp-class-382 pa t30644 l55467">- </span><span class="pp-class-382 pa t30644 l55468 ls830">net </span><span class="pp-class-382 pa t30644 l30927 ls103">of </span><span class="pp-class-382 pa t30644 l45573 ls1237">hedging </span><span class="pp-class-382 pa t30644 l38019">- </span><span class="pp-class-382 pa t30644 l55469 ls1237">balance </span><span class="pp-class-382 pa t30644 l52474 ls2145">exposures </span><span class="pp-class-382 pa t30644 l55470 ls1323">must </span><span class="pp-class-382 pa t30644 l47561 ls1080">be </span><span class="pp-class-382 pa t30644 l55471 ls7694">kept </span><span class="pp-class-382 pa t30644 l55472 ls2142">below </span><span class="pp-class-382 pa t30644 l55473 ls1080">an </span><span class="pp-class-382 pa t30644 l55474 ls728">equivalent </span><span class="pp-class-382 pa t30644 l55475 ls1759">to </span><span class="pp-class-382 pa t30644 l55476 ls1099">DKK </span><span class="pp-class-382 pa t30644 l55477 ls1323">150m </span><span class="pp-class-382 pa t30644 l55478 ls1080">in </span><span class="pp-class-382 pa t30644 l55479 ls1323">each </span><span class="pp-class-382 pa t30649 l3 ls3190">currency. </span><span class="pp-class-382 pa t30649 l55480 ls1080">In </span><span class="pp-class-382 pa t30649 l55481 ls1772">addition, </span><span class="pp-class-382 pa t30649 l4244 ls1080">as </span><span class="pp-class-382 pa t30649 l55482 ls858">per </span><span class="pp-class-382 pa t30649 l55483 ls1073">Financial </span><span class="pp-class-382 pa t30649 l55484 ls3036">Policy, </span><span class="pp-class-382 pa t30649 l55485 ls1323">DFDS </span><span class="pp-class-382 pa t30649 l55486 ls858">can </span><span class="pp-class-382 pa t30649 l55487 ls1759">hedge </span><span class="pp-class-382 pa t30649 l55488 ls2145">exposures </span><span class="pp-class-382 pa t30649 l55489 ls1243">from </span><span class="pp-class-382 pa t30649 l55490 ls828">expected </span><span class="pp-class-382 pa t30649 l55491 ls1323">cash </span><span class="pp-class-382 pa t30649 l55492 ls2784">flows </span><span class="pp-class-382 pa t30649 l55493 ls3105">from </span><span class="pp-class-382 pa t30655 l3 ls4305">operations </span><span class="pp-class-382 pa t30655 l34252 ls1080">up </span><span class="pp-class-382 pa t30655 l55494 ls1759">to </span><span class="pp-class-382 pa t30655 l55495 ls3278">four </span><span class="pp-class-382 pa t30655 l8026 ls1323">quarters </span><span class="pp-class-382 pa t30655 l55496 ls1772">ahead, </span><span class="pp-class-382 pa t30655 l45266 ls858">and </span><span class="pp-class-382 pa t30655 l55497 ls1323">cash </span><span class="pp-class-382 pa t30655 l55498 ls2784">flows </span><span class="pp-class-382 pa t30655 l19692 ls1243">from </span><span class="pp-class-382 pa t30655 l55499 ls803">off-balance </span><span class="pp-class-382 pa t30655 l55500 ls296">sheet </span><span class="pp-class-382 pa t30655 l55501 ls4305">contractual </span><span class="pp-class-382 pa t30655 l55502 ls806">commitments.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30670 l3 ls1742">Approximately </span><span class="pp-class-382 pa t30670 l55503 ls3278">87% </span><span class="pp-class-382 pa t30670 l55504 ls103">of </span><span class="pp-class-382 pa t30670 l55505 ls1759">DFDS’ </span><span class="pp-class-382 pa t30670 l55506 ls185">revenues </span><span class="pp-class-382 pa t30670 l55507 ls1080">in </span><span class="pp-class-382 pa t30670 l13823 ls1150">2024 </span><span class="pp-class-382 pa t30670 l55508 ls2848">were </span><span class="pp-class-382 pa t30670 l55509 ls2127">invoiced </span><span class="pp-class-382 pa t30670 l55510 ls1080">in </span><span class="pp-class-382 pa t30670 l55511 ls1463">foreign </span><span class="pp-class-382 pa t30670 l55512 ls2970">currencies </span><span class="pp-class-382 pa t30670 l55513 ls2486">(2023: </span><span class="pp-class-382 pa t30670 l55514 ls1323">92%) </span><span class="pp-class-382 pa t30670 l55515 ls1323">with </span><span class="pp-class-382 pa t30670 l55516 ls1099">the </span><span class="pp-class-382 pa t30670 l55517 ls1955">most </span><span class="pp-class-382 pa t30676 l3 ls1701">substantial </span><span class="pp-class-382 pa t30676 l34517 ls2143">revenue </span><span class="pp-class-382 pa t30676 l55518 ls3377">generated </span><span class="pp-class-382 pa t30676 l44201 ls1080">in </span><span class="pp-class-382 pa t30676 l55519 ls858">EUR </span><span class="pp-class-382 pa t30676 l55520 ls1759">which </span><span class="pp-class-382 pa t30676 l55521 ls1101">accounted </span><span class="pp-class-382 pa t30676 l55522 ls3278">for </span><span class="pp-class-382 pa t30676 l55523 ls858">64% </span><span class="pp-class-382 pa t30676 l55524 ls103">of </span><span class="pp-class-382 pa t30676 l55525 ls2889">total </span><span class="pp-class-382 pa t30676 l55526 ls2143">revenue </span><span class="pp-class-382 pa t30676 l37885 ls2486">(2023: </span><span class="pp-class-382 pa t30676 l55527 ls1080">60%). </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30687 l3 ls155">Apart </span><span class="pp-class-382 pa t30687 l43810 ls1243">from </span><span class="pp-class-382 pa t30687 l1546 ls858">DKK </span><span class="pp-class-382 pa t30687 l55528 ls858">and </span><span class="pp-class-382 pa t30687 l55529 ls16">EUR, </span><span class="pp-class-382 pa t30687 l55530 ls2143">revenue </span><span class="pp-class-382 pa t30687 l55531 ls1080">is </span><span class="pp-class-382 pa t30687 l55532 ls2149">mainly </span><span class="pp-class-382 pa t30687 l55533 ls3377">generated </span><span class="pp-class-382 pa t30687 l55534 ls1080">in </span><span class="pp-class-382 pa t30687 l55535 ls1323">SEK, </span><span class="pp-class-382 pa t30687 l48474 ls55536">GBP, </span><span class="pp-class-382 pa t30687 l44709 ls858">and </span><span class="pp-class-382 pa t30687 l55537 ls1323">NOK. </span><span class="pp-class-382 pa t30687 l55538 ls7736">However, </span><span class="pp-class-382 pa t30687 l55539 ls1323">SEK, </span><span class="pp-class-382 pa t30687 l55540 ls858">GBP </span><span class="pp-class-382 pa t30687 l55541 ls858">and </span><span class="pp-class-382 pa t30687 l55542 ls302">NOK </span><span class="pp-class-382 pa t30828 l3 ls2970">risks </span><span class="pp-class-382 pa t30828 l55543 ls800">are </span><span class="pp-class-382 pa t30828 l55544 ls1759">to </span><span class="pp-class-382 pa t30828 l55545 ls302">a </span><span class="pp-class-382 pa t30828 l55546 ls2784">large </span><span class="pp-class-382 pa t30828 l1128 ls2688">extent </span><span class="pp-class-382 pa t30828 l22897 ls1271">offset </span><span class="pp-class-382 pa t30828 l55547 ls2784">by </span><span class="pp-class-382 pa t30828 l55548 ls2486">costs. </span><span class="pp-class-382 pa t30828 l44139 ls858">USD </span><span class="pp-class-382 pa t30828 l16268 ls1323">risk </span><span class="pp-class-382 pa t30828 l55549 ls1974">primarily </span><span class="pp-class-382 pa t30828 l55550 ls1759">comes </span><span class="pp-class-382 pa t30828 l55551 ls1243">from </span><span class="pp-class-382 pa t30828 l55552 ls1083">future </span><span class="pp-class-382 pa t30828 l55553 ls5069">bunker </span><span class="pp-class-382 pa t30828 l55554 ls4275">consumption </span><span class="pp-class-382 pa t30828 l55555 ls302">and </span><span class="pp-class-382 pa t30689 l3 ls99">charter </span><span class="pp-class-382 pa t30689 l55556 ls852">agreements. </span><span class="pp-class-382 pa t30689 l55557 ls858">EUR </span><span class="pp-class-382 pa t30689 l55558 ls1080">is </span><span class="pp-class-382 pa t30689 l34630 ls2970">considered </span><span class="pp-class-382 pa t30689 l28889 ls302">a </span><span class="pp-class-382 pa t30689 l55559 ls1759">minor </span><span class="pp-class-382 pa t30689 l53229 ls1323">risk </span><span class="pp-class-382 pa t30689 l52379 ls858">due </span><span class="pp-class-382 pa t30689 l55560 ls1759">to </span><span class="pp-class-382 pa t30689 l55561 ls2784">Denmark’s </span><span class="pp-class-382 pa t30689 l55562 ls2784">fixed </span><span class="pp-class-382 pa t30689 l45503 ls3435">exchange </span><span class="pp-class-382 pa t30689 l55563 ls3216">rate </span><span class="pp-class-382 pa t30689 l55564 ls2889">policy </span><span class="pp-class-382 pa t30689 l55565 ls15062">towards </span><span class="pp-class-382 pa t30689 l55566 ls128">EUR. </span><span class="pp-class-382 pa t30696 l3 ls858">USD </span><span class="pp-class-382 pa t30696 l55567 ls1323">risk </span><span class="pp-class-382 pa t30696 l55568 ls1080">is </span><span class="pp-class-382 pa t30696 l55569 ls1150">reduced </span><span class="pp-class-382 pa t30696 l37890 ls2784">by </span><span class="pp-class-382 pa t30696 l55570 ls858">the </span><span class="pp-class-382 pa t30696 l55571 ls1772">BAF </span><span class="pp-class-382 pa t30696 l55572 ls1073">mechanism </span><span class="pp-class-382 pa t30696 l55573 ls1080">as </span><span class="pp-class-382 pa t30696 l55574 ls1073">described </span><span class="pp-class-382 pa t30696 l55575 ls2851">above.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30707 l3 ls858">The </span><span class="pp-class-382 pa t30707 l16631 ls2944">operational </span><span class="pp-class-382 pa t30707 l55576 ls3377">currency </span><span class="pp-class-382 pa t30707 l17651 ls1323">cash </span><span class="pp-class-382 pa t30707 l55577 ls960">flow </span><span class="pp-class-382 pa t30707 l55578 ls1080">is </span><span class="pp-class-382 pa t30707 l55579 ls1305">defined </span><span class="pp-class-382 pa t30707 l55580 ls1080">as </span><span class="pp-class-382 pa t30707 l55581 ls1099">the </span><span class="pp-class-382 pa t30707 l55582 ls1243">Group's </span><span class="pp-class-382 pa t30707 l55583 ls2088">consolidated </span><span class="pp-class-382 pa t30707 l55584 ls830">net </span><span class="pp-class-382 pa t30707 l55585 ls3377">currency </span><span class="pp-class-382 pa t30707 l55586 ls1323">cash </span><span class="pp-class-382 pa t30707 l55587 ls2784">flows </span><span class="pp-class-382 pa t30707 l55588 ls3105">from </span><span class="pp-class-382 pa t30712 l3 ls185">revenues </span><span class="pp-class-382 pa t30712 l55589 ls858">and </span><span class="pp-class-382 pa t30712 l55590 ls2944">operational </span><span class="pp-class-382 pa t30712 l17927 ls2486">costs. </span><span class="pp-class-382 pa t30712 l55591 ls858">The </span><span class="pp-class-382 pa t30712 l51934 ls1118">table </span><span class="pp-class-382 pa t30712 l55592 ls2784">shows </span><span class="pp-class-382 pa t30712 l55593 ls1099">the </span><span class="pp-class-382 pa t30712 l46140 ls728">impact </span><span class="pp-class-382 pa t30712 l25905 ls1080">on </span><span class="pp-class-382 pa t30712 l55594 ls1099">the </span><span class="pp-class-382 pa t30712 l55595 ls1243">Group's </span><span class="pp-class-382 pa t30712 l55596 ls2760">operating </span><span class="pp-class-382 pa t30712 l55597 ls1974">profit </span><span class="pp-class-382 pa t30712 l55598 ls3623">before </span><span class="pp-class-382 pa t30720 l3 ls3623">depreciation </span><span class="pp-class-382 pa t30720 l47268 ls858">and </span><span class="pp-class-382 pa t30720 l17300 ls238">amortisation </span><span class="pp-class-382 pa t30720 l55599 ls1772">(EBITDA). </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30841 l3 ls1099">All </span><span class="pp-class-382 pa t30841 l53440 ls1323">else </span><span class="pp-class-382 pa t30841 l55600 ls2486">equal, </span><span class="pp-class-382 pa t30841 l55601 ls302">a </span><span class="pp-class-382 pa t30841 l55602 ls2889">strengthening </span><span class="pp-class-382 pa t30841 l55603 ls103">of </span><span class="pp-class-382 pa t30841 l55604 ls1323">SEK, </span><span class="pp-class-382 pa t30841 l55605 ls55536">GBP, </span><span class="pp-class-382 pa t30841 l55317 ls1323">NOK, </span><span class="pp-class-382 pa t30841 l55606 ls34558">TRY, </span><span class="pp-class-382 pa t30841 l55607 ls1099">and </span><span class="pp-class-382 pa t30841 l55608 ls858">USD </span><span class="pp-class-382 pa t30841 l55609 ls1772">against </span><span class="pp-class-382 pa t30841 l55610 ls858">DKK </span><span class="pp-class-382 pa t30841 l55611 ls1083">at </span><span class="pp-class-382 pa t30841 l55612 ls1237">balance </span><span class="pp-class-382 pa t30841 l54549 ls296">sheet </span><span class="pp-class-382 pa t30841 l55613 ls852">date </span><span class="pp-class-382 pa t30841 l55614 ls1271">would </span><span class="pp-class-382 pa t30735 l3 ls728">impact </span><span class="pp-class-382 pa t30735 l55615 ls1099">the </span><span class="pp-class-382 pa t30735 l3503 ls1243">Group's </span><span class="pp-class-382 pa t30735 l55616 ls1974">profit </span><span class="pp-class-382 pa t30735 l53764 ls858">and </span><span class="pp-class-382 pa t30735 l55617 ls1323">loss </span><span class="pp-class-382 pa t30735 l55618 ls2784">by </span><span class="pp-class-382 pa t30735 l55619 ls858">the </span><span class="pp-class-382 pa t30735 l55620 ls1118">amounts </span><span class="pp-class-382 pa t30735 l55621 ls852">presented </span><span class="pp-class-382 pa t30735 l55622 ls14077">below.</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55623 l3 ls947">Operational </span><span class="pp-class-373 pa t55623 l55624 ls860">currency </span><span class="pp-class-373 pa t55623 l55625">cash </span><span class="pp-class-373 pa t55623 l55626 ls68">flow </span><span class="pp-class-373 pa t55623 l55627">risk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td colspan="2" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55623 l55628 ls246">EBITDA</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55629 l3">DKK </span><span class="pp-class-372 pa t55629 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55629 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55629 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55630 l3">SEK, </span><span class="pp-class-372 pa t55630 l55631">income </span><span class="pp-class-372 pa t55630 l41785 ls78">statement </span><span class="pp-class-372 pa t55630 l55632 ls1264">effect, </span><span class="pp-class-372 pa t55630 l55633 ls332">10% </span><span class="pp-class-372 pa t55630 l55634 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55630 l55635">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55630 l54678 ls14819">17</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55636 l3">NOK, </span><span class="pp-class-372 pa t55636 l55637">income </span><span class="pp-class-372 pa t55636 l55638 ls78">statement </span><span class="pp-class-372 pa t55636 l55639 ls1264">effect, </span><span class="pp-class-372 pa t55636 l51291 ls332">10% </span><span class="pp-class-372 pa t55636 l55640 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55636 l55641">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55636 l50195">12</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55642 l3 ls18810">GBP, </span><span class="pp-class-372 pa t55642 l55643">income </span><span class="pp-class-372 pa t55642 l55644 ls78">statement </span><span class="pp-class-372 pa t55642 l55645 ls1264">effect, </span><span class="pp-class-372 pa t55642 l51366 ls332">10% </span><span class="pp-class-372 pa t55642 l55646 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55642 l50235">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55642 l50195">21</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55647 l3 ls7212">TRY, </span><span class="pp-class-372 pa t55647 l17591">income </span><span class="pp-class-372 pa t55647 l45164 ls78">statement </span><span class="pp-class-372 pa t55647 l55648 ls1264">effect, </span><span class="pp-class-372 pa t55647 l49795 ls332">10% </span><span class="pp-class-372 pa t55647 l55649 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55647 l46326">-13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55647 l47294">-13</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55650 l3 ls1772">USD, </span><span class="pp-class-372 pa t55650 l55651">income </span><span class="pp-class-372 pa t55650 l55652 ls78">statement </span><span class="pp-class-372 pa t55650 l55653 ls1264">effect, </span><span class="pp-class-372 pa t55650 l55654 ls332">10% </span><span class="pp-class-372 pa t55650 l15348 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55650 l46225">-19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55650 l42482">-21</span></p></td></tr></table></div></div><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-370 pa t21055 l3">4.1 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">and </span><span class="pp-class-370 pa t21055 l54994 ls931">operational </span><span class="pp-class-370 pa t21055 l54995 ls99">risks</span><span class="pp-class-371 pa t21055 l55656"/><span class="pp-class-371 pa t21055 l55657 ls155">(continued)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t45774 l3 ls858">The </span><span class="pp-class-382 pa t45774 l16631 ls1015">Group’s </span><span class="pp-class-382 pa t45774 l44216 ls1323">most </span><span class="pp-class-382 pa t45774 l55658 ls806">significant </span><span class="pp-class-382 pa t45774 l1977 ls3377">currency </span><span class="pp-class-382 pa t45774 l43249 ls1237">balance </span><span class="pp-class-382 pa t45774 l55659 ls1073">positions </span><span class="pp-class-382 pa t45774 l55660 ls800">are </span><span class="pp-class-382 pa t45774 l55661 ls1080">in </span><span class="pp-class-382 pa t45774 l55662 ls16">EUR, </span><span class="pp-class-382 pa t45774 l55663 ls1323">SEK, </span><span class="pp-class-382 pa t45774 l55664 ls55536">GBP, </span><span class="pp-class-382 pa t45774 l55665 ls1323">NOK, </span><span class="pp-class-382 pa t45774 l54303 ls34558">TRY, </span><span class="pp-class-382 pa t45774 l45844 ls1099">and </span><span class="pp-class-382 pa t45774 l31854 ls858">USD </span><span class="pp-class-382 pa t45774 l55666 ls2531">relating </span><span class="pp-class-382 pa t45774 l55667 ls302">to </span><span class="pp-class-382 pa t45789 l3 ls1759">debt, </span><span class="pp-class-382 pa t45789 l54933 ls646">trade </span><span class="pp-class-382 pa t45789 l44360 ls1243">payables </span><span class="pp-class-382 pa t45789 l41430 ls858">and </span><span class="pp-class-382 pa t45789 l55668 ls646">trade </span><span class="pp-class-382 pa t45789 l55669 ls6007">receivables. </span><span class="pp-class-382 pa t45789 l47000 ls858">All </span><span class="pp-class-382 pa t45789 l55670 ls1323">else </span><span class="pp-class-382 pa t45789 l55671 ls1759">equal </span><span class="pp-class-382 pa t45789 l55672 ls302">a </span><span class="pp-class-382 pa t45789 l55673 ls2889">strengthening </span><span class="pp-class-382 pa t45789 l44225 ls103">of </span><span class="pp-class-382 pa t45789 l55674 ls1323">SEK, </span><span class="pp-class-382 pa t45789 l55675 ls55536">GBP, </span><span class="pp-class-382 pa t45789 l55676 ls1323">NOK, </span><span class="pp-class-382 pa t45789 l55677 ls34558">TRY, </span><span class="pp-class-382 pa t45789 l55678 ls1099">and </span><span class="pp-class-382 pa t45789 l55679 ls302">USD </span><span class="pp-class-382 pa t45805 l3 ls1772">against </span><span class="pp-class-382 pa t45805 l30998 ls858">DKK </span><span class="pp-class-382 pa t45805 l55680 ls1083">at </span><span class="pp-class-382 pa t45805 l55681 ls1237">balance </span><span class="pp-class-382 pa t45805 l55682 ls296">sheet </span><span class="pp-class-382 pa t45805 l55683 ls852">date </span><span class="pp-class-382 pa t45805 l55684 ls2142">would </span><span class="pp-class-382 pa t45805 l55685 ls185">have </span><span class="pp-class-382 pa t45805 l55686 ls1864">increased/decreased </span><span class="pp-class-382 pa t45805 l55687 ls1237">balance </span><span class="pp-class-382 pa t45805 l37564 ls296">sheet </span><span class="pp-class-382 pa t45805 l55688 ls1118">items </span><span class="pp-class-382 pa t45805 l55689 ls2784">by </span><span class="pp-class-382 pa t45805 l55690 ls1099">the </span><span class="pp-class-382 pa t45805 l55418 ls58">amounts </span><span class="pp-class-382 pa t45963 l3 ls852">presented </span><span class="pp-class-382 pa t45963 l49824 ls14077">below.</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55691 l3 ls860">Currency </span><span class="pp-class-373 pa t55691 l55692 ls813">balance </span><span class="pp-class-373 pa t55691 l55693">risk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55691 l55694"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55691 l42455"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55695 l3">DKK </span><span class="pp-class-372 pa t55695 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55695 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55695 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55696 l3">SEK, </span><span class="pp-class-372 pa t55696 l55631">equity </span><span class="pp-class-372 pa t55696 l47986">and </span><span class="pp-class-372 pa t55696 l55697">income </span><span class="pp-class-372 pa t55696 l55698 ls78">statement </span><span class="pp-class-372 pa t55696 l18188 ls1264">effect, </span><span class="pp-class-372 pa t55696 l54569 ls332">10% </span><span class="pp-class-372 pa t55696 l55699 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55696 l52978">-12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55696 l53222">-1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55700 l3 ls18810">GBP, </span><span class="pp-class-372 pa t55700 l55643">equity </span><span class="pp-class-372 pa t55700 l16754">and </span><span class="pp-class-372 pa t55700 l55701">income </span><span class="pp-class-372 pa t55700 l55702 ls78">statement </span><span class="pp-class-372 pa t55700 l55703 ls1264">effect, </span><span class="pp-class-372 pa t55700 l16396 ls332">10% </span><span class="pp-class-372 pa t55700 l55704 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55700 l55705">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55700 l42414">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55706 l3">NOK, </span><span class="pp-class-372 pa t55706 l55637">equity </span><span class="pp-class-372 pa t55706 l55707">and </span><span class="pp-class-372 pa t55706 l55708">income </span><span class="pp-class-372 pa t55706 l55709 ls78">statement </span><span class="pp-class-372 pa t55706 l55710 ls1264">effect, </span><span class="pp-class-372 pa t55706 l55711 ls332">10% </span><span class="pp-class-372 pa t55706 l55712 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55706 l54040">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55706 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55713 l3 ls7212">TRY, </span><span class="pp-class-372 pa t55713 l17591">equity </span><span class="pp-class-372 pa t55713 l55714">and </span><span class="pp-class-372 pa t55713 l4135">income </span><span class="pp-class-372 pa t55713 l55715 ls78">statement </span><span class="pp-class-372 pa t55713 l55716 ls1264">effect, </span><span class="pp-class-372 pa t55713 l30851 ls332">10% </span><span class="pp-class-372 pa t55713 l55717 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55713 l54027">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55713 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55718 l3 ls1772">USD, </span><span class="pp-class-372 pa t55718 l55651">equity </span><span class="pp-class-372 pa t55718 l55719">and </span><span class="pp-class-372 pa t55718 l55720">income </span><span class="pp-class-372 pa t55718 l46500 ls78">statement </span><span class="pp-class-372 pa t55718 l44154 ls1264">effect, </span><span class="pp-class-372 pa t55718 l55721 ls332">10% </span><span class="pp-class-372 pa t55718 l55722 ls944">strengthening </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55718 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55718 l47332">-6</span></p></td></tr></table> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30628 l3 ls4305">Currency </span><span class="pp-class-383 pa t30628 l55442 ls2143">exchange </span><span class="pp-class-383 pa t30628 l55443 ls858">risk</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30634 l3 ls3377">Currency </span><span class="pp-class-382 pa t30634 l44431 ls3435">exchange </span><span class="pp-class-382 pa t30634 l55444 ls1323">risk </span><span class="pp-class-382 pa t30634 l51315 ls1080">is </span><span class="pp-class-382 pa t30634 l55445 ls2127">monitored </span><span class="pp-class-382 pa t30634 l55446 ls1148">continuously </span><span class="pp-class-382 pa t30634 l55447 ls1099">and </span><span class="pp-class-382 pa t30634 l55448 ls3230">actively </span><span class="pp-class-382 pa t30634 l55449 ls2486">hedged </span><span class="pp-class-382 pa t30634 l55450 ls1759">to </span><span class="pp-class-382 pa t30634 l55451 ls1083">reduce </span><span class="pp-class-382 pa t30634 l55452 ls3435">exposure </span><span class="pp-class-382 pa t30634 l55453 ls1759">using </span><span class="pp-class-382 pa t30634 l55454 ls2787">forward </span><span class="pp-class-382 pa t30807 l3 ls3435">exchange </span><span class="pp-class-382 pa t30807 l14877 ls7694">contracts </span><span class="pp-class-382 pa t30807 l55455 ls858">and </span><span class="pp-class-382 pa t30807 l55456 ls3377">currency </span><span class="pp-class-382 pa t30807 l27592 ls2760">swaps. </span><span class="pp-class-382 pa t30807 l55457 ls4305">According </span><span class="pp-class-382 pa t30807 l55458 ls1759">to </span><span class="pp-class-382 pa t30807 l55459 ls1759">DFDS’ </span><span class="pp-class-382 pa t30807 l55460 ls1073">Financial </span><span class="pp-class-382 pa t30807 l55461 ls3036">Policy, </span><span class="pp-class-382 pa t30807 l55462 ls1323">DFDS </span><span class="pp-class-382 pa t30807 l55463 ls1099">can </span><span class="pp-class-382 pa t30807 l55464 ls1759">hedge </span><span class="pp-class-382 pa t30807 l55465 ls858">balance </span><span class="pp-class-382 pa t30644 l3 ls4396">exposure, </span><span class="pp-class-382 pa t30644 l55466 ls1099">and </span><span class="pp-class-382 pa t30644 l55467">- </span><span class="pp-class-382 pa t30644 l55468 ls830">net </span><span class="pp-class-382 pa t30644 l30927 ls103">of </span><span class="pp-class-382 pa t30644 l45573 ls1237">hedging </span><span class="pp-class-382 pa t30644 l38019">- </span><span class="pp-class-382 pa t30644 l55469 ls1237">balance </span><span class="pp-class-382 pa t30644 l52474 ls2145">exposures </span><span class="pp-class-382 pa t30644 l55470 ls1323">must </span><span class="pp-class-382 pa t30644 l47561 ls1080">be </span><span class="pp-class-382 pa t30644 l55471 ls7694">kept </span><span class="pp-class-382 pa t30644 l55472 ls2142">below </span><span class="pp-class-382 pa t30644 l55473 ls1080">an </span><span class="pp-class-382 pa t30644 l55474 ls728">equivalent </span><span class="pp-class-382 pa t30644 l55475 ls1759">to </span><span class="pp-class-382 pa t30644 l55476 ls1099">DKK </span><span class="pp-class-382 pa t30644 l55477 ls1323">150m </span><span class="pp-class-382 pa t30644 l55478 ls1080">in </span><span class="pp-class-382 pa t30644 l55479 ls1323">each </span><span class="pp-class-382 pa t30649 l3 ls3190">currency. </span><span class="pp-class-382 pa t30649 l55480 ls1080">In </span><span class="pp-class-382 pa t30649 l55481 ls1772">addition, </span><span class="pp-class-382 pa t30649 l4244 ls1080">as </span><span class="pp-class-382 pa t30649 l55482 ls858">per </span><span class="pp-class-382 pa t30649 l55483 ls1073">Financial </span><span class="pp-class-382 pa t30649 l55484 ls3036">Policy, </span><span class="pp-class-382 pa t30649 l55485 ls1323">DFDS </span><span class="pp-class-382 pa t30649 l55486 ls858">can </span><span class="pp-class-382 pa t30649 l55487 ls1759">hedge </span><span class="pp-class-382 pa t30649 l55488 ls2145">exposures </span><span class="pp-class-382 pa t30649 l55489 ls1243">from </span><span class="pp-class-382 pa t30649 l55490 ls828">expected </span><span class="pp-class-382 pa t30649 l55491 ls1323">cash </span><span class="pp-class-382 pa t30649 l55492 ls2784">flows </span><span class="pp-class-382 pa t30649 l55493 ls3105">from </span><span class="pp-class-382 pa t30655 l3 ls4305">operations </span><span class="pp-class-382 pa t30655 l34252 ls1080">up </span><span class="pp-class-382 pa t30655 l55494 ls1759">to </span><span class="pp-class-382 pa t30655 l55495 ls3278">four </span><span class="pp-class-382 pa t30655 l8026 ls1323">quarters </span><span class="pp-class-382 pa t30655 l55496 ls1772">ahead, </span><span class="pp-class-382 pa t30655 l45266 ls858">and </span><span class="pp-class-382 pa t30655 l55497 ls1323">cash </span><span class="pp-class-382 pa t30655 l55498 ls2784">flows </span><span class="pp-class-382 pa t30655 l19692 ls1243">from </span><span class="pp-class-382 pa t30655 l55499 ls803">off-balance </span><span class="pp-class-382 pa t30655 l55500 ls296">sheet </span><span class="pp-class-382 pa t30655 l55501 ls4305">contractual </span><span class="pp-class-382 pa t30655 l55502 ls806">commitments.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30670 l3 ls1742">Approximately </span><span class="pp-class-382 pa t30670 l55503 ls3278">87% </span><span class="pp-class-382 pa t30670 l55504 ls103">of </span><span class="pp-class-382 pa t30670 l55505 ls1759">DFDS’ </span><span class="pp-class-382 pa t30670 l55506 ls185">revenues </span><span class="pp-class-382 pa t30670 l55507 ls1080">in </span><span class="pp-class-382 pa t30670 l13823 ls1150">2024 </span><span class="pp-class-382 pa t30670 l55508 ls2848">were </span><span class="pp-class-382 pa t30670 l55509 ls2127">invoiced </span><span class="pp-class-382 pa t30670 l55510 ls1080">in </span><span class="pp-class-382 pa t30670 l55511 ls1463">foreign </span><span class="pp-class-382 pa t30670 l55512 ls2970">currencies </span><span class="pp-class-382 pa t30670 l55513 ls2486">(2023: </span><span class="pp-class-382 pa t30670 l55514 ls1323">92%) </span><span class="pp-class-382 pa t30670 l55515 ls1323">with </span><span class="pp-class-382 pa t30670 l55516 ls1099">the </span><span class="pp-class-382 pa t30670 l55517 ls1955">most </span><span class="pp-class-382 pa t30676 l3 ls1701">substantial </span><span class="pp-class-382 pa t30676 l34517 ls2143">revenue </span><span class="pp-class-382 pa t30676 l55518 ls3377">generated </span><span class="pp-class-382 pa t30676 l44201 ls1080">in </span><span class="pp-class-382 pa t30676 l55519 ls858">EUR </span><span class="pp-class-382 pa t30676 l55520 ls1759">which </span><span class="pp-class-382 pa t30676 l55521 ls1101">accounted </span><span class="pp-class-382 pa t30676 l55522 ls3278">for </span><span class="pp-class-382 pa t30676 l55523 ls858">64% </span><span class="pp-class-382 pa t30676 l55524 ls103">of </span><span class="pp-class-382 pa t30676 l55525 ls2889">total </span><span class="pp-class-382 pa t30676 l55526 ls2143">revenue </span><span class="pp-class-382 pa t30676 l37885 ls2486">(2023: </span><span class="pp-class-382 pa t30676 l55527 ls1080">60%). </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30687 l3 ls155">Apart </span><span class="pp-class-382 pa t30687 l43810 ls1243">from </span><span class="pp-class-382 pa t30687 l1546 ls858">DKK </span><span class="pp-class-382 pa t30687 l55528 ls858">and </span><span class="pp-class-382 pa t30687 l55529 ls16">EUR, </span><span class="pp-class-382 pa t30687 l55530 ls2143">revenue </span><span class="pp-class-382 pa t30687 l55531 ls1080">is </span><span class="pp-class-382 pa t30687 l55532 ls2149">mainly </span><span class="pp-class-382 pa t30687 l55533 ls3377">generated </span><span class="pp-class-382 pa t30687 l55534 ls1080">in </span><span class="pp-class-382 pa t30687 l55535 ls1323">SEK, </span><span class="pp-class-382 pa t30687 l48474 ls55536">GBP, </span><span class="pp-class-382 pa t30687 l44709 ls858">and </span><span class="pp-class-382 pa t30687 l55537 ls1323">NOK. </span><span class="pp-class-382 pa t30687 l55538 ls7736">However, </span><span class="pp-class-382 pa t30687 l55539 ls1323">SEK, </span><span class="pp-class-382 pa t30687 l55540 ls858">GBP </span><span class="pp-class-382 pa t30687 l55541 ls858">and </span><span class="pp-class-382 pa t30687 l55542 ls302">NOK </span><span class="pp-class-382 pa t30828 l3 ls2970">risks </span><span class="pp-class-382 pa t30828 l55543 ls800">are </span><span class="pp-class-382 pa t30828 l55544 ls1759">to </span><span class="pp-class-382 pa t30828 l55545 ls302">a </span><span class="pp-class-382 pa t30828 l55546 ls2784">large </span><span class="pp-class-382 pa t30828 l1128 ls2688">extent </span><span class="pp-class-382 pa t30828 l22897 ls1271">offset </span><span class="pp-class-382 pa t30828 l55547 ls2784">by </span><span class="pp-class-382 pa t30828 l55548 ls2486">costs. </span><span class="pp-class-382 pa t30828 l44139 ls858">USD </span><span class="pp-class-382 pa t30828 l16268 ls1323">risk </span><span class="pp-class-382 pa t30828 l55549 ls1974">primarily </span><span class="pp-class-382 pa t30828 l55550 ls1759">comes </span><span class="pp-class-382 pa t30828 l55551 ls1243">from </span><span class="pp-class-382 pa t30828 l55552 ls1083">future </span><span class="pp-class-382 pa t30828 l55553 ls5069">bunker </span><span class="pp-class-382 pa t30828 l55554 ls4275">consumption </span><span class="pp-class-382 pa t30828 l55555 ls302">and </span><span class="pp-class-382 pa t30689 l3 ls99">charter </span><span class="pp-class-382 pa t30689 l55556 ls852">agreements. </span><span class="pp-class-382 pa t30689 l55557 ls858">EUR </span><span class="pp-class-382 pa t30689 l55558 ls1080">is </span><span class="pp-class-382 pa t30689 l34630 ls2970">considered </span><span class="pp-class-382 pa t30689 l28889 ls302">a </span><span class="pp-class-382 pa t30689 l55559 ls1759">minor </span><span class="pp-class-382 pa t30689 l53229 ls1323">risk </span><span class="pp-class-382 pa t30689 l52379 ls858">due </span><span class="pp-class-382 pa t30689 l55560 ls1759">to </span><span class="pp-class-382 pa t30689 l55561 ls2784">Denmark’s </span><span class="pp-class-382 pa t30689 l55562 ls2784">fixed </span><span class="pp-class-382 pa t30689 l45503 ls3435">exchange </span><span class="pp-class-382 pa t30689 l55563 ls3216">rate </span><span class="pp-class-382 pa t30689 l55564 ls2889">policy </span><span class="pp-class-382 pa t30689 l55565 ls15062">towards </span><span class="pp-class-382 pa t30689 l55566 ls128">EUR. </span><span class="pp-class-382 pa t30696 l3 ls858">USD </span><span class="pp-class-382 pa t30696 l55567 ls1323">risk </span><span class="pp-class-382 pa t30696 l55568 ls1080">is </span><span class="pp-class-382 pa t30696 l55569 ls1150">reduced </span><span class="pp-class-382 pa t30696 l37890 ls2784">by </span><span class="pp-class-382 pa t30696 l55570 ls858">the </span><span class="pp-class-382 pa t30696 l55571 ls1772">BAF </span><span class="pp-class-382 pa t30696 l55572 ls1073">mechanism </span><span class="pp-class-382 pa t30696 l55573 ls1080">as </span><span class="pp-class-382 pa t30696 l55574 ls1073">described </span><span class="pp-class-382 pa t30696 l55575 ls2851">above.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30707 l3 ls858">The </span><span class="pp-class-382 pa t30707 l16631 ls2944">operational </span><span class="pp-class-382 pa t30707 l55576 ls3377">currency </span><span class="pp-class-382 pa t30707 l17651 ls1323">cash </span><span class="pp-class-382 pa t30707 l55577 ls960">flow </span><span class="pp-class-382 pa t30707 l55578 ls1080">is </span><span class="pp-class-382 pa t30707 l55579 ls1305">defined </span><span class="pp-class-382 pa t30707 l55580 ls1080">as </span><span class="pp-class-382 pa t30707 l55581 ls1099">the </span><span class="pp-class-382 pa t30707 l55582 ls1243">Group's </span><span class="pp-class-382 pa t30707 l55583 ls2088">consolidated </span><span class="pp-class-382 pa t30707 l55584 ls830">net </span><span class="pp-class-382 pa t30707 l55585 ls3377">currency </span><span class="pp-class-382 pa t30707 l55586 ls1323">cash </span><span class="pp-class-382 pa t30707 l55587 ls2784">flows </span><span class="pp-class-382 pa t30707 l55588 ls3105">from </span><span class="pp-class-382 pa t30712 l3 ls185">revenues </span><span class="pp-class-382 pa t30712 l55589 ls858">and </span><span class="pp-class-382 pa t30712 l55590 ls2944">operational </span><span class="pp-class-382 pa t30712 l17927 ls2486">costs. </span><span class="pp-class-382 pa t30712 l55591 ls858">The </span><span class="pp-class-382 pa t30712 l51934 ls1118">table </span><span class="pp-class-382 pa t30712 l55592 ls2784">shows </span><span class="pp-class-382 pa t30712 l55593 ls1099">the </span><span class="pp-class-382 pa t30712 l46140 ls728">impact </span><span class="pp-class-382 pa t30712 l25905 ls1080">on </span><span class="pp-class-382 pa t30712 l55594 ls1099">the </span><span class="pp-class-382 pa t30712 l55595 ls1243">Group's </span><span class="pp-class-382 pa t30712 l55596 ls2760">operating </span><span class="pp-class-382 pa t30712 l55597 ls1974">profit </span><span class="pp-class-382 pa t30712 l55598 ls3623">before </span><span class="pp-class-382 pa t30720 l3 ls3623">depreciation </span><span class="pp-class-382 pa t30720 l47268 ls858">and </span><span class="pp-class-382 pa t30720 l17300 ls238">amortisation </span><span class="pp-class-382 pa t30720 l55599 ls1772">(EBITDA). </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30841 l3 ls1099">All </span><span class="pp-class-382 pa t30841 l53440 ls1323">else </span><span class="pp-class-382 pa t30841 l55600 ls2486">equal, </span><span class="pp-class-382 pa t30841 l55601 ls302">a </span><span class="pp-class-382 pa t30841 l55602 ls2889">strengthening </span><span class="pp-class-382 pa t30841 l55603 ls103">of </span><span class="pp-class-382 pa t30841 l55604 ls1323">SEK, </span><span class="pp-class-382 pa t30841 l55605 ls55536">GBP, </span><span class="pp-class-382 pa t30841 l55317 ls1323">NOK, </span><span class="pp-class-382 pa t30841 l55606 ls34558">TRY, </span><span class="pp-class-382 pa t30841 l55607 ls1099">and </span><span class="pp-class-382 pa t30841 l55608 ls858">USD </span><span class="pp-class-382 pa t30841 l55609 ls1772">against </span><span class="pp-class-382 pa t30841 l55610 ls858">DKK </span><span class="pp-class-382 pa t30841 l55611 ls1083">at </span><span class="pp-class-382 pa t30841 l55612 ls1237">balance </span><span class="pp-class-382 pa t30841 l54549 ls296">sheet </span><span class="pp-class-382 pa t30841 l55613 ls852">date </span><span class="pp-class-382 pa t30841 l55614 ls1271">would </span><span class="pp-class-382 pa t30735 l3 ls728">impact </span><span class="pp-class-382 pa t30735 l55615 ls1099">the </span><span class="pp-class-382 pa t30735 l3503 ls1243">Group's </span><span class="pp-class-382 pa t30735 l55616 ls1974">profit </span><span class="pp-class-382 pa t30735 l53764 ls858">and </span><span class="pp-class-382 pa t30735 l55617 ls1323">loss </span><span class="pp-class-382 pa t30735 l55618 ls2784">by </span><span class="pp-class-382 pa t30735 l55619 ls858">the </span><span class="pp-class-382 pa t30735 l55620 ls1118">amounts </span><span class="pp-class-382 pa t30735 l55621 ls852">presented </span><span class="pp-class-382 pa t30735 l55622 ls14077">below.</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55623 l3 ls947">Operational </span><span class="pp-class-373 pa t55623 l55624 ls860">currency </span><span class="pp-class-373 pa t55623 l55625">cash </span><span class="pp-class-373 pa t55623 l55626 ls68">flow </span><span class="pp-class-373 pa t55623 l55627">risk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td colspan="2" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55623 l55628 ls246">EBITDA</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55629 l3">DKK </span><span class="pp-class-372 pa t55629 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55629 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55629 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55630 l3">SEK, </span><span class="pp-class-372 pa t55630 l55631">income </span><span class="pp-class-372 pa t55630 l41785 ls78">statement </span><span class="pp-class-372 pa t55630 l55632 ls1264">effect, </span><span class="pp-class-372 pa t55630 l55633 ls332">10% </span><span class="pp-class-372 pa t55630 l55634 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55630 l55635">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55630 l54678 ls14819">17</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55636 l3">NOK, </span><span class="pp-class-372 pa t55636 l55637">income </span><span class="pp-class-372 pa t55636 l55638 ls78">statement </span><span class="pp-class-372 pa t55636 l55639 ls1264">effect, </span><span class="pp-class-372 pa t55636 l51291 ls332">10% </span><span class="pp-class-372 pa t55636 l55640 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55636 l55641">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55636 l50195">12</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55642 l3 ls18810">GBP, </span><span class="pp-class-372 pa t55642 l55643">income </span><span class="pp-class-372 pa t55642 l55644 ls78">statement </span><span class="pp-class-372 pa t55642 l55645 ls1264">effect, </span><span class="pp-class-372 pa t55642 l51366 ls332">10% </span><span class="pp-class-372 pa t55642 l55646 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55642 l50235">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55642 l50195">21</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55647 l3 ls7212">TRY, </span><span class="pp-class-372 pa t55647 l17591">income </span><span class="pp-class-372 pa t55647 l45164 ls78">statement </span><span class="pp-class-372 pa t55647 l55648 ls1264">effect, </span><span class="pp-class-372 pa t55647 l49795 ls332">10% </span><span class="pp-class-372 pa t55647 l55649 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55647 l46326">-13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55647 l47294">-13</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55650 l3 ls1772">USD, </span><span class="pp-class-372 pa t55650 l55651">income </span><span class="pp-class-372 pa t55650 l55652 ls78">statement </span><span class="pp-class-372 pa t55650 l55653 ls1264">effect, </span><span class="pp-class-372 pa t55650 l55654 ls332">10% </span><span class="pp-class-372 pa t55650 l15348 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55650 l46225">-19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55650 l42482">-21</span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-370 pa t21055 l3">4.1 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">and </span><span class="pp-class-370 pa t21055 l54994 ls931">operational </span><span class="pp-class-370 pa t21055 l54995 ls99">risks</span><span class="pp-class-371 pa t21055 l55656"/><span class="pp-class-371 pa t21055 l55657 ls155">(continued)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t45774 l3 ls858">The </span><span class="pp-class-382 pa t45774 l16631 ls1015">Group’s </span><span class="pp-class-382 pa t45774 l44216 ls1323">most </span><span class="pp-class-382 pa t45774 l55658 ls806">significant </span><span class="pp-class-382 pa t45774 l1977 ls3377">currency </span><span class="pp-class-382 pa t45774 l43249 ls1237">balance </span><span class="pp-class-382 pa t45774 l55659 ls1073">positions </span><span class="pp-class-382 pa t45774 l55660 ls800">are </span><span class="pp-class-382 pa t45774 l55661 ls1080">in </span><span class="pp-class-382 pa t45774 l55662 ls16">EUR, </span><span class="pp-class-382 pa t45774 l55663 ls1323">SEK, </span><span class="pp-class-382 pa t45774 l55664 ls55536">GBP, </span><span class="pp-class-382 pa t45774 l55665 ls1323">NOK, </span><span class="pp-class-382 pa t45774 l54303 ls34558">TRY, </span><span class="pp-class-382 pa t45774 l45844 ls1099">and </span><span class="pp-class-382 pa t45774 l31854 ls858">USD </span><span class="pp-class-382 pa t45774 l55666 ls2531">relating </span><span class="pp-class-382 pa t45774 l55667 ls302">to </span><span class="pp-class-382 pa t45789 l3 ls1759">debt, </span><span class="pp-class-382 pa t45789 l54933 ls646">trade </span><span class="pp-class-382 pa t45789 l44360 ls1243">payables </span><span class="pp-class-382 pa t45789 l41430 ls858">and </span><span class="pp-class-382 pa t45789 l55668 ls646">trade </span><span class="pp-class-382 pa t45789 l55669 ls6007">receivables. </span><span class="pp-class-382 pa t45789 l47000 ls858">All </span><span class="pp-class-382 pa t45789 l55670 ls1323">else </span><span class="pp-class-382 pa t45789 l55671 ls1759">equal </span><span class="pp-class-382 pa t45789 l55672 ls302">a </span><span class="pp-class-382 pa t45789 l55673 ls2889">strengthening </span><span class="pp-class-382 pa t45789 l44225 ls103">of </span><span class="pp-class-382 pa t45789 l55674 ls1323">SEK, </span><span class="pp-class-382 pa t45789 l55675 ls55536">GBP, </span><span class="pp-class-382 pa t45789 l55676 ls1323">NOK, </span><span class="pp-class-382 pa t45789 l55677 ls34558">TRY, </span><span class="pp-class-382 pa t45789 l55678 ls1099">and </span><span class="pp-class-382 pa t45789 l55679 ls302">USD </span><span class="pp-class-382 pa t45805 l3 ls1772">against </span><span class="pp-class-382 pa t45805 l30998 ls858">DKK </span><span class="pp-class-382 pa t45805 l55680 ls1083">at </span><span class="pp-class-382 pa t45805 l55681 ls1237">balance </span><span class="pp-class-382 pa t45805 l55682 ls296">sheet </span><span class="pp-class-382 pa t45805 l55683 ls852">date </span><span class="pp-class-382 pa t45805 l55684 ls2142">would </span><span class="pp-class-382 pa t45805 l55685 ls185">have </span><span class="pp-class-382 pa t45805 l55686 ls1864">increased/decreased </span><span class="pp-class-382 pa t45805 l55687 ls1237">balance </span><span class="pp-class-382 pa t45805 l37564 ls296">sheet </span><span class="pp-class-382 pa t45805 l55688 ls1118">items </span><span class="pp-class-382 pa t45805 l55689 ls2784">by </span><span class="pp-class-382 pa t45805 l55690 ls1099">the </span><span class="pp-class-382 pa t45805 l55418 ls58">amounts </span><span class="pp-class-382 pa t45963 l3 ls852">presented </span><span class="pp-class-382 pa t45963 l49824 ls14077">below.</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55691 l3 ls860">Currency </span><span class="pp-class-373 pa t55691 l55692 ls813">balance </span><span class="pp-class-373 pa t55691 l55693">risk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55691 l55694"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55691 l42455"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55695 l3">DKK </span><span class="pp-class-372 pa t55695 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55695 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55695 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55696 l3">SEK, </span><span class="pp-class-372 pa t55696 l55631">equity </span><span class="pp-class-372 pa t55696 l47986">and </span><span class="pp-class-372 pa t55696 l55697">income </span><span class="pp-class-372 pa t55696 l55698 ls78">statement </span><span class="pp-class-372 pa t55696 l18188 ls1264">effect, </span><span class="pp-class-372 pa t55696 l54569 ls332">10% </span><span class="pp-class-372 pa t55696 l55699 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55696 l52978">-12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55696 l53222">-1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55700 l3 ls18810">GBP, </span><span class="pp-class-372 pa t55700 l55643">equity </span><span class="pp-class-372 pa t55700 l16754">and </span><span class="pp-class-372 pa t55700 l55701">income </span><span class="pp-class-372 pa t55700 l55702 ls78">statement </span><span class="pp-class-372 pa t55700 l55703 ls1264">effect, </span><span class="pp-class-372 pa t55700 l16396 ls332">10% </span><span class="pp-class-372 pa t55700 l55704 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55700 l55705">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55700 l42414">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55706 l3">NOK, </span><span class="pp-class-372 pa t55706 l55637">equity </span><span class="pp-class-372 pa t55706 l55707">and </span><span class="pp-class-372 pa t55706 l55708">income </span><span class="pp-class-372 pa t55706 l55709 ls78">statement </span><span class="pp-class-372 pa t55706 l55710 ls1264">effect, </span><span class="pp-class-372 pa t55706 l55711 ls332">10% </span><span class="pp-class-372 pa t55706 l55712 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55706 l54040">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55706 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55713 l3 ls7212">TRY, </span><span class="pp-class-372 pa t55713 l17591">equity </span><span class="pp-class-372 pa t55713 l55714">and </span><span class="pp-class-372 pa t55713 l4135">income </span><span class="pp-class-372 pa t55713 l55715 ls78">statement </span><span class="pp-class-372 pa t55713 l55716 ls1264">effect, </span><span class="pp-class-372 pa t55713 l30851 ls332">10% </span><span class="pp-class-372 pa t55713 l55717 ls128">strengthening</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55713 l54027">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55713 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55718 l3 ls1772">USD, </span><span class="pp-class-372 pa t55718 l55651">equity </span><span class="pp-class-372 pa t55718 l55719">and </span><span class="pp-class-372 pa t55718 l55720">income </span><span class="pp-class-372 pa t55718 l46500 ls78">statement </span><span class="pp-class-372 pa t55718 l44154 ls1264">effect, </span><span class="pp-class-372 pa t55718 l55721 ls332">10% </span><span class="pp-class-372 pa t55718 l55722 ls944">strengthening </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55718 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55718 l47332">-6</span></p></td></tr></table> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t55723 l3 ls1073">Liquidity </span><span class="pp-class-383 pa t55723 l55724 ls6007">risks</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55725 l3 ls1323">DFDS </span><span class="pp-class-382 pa t55725 l41618 ls1073">Financial </span><span class="pp-class-382 pa t55725 l54552 ls2787">Policy </span><span class="pp-class-382 pa t55725 l41595 ls1080">is </span><span class="pp-class-382 pa t55725 l38028 ls1759">to </span><span class="pp-class-382 pa t55725 l55726 ls1083">secure </span><span class="pp-class-382 pa t55725 l55727 ls1974">adequate </span><span class="pp-class-382 pa t55725 l55728 ls1073">liquidity </span><span class="pp-class-382 pa t55725 l55729 ls1759">to </span><span class="pp-class-382 pa t55725 l53932 ls806">meet </span><span class="pp-class-382 pa t55725 l44260 ls1073">financial </span><span class="pp-class-382 pa t55725 l55730 ls1099">and </span><span class="pp-class-382 pa t55725 l55731 ls2944">operational </span><span class="pp-class-382 pa t55725 l49523 ls8853">payment </span><span class="pp-class-382 pa t55725 l25063 ls4275">obligations </span><span class="pp-class-382 pa t55732 l3 ls2784">by </span><span class="pp-class-382 pa t55732 l43783 ls1701">maintaining </span><span class="pp-class-382 pa t55732 l16389 ls302">a </span><span class="pp-class-382 pa t55732 l55733 ls1237">minimum </span><span class="pp-class-382 pa t55732 l54097 ls103">of </span><span class="pp-class-382 pa t55732 l55734 ls1323">1.2x </span><span class="pp-class-382 pa t55732 l11397 ls1323">cash </span><span class="pp-class-382 pa t55732 l49797 ls1150">sources </span><span class="pp-class-382 pa t55732 l55735 ls2671">over </span><span class="pp-class-382 pa t55732 l55736 ls1323">cash </span><span class="pp-class-382 pa t55732 l55737 ls1323">uses </span><span class="pp-class-382 pa t55732 l55738 ls3278">for </span><span class="pp-class-382 pa t55732 l52029 ls858">the </span><span class="pp-class-382 pa t55732 l55739 ls1243">next </span><span class="pp-class-382 pa t55732 l55740 ls1080">12 </span><span class="pp-class-382 pa t55732 l55741 ls1118">months. </span><span class="pp-class-382 pa t55732 l55742 ls1099">The </span><span class="pp-class-382 pa t55732 l55743 ls2760">year-end </span><span class="pp-class-382 pa t55732 l55744 ls1099">sum </span><span class="pp-class-382 pa t55732 l55745 ls134">of </span><span class="pp-class-382 pa t55746 l3 ls2889">total </span><span class="pp-class-382 pa t55746 l36740 ls1323">cash </span><span class="pp-class-382 pa t55746 l55747 ls858">and </span><span class="pp-class-382 pa t55746 l15253 ls2401">undrawn </span><span class="pp-class-382 pa t55746 l55748 ls803">committed </span><span class="pp-class-382 pa t55746 l55749 ls728">facilities </span><span class="pp-class-382 pa t55746 l53922 ls1150">was </span><span class="pp-class-382 pa t55746 l55750 ls1099">DKK </span><span class="pp-class-382 pa t55746 l55751 ls19370">3,383m </span><span class="pp-class-382 pa t55746 l55752 ls2486">(2023: </span><span class="pp-class-382 pa t55746 l55753 ls1099">DKK </span><span class="pp-class-382 pa t55746 l55754 ls19370">3,509m), </span><span class="pp-class-382 pa t55746 l55755 ls103">of </span><span class="pp-class-382 pa t55746 l55756 ls1759">which </span><span class="pp-class-382 pa t55746 l55757 ls1463">undrawn </span><span class="pp-class-382 pa t55758 l3 ls803">committed </span><span class="pp-class-382 pa t55758 l55759 ls728">facilities </span><span class="pp-class-382 pa t55758 l55760 ls1073">amount </span><span class="pp-class-382 pa t55758 l55761 ls1759">to </span><span class="pp-class-382 pa t55758 l55762 ls858">DKK </span><span class="pp-class-382 pa t55758 l55763 ls6498">1,794m </span><span class="pp-class-382 pa t55758 l27084 ls2486">(2023: </span><span class="pp-class-382 pa t55758 l55764 ls1099">DKK </span><span class="pp-class-382 pa t55758 l55765 ls3166">2,772m). </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t55766 l3 ls1080">As </span><span class="pp-class-382 pa t55766 l50750 ls1073">described </span><span class="pp-class-382 pa t55766 l55767 ls1080">in </span><span class="pp-class-382 pa t55766 l48826 ls1859">Note </span><span class="pp-class-382 pa t55766 l22717 ls31888">3.2.3, </span><span class="pp-class-382 pa t55766 l55768 ls858">the </span><span class="pp-class-382 pa t55766 l16370 ls2784">Group </span><span class="pp-class-382 pa t55766 l55769 ls1818">participates </span><span class="pp-class-382 pa t55766 l55770 ls1080">in </span><span class="pp-class-382 pa t55766 l55771 ls2149">supply </span><span class="pp-class-382 pa t55766 l55772 ls1759">chain </span><span class="pp-class-382 pa t55766 l55773 ls1073">financing </span><span class="pp-class-382 pa t55766 l55774 ls2970">arrangements </span><span class="pp-class-382 pa t55766 l55775 ls1759">which </span><span class="pp-class-382 pa t55766 l55776 ls2145">provide </span><span class="pp-class-382 pa t55766 l55777 ls302">the </span><span class="pp-class-382 pa t55778 l3 ls2784">Group </span><span class="pp-class-382 pa t55778 l45911 ls1323">with </span><span class="pp-class-382 pa t55778 l55779 ls1083">extended </span><span class="pp-class-382 pa t55778 l18342 ls8853">payment </span><span class="pp-class-382 pa t55778 l16289 ls1118">terms </span><span class="pp-class-382 pa t55778 l55780 ls1323">with </span><span class="pp-class-382 pa t55778 l55781 ls2970">banks </span><span class="pp-class-382 pa t55778 l55782 ls1080">as </span><span class="pp-class-382 pa t55778 l55783 ls1237">finance </span><span class="pp-class-382 pa t55778 l55784 ls828">providers. </span><span class="pp-class-382 pa t55778 l55785 ls1099">The </span><span class="pp-class-382 pa t55778 l55786 ls2970">banks </span><span class="pp-class-382 pa t55778 l55787 ls800">are </span><span class="pp-class-382 pa t55778 l55788 ls4396">externally </span><span class="pp-class-382 pa t55778 l55789 ls2769">rated </span><span class="pp-class-382 pa t55778 l55790 ls1323">with </span><span class="pp-class-382 pa t55778 l55791 ls1955">high </span><span class="pp-class-382 pa t55792 l3 ls1237">quality </span><span class="pp-class-382 pa t55792 l33529 ls1083">credit </span><span class="pp-class-382 pa t55792 l30948 ls1083">scores </span><span class="pp-class-382 pa t55792 l17351 ls858">and </span><span class="pp-class-382 pa t55792 l2411 ls185">have </span><span class="pp-class-382 pa t55792 l55793 ls302">a </span><span class="pp-class-382 pa t55792 l45807 ls2694">long-standing </span><span class="pp-class-382 pa t55792 l55794 ls3623">relationship </span><span class="pp-class-382 pa t55792 l55795 ls1323">with </span><span class="pp-class-382 pa t55792 l55796 ls1759">DFDS. </span><span class="pp-class-382 pa t55792 l55797 ls858">The </span><span class="pp-class-382 pa t55792 l55798 ls2784">Group </span><span class="pp-class-382 pa t55792 l55799 ls715">therefore </span><span class="pp-class-382 pa t55792 l54283 ls1323">sees </span><span class="pp-class-382 pa t55792 l55800 ls1080">no </span><span class="pp-class-382 pa t55792 l55801 ls276">significant </span><span class="pp-class-382 pa t55802 l3 ls1073">liquidity </span><span class="pp-class-382 pa t55802 l55803 ls1323">risk </span><span class="pp-class-382 pa t55802 l55804 ls3458">related </span><span class="pp-class-382 pa t55802 l19048 ls1759">to </span><span class="pp-class-382 pa t55802 l50035 ls858">the </span><span class="pp-class-382 pa t55802 l55805 ls1237">finance </span><span class="pp-class-382 pa t55802 l14668 ls1316">providers’ </span><span class="pp-class-382 pa t55802 l55806 ls1237">ability </span><span class="pp-class-382 pa t55802 l55807 ls1759">to </span><span class="pp-class-382 pa t55802 l55808 ls1237">finance </span><span class="pp-class-382 pa t55802 l41571 ls1099">the </span><span class="pp-class-382 pa t55802 l55809 ls2970">arrangements.</span></p><div id="pp-id-5236" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h55810 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t328 l3 ls1759">DFDS’ </span><span class="pp-class-382 pa t328 l55811 ls4305">contractual </span><span class="pp-class-382 pa t328 l50708 ls688">maturities </span><span class="pp-class-382 pa t328 l35957 ls103">of </span><span class="pp-class-382 pa t328 l32851 ls1073">financial </span><span class="pp-class-382 pa t328 l55812 ls296">instruments, </span><span class="pp-class-382 pa t328 l44104 ls3474">including </span><span class="pp-class-382 pa t328 l55813 ls3105">estimated </span><span class="pp-class-382 pa t328 l55814 ls2784">interest </span><span class="pp-class-382 pa t328 l55815 ls6360">payments, </span><span class="pp-class-382 pa t328 l55816 ls800">are </span><span class="pp-class-382 pa t328 l55817 ls1974">stated </span><span class="pp-class-382 pa t328 l55818 ls1080">in </span><span class="pp-class-382 pa t328 l55819 ls302">the </span><span class="pp-class-382 pa t30568 l3 ls1118">table </span><span class="pp-class-382 pa t30568 l17580 ls2142">below:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55820 l3">DKK </span><span class="pp-class-372 pa t55820 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55820 l55821"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55820 l55822"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55820 l55694"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55820 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55823 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55823 l55824">0-1 </span><span class="pp-class-373 pa t55823 l55825 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55823 l42731 ls1073">1-3 </span><span class="pp-class-373 pa t55823 l55826 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55823 l50673">3-5 </span><span class="pp-class-373 pa t55823 l55827 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55828 l55829 ls16">After </span><span class="pp-class-373 pa t55828 l55830">5 </span><span class="pp-class-373 pa t55823 l42665 ls68">years</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55831 l3 ls68">Non-derivative </span><span class="pp-class-373 pa t55831 l43314 ls2548">financial </span><span class="pp-class-373 pa t55831 l55832 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55833 l3">Cash</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55833 l55834 ls276">1,589</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55833 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55833 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55833 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55835 l3 ls14077">Trade </span><span class="pp-class-372 pa t55835 l42817 ls134">receivables </span><span class="pp-class-372 pa t55835 l55836 ls96">including </span><span class="pp-class-372 pa t55835 l55837 ls1326">work </span><span class="pp-class-372 pa t55835 l55838">in </span><span class="pp-class-372 pa t55835 l55839 ls230">progress </span><span class="pp-class-372 pa t55835 l55840 ls1227">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55835 l47066">4,203</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55835 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55835 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55835 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55841 l3 ls1264">Receivables </span><span class="pp-class-372 pa t55841 l42796 ls931">from </span><span class="pp-class-372 pa t55841 l52876 ls128">associates </span><span class="pp-class-372 pa t55841 l52877">and </span><span class="pp-class-372 pa t55841 l52878 ls907">joint </span><span class="pp-class-372 pa t55841 l52879 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55841 l55842">45</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55841 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55841 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55841 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55843 l3">Other </span><span class="pp-class-372 pa t55843 l8525 ls134">receivables </span><span class="pp-class-372 pa t55843 l24264">and </span><span class="pp-class-372 pa t55843 l38807 ls1326">current </span><span class="pp-class-372 pa t55843 l52891 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55843 l50275 ls1080">624</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55843 l48740">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55843 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55843 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55844 l3 ls5558">Derivative </span><span class="pp-class-373 pa t55844 l55845 ls2548">financial </span><span class="pp-class-373 pa t55844 l55846 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55847 l3 ls884">Interest </span><span class="pp-class-372 pa t55847 l14027 ls274">swaps </span><span class="pp-class-372 pa t55847 l55848">&amp; </span><span class="pp-class-372 pa t55847 l55849">caps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55847 l55850 ls1077">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55847 l55851">21</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55847 l55852 ls1077">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55847 l50455 ls16">27</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55853 l3 ls931">Forward </span><span class="pp-class-372 pa t55853 l55854 ls230">exchange </span><span class="pp-class-372 pa t55853 l34108 ls978">contracts </span><span class="pp-class-372 pa t55853 l55855">and </span><span class="pp-class-372 pa t55853 l55856 ls281">currency </span><span class="pp-class-372 pa t55853 l55857 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55853 l52525">36</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55853 l55858">19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55853 l55859">19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55853 l48777">13</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55860 l3 ls2459">Total </span><span class="pp-class-373 pa t55860 l29712 ls2548">financial </span><span class="pp-class-373 pa t55860 l55861 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55860 l55862 ls1463">6,510</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55860 l55863">42</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55860 l55864">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55860 l55865">40</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55866 l3 ls68">Non-derivative </span><span class="pp-class-373 pa t55866 l43314 ls2548">financial </span><span class="pp-class-373 pa t55866 l55832">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55867 l3">Bank </span><span class="pp-class-372 pa t55867 l55868">loans </span><span class="pp-class-372 pa t55867 l55869">and </span><span class="pp-class-372 pa t55867 l55870 ls2329">mortgage </span><span class="pp-class-372 pa t55867 l15524">on </span><span class="pp-class-372 pa t55867 l55871 ls90">ferries </span><span class="pp-class-372 pa t55867 l55872">and </span><span class="pp-class-372 pa t55867 l55873 ls72">other </span><span class="pp-class-372 pa t55867 l16189">ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55867 l55874">882</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55867 l55875 ls1150">9,220</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55867 l54339">428</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55867 l55876 ls2766">947</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55877 l3">Issued </span><span class="pp-class-372 pa t55877 l46451 ls68">corporate </span><span class="pp-class-372 pa t55877 l55878">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55877 l55879 ls2835">141</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55877 l55880">1,280</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55877 l55881 ls1073">1,060</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55877 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55882 l3">Lease </span><span class="pp-class-372 pa t55882 l50415">liabilities </span><span class="pp-class-372 pa t55882 l50416 ls982">(undiscounted)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55882 l55883">1,293</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55882 l55884 ls1073">2,659</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55882 l50404">1,296</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55882 l55885 ls276">1,551</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55886 l3 ls14077">Trade </span><span class="pp-class-372 pa t55886 l42817 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55886 l55887 ls2955">3,984</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55886 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55886 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55886 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55888 l3 ls2835">Payables </span><span class="pp-class-372 pa t55888 l52980 ls166">to </span><span class="pp-class-372 pa t55888 l53477 ls128">associates </span><span class="pp-class-372 pa t55888 l53478">and </span><span class="pp-class-372 pa t55888 l17564 ls907">joint </span><span class="pp-class-372 pa t55888 l6883 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55888 l55889 ls302">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55888 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55888 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55888 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55890 l3">Other </span><span class="pp-class-372 pa t55890 l8525 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55890 l55891">233</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55890 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55890 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55890 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55892 l3 ls5558">Derivative </span><span class="pp-class-373 pa t55892 l55845 ls2548">financial </span><span class="pp-class-373 pa t55892 l55846">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55893 l3 ls884">Interest </span><span class="pp-class-372 pa t55893 l14027 ls274">swaps </span><span class="pp-class-372 pa t55893 l55848">&amp; </span><span class="pp-class-372 pa t55893 l55849">caps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55893 l55894">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55893 l48732">31</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55893 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55893 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55895 l3 ls110">Cross </span><span class="pp-class-372 pa t55895 l18145 ls281">currency </span><span class="pp-class-372 pa t55895 l55896 ls884">interest </span><span class="pp-class-372 pa t55895 l54589 ls3474">rate </span><span class="pp-class-372 pa t55895 l55897 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55895 l55898">40</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55895 l50157">35</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55895 l52990">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55895 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55899 l3 ls931">Forward </span><span class="pp-class-372 pa t55899 l55854 ls230">exchange </span><span class="pp-class-372 pa t55899 l34108 ls978">contracts </span><span class="pp-class-372 pa t55899 l55855">and </span><span class="pp-class-372 pa t55899 l55856 ls281">currency </span><span class="pp-class-372 pa t55899 l55857 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55899 l55900">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55899 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55899 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55899 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55901 l3 ls2459">Total </span><span class="pp-class-373 pa t55901 l29712 ls2548">financial </span><span class="pp-class-373 pa t55901 l55861">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55901 l55902 ls2401">6,618</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55901 l55903 ls225">13,225</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55901 l53485 ls14385">2,793</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55901 l55904 ls81">2,498</span></p></td></tr></table></div></div><div id="pp-id-5237" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h55906 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.1 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">and </span><span class="pp-class-370 pa t21055 l54994 ls931">operational </span><span class="pp-class-370 pa t21055 l54995 ls99">risks</span><span class="pp-class-371 pa t21055 l55656"/><span class="pp-class-371 pa t21055 l55657 ls155">(continued)</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l55821"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l55822"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l55694"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49281 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49281 l55824">0-1 </span><span class="pp-class-373 pa t49281 l55825 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49281 l42731 ls1073">1-3 </span><span class="pp-class-373 pa t49281 l55826 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49281 l50673">3-5 </span><span class="pp-class-373 pa t49281 l55827 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48946 l55829 ls16">After </span><span class="pp-class-373 pa t48946 l55830">5 </span><span class="pp-class-373 pa t49281 l42665 ls68">years</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55907 l3 ls68">Non-derivative </span><span class="pp-class-373 pa t55907 l43314 ls2548">financial </span><span class="pp-class-373 pa t55907 l55832 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55908 l3">Cash</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55908 l55909 ls2142">737</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55908 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55908 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55908 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55910 l3 ls14077">Trade </span><span class="pp-class-372 pa t55910 l42817 ls134">receivables </span><span class="pp-class-372 pa t55910 l55836 ls96">including </span><span class="pp-class-372 pa t55910 l55837 ls1326">work </span><span class="pp-class-372 pa t55910 l55838">in </span><span class="pp-class-372 pa t55910 l55839 ls230">progress </span><span class="pp-class-372 pa t55910 l55840 ls1227">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55910 l55911 ls38921">3,758</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55910 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55910 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55910 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55912 l3 ls1264">Receivables </span><span class="pp-class-372 pa t55912 l42796 ls931">from </span><span class="pp-class-372 pa t55912 l52876 ls128">associates </span><span class="pp-class-372 pa t55912 l52877">and </span><span class="pp-class-372 pa t55912 l52878 ls907">joint </span><span class="pp-class-372 pa t55912 l52879 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55912 l55913">38</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55912 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55912 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55912 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55914 l3">Other </span><span class="pp-class-372 pa t55914 l8525 ls134">receivables </span><span class="pp-class-372 pa t55914 l24264">and </span><span class="pp-class-372 pa t55914 l38807 ls1326">current </span><span class="pp-class-372 pa t55914 l52891 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55914 l55915">663</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55914 l48860">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55914 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55914 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55916 l3 ls5558">Derivative </span><span class="pp-class-373 pa t55916 l55845 ls2548">financial </span><span class="pp-class-373 pa t55916 l55846 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55917 l3">Commodity </span><span class="pp-class-372 pa t55917 l55918 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55917 l50246">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55917 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55917 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55917 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55919 l3 ls884">Interest </span><span class="pp-class-372 pa t55919 l14027 ls274">swaps </span><span class="pp-class-372 pa t55919 l55848">&amp; </span><span class="pp-class-372 pa t55919 l55849">caps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55919 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55919 l55920">23</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55919 l50255">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55919 l47202 ls728">78</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55921 l3 ls110">Cross </span><span class="pp-class-372 pa t55921 l18145 ls281">currency </span><span class="pp-class-372 pa t55921 l55896 ls884">interest </span><span class="pp-class-372 pa t55921 l54589 ls3474">rate </span><span class="pp-class-372 pa t55921 l55897 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55921 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55921 l48857">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55921 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55921 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55922 l3 ls931">Forward </span><span class="pp-class-372 pa t55922 l55854 ls230">exchange </span><span class="pp-class-372 pa t55922 l34108 ls978">contracts </span><span class="pp-class-372 pa t55922 l55855">and </span><span class="pp-class-372 pa t55922 l55856 ls281">currency </span><span class="pp-class-372 pa t55922 l55857 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55922 l48851">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55922 l46202">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55922 l50255">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55922 l48746 ls1077">14</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55923 l3 ls2459">Total </span><span class="pp-class-373 pa t55923 l29712 ls2548">financial </span><span class="pp-class-373 pa t55923 l55861 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55923 l55924 ls1323">5,216</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55923 l55863">42</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55923 l55925">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55923 l55926">92</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55927 l3 ls68">Non-derivative </span><span class="pp-class-373 pa t55927 l43314 ls2548">financial </span><span class="pp-class-373 pa t55927 l55832">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55928 l3">Bank </span><span class="pp-class-372 pa t55928 l55868">loans </span><span class="pp-class-372 pa t55928 l55869">and </span><span class="pp-class-372 pa t55928 l55870 ls2329">mortgage </span><span class="pp-class-372 pa t55928 l15524">on </span><span class="pp-class-372 pa t55928 l55871 ls90">ferries </span><span class="pp-class-372 pa t55928 l55872">and </span><span class="pp-class-372 pa t55928 l55873 ls72">other </span><span class="pp-class-372 pa t55928 l16189">ships</span><span class="pp-class-389 pa t55928 l55929">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55928 l55930">594</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55928 l55931 ls2955">3,903</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55928 l55932 ls1073">3,106</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55928 l55933 ls81">1,146</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55934 l3">Issued </span><span class="pp-class-372 pa t55934 l46451 ls68">corporate </span><span class="pp-class-372 pa t55934 l55878">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55934 l55935">341</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55934 l55936 ls24195">748</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55934 l50359">355</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55934 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55937 l3">Lease </span><span class="pp-class-372 pa t55937 l50415">liabilities </span><span class="pp-class-372 pa t55937 l50416 ls982">(undiscounted)</span><span class="pp-class-389 pa t55937 l55938">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55937 l55939 ls2848">1,171</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55937 l50139 ls34">2,273</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55937 l55940 ls88">1,352</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55937 l50409 ls1073">1,904</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55941 l3 ls14077">Trade </span><span class="pp-class-372 pa t55941 l42817 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55941 l55942 ls3377">3,461</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55941 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55941 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55941 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55943 l3 ls2835">Payables </span><span class="pp-class-372 pa t55943 l52980 ls166">to </span><span class="pp-class-372 pa t55943 l53477 ls128">associates </span><span class="pp-class-372 pa t55943 l53478">and </span><span class="pp-class-372 pa t55943 l17564 ls907">joint </span><span class="pp-class-372 pa t55943 l6883 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55943 l53743">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55943 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55943 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55943 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55944 l3">Other </span><span class="pp-class-372 pa t55944 l8525 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55944 l55945">254</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55944 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55944 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55944 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55946 l3 ls5558">Derivative </span><span class="pp-class-373 pa t55946 l55845 ls2548">financial </span><span class="pp-class-373 pa t55946 l55846">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55947 l3 ls884">Interest </span><span class="pp-class-372 pa t55947 l14027 ls274">swaps </span><span class="pp-class-372 pa t55947 l55848">&amp; </span><span class="pp-class-372 pa t55947 l55849">caps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55947 l48739">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55947 l55851">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55947 l50449">30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55947 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55948 l3 ls110">Cross </span><span class="pp-class-372 pa t55948 l18145 ls281">currency </span><span class="pp-class-372 pa t55948 l55896 ls884">interest </span><span class="pp-class-372 pa t55948 l54589 ls3474">rate </span><span class="pp-class-372 pa t55948 l55897 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55948 l55949">34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55948 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55948 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55948 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55950 l3 ls931">Forward </span><span class="pp-class-372 pa t55950 l55854 ls230">exchange </span><span class="pp-class-372 pa t55950 l34108 ls978">contracts </span><span class="pp-class-372 pa t55950 l55855">and </span><span class="pp-class-372 pa t55950 l55856 ls281">currency </span><span class="pp-class-372 pa t55950 l55857 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55950 l55951 ls124">18</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55950 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55950 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t55950 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55952 l3 ls2459">Total </span><span class="pp-class-373 pa t55952 l29712 ls2548">financial </span><span class="pp-class-373 pa t55952 l55861">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55952 l55953 ls712">5,876</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55952 l55954 ls1101">6,936</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55952 l55955 ls978">4,844</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t55952 l42271 ls852">3,050</span></p></td></tr></table></div></div><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t328 l3 ls1701">Assumptions </span><span class="pp-class-383 pa t328 l4249 ls1077">for </span><span class="pp-class-383 pa t328 l55957 ls858">the </span><span class="pp-class-383 pa t328 l55958 ls5069">maturity </span><span class="pp-class-383 pa t328 l55959 ls1319">table:</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30568 l3 ls858">The </span><span class="pp-class-382 pa t30568 l16631 ls1101">maturity </span><span class="pp-class-382 pa t30568 l31707 ls2531">analysis </span><span class="pp-class-382 pa t30568 l42486 ls1080">is </span><span class="pp-class-382 pa t30568 l55960 ls1759">based </span><span class="pp-class-382 pa t30568 l44821 ls1080">on </span><span class="pp-class-382 pa t30568 l33946 ls1701">undiscounted </span><span class="pp-class-382 pa t30568 l55961 ls1323">cash </span><span class="pp-class-382 pa t30568 l55962 ls2784">flows </span><span class="pp-class-382 pa t30568 l55963 ls3474">including </span><span class="pp-class-382 pa t30568 l55964 ls3105">estimated </span><span class="pp-class-382 pa t30568 l55965 ls2784">interest </span><span class="pp-class-382 pa t30568 l43913 ls6360">payments. </span><span class="pp-class-382 pa t30568 l55966 ls5069">Interest </span><span class="pp-class-382 pa t30575 l3 ls5069">payments </span><span class="pp-class-382 pa t30575 l51240 ls800">are </span><span class="pp-class-382 pa t30575 l55967 ls3105">estimated </span><span class="pp-class-382 pa t30575 l55968 ls1759">based </span><span class="pp-class-382 pa t30575 l55969 ls1080">on </span><span class="pp-class-382 pa t30575 l55970 ls8853">existing </span><span class="pp-class-382 pa t30575 l55971 ls3623">market </span><span class="pp-class-382 pa t30575 l55972 ls819">conditions.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30588 l3 ls858">The </span><span class="pp-class-382 pa t30588 l16631 ls1701">undiscounted </span><span class="pp-class-382 pa t30588 l55973 ls1323">cash </span><span class="pp-class-382 pa t30588 l55974 ls2784">flows </span><span class="pp-class-382 pa t30588 l55975 ls3458">related </span><span class="pp-class-382 pa t30588 l55976 ls1759">to </span><span class="pp-class-382 pa t30588 l55977 ls4279">derivative </span><span class="pp-class-382 pa t30588 l55978 ls1073">financial </span><span class="pp-class-382 pa t30588 l20952 ls1118">liabilities </span><span class="pp-class-382 pa t30588 l55979 ls800">are </span><span class="pp-class-382 pa t30588 l55980 ls852">presented </span><span class="pp-class-382 pa t30588 l55981 ls1083">at </span><span class="pp-class-382 pa t30588 l55982 ls2784">gross </span><span class="pp-class-382 pa t30588 l55983 ls1118">amounts </span><span class="pp-class-382 pa t30588 l55984 ls1110">unless </span><span class="pp-class-382 pa t30593 l3 ls858">the </span><span class="pp-class-382 pa t30593 l43824 ls1110">parties </span><span class="pp-class-382 pa t30593 l55985 ls6007">according </span><span class="pp-class-382 pa t30593 l55986 ls1759">to </span><span class="pp-class-382 pa t30593 l55987 ls858">the </span><span class="pp-class-382 pa t30593 l55988 ls800">contract </span><span class="pp-class-382 pa t30593 l52024 ls185">have </span><span class="pp-class-382 pa t30593 l55989 ls302">a </span><span class="pp-class-382 pa t30593 l30668 ls1305">right </span><span class="pp-class-382 pa t30593 l55990 ls1080">or </span><span class="pp-class-382 pa t30593 l55991 ls688">obligation </span><span class="pp-class-382 pa t30593 l55992 ls1759">to </span><span class="pp-class-382 pa t30593 l55993 ls1244">settle </span><span class="pp-class-382 pa t30593 l55994 ls1083">at </span><span class="pp-class-382 pa t30593 l55995 ls830">net </span><span class="pp-class-382 pa t30593 l55996 ls1323">amount.</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30689 l3 ls1237">Capital </span><span class="pp-class-383 pa t30689 l16556 ls5039">structure</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30696 l3 ls858">The </span><span class="pp-class-382 pa t30696 l16631 ls1323">starting </span><span class="pp-class-382 pa t30696 l56092 ls1305">point </span><span class="pp-class-382 pa t30696 l56093 ls3278">for </span><span class="pp-class-382 pa t30696 l56094 ls2489">determining </span><span class="pp-class-382 pa t30696 l27683 ls858">the </span><span class="pp-class-382 pa t30696 l43828 ls646">level </span><span class="pp-class-382 pa t30696 l35648 ls103">of </span><span class="pp-class-382 pa t30696 l56095 ls806">capital </span><span class="pp-class-382 pa t30696 l56096 ls830">distribution </span><span class="pp-class-382 pa t30696 l43777 ls1759">to </span><span class="pp-class-382 pa t30696 l56097 ls3105">shareholders </span><span class="pp-class-382 pa t30696 l56098 ls1080">is </span><span class="pp-class-382 pa t30696 l56099 ls1099">the </span><span class="pp-class-382 pa t30696 l56100 ls852">current </span><span class="pp-class-382 pa t30696 l56101 ls858">and </span><span class="pp-class-382 pa t30696 l56102 ls1150">expected </span><span class="pp-class-382 pa t30703 l3 ls1083">future </span><span class="pp-class-382 pa t30703 l34026 ls1073">financial </span><span class="pp-class-382 pa t30703 l56103 ls6791">leverage </span><span class="pp-class-382 pa t30703 l12025 ls8853">measured </span><span class="pp-class-382 pa t30703 l56104 ls1080">as </span><span class="pp-class-382 pa t30703 l56105 ls858">the </span><span class="pp-class-382 pa t30703 l56106 ls1864">ratio </span><span class="pp-class-382 pa t30703 l56107 ls1244">between </span><span class="pp-class-382 pa t30703 l56108 ls1323">NIBD </span><span class="pp-class-382 pa t30703 l56109 ls1099">and </span><span class="pp-class-382 pa t30703 l56110 ls1237">EBITDA. </span><span class="pp-class-382 pa t30703 l56111 ls14023">Target </span><span class="pp-class-382 pa t30703 l56112 ls6791">leverage </span><span class="pp-class-382 pa t30703 l56113 ls1080">is </span><span class="pp-class-382 pa t30703 l36854 ls302">a </span><span class="pp-class-382 pa t30703 l56114 ls1864">ratio </span><span class="pp-class-382 pa t30703 l56115 ls688">between </span><span class="pp-class-382 pa t30707 l3 ls8012">2.0 </span><span class="pp-class-382 pa t30707 l54910 ls858">and </span><span class="pp-class-382 pa t30707 l54911 ls45816">3.0. </span><span class="pp-class-382 pa t30707 l54912 ls1083">NIBD/EBITDA </span><span class="pp-class-382 pa t30707 l56116 ls1150">was </span><span class="pp-class-382 pa t30707 l56117 ls2763">3.9 </span><span class="pp-class-382 pa t30707 l56118 ls1083">at </span><span class="pp-class-382 pa t30707 l56119 ls2760">year-end </span><span class="pp-class-382 pa t30707 l56120 ls2854">2024. </span><span class="pp-class-382 pa t30707 l56121 ls1772">For </span><span class="pp-class-382 pa t30707 l56122 ls99">shorter </span><span class="pp-class-382 pa t30707 l56123 ls2694">periods, </span><span class="pp-class-382 pa t30707 l56124 ls6791">leverage </span><span class="pp-class-382 pa t30707 l56125 ls1099">can </span><span class="pp-class-382 pa t30707 l56126 ls2671">move </span><span class="pp-class-382 pa t30707 l56127 ls1237">outside </span><span class="pp-class-382 pa t30707 l20769 ls858">the </span><span class="pp-class-382 pa t30707 l56128 ls728">range </span><span class="pp-class-382 pa t30712 l3 ls858">due </span><span class="pp-class-382 pa t30712 l29339 ls1759">to </span><span class="pp-class-382 pa t30712 l29340 ls1237">special </span><span class="pp-class-382 pa t30712 l30636 ls7694">events, </span><span class="pp-class-382 pa t30712 l56129 ls2142">e.g., </span><span class="pp-class-382 pa t30712 l56130 ls1083">larger </span><span class="pp-class-382 pa t30712 l56131 ls1772">acquisitions.</span></p> <div id="pp-id-5117" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls1759 wtro3159 wtr1293 tro3160 tr1294">Restated </span><span class="pp-class-376 pa t3433 l56132 ls3572 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-376 pa t3433 l56133 ls931 wtro3159 wtr1293 tro3160 tr1294">changes </span><span class="pp-class-376 pa t3433 l56134 ls128 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-376 pa t3439 l3 ls1733 wtro3159 wtr1293 tro3160 tr1294">accounting </span><span class="pp-class-376 pa t3439 l41418 ls2955 wtro3159 wtr1293 tro3160 tr1294">policy, </span><span class="pp-class-376 pa t3439 l56135 ls53 wtro3159 wtr1293 tro3160 tr1294">refer </span><span class="pp-class-376 pa t3445 l3 ls2835 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-376 pa t3445 l56136 ls3572 wtro3159 wtr1293 tro3160 tr1294">note </span><span class="pp-class-376 pa t3445 l56137 ls182 wtro3159 wtr1293 tro3160 tr1294">1.2.</span></p></div></div><div id="pp-id-5239" xmlns="http://www.w3.org/1999/xhtml"><div class="w42856 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.1 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">and </span><span class="pp-class-370 pa t21055 l54994 ls931">operational </span><span class="pp-class-370 pa t21055 l54995 ls99">risks</span><span class="pp-class-371 pa t21055 l55656"/><span class="pp-class-371 pa t21055 l55657 ls155">(continued)</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l56138 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l41801"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56139"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56140"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56141"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56142"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td colspan="4" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48946 l56143 ls287">Expected </span><span class="pp-class-373 pa t48946 l56144">timing </span><span class="pp-class-373 pa t48946 l56145">of </span><span class="pp-class-373 pa t48946 l56146 ls840">recycling </span><span class="pp-class-373 pa t48946 l56147">to </span><span class="pp-class-373 pa t48946 l56148">income </span><span class="pp-class-373 pa t49281 l56149 ls254">statement </span><span class="pp-class-373 pa t49281 l56150">or </span><span class="pp-class-373 pa t49281 l56151 ls193">non-current </span><span class="pp-class-373 pa t49281 l56152 ls907">assets </span><span class="pp-class-373 pa t49281 l56153">of </span><span class="pp-class-373 pa t49281 l56154">gains/</span><span class="pp-class-373 pa t49272 l56155 ls37">losses </span><span class="pp-class-373 pa t49272 l56156 ls72">recognised </span><span class="pp-class-373 pa t49272 l56157">in </span><span class="pp-class-373 pa t49272 l56158">the </span><span class="pp-class-373 pa t49272 l56159">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56160"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l41801">Hedge </span><span class="pp-class-373 pa t56161 l56162 ls287">instrument</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56163 l56164">Time </span><span class="pp-class-373 pa t56163 l56165">to </span><span class="pp-class-373 pa t56161 l56166 ls78">maturity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56167 l56168 ls287">Notional </span><span class="pp-class-373 pa t56163 l56169">principal </span><span class="pp-class-373 pa t56161 l56170 ls907">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56167 l56171 ls813">Fair </span><span class="pp-class-373 pa t56163 l56172 ls110">value </span><span class="pp-class-373 pa t56161 l56173 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56167 l56174 ls813">Fair </span><span class="pp-class-373 pa t56163 l56175 ls110">value </span><span class="pp-class-373 pa t56161 l56176">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56177">0-1 </span><span class="pp-class-373 pa t56161 l56178 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56179 ls1073">1-3 </span><span class="pp-class-373 pa t56161 l56180 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56181">3-5 </span><span class="pp-class-373 pa t56161 l56182 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56163 l56183 ls16">After </span><span class="pp-class-373 pa t56161 l56184">5 </span><span class="pp-class-373 pa t56161 l56185 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56186 l56187 ls813">Fair </span><span class="pp-class-373 pa t56186 l56188 ls110">value </span><span class="pp-class-373 pa t56189 l56190 ls72">recognised </span><span class="pp-class-373 pa t56167 l56191">on </span><span class="pp-class-373 pa t56167 l56192">hedging </span><span class="pp-class-373 pa t56163 l56193 ls81">reserve </span><span class="pp-class-373 pa t56161 l56194">in </span><span class="pp-class-373 pa t56161 l56195">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56196 ls960">Average </span><span class="pp-class-373 pa t56161 l56197">hedge </span><span class="pp-class-373 pa t56161 l56198 ls830">rate</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56199 l3 ls287">Expected </span><span class="pp-class-373 pa t56199 l44651 ls944">future </span><span class="pp-class-373 pa t56199 l56200 ls112">transactions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l3 ls180">Interest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l41801 ls884">Interest </span><span class="pp-class-372 pa t56201 l56202 ls274">swaps </span><span class="pp-class-372 pa t56201 l56203">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56204"/><span class="pp-class-372 pa t56201 l56205">0-5 </span><span class="pp-class-372 pa t56201 l56206 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56207 ls276">2,505</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56208">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56209">32</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56210">-8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56211 ls278">-10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56212">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56214">-20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56215 ls7694">2.57%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l3 ls180">Interest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l41801 ls884">Interest </span><span class="pp-class-372 pa t56216 l56202 ls274">swaps </span><span class="pp-class-372 pa t56216 l56203">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56217 ls128">0-10 </span><span class="pp-class-372 pa t56216 l56206 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56218 ls88">2,312</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56219">64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56220">26</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56221">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56222">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56223 ls1077">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56224 ls16">27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56225">39</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56226 ls6007">2.07%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l3">Bond </span><span class="pp-class-372 pa t56227 l56228">loans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l41801 ls281">Currency </span><span class="pp-class-372 pa t56227 l56229 ls274">swaps </span><span class="pp-class-372 pa t56227 l56230">NOK/DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56204"/><span class="pp-class-372 pa t56227 l56205">0-5 </span><span class="pp-class-372 pa t56227 l56206 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56231">2,115</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56232">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56233">81</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56234">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56235">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56212">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56236">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56237">NOK/DKK </span><span class="pp-class-372 pa t56227 l56238 ls195">0.6546</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l3">Ship </span><span class="pp-class-372 pa t56239 l54526">loans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l41801 ls281">Currency </span><span class="pp-class-372 pa t56239 l56229 ls274">swaps </span><span class="pp-class-372 pa t56239 l56230">EUR/DKK </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56240">0-3 </span><span class="pp-class-372 pa t56239 l56241 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56242">1,193</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56243">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56244">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56234">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56222">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56245">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56246">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56247">EUR/DKK </span><span class="pp-class-372 pa t56239 l56248 ls30469">7.4575</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l3 ls93">Ferry </span><span class="pp-class-372 pa t56249 l9449 ls254">investments </span><span class="pp-class-372 pa t56249 l14636">and </span><span class="pp-class-372 pa t56249 l56250 ls921">ferry </span><span class="pp-class-372 pa t56249 l56251 ls502">charter</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l41801 ls931">Forward </span><span class="pp-class-372 pa t56249 l56252 ls230">exchange </span><span class="pp-class-372 pa t56249 l56253 ls882">contracts</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56254">0-7 </span><span class="pp-class-372 pa t56249 l56206 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56255">553</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56256">61</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56244">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56257">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56258">-7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56259">-7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56260">-5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56261">-21</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56262">EUR/USD </span><span class="pp-class-372 pa t56249 l56263 ls1194">1.2674</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56264 l3">Other </span><span class="pp-class-373 pa t56264 l38207 ls2548">financial </span><span class="pp-class-373 pa t56264 l32439">hedging</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l3">Commodities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l41801">Commodity </span><span class="pp-class-372 pa t56265 l56266">hedges</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56267"/><span class="pp-class-372 pa t56265 l56268">0-1 </span><span class="pp-class-372 pa t56265 l56241 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56269">81</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56270">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56244">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56234">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l35136">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56245">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56271">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56265 l56272 ls4819">N/A</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l3">Sales </span><span class="pp-class-372 pa t56273 l41290">and </span><span class="pp-class-372 pa t56273 l41291">goods </span><span class="pp-class-372 pa t56273 l32019 ls1259">purchased</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56274 l41801 ls931">Forward </span><span class="pp-class-372 pa t56274 l56252 ls230">exchange </span><span class="pp-class-372 pa t56274 l56253 ls978">contracts </span><span class="pp-class-372 pa t56274 l56275">and </span><span class="pp-class-372 pa t56273 l41801 ls281">currency </span><span class="pp-class-372 pa t56273 l56276 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56268">0-1 </span><span class="pp-class-372 pa t56273 l56241 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56277 ls1073">2,082</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56278 ls16">27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56279">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l9399">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l35136">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56245">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56280">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56273 l56272 ls4819">N/A</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56282 ls913">165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56283 ls78">143</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56284">-13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56285">-19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56286">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56287">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56281 l56288">-6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56289 l3">The </span><span class="pp-class-372 pa t56289 l16790 ls1005">fair </span><span class="pp-class-372 pa t56289 l56290 ls16">value </span><span class="pp-class-372 pa t56289 l38720 ls287">of </span><span class="pp-class-372 pa t56289 l56291">the </span><span class="pp-class-372 pa t56289 l56292 ls884">interest </span><span class="pp-class-372 pa t56289 l56293 ls274">swaps </span><span class="pp-class-372 pa t56289 l56294">has </span><span class="pp-class-372 pa t56289 l56295">been </span><span class="pp-class-372 pa t56289 l56296 ls128">calculated </span><span class="pp-class-372 pa t56289 l56297 ls1955">by </span><span class="pp-class-372 pa t56289 l56298 ls2329">discounting </span><span class="pp-class-372 pa t56289 l31797">the </span><span class="pp-class-372 pa t56289 l56299 ls180">expected </span><span class="pp-class-372 pa t56289 l56300 ls134">future </span><span class="pp-class-372 pa t56289 l56301 ls884">interest </span><span class="pp-class-372 pa t56289 l56302 ls171">payments. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56303 l3">The </span><span class="pp-class-372 pa t56303 l16790 ls287">discount </span><span class="pp-class-372 pa t56303 l16428 ls3474">rate </span><span class="pp-class-372 pa t56303 l56304 ls43">for </span><span class="pp-class-372 pa t56303 l56305 ls128">each </span><span class="pp-class-372 pa t56303 l50346 ls884">interest </span><span class="pp-class-372 pa t56303 l56306 ls78">payment </span><span class="pp-class-372 pa t56303 l56307">is </span><span class="pp-class-372 pa t56303 l17336 ls1005">estimated </span><span class="pp-class-372 pa t56303 l56308">based </span><span class="pp-class-372 pa t56303 l56309">on </span><span class="pp-class-372 pa t56303 l56310 ls16">market </span><span class="pp-class-372 pa t56303 l56311 ls884">interest </span><span class="pp-class-372 pa t56303 l56312 ls3566">rates. </span><span class="pp-class-372 pa t56303 l44563 ls12">The </span><span class="pp-class-372 pa t56303 l56313 ls1005">fair </span><span class="pp-class-372 pa t56303 l56314 ls16">value </span><span class="pp-class-372 pa t56303 l55138 ls287">of </span><span class="pp-class-372 pa t56303 l56315 ls658">forward </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56316 l3 ls230">exchange </span><span class="pp-class-372 pa t56316 l56317 ls978">contracts </span><span class="pp-class-372 pa t56316 l56318">and </span><span class="pp-class-372 pa t56316 l54122 ls78">bunker </span><span class="pp-class-372 pa t56316 l12668 ls978">contracts </span><span class="pp-class-372 pa t56316 l56319 ls85">are </span><span class="pp-class-372 pa t56316 l56320 ls128">calculated </span><span class="pp-class-372 pa t56316 l56321">based </span><span class="pp-class-372 pa t56316 l56322">on </span><span class="pp-class-372 pa t56316 l56323 ls332">actual </span><span class="pp-class-372 pa t56316 l56324 ls658">forward </span><span class="pp-class-372 pa t56316 l56325 ls37">curves.</span></p></div></div><div class="pp-class-10" id="pp-id-5240" xmlns="http://www.w3.org/1999/xhtml"><div class="w42856 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.1 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">and </span><span class="pp-class-370 pa t21055 l54994 ls931">operational </span><span class="pp-class-370 pa t21055 l54995 ls99">risks</span><span class="pp-class-371 pa t21055 l55656"/><span class="pp-class-371 pa t21055 l55657 ls155">(continued)</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56326">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l41801"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56139"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56140"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56141"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56142"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td colspan="4" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48946 l56143 ls287">Expected </span><span class="pp-class-373 pa t48946 l56144">timing </span><span class="pp-class-373 pa t48946 l56145">of </span><span class="pp-class-373 pa t48946 l56146 ls840">recycling </span><span class="pp-class-373 pa t48946 l56147">to </span><span class="pp-class-373 pa t48946 l56148">income </span><span class="pp-class-373 pa t49281 l56149 ls254">statement </span><span class="pp-class-373 pa t49281 l56150">or </span><span class="pp-class-373 pa t49281 l56151 ls193">non-current </span><span class="pp-class-373 pa t49281 l56152 ls907">assets </span><span class="pp-class-373 pa t49281 l56153">of </span><span class="pp-class-373 pa t49281 l56154">gains/</span><span class="pp-class-373 pa t49272 l56155 ls37">losses </span><span class="pp-class-373 pa t49272 l56156 ls72">recognised </span><span class="pp-class-373 pa t49272 l56157">in </span><span class="pp-class-373 pa t49272 l56158">the </span><span class="pp-class-373 pa t49272 l56159">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t49272 l56160"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l41801">Hedge </span><span class="pp-class-373 pa t56161 l56162 ls287">instrument</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56163 l56164">Time </span><span class="pp-class-373 pa t56163 l56165">to </span><span class="pp-class-373 pa t56161 l56166 ls78">maturity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56167 l56168 ls287">Notional </span><span class="pp-class-373 pa t56163 l56169">principal </span><span class="pp-class-373 pa t56161 l56170 ls907">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56167 l56171 ls813">Fair </span><span class="pp-class-373 pa t56163 l56172 ls110">value </span><span class="pp-class-373 pa t56161 l56173 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56167 l56174 ls813">Fair </span><span class="pp-class-373 pa t56163 l56175 ls110">value </span><span class="pp-class-373 pa t56161 l56176">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56177">0-1 </span><span class="pp-class-373 pa t56161 l56178 ls1955">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56179 ls1073">1-3 </span><span class="pp-class-373 pa t56161 l56180 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56181">3-5 </span><span class="pp-class-373 pa t56161 l56182 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56163 l56183 ls16">After </span><span class="pp-class-373 pa t56161 l56184">5 </span><span class="pp-class-373 pa t56161 l56185 ls68">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56186 l56187 ls813">Fair </span><span class="pp-class-373 pa t56186 l56188 ls110">value </span><span class="pp-class-373 pa t56189 l56190 ls72">recognised </span><span class="pp-class-373 pa t56167 l56191">on </span><span class="pp-class-373 pa t56167 l56192">hedging </span><span class="pp-class-373 pa t56163 l56193 ls81">reserve </span><span class="pp-class-373 pa t56161 l56194">in </span><span class="pp-class-373 pa t56161 l56195">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56161 l56196 ls960">Average </span><span class="pp-class-373 pa t56161 l56197">hedge </span><span class="pp-class-373 pa t56161 l56198 ls830">rate</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56199 l3 ls287">Expected </span><span class="pp-class-373 pa t56199 l44651 ls944">future </span><span class="pp-class-373 pa t56199 l56200 ls112">transactions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l3 ls180">Interest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l41801 ls884">Interest </span><span class="pp-class-372 pa t56201 l56202 ls274">swaps </span><span class="pp-class-372 pa t56201 l56203">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56204"/><span class="pp-class-372 pa t56201 l56205">0-5 </span><span class="pp-class-372 pa t56201 l56206 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56327 ls1736">1,547</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56328">23</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56329 ls14819">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56234">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56330 ls124">18</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56331">-12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56332">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56201 l56333 ls276">2.59%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l3 ls180">Interest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l41801 ls884">Interest </span><span class="pp-class-372 pa t56216 l56202 ls274">swaps </span><span class="pp-class-372 pa t56216 l56203">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56217 ls128">0-10 </span><span class="pp-class-372 pa t56216 l56206 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56334 ls1237">2,410</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56335">89</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56336">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56234">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56337">-8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56338">-6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56339 ls728">78</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56340">64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56216 l56341 ls1073">2.03%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l3">Bond </span><span class="pp-class-372 pa t56227 l56228">loans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l41801 ls281">Currency </span><span class="pp-class-372 pa t56227 l56229 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56204"/><span class="pp-class-372 pa t56227 l56205">0-5 </span><span class="pp-class-372 pa t56227 l56206 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56342">995</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56343">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56344">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56234">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56345">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56346">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56280">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56227 l56347">NOK/DKK </span><span class="pp-class-372 pa t56227 l56348 ls3036">0.659</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l3">Bond </span><span class="pp-class-372 pa t56239 l56228">loans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l41801 ls110">Cross </span><span class="pp-class-372 pa t56239 l56349 ls281">currency </span><span class="pp-class-372 pa t56239 l56350 ls884">interest </span><span class="pp-class-372 pa t56239 l56351 ls3474">rate </span><span class="pp-class-372 pa t56239 l56352 ls274">swaps </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56268">0-1 </span><span class="pp-class-372 pa t56239 l56241 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56353">265</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56270">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56354">34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56355">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l35136">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56245">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56332">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56239 l56356">NOK/DKK </span><span class="pp-class-372 pa t56239 l56357 ls742">0.7637 </span><span class="pp-class-372 pa t56239 l56358">+ </span><span class="pp-class-372 pa t56239 l56359 ls1073">1.09%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l3 ls93">Ferry </span><span class="pp-class-372 pa t56249 l9449 ls254">investments </span><span class="pp-class-372 pa t56249 l14636">and </span><span class="pp-class-372 pa t56249 l56250 ls921">ferry </span><span class="pp-class-372 pa t56249 l56251 ls502">charter</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l41801 ls931">Forward </span><span class="pp-class-372 pa t56249 l56252 ls230">exchange </span><span class="pp-class-372 pa t56249 l56253 ls882">contracts</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56360">0-9 </span><span class="pp-class-372 pa t56249 l56206 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56361">595</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56362">41</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56244">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l9439">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56363">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56346">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56364">-3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56365 ls278">-10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56249 l56262">EUR/USD </span><span class="pp-class-372 pa t56249 l56263 ls1194">1.2674</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56366 l3 ls254">Off-balance </span><span class="pp-class-372 pa t56366 l47089 ls72">sheet </span><span class="pp-class-372 pa t56366 l56367 ls225">contractual </span><span class="pp-class-372 pa t56368 l3 ls287">commitments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56366 l41801 ls931">Forward </span><span class="pp-class-372 pa t56366 l56252 ls230">exchange </span><span class="pp-class-372 pa t56366 l56253 ls978">contracts </span><span class="pp-class-372 pa t56366 l56275">and </span><span class="pp-class-372 pa t56368 l41801 ls281">currency </span><span class="pp-class-372 pa t56368 l56276 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56267"/><span class="pp-class-372 pa t56368 l56268">0-1 </span><span class="pp-class-372 pa t56368 l56241 ls1326">year </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56369 ls88">1,342</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56243">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56370">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l9439">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l35136">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56245">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56371">-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56368 l56372">EUR/DKK </span><span class="pp-class-372 pa t56368 l56373 ls17070">7.4580</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56374 l3">Other </span><span class="pp-class-373 pa t56374 l38207 ls2548">financial </span><span class="pp-class-373 pa t56374 l32439">hedging</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l3">Commodities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l41801">Commodity </span><span class="pp-class-372 pa t56375 l56266">hedges</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56267"/><span class="pp-class-372 pa t56375 l56268">0-1 </span><span class="pp-class-372 pa t56375 l56241 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56376">128</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56377">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56244">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56378">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l35136">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56245">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56213">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56379">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56375 l56272 ls4819">N/A</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56380 l3">Sales </span><span class="pp-class-372 pa t56380 l41290">and </span><span class="pp-class-372 pa t56380 l41291">goods </span><span class="pp-class-372 pa t56380 l32019 ls1259">purchased</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56381 l41801 ls931">Forward </span><span class="pp-class-372 pa t56381 l56252 ls230">exchange </span><span class="pp-class-372 pa t56381 l56253 ls978">contracts </span><span class="pp-class-372 pa t56381 l56275">and </span><span class="pp-class-372 pa t56380 l41801 ls281">currency </span><span class="pp-class-372 pa t56380 l56276 ls1733">swaps</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56380 l56268">0-1 </span><span class="pp-class-372 pa t56380 l56241 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56380 l56382 ls88">1,391</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56380 l56243">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56380 l56383 ls302">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56380 l56272 ls4819">N/A</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l3 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56385 ls8622">175</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56386">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56387 ls48876">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56388 ls138">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56389 ls278">-24</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56390 ls2143">75</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56384 l56391 ls124">78</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56392 l3">In </span><span class="pp-class-372 pa t56392 l34228 ls214">2023, </span><span class="pp-class-372 pa t56392 l56393 ls124">two </span><span class="pp-class-372 pa t56392 l42826 ls884">interest </span><span class="pp-class-372 pa t56392 l43225 ls3474">rate </span><span class="pp-class-372 pa t56392 l56394 ls274">swaps </span><span class="pp-class-372 pa t56392 l56395 ls1237">were </span><span class="pp-class-372 pa t56392 l56396 ls854">settled </span><span class="pp-class-372 pa t56392 l56397">in </span><span class="pp-class-372 pa t56392 l56398 ls68">relation </span><span class="pp-class-372 pa t56392 l56399 ls166">to </span><span class="pp-class-372 pa t56392 l56400">the </span><span class="pp-class-372 pa t56392 l56401">sale </span><span class="pp-class-372 pa t56392 l56402">and </span><span class="pp-class-372 pa t56392 l56403 ls175">leaseback </span><span class="pp-class-372 pa t56392 l56404 ls287">of </span><span class="pp-class-372 pa t56392 l56405 ls110">three </span><span class="pp-class-372 pa t56392 l31799 ls1326">freight </span><span class="pp-class-372 pa t56392 l56406 ls45">ferries. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56407 l3">Due </span><span class="pp-class-372 pa t56407 l19071 ls166">to </span><span class="pp-class-372 pa t56407 l19072 ls128">positive </span><span class="pp-class-372 pa t56407 l34093 ls16">market </span><span class="pp-class-372 pa t56407 l41632 ls138">values </span><span class="pp-class-372 pa t56407 l56408">on </span><span class="pp-class-372 pa t56407 l6883">the </span><span class="pp-class-372 pa t56407 l51538 ls203">swaps, </span><span class="pp-class-372 pa t56407 l56409">a </span><span class="pp-class-372 pa t56407 l41758">gain </span><span class="pp-class-372 pa t56407 l56410 ls287">of </span><span class="pp-class-372 pa t56407 l53845">DKK </span><span class="pp-class-372 pa t56407 l56411">33m </span><span class="pp-class-372 pa t56407 l56412 ls124">was </span><span class="pp-class-372 pa t56407 l56413 ls171">recognised </span><span class="pp-class-372 pa t56407 l56414">in </span><span class="pp-class-372 pa t56407 l56415 ls12">the </span><span class="pp-class-372 pa t56407 l56416 ls12">income </span><span class="pp-class-372 pa t56407 l56417 ls316">statement. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56418 l3">No </span><span class="pp-class-372 pa t56418 l56419 ls72">other </span><span class="pp-class-372 pa t56418 l22729">financial </span><span class="pp-class-372 pa t56418 l56420">hedges </span><span class="pp-class-372 pa t56418 l56421 ls1237">were </span><span class="pp-class-372 pa t56418 l32851">deemed </span><span class="pp-class-372 pa t56418 l56422 ls287">inefficient </span><span class="pp-class-372 pa t56418 l56423">hence </span><span class="pp-class-372 pa t56418 l55171">no </span><span class="pp-class-372 pa t56418 l56424 ls2084">further </span><span class="pp-class-372 pa t56418 l56425">gain </span><span class="pp-class-372 pa t56418 l56426">or </span><span class="pp-class-372 pa t56418 l56427">loss </span><span class="pp-class-372 pa t56418 l56428 ls124">was </span><span class="pp-class-372 pa t56418 l56429 ls171">recognised </span><span class="pp-class-372 pa t56418 l56430 ls12">in </span><span class="pp-class-372 pa t56418 l56431 ls12">the</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t56432 l3">income </span><span class="pp-class-372 pa t56432 l18340 ls78">statement </span><span class="pp-class-372 pa t56432 l56433 ls43">for </span><span class="pp-class-372 pa t56432 l30021">hedges </span><span class="pp-class-372 pa t56432 l38630 ls1166">qualifying </span><span class="pp-class-372 pa t56432 l56434 ls43">for </span><span class="pp-class-372 pa t56432 l56435">hedge </span><span class="pp-class-372 pa t56432 l56436 ls72">accounting.</span></p></div></div><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2138">Derivative </span><span class="pp-class-383 pa t30083 l56648 ls1126">financial </span><span class="pp-class-383 pa t30083 l47429 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4279">Derivative </span><span class="pp-class-382 pa t30087 l56594 ls1073">financial </span><span class="pp-class-382 pa t30087 l56595 ls806">instruments </span><span class="pp-class-382 pa t30087 l56649 ls800">are </span><span class="pp-class-382 pa t30087 l56650 ls8853">measured </span><span class="pp-class-382 pa t30087 l55437 ls1080">in </span><span class="pp-class-382 pa t30087 l56651 ls1099">the </span><span class="pp-class-382 pa t30087 l56652 ls1237">balance </span><span class="pp-class-382 pa t30087 l56653 ls296">sheet </span><span class="pp-class-382 pa t30087 l56654 ls1083">at </span><span class="pp-class-382 pa t30087 l56655 ls3278">fair </span><span class="pp-class-382 pa t30087 l56656 ls1083">value </span><span class="pp-class-382 pa t30087 l56657 ls1080">as </span><span class="pp-class-382 pa t30087 l54792 ls1243">from </span><span class="pp-class-382 pa t30087 l56658 ls858">the </span><span class="pp-class-382 pa t30087 l56659 ls1859">date </span><span class="pp-class-382 pa t30093 l3 ls2784">where </span><span class="pp-class-382 pa t30093 l3267 ls858">the </span><span class="pp-class-382 pa t30093 l13688 ls4279">derivative </span><span class="pp-class-382 pa t30093 l56660 ls1073">financial </span><span class="pp-class-382 pa t30093 l56661 ls806">instrument </span><span class="pp-class-382 pa t30093 l56662 ls1080">is </span><span class="pp-class-382 pa t30093 l56663 ls3474">concluded. </span><span class="pp-class-382 pa t30093 l56664 ls1099">The </span><span class="pp-class-382 pa t30093 l56665 ls3278">fair </span><span class="pp-class-382 pa t30093 l37923 ls1150">values </span><span class="pp-class-382 pa t30093 l56666 ls103">of </span><span class="pp-class-382 pa t30093 l56667 ls7694">derivatives </span><span class="pp-class-382 pa t30093 l56668 ls1323">financial </span><span class="pp-class-382 pa t30098 l3 ls806">instruments </span><span class="pp-class-382 pa t30098 l45776 ls800">are </span><span class="pp-class-382 pa t30098 l24500 ls852">presented </span><span class="pp-class-382 pa t30098 l3195 ls1080">as </span><span class="pp-class-382 pa t30098 l56669 ls4279">derivative </span><span class="pp-class-382 pa t30098 l56670 ls1073">financial </span><span class="pp-class-382 pa t30098 l56671 ls806">instruments </span><span class="pp-class-382 pa t30098 l56672 ls1759">under </span><span class="pp-class-382 pa t30098 l56673 ls238">assets </span><span class="pp-class-382 pa t30098 l56674 ls1080">if </span><span class="pp-class-382 pa t30098 l56675 ls2088">positive </span><span class="pp-class-382 pa t30098 l56676 ls1080">or </span><span class="pp-class-382 pa t30098 l56677 ls1080">under </span><span class="pp-class-382 pa t30105 l3 ls1118">liabilities </span><span class="pp-class-382 pa t30105 l44406 ls1080">if </span><span class="pp-class-382 pa t30105 l56678 ls1463">negative. </span><span class="pp-class-382 pa t30105 l56679 ls960">Netting </span><span class="pp-class-382 pa t30105 l56680 ls103">of </span><span class="pp-class-382 pa t30105 l56681 ls2088">positive </span><span class="pp-class-382 pa t30105 l56682 ls858">and </span><span class="pp-class-382 pa t30105 l56683 ls2944">negative </span><span class="pp-class-382 pa t30105 l56684 ls4279">derivative </span><span class="pp-class-382 pa t30105 l56685 ls1073">financial </span><span class="pp-class-382 pa t30105 l56686 ls806">instruments </span><span class="pp-class-382 pa t30105 l56687 ls1080">is </span><span class="pp-class-382 pa t30105 l56688 ls4305">only </span><span class="pp-class-382 pa t30110 l3 ls1321">performed </span><span class="pp-class-382 pa t30110 l56689 ls1080">if </span><span class="pp-class-382 pa t30110 l3898 ls858">the </span><span class="pp-class-382 pa t30110 l56690 ls2784">Group </span><span class="pp-class-382 pa t30110 l56691 ls1080">is </span><span class="pp-class-382 pa t30110 l56692 ls830">entitled </span><span class="pp-class-382 pa t30110 l56693 ls1759">to </span><span class="pp-class-382 pa t30110 l56694 ls858">and </span><span class="pp-class-382 pa t30110 l56695 ls858">has </span><span class="pp-class-382 pa t30110 l56696 ls858">the </span><span class="pp-class-382 pa t30110 l56697 ls1321">intention </span><span class="pp-class-382 pa t30110 l56698 ls1759">to </span><span class="pp-class-382 pa t30110 l56699 ls1244">settle </span><span class="pp-class-382 pa t30110 l56700 ls858">the </span><span class="pp-class-382 pa t30110 l56701 ls4279">derivative </span><span class="pp-class-382 pa t30110 l56702 ls1323">financial </span><span class="pp-class-382 pa t37915 l3 ls806">instruments </span><span class="pp-class-382 pa t37915 l45776 ls1080">as </span><span class="pp-class-382 pa t37915 l56703 ls302">a </span><span class="pp-class-382 pa t37915 l56704 ls1323">net. </span><span class="pp-class-382 pa t37915 l50467 ls1772">Fair </span><span class="pp-class-382 pa t37915 l56705 ls1150">values </span><span class="pp-class-382 pa t37915 l56706 ls103">of </span><span class="pp-class-382 pa t37915 l51422 ls4279">derivative </span><span class="pp-class-382 pa t37915 l56707 ls1073">financial </span><span class="pp-class-382 pa t37915 l56708 ls806">instruments </span><span class="pp-class-382 pa t37915 l56709 ls800">are </span><span class="pp-class-382 pa t37915 l49204 ls296">computed </span><span class="pp-class-382 pa t37915 l56710 ls1080">on </span><span class="pp-class-382 pa t37915 l56711 ls1099">the </span><span class="pp-class-382 pa t37915 l56712 ls1759">basis </span><span class="pp-class-382 pa t37915 l56713 ls134">of </span><span class="pp-class-382 pa t37930 l3 ls852">current </span><span class="pp-class-382 pa t37930 l46050 ls3623">market </span><span class="pp-class-382 pa t37930 l34319 ls852">data </span><span class="pp-class-382 pa t37930 l56714 ls1099">and </span><span class="pp-class-382 pa t37930 l56715 ls4396">generally </span><span class="pp-class-382 pa t37930 l11415 ls2142">accepted </span><span class="pp-class-382 pa t37930 l56716 ls828">valuation </span><span class="pp-class-382 pa t37930 l56717 ls3474">methods.</span></p> <div id="pp-id-5241" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h56438 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.2 </span><span class="pp-class-370 pa t21055 l43638 ls182">Information </span><span class="pp-class-370 pa t21055 l56439">on </span><span class="pp-class-370 pa t21055 l56440 ls986">financial </span><span class="pp-class-370 pa t21055 l56441 ls907">instruments</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3 ls2548">Carrying </span><span class="pp-class-373 pa t42308 l42889 ls907">amount </span><span class="pp-class-373 pa t42308 l48787">per </span><span class="pp-class-373 pa t42308 l56443 ls704">category </span><span class="pp-class-373 pa t42308 l4251">of </span><span class="pp-class-373 pa t42308 l6640 ls2548">financial </span><span class="pp-class-373 pa t42308 l40483 ls287">instruments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3">Financial </span><span class="pp-class-372 pa t43125 l2916 ls175">assets </span><span class="pp-class-372 pa t43125 l55733 ls1259">measured </span><span class="pp-class-372 pa t43125 l56444 ls2835">at </span><span class="pp-class-372 pa t43125 l56445 ls1005">fair </span><span class="pp-class-372 pa t43125 l56446 ls16">value:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t22670 l29575 ls1955">related </span><span class="pp-class-372 pa t22670 l56447 ls166">to </span><span class="pp-class-372 pa t22670 l29851 ls110">operating </span><span class="pp-class-372 pa t22670 l10869 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l55925">88</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l48650">56</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t43136 l29575 ls1955">related </span><span class="pp-class-372 pa t43136 l56447 ls166">to </span><span class="pp-class-372 pa t43136 l29851 ls225">interest-bearing </span><span class="pp-class-372 pa t43136 l51633 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l53989 ls3688">77</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l56448">119</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l3">Financial </span><span class="pp-class-372 pa t43142 l2916 ls175">assets </span><span class="pp-class-372 pa t43142 l55733 ls1259">measured </span><span class="pp-class-372 pa t43142 l56444 ls2835">at </span><span class="pp-class-372 pa t43142 l56445 ls2554">amortised </span><span class="pp-class-372 pa t43142 l56449">cost:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l3 ls14077">Trade </span><span class="pp-class-372 pa t19778 l42817 ls81">receivables, </span><span class="pp-class-372 pa t19778 l56450 ls134">receivables </span><span class="pp-class-372 pa t19778 l56451 ls931">from </span><span class="pp-class-372 pa t19778 l40556 ls128">associates </span><span class="pp-class-372 pa t19778 l56452">and </span><span class="pp-class-372 pa t19778 l56453 ls907">joint </span><span class="pp-class-372 pa t19778 l56454 ls203">ventures, </span><span class="pp-class-372 pa t19782 l3 ls72">other </span><span class="pp-class-372 pa t19782 l56455 ls134">receivables </span><span class="pp-class-372 pa t19782 l17037">and </span><span class="pp-class-372 pa t19782 l16709">cash</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19782 l56456 ls3241">6,084</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19782 l56457 ls3241">5,039</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56458 l3">Financial </span><span class="pp-class-372 pa t56458 l2916 ls175">assets </span><span class="pp-class-372 pa t56458 l55733 ls1259">measured </span><span class="pp-class-372 pa t56458 l56444 ls2835">at </span><span class="pp-class-372 pa t56458 l56445 ls1005">fair </span><span class="pp-class-372 pa t56458 l56446 ls16">value </span><span class="pp-class-372 pa t56458 l56459 ls671">through </span><span class="pp-class-372 pa t56458 l56460 ls225">profit </span><span class="pp-class-372 pa t56458 l56461">or </span><span class="pp-class-372 pa t56458 l56462">loss:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l3">Securities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l3 ls2459">Total </span><span class="pp-class-373 pa t56464 l29712 ls2548">financial </span><span class="pp-class-373 pa t56464 l55861 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l50427 ls658">6,251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l56465 ls1733">5,215</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56466 l3">Financial </span><span class="pp-class-372 pa t56466 l2916">liabilities </span><span class="pp-class-372 pa t56466 l56467 ls1259">measured </span><span class="pp-class-372 pa t56466 l56468 ls2835">at </span><span class="pp-class-372 pa t56466 l56469 ls1005">fair </span><span class="pp-class-372 pa t56466 l56470 ls16">value:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56471 l29575 ls1955">related </span><span class="pp-class-372 pa t56471 l56447 ls166">to </span><span class="pp-class-372 pa t56471 l29851 ls110">operating </span><span class="pp-class-372 pa t56471 l10869 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l54027">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l56472 ls124">18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56473 l29575 ls1955">related </span><span class="pp-class-372 pa t56473 l56447 ls166">to </span><span class="pp-class-372 pa t56473 l29851 ls225">interest-bearing </span><span class="pp-class-372 pa t56473 l51633 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l50204">139</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l56474 ls3688">77</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56475 l3">Financial </span><span class="pp-class-372 pa t56475 l2916">liabilities </span><span class="pp-class-372 pa t56475 l56467 ls1259">measured </span><span class="pp-class-372 pa t56475 l56468 ls2835">at </span><span class="pp-class-372 pa t56475 l56469 ls2554">amortised </span><span class="pp-class-372 pa t56475 l56476">cost:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56477 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t56477 l42787">liabilities, </span><span class="pp-class-372 pa t56477 l56478 ls1955">trade </span><span class="pp-class-372 pa t56477 l56479 ls168">payables, </span><span class="pp-class-372 pa t56477 l56480 ls110">payables </span><span class="pp-class-372 pa t56477 l35340 ls166">to </span><span class="pp-class-372 pa t56477 l56481 ls128">associates </span><span class="pp-class-372 pa t56482 l3">and </span><span class="pp-class-372 pa t56482 l4247 ls907">joint </span><span class="pp-class-372 pa t56482 l56483 ls203">ventures, </span><span class="pp-class-372 pa t56482 l56484">and </span><span class="pp-class-372 pa t56482 l56485 ls72">other </span><span class="pp-class-372 pa t56482 l56486 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56482 l56487 ls2760">23,013</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56482 l56488 ls4487">18,974</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l3 ls2459">Total </span><span class="pp-class-373 pa t56489 l29712 ls2548">financial </span><span class="pp-class-373 pa t56489 l55861">liabilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l56490 ls225">23,156</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l56491 ls646">19,069</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t56492 l3 ls1243">Hierarchy </span><span class="pp-class-383 pa t56492 l56493 ls1080">of </span><span class="pp-class-383 pa t56492 l56494 ls1126">financial </span><span class="pp-class-383 pa t56492 l56495 ls806">instruments </span><span class="pp-class-383 pa t56492 l56496 ls53">measured </span><span class="pp-class-383 pa t56492 l56497 ls3435">at </span><span class="pp-class-383 pa t56492 l56498 ls1237">fair </span><span class="pp-class-383 pa t56492 l55458 ls1243">value</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56499 l3 ls858">The </span><span class="pp-class-382 pa t56499 l16631 ls1118">table </span><span class="pp-class-382 pa t56499 l56500 ls2142">below </span><span class="pp-class-382 pa t56499 l56501 ls2851">ranks </span><span class="pp-class-382 pa t56499 l56502 ls1073">financial </span><span class="pp-class-382 pa t56499 l56503 ls806">instruments </span><span class="pp-class-382 pa t56499 l17188 ls1237">carried </span><span class="pp-class-382 pa t56499 l56504 ls1083">at </span><span class="pp-class-382 pa t56499 l56505 ls3278">fair </span><span class="pp-class-382 pa t56499 l20840 ls1083">value </span><span class="pp-class-382 pa t56499 l56506 ls2784">by </span><span class="pp-class-382 pa t56499 l56507 ls828">valuation </span><span class="pp-class-382 pa t56499 l56508 ls3474">method. </span><span class="pp-class-382 pa t56499 l56509 ls1099">The </span><span class="pp-class-382 pa t56499 l56510 ls4305">different </span><span class="pp-class-382 pa t56499 l56511 ls2531">levels </span><span class="pp-class-382 pa t56499 l56512 ls3377">have </span><span class="pp-class-382 pa t56513 l3 ls1323">been </span><span class="pp-class-382 pa t56513 l43769 ls1305">defined </span><span class="pp-class-382 pa t56513 l56514 ls1080">as </span><span class="pp-class-382 pa t56513 l13284 ls1463">follows:</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56515 l1007 ls646">Level </span><span class="pp-class-382 pa t56515 l56516 ls1080">1: </span><span class="pp-class-382 pa t56515 l56517 ls53">Quoted </span><span class="pp-class-382 pa t56515 l56518 ls2486">prices </span><span class="pp-class-382 pa t56515 l56519 ls1080">in </span><span class="pp-class-382 pa t56515 l1848 ls1080">an </span><span class="pp-class-382 pa t56515 l56520 ls2149">active </span><span class="pp-class-382 pa t56515 l56521 ls3623">market </span><span class="pp-class-382 pa t56515 l56522 ls3278">for </span><span class="pp-class-382 pa t56515 l56523 ls1319">identical </span><span class="pp-class-382 pa t56515 l56524 ls1323">type </span><span class="pp-class-382 pa t56515 l56525 ls103">of </span><span class="pp-class-382 pa t56515 l56526 ls1305">instrument, </span><span class="pp-class-382 pa t56515 l56527 ls960">i.e. </span><span class="pp-class-382 pa t56515 l56528 ls1237">without </span><span class="pp-class-382 pa t56515 l56529 ls2486">change </span><span class="pp-class-382 pa t56515 l56530 ls1080">in </span><span class="pp-class-382 pa t56515 l56531 ls3278">form </span><span class="pp-class-382 pa t56515 l56532 ls1080">or </span><span class="pp-class-382 pa t56515 l25154 ls1099">con-</span><span class="pp-class-382 pa t56533 l1007 ls3474">tent </span><span class="pp-class-382 pa t56533 l56534 ls2842">(modification </span><span class="pp-class-382 pa t56533 l43591 ls1080">or </span><span class="pp-class-382 pa t56533 l56535 ls864">repackaging).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56536 l1007 ls646">Level </span><span class="pp-class-382 pa t56536 l56516 ls1080">2: </span><span class="pp-class-382 pa t56536 l56537 ls53">Quoted </span><span class="pp-class-382 pa t56536 l56538 ls2486">prices </span><span class="pp-class-382 pa t56536 l56539 ls1080">in </span><span class="pp-class-382 pa t56536 l56540 ls1080">an </span><span class="pp-class-382 pa t56536 l10624 ls2149">active </span><span class="pp-class-382 pa t56536 l56541 ls3623">market </span><span class="pp-class-382 pa t56536 l56542 ls3278">for </span><span class="pp-class-382 pa t56536 l56543 ls1237">similar </span><span class="pp-class-382 pa t56536 l56544 ls238">assets </span><span class="pp-class-382 pa t56536 l56545 ls1080">or </span><span class="pp-class-382 pa t56536 l56546 ls1118">liabilities </span><span class="pp-class-382 pa t56536 l56547 ls1080">or </span><span class="pp-class-382 pa t56536 l56548 ls296">other </span><span class="pp-class-382 pa t56536 l56549 ls828">valuation </span><span class="pp-class-382 pa t56536 l56550 ls3474">methods </span><span class="pp-class-382 pa t56536 l56551 ls728">where </span><span class="pp-class-382 pa t56552 l1007 ls1099">all </span><span class="pp-class-382 pa t56552 l56553 ls2142">material </span><span class="pp-class-382 pa t56552 l56554 ls1759">input </span><span class="pp-class-382 pa t56552 l56555 ls1080">is </span><span class="pp-class-382 pa t56552 l56556 ls1759">based </span><span class="pp-class-382 pa t56552 l56557 ls1080">on </span><span class="pp-class-382 pa t56552 l56558 ls3474">observable </span><span class="pp-class-382 pa t56552 l56559 ls3623">market </span><span class="pp-class-382 pa t56552 l56560 ls1237">data.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56561 l1592 ls646">Level </span><span class="pp-class-382 pa t56561 l10896 ls1080">3: </span><span class="pp-class-382 pa t56561 l56562 ls7858">Valuation </span><span class="pp-class-382 pa t56561 l19272 ls3474">methods </span><span class="pp-class-382 pa t56561 l56563 ls2784">where </span><span class="pp-class-382 pa t56561 l56564 ls2694">possible </span><span class="pp-class-382 pa t56561 l56565 ls2142">material </span><span class="pp-class-382 pa t56561 l56566 ls1759">input </span><span class="pp-class-382 pa t56561 l56567 ls1080">is </span><span class="pp-class-382 pa t56561 l56568 ls830">not </span><span class="pp-class-382 pa t56561 l56569 ls1759">based </span><span class="pp-class-382 pa t56561 l56570 ls1080">on </span><span class="pp-class-382 pa t56561 l56571 ls3474">observable </span><span class="pp-class-382 pa t56561 l56572 ls3623">market </span><span class="pp-class-382 pa t56561 l56573 ls1237">data.</span></p></div></div><div id="pp-id-5242" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span><span class="pp-class-372 pa t328 l56574"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56575 ls1323">Level </span><span class="pp-class-373 pa t43218 l56576">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56577 ls1323">Level </span><span class="pp-class-373 pa t43218 l52866">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56578 ls1323">Level </span><span class="pp-class-373 pa t43218 l56579">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t43223 l29575">financial </span><span class="pp-class-372 pa t43223 l56580 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l54346 ls278">165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l3">Securities, </span><span class="pp-class-372 pa t3097 l3250">financial </span><span class="pp-class-372 pa t3097 l56581 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56582 l29575">financial </span><span class="pp-class-372 pa t56582 l56580">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l56583 ls2835">143</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l3 ls813">Net </span><span class="pp-class-373 pa t56584 l43299 ls2220">asset/(liability)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l56585">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l55925">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l47088">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l46689">2023 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56575 ls1323">Level </span><span class="pp-class-373 pa t56587 l56576">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56577 ls1323">Level </span><span class="pp-class-373 pa t56587 l52866">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56578 ls1323">Level </span><span class="pp-class-373 pa t56587 l56579">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56588 l29575">financial </span><span class="pp-class-372 pa t56588 l56580 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l56589 ls18759">175</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l3">Securities, </span><span class="pp-class-372 pa t56590 l3250">financial </span><span class="pp-class-372 pa t56590 l56581 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56591 l29575">financial </span><span class="pp-class-372 pa t56591 l56580">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l53310">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l3 ls813">Net </span><span class="pp-class-373 pa t56592 l43299 ls2220">asset/(liability)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l56585">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l50646">80</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l47088">2</span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t56593 l3 ls4279">Derivative </span><span class="pp-class-382 pa t56593 l56594 ls1073">financial </span><span class="pp-class-382 pa t56593 l56595 ls238">assets </span><span class="pp-class-382 pa t56593 l18559 ls858">and </span><span class="pp-class-382 pa t56593 l10072 ls1118">liabilities </span><span class="pp-class-382 pa t56593 l56596 ls800">are </span><span class="pp-class-382 pa t56593 l47575 ls1099">all </span><span class="pp-class-382 pa t56593 l56597 ls8853">measured </span><span class="pp-class-382 pa t56593 l56598 ls1083">at </span><span class="pp-class-382 pa t56593 l51636 ls646">level </span><span class="pp-class-382 pa t56593 l56599 ls1080">2. </span><span class="pp-class-382 pa t56593 l49802 ls2944">Reference </span><span class="pp-class-382 pa t56593 l56600 ls1080">is </span><span class="pp-class-382 pa t56593 l56601 ls1772">made </span><span class="pp-class-382 pa t56593 l56602 ls1759">to </span><span class="pp-class-382 pa t56593 l56603 ls1859">note </span><span class="pp-class-382 pa t56593 l44351 ls1099">4.1 </span><span class="pp-class-382 pa t56593 l56604 ls99">for </span><span class="pp-class-382 pa t56605 l3 ls4275">description </span><span class="pp-class-382 pa t56605 l747 ls103">of </span><span class="pp-class-382 pa t56605 l5854 ls858">the </span><span class="pp-class-382 pa t56605 l56606 ls828">valuation </span><span class="pp-class-382 pa t56605 l56607 ls238">method.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56608 l3 ls14077">Transfers </span><span class="pp-class-382 pa t56608 l56609 ls1244">between </span><span class="pp-class-382 pa t56608 l56610 ls2531">levels </span><span class="pp-class-382 pa t56608 l56611 ls103">of </span><span class="pp-class-382 pa t56608 l56612 ls858">the </span><span class="pp-class-382 pa t56608 l56613 ls3278">fair </span><span class="pp-class-382 pa t56608 l56614 ls1083">value </span><span class="pp-class-382 pa t56608 l51520 ls2459">hierarchy </span><span class="pp-class-382 pa t56608 l56615 ls800">are </span><span class="pp-class-382 pa t56608 l56616 ls2970">considered </span><span class="pp-class-382 pa t56608 l56617 ls1759">to </span><span class="pp-class-382 pa t56608 l56618 ls185">have </span><span class="pp-class-382 pa t56608 l56619 ls8853">occurred </span><span class="pp-class-382 pa t56608 l47278 ls1083">at </span><span class="pp-class-382 pa t56608 l44191 ls1099">the </span><span class="pp-class-382 pa t56608 l56620 ls852">date </span><span class="pp-class-382 pa t56608 l56621 ls103">of </span><span class="pp-class-382 pa t56608 l56622 ls1099">the </span><span class="pp-class-382 pa t56608 l56623 ls9967">event </span><span class="pp-class-382 pa t56608 l56624 ls278">or </span><span class="pp-class-382 pa t56625 l3 ls2486">change </span><span class="pp-class-382 pa t56625 l55217 ls1080">in </span><span class="pp-class-382 pa t56625 l56626 ls2970">circumstances </span><span class="pp-class-382 pa t56625 l31431 ls6360">that </span><span class="pp-class-382 pa t56625 l32156 ls238">caused </span><span class="pp-class-382 pa t56625 l56627 ls1099">the </span><span class="pp-class-382 pa t56625 l56628 ls4765">transfer. </span><span class="pp-class-382 pa t56625 l56629 ls2784">There </span><span class="pp-class-382 pa t56625 l56630 ls2848">were </span><span class="pp-class-382 pa t56625 l56631 ls1080">no </span><span class="pp-class-382 pa t56625 l56632 ls2784">transfers </span><span class="pp-class-382 pa t56625 l56633 ls1244">between </span><span class="pp-class-382 pa t56625 l56634 ls1099">the </span><span class="pp-class-382 pa t56625 l56635 ls2531">levels </span><span class="pp-class-382 pa t56625 l56636 ls1080">in </span><span class="pp-class-382 pa t56625 l56637 ls1099">the </span><span class="pp-class-382 pa t56625 l56638 ls3278">fair </span><span class="pp-class-382 pa t56625 l56639 ls5039">value </span><span class="pp-class-382 pa t56640 l3 ls2459">hierarchy </span><span class="pp-class-382 pa t56640 l15721 ls1080">in </span><span class="pp-class-382 pa t56640 l56641 ls1150">2024 </span><span class="pp-class-382 pa t56640 l56642 ls2486">(2023: </span><span class="pp-class-382 pa t56640 l56643 ls1080">No </span><span class="pp-class-382 pa t56640 l56644 ls1243">transfers).</span></p></div></div><div id="pp-id-5118" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls1759 wtro3159 wtr1293 tro3160 tr1294">Restated </span><span class="pp-class-376 pa t3433 l56132 ls3572 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-376 pa t3433 l56133 ls931 wtro3159 wtr1293 tro3160 tr1294">changes </span><span class="pp-class-376 pa t3433 l56134 ls128 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-376 pa t3439 l3 ls1733 wtro3159 wtr1293 tro3160 tr1294">accounting </span><span class="pp-class-376 pa t3439 l41418 ls2955 wtro3159 wtr1293 tro3160 tr1294">policy, </span><span class="pp-class-376 pa t3439 l56135 ls53 wtro3159 wtr1293 tro3160 tr1294">refer </span><span class="pp-class-376 pa t3445 l3 ls2835 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-376 pa t3445 l56136 ls3572 wtro3159 wtr1293 tro3160 tr1294">note </span><span class="pp-class-376 pa t3445 l56137 ls182 wtro3159 wtr1293 tro3160 tr1294">1.2.</span></p></div></div><div class="pp-class-10" id="pp-id-5245" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.2 </span><span class="pp-class-370 pa t21055 l43638 ls182">Information </span><span class="pp-class-370 pa t21055 l56439">on </span><span class="pp-class-370 pa t21055 l56440 ls986">financial </span><span class="pp-class-370 pa t21055 l56441 ls105">instruments </span><span class="pp-class-371 pa t21055 l56646 ls155">(continued)</span></p><div id="pp-id-5244"><div class="pp-class-363 pp-class-395" id="pp-id-5243"><div class="w37231 h56647 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2138">Derivative </span><span class="pp-class-383 pa t30083 l56648 ls1126">financial </span><span class="pp-class-383 pa t30083 l47429 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4279">Derivative </span><span class="pp-class-382 pa t30087 l56594 ls1073">financial </span><span class="pp-class-382 pa t30087 l56595 ls806">instruments </span><span class="pp-class-382 pa t30087 l56649 ls800">are </span><span class="pp-class-382 pa t30087 l56650 ls8853">measured </span><span class="pp-class-382 pa t30087 l55437 ls1080">in </span><span class="pp-class-382 pa t30087 l56651 ls1099">the </span><span class="pp-class-382 pa t30087 l56652 ls1237">balance </span><span class="pp-class-382 pa t30087 l56653 ls296">sheet </span><span class="pp-class-382 pa t30087 l56654 ls1083">at </span><span class="pp-class-382 pa t30087 l56655 ls3278">fair </span><span class="pp-class-382 pa t30087 l56656 ls1083">value </span><span class="pp-class-382 pa t30087 l56657 ls1080">as </span><span class="pp-class-382 pa t30087 l54792 ls1243">from </span><span class="pp-class-382 pa t30087 l56658 ls858">the </span><span class="pp-class-382 pa t30087 l56659 ls1859">date </span><span class="pp-class-382 pa t30093 l3 ls2784">where </span><span class="pp-class-382 pa t30093 l3267 ls858">the </span><span class="pp-class-382 pa t30093 l13688 ls4279">derivative </span><span class="pp-class-382 pa t30093 l56660 ls1073">financial </span><span class="pp-class-382 pa t30093 l56661 ls806">instrument </span><span class="pp-class-382 pa t30093 l56662 ls1080">is </span><span class="pp-class-382 pa t30093 l56663 ls3474">concluded. </span><span class="pp-class-382 pa t30093 l56664 ls1099">The </span><span class="pp-class-382 pa t30093 l56665 ls3278">fair </span><span class="pp-class-382 pa t30093 l37923 ls1150">values </span><span class="pp-class-382 pa t30093 l56666 ls103">of </span><span class="pp-class-382 pa t30093 l56667 ls7694">derivatives </span><span class="pp-class-382 pa t30093 l56668 ls1323">financial </span><span class="pp-class-382 pa t30098 l3 ls806">instruments </span><span class="pp-class-382 pa t30098 l45776 ls800">are </span><span class="pp-class-382 pa t30098 l24500 ls852">presented </span><span class="pp-class-382 pa t30098 l3195 ls1080">as </span><span class="pp-class-382 pa t30098 l56669 ls4279">derivative </span><span class="pp-class-382 pa t30098 l56670 ls1073">financial </span><span class="pp-class-382 pa t30098 l56671 ls806">instruments </span><span class="pp-class-382 pa t30098 l56672 ls1759">under </span><span class="pp-class-382 pa t30098 l56673 ls238">assets </span><span class="pp-class-382 pa t30098 l56674 ls1080">if </span><span class="pp-class-382 pa t30098 l56675 ls2088">positive </span><span class="pp-class-382 pa t30098 l56676 ls1080">or </span><span class="pp-class-382 pa t30098 l56677 ls1080">under </span><span class="pp-class-382 pa t30105 l3 ls1118">liabilities </span><span class="pp-class-382 pa t30105 l44406 ls1080">if </span><span class="pp-class-382 pa t30105 l56678 ls1463">negative. </span><span class="pp-class-382 pa t30105 l56679 ls960">Netting </span><span class="pp-class-382 pa t30105 l56680 ls103">of </span><span class="pp-class-382 pa t30105 l56681 ls2088">positive </span><span class="pp-class-382 pa t30105 l56682 ls858">and </span><span class="pp-class-382 pa t30105 l56683 ls2944">negative </span><span class="pp-class-382 pa t30105 l56684 ls4279">derivative </span><span class="pp-class-382 pa t30105 l56685 ls1073">financial </span><span class="pp-class-382 pa t30105 l56686 ls806">instruments </span><span class="pp-class-382 pa t30105 l56687 ls1080">is </span><span class="pp-class-382 pa t30105 l56688 ls4305">only </span><span class="pp-class-382 pa t30110 l3 ls1321">performed </span><span class="pp-class-382 pa t30110 l56689 ls1080">if </span><span class="pp-class-382 pa t30110 l3898 ls858">the </span><span class="pp-class-382 pa t30110 l56690 ls2784">Group </span><span class="pp-class-382 pa t30110 l56691 ls1080">is </span><span class="pp-class-382 pa t30110 l56692 ls830">entitled </span><span class="pp-class-382 pa t30110 l56693 ls1759">to </span><span class="pp-class-382 pa t30110 l56694 ls858">and </span><span class="pp-class-382 pa t30110 l56695 ls858">has </span><span class="pp-class-382 pa t30110 l56696 ls858">the </span><span class="pp-class-382 pa t30110 l56697 ls1321">intention </span><span class="pp-class-382 pa t30110 l56698 ls1759">to </span><span class="pp-class-382 pa t30110 l56699 ls1244">settle </span><span class="pp-class-382 pa t30110 l56700 ls858">the </span><span class="pp-class-382 pa t30110 l56701 ls4279">derivative </span><span class="pp-class-382 pa t30110 l56702 ls1323">financial </span><span class="pp-class-382 pa t37915 l3 ls806">instruments </span><span class="pp-class-382 pa t37915 l45776 ls1080">as </span><span class="pp-class-382 pa t37915 l56703 ls302">a </span><span class="pp-class-382 pa t37915 l56704 ls1323">net. </span><span class="pp-class-382 pa t37915 l50467 ls1772">Fair </span><span class="pp-class-382 pa t37915 l56705 ls1150">values </span><span class="pp-class-382 pa t37915 l56706 ls103">of </span><span class="pp-class-382 pa t37915 l51422 ls4279">derivative </span><span class="pp-class-382 pa t37915 l56707 ls1073">financial </span><span class="pp-class-382 pa t37915 l56708 ls806">instruments </span><span class="pp-class-382 pa t37915 l56709 ls800">are </span><span class="pp-class-382 pa t37915 l49204 ls296">computed </span><span class="pp-class-382 pa t37915 l56710 ls1080">on </span><span class="pp-class-382 pa t37915 l56711 ls1099">the </span><span class="pp-class-382 pa t37915 l56712 ls1759">basis </span><span class="pp-class-382 pa t37915 l56713 ls134">of </span><span class="pp-class-382 pa t37930 l3 ls852">current </span><span class="pp-class-382 pa t37930 l46050 ls3623">market </span><span class="pp-class-382 pa t37930 l34319 ls852">data </span><span class="pp-class-382 pa t37930 l56714 ls1099">and </span><span class="pp-class-382 pa t37930 l56715 ls4396">generally </span><span class="pp-class-382 pa t37930 l11415 ls2142">accepted </span><span class="pp-class-382 pa t37930 l56716 ls828">valuation </span><span class="pp-class-382 pa t37930 l56717 ls3474">methods.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls1237">Fair </span><span class="pp-class-383 pa t49646 l56718 ls2784">value </span><span class="pp-class-383 pa t49646 l56719 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls1237" xmlns="http://www.w3.org/1999/xhtml">Changes </span><span class="pp-class-382 pa t37943 l46658 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37943 l54608 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37943 l53288 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37943 l56720 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37943 l56721 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37943 l56722 ls1073" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t37943 l56723 ls806" xmlns="http://www.w3.org/1999/xhtml">instruments </span><span class="pp-class-382 pa t37943 l56724 ls803" xmlns="http://www.w3.org/1999/xhtml">designated </span><span class="pp-class-382 pa t37943 l49729 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l47066 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37943 l56725 ls1759" xmlns="http://www.w3.org/1999/xhtml">qualifying </span><span class="pp-class-382 pa t37943 l56726 ls3278" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t37943 l56727 ls2142" xmlns="http://www.w3.org/1999/xhtml">recognition </span><span class="pp-class-382 pa t37943 l56728 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l56729 ls12" xmlns="http://www.w3.org/1999/xhtml">a </span><span class="pp-class-382 pa t37948 l3 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37948 l56730 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37948 l30730 ls1759" xmlns="http://www.w3.org/1999/xhtml">hedge </span><span class="pp-class-382 pa t37948 l56731 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37948 l45792 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56732 ls238" xmlns="http://www.w3.org/1999/xhtml">assets </span><span class="pp-class-382 pa t37948 l56733 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37948 l56734 ls1118" xmlns="http://www.w3.org/1999/xhtml">liabilities </span><span class="pp-class-382 pa t37948 l56735 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t37948 l49728 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56736 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37948 l56737 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37948 l56738 ls2486" xmlns="http://www.w3.org/1999/xhtml">income </span><span class="pp-class-382 pa t37948 l56739 ls1150" xmlns="http://www.w3.org/1999/xhtml">statement </span><span class="pp-class-382 pa t37948 l56740 ls819" xmlns="http://www.w3.org/1999/xhtml">together </span><span class="pp-class-382 pa t37961 l3 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t37961 l10466 ls1237" xmlns="http://www.w3.org/1999/xhtml">changes </span><span class="pp-class-382 pa t37961 l30963 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37961 l38976 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56741 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37961 l56742 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37961 l18570 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l4129 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56743 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t37961 l56744 ls1080" xmlns="http://www.w3.org/1999/xhtml">or </span><span class="pp-class-382 pa t37961 l56745 ls1073" xmlns="http://www.w3.org/1999/xhtml">liability </span><span class="pp-class-382 pa t37961 l56746 ls1759" xmlns="http://www.w3.org/1999/xhtml">based </span><span class="pp-class-382 pa t37961 l56747 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t37961 l56748 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56749 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56750 ls3278" xmlns="http://www.w3.org/1999/xhtml">proportion. </span><span class="pp-class-382 pa t37961 l56751 ls1237">Hedging </span><span class="pp-class-382 pa t37961 l56752 ls134">of </span><span class="pp-class-382 pa t37974 l3 ls1083">future </span><span class="pp-class-382 pa t37974 l34026 ls1323">cash </span><span class="pp-class-382 pa t37974 l33487 ls2784">flows </span><span class="pp-class-382 pa t37974 l56753 ls6007">according </span><span class="pp-class-382 pa t37974 l56754 ls1759">to </span><span class="pp-class-382 pa t37974 l56755 ls6007">agreements </span><span class="pp-class-382 pa t37974 l45145 ls1759">(firm </span><span class="pp-class-382 pa t37974 l56756 ls2489">commitments), </span><span class="pp-class-382 pa t37974 l56757 ls3382">except </span><span class="pp-class-382 pa t37974 l56758 ls3278">for </span><span class="pp-class-382 pa t37974 l56759 ls1463">foreign </span><span class="pp-class-382 pa t37974 l56760 ls3377">currency </span><span class="pp-class-382 pa t37974 l56761 ls1099">hedges, </span><span class="pp-class-382 pa t49077 l3 ls1080">is </span><span class="pp-class-382 pa t49077 l46558 ls3458">treated </span><span class="pp-class-382 pa t49077 l56762 ls1080">as </span><span class="pp-class-382 pa t49077 l56763 ls302">a </span><span class="pp-class-382 pa t49077 l56764 ls3278">fair </span><span class="pp-class-382 pa t49077 l56765 ls1083">value </span><span class="pp-class-382 pa t49077 l56766 ls1759">hedge </span><span class="pp-class-382 pa t49077 l16536 ls103">of </span><span class="pp-class-382 pa t49077 l56767 ls302">a </span><span class="pp-class-382 pa t49077 l56768 ls2970">recognised </span><span class="pp-class-382 pa t49077 l56769 ls296">asset </span><span class="pp-class-382 pa t49077 l36990 ls1099">and </span><span class="pp-class-382 pa t49077 l56770 ls185">liability.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls1323">Cash </span><span class="pp-class-383 pa t37977 l45507 ls2944">flow </span><span class="pp-class-383 pa t37977 l56771 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls103">Changes </span><span class="pp-class-382 pa t36901 l56772 ls2482">in </span><span class="pp-class-382 pa t36901 l56773 ls1955">the </span><span class="pp-class-382 pa t36901 l250 ls276">fair </span><span class="pp-class-382 pa t36901 l56774 ls5039">value </span><span class="pp-class-382 pa t36901 l56775 ls2835">of </span><span class="pp-class-382 pa t36901 l18339 ls3572">financial </span><span class="pp-class-382 pa t36901 l56776 ls56">instruments </span><span class="pp-class-382 pa t36901 l56777 ls1319">designated </span><span class="pp-class-382 pa t36901 l56778 ls2482">as </span><span class="pp-class-382 pa t36901 l46236 ls1955">and </span><span class="pp-class-382 pa t36901 l56779 ls85">qualifying </span><span class="pp-class-382 pa t36901 l56780 ls1237">for </span><span class="pp-class-382 pa t36901 l56781 ls1344">cash </span><span class="pp-class-382 pa t36901 l56782 ls1772">flow </span><span class="pp-class-382 pa t36901 l56783 ls1955">hedging </span><span class="pp-class-382 pa t36903 l3 ls1955">and </span><span class="pp-class-382 pa t36903 l56784 ls1080">which </span><span class="pp-class-382 pa t36903 l10920 ls2760">effectively </span><span class="pp-class-382 pa t36903 l56785 ls1080">hedge </span><span class="pp-class-382 pa t36903 l56786 ls103">changes </span><span class="pp-class-382 pa t36903 l17115 ls2482">in </span><span class="pp-class-382 pa t36903 l56787 ls2113">future </span><span class="pp-class-382 pa t36903 l56788 ls1344">cash </span><span class="pp-class-382 pa t36903 l56789 ls2113">flows, </span><span class="pp-class-382 pa t36903 l56790 ls1974">are </span><span class="pp-class-382 pa t36903 l56791 ls3474">recognised </span><span class="pp-class-382 pa t36903 l56792 ls2482">in </span><span class="pp-class-382 pa t36903 l56793 ls58">other </span><span class="pp-class-382 pa t36903 l56794 ls1772">comprehensive </span><span class="pp-class-382 pa t36916 l3 ls869">income. </span><span class="pp-class-382 pa t36916 l31834 ls1955">The </span><span class="pp-class-382 pa t36916 l56795 ls3566">change </span><span class="pp-class-382 pa t36916 l16336 ls2482">in </span><span class="pp-class-382 pa t36916 l56796 ls276">fair </span><span class="pp-class-382 pa t36916 l53013 ls5039">value </span><span class="pp-class-382 pa t36916 l56797 ls4275">that </span><span class="pp-class-382 pa t36916 l53348 ls4305">relates </span><span class="pp-class-382 pa t36916 l56798 ls103">to </span><span class="pp-class-382 pa t36916 l56799 ls1955">the </span><span class="pp-class-382 pa t36916 l56800 ls2088">effective </span><span class="pp-class-382 pa t36916 l45826 ls658">portion </span><span class="pp-class-382 pa t36916 l56801 ls2835">of </span><span class="pp-class-382 pa t36916 l56802 ls1955">the </span><span class="pp-class-382 pa t36916 l54629 ls1344">cash </span><span class="pp-class-382 pa t36916 l56803 ls1772">flow </span><span class="pp-class-382 pa t36916 l56804 ls1080">hedge </span><span class="pp-class-382 pa t36916 l56805 ls254">is </span><span class="pp-class-382 pa t36920 l3 ls3474">recognised </span><span class="pp-class-382 pa t36920 l56806 ls2482">as </span><span class="pp-class-382 pa t36920 l16615 ls16">a </span><span class="pp-class-382 pa t36920 l56690 ls1974">separate </span><span class="pp-class-382 pa t36920 l56807 ls3566">equity </span><span class="pp-class-382 pa t36920 l56808 ls728">reserve </span><span class="pp-class-382 pa t36920 l56809 ls1110">until </span><span class="pp-class-382 pa t36920 l56810 ls1955">the </span><span class="pp-class-382 pa t36920 l56811 ls3566">hedged </span><span class="pp-class-382 pa t36920 l51591 ls1344">cash </span><span class="pp-class-382 pa t36920 l56812 ls1772">flow </span><span class="pp-class-382 pa t36920 l56813 ls1118">impacts </span><span class="pp-class-382 pa t36920 l56814 ls1955">the </span><span class="pp-class-382 pa t36920 l56815 ls3566">income </span><span class="pp-class-382 pa t36920 l56816 ls276">statement. </span><span class="pp-class-382 pa t36928 l3 ls2769">At </span><span class="pp-class-382 pa t36928 l56817 ls1344">this </span><span class="pp-class-382 pa t36928 l56818 ls1110">point </span><span class="pp-class-382 pa t36928 l17453 ls2482">in </span><span class="pp-class-382 pa t36928 l44018 ls1344">time </span><span class="pp-class-382 pa t36928 l50753 ls1955">the </span><span class="pp-class-382 pa t36928 l56819 ls4305">related </span><span class="pp-class-382 pa t36928 l56820 ls1080">gains </span><span class="pp-class-382 pa t36928 l56821 ls2482">or </span><span class="pp-class-382 pa t36928 l56822 ls3566">losses </span><span class="pp-class-382 pa t36928 l56823 ls7096">previously </span><span class="pp-class-382 pa t36928 l56824 ls3474">recognised </span><span class="pp-class-382 pa t36928 l56825 ls2482">in </span><span class="pp-class-382 pa t36928 l56826 ls58">other </span><span class="pp-class-382 pa t36928 l56827 ls2113">comprehensive </span><span class="pp-class-382 pa t36928 l56828 ls2835">income </span><span class="pp-class-382 pa t38016 l3 ls1974">are </span><span class="pp-class-382 pa t38016 l56829 ls6007">transferred </span><span class="pp-class-382 pa t38016 l56830 ls103">to </span><span class="pp-class-382 pa t38016 l32572 ls1955">the </span><span class="pp-class-382 pa t38016 l52521 ls3566">income </span><span class="pp-class-382 pa t38016 l56831 ls3278">statement </span><span class="pp-class-382 pa t38016 l56832 ls1323">into </span><span class="pp-class-382 pa t38016 l56833 ls1955">the </span><span class="pp-class-382 pa t38016 l13649 ls1344">same </span><span class="pp-class-382 pa t38016 l56834 ls1344">line </span><span class="pp-class-382 pa t38016 l56835 ls1123">item </span><span class="pp-class-382 pa t38016 l56836 ls2482">as </span><span class="pp-class-382 pa t38016 l56837 ls1955">the </span><span class="pp-class-382 pa t38016 l56838 ls3566">hedged </span><span class="pp-class-382 pa t38016 l56839 ls1123">item </span><span class="pp-class-382 pa t38016 l56840 ls2482">is </span><span class="pp-class-382 pa t38016 l56841 ls1305">recognised. </span><span class="pp-class-382 pa t49235 l3 ls14073">However, </span><span class="pp-class-382 pa t49235 l56842 ls1344">when </span><span class="pp-class-382 pa t49235 l56843 ls1955">the </span><span class="pp-class-382 pa t49235 l30618 ls3105">forecast </span><span class="pp-class-382 pa t49235 l51090 ls2088">transaction </span><span class="pp-class-382 pa t49235 l56844 ls4275">that </span><span class="pp-class-382 pa t49235 l36927 ls2482">is </span><span class="pp-class-382 pa t49235 l56845 ls3566">hedged </span><span class="pp-class-382 pa t49235 l56846 ls8853">results </span><span class="pp-class-382 pa t49235 l56847 ls2482">in </span><span class="pp-class-382 pa t49235 l56848 ls1955">the </span><span class="pp-class-382 pa t49235 l56849 ls296">recognition </span><span class="pp-class-382 pa t49235 l56850 ls2835">of </span><span class="pp-class-382 pa t49235 l53021 ls16">a </span><span class="pp-class-382 pa t49235 l56851 ls1065">non-financial </span><span class="pp-class-382 pa t38021 l3 ls3566">asset, </span><span class="pp-class-382 pa t38021 l38025 ls1955">the </span><span class="pp-class-382 pa t38021 l56852 ls1080">gains </span><span class="pp-class-382 pa t38021 l56853 ls2482">or </span><span class="pp-class-382 pa t38021 l56854 ls3566">losses </span><span class="pp-class-382 pa t38021 l14180 ls7096">previously </span><span class="pp-class-382 pa t38021 l56855 ls3474">recognised </span><span class="pp-class-382 pa t38021 l56856 ls2482">in </span><span class="pp-class-382 pa t38021 l56857 ls58">other </span><span class="pp-class-382 pa t38021 l56858 ls2113">comprehensive </span><span class="pp-class-382 pa t38021 l56859 ls3566">income </span><span class="pp-class-382 pa t38021 l56860 ls1974">are </span><span class="pp-class-382 pa t38021 l25310 ls6007">transferred </span><span class="pp-class-382 pa t38021 l56861 ls1772">from </span><span class="pp-class-382 pa t38024 l3 ls3566">equity </span><span class="pp-class-382 pa t38024 l45246 ls1955">and </span><span class="pp-class-382 pa t38024 l53339 ls99">included </span><span class="pp-class-382 pa t38024 l56862 ls2482">in </span><span class="pp-class-382 pa t38024 l16248 ls1955">the </span><span class="pp-class-382 pa t38024 l56863 ls103">initial </span><span class="pp-class-382 pa t38024 l56864 ls4275">measurement </span><span class="pp-class-382 pa t38024 l56865 ls2835">of </span><span class="pp-class-382 pa t38024 l56866 ls1955">the </span><span class="pp-class-382 pa t38024 l56867 ls1344">cost </span><span class="pp-class-382 pa t38024 l56868 ls2835">of </span><span class="pp-class-382 pa t38024 l56869 ls1955">the </span><span class="pp-class-382 pa t38024 l56870 ls3566">non-financial </span><span class="pp-class-382 pa t38024 l56871 ls3566">asset. </span><span class="pp-class-382 pa t38024 l56872 ls1077">For </span><span class="pp-class-382 pa t38024 l56873 ls6360">derivative </span><span class="pp-class-382 pa t38039 l3 ls3572">financial </span><span class="pp-class-382 pa t38039 l56874 ls56">instruments </span><span class="pp-class-382 pa t38039 l56875 ls4275">that </span><span class="pp-class-382 pa t38039 l56876 ls2482">no </span><span class="pp-class-382 pa t38039 l56877 ls3566">longer </span><span class="pp-class-382 pa t38039 l56878 ls214">qualify </span><span class="pp-class-382 pa t38039 l35069 ls1237">for </span><span class="pp-class-382 pa t38039 l56879 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56880 ls187">accounting, </span><span class="pp-class-382 pa t38039 l55935 ls1955">the </span><span class="pp-class-382 pa t38039 l56881 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56882 ls2482">is </span><span class="pp-class-382 pa t38039 l56883 ls2854">dissolved </span><span class="pp-class-382 pa t49735 l3 ls10900">prospectively. </span><span class="pp-class-382 pa t49735 l56884 ls1955">The </span><span class="pp-class-382 pa t49735 l56885 ls1772">accumulated </span><span class="pp-class-382 pa t49735 l56886 ls276">fair </span><span class="pp-class-382 pa t49735 l56887 ls5039">value </span><span class="pp-class-382 pa t49735 l56888 ls2482">in </span><span class="pp-class-382 pa t49735 l56889 ls3566">equity </span><span class="pp-class-382 pa t49735 l56890 ls2482">is </span><span class="pp-class-382 pa t49735 l56891 ls2127">immediately </span><span class="pp-class-382 pa t49735 l56892 ls6007">transferred </span><span class="pp-class-382 pa t49735 l56893 ls103">to </span><span class="pp-class-382 pa t49735 l56894 ls1955">the </span><span class="pp-class-382 pa t49735 l56895 ls2835">income </span><span class="pp-class-382 pa t49748 l3 ls3278">statement </span><span class="pp-class-382 pa t49748 l56896 ls1323">into </span><span class="pp-class-382 pa t49748 l56897 ls1955">the </span><span class="pp-class-382 pa t49748 l56898 ls1344">same </span><span class="pp-class-382 pa t49748 l32537 ls1344">line </span><span class="pp-class-382 pa t49748 l56899 ls1123">item </span><span class="pp-class-382 pa t49748 l56900 ls2482">as </span><span class="pp-class-382 pa t49748 l56901 ls1955">the </span><span class="pp-class-382 pa t49748 l56902 ls3566">hedged </span><span class="pp-class-382 pa t49748 l56903 ls1123">item </span><span class="pp-class-382 pa t49748 l47460 ls2482">is </span><span class="pp-class-382 pa t49748 l56904 ls3474">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t51196 l3 ls1759">Other </span><span class="pp-class-383 pa t51196 l49181 ls1126">financial </span><span class="pp-class-383 pa t51196 l56905 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1772">For </span><span class="pp-class-382 pa t49777 l44017 ls1073">financial </span><span class="pp-class-382 pa t49777 l56906 ls806">instruments </span><span class="pp-class-382 pa t49777 l56907 ls6360">that </span><span class="pp-class-382 pa t49777 l56908 ls1080">do </span><span class="pp-class-382 pa t49777 l56909 ls830">not </span><span class="pp-class-382 pa t49777 l56910 ls2842">fulfil </span><span class="pp-class-382 pa t49777 l56911 ls858">the </span><span class="pp-class-382 pa t49777 l56912 ls2688">requirements </span><span class="pp-class-382 pa t49777 l56913 ls103">of </span><span class="pp-class-382 pa t49777 l56914 ls1759">being </span><span class="pp-class-382 pa t49777 l56915 ls3458">treated </span><span class="pp-class-382 pa t49777 l56916 ls1080">as </span><span class="pp-class-382 pa t49777 l56917 ls1759">hedge </span><span class="pp-class-382 pa t49777 l56918 ls1941">instruments, </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1237">changes </span><span class="pp-class-382 pa t49792 l56919 ls1080">in </span><span class="pp-class-382 pa t49792 l29583 ls3278">fair </span><span class="pp-class-382 pa t49792 l56920 ls1083">value </span><span class="pp-class-382 pa t49792 l56921 ls800">are </span><span class="pp-class-382 pa t49792 l56922 ls2970">recognised </span><span class="pp-class-382 pa t49792 l56923 ls1080">in </span><span class="pp-class-382 pa t49792 l34249 ls858">the </span><span class="pp-class-382 pa t49792 l2583 ls2486">Income </span><span class="pp-class-382 pa t49792 l56924 ls1150">statement </span><span class="pp-class-382 pa t49792 l56925 ls1080">as </span><span class="pp-class-382 pa t49792 l56926 ls1073">financial </span><span class="pp-class-382 pa t49792 l56927 ls2486">income </span><span class="pp-class-382 pa t49792 l56928 ls858">and </span><span class="pp-class-382 pa t49792 l56929 ls1733">cost.</span></p></div></div></div></div></div> <div id="pp-id-5241" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h56438 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.2 </span><span class="pp-class-370 pa t21055 l43638 ls182">Information </span><span class="pp-class-370 pa t21055 l56439">on </span><span class="pp-class-370 pa t21055 l56440 ls986">financial </span><span class="pp-class-370 pa t21055 l56441 ls907">instruments</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3 ls2548">Carrying </span><span class="pp-class-373 pa t42308 l42889 ls907">amount </span><span class="pp-class-373 pa t42308 l48787">per </span><span class="pp-class-373 pa t42308 l56443 ls704">category </span><span class="pp-class-373 pa t42308 l4251">of </span><span class="pp-class-373 pa t42308 l6640 ls2548">financial </span><span class="pp-class-373 pa t42308 l40483 ls287">instruments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3">Financial </span><span class="pp-class-372 pa t43125 l2916 ls175">assets </span><span class="pp-class-372 pa t43125 l55733 ls1259">measured </span><span class="pp-class-372 pa t43125 l56444 ls2835">at </span><span class="pp-class-372 pa t43125 l56445 ls1005">fair </span><span class="pp-class-372 pa t43125 l56446 ls16">value:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t22670 l29575 ls1955">related </span><span class="pp-class-372 pa t22670 l56447 ls166">to </span><span class="pp-class-372 pa t22670 l29851 ls110">operating </span><span class="pp-class-372 pa t22670 l10869 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l55925">88</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l48650">56</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t43136 l29575 ls1955">related </span><span class="pp-class-372 pa t43136 l56447 ls166">to </span><span class="pp-class-372 pa t43136 l29851 ls225">interest-bearing </span><span class="pp-class-372 pa t43136 l51633 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l53989 ls3688">77</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l56448">119</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l3">Financial </span><span class="pp-class-372 pa t43142 l2916 ls175">assets </span><span class="pp-class-372 pa t43142 l55733 ls1259">measured </span><span class="pp-class-372 pa t43142 l56444 ls2835">at </span><span class="pp-class-372 pa t43142 l56445 ls2554">amortised </span><span class="pp-class-372 pa t43142 l56449">cost:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l3 ls14077">Trade </span><span class="pp-class-372 pa t19778 l42817 ls81">receivables, </span><span class="pp-class-372 pa t19778 l56450 ls134">receivables </span><span class="pp-class-372 pa t19778 l56451 ls931">from </span><span class="pp-class-372 pa t19778 l40556 ls128">associates </span><span class="pp-class-372 pa t19778 l56452">and </span><span class="pp-class-372 pa t19778 l56453 ls907">joint </span><span class="pp-class-372 pa t19778 l56454 ls203">ventures, </span><span class="pp-class-372 pa t19782 l3 ls72">other </span><span class="pp-class-372 pa t19782 l56455 ls134">receivables </span><span class="pp-class-372 pa t19782 l17037">and </span><span class="pp-class-372 pa t19782 l16709">cash</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19782 l56456 ls3241">6,084</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19782 l56457 ls3241">5,039</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56458 l3">Financial </span><span class="pp-class-372 pa t56458 l2916 ls175">assets </span><span class="pp-class-372 pa t56458 l55733 ls1259">measured </span><span class="pp-class-372 pa t56458 l56444 ls2835">at </span><span class="pp-class-372 pa t56458 l56445 ls1005">fair </span><span class="pp-class-372 pa t56458 l56446 ls16">value </span><span class="pp-class-372 pa t56458 l56459 ls671">through </span><span class="pp-class-372 pa t56458 l56460 ls225">profit </span><span class="pp-class-372 pa t56458 l56461">or </span><span class="pp-class-372 pa t56458 l56462">loss:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l3">Securities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l3 ls2459">Total </span><span class="pp-class-373 pa t56464 l29712 ls2548">financial </span><span class="pp-class-373 pa t56464 l55861 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l50427 ls658">6,251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l56465 ls1733">5,215</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56466 l3">Financial </span><span class="pp-class-372 pa t56466 l2916">liabilities </span><span class="pp-class-372 pa t56466 l56467 ls1259">measured </span><span class="pp-class-372 pa t56466 l56468 ls2835">at </span><span class="pp-class-372 pa t56466 l56469 ls1005">fair </span><span class="pp-class-372 pa t56466 l56470 ls16">value:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56471 l29575 ls1955">related </span><span class="pp-class-372 pa t56471 l56447 ls166">to </span><span class="pp-class-372 pa t56471 l29851 ls110">operating </span><span class="pp-class-372 pa t56471 l10869 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l54027">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l56472 ls124">18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56473 l29575 ls1955">related </span><span class="pp-class-372 pa t56473 l56447 ls166">to </span><span class="pp-class-372 pa t56473 l29851 ls225">interest-bearing </span><span class="pp-class-372 pa t56473 l51633 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l50204">139</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l56474 ls3688">77</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56475 l3">Financial </span><span class="pp-class-372 pa t56475 l2916">liabilities </span><span class="pp-class-372 pa t56475 l56467 ls1259">measured </span><span class="pp-class-372 pa t56475 l56468 ls2835">at </span><span class="pp-class-372 pa t56475 l56469 ls2554">amortised </span><span class="pp-class-372 pa t56475 l56476">cost:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56477 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t56477 l42787">liabilities, </span><span class="pp-class-372 pa t56477 l56478 ls1955">trade </span><span class="pp-class-372 pa t56477 l56479 ls168">payables, </span><span class="pp-class-372 pa t56477 l56480 ls110">payables </span><span class="pp-class-372 pa t56477 l35340 ls166">to </span><span class="pp-class-372 pa t56477 l56481 ls128">associates </span><span class="pp-class-372 pa t56482 l3">and </span><span class="pp-class-372 pa t56482 l4247 ls907">joint </span><span class="pp-class-372 pa t56482 l56483 ls203">ventures, </span><span class="pp-class-372 pa t56482 l56484">and </span><span class="pp-class-372 pa t56482 l56485 ls72">other </span><span class="pp-class-372 pa t56482 l56486 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56482 l56487 ls2760">23,013</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56482 l56488 ls4487">18,974</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l3 ls2459">Total </span><span class="pp-class-373 pa t56489 l29712 ls2548">financial </span><span class="pp-class-373 pa t56489 l55861">liabilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l56490 ls225">23,156</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l56491 ls646">19,069</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t56492 l3 ls1243">Hierarchy </span><span class="pp-class-383 pa t56492 l56493 ls1080">of </span><span class="pp-class-383 pa t56492 l56494 ls1126">financial </span><span class="pp-class-383 pa t56492 l56495 ls806">instruments </span><span class="pp-class-383 pa t56492 l56496 ls53">measured </span><span class="pp-class-383 pa t56492 l56497 ls3435">at </span><span class="pp-class-383 pa t56492 l56498 ls1237">fair </span><span class="pp-class-383 pa t56492 l55458 ls1243">value</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56499 l3 ls858">The </span><span class="pp-class-382 pa t56499 l16631 ls1118">table </span><span class="pp-class-382 pa t56499 l56500 ls2142">below </span><span class="pp-class-382 pa t56499 l56501 ls2851">ranks </span><span class="pp-class-382 pa t56499 l56502 ls1073">financial </span><span class="pp-class-382 pa t56499 l56503 ls806">instruments </span><span class="pp-class-382 pa t56499 l17188 ls1237">carried </span><span class="pp-class-382 pa t56499 l56504 ls1083">at </span><span class="pp-class-382 pa t56499 l56505 ls3278">fair </span><span class="pp-class-382 pa t56499 l20840 ls1083">value </span><span class="pp-class-382 pa t56499 l56506 ls2784">by </span><span class="pp-class-382 pa t56499 l56507 ls828">valuation </span><span class="pp-class-382 pa t56499 l56508 ls3474">method. </span><span class="pp-class-382 pa t56499 l56509 ls1099">The </span><span class="pp-class-382 pa t56499 l56510 ls4305">different </span><span class="pp-class-382 pa t56499 l56511 ls2531">levels </span><span class="pp-class-382 pa t56499 l56512 ls3377">have </span><span class="pp-class-382 pa t56513 l3 ls1323">been </span><span class="pp-class-382 pa t56513 l43769 ls1305">defined </span><span class="pp-class-382 pa t56513 l56514 ls1080">as </span><span class="pp-class-382 pa t56513 l13284 ls1463">follows:</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56515 l1007 ls646">Level </span><span class="pp-class-382 pa t56515 l56516 ls1080">1: </span><span class="pp-class-382 pa t56515 l56517 ls53">Quoted </span><span class="pp-class-382 pa t56515 l56518 ls2486">prices </span><span class="pp-class-382 pa t56515 l56519 ls1080">in </span><span class="pp-class-382 pa t56515 l1848 ls1080">an </span><span class="pp-class-382 pa t56515 l56520 ls2149">active </span><span class="pp-class-382 pa t56515 l56521 ls3623">market </span><span class="pp-class-382 pa t56515 l56522 ls3278">for </span><span class="pp-class-382 pa t56515 l56523 ls1319">identical </span><span class="pp-class-382 pa t56515 l56524 ls1323">type </span><span class="pp-class-382 pa t56515 l56525 ls103">of </span><span class="pp-class-382 pa t56515 l56526 ls1305">instrument, </span><span class="pp-class-382 pa t56515 l56527 ls960">i.e. </span><span class="pp-class-382 pa t56515 l56528 ls1237">without </span><span class="pp-class-382 pa t56515 l56529 ls2486">change </span><span class="pp-class-382 pa t56515 l56530 ls1080">in </span><span class="pp-class-382 pa t56515 l56531 ls3278">form </span><span class="pp-class-382 pa t56515 l56532 ls1080">or </span><span class="pp-class-382 pa t56515 l25154 ls1099">con-</span><span class="pp-class-382 pa t56533 l1007 ls3474">tent </span><span class="pp-class-382 pa t56533 l56534 ls2842">(modification </span><span class="pp-class-382 pa t56533 l43591 ls1080">or </span><span class="pp-class-382 pa t56533 l56535 ls864">repackaging).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56536 l1007 ls646">Level </span><span class="pp-class-382 pa t56536 l56516 ls1080">2: </span><span class="pp-class-382 pa t56536 l56537 ls53">Quoted </span><span class="pp-class-382 pa t56536 l56538 ls2486">prices </span><span class="pp-class-382 pa t56536 l56539 ls1080">in </span><span class="pp-class-382 pa t56536 l56540 ls1080">an </span><span class="pp-class-382 pa t56536 l10624 ls2149">active </span><span class="pp-class-382 pa t56536 l56541 ls3623">market </span><span class="pp-class-382 pa t56536 l56542 ls3278">for </span><span class="pp-class-382 pa t56536 l56543 ls1237">similar </span><span class="pp-class-382 pa t56536 l56544 ls238">assets </span><span class="pp-class-382 pa t56536 l56545 ls1080">or </span><span class="pp-class-382 pa t56536 l56546 ls1118">liabilities </span><span class="pp-class-382 pa t56536 l56547 ls1080">or </span><span class="pp-class-382 pa t56536 l56548 ls296">other </span><span class="pp-class-382 pa t56536 l56549 ls828">valuation </span><span class="pp-class-382 pa t56536 l56550 ls3474">methods </span><span class="pp-class-382 pa t56536 l56551 ls728">where </span><span class="pp-class-382 pa t56552 l1007 ls1099">all </span><span class="pp-class-382 pa t56552 l56553 ls2142">material </span><span class="pp-class-382 pa t56552 l56554 ls1759">input </span><span class="pp-class-382 pa t56552 l56555 ls1080">is </span><span class="pp-class-382 pa t56552 l56556 ls1759">based </span><span class="pp-class-382 pa t56552 l56557 ls1080">on </span><span class="pp-class-382 pa t56552 l56558 ls3474">observable </span><span class="pp-class-382 pa t56552 l56559 ls3623">market </span><span class="pp-class-382 pa t56552 l56560 ls1237">data.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56561 l1592 ls646">Level </span><span class="pp-class-382 pa t56561 l10896 ls1080">3: </span><span class="pp-class-382 pa t56561 l56562 ls7858">Valuation </span><span class="pp-class-382 pa t56561 l19272 ls3474">methods </span><span class="pp-class-382 pa t56561 l56563 ls2784">where </span><span class="pp-class-382 pa t56561 l56564 ls2694">possible </span><span class="pp-class-382 pa t56561 l56565 ls2142">material </span><span class="pp-class-382 pa t56561 l56566 ls1759">input </span><span class="pp-class-382 pa t56561 l56567 ls1080">is </span><span class="pp-class-382 pa t56561 l56568 ls830">not </span><span class="pp-class-382 pa t56561 l56569 ls1759">based </span><span class="pp-class-382 pa t56561 l56570 ls1080">on </span><span class="pp-class-382 pa t56561 l56571 ls3474">observable </span><span class="pp-class-382 pa t56561 l56572 ls3623">market </span><span class="pp-class-382 pa t56561 l56573 ls1237">data.</span></p></div></div><div id="pp-id-5242" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span><span class="pp-class-372 pa t328 l56574"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56575 ls1323">Level </span><span class="pp-class-373 pa t43218 l56576">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56577 ls1323">Level </span><span class="pp-class-373 pa t43218 l52866">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56578 ls1323">Level </span><span class="pp-class-373 pa t43218 l56579">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t43223 l29575">financial </span><span class="pp-class-372 pa t43223 l56580 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l54346 ls278">165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l3">Securities, </span><span class="pp-class-372 pa t3097 l3250">financial </span><span class="pp-class-372 pa t3097 l56581 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56582 l29575">financial </span><span class="pp-class-372 pa t56582 l56580">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l56583 ls2835">143</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l3 ls813">Net </span><span class="pp-class-373 pa t56584 l43299 ls2220">asset/(liability)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l56585">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l55925">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l47088">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l46689">2023 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56575 ls1323">Level </span><span class="pp-class-373 pa t56587 l56576">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56577 ls1323">Level </span><span class="pp-class-373 pa t56587 l52866">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56578 ls1323">Level </span><span class="pp-class-373 pa t56587 l56579">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56588 l29575">financial </span><span class="pp-class-372 pa t56588 l56580 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l56589 ls18759">175</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l3">Securities, </span><span class="pp-class-372 pa t56590 l3250">financial </span><span class="pp-class-372 pa t56590 l56581 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56591 l29575">financial </span><span class="pp-class-372 pa t56591 l56580">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l53310">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l3 ls813">Net </span><span class="pp-class-373 pa t56592 l43299 ls2220">asset/(liability)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l56585">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l50646">80</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l47088">2</span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t56593 l3 ls4279">Derivative </span><span class="pp-class-382 pa t56593 l56594 ls1073">financial </span><span class="pp-class-382 pa t56593 l56595 ls238">assets </span><span class="pp-class-382 pa t56593 l18559 ls858">and </span><span class="pp-class-382 pa t56593 l10072 ls1118">liabilities </span><span class="pp-class-382 pa t56593 l56596 ls800">are </span><span class="pp-class-382 pa t56593 l47575 ls1099">all </span><span class="pp-class-382 pa t56593 l56597 ls8853">measured </span><span class="pp-class-382 pa t56593 l56598 ls1083">at </span><span class="pp-class-382 pa t56593 l51636 ls646">level </span><span class="pp-class-382 pa t56593 l56599 ls1080">2. </span><span class="pp-class-382 pa t56593 l49802 ls2944">Reference </span><span class="pp-class-382 pa t56593 l56600 ls1080">is </span><span class="pp-class-382 pa t56593 l56601 ls1772">made </span><span class="pp-class-382 pa t56593 l56602 ls1759">to </span><span class="pp-class-382 pa t56593 l56603 ls1859">note </span><span class="pp-class-382 pa t56593 l44351 ls1099">4.1 </span><span class="pp-class-382 pa t56593 l56604 ls99">for </span><span class="pp-class-382 pa t56605 l3 ls4275">description </span><span class="pp-class-382 pa t56605 l747 ls103">of </span><span class="pp-class-382 pa t56605 l5854 ls858">the </span><span class="pp-class-382 pa t56605 l56606 ls828">valuation </span><span class="pp-class-382 pa t56605 l56607 ls238">method.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56608 l3 ls14077">Transfers </span><span class="pp-class-382 pa t56608 l56609 ls1244">between </span><span class="pp-class-382 pa t56608 l56610 ls2531">levels </span><span class="pp-class-382 pa t56608 l56611 ls103">of </span><span class="pp-class-382 pa t56608 l56612 ls858">the </span><span class="pp-class-382 pa t56608 l56613 ls3278">fair </span><span class="pp-class-382 pa t56608 l56614 ls1083">value </span><span class="pp-class-382 pa t56608 l51520 ls2459">hierarchy </span><span class="pp-class-382 pa t56608 l56615 ls800">are </span><span class="pp-class-382 pa t56608 l56616 ls2970">considered </span><span class="pp-class-382 pa t56608 l56617 ls1759">to </span><span class="pp-class-382 pa t56608 l56618 ls185">have </span><span class="pp-class-382 pa t56608 l56619 ls8853">occurred </span><span class="pp-class-382 pa t56608 l47278 ls1083">at </span><span class="pp-class-382 pa t56608 l44191 ls1099">the </span><span class="pp-class-382 pa t56608 l56620 ls852">date </span><span class="pp-class-382 pa t56608 l56621 ls103">of </span><span class="pp-class-382 pa t56608 l56622 ls1099">the </span><span class="pp-class-382 pa t56608 l56623 ls9967">event </span><span class="pp-class-382 pa t56608 l56624 ls278">or </span><span class="pp-class-382 pa t56625 l3 ls2486">change </span><span class="pp-class-382 pa t56625 l55217 ls1080">in </span><span class="pp-class-382 pa t56625 l56626 ls2970">circumstances </span><span class="pp-class-382 pa t56625 l31431 ls6360">that </span><span class="pp-class-382 pa t56625 l32156 ls238">caused </span><span class="pp-class-382 pa t56625 l56627 ls1099">the </span><span class="pp-class-382 pa t56625 l56628 ls4765">transfer. </span><span class="pp-class-382 pa t56625 l56629 ls2784">There </span><span class="pp-class-382 pa t56625 l56630 ls2848">were </span><span class="pp-class-382 pa t56625 l56631 ls1080">no </span><span class="pp-class-382 pa t56625 l56632 ls2784">transfers </span><span class="pp-class-382 pa t56625 l56633 ls1244">between </span><span class="pp-class-382 pa t56625 l56634 ls1099">the </span><span class="pp-class-382 pa t56625 l56635 ls2531">levels </span><span class="pp-class-382 pa t56625 l56636 ls1080">in </span><span class="pp-class-382 pa t56625 l56637 ls1099">the </span><span class="pp-class-382 pa t56625 l56638 ls3278">fair </span><span class="pp-class-382 pa t56625 l56639 ls5039">value </span><span class="pp-class-382 pa t56640 l3 ls2459">hierarchy </span><span class="pp-class-382 pa t56640 l15721 ls1080">in </span><span class="pp-class-382 pa t56640 l56641 ls1150">2024 </span><span class="pp-class-382 pa t56640 l56642 ls2486">(2023: </span><span class="pp-class-382 pa t56640 l56643 ls1080">No </span><span class="pp-class-382 pa t56640 l56644 ls1243">transfers).</span></p></div></div><div id="pp-id-5118" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls1759 wtro3159 wtr1293 tro3160 tr1294">Restated </span><span class="pp-class-376 pa t3433 l56132 ls3572 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-376 pa t3433 l56133 ls931 wtro3159 wtr1293 tro3160 tr1294">changes </span><span class="pp-class-376 pa t3433 l56134 ls128 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-376 pa t3439 l3 ls1733 wtro3159 wtr1293 tro3160 tr1294">accounting </span><span class="pp-class-376 pa t3439 l41418 ls2955 wtro3159 wtr1293 tro3160 tr1294">policy, </span><span class="pp-class-376 pa t3439 l56135 ls53 wtro3159 wtr1293 tro3160 tr1294">refer </span><span class="pp-class-376 pa t3445 l3 ls2835 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-376 pa t3445 l56136 ls3572 wtro3159 wtr1293 tro3160 tr1294">note </span><span class="pp-class-376 pa t3445 l56137 ls182 wtro3159 wtr1293 tro3160 tr1294">1.2.</span></p></div></div><div class="pp-class-10" id="pp-id-5245" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.2 </span><span class="pp-class-370 pa t21055 l43638 ls182">Information </span><span class="pp-class-370 pa t21055 l56439">on </span><span class="pp-class-370 pa t21055 l56440 ls986">financial </span><span class="pp-class-370 pa t21055 l56441 ls105">instruments </span><span class="pp-class-371 pa t21055 l56646 ls155">(continued)</span></p><div id="pp-id-5244"><div class="pp-class-363 pp-class-395" id="pp-id-5243"><div class="w37231 h56647 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2138">Derivative </span><span class="pp-class-383 pa t30083 l56648 ls1126">financial </span><span class="pp-class-383 pa t30083 l47429 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4279">Derivative </span><span class="pp-class-382 pa t30087 l56594 ls1073">financial </span><span class="pp-class-382 pa t30087 l56595 ls806">instruments </span><span class="pp-class-382 pa t30087 l56649 ls800">are </span><span class="pp-class-382 pa t30087 l56650 ls8853">measured </span><span class="pp-class-382 pa t30087 l55437 ls1080">in </span><span class="pp-class-382 pa t30087 l56651 ls1099">the </span><span class="pp-class-382 pa t30087 l56652 ls1237">balance </span><span class="pp-class-382 pa t30087 l56653 ls296">sheet </span><span class="pp-class-382 pa t30087 l56654 ls1083">at </span><span class="pp-class-382 pa t30087 l56655 ls3278">fair </span><span class="pp-class-382 pa t30087 l56656 ls1083">value </span><span class="pp-class-382 pa t30087 l56657 ls1080">as </span><span class="pp-class-382 pa t30087 l54792 ls1243">from </span><span class="pp-class-382 pa t30087 l56658 ls858">the </span><span class="pp-class-382 pa t30087 l56659 ls1859">date </span><span class="pp-class-382 pa t30093 l3 ls2784">where </span><span class="pp-class-382 pa t30093 l3267 ls858">the </span><span class="pp-class-382 pa t30093 l13688 ls4279">derivative </span><span class="pp-class-382 pa t30093 l56660 ls1073">financial </span><span class="pp-class-382 pa t30093 l56661 ls806">instrument </span><span class="pp-class-382 pa t30093 l56662 ls1080">is </span><span class="pp-class-382 pa t30093 l56663 ls3474">concluded. </span><span class="pp-class-382 pa t30093 l56664 ls1099">The </span><span class="pp-class-382 pa t30093 l56665 ls3278">fair </span><span class="pp-class-382 pa t30093 l37923 ls1150">values </span><span class="pp-class-382 pa t30093 l56666 ls103">of </span><span class="pp-class-382 pa t30093 l56667 ls7694">derivatives </span><span class="pp-class-382 pa t30093 l56668 ls1323">financial </span><span class="pp-class-382 pa t30098 l3 ls806">instruments </span><span class="pp-class-382 pa t30098 l45776 ls800">are </span><span class="pp-class-382 pa t30098 l24500 ls852">presented </span><span class="pp-class-382 pa t30098 l3195 ls1080">as </span><span class="pp-class-382 pa t30098 l56669 ls4279">derivative </span><span class="pp-class-382 pa t30098 l56670 ls1073">financial </span><span class="pp-class-382 pa t30098 l56671 ls806">instruments </span><span class="pp-class-382 pa t30098 l56672 ls1759">under </span><span class="pp-class-382 pa t30098 l56673 ls238">assets </span><span class="pp-class-382 pa t30098 l56674 ls1080">if </span><span class="pp-class-382 pa t30098 l56675 ls2088">positive </span><span class="pp-class-382 pa t30098 l56676 ls1080">or </span><span class="pp-class-382 pa t30098 l56677 ls1080">under </span><span class="pp-class-382 pa t30105 l3 ls1118">liabilities </span><span class="pp-class-382 pa t30105 l44406 ls1080">if </span><span class="pp-class-382 pa t30105 l56678 ls1463">negative. </span><span class="pp-class-382 pa t30105 l56679 ls960">Netting </span><span class="pp-class-382 pa t30105 l56680 ls103">of </span><span class="pp-class-382 pa t30105 l56681 ls2088">positive </span><span class="pp-class-382 pa t30105 l56682 ls858">and </span><span class="pp-class-382 pa t30105 l56683 ls2944">negative </span><span class="pp-class-382 pa t30105 l56684 ls4279">derivative </span><span class="pp-class-382 pa t30105 l56685 ls1073">financial </span><span class="pp-class-382 pa t30105 l56686 ls806">instruments </span><span class="pp-class-382 pa t30105 l56687 ls1080">is </span><span class="pp-class-382 pa t30105 l56688 ls4305">only </span><span class="pp-class-382 pa t30110 l3 ls1321">performed </span><span class="pp-class-382 pa t30110 l56689 ls1080">if </span><span class="pp-class-382 pa t30110 l3898 ls858">the </span><span class="pp-class-382 pa t30110 l56690 ls2784">Group </span><span class="pp-class-382 pa t30110 l56691 ls1080">is </span><span class="pp-class-382 pa t30110 l56692 ls830">entitled </span><span class="pp-class-382 pa t30110 l56693 ls1759">to </span><span class="pp-class-382 pa t30110 l56694 ls858">and </span><span class="pp-class-382 pa t30110 l56695 ls858">has </span><span class="pp-class-382 pa t30110 l56696 ls858">the </span><span class="pp-class-382 pa t30110 l56697 ls1321">intention </span><span class="pp-class-382 pa t30110 l56698 ls1759">to </span><span class="pp-class-382 pa t30110 l56699 ls1244">settle </span><span class="pp-class-382 pa t30110 l56700 ls858">the </span><span class="pp-class-382 pa t30110 l56701 ls4279">derivative </span><span class="pp-class-382 pa t30110 l56702 ls1323">financial </span><span class="pp-class-382 pa t37915 l3 ls806">instruments </span><span class="pp-class-382 pa t37915 l45776 ls1080">as </span><span class="pp-class-382 pa t37915 l56703 ls302">a </span><span class="pp-class-382 pa t37915 l56704 ls1323">net. </span><span class="pp-class-382 pa t37915 l50467 ls1772">Fair </span><span class="pp-class-382 pa t37915 l56705 ls1150">values </span><span class="pp-class-382 pa t37915 l56706 ls103">of </span><span class="pp-class-382 pa t37915 l51422 ls4279">derivative </span><span class="pp-class-382 pa t37915 l56707 ls1073">financial </span><span class="pp-class-382 pa t37915 l56708 ls806">instruments </span><span class="pp-class-382 pa t37915 l56709 ls800">are </span><span class="pp-class-382 pa t37915 l49204 ls296">computed </span><span class="pp-class-382 pa t37915 l56710 ls1080">on </span><span class="pp-class-382 pa t37915 l56711 ls1099">the </span><span class="pp-class-382 pa t37915 l56712 ls1759">basis </span><span class="pp-class-382 pa t37915 l56713 ls134">of </span><span class="pp-class-382 pa t37930 l3 ls852">current </span><span class="pp-class-382 pa t37930 l46050 ls3623">market </span><span class="pp-class-382 pa t37930 l34319 ls852">data </span><span class="pp-class-382 pa t37930 l56714 ls1099">and </span><span class="pp-class-382 pa t37930 l56715 ls4396">generally </span><span class="pp-class-382 pa t37930 l11415 ls2142">accepted </span><span class="pp-class-382 pa t37930 l56716 ls828">valuation </span><span class="pp-class-382 pa t37930 l56717 ls3474">methods.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls1237">Fair </span><span class="pp-class-383 pa t49646 l56718 ls2784">value </span><span class="pp-class-383 pa t49646 l56719 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls1237" xmlns="http://www.w3.org/1999/xhtml">Changes </span><span class="pp-class-382 pa t37943 l46658 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37943 l54608 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37943 l53288 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37943 l56720 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37943 l56721 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37943 l56722 ls1073" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t37943 l56723 ls806" xmlns="http://www.w3.org/1999/xhtml">instruments </span><span class="pp-class-382 pa t37943 l56724 ls803" xmlns="http://www.w3.org/1999/xhtml">designated </span><span class="pp-class-382 pa t37943 l49729 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l47066 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37943 l56725 ls1759" xmlns="http://www.w3.org/1999/xhtml">qualifying </span><span class="pp-class-382 pa t37943 l56726 ls3278" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t37943 l56727 ls2142" xmlns="http://www.w3.org/1999/xhtml">recognition </span><span class="pp-class-382 pa t37943 l56728 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l56729 ls12" xmlns="http://www.w3.org/1999/xhtml">a </span><span class="pp-class-382 pa t37948 l3 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37948 l56730 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37948 l30730 ls1759" xmlns="http://www.w3.org/1999/xhtml">hedge </span><span class="pp-class-382 pa t37948 l56731 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37948 l45792 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56732 ls238" xmlns="http://www.w3.org/1999/xhtml">assets </span><span class="pp-class-382 pa t37948 l56733 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37948 l56734 ls1118" xmlns="http://www.w3.org/1999/xhtml">liabilities </span><span class="pp-class-382 pa t37948 l56735 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t37948 l49728 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56736 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37948 l56737 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37948 l56738 ls2486" xmlns="http://www.w3.org/1999/xhtml">income </span><span class="pp-class-382 pa t37948 l56739 ls1150" xmlns="http://www.w3.org/1999/xhtml">statement </span><span class="pp-class-382 pa t37948 l56740 ls819" xmlns="http://www.w3.org/1999/xhtml">together </span><span class="pp-class-382 pa t37961 l3 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t37961 l10466 ls1237" xmlns="http://www.w3.org/1999/xhtml">changes </span><span class="pp-class-382 pa t37961 l30963 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37961 l38976 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56741 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37961 l56742 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37961 l18570 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l4129 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56743 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t37961 l56744 ls1080" xmlns="http://www.w3.org/1999/xhtml">or </span><span class="pp-class-382 pa t37961 l56745 ls1073" xmlns="http://www.w3.org/1999/xhtml">liability </span><span class="pp-class-382 pa t37961 l56746 ls1759" xmlns="http://www.w3.org/1999/xhtml">based </span><span class="pp-class-382 pa t37961 l56747 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t37961 l56748 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56749 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56750 ls3278" xmlns="http://www.w3.org/1999/xhtml">proportion. </span><span class="pp-class-382 pa t37961 l56751 ls1237">Hedging </span><span class="pp-class-382 pa t37961 l56752 ls134">of </span><span class="pp-class-382 pa t37974 l3 ls1083">future </span><span class="pp-class-382 pa t37974 l34026 ls1323">cash </span><span class="pp-class-382 pa t37974 l33487 ls2784">flows </span><span class="pp-class-382 pa t37974 l56753 ls6007">according </span><span class="pp-class-382 pa t37974 l56754 ls1759">to </span><span class="pp-class-382 pa t37974 l56755 ls6007">agreements </span><span class="pp-class-382 pa t37974 l45145 ls1759">(firm </span><span class="pp-class-382 pa t37974 l56756 ls2489">commitments), </span><span class="pp-class-382 pa t37974 l56757 ls3382">except </span><span class="pp-class-382 pa t37974 l56758 ls3278">for </span><span class="pp-class-382 pa t37974 l56759 ls1463">foreign </span><span class="pp-class-382 pa t37974 l56760 ls3377">currency </span><span class="pp-class-382 pa t37974 l56761 ls1099">hedges, </span><span class="pp-class-382 pa t49077 l3 ls1080">is </span><span class="pp-class-382 pa t49077 l46558 ls3458">treated </span><span class="pp-class-382 pa t49077 l56762 ls1080">as </span><span class="pp-class-382 pa t49077 l56763 ls302">a </span><span class="pp-class-382 pa t49077 l56764 ls3278">fair </span><span class="pp-class-382 pa t49077 l56765 ls1083">value </span><span class="pp-class-382 pa t49077 l56766 ls1759">hedge </span><span class="pp-class-382 pa t49077 l16536 ls103">of </span><span class="pp-class-382 pa t49077 l56767 ls302">a </span><span class="pp-class-382 pa t49077 l56768 ls2970">recognised </span><span class="pp-class-382 pa t49077 l56769 ls296">asset </span><span class="pp-class-382 pa t49077 l36990 ls1099">and </span><span class="pp-class-382 pa t49077 l56770 ls185">liability.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls1323">Cash </span><span class="pp-class-383 pa t37977 l45507 ls2944">flow </span><span class="pp-class-383 pa t37977 l56771 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls103">Changes </span><span class="pp-class-382 pa t36901 l56772 ls2482">in </span><span class="pp-class-382 pa t36901 l56773 ls1955">the </span><span class="pp-class-382 pa t36901 l250 ls276">fair </span><span class="pp-class-382 pa t36901 l56774 ls5039">value </span><span class="pp-class-382 pa t36901 l56775 ls2835">of </span><span class="pp-class-382 pa t36901 l18339 ls3572">financial </span><span class="pp-class-382 pa t36901 l56776 ls56">instruments </span><span class="pp-class-382 pa t36901 l56777 ls1319">designated </span><span class="pp-class-382 pa t36901 l56778 ls2482">as </span><span class="pp-class-382 pa t36901 l46236 ls1955">and </span><span class="pp-class-382 pa t36901 l56779 ls85">qualifying </span><span class="pp-class-382 pa t36901 l56780 ls1237">for </span><span class="pp-class-382 pa t36901 l56781 ls1344">cash </span><span class="pp-class-382 pa t36901 l56782 ls1772">flow </span><span class="pp-class-382 pa t36901 l56783 ls1955">hedging </span><span class="pp-class-382 pa t36903 l3 ls1955">and </span><span class="pp-class-382 pa t36903 l56784 ls1080">which </span><span class="pp-class-382 pa t36903 l10920 ls2760">effectively </span><span class="pp-class-382 pa t36903 l56785 ls1080">hedge </span><span class="pp-class-382 pa t36903 l56786 ls103">changes </span><span class="pp-class-382 pa t36903 l17115 ls2482">in </span><span class="pp-class-382 pa t36903 l56787 ls2113">future </span><span class="pp-class-382 pa t36903 l56788 ls1344">cash </span><span class="pp-class-382 pa t36903 l56789 ls2113">flows, </span><span class="pp-class-382 pa t36903 l56790 ls1974">are </span><span class="pp-class-382 pa t36903 l56791 ls3474">recognised </span><span class="pp-class-382 pa t36903 l56792 ls2482">in </span><span class="pp-class-382 pa t36903 l56793 ls58">other </span><span class="pp-class-382 pa t36903 l56794 ls1772">comprehensive </span><span class="pp-class-382 pa t36916 l3 ls869">income. </span><span class="pp-class-382 pa t36916 l31834 ls1955">The </span><span class="pp-class-382 pa t36916 l56795 ls3566">change </span><span class="pp-class-382 pa t36916 l16336 ls2482">in </span><span class="pp-class-382 pa t36916 l56796 ls276">fair </span><span class="pp-class-382 pa t36916 l53013 ls5039">value </span><span class="pp-class-382 pa t36916 l56797 ls4275">that </span><span class="pp-class-382 pa t36916 l53348 ls4305">relates </span><span class="pp-class-382 pa t36916 l56798 ls103">to </span><span class="pp-class-382 pa t36916 l56799 ls1955">the </span><span class="pp-class-382 pa t36916 l56800 ls2088">effective </span><span class="pp-class-382 pa t36916 l45826 ls658">portion </span><span class="pp-class-382 pa t36916 l56801 ls2835">of </span><span class="pp-class-382 pa t36916 l56802 ls1955">the </span><span class="pp-class-382 pa t36916 l54629 ls1344">cash </span><span class="pp-class-382 pa t36916 l56803 ls1772">flow </span><span class="pp-class-382 pa t36916 l56804 ls1080">hedge </span><span class="pp-class-382 pa t36916 l56805 ls254">is </span><span class="pp-class-382 pa t36920 l3 ls3474">recognised </span><span class="pp-class-382 pa t36920 l56806 ls2482">as </span><span class="pp-class-382 pa t36920 l16615 ls16">a </span><span class="pp-class-382 pa t36920 l56690 ls1974">separate </span><span class="pp-class-382 pa t36920 l56807 ls3566">equity </span><span class="pp-class-382 pa t36920 l56808 ls728">reserve </span><span class="pp-class-382 pa t36920 l56809 ls1110">until </span><span class="pp-class-382 pa t36920 l56810 ls1955">the </span><span class="pp-class-382 pa t36920 l56811 ls3566">hedged </span><span class="pp-class-382 pa t36920 l51591 ls1344">cash </span><span class="pp-class-382 pa t36920 l56812 ls1772">flow </span><span class="pp-class-382 pa t36920 l56813 ls1118">impacts </span><span class="pp-class-382 pa t36920 l56814 ls1955">the </span><span class="pp-class-382 pa t36920 l56815 ls3566">income </span><span class="pp-class-382 pa t36920 l56816 ls276">statement. </span><span class="pp-class-382 pa t36928 l3 ls2769">At </span><span class="pp-class-382 pa t36928 l56817 ls1344">this </span><span class="pp-class-382 pa t36928 l56818 ls1110">point </span><span class="pp-class-382 pa t36928 l17453 ls2482">in </span><span class="pp-class-382 pa t36928 l44018 ls1344">time </span><span class="pp-class-382 pa t36928 l50753 ls1955">the </span><span class="pp-class-382 pa t36928 l56819 ls4305">related </span><span class="pp-class-382 pa t36928 l56820 ls1080">gains </span><span class="pp-class-382 pa t36928 l56821 ls2482">or </span><span class="pp-class-382 pa t36928 l56822 ls3566">losses </span><span class="pp-class-382 pa t36928 l56823 ls7096">previously </span><span class="pp-class-382 pa t36928 l56824 ls3474">recognised </span><span class="pp-class-382 pa t36928 l56825 ls2482">in </span><span class="pp-class-382 pa t36928 l56826 ls58">other </span><span class="pp-class-382 pa t36928 l56827 ls2113">comprehensive </span><span class="pp-class-382 pa t36928 l56828 ls2835">income </span><span class="pp-class-382 pa t38016 l3 ls1974">are </span><span class="pp-class-382 pa t38016 l56829 ls6007">transferred </span><span class="pp-class-382 pa t38016 l56830 ls103">to </span><span class="pp-class-382 pa t38016 l32572 ls1955">the </span><span class="pp-class-382 pa t38016 l52521 ls3566">income </span><span class="pp-class-382 pa t38016 l56831 ls3278">statement </span><span class="pp-class-382 pa t38016 l56832 ls1323">into </span><span class="pp-class-382 pa t38016 l56833 ls1955">the </span><span class="pp-class-382 pa t38016 l13649 ls1344">same </span><span class="pp-class-382 pa t38016 l56834 ls1344">line </span><span class="pp-class-382 pa t38016 l56835 ls1123">item </span><span class="pp-class-382 pa t38016 l56836 ls2482">as </span><span class="pp-class-382 pa t38016 l56837 ls1955">the </span><span class="pp-class-382 pa t38016 l56838 ls3566">hedged </span><span class="pp-class-382 pa t38016 l56839 ls1123">item </span><span class="pp-class-382 pa t38016 l56840 ls2482">is </span><span class="pp-class-382 pa t38016 l56841 ls1305">recognised. </span><span class="pp-class-382 pa t49235 l3 ls14073">However, </span><span class="pp-class-382 pa t49235 l56842 ls1344">when </span><span class="pp-class-382 pa t49235 l56843 ls1955">the </span><span class="pp-class-382 pa t49235 l30618 ls3105">forecast </span><span class="pp-class-382 pa t49235 l51090 ls2088">transaction </span><span class="pp-class-382 pa t49235 l56844 ls4275">that </span><span class="pp-class-382 pa t49235 l36927 ls2482">is </span><span class="pp-class-382 pa t49235 l56845 ls3566">hedged </span><span class="pp-class-382 pa t49235 l56846 ls8853">results </span><span class="pp-class-382 pa t49235 l56847 ls2482">in </span><span class="pp-class-382 pa t49235 l56848 ls1955">the </span><span class="pp-class-382 pa t49235 l56849 ls296">recognition </span><span class="pp-class-382 pa t49235 l56850 ls2835">of </span><span class="pp-class-382 pa t49235 l53021 ls16">a </span><span class="pp-class-382 pa t49235 l56851 ls1065">non-financial </span><span class="pp-class-382 pa t38021 l3 ls3566">asset, </span><span class="pp-class-382 pa t38021 l38025 ls1955">the </span><span class="pp-class-382 pa t38021 l56852 ls1080">gains </span><span class="pp-class-382 pa t38021 l56853 ls2482">or </span><span class="pp-class-382 pa t38021 l56854 ls3566">losses </span><span class="pp-class-382 pa t38021 l14180 ls7096">previously </span><span class="pp-class-382 pa t38021 l56855 ls3474">recognised </span><span class="pp-class-382 pa t38021 l56856 ls2482">in </span><span class="pp-class-382 pa t38021 l56857 ls58">other </span><span class="pp-class-382 pa t38021 l56858 ls2113">comprehensive </span><span class="pp-class-382 pa t38021 l56859 ls3566">income </span><span class="pp-class-382 pa t38021 l56860 ls1974">are </span><span class="pp-class-382 pa t38021 l25310 ls6007">transferred </span><span class="pp-class-382 pa t38021 l56861 ls1772">from </span><span class="pp-class-382 pa t38024 l3 ls3566">equity </span><span class="pp-class-382 pa t38024 l45246 ls1955">and </span><span class="pp-class-382 pa t38024 l53339 ls99">included </span><span class="pp-class-382 pa t38024 l56862 ls2482">in </span><span class="pp-class-382 pa t38024 l16248 ls1955">the </span><span class="pp-class-382 pa t38024 l56863 ls103">initial </span><span class="pp-class-382 pa t38024 l56864 ls4275">measurement </span><span class="pp-class-382 pa t38024 l56865 ls2835">of </span><span class="pp-class-382 pa t38024 l56866 ls1955">the </span><span class="pp-class-382 pa t38024 l56867 ls1344">cost </span><span class="pp-class-382 pa t38024 l56868 ls2835">of </span><span class="pp-class-382 pa t38024 l56869 ls1955">the </span><span class="pp-class-382 pa t38024 l56870 ls3566">non-financial </span><span class="pp-class-382 pa t38024 l56871 ls3566">asset. </span><span class="pp-class-382 pa t38024 l56872 ls1077">For </span><span class="pp-class-382 pa t38024 l56873 ls6360">derivative </span><span class="pp-class-382 pa t38039 l3 ls3572">financial </span><span class="pp-class-382 pa t38039 l56874 ls56">instruments </span><span class="pp-class-382 pa t38039 l56875 ls4275">that </span><span class="pp-class-382 pa t38039 l56876 ls2482">no </span><span class="pp-class-382 pa t38039 l56877 ls3566">longer </span><span class="pp-class-382 pa t38039 l56878 ls214">qualify </span><span class="pp-class-382 pa t38039 l35069 ls1237">for </span><span class="pp-class-382 pa t38039 l56879 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56880 ls187">accounting, </span><span class="pp-class-382 pa t38039 l55935 ls1955">the </span><span class="pp-class-382 pa t38039 l56881 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56882 ls2482">is </span><span class="pp-class-382 pa t38039 l56883 ls2854">dissolved </span><span class="pp-class-382 pa t49735 l3 ls10900">prospectively. </span><span class="pp-class-382 pa t49735 l56884 ls1955">The </span><span class="pp-class-382 pa t49735 l56885 ls1772">accumulated </span><span class="pp-class-382 pa t49735 l56886 ls276">fair </span><span class="pp-class-382 pa t49735 l56887 ls5039">value </span><span class="pp-class-382 pa t49735 l56888 ls2482">in </span><span class="pp-class-382 pa t49735 l56889 ls3566">equity </span><span class="pp-class-382 pa t49735 l56890 ls2482">is </span><span class="pp-class-382 pa t49735 l56891 ls2127">immediately </span><span class="pp-class-382 pa t49735 l56892 ls6007">transferred </span><span class="pp-class-382 pa t49735 l56893 ls103">to </span><span class="pp-class-382 pa t49735 l56894 ls1955">the </span><span class="pp-class-382 pa t49735 l56895 ls2835">income </span><span class="pp-class-382 pa t49748 l3 ls3278">statement </span><span class="pp-class-382 pa t49748 l56896 ls1323">into </span><span class="pp-class-382 pa t49748 l56897 ls1955">the </span><span class="pp-class-382 pa t49748 l56898 ls1344">same </span><span class="pp-class-382 pa t49748 l32537 ls1344">line </span><span class="pp-class-382 pa t49748 l56899 ls1123">item </span><span class="pp-class-382 pa t49748 l56900 ls2482">as </span><span class="pp-class-382 pa t49748 l56901 ls1955">the </span><span class="pp-class-382 pa t49748 l56902 ls3566">hedged </span><span class="pp-class-382 pa t49748 l56903 ls1123">item </span><span class="pp-class-382 pa t49748 l47460 ls2482">is </span><span class="pp-class-382 pa t49748 l56904 ls3474">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t51196 l3 ls1759">Other </span><span class="pp-class-383 pa t51196 l49181 ls1126">financial </span><span class="pp-class-383 pa t51196 l56905 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1772">For </span><span class="pp-class-382 pa t49777 l44017 ls1073">financial </span><span class="pp-class-382 pa t49777 l56906 ls806">instruments </span><span class="pp-class-382 pa t49777 l56907 ls6360">that </span><span class="pp-class-382 pa t49777 l56908 ls1080">do </span><span class="pp-class-382 pa t49777 l56909 ls830">not </span><span class="pp-class-382 pa t49777 l56910 ls2842">fulfil </span><span class="pp-class-382 pa t49777 l56911 ls858">the </span><span class="pp-class-382 pa t49777 l56912 ls2688">requirements </span><span class="pp-class-382 pa t49777 l56913 ls103">of </span><span class="pp-class-382 pa t49777 l56914 ls1759">being </span><span class="pp-class-382 pa t49777 l56915 ls3458">treated </span><span class="pp-class-382 pa t49777 l56916 ls1080">as </span><span class="pp-class-382 pa t49777 l56917 ls1759">hedge </span><span class="pp-class-382 pa t49777 l56918 ls1941">instruments, </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1237">changes </span><span class="pp-class-382 pa t49792 l56919 ls1080">in </span><span class="pp-class-382 pa t49792 l29583 ls3278">fair </span><span class="pp-class-382 pa t49792 l56920 ls1083">value </span><span class="pp-class-382 pa t49792 l56921 ls800">are </span><span class="pp-class-382 pa t49792 l56922 ls2970">recognised </span><span class="pp-class-382 pa t49792 l56923 ls1080">in </span><span class="pp-class-382 pa t49792 l34249 ls858">the </span><span class="pp-class-382 pa t49792 l2583 ls2486">Income </span><span class="pp-class-382 pa t49792 l56924 ls1150">statement </span><span class="pp-class-382 pa t49792 l56925 ls1080">as </span><span class="pp-class-382 pa t49792 l56926 ls1073">financial </span><span class="pp-class-382 pa t49792 l56927 ls2486">income </span><span class="pp-class-382 pa t49792 l56928 ls858">and </span><span class="pp-class-382 pa t49792 l56929 ls1733">cost.</span></p></div></div></div></div></div> <div id="pp-id-5241" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h56438 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.2 </span><span class="pp-class-370 pa t21055 l43638 ls182">Information </span><span class="pp-class-370 pa t21055 l56439">on </span><span class="pp-class-370 pa t21055 l56440 ls986">financial </span><span class="pp-class-370 pa t21055 l56441 ls907">instruments</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3 ls2548">Carrying </span><span class="pp-class-373 pa t42308 l42889 ls907">amount </span><span class="pp-class-373 pa t42308 l48787">per </span><span class="pp-class-373 pa t42308 l56443 ls704">category </span><span class="pp-class-373 pa t42308 l4251">of </span><span class="pp-class-373 pa t42308 l6640 ls2548">financial </span><span class="pp-class-373 pa t42308 l40483 ls287">instruments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3">Financial </span><span class="pp-class-372 pa t43125 l2916 ls175">assets </span><span class="pp-class-372 pa t43125 l55733 ls1259">measured </span><span class="pp-class-372 pa t43125 l56444 ls2835">at </span><span class="pp-class-372 pa t43125 l56445 ls1005">fair </span><span class="pp-class-372 pa t43125 l56446 ls16">value:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t22670 l29575 ls1955">related </span><span class="pp-class-372 pa t22670 l56447 ls166">to </span><span class="pp-class-372 pa t22670 l29851 ls110">operating </span><span class="pp-class-372 pa t22670 l10869 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l55925">88</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l48650">56</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t43136 l29575 ls1955">related </span><span class="pp-class-372 pa t43136 l56447 ls166">to </span><span class="pp-class-372 pa t43136 l29851 ls225">interest-bearing </span><span class="pp-class-372 pa t43136 l51633 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l53989 ls3688">77</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l56448">119</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l3">Financial </span><span class="pp-class-372 pa t43142 l2916 ls175">assets </span><span class="pp-class-372 pa t43142 l55733 ls1259">measured </span><span class="pp-class-372 pa t43142 l56444 ls2835">at </span><span class="pp-class-372 pa t43142 l56445 ls2554">amortised </span><span class="pp-class-372 pa t43142 l56449">cost:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l3 ls14077">Trade </span><span class="pp-class-372 pa t19778 l42817 ls81">receivables, </span><span class="pp-class-372 pa t19778 l56450 ls134">receivables </span><span class="pp-class-372 pa t19778 l56451 ls931">from </span><span class="pp-class-372 pa t19778 l40556 ls128">associates </span><span class="pp-class-372 pa t19778 l56452">and </span><span class="pp-class-372 pa t19778 l56453 ls907">joint </span><span class="pp-class-372 pa t19778 l56454 ls203">ventures, </span><span class="pp-class-372 pa t19782 l3 ls72">other </span><span class="pp-class-372 pa t19782 l56455 ls134">receivables </span><span class="pp-class-372 pa t19782 l17037">and </span><span class="pp-class-372 pa t19782 l16709">cash</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19782 l56456 ls3241">6,084</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19782 l56457 ls3241">5,039</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56458 l3">Financial </span><span class="pp-class-372 pa t56458 l2916 ls175">assets </span><span class="pp-class-372 pa t56458 l55733 ls1259">measured </span><span class="pp-class-372 pa t56458 l56444 ls2835">at </span><span class="pp-class-372 pa t56458 l56445 ls1005">fair </span><span class="pp-class-372 pa t56458 l56446 ls16">value </span><span class="pp-class-372 pa t56458 l56459 ls671">through </span><span class="pp-class-372 pa t56458 l56460 ls225">profit </span><span class="pp-class-372 pa t56458 l56461">or </span><span class="pp-class-372 pa t56458 l56462">loss:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l3">Securities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l3 ls2459">Total </span><span class="pp-class-373 pa t56464 l29712 ls2548">financial </span><span class="pp-class-373 pa t56464 l55861 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l50427 ls658">6,251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l56465 ls1733">5,215</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56466 l3">Financial </span><span class="pp-class-372 pa t56466 l2916">liabilities </span><span class="pp-class-372 pa t56466 l56467 ls1259">measured </span><span class="pp-class-372 pa t56466 l56468 ls2835">at </span><span class="pp-class-372 pa t56466 l56469 ls1005">fair </span><span class="pp-class-372 pa t56466 l56470 ls16">value:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56471 l29575 ls1955">related </span><span class="pp-class-372 pa t56471 l56447 ls166">to </span><span class="pp-class-372 pa t56471 l29851 ls110">operating </span><span class="pp-class-372 pa t56471 l10869 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l54027">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l56472 ls124">18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56473 l29575 ls1955">related </span><span class="pp-class-372 pa t56473 l56447 ls166">to </span><span class="pp-class-372 pa t56473 l29851 ls225">interest-bearing </span><span class="pp-class-372 pa t56473 l51633 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l50204">139</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l56474 ls3688">77</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56475 l3">Financial </span><span class="pp-class-372 pa t56475 l2916">liabilities </span><span class="pp-class-372 pa t56475 l56467 ls1259">measured </span><span class="pp-class-372 pa t56475 l56468 ls2835">at </span><span class="pp-class-372 pa t56475 l56469 ls2554">amortised </span><span class="pp-class-372 pa t56475 l56476">cost:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56477 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t56477 l42787">liabilities, </span><span class="pp-class-372 pa t56477 l56478 ls1955">trade </span><span class="pp-class-372 pa t56477 l56479 ls168">payables, </span><span class="pp-class-372 pa t56477 l56480 ls110">payables </span><span class="pp-class-372 pa t56477 l35340 ls166">to </span><span class="pp-class-372 pa t56477 l56481 ls128">associates </span><span class="pp-class-372 pa t56482 l3">and </span><span class="pp-class-372 pa t56482 l4247 ls907">joint </span><span class="pp-class-372 pa t56482 l56483 ls203">ventures, </span><span class="pp-class-372 pa t56482 l56484">and </span><span class="pp-class-372 pa t56482 l56485 ls72">other </span><span class="pp-class-372 pa t56482 l56486 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56482 l56487 ls2760">23,013</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56482 l56488 ls4487">18,974</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l3 ls2459">Total </span><span class="pp-class-373 pa t56489 l29712 ls2548">financial </span><span class="pp-class-373 pa t56489 l55861">liabilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l56490 ls225">23,156</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l56491 ls646">19,069</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t56492 l3 ls1243">Hierarchy </span><span class="pp-class-383 pa t56492 l56493 ls1080">of </span><span class="pp-class-383 pa t56492 l56494 ls1126">financial </span><span class="pp-class-383 pa t56492 l56495 ls806">instruments </span><span class="pp-class-383 pa t56492 l56496 ls53">measured </span><span class="pp-class-383 pa t56492 l56497 ls3435">at </span><span class="pp-class-383 pa t56492 l56498 ls1237">fair </span><span class="pp-class-383 pa t56492 l55458 ls1243">value</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56499 l3 ls858">The </span><span class="pp-class-382 pa t56499 l16631 ls1118">table </span><span class="pp-class-382 pa t56499 l56500 ls2142">below </span><span class="pp-class-382 pa t56499 l56501 ls2851">ranks </span><span class="pp-class-382 pa t56499 l56502 ls1073">financial </span><span class="pp-class-382 pa t56499 l56503 ls806">instruments </span><span class="pp-class-382 pa t56499 l17188 ls1237">carried </span><span class="pp-class-382 pa t56499 l56504 ls1083">at </span><span class="pp-class-382 pa t56499 l56505 ls3278">fair </span><span class="pp-class-382 pa t56499 l20840 ls1083">value </span><span class="pp-class-382 pa t56499 l56506 ls2784">by </span><span class="pp-class-382 pa t56499 l56507 ls828">valuation </span><span class="pp-class-382 pa t56499 l56508 ls3474">method. </span><span class="pp-class-382 pa t56499 l56509 ls1099">The </span><span class="pp-class-382 pa t56499 l56510 ls4305">different </span><span class="pp-class-382 pa t56499 l56511 ls2531">levels </span><span class="pp-class-382 pa t56499 l56512 ls3377">have </span><span class="pp-class-382 pa t56513 l3 ls1323">been </span><span class="pp-class-382 pa t56513 l43769 ls1305">defined </span><span class="pp-class-382 pa t56513 l56514 ls1080">as </span><span class="pp-class-382 pa t56513 l13284 ls1463">follows:</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56515 l1007 ls646">Level </span><span class="pp-class-382 pa t56515 l56516 ls1080">1: </span><span class="pp-class-382 pa t56515 l56517 ls53">Quoted </span><span class="pp-class-382 pa t56515 l56518 ls2486">prices </span><span class="pp-class-382 pa t56515 l56519 ls1080">in </span><span class="pp-class-382 pa t56515 l1848 ls1080">an </span><span class="pp-class-382 pa t56515 l56520 ls2149">active </span><span class="pp-class-382 pa t56515 l56521 ls3623">market </span><span class="pp-class-382 pa t56515 l56522 ls3278">for </span><span class="pp-class-382 pa t56515 l56523 ls1319">identical </span><span class="pp-class-382 pa t56515 l56524 ls1323">type </span><span class="pp-class-382 pa t56515 l56525 ls103">of </span><span class="pp-class-382 pa t56515 l56526 ls1305">instrument, </span><span class="pp-class-382 pa t56515 l56527 ls960">i.e. </span><span class="pp-class-382 pa t56515 l56528 ls1237">without </span><span class="pp-class-382 pa t56515 l56529 ls2486">change </span><span class="pp-class-382 pa t56515 l56530 ls1080">in </span><span class="pp-class-382 pa t56515 l56531 ls3278">form </span><span class="pp-class-382 pa t56515 l56532 ls1080">or </span><span class="pp-class-382 pa t56515 l25154 ls1099">con-</span><span class="pp-class-382 pa t56533 l1007 ls3474">tent </span><span class="pp-class-382 pa t56533 l56534 ls2842">(modification </span><span class="pp-class-382 pa t56533 l43591 ls1080">or </span><span class="pp-class-382 pa t56533 l56535 ls864">repackaging).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56536 l1007 ls646">Level </span><span class="pp-class-382 pa t56536 l56516 ls1080">2: </span><span class="pp-class-382 pa t56536 l56537 ls53">Quoted </span><span class="pp-class-382 pa t56536 l56538 ls2486">prices </span><span class="pp-class-382 pa t56536 l56539 ls1080">in </span><span class="pp-class-382 pa t56536 l56540 ls1080">an </span><span class="pp-class-382 pa t56536 l10624 ls2149">active </span><span class="pp-class-382 pa t56536 l56541 ls3623">market </span><span class="pp-class-382 pa t56536 l56542 ls3278">for </span><span class="pp-class-382 pa t56536 l56543 ls1237">similar </span><span class="pp-class-382 pa t56536 l56544 ls238">assets </span><span class="pp-class-382 pa t56536 l56545 ls1080">or </span><span class="pp-class-382 pa t56536 l56546 ls1118">liabilities </span><span class="pp-class-382 pa t56536 l56547 ls1080">or </span><span class="pp-class-382 pa t56536 l56548 ls296">other </span><span class="pp-class-382 pa t56536 l56549 ls828">valuation </span><span class="pp-class-382 pa t56536 l56550 ls3474">methods </span><span class="pp-class-382 pa t56536 l56551 ls728">where </span><span class="pp-class-382 pa t56552 l1007 ls1099">all </span><span class="pp-class-382 pa t56552 l56553 ls2142">material </span><span class="pp-class-382 pa t56552 l56554 ls1759">input </span><span class="pp-class-382 pa t56552 l56555 ls1080">is </span><span class="pp-class-382 pa t56552 l56556 ls1759">based </span><span class="pp-class-382 pa t56552 l56557 ls1080">on </span><span class="pp-class-382 pa t56552 l56558 ls3474">observable </span><span class="pp-class-382 pa t56552 l56559 ls3623">market </span><span class="pp-class-382 pa t56552 l56560 ls1237">data.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56561 l1592 ls646">Level </span><span class="pp-class-382 pa t56561 l10896 ls1080">3: </span><span class="pp-class-382 pa t56561 l56562 ls7858">Valuation </span><span class="pp-class-382 pa t56561 l19272 ls3474">methods </span><span class="pp-class-382 pa t56561 l56563 ls2784">where </span><span class="pp-class-382 pa t56561 l56564 ls2694">possible </span><span class="pp-class-382 pa t56561 l56565 ls2142">material </span><span class="pp-class-382 pa t56561 l56566 ls1759">input </span><span class="pp-class-382 pa t56561 l56567 ls1080">is </span><span class="pp-class-382 pa t56561 l56568 ls830">not </span><span class="pp-class-382 pa t56561 l56569 ls1759">based </span><span class="pp-class-382 pa t56561 l56570 ls1080">on </span><span class="pp-class-382 pa t56561 l56571 ls3474">observable </span><span class="pp-class-382 pa t56561 l56572 ls3623">market </span><span class="pp-class-382 pa t56561 l56573 ls1237">data.</span></p></div></div><div id="pp-id-5242" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span><span class="pp-class-372 pa t328 l56574"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56575 ls1323">Level </span><span class="pp-class-373 pa t43218 l56576">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56577 ls1323">Level </span><span class="pp-class-373 pa t43218 l52866">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56578 ls1323">Level </span><span class="pp-class-373 pa t43218 l56579">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t43223 l29575">financial </span><span class="pp-class-372 pa t43223 l56580 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l54346 ls278">165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l3">Securities, </span><span class="pp-class-372 pa t3097 l3250">financial </span><span class="pp-class-372 pa t3097 l56581 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56582 l29575">financial </span><span class="pp-class-372 pa t56582 l56580">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l56583 ls2835">143</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l3 ls813">Net </span><span class="pp-class-373 pa t56584 l43299 ls2220">asset/(liability)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l56585">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l55925">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l47088">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l46689">2023 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56575 ls1323">Level </span><span class="pp-class-373 pa t56587 l56576">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56577 ls1323">Level </span><span class="pp-class-373 pa t56587 l52866">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56578 ls1323">Level </span><span class="pp-class-373 pa t56587 l56579">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56588 l29575">financial </span><span class="pp-class-372 pa t56588 l56580 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l56589 ls18759">175</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l3">Securities, </span><span class="pp-class-372 pa t56590 l3250">financial </span><span class="pp-class-372 pa t56590 l56581 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56591 l29575">financial </span><span class="pp-class-372 pa t56591 l56580">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l53310">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l3 ls813">Net </span><span class="pp-class-373 pa t56592 l43299 ls2220">asset/(liability)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l56585">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l50646">80</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l47088">2</span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t56593 l3 ls4279">Derivative </span><span class="pp-class-382 pa t56593 l56594 ls1073">financial </span><span class="pp-class-382 pa t56593 l56595 ls238">assets </span><span class="pp-class-382 pa t56593 l18559 ls858">and </span><span class="pp-class-382 pa t56593 l10072 ls1118">liabilities </span><span class="pp-class-382 pa t56593 l56596 ls800">are </span><span class="pp-class-382 pa t56593 l47575 ls1099">all </span><span class="pp-class-382 pa t56593 l56597 ls8853">measured </span><span class="pp-class-382 pa t56593 l56598 ls1083">at </span><span class="pp-class-382 pa t56593 l51636 ls646">level </span><span class="pp-class-382 pa t56593 l56599 ls1080">2. </span><span class="pp-class-382 pa t56593 l49802 ls2944">Reference </span><span class="pp-class-382 pa t56593 l56600 ls1080">is </span><span class="pp-class-382 pa t56593 l56601 ls1772">made </span><span class="pp-class-382 pa t56593 l56602 ls1759">to </span><span class="pp-class-382 pa t56593 l56603 ls1859">note </span><span class="pp-class-382 pa t56593 l44351 ls1099">4.1 </span><span class="pp-class-382 pa t56593 l56604 ls99">for </span><span class="pp-class-382 pa t56605 l3 ls4275">description </span><span class="pp-class-382 pa t56605 l747 ls103">of </span><span class="pp-class-382 pa t56605 l5854 ls858">the </span><span class="pp-class-382 pa t56605 l56606 ls828">valuation </span><span class="pp-class-382 pa t56605 l56607 ls238">method.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56608 l3 ls14077">Transfers </span><span class="pp-class-382 pa t56608 l56609 ls1244">between </span><span class="pp-class-382 pa t56608 l56610 ls2531">levels </span><span class="pp-class-382 pa t56608 l56611 ls103">of </span><span class="pp-class-382 pa t56608 l56612 ls858">the </span><span class="pp-class-382 pa t56608 l56613 ls3278">fair </span><span class="pp-class-382 pa t56608 l56614 ls1083">value </span><span class="pp-class-382 pa t56608 l51520 ls2459">hierarchy </span><span class="pp-class-382 pa t56608 l56615 ls800">are </span><span class="pp-class-382 pa t56608 l56616 ls2970">considered </span><span class="pp-class-382 pa t56608 l56617 ls1759">to </span><span class="pp-class-382 pa t56608 l56618 ls185">have </span><span class="pp-class-382 pa t56608 l56619 ls8853">occurred </span><span class="pp-class-382 pa t56608 l47278 ls1083">at </span><span class="pp-class-382 pa t56608 l44191 ls1099">the </span><span class="pp-class-382 pa t56608 l56620 ls852">date </span><span class="pp-class-382 pa t56608 l56621 ls103">of </span><span class="pp-class-382 pa t56608 l56622 ls1099">the </span><span class="pp-class-382 pa t56608 l56623 ls9967">event </span><span class="pp-class-382 pa t56608 l56624 ls278">or </span><span class="pp-class-382 pa t56625 l3 ls2486">change </span><span class="pp-class-382 pa t56625 l55217 ls1080">in </span><span class="pp-class-382 pa t56625 l56626 ls2970">circumstances </span><span class="pp-class-382 pa t56625 l31431 ls6360">that </span><span class="pp-class-382 pa t56625 l32156 ls238">caused </span><span class="pp-class-382 pa t56625 l56627 ls1099">the </span><span class="pp-class-382 pa t56625 l56628 ls4765">transfer. </span><span class="pp-class-382 pa t56625 l56629 ls2784">There </span><span class="pp-class-382 pa t56625 l56630 ls2848">were </span><span class="pp-class-382 pa t56625 l56631 ls1080">no </span><span class="pp-class-382 pa t56625 l56632 ls2784">transfers </span><span class="pp-class-382 pa t56625 l56633 ls1244">between </span><span class="pp-class-382 pa t56625 l56634 ls1099">the </span><span class="pp-class-382 pa t56625 l56635 ls2531">levels </span><span class="pp-class-382 pa t56625 l56636 ls1080">in </span><span class="pp-class-382 pa t56625 l56637 ls1099">the </span><span class="pp-class-382 pa t56625 l56638 ls3278">fair </span><span class="pp-class-382 pa t56625 l56639 ls5039">value </span><span class="pp-class-382 pa t56640 l3 ls2459">hierarchy </span><span class="pp-class-382 pa t56640 l15721 ls1080">in </span><span class="pp-class-382 pa t56640 l56641 ls1150">2024 </span><span class="pp-class-382 pa t56640 l56642 ls2486">(2023: </span><span class="pp-class-382 pa t56640 l56643 ls1080">No </span><span class="pp-class-382 pa t56640 l56644 ls1243">transfers).</span></p></div></div><div id="pp-id-5118" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls1759 wtro3159 wtr1293 tro3160 tr1294">Restated </span><span class="pp-class-376 pa t3433 l56132 ls3572 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-376 pa t3433 l56133 ls931 wtro3159 wtr1293 tro3160 tr1294">changes </span><span class="pp-class-376 pa t3433 l56134 ls128 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-376 pa t3439 l3 ls1733 wtro3159 wtr1293 tro3160 tr1294">accounting </span><span class="pp-class-376 pa t3439 l41418 ls2955 wtro3159 wtr1293 tro3160 tr1294">policy, </span><span class="pp-class-376 pa t3439 l56135 ls53 wtro3159 wtr1293 tro3160 tr1294">refer </span><span class="pp-class-376 pa t3445 l3 ls2835 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-376 pa t3445 l56136 ls3572 wtro3159 wtr1293 tro3160 tr1294">note </span><span class="pp-class-376 pa t3445 l56137 ls182 wtro3159 wtr1293 tro3160 tr1294">1.2.</span></p></div></div><div class="pp-class-10" id="pp-id-5245" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.2 </span><span class="pp-class-370 pa t21055 l43638 ls182">Information </span><span class="pp-class-370 pa t21055 l56439">on </span><span class="pp-class-370 pa t21055 l56440 ls986">financial </span><span class="pp-class-370 pa t21055 l56441 ls105">instruments </span><span class="pp-class-371 pa t21055 l56646 ls155">(continued)</span></p><div id="pp-id-5244"><div class="pp-class-363 pp-class-395" id="pp-id-5243"><div class="w37231 h56647 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2138">Derivative </span><span class="pp-class-383 pa t30083 l56648 ls1126">financial </span><span class="pp-class-383 pa t30083 l47429 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4279">Derivative </span><span class="pp-class-382 pa t30087 l56594 ls1073">financial </span><span class="pp-class-382 pa t30087 l56595 ls806">instruments </span><span class="pp-class-382 pa t30087 l56649 ls800">are </span><span class="pp-class-382 pa t30087 l56650 ls8853">measured </span><span class="pp-class-382 pa t30087 l55437 ls1080">in </span><span class="pp-class-382 pa t30087 l56651 ls1099">the </span><span class="pp-class-382 pa t30087 l56652 ls1237">balance </span><span class="pp-class-382 pa t30087 l56653 ls296">sheet </span><span class="pp-class-382 pa t30087 l56654 ls1083">at </span><span class="pp-class-382 pa t30087 l56655 ls3278">fair </span><span class="pp-class-382 pa t30087 l56656 ls1083">value </span><span class="pp-class-382 pa t30087 l56657 ls1080">as </span><span class="pp-class-382 pa t30087 l54792 ls1243">from </span><span class="pp-class-382 pa t30087 l56658 ls858">the </span><span class="pp-class-382 pa t30087 l56659 ls1859">date </span><span class="pp-class-382 pa t30093 l3 ls2784">where </span><span class="pp-class-382 pa t30093 l3267 ls858">the </span><span class="pp-class-382 pa t30093 l13688 ls4279">derivative </span><span class="pp-class-382 pa t30093 l56660 ls1073">financial </span><span class="pp-class-382 pa t30093 l56661 ls806">instrument </span><span class="pp-class-382 pa t30093 l56662 ls1080">is </span><span class="pp-class-382 pa t30093 l56663 ls3474">concluded. </span><span class="pp-class-382 pa t30093 l56664 ls1099">The </span><span class="pp-class-382 pa t30093 l56665 ls3278">fair </span><span class="pp-class-382 pa t30093 l37923 ls1150">values </span><span class="pp-class-382 pa t30093 l56666 ls103">of </span><span class="pp-class-382 pa t30093 l56667 ls7694">derivatives </span><span class="pp-class-382 pa t30093 l56668 ls1323">financial </span><span class="pp-class-382 pa t30098 l3 ls806">instruments </span><span class="pp-class-382 pa t30098 l45776 ls800">are </span><span class="pp-class-382 pa t30098 l24500 ls852">presented </span><span class="pp-class-382 pa t30098 l3195 ls1080">as </span><span class="pp-class-382 pa t30098 l56669 ls4279">derivative </span><span class="pp-class-382 pa t30098 l56670 ls1073">financial </span><span class="pp-class-382 pa t30098 l56671 ls806">instruments </span><span class="pp-class-382 pa t30098 l56672 ls1759">under </span><span class="pp-class-382 pa t30098 l56673 ls238">assets </span><span class="pp-class-382 pa t30098 l56674 ls1080">if </span><span class="pp-class-382 pa t30098 l56675 ls2088">positive </span><span class="pp-class-382 pa t30098 l56676 ls1080">or </span><span class="pp-class-382 pa t30098 l56677 ls1080">under </span><span class="pp-class-382 pa t30105 l3 ls1118">liabilities </span><span class="pp-class-382 pa t30105 l44406 ls1080">if </span><span class="pp-class-382 pa t30105 l56678 ls1463">negative. </span><span class="pp-class-382 pa t30105 l56679 ls960">Netting </span><span class="pp-class-382 pa t30105 l56680 ls103">of </span><span class="pp-class-382 pa t30105 l56681 ls2088">positive </span><span class="pp-class-382 pa t30105 l56682 ls858">and </span><span class="pp-class-382 pa t30105 l56683 ls2944">negative </span><span class="pp-class-382 pa t30105 l56684 ls4279">derivative </span><span class="pp-class-382 pa t30105 l56685 ls1073">financial </span><span class="pp-class-382 pa t30105 l56686 ls806">instruments </span><span class="pp-class-382 pa t30105 l56687 ls1080">is </span><span class="pp-class-382 pa t30105 l56688 ls4305">only </span><span class="pp-class-382 pa t30110 l3 ls1321">performed </span><span class="pp-class-382 pa t30110 l56689 ls1080">if </span><span class="pp-class-382 pa t30110 l3898 ls858">the </span><span class="pp-class-382 pa t30110 l56690 ls2784">Group </span><span class="pp-class-382 pa t30110 l56691 ls1080">is </span><span class="pp-class-382 pa t30110 l56692 ls830">entitled </span><span class="pp-class-382 pa t30110 l56693 ls1759">to </span><span class="pp-class-382 pa t30110 l56694 ls858">and </span><span class="pp-class-382 pa t30110 l56695 ls858">has </span><span class="pp-class-382 pa t30110 l56696 ls858">the </span><span class="pp-class-382 pa t30110 l56697 ls1321">intention </span><span class="pp-class-382 pa t30110 l56698 ls1759">to </span><span class="pp-class-382 pa t30110 l56699 ls1244">settle </span><span class="pp-class-382 pa t30110 l56700 ls858">the </span><span class="pp-class-382 pa t30110 l56701 ls4279">derivative </span><span class="pp-class-382 pa t30110 l56702 ls1323">financial </span><span class="pp-class-382 pa t37915 l3 ls806">instruments </span><span class="pp-class-382 pa t37915 l45776 ls1080">as </span><span class="pp-class-382 pa t37915 l56703 ls302">a </span><span class="pp-class-382 pa t37915 l56704 ls1323">net. </span><span class="pp-class-382 pa t37915 l50467 ls1772">Fair </span><span class="pp-class-382 pa t37915 l56705 ls1150">values </span><span class="pp-class-382 pa t37915 l56706 ls103">of </span><span class="pp-class-382 pa t37915 l51422 ls4279">derivative </span><span class="pp-class-382 pa t37915 l56707 ls1073">financial </span><span class="pp-class-382 pa t37915 l56708 ls806">instruments </span><span class="pp-class-382 pa t37915 l56709 ls800">are </span><span class="pp-class-382 pa t37915 l49204 ls296">computed </span><span class="pp-class-382 pa t37915 l56710 ls1080">on </span><span class="pp-class-382 pa t37915 l56711 ls1099">the </span><span class="pp-class-382 pa t37915 l56712 ls1759">basis </span><span class="pp-class-382 pa t37915 l56713 ls134">of </span><span class="pp-class-382 pa t37930 l3 ls852">current </span><span class="pp-class-382 pa t37930 l46050 ls3623">market </span><span class="pp-class-382 pa t37930 l34319 ls852">data </span><span class="pp-class-382 pa t37930 l56714 ls1099">and </span><span class="pp-class-382 pa t37930 l56715 ls4396">generally </span><span class="pp-class-382 pa t37930 l11415 ls2142">accepted </span><span class="pp-class-382 pa t37930 l56716 ls828">valuation </span><span class="pp-class-382 pa t37930 l56717 ls3474">methods.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls1237">Fair </span><span class="pp-class-383 pa t49646 l56718 ls2784">value </span><span class="pp-class-383 pa t49646 l56719 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls1237" xmlns="http://www.w3.org/1999/xhtml">Changes </span><span class="pp-class-382 pa t37943 l46658 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37943 l54608 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37943 l53288 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37943 l56720 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37943 l56721 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37943 l56722 ls1073" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t37943 l56723 ls806" xmlns="http://www.w3.org/1999/xhtml">instruments </span><span class="pp-class-382 pa t37943 l56724 ls803" xmlns="http://www.w3.org/1999/xhtml">designated </span><span class="pp-class-382 pa t37943 l49729 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l47066 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37943 l56725 ls1759" xmlns="http://www.w3.org/1999/xhtml">qualifying </span><span class="pp-class-382 pa t37943 l56726 ls3278" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t37943 l56727 ls2142" xmlns="http://www.w3.org/1999/xhtml">recognition </span><span class="pp-class-382 pa t37943 l56728 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l56729 ls12" xmlns="http://www.w3.org/1999/xhtml">a </span><span class="pp-class-382 pa t37948 l3 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37948 l56730 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37948 l30730 ls1759" xmlns="http://www.w3.org/1999/xhtml">hedge </span><span class="pp-class-382 pa t37948 l56731 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37948 l45792 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56732 ls238" xmlns="http://www.w3.org/1999/xhtml">assets </span><span class="pp-class-382 pa t37948 l56733 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37948 l56734 ls1118" xmlns="http://www.w3.org/1999/xhtml">liabilities </span><span class="pp-class-382 pa t37948 l56735 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t37948 l49728 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56736 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37948 l56737 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37948 l56738 ls2486" xmlns="http://www.w3.org/1999/xhtml">income </span><span class="pp-class-382 pa t37948 l56739 ls1150" xmlns="http://www.w3.org/1999/xhtml">statement </span><span class="pp-class-382 pa t37948 l56740 ls819" xmlns="http://www.w3.org/1999/xhtml">together </span><span class="pp-class-382 pa t37961 l3 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t37961 l10466 ls1237" xmlns="http://www.w3.org/1999/xhtml">changes </span><span class="pp-class-382 pa t37961 l30963 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37961 l38976 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56741 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37961 l56742 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37961 l18570 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l4129 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56743 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t37961 l56744 ls1080" xmlns="http://www.w3.org/1999/xhtml">or </span><span class="pp-class-382 pa t37961 l56745 ls1073" xmlns="http://www.w3.org/1999/xhtml">liability </span><span class="pp-class-382 pa t37961 l56746 ls1759" xmlns="http://www.w3.org/1999/xhtml">based </span><span class="pp-class-382 pa t37961 l56747 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t37961 l56748 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56749 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56750 ls3278" xmlns="http://www.w3.org/1999/xhtml">proportion. </span><span class="pp-class-382 pa t37961 l56751 ls1237">Hedging </span><span class="pp-class-382 pa t37961 l56752 ls134">of </span><span class="pp-class-382 pa t37974 l3 ls1083">future </span><span class="pp-class-382 pa t37974 l34026 ls1323">cash </span><span class="pp-class-382 pa t37974 l33487 ls2784">flows </span><span class="pp-class-382 pa t37974 l56753 ls6007">according </span><span class="pp-class-382 pa t37974 l56754 ls1759">to </span><span class="pp-class-382 pa t37974 l56755 ls6007">agreements </span><span class="pp-class-382 pa t37974 l45145 ls1759">(firm </span><span class="pp-class-382 pa t37974 l56756 ls2489">commitments), </span><span class="pp-class-382 pa t37974 l56757 ls3382">except </span><span class="pp-class-382 pa t37974 l56758 ls3278">for </span><span class="pp-class-382 pa t37974 l56759 ls1463">foreign </span><span class="pp-class-382 pa t37974 l56760 ls3377">currency </span><span class="pp-class-382 pa t37974 l56761 ls1099">hedges, </span><span class="pp-class-382 pa t49077 l3 ls1080">is </span><span class="pp-class-382 pa t49077 l46558 ls3458">treated </span><span class="pp-class-382 pa t49077 l56762 ls1080">as </span><span class="pp-class-382 pa t49077 l56763 ls302">a </span><span class="pp-class-382 pa t49077 l56764 ls3278">fair </span><span class="pp-class-382 pa t49077 l56765 ls1083">value </span><span class="pp-class-382 pa t49077 l56766 ls1759">hedge </span><span class="pp-class-382 pa t49077 l16536 ls103">of </span><span class="pp-class-382 pa t49077 l56767 ls302">a </span><span class="pp-class-382 pa t49077 l56768 ls2970">recognised </span><span class="pp-class-382 pa t49077 l56769 ls296">asset </span><span class="pp-class-382 pa t49077 l36990 ls1099">and </span><span class="pp-class-382 pa t49077 l56770 ls185">liability.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls1323">Cash </span><span class="pp-class-383 pa t37977 l45507 ls2944">flow </span><span class="pp-class-383 pa t37977 l56771 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls103">Changes </span><span class="pp-class-382 pa t36901 l56772 ls2482">in </span><span class="pp-class-382 pa t36901 l56773 ls1955">the </span><span class="pp-class-382 pa t36901 l250 ls276">fair </span><span class="pp-class-382 pa t36901 l56774 ls5039">value </span><span class="pp-class-382 pa t36901 l56775 ls2835">of </span><span class="pp-class-382 pa t36901 l18339 ls3572">financial </span><span class="pp-class-382 pa t36901 l56776 ls56">instruments </span><span class="pp-class-382 pa t36901 l56777 ls1319">designated </span><span class="pp-class-382 pa t36901 l56778 ls2482">as </span><span class="pp-class-382 pa t36901 l46236 ls1955">and </span><span class="pp-class-382 pa t36901 l56779 ls85">qualifying </span><span class="pp-class-382 pa t36901 l56780 ls1237">for </span><span class="pp-class-382 pa t36901 l56781 ls1344">cash </span><span class="pp-class-382 pa t36901 l56782 ls1772">flow </span><span class="pp-class-382 pa t36901 l56783 ls1955">hedging </span><span class="pp-class-382 pa t36903 l3 ls1955">and </span><span class="pp-class-382 pa t36903 l56784 ls1080">which </span><span class="pp-class-382 pa t36903 l10920 ls2760">effectively </span><span class="pp-class-382 pa t36903 l56785 ls1080">hedge </span><span class="pp-class-382 pa t36903 l56786 ls103">changes </span><span class="pp-class-382 pa t36903 l17115 ls2482">in </span><span class="pp-class-382 pa t36903 l56787 ls2113">future </span><span class="pp-class-382 pa t36903 l56788 ls1344">cash </span><span class="pp-class-382 pa t36903 l56789 ls2113">flows, </span><span class="pp-class-382 pa t36903 l56790 ls1974">are </span><span class="pp-class-382 pa t36903 l56791 ls3474">recognised </span><span class="pp-class-382 pa t36903 l56792 ls2482">in </span><span class="pp-class-382 pa t36903 l56793 ls58">other </span><span class="pp-class-382 pa t36903 l56794 ls1772">comprehensive </span><span class="pp-class-382 pa t36916 l3 ls869">income. </span><span class="pp-class-382 pa t36916 l31834 ls1955">The </span><span class="pp-class-382 pa t36916 l56795 ls3566">change </span><span class="pp-class-382 pa t36916 l16336 ls2482">in </span><span class="pp-class-382 pa t36916 l56796 ls276">fair </span><span class="pp-class-382 pa t36916 l53013 ls5039">value </span><span class="pp-class-382 pa t36916 l56797 ls4275">that </span><span class="pp-class-382 pa t36916 l53348 ls4305">relates </span><span class="pp-class-382 pa t36916 l56798 ls103">to </span><span class="pp-class-382 pa t36916 l56799 ls1955">the </span><span class="pp-class-382 pa t36916 l56800 ls2088">effective </span><span class="pp-class-382 pa t36916 l45826 ls658">portion </span><span class="pp-class-382 pa t36916 l56801 ls2835">of </span><span class="pp-class-382 pa t36916 l56802 ls1955">the </span><span class="pp-class-382 pa t36916 l54629 ls1344">cash </span><span class="pp-class-382 pa t36916 l56803 ls1772">flow </span><span class="pp-class-382 pa t36916 l56804 ls1080">hedge </span><span class="pp-class-382 pa t36916 l56805 ls254">is </span><span class="pp-class-382 pa t36920 l3 ls3474">recognised </span><span class="pp-class-382 pa t36920 l56806 ls2482">as </span><span class="pp-class-382 pa t36920 l16615 ls16">a </span><span class="pp-class-382 pa t36920 l56690 ls1974">separate </span><span class="pp-class-382 pa t36920 l56807 ls3566">equity </span><span class="pp-class-382 pa t36920 l56808 ls728">reserve </span><span class="pp-class-382 pa t36920 l56809 ls1110">until </span><span class="pp-class-382 pa t36920 l56810 ls1955">the </span><span class="pp-class-382 pa t36920 l56811 ls3566">hedged </span><span class="pp-class-382 pa t36920 l51591 ls1344">cash </span><span class="pp-class-382 pa t36920 l56812 ls1772">flow </span><span class="pp-class-382 pa t36920 l56813 ls1118">impacts </span><span class="pp-class-382 pa t36920 l56814 ls1955">the </span><span class="pp-class-382 pa t36920 l56815 ls3566">income </span><span class="pp-class-382 pa t36920 l56816 ls276">statement. </span><span class="pp-class-382 pa t36928 l3 ls2769">At </span><span class="pp-class-382 pa t36928 l56817 ls1344">this </span><span class="pp-class-382 pa t36928 l56818 ls1110">point </span><span class="pp-class-382 pa t36928 l17453 ls2482">in </span><span class="pp-class-382 pa t36928 l44018 ls1344">time </span><span class="pp-class-382 pa t36928 l50753 ls1955">the </span><span class="pp-class-382 pa t36928 l56819 ls4305">related </span><span class="pp-class-382 pa t36928 l56820 ls1080">gains </span><span class="pp-class-382 pa t36928 l56821 ls2482">or </span><span class="pp-class-382 pa t36928 l56822 ls3566">losses </span><span class="pp-class-382 pa t36928 l56823 ls7096">previously </span><span class="pp-class-382 pa t36928 l56824 ls3474">recognised </span><span class="pp-class-382 pa t36928 l56825 ls2482">in </span><span class="pp-class-382 pa t36928 l56826 ls58">other </span><span class="pp-class-382 pa t36928 l56827 ls2113">comprehensive </span><span class="pp-class-382 pa t36928 l56828 ls2835">income </span><span class="pp-class-382 pa t38016 l3 ls1974">are </span><span class="pp-class-382 pa t38016 l56829 ls6007">transferred </span><span class="pp-class-382 pa t38016 l56830 ls103">to </span><span class="pp-class-382 pa t38016 l32572 ls1955">the </span><span class="pp-class-382 pa t38016 l52521 ls3566">income </span><span class="pp-class-382 pa t38016 l56831 ls3278">statement </span><span class="pp-class-382 pa t38016 l56832 ls1323">into </span><span class="pp-class-382 pa t38016 l56833 ls1955">the </span><span class="pp-class-382 pa t38016 l13649 ls1344">same </span><span class="pp-class-382 pa t38016 l56834 ls1344">line </span><span class="pp-class-382 pa t38016 l56835 ls1123">item </span><span class="pp-class-382 pa t38016 l56836 ls2482">as </span><span class="pp-class-382 pa t38016 l56837 ls1955">the </span><span class="pp-class-382 pa t38016 l56838 ls3566">hedged </span><span class="pp-class-382 pa t38016 l56839 ls1123">item </span><span class="pp-class-382 pa t38016 l56840 ls2482">is </span><span class="pp-class-382 pa t38016 l56841 ls1305">recognised. </span><span class="pp-class-382 pa t49235 l3 ls14073">However, </span><span class="pp-class-382 pa t49235 l56842 ls1344">when </span><span class="pp-class-382 pa t49235 l56843 ls1955">the </span><span class="pp-class-382 pa t49235 l30618 ls3105">forecast </span><span class="pp-class-382 pa t49235 l51090 ls2088">transaction </span><span class="pp-class-382 pa t49235 l56844 ls4275">that </span><span class="pp-class-382 pa t49235 l36927 ls2482">is </span><span class="pp-class-382 pa t49235 l56845 ls3566">hedged </span><span class="pp-class-382 pa t49235 l56846 ls8853">results </span><span class="pp-class-382 pa t49235 l56847 ls2482">in </span><span class="pp-class-382 pa t49235 l56848 ls1955">the </span><span class="pp-class-382 pa t49235 l56849 ls296">recognition </span><span class="pp-class-382 pa t49235 l56850 ls2835">of </span><span class="pp-class-382 pa t49235 l53021 ls16">a </span><span class="pp-class-382 pa t49235 l56851 ls1065">non-financial </span><span class="pp-class-382 pa t38021 l3 ls3566">asset, </span><span class="pp-class-382 pa t38021 l38025 ls1955">the </span><span class="pp-class-382 pa t38021 l56852 ls1080">gains </span><span class="pp-class-382 pa t38021 l56853 ls2482">or </span><span class="pp-class-382 pa t38021 l56854 ls3566">losses </span><span class="pp-class-382 pa t38021 l14180 ls7096">previously </span><span class="pp-class-382 pa t38021 l56855 ls3474">recognised </span><span class="pp-class-382 pa t38021 l56856 ls2482">in </span><span class="pp-class-382 pa t38021 l56857 ls58">other </span><span class="pp-class-382 pa t38021 l56858 ls2113">comprehensive </span><span class="pp-class-382 pa t38021 l56859 ls3566">income </span><span class="pp-class-382 pa t38021 l56860 ls1974">are </span><span class="pp-class-382 pa t38021 l25310 ls6007">transferred </span><span class="pp-class-382 pa t38021 l56861 ls1772">from </span><span class="pp-class-382 pa t38024 l3 ls3566">equity </span><span class="pp-class-382 pa t38024 l45246 ls1955">and </span><span class="pp-class-382 pa t38024 l53339 ls99">included </span><span class="pp-class-382 pa t38024 l56862 ls2482">in </span><span class="pp-class-382 pa t38024 l16248 ls1955">the </span><span class="pp-class-382 pa t38024 l56863 ls103">initial </span><span class="pp-class-382 pa t38024 l56864 ls4275">measurement </span><span class="pp-class-382 pa t38024 l56865 ls2835">of </span><span class="pp-class-382 pa t38024 l56866 ls1955">the </span><span class="pp-class-382 pa t38024 l56867 ls1344">cost </span><span class="pp-class-382 pa t38024 l56868 ls2835">of </span><span class="pp-class-382 pa t38024 l56869 ls1955">the </span><span class="pp-class-382 pa t38024 l56870 ls3566">non-financial </span><span class="pp-class-382 pa t38024 l56871 ls3566">asset. </span><span class="pp-class-382 pa t38024 l56872 ls1077">For </span><span class="pp-class-382 pa t38024 l56873 ls6360">derivative </span><span class="pp-class-382 pa t38039 l3 ls3572">financial </span><span class="pp-class-382 pa t38039 l56874 ls56">instruments </span><span class="pp-class-382 pa t38039 l56875 ls4275">that </span><span class="pp-class-382 pa t38039 l56876 ls2482">no </span><span class="pp-class-382 pa t38039 l56877 ls3566">longer </span><span class="pp-class-382 pa t38039 l56878 ls214">qualify </span><span class="pp-class-382 pa t38039 l35069 ls1237">for </span><span class="pp-class-382 pa t38039 l56879 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56880 ls187">accounting, </span><span class="pp-class-382 pa t38039 l55935 ls1955">the </span><span class="pp-class-382 pa t38039 l56881 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56882 ls2482">is </span><span class="pp-class-382 pa t38039 l56883 ls2854">dissolved </span><span class="pp-class-382 pa t49735 l3 ls10900">prospectively. </span><span class="pp-class-382 pa t49735 l56884 ls1955">The </span><span class="pp-class-382 pa t49735 l56885 ls1772">accumulated </span><span class="pp-class-382 pa t49735 l56886 ls276">fair </span><span class="pp-class-382 pa t49735 l56887 ls5039">value </span><span class="pp-class-382 pa t49735 l56888 ls2482">in </span><span class="pp-class-382 pa t49735 l56889 ls3566">equity </span><span class="pp-class-382 pa t49735 l56890 ls2482">is </span><span class="pp-class-382 pa t49735 l56891 ls2127">immediately </span><span class="pp-class-382 pa t49735 l56892 ls6007">transferred </span><span class="pp-class-382 pa t49735 l56893 ls103">to </span><span class="pp-class-382 pa t49735 l56894 ls1955">the </span><span class="pp-class-382 pa t49735 l56895 ls2835">income </span><span class="pp-class-382 pa t49748 l3 ls3278">statement </span><span class="pp-class-382 pa t49748 l56896 ls1323">into </span><span class="pp-class-382 pa t49748 l56897 ls1955">the </span><span class="pp-class-382 pa t49748 l56898 ls1344">same </span><span class="pp-class-382 pa t49748 l32537 ls1344">line </span><span class="pp-class-382 pa t49748 l56899 ls1123">item </span><span class="pp-class-382 pa t49748 l56900 ls2482">as </span><span class="pp-class-382 pa t49748 l56901 ls1955">the </span><span class="pp-class-382 pa t49748 l56902 ls3566">hedged </span><span class="pp-class-382 pa t49748 l56903 ls1123">item </span><span class="pp-class-382 pa t49748 l47460 ls2482">is </span><span class="pp-class-382 pa t49748 l56904 ls3474">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t51196 l3 ls1759">Other </span><span class="pp-class-383 pa t51196 l49181 ls1126">financial </span><span class="pp-class-383 pa t51196 l56905 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1772">For </span><span class="pp-class-382 pa t49777 l44017 ls1073">financial </span><span class="pp-class-382 pa t49777 l56906 ls806">instruments </span><span class="pp-class-382 pa t49777 l56907 ls6360">that </span><span class="pp-class-382 pa t49777 l56908 ls1080">do </span><span class="pp-class-382 pa t49777 l56909 ls830">not </span><span class="pp-class-382 pa t49777 l56910 ls2842">fulfil </span><span class="pp-class-382 pa t49777 l56911 ls858">the </span><span class="pp-class-382 pa t49777 l56912 ls2688">requirements </span><span class="pp-class-382 pa t49777 l56913 ls103">of </span><span class="pp-class-382 pa t49777 l56914 ls1759">being </span><span class="pp-class-382 pa t49777 l56915 ls3458">treated </span><span class="pp-class-382 pa t49777 l56916 ls1080">as </span><span class="pp-class-382 pa t49777 l56917 ls1759">hedge </span><span class="pp-class-382 pa t49777 l56918 ls1941">instruments, </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1237">changes </span><span class="pp-class-382 pa t49792 l56919 ls1080">in </span><span class="pp-class-382 pa t49792 l29583 ls3278">fair </span><span class="pp-class-382 pa t49792 l56920 ls1083">value </span><span class="pp-class-382 pa t49792 l56921 ls800">are </span><span class="pp-class-382 pa t49792 l56922 ls2970">recognised </span><span class="pp-class-382 pa t49792 l56923 ls1080">in </span><span class="pp-class-382 pa t49792 l34249 ls858">the </span><span class="pp-class-382 pa t49792 l2583 ls2486">Income </span><span class="pp-class-382 pa t49792 l56924 ls1150">statement </span><span class="pp-class-382 pa t49792 l56925 ls1080">as </span><span class="pp-class-382 pa t49792 l56926 ls1073">financial </span><span class="pp-class-382 pa t49792 l56927 ls2486">income </span><span class="pp-class-382 pa t49792 l56928 ls858">and </span><span class="pp-class-382 pa t49792 l56929 ls1733">cost.</span></p></div></div></div></div></div> <div id="pp-id-5241" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h56438 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.2 </span><span class="pp-class-370 pa t21055 l43638 ls182">Information </span><span class="pp-class-370 pa t21055 l56439">on </span><span class="pp-class-370 pa t21055 l56440 ls986">financial </span><span class="pp-class-370 pa t21055 l56441 ls907">instruments</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3 ls2548">Carrying </span><span class="pp-class-373 pa t42308 l42889 ls907">amount </span><span class="pp-class-373 pa t42308 l48787">per </span><span class="pp-class-373 pa t42308 l56443 ls704">category </span><span class="pp-class-373 pa t42308 l4251">of </span><span class="pp-class-373 pa t42308 l6640 ls2548">financial </span><span class="pp-class-373 pa t42308 l40483 ls287">instruments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3">Financial </span><span class="pp-class-372 pa t43125 l2916 ls175">assets </span><span class="pp-class-372 pa t43125 l55733 ls1259">measured </span><span class="pp-class-372 pa t43125 l56444 ls2835">at </span><span class="pp-class-372 pa t43125 l56445 ls1005">fair </span><span class="pp-class-372 pa t43125 l56446 ls16">value:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t22670 l29575 ls1955">related </span><span class="pp-class-372 pa t22670 l56447 ls166">to </span><span class="pp-class-372 pa t22670 l29851 ls110">operating </span><span class="pp-class-372 pa t22670 l10869 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l55925">88</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l48650">56</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t43136 l29575 ls1955">related </span><span class="pp-class-372 pa t43136 l56447 ls166">to </span><span class="pp-class-372 pa t43136 l29851 ls225">interest-bearing </span><span class="pp-class-372 pa t43136 l51633 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l53989 ls3688">77</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43136 l56448">119</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43142 l3">Financial </span><span class="pp-class-372 pa t43142 l2916 ls175">assets </span><span class="pp-class-372 pa t43142 l55733 ls1259">measured </span><span class="pp-class-372 pa t43142 l56444 ls2835">at </span><span class="pp-class-372 pa t43142 l56445 ls2554">amortised </span><span class="pp-class-372 pa t43142 l56449">cost:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19778 l3 ls14077">Trade </span><span class="pp-class-372 pa t19778 l42817 ls81">receivables, </span><span class="pp-class-372 pa t19778 l56450 ls134">receivables </span><span class="pp-class-372 pa t19778 l56451 ls931">from </span><span class="pp-class-372 pa t19778 l40556 ls128">associates </span><span class="pp-class-372 pa t19778 l56452">and </span><span class="pp-class-372 pa t19778 l56453 ls907">joint </span><span class="pp-class-372 pa t19778 l56454 ls203">ventures, </span><span class="pp-class-372 pa t19782 l3 ls72">other </span><span class="pp-class-372 pa t19782 l56455 ls134">receivables </span><span class="pp-class-372 pa t19782 l17037">and </span><span class="pp-class-372 pa t19782 l16709">cash</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19782 l56456 ls3241">6,084</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t19782 l56457 ls3241">5,039</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56458 l3">Financial </span><span class="pp-class-372 pa t56458 l2916 ls175">assets </span><span class="pp-class-372 pa t56458 l55733 ls1259">measured </span><span class="pp-class-372 pa t56458 l56444 ls2835">at </span><span class="pp-class-372 pa t56458 l56445 ls1005">fair </span><span class="pp-class-372 pa t56458 l56446 ls16">value </span><span class="pp-class-372 pa t56458 l56459 ls671">through </span><span class="pp-class-372 pa t56458 l56460 ls225">profit </span><span class="pp-class-372 pa t56458 l56461">or </span><span class="pp-class-372 pa t56458 l56462">loss:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l3">Securities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56463 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l3 ls2459">Total </span><span class="pp-class-373 pa t56464 l29712 ls2548">financial </span><span class="pp-class-373 pa t56464 l55861 ls907">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l50427 ls658">6,251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56464 l56465 ls1733">5,215</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56466 l3">Financial </span><span class="pp-class-372 pa t56466 l2916">liabilities </span><span class="pp-class-372 pa t56466 l56467 ls1259">measured </span><span class="pp-class-372 pa t56466 l56468 ls2835">at </span><span class="pp-class-372 pa t56466 l56469 ls1005">fair </span><span class="pp-class-372 pa t56466 l56470 ls16">value:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56471 l29575 ls1955">related </span><span class="pp-class-372 pa t56471 l56447 ls166">to </span><span class="pp-class-372 pa t56471 l29851 ls110">operating </span><span class="pp-class-372 pa t56471 l10869 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l54027">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56471 l56472 ls124">18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56473 l29575 ls1955">related </span><span class="pp-class-372 pa t56473 l56447 ls166">to </span><span class="pp-class-372 pa t56473 l29851 ls225">interest-bearing </span><span class="pp-class-372 pa t56473 l51633 ls166">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l50204">139</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56473 l56474 ls3688">77</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56475 l3">Financial </span><span class="pp-class-372 pa t56475 l2916">liabilities </span><span class="pp-class-372 pa t56475 l56467 ls1259">measured </span><span class="pp-class-372 pa t56475 l56468 ls2835">at </span><span class="pp-class-372 pa t56475 l56469 ls2554">amortised </span><span class="pp-class-372 pa t56475 l56476">cost:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56477 l3 ls225">Interest-bearing </span><span class="pp-class-372 pa t56477 l42787">liabilities, </span><span class="pp-class-372 pa t56477 l56478 ls1955">trade </span><span class="pp-class-372 pa t56477 l56479 ls168">payables, </span><span class="pp-class-372 pa t56477 l56480 ls110">payables </span><span class="pp-class-372 pa t56477 l35340 ls166">to </span><span class="pp-class-372 pa t56477 l56481 ls128">associates </span><span class="pp-class-372 pa t56482 l3">and </span><span class="pp-class-372 pa t56482 l4247 ls907">joint </span><span class="pp-class-372 pa t56482 l56483 ls203">ventures, </span><span class="pp-class-372 pa t56482 l56484">and </span><span class="pp-class-372 pa t56482 l56485 ls72">other </span><span class="pp-class-372 pa t56482 l56486 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56482 l56487 ls2760">23,013</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56482 l56488 ls4487">18,974</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l3 ls2459">Total </span><span class="pp-class-373 pa t56489 l29712 ls2548">financial </span><span class="pp-class-373 pa t56489 l55861">liabilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l56490 ls225">23,156</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56489 l56491 ls646">19,069</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t56492 l3 ls1243">Hierarchy </span><span class="pp-class-383 pa t56492 l56493 ls1080">of </span><span class="pp-class-383 pa t56492 l56494 ls1126">financial </span><span class="pp-class-383 pa t56492 l56495 ls806">instruments </span><span class="pp-class-383 pa t56492 l56496 ls53">measured </span><span class="pp-class-383 pa t56492 l56497 ls3435">at </span><span class="pp-class-383 pa t56492 l56498 ls1237">fair </span><span class="pp-class-383 pa t56492 l55458 ls1243">value</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56499 l3 ls858">The </span><span class="pp-class-382 pa t56499 l16631 ls1118">table </span><span class="pp-class-382 pa t56499 l56500 ls2142">below </span><span class="pp-class-382 pa t56499 l56501 ls2851">ranks </span><span class="pp-class-382 pa t56499 l56502 ls1073">financial </span><span class="pp-class-382 pa t56499 l56503 ls806">instruments </span><span class="pp-class-382 pa t56499 l17188 ls1237">carried </span><span class="pp-class-382 pa t56499 l56504 ls1083">at </span><span class="pp-class-382 pa t56499 l56505 ls3278">fair </span><span class="pp-class-382 pa t56499 l20840 ls1083">value </span><span class="pp-class-382 pa t56499 l56506 ls2784">by </span><span class="pp-class-382 pa t56499 l56507 ls828">valuation </span><span class="pp-class-382 pa t56499 l56508 ls3474">method. </span><span class="pp-class-382 pa t56499 l56509 ls1099">The </span><span class="pp-class-382 pa t56499 l56510 ls4305">different </span><span class="pp-class-382 pa t56499 l56511 ls2531">levels </span><span class="pp-class-382 pa t56499 l56512 ls3377">have </span><span class="pp-class-382 pa t56513 l3 ls1323">been </span><span class="pp-class-382 pa t56513 l43769 ls1305">defined </span><span class="pp-class-382 pa t56513 l56514 ls1080">as </span><span class="pp-class-382 pa t56513 l13284 ls1463">follows:</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56515 l1007 ls646">Level </span><span class="pp-class-382 pa t56515 l56516 ls1080">1: </span><span class="pp-class-382 pa t56515 l56517 ls53">Quoted </span><span class="pp-class-382 pa t56515 l56518 ls2486">prices </span><span class="pp-class-382 pa t56515 l56519 ls1080">in </span><span class="pp-class-382 pa t56515 l1848 ls1080">an </span><span class="pp-class-382 pa t56515 l56520 ls2149">active </span><span class="pp-class-382 pa t56515 l56521 ls3623">market </span><span class="pp-class-382 pa t56515 l56522 ls3278">for </span><span class="pp-class-382 pa t56515 l56523 ls1319">identical </span><span class="pp-class-382 pa t56515 l56524 ls1323">type </span><span class="pp-class-382 pa t56515 l56525 ls103">of </span><span class="pp-class-382 pa t56515 l56526 ls1305">instrument, </span><span class="pp-class-382 pa t56515 l56527 ls960">i.e. </span><span class="pp-class-382 pa t56515 l56528 ls1237">without </span><span class="pp-class-382 pa t56515 l56529 ls2486">change </span><span class="pp-class-382 pa t56515 l56530 ls1080">in </span><span class="pp-class-382 pa t56515 l56531 ls3278">form </span><span class="pp-class-382 pa t56515 l56532 ls1080">or </span><span class="pp-class-382 pa t56515 l25154 ls1099">con-</span><span class="pp-class-382 pa t56533 l1007 ls3474">tent </span><span class="pp-class-382 pa t56533 l56534 ls2842">(modification </span><span class="pp-class-382 pa t56533 l43591 ls1080">or </span><span class="pp-class-382 pa t56533 l56535 ls864">repackaging).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56536 l1007 ls646">Level </span><span class="pp-class-382 pa t56536 l56516 ls1080">2: </span><span class="pp-class-382 pa t56536 l56537 ls53">Quoted </span><span class="pp-class-382 pa t56536 l56538 ls2486">prices </span><span class="pp-class-382 pa t56536 l56539 ls1080">in </span><span class="pp-class-382 pa t56536 l56540 ls1080">an </span><span class="pp-class-382 pa t56536 l10624 ls2149">active </span><span class="pp-class-382 pa t56536 l56541 ls3623">market </span><span class="pp-class-382 pa t56536 l56542 ls3278">for </span><span class="pp-class-382 pa t56536 l56543 ls1237">similar </span><span class="pp-class-382 pa t56536 l56544 ls238">assets </span><span class="pp-class-382 pa t56536 l56545 ls1080">or </span><span class="pp-class-382 pa t56536 l56546 ls1118">liabilities </span><span class="pp-class-382 pa t56536 l56547 ls1080">or </span><span class="pp-class-382 pa t56536 l56548 ls296">other </span><span class="pp-class-382 pa t56536 l56549 ls828">valuation </span><span class="pp-class-382 pa t56536 l56550 ls3474">methods </span><span class="pp-class-382 pa t56536 l56551 ls728">where </span><span class="pp-class-382 pa t56552 l1007 ls1099">all </span><span class="pp-class-382 pa t56552 l56553 ls2142">material </span><span class="pp-class-382 pa t56552 l56554 ls1759">input </span><span class="pp-class-382 pa t56552 l56555 ls1080">is </span><span class="pp-class-382 pa t56552 l56556 ls1759">based </span><span class="pp-class-382 pa t56552 l56557 ls1080">on </span><span class="pp-class-382 pa t56552 l56558 ls3474">observable </span><span class="pp-class-382 pa t56552 l56559 ls3623">market </span><span class="pp-class-382 pa t56552 l56560 ls1237">data.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56561 l1592 ls646">Level </span><span class="pp-class-382 pa t56561 l10896 ls1080">3: </span><span class="pp-class-382 pa t56561 l56562 ls7858">Valuation </span><span class="pp-class-382 pa t56561 l19272 ls3474">methods </span><span class="pp-class-382 pa t56561 l56563 ls2784">where </span><span class="pp-class-382 pa t56561 l56564 ls2694">possible </span><span class="pp-class-382 pa t56561 l56565 ls2142">material </span><span class="pp-class-382 pa t56561 l56566 ls1759">input </span><span class="pp-class-382 pa t56561 l56567 ls1080">is </span><span class="pp-class-382 pa t56561 l56568 ls830">not </span><span class="pp-class-382 pa t56561 l56569 ls1759">based </span><span class="pp-class-382 pa t56561 l56570 ls1080">on </span><span class="pp-class-382 pa t56561 l56571 ls3474">observable </span><span class="pp-class-382 pa t56561 l56572 ls3623">market </span><span class="pp-class-382 pa t56561 l56573 ls1237">data.</span></p></div></div><div id="pp-id-5242" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span><span class="pp-class-372 pa t328 l56574"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56575 ls1323">Level </span><span class="pp-class-373 pa t43218 l56576">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56577 ls1323">Level </span><span class="pp-class-373 pa t43218 l52866">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t43218 l56578 ls1323">Level </span><span class="pp-class-373 pa t43218 l56579">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t43223 l29575">financial </span><span class="pp-class-372 pa t43223 l56580 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l54346 ls278">165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43223 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l3">Securities, </span><span class="pp-class-372 pa t3097 l3250">financial </span><span class="pp-class-372 pa t3097 l56581 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56582 l29575">financial </span><span class="pp-class-372 pa t56582 l56580">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l56583 ls2835">143</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l3 ls813">Net </span><span class="pp-class-373 pa t56584 l43299 ls2220">asset/(liability)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l56585">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l55925">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l47088">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l46191"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l46689">2023 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56575 ls1323">Level </span><span class="pp-class-373 pa t56587 l56576">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56577 ls1323">Level </span><span class="pp-class-373 pa t56587 l52866">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56578 ls1323">Level </span><span class="pp-class-373 pa t56587 l56579">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56588 l29575">financial </span><span class="pp-class-372 pa t56588 l56580 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l56589 ls18759">175</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l3">Securities, </span><span class="pp-class-372 pa t56590 l3250">financial </span><span class="pp-class-372 pa t56590 l56581 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56591 l29575">financial </span><span class="pp-class-372 pa t56591 l56580">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l46316">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l53310">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l3 ls813">Net </span><span class="pp-class-373 pa t56592 l43299 ls2220">asset/(liability)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l56585">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l50646">80</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l47088">2</span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t56593 l3 ls4279">Derivative </span><span class="pp-class-382 pa t56593 l56594 ls1073">financial </span><span class="pp-class-382 pa t56593 l56595 ls238">assets </span><span class="pp-class-382 pa t56593 l18559 ls858">and </span><span class="pp-class-382 pa t56593 l10072 ls1118">liabilities </span><span class="pp-class-382 pa t56593 l56596 ls800">are </span><span class="pp-class-382 pa t56593 l47575 ls1099">all </span><span class="pp-class-382 pa t56593 l56597 ls8853">measured </span><span class="pp-class-382 pa t56593 l56598 ls1083">at </span><span class="pp-class-382 pa t56593 l51636 ls646">level </span><span class="pp-class-382 pa t56593 l56599 ls1080">2. </span><span class="pp-class-382 pa t56593 l49802 ls2944">Reference </span><span class="pp-class-382 pa t56593 l56600 ls1080">is </span><span class="pp-class-382 pa t56593 l56601 ls1772">made </span><span class="pp-class-382 pa t56593 l56602 ls1759">to </span><span class="pp-class-382 pa t56593 l56603 ls1859">note </span><span class="pp-class-382 pa t56593 l44351 ls1099">4.1 </span><span class="pp-class-382 pa t56593 l56604 ls99">for </span><span class="pp-class-382 pa t56605 l3 ls4275">description </span><span class="pp-class-382 pa t56605 l747 ls103">of </span><span class="pp-class-382 pa t56605 l5854 ls858">the </span><span class="pp-class-382 pa t56605 l56606 ls828">valuation </span><span class="pp-class-382 pa t56605 l56607 ls238">method.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t56608 l3 ls14077">Transfers </span><span class="pp-class-382 pa t56608 l56609 ls1244">between </span><span class="pp-class-382 pa t56608 l56610 ls2531">levels </span><span class="pp-class-382 pa t56608 l56611 ls103">of </span><span class="pp-class-382 pa t56608 l56612 ls858">the </span><span class="pp-class-382 pa t56608 l56613 ls3278">fair </span><span class="pp-class-382 pa t56608 l56614 ls1083">value </span><span class="pp-class-382 pa t56608 l51520 ls2459">hierarchy </span><span class="pp-class-382 pa t56608 l56615 ls800">are </span><span class="pp-class-382 pa t56608 l56616 ls2970">considered </span><span class="pp-class-382 pa t56608 l56617 ls1759">to </span><span class="pp-class-382 pa t56608 l56618 ls185">have </span><span class="pp-class-382 pa t56608 l56619 ls8853">occurred </span><span class="pp-class-382 pa t56608 l47278 ls1083">at </span><span class="pp-class-382 pa t56608 l44191 ls1099">the </span><span class="pp-class-382 pa t56608 l56620 ls852">date </span><span class="pp-class-382 pa t56608 l56621 ls103">of </span><span class="pp-class-382 pa t56608 l56622 ls1099">the </span><span class="pp-class-382 pa t56608 l56623 ls9967">event </span><span class="pp-class-382 pa t56608 l56624 ls278">or </span><span class="pp-class-382 pa t56625 l3 ls2486">change </span><span class="pp-class-382 pa t56625 l55217 ls1080">in </span><span class="pp-class-382 pa t56625 l56626 ls2970">circumstances </span><span class="pp-class-382 pa t56625 l31431 ls6360">that </span><span class="pp-class-382 pa t56625 l32156 ls238">caused </span><span class="pp-class-382 pa t56625 l56627 ls1099">the </span><span class="pp-class-382 pa t56625 l56628 ls4765">transfer. </span><span class="pp-class-382 pa t56625 l56629 ls2784">There </span><span class="pp-class-382 pa t56625 l56630 ls2848">were </span><span class="pp-class-382 pa t56625 l56631 ls1080">no </span><span class="pp-class-382 pa t56625 l56632 ls2784">transfers </span><span class="pp-class-382 pa t56625 l56633 ls1244">between </span><span class="pp-class-382 pa t56625 l56634 ls1099">the </span><span class="pp-class-382 pa t56625 l56635 ls2531">levels </span><span class="pp-class-382 pa t56625 l56636 ls1080">in </span><span class="pp-class-382 pa t56625 l56637 ls1099">the </span><span class="pp-class-382 pa t56625 l56638 ls3278">fair </span><span class="pp-class-382 pa t56625 l56639 ls5039">value </span><span class="pp-class-382 pa t56640 l3 ls2459">hierarchy </span><span class="pp-class-382 pa t56640 l15721 ls1080">in </span><span class="pp-class-382 pa t56640 l56641 ls1150">2024 </span><span class="pp-class-382 pa t56640 l56642 ls2486">(2023: </span><span class="pp-class-382 pa t56640 l56643 ls1080">No </span><span class="pp-class-382 pa t56640 l56644 ls1243">transfers).</span></p></div></div><div id="pp-id-5118" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls1759 wtro3159 wtr1293 tro3160 tr1294">Restated </span><span class="pp-class-376 pa t3433 l56132 ls3572 wtro3159 wtr1293 tro3160 tr1294">for </span><span class="pp-class-376 pa t3433 l56133 ls931 wtro3159 wtr1293 tro3160 tr1294">changes </span><span class="pp-class-376 pa t3433 l56134 ls128 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-376 pa t3439 l3 ls1733 wtro3159 wtr1293 tro3160 tr1294">accounting </span><span class="pp-class-376 pa t3439 l41418 ls2955 wtro3159 wtr1293 tro3160 tr1294">policy, </span><span class="pp-class-376 pa t3439 l56135 ls53 wtro3159 wtr1293 tro3160 tr1294">refer </span><span class="pp-class-376 pa t3445 l3 ls2835 wtro3159 wtr1293 tro3160 tr1294">to </span><span class="pp-class-376 pa t3445 l56136 ls3572 wtro3159 wtr1293 tro3160 tr1294">note </span><span class="pp-class-376 pa t3445 l56137 ls182 wtro3159 wtr1293 tro3160 tr1294">1.2.</span></p></div></div><div class="pp-class-10" id="pp-id-5245" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3">4.2 </span><span class="pp-class-370 pa t21055 l43638 ls182">Information </span><span class="pp-class-370 pa t21055 l56439">on </span><span class="pp-class-370 pa t21055 l56440 ls986">financial </span><span class="pp-class-370 pa t21055 l56441 ls105">instruments </span><span class="pp-class-371 pa t21055 l56646 ls155">(continued)</span></p><div id="pp-id-5244"><div class="pp-class-363 pp-class-395" id="pp-id-5243"><div class="w37231 h56647 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2138">Derivative </span><span class="pp-class-383 pa t30083 l56648 ls1126">financial </span><span class="pp-class-383 pa t30083 l47429 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4279">Derivative </span><span class="pp-class-382 pa t30087 l56594 ls1073">financial </span><span class="pp-class-382 pa t30087 l56595 ls806">instruments </span><span class="pp-class-382 pa t30087 l56649 ls800">are </span><span class="pp-class-382 pa t30087 l56650 ls8853">measured </span><span class="pp-class-382 pa t30087 l55437 ls1080">in </span><span class="pp-class-382 pa t30087 l56651 ls1099">the </span><span class="pp-class-382 pa t30087 l56652 ls1237">balance </span><span class="pp-class-382 pa t30087 l56653 ls296">sheet </span><span class="pp-class-382 pa t30087 l56654 ls1083">at </span><span class="pp-class-382 pa t30087 l56655 ls3278">fair </span><span class="pp-class-382 pa t30087 l56656 ls1083">value </span><span class="pp-class-382 pa t30087 l56657 ls1080">as </span><span class="pp-class-382 pa t30087 l54792 ls1243">from </span><span class="pp-class-382 pa t30087 l56658 ls858">the </span><span class="pp-class-382 pa t30087 l56659 ls1859">date </span><span class="pp-class-382 pa t30093 l3 ls2784">where </span><span class="pp-class-382 pa t30093 l3267 ls858">the </span><span class="pp-class-382 pa t30093 l13688 ls4279">derivative </span><span class="pp-class-382 pa t30093 l56660 ls1073">financial </span><span class="pp-class-382 pa t30093 l56661 ls806">instrument </span><span class="pp-class-382 pa t30093 l56662 ls1080">is </span><span class="pp-class-382 pa t30093 l56663 ls3474">concluded. </span><span class="pp-class-382 pa t30093 l56664 ls1099">The </span><span class="pp-class-382 pa t30093 l56665 ls3278">fair </span><span class="pp-class-382 pa t30093 l37923 ls1150">values </span><span class="pp-class-382 pa t30093 l56666 ls103">of </span><span class="pp-class-382 pa t30093 l56667 ls7694">derivatives </span><span class="pp-class-382 pa t30093 l56668 ls1323">financial </span><span class="pp-class-382 pa t30098 l3 ls806">instruments </span><span class="pp-class-382 pa t30098 l45776 ls800">are </span><span class="pp-class-382 pa t30098 l24500 ls852">presented </span><span class="pp-class-382 pa t30098 l3195 ls1080">as </span><span class="pp-class-382 pa t30098 l56669 ls4279">derivative </span><span class="pp-class-382 pa t30098 l56670 ls1073">financial </span><span class="pp-class-382 pa t30098 l56671 ls806">instruments </span><span class="pp-class-382 pa t30098 l56672 ls1759">under </span><span class="pp-class-382 pa t30098 l56673 ls238">assets </span><span class="pp-class-382 pa t30098 l56674 ls1080">if </span><span class="pp-class-382 pa t30098 l56675 ls2088">positive </span><span class="pp-class-382 pa t30098 l56676 ls1080">or </span><span class="pp-class-382 pa t30098 l56677 ls1080">under </span><span class="pp-class-382 pa t30105 l3 ls1118">liabilities </span><span class="pp-class-382 pa t30105 l44406 ls1080">if </span><span class="pp-class-382 pa t30105 l56678 ls1463">negative. </span><span class="pp-class-382 pa t30105 l56679 ls960">Netting </span><span class="pp-class-382 pa t30105 l56680 ls103">of </span><span class="pp-class-382 pa t30105 l56681 ls2088">positive </span><span class="pp-class-382 pa t30105 l56682 ls858">and </span><span class="pp-class-382 pa t30105 l56683 ls2944">negative </span><span class="pp-class-382 pa t30105 l56684 ls4279">derivative </span><span class="pp-class-382 pa t30105 l56685 ls1073">financial </span><span class="pp-class-382 pa t30105 l56686 ls806">instruments </span><span class="pp-class-382 pa t30105 l56687 ls1080">is </span><span class="pp-class-382 pa t30105 l56688 ls4305">only </span><span class="pp-class-382 pa t30110 l3 ls1321">performed </span><span class="pp-class-382 pa t30110 l56689 ls1080">if </span><span class="pp-class-382 pa t30110 l3898 ls858">the </span><span class="pp-class-382 pa t30110 l56690 ls2784">Group </span><span class="pp-class-382 pa t30110 l56691 ls1080">is </span><span class="pp-class-382 pa t30110 l56692 ls830">entitled </span><span class="pp-class-382 pa t30110 l56693 ls1759">to </span><span class="pp-class-382 pa t30110 l56694 ls858">and </span><span class="pp-class-382 pa t30110 l56695 ls858">has </span><span class="pp-class-382 pa t30110 l56696 ls858">the </span><span class="pp-class-382 pa t30110 l56697 ls1321">intention </span><span class="pp-class-382 pa t30110 l56698 ls1759">to </span><span class="pp-class-382 pa t30110 l56699 ls1244">settle </span><span class="pp-class-382 pa t30110 l56700 ls858">the </span><span class="pp-class-382 pa t30110 l56701 ls4279">derivative </span><span class="pp-class-382 pa t30110 l56702 ls1323">financial </span><span class="pp-class-382 pa t37915 l3 ls806">instruments </span><span class="pp-class-382 pa t37915 l45776 ls1080">as </span><span class="pp-class-382 pa t37915 l56703 ls302">a </span><span class="pp-class-382 pa t37915 l56704 ls1323">net. </span><span class="pp-class-382 pa t37915 l50467 ls1772">Fair </span><span class="pp-class-382 pa t37915 l56705 ls1150">values </span><span class="pp-class-382 pa t37915 l56706 ls103">of </span><span class="pp-class-382 pa t37915 l51422 ls4279">derivative </span><span class="pp-class-382 pa t37915 l56707 ls1073">financial </span><span class="pp-class-382 pa t37915 l56708 ls806">instruments </span><span class="pp-class-382 pa t37915 l56709 ls800">are </span><span class="pp-class-382 pa t37915 l49204 ls296">computed </span><span class="pp-class-382 pa t37915 l56710 ls1080">on </span><span class="pp-class-382 pa t37915 l56711 ls1099">the </span><span class="pp-class-382 pa t37915 l56712 ls1759">basis </span><span class="pp-class-382 pa t37915 l56713 ls134">of </span><span class="pp-class-382 pa t37930 l3 ls852">current </span><span class="pp-class-382 pa t37930 l46050 ls3623">market </span><span class="pp-class-382 pa t37930 l34319 ls852">data </span><span class="pp-class-382 pa t37930 l56714 ls1099">and </span><span class="pp-class-382 pa t37930 l56715 ls4396">generally </span><span class="pp-class-382 pa t37930 l11415 ls2142">accepted </span><span class="pp-class-382 pa t37930 l56716 ls828">valuation </span><span class="pp-class-382 pa t37930 l56717 ls3474">methods.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls1237">Fair </span><span class="pp-class-383 pa t49646 l56718 ls2784">value </span><span class="pp-class-383 pa t49646 l56719 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls1237" xmlns="http://www.w3.org/1999/xhtml">Changes </span><span class="pp-class-382 pa t37943 l46658 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37943 l54608 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37943 l53288 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37943 l56720 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37943 l56721 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37943 l56722 ls1073" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t37943 l56723 ls806" xmlns="http://www.w3.org/1999/xhtml">instruments </span><span class="pp-class-382 pa t37943 l56724 ls803" xmlns="http://www.w3.org/1999/xhtml">designated </span><span class="pp-class-382 pa t37943 l49729 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l47066 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37943 l56725 ls1759" xmlns="http://www.w3.org/1999/xhtml">qualifying </span><span class="pp-class-382 pa t37943 l56726 ls3278" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t37943 l56727 ls2142" xmlns="http://www.w3.org/1999/xhtml">recognition </span><span class="pp-class-382 pa t37943 l56728 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l56729 ls12" xmlns="http://www.w3.org/1999/xhtml">a </span><span class="pp-class-382 pa t37948 l3 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37948 l56730 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37948 l30730 ls1759" xmlns="http://www.w3.org/1999/xhtml">hedge </span><span class="pp-class-382 pa t37948 l56731 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37948 l45792 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56732 ls238" xmlns="http://www.w3.org/1999/xhtml">assets </span><span class="pp-class-382 pa t37948 l56733 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37948 l56734 ls1118" xmlns="http://www.w3.org/1999/xhtml">liabilities </span><span class="pp-class-382 pa t37948 l56735 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t37948 l49728 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56736 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37948 l56737 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37948 l56738 ls2486" xmlns="http://www.w3.org/1999/xhtml">income </span><span class="pp-class-382 pa t37948 l56739 ls1150" xmlns="http://www.w3.org/1999/xhtml">statement </span><span class="pp-class-382 pa t37948 l56740 ls819" xmlns="http://www.w3.org/1999/xhtml">together </span><span class="pp-class-382 pa t37961 l3 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t37961 l10466 ls1237" xmlns="http://www.w3.org/1999/xhtml">changes </span><span class="pp-class-382 pa t37961 l30963 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37961 l38976 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56741 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37961 l56742 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37961 l18570 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l4129 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56743 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t37961 l56744 ls1080" xmlns="http://www.w3.org/1999/xhtml">or </span><span class="pp-class-382 pa t37961 l56745 ls1073" xmlns="http://www.w3.org/1999/xhtml">liability </span><span class="pp-class-382 pa t37961 l56746 ls1759" xmlns="http://www.w3.org/1999/xhtml">based </span><span class="pp-class-382 pa t37961 l56747 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t37961 l56748 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56749 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56750 ls3278" xmlns="http://www.w3.org/1999/xhtml">proportion. </span><span class="pp-class-382 pa t37961 l56751 ls1237">Hedging </span><span class="pp-class-382 pa t37961 l56752 ls134">of </span><span class="pp-class-382 pa t37974 l3 ls1083">future </span><span class="pp-class-382 pa t37974 l34026 ls1323">cash </span><span class="pp-class-382 pa t37974 l33487 ls2784">flows </span><span class="pp-class-382 pa t37974 l56753 ls6007">according </span><span class="pp-class-382 pa t37974 l56754 ls1759">to </span><span class="pp-class-382 pa t37974 l56755 ls6007">agreements </span><span class="pp-class-382 pa t37974 l45145 ls1759">(firm </span><span class="pp-class-382 pa t37974 l56756 ls2489">commitments), </span><span class="pp-class-382 pa t37974 l56757 ls3382">except </span><span class="pp-class-382 pa t37974 l56758 ls3278">for </span><span class="pp-class-382 pa t37974 l56759 ls1463">foreign </span><span class="pp-class-382 pa t37974 l56760 ls3377">currency </span><span class="pp-class-382 pa t37974 l56761 ls1099">hedges, </span><span class="pp-class-382 pa t49077 l3 ls1080">is </span><span class="pp-class-382 pa t49077 l46558 ls3458">treated </span><span class="pp-class-382 pa t49077 l56762 ls1080">as </span><span class="pp-class-382 pa t49077 l56763 ls302">a </span><span class="pp-class-382 pa t49077 l56764 ls3278">fair </span><span class="pp-class-382 pa t49077 l56765 ls1083">value </span><span class="pp-class-382 pa t49077 l56766 ls1759">hedge </span><span class="pp-class-382 pa t49077 l16536 ls103">of </span><span class="pp-class-382 pa t49077 l56767 ls302">a </span><span class="pp-class-382 pa t49077 l56768 ls2970">recognised </span><span class="pp-class-382 pa t49077 l56769 ls296">asset </span><span class="pp-class-382 pa t49077 l36990 ls1099">and </span><span class="pp-class-382 pa t49077 l56770 ls185">liability.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls1323">Cash </span><span class="pp-class-383 pa t37977 l45507 ls2944">flow </span><span class="pp-class-383 pa t37977 l56771 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls103">Changes </span><span class="pp-class-382 pa t36901 l56772 ls2482">in </span><span class="pp-class-382 pa t36901 l56773 ls1955">the </span><span class="pp-class-382 pa t36901 l250 ls276">fair </span><span class="pp-class-382 pa t36901 l56774 ls5039">value </span><span class="pp-class-382 pa t36901 l56775 ls2835">of </span><span class="pp-class-382 pa t36901 l18339 ls3572">financial </span><span class="pp-class-382 pa t36901 l56776 ls56">instruments </span><span class="pp-class-382 pa t36901 l56777 ls1319">designated </span><span class="pp-class-382 pa t36901 l56778 ls2482">as </span><span class="pp-class-382 pa t36901 l46236 ls1955">and </span><span class="pp-class-382 pa t36901 l56779 ls85">qualifying </span><span class="pp-class-382 pa t36901 l56780 ls1237">for </span><span class="pp-class-382 pa t36901 l56781 ls1344">cash </span><span class="pp-class-382 pa t36901 l56782 ls1772">flow </span><span class="pp-class-382 pa t36901 l56783 ls1955">hedging </span><span class="pp-class-382 pa t36903 l3 ls1955">and </span><span class="pp-class-382 pa t36903 l56784 ls1080">which </span><span class="pp-class-382 pa t36903 l10920 ls2760">effectively </span><span class="pp-class-382 pa t36903 l56785 ls1080">hedge </span><span class="pp-class-382 pa t36903 l56786 ls103">changes </span><span class="pp-class-382 pa t36903 l17115 ls2482">in </span><span class="pp-class-382 pa t36903 l56787 ls2113">future </span><span class="pp-class-382 pa t36903 l56788 ls1344">cash </span><span class="pp-class-382 pa t36903 l56789 ls2113">flows, </span><span class="pp-class-382 pa t36903 l56790 ls1974">are </span><span class="pp-class-382 pa t36903 l56791 ls3474">recognised </span><span class="pp-class-382 pa t36903 l56792 ls2482">in </span><span class="pp-class-382 pa t36903 l56793 ls58">other </span><span class="pp-class-382 pa t36903 l56794 ls1772">comprehensive </span><span class="pp-class-382 pa t36916 l3 ls869">income. </span><span class="pp-class-382 pa t36916 l31834 ls1955">The </span><span class="pp-class-382 pa t36916 l56795 ls3566">change </span><span class="pp-class-382 pa t36916 l16336 ls2482">in </span><span class="pp-class-382 pa t36916 l56796 ls276">fair </span><span class="pp-class-382 pa t36916 l53013 ls5039">value </span><span class="pp-class-382 pa t36916 l56797 ls4275">that </span><span class="pp-class-382 pa t36916 l53348 ls4305">relates </span><span class="pp-class-382 pa t36916 l56798 ls103">to </span><span class="pp-class-382 pa t36916 l56799 ls1955">the </span><span class="pp-class-382 pa t36916 l56800 ls2088">effective </span><span class="pp-class-382 pa t36916 l45826 ls658">portion </span><span class="pp-class-382 pa t36916 l56801 ls2835">of </span><span class="pp-class-382 pa t36916 l56802 ls1955">the </span><span class="pp-class-382 pa t36916 l54629 ls1344">cash </span><span class="pp-class-382 pa t36916 l56803 ls1772">flow </span><span class="pp-class-382 pa t36916 l56804 ls1080">hedge </span><span class="pp-class-382 pa t36916 l56805 ls254">is </span><span class="pp-class-382 pa t36920 l3 ls3474">recognised </span><span class="pp-class-382 pa t36920 l56806 ls2482">as </span><span class="pp-class-382 pa t36920 l16615 ls16">a </span><span class="pp-class-382 pa t36920 l56690 ls1974">separate </span><span class="pp-class-382 pa t36920 l56807 ls3566">equity </span><span class="pp-class-382 pa t36920 l56808 ls728">reserve </span><span class="pp-class-382 pa t36920 l56809 ls1110">until </span><span class="pp-class-382 pa t36920 l56810 ls1955">the </span><span class="pp-class-382 pa t36920 l56811 ls3566">hedged </span><span class="pp-class-382 pa t36920 l51591 ls1344">cash </span><span class="pp-class-382 pa t36920 l56812 ls1772">flow </span><span class="pp-class-382 pa t36920 l56813 ls1118">impacts </span><span class="pp-class-382 pa t36920 l56814 ls1955">the </span><span class="pp-class-382 pa t36920 l56815 ls3566">income </span><span class="pp-class-382 pa t36920 l56816 ls276">statement. </span><span class="pp-class-382 pa t36928 l3 ls2769">At </span><span class="pp-class-382 pa t36928 l56817 ls1344">this </span><span class="pp-class-382 pa t36928 l56818 ls1110">point </span><span class="pp-class-382 pa t36928 l17453 ls2482">in </span><span class="pp-class-382 pa t36928 l44018 ls1344">time </span><span class="pp-class-382 pa t36928 l50753 ls1955">the </span><span class="pp-class-382 pa t36928 l56819 ls4305">related </span><span class="pp-class-382 pa t36928 l56820 ls1080">gains </span><span class="pp-class-382 pa t36928 l56821 ls2482">or </span><span class="pp-class-382 pa t36928 l56822 ls3566">losses </span><span class="pp-class-382 pa t36928 l56823 ls7096">previously </span><span class="pp-class-382 pa t36928 l56824 ls3474">recognised </span><span class="pp-class-382 pa t36928 l56825 ls2482">in </span><span class="pp-class-382 pa t36928 l56826 ls58">other </span><span class="pp-class-382 pa t36928 l56827 ls2113">comprehensive </span><span class="pp-class-382 pa t36928 l56828 ls2835">income </span><span class="pp-class-382 pa t38016 l3 ls1974">are </span><span class="pp-class-382 pa t38016 l56829 ls6007">transferred </span><span class="pp-class-382 pa t38016 l56830 ls103">to </span><span class="pp-class-382 pa t38016 l32572 ls1955">the </span><span class="pp-class-382 pa t38016 l52521 ls3566">income </span><span class="pp-class-382 pa t38016 l56831 ls3278">statement </span><span class="pp-class-382 pa t38016 l56832 ls1323">into </span><span class="pp-class-382 pa t38016 l56833 ls1955">the </span><span class="pp-class-382 pa t38016 l13649 ls1344">same </span><span class="pp-class-382 pa t38016 l56834 ls1344">line </span><span class="pp-class-382 pa t38016 l56835 ls1123">item </span><span class="pp-class-382 pa t38016 l56836 ls2482">as </span><span class="pp-class-382 pa t38016 l56837 ls1955">the </span><span class="pp-class-382 pa t38016 l56838 ls3566">hedged </span><span class="pp-class-382 pa t38016 l56839 ls1123">item </span><span class="pp-class-382 pa t38016 l56840 ls2482">is </span><span class="pp-class-382 pa t38016 l56841 ls1305">recognised. </span><span class="pp-class-382 pa t49235 l3 ls14073">However, </span><span class="pp-class-382 pa t49235 l56842 ls1344">when </span><span class="pp-class-382 pa t49235 l56843 ls1955">the </span><span class="pp-class-382 pa t49235 l30618 ls3105">forecast </span><span class="pp-class-382 pa t49235 l51090 ls2088">transaction </span><span class="pp-class-382 pa t49235 l56844 ls4275">that </span><span class="pp-class-382 pa t49235 l36927 ls2482">is </span><span class="pp-class-382 pa t49235 l56845 ls3566">hedged </span><span class="pp-class-382 pa t49235 l56846 ls8853">results </span><span class="pp-class-382 pa t49235 l56847 ls2482">in </span><span class="pp-class-382 pa t49235 l56848 ls1955">the </span><span class="pp-class-382 pa t49235 l56849 ls296">recognition </span><span class="pp-class-382 pa t49235 l56850 ls2835">of </span><span class="pp-class-382 pa t49235 l53021 ls16">a </span><span class="pp-class-382 pa t49235 l56851 ls1065">non-financial </span><span class="pp-class-382 pa t38021 l3 ls3566">asset, </span><span class="pp-class-382 pa t38021 l38025 ls1955">the </span><span class="pp-class-382 pa t38021 l56852 ls1080">gains </span><span class="pp-class-382 pa t38021 l56853 ls2482">or </span><span class="pp-class-382 pa t38021 l56854 ls3566">losses </span><span class="pp-class-382 pa t38021 l14180 ls7096">previously </span><span class="pp-class-382 pa t38021 l56855 ls3474">recognised </span><span class="pp-class-382 pa t38021 l56856 ls2482">in </span><span class="pp-class-382 pa t38021 l56857 ls58">other </span><span class="pp-class-382 pa t38021 l56858 ls2113">comprehensive </span><span class="pp-class-382 pa t38021 l56859 ls3566">income </span><span class="pp-class-382 pa t38021 l56860 ls1974">are </span><span class="pp-class-382 pa t38021 l25310 ls6007">transferred </span><span class="pp-class-382 pa t38021 l56861 ls1772">from </span><span class="pp-class-382 pa t38024 l3 ls3566">equity </span><span class="pp-class-382 pa t38024 l45246 ls1955">and </span><span class="pp-class-382 pa t38024 l53339 ls99">included </span><span class="pp-class-382 pa t38024 l56862 ls2482">in </span><span class="pp-class-382 pa t38024 l16248 ls1955">the </span><span class="pp-class-382 pa t38024 l56863 ls103">initial </span><span class="pp-class-382 pa t38024 l56864 ls4275">measurement </span><span class="pp-class-382 pa t38024 l56865 ls2835">of </span><span class="pp-class-382 pa t38024 l56866 ls1955">the </span><span class="pp-class-382 pa t38024 l56867 ls1344">cost </span><span class="pp-class-382 pa t38024 l56868 ls2835">of </span><span class="pp-class-382 pa t38024 l56869 ls1955">the </span><span class="pp-class-382 pa t38024 l56870 ls3566">non-financial </span><span class="pp-class-382 pa t38024 l56871 ls3566">asset. </span><span class="pp-class-382 pa t38024 l56872 ls1077">For </span><span class="pp-class-382 pa t38024 l56873 ls6360">derivative </span><span class="pp-class-382 pa t38039 l3 ls3572">financial </span><span class="pp-class-382 pa t38039 l56874 ls56">instruments </span><span class="pp-class-382 pa t38039 l56875 ls4275">that </span><span class="pp-class-382 pa t38039 l56876 ls2482">no </span><span class="pp-class-382 pa t38039 l56877 ls3566">longer </span><span class="pp-class-382 pa t38039 l56878 ls214">qualify </span><span class="pp-class-382 pa t38039 l35069 ls1237">for </span><span class="pp-class-382 pa t38039 l56879 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56880 ls187">accounting, </span><span class="pp-class-382 pa t38039 l55935 ls1955">the </span><span class="pp-class-382 pa t38039 l56881 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56882 ls2482">is </span><span class="pp-class-382 pa t38039 l56883 ls2854">dissolved </span><span class="pp-class-382 pa t49735 l3 ls10900">prospectively. </span><span class="pp-class-382 pa t49735 l56884 ls1955">The </span><span class="pp-class-382 pa t49735 l56885 ls1772">accumulated </span><span class="pp-class-382 pa t49735 l56886 ls276">fair </span><span class="pp-class-382 pa t49735 l56887 ls5039">value </span><span class="pp-class-382 pa t49735 l56888 ls2482">in </span><span class="pp-class-382 pa t49735 l56889 ls3566">equity </span><span class="pp-class-382 pa t49735 l56890 ls2482">is </span><span class="pp-class-382 pa t49735 l56891 ls2127">immediately </span><span class="pp-class-382 pa t49735 l56892 ls6007">transferred </span><span class="pp-class-382 pa t49735 l56893 ls103">to </span><span class="pp-class-382 pa t49735 l56894 ls1955">the </span><span class="pp-class-382 pa t49735 l56895 ls2835">income </span><span class="pp-class-382 pa t49748 l3 ls3278">statement </span><span class="pp-class-382 pa t49748 l56896 ls1323">into </span><span class="pp-class-382 pa t49748 l56897 ls1955">the </span><span class="pp-class-382 pa t49748 l56898 ls1344">same </span><span class="pp-class-382 pa t49748 l32537 ls1344">line </span><span class="pp-class-382 pa t49748 l56899 ls1123">item </span><span class="pp-class-382 pa t49748 l56900 ls2482">as </span><span class="pp-class-382 pa t49748 l56901 ls1955">the </span><span class="pp-class-382 pa t49748 l56902 ls3566">hedged </span><span class="pp-class-382 pa t49748 l56903 ls1123">item </span><span class="pp-class-382 pa t49748 l47460 ls2482">is </span><span class="pp-class-382 pa t49748 l56904 ls3474">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t51196 l3 ls1759">Other </span><span class="pp-class-383 pa t51196 l49181 ls1126">financial </span><span class="pp-class-383 pa t51196 l56905 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1772">For </span><span class="pp-class-382 pa t49777 l44017 ls1073">financial </span><span class="pp-class-382 pa t49777 l56906 ls806">instruments </span><span class="pp-class-382 pa t49777 l56907 ls6360">that </span><span class="pp-class-382 pa t49777 l56908 ls1080">do </span><span class="pp-class-382 pa t49777 l56909 ls830">not </span><span class="pp-class-382 pa t49777 l56910 ls2842">fulfil </span><span class="pp-class-382 pa t49777 l56911 ls858">the </span><span class="pp-class-382 pa t49777 l56912 ls2688">requirements </span><span class="pp-class-382 pa t49777 l56913 ls103">of </span><span class="pp-class-382 pa t49777 l56914 ls1759">being </span><span class="pp-class-382 pa t49777 l56915 ls3458">treated </span><span class="pp-class-382 pa t49777 l56916 ls1080">as </span><span class="pp-class-382 pa t49777 l56917 ls1759">hedge </span><span class="pp-class-382 pa t49777 l56918 ls1941">instruments, </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1237">changes </span><span class="pp-class-382 pa t49792 l56919 ls1080">in </span><span class="pp-class-382 pa t49792 l29583 ls3278">fair </span><span class="pp-class-382 pa t49792 l56920 ls1083">value </span><span class="pp-class-382 pa t49792 l56921 ls800">are </span><span class="pp-class-382 pa t49792 l56922 ls2970">recognised </span><span class="pp-class-382 pa t49792 l56923 ls1080">in </span><span class="pp-class-382 pa t49792 l34249 ls858">the </span><span class="pp-class-382 pa t49792 l2583 ls2486">Income </span><span class="pp-class-382 pa t49792 l56924 ls1150">statement </span><span class="pp-class-382 pa t49792 l56925 ls1080">as </span><span class="pp-class-382 pa t49792 l56926 ls1073">financial </span><span class="pp-class-382 pa t49792 l56927 ls2486">income </span><span class="pp-class-382 pa t49792 l56928 ls858">and </span><span class="pp-class-382 pa t49792 l56929 ls1733">cost.</span></p></div></div></div></div></div> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l3">Securities, </span><span class="pp-class-372 pa t3097 l3250">financial </span><span class="pp-class-372 pa t3097 l56581 ls72">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l46316">-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l48723">-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3097 l42568">2</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56582 l29575">financial </span><span class="pp-class-372 pa t56582 l56580">liabilities</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l46316">-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l56583 ls2835">143</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56582 l42371">-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l3 ls813">Net </span><span class="pp-class-373 pa t56584 l43299 ls2220">asset/(liability)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l56585">0</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l55925">22</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56584 l47088">2</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l46191"/></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l48692"/></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56586 l46689">2023 </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56575 ls1323">Level </span><span class="pp-class-373 pa t56587 l56576">1</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56577 ls1323">Level </span><span class="pp-class-373 pa t56587 l52866">2</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56587 l56578 ls1323">Level </span><span class="pp-class-373 pa t56587 l56579">3</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56588 l29575">financial </span><span class="pp-class-372 pa t56588 l56580 ls72">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l46316">-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l56589 ls18759">175</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56588 l42371">-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l3">Securities, </span><span class="pp-class-372 pa t56590 l3250">financial </span><span class="pp-class-372 pa t56590 l56581 ls72">assets</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l46316">-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l48723">-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56590 l42568">2</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l3 ls860">Derivatives, </span><span class="pp-class-372 pa t56591 l29575">financial </span><span class="pp-class-372 pa t56591 l56580">liabilities</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l46316">-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l53310">95</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56591 l42371">-</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l3 ls813">Net </span><span class="pp-class-373 pa t56592 l43299 ls2220">asset/(liability)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l56585">0</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l50646">80</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56592 l47088">2</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t56593 l3 ls4279">Derivative </span><span class="pp-class-382 pa t56593 l56594 ls1073">financial </span><span class="pp-class-382 pa t56593 l56595 ls238">assets </span><span class="pp-class-382 pa t56593 l18559 ls858">and </span><span class="pp-class-382 pa t56593 l10072 ls1118">liabilities </span><span class="pp-class-382 pa t56593 l56596 ls800">are </span><span class="pp-class-382 pa t56593 l47575 ls1099">all </span><span class="pp-class-382 pa t56593 l56597 ls8853">measured </span><span class="pp-class-382 pa t56593 l56598 ls1083">at </span><span class="pp-class-382 pa t56593 l51636 ls646">level </span><span class="pp-class-382 pa t56593 l56599 ls1080">2. </span><span class="pp-class-382 pa t56593 l49802 ls2944">Reference </span><span class="pp-class-382 pa t56593 l56600 ls1080">is </span><span class="pp-class-382 pa t56593 l56601 ls1772">made </span><span class="pp-class-382 pa t56593 l56602 ls1759">to </span><span class="pp-class-382 pa t56593 l56603 ls1859">note </span><span class="pp-class-382 pa t56593 l44351 ls1099">4.1 </span><span class="pp-class-382 pa t56593 l56604 ls99">for </span><span class="pp-class-382 pa t56605 l3 ls4275">description </span><span class="pp-class-382 pa t56605 l747 ls103">of </span><span class="pp-class-382 pa t56605 l5854 ls858">the </span><span class="pp-class-382 pa t56605 l56606 ls828">valuation </span><span class="pp-class-382 pa t56605 l56607 ls238">method.</span></p> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2138">Derivative </span><span class="pp-class-383 pa t30083 l56648 ls1126">financial </span><span class="pp-class-383 pa t30083 l47429 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4279">Derivative </span><span class="pp-class-382 pa t30087 l56594 ls1073">financial </span><span class="pp-class-382 pa t30087 l56595 ls806">instruments </span><span class="pp-class-382 pa t30087 l56649 ls800">are </span><span class="pp-class-382 pa t30087 l56650 ls8853">measured </span><span class="pp-class-382 pa t30087 l55437 ls1080">in </span><span class="pp-class-382 pa t30087 l56651 ls1099">the </span><span class="pp-class-382 pa t30087 l56652 ls1237">balance </span><span class="pp-class-382 pa t30087 l56653 ls296">sheet </span><span class="pp-class-382 pa t30087 l56654 ls1083">at </span><span class="pp-class-382 pa t30087 l56655 ls3278">fair </span><span class="pp-class-382 pa t30087 l56656 ls1083">value </span><span class="pp-class-382 pa t30087 l56657 ls1080">as </span><span class="pp-class-382 pa t30087 l54792 ls1243">from </span><span class="pp-class-382 pa t30087 l56658 ls858">the </span><span class="pp-class-382 pa t30087 l56659 ls1859">date </span><span class="pp-class-382 pa t30093 l3 ls2784">where </span><span class="pp-class-382 pa t30093 l3267 ls858">the </span><span class="pp-class-382 pa t30093 l13688 ls4279">derivative </span><span class="pp-class-382 pa t30093 l56660 ls1073">financial </span><span class="pp-class-382 pa t30093 l56661 ls806">instrument </span><span class="pp-class-382 pa t30093 l56662 ls1080">is </span><span class="pp-class-382 pa t30093 l56663 ls3474">concluded. </span><span class="pp-class-382 pa t30093 l56664 ls1099">The </span><span class="pp-class-382 pa t30093 l56665 ls3278">fair </span><span class="pp-class-382 pa t30093 l37923 ls1150">values </span><span class="pp-class-382 pa t30093 l56666 ls103">of </span><span class="pp-class-382 pa t30093 l56667 ls7694">derivatives </span><span class="pp-class-382 pa t30093 l56668 ls1323">financial </span><span class="pp-class-382 pa t30098 l3 ls806">instruments </span><span class="pp-class-382 pa t30098 l45776 ls800">are </span><span class="pp-class-382 pa t30098 l24500 ls852">presented </span><span class="pp-class-382 pa t30098 l3195 ls1080">as </span><span class="pp-class-382 pa t30098 l56669 ls4279">derivative </span><span class="pp-class-382 pa t30098 l56670 ls1073">financial </span><span class="pp-class-382 pa t30098 l56671 ls806">instruments </span><span class="pp-class-382 pa t30098 l56672 ls1759">under </span><span class="pp-class-382 pa t30098 l56673 ls238">assets </span><span class="pp-class-382 pa t30098 l56674 ls1080">if </span><span class="pp-class-382 pa t30098 l56675 ls2088">positive </span><span class="pp-class-382 pa t30098 l56676 ls1080">or </span><span class="pp-class-382 pa t30098 l56677 ls1080">under </span><span class="pp-class-382 pa t30105 l3 ls1118">liabilities </span><span class="pp-class-382 pa t30105 l44406 ls1080">if </span><span class="pp-class-382 pa t30105 l56678 ls1463">negative. </span><span class="pp-class-382 pa t30105 l56679 ls960">Netting </span><span class="pp-class-382 pa t30105 l56680 ls103">of </span><span class="pp-class-382 pa t30105 l56681 ls2088">positive </span><span class="pp-class-382 pa t30105 l56682 ls858">and </span><span class="pp-class-382 pa t30105 l56683 ls2944">negative </span><span class="pp-class-382 pa t30105 l56684 ls4279">derivative </span><span class="pp-class-382 pa t30105 l56685 ls1073">financial </span><span class="pp-class-382 pa t30105 l56686 ls806">instruments </span><span class="pp-class-382 pa t30105 l56687 ls1080">is </span><span class="pp-class-382 pa t30105 l56688 ls4305">only </span><span class="pp-class-382 pa t30110 l3 ls1321">performed </span><span class="pp-class-382 pa t30110 l56689 ls1080">if </span><span class="pp-class-382 pa t30110 l3898 ls858">the </span><span class="pp-class-382 pa t30110 l56690 ls2784">Group </span><span class="pp-class-382 pa t30110 l56691 ls1080">is </span><span class="pp-class-382 pa t30110 l56692 ls830">entitled </span><span class="pp-class-382 pa t30110 l56693 ls1759">to </span><span class="pp-class-382 pa t30110 l56694 ls858">and </span><span class="pp-class-382 pa t30110 l56695 ls858">has </span><span class="pp-class-382 pa t30110 l56696 ls858">the </span><span class="pp-class-382 pa t30110 l56697 ls1321">intention </span><span class="pp-class-382 pa t30110 l56698 ls1759">to </span><span class="pp-class-382 pa t30110 l56699 ls1244">settle </span><span class="pp-class-382 pa t30110 l56700 ls858">the </span><span class="pp-class-382 pa t30110 l56701 ls4279">derivative </span><span class="pp-class-382 pa t30110 l56702 ls1323">financial </span><span class="pp-class-382 pa t37915 l3 ls806">instruments </span><span class="pp-class-382 pa t37915 l45776 ls1080">as </span><span class="pp-class-382 pa t37915 l56703 ls302">a </span><span class="pp-class-382 pa t37915 l56704 ls1323">net. </span><span class="pp-class-382 pa t37915 l50467 ls1772">Fair </span><span class="pp-class-382 pa t37915 l56705 ls1150">values </span><span class="pp-class-382 pa t37915 l56706 ls103">of </span><span class="pp-class-382 pa t37915 l51422 ls4279">derivative </span><span class="pp-class-382 pa t37915 l56707 ls1073">financial </span><span class="pp-class-382 pa t37915 l56708 ls806">instruments </span><span class="pp-class-382 pa t37915 l56709 ls800">are </span><span class="pp-class-382 pa t37915 l49204 ls296">computed </span><span class="pp-class-382 pa t37915 l56710 ls1080">on </span><span class="pp-class-382 pa t37915 l56711 ls1099">the </span><span class="pp-class-382 pa t37915 l56712 ls1759">basis </span><span class="pp-class-382 pa t37915 l56713 ls134">of </span><span class="pp-class-382 pa t37930 l3 ls852">current </span><span class="pp-class-382 pa t37930 l46050 ls3623">market </span><span class="pp-class-382 pa t37930 l34319 ls852">data </span><span class="pp-class-382 pa t37930 l56714 ls1099">and </span><span class="pp-class-382 pa t37930 l56715 ls4396">generally </span><span class="pp-class-382 pa t37930 l11415 ls2142">accepted </span><span class="pp-class-382 pa t37930 l56716 ls828">valuation </span><span class="pp-class-382 pa t37930 l56717 ls3474">methods.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls1237">Fair </span><span class="pp-class-383 pa t49646 l56718 ls2784">value </span><span class="pp-class-383 pa t49646 l56719 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls1237" xmlns="http://www.w3.org/1999/xhtml">Changes </span><span class="pp-class-382 pa t37943 l46658 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37943 l54608 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37943 l53288 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37943 l56720 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37943 l56721 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37943 l56722 ls1073" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t37943 l56723 ls806" xmlns="http://www.w3.org/1999/xhtml">instruments </span><span class="pp-class-382 pa t37943 l56724 ls803" xmlns="http://www.w3.org/1999/xhtml">designated </span><span class="pp-class-382 pa t37943 l49729 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l47066 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37943 l56725 ls1759" xmlns="http://www.w3.org/1999/xhtml">qualifying </span><span class="pp-class-382 pa t37943 l56726 ls3278" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t37943 l56727 ls2142" xmlns="http://www.w3.org/1999/xhtml">recognition </span><span class="pp-class-382 pa t37943 l56728 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l56729 ls12" xmlns="http://www.w3.org/1999/xhtml">a </span><span class="pp-class-382 pa t37948 l3 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37948 l56730 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37948 l30730 ls1759" xmlns="http://www.w3.org/1999/xhtml">hedge </span><span class="pp-class-382 pa t37948 l56731 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37948 l45792 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56732 ls238" xmlns="http://www.w3.org/1999/xhtml">assets </span><span class="pp-class-382 pa t37948 l56733 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37948 l56734 ls1118" xmlns="http://www.w3.org/1999/xhtml">liabilities </span><span class="pp-class-382 pa t37948 l56735 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t37948 l49728 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56736 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37948 l56737 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37948 l56738 ls2486" xmlns="http://www.w3.org/1999/xhtml">income </span><span class="pp-class-382 pa t37948 l56739 ls1150" xmlns="http://www.w3.org/1999/xhtml">statement </span><span class="pp-class-382 pa t37948 l56740 ls819" xmlns="http://www.w3.org/1999/xhtml">together </span><span class="pp-class-382 pa t37961 l3 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t37961 l10466 ls1237" xmlns="http://www.w3.org/1999/xhtml">changes </span><span class="pp-class-382 pa t37961 l30963 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37961 l38976 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56741 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37961 l56742 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37961 l18570 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l4129 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56743 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t37961 l56744 ls1080" xmlns="http://www.w3.org/1999/xhtml">or </span><span class="pp-class-382 pa t37961 l56745 ls1073" xmlns="http://www.w3.org/1999/xhtml">liability </span><span class="pp-class-382 pa t37961 l56746 ls1759" xmlns="http://www.w3.org/1999/xhtml">based </span><span class="pp-class-382 pa t37961 l56747 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t37961 l56748 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56749 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56750 ls3278" xmlns="http://www.w3.org/1999/xhtml">proportion. </span><span class="pp-class-382 pa t37961 l56751 ls1237">Hedging </span><span class="pp-class-382 pa t37961 l56752 ls134">of </span><span class="pp-class-382 pa t37974 l3 ls1083">future </span><span class="pp-class-382 pa t37974 l34026 ls1323">cash </span><span class="pp-class-382 pa t37974 l33487 ls2784">flows </span><span class="pp-class-382 pa t37974 l56753 ls6007">according </span><span class="pp-class-382 pa t37974 l56754 ls1759">to </span><span class="pp-class-382 pa t37974 l56755 ls6007">agreements </span><span class="pp-class-382 pa t37974 l45145 ls1759">(firm </span><span class="pp-class-382 pa t37974 l56756 ls2489">commitments), </span><span class="pp-class-382 pa t37974 l56757 ls3382">except </span><span class="pp-class-382 pa t37974 l56758 ls3278">for </span><span class="pp-class-382 pa t37974 l56759 ls1463">foreign </span><span class="pp-class-382 pa t37974 l56760 ls3377">currency </span><span class="pp-class-382 pa t37974 l56761 ls1099">hedges, </span><span class="pp-class-382 pa t49077 l3 ls1080">is </span><span class="pp-class-382 pa t49077 l46558 ls3458">treated </span><span class="pp-class-382 pa t49077 l56762 ls1080">as </span><span class="pp-class-382 pa t49077 l56763 ls302">a </span><span class="pp-class-382 pa t49077 l56764 ls3278">fair </span><span class="pp-class-382 pa t49077 l56765 ls1083">value </span><span class="pp-class-382 pa t49077 l56766 ls1759">hedge </span><span class="pp-class-382 pa t49077 l16536 ls103">of </span><span class="pp-class-382 pa t49077 l56767 ls302">a </span><span class="pp-class-382 pa t49077 l56768 ls2970">recognised </span><span class="pp-class-382 pa t49077 l56769 ls296">asset </span><span class="pp-class-382 pa t49077 l36990 ls1099">and </span><span class="pp-class-382 pa t49077 l56770 ls185">liability.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls1323">Cash </span><span class="pp-class-383 pa t37977 l45507 ls2944">flow </span><span class="pp-class-383 pa t37977 l56771 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls103">Changes </span><span class="pp-class-382 pa t36901 l56772 ls2482">in </span><span class="pp-class-382 pa t36901 l56773 ls1955">the </span><span class="pp-class-382 pa t36901 l250 ls276">fair </span><span class="pp-class-382 pa t36901 l56774 ls5039">value </span><span class="pp-class-382 pa t36901 l56775 ls2835">of </span><span class="pp-class-382 pa t36901 l18339 ls3572">financial </span><span class="pp-class-382 pa t36901 l56776 ls56">instruments </span><span class="pp-class-382 pa t36901 l56777 ls1319">designated </span><span class="pp-class-382 pa t36901 l56778 ls2482">as </span><span class="pp-class-382 pa t36901 l46236 ls1955">and </span><span class="pp-class-382 pa t36901 l56779 ls85">qualifying </span><span class="pp-class-382 pa t36901 l56780 ls1237">for </span><span class="pp-class-382 pa t36901 l56781 ls1344">cash </span><span class="pp-class-382 pa t36901 l56782 ls1772">flow </span><span class="pp-class-382 pa t36901 l56783 ls1955">hedging </span><span class="pp-class-382 pa t36903 l3 ls1955">and </span><span class="pp-class-382 pa t36903 l56784 ls1080">which </span><span class="pp-class-382 pa t36903 l10920 ls2760">effectively </span><span class="pp-class-382 pa t36903 l56785 ls1080">hedge </span><span class="pp-class-382 pa t36903 l56786 ls103">changes </span><span class="pp-class-382 pa t36903 l17115 ls2482">in </span><span class="pp-class-382 pa t36903 l56787 ls2113">future </span><span class="pp-class-382 pa t36903 l56788 ls1344">cash </span><span class="pp-class-382 pa t36903 l56789 ls2113">flows, </span><span class="pp-class-382 pa t36903 l56790 ls1974">are </span><span class="pp-class-382 pa t36903 l56791 ls3474">recognised </span><span class="pp-class-382 pa t36903 l56792 ls2482">in </span><span class="pp-class-382 pa t36903 l56793 ls58">other </span><span class="pp-class-382 pa t36903 l56794 ls1772">comprehensive </span><span class="pp-class-382 pa t36916 l3 ls869">income. </span><span class="pp-class-382 pa t36916 l31834 ls1955">The </span><span class="pp-class-382 pa t36916 l56795 ls3566">change </span><span class="pp-class-382 pa t36916 l16336 ls2482">in </span><span class="pp-class-382 pa t36916 l56796 ls276">fair </span><span class="pp-class-382 pa t36916 l53013 ls5039">value </span><span class="pp-class-382 pa t36916 l56797 ls4275">that </span><span class="pp-class-382 pa t36916 l53348 ls4305">relates </span><span class="pp-class-382 pa t36916 l56798 ls103">to </span><span class="pp-class-382 pa t36916 l56799 ls1955">the </span><span class="pp-class-382 pa t36916 l56800 ls2088">effective </span><span class="pp-class-382 pa t36916 l45826 ls658">portion </span><span class="pp-class-382 pa t36916 l56801 ls2835">of </span><span class="pp-class-382 pa t36916 l56802 ls1955">the </span><span class="pp-class-382 pa t36916 l54629 ls1344">cash </span><span class="pp-class-382 pa t36916 l56803 ls1772">flow </span><span class="pp-class-382 pa t36916 l56804 ls1080">hedge </span><span class="pp-class-382 pa t36916 l56805 ls254">is </span><span class="pp-class-382 pa t36920 l3 ls3474">recognised </span><span class="pp-class-382 pa t36920 l56806 ls2482">as </span><span class="pp-class-382 pa t36920 l16615 ls16">a </span><span class="pp-class-382 pa t36920 l56690 ls1974">separate </span><span class="pp-class-382 pa t36920 l56807 ls3566">equity </span><span class="pp-class-382 pa t36920 l56808 ls728">reserve </span><span class="pp-class-382 pa t36920 l56809 ls1110">until </span><span class="pp-class-382 pa t36920 l56810 ls1955">the </span><span class="pp-class-382 pa t36920 l56811 ls3566">hedged </span><span class="pp-class-382 pa t36920 l51591 ls1344">cash </span><span class="pp-class-382 pa t36920 l56812 ls1772">flow </span><span class="pp-class-382 pa t36920 l56813 ls1118">impacts </span><span class="pp-class-382 pa t36920 l56814 ls1955">the </span><span class="pp-class-382 pa t36920 l56815 ls3566">income </span><span class="pp-class-382 pa t36920 l56816 ls276">statement. </span><span class="pp-class-382 pa t36928 l3 ls2769">At </span><span class="pp-class-382 pa t36928 l56817 ls1344">this </span><span class="pp-class-382 pa t36928 l56818 ls1110">point </span><span class="pp-class-382 pa t36928 l17453 ls2482">in </span><span class="pp-class-382 pa t36928 l44018 ls1344">time </span><span class="pp-class-382 pa t36928 l50753 ls1955">the </span><span class="pp-class-382 pa t36928 l56819 ls4305">related </span><span class="pp-class-382 pa t36928 l56820 ls1080">gains </span><span class="pp-class-382 pa t36928 l56821 ls2482">or </span><span class="pp-class-382 pa t36928 l56822 ls3566">losses </span><span class="pp-class-382 pa t36928 l56823 ls7096">previously </span><span class="pp-class-382 pa t36928 l56824 ls3474">recognised </span><span class="pp-class-382 pa t36928 l56825 ls2482">in </span><span class="pp-class-382 pa t36928 l56826 ls58">other </span><span class="pp-class-382 pa t36928 l56827 ls2113">comprehensive </span><span class="pp-class-382 pa t36928 l56828 ls2835">income </span><span class="pp-class-382 pa t38016 l3 ls1974">are </span><span class="pp-class-382 pa t38016 l56829 ls6007">transferred </span><span class="pp-class-382 pa t38016 l56830 ls103">to </span><span class="pp-class-382 pa t38016 l32572 ls1955">the </span><span class="pp-class-382 pa t38016 l52521 ls3566">income </span><span class="pp-class-382 pa t38016 l56831 ls3278">statement </span><span class="pp-class-382 pa t38016 l56832 ls1323">into </span><span class="pp-class-382 pa t38016 l56833 ls1955">the </span><span class="pp-class-382 pa t38016 l13649 ls1344">same </span><span class="pp-class-382 pa t38016 l56834 ls1344">line </span><span class="pp-class-382 pa t38016 l56835 ls1123">item </span><span class="pp-class-382 pa t38016 l56836 ls2482">as </span><span class="pp-class-382 pa t38016 l56837 ls1955">the </span><span class="pp-class-382 pa t38016 l56838 ls3566">hedged </span><span class="pp-class-382 pa t38016 l56839 ls1123">item </span><span class="pp-class-382 pa t38016 l56840 ls2482">is </span><span class="pp-class-382 pa t38016 l56841 ls1305">recognised. </span><span class="pp-class-382 pa t49235 l3 ls14073">However, </span><span class="pp-class-382 pa t49235 l56842 ls1344">when </span><span class="pp-class-382 pa t49235 l56843 ls1955">the </span><span class="pp-class-382 pa t49235 l30618 ls3105">forecast </span><span class="pp-class-382 pa t49235 l51090 ls2088">transaction </span><span class="pp-class-382 pa t49235 l56844 ls4275">that </span><span class="pp-class-382 pa t49235 l36927 ls2482">is </span><span class="pp-class-382 pa t49235 l56845 ls3566">hedged </span><span class="pp-class-382 pa t49235 l56846 ls8853">results </span><span class="pp-class-382 pa t49235 l56847 ls2482">in </span><span class="pp-class-382 pa t49235 l56848 ls1955">the </span><span class="pp-class-382 pa t49235 l56849 ls296">recognition </span><span class="pp-class-382 pa t49235 l56850 ls2835">of </span><span class="pp-class-382 pa t49235 l53021 ls16">a </span><span class="pp-class-382 pa t49235 l56851 ls1065">non-financial </span><span class="pp-class-382 pa t38021 l3 ls3566">asset, </span><span class="pp-class-382 pa t38021 l38025 ls1955">the </span><span class="pp-class-382 pa t38021 l56852 ls1080">gains </span><span class="pp-class-382 pa t38021 l56853 ls2482">or </span><span class="pp-class-382 pa t38021 l56854 ls3566">losses </span><span class="pp-class-382 pa t38021 l14180 ls7096">previously </span><span class="pp-class-382 pa t38021 l56855 ls3474">recognised </span><span class="pp-class-382 pa t38021 l56856 ls2482">in </span><span class="pp-class-382 pa t38021 l56857 ls58">other </span><span class="pp-class-382 pa t38021 l56858 ls2113">comprehensive </span><span class="pp-class-382 pa t38021 l56859 ls3566">income </span><span class="pp-class-382 pa t38021 l56860 ls1974">are </span><span class="pp-class-382 pa t38021 l25310 ls6007">transferred </span><span class="pp-class-382 pa t38021 l56861 ls1772">from </span><span class="pp-class-382 pa t38024 l3 ls3566">equity </span><span class="pp-class-382 pa t38024 l45246 ls1955">and </span><span class="pp-class-382 pa t38024 l53339 ls99">included </span><span class="pp-class-382 pa t38024 l56862 ls2482">in </span><span class="pp-class-382 pa t38024 l16248 ls1955">the </span><span class="pp-class-382 pa t38024 l56863 ls103">initial </span><span class="pp-class-382 pa t38024 l56864 ls4275">measurement </span><span class="pp-class-382 pa t38024 l56865 ls2835">of </span><span class="pp-class-382 pa t38024 l56866 ls1955">the </span><span class="pp-class-382 pa t38024 l56867 ls1344">cost </span><span class="pp-class-382 pa t38024 l56868 ls2835">of </span><span class="pp-class-382 pa t38024 l56869 ls1955">the </span><span class="pp-class-382 pa t38024 l56870 ls3566">non-financial </span><span class="pp-class-382 pa t38024 l56871 ls3566">asset. </span><span class="pp-class-382 pa t38024 l56872 ls1077">For </span><span class="pp-class-382 pa t38024 l56873 ls6360">derivative </span><span class="pp-class-382 pa t38039 l3 ls3572">financial </span><span class="pp-class-382 pa t38039 l56874 ls56">instruments </span><span class="pp-class-382 pa t38039 l56875 ls4275">that </span><span class="pp-class-382 pa t38039 l56876 ls2482">no </span><span class="pp-class-382 pa t38039 l56877 ls3566">longer </span><span class="pp-class-382 pa t38039 l56878 ls214">qualify </span><span class="pp-class-382 pa t38039 l35069 ls1237">for </span><span class="pp-class-382 pa t38039 l56879 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56880 ls187">accounting, </span><span class="pp-class-382 pa t38039 l55935 ls1955">the </span><span class="pp-class-382 pa t38039 l56881 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56882 ls2482">is </span><span class="pp-class-382 pa t38039 l56883 ls2854">dissolved </span><span class="pp-class-382 pa t49735 l3 ls10900">prospectively. </span><span class="pp-class-382 pa t49735 l56884 ls1955">The </span><span class="pp-class-382 pa t49735 l56885 ls1772">accumulated </span><span class="pp-class-382 pa t49735 l56886 ls276">fair </span><span class="pp-class-382 pa t49735 l56887 ls5039">value </span><span class="pp-class-382 pa t49735 l56888 ls2482">in </span><span class="pp-class-382 pa t49735 l56889 ls3566">equity </span><span class="pp-class-382 pa t49735 l56890 ls2482">is </span><span class="pp-class-382 pa t49735 l56891 ls2127">immediately </span><span class="pp-class-382 pa t49735 l56892 ls6007">transferred </span><span class="pp-class-382 pa t49735 l56893 ls103">to </span><span class="pp-class-382 pa t49735 l56894 ls1955">the </span><span class="pp-class-382 pa t49735 l56895 ls2835">income </span><span class="pp-class-382 pa t49748 l3 ls3278">statement </span><span class="pp-class-382 pa t49748 l56896 ls1323">into </span><span class="pp-class-382 pa t49748 l56897 ls1955">the </span><span class="pp-class-382 pa t49748 l56898 ls1344">same </span><span class="pp-class-382 pa t49748 l32537 ls1344">line </span><span class="pp-class-382 pa t49748 l56899 ls1123">item </span><span class="pp-class-382 pa t49748 l56900 ls2482">as </span><span class="pp-class-382 pa t49748 l56901 ls1955">the </span><span class="pp-class-382 pa t49748 l56902 ls3566">hedged </span><span class="pp-class-382 pa t49748 l56903 ls1123">item </span><span class="pp-class-382 pa t49748 l47460 ls2482">is </span><span class="pp-class-382 pa t49748 l56904 ls3474">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t51196 l3 ls1759">Other </span><span class="pp-class-383 pa t51196 l49181 ls1126">financial </span><span class="pp-class-383 pa t51196 l56905 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1772">For </span><span class="pp-class-382 pa t49777 l44017 ls1073">financial </span><span class="pp-class-382 pa t49777 l56906 ls806">instruments </span><span class="pp-class-382 pa t49777 l56907 ls6360">that </span><span class="pp-class-382 pa t49777 l56908 ls1080">do </span><span class="pp-class-382 pa t49777 l56909 ls830">not </span><span class="pp-class-382 pa t49777 l56910 ls2842">fulfil </span><span class="pp-class-382 pa t49777 l56911 ls858">the </span><span class="pp-class-382 pa t49777 l56912 ls2688">requirements </span><span class="pp-class-382 pa t49777 l56913 ls103">of </span><span class="pp-class-382 pa t49777 l56914 ls1759">being </span><span class="pp-class-382 pa t49777 l56915 ls3458">treated </span><span class="pp-class-382 pa t49777 l56916 ls1080">as </span><span class="pp-class-382 pa t49777 l56917 ls1759">hedge </span><span class="pp-class-382 pa t49777 l56918 ls1941">instruments, </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1237">changes </span><span class="pp-class-382 pa t49792 l56919 ls1080">in </span><span class="pp-class-382 pa t49792 l29583 ls3278">fair </span><span class="pp-class-382 pa t49792 l56920 ls1083">value </span><span class="pp-class-382 pa t49792 l56921 ls800">are </span><span class="pp-class-382 pa t49792 l56922 ls2970">recognised </span><span class="pp-class-382 pa t49792 l56923 ls1080">in </span><span class="pp-class-382 pa t49792 l34249 ls858">the </span><span class="pp-class-382 pa t49792 l2583 ls2486">Income </span><span class="pp-class-382 pa t49792 l56924 ls1150">statement </span><span class="pp-class-382 pa t49792 l56925 ls1080">as </span><span class="pp-class-382 pa t49792 l56926 ls1073">financial </span><span class="pp-class-382 pa t49792 l56927 ls2486">income </span><span class="pp-class-382 pa t49792 l56928 ls858">and </span><span class="pp-class-382 pa t49792 l56929 ls1733">cost.</span></p> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2138">Derivative </span><span class="pp-class-383 pa t30083 l56648 ls1126">financial </span><span class="pp-class-383 pa t30083 l47429 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4279">Derivative </span><span class="pp-class-382 pa t30087 l56594 ls1073">financial </span><span class="pp-class-382 pa t30087 l56595 ls806">instruments </span><span class="pp-class-382 pa t30087 l56649 ls800">are </span><span class="pp-class-382 pa t30087 l56650 ls8853">measured </span><span class="pp-class-382 pa t30087 l55437 ls1080">in </span><span class="pp-class-382 pa t30087 l56651 ls1099">the </span><span class="pp-class-382 pa t30087 l56652 ls1237">balance </span><span class="pp-class-382 pa t30087 l56653 ls296">sheet </span><span class="pp-class-382 pa t30087 l56654 ls1083">at </span><span class="pp-class-382 pa t30087 l56655 ls3278">fair </span><span class="pp-class-382 pa t30087 l56656 ls1083">value </span><span class="pp-class-382 pa t30087 l56657 ls1080">as </span><span class="pp-class-382 pa t30087 l54792 ls1243">from </span><span class="pp-class-382 pa t30087 l56658 ls858">the </span><span class="pp-class-382 pa t30087 l56659 ls1859">date </span><span class="pp-class-382 pa t30093 l3 ls2784">where </span><span class="pp-class-382 pa t30093 l3267 ls858">the </span><span class="pp-class-382 pa t30093 l13688 ls4279">derivative </span><span class="pp-class-382 pa t30093 l56660 ls1073">financial </span><span class="pp-class-382 pa t30093 l56661 ls806">instrument </span><span class="pp-class-382 pa t30093 l56662 ls1080">is </span><span class="pp-class-382 pa t30093 l56663 ls3474">concluded. </span><span class="pp-class-382 pa t30093 l56664 ls1099">The </span><span class="pp-class-382 pa t30093 l56665 ls3278">fair </span><span class="pp-class-382 pa t30093 l37923 ls1150">values </span><span class="pp-class-382 pa t30093 l56666 ls103">of </span><span class="pp-class-382 pa t30093 l56667 ls7694">derivatives </span><span class="pp-class-382 pa t30093 l56668 ls1323">financial </span><span class="pp-class-382 pa t30098 l3 ls806">instruments </span><span class="pp-class-382 pa t30098 l45776 ls800">are </span><span class="pp-class-382 pa t30098 l24500 ls852">presented </span><span class="pp-class-382 pa t30098 l3195 ls1080">as </span><span class="pp-class-382 pa t30098 l56669 ls4279">derivative </span><span class="pp-class-382 pa t30098 l56670 ls1073">financial </span><span class="pp-class-382 pa t30098 l56671 ls806">instruments </span><span class="pp-class-382 pa t30098 l56672 ls1759">under </span><span class="pp-class-382 pa t30098 l56673 ls238">assets </span><span class="pp-class-382 pa t30098 l56674 ls1080">if </span><span class="pp-class-382 pa t30098 l56675 ls2088">positive </span><span class="pp-class-382 pa t30098 l56676 ls1080">or </span><span class="pp-class-382 pa t30098 l56677 ls1080">under </span><span class="pp-class-382 pa t30105 l3 ls1118">liabilities </span><span class="pp-class-382 pa t30105 l44406 ls1080">if </span><span class="pp-class-382 pa t30105 l56678 ls1463">negative. </span><span class="pp-class-382 pa t30105 l56679 ls960">Netting </span><span class="pp-class-382 pa t30105 l56680 ls103">of </span><span class="pp-class-382 pa t30105 l56681 ls2088">positive </span><span class="pp-class-382 pa t30105 l56682 ls858">and </span><span class="pp-class-382 pa t30105 l56683 ls2944">negative </span><span class="pp-class-382 pa t30105 l56684 ls4279">derivative </span><span class="pp-class-382 pa t30105 l56685 ls1073">financial </span><span class="pp-class-382 pa t30105 l56686 ls806">instruments </span><span class="pp-class-382 pa t30105 l56687 ls1080">is </span><span class="pp-class-382 pa t30105 l56688 ls4305">only </span><span class="pp-class-382 pa t30110 l3 ls1321">performed </span><span class="pp-class-382 pa t30110 l56689 ls1080">if </span><span class="pp-class-382 pa t30110 l3898 ls858">the </span><span class="pp-class-382 pa t30110 l56690 ls2784">Group </span><span class="pp-class-382 pa t30110 l56691 ls1080">is </span><span class="pp-class-382 pa t30110 l56692 ls830">entitled </span><span class="pp-class-382 pa t30110 l56693 ls1759">to </span><span class="pp-class-382 pa t30110 l56694 ls858">and </span><span class="pp-class-382 pa t30110 l56695 ls858">has </span><span class="pp-class-382 pa t30110 l56696 ls858">the </span><span class="pp-class-382 pa t30110 l56697 ls1321">intention </span><span class="pp-class-382 pa t30110 l56698 ls1759">to </span><span class="pp-class-382 pa t30110 l56699 ls1244">settle </span><span class="pp-class-382 pa t30110 l56700 ls858">the </span><span class="pp-class-382 pa t30110 l56701 ls4279">derivative </span><span class="pp-class-382 pa t30110 l56702 ls1323">financial </span><span class="pp-class-382 pa t37915 l3 ls806">instruments </span><span class="pp-class-382 pa t37915 l45776 ls1080">as </span><span class="pp-class-382 pa t37915 l56703 ls302">a </span><span class="pp-class-382 pa t37915 l56704 ls1323">net. </span><span class="pp-class-382 pa t37915 l50467 ls1772">Fair </span><span class="pp-class-382 pa t37915 l56705 ls1150">values </span><span class="pp-class-382 pa t37915 l56706 ls103">of </span><span class="pp-class-382 pa t37915 l51422 ls4279">derivative </span><span class="pp-class-382 pa t37915 l56707 ls1073">financial </span><span class="pp-class-382 pa t37915 l56708 ls806">instruments </span><span class="pp-class-382 pa t37915 l56709 ls800">are </span><span class="pp-class-382 pa t37915 l49204 ls296">computed </span><span class="pp-class-382 pa t37915 l56710 ls1080">on </span><span class="pp-class-382 pa t37915 l56711 ls1099">the </span><span class="pp-class-382 pa t37915 l56712 ls1759">basis </span><span class="pp-class-382 pa t37915 l56713 ls134">of </span><span class="pp-class-382 pa t37930 l3 ls852">current </span><span class="pp-class-382 pa t37930 l46050 ls3623">market </span><span class="pp-class-382 pa t37930 l34319 ls852">data </span><span class="pp-class-382 pa t37930 l56714 ls1099">and </span><span class="pp-class-382 pa t37930 l56715 ls4396">generally </span><span class="pp-class-382 pa t37930 l11415 ls2142">accepted </span><span class="pp-class-382 pa t37930 l56716 ls828">valuation </span><span class="pp-class-382 pa t37930 l56717 ls3474">methods.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls1237">Fair </span><span class="pp-class-383 pa t49646 l56718 ls2784">value </span><span class="pp-class-383 pa t49646 l56719 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls1237" xmlns="http://www.w3.org/1999/xhtml">Changes </span><span class="pp-class-382 pa t37943 l46658 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37943 l54608 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37943 l53288 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37943 l56720 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37943 l56721 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37943 l56722 ls1073" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t37943 l56723 ls806" xmlns="http://www.w3.org/1999/xhtml">instruments </span><span class="pp-class-382 pa t37943 l56724 ls803" xmlns="http://www.w3.org/1999/xhtml">designated </span><span class="pp-class-382 pa t37943 l49729 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l47066 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37943 l56725 ls1759" xmlns="http://www.w3.org/1999/xhtml">qualifying </span><span class="pp-class-382 pa t37943 l56726 ls3278" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t37943 l56727 ls2142" xmlns="http://www.w3.org/1999/xhtml">recognition </span><span class="pp-class-382 pa t37943 l56728 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l56729 ls12" xmlns="http://www.w3.org/1999/xhtml">a </span><span class="pp-class-382 pa t37948 l3 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37948 l56730 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37948 l30730 ls1759" xmlns="http://www.w3.org/1999/xhtml">hedge </span><span class="pp-class-382 pa t37948 l56731 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37948 l45792 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56732 ls238" xmlns="http://www.w3.org/1999/xhtml">assets </span><span class="pp-class-382 pa t37948 l56733 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37948 l56734 ls1118" xmlns="http://www.w3.org/1999/xhtml">liabilities </span><span class="pp-class-382 pa t37948 l56735 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t37948 l49728 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56736 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37948 l56737 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37948 l56738 ls2486" xmlns="http://www.w3.org/1999/xhtml">income </span><span class="pp-class-382 pa t37948 l56739 ls1150" xmlns="http://www.w3.org/1999/xhtml">statement </span><span class="pp-class-382 pa t37948 l56740 ls819" xmlns="http://www.w3.org/1999/xhtml">together </span><span class="pp-class-382 pa t37961 l3 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t37961 l10466 ls1237" xmlns="http://www.w3.org/1999/xhtml">changes </span><span class="pp-class-382 pa t37961 l30963 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37961 l38976 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56741 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37961 l56742 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37961 l18570 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l4129 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56743 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t37961 l56744 ls1080" xmlns="http://www.w3.org/1999/xhtml">or </span><span class="pp-class-382 pa t37961 l56745 ls1073" xmlns="http://www.w3.org/1999/xhtml">liability </span><span class="pp-class-382 pa t37961 l56746 ls1759" xmlns="http://www.w3.org/1999/xhtml">based </span><span class="pp-class-382 pa t37961 l56747 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t37961 l56748 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56749 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56750 ls3278" xmlns="http://www.w3.org/1999/xhtml">proportion. </span><span class="pp-class-382 pa t37961 l56751 ls1237">Hedging </span><span class="pp-class-382 pa t37961 l56752 ls134">of </span><span class="pp-class-382 pa t37974 l3 ls1083">future </span><span class="pp-class-382 pa t37974 l34026 ls1323">cash </span><span class="pp-class-382 pa t37974 l33487 ls2784">flows </span><span class="pp-class-382 pa t37974 l56753 ls6007">according </span><span class="pp-class-382 pa t37974 l56754 ls1759">to </span><span class="pp-class-382 pa t37974 l56755 ls6007">agreements </span><span class="pp-class-382 pa t37974 l45145 ls1759">(firm </span><span class="pp-class-382 pa t37974 l56756 ls2489">commitments), </span><span class="pp-class-382 pa t37974 l56757 ls3382">except </span><span class="pp-class-382 pa t37974 l56758 ls3278">for </span><span class="pp-class-382 pa t37974 l56759 ls1463">foreign </span><span class="pp-class-382 pa t37974 l56760 ls3377">currency </span><span class="pp-class-382 pa t37974 l56761 ls1099">hedges, </span><span class="pp-class-382 pa t49077 l3 ls1080">is </span><span class="pp-class-382 pa t49077 l46558 ls3458">treated </span><span class="pp-class-382 pa t49077 l56762 ls1080">as </span><span class="pp-class-382 pa t49077 l56763 ls302">a </span><span class="pp-class-382 pa t49077 l56764 ls3278">fair </span><span class="pp-class-382 pa t49077 l56765 ls1083">value </span><span class="pp-class-382 pa t49077 l56766 ls1759">hedge </span><span class="pp-class-382 pa t49077 l16536 ls103">of </span><span class="pp-class-382 pa t49077 l56767 ls302">a </span><span class="pp-class-382 pa t49077 l56768 ls2970">recognised </span><span class="pp-class-382 pa t49077 l56769 ls296">asset </span><span class="pp-class-382 pa t49077 l36990 ls1099">and </span><span class="pp-class-382 pa t49077 l56770 ls185">liability.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls1323">Cash </span><span class="pp-class-383 pa t37977 l45507 ls2944">flow </span><span class="pp-class-383 pa t37977 l56771 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls103">Changes </span><span class="pp-class-382 pa t36901 l56772 ls2482">in </span><span class="pp-class-382 pa t36901 l56773 ls1955">the </span><span class="pp-class-382 pa t36901 l250 ls276">fair </span><span class="pp-class-382 pa t36901 l56774 ls5039">value </span><span class="pp-class-382 pa t36901 l56775 ls2835">of </span><span class="pp-class-382 pa t36901 l18339 ls3572">financial </span><span class="pp-class-382 pa t36901 l56776 ls56">instruments </span><span class="pp-class-382 pa t36901 l56777 ls1319">designated </span><span class="pp-class-382 pa t36901 l56778 ls2482">as </span><span class="pp-class-382 pa t36901 l46236 ls1955">and </span><span class="pp-class-382 pa t36901 l56779 ls85">qualifying </span><span class="pp-class-382 pa t36901 l56780 ls1237">for </span><span class="pp-class-382 pa t36901 l56781 ls1344">cash </span><span class="pp-class-382 pa t36901 l56782 ls1772">flow </span><span class="pp-class-382 pa t36901 l56783 ls1955">hedging </span><span class="pp-class-382 pa t36903 l3 ls1955">and </span><span class="pp-class-382 pa t36903 l56784 ls1080">which </span><span class="pp-class-382 pa t36903 l10920 ls2760">effectively </span><span class="pp-class-382 pa t36903 l56785 ls1080">hedge </span><span class="pp-class-382 pa t36903 l56786 ls103">changes </span><span class="pp-class-382 pa t36903 l17115 ls2482">in </span><span class="pp-class-382 pa t36903 l56787 ls2113">future </span><span class="pp-class-382 pa t36903 l56788 ls1344">cash </span><span class="pp-class-382 pa t36903 l56789 ls2113">flows, </span><span class="pp-class-382 pa t36903 l56790 ls1974">are </span><span class="pp-class-382 pa t36903 l56791 ls3474">recognised </span><span class="pp-class-382 pa t36903 l56792 ls2482">in </span><span class="pp-class-382 pa t36903 l56793 ls58">other </span><span class="pp-class-382 pa t36903 l56794 ls1772">comprehensive </span><span class="pp-class-382 pa t36916 l3 ls869">income. </span><span class="pp-class-382 pa t36916 l31834 ls1955">The </span><span class="pp-class-382 pa t36916 l56795 ls3566">change </span><span class="pp-class-382 pa t36916 l16336 ls2482">in </span><span class="pp-class-382 pa t36916 l56796 ls276">fair </span><span class="pp-class-382 pa t36916 l53013 ls5039">value </span><span class="pp-class-382 pa t36916 l56797 ls4275">that </span><span class="pp-class-382 pa t36916 l53348 ls4305">relates </span><span class="pp-class-382 pa t36916 l56798 ls103">to </span><span class="pp-class-382 pa t36916 l56799 ls1955">the </span><span class="pp-class-382 pa t36916 l56800 ls2088">effective </span><span class="pp-class-382 pa t36916 l45826 ls658">portion </span><span class="pp-class-382 pa t36916 l56801 ls2835">of </span><span class="pp-class-382 pa t36916 l56802 ls1955">the </span><span class="pp-class-382 pa t36916 l54629 ls1344">cash </span><span class="pp-class-382 pa t36916 l56803 ls1772">flow </span><span class="pp-class-382 pa t36916 l56804 ls1080">hedge </span><span class="pp-class-382 pa t36916 l56805 ls254">is </span><span class="pp-class-382 pa t36920 l3 ls3474">recognised </span><span class="pp-class-382 pa t36920 l56806 ls2482">as </span><span class="pp-class-382 pa t36920 l16615 ls16">a </span><span class="pp-class-382 pa t36920 l56690 ls1974">separate </span><span class="pp-class-382 pa t36920 l56807 ls3566">equity </span><span class="pp-class-382 pa t36920 l56808 ls728">reserve </span><span class="pp-class-382 pa t36920 l56809 ls1110">until </span><span class="pp-class-382 pa t36920 l56810 ls1955">the </span><span class="pp-class-382 pa t36920 l56811 ls3566">hedged </span><span class="pp-class-382 pa t36920 l51591 ls1344">cash </span><span class="pp-class-382 pa t36920 l56812 ls1772">flow </span><span class="pp-class-382 pa t36920 l56813 ls1118">impacts </span><span class="pp-class-382 pa t36920 l56814 ls1955">the </span><span class="pp-class-382 pa t36920 l56815 ls3566">income </span><span class="pp-class-382 pa t36920 l56816 ls276">statement. </span><span class="pp-class-382 pa t36928 l3 ls2769">At </span><span class="pp-class-382 pa t36928 l56817 ls1344">this </span><span class="pp-class-382 pa t36928 l56818 ls1110">point </span><span class="pp-class-382 pa t36928 l17453 ls2482">in </span><span class="pp-class-382 pa t36928 l44018 ls1344">time </span><span class="pp-class-382 pa t36928 l50753 ls1955">the </span><span class="pp-class-382 pa t36928 l56819 ls4305">related </span><span class="pp-class-382 pa t36928 l56820 ls1080">gains </span><span class="pp-class-382 pa t36928 l56821 ls2482">or </span><span class="pp-class-382 pa t36928 l56822 ls3566">losses </span><span class="pp-class-382 pa t36928 l56823 ls7096">previously </span><span class="pp-class-382 pa t36928 l56824 ls3474">recognised </span><span class="pp-class-382 pa t36928 l56825 ls2482">in </span><span class="pp-class-382 pa t36928 l56826 ls58">other </span><span class="pp-class-382 pa t36928 l56827 ls2113">comprehensive </span><span class="pp-class-382 pa t36928 l56828 ls2835">income </span><span class="pp-class-382 pa t38016 l3 ls1974">are </span><span class="pp-class-382 pa t38016 l56829 ls6007">transferred </span><span class="pp-class-382 pa t38016 l56830 ls103">to </span><span class="pp-class-382 pa t38016 l32572 ls1955">the </span><span class="pp-class-382 pa t38016 l52521 ls3566">income </span><span class="pp-class-382 pa t38016 l56831 ls3278">statement </span><span class="pp-class-382 pa t38016 l56832 ls1323">into </span><span class="pp-class-382 pa t38016 l56833 ls1955">the </span><span class="pp-class-382 pa t38016 l13649 ls1344">same </span><span class="pp-class-382 pa t38016 l56834 ls1344">line </span><span class="pp-class-382 pa t38016 l56835 ls1123">item </span><span class="pp-class-382 pa t38016 l56836 ls2482">as </span><span class="pp-class-382 pa t38016 l56837 ls1955">the </span><span class="pp-class-382 pa t38016 l56838 ls3566">hedged </span><span class="pp-class-382 pa t38016 l56839 ls1123">item </span><span class="pp-class-382 pa t38016 l56840 ls2482">is </span><span class="pp-class-382 pa t38016 l56841 ls1305">recognised. </span><span class="pp-class-382 pa t49235 l3 ls14073">However, </span><span class="pp-class-382 pa t49235 l56842 ls1344">when </span><span class="pp-class-382 pa t49235 l56843 ls1955">the </span><span class="pp-class-382 pa t49235 l30618 ls3105">forecast </span><span class="pp-class-382 pa t49235 l51090 ls2088">transaction </span><span class="pp-class-382 pa t49235 l56844 ls4275">that </span><span class="pp-class-382 pa t49235 l36927 ls2482">is </span><span class="pp-class-382 pa t49235 l56845 ls3566">hedged </span><span class="pp-class-382 pa t49235 l56846 ls8853">results </span><span class="pp-class-382 pa t49235 l56847 ls2482">in </span><span class="pp-class-382 pa t49235 l56848 ls1955">the </span><span class="pp-class-382 pa t49235 l56849 ls296">recognition </span><span class="pp-class-382 pa t49235 l56850 ls2835">of </span><span class="pp-class-382 pa t49235 l53021 ls16">a </span><span class="pp-class-382 pa t49235 l56851 ls1065">non-financial </span><span class="pp-class-382 pa t38021 l3 ls3566">asset, </span><span class="pp-class-382 pa t38021 l38025 ls1955">the </span><span class="pp-class-382 pa t38021 l56852 ls1080">gains </span><span class="pp-class-382 pa t38021 l56853 ls2482">or </span><span class="pp-class-382 pa t38021 l56854 ls3566">losses </span><span class="pp-class-382 pa t38021 l14180 ls7096">previously </span><span class="pp-class-382 pa t38021 l56855 ls3474">recognised </span><span class="pp-class-382 pa t38021 l56856 ls2482">in </span><span class="pp-class-382 pa t38021 l56857 ls58">other </span><span class="pp-class-382 pa t38021 l56858 ls2113">comprehensive </span><span class="pp-class-382 pa t38021 l56859 ls3566">income </span><span class="pp-class-382 pa t38021 l56860 ls1974">are </span><span class="pp-class-382 pa t38021 l25310 ls6007">transferred </span><span class="pp-class-382 pa t38021 l56861 ls1772">from </span><span class="pp-class-382 pa t38024 l3 ls3566">equity </span><span class="pp-class-382 pa t38024 l45246 ls1955">and </span><span class="pp-class-382 pa t38024 l53339 ls99">included </span><span class="pp-class-382 pa t38024 l56862 ls2482">in </span><span class="pp-class-382 pa t38024 l16248 ls1955">the </span><span class="pp-class-382 pa t38024 l56863 ls103">initial </span><span class="pp-class-382 pa t38024 l56864 ls4275">measurement </span><span class="pp-class-382 pa t38024 l56865 ls2835">of </span><span class="pp-class-382 pa t38024 l56866 ls1955">the </span><span class="pp-class-382 pa t38024 l56867 ls1344">cost </span><span class="pp-class-382 pa t38024 l56868 ls2835">of </span><span class="pp-class-382 pa t38024 l56869 ls1955">the </span><span class="pp-class-382 pa t38024 l56870 ls3566">non-financial </span><span class="pp-class-382 pa t38024 l56871 ls3566">asset. </span><span class="pp-class-382 pa t38024 l56872 ls1077">For </span><span class="pp-class-382 pa t38024 l56873 ls6360">derivative </span><span class="pp-class-382 pa t38039 l3 ls3572">financial </span><span class="pp-class-382 pa t38039 l56874 ls56">instruments </span><span class="pp-class-382 pa t38039 l56875 ls4275">that </span><span class="pp-class-382 pa t38039 l56876 ls2482">no </span><span class="pp-class-382 pa t38039 l56877 ls3566">longer </span><span class="pp-class-382 pa t38039 l56878 ls214">qualify </span><span class="pp-class-382 pa t38039 l35069 ls1237">for </span><span class="pp-class-382 pa t38039 l56879 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56880 ls187">accounting, </span><span class="pp-class-382 pa t38039 l55935 ls1955">the </span><span class="pp-class-382 pa t38039 l56881 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56882 ls2482">is </span><span class="pp-class-382 pa t38039 l56883 ls2854">dissolved </span><span class="pp-class-382 pa t49735 l3 ls10900">prospectively. </span><span class="pp-class-382 pa t49735 l56884 ls1955">The </span><span class="pp-class-382 pa t49735 l56885 ls1772">accumulated </span><span class="pp-class-382 pa t49735 l56886 ls276">fair </span><span class="pp-class-382 pa t49735 l56887 ls5039">value </span><span class="pp-class-382 pa t49735 l56888 ls2482">in </span><span class="pp-class-382 pa t49735 l56889 ls3566">equity </span><span class="pp-class-382 pa t49735 l56890 ls2482">is </span><span class="pp-class-382 pa t49735 l56891 ls2127">immediately </span><span class="pp-class-382 pa t49735 l56892 ls6007">transferred </span><span class="pp-class-382 pa t49735 l56893 ls103">to </span><span class="pp-class-382 pa t49735 l56894 ls1955">the </span><span class="pp-class-382 pa t49735 l56895 ls2835">income </span><span class="pp-class-382 pa t49748 l3 ls3278">statement </span><span class="pp-class-382 pa t49748 l56896 ls1323">into </span><span class="pp-class-382 pa t49748 l56897 ls1955">the </span><span class="pp-class-382 pa t49748 l56898 ls1344">same </span><span class="pp-class-382 pa t49748 l32537 ls1344">line </span><span class="pp-class-382 pa t49748 l56899 ls1123">item </span><span class="pp-class-382 pa t49748 l56900 ls2482">as </span><span class="pp-class-382 pa t49748 l56901 ls1955">the </span><span class="pp-class-382 pa t49748 l56902 ls3566">hedged </span><span class="pp-class-382 pa t49748 l56903 ls1123">item </span><span class="pp-class-382 pa t49748 l47460 ls2482">is </span><span class="pp-class-382 pa t49748 l56904 ls3474">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t51196 l3 ls1759">Other </span><span class="pp-class-383 pa t51196 l49181 ls1126">financial </span><span class="pp-class-383 pa t51196 l56905 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1772">For </span><span class="pp-class-382 pa t49777 l44017 ls1073">financial </span><span class="pp-class-382 pa t49777 l56906 ls806">instruments </span><span class="pp-class-382 pa t49777 l56907 ls6360">that </span><span class="pp-class-382 pa t49777 l56908 ls1080">do </span><span class="pp-class-382 pa t49777 l56909 ls830">not </span><span class="pp-class-382 pa t49777 l56910 ls2842">fulfil </span><span class="pp-class-382 pa t49777 l56911 ls858">the </span><span class="pp-class-382 pa t49777 l56912 ls2688">requirements </span><span class="pp-class-382 pa t49777 l56913 ls103">of </span><span class="pp-class-382 pa t49777 l56914 ls1759">being </span><span class="pp-class-382 pa t49777 l56915 ls3458">treated </span><span class="pp-class-382 pa t49777 l56916 ls1080">as </span><span class="pp-class-382 pa t49777 l56917 ls1759">hedge </span><span class="pp-class-382 pa t49777 l56918 ls1941">instruments, </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1237">changes </span><span class="pp-class-382 pa t49792 l56919 ls1080">in </span><span class="pp-class-382 pa t49792 l29583 ls3278">fair </span><span class="pp-class-382 pa t49792 l56920 ls1083">value </span><span class="pp-class-382 pa t49792 l56921 ls800">are </span><span class="pp-class-382 pa t49792 l56922 ls2970">recognised </span><span class="pp-class-382 pa t49792 l56923 ls1080">in </span><span class="pp-class-382 pa t49792 l34249 ls858">the </span><span class="pp-class-382 pa t49792 l2583 ls2486">Income </span><span class="pp-class-382 pa t49792 l56924 ls1150">statement </span><span class="pp-class-382 pa t49792 l56925 ls1080">as </span><span class="pp-class-382 pa t49792 l56926 ls1073">financial </span><span class="pp-class-382 pa t49792 l56927 ls2486">income </span><span class="pp-class-382 pa t49792 l56928 ls858">and </span><span class="pp-class-382 pa t49792 l56929 ls1733">cost.</span></p> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2138">Derivative </span><span class="pp-class-383 pa t30083 l56648 ls1126">financial </span><span class="pp-class-383 pa t30083 l47429 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4279">Derivative </span><span class="pp-class-382 pa t30087 l56594 ls1073">financial </span><span class="pp-class-382 pa t30087 l56595 ls806">instruments </span><span class="pp-class-382 pa t30087 l56649 ls800">are </span><span class="pp-class-382 pa t30087 l56650 ls8853">measured </span><span class="pp-class-382 pa t30087 l55437 ls1080">in </span><span class="pp-class-382 pa t30087 l56651 ls1099">the </span><span class="pp-class-382 pa t30087 l56652 ls1237">balance </span><span class="pp-class-382 pa t30087 l56653 ls296">sheet </span><span class="pp-class-382 pa t30087 l56654 ls1083">at </span><span class="pp-class-382 pa t30087 l56655 ls3278">fair </span><span class="pp-class-382 pa t30087 l56656 ls1083">value </span><span class="pp-class-382 pa t30087 l56657 ls1080">as </span><span class="pp-class-382 pa t30087 l54792 ls1243">from </span><span class="pp-class-382 pa t30087 l56658 ls858">the </span><span class="pp-class-382 pa t30087 l56659 ls1859">date </span><span class="pp-class-382 pa t30093 l3 ls2784">where </span><span class="pp-class-382 pa t30093 l3267 ls858">the </span><span class="pp-class-382 pa t30093 l13688 ls4279">derivative </span><span class="pp-class-382 pa t30093 l56660 ls1073">financial </span><span class="pp-class-382 pa t30093 l56661 ls806">instrument </span><span class="pp-class-382 pa t30093 l56662 ls1080">is </span><span class="pp-class-382 pa t30093 l56663 ls3474">concluded. </span><span class="pp-class-382 pa t30093 l56664 ls1099">The </span><span class="pp-class-382 pa t30093 l56665 ls3278">fair </span><span class="pp-class-382 pa t30093 l37923 ls1150">values </span><span class="pp-class-382 pa t30093 l56666 ls103">of </span><span class="pp-class-382 pa t30093 l56667 ls7694">derivatives </span><span class="pp-class-382 pa t30093 l56668 ls1323">financial </span><span class="pp-class-382 pa t30098 l3 ls806">instruments </span><span class="pp-class-382 pa t30098 l45776 ls800">are </span><span class="pp-class-382 pa t30098 l24500 ls852">presented </span><span class="pp-class-382 pa t30098 l3195 ls1080">as </span><span class="pp-class-382 pa t30098 l56669 ls4279">derivative </span><span class="pp-class-382 pa t30098 l56670 ls1073">financial </span><span class="pp-class-382 pa t30098 l56671 ls806">instruments </span><span class="pp-class-382 pa t30098 l56672 ls1759">under </span><span class="pp-class-382 pa t30098 l56673 ls238">assets </span><span class="pp-class-382 pa t30098 l56674 ls1080">if </span><span class="pp-class-382 pa t30098 l56675 ls2088">positive </span><span class="pp-class-382 pa t30098 l56676 ls1080">or </span><span class="pp-class-382 pa t30098 l56677 ls1080">under </span><span class="pp-class-382 pa t30105 l3 ls1118">liabilities </span><span class="pp-class-382 pa t30105 l44406 ls1080">if </span><span class="pp-class-382 pa t30105 l56678 ls1463">negative. </span><span class="pp-class-382 pa t30105 l56679 ls960">Netting </span><span class="pp-class-382 pa t30105 l56680 ls103">of </span><span class="pp-class-382 pa t30105 l56681 ls2088">positive </span><span class="pp-class-382 pa t30105 l56682 ls858">and </span><span class="pp-class-382 pa t30105 l56683 ls2944">negative </span><span class="pp-class-382 pa t30105 l56684 ls4279">derivative </span><span class="pp-class-382 pa t30105 l56685 ls1073">financial </span><span class="pp-class-382 pa t30105 l56686 ls806">instruments </span><span class="pp-class-382 pa t30105 l56687 ls1080">is </span><span class="pp-class-382 pa t30105 l56688 ls4305">only </span><span class="pp-class-382 pa t30110 l3 ls1321">performed </span><span class="pp-class-382 pa t30110 l56689 ls1080">if </span><span class="pp-class-382 pa t30110 l3898 ls858">the </span><span class="pp-class-382 pa t30110 l56690 ls2784">Group </span><span class="pp-class-382 pa t30110 l56691 ls1080">is </span><span class="pp-class-382 pa t30110 l56692 ls830">entitled </span><span class="pp-class-382 pa t30110 l56693 ls1759">to </span><span class="pp-class-382 pa t30110 l56694 ls858">and </span><span class="pp-class-382 pa t30110 l56695 ls858">has </span><span class="pp-class-382 pa t30110 l56696 ls858">the </span><span class="pp-class-382 pa t30110 l56697 ls1321">intention </span><span class="pp-class-382 pa t30110 l56698 ls1759">to </span><span class="pp-class-382 pa t30110 l56699 ls1244">settle </span><span class="pp-class-382 pa t30110 l56700 ls858">the </span><span class="pp-class-382 pa t30110 l56701 ls4279">derivative </span><span class="pp-class-382 pa t30110 l56702 ls1323">financial </span><span class="pp-class-382 pa t37915 l3 ls806">instruments </span><span class="pp-class-382 pa t37915 l45776 ls1080">as </span><span class="pp-class-382 pa t37915 l56703 ls302">a </span><span class="pp-class-382 pa t37915 l56704 ls1323">net. </span><span class="pp-class-382 pa t37915 l50467 ls1772">Fair </span><span class="pp-class-382 pa t37915 l56705 ls1150">values </span><span class="pp-class-382 pa t37915 l56706 ls103">of </span><span class="pp-class-382 pa t37915 l51422 ls4279">derivative </span><span class="pp-class-382 pa t37915 l56707 ls1073">financial </span><span class="pp-class-382 pa t37915 l56708 ls806">instruments </span><span class="pp-class-382 pa t37915 l56709 ls800">are </span><span class="pp-class-382 pa t37915 l49204 ls296">computed </span><span class="pp-class-382 pa t37915 l56710 ls1080">on </span><span class="pp-class-382 pa t37915 l56711 ls1099">the </span><span class="pp-class-382 pa t37915 l56712 ls1759">basis </span><span class="pp-class-382 pa t37915 l56713 ls134">of </span><span class="pp-class-382 pa t37930 l3 ls852">current </span><span class="pp-class-382 pa t37930 l46050 ls3623">market </span><span class="pp-class-382 pa t37930 l34319 ls852">data </span><span class="pp-class-382 pa t37930 l56714 ls1099">and </span><span class="pp-class-382 pa t37930 l56715 ls4396">generally </span><span class="pp-class-382 pa t37930 l11415 ls2142">accepted </span><span class="pp-class-382 pa t37930 l56716 ls828">valuation </span><span class="pp-class-382 pa t37930 l56717 ls3474">methods.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls1237">Fair </span><span class="pp-class-383 pa t49646 l56718 ls2784">value </span><span class="pp-class-383 pa t49646 l56719 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls1237" xmlns="http://www.w3.org/1999/xhtml">Changes </span><span class="pp-class-382 pa t37943 l46658 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37943 l54608 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37943 l53288 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37943 l56720 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37943 l56721 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37943 l56722 ls1073" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t37943 l56723 ls806" xmlns="http://www.w3.org/1999/xhtml">instruments </span><span class="pp-class-382 pa t37943 l56724 ls803" xmlns="http://www.w3.org/1999/xhtml">designated </span><span class="pp-class-382 pa t37943 l49729 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l47066 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37943 l56725 ls1759" xmlns="http://www.w3.org/1999/xhtml">qualifying </span><span class="pp-class-382 pa t37943 l56726 ls3278" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t37943 l56727 ls2142" xmlns="http://www.w3.org/1999/xhtml">recognition </span><span class="pp-class-382 pa t37943 l56728 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l56729 ls12" xmlns="http://www.w3.org/1999/xhtml">a </span><span class="pp-class-382 pa t37948 l3 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37948 l56730 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37948 l30730 ls1759" xmlns="http://www.w3.org/1999/xhtml">hedge </span><span class="pp-class-382 pa t37948 l56731 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37948 l45792 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56732 ls238" xmlns="http://www.w3.org/1999/xhtml">assets </span><span class="pp-class-382 pa t37948 l56733 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37948 l56734 ls1118" xmlns="http://www.w3.org/1999/xhtml">liabilities </span><span class="pp-class-382 pa t37948 l56735 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t37948 l49728 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56736 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37948 l56737 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37948 l56738 ls2486" xmlns="http://www.w3.org/1999/xhtml">income </span><span class="pp-class-382 pa t37948 l56739 ls1150" xmlns="http://www.w3.org/1999/xhtml">statement </span><span class="pp-class-382 pa t37948 l56740 ls819" xmlns="http://www.w3.org/1999/xhtml">together </span><span class="pp-class-382 pa t37961 l3 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t37961 l10466 ls1237" xmlns="http://www.w3.org/1999/xhtml">changes </span><span class="pp-class-382 pa t37961 l30963 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37961 l38976 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56741 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37961 l56742 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37961 l18570 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l4129 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56743 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t37961 l56744 ls1080" xmlns="http://www.w3.org/1999/xhtml">or </span><span class="pp-class-382 pa t37961 l56745 ls1073" xmlns="http://www.w3.org/1999/xhtml">liability </span><span class="pp-class-382 pa t37961 l56746 ls1759" xmlns="http://www.w3.org/1999/xhtml">based </span><span class="pp-class-382 pa t37961 l56747 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t37961 l56748 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56749 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56750 ls3278" xmlns="http://www.w3.org/1999/xhtml">proportion. </span><span class="pp-class-382 pa t37961 l56751 ls1237">Hedging </span><span class="pp-class-382 pa t37961 l56752 ls134">of </span><span class="pp-class-382 pa t37974 l3 ls1083">future </span><span class="pp-class-382 pa t37974 l34026 ls1323">cash </span><span class="pp-class-382 pa t37974 l33487 ls2784">flows </span><span class="pp-class-382 pa t37974 l56753 ls6007">according </span><span class="pp-class-382 pa t37974 l56754 ls1759">to </span><span class="pp-class-382 pa t37974 l56755 ls6007">agreements </span><span class="pp-class-382 pa t37974 l45145 ls1759">(firm </span><span class="pp-class-382 pa t37974 l56756 ls2489">commitments), </span><span class="pp-class-382 pa t37974 l56757 ls3382">except </span><span class="pp-class-382 pa t37974 l56758 ls3278">for </span><span class="pp-class-382 pa t37974 l56759 ls1463">foreign </span><span class="pp-class-382 pa t37974 l56760 ls3377">currency </span><span class="pp-class-382 pa t37974 l56761 ls1099">hedges, </span><span class="pp-class-382 pa t49077 l3 ls1080">is </span><span class="pp-class-382 pa t49077 l46558 ls3458">treated </span><span class="pp-class-382 pa t49077 l56762 ls1080">as </span><span class="pp-class-382 pa t49077 l56763 ls302">a </span><span class="pp-class-382 pa t49077 l56764 ls3278">fair </span><span class="pp-class-382 pa t49077 l56765 ls1083">value </span><span class="pp-class-382 pa t49077 l56766 ls1759">hedge </span><span class="pp-class-382 pa t49077 l16536 ls103">of </span><span class="pp-class-382 pa t49077 l56767 ls302">a </span><span class="pp-class-382 pa t49077 l56768 ls2970">recognised </span><span class="pp-class-382 pa t49077 l56769 ls296">asset </span><span class="pp-class-382 pa t49077 l36990 ls1099">and </span><span class="pp-class-382 pa t49077 l56770 ls185">liability.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls1323">Cash </span><span class="pp-class-383 pa t37977 l45507 ls2944">flow </span><span class="pp-class-383 pa t37977 l56771 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls103">Changes </span><span class="pp-class-382 pa t36901 l56772 ls2482">in </span><span class="pp-class-382 pa t36901 l56773 ls1955">the </span><span class="pp-class-382 pa t36901 l250 ls276">fair </span><span class="pp-class-382 pa t36901 l56774 ls5039">value </span><span class="pp-class-382 pa t36901 l56775 ls2835">of </span><span class="pp-class-382 pa t36901 l18339 ls3572">financial </span><span class="pp-class-382 pa t36901 l56776 ls56">instruments </span><span class="pp-class-382 pa t36901 l56777 ls1319">designated </span><span class="pp-class-382 pa t36901 l56778 ls2482">as </span><span class="pp-class-382 pa t36901 l46236 ls1955">and </span><span class="pp-class-382 pa t36901 l56779 ls85">qualifying </span><span class="pp-class-382 pa t36901 l56780 ls1237">for </span><span class="pp-class-382 pa t36901 l56781 ls1344">cash </span><span class="pp-class-382 pa t36901 l56782 ls1772">flow </span><span class="pp-class-382 pa t36901 l56783 ls1955">hedging </span><span class="pp-class-382 pa t36903 l3 ls1955">and </span><span class="pp-class-382 pa t36903 l56784 ls1080">which </span><span class="pp-class-382 pa t36903 l10920 ls2760">effectively </span><span class="pp-class-382 pa t36903 l56785 ls1080">hedge </span><span class="pp-class-382 pa t36903 l56786 ls103">changes </span><span class="pp-class-382 pa t36903 l17115 ls2482">in </span><span class="pp-class-382 pa t36903 l56787 ls2113">future </span><span class="pp-class-382 pa t36903 l56788 ls1344">cash </span><span class="pp-class-382 pa t36903 l56789 ls2113">flows, </span><span class="pp-class-382 pa t36903 l56790 ls1974">are </span><span class="pp-class-382 pa t36903 l56791 ls3474">recognised </span><span class="pp-class-382 pa t36903 l56792 ls2482">in </span><span class="pp-class-382 pa t36903 l56793 ls58">other </span><span class="pp-class-382 pa t36903 l56794 ls1772">comprehensive </span><span class="pp-class-382 pa t36916 l3 ls869">income. </span><span class="pp-class-382 pa t36916 l31834 ls1955">The </span><span class="pp-class-382 pa t36916 l56795 ls3566">change </span><span class="pp-class-382 pa t36916 l16336 ls2482">in </span><span class="pp-class-382 pa t36916 l56796 ls276">fair </span><span class="pp-class-382 pa t36916 l53013 ls5039">value </span><span class="pp-class-382 pa t36916 l56797 ls4275">that </span><span class="pp-class-382 pa t36916 l53348 ls4305">relates </span><span class="pp-class-382 pa t36916 l56798 ls103">to </span><span class="pp-class-382 pa t36916 l56799 ls1955">the </span><span class="pp-class-382 pa t36916 l56800 ls2088">effective </span><span class="pp-class-382 pa t36916 l45826 ls658">portion </span><span class="pp-class-382 pa t36916 l56801 ls2835">of </span><span class="pp-class-382 pa t36916 l56802 ls1955">the </span><span class="pp-class-382 pa t36916 l54629 ls1344">cash </span><span class="pp-class-382 pa t36916 l56803 ls1772">flow </span><span class="pp-class-382 pa t36916 l56804 ls1080">hedge </span><span class="pp-class-382 pa t36916 l56805 ls254">is </span><span class="pp-class-382 pa t36920 l3 ls3474">recognised </span><span class="pp-class-382 pa t36920 l56806 ls2482">as </span><span class="pp-class-382 pa t36920 l16615 ls16">a </span><span class="pp-class-382 pa t36920 l56690 ls1974">separate </span><span class="pp-class-382 pa t36920 l56807 ls3566">equity </span><span class="pp-class-382 pa t36920 l56808 ls728">reserve </span><span class="pp-class-382 pa t36920 l56809 ls1110">until </span><span class="pp-class-382 pa t36920 l56810 ls1955">the </span><span class="pp-class-382 pa t36920 l56811 ls3566">hedged </span><span class="pp-class-382 pa t36920 l51591 ls1344">cash </span><span class="pp-class-382 pa t36920 l56812 ls1772">flow </span><span class="pp-class-382 pa t36920 l56813 ls1118">impacts </span><span class="pp-class-382 pa t36920 l56814 ls1955">the </span><span class="pp-class-382 pa t36920 l56815 ls3566">income </span><span class="pp-class-382 pa t36920 l56816 ls276">statement. </span><span class="pp-class-382 pa t36928 l3 ls2769">At </span><span class="pp-class-382 pa t36928 l56817 ls1344">this </span><span class="pp-class-382 pa t36928 l56818 ls1110">point </span><span class="pp-class-382 pa t36928 l17453 ls2482">in </span><span class="pp-class-382 pa t36928 l44018 ls1344">time </span><span class="pp-class-382 pa t36928 l50753 ls1955">the </span><span class="pp-class-382 pa t36928 l56819 ls4305">related </span><span class="pp-class-382 pa t36928 l56820 ls1080">gains </span><span class="pp-class-382 pa t36928 l56821 ls2482">or </span><span class="pp-class-382 pa t36928 l56822 ls3566">losses </span><span class="pp-class-382 pa t36928 l56823 ls7096">previously </span><span class="pp-class-382 pa t36928 l56824 ls3474">recognised </span><span class="pp-class-382 pa t36928 l56825 ls2482">in </span><span class="pp-class-382 pa t36928 l56826 ls58">other </span><span class="pp-class-382 pa t36928 l56827 ls2113">comprehensive </span><span class="pp-class-382 pa t36928 l56828 ls2835">income </span><span class="pp-class-382 pa t38016 l3 ls1974">are </span><span class="pp-class-382 pa t38016 l56829 ls6007">transferred </span><span class="pp-class-382 pa t38016 l56830 ls103">to </span><span class="pp-class-382 pa t38016 l32572 ls1955">the </span><span class="pp-class-382 pa t38016 l52521 ls3566">income </span><span class="pp-class-382 pa t38016 l56831 ls3278">statement </span><span class="pp-class-382 pa t38016 l56832 ls1323">into </span><span class="pp-class-382 pa t38016 l56833 ls1955">the </span><span class="pp-class-382 pa t38016 l13649 ls1344">same </span><span class="pp-class-382 pa t38016 l56834 ls1344">line </span><span class="pp-class-382 pa t38016 l56835 ls1123">item </span><span class="pp-class-382 pa t38016 l56836 ls2482">as </span><span class="pp-class-382 pa t38016 l56837 ls1955">the </span><span class="pp-class-382 pa t38016 l56838 ls3566">hedged </span><span class="pp-class-382 pa t38016 l56839 ls1123">item </span><span class="pp-class-382 pa t38016 l56840 ls2482">is </span><span class="pp-class-382 pa t38016 l56841 ls1305">recognised. </span><span class="pp-class-382 pa t49235 l3 ls14073">However, </span><span class="pp-class-382 pa t49235 l56842 ls1344">when </span><span class="pp-class-382 pa t49235 l56843 ls1955">the </span><span class="pp-class-382 pa t49235 l30618 ls3105">forecast </span><span class="pp-class-382 pa t49235 l51090 ls2088">transaction </span><span class="pp-class-382 pa t49235 l56844 ls4275">that </span><span class="pp-class-382 pa t49235 l36927 ls2482">is </span><span class="pp-class-382 pa t49235 l56845 ls3566">hedged </span><span class="pp-class-382 pa t49235 l56846 ls8853">results </span><span class="pp-class-382 pa t49235 l56847 ls2482">in </span><span class="pp-class-382 pa t49235 l56848 ls1955">the </span><span class="pp-class-382 pa t49235 l56849 ls296">recognition </span><span class="pp-class-382 pa t49235 l56850 ls2835">of </span><span class="pp-class-382 pa t49235 l53021 ls16">a </span><span class="pp-class-382 pa t49235 l56851 ls1065">non-financial </span><span class="pp-class-382 pa t38021 l3 ls3566">asset, </span><span class="pp-class-382 pa t38021 l38025 ls1955">the </span><span class="pp-class-382 pa t38021 l56852 ls1080">gains </span><span class="pp-class-382 pa t38021 l56853 ls2482">or </span><span class="pp-class-382 pa t38021 l56854 ls3566">losses </span><span class="pp-class-382 pa t38021 l14180 ls7096">previously </span><span class="pp-class-382 pa t38021 l56855 ls3474">recognised </span><span class="pp-class-382 pa t38021 l56856 ls2482">in </span><span class="pp-class-382 pa t38021 l56857 ls58">other </span><span class="pp-class-382 pa t38021 l56858 ls2113">comprehensive </span><span class="pp-class-382 pa t38021 l56859 ls3566">income </span><span class="pp-class-382 pa t38021 l56860 ls1974">are </span><span class="pp-class-382 pa t38021 l25310 ls6007">transferred </span><span class="pp-class-382 pa t38021 l56861 ls1772">from </span><span class="pp-class-382 pa t38024 l3 ls3566">equity </span><span class="pp-class-382 pa t38024 l45246 ls1955">and </span><span class="pp-class-382 pa t38024 l53339 ls99">included </span><span class="pp-class-382 pa t38024 l56862 ls2482">in </span><span class="pp-class-382 pa t38024 l16248 ls1955">the </span><span class="pp-class-382 pa t38024 l56863 ls103">initial </span><span class="pp-class-382 pa t38024 l56864 ls4275">measurement </span><span class="pp-class-382 pa t38024 l56865 ls2835">of </span><span class="pp-class-382 pa t38024 l56866 ls1955">the </span><span class="pp-class-382 pa t38024 l56867 ls1344">cost </span><span class="pp-class-382 pa t38024 l56868 ls2835">of </span><span class="pp-class-382 pa t38024 l56869 ls1955">the </span><span class="pp-class-382 pa t38024 l56870 ls3566">non-financial </span><span class="pp-class-382 pa t38024 l56871 ls3566">asset. </span><span class="pp-class-382 pa t38024 l56872 ls1077">For </span><span class="pp-class-382 pa t38024 l56873 ls6360">derivative </span><span class="pp-class-382 pa t38039 l3 ls3572">financial </span><span class="pp-class-382 pa t38039 l56874 ls56">instruments </span><span class="pp-class-382 pa t38039 l56875 ls4275">that </span><span class="pp-class-382 pa t38039 l56876 ls2482">no </span><span class="pp-class-382 pa t38039 l56877 ls3566">longer </span><span class="pp-class-382 pa t38039 l56878 ls214">qualify </span><span class="pp-class-382 pa t38039 l35069 ls1237">for </span><span class="pp-class-382 pa t38039 l56879 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56880 ls187">accounting, </span><span class="pp-class-382 pa t38039 l55935 ls1955">the </span><span class="pp-class-382 pa t38039 l56881 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56882 ls2482">is </span><span class="pp-class-382 pa t38039 l56883 ls2854">dissolved </span><span class="pp-class-382 pa t49735 l3 ls10900">prospectively. </span><span class="pp-class-382 pa t49735 l56884 ls1955">The </span><span class="pp-class-382 pa t49735 l56885 ls1772">accumulated </span><span class="pp-class-382 pa t49735 l56886 ls276">fair </span><span class="pp-class-382 pa t49735 l56887 ls5039">value </span><span class="pp-class-382 pa t49735 l56888 ls2482">in </span><span class="pp-class-382 pa t49735 l56889 ls3566">equity </span><span class="pp-class-382 pa t49735 l56890 ls2482">is </span><span class="pp-class-382 pa t49735 l56891 ls2127">immediately </span><span class="pp-class-382 pa t49735 l56892 ls6007">transferred </span><span class="pp-class-382 pa t49735 l56893 ls103">to </span><span class="pp-class-382 pa t49735 l56894 ls1955">the </span><span class="pp-class-382 pa t49735 l56895 ls2835">income </span><span class="pp-class-382 pa t49748 l3 ls3278">statement </span><span class="pp-class-382 pa t49748 l56896 ls1323">into </span><span class="pp-class-382 pa t49748 l56897 ls1955">the </span><span class="pp-class-382 pa t49748 l56898 ls1344">same </span><span class="pp-class-382 pa t49748 l32537 ls1344">line </span><span class="pp-class-382 pa t49748 l56899 ls1123">item </span><span class="pp-class-382 pa t49748 l56900 ls2482">as </span><span class="pp-class-382 pa t49748 l56901 ls1955">the </span><span class="pp-class-382 pa t49748 l56902 ls3566">hedged </span><span class="pp-class-382 pa t49748 l56903 ls1123">item </span><span class="pp-class-382 pa t49748 l47460 ls2482">is </span><span class="pp-class-382 pa t49748 l56904 ls3474">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t51196 l3 ls1759">Other </span><span class="pp-class-383 pa t51196 l49181 ls1126">financial </span><span class="pp-class-383 pa t51196 l56905 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1772">For </span><span class="pp-class-382 pa t49777 l44017 ls1073">financial </span><span class="pp-class-382 pa t49777 l56906 ls806">instruments </span><span class="pp-class-382 pa t49777 l56907 ls6360">that </span><span class="pp-class-382 pa t49777 l56908 ls1080">do </span><span class="pp-class-382 pa t49777 l56909 ls830">not </span><span class="pp-class-382 pa t49777 l56910 ls2842">fulfil </span><span class="pp-class-382 pa t49777 l56911 ls858">the </span><span class="pp-class-382 pa t49777 l56912 ls2688">requirements </span><span class="pp-class-382 pa t49777 l56913 ls103">of </span><span class="pp-class-382 pa t49777 l56914 ls1759">being </span><span class="pp-class-382 pa t49777 l56915 ls3458">treated </span><span class="pp-class-382 pa t49777 l56916 ls1080">as </span><span class="pp-class-382 pa t49777 l56917 ls1759">hedge </span><span class="pp-class-382 pa t49777 l56918 ls1941">instruments, </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1237">changes </span><span class="pp-class-382 pa t49792 l56919 ls1080">in </span><span class="pp-class-382 pa t49792 l29583 ls3278">fair </span><span class="pp-class-382 pa t49792 l56920 ls1083">value </span><span class="pp-class-382 pa t49792 l56921 ls800">are </span><span class="pp-class-382 pa t49792 l56922 ls2970">recognised </span><span class="pp-class-382 pa t49792 l56923 ls1080">in </span><span class="pp-class-382 pa t49792 l34249 ls858">the </span><span class="pp-class-382 pa t49792 l2583 ls2486">Income </span><span class="pp-class-382 pa t49792 l56924 ls1150">statement </span><span class="pp-class-382 pa t49792 l56925 ls1080">as </span><span class="pp-class-382 pa t49792 l56926 ls1073">financial </span><span class="pp-class-382 pa t49792 l56927 ls2486">income </span><span class="pp-class-382 pa t49792 l56928 ls858">and </span><span class="pp-class-382 pa t49792 l56929 ls1733">cost.</span></p> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2138">Derivative </span><span class="pp-class-383 pa t30083 l56648 ls1126">financial </span><span class="pp-class-383 pa t30083 l47429 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4279">Derivative </span><span class="pp-class-382 pa t30087 l56594 ls1073">financial </span><span class="pp-class-382 pa t30087 l56595 ls806">instruments </span><span class="pp-class-382 pa t30087 l56649 ls800">are </span><span class="pp-class-382 pa t30087 l56650 ls8853">measured </span><span class="pp-class-382 pa t30087 l55437 ls1080">in </span><span class="pp-class-382 pa t30087 l56651 ls1099">the </span><span class="pp-class-382 pa t30087 l56652 ls1237">balance </span><span class="pp-class-382 pa t30087 l56653 ls296">sheet </span><span class="pp-class-382 pa t30087 l56654 ls1083">at </span><span class="pp-class-382 pa t30087 l56655 ls3278">fair </span><span class="pp-class-382 pa t30087 l56656 ls1083">value </span><span class="pp-class-382 pa t30087 l56657 ls1080">as </span><span class="pp-class-382 pa t30087 l54792 ls1243">from </span><span class="pp-class-382 pa t30087 l56658 ls858">the </span><span class="pp-class-382 pa t30087 l56659 ls1859">date </span><span class="pp-class-382 pa t30093 l3 ls2784">where </span><span class="pp-class-382 pa t30093 l3267 ls858">the </span><span class="pp-class-382 pa t30093 l13688 ls4279">derivative </span><span class="pp-class-382 pa t30093 l56660 ls1073">financial </span><span class="pp-class-382 pa t30093 l56661 ls806">instrument </span><span class="pp-class-382 pa t30093 l56662 ls1080">is </span><span class="pp-class-382 pa t30093 l56663 ls3474">concluded. </span><span class="pp-class-382 pa t30093 l56664 ls1099">The </span><span class="pp-class-382 pa t30093 l56665 ls3278">fair </span><span class="pp-class-382 pa t30093 l37923 ls1150">values </span><span class="pp-class-382 pa t30093 l56666 ls103">of </span><span class="pp-class-382 pa t30093 l56667 ls7694">derivatives </span><span class="pp-class-382 pa t30093 l56668 ls1323">financial </span><span class="pp-class-382 pa t30098 l3 ls806">instruments </span><span class="pp-class-382 pa t30098 l45776 ls800">are </span><span class="pp-class-382 pa t30098 l24500 ls852">presented </span><span class="pp-class-382 pa t30098 l3195 ls1080">as </span><span class="pp-class-382 pa t30098 l56669 ls4279">derivative </span><span class="pp-class-382 pa t30098 l56670 ls1073">financial </span><span class="pp-class-382 pa t30098 l56671 ls806">instruments </span><span class="pp-class-382 pa t30098 l56672 ls1759">under </span><span class="pp-class-382 pa t30098 l56673 ls238">assets </span><span class="pp-class-382 pa t30098 l56674 ls1080">if </span><span class="pp-class-382 pa t30098 l56675 ls2088">positive </span><span class="pp-class-382 pa t30098 l56676 ls1080">or </span><span class="pp-class-382 pa t30098 l56677 ls1080">under </span><span class="pp-class-382 pa t30105 l3 ls1118">liabilities </span><span class="pp-class-382 pa t30105 l44406 ls1080">if </span><span class="pp-class-382 pa t30105 l56678 ls1463">negative. </span><span class="pp-class-382 pa t30105 l56679 ls960">Netting </span><span class="pp-class-382 pa t30105 l56680 ls103">of </span><span class="pp-class-382 pa t30105 l56681 ls2088">positive </span><span class="pp-class-382 pa t30105 l56682 ls858">and </span><span class="pp-class-382 pa t30105 l56683 ls2944">negative </span><span class="pp-class-382 pa t30105 l56684 ls4279">derivative </span><span class="pp-class-382 pa t30105 l56685 ls1073">financial </span><span class="pp-class-382 pa t30105 l56686 ls806">instruments </span><span class="pp-class-382 pa t30105 l56687 ls1080">is </span><span class="pp-class-382 pa t30105 l56688 ls4305">only </span><span class="pp-class-382 pa t30110 l3 ls1321">performed </span><span class="pp-class-382 pa t30110 l56689 ls1080">if </span><span class="pp-class-382 pa t30110 l3898 ls858">the </span><span class="pp-class-382 pa t30110 l56690 ls2784">Group </span><span class="pp-class-382 pa t30110 l56691 ls1080">is </span><span class="pp-class-382 pa t30110 l56692 ls830">entitled </span><span class="pp-class-382 pa t30110 l56693 ls1759">to </span><span class="pp-class-382 pa t30110 l56694 ls858">and </span><span class="pp-class-382 pa t30110 l56695 ls858">has </span><span class="pp-class-382 pa t30110 l56696 ls858">the </span><span class="pp-class-382 pa t30110 l56697 ls1321">intention </span><span class="pp-class-382 pa t30110 l56698 ls1759">to </span><span class="pp-class-382 pa t30110 l56699 ls1244">settle </span><span class="pp-class-382 pa t30110 l56700 ls858">the </span><span class="pp-class-382 pa t30110 l56701 ls4279">derivative </span><span class="pp-class-382 pa t30110 l56702 ls1323">financial </span><span class="pp-class-382 pa t37915 l3 ls806">instruments </span><span class="pp-class-382 pa t37915 l45776 ls1080">as </span><span class="pp-class-382 pa t37915 l56703 ls302">a </span><span class="pp-class-382 pa t37915 l56704 ls1323">net. </span><span class="pp-class-382 pa t37915 l50467 ls1772">Fair </span><span class="pp-class-382 pa t37915 l56705 ls1150">values </span><span class="pp-class-382 pa t37915 l56706 ls103">of </span><span class="pp-class-382 pa t37915 l51422 ls4279">derivative </span><span class="pp-class-382 pa t37915 l56707 ls1073">financial </span><span class="pp-class-382 pa t37915 l56708 ls806">instruments </span><span class="pp-class-382 pa t37915 l56709 ls800">are </span><span class="pp-class-382 pa t37915 l49204 ls296">computed </span><span class="pp-class-382 pa t37915 l56710 ls1080">on </span><span class="pp-class-382 pa t37915 l56711 ls1099">the </span><span class="pp-class-382 pa t37915 l56712 ls1759">basis </span><span class="pp-class-382 pa t37915 l56713 ls134">of </span><span class="pp-class-382 pa t37930 l3 ls852">current </span><span class="pp-class-382 pa t37930 l46050 ls3623">market </span><span class="pp-class-382 pa t37930 l34319 ls852">data </span><span class="pp-class-382 pa t37930 l56714 ls1099">and </span><span class="pp-class-382 pa t37930 l56715 ls4396">generally </span><span class="pp-class-382 pa t37930 l11415 ls2142">accepted </span><span class="pp-class-382 pa t37930 l56716 ls828">valuation </span><span class="pp-class-382 pa t37930 l56717 ls3474">methods.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls1237">Fair </span><span class="pp-class-383 pa t49646 l56718 ls2784">value </span><span class="pp-class-383 pa t49646 l56719 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls1237" xmlns="http://www.w3.org/1999/xhtml">Changes </span><span class="pp-class-382 pa t37943 l46658 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37943 l54608 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37943 l53288 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37943 l56720 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37943 l56721 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37943 l56722 ls1073" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t37943 l56723 ls806" xmlns="http://www.w3.org/1999/xhtml">instruments </span><span class="pp-class-382 pa t37943 l56724 ls803" xmlns="http://www.w3.org/1999/xhtml">designated </span><span class="pp-class-382 pa t37943 l49729 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l47066 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37943 l56725 ls1759" xmlns="http://www.w3.org/1999/xhtml">qualifying </span><span class="pp-class-382 pa t37943 l56726 ls3278" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t37943 l56727 ls2142" xmlns="http://www.w3.org/1999/xhtml">recognition </span><span class="pp-class-382 pa t37943 l56728 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l56729 ls12" xmlns="http://www.w3.org/1999/xhtml">a </span><span class="pp-class-382 pa t37948 l3 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37948 l56730 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37948 l30730 ls1759" xmlns="http://www.w3.org/1999/xhtml">hedge </span><span class="pp-class-382 pa t37948 l56731 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37948 l45792 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56732 ls238" xmlns="http://www.w3.org/1999/xhtml">assets </span><span class="pp-class-382 pa t37948 l56733 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37948 l56734 ls1118" xmlns="http://www.w3.org/1999/xhtml">liabilities </span><span class="pp-class-382 pa t37948 l56735 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t37948 l49728 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56736 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37948 l56737 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37948 l56738 ls2486" xmlns="http://www.w3.org/1999/xhtml">income </span><span class="pp-class-382 pa t37948 l56739 ls1150" xmlns="http://www.w3.org/1999/xhtml">statement </span><span class="pp-class-382 pa t37948 l56740 ls819" xmlns="http://www.w3.org/1999/xhtml">together </span><span class="pp-class-382 pa t37961 l3 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t37961 l10466 ls1237" xmlns="http://www.w3.org/1999/xhtml">changes </span><span class="pp-class-382 pa t37961 l30963 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37961 l38976 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56741 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37961 l56742 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37961 l18570 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l4129 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56743 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t37961 l56744 ls1080" xmlns="http://www.w3.org/1999/xhtml">or </span><span class="pp-class-382 pa t37961 l56745 ls1073" xmlns="http://www.w3.org/1999/xhtml">liability </span><span class="pp-class-382 pa t37961 l56746 ls1759" xmlns="http://www.w3.org/1999/xhtml">based </span><span class="pp-class-382 pa t37961 l56747 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t37961 l56748 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56749 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56750 ls3278" xmlns="http://www.w3.org/1999/xhtml">proportion. </span><span class="pp-class-382 pa t37961 l56751 ls1237">Hedging </span><span class="pp-class-382 pa t37961 l56752 ls134">of </span><span class="pp-class-382 pa t37974 l3 ls1083">future </span><span class="pp-class-382 pa t37974 l34026 ls1323">cash </span><span class="pp-class-382 pa t37974 l33487 ls2784">flows </span><span class="pp-class-382 pa t37974 l56753 ls6007">according </span><span class="pp-class-382 pa t37974 l56754 ls1759">to </span><span class="pp-class-382 pa t37974 l56755 ls6007">agreements </span><span class="pp-class-382 pa t37974 l45145 ls1759">(firm </span><span class="pp-class-382 pa t37974 l56756 ls2489">commitments), </span><span class="pp-class-382 pa t37974 l56757 ls3382">except </span><span class="pp-class-382 pa t37974 l56758 ls3278">for </span><span class="pp-class-382 pa t37974 l56759 ls1463">foreign </span><span class="pp-class-382 pa t37974 l56760 ls3377">currency </span><span class="pp-class-382 pa t37974 l56761 ls1099">hedges, </span><span class="pp-class-382 pa t49077 l3 ls1080">is </span><span class="pp-class-382 pa t49077 l46558 ls3458">treated </span><span class="pp-class-382 pa t49077 l56762 ls1080">as </span><span class="pp-class-382 pa t49077 l56763 ls302">a </span><span class="pp-class-382 pa t49077 l56764 ls3278">fair </span><span class="pp-class-382 pa t49077 l56765 ls1083">value </span><span class="pp-class-382 pa t49077 l56766 ls1759">hedge </span><span class="pp-class-382 pa t49077 l16536 ls103">of </span><span class="pp-class-382 pa t49077 l56767 ls302">a </span><span class="pp-class-382 pa t49077 l56768 ls2970">recognised </span><span class="pp-class-382 pa t49077 l56769 ls296">asset </span><span class="pp-class-382 pa t49077 l36990 ls1099">and </span><span class="pp-class-382 pa t49077 l56770 ls185">liability.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls1323">Cash </span><span class="pp-class-383 pa t37977 l45507 ls2944">flow </span><span class="pp-class-383 pa t37977 l56771 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls103">Changes </span><span class="pp-class-382 pa t36901 l56772 ls2482">in </span><span class="pp-class-382 pa t36901 l56773 ls1955">the </span><span class="pp-class-382 pa t36901 l250 ls276">fair </span><span class="pp-class-382 pa t36901 l56774 ls5039">value </span><span class="pp-class-382 pa t36901 l56775 ls2835">of </span><span class="pp-class-382 pa t36901 l18339 ls3572">financial </span><span class="pp-class-382 pa t36901 l56776 ls56">instruments </span><span class="pp-class-382 pa t36901 l56777 ls1319">designated </span><span class="pp-class-382 pa t36901 l56778 ls2482">as </span><span class="pp-class-382 pa t36901 l46236 ls1955">and </span><span class="pp-class-382 pa t36901 l56779 ls85">qualifying </span><span class="pp-class-382 pa t36901 l56780 ls1237">for </span><span class="pp-class-382 pa t36901 l56781 ls1344">cash </span><span class="pp-class-382 pa t36901 l56782 ls1772">flow </span><span class="pp-class-382 pa t36901 l56783 ls1955">hedging </span><span class="pp-class-382 pa t36903 l3 ls1955">and </span><span class="pp-class-382 pa t36903 l56784 ls1080">which </span><span class="pp-class-382 pa t36903 l10920 ls2760">effectively </span><span class="pp-class-382 pa t36903 l56785 ls1080">hedge </span><span class="pp-class-382 pa t36903 l56786 ls103">changes </span><span class="pp-class-382 pa t36903 l17115 ls2482">in </span><span class="pp-class-382 pa t36903 l56787 ls2113">future </span><span class="pp-class-382 pa t36903 l56788 ls1344">cash </span><span class="pp-class-382 pa t36903 l56789 ls2113">flows, </span><span class="pp-class-382 pa t36903 l56790 ls1974">are </span><span class="pp-class-382 pa t36903 l56791 ls3474">recognised </span><span class="pp-class-382 pa t36903 l56792 ls2482">in </span><span class="pp-class-382 pa t36903 l56793 ls58">other </span><span class="pp-class-382 pa t36903 l56794 ls1772">comprehensive </span><span class="pp-class-382 pa t36916 l3 ls869">income. </span><span class="pp-class-382 pa t36916 l31834 ls1955">The </span><span class="pp-class-382 pa t36916 l56795 ls3566">change </span><span class="pp-class-382 pa t36916 l16336 ls2482">in </span><span class="pp-class-382 pa t36916 l56796 ls276">fair </span><span class="pp-class-382 pa t36916 l53013 ls5039">value </span><span class="pp-class-382 pa t36916 l56797 ls4275">that </span><span class="pp-class-382 pa t36916 l53348 ls4305">relates </span><span class="pp-class-382 pa t36916 l56798 ls103">to </span><span class="pp-class-382 pa t36916 l56799 ls1955">the </span><span class="pp-class-382 pa t36916 l56800 ls2088">effective </span><span class="pp-class-382 pa t36916 l45826 ls658">portion </span><span class="pp-class-382 pa t36916 l56801 ls2835">of </span><span class="pp-class-382 pa t36916 l56802 ls1955">the </span><span class="pp-class-382 pa t36916 l54629 ls1344">cash </span><span class="pp-class-382 pa t36916 l56803 ls1772">flow </span><span class="pp-class-382 pa t36916 l56804 ls1080">hedge </span><span class="pp-class-382 pa t36916 l56805 ls254">is </span><span class="pp-class-382 pa t36920 l3 ls3474">recognised </span><span class="pp-class-382 pa t36920 l56806 ls2482">as </span><span class="pp-class-382 pa t36920 l16615 ls16">a </span><span class="pp-class-382 pa t36920 l56690 ls1974">separate </span><span class="pp-class-382 pa t36920 l56807 ls3566">equity </span><span class="pp-class-382 pa t36920 l56808 ls728">reserve </span><span class="pp-class-382 pa t36920 l56809 ls1110">until </span><span class="pp-class-382 pa t36920 l56810 ls1955">the </span><span class="pp-class-382 pa t36920 l56811 ls3566">hedged </span><span class="pp-class-382 pa t36920 l51591 ls1344">cash </span><span class="pp-class-382 pa t36920 l56812 ls1772">flow </span><span class="pp-class-382 pa t36920 l56813 ls1118">impacts </span><span class="pp-class-382 pa t36920 l56814 ls1955">the </span><span class="pp-class-382 pa t36920 l56815 ls3566">income </span><span class="pp-class-382 pa t36920 l56816 ls276">statement. </span><span class="pp-class-382 pa t36928 l3 ls2769">At </span><span class="pp-class-382 pa t36928 l56817 ls1344">this </span><span class="pp-class-382 pa t36928 l56818 ls1110">point </span><span class="pp-class-382 pa t36928 l17453 ls2482">in </span><span class="pp-class-382 pa t36928 l44018 ls1344">time </span><span class="pp-class-382 pa t36928 l50753 ls1955">the </span><span class="pp-class-382 pa t36928 l56819 ls4305">related </span><span class="pp-class-382 pa t36928 l56820 ls1080">gains </span><span class="pp-class-382 pa t36928 l56821 ls2482">or </span><span class="pp-class-382 pa t36928 l56822 ls3566">losses </span><span class="pp-class-382 pa t36928 l56823 ls7096">previously </span><span class="pp-class-382 pa t36928 l56824 ls3474">recognised </span><span class="pp-class-382 pa t36928 l56825 ls2482">in </span><span class="pp-class-382 pa t36928 l56826 ls58">other </span><span class="pp-class-382 pa t36928 l56827 ls2113">comprehensive </span><span class="pp-class-382 pa t36928 l56828 ls2835">income </span><span class="pp-class-382 pa t38016 l3 ls1974">are </span><span class="pp-class-382 pa t38016 l56829 ls6007">transferred </span><span class="pp-class-382 pa t38016 l56830 ls103">to </span><span class="pp-class-382 pa t38016 l32572 ls1955">the </span><span class="pp-class-382 pa t38016 l52521 ls3566">income </span><span class="pp-class-382 pa t38016 l56831 ls3278">statement </span><span class="pp-class-382 pa t38016 l56832 ls1323">into </span><span class="pp-class-382 pa t38016 l56833 ls1955">the </span><span class="pp-class-382 pa t38016 l13649 ls1344">same </span><span class="pp-class-382 pa t38016 l56834 ls1344">line </span><span class="pp-class-382 pa t38016 l56835 ls1123">item </span><span class="pp-class-382 pa t38016 l56836 ls2482">as </span><span class="pp-class-382 pa t38016 l56837 ls1955">the </span><span class="pp-class-382 pa t38016 l56838 ls3566">hedged </span><span class="pp-class-382 pa t38016 l56839 ls1123">item </span><span class="pp-class-382 pa t38016 l56840 ls2482">is </span><span class="pp-class-382 pa t38016 l56841 ls1305">recognised. </span><span class="pp-class-382 pa t49235 l3 ls14073">However, </span><span class="pp-class-382 pa t49235 l56842 ls1344">when </span><span class="pp-class-382 pa t49235 l56843 ls1955">the </span><span class="pp-class-382 pa t49235 l30618 ls3105">forecast </span><span class="pp-class-382 pa t49235 l51090 ls2088">transaction </span><span class="pp-class-382 pa t49235 l56844 ls4275">that </span><span class="pp-class-382 pa t49235 l36927 ls2482">is </span><span class="pp-class-382 pa t49235 l56845 ls3566">hedged </span><span class="pp-class-382 pa t49235 l56846 ls8853">results </span><span class="pp-class-382 pa t49235 l56847 ls2482">in </span><span class="pp-class-382 pa t49235 l56848 ls1955">the </span><span class="pp-class-382 pa t49235 l56849 ls296">recognition </span><span class="pp-class-382 pa t49235 l56850 ls2835">of </span><span class="pp-class-382 pa t49235 l53021 ls16">a </span><span class="pp-class-382 pa t49235 l56851 ls1065">non-financial </span><span class="pp-class-382 pa t38021 l3 ls3566">asset, </span><span class="pp-class-382 pa t38021 l38025 ls1955">the </span><span class="pp-class-382 pa t38021 l56852 ls1080">gains </span><span class="pp-class-382 pa t38021 l56853 ls2482">or </span><span class="pp-class-382 pa t38021 l56854 ls3566">losses </span><span class="pp-class-382 pa t38021 l14180 ls7096">previously </span><span class="pp-class-382 pa t38021 l56855 ls3474">recognised </span><span class="pp-class-382 pa t38021 l56856 ls2482">in </span><span class="pp-class-382 pa t38021 l56857 ls58">other </span><span class="pp-class-382 pa t38021 l56858 ls2113">comprehensive </span><span class="pp-class-382 pa t38021 l56859 ls3566">income </span><span class="pp-class-382 pa t38021 l56860 ls1974">are </span><span class="pp-class-382 pa t38021 l25310 ls6007">transferred </span><span class="pp-class-382 pa t38021 l56861 ls1772">from </span><span class="pp-class-382 pa t38024 l3 ls3566">equity </span><span class="pp-class-382 pa t38024 l45246 ls1955">and </span><span class="pp-class-382 pa t38024 l53339 ls99">included </span><span class="pp-class-382 pa t38024 l56862 ls2482">in </span><span class="pp-class-382 pa t38024 l16248 ls1955">the </span><span class="pp-class-382 pa t38024 l56863 ls103">initial </span><span class="pp-class-382 pa t38024 l56864 ls4275">measurement </span><span class="pp-class-382 pa t38024 l56865 ls2835">of </span><span class="pp-class-382 pa t38024 l56866 ls1955">the </span><span class="pp-class-382 pa t38024 l56867 ls1344">cost </span><span class="pp-class-382 pa t38024 l56868 ls2835">of </span><span class="pp-class-382 pa t38024 l56869 ls1955">the </span><span class="pp-class-382 pa t38024 l56870 ls3566">non-financial </span><span class="pp-class-382 pa t38024 l56871 ls3566">asset. </span><span class="pp-class-382 pa t38024 l56872 ls1077">For </span><span class="pp-class-382 pa t38024 l56873 ls6360">derivative </span><span class="pp-class-382 pa t38039 l3 ls3572">financial </span><span class="pp-class-382 pa t38039 l56874 ls56">instruments </span><span class="pp-class-382 pa t38039 l56875 ls4275">that </span><span class="pp-class-382 pa t38039 l56876 ls2482">no </span><span class="pp-class-382 pa t38039 l56877 ls3566">longer </span><span class="pp-class-382 pa t38039 l56878 ls214">qualify </span><span class="pp-class-382 pa t38039 l35069 ls1237">for </span><span class="pp-class-382 pa t38039 l56879 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56880 ls187">accounting, </span><span class="pp-class-382 pa t38039 l55935 ls1955">the </span><span class="pp-class-382 pa t38039 l56881 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56882 ls2482">is </span><span class="pp-class-382 pa t38039 l56883 ls2854">dissolved </span><span class="pp-class-382 pa t49735 l3 ls10900">prospectively. </span><span class="pp-class-382 pa t49735 l56884 ls1955">The </span><span class="pp-class-382 pa t49735 l56885 ls1772">accumulated </span><span class="pp-class-382 pa t49735 l56886 ls276">fair </span><span class="pp-class-382 pa t49735 l56887 ls5039">value </span><span class="pp-class-382 pa t49735 l56888 ls2482">in </span><span class="pp-class-382 pa t49735 l56889 ls3566">equity </span><span class="pp-class-382 pa t49735 l56890 ls2482">is </span><span class="pp-class-382 pa t49735 l56891 ls2127">immediately </span><span class="pp-class-382 pa t49735 l56892 ls6007">transferred </span><span class="pp-class-382 pa t49735 l56893 ls103">to </span><span class="pp-class-382 pa t49735 l56894 ls1955">the </span><span class="pp-class-382 pa t49735 l56895 ls2835">income </span><span class="pp-class-382 pa t49748 l3 ls3278">statement </span><span class="pp-class-382 pa t49748 l56896 ls1323">into </span><span class="pp-class-382 pa t49748 l56897 ls1955">the </span><span class="pp-class-382 pa t49748 l56898 ls1344">same </span><span class="pp-class-382 pa t49748 l32537 ls1344">line </span><span class="pp-class-382 pa t49748 l56899 ls1123">item </span><span class="pp-class-382 pa t49748 l56900 ls2482">as </span><span class="pp-class-382 pa t49748 l56901 ls1955">the </span><span class="pp-class-382 pa t49748 l56902 ls3566">hedged </span><span class="pp-class-382 pa t49748 l56903 ls1123">item </span><span class="pp-class-382 pa t49748 l47460 ls2482">is </span><span class="pp-class-382 pa t49748 l56904 ls3474">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t51196 l3 ls1759">Other </span><span class="pp-class-383 pa t51196 l49181 ls1126">financial </span><span class="pp-class-383 pa t51196 l56905 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t49777 l3 ls1772">For </span><span class="pp-class-382 pa t49777 l44017 ls1073">financial </span><span class="pp-class-382 pa t49777 l56906 ls806">instruments </span><span class="pp-class-382 pa t49777 l56907 ls6360">that </span><span class="pp-class-382 pa t49777 l56908 ls1080">do </span><span class="pp-class-382 pa t49777 l56909 ls830">not </span><span class="pp-class-382 pa t49777 l56910 ls2842">fulfil </span><span class="pp-class-382 pa t49777 l56911 ls858">the </span><span class="pp-class-382 pa t49777 l56912 ls2688">requirements </span><span class="pp-class-382 pa t49777 l56913 ls103">of </span><span class="pp-class-382 pa t49777 l56914 ls1759">being </span><span class="pp-class-382 pa t49777 l56915 ls3458">treated </span><span class="pp-class-382 pa t49777 l56916 ls1080">as </span><span class="pp-class-382 pa t49777 l56917 ls1759">hedge </span><span class="pp-class-382 pa t49777 l56918 ls1941">instruments, </span><span class="pp-class-382 pa t49792 l3 ls858">the </span><span class="pp-class-382 pa t49792 l43824 ls1237">changes </span><span class="pp-class-382 pa t49792 l56919 ls1080">in </span><span class="pp-class-382 pa t49792 l29583 ls3278">fair </span><span class="pp-class-382 pa t49792 l56920 ls1083">value </span><span class="pp-class-382 pa t49792 l56921 ls800">are </span><span class="pp-class-382 pa t49792 l56922 ls2970">recognised </span><span class="pp-class-382 pa t49792 l56923 ls1080">in </span><span class="pp-class-382 pa t49792 l34249 ls858">the </span><span class="pp-class-382 pa t49792 l2583 ls2486">Income </span><span class="pp-class-382 pa t49792 l56924 ls1150">statement </span><span class="pp-class-382 pa t49792 l56925 ls1080">as </span><span class="pp-class-382 pa t49792 l56926 ls1073">financial </span><span class="pp-class-382 pa t49792 l56927 ls2486">income </span><span class="pp-class-382 pa t49792 l56928 ls858">and </span><span class="pp-class-382 pa t49792 l56929 ls1733">cost.</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2138">Derivative </span><span class="pp-class-383 pa t30083 l56648 ls1126">financial </span><span class="pp-class-383 pa t30083 l47429 ls806">instruments</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls4279">Derivative </span><span class="pp-class-382 pa t30087 l56594 ls1073">financial </span><span class="pp-class-382 pa t30087 l56595 ls806">instruments </span><span class="pp-class-382 pa t30087 l56649 ls800">are </span><span class="pp-class-382 pa t30087 l56650 ls8853">measured </span><span class="pp-class-382 pa t30087 l55437 ls1080">in </span><span class="pp-class-382 pa t30087 l56651 ls1099">the </span><span class="pp-class-382 pa t30087 l56652 ls1237">balance </span><span class="pp-class-382 pa t30087 l56653 ls296">sheet </span><span class="pp-class-382 pa t30087 l56654 ls1083">at </span><span class="pp-class-382 pa t30087 l56655 ls3278">fair </span><span class="pp-class-382 pa t30087 l56656 ls1083">value </span><span class="pp-class-382 pa t30087 l56657 ls1080">as </span><span class="pp-class-382 pa t30087 l54792 ls1243">from </span><span class="pp-class-382 pa t30087 l56658 ls858">the </span><span class="pp-class-382 pa t30087 l56659 ls1859">date </span><span class="pp-class-382 pa t30093 l3 ls2784">where </span><span class="pp-class-382 pa t30093 l3267 ls858">the </span><span class="pp-class-382 pa t30093 l13688 ls4279">derivative </span><span class="pp-class-382 pa t30093 l56660 ls1073">financial </span><span class="pp-class-382 pa t30093 l56661 ls806">instrument </span><span class="pp-class-382 pa t30093 l56662 ls1080">is </span><span class="pp-class-382 pa t30093 l56663 ls3474">concluded. </span><span class="pp-class-382 pa t30093 l56664 ls1099">The </span><span class="pp-class-382 pa t30093 l56665 ls3278">fair </span><span class="pp-class-382 pa t30093 l37923 ls1150">values </span><span class="pp-class-382 pa t30093 l56666 ls103">of </span><span class="pp-class-382 pa t30093 l56667 ls7694">derivatives </span><span class="pp-class-382 pa t30093 l56668 ls1323">financial </span><span class="pp-class-382 pa t30098 l3 ls806">instruments </span><span class="pp-class-382 pa t30098 l45776 ls800">are </span><span class="pp-class-382 pa t30098 l24500 ls852">presented </span><span class="pp-class-382 pa t30098 l3195 ls1080">as </span><span class="pp-class-382 pa t30098 l56669 ls4279">derivative </span><span class="pp-class-382 pa t30098 l56670 ls1073">financial </span><span class="pp-class-382 pa t30098 l56671 ls806">instruments </span><span class="pp-class-382 pa t30098 l56672 ls1759">under </span><span class="pp-class-382 pa t30098 l56673 ls238">assets </span><span class="pp-class-382 pa t30098 l56674 ls1080">if </span><span class="pp-class-382 pa t30098 l56675 ls2088">positive </span><span class="pp-class-382 pa t30098 l56676 ls1080">or </span><span class="pp-class-382 pa t30098 l56677 ls1080">under </span><span class="pp-class-382 pa t30105 l3 ls1118">liabilities </span><span class="pp-class-382 pa t30105 l44406 ls1080">if </span><span class="pp-class-382 pa t30105 l56678 ls1463">negative. </span><span class="pp-class-382 pa t30105 l56679 ls960">Netting </span><span class="pp-class-382 pa t30105 l56680 ls103">of </span><span class="pp-class-382 pa t30105 l56681 ls2088">positive </span><span class="pp-class-382 pa t30105 l56682 ls858">and </span><span class="pp-class-382 pa t30105 l56683 ls2944">negative </span><span class="pp-class-382 pa t30105 l56684 ls4279">derivative </span><span class="pp-class-382 pa t30105 l56685 ls1073">financial </span><span class="pp-class-382 pa t30105 l56686 ls806">instruments </span><span class="pp-class-382 pa t30105 l56687 ls1080">is </span><span class="pp-class-382 pa t30105 l56688 ls4305">only </span><span class="pp-class-382 pa t30110 l3 ls1321">performed </span><span class="pp-class-382 pa t30110 l56689 ls1080">if </span><span class="pp-class-382 pa t30110 l3898 ls858">the </span><span class="pp-class-382 pa t30110 l56690 ls2784">Group </span><span class="pp-class-382 pa t30110 l56691 ls1080">is </span><span class="pp-class-382 pa t30110 l56692 ls830">entitled </span><span class="pp-class-382 pa t30110 l56693 ls1759">to </span><span class="pp-class-382 pa t30110 l56694 ls858">and </span><span class="pp-class-382 pa t30110 l56695 ls858">has </span><span class="pp-class-382 pa t30110 l56696 ls858">the </span><span class="pp-class-382 pa t30110 l56697 ls1321">intention </span><span class="pp-class-382 pa t30110 l56698 ls1759">to </span><span class="pp-class-382 pa t30110 l56699 ls1244">settle </span><span class="pp-class-382 pa t30110 l56700 ls858">the </span><span class="pp-class-382 pa t30110 l56701 ls4279">derivative </span><span class="pp-class-382 pa t30110 l56702 ls1323">financial </span><span class="pp-class-382 pa t37915 l3 ls806">instruments </span><span class="pp-class-382 pa t37915 l45776 ls1080">as </span><span class="pp-class-382 pa t37915 l56703 ls302">a </span><span class="pp-class-382 pa t37915 l56704 ls1323">net. </span><span class="pp-class-382 pa t37915 l50467 ls1772">Fair </span><span class="pp-class-382 pa t37915 l56705 ls1150">values </span><span class="pp-class-382 pa t37915 l56706 ls103">of </span><span class="pp-class-382 pa t37915 l51422 ls4279">derivative </span><span class="pp-class-382 pa t37915 l56707 ls1073">financial </span><span class="pp-class-382 pa t37915 l56708 ls806">instruments </span><span class="pp-class-382 pa t37915 l56709 ls800">are </span><span class="pp-class-382 pa t37915 l49204 ls296">computed </span><span class="pp-class-382 pa t37915 l56710 ls1080">on </span><span class="pp-class-382 pa t37915 l56711 ls1099">the </span><span class="pp-class-382 pa t37915 l56712 ls1759">basis </span><span class="pp-class-382 pa t37915 l56713 ls134">of </span><span class="pp-class-382 pa t37930 l3 ls852">current </span><span class="pp-class-382 pa t37930 l46050 ls3623">market </span><span class="pp-class-382 pa t37930 l34319 ls852">data </span><span class="pp-class-382 pa t37930 l56714 ls1099">and </span><span class="pp-class-382 pa t37930 l56715 ls4396">generally </span><span class="pp-class-382 pa t37930 l11415 ls2142">accepted </span><span class="pp-class-382 pa t37930 l56716 ls828">valuation </span><span class="pp-class-382 pa t37930 l56717 ls3474">methods.</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls1237">Fair </span><span class="pp-class-383 pa t49646 l56718 ls2784">value </span><span class="pp-class-383 pa t49646 l56719 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls1237" xmlns="http://www.w3.org/1999/xhtml">Changes </span><span class="pp-class-382 pa t37943 l46658 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37943 l54608 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37943 l53288 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37943 l56720 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37943 l56721 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37943 l56722 ls1073" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t37943 l56723 ls806" xmlns="http://www.w3.org/1999/xhtml">instruments </span><span class="pp-class-382 pa t37943 l56724 ls803" xmlns="http://www.w3.org/1999/xhtml">designated </span><span class="pp-class-382 pa t37943 l49729 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l47066 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37943 l56725 ls1759" xmlns="http://www.w3.org/1999/xhtml">qualifying </span><span class="pp-class-382 pa t37943 l56726 ls3278" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t37943 l56727 ls2142" xmlns="http://www.w3.org/1999/xhtml">recognition </span><span class="pp-class-382 pa t37943 l56728 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l56729 ls12" xmlns="http://www.w3.org/1999/xhtml">a </span><span class="pp-class-382 pa t37948 l3 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37948 l56730 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37948 l30730 ls1759" xmlns="http://www.w3.org/1999/xhtml">hedge </span><span class="pp-class-382 pa t37948 l56731 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37948 l45792 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56732 ls238" xmlns="http://www.w3.org/1999/xhtml">assets </span><span class="pp-class-382 pa t37948 l56733 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37948 l56734 ls1118" xmlns="http://www.w3.org/1999/xhtml">liabilities </span><span class="pp-class-382 pa t37948 l56735 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t37948 l49728 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56736 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37948 l56737 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37948 l56738 ls2486" xmlns="http://www.w3.org/1999/xhtml">income </span><span class="pp-class-382 pa t37948 l56739 ls1150" xmlns="http://www.w3.org/1999/xhtml">statement </span><span class="pp-class-382 pa t37948 l56740 ls819" xmlns="http://www.w3.org/1999/xhtml">together </span><span class="pp-class-382 pa t37961 l3 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t37961 l10466 ls1237" xmlns="http://www.w3.org/1999/xhtml">changes </span><span class="pp-class-382 pa t37961 l30963 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37961 l38976 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56741 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37961 l56742 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37961 l18570 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l4129 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56743 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t37961 l56744 ls1080" xmlns="http://www.w3.org/1999/xhtml">or </span><span class="pp-class-382 pa t37961 l56745 ls1073" xmlns="http://www.w3.org/1999/xhtml">liability </span><span class="pp-class-382 pa t37961 l56746 ls1759" xmlns="http://www.w3.org/1999/xhtml">based </span><span class="pp-class-382 pa t37961 l56747 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t37961 l56748 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56749 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56750 ls3278" xmlns="http://www.w3.org/1999/xhtml">proportion. </span><span class="pp-class-382 pa t37961 l56751 ls1237">Hedging </span><span class="pp-class-382 pa t37961 l56752 ls134">of </span><span class="pp-class-382 pa t37974 l3 ls1083">future </span><span class="pp-class-382 pa t37974 l34026 ls1323">cash </span><span class="pp-class-382 pa t37974 l33487 ls2784">flows </span><span class="pp-class-382 pa t37974 l56753 ls6007">according </span><span class="pp-class-382 pa t37974 l56754 ls1759">to </span><span class="pp-class-382 pa t37974 l56755 ls6007">agreements </span><span class="pp-class-382 pa t37974 l45145 ls1759">(firm </span><span class="pp-class-382 pa t37974 l56756 ls2489">commitments), </span><span class="pp-class-382 pa t37974 l56757 ls3382">except </span><span class="pp-class-382 pa t37974 l56758 ls3278">for </span><span class="pp-class-382 pa t37974 l56759 ls1463">foreign </span><span class="pp-class-382 pa t37974 l56760 ls3377">currency </span><span class="pp-class-382 pa t37974 l56761 ls1099">hedges, </span><span class="pp-class-382 pa t49077 l3 ls1080">is </span><span class="pp-class-382 pa t49077 l46558 ls3458">treated </span><span class="pp-class-382 pa t49077 l56762 ls1080">as </span><span class="pp-class-382 pa t49077 l56763 ls302">a </span><span class="pp-class-382 pa t49077 l56764 ls3278">fair </span><span class="pp-class-382 pa t49077 l56765 ls1083">value </span><span class="pp-class-382 pa t49077 l56766 ls1759">hedge </span><span class="pp-class-382 pa t49077 l16536 ls103">of </span><span class="pp-class-382 pa t49077 l56767 ls302">a </span><span class="pp-class-382 pa t49077 l56768 ls2970">recognised </span><span class="pp-class-382 pa t49077 l56769 ls296">asset </span><span class="pp-class-382 pa t49077 l36990 ls1099">and </span><span class="pp-class-382 pa t49077 l56770 ls185">liability.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t37977 l3 ls1323">Cash </span><span class="pp-class-383 pa t37977 l45507 ls2944">flow </span><span class="pp-class-383 pa t37977 l56771 ls1323">hedge</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t36901 l3 ls103">Changes </span><span class="pp-class-382 pa t36901 l56772 ls2482">in </span><span class="pp-class-382 pa t36901 l56773 ls1955">the </span><span class="pp-class-382 pa t36901 l250 ls276">fair </span><span class="pp-class-382 pa t36901 l56774 ls5039">value </span><span class="pp-class-382 pa t36901 l56775 ls2835">of </span><span class="pp-class-382 pa t36901 l18339 ls3572">financial </span><span class="pp-class-382 pa t36901 l56776 ls56">instruments </span><span class="pp-class-382 pa t36901 l56777 ls1319">designated </span><span class="pp-class-382 pa t36901 l56778 ls2482">as </span><span class="pp-class-382 pa t36901 l46236 ls1955">and </span><span class="pp-class-382 pa t36901 l56779 ls85">qualifying </span><span class="pp-class-382 pa t36901 l56780 ls1237">for </span><span class="pp-class-382 pa t36901 l56781 ls1344">cash </span><span class="pp-class-382 pa t36901 l56782 ls1772">flow </span><span class="pp-class-382 pa t36901 l56783 ls1955">hedging </span><span class="pp-class-382 pa t36903 l3 ls1955">and </span><span class="pp-class-382 pa t36903 l56784 ls1080">which </span><span class="pp-class-382 pa t36903 l10920 ls2760">effectively </span><span class="pp-class-382 pa t36903 l56785 ls1080">hedge </span><span class="pp-class-382 pa t36903 l56786 ls103">changes </span><span class="pp-class-382 pa t36903 l17115 ls2482">in </span><span class="pp-class-382 pa t36903 l56787 ls2113">future </span><span class="pp-class-382 pa t36903 l56788 ls1344">cash </span><span class="pp-class-382 pa t36903 l56789 ls2113">flows, </span><span class="pp-class-382 pa t36903 l56790 ls1974">are </span><span class="pp-class-382 pa t36903 l56791 ls3474">recognised </span><span class="pp-class-382 pa t36903 l56792 ls2482">in </span><span class="pp-class-382 pa t36903 l56793 ls58">other </span><span class="pp-class-382 pa t36903 l56794 ls1772">comprehensive </span><span class="pp-class-382 pa t36916 l3 ls869">income. </span><span class="pp-class-382 pa t36916 l31834 ls1955">The </span><span class="pp-class-382 pa t36916 l56795 ls3566">change </span><span class="pp-class-382 pa t36916 l16336 ls2482">in </span><span class="pp-class-382 pa t36916 l56796 ls276">fair </span><span class="pp-class-382 pa t36916 l53013 ls5039">value </span><span class="pp-class-382 pa t36916 l56797 ls4275">that </span><span class="pp-class-382 pa t36916 l53348 ls4305">relates </span><span class="pp-class-382 pa t36916 l56798 ls103">to </span><span class="pp-class-382 pa t36916 l56799 ls1955">the </span><span class="pp-class-382 pa t36916 l56800 ls2088">effective </span><span class="pp-class-382 pa t36916 l45826 ls658">portion </span><span class="pp-class-382 pa t36916 l56801 ls2835">of </span><span class="pp-class-382 pa t36916 l56802 ls1955">the </span><span class="pp-class-382 pa t36916 l54629 ls1344">cash </span><span class="pp-class-382 pa t36916 l56803 ls1772">flow </span><span class="pp-class-382 pa t36916 l56804 ls1080">hedge </span><span class="pp-class-382 pa t36916 l56805 ls254">is </span><span class="pp-class-382 pa t36920 l3 ls3474">recognised </span><span class="pp-class-382 pa t36920 l56806 ls2482">as </span><span class="pp-class-382 pa t36920 l16615 ls16">a </span><span class="pp-class-382 pa t36920 l56690 ls1974">separate </span><span class="pp-class-382 pa t36920 l56807 ls3566">equity </span><span class="pp-class-382 pa t36920 l56808 ls728">reserve </span><span class="pp-class-382 pa t36920 l56809 ls1110">until </span><span class="pp-class-382 pa t36920 l56810 ls1955">the </span><span class="pp-class-382 pa t36920 l56811 ls3566">hedged </span><span class="pp-class-382 pa t36920 l51591 ls1344">cash </span><span class="pp-class-382 pa t36920 l56812 ls1772">flow </span><span class="pp-class-382 pa t36920 l56813 ls1118">impacts </span><span class="pp-class-382 pa t36920 l56814 ls1955">the </span><span class="pp-class-382 pa t36920 l56815 ls3566">income </span><span class="pp-class-382 pa t36920 l56816 ls276">statement. </span><span class="pp-class-382 pa t36928 l3 ls2769">At </span><span class="pp-class-382 pa t36928 l56817 ls1344">this </span><span class="pp-class-382 pa t36928 l56818 ls1110">point </span><span class="pp-class-382 pa t36928 l17453 ls2482">in </span><span class="pp-class-382 pa t36928 l44018 ls1344">time </span><span class="pp-class-382 pa t36928 l50753 ls1955">the </span><span class="pp-class-382 pa t36928 l56819 ls4305">related </span><span class="pp-class-382 pa t36928 l56820 ls1080">gains </span><span class="pp-class-382 pa t36928 l56821 ls2482">or </span><span class="pp-class-382 pa t36928 l56822 ls3566">losses </span><span class="pp-class-382 pa t36928 l56823 ls7096">previously </span><span class="pp-class-382 pa t36928 l56824 ls3474">recognised </span><span class="pp-class-382 pa t36928 l56825 ls2482">in </span><span class="pp-class-382 pa t36928 l56826 ls58">other </span><span class="pp-class-382 pa t36928 l56827 ls2113">comprehensive </span><span class="pp-class-382 pa t36928 l56828 ls2835">income </span><span class="pp-class-382 pa t38016 l3 ls1974">are </span><span class="pp-class-382 pa t38016 l56829 ls6007">transferred </span><span class="pp-class-382 pa t38016 l56830 ls103">to </span><span class="pp-class-382 pa t38016 l32572 ls1955">the </span><span class="pp-class-382 pa t38016 l52521 ls3566">income </span><span class="pp-class-382 pa t38016 l56831 ls3278">statement </span><span class="pp-class-382 pa t38016 l56832 ls1323">into </span><span class="pp-class-382 pa t38016 l56833 ls1955">the </span><span class="pp-class-382 pa t38016 l13649 ls1344">same </span><span class="pp-class-382 pa t38016 l56834 ls1344">line </span><span class="pp-class-382 pa t38016 l56835 ls1123">item </span><span class="pp-class-382 pa t38016 l56836 ls2482">as </span><span class="pp-class-382 pa t38016 l56837 ls1955">the </span><span class="pp-class-382 pa t38016 l56838 ls3566">hedged </span><span class="pp-class-382 pa t38016 l56839 ls1123">item </span><span class="pp-class-382 pa t38016 l56840 ls2482">is </span><span class="pp-class-382 pa t38016 l56841 ls1305">recognised. </span><span class="pp-class-382 pa t49235 l3 ls14073">However, </span><span class="pp-class-382 pa t49235 l56842 ls1344">when </span><span class="pp-class-382 pa t49235 l56843 ls1955">the </span><span class="pp-class-382 pa t49235 l30618 ls3105">forecast </span><span class="pp-class-382 pa t49235 l51090 ls2088">transaction </span><span class="pp-class-382 pa t49235 l56844 ls4275">that </span><span class="pp-class-382 pa t49235 l36927 ls2482">is </span><span class="pp-class-382 pa t49235 l56845 ls3566">hedged </span><span class="pp-class-382 pa t49235 l56846 ls8853">results </span><span class="pp-class-382 pa t49235 l56847 ls2482">in </span><span class="pp-class-382 pa t49235 l56848 ls1955">the </span><span class="pp-class-382 pa t49235 l56849 ls296">recognition </span><span class="pp-class-382 pa t49235 l56850 ls2835">of </span><span class="pp-class-382 pa t49235 l53021 ls16">a </span><span class="pp-class-382 pa t49235 l56851 ls1065">non-financial </span><span class="pp-class-382 pa t38021 l3 ls3566">asset, </span><span class="pp-class-382 pa t38021 l38025 ls1955">the </span><span class="pp-class-382 pa t38021 l56852 ls1080">gains </span><span class="pp-class-382 pa t38021 l56853 ls2482">or </span><span class="pp-class-382 pa t38021 l56854 ls3566">losses </span><span class="pp-class-382 pa t38021 l14180 ls7096">previously </span><span class="pp-class-382 pa t38021 l56855 ls3474">recognised </span><span class="pp-class-382 pa t38021 l56856 ls2482">in </span><span class="pp-class-382 pa t38021 l56857 ls58">other </span><span class="pp-class-382 pa t38021 l56858 ls2113">comprehensive </span><span class="pp-class-382 pa t38021 l56859 ls3566">income </span><span class="pp-class-382 pa t38021 l56860 ls1974">are </span><span class="pp-class-382 pa t38021 l25310 ls6007">transferred </span><span class="pp-class-382 pa t38021 l56861 ls1772">from </span><span class="pp-class-382 pa t38024 l3 ls3566">equity </span><span class="pp-class-382 pa t38024 l45246 ls1955">and </span><span class="pp-class-382 pa t38024 l53339 ls99">included </span><span class="pp-class-382 pa t38024 l56862 ls2482">in </span><span class="pp-class-382 pa t38024 l16248 ls1955">the </span><span class="pp-class-382 pa t38024 l56863 ls103">initial </span><span class="pp-class-382 pa t38024 l56864 ls4275">measurement </span><span class="pp-class-382 pa t38024 l56865 ls2835">of </span><span class="pp-class-382 pa t38024 l56866 ls1955">the </span><span class="pp-class-382 pa t38024 l56867 ls1344">cost </span><span class="pp-class-382 pa t38024 l56868 ls2835">of </span><span class="pp-class-382 pa t38024 l56869 ls1955">the </span><span class="pp-class-382 pa t38024 l56870 ls3566">non-financial </span><span class="pp-class-382 pa t38024 l56871 ls3566">asset. </span><span class="pp-class-382 pa t38024 l56872 ls1077">For </span><span class="pp-class-382 pa t38024 l56873 ls6360">derivative </span><span class="pp-class-382 pa t38039 l3 ls3572">financial </span><span class="pp-class-382 pa t38039 l56874 ls56">instruments </span><span class="pp-class-382 pa t38039 l56875 ls4275">that </span><span class="pp-class-382 pa t38039 l56876 ls2482">no </span><span class="pp-class-382 pa t38039 l56877 ls3566">longer </span><span class="pp-class-382 pa t38039 l56878 ls214">qualify </span><span class="pp-class-382 pa t38039 l35069 ls1237">for </span><span class="pp-class-382 pa t38039 l56879 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56880 ls187">accounting, </span><span class="pp-class-382 pa t38039 l55935 ls1955">the </span><span class="pp-class-382 pa t38039 l56881 ls1080">hedge </span><span class="pp-class-382 pa t38039 l56882 ls2482">is </span><span class="pp-class-382 pa t38039 l56883 ls2854">dissolved </span><span class="pp-class-382 pa t49735 l3 ls10900">prospectively. </span><span class="pp-class-382 pa t49735 l56884 ls1955">The </span><span class="pp-class-382 pa t49735 l56885 ls1772">accumulated </span><span class="pp-class-382 pa t49735 l56886 ls276">fair </span><span class="pp-class-382 pa t49735 l56887 ls5039">value </span><span class="pp-class-382 pa t49735 l56888 ls2482">in </span><span class="pp-class-382 pa t49735 l56889 ls3566">equity </span><span class="pp-class-382 pa t49735 l56890 ls2482">is </span><span class="pp-class-382 pa t49735 l56891 ls2127">immediately </span><span class="pp-class-382 pa t49735 l56892 ls6007">transferred </span><span class="pp-class-382 pa t49735 l56893 ls103">to </span><span class="pp-class-382 pa t49735 l56894 ls1955">the </span><span class="pp-class-382 pa t49735 l56895 ls2835">income </span><span class="pp-class-382 pa t49748 l3 ls3278">statement </span><span class="pp-class-382 pa t49748 l56896 ls1323">into </span><span class="pp-class-382 pa t49748 l56897 ls1955">the </span><span class="pp-class-382 pa t49748 l56898 ls1344">same </span><span class="pp-class-382 pa t49748 l32537 ls1344">line </span><span class="pp-class-382 pa t49748 l56899 ls1123">item </span><span class="pp-class-382 pa t49748 l56900 ls2482">as </span><span class="pp-class-382 pa t49748 l56901 ls1955">the </span><span class="pp-class-382 pa t49748 l56902 ls3566">hedged </span><span class="pp-class-382 pa t49748 l56903 ls1123">item </span><span class="pp-class-382 pa t49748 l47460 ls2482">is </span><span class="pp-class-382 pa t49748 l56904 ls3474">recognised.</span></p> <span class="pp-class-382 pa t37943 l3 ls1237" xmlns="http://www.w3.org/1999/xhtml">Changes </span><span class="pp-class-382 pa t37943 l46658 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37943 l54608 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37943 l53288 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37943 l56720 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37943 l56721 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37943 l56722 ls1073" xmlns="http://www.w3.org/1999/xhtml">financial </span><span class="pp-class-382 pa t37943 l56723 ls806" xmlns="http://www.w3.org/1999/xhtml">instruments </span><span class="pp-class-382 pa t37943 l56724 ls803" xmlns="http://www.w3.org/1999/xhtml">designated </span><span class="pp-class-382 pa t37943 l49729 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l47066 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37943 l56725 ls1759" xmlns="http://www.w3.org/1999/xhtml">qualifying </span><span class="pp-class-382 pa t37943 l56726 ls3278" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-382 pa t37943 l56727 ls2142" xmlns="http://www.w3.org/1999/xhtml">recognition </span><span class="pp-class-382 pa t37943 l56728 ls1080" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-382 pa t37943 l56729 ls12" xmlns="http://www.w3.org/1999/xhtml">a </span><span class="pp-class-382 pa t37948 l3 ls3278" xmlns="http://www.w3.org/1999/xhtml">fair </span><span class="pp-class-382 pa t37948 l56730 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37948 l30730 ls1759" xmlns="http://www.w3.org/1999/xhtml">hedge </span><span class="pp-class-382 pa t37948 l56731 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37948 l45792 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56732 ls238" xmlns="http://www.w3.org/1999/xhtml">assets </span><span class="pp-class-382 pa t37948 l56733 ls858" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-382 pa t37948 l56734 ls1118" xmlns="http://www.w3.org/1999/xhtml">liabilities </span><span class="pp-class-382 pa t37948 l56735 ls800" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-382 pa t37948 l49728 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t37948 l56736 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37948 l56737 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37948 l56738 ls2486" xmlns="http://www.w3.org/1999/xhtml">income </span><span class="pp-class-382 pa t37948 l56739 ls1150" xmlns="http://www.w3.org/1999/xhtml">statement </span><span class="pp-class-382 pa t37948 l56740 ls819" xmlns="http://www.w3.org/1999/xhtml">together </span><span class="pp-class-382 pa t37961 l3 ls1323" xmlns="http://www.w3.org/1999/xhtml">with </span><span class="pp-class-382 pa t37961 l10466 ls1237" xmlns="http://www.w3.org/1999/xhtml">changes </span><span class="pp-class-382 pa t37961 l30963 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t37961 l38976 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56741 ls1083" xmlns="http://www.w3.org/1999/xhtml">value </span><span class="pp-class-382 pa t37961 l56742 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t37961 l18570 ls858" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l4129 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56743 ls296" xmlns="http://www.w3.org/1999/xhtml">asset </span><span class="pp-class-382 pa t37961 l56744 ls1080" xmlns="http://www.w3.org/1999/xhtml">or </span><span class="pp-class-382 pa t37961 l56745 ls1073" xmlns="http://www.w3.org/1999/xhtml">liability </span><span class="pp-class-382 pa t37961 l56746 ls1759" xmlns="http://www.w3.org/1999/xhtml">based </span><span class="pp-class-382 pa t37961 l56747 ls1080" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-382 pa t37961 l56748 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t37961 l56749 ls2486" xmlns="http://www.w3.org/1999/xhtml">hedged </span><span class="pp-class-382 pa t37961 l56750 ls3278" xmlns="http://www.w3.org/1999/xhtml">proportion. </span> <div id="pp-id-5247" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h56930 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1323">4.3 </span><span class="pp-class-370 pa t21055 l43638">Changes </span><span class="pp-class-370 pa t21055 l56931">in </span><span class="pp-class-370 pa t21055 l56932">liabilities </span><span class="pp-class-370 pa t21055 l56933">arising </span><span class="pp-class-370 pa t21055 l56934 ls897">from </span><span class="pp-class-370 pa t21055 l56935 ls986">financing </span><span class="pp-class-370 pa t21055 l56936 ls1005">activities</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls858">The </span><span class="pp-class-382 pa t45774 l16631 ls1118">table </span><span class="pp-class-382 pa t45774 l56500 ls2142">below </span><span class="pp-class-382 pa t45774 l56501 ls1073">discloses </span><span class="pp-class-382 pa t45774 l56937 ls858">the </span><span class="pp-class-382 pa t45774 l56938 ls1323">cash </span><span class="pp-class-382 pa t45774 l56939 ls1080">as </span><span class="pp-class-382 pa t45774 l56940 ls960">well </span><span class="pp-class-382 pa t45774 l56941 ls1080">as </span><span class="pp-class-382 pa t45774 l56942 ls99">non-cash </span><span class="pp-class-382 pa t45774 l2965 ls1237">changes </span><span class="pp-class-382 pa t45774 l56943 ls1080">in </span><span class="pp-class-382 pa t45774 l47462 ls2784">interest-bearing </span><span class="pp-class-382 pa t45774 l53308 ls1118">liabilities </span><span class="pp-class-382 pa t45774 l52978 ls858">and </span><span class="pp-class-382 pa t45774 l56944 ls4305">derivative </span><span class="pp-class-382 pa t45789 l3 ls1073">financial </span><span class="pp-class-382 pa t45789 l4513 ls806">instruments </span><span class="pp-class-382 pa t45789 l56945 ls3458">related </span><span class="pp-class-382 pa t45789 l56946 ls1759">to </span><span class="pp-class-382 pa t45789 l56947 ls2486">issued </span><span class="pp-class-382 pa t45789 l48210 ls3377">corporate </span><span class="pp-class-382 pa t45789 l44426 ls1110">bonds. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45963 l3 ls858">The </span><span class="pp-class-382 pa t45963 l16631 ls1237">changes </span><span class="pp-class-382 pa t45963 l56948 ls1237">arising </span><span class="pp-class-382 pa t45963 l56949 ls1243">from </span><span class="pp-class-382 pa t45963 l56950 ls1323">cash </span><span class="pp-class-382 pa t45963 l51439 ls2784">flows </span><span class="pp-class-382 pa t45963 l56951 ls3278">form </span><span class="pp-class-382 pa t45963 l17370 ls658">part </span><span class="pp-class-382 pa t45963 l41569 ls103">of </span><span class="pp-class-382 pa t45963 l56952 ls1099">the </span><span class="pp-class-382 pa t45963 l56953 ls1323">cash </span><span class="pp-class-382 pa t45963 l56954 ls2784">flows </span><span class="pp-class-382 pa t45963 l56955 ls1243">from </span><span class="pp-class-382 pa t45963 l56956 ls1073">financing </span><span class="pp-class-382 pa t45963 l56957 ls688">activities </span><span class="pp-class-382 pa t45963 l56958 ls1080">in </span><span class="pp-class-382 pa t45963 l56959 ls858">the </span><span class="pp-class-382 pa t45963 l56960 ls1150">statement </span><span class="pp-class-382 pa t45963 l56961 ls134">of </span><span class="pp-class-382 pa t45817 l3 ls1323">cash </span><span class="pp-class-382 pa t45817 l8272 ls2784">flows.</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56962 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56962 l2340"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56962 l56963"/></p></td><td colspan="5" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56962 l56964">Non-cash </span><span class="pp-class-373 pa t56962 l56965">changes</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56962 l9681"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56966 l3">DKK </span><span class="pp-class-372 pa t56966 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56967 l56968">1 </span><span class="pp-class-373 pa t56967 l56969">Jan.</span><span class="pp-class-373 pa t56966 l22353 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56967 l56970">Cash</span><span class="pp-class-373 pa t56966 l56971 ls103">flows</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56972 l56973 ls1859">Additions </span><span class="pp-class-373 pa t56974 l56975 ls276">from </span><span class="pp-class-373 pa t56967 l16538 ls1772">acqui-</span><span class="pp-class-373 pa t56966 l56976 ls2486">sitions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56972 l56977 ls3474">Foreign </span><span class="pp-class-373 pa t56974 l56978 ls2459">exchange </span><span class="pp-class-373 pa t56967 l56979 ls3458">move-</span><span class="pp-class-373 pa t56966 l56980 ls276">ments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56981 l56982 ls103">New/ </span><span class="pp-class-373 pa t56972 l56983 ls124">disposed/</span><span class="pp-class-373 pa t56974 l56984 ls3566">Remea-</span><span class="pp-class-373 pa t56967 l56985 ls274">sured </span><span class="pp-class-373 pa t56966 l56986 ls246">leases</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56974 l56987 ls813">Fair </span><span class="pp-class-373 pa t56967 l56988 ls110">value </span><span class="pp-class-373 pa t56966 l56989 ls2486">changes</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56967 l56990 ls6330">Other </span><span class="pp-class-373 pa t56966 l56991 ls2787 wtro3159 wtr1293 tro3160 tr1294">changes</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56967 l56992">31 </span><span class="pp-class-373 pa t56967 l56993 ls150">Dec. </span><span class="pp-class-373 pa t56966 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56994 l3">Changes </span><span class="pp-class-373 pa t56994 l41662">in </span><span class="pp-class-373 pa t56994 l44472 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t56995 l3 ls316">Interest-bearing </span><span class="pp-class-373 pa t56996 l3">liabilities:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56997 l3">Bank </span><span class="pp-class-372 pa t56997 l55868">loans </span><span class="pp-class-372 pa t56997 l55869">and </span><span class="pp-class-372 pa t56998 l3 ls2329">mortgage </span><span class="pp-class-372 pa t56998 l43244">on </span><span class="pp-class-372 pa t56998 l56999 ls704">ferries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56998 l4199 ls1859">8,140</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56998 l57000 ls21295">1,796</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56998 l49154">492</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56998 l57001">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56998 l57002">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t56998 l57003 ls11558">10,445</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57004 l3">Issued </span><span class="pp-class-372 pa t57004 l46451 ls68">corporate </span><span class="pp-class-372 pa t57004 l55878">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57004 l57005 ls302">1,257</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57004 l57006">943</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57004 l6608">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57004 l57007">-88</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57004 l57008">-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57004 l57009 ls128">2,110</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57010 l3">Lease </span><span class="pp-class-372 pa t57010 l50415">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57010 l57011 ls2955">5,832</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57010 l57012 ls3477">-1,024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57010 l57013">251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57010 l57014">82</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57010 l57015">848</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57010 l57016 ls3036">-117</span><span class="pp-class-374 pa t57017 l57018">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57010 l57019 ls9092">5,872</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57020 l3">Other </span><span class="pp-class-372 pa t57020 l8525">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57020 l57021">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57020 l57022">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57020 l57023">306</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57020 l57024">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57020 l57025">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57020 l57026">306</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57027 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57027 l29278 ls274">15,229</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57027 l57028 ls9827">1,716</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57027 l57029 ls99">1,049</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57027 l57030">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57027 l57031">848</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57027 l57032">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57027 l57033">-115</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57027 l57034 ls17717">18,733</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57035 l3 ls1955">Derivatives </span><span class="pp-class-373 pa t57035 l57036 ls2548">financial </span><span class="pp-class-373 pa t57037 l3 ls2329">instruments:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57038 l3 ls897">Derivatives </span><span class="pp-class-372 pa t57038 l48642 ls1955">related </span><span class="pp-class-372 pa t57038 l48643 ls166">to </span><span class="pp-class-372 pa t57039 l3">issued </span><span class="pp-class-372 pa t57039 l57040 ls68">corporate </span><span class="pp-class-372 pa t57039 l57041">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57039 l12254">28</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57039 l57042">-46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57039 l6608">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57039 l57043">98</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57039 l57025">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57039 l57044">81</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57045 l3 ls2459">Total </span><span class="pp-class-373 pa t57045 l29712">liabilities </span><span class="pp-class-373 pa t57045 l57046 ls241">from </span><span class="pp-class-373 pa t57047 l3 ls2548">financing </span><span class="pp-class-373 pa t57047 l57048 ls193">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57047 l57049 ls728">15,257</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57047 l2194 ls1535">1,670</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57047 l57029 ls99">1,049</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57047 l57030">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57047 l57031">848</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57047 l57050">98</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57047 l57033">-115</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57047 l57051 ls53">18,814</span></p></td></tr></table></div></div><div id="pp-id-5119" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls1955 wtro3159 wtr1293 tro3160 tr1294">Includes </span><span class="pp-class-376 pa t3433 l57052 ls78 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-376 pa t3433 l57053 ls302 wtro3159 wtr1293 tro3160 tr1294">lease </span><span class="pp-class-376 pa t3433 l57054 ls68 wtro3159 wtr1293 tro3160 tr1294">liability </span><span class="pp-class-376 pa t3439 l3 ls110 wtro3159 wtr1293 tro3160 tr1294">of </span><span class="pp-class-376 pa t3439 l57055 ls182 wtro3159 wtr1293 tro3160 tr1294">DKK </span><span class="pp-class-376 pa t3439 l7359 ls47104 wtro3159 wtr1293 tro3160 tr1294">117m </span><span class="pp-class-376 pa t3439 l57056 ls16 wtro3159 wtr1293 tro3160 tr1294">which </span><span class="pp-class-376 pa t3445 l3 ls182 wtro3159 wtr1293 tro3160 tr1294">has </span><span class="pp-class-376 pa t3445 l57057 ls68 wtro3159 wtr1293 tro3160 tr1294">been </span><span class="pp-class-376 pa t3445 l57058 ls869 wtro3159 wtr1293 tro3160 tr1294">settled </span><span class="pp-class-376 pa t3445 l57059 ls78 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-376 pa t4202 l3 ls1065 wtro3159 wtr1293 tro3160 tr1294">offset </span><span class="pp-class-376 pa t4202 l41111 ls85 wtro3159 wtr1293 tro3160 tr1294">against </span><span class="pp-class-376 pa t4202 l57060 ls78 wtro3159 wtr1293 tro3160 tr1294">a </span><span class="pp-class-376 pa t4202 l57061 ls1772 wtro3159 wtr1293 tro3160 tr1294">trade </span><span class="pp-class-376 pa t4210 l3 ls3278 wtro3159 wtr1293 tro3160 tr1294">receivable.</span></p></div></div><div id="pp-id-5248" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h57062 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls57063">4.3 </span><span class="pp-class-370 pa t21055 l43638 ls57064">Changes </span><span class="pp-class-370 pa t21055 l57065 ls88">in </span><span class="pp-class-370 pa t21055 l36160 ls99">liabilities </span><span class="pp-class-370 pa t21055 l57066 ls1123">arising </span><span class="pp-class-370 pa t21055 l57067 ls2889">from </span><span class="pp-class-370 pa t21055 l57068 ls230">financing </span><span class="pp-class-370 pa t21055 l57069 ls2694">activities </span><span class="pp-class-371 pa t47186 l43638 ls7855">(continued)</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57070 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57070 l2340"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57070 l56963"/></p></td><td colspan="5" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57070 l57071">Non-cash </span><span class="pp-class-373 pa t57070 l57072">changes</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57070 l57073"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57074 l3">DKK </span><span class="pp-class-372 pa t57074 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57075 l56968">1 </span><span class="pp-class-373 pa t57075 l56969">Jan.</span><span class="pp-class-373 pa t57074 l57076">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57075 l56970">Cash</span><span class="pp-class-373 pa t57074 l56971 ls103">flows</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57077 l26967 ls171">Additions </span><span class="pp-class-373 pa t57078 l57079 ls241">from </span><span class="pp-class-373 pa t57075 l57080 ls166">acqui-</span><span class="pp-class-373 pa t57074 l57081">sitions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57077 l57082 ls112">Foreign </span><span class="pp-class-373 pa t57078 l57083 ls1099">exchange </span><span class="pp-class-373 pa t57075 l57084 ls1298">move-</span><span class="pp-class-373 pa t57074 l57085 ls96">ments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57086 l57087 ls16">New/ </span><span class="pp-class-373 pa t57077 l57088">disposed/</span><span class="pp-class-373 pa t57078 l35332 ls254">Remea-</span><span class="pp-class-373 pa t57075 l57089 ls112">sured </span><span class="pp-class-373 pa t57074 l57090 ls175">leases</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57078 l57091 ls813">Fair </span><span class="pp-class-373 pa t57075 l57092 ls110">value </span><span class="pp-class-373 pa t57074 l57093">changes</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57075 l57094">Other </span><span class="pp-class-373 pa t57074 l57095">changes</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57075 l57096">31 </span><span class="pp-class-373 pa t57075 l57097 ls150">Dec. </span><span class="pp-class-373 pa t57074 l57098">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57099 l3">Changes </span><span class="pp-class-373 pa t57099 l41662">in </span><span class="pp-class-373 pa t57099 l44472">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57100 l3 ls316">Interest-bearing </span><span class="pp-class-373 pa t57101 l3">liabilities:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57102 l3">Bank </span><span class="pp-class-372 pa t57102 l55868">loans </span><span class="pp-class-372 pa t57102 l55869">and </span><span class="pp-class-372 pa t57103 l3 ls2329">mortgage </span><span class="pp-class-372 pa t57103 l43244">on </span><span class="pp-class-372 pa t57103 l56999 ls704">ferries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57103 l57104 ls3024">10,548</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57103 l57105 ls1110">-2,584</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57103 l57106 ls278">160</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57103 l57107 ls1077">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57103 l57108">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57103 l45228 ls1859">8,140</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57109 l3">Issued </span><span class="pp-class-372 pa t57109 l46451 ls68">corporate </span><span class="pp-class-372 pa t57109 l55878">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57109 l57110">283</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57109 l57111">981</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57109 l57112">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57109 l57113">-8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57109 l57114">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57109 l57115 ls302">1,257</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57116 l3">Lease </span><span class="pp-class-372 pa t57116 l50415">liabilities</span><span class="pp-class-389 pa t57116 l57117">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57116 l57118 ls1859">4,497</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57116 l57119 ls332">-799</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57116 l57120 ls254">327</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57116 l57121">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57116 l57122 ls21295">1,795</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57116 l57123">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57116 l57124 ls2955">5,832</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57125 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57125 l41443 ls1941">15,328</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57125 l57126 ls854">-2,402</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57125 l57127">488</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57125 l57128 ls48876">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57125 l57129 ls14385">1,795</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57125 l57130">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57125 l57131 ls274">15,229</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57132 l3 ls1955">Derivatives </span><span class="pp-class-373 pa t57132 l57036 ls2548">financial </span><span class="pp-class-373 pa t57133 l3 ls2329">instruments:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57134 l3 ls897">Derivatives </span><span class="pp-class-372 pa t57134 l48642 ls1955">related </span><span class="pp-class-372 pa t57134 l48643 ls166">to </span><span class="pp-class-372 pa t57135 l3">issued </span><span class="pp-class-372 pa t57135 l57040 ls68">corporate </span><span class="pp-class-372 pa t57135 l57041">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57135 l38140">8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57135 l57022">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57135 l57112">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57135 l57136">20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57135 l57137">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57135 l57138">28</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57139 l3 ls2459">Total </span><span class="pp-class-373 pa t57139 l29712">liabilities </span><span class="pp-class-373 pa t57139 l57046 ls241">from </span><span class="pp-class-373 pa t57140 l3 ls2548">financing </span><span class="pp-class-373 pa t57140 l57048 ls193">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57140 l57141 ls1941">15,336</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57140 l57126 ls854">-2,402</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57140 l57127">488</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57140 l57128 ls48876">17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57140 l57129 ls14385">1,795</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57140 l57142">20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57140 l57130">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57140 l57143 ls728">15,257</span></p></td></tr></table></div></div><div id="pp-id-5274" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls10809">5.4 </span><span class="pp-class-370 pa t21055 l43638">Cash </span><span class="pp-class-370 pa t21055 l59206 ls1244">flows</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3">Non-cash </span><span class="pp-class-373 pa t42308 l30749 ls134">operating </span><span class="pp-class-373 pa t42308 l34116">items</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l3">Change </span><span class="pp-class-372 pa t42312 l43132">in </span><span class="pp-class-372 pa t42312 l34337 ls897">provisions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l55641">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l42351">26</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l3">Change </span><span class="pp-class-372 pa t42313 l43132">in </span><span class="pp-class-372 pa t42313 l34337 ls907">write-down </span><span class="pp-class-372 pa t42313 l46466 ls287">of </span><span class="pp-class-372 pa t42313 l59207 ls947">inventories </span><span class="pp-class-372 pa t42313 l43042 ls43">for </span><span class="pp-class-372 pa t42313 l59208">the </span><span class="pp-class-372 pa t42313 l59209 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l50265">-8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l54070 ls2835">-14</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l3">Change </span><span class="pp-class-372 pa t42319 l43132">in </span><span class="pp-class-372 pa t42319 l34337 ls897">provision </span><span class="pp-class-372 pa t42319 l59210 ls43">for </span><span class="pp-class-372 pa t42319 l59211 ls2220">defined </span><span class="pp-class-372 pa t42319 l59212 ls2220">benefit </span><span class="pp-class-372 pa t42319 l5559">plans </span><span class="pp-class-372 pa t42319 l59213">and </span><span class="pp-class-372 pa t42319 l59214">jubilee </span><span class="pp-class-372 pa t42319 l59215 ls704">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l55852 ls1077">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l50195">12</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42324 l3 ls274">Vesting </span><span class="pp-class-372 pa t42324 l36155 ls287">of </span><span class="pp-class-372 pa t42324 l59216 ls110">share </span><span class="pp-class-372 pa t42324 l59217 ls175">option </span><span class="pp-class-372 pa t42324 l59218">plans </span><span class="pp-class-372 pa t42324 l59219">and </span><span class="pp-class-372 pa t42324 l59220 ls16">employee </span><span class="pp-class-372 pa t42324 l16251 ls134">shares </span><span class="pp-class-372 pa t42324 l59221 ls1259">expensed </span><span class="pp-class-372 pa t42324 l59222">in </span><span class="pp-class-372 pa t42324 l29777">the </span><span class="pp-class-372 pa t59223 l3">Income </span><span class="pp-class-372 pa t59223 l47344 ls278">statement</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59223 l54957">26</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59223 l59224">29</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59225 l3">Non-cash </span><span class="pp-class-373 pa t59225 l30749 ls134">operating </span><span class="pp-class-373 pa t59225 l34116">items</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59225 l59226 ls302">37</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59225 l59227">53</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52890 l3">Change </span><span class="pp-class-373 pa t52890 l59228">in </span><span class="pp-class-373 pa t52890 l16258 ls78">working </span><span class="pp-class-373 pa t52890 l59229">capital</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59230 l3">Change </span><span class="pp-class-372 pa t59230 l43132">in </span><span class="pp-class-372 pa t59230 l34337 ls81">inventories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59230 l54032">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59230 l58220">5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59231 l3">Change </span><span class="pp-class-372 pa t59231 l43132">in </span><span class="pp-class-372 pa t59231 l34337 ls81">receivables, </span><span class="pp-class-372 pa t59231 l59232">such </span><span class="pp-class-372 pa t59231 l30912">as </span><span class="pp-class-372 pa t59231 l59233 ls1955">trade </span><span class="pp-class-372 pa t59231 l53673 ls81">receivables, </span><span class="pp-class-372 pa t59231 l5389 ls671">prepaid </span><span class="pp-class-372 pa t59231 l45137">costs, </span><span class="pp-class-372 pa t59231 l59234 ls931">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59231 l59235">-304</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59231 l48746 ls1077">14</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59236 l3">Change </span><span class="pp-class-372 pa t59236 l43132">in </span><span class="pp-class-372 pa t59236 l34337 ls1326">current </span><span class="pp-class-372 pa t59236 l55343">liabilities, </span><span class="pp-class-372 pa t59236 l59237">such </span><span class="pp-class-372 pa t59236 l59238">as </span><span class="pp-class-372 pa t59236 l59239 ls1955">trade </span><span class="pp-class-372 pa t59236 l17514 ls168">payables, </span><span class="pp-class-372 pa t59236 l59240 ls180">deferred </span><span class="pp-class-372 pa t59236 l59241 ls72">income, </span><span class="pp-class-372 pa t59242 l3 ls138">ETS </span><span class="pp-class-372 pa t59242 l29570">emission </span><span class="pp-class-372 pa t59242 l59243 ls16">provision, </span><span class="pp-class-372 pa t59242 l59244 ls1326">current </span><span class="pp-class-372 pa t59242 l59245 ls258">account </span><span class="pp-class-372 pa t59242 l6027">with </span><span class="pp-class-372 pa t59242 l59246 ls907">joint </span><span class="pp-class-372 pa t59242 l48196 ls203">ventures, </span><span class="pp-class-372 pa t59242 l59247 ls931">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59242 l59248 ls254">227</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59242 l59249">-358</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59250 l3">Change </span><span class="pp-class-373 pa t59250 l59228">in </span><span class="pp-class-373 pa t59250 l16258 ls78">working </span><span class="pp-class-373 pa t59250 l59229">capital</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59250 l59251">-64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59250 l59252">-338</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5273" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx22795 tro6 xx22796"><div id="pp-id-5276"><div class="pp-class-363 pp-class-395" id="pp-id-5275"><div class="w37231 h59253 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls1150">statement </span><span class="pp-class-382 pa t29793 l59254 ls103">of </span><span class="pp-class-382 pa t29793 l6030 ls1323">cash </span><span class="pp-class-382 pa t29793 l25688 ls2784">flows </span><span class="pp-class-382 pa t29793 l59255 ls858">has </span><span class="pp-class-382 pa t29793 l59256 ls1323">been </span><span class="pp-class-382 pa t29793 l59257 ls3435">prepared </span><span class="pp-class-382 pa t29793 l59258 ls1759">using </span><span class="pp-class-382 pa t29793 l59259 ls858">the </span><span class="pp-class-382 pa t29793 l59260 ls3623">indirect </span><span class="pp-class-382 pa t29793 l59261 ls3474">method, </span><span class="pp-class-382 pa t29793 l59262 ls1099">and </span><span class="pp-class-382 pa t29793 l59263 ls2784">shows </span><span class="pp-class-382 pa t29793 l53883 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2088">consolidated </span><span class="pp-class-382 pa t29798 l30948 ls1323">cash </span><span class="pp-class-382 pa t29798 l54900 ls2784">flows </span><span class="pp-class-382 pa t29798 l59264 ls1243">from </span><span class="pp-class-382 pa t29798 l59265 ls4305">operating, </span><span class="pp-class-382 pa t29798 l40686 ls2854">investing, </span><span class="pp-class-382 pa t29798 l59266 ls858">and </span><span class="pp-class-382 pa t29798 l59267 ls1073">financing </span><span class="pp-class-382 pa t29798 l59268 ls688">activities </span><span class="pp-class-382 pa t29798 l59269 ls3278">for </span><span class="pp-class-382 pa t29798 l59270 ls1099">the </span><span class="pp-class-382 pa t29798 l59271 ls648">year, </span><span class="pp-class-382 pa t29798 l49806 ls1099">and </span><span class="pp-class-382 pa t29798 l59272 ls302">the </span><span class="pp-class-382 pa t36806 l3 ls2088">consolidated </span><span class="pp-class-382 pa t36806 l30948 ls1323">cash </span><span class="pp-class-382 pa t36806 l54900 ls858">and </span><span class="pp-class-382 pa t36806 l59273 ls1323">cash </span><span class="pp-class-382 pa t36806 l59274 ls2088">equivalents </span><span class="pp-class-382 pa t36806 l59275 ls1083">at </span><span class="pp-class-382 pa t36806 l59276 ls1099">the </span><span class="pp-class-382 pa t36806 l59277 ls1073">beginning </span><span class="pp-class-382 pa t36806 l59278 ls1099">and </span><span class="pp-class-382 pa t36806 l59279 ls1099">end </span><span class="pp-class-382 pa t36806 l59280 ls103">of </span><span class="pp-class-382 pa t36806 l59281 ls1099">the </span><span class="pp-class-382 pa t36806 l59282 ls9956">year.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29824 l3 ls858">The </span><span class="pp-class-382 pa t29824 l16631 ls1323">cash </span><span class="pp-class-382 pa t29824 l7489 ls960">flow </span><span class="pp-class-382 pa t29824 l59283 ls2142">effect </span><span class="pp-class-382 pa t29824 l59284 ls103">of </span><span class="pp-class-382 pa t29824 l59285 ls1772">acquisition </span><span class="pp-class-382 pa t29824 l59286 ls1099">and </span><span class="pp-class-382 pa t29824 l16700 ls2694">disposal </span><span class="pp-class-382 pa t29824 l47878 ls103">of </span><span class="pp-class-382 pa t29824 l44436 ls1701">enterprises </span><span class="pp-class-382 pa t29824 l59287 ls1080">is </span><span class="pp-class-382 pa t29824 l59288 ls2142">shown </span><span class="pp-class-382 pa t29824 l59289 ls1015">separately </span><span class="pp-class-382 pa t29824 l59290 ls1080">in </span><span class="pp-class-382 pa t29824 l59291 ls1323">cash </span><span class="pp-class-382 pa t29824 l56603 ls2784">flows </span><span class="pp-class-382 pa t29824 l59292 ls1759">to/</span><span class="pp-class-382 pa t29836 l3 ls1243">from </span><span class="pp-class-382 pa t29836 l49226 ls4299">investing </span><span class="pp-class-382 pa t29836 l59293 ls688">activities. </span><span class="pp-class-382 pa t29836 l59294 ls1323">Cash </span><span class="pp-class-382 pa t29836 l34046 ls2784">flows </span><span class="pp-class-382 pa t29836 l59295 ls1243">from </span><span class="pp-class-382 pa t29836 l59296 ls1772">acquisitions </span><span class="pp-class-382 pa t29836 l59297 ls103">of </span><span class="pp-class-382 pa t29836 l59298 ls1701">enterprises </span><span class="pp-class-382 pa t29836 l59299 ls800">are </span><span class="pp-class-382 pa t29836 l59300 ls2970">recognised </span><span class="pp-class-382 pa t29836 l59301 ls1080">in </span><span class="pp-class-382 pa t29836 l59302 ls1099">the </span><span class="pp-class-382 pa t29836 l59303 ls1323">Cash </span><span class="pp-class-382 pa t29836 l59304 ls3474">flow </span><span class="pp-class-382 pa t29849 l3 ls1150">statement </span><span class="pp-class-382 pa t29849 l4002 ls1243">from </span><span class="pp-class-382 pa t29849 l33981 ls858">the </span><span class="pp-class-382 pa t29849 l59305 ls852">date </span><span class="pp-class-382 pa t29849 l24565 ls103">of </span><span class="pp-class-382 pa t29849 l59306 ls1772">acquisition. </span><span class="pp-class-382 pa t29849 l59307 ls1323">Cash </span><span class="pp-class-382 pa t29849 l27663 ls2784">flows </span><span class="pp-class-382 pa t29849 l16252 ls1243">from </span><span class="pp-class-382 pa t29849 l59308 ls728">divestment </span><span class="pp-class-382 pa t29849 l59309 ls103">of </span><span class="pp-class-382 pa t29849 l59310 ls1701">enterprises </span><span class="pp-class-382 pa t29849 l59311 ls800">are </span><span class="pp-class-382 pa t29849 l59312 ls2970">recognised </span><span class="pp-class-382 pa t29849 l59313 ls278">up </span><span class="pp-class-382 pa t29853 l3 ls1305">until </span><span class="pp-class-382 pa t29853 l59314 ls858">the </span><span class="pp-class-382 pa t29853 l3284 ls852">date </span><span class="pp-class-382 pa t29853 l59315 ls103">of </span><span class="pp-class-382 pa t29853 l59316 ls1073">disposal. </span><span class="pp-class-382 pa t29853 l59317 ls1323">Cash </span><span class="pp-class-382 pa t29853 l59318 ls2784">flows </span><span class="pp-class-382 pa t29853 l59319 ls1243">from </span><span class="pp-class-382 pa t29853 l59320 ls2760">operating </span><span class="pp-class-382 pa t29853 l59321 ls688">activities </span><span class="pp-class-382 pa t29853 l40204 ls1080">is </span><span class="pp-class-382 pa t29853 l59322 ls803">calculated </span><span class="pp-class-382 pa t29853 l59323 ls1080">on </span><span class="pp-class-382 pa t29853 l59324 ls858">the </span><span class="pp-class-382 pa t29853 l59290 ls1759">basis </span><span class="pp-class-382 pa t29853 l59325 ls103">of </span><span class="pp-class-382 pa t29853 l59326 ls1099">the </span><span class="pp-class-382 pa t29853 l59327 ls1974">profit/</span><span class="pp-class-382 pa t29866 l3 ls1323">loss </span><span class="pp-class-382 pa t29866 l59328 ls800">before </span><span class="pp-class-382 pa t29866 l13199 ls3623">depreciation </span><span class="pp-class-382 pa t29866 l59329 ls858">and </span><span class="pp-class-382 pa t29866 l59330 ls238">amortisation </span><span class="pp-class-382 pa t29866 l59331 ls803">(EBITDA) </span><span class="pp-class-382 pa t29866 l59332 ls2113">adjusted </span><span class="pp-class-382 pa t29866 l59333 ls3278">for </span><span class="pp-class-382 pa t29866 l59334 ls858">the </span><span class="pp-class-382 pa t29866 l59335 ls1323">cash </span><span class="pp-class-382 pa t29866 l59336 ls960">flow </span><span class="pp-class-382 pa t29866 l59337 ls2142">effect </span><span class="pp-class-382 pa t29866 l59338 ls103">of </span><span class="pp-class-382 pa t29866 l59339 ls1080">non-cash </span><span class="pp-class-382 pa t36841 l3 ls2760">operating </span><span class="pp-class-382 pa t36841 l52349 ls1319">items, </span><span class="pp-class-382 pa t36841 l59340 ls1237">changes </span><span class="pp-class-382 pa t36841 l47858 ls1080">in </span><span class="pp-class-382 pa t36841 l59341 ls728">working </span><span class="pp-class-382 pa t36841 l59342 ls806">capital </span><span class="pp-class-382 pa t36841 l59343 ls1701">(such </span><span class="pp-class-382 pa t36841 l59344 ls1080">as </span><span class="pp-class-382 pa t36841 l59345 ls646">trade </span><span class="pp-class-382 pa t36841 l59346 ls1316">payables, </span><span class="pp-class-382 pa t36841 l59347 ls828">deferred </span><span class="pp-class-382 pa t36841 l59348 ls1701">income, </span><span class="pp-class-382 pa t36841 l59349 ls728">ETS </span><span class="pp-class-382 pa t36841 l59350 ls99">emission </span><span class="pp-class-382 pa t29875 l3 ls828">provision, </span><span class="pp-class-382 pa t29875 l53774 ls852">current </span><span class="pp-class-382 pa t29875 l59351 ls1859">account </span><span class="pp-class-382 pa t29875 l59352 ls1243">payables </span><span class="pp-class-382 pa t29875 l59353 ls1759">to </span><span class="pp-class-382 pa t29875 l59354 ls1305">joint </span><span class="pp-class-382 pa t29875 l59355 ls2531">ventures, </span><span class="pp-class-382 pa t29875 l37641 ls646">trade </span><span class="pp-class-382 pa t29875 l59356 ls6007">receivables, </span><span class="pp-class-382 pa t29875 l59357 ls1150">prepaid </span><span class="pp-class-382 pa t29875 l59358 ls2486">costs, </span><span class="pp-class-382 pa t29875 l59359 ls2489">etc.), </span><span class="pp-class-382 pa t29878 l3 ls5069">payments </span><span class="pp-class-382 pa t29878 l51240 ls3458">related </span><span class="pp-class-382 pa t29878 l59360 ls1759">to </span><span class="pp-class-382 pa t29878 l59361 ls2694">pensions </span><span class="pp-class-382 pa t29878 l59362 ls858">and </span><span class="pp-class-382 pa t29878 l59363 ls296">other </span><span class="pp-class-382 pa t29878 l21425 ls2787">provisions, </span><span class="pp-class-382 pa t29878 l59364 ls5069">payments </span><span class="pp-class-382 pa t29878 l59365 ls2531">relating </span><span class="pp-class-382 pa t29878 l59366 ls1759">to </span><span class="pp-class-382 pa t29878 l59367 ls1073">financial </span><span class="pp-class-382 pa t29878 l59368 ls1118">items </span><span class="pp-class-382 pa t29878 l59369 ls302">and </span><span class="pp-class-382 pa t29891 l3 ls2944">corporation </span><span class="pp-class-382 pa t29891 l59370 ls1237">tax </span><span class="pp-class-382 pa t29891 l54117 ls1323">paid.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t36874 l3 ls1323">Cash </span><span class="pp-class-382 pa t36874 l59371 ls2784">flows </span><span class="pp-class-382 pa t36874 l59372 ls1243">from </span><span class="pp-class-382 pa t36874 l59373 ls4299">investing </span><span class="pp-class-382 pa t36874 l59374 ls688">activities </span><span class="pp-class-382 pa t36874 l59375 ls238">includes </span><span class="pp-class-382 pa t36874 l59376 ls5069">payments </span><span class="pp-class-382 pa t36874 l59377 ls1080">in </span><span class="pp-class-382 pa t36874 l2919 ls1271">connection </span><span class="pp-class-382 pa t36874 l57331 ls1323">with </span><span class="pp-class-382 pa t36874 l59378 ls1099">the </span><span class="pp-class-382 pa t36874 l44700 ls1772">acquisition </span><span class="pp-class-382 pa t36874 l59379 ls302">and </span><span class="pp-class-382 pa t29917 l3 ls728">divestment </span><span class="pp-class-382 pa t29917 l26651 ls103">of </span><span class="pp-class-382 pa t29917 l5231 ls1701">enterprises </span><span class="pp-class-382 pa t29917 l18505 ls858">and </span><span class="pp-class-382 pa t29917 l50096 ls688">activities </span><span class="pp-class-382 pa t29917 l59380 ls858">and </span><span class="pp-class-382 pa t29917 l49985 ls103">of </span><span class="pp-class-382 pa t29917 l35739 ls1101">non-current </span><span class="pp-class-382 pa t29917 l59381 ls1701">intangible </span><span class="pp-class-382 pa t29917 l59382 ls3474">assets, </span><span class="pp-class-382 pa t29917 l59383 ls296">tangible </span><span class="pp-class-382 pa t29917 l45242 ls238">assets </span><span class="pp-class-382 pa t29917 l59384 ls302">and </span><span class="pp-class-382 pa t29920 l3 ls2854">investments. </span><span class="pp-class-382 pa t29920 l51818 ls1323">Cash </span><span class="pp-class-382 pa t29920 l59385 ls2784">flows </span><span class="pp-class-382 pa t29920 l45964 ls1243">from </span><span class="pp-class-382 pa t29920 l16659 ls1073">financing </span><span class="pp-class-382 pa t29920 l59386 ls688">activities </span><span class="pp-class-382 pa t29920 l59387 ls238">includes </span><span class="pp-class-382 pa t29920 l59388 ls1237">changes </span><span class="pp-class-382 pa t29920 l59389 ls1080">in </span><span class="pp-class-382 pa t29920 l59390 ls858">the </span><span class="pp-class-382 pa t29920 l59391 ls3474">size </span><span class="pp-class-382 pa t29920 l59392 ls1080">or </span><span class="pp-class-382 pa t29920 l59393 ls1118">composition </span><span class="pp-class-382 pa t29920 l59394 ls103">of </span><span class="pp-class-382 pa t29920 l59395 ls302">the </span><span class="pp-class-382 pa t29933 l3 ls1015">Group’s </span><span class="pp-class-382 pa t29933 l44256 ls2784">share </span><span class="pp-class-382 pa t29933 l12706 ls296">capital, </span><span class="pp-class-382 pa t29933 l59396 ls8853">payment </span><span class="pp-class-382 pa t29933 l59397 ls103">of </span><span class="pp-class-382 pa t29933 l59398 ls1073">dividends </span><span class="pp-class-382 pa t29933 l6062 ls1759">to </span><span class="pp-class-382 pa t29933 l59399 ls2889">shareholders, </span><span class="pp-class-382 pa t29933 l59400 ls8853">purchase </span><span class="pp-class-382 pa t29933 l59401 ls103">of </span><span class="pp-class-382 pa t29933 l59402 ls2842">treasury </span><span class="pp-class-382 pa t29933 l59403 ls1150">shares, </span><span class="pp-class-382 pa t29933 l59404 ls1955">cash </span><span class="pp-class-382 pa t48298 l3 ls3377">received </span><span class="pp-class-382 pa t48298 l59405 ls1243">from </span><span class="pp-class-382 pa t48298 l59406 ls19370">exercise </span><span class="pp-class-382 pa t48298 l59407 ls103">of </span><span class="pp-class-382 pa t48298 l18187 ls2784">share </span><span class="pp-class-382 pa t48298 l55365 ls3474">options </span><span class="pp-class-382 pa t48298 l59408 ls858">and </span><span class="pp-class-382 pa t48298 l57379 ls858">the </span><span class="pp-class-382 pa t48298 l59409 ls3278">obtaining </span><span class="pp-class-382 pa t48298 l59410 ls858">and </span><span class="pp-class-382 pa t48298 l59411 ls800">repayment </span><span class="pp-class-382 pa t48298 l59412 ls103">of </span><span class="pp-class-382 pa t48298 l25481 ls1323">bank </span><span class="pp-class-382 pa t48298 l59413 ls1759">loans </span><span class="pp-class-382 pa t48298 l59414 ls302">and </span><span class="pp-class-382 pa t29935 l3 ls819">mortgage </span><span class="pp-class-382 pa t29935 l53976 ls1759">loans </span><span class="pp-class-382 pa t29935 l59415 ls858">and </span><span class="pp-class-382 pa t29935 l59416 ls296">other </span><span class="pp-class-382 pa t29935 l59417 ls1077">long-term </span><span class="pp-class-382 pa t29935 l59418 ls858">and </span><span class="pp-class-382 pa t29935 l59419 ls1859">short-term </span><span class="pp-class-382 pa t29935 l59420 ls1759">debt. </span><span class="pp-class-382 pa t29935 l59421 ls1243">Payment </span><span class="pp-class-382 pa t29935 l59422 ls103">of </span><span class="pp-class-382 pa t29935 l59423 ls1759">lease </span><span class="pp-class-382 pa t29935 l59424 ls1118">liabilities </span><span class="pp-class-382 pa t29935 l59425 ls1080">is </span><span class="pp-class-382 pa t29935 l59426 ls1077">included </span><span class="pp-class-382 pa t29946 l3 ls1759">under </span><span class="pp-class-382 pa t29946 l57642 ls1073">financing </span><span class="pp-class-382 pa t29946 l59427 ls688">activities </span><span class="pp-class-382 pa t29946 l59428 ls858">and </span><span class="pp-class-382 pa t29946 l59429 ls858">the </span><span class="pp-class-382 pa t29946 l59430 ls3458">related </span><span class="pp-class-382 pa t29946 l15159 ls2784">interest </span><span class="pp-class-382 pa t29946 l59431 ls1080">is </span><span class="pp-class-382 pa t29946 l59432 ls238">included </span><span class="pp-class-382 pa t29946 l59433 ls1080">as </span><span class="pp-class-382 pa t29946 l59434 ls302">a </span><span class="pp-class-382 pa t29946 l59435 ls1073">financial </span><span class="pp-class-382 pa t29946 l59436 ls1073">item </span><span class="pp-class-382 pa t29946 l59437 ls1759">under </span><span class="pp-class-382 pa t29946 l59438 ls1083">operating </span><span class="pp-class-382 pa t29959 l3 ls688">activities. </span><span class="pp-class-382 pa t29959 l17549 ls1323">Cash </span><span class="pp-class-382 pa t29959 l59439 ls858">and </span><span class="pp-class-382 pa t29959 l59440 ls1323">cash </span><span class="pp-class-382 pa t29959 l59441 ls2088">equivalents </span><span class="pp-class-382 pa t29959 l53176 ls2694">comprise </span><span class="pp-class-382 pa t29959 l59442 ls1323">cash </span><span class="pp-class-382 pa t29959 l59443 ls1083">at </span><span class="pp-class-382 pa t29959 l59444 ls2970">banks </span><span class="pp-class-382 pa t29959 l59445 ls1099">and </span><span class="pp-class-382 pa t29959 l59446 ls1080">on </span><span class="pp-class-382 pa t29959 l31827 ls1323">hand.</span></p></div></div></div></div></div><div id="pp-id-5124" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p></div></div> <div id="pp-id-5250" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1110">4.4 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">income </span><span class="pp-class-370 pa t21055 l57144">and </span><span class="pp-class-370 pa t21055 l57145">costs</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3">Financial </span><span class="pp-class-372 pa t42308 l2916">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3 ls884">Interest </span><span class="pp-class-372 pa t43125 l14027">income </span><span class="pp-class-372 pa t43125 l55026 ls931">from </span><span class="pp-class-372 pa t43125 l57146 ls254">banks, </span><span class="pp-class-372 pa t43125 l35996 ls931">etc.</span><span class="pp-class-374 pa t57147 l57148">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l57149">20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l57150 ls3152">47</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls124">Foreign </span><span class="pp-class-372 pa t22670 l42531 ls230">exchange </span><span class="pp-class-372 pa t22670 l42532">gain, </span><span class="pp-class-372 pa t22670 l30054 ls913">net</span><span class="pp-class-374 pa t54676 l45080">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l54007">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l3">Other </span><span class="pp-class-372 pa t46966 l8525">financial </span><span class="pp-class-372 pa t46966 l57151">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l57152">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l3 ls2459">Total </span><span class="pp-class-373 pa t57153 l29712 ls2548">financial </span><span class="pp-class-373 pa t57153 l55861">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l57154 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l57155">80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57156 l3">Financial </span><span class="pp-class-372 pa t57156 l2916">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l3 ls884">Interest </span><span class="pp-class-372 pa t57157 l14027 ls671">expense </span><span class="pp-class-372 pa t57157 l47243 ls166">to </span><span class="pp-class-372 pa t57157 l57158 ls254">banks, </span><span class="pp-class-372 pa t57157 l57159 ls134">credit </span><span class="pp-class-372 pa t57157 l12577">institutions, </span><span class="pp-class-372 pa t57157 l57160 ls68">corporate </span><span class="pp-class-372 pa t57157 l57161">bonds, </span><span class="pp-class-372 pa t57157 l57162 ls931">etc.</span><span class="pp-class-374 pa t57163 l57164">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l52892">536</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l57165 ls8541">478</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l3 ls884">Interest </span><span class="pp-class-372 pa t57166 l14027 ls671">expense </span><span class="pp-class-372 pa t57166 l47243">on </span><span class="pp-class-372 pa t57166 l57167">lease </span><span class="pp-class-372 pa t57166 l57168">liabilities, </span><span class="pp-class-372 pa t57166 l57169 ls1344">reference </span><span class="pp-class-372 pa t57166 l57170">is </span><span class="pp-class-372 pa t57166 l57171 ls128">made </span><span class="pp-class-372 pa t57166 l57172 ls166">to </span><span class="pp-class-372 pa t57166 l29952 ls171">note </span><span class="pp-class-372 pa t57166 l57173 ls6007">3.1.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l50469">286</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l50291">208</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l3 ls124">Foreign </span><span class="pp-class-372 pa t57174 l42531 ls230">exchange </span><span class="pp-class-372 pa t57174 l42532">loss, </span><span class="pp-class-372 pa t57174 l33958 ls913">net</span><span class="pp-class-374 pa t57175 l16477">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l56472 ls124">18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l3 ls2220">Defined </span><span class="pp-class-372 pa t43162 l47083 ls2220">benefit </span><span class="pp-class-372 pa t43162 l47086">pension </span><span class="pp-class-372 pa t43162 l47087">plans, </span><span class="pp-class-372 pa t43162 l57176 ls1344">reference </span><span class="pp-class-372 pa t43162 l57177">is </span><span class="pp-class-372 pa t43162 l47151 ls128">made </span><span class="pp-class-372 pa t43162 l57178 ls166">to </span><span class="pp-class-372 pa t43162 l57179 ls171">note </span><span class="pp-class-372 pa t43162 l57180 ls3377">3.2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l3">Other </span><span class="pp-class-372 pa t43167 l8525">financial </span><span class="pp-class-372 pa t43167 l57151">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l53483 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l57152">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l3 ls2459">Total </span><span class="pp-class-373 pa t57181 l29712 ls2548">financial </span><span class="pp-class-373 pa t57181 l55861">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l57182 ls4305">870</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l57183 ls1065">739</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l3">Financial </span><span class="pp-class-373 pa t57184 l50887">income </span><span class="pp-class-373 pa t57184 l57185">and </span><span class="pp-class-373 pa t57184 l57186">costs, </span><span class="pp-class-373 pa t57184 l57187 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l57188">-823</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l57189">-659</span></p></td></tr></table><div id="pp-id-5249"><div class="pp-class-363 pp-class-395" id="pp-id-5217"><div class="w37231 h53487 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1073">Financial </span><span class="pp-class-382 pa t29793 l57190 ls2486">income </span><span class="pp-class-382 pa t29793 l57191 ls1099">and </span><span class="pp-class-382 pa t29793 l34254 ls1759">costs </span><span class="pp-class-382 pa t29793 l57192 ls2694">comprise </span><span class="pp-class-382 pa t29793 l32324 ls2784">interest </span><span class="pp-class-382 pa t29793 l48361 ls2486">income </span><span class="pp-class-382 pa t29793 l57193 ls858">and </span><span class="pp-class-382 pa t29793 l57194 ls2486">costs; </span><span class="pp-class-382 pa t29793 l57195 ls8853">realised </span><span class="pp-class-382 pa t29793 l57196 ls1099">and </span><span class="pp-class-382 pa t29793 l57197 ls2970">unrealised </span><span class="pp-class-382 pa t29793 l57198 ls1759">gains </span><span class="pp-class-382 pa t29793 l57199 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls2486">losses </span><span class="pp-class-382 pa t29798 l16285 ls1080">on </span><span class="pp-class-382 pa t29798 l50033 ls6007">receivables, </span><span class="pp-class-382 pa t29798 l57200 ls1243">payables </span><span class="pp-class-382 pa t29798 l45287 ls858">and </span><span class="pp-class-382 pa t29798 l57201 ls3623">transactions </span><span class="pp-class-382 pa t29798 l57202 ls728">denominated </span><span class="pp-class-382 pa t29798 l55102 ls1080">in </span><span class="pp-class-382 pa t29798 l57203 ls1463">foreign </span><span class="pp-class-382 pa t29798 l57204 ls2142">currencies; </span><span class="pp-class-382 pa t29798 l57205 ls8853">realised </span><span class="pp-class-382 pa t29798 l57206 ls1080">gains </span><span class="pp-class-382 pa t36806 l3 ls858">and </span><span class="pp-class-382 pa t36806 l29386 ls2486">losses </span><span class="pp-class-382 pa t36806 l57207 ls1080">on </span><span class="pp-class-382 pa t36806 l42623 ls1118">securities; </span><span class="pp-class-382 pa t36806 l57208 ls238">amortisation </span><span class="pp-class-382 pa t36806 l5130 ls103">of </span><span class="pp-class-382 pa t36806 l57209 ls1073">financial </span><span class="pp-class-382 pa t36806 l28242 ls238">assets </span><span class="pp-class-382 pa t36806 l57210 ls858">and </span><span class="pp-class-382 pa t36806 l57211 ls830">liabilities; </span><span class="pp-class-382 pa t36806 l57212 ls852">interests </span><span class="pp-class-382 pa t36806 l57213 ls1080">on </span><span class="pp-class-382 pa t36806 l57214 ls858">leasing </span><span class="pp-class-382 pa t29811 l3 ls852">agreements; </span><span class="pp-class-382 pa t29811 l51818 ls1323">bank </span><span class="pp-class-382 pa t29811 l57215 ls1150">charges </span><span class="pp-class-382 pa t29811 l57216 ls858">and </span><span class="pp-class-382 pa t29811 l57217 ls3278">fees </span><span class="pp-class-382 pa t29811 l57218 ls1868">etc. </span><span class="pp-class-382 pa t29811 l57219 ls1323">Also </span><span class="pp-class-382 pa t29811 l30900 ls238">included </span><span class="pp-class-382 pa t29811 l57220 ls800">are </span><span class="pp-class-382 pa t29811 l57221 ls8853">realised </span><span class="pp-class-382 pa t29811 l57222 ls1099">and </span><span class="pp-class-382 pa t29811 l57223 ls2970">unrealised </span><span class="pp-class-382 pa t29811 l57224 ls1759">gains </span><span class="pp-class-382 pa t29811 l57225 ls858">and </span><span class="pp-class-382 pa t29811 l57226 ls1110">losses </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4279">derivative </span><span class="pp-class-382 pa t29824 l14525 ls1073">financial </span><span class="pp-class-382 pa t29824 l41139 ls806">instruments </span><span class="pp-class-382 pa t29824 l57227 ls6360">that </span><span class="pp-class-382 pa t29824 l57228 ls800">are </span><span class="pp-class-382 pa t29824 l57229 ls830">not </span><span class="pp-class-382 pa t29824 l57230 ls803">designated </span><span class="pp-class-382 pa t29824 l57231 ls1080">as </span><span class="pp-class-382 pa t29824 l57232 ls2486">hedges.</span></p></div></div></div></div></div><div id="pp-id-5120" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3451 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3453 l3 ls138">Primarily </span><span class="pp-class-376 pa t3453 l39152 ls1955">relates </span><span class="pp-class-376 pa t3453 l57233 ls166">to </span><span class="pp-class-376 pa t3457 l3">financial </span><span class="pp-class-376 pa t3457 l3235 ls175">assets/</span><span class="pp-class-376 pa t3463 l3">liabilities </span><span class="pp-class-376 pa t3463 l54981 ls1259">measured </span><span class="pp-class-376 pa t3463 l8704 ls2835">at </span><span class="pp-class-376 pa t4229 l3 ls2554">amortised </span><span class="pp-class-376 pa t4229 l9442 ls502">cost. </span><span class="pp-class-376 pa t4229 l57234">Income </span><span class="pp-class-376 pa t4234 l3 ls72">(net) </span><span class="pp-class-376 pa t4234 l57235 ls931">from </span><span class="pp-class-376 pa t4234 l43747 ls884">interest </span><span class="pp-class-376 pa t4234 l47173 ls274">swaps </span><span class="pp-class-376 pa t4241 l3">is </span><span class="pp-class-376 pa t4241 l31749">DKK </span><span class="pp-class-376 pa t4241 l16507">20m </span><span class="pp-class-376 pa t4241 l57236">(2023: </span><span class="pp-class-376 pa t4241 l57237">DKK </span><span class="pp-class-376 pa t4246 l3">0m) </span><span class="pp-class-376 pa t4246 l57238">and </span><span class="pp-class-376 pa t4246 l57239">is </span><span class="pp-class-376 pa t4246 l1456 ls842">included </span><span class="pp-class-376 pa t34377 l3">under </span><span class="pp-class-376 pa t34377 l54080 ls884">Interest </span><span class="pp-class-376 pa t34377 l57240 ls671">expense </span><span class="pp-class-376 pa t45924 l3 ls166">to </span><span class="pp-class-376 pa t45924 l4223 ls254">banks, </span><span class="pp-class-376 pa t45925 l3 ls134">credit </span><span class="pp-class-376 pa t45925 l29903">institutions, </span><span class="pp-class-376 pa t45925 l57241 ls1323">cor-</span><span class="pp-class-376 pa t45926 l3 ls3566">porate </span><span class="pp-class-376 pa t45926 l57242">bonds, </span><span class="pp-class-376 pa t45926 l7467 ls16">etc</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t48933 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t48934 l3 ls124">Foreign </span><span class="pp-class-376 pa t48934 l42531 ls230">exchange </span><span class="pp-class-376 pa t48934 l42532">gains </span><span class="pp-class-376 pa t49606 l3">in </span><span class="pp-class-376 pa t49606 l16328 ls16">2024 </span><span class="pp-class-376 pa t49606 l55401 ls105">amounts </span><span class="pp-class-376 pa t49606 l57243 ls166">to </span><span class="pp-class-376 pa t49606 l57244">DKK </span><span class="pp-class-376 pa t57245 l3">560m </span><span class="pp-class-376 pa t57245 l57246">(2023: </span><span class="pp-class-376 pa t57245 l57247">DKK </span><span class="pp-class-376 pa t57245 l53289">440m) </span><span class="pp-class-376 pa t57248 l3">and </span><span class="pp-class-376 pa t57248 l4247 ls978">foreign </span><span class="pp-class-376 pa t57248 l57249 ls230">exchange </span><span class="pp-class-376 pa t57250 l3">losses </span><span class="pp-class-376 pa t57250 l48762 ls105">amounts </span><span class="pp-class-376 pa t57250 l18629 ls166">to </span><span class="pp-class-376 pa t57250 l57251">DKK </span><span class="pp-class-376 pa t57252 l3">535m </span><span class="pp-class-376 pa t57252 l57253">(2023: </span><span class="pp-class-376 pa t57252 l57254">DKK </span><span class="pp-class-376 pa t57252 l53066">463m) </span></p></div></div> <div id="pp-id-5250" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1110">4.4 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">income </span><span class="pp-class-370 pa t21055 l57144">and </span><span class="pp-class-370 pa t21055 l57145">costs</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3">Financial </span><span class="pp-class-372 pa t42308 l2916">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3 ls884">Interest </span><span class="pp-class-372 pa t43125 l14027">income </span><span class="pp-class-372 pa t43125 l55026 ls931">from </span><span class="pp-class-372 pa t43125 l57146 ls254">banks, </span><span class="pp-class-372 pa t43125 l35996 ls931">etc.</span><span class="pp-class-374 pa t57147 l57148">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l57149">20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l57150 ls3152">47</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls124">Foreign </span><span class="pp-class-372 pa t22670 l42531 ls230">exchange </span><span class="pp-class-372 pa t22670 l42532">gain, </span><span class="pp-class-372 pa t22670 l30054 ls913">net</span><span class="pp-class-374 pa t54676 l45080">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l54007">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l3">Other </span><span class="pp-class-372 pa t46966 l8525">financial </span><span class="pp-class-372 pa t46966 l57151">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l57152">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l3 ls2459">Total </span><span class="pp-class-373 pa t57153 l29712 ls2548">financial </span><span class="pp-class-373 pa t57153 l55861">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l57154 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l57155">80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57156 l3">Financial </span><span class="pp-class-372 pa t57156 l2916">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l3 ls884">Interest </span><span class="pp-class-372 pa t57157 l14027 ls671">expense </span><span class="pp-class-372 pa t57157 l47243 ls166">to </span><span class="pp-class-372 pa t57157 l57158 ls254">banks, </span><span class="pp-class-372 pa t57157 l57159 ls134">credit </span><span class="pp-class-372 pa t57157 l12577">institutions, </span><span class="pp-class-372 pa t57157 l57160 ls68">corporate </span><span class="pp-class-372 pa t57157 l57161">bonds, </span><span class="pp-class-372 pa t57157 l57162 ls931">etc.</span><span class="pp-class-374 pa t57163 l57164">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l52892">536</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l57165 ls8541">478</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l3 ls884">Interest </span><span class="pp-class-372 pa t57166 l14027 ls671">expense </span><span class="pp-class-372 pa t57166 l47243">on </span><span class="pp-class-372 pa t57166 l57167">lease </span><span class="pp-class-372 pa t57166 l57168">liabilities, </span><span class="pp-class-372 pa t57166 l57169 ls1344">reference </span><span class="pp-class-372 pa t57166 l57170">is </span><span class="pp-class-372 pa t57166 l57171 ls128">made </span><span class="pp-class-372 pa t57166 l57172 ls166">to </span><span class="pp-class-372 pa t57166 l29952 ls171">note </span><span class="pp-class-372 pa t57166 l57173 ls6007">3.1.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l50469">286</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l50291">208</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l3 ls124">Foreign </span><span class="pp-class-372 pa t57174 l42531 ls230">exchange </span><span class="pp-class-372 pa t57174 l42532">loss, </span><span class="pp-class-372 pa t57174 l33958 ls913">net</span><span class="pp-class-374 pa t57175 l16477">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l56472 ls124">18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l3 ls2220">Defined </span><span class="pp-class-372 pa t43162 l47083 ls2220">benefit </span><span class="pp-class-372 pa t43162 l47086">pension </span><span class="pp-class-372 pa t43162 l47087">plans, </span><span class="pp-class-372 pa t43162 l57176 ls1344">reference </span><span class="pp-class-372 pa t43162 l57177">is </span><span class="pp-class-372 pa t43162 l47151 ls128">made </span><span class="pp-class-372 pa t43162 l57178 ls166">to </span><span class="pp-class-372 pa t43162 l57179 ls171">note </span><span class="pp-class-372 pa t43162 l57180 ls3377">3.2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l3">Other </span><span class="pp-class-372 pa t43167 l8525">financial </span><span class="pp-class-372 pa t43167 l57151">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l53483 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l57152">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l3 ls2459">Total </span><span class="pp-class-373 pa t57181 l29712 ls2548">financial </span><span class="pp-class-373 pa t57181 l55861">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l57182 ls4305">870</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l57183 ls1065">739</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l3">Financial </span><span class="pp-class-373 pa t57184 l50887">income </span><span class="pp-class-373 pa t57184 l57185">and </span><span class="pp-class-373 pa t57184 l57186">costs, </span><span class="pp-class-373 pa t57184 l57187 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l57188">-823</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l57189">-659</span></p></td></tr></table><div id="pp-id-5249"><div class="pp-class-363 pp-class-395" id="pp-id-5217"><div class="w37231 h53487 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1073">Financial </span><span class="pp-class-382 pa t29793 l57190 ls2486">income </span><span class="pp-class-382 pa t29793 l57191 ls1099">and </span><span class="pp-class-382 pa t29793 l34254 ls1759">costs </span><span class="pp-class-382 pa t29793 l57192 ls2694">comprise </span><span class="pp-class-382 pa t29793 l32324 ls2784">interest </span><span class="pp-class-382 pa t29793 l48361 ls2486">income </span><span class="pp-class-382 pa t29793 l57193 ls858">and </span><span class="pp-class-382 pa t29793 l57194 ls2486">costs; </span><span class="pp-class-382 pa t29793 l57195 ls8853">realised </span><span class="pp-class-382 pa t29793 l57196 ls1099">and </span><span class="pp-class-382 pa t29793 l57197 ls2970">unrealised </span><span class="pp-class-382 pa t29793 l57198 ls1759">gains </span><span class="pp-class-382 pa t29793 l57199 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls2486">losses </span><span class="pp-class-382 pa t29798 l16285 ls1080">on </span><span class="pp-class-382 pa t29798 l50033 ls6007">receivables, </span><span class="pp-class-382 pa t29798 l57200 ls1243">payables </span><span class="pp-class-382 pa t29798 l45287 ls858">and </span><span class="pp-class-382 pa t29798 l57201 ls3623">transactions </span><span class="pp-class-382 pa t29798 l57202 ls728">denominated </span><span class="pp-class-382 pa t29798 l55102 ls1080">in </span><span class="pp-class-382 pa t29798 l57203 ls1463">foreign </span><span class="pp-class-382 pa t29798 l57204 ls2142">currencies; </span><span class="pp-class-382 pa t29798 l57205 ls8853">realised </span><span class="pp-class-382 pa t29798 l57206 ls1080">gains </span><span class="pp-class-382 pa t36806 l3 ls858">and </span><span class="pp-class-382 pa t36806 l29386 ls2486">losses </span><span class="pp-class-382 pa t36806 l57207 ls1080">on </span><span class="pp-class-382 pa t36806 l42623 ls1118">securities; </span><span class="pp-class-382 pa t36806 l57208 ls238">amortisation </span><span class="pp-class-382 pa t36806 l5130 ls103">of </span><span class="pp-class-382 pa t36806 l57209 ls1073">financial </span><span class="pp-class-382 pa t36806 l28242 ls238">assets </span><span class="pp-class-382 pa t36806 l57210 ls858">and </span><span class="pp-class-382 pa t36806 l57211 ls830">liabilities; </span><span class="pp-class-382 pa t36806 l57212 ls852">interests </span><span class="pp-class-382 pa t36806 l57213 ls1080">on </span><span class="pp-class-382 pa t36806 l57214 ls858">leasing </span><span class="pp-class-382 pa t29811 l3 ls852">agreements; </span><span class="pp-class-382 pa t29811 l51818 ls1323">bank </span><span class="pp-class-382 pa t29811 l57215 ls1150">charges </span><span class="pp-class-382 pa t29811 l57216 ls858">and </span><span class="pp-class-382 pa t29811 l57217 ls3278">fees </span><span class="pp-class-382 pa t29811 l57218 ls1868">etc. </span><span class="pp-class-382 pa t29811 l57219 ls1323">Also </span><span class="pp-class-382 pa t29811 l30900 ls238">included </span><span class="pp-class-382 pa t29811 l57220 ls800">are </span><span class="pp-class-382 pa t29811 l57221 ls8853">realised </span><span class="pp-class-382 pa t29811 l57222 ls1099">and </span><span class="pp-class-382 pa t29811 l57223 ls2970">unrealised </span><span class="pp-class-382 pa t29811 l57224 ls1759">gains </span><span class="pp-class-382 pa t29811 l57225 ls858">and </span><span class="pp-class-382 pa t29811 l57226 ls1110">losses </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4279">derivative </span><span class="pp-class-382 pa t29824 l14525 ls1073">financial </span><span class="pp-class-382 pa t29824 l41139 ls806">instruments </span><span class="pp-class-382 pa t29824 l57227 ls6360">that </span><span class="pp-class-382 pa t29824 l57228 ls800">are </span><span class="pp-class-382 pa t29824 l57229 ls830">not </span><span class="pp-class-382 pa t29824 l57230 ls803">designated </span><span class="pp-class-382 pa t29824 l57231 ls1080">as </span><span class="pp-class-382 pa t29824 l57232 ls2486">hedges.</span></p></div></div></div></div></div><div id="pp-id-5120" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3451 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3453 l3 ls138">Primarily </span><span class="pp-class-376 pa t3453 l39152 ls1955">relates </span><span class="pp-class-376 pa t3453 l57233 ls166">to </span><span class="pp-class-376 pa t3457 l3">financial </span><span class="pp-class-376 pa t3457 l3235 ls175">assets/</span><span class="pp-class-376 pa t3463 l3">liabilities </span><span class="pp-class-376 pa t3463 l54981 ls1259">measured </span><span class="pp-class-376 pa t3463 l8704 ls2835">at </span><span class="pp-class-376 pa t4229 l3 ls2554">amortised </span><span class="pp-class-376 pa t4229 l9442 ls502">cost. </span><span class="pp-class-376 pa t4229 l57234">Income </span><span class="pp-class-376 pa t4234 l3 ls72">(net) </span><span class="pp-class-376 pa t4234 l57235 ls931">from </span><span class="pp-class-376 pa t4234 l43747 ls884">interest </span><span class="pp-class-376 pa t4234 l47173 ls274">swaps </span><span class="pp-class-376 pa t4241 l3">is </span><span class="pp-class-376 pa t4241 l31749">DKK </span><span class="pp-class-376 pa t4241 l16507">20m </span><span class="pp-class-376 pa t4241 l57236">(2023: </span><span class="pp-class-376 pa t4241 l57237">DKK </span><span class="pp-class-376 pa t4246 l3">0m) </span><span class="pp-class-376 pa t4246 l57238">and </span><span class="pp-class-376 pa t4246 l57239">is </span><span class="pp-class-376 pa t4246 l1456 ls842">included </span><span class="pp-class-376 pa t34377 l3">under </span><span class="pp-class-376 pa t34377 l54080 ls884">Interest </span><span class="pp-class-376 pa t34377 l57240 ls671">expense </span><span class="pp-class-376 pa t45924 l3 ls166">to </span><span class="pp-class-376 pa t45924 l4223 ls254">banks, </span><span class="pp-class-376 pa t45925 l3 ls134">credit </span><span class="pp-class-376 pa t45925 l29903">institutions, </span><span class="pp-class-376 pa t45925 l57241 ls1323">cor-</span><span class="pp-class-376 pa t45926 l3 ls3566">porate </span><span class="pp-class-376 pa t45926 l57242">bonds, </span><span class="pp-class-376 pa t45926 l7467 ls16">etc</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t48933 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t48934 l3 ls124">Foreign </span><span class="pp-class-376 pa t48934 l42531 ls230">exchange </span><span class="pp-class-376 pa t48934 l42532">gains </span><span class="pp-class-376 pa t49606 l3">in </span><span class="pp-class-376 pa t49606 l16328 ls16">2024 </span><span class="pp-class-376 pa t49606 l55401 ls105">amounts </span><span class="pp-class-376 pa t49606 l57243 ls166">to </span><span class="pp-class-376 pa t49606 l57244">DKK </span><span class="pp-class-376 pa t57245 l3">560m </span><span class="pp-class-376 pa t57245 l57246">(2023: </span><span class="pp-class-376 pa t57245 l57247">DKK </span><span class="pp-class-376 pa t57245 l53289">440m) </span><span class="pp-class-376 pa t57248 l3">and </span><span class="pp-class-376 pa t57248 l4247 ls978">foreign </span><span class="pp-class-376 pa t57248 l57249 ls230">exchange </span><span class="pp-class-376 pa t57250 l3">losses </span><span class="pp-class-376 pa t57250 l48762 ls105">amounts </span><span class="pp-class-376 pa t57250 l18629 ls166">to </span><span class="pp-class-376 pa t57250 l57251">DKK </span><span class="pp-class-376 pa t57252 l3">535m </span><span class="pp-class-376 pa t57252 l57253">(2023: </span><span class="pp-class-376 pa t57252 l57254">DKK </span><span class="pp-class-376 pa t57252 l53066">463m) </span></p></div></div> <div id="pp-id-5250" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1110">4.4 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">income </span><span class="pp-class-370 pa t21055 l57144">and </span><span class="pp-class-370 pa t21055 l57145">costs</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3">Financial </span><span class="pp-class-372 pa t42308 l2916">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3 ls884">Interest </span><span class="pp-class-372 pa t43125 l14027">income </span><span class="pp-class-372 pa t43125 l55026 ls931">from </span><span class="pp-class-372 pa t43125 l57146 ls254">banks, </span><span class="pp-class-372 pa t43125 l35996 ls931">etc.</span><span class="pp-class-374 pa t57147 l57148">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l57149">20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l57150 ls3152">47</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls124">Foreign </span><span class="pp-class-372 pa t22670 l42531 ls230">exchange </span><span class="pp-class-372 pa t22670 l42532">gain, </span><span class="pp-class-372 pa t22670 l30054 ls913">net</span><span class="pp-class-374 pa t54676 l45080">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l54007">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l3">Other </span><span class="pp-class-372 pa t46966 l8525">financial </span><span class="pp-class-372 pa t46966 l57151">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l57152">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l3 ls2459">Total </span><span class="pp-class-373 pa t57153 l29712 ls2548">financial </span><span class="pp-class-373 pa t57153 l55861">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l57154 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l57155">80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57156 l3">Financial </span><span class="pp-class-372 pa t57156 l2916">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l3 ls884">Interest </span><span class="pp-class-372 pa t57157 l14027 ls671">expense </span><span class="pp-class-372 pa t57157 l47243 ls166">to </span><span class="pp-class-372 pa t57157 l57158 ls254">banks, </span><span class="pp-class-372 pa t57157 l57159 ls134">credit </span><span class="pp-class-372 pa t57157 l12577">institutions, </span><span class="pp-class-372 pa t57157 l57160 ls68">corporate </span><span class="pp-class-372 pa t57157 l57161">bonds, </span><span class="pp-class-372 pa t57157 l57162 ls931">etc.</span><span class="pp-class-374 pa t57163 l57164">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l52892">536</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l57165 ls8541">478</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l3 ls884">Interest </span><span class="pp-class-372 pa t57166 l14027 ls671">expense </span><span class="pp-class-372 pa t57166 l47243">on </span><span class="pp-class-372 pa t57166 l57167">lease </span><span class="pp-class-372 pa t57166 l57168">liabilities, </span><span class="pp-class-372 pa t57166 l57169 ls1344">reference </span><span class="pp-class-372 pa t57166 l57170">is </span><span class="pp-class-372 pa t57166 l57171 ls128">made </span><span class="pp-class-372 pa t57166 l57172 ls166">to </span><span class="pp-class-372 pa t57166 l29952 ls171">note </span><span class="pp-class-372 pa t57166 l57173 ls6007">3.1.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l50469">286</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l50291">208</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l3 ls124">Foreign </span><span class="pp-class-372 pa t57174 l42531 ls230">exchange </span><span class="pp-class-372 pa t57174 l42532">loss, </span><span class="pp-class-372 pa t57174 l33958 ls913">net</span><span class="pp-class-374 pa t57175 l16477">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l56472 ls124">18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l3 ls2220">Defined </span><span class="pp-class-372 pa t43162 l47083 ls2220">benefit </span><span class="pp-class-372 pa t43162 l47086">pension </span><span class="pp-class-372 pa t43162 l47087">plans, </span><span class="pp-class-372 pa t43162 l57176 ls1344">reference </span><span class="pp-class-372 pa t43162 l57177">is </span><span class="pp-class-372 pa t43162 l47151 ls128">made </span><span class="pp-class-372 pa t43162 l57178 ls166">to </span><span class="pp-class-372 pa t43162 l57179 ls171">note </span><span class="pp-class-372 pa t43162 l57180 ls3377">3.2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l3">Other </span><span class="pp-class-372 pa t43167 l8525">financial </span><span class="pp-class-372 pa t43167 l57151">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l53483 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l57152">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l3 ls2459">Total </span><span class="pp-class-373 pa t57181 l29712 ls2548">financial </span><span class="pp-class-373 pa t57181 l55861">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l57182 ls4305">870</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l57183 ls1065">739</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l3">Financial </span><span class="pp-class-373 pa t57184 l50887">income </span><span class="pp-class-373 pa t57184 l57185">and </span><span class="pp-class-373 pa t57184 l57186">costs, </span><span class="pp-class-373 pa t57184 l57187 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l57188">-823</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l57189">-659</span></p></td></tr></table><div id="pp-id-5249"><div class="pp-class-363 pp-class-395" id="pp-id-5217"><div class="w37231 h53487 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1073">Financial </span><span class="pp-class-382 pa t29793 l57190 ls2486">income </span><span class="pp-class-382 pa t29793 l57191 ls1099">and </span><span class="pp-class-382 pa t29793 l34254 ls1759">costs </span><span class="pp-class-382 pa t29793 l57192 ls2694">comprise </span><span class="pp-class-382 pa t29793 l32324 ls2784">interest </span><span class="pp-class-382 pa t29793 l48361 ls2486">income </span><span class="pp-class-382 pa t29793 l57193 ls858">and </span><span class="pp-class-382 pa t29793 l57194 ls2486">costs; </span><span class="pp-class-382 pa t29793 l57195 ls8853">realised </span><span class="pp-class-382 pa t29793 l57196 ls1099">and </span><span class="pp-class-382 pa t29793 l57197 ls2970">unrealised </span><span class="pp-class-382 pa t29793 l57198 ls1759">gains </span><span class="pp-class-382 pa t29793 l57199 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls2486">losses </span><span class="pp-class-382 pa t29798 l16285 ls1080">on </span><span class="pp-class-382 pa t29798 l50033 ls6007">receivables, </span><span class="pp-class-382 pa t29798 l57200 ls1243">payables </span><span class="pp-class-382 pa t29798 l45287 ls858">and </span><span class="pp-class-382 pa t29798 l57201 ls3623">transactions </span><span class="pp-class-382 pa t29798 l57202 ls728">denominated </span><span class="pp-class-382 pa t29798 l55102 ls1080">in </span><span class="pp-class-382 pa t29798 l57203 ls1463">foreign </span><span class="pp-class-382 pa t29798 l57204 ls2142">currencies; </span><span class="pp-class-382 pa t29798 l57205 ls8853">realised </span><span class="pp-class-382 pa t29798 l57206 ls1080">gains </span><span class="pp-class-382 pa t36806 l3 ls858">and </span><span class="pp-class-382 pa t36806 l29386 ls2486">losses </span><span class="pp-class-382 pa t36806 l57207 ls1080">on </span><span class="pp-class-382 pa t36806 l42623 ls1118">securities; </span><span class="pp-class-382 pa t36806 l57208 ls238">amortisation </span><span class="pp-class-382 pa t36806 l5130 ls103">of </span><span class="pp-class-382 pa t36806 l57209 ls1073">financial </span><span class="pp-class-382 pa t36806 l28242 ls238">assets </span><span class="pp-class-382 pa t36806 l57210 ls858">and </span><span class="pp-class-382 pa t36806 l57211 ls830">liabilities; </span><span class="pp-class-382 pa t36806 l57212 ls852">interests </span><span class="pp-class-382 pa t36806 l57213 ls1080">on </span><span class="pp-class-382 pa t36806 l57214 ls858">leasing </span><span class="pp-class-382 pa t29811 l3 ls852">agreements; </span><span class="pp-class-382 pa t29811 l51818 ls1323">bank </span><span class="pp-class-382 pa t29811 l57215 ls1150">charges </span><span class="pp-class-382 pa t29811 l57216 ls858">and </span><span class="pp-class-382 pa t29811 l57217 ls3278">fees </span><span class="pp-class-382 pa t29811 l57218 ls1868">etc. </span><span class="pp-class-382 pa t29811 l57219 ls1323">Also </span><span class="pp-class-382 pa t29811 l30900 ls238">included </span><span class="pp-class-382 pa t29811 l57220 ls800">are </span><span class="pp-class-382 pa t29811 l57221 ls8853">realised </span><span class="pp-class-382 pa t29811 l57222 ls1099">and </span><span class="pp-class-382 pa t29811 l57223 ls2970">unrealised </span><span class="pp-class-382 pa t29811 l57224 ls1759">gains </span><span class="pp-class-382 pa t29811 l57225 ls858">and </span><span class="pp-class-382 pa t29811 l57226 ls1110">losses </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4279">derivative </span><span class="pp-class-382 pa t29824 l14525 ls1073">financial </span><span class="pp-class-382 pa t29824 l41139 ls806">instruments </span><span class="pp-class-382 pa t29824 l57227 ls6360">that </span><span class="pp-class-382 pa t29824 l57228 ls800">are </span><span class="pp-class-382 pa t29824 l57229 ls830">not </span><span class="pp-class-382 pa t29824 l57230 ls803">designated </span><span class="pp-class-382 pa t29824 l57231 ls1080">as </span><span class="pp-class-382 pa t29824 l57232 ls2486">hedges.</span></p></div></div></div></div></div><div id="pp-id-5120" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3451 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3453 l3 ls138">Primarily </span><span class="pp-class-376 pa t3453 l39152 ls1955">relates </span><span class="pp-class-376 pa t3453 l57233 ls166">to </span><span class="pp-class-376 pa t3457 l3">financial </span><span class="pp-class-376 pa t3457 l3235 ls175">assets/</span><span class="pp-class-376 pa t3463 l3">liabilities </span><span class="pp-class-376 pa t3463 l54981 ls1259">measured </span><span class="pp-class-376 pa t3463 l8704 ls2835">at </span><span class="pp-class-376 pa t4229 l3 ls2554">amortised </span><span class="pp-class-376 pa t4229 l9442 ls502">cost. </span><span class="pp-class-376 pa t4229 l57234">Income </span><span class="pp-class-376 pa t4234 l3 ls72">(net) </span><span class="pp-class-376 pa t4234 l57235 ls931">from </span><span class="pp-class-376 pa t4234 l43747 ls884">interest </span><span class="pp-class-376 pa t4234 l47173 ls274">swaps </span><span class="pp-class-376 pa t4241 l3">is </span><span class="pp-class-376 pa t4241 l31749">DKK </span><span class="pp-class-376 pa t4241 l16507">20m </span><span class="pp-class-376 pa t4241 l57236">(2023: </span><span class="pp-class-376 pa t4241 l57237">DKK </span><span class="pp-class-376 pa t4246 l3">0m) </span><span class="pp-class-376 pa t4246 l57238">and </span><span class="pp-class-376 pa t4246 l57239">is </span><span class="pp-class-376 pa t4246 l1456 ls842">included </span><span class="pp-class-376 pa t34377 l3">under </span><span class="pp-class-376 pa t34377 l54080 ls884">Interest </span><span class="pp-class-376 pa t34377 l57240 ls671">expense </span><span class="pp-class-376 pa t45924 l3 ls166">to </span><span class="pp-class-376 pa t45924 l4223 ls254">banks, </span><span class="pp-class-376 pa t45925 l3 ls134">credit </span><span class="pp-class-376 pa t45925 l29903">institutions, </span><span class="pp-class-376 pa t45925 l57241 ls1323">cor-</span><span class="pp-class-376 pa t45926 l3 ls3566">porate </span><span class="pp-class-376 pa t45926 l57242">bonds, </span><span class="pp-class-376 pa t45926 l7467 ls16">etc</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t48933 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t48934 l3 ls124">Foreign </span><span class="pp-class-376 pa t48934 l42531 ls230">exchange </span><span class="pp-class-376 pa t48934 l42532">gains </span><span class="pp-class-376 pa t49606 l3">in </span><span class="pp-class-376 pa t49606 l16328 ls16">2024 </span><span class="pp-class-376 pa t49606 l55401 ls105">amounts </span><span class="pp-class-376 pa t49606 l57243 ls166">to </span><span class="pp-class-376 pa t49606 l57244">DKK </span><span class="pp-class-376 pa t57245 l3">560m </span><span class="pp-class-376 pa t57245 l57246">(2023: </span><span class="pp-class-376 pa t57245 l57247">DKK </span><span class="pp-class-376 pa t57245 l53289">440m) </span><span class="pp-class-376 pa t57248 l3">and </span><span class="pp-class-376 pa t57248 l4247 ls978">foreign </span><span class="pp-class-376 pa t57248 l57249 ls230">exchange </span><span class="pp-class-376 pa t57250 l3">losses </span><span class="pp-class-376 pa t57250 l48762 ls105">amounts </span><span class="pp-class-376 pa t57250 l18629 ls166">to </span><span class="pp-class-376 pa t57250 l57251">DKK </span><span class="pp-class-376 pa t57252 l3">535m </span><span class="pp-class-376 pa t57252 l57253">(2023: </span><span class="pp-class-376 pa t57252 l57254">DKK </span><span class="pp-class-376 pa t57252 l53066">463m) </span></p></div></div> <div id="pp-id-5250" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1110">4.4 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">income </span><span class="pp-class-370 pa t21055 l57144">and </span><span class="pp-class-370 pa t21055 l57145">costs</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3">Financial </span><span class="pp-class-372 pa t42308 l2916">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3 ls884">Interest </span><span class="pp-class-372 pa t43125 l14027">income </span><span class="pp-class-372 pa t43125 l55026 ls931">from </span><span class="pp-class-372 pa t43125 l57146 ls254">banks, </span><span class="pp-class-372 pa t43125 l35996 ls931">etc.</span><span class="pp-class-374 pa t57147 l57148">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l57149">20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l57150 ls3152">47</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls124">Foreign </span><span class="pp-class-372 pa t22670 l42531 ls230">exchange </span><span class="pp-class-372 pa t22670 l42532">gain, </span><span class="pp-class-372 pa t22670 l30054 ls913">net</span><span class="pp-class-374 pa t54676 l45080">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l54007">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l3">Other </span><span class="pp-class-372 pa t46966 l8525">financial </span><span class="pp-class-372 pa t46966 l57151">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l57152">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l3 ls2459">Total </span><span class="pp-class-373 pa t57153 l29712 ls2548">financial </span><span class="pp-class-373 pa t57153 l55861">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l57154 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l57155">80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57156 l3">Financial </span><span class="pp-class-372 pa t57156 l2916">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l3 ls884">Interest </span><span class="pp-class-372 pa t57157 l14027 ls671">expense </span><span class="pp-class-372 pa t57157 l47243 ls166">to </span><span class="pp-class-372 pa t57157 l57158 ls254">banks, </span><span class="pp-class-372 pa t57157 l57159 ls134">credit </span><span class="pp-class-372 pa t57157 l12577">institutions, </span><span class="pp-class-372 pa t57157 l57160 ls68">corporate </span><span class="pp-class-372 pa t57157 l57161">bonds, </span><span class="pp-class-372 pa t57157 l57162 ls931">etc.</span><span class="pp-class-374 pa t57163 l57164">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l52892">536</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l57165 ls8541">478</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l3 ls884">Interest </span><span class="pp-class-372 pa t57166 l14027 ls671">expense </span><span class="pp-class-372 pa t57166 l47243">on </span><span class="pp-class-372 pa t57166 l57167">lease </span><span class="pp-class-372 pa t57166 l57168">liabilities, </span><span class="pp-class-372 pa t57166 l57169 ls1344">reference </span><span class="pp-class-372 pa t57166 l57170">is </span><span class="pp-class-372 pa t57166 l57171 ls128">made </span><span class="pp-class-372 pa t57166 l57172 ls166">to </span><span class="pp-class-372 pa t57166 l29952 ls171">note </span><span class="pp-class-372 pa t57166 l57173 ls6007">3.1.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l50469">286</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l50291">208</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l3 ls124">Foreign </span><span class="pp-class-372 pa t57174 l42531 ls230">exchange </span><span class="pp-class-372 pa t57174 l42532">loss, </span><span class="pp-class-372 pa t57174 l33958 ls913">net</span><span class="pp-class-374 pa t57175 l16477">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l56472 ls124">18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l3 ls2220">Defined </span><span class="pp-class-372 pa t43162 l47083 ls2220">benefit </span><span class="pp-class-372 pa t43162 l47086">pension </span><span class="pp-class-372 pa t43162 l47087">plans, </span><span class="pp-class-372 pa t43162 l57176 ls1344">reference </span><span class="pp-class-372 pa t43162 l57177">is </span><span class="pp-class-372 pa t43162 l47151 ls128">made </span><span class="pp-class-372 pa t43162 l57178 ls166">to </span><span class="pp-class-372 pa t43162 l57179 ls171">note </span><span class="pp-class-372 pa t43162 l57180 ls3377">3.2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l3">Other </span><span class="pp-class-372 pa t43167 l8525">financial </span><span class="pp-class-372 pa t43167 l57151">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l53483 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l57152">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l3 ls2459">Total </span><span class="pp-class-373 pa t57181 l29712 ls2548">financial </span><span class="pp-class-373 pa t57181 l55861">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l57182 ls4305">870</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l57183 ls1065">739</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l3">Financial </span><span class="pp-class-373 pa t57184 l50887">income </span><span class="pp-class-373 pa t57184 l57185">and </span><span class="pp-class-373 pa t57184 l57186">costs, </span><span class="pp-class-373 pa t57184 l57187 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l57188">-823</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l57189">-659</span></p></td></tr></table><div id="pp-id-5249"><div class="pp-class-363 pp-class-395" id="pp-id-5217"><div class="w37231 h53487 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1073">Financial </span><span class="pp-class-382 pa t29793 l57190 ls2486">income </span><span class="pp-class-382 pa t29793 l57191 ls1099">and </span><span class="pp-class-382 pa t29793 l34254 ls1759">costs </span><span class="pp-class-382 pa t29793 l57192 ls2694">comprise </span><span class="pp-class-382 pa t29793 l32324 ls2784">interest </span><span class="pp-class-382 pa t29793 l48361 ls2486">income </span><span class="pp-class-382 pa t29793 l57193 ls858">and </span><span class="pp-class-382 pa t29793 l57194 ls2486">costs; </span><span class="pp-class-382 pa t29793 l57195 ls8853">realised </span><span class="pp-class-382 pa t29793 l57196 ls1099">and </span><span class="pp-class-382 pa t29793 l57197 ls2970">unrealised </span><span class="pp-class-382 pa t29793 l57198 ls1759">gains </span><span class="pp-class-382 pa t29793 l57199 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls2486">losses </span><span class="pp-class-382 pa t29798 l16285 ls1080">on </span><span class="pp-class-382 pa t29798 l50033 ls6007">receivables, </span><span class="pp-class-382 pa t29798 l57200 ls1243">payables </span><span class="pp-class-382 pa t29798 l45287 ls858">and </span><span class="pp-class-382 pa t29798 l57201 ls3623">transactions </span><span class="pp-class-382 pa t29798 l57202 ls728">denominated </span><span class="pp-class-382 pa t29798 l55102 ls1080">in </span><span class="pp-class-382 pa t29798 l57203 ls1463">foreign </span><span class="pp-class-382 pa t29798 l57204 ls2142">currencies; </span><span class="pp-class-382 pa t29798 l57205 ls8853">realised </span><span class="pp-class-382 pa t29798 l57206 ls1080">gains </span><span class="pp-class-382 pa t36806 l3 ls858">and </span><span class="pp-class-382 pa t36806 l29386 ls2486">losses </span><span class="pp-class-382 pa t36806 l57207 ls1080">on </span><span class="pp-class-382 pa t36806 l42623 ls1118">securities; </span><span class="pp-class-382 pa t36806 l57208 ls238">amortisation </span><span class="pp-class-382 pa t36806 l5130 ls103">of </span><span class="pp-class-382 pa t36806 l57209 ls1073">financial </span><span class="pp-class-382 pa t36806 l28242 ls238">assets </span><span class="pp-class-382 pa t36806 l57210 ls858">and </span><span class="pp-class-382 pa t36806 l57211 ls830">liabilities; </span><span class="pp-class-382 pa t36806 l57212 ls852">interests </span><span class="pp-class-382 pa t36806 l57213 ls1080">on </span><span class="pp-class-382 pa t36806 l57214 ls858">leasing </span><span class="pp-class-382 pa t29811 l3 ls852">agreements; </span><span class="pp-class-382 pa t29811 l51818 ls1323">bank </span><span class="pp-class-382 pa t29811 l57215 ls1150">charges </span><span class="pp-class-382 pa t29811 l57216 ls858">and </span><span class="pp-class-382 pa t29811 l57217 ls3278">fees </span><span class="pp-class-382 pa t29811 l57218 ls1868">etc. </span><span class="pp-class-382 pa t29811 l57219 ls1323">Also </span><span class="pp-class-382 pa t29811 l30900 ls238">included </span><span class="pp-class-382 pa t29811 l57220 ls800">are </span><span class="pp-class-382 pa t29811 l57221 ls8853">realised </span><span class="pp-class-382 pa t29811 l57222 ls1099">and </span><span class="pp-class-382 pa t29811 l57223 ls2970">unrealised </span><span class="pp-class-382 pa t29811 l57224 ls1759">gains </span><span class="pp-class-382 pa t29811 l57225 ls858">and </span><span class="pp-class-382 pa t29811 l57226 ls1110">losses </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4279">derivative </span><span class="pp-class-382 pa t29824 l14525 ls1073">financial </span><span class="pp-class-382 pa t29824 l41139 ls806">instruments </span><span class="pp-class-382 pa t29824 l57227 ls6360">that </span><span class="pp-class-382 pa t29824 l57228 ls800">are </span><span class="pp-class-382 pa t29824 l57229 ls830">not </span><span class="pp-class-382 pa t29824 l57230 ls803">designated </span><span class="pp-class-382 pa t29824 l57231 ls1080">as </span><span class="pp-class-382 pa t29824 l57232 ls2486">hedges.</span></p></div></div></div></div></div><div id="pp-id-5120" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3451 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3453 l3 ls138">Primarily </span><span class="pp-class-376 pa t3453 l39152 ls1955">relates </span><span class="pp-class-376 pa t3453 l57233 ls166">to </span><span class="pp-class-376 pa t3457 l3">financial </span><span class="pp-class-376 pa t3457 l3235 ls175">assets/</span><span class="pp-class-376 pa t3463 l3">liabilities </span><span class="pp-class-376 pa t3463 l54981 ls1259">measured </span><span class="pp-class-376 pa t3463 l8704 ls2835">at </span><span class="pp-class-376 pa t4229 l3 ls2554">amortised </span><span class="pp-class-376 pa t4229 l9442 ls502">cost. </span><span class="pp-class-376 pa t4229 l57234">Income </span><span class="pp-class-376 pa t4234 l3 ls72">(net) </span><span class="pp-class-376 pa t4234 l57235 ls931">from </span><span class="pp-class-376 pa t4234 l43747 ls884">interest </span><span class="pp-class-376 pa t4234 l47173 ls274">swaps </span><span class="pp-class-376 pa t4241 l3">is </span><span class="pp-class-376 pa t4241 l31749">DKK </span><span class="pp-class-376 pa t4241 l16507">20m </span><span class="pp-class-376 pa t4241 l57236">(2023: </span><span class="pp-class-376 pa t4241 l57237">DKK </span><span class="pp-class-376 pa t4246 l3">0m) </span><span class="pp-class-376 pa t4246 l57238">and </span><span class="pp-class-376 pa t4246 l57239">is </span><span class="pp-class-376 pa t4246 l1456 ls842">included </span><span class="pp-class-376 pa t34377 l3">under </span><span class="pp-class-376 pa t34377 l54080 ls884">Interest </span><span class="pp-class-376 pa t34377 l57240 ls671">expense </span><span class="pp-class-376 pa t45924 l3 ls166">to </span><span class="pp-class-376 pa t45924 l4223 ls254">banks, </span><span class="pp-class-376 pa t45925 l3 ls134">credit </span><span class="pp-class-376 pa t45925 l29903">institutions, </span><span class="pp-class-376 pa t45925 l57241 ls1323">cor-</span><span class="pp-class-376 pa t45926 l3 ls3566">porate </span><span class="pp-class-376 pa t45926 l57242">bonds, </span><span class="pp-class-376 pa t45926 l7467 ls16">etc</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t48933 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t48934 l3 ls124">Foreign </span><span class="pp-class-376 pa t48934 l42531 ls230">exchange </span><span class="pp-class-376 pa t48934 l42532">gains </span><span class="pp-class-376 pa t49606 l3">in </span><span class="pp-class-376 pa t49606 l16328 ls16">2024 </span><span class="pp-class-376 pa t49606 l55401 ls105">amounts </span><span class="pp-class-376 pa t49606 l57243 ls166">to </span><span class="pp-class-376 pa t49606 l57244">DKK </span><span class="pp-class-376 pa t57245 l3">560m </span><span class="pp-class-376 pa t57245 l57246">(2023: </span><span class="pp-class-376 pa t57245 l57247">DKK </span><span class="pp-class-376 pa t57245 l53289">440m) </span><span class="pp-class-376 pa t57248 l3">and </span><span class="pp-class-376 pa t57248 l4247 ls978">foreign </span><span class="pp-class-376 pa t57248 l57249 ls230">exchange </span><span class="pp-class-376 pa t57250 l3">losses </span><span class="pp-class-376 pa t57250 l48762 ls105">amounts </span><span class="pp-class-376 pa t57250 l18629 ls166">to </span><span class="pp-class-376 pa t57250 l57251">DKK </span><span class="pp-class-376 pa t57252 l3">535m </span><span class="pp-class-376 pa t57252 l57253">(2023: </span><span class="pp-class-376 pa t57252 l57254">DKK </span><span class="pp-class-376 pa t57252 l53066">463m) </span></p></div></div> <div id="pp-id-5250" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1110">4.4 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">income </span><span class="pp-class-370 pa t21055 l57144">and </span><span class="pp-class-370 pa t21055 l57145">costs</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3">Financial </span><span class="pp-class-372 pa t42308 l2916">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3 ls884">Interest </span><span class="pp-class-372 pa t43125 l14027">income </span><span class="pp-class-372 pa t43125 l55026 ls931">from </span><span class="pp-class-372 pa t43125 l57146 ls254">banks, </span><span class="pp-class-372 pa t43125 l35996 ls931">etc.</span><span class="pp-class-374 pa t57147 l57148">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l57149">20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l57150 ls3152">47</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls124">Foreign </span><span class="pp-class-372 pa t22670 l42531 ls230">exchange </span><span class="pp-class-372 pa t22670 l42532">gain, </span><span class="pp-class-372 pa t22670 l30054 ls913">net</span><span class="pp-class-374 pa t54676 l45080">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l54007">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l3">Other </span><span class="pp-class-372 pa t46966 l8525">financial </span><span class="pp-class-372 pa t46966 l57151">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l57152">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l3 ls2459">Total </span><span class="pp-class-373 pa t57153 l29712 ls2548">financial </span><span class="pp-class-373 pa t57153 l55861">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l57154 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l57155">80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57156 l3">Financial </span><span class="pp-class-372 pa t57156 l2916">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l3 ls884">Interest </span><span class="pp-class-372 pa t57157 l14027 ls671">expense </span><span class="pp-class-372 pa t57157 l47243 ls166">to </span><span class="pp-class-372 pa t57157 l57158 ls254">banks, </span><span class="pp-class-372 pa t57157 l57159 ls134">credit </span><span class="pp-class-372 pa t57157 l12577">institutions, </span><span class="pp-class-372 pa t57157 l57160 ls68">corporate </span><span class="pp-class-372 pa t57157 l57161">bonds, </span><span class="pp-class-372 pa t57157 l57162 ls931">etc.</span><span class="pp-class-374 pa t57163 l57164">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l52892">536</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l57165 ls8541">478</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l3 ls884">Interest </span><span class="pp-class-372 pa t57166 l14027 ls671">expense </span><span class="pp-class-372 pa t57166 l47243">on </span><span class="pp-class-372 pa t57166 l57167">lease </span><span class="pp-class-372 pa t57166 l57168">liabilities, </span><span class="pp-class-372 pa t57166 l57169 ls1344">reference </span><span class="pp-class-372 pa t57166 l57170">is </span><span class="pp-class-372 pa t57166 l57171 ls128">made </span><span class="pp-class-372 pa t57166 l57172 ls166">to </span><span class="pp-class-372 pa t57166 l29952 ls171">note </span><span class="pp-class-372 pa t57166 l57173 ls6007">3.1.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l50469">286</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l50291">208</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l3 ls124">Foreign </span><span class="pp-class-372 pa t57174 l42531 ls230">exchange </span><span class="pp-class-372 pa t57174 l42532">loss, </span><span class="pp-class-372 pa t57174 l33958 ls913">net</span><span class="pp-class-374 pa t57175 l16477">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l56472 ls124">18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l3 ls2220">Defined </span><span class="pp-class-372 pa t43162 l47083 ls2220">benefit </span><span class="pp-class-372 pa t43162 l47086">pension </span><span class="pp-class-372 pa t43162 l47087">plans, </span><span class="pp-class-372 pa t43162 l57176 ls1344">reference </span><span class="pp-class-372 pa t43162 l57177">is </span><span class="pp-class-372 pa t43162 l47151 ls128">made </span><span class="pp-class-372 pa t43162 l57178 ls166">to </span><span class="pp-class-372 pa t43162 l57179 ls171">note </span><span class="pp-class-372 pa t43162 l57180 ls3377">3.2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l3">Other </span><span class="pp-class-372 pa t43167 l8525">financial </span><span class="pp-class-372 pa t43167 l57151">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l53483 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l57152">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l3 ls2459">Total </span><span class="pp-class-373 pa t57181 l29712 ls2548">financial </span><span class="pp-class-373 pa t57181 l55861">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l57182 ls4305">870</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l57183 ls1065">739</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l3">Financial </span><span class="pp-class-373 pa t57184 l50887">income </span><span class="pp-class-373 pa t57184 l57185">and </span><span class="pp-class-373 pa t57184 l57186">costs, </span><span class="pp-class-373 pa t57184 l57187 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l57188">-823</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l57189">-659</span></p></td></tr></table><div id="pp-id-5249"><div class="pp-class-363 pp-class-395" id="pp-id-5217"><div class="w37231 h53487 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1073">Financial </span><span class="pp-class-382 pa t29793 l57190 ls2486">income </span><span class="pp-class-382 pa t29793 l57191 ls1099">and </span><span class="pp-class-382 pa t29793 l34254 ls1759">costs </span><span class="pp-class-382 pa t29793 l57192 ls2694">comprise </span><span class="pp-class-382 pa t29793 l32324 ls2784">interest </span><span class="pp-class-382 pa t29793 l48361 ls2486">income </span><span class="pp-class-382 pa t29793 l57193 ls858">and </span><span class="pp-class-382 pa t29793 l57194 ls2486">costs; </span><span class="pp-class-382 pa t29793 l57195 ls8853">realised </span><span class="pp-class-382 pa t29793 l57196 ls1099">and </span><span class="pp-class-382 pa t29793 l57197 ls2970">unrealised </span><span class="pp-class-382 pa t29793 l57198 ls1759">gains </span><span class="pp-class-382 pa t29793 l57199 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls2486">losses </span><span class="pp-class-382 pa t29798 l16285 ls1080">on </span><span class="pp-class-382 pa t29798 l50033 ls6007">receivables, </span><span class="pp-class-382 pa t29798 l57200 ls1243">payables </span><span class="pp-class-382 pa t29798 l45287 ls858">and </span><span class="pp-class-382 pa t29798 l57201 ls3623">transactions </span><span class="pp-class-382 pa t29798 l57202 ls728">denominated </span><span class="pp-class-382 pa t29798 l55102 ls1080">in </span><span class="pp-class-382 pa t29798 l57203 ls1463">foreign </span><span class="pp-class-382 pa t29798 l57204 ls2142">currencies; </span><span class="pp-class-382 pa t29798 l57205 ls8853">realised </span><span class="pp-class-382 pa t29798 l57206 ls1080">gains </span><span class="pp-class-382 pa t36806 l3 ls858">and </span><span class="pp-class-382 pa t36806 l29386 ls2486">losses </span><span class="pp-class-382 pa t36806 l57207 ls1080">on </span><span class="pp-class-382 pa t36806 l42623 ls1118">securities; </span><span class="pp-class-382 pa t36806 l57208 ls238">amortisation </span><span class="pp-class-382 pa t36806 l5130 ls103">of </span><span class="pp-class-382 pa t36806 l57209 ls1073">financial </span><span class="pp-class-382 pa t36806 l28242 ls238">assets </span><span class="pp-class-382 pa t36806 l57210 ls858">and </span><span class="pp-class-382 pa t36806 l57211 ls830">liabilities; </span><span class="pp-class-382 pa t36806 l57212 ls852">interests </span><span class="pp-class-382 pa t36806 l57213 ls1080">on </span><span class="pp-class-382 pa t36806 l57214 ls858">leasing </span><span class="pp-class-382 pa t29811 l3 ls852">agreements; </span><span class="pp-class-382 pa t29811 l51818 ls1323">bank </span><span class="pp-class-382 pa t29811 l57215 ls1150">charges </span><span class="pp-class-382 pa t29811 l57216 ls858">and </span><span class="pp-class-382 pa t29811 l57217 ls3278">fees </span><span class="pp-class-382 pa t29811 l57218 ls1868">etc. </span><span class="pp-class-382 pa t29811 l57219 ls1323">Also </span><span class="pp-class-382 pa t29811 l30900 ls238">included </span><span class="pp-class-382 pa t29811 l57220 ls800">are </span><span class="pp-class-382 pa t29811 l57221 ls8853">realised </span><span class="pp-class-382 pa t29811 l57222 ls1099">and </span><span class="pp-class-382 pa t29811 l57223 ls2970">unrealised </span><span class="pp-class-382 pa t29811 l57224 ls1759">gains </span><span class="pp-class-382 pa t29811 l57225 ls858">and </span><span class="pp-class-382 pa t29811 l57226 ls1110">losses </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4279">derivative </span><span class="pp-class-382 pa t29824 l14525 ls1073">financial </span><span class="pp-class-382 pa t29824 l41139 ls806">instruments </span><span class="pp-class-382 pa t29824 l57227 ls6360">that </span><span class="pp-class-382 pa t29824 l57228 ls800">are </span><span class="pp-class-382 pa t29824 l57229 ls830">not </span><span class="pp-class-382 pa t29824 l57230 ls803">designated </span><span class="pp-class-382 pa t29824 l57231 ls1080">as </span><span class="pp-class-382 pa t29824 l57232 ls2486">hedges.</span></p></div></div></div></div></div><div id="pp-id-5120" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3451 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3453 l3 ls138">Primarily </span><span class="pp-class-376 pa t3453 l39152 ls1955">relates </span><span class="pp-class-376 pa t3453 l57233 ls166">to </span><span class="pp-class-376 pa t3457 l3">financial </span><span class="pp-class-376 pa t3457 l3235 ls175">assets/</span><span class="pp-class-376 pa t3463 l3">liabilities </span><span class="pp-class-376 pa t3463 l54981 ls1259">measured </span><span class="pp-class-376 pa t3463 l8704 ls2835">at </span><span class="pp-class-376 pa t4229 l3 ls2554">amortised </span><span class="pp-class-376 pa t4229 l9442 ls502">cost. </span><span class="pp-class-376 pa t4229 l57234">Income </span><span class="pp-class-376 pa t4234 l3 ls72">(net) </span><span class="pp-class-376 pa t4234 l57235 ls931">from </span><span class="pp-class-376 pa t4234 l43747 ls884">interest </span><span class="pp-class-376 pa t4234 l47173 ls274">swaps </span><span class="pp-class-376 pa t4241 l3">is </span><span class="pp-class-376 pa t4241 l31749">DKK </span><span class="pp-class-376 pa t4241 l16507">20m </span><span class="pp-class-376 pa t4241 l57236">(2023: </span><span class="pp-class-376 pa t4241 l57237">DKK </span><span class="pp-class-376 pa t4246 l3">0m) </span><span class="pp-class-376 pa t4246 l57238">and </span><span class="pp-class-376 pa t4246 l57239">is </span><span class="pp-class-376 pa t4246 l1456 ls842">included </span><span class="pp-class-376 pa t34377 l3">under </span><span class="pp-class-376 pa t34377 l54080 ls884">Interest </span><span class="pp-class-376 pa t34377 l57240 ls671">expense </span><span class="pp-class-376 pa t45924 l3 ls166">to </span><span class="pp-class-376 pa t45924 l4223 ls254">banks, </span><span class="pp-class-376 pa t45925 l3 ls134">credit </span><span class="pp-class-376 pa t45925 l29903">institutions, </span><span class="pp-class-376 pa t45925 l57241 ls1323">cor-</span><span class="pp-class-376 pa t45926 l3 ls3566">porate </span><span class="pp-class-376 pa t45926 l57242">bonds, </span><span class="pp-class-376 pa t45926 l7467 ls16">etc</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t48933 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t48934 l3 ls124">Foreign </span><span class="pp-class-376 pa t48934 l42531 ls230">exchange </span><span class="pp-class-376 pa t48934 l42532">gains </span><span class="pp-class-376 pa t49606 l3">in </span><span class="pp-class-376 pa t49606 l16328 ls16">2024 </span><span class="pp-class-376 pa t49606 l55401 ls105">amounts </span><span class="pp-class-376 pa t49606 l57243 ls166">to </span><span class="pp-class-376 pa t49606 l57244">DKK </span><span class="pp-class-376 pa t57245 l3">560m </span><span class="pp-class-376 pa t57245 l57246">(2023: </span><span class="pp-class-376 pa t57245 l57247">DKK </span><span class="pp-class-376 pa t57245 l53289">440m) </span><span class="pp-class-376 pa t57248 l3">and </span><span class="pp-class-376 pa t57248 l4247 ls978">foreign </span><span class="pp-class-376 pa t57248 l57249 ls230">exchange </span><span class="pp-class-376 pa t57250 l3">losses </span><span class="pp-class-376 pa t57250 l48762 ls105">amounts </span><span class="pp-class-376 pa t57250 l18629 ls166">to </span><span class="pp-class-376 pa t57250 l57251">DKK </span><span class="pp-class-376 pa t57252 l3">535m </span><span class="pp-class-376 pa t57252 l57253">(2023: </span><span class="pp-class-376 pa t57252 l57254">DKK </span><span class="pp-class-376 pa t57252 l53066">463m) </span></p></div></div> <div id="pp-id-5250" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1110">4.4 </span><span class="pp-class-370 pa t21055 l43638">Financial </span><span class="pp-class-370 pa t21055 l54993">income </span><span class="pp-class-370 pa t21055 l57144">and </span><span class="pp-class-370 pa t21055 l57145">costs</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3">Financial </span><span class="pp-class-372 pa t42308 l2916">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l3 ls884">Interest </span><span class="pp-class-372 pa t43125 l14027">income </span><span class="pp-class-372 pa t43125 l55026 ls931">from </span><span class="pp-class-372 pa t43125 l57146 ls254">banks, </span><span class="pp-class-372 pa t43125 l35996 ls931">etc.</span><span class="pp-class-374 pa t57147 l57148">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l57149">20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43125 l57150 ls3152">47</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l3 ls124">Foreign </span><span class="pp-class-372 pa t22670 l42531 ls230">exchange </span><span class="pp-class-372 pa t22670 l42532">gain, </span><span class="pp-class-372 pa t22670 l30054 ls913">net</span><span class="pp-class-374 pa t54676 l45080">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l54007">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t22670 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l3">Other </span><span class="pp-class-372 pa t46966 l8525">financial </span><span class="pp-class-372 pa t46966 l57151">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t46966 l57152">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l3 ls2459">Total </span><span class="pp-class-373 pa t57153 l29712 ls2548">financial </span><span class="pp-class-373 pa t57153 l55861">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l57154 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57153 l57155">80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57156 l3">Financial </span><span class="pp-class-372 pa t57156 l2916">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l3 ls884">Interest </span><span class="pp-class-372 pa t57157 l14027 ls671">expense </span><span class="pp-class-372 pa t57157 l47243 ls166">to </span><span class="pp-class-372 pa t57157 l57158 ls254">banks, </span><span class="pp-class-372 pa t57157 l57159 ls134">credit </span><span class="pp-class-372 pa t57157 l12577">institutions, </span><span class="pp-class-372 pa t57157 l57160 ls68">corporate </span><span class="pp-class-372 pa t57157 l57161">bonds, </span><span class="pp-class-372 pa t57157 l57162 ls931">etc.</span><span class="pp-class-374 pa t57163 l57164">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l52892">536</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57157 l57165 ls8541">478</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l3 ls884">Interest </span><span class="pp-class-372 pa t57166 l14027 ls671">expense </span><span class="pp-class-372 pa t57166 l47243">on </span><span class="pp-class-372 pa t57166 l57167">lease </span><span class="pp-class-372 pa t57166 l57168">liabilities, </span><span class="pp-class-372 pa t57166 l57169 ls1344">reference </span><span class="pp-class-372 pa t57166 l57170">is </span><span class="pp-class-372 pa t57166 l57171 ls128">made </span><span class="pp-class-372 pa t57166 l57172 ls166">to </span><span class="pp-class-372 pa t57166 l29952 ls171">note </span><span class="pp-class-372 pa t57166 l57173 ls6007">3.1.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l50469">286</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57166 l50291">208</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l3 ls124">Foreign </span><span class="pp-class-372 pa t57174 l42531 ls230">exchange </span><span class="pp-class-372 pa t57174 l42532">loss, </span><span class="pp-class-372 pa t57174 l33958 ls913">net</span><span class="pp-class-374 pa t57175 l16477">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57174 l56472 ls124">18</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l3 ls2220">Defined </span><span class="pp-class-372 pa t43162 l47083 ls2220">benefit </span><span class="pp-class-372 pa t43162 l47086">pension </span><span class="pp-class-372 pa t43162 l47087">plans, </span><span class="pp-class-372 pa t43162 l57176 ls1344">reference </span><span class="pp-class-372 pa t43162 l57177">is </span><span class="pp-class-372 pa t43162 l47151 ls128">made </span><span class="pp-class-372 pa t43162 l57178 ls166">to </span><span class="pp-class-372 pa t43162 l57179 ls171">note </span><span class="pp-class-372 pa t43162 l57180 ls3377">3.2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43162 l42568">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l3">Other </span><span class="pp-class-372 pa t43167 l8525">financial </span><span class="pp-class-372 pa t43167 l57151">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l53483 ls3152">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t43167 l57152">33</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l3 ls2459">Total </span><span class="pp-class-373 pa t57181 l29712 ls2548">financial </span><span class="pp-class-373 pa t57181 l55861">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l57182 ls4305">870</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57181 l57183 ls1065">739</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l3">Financial </span><span class="pp-class-373 pa t57184 l50887">income </span><span class="pp-class-373 pa t57184 l57185">and </span><span class="pp-class-373 pa t57184 l57186">costs, </span><span class="pp-class-373 pa t57184 l57187 ls175">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l57188">-823</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57184 l57189">-659</span></p></td></tr></table><div id="pp-id-5249"><div class="pp-class-363 pp-class-395" id="pp-id-5217"><div class="w37231 h53487 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1073">Financial </span><span class="pp-class-382 pa t29793 l57190 ls2486">income </span><span class="pp-class-382 pa t29793 l57191 ls1099">and </span><span class="pp-class-382 pa t29793 l34254 ls1759">costs </span><span class="pp-class-382 pa t29793 l57192 ls2694">comprise </span><span class="pp-class-382 pa t29793 l32324 ls2784">interest </span><span class="pp-class-382 pa t29793 l48361 ls2486">income </span><span class="pp-class-382 pa t29793 l57193 ls858">and </span><span class="pp-class-382 pa t29793 l57194 ls2486">costs; </span><span class="pp-class-382 pa t29793 l57195 ls8853">realised </span><span class="pp-class-382 pa t29793 l57196 ls1099">and </span><span class="pp-class-382 pa t29793 l57197 ls2970">unrealised </span><span class="pp-class-382 pa t29793 l57198 ls1759">gains </span><span class="pp-class-382 pa t29793 l57199 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls2486">losses </span><span class="pp-class-382 pa t29798 l16285 ls1080">on </span><span class="pp-class-382 pa t29798 l50033 ls6007">receivables, </span><span class="pp-class-382 pa t29798 l57200 ls1243">payables </span><span class="pp-class-382 pa t29798 l45287 ls858">and </span><span class="pp-class-382 pa t29798 l57201 ls3623">transactions </span><span class="pp-class-382 pa t29798 l57202 ls728">denominated </span><span class="pp-class-382 pa t29798 l55102 ls1080">in </span><span class="pp-class-382 pa t29798 l57203 ls1463">foreign </span><span class="pp-class-382 pa t29798 l57204 ls2142">currencies; </span><span class="pp-class-382 pa t29798 l57205 ls8853">realised </span><span class="pp-class-382 pa t29798 l57206 ls1080">gains </span><span class="pp-class-382 pa t36806 l3 ls858">and </span><span class="pp-class-382 pa t36806 l29386 ls2486">losses </span><span class="pp-class-382 pa t36806 l57207 ls1080">on </span><span class="pp-class-382 pa t36806 l42623 ls1118">securities; </span><span class="pp-class-382 pa t36806 l57208 ls238">amortisation </span><span class="pp-class-382 pa t36806 l5130 ls103">of </span><span class="pp-class-382 pa t36806 l57209 ls1073">financial </span><span class="pp-class-382 pa t36806 l28242 ls238">assets </span><span class="pp-class-382 pa t36806 l57210 ls858">and </span><span class="pp-class-382 pa t36806 l57211 ls830">liabilities; </span><span class="pp-class-382 pa t36806 l57212 ls852">interests </span><span class="pp-class-382 pa t36806 l57213 ls1080">on </span><span class="pp-class-382 pa t36806 l57214 ls858">leasing </span><span class="pp-class-382 pa t29811 l3 ls852">agreements; </span><span class="pp-class-382 pa t29811 l51818 ls1323">bank </span><span class="pp-class-382 pa t29811 l57215 ls1150">charges </span><span class="pp-class-382 pa t29811 l57216 ls858">and </span><span class="pp-class-382 pa t29811 l57217 ls3278">fees </span><span class="pp-class-382 pa t29811 l57218 ls1868">etc. </span><span class="pp-class-382 pa t29811 l57219 ls1323">Also </span><span class="pp-class-382 pa t29811 l30900 ls238">included </span><span class="pp-class-382 pa t29811 l57220 ls800">are </span><span class="pp-class-382 pa t29811 l57221 ls8853">realised </span><span class="pp-class-382 pa t29811 l57222 ls1099">and </span><span class="pp-class-382 pa t29811 l57223 ls2970">unrealised </span><span class="pp-class-382 pa t29811 l57224 ls1759">gains </span><span class="pp-class-382 pa t29811 l57225 ls858">and </span><span class="pp-class-382 pa t29811 l57226 ls1110">losses </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4279">derivative </span><span class="pp-class-382 pa t29824 l14525 ls1073">financial </span><span class="pp-class-382 pa t29824 l41139 ls806">instruments </span><span class="pp-class-382 pa t29824 l57227 ls6360">that </span><span class="pp-class-382 pa t29824 l57228 ls800">are </span><span class="pp-class-382 pa t29824 l57229 ls830">not </span><span class="pp-class-382 pa t29824 l57230 ls803">designated </span><span class="pp-class-382 pa t29824 l57231 ls1080">as </span><span class="pp-class-382 pa t29824 l57232 ls2486">hedges.</span></p></div></div></div></div></div><div id="pp-id-5120" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3451 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3453 l3 ls138">Primarily </span><span class="pp-class-376 pa t3453 l39152 ls1955">relates </span><span class="pp-class-376 pa t3453 l57233 ls166">to </span><span class="pp-class-376 pa t3457 l3">financial </span><span class="pp-class-376 pa t3457 l3235 ls175">assets/</span><span class="pp-class-376 pa t3463 l3">liabilities </span><span class="pp-class-376 pa t3463 l54981 ls1259">measured </span><span class="pp-class-376 pa t3463 l8704 ls2835">at </span><span class="pp-class-376 pa t4229 l3 ls2554">amortised </span><span class="pp-class-376 pa t4229 l9442 ls502">cost. </span><span class="pp-class-376 pa t4229 l57234">Income </span><span class="pp-class-376 pa t4234 l3 ls72">(net) </span><span class="pp-class-376 pa t4234 l57235 ls931">from </span><span class="pp-class-376 pa t4234 l43747 ls884">interest </span><span class="pp-class-376 pa t4234 l47173 ls274">swaps </span><span class="pp-class-376 pa t4241 l3">is </span><span class="pp-class-376 pa t4241 l31749">DKK </span><span class="pp-class-376 pa t4241 l16507">20m </span><span class="pp-class-376 pa t4241 l57236">(2023: </span><span class="pp-class-376 pa t4241 l57237">DKK </span><span class="pp-class-376 pa t4246 l3">0m) </span><span class="pp-class-376 pa t4246 l57238">and </span><span class="pp-class-376 pa t4246 l57239">is </span><span class="pp-class-376 pa t4246 l1456 ls842">included </span><span class="pp-class-376 pa t34377 l3">under </span><span class="pp-class-376 pa t34377 l54080 ls884">Interest </span><span class="pp-class-376 pa t34377 l57240 ls671">expense </span><span class="pp-class-376 pa t45924 l3 ls166">to </span><span class="pp-class-376 pa t45924 l4223 ls254">banks, </span><span class="pp-class-376 pa t45925 l3 ls134">credit </span><span class="pp-class-376 pa t45925 l29903">institutions, </span><span class="pp-class-376 pa t45925 l57241 ls1323">cor-</span><span class="pp-class-376 pa t45926 l3 ls3566">porate </span><span class="pp-class-376 pa t45926 l57242">bonds, </span><span class="pp-class-376 pa t45926 l7467 ls16">etc</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t48933 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t48934 l3 ls124">Foreign </span><span class="pp-class-376 pa t48934 l42531 ls230">exchange </span><span class="pp-class-376 pa t48934 l42532">gains </span><span class="pp-class-376 pa t49606 l3">in </span><span class="pp-class-376 pa t49606 l16328 ls16">2024 </span><span class="pp-class-376 pa t49606 l55401 ls105">amounts </span><span class="pp-class-376 pa t49606 l57243 ls166">to </span><span class="pp-class-376 pa t49606 l57244">DKK </span><span class="pp-class-376 pa t57245 l3">560m </span><span class="pp-class-376 pa t57245 l57246">(2023: </span><span class="pp-class-376 pa t57245 l57247">DKK </span><span class="pp-class-376 pa t57245 l53289">440m) </span><span class="pp-class-376 pa t57248 l3">and </span><span class="pp-class-376 pa t57248 l4247 ls978">foreign </span><span class="pp-class-376 pa t57248 l57249 ls230">exchange </span><span class="pp-class-376 pa t57250 l3">losses </span><span class="pp-class-376 pa t57250 l48762 ls105">amounts </span><span class="pp-class-376 pa t57250 l18629 ls166">to </span><span class="pp-class-376 pa t57250 l57251">DKK </span><span class="pp-class-376 pa t57252 l3">535m </span><span class="pp-class-376 pa t57252 l57253">(2023: </span><span class="pp-class-376 pa t57252 l57254">DKK </span><span class="pp-class-376 pa t57252 l53066">463m) </span></p></div></div> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1073">Financial </span><span class="pp-class-382 pa t29793 l57190 ls2486">income </span><span class="pp-class-382 pa t29793 l57191 ls1099">and </span><span class="pp-class-382 pa t29793 l34254 ls1759">costs </span><span class="pp-class-382 pa t29793 l57192 ls2694">comprise </span><span class="pp-class-382 pa t29793 l32324 ls2784">interest </span><span class="pp-class-382 pa t29793 l48361 ls2486">income </span><span class="pp-class-382 pa t29793 l57193 ls858">and </span><span class="pp-class-382 pa t29793 l57194 ls2486">costs; </span><span class="pp-class-382 pa t29793 l57195 ls8853">realised </span><span class="pp-class-382 pa t29793 l57196 ls1099">and </span><span class="pp-class-382 pa t29793 l57197 ls2970">unrealised </span><span class="pp-class-382 pa t29793 l57198 ls1759">gains </span><span class="pp-class-382 pa t29793 l57199 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls2486">losses </span><span class="pp-class-382 pa t29798 l16285 ls1080">on </span><span class="pp-class-382 pa t29798 l50033 ls6007">receivables, </span><span class="pp-class-382 pa t29798 l57200 ls1243">payables </span><span class="pp-class-382 pa t29798 l45287 ls858">and </span><span class="pp-class-382 pa t29798 l57201 ls3623">transactions </span><span class="pp-class-382 pa t29798 l57202 ls728">denominated </span><span class="pp-class-382 pa t29798 l55102 ls1080">in </span><span class="pp-class-382 pa t29798 l57203 ls1463">foreign </span><span class="pp-class-382 pa t29798 l57204 ls2142">currencies; </span><span class="pp-class-382 pa t29798 l57205 ls8853">realised </span><span class="pp-class-382 pa t29798 l57206 ls1080">gains </span><span class="pp-class-382 pa t36806 l3 ls858">and </span><span class="pp-class-382 pa t36806 l29386 ls2486">losses </span><span class="pp-class-382 pa t36806 l57207 ls1080">on </span><span class="pp-class-382 pa t36806 l42623 ls1118">securities; </span><span class="pp-class-382 pa t36806 l57208 ls238">amortisation </span><span class="pp-class-382 pa t36806 l5130 ls103">of </span><span class="pp-class-382 pa t36806 l57209 ls1073">financial </span><span class="pp-class-382 pa t36806 l28242 ls238">assets </span><span class="pp-class-382 pa t36806 l57210 ls858">and </span><span class="pp-class-382 pa t36806 l57211 ls830">liabilities; </span><span class="pp-class-382 pa t36806 l57212 ls852">interests </span><span class="pp-class-382 pa t36806 l57213 ls1080">on </span><span class="pp-class-382 pa t36806 l57214 ls858">leasing </span><span class="pp-class-382 pa t29811 l3 ls852">agreements; </span><span class="pp-class-382 pa t29811 l51818 ls1323">bank </span><span class="pp-class-382 pa t29811 l57215 ls1150">charges </span><span class="pp-class-382 pa t29811 l57216 ls858">and </span><span class="pp-class-382 pa t29811 l57217 ls3278">fees </span><span class="pp-class-382 pa t29811 l57218 ls1868">etc. </span><span class="pp-class-382 pa t29811 l57219 ls1323">Also </span><span class="pp-class-382 pa t29811 l30900 ls238">included </span><span class="pp-class-382 pa t29811 l57220 ls800">are </span><span class="pp-class-382 pa t29811 l57221 ls8853">realised </span><span class="pp-class-382 pa t29811 l57222 ls1099">and </span><span class="pp-class-382 pa t29811 l57223 ls2970">unrealised </span><span class="pp-class-382 pa t29811 l57224 ls1759">gains </span><span class="pp-class-382 pa t29811 l57225 ls858">and </span><span class="pp-class-382 pa t29811 l57226 ls1110">losses </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4279">derivative </span><span class="pp-class-382 pa t29824 l14525 ls1073">financial </span><span class="pp-class-382 pa t29824 l41139 ls806">instruments </span><span class="pp-class-382 pa t29824 l57227 ls6360">that </span><span class="pp-class-382 pa t29824 l57228 ls800">are </span><span class="pp-class-382 pa t29824 l57229 ls830">not </span><span class="pp-class-382 pa t29824 l57230 ls803">designated </span><span class="pp-class-382 pa t29824 l57231 ls1080">as </span><span class="pp-class-382 pa t29824 l57232 ls2486">hedges.</span></p> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1073">Financial </span><span class="pp-class-382 pa t29793 l57190 ls2486">income </span><span class="pp-class-382 pa t29793 l57191 ls1099">and </span><span class="pp-class-382 pa t29793 l34254 ls1759">costs </span><span class="pp-class-382 pa t29793 l57192 ls2694">comprise </span><span class="pp-class-382 pa t29793 l32324 ls2784">interest </span><span class="pp-class-382 pa t29793 l48361 ls2486">income </span><span class="pp-class-382 pa t29793 l57193 ls858">and </span><span class="pp-class-382 pa t29793 l57194 ls2486">costs; </span><span class="pp-class-382 pa t29793 l57195 ls8853">realised </span><span class="pp-class-382 pa t29793 l57196 ls1099">and </span><span class="pp-class-382 pa t29793 l57197 ls2970">unrealised </span><span class="pp-class-382 pa t29793 l57198 ls1759">gains </span><span class="pp-class-382 pa t29793 l57199 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls2486">losses </span><span class="pp-class-382 pa t29798 l16285 ls1080">on </span><span class="pp-class-382 pa t29798 l50033 ls6007">receivables, </span><span class="pp-class-382 pa t29798 l57200 ls1243">payables </span><span class="pp-class-382 pa t29798 l45287 ls858">and </span><span class="pp-class-382 pa t29798 l57201 ls3623">transactions </span><span class="pp-class-382 pa t29798 l57202 ls728">denominated </span><span class="pp-class-382 pa t29798 l55102 ls1080">in </span><span class="pp-class-382 pa t29798 l57203 ls1463">foreign </span><span class="pp-class-382 pa t29798 l57204 ls2142">currencies; </span><span class="pp-class-382 pa t29798 l57205 ls8853">realised </span><span class="pp-class-382 pa t29798 l57206 ls1080">gains </span><span class="pp-class-382 pa t36806 l3 ls858">and </span><span class="pp-class-382 pa t36806 l29386 ls2486">losses </span><span class="pp-class-382 pa t36806 l57207 ls1080">on </span><span class="pp-class-382 pa t36806 l42623 ls1118">securities; </span><span class="pp-class-382 pa t36806 l57208 ls238">amortisation </span><span class="pp-class-382 pa t36806 l5130 ls103">of </span><span class="pp-class-382 pa t36806 l57209 ls1073">financial </span><span class="pp-class-382 pa t36806 l28242 ls238">assets </span><span class="pp-class-382 pa t36806 l57210 ls858">and </span><span class="pp-class-382 pa t36806 l57211 ls830">liabilities; </span><span class="pp-class-382 pa t36806 l57212 ls852">interests </span><span class="pp-class-382 pa t36806 l57213 ls1080">on </span><span class="pp-class-382 pa t36806 l57214 ls858">leasing </span><span class="pp-class-382 pa t29811 l3 ls852">agreements; </span><span class="pp-class-382 pa t29811 l51818 ls1323">bank </span><span class="pp-class-382 pa t29811 l57215 ls1150">charges </span><span class="pp-class-382 pa t29811 l57216 ls858">and </span><span class="pp-class-382 pa t29811 l57217 ls3278">fees </span><span class="pp-class-382 pa t29811 l57218 ls1868">etc. </span><span class="pp-class-382 pa t29811 l57219 ls1323">Also </span><span class="pp-class-382 pa t29811 l30900 ls238">included </span><span class="pp-class-382 pa t29811 l57220 ls800">are </span><span class="pp-class-382 pa t29811 l57221 ls8853">realised </span><span class="pp-class-382 pa t29811 l57222 ls1099">and </span><span class="pp-class-382 pa t29811 l57223 ls2970">unrealised </span><span class="pp-class-382 pa t29811 l57224 ls1759">gains </span><span class="pp-class-382 pa t29811 l57225 ls858">and </span><span class="pp-class-382 pa t29811 l57226 ls1110">losses </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4279">derivative </span><span class="pp-class-382 pa t29824 l14525 ls1073">financial </span><span class="pp-class-382 pa t29824 l41139 ls806">instruments </span><span class="pp-class-382 pa t29824 l57227 ls6360">that </span><span class="pp-class-382 pa t29824 l57228 ls800">are </span><span class="pp-class-382 pa t29824 l57229 ls830">not </span><span class="pp-class-382 pa t29824 l57230 ls803">designated </span><span class="pp-class-382 pa t29824 l57231 ls1080">as </span><span class="pp-class-382 pa t29824 l57232 ls2486">hedges.</span></p> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls1073">Financial </span><span class="pp-class-382 pa t29793 l57190 ls2486">income </span><span class="pp-class-382 pa t29793 l57191 ls1099">and </span><span class="pp-class-382 pa t29793 l34254 ls1759">costs </span><span class="pp-class-382 pa t29793 l57192 ls2694">comprise </span><span class="pp-class-382 pa t29793 l32324 ls2784">interest </span><span class="pp-class-382 pa t29793 l48361 ls2486">income </span><span class="pp-class-382 pa t29793 l57193 ls858">and </span><span class="pp-class-382 pa t29793 l57194 ls2486">costs; </span><span class="pp-class-382 pa t29793 l57195 ls8853">realised </span><span class="pp-class-382 pa t29793 l57196 ls1099">and </span><span class="pp-class-382 pa t29793 l57197 ls2970">unrealised </span><span class="pp-class-382 pa t29793 l57198 ls1759">gains </span><span class="pp-class-382 pa t29793 l57199 ls302">and </span><span class="pp-class-382 pa t29798 l3 ls2486">losses </span><span class="pp-class-382 pa t29798 l16285 ls1080">on </span><span class="pp-class-382 pa t29798 l50033 ls6007">receivables, </span><span class="pp-class-382 pa t29798 l57200 ls1243">payables </span><span class="pp-class-382 pa t29798 l45287 ls858">and </span><span class="pp-class-382 pa t29798 l57201 ls3623">transactions </span><span class="pp-class-382 pa t29798 l57202 ls728">denominated </span><span class="pp-class-382 pa t29798 l55102 ls1080">in </span><span class="pp-class-382 pa t29798 l57203 ls1463">foreign </span><span class="pp-class-382 pa t29798 l57204 ls2142">currencies; </span><span class="pp-class-382 pa t29798 l57205 ls8853">realised </span><span class="pp-class-382 pa t29798 l57206 ls1080">gains </span><span class="pp-class-382 pa t36806 l3 ls858">and </span><span class="pp-class-382 pa t36806 l29386 ls2486">losses </span><span class="pp-class-382 pa t36806 l57207 ls1080">on </span><span class="pp-class-382 pa t36806 l42623 ls1118">securities; </span><span class="pp-class-382 pa t36806 l57208 ls238">amortisation </span><span class="pp-class-382 pa t36806 l5130 ls103">of </span><span class="pp-class-382 pa t36806 l57209 ls1073">financial </span><span class="pp-class-382 pa t36806 l28242 ls238">assets </span><span class="pp-class-382 pa t36806 l57210 ls858">and </span><span class="pp-class-382 pa t36806 l57211 ls830">liabilities; </span><span class="pp-class-382 pa t36806 l57212 ls852">interests </span><span class="pp-class-382 pa t36806 l57213 ls1080">on </span><span class="pp-class-382 pa t36806 l57214 ls858">leasing </span><span class="pp-class-382 pa t29811 l3 ls852">agreements; </span><span class="pp-class-382 pa t29811 l51818 ls1323">bank </span><span class="pp-class-382 pa t29811 l57215 ls1150">charges </span><span class="pp-class-382 pa t29811 l57216 ls858">and </span><span class="pp-class-382 pa t29811 l57217 ls3278">fees </span><span class="pp-class-382 pa t29811 l57218 ls1868">etc. </span><span class="pp-class-382 pa t29811 l57219 ls1323">Also </span><span class="pp-class-382 pa t29811 l30900 ls238">included </span><span class="pp-class-382 pa t29811 l57220 ls800">are </span><span class="pp-class-382 pa t29811 l57221 ls8853">realised </span><span class="pp-class-382 pa t29811 l57222 ls1099">and </span><span class="pp-class-382 pa t29811 l57223 ls2970">unrealised </span><span class="pp-class-382 pa t29811 l57224 ls1759">gains </span><span class="pp-class-382 pa t29811 l57225 ls858">and </span><span class="pp-class-382 pa t29811 l57226 ls1110">losses </span><span class="pp-class-382 pa t29824 l3 ls1080">on </span><span class="pp-class-382 pa t29824 l50046 ls4279">derivative </span><span class="pp-class-382 pa t29824 l14525 ls1073">financial </span><span class="pp-class-382 pa t29824 l41139 ls806">instruments </span><span class="pp-class-382 pa t29824 l57227 ls6360">that </span><span class="pp-class-382 pa t29824 l57228 ls800">are </span><span class="pp-class-382 pa t29824 l57229 ls830">not </span><span class="pp-class-382 pa t29824 l57230 ls803">designated </span><span class="pp-class-382 pa t29824 l57231 ls1080">as </span><span class="pp-class-382 pa t29824 l57232 ls2486">hedges.</span></p> <div id="pp-id-5251" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h47182 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls4279">4.5 </span><span class="pp-class-370 pa t21055 l43638 ls138">Interest-bearing </span><span class="pp-class-370 pa t21055 l57255">liabilities</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3">Bank </span><span class="pp-class-372 pa t42308 l55868">loans </span><span class="pp-class-372 pa t42308 l55869">and </span><span class="pp-class-372 pa t42308 l55870 ls2329">mortgage </span><span class="pp-class-372 pa t42308 l15524">on </span><span class="pp-class-372 pa t42308 l55871 ls704">ferries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l57256 ls712">9,894</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l57257 ls57258">7,724</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l3">Issued </span><span class="pp-class-372 pa t42312 l46451 ls68">corporate </span><span class="pp-class-372 pa t42312 l55878">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l57259 ls128">2,110</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l57260">992</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l3">Lease </span><span class="pp-class-372 pa t42313 l50415">liability</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l50427 ls103">4,846</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l50428 ls103">4,886</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l3">Other </span><span class="pp-class-372 pa t57261 l8525 ls171">non-current </span><span class="pp-class-372 pa t57261 l42613">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l57262">263</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t23844 l3 ls2459">Total </span><span class="pp-class-373 pa t23844 l29712 ls316">interest-bearing </span><span class="pp-class-373 pa t23844 l57263 ls193">non-current </span><span class="pp-class-373 pa t23844 l57264">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t23844 l57265 ls9996">17,113</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t23844 l57266 ls53">13,602</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57267 l3">Bank </span><span class="pp-class-372 pa t57267 l55868">loans </span><span class="pp-class-372 pa t57267 l55869">and </span><span class="pp-class-372 pa t57267 l55870 ls2329">mortgage </span><span class="pp-class-372 pa t57267 l15524">on </span><span class="pp-class-372 pa t57267 l55871 ls704">ferries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57267 l57268">551</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57267 l57269 ls278">416</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57270 l3">Issued </span><span class="pp-class-372 pa t57270 l46451 ls68">corporate </span><span class="pp-class-372 pa t57270 l55878">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57270 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57270 l57271">265</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57272 l3">Lease </span><span class="pp-class-372 pa t57272 l50415">liability</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57272 l50430 ls688">1,027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57272 l50431">946</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57273 l3">Other </span><span class="pp-class-372 pa t57273 l8525 ls171">non-current </span><span class="pp-class-372 pa t57273 l42613">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57273 l57274">44</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57273 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57275 l3 ls2459">Total </span><span class="pp-class-373 pa t57275 l29712 ls316">interest-bearing </span><span class="pp-class-373 pa t57275 l57263 ls128">current </span><span class="pp-class-373 pa t57275 l57276">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57275 l55253 ls99">1,621</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57275 l57277 ls276">1,627</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57278 l3 ls2459">Total </span><span class="pp-class-373 pa t57278 l29712 ls316">interest-bearing </span><span class="pp-class-373 pa t57278 l57263">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57278 l57279 ls17717">18,733</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57278 l57280 ls274">15,229</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t57281 l3 ls1080">In </span><span class="pp-class-382 pa t57281 l43891 ls1150">2024 </span><span class="pp-class-382 pa t57281 l50517 ls1323">DFDS </span><span class="pp-class-382 pa t57281 l50083 ls3278">obtained </span><span class="pp-class-382 pa t57281 l52470 ls1150">two </span><span class="pp-class-382 pa t57281 l34238 ls1150">new </span><span class="pp-class-382 pa t57281 l29967 ls1073">term </span><span class="pp-class-382 pa t57281 l57282 ls1759">loans </span><span class="pp-class-382 pa t57281 l57283 ls1080">in </span><span class="pp-class-382 pa t57281 l57284 ls2531">relation </span><span class="pp-class-382 pa t57281 l49210 ls1759">to </span><span class="pp-class-382 pa t57281 l57285 ls1099">the </span><span class="pp-class-382 pa t57281 l57286 ls1772">acquisition </span><span class="pp-class-382 pa t57281 l57287 ls103">of </span><span class="pp-class-382 pa t57281 l57288 ls1323">FRS </span><span class="pp-class-382 pa t57281 l57289 ls819">Iberia/Maroc </span><span class="pp-class-382 pa t57281 l57290 ls858">and </span><span class="pp-class-382 pa t57281 l57291 ls3278">Ekol </span><span class="pp-class-382 pa t57292 l3 ls803">International </span><span class="pp-class-382 pa t57292 l57293 ls1314">Transport, </span><span class="pp-class-382 pa t57292 l57294 ls806">both </span><span class="pp-class-382 pa t57292 l47501 ls1323">with </span><span class="pp-class-382 pa t57292 l57295 ls302">a </span><span class="pp-class-382 pa t57292 l6400 ls1101">maturity </span><span class="pp-class-382 pa t57292 l18039 ls103">of </span><span class="pp-class-382 pa t57292 l53706 ls302">3 </span><span class="pp-class-382 pa t57292 l57296 ls2142">years </span><span class="pp-class-382 pa t57292 l57297 ls858">and </span><span class="pp-class-382 pa t57292 l57298 ls1759">based </span><span class="pp-class-382 pa t57292 l57299 ls1080">on </span><span class="pp-class-382 pa t57292 l57300 ls1772">CIBOR </span><span class="pp-class-382 pa t57292 l57301 ls858">3M. </span><span class="pp-class-382 pa t57292 l57302 ls1080">In </span><span class="pp-class-382 pa t57292 l57303 ls1772">addition, </span><span class="pp-class-382 pa t57292 l57304 ls1323">DFDS </span><span class="pp-class-382 pa t57292 l57305 ls688">refinanced </span><span class="pp-class-382 pa t57306 l3 ls302">a </span><span class="pp-class-382 pa t57306 l57307 ls658">part </span><span class="pp-class-382 pa t57306 l57308 ls103">of </span><span class="pp-class-382 pa t57306 l57309 ls1099">the </span><span class="pp-class-382 pa t57306 l57310 ls8853">U.N. </span><span class="pp-class-382 pa t57306 l57311 ls134">Ro-Ro </span><span class="pp-class-382 pa t57306 l52522 ls1772">acquisition </span><span class="pp-class-382 pa t57306 l6265 ls1085">facility. </span><span class="pp-class-382 pa t57306 l43043 ls1099">The </span><span class="pp-class-382 pa t57306 l57312 ls1150">new </span><span class="pp-class-382 pa t57306 l57313 ls3105">facility </span><span class="pp-class-382 pa t57306 l57314 ls858">has </span><span class="pp-class-382 pa t57306 l57315 ls1101">maturity </span><span class="pp-class-382 pa t57306 l57316 ls103">of </span><span class="pp-class-382 pa t57306 l57317 ls302">3 </span><span class="pp-class-382 pa t57306 l57318 ls2142">years </span><span class="pp-class-382 pa t57306 l57319 ls858">and </span><span class="pp-class-382 pa t57306 l57320 ls1080">is </span><span class="pp-class-382 pa t57306 l57321 ls1759">based </span><span class="pp-class-382 pa t57306 l57322 ls1080">on </span><span class="pp-class-382 pa t57306 l57323 ls1772">CIBOR </span><span class="pp-class-382 pa t57306 l57324 ls1080">3M.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t57325 l3 ls1080">In </span><span class="pp-class-382 pa t57325 l43891 ls2854">2024, </span><span class="pp-class-382 pa t57325 l30607 ls1323">DFDS </span><span class="pp-class-382 pa t57325 l2020 ls1323">also </span><span class="pp-class-382 pa t57325 l44488 ls2486">issued </span><span class="pp-class-382 pa t57325 l57326 ls1150">two </span><span class="pp-class-382 pa t57325 l1502 ls3377">corporate </span><span class="pp-class-382 pa t57325 l57327 ls2486">bonds; </span><span class="pp-class-382 pa t57325 l57328 ls302">a </span><span class="pp-class-382 pa t57325 l57329 ls302">3 </span><span class="pp-class-382 pa t57325 l44383 ls960">year </span><span class="pp-class-382 pa t57325 l33283 ls1323">bond </span><span class="pp-class-382 pa t57325 l57330 ls1323">with </span><span class="pp-class-382 pa t57325 l50830 ls302">a </span><span class="pp-class-382 pa t57325 l57331 ls1237">nominal </span><span class="pp-class-382 pa t57325 l57332 ls1073">amount </span><span class="pp-class-382 pa t57325 l57333 ls103">of </span><span class="pp-class-382 pa t57325 l57334 ls1099">NOK </span><span class="pp-class-382 pa t57325 l57335 ls7855">750m, </span><span class="pp-class-382 pa t57325 l57336 ls1271">maturing </span><span class="pp-class-382 pa t57337 l3 ls1080">15 </span><span class="pp-class-382 pa t57337 l57338 ls2784">March </span><span class="pp-class-382 pa t57337 l57339 ls3474">2027 </span><span class="pp-class-382 pa t57337 l57340 ls1323">with </span><span class="pp-class-382 pa t57337 l21721 ls302">a </span><span class="pp-class-382 pa t57337 l16546 ls1101">floating </span><span class="pp-class-382 pa t57337 l57341 ls3216">rate </span><span class="pp-class-382 pa t57337 l57342 ls1759">based </span><span class="pp-class-382 pa t57337 l57343 ls1080">on </span><span class="pp-class-382 pa t57337 l57344 ls1772">NIBOR </span><span class="pp-class-382 pa t57337 l57345 ls1080">3M </span><span class="pp-class-382 pa t57337 l57346 ls302">+ </span><span class="pp-class-382 pa t57337 l57347 ls2149">1.85%, </span><span class="pp-class-382 pa t57337 l57348 ls1099">and </span><span class="pp-class-382 pa t57337 l57349 ls302">a </span><span class="pp-class-382 pa t57337 l53188 ls302">5 </span><span class="pp-class-382 pa t57337 l57350 ls960">year </span><span class="pp-class-382 pa t57337 l57351 ls1323">bond </span><span class="pp-class-382 pa t57337 l30017 ls1323">with </span><span class="pp-class-382 pa t57337 l57352 ls302">a </span><span class="pp-class-382 pa t57337 l57353 ls1237">nominal </span><span class="pp-class-382 pa t57337 l57354 ls1073">amount </span><span class="pp-class-382 pa t57337 l47553 ls134">of </span><span class="pp-class-382 pa t57355 l3 ls858">NOK </span><span class="pp-class-382 pa t57355 l57356 ls864">1,000m, </span><span class="pp-class-382 pa t57355 l48914 ls1101">maturing </span><span class="pp-class-382 pa t57355 l57357 ls1080">15 </span><span class="pp-class-382 pa t57355 l57358 ls2784">March </span><span class="pp-class-382 pa t57355 l57359 ls1323">2029 </span><span class="pp-class-382 pa t57355 l57360 ls1323">with </span><span class="pp-class-382 pa t57355 l57361 ls302">a </span><span class="pp-class-382 pa t57355 l57362 ls1101">floating </span><span class="pp-class-382 pa t57355 l57363 ls3216">rate </span><span class="pp-class-382 pa t57355 l57364 ls1759">based </span><span class="pp-class-382 pa t57355 l57365 ls1080">on </span><span class="pp-class-382 pa t57355 l57366 ls1772">NIBOR </span><span class="pp-class-382 pa t57355 l57367 ls1080">3M </span><span class="pp-class-382 pa t57355 l57368 ls302">+ </span><span class="pp-class-382 pa t57355 l57369 ls2486">2.15%. </span><span class="pp-class-382 pa t57355 l57370 ls806">Both </span><span class="pp-class-382 pa t57355 l57371 ls1759">bonds </span><span class="pp-class-382 pa t57355 l57372 ls800">are </span><span class="pp-class-382 pa t57355 l57373 ls58">listed </span><span class="pp-class-382 pa t57374 l3 ls1080">on </span><span class="pp-class-382 pa t57374 l50046 ls858">the </span><span class="pp-class-382 pa t57374 l57375 ls1323">Oslo </span><span class="pp-class-382 pa t57374 l57376 ls1118">Stock </span><span class="pp-class-382 pa t57374 l55356 ls8853">Exchange </span><span class="pp-class-382 pa t57374 l57377 ls858">and </span><span class="pp-class-382 pa t57374 l1203 ls185">have </span><span class="pp-class-382 pa t57374 l57378 ls1323">been </span><span class="pp-class-382 pa t57374 l57379 ls2787">swapped </span><span class="pp-class-382 pa t57374 l57380 ls1759">to </span><span class="pp-class-382 pa t57374 l57381 ls1955">DKK. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t57382 l3 ls1323">Bank </span><span class="pp-class-382 pa t57382 l57383 ls1759">loans </span><span class="pp-class-382 pa t57382 l54813 ls4275">contains </span><span class="pp-class-382 pa t57382 l57384 ls1759">customary </span><span class="pp-class-382 pa t57382 l57385 ls1316">covenants.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t57386 l3 ls858">The </span><span class="pp-class-382 pa t57386 l16631 ls3278">fair </span><span class="pp-class-382 pa t57386 l57387 ls1083">value </span><span class="pp-class-382 pa t57386 l57388 ls103">of </span><span class="pp-class-382 pa t57386 l57389 ls1099">the </span><span class="pp-class-382 pa t57386 l57390 ls2784">interest-bearing </span><span class="pp-class-382 pa t57386 l57391 ls1118">liabilities </span><span class="pp-class-382 pa t57386 l57392 ls1118">amounts </span><span class="pp-class-382 pa t57386 l57393 ls1759">to </span><span class="pp-class-382 pa t57386 l57394 ls1099">DKK </span><span class="pp-class-382 pa t57386 l57395 ls10753">18,750m </span><span class="pp-class-382 pa t57386 l57396 ls2486">(2023: </span><span class="pp-class-382 pa t57386 l57397 ls1099">DKK </span><span class="pp-class-382 pa t57386 l57398 ls2688">15,226m). </span><span class="pp-class-382 pa t57386 l49954 ls1099">The </span><span class="pp-class-382 pa t57386 l57399 ls3278">fair </span><span class="pp-class-382 pa t57386 l57400 ls5039">value </span><span class="pp-class-382 pa t57401 l3 ls960">measurement </span><span class="pp-class-382 pa t57401 l12936 ls1080">is </span><span class="pp-class-382 pa t57401 l57402 ls728">categorised </span><span class="pp-class-382 pa t57401 l57403 ls2486">within </span><span class="pp-class-382 pa t57401 l57404 ls646">level </span><span class="pp-class-382 pa t57401 l16365 ls302">2 </span><span class="pp-class-382 pa t57401 l57405 ls1080">in </span><span class="pp-class-382 pa t57401 l57406 ls858">the </span><span class="pp-class-382 pa t57401 l57407 ls3278">fair </span><span class="pp-class-382 pa t57401 l57408 ls1083">value </span><span class="pp-class-382 pa t57401 l57409 ls2459">hierarchy </span><span class="pp-class-382 pa t57401 l57410 ls1323">also </span><span class="pp-class-382 pa t57401 l57411 ls3278">for </span><span class="pp-class-382 pa t57401 l57412 ls2486">issued </span><span class="pp-class-382 pa t57401 l57413 ls3377">corporate </span><span class="pp-class-382 pa t57401 l48599 ls1759">bonds </span><span class="pp-class-382 pa t57401 l57414 ls3278">for </span><span class="pp-class-382 pa t57401 l57415 ls1080">which </span><span class="pp-class-382 pa t57416 l3 ls858">the </span><span class="pp-class-382 pa t57416 l43824 ls3278">fair </span><span class="pp-class-382 pa t57416 l57417 ls1083">value </span><span class="pp-class-382 pa t57416 l57418 ls960">measurement </span><span class="pp-class-382 pa t57416 l57419 ls1080">is </span><span class="pp-class-382 pa t57416 l57420 ls728">categorised </span><span class="pp-class-382 pa t57416 l53753 ls2486">within </span><span class="pp-class-382 pa t57416 l57421 ls646">level </span><span class="pp-class-382 pa t57416 l57422 ls302">2 </span><span class="pp-class-382 pa t57416 l57423 ls858">due </span><span class="pp-class-382 pa t57416 l57424 ls1759">to </span><span class="pp-class-382 pa t57416 l19220 ls806">limited </span><span class="pp-class-382 pa t57416 l55426 ls2149">active </span><span class="pp-class-382 pa t57416 l57425 ls5069">market.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t57426 l3 ls858">The </span><span class="pp-class-382 pa t57426 l16631 ls3278">fair </span><span class="pp-class-382 pa t57426 l57387 ls1083">value </span><span class="pp-class-382 pa t57426 l57388 ls103">of </span><span class="pp-class-382 pa t57426 l57389 ls1099">the </span><span class="pp-class-382 pa t57426 l57390 ls1073">financial </span><span class="pp-class-382 pa t57426 l40935 ls1118">liabilities </span><span class="pp-class-382 pa t57426 l57427 ls1080">is </span><span class="pp-class-382 pa t57426 l9337 ls2489">determined </span><span class="pp-class-382 pa t57426 l57428 ls1080">as </span><span class="pp-class-382 pa t57426 l57429 ls1099">the </span><span class="pp-class-382 pa t57426 l57430 ls852">present </span><span class="pp-class-382 pa t57426 l57431 ls1083">value </span><span class="pp-class-382 pa t57426 l57432 ls103">of </span><span class="pp-class-382 pa t57426 l57433 ls828">expected </span><span class="pp-class-382 pa t57426 l57434 ls1083">future </span><span class="pp-class-382 pa t57426 l57435 ls7694">repayments </span><span class="pp-class-382 pa t57426 l57436 ls302">and </span><span class="pp-class-382 pa t57437 l3 ls2784">interest </span><span class="pp-class-382 pa t57437 l52315 ls1864">rates. </span><span class="pp-class-382 pa t57437 l54673 ls858">The </span><span class="pp-class-382 pa t57437 l57438 ls1015">Group’s </span><span class="pp-class-382 pa t57437 l57439 ls728">actual </span><span class="pp-class-382 pa t57437 l57440 ls1463">borrowing </span><span class="pp-class-382 pa t57437 l57441 ls3216">rate </span><span class="pp-class-382 pa t57437 l57442 ls3278">for </span><span class="pp-class-382 pa t57437 l57443 ls728">equivalent </span><span class="pp-class-382 pa t57437 l57444 ls1118">terms </span><span class="pp-class-382 pa t57437 l57445 ls1080">is </span><span class="pp-class-382 pa t57437 l57446 ls1323">used </span><span class="pp-class-382 pa t57437 l57447 ls1080">as </span><span class="pp-class-382 pa t57437 l57448 ls858">the </span><span class="pp-class-382 pa t57437 l57449 ls830">discount </span><span class="pp-class-382 pa t57437 l57450 ls26">rate. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t57451 l3 ls1150">DKK </span><span class="pp-class-382 pa t57451 l57452 ls10900">2,340m </span><span class="pp-class-382 pa t57451 l57453 ls728">of </span><span class="pp-class-382 pa t57451 l57454 ls1150">the </span><span class="pp-class-382 pa t57451 l57455 ls3241">interest-bearing </span><span class="pp-class-382 pa t57451 l34110 ls3435">liabilities </span><span class="pp-class-382 pa t57451 l57456 ls650">fall </span><span class="pp-class-382 pa t57451 l57457 ls1150">due </span><span class="pp-class-382 pa t57451 l57458 ls1864">after </span><span class="pp-class-382 pa t57451 l57459 ls1535">five </span><span class="pp-class-382 pa t57451 l57460 ls2769">years </span><span class="pp-class-382 pa t57451 l48773 ls2531">(2023: </span><span class="pp-class-382 pa t57451 l57461 ls1150">DKK </span><span class="pp-class-382 pa t57451 l57462 ls57463">2,760m). </span><span class="pp-class-382 pa t57451 l57464 ls5039">No </span><span class="pp-class-382 pa t57451 l57465 ls800">unusual </span><span class="pp-class-382 pa t57451 l57466 ls828">conditions </span><span class="pp-class-382 pa t28226 l3 ls278">in </span><span class="pp-class-382 pa t28226 l57467 ls246">connection </span><span class="pp-class-382 pa t28226 l57468 ls16">with </span><span class="pp-class-382 pa t28226 l57469 ls884">the </span><span class="pp-class-382 pa t28226 l57470 ls2486">borrowings </span><span class="pp-class-382 pa t28226 l57471 ls3278">are </span><span class="pp-class-382 pa t28226 l57472 ls1309">made. </span><span class="pp-class-382 pa t28226 l57473 ls884">The </span><span class="pp-class-382 pa t28226 l57474 ls16">loan </span><span class="pp-class-382 pa t28226 l57475 ls1224">agreements </span><span class="pp-class-382 pa t28226 l57476 ls884">can </span><span class="pp-class-382 pa t28226 l57477 ls278">be </span><span class="pp-class-382 pa t28226 l53849 ls3572">settled </span><span class="pp-class-382 pa t28226 l57478 ls1073">at </span><span class="pp-class-382 pa t28226 l57479 ls34">fair </span><span class="pp-class-382 pa t28226 l57480 ls869">value </span><span class="pp-class-382 pa t28226 l57481 ls931">plus </span><span class="pp-class-382 pa t28226 l57482 ls76">a </span><span class="pp-class-382 pa t28226 l57483 ls278">small </span><span class="pp-class-382 pa t57484 l3 ls1321">surcharge, </span><span class="pp-class-382 pa t57484 l57485 ls56">whereas </span><span class="pp-class-382 pa t57484 l57486 ls6360">premature </span><span class="pp-class-382 pa t57484 l57487 ls1112">settlement </span><span class="pp-class-382 pa t57484 l57488 ls134">of </span><span class="pp-class-382 pa t57484 l57489 ls884">the </span><span class="pp-class-382 pa t57484 l57490 ls1319">corporate </span><span class="pp-class-382 pa t57484 l57491 ls39">bonds </span><span class="pp-class-382 pa t57484 l57492 ls3278">requires </span><span class="pp-class-382 pa t57484 l57493 ls76">a </span><span class="pp-class-382 pa t57484 l57494 ls1319">repurchase </span><span class="pp-class-382 pa t57484 l57495 ls134">of </span><span class="pp-class-382 pa t57484 l57496 ls884">the </span><span class="pp-class-382 pa t57484 l45973 ls265">bonds. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t57497 l3 ls2944">Reference </span><span class="pp-class-382 pa t57497 l11391 ls1080">is </span><span class="pp-class-382 pa t57497 l57498 ls1772">made </span><span class="pp-class-382 pa t57497 l57499 ls1759">to </span><span class="pp-class-382 pa t57497 l19034 ls1859">note </span><span class="pp-class-382 pa t57497 l32804 ls858">4.1 </span><span class="pp-class-382 pa t57497 l57500 ls3278">for </span><span class="pp-class-382 pa t57497 l57501 ls1073">financial </span><span class="pp-class-382 pa t57497 l55592 ls2142">risks, </span><span class="pp-class-382 pa t57497 l34305 ls2944">etc.</span></p></div></div><div id="pp-id-5254" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h57502 pa t2 l3 wtro4 xx20537 tro6 xx20538"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l3">DKK </span><span class="pp-class-372 pa t328 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t328 l56442">2023</span><span class="pp-class-389 pa t328 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t30329 l3 ls704">Allocation </span><span class="pp-class-372 pa t30329 l57503 ls287">of </span><span class="pp-class-372 pa t30329 l50034 ls3105">currency, </span><span class="pp-class-372 pa t30329 l57504">principal </span><span class="pp-class-372 pa t30329 l57505">nominal </span><span class="pp-class-372 pa t30329 l57506 ls907">amount:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48618 l3">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48618 l57507 ls20786">7,069</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48618 l42557 ls2138">3,566</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48622 l3">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48622 l57508 ls3387">7,262</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48622 l57509 ls103">8,195</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48625 l3">NOK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48625 l57510">2,136</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48625 l46714">1,294</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52944 l3">GBP </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52944 l57511 ls81">1,149</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52944 l57512">1,194</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52946 l3">USD</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52946 l57513">634</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52946 l57514">668</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52949 l3">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52949 l57515">411</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52949 l57271">284</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57516 l3">Other</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57516 l57517">71</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57516 l47095">28</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57518 l3 ls2459">Total </span><span class="pp-class-373 pa t57518 l29712 ls316">interest-bearing </span><span class="pp-class-373 pa t57518 l57263">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57518 l57279 ls17717">18,733</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57518 l57280 ls274">15,229</span></p></td></tr></table><div id="pp-id-5253"><div class="pp-class-363 pp-class-395" id="pp-id-5252"><div class="w37231 h57519 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls2784">Interest-bearing </span><span class="pp-class-382 pa t29793 l57520 ls1118">liabilities </span><span class="pp-class-382 pa t29793 l57521 ls2694">comprise </span><span class="pp-class-382 pa t29793 l57522 ls1118">amounts </span><span class="pp-class-382 pa t29793 l42965 ls2671">owed </span><span class="pp-class-382 pa t29793 l57523 ls1759">to </span><span class="pp-class-382 pa t29793 l57524 ls715">mortgage/credit </span><span class="pp-class-382 pa t29793 l57525 ls830">institutions </span><span class="pp-class-382 pa t29793 l57526 ls858">and </span><span class="pp-class-382 pa t29793 l57527 ls2970">banks </span><span class="pp-class-382 pa t29793 l57528 ls1080">as </span><span class="pp-class-382 pa t29793 l57529 ls3474">well </span><span class="pp-class-382 pa t29798 l3 ls1080">as </span><span class="pp-class-382 pa t29798 l34384 ls1118">amounts </span><span class="pp-class-382 pa t29798 l57530 ls2671">owed </span><span class="pp-class-382 pa t29798 l7441 ls1759">to </span><span class="pp-class-382 pa t29798 l16158 ls2889">owners </span><span class="pp-class-382 pa t29798 l57531 ls103">of </span><span class="pp-class-382 pa t29798 l57532 ls2486">issued </span><span class="pp-class-382 pa t29798 l57533 ls3377">corporate </span><span class="pp-class-382 pa t29798 l57328 ls1759">bonds </span><span class="pp-class-382 pa t29798 l57534 ls3474">including </span><span class="pp-class-382 pa t29798 l57535 ls1118">liabilities </span><span class="pp-class-382 pa t29798 l57536 ls1237">arising </span><span class="pp-class-382 pa t29798 l57537 ls1243">from </span><span class="pp-class-382 pa t29798 l29998 ls2944">derivatives </span><span class="pp-class-382 pa t36806 l3 ls2531">relating </span><span class="pp-class-382 pa t36806 l57538 ls1759">to </span><span class="pp-class-382 pa t36806 l57539 ls2486">issued </span><span class="pp-class-382 pa t36806 l57540 ls3377">corporate </span><span class="pp-class-382 pa t36806 l57541 ls2486">bonds. </span><span class="pp-class-382 pa t36806 l57542 ls1099">The </span><span class="pp-class-382 pa t36806 l57543 ls1118">amounts </span><span class="pp-class-382 pa t36806 l57544 ls800">are </span><span class="pp-class-382 pa t36806 l57545 ls1974">initially </span><span class="pp-class-382 pa t36806 l57546 ls2970">recognised </span><span class="pp-class-382 pa t36806 l54637 ls1083">at </span><span class="pp-class-382 pa t36806 l57547 ls3278">fair </span><span class="pp-class-382 pa t36806 l57548 ls1083">value </span><span class="pp-class-382 pa t36806 l57549 ls830">net </span><span class="pp-class-382 pa t36806 l57550 ls134">of </span><span class="pp-class-382 pa t29811 l3 ls2944">transaction </span><span class="pp-class-382 pa t29811 l57551 ls960">expenses. </span><span class="pp-class-382 pa t29811 l57552 ls6791">Subsequently, </span><span class="pp-class-382 pa t29811 l57553 ls1099">the </span><span class="pp-class-382 pa t29811 l57554 ls1073">financial </span><span class="pp-class-382 pa t29811 l57555 ls1073">liability </span><span class="pp-class-382 pa t29811 l49425 ls1080">is </span><span class="pp-class-382 pa t29811 l57556 ls8853">measured </span><span class="pp-class-382 pa t29811 l57557 ls1083">at </span><span class="pp-class-382 pa t29811 l57558 ls1257">amortised </span><span class="pp-class-382 pa t29811 l57559 ls1252">cost, </span><span class="pp-class-382 pa t29824 l3 ls2889">corresponding </span><span class="pp-class-382 pa t29824 l38017 ls1759">to </span><span class="pp-class-382 pa t29824 l56753 ls858">the </span><span class="pp-class-382 pa t29824 l57560 ls3474">capitalised </span><span class="pp-class-382 pa t29824 l57561 ls1083">value </span><span class="pp-class-382 pa t29824 l57562 ls1759">using </span><span class="pp-class-382 pa t29824 l57563 ls858">the </span><span class="pp-class-382 pa t29824 l57564 ls2784">effective </span><span class="pp-class-382 pa t29824 l44428 ls2784">interest </span><span class="pp-class-382 pa t29824 l57565 ls3474">method, </span><span class="pp-class-382 pa t29824 l57566 ls1080">so </span><span class="pp-class-382 pa t29824 l57567 ls6360">that </span><span class="pp-class-382 pa t29824 l57568 ls858">the </span><span class="pp-class-382 pa t29824 l57569 ls5069">difference </span><span class="pp-class-382 pa t29836 l3 ls1244">between </span><span class="pp-class-382 pa t29836 l29382 ls858">the </span><span class="pp-class-382 pa t29836 l57570 ls8853">proceeds </span><span class="pp-class-382 pa t29836 l57571 ls858">and </span><span class="pp-class-382 pa t29836 l14544 ls858">the </span><span class="pp-class-382 pa t29836 l57572 ls1237">nominal </span><span class="pp-class-382 pa t29836 l57573 ls1083">value </span><span class="pp-class-382 pa t29836 l50994 ls1080">is </span><span class="pp-class-382 pa t29836 l51702 ls2970">recognised </span><span class="pp-class-382 pa t29836 l57574 ls1080">in </span><span class="pp-class-382 pa t29836 l57575 ls1099">the </span><span class="pp-class-382 pa t29836 l57576 ls2486">income </span><span class="pp-class-382 pa t29836 l57577 ls1150">statement </span><span class="pp-class-382 pa t29836 l57578 ls1759">under </span><span class="pp-class-382 pa t29836 l57579 ls1323">financial </span><span class="pp-class-382 pa t29849 l3 ls1759">costs </span><span class="pp-class-382 pa t29849 l34282 ls2671">over </span><span class="pp-class-382 pa t29849 l57580 ls858">the </span><span class="pp-class-382 pa t29849 l57581 ls1073">term </span><span class="pp-class-382 pa t29849 l57582 ls103">of </span><span class="pp-class-382 pa t29849 l30928 ls858">the </span><span class="pp-class-382 pa t29849 l57583 ls1080">loan. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29866 l3 ls2784">Interest-bearing </span><span class="pp-class-382 pa t29866 l57520 ls1118">liabilities </span><span class="pp-class-382 pa t29866 l57521 ls1323">also </span><span class="pp-class-382 pa t29866 l55572 ls296">include </span><span class="pp-class-382 pa t29866 l57584 ls3474">capitalised </span><span class="pp-class-382 pa t29866 l57585 ls8853">residual </span><span class="pp-class-382 pa t29866 l57586 ls1759">lease </span><span class="pp-class-382 pa t29866 l57587 ls688">obligations </span><span class="pp-class-382 pa t29866 l57588 ls1080">on </span><span class="pp-class-382 pa t29866 l45048 ls1237">leases. </span><span class="pp-class-382 pa t29866 l43943 ls1080">Other </span><span class="pp-class-382 pa t36841 l3 ls1118">liabilities </span><span class="pp-class-382 pa t36841 l44406 ls800">are </span><span class="pp-class-382 pa t36841 l57589 ls2970">recognised </span><span class="pp-class-382 pa t36841 l46607 ls1083">at </span><span class="pp-class-382 pa t36841 l57590 ls1257">amortised </span><span class="pp-class-382 pa t36841 l53673 ls1110">cost, </span><span class="pp-class-382 pa t36841 l57591 ls1759">which </span><span class="pp-class-382 pa t36841 l57592 ls2142">corresponds </span><span class="pp-class-382 pa t36841 l57593 ls1759">to </span><span class="pp-class-382 pa t36841 l57594 ls1099">the </span><span class="pp-class-382 pa t36841 l57595 ls830">net </span><span class="pp-class-382 pa t36841 l57596 ls2970">realisable </span><span class="pp-class-382 pa t36841 l57597 ls1083">value </span><span class="pp-class-382 pa t36841 l57598 ls1080">in </span><span class="pp-class-382 pa t36841 l57599 ls302">all </span><span class="pp-class-382 pa t29875 l3 ls2142">material </span><span class="pp-class-382 pa t29875 l57600 ls3623">respects.</span></p></div></div></div></div></div><div id="pp-id-5121" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p></div></div> <table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3">Bank </span><span class="pp-class-372 pa t42308 l55868">loans </span><span class="pp-class-372 pa t42308 l55869">and </span><span class="pp-class-372 pa t42308 l55870 ls2329">mortgage </span><span class="pp-class-372 pa t42308 l15524">on </span><span class="pp-class-372 pa t42308 l55871 ls704">ferries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l57256 ls712">9,894</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l57257 ls57258">7,724</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l3">Issued </span><span class="pp-class-372 pa t42312 l46451 ls68">corporate </span><span class="pp-class-372 pa t42312 l55878">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l57259 ls128">2,110</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l57260">992</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l3">Lease </span><span class="pp-class-372 pa t42313 l50415">liability</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l50427 ls103">4,846</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l50428 ls103">4,886</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l3">Other </span><span class="pp-class-372 pa t57261 l8525 ls171">non-current </span><span class="pp-class-372 pa t57261 l42613">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l57262">263</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t23844 l3 ls2459">Total </span><span class="pp-class-373 pa t23844 l29712 ls316">interest-bearing </span><span class="pp-class-373 pa t23844 l57263 ls193">non-current </span><span class="pp-class-373 pa t23844 l57264">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t23844 l57265 ls9996">17,113</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t23844 l57266 ls53">13,602</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57267 l3">Bank </span><span class="pp-class-372 pa t57267 l55868">loans </span><span class="pp-class-372 pa t57267 l55869">and </span><span class="pp-class-372 pa t57267 l55870 ls2329">mortgage </span><span class="pp-class-372 pa t57267 l15524">on </span><span class="pp-class-372 pa t57267 l55871 ls704">ferries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57267 l57268">551</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57267 l57269 ls278">416</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57270 l3">Issued </span><span class="pp-class-372 pa t57270 l46451 ls68">corporate </span><span class="pp-class-372 pa t57270 l55878">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57270 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57270 l57271">265</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57272 l3">Lease </span><span class="pp-class-372 pa t57272 l50415">liability</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57272 l50430 ls688">1,027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57272 l50431">946</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57273 l3">Other </span><span class="pp-class-372 pa t57273 l8525 ls171">non-current </span><span class="pp-class-372 pa t57273 l42613">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57273 l57274">44</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57273 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57275 l3 ls2459">Total </span><span class="pp-class-373 pa t57275 l29712 ls316">interest-bearing </span><span class="pp-class-373 pa t57275 l57263 ls128">current </span><span class="pp-class-373 pa t57275 l57276">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57275 l55253 ls99">1,621</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57275 l57277 ls276">1,627</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57278 l3 ls2459">Total </span><span class="pp-class-373 pa t57278 l29712 ls316">interest-bearing </span><span class="pp-class-373 pa t57278 l57263">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57278 l57279 ls17717">18,733</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57278 l57280 ls274">15,229</span></p></td></tr></table> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls2784">Interest-bearing </span><span class="pp-class-382 pa t29793 l57520 ls1118">liabilities </span><span class="pp-class-382 pa t29793 l57521 ls2694">comprise </span><span class="pp-class-382 pa t29793 l57522 ls1118">amounts </span><span class="pp-class-382 pa t29793 l42965 ls2671">owed </span><span class="pp-class-382 pa t29793 l57523 ls1759">to </span><span class="pp-class-382 pa t29793 l57524 ls715">mortgage/credit </span><span class="pp-class-382 pa t29793 l57525 ls830">institutions </span><span class="pp-class-382 pa t29793 l57526 ls858">and </span><span class="pp-class-382 pa t29793 l57527 ls2970">banks </span><span class="pp-class-382 pa t29793 l57528 ls1080">as </span><span class="pp-class-382 pa t29793 l57529 ls3474">well </span><span class="pp-class-382 pa t29798 l3 ls1080">as </span><span class="pp-class-382 pa t29798 l34384 ls1118">amounts </span><span class="pp-class-382 pa t29798 l57530 ls2671">owed </span><span class="pp-class-382 pa t29798 l7441 ls1759">to </span><span class="pp-class-382 pa t29798 l16158 ls2889">owners </span><span class="pp-class-382 pa t29798 l57531 ls103">of </span><span class="pp-class-382 pa t29798 l57532 ls2486">issued </span><span class="pp-class-382 pa t29798 l57533 ls3377">corporate </span><span class="pp-class-382 pa t29798 l57328 ls1759">bonds </span><span class="pp-class-382 pa t29798 l57534 ls3474">including </span><span class="pp-class-382 pa t29798 l57535 ls1118">liabilities </span><span class="pp-class-382 pa t29798 l57536 ls1237">arising </span><span class="pp-class-382 pa t29798 l57537 ls1243">from </span><span class="pp-class-382 pa t29798 l29998 ls2944">derivatives </span><span class="pp-class-382 pa t36806 l3 ls2531">relating </span><span class="pp-class-382 pa t36806 l57538 ls1759">to </span><span class="pp-class-382 pa t36806 l57539 ls2486">issued </span><span class="pp-class-382 pa t36806 l57540 ls3377">corporate </span><span class="pp-class-382 pa t36806 l57541 ls2486">bonds. </span><span class="pp-class-382 pa t36806 l57542 ls1099">The </span><span class="pp-class-382 pa t36806 l57543 ls1118">amounts </span><span class="pp-class-382 pa t36806 l57544 ls800">are </span><span class="pp-class-382 pa t36806 l57545 ls1974">initially </span><span class="pp-class-382 pa t36806 l57546 ls2970">recognised </span><span class="pp-class-382 pa t36806 l54637 ls1083">at </span><span class="pp-class-382 pa t36806 l57547 ls3278">fair </span><span class="pp-class-382 pa t36806 l57548 ls1083">value </span><span class="pp-class-382 pa t36806 l57549 ls830">net </span><span class="pp-class-382 pa t36806 l57550 ls134">of </span><span class="pp-class-382 pa t29811 l3 ls2944">transaction </span><span class="pp-class-382 pa t29811 l57551 ls960">expenses. </span><span class="pp-class-382 pa t29811 l57552 ls6791">Subsequently, </span><span class="pp-class-382 pa t29811 l57553 ls1099">the </span><span class="pp-class-382 pa t29811 l57554 ls1073">financial </span><span class="pp-class-382 pa t29811 l57555 ls1073">liability </span><span class="pp-class-382 pa t29811 l49425 ls1080">is </span><span class="pp-class-382 pa t29811 l57556 ls8853">measured </span><span class="pp-class-382 pa t29811 l57557 ls1083">at </span><span class="pp-class-382 pa t29811 l57558 ls1257">amortised </span><span class="pp-class-382 pa t29811 l57559 ls1252">cost, </span><span class="pp-class-382 pa t29824 l3 ls2889">corresponding </span><span class="pp-class-382 pa t29824 l38017 ls1759">to </span><span class="pp-class-382 pa t29824 l56753 ls858">the </span><span class="pp-class-382 pa t29824 l57560 ls3474">capitalised </span><span class="pp-class-382 pa t29824 l57561 ls1083">value </span><span class="pp-class-382 pa t29824 l57562 ls1759">using </span><span class="pp-class-382 pa t29824 l57563 ls858">the </span><span class="pp-class-382 pa t29824 l57564 ls2784">effective </span><span class="pp-class-382 pa t29824 l44428 ls2784">interest </span><span class="pp-class-382 pa t29824 l57565 ls3474">method, </span><span class="pp-class-382 pa t29824 l57566 ls1080">so </span><span class="pp-class-382 pa t29824 l57567 ls6360">that </span><span class="pp-class-382 pa t29824 l57568 ls858">the </span><span class="pp-class-382 pa t29824 l57569 ls5069">difference </span><span class="pp-class-382 pa t29836 l3 ls1244">between </span><span class="pp-class-382 pa t29836 l29382 ls858">the </span><span class="pp-class-382 pa t29836 l57570 ls8853">proceeds </span><span class="pp-class-382 pa t29836 l57571 ls858">and </span><span class="pp-class-382 pa t29836 l14544 ls858">the </span><span class="pp-class-382 pa t29836 l57572 ls1237">nominal </span><span class="pp-class-382 pa t29836 l57573 ls1083">value </span><span class="pp-class-382 pa t29836 l50994 ls1080">is </span><span class="pp-class-382 pa t29836 l51702 ls2970">recognised </span><span class="pp-class-382 pa t29836 l57574 ls1080">in </span><span class="pp-class-382 pa t29836 l57575 ls1099">the </span><span class="pp-class-382 pa t29836 l57576 ls2486">income </span><span class="pp-class-382 pa t29836 l57577 ls1150">statement </span><span class="pp-class-382 pa t29836 l57578 ls1759">under </span><span class="pp-class-382 pa t29836 l57579 ls1323">financial </span><span class="pp-class-382 pa t29849 l3 ls1759">costs </span><span class="pp-class-382 pa t29849 l34282 ls2671">over </span><span class="pp-class-382 pa t29849 l57580 ls858">the </span><span class="pp-class-382 pa t29849 l57581 ls1073">term </span><span class="pp-class-382 pa t29849 l57582 ls103">of </span><span class="pp-class-382 pa t29849 l30928 ls858">the </span><span class="pp-class-382 pa t29849 l57583 ls1080">loan. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29866 l3 ls2784">Interest-bearing </span><span class="pp-class-382 pa t29866 l57520 ls1118">liabilities </span><span class="pp-class-382 pa t29866 l57521 ls1323">also </span><span class="pp-class-382 pa t29866 l55572 ls296">include </span><span class="pp-class-382 pa t29866 l57584 ls3474">capitalised </span><span class="pp-class-382 pa t29866 l57585 ls8853">residual </span><span class="pp-class-382 pa t29866 l57586 ls1759">lease </span><span class="pp-class-382 pa t29866 l57587 ls688">obligations </span><span class="pp-class-382 pa t29866 l57588 ls1080">on </span><span class="pp-class-382 pa t29866 l45048 ls1237">leases. </span><span class="pp-class-382 pa t29866 l43943 ls1080">Other </span><span class="pp-class-382 pa t36841 l3 ls1118">liabilities </span><span class="pp-class-382 pa t36841 l44406 ls800">are </span><span class="pp-class-382 pa t36841 l57589 ls2970">recognised </span><span class="pp-class-382 pa t36841 l46607 ls1083">at </span><span class="pp-class-382 pa t36841 l57590 ls1257">amortised </span><span class="pp-class-382 pa t36841 l53673 ls1110">cost, </span><span class="pp-class-382 pa t36841 l57591 ls1759">which </span><span class="pp-class-382 pa t36841 l57592 ls2142">corresponds </span><span class="pp-class-382 pa t36841 l57593 ls1759">to </span><span class="pp-class-382 pa t36841 l57594 ls1099">the </span><span class="pp-class-382 pa t36841 l57595 ls830">net </span><span class="pp-class-382 pa t36841 l57596 ls2970">realisable </span><span class="pp-class-382 pa t36841 l57597 ls1083">value </span><span class="pp-class-382 pa t36841 l57598 ls1080">in </span><span class="pp-class-382 pa t36841 l57599 ls302">all </span><span class="pp-class-382 pa t29875 l3 ls2142">material </span><span class="pp-class-382 pa t29875 l57600 ls3623">respects.</span></p> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29793 l3 ls2784">Interest-bearing </span><span class="pp-class-382 pa t29793 l57520 ls1118">liabilities </span><span class="pp-class-382 pa t29793 l57521 ls2694">comprise </span><span class="pp-class-382 pa t29793 l57522 ls1118">amounts </span><span class="pp-class-382 pa t29793 l42965 ls2671">owed </span><span class="pp-class-382 pa t29793 l57523 ls1759">to </span><span class="pp-class-382 pa t29793 l57524 ls715">mortgage/credit </span><span class="pp-class-382 pa t29793 l57525 ls830">institutions </span><span class="pp-class-382 pa t29793 l57526 ls858">and </span><span class="pp-class-382 pa t29793 l57527 ls2970">banks </span><span class="pp-class-382 pa t29793 l57528 ls1080">as </span><span class="pp-class-382 pa t29793 l57529 ls3474">well </span><span class="pp-class-382 pa t29798 l3 ls1080">as </span><span class="pp-class-382 pa t29798 l34384 ls1118">amounts </span><span class="pp-class-382 pa t29798 l57530 ls2671">owed </span><span class="pp-class-382 pa t29798 l7441 ls1759">to </span><span class="pp-class-382 pa t29798 l16158 ls2889">owners </span><span class="pp-class-382 pa t29798 l57531 ls103">of </span><span class="pp-class-382 pa t29798 l57532 ls2486">issued </span><span class="pp-class-382 pa t29798 l57533 ls3377">corporate </span><span class="pp-class-382 pa t29798 l57328 ls1759">bonds </span><span class="pp-class-382 pa t29798 l57534 ls3474">including </span><span class="pp-class-382 pa t29798 l57535 ls1118">liabilities </span><span class="pp-class-382 pa t29798 l57536 ls1237">arising </span><span class="pp-class-382 pa t29798 l57537 ls1243">from </span><span class="pp-class-382 pa t29798 l29998 ls2944">derivatives </span><span class="pp-class-382 pa t36806 l3 ls2531">relating </span><span class="pp-class-382 pa t36806 l57538 ls1759">to </span><span class="pp-class-382 pa t36806 l57539 ls2486">issued </span><span class="pp-class-382 pa t36806 l57540 ls3377">corporate </span><span class="pp-class-382 pa t36806 l57541 ls2486">bonds. </span><span class="pp-class-382 pa t36806 l57542 ls1099">The </span><span class="pp-class-382 pa t36806 l57543 ls1118">amounts </span><span class="pp-class-382 pa t36806 l57544 ls800">are </span><span class="pp-class-382 pa t36806 l57545 ls1974">initially </span><span class="pp-class-382 pa t36806 l57546 ls2970">recognised </span><span class="pp-class-382 pa t36806 l54637 ls1083">at </span><span class="pp-class-382 pa t36806 l57547 ls3278">fair </span><span class="pp-class-382 pa t36806 l57548 ls1083">value </span><span class="pp-class-382 pa t36806 l57549 ls830">net </span><span class="pp-class-382 pa t36806 l57550 ls134">of </span><span class="pp-class-382 pa t29811 l3 ls2944">transaction </span><span class="pp-class-382 pa t29811 l57551 ls960">expenses. </span><span class="pp-class-382 pa t29811 l57552 ls6791">Subsequently, </span><span class="pp-class-382 pa t29811 l57553 ls1099">the </span><span class="pp-class-382 pa t29811 l57554 ls1073">financial </span><span class="pp-class-382 pa t29811 l57555 ls1073">liability </span><span class="pp-class-382 pa t29811 l49425 ls1080">is </span><span class="pp-class-382 pa t29811 l57556 ls8853">measured </span><span class="pp-class-382 pa t29811 l57557 ls1083">at </span><span class="pp-class-382 pa t29811 l57558 ls1257">amortised </span><span class="pp-class-382 pa t29811 l57559 ls1252">cost, </span><span class="pp-class-382 pa t29824 l3 ls2889">corresponding </span><span class="pp-class-382 pa t29824 l38017 ls1759">to </span><span class="pp-class-382 pa t29824 l56753 ls858">the </span><span class="pp-class-382 pa t29824 l57560 ls3474">capitalised </span><span class="pp-class-382 pa t29824 l57561 ls1083">value </span><span class="pp-class-382 pa t29824 l57562 ls1759">using </span><span class="pp-class-382 pa t29824 l57563 ls858">the </span><span class="pp-class-382 pa t29824 l57564 ls2784">effective </span><span class="pp-class-382 pa t29824 l44428 ls2784">interest </span><span class="pp-class-382 pa t29824 l57565 ls3474">method, </span><span class="pp-class-382 pa t29824 l57566 ls1080">so </span><span class="pp-class-382 pa t29824 l57567 ls6360">that </span><span class="pp-class-382 pa t29824 l57568 ls858">the </span><span class="pp-class-382 pa t29824 l57569 ls5069">difference </span><span class="pp-class-382 pa t29836 l3 ls1244">between </span><span class="pp-class-382 pa t29836 l29382 ls858">the </span><span class="pp-class-382 pa t29836 l57570 ls8853">proceeds </span><span class="pp-class-382 pa t29836 l57571 ls858">and </span><span class="pp-class-382 pa t29836 l14544 ls858">the </span><span class="pp-class-382 pa t29836 l57572 ls1237">nominal </span><span class="pp-class-382 pa t29836 l57573 ls1083">value </span><span class="pp-class-382 pa t29836 l50994 ls1080">is </span><span class="pp-class-382 pa t29836 l51702 ls2970">recognised </span><span class="pp-class-382 pa t29836 l57574 ls1080">in </span><span class="pp-class-382 pa t29836 l57575 ls1099">the </span><span class="pp-class-382 pa t29836 l57576 ls2486">income </span><span class="pp-class-382 pa t29836 l57577 ls1150">statement </span><span class="pp-class-382 pa t29836 l57578 ls1759">under </span><span class="pp-class-382 pa t29836 l57579 ls1323">financial </span><span class="pp-class-382 pa t29849 l3 ls1759">costs </span><span class="pp-class-382 pa t29849 l34282 ls2671">over </span><span class="pp-class-382 pa t29849 l57580 ls858">the </span><span class="pp-class-382 pa t29849 l57581 ls1073">term </span><span class="pp-class-382 pa t29849 l57582 ls103">of </span><span class="pp-class-382 pa t29849 l30928 ls858">the </span><span class="pp-class-382 pa t29849 l57583 ls1080">loan. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t29866 l3 ls2784">Interest-bearing </span><span class="pp-class-382 pa t29866 l57520 ls1118">liabilities </span><span class="pp-class-382 pa t29866 l57521 ls1323">also </span><span class="pp-class-382 pa t29866 l55572 ls296">include </span><span class="pp-class-382 pa t29866 l57584 ls3474">capitalised </span><span class="pp-class-382 pa t29866 l57585 ls8853">residual </span><span class="pp-class-382 pa t29866 l57586 ls1759">lease </span><span class="pp-class-382 pa t29866 l57587 ls688">obligations </span><span class="pp-class-382 pa t29866 l57588 ls1080">on </span><span class="pp-class-382 pa t29866 l45048 ls1237">leases. </span><span class="pp-class-382 pa t29866 l43943 ls1080">Other </span><span class="pp-class-382 pa t36841 l3 ls1118">liabilities </span><span class="pp-class-382 pa t36841 l44406 ls800">are </span><span class="pp-class-382 pa t36841 l57589 ls2970">recognised </span><span class="pp-class-382 pa t36841 l46607 ls1083">at </span><span class="pp-class-382 pa t36841 l57590 ls1257">amortised </span><span class="pp-class-382 pa t36841 l53673 ls1110">cost, </span><span class="pp-class-382 pa t36841 l57591 ls1759">which </span><span class="pp-class-382 pa t36841 l57592 ls2142">corresponds </span><span class="pp-class-382 pa t36841 l57593 ls1759">to </span><span class="pp-class-382 pa t36841 l57594 ls1099">the </span><span class="pp-class-382 pa t36841 l57595 ls830">net </span><span class="pp-class-382 pa t36841 l57596 ls2970">realisable </span><span class="pp-class-382 pa t36841 l57597 ls1083">value </span><span class="pp-class-382 pa t36841 l57598 ls1080">in </span><span class="pp-class-382 pa t36841 l57599 ls302">all </span><span class="pp-class-382 pa t29875 l3 ls2142">material </span><span class="pp-class-382 pa t29875 l57600 ls3623">respects.</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30083 l3 ls2694">Dividends</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30087 l3 ls8853">Proposed </span><span class="pp-class-382 pa t30087 l57603 ls1073">dividends </span><span class="pp-class-382 pa t30087 l57604 ls800">are </span><span class="pp-class-382 pa t30087 l57605 ls2970">recognised </span><span class="pp-class-382 pa t30087 l57606 ls1080">as </span><span class="pp-class-382 pa t30087 l57607 ls1118">liabilities </span><span class="pp-class-382 pa t30087 l56975 ls1083">at </span><span class="pp-class-382 pa t30087 l47588 ls858">the </span><span class="pp-class-382 pa t30087 l57608 ls852">date </span><span class="pp-class-382 pa t30087 l57609 ls1080">on </span><span class="pp-class-382 pa t30087 l57610 ls1759">which </span><span class="pp-class-382 pa t30087 l57611 ls960">they </span><span class="pp-class-382 pa t30087 l57612 ls800">are </span><span class="pp-class-382 pa t30087 l57613 ls2970">adopted </span><span class="pp-class-382 pa t30087 l57614 ls1083">at </span><span class="pp-class-382 pa t30087 l57615 ls1099">the </span><span class="pp-class-382 pa t30087 l57616 ls1110">Annual </span><span class="pp-class-382 pa t30093 l3 ls1150">General </span><span class="pp-class-382 pa t30093 l43759 ls3474">Meeting </span><span class="pp-class-382 pa t30093 l19163 ls1759">(time </span><span class="pp-class-382 pa t30093 l57617 ls103">of </span><span class="pp-class-382 pa t30093 l57618 ls3623">declaration).</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30105 l3 ls2842">Reserve </span><span class="pp-class-383 pa t30105 l57619 ls1077">for </span><span class="pp-class-383 pa t30105 l57620 ls830">treasury </span><span class="pp-class-383 pa t30105 l57621 ls2842">shares</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30110 l3 ls858">The </span><span class="pp-class-382 pa t30110 l16631 ls2944">reserve </span><span class="pp-class-382 pa t30110 l57622 ls1073">comprises </span><span class="pp-class-382 pa t30110 l22208 ls858">the </span><span class="pp-class-382 pa t30110 l57623 ls1237">nominal </span><span class="pp-class-382 pa t30110 l57624 ls1083">value </span><span class="pp-class-382 pa t30110 l57625 ls103">of </span><span class="pp-class-382 pa t30110 l57626 ls2842">treasury </span><span class="pp-class-382 pa t30110 l54817 ls1150">shares. </span><span class="pp-class-382 pa t30110 l48074 ls1099">The </span><span class="pp-class-382 pa t30110 l57627 ls1974">difference </span><span class="pp-class-382 pa t30110 l57628 ls1244">between </span><span class="pp-class-382 pa t30110 l57629 ls1099">the </span><span class="pp-class-382 pa t30110 l57630 ls3623">market </span><span class="pp-class-382 pa t30110 l57631 ls1080">price </span><span class="pp-class-382 pa t37915 l3 ls1323">paid </span><span class="pp-class-382 pa t37915 l42578 ls1099">and </span><span class="pp-class-382 pa t37915 l42367 ls858">the </span><span class="pp-class-382 pa t37915 l57632 ls1237">nominal </span><span class="pp-class-382 pa t37915 l57633 ls1083">value </span><span class="pp-class-382 pa t37915 l36661 ls1080">as </span><span class="pp-class-382 pa t37915 l4316 ls960">well </span><span class="pp-class-382 pa t37915 l57634 ls1080">as </span><span class="pp-class-382 pa t37915 l7656 ls1073">dividends </span><span class="pp-class-382 pa t37915 l56697 ls1080">on </span><span class="pp-class-382 pa t37915 l57635 ls2842">treasury </span><span class="pp-class-382 pa t37915 l57636 ls1083">shares </span><span class="pp-class-382 pa t37915 l57637 ls800">are </span><span class="pp-class-382 pa t37915 l57638 ls2970">recognised </span><span class="pp-class-382 pa t37915 l57639 ls2143">directly </span><span class="pp-class-382 pa t37915 l57640 ls1080">in </span><span class="pp-class-382 pa t37915 l57641 ls1110">equity </span><span class="pp-class-382 pa t37930 l3 ls1759">under </span><span class="pp-class-382 pa t37930 l57642 ls828">retained </span><span class="pp-class-382 pa t37930 l49897 ls1073">earnings. </span><span class="pp-class-382 pa t37930 l57643 ls858">The </span><span class="pp-class-382 pa t37930 l57644 ls2944">reserve </span><span class="pp-class-382 pa t37930 l57645 ls1080">is </span><span class="pp-class-382 pa t37930 l57646 ls302">a </span><span class="pp-class-382 pa t37930 l57647 ls3474">distributable </span><span class="pp-class-382 pa t37930 l57648 ls1083">reserve. </span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30105 l3 ls2842">Reserve </span><span class="pp-class-383 pa t30105 l57619 ls1077">for </span><span class="pp-class-383 pa t30105 l57620 ls830">treasury </span><span class="pp-class-383 pa t30105 l57621 ls2842">shares</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30110 l3 ls858">The </span><span class="pp-class-382 pa t30110 l16631 ls2944">reserve </span><span class="pp-class-382 pa t30110 l57622 ls1073">comprises </span><span class="pp-class-382 pa t30110 l22208 ls858">the </span><span class="pp-class-382 pa t30110 l57623 ls1237">nominal </span><span class="pp-class-382 pa t30110 l57624 ls1083">value </span><span class="pp-class-382 pa t30110 l57625 ls103">of </span><span class="pp-class-382 pa t30110 l57626 ls2842">treasury </span><span class="pp-class-382 pa t30110 l54817 ls1150">shares. </span><span class="pp-class-382 pa t30110 l48074 ls1099">The </span><span class="pp-class-382 pa t30110 l57627 ls1974">difference </span><span class="pp-class-382 pa t30110 l57628 ls1244">between </span><span class="pp-class-382 pa t30110 l57629 ls1099">the </span><span class="pp-class-382 pa t30110 l57630 ls3623">market </span><span class="pp-class-382 pa t30110 l57631 ls1080">price </span><span class="pp-class-382 pa t37915 l3 ls1323">paid </span><span class="pp-class-382 pa t37915 l42578 ls1099">and </span><span class="pp-class-382 pa t37915 l42367 ls858">the </span><span class="pp-class-382 pa t37915 l57632 ls1237">nominal </span><span class="pp-class-382 pa t37915 l57633 ls1083">value </span><span class="pp-class-382 pa t37915 l36661 ls1080">as </span><span class="pp-class-382 pa t37915 l4316 ls960">well </span><span class="pp-class-382 pa t37915 l57634 ls1080">as </span><span class="pp-class-382 pa t37915 l7656 ls1073">dividends </span><span class="pp-class-382 pa t37915 l56697 ls1080">on </span><span class="pp-class-382 pa t37915 l57635 ls2842">treasury </span><span class="pp-class-382 pa t37915 l57636 ls1083">shares </span><span class="pp-class-382 pa t37915 l57637 ls800">are </span><span class="pp-class-382 pa t37915 l57638 ls2970">recognised </span><span class="pp-class-382 pa t37915 l57639 ls2143">directly </span><span class="pp-class-382 pa t37915 l57640 ls1080">in </span><span class="pp-class-382 pa t37915 l57641 ls1110">equity </span><span class="pp-class-382 pa t37930 l3 ls1759">under </span><span class="pp-class-382 pa t37930 l57642 ls828">retained </span><span class="pp-class-382 pa t37930 l49897 ls1073">earnings. </span><span class="pp-class-382 pa t37930 l57643 ls858">The </span><span class="pp-class-382 pa t37930 l57644 ls2944">reserve </span><span class="pp-class-382 pa t37930 l57645 ls1080">is </span><span class="pp-class-382 pa t37930 l57646 ls302">a </span><span class="pp-class-382 pa t37930 l57647 ls3474">distributable </span><span class="pp-class-382 pa t37930 l57648 ls1083">reserve. </span></p><div id="pp-id-5258" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h57702 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls57703">4.7 </span><span class="pp-class-370 pa t21055 l43638 ls5039">Treasury </span><span class="pp-class-370 pa t21055 l57704 ls134">shares</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">Number </span><span class="pp-class-372 pa t42302 l3249 ls287">of </span><span class="pp-class-372 pa t42302 l3250 ls134">shares </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3 ls2784">Treasury </span><span class="pp-class-372 pa t42308 l18090 ls134">shares </span><span class="pp-class-372 pa t42308 l3193 ls2835">at </span><span class="pp-class-372 pa t42308 l54934">1 </span><span class="pp-class-372 pa t42308 l57705 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l57706 ls3630">2,415,910</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l57707 ls1126">1,381,528</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l3 ls72">Acquisition </span><span class="pp-class-372 pa t42312 l33487 ls287">of </span><span class="pp-class-372 pa t42312 l43184 ls704">treasury </span><span class="pp-class-372 pa t42312 l16280 ls110">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l57708 ls860">2,312,185</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l57709 ls1101">1,071,428</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l3">Disposal </span><span class="pp-class-372 pa t42313 l22940 ls287">of </span><span class="pp-class-372 pa t42313 l57710 ls704">treasury </span><span class="pp-class-372 pa t42313 l57711 ls134">shares </span><span class="pp-class-372 pa t42313 l37851">due </span><span class="pp-class-372 pa t42313 l57712 ls166">to </span><span class="pp-class-372 pa t42313 l40231 ls1941">exercise </span><span class="pp-class-372 pa t42313 l57713 ls287">of </span><span class="pp-class-372 pa t42313 l57714 ls110">share </span><span class="pp-class-372 pa t42313 l47040 ls37">options </span><span class="pp-class-372 pa t42313 l57715">and </span><span class="pp-class-372 pa t57716 l3 ls138">restricted </span><span class="pp-class-372 pa t57716 l57717 ls37">stock </span><span class="pp-class-372 pa t57716 l57718">units</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57716 l57719 ls16">-92,344</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57716 l57720 ls17717">-37,046</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57721 l3 ls193">Cancellation </span><span class="pp-class-372 pa t57721 l16791 ls287">of </span><span class="pp-class-372 pa t57721 l51631 ls704">treasury </span><span class="pp-class-372 pa t57721 l28980 ls134">shares </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57721 l57722 ls88">-661,981</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57721 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57723 l3 ls1065">Treasury </span><span class="pp-class-373 pa t57723 l47235 ls944">shares </span><span class="pp-class-373 pa t57723 l57724 ls1323">at </span><span class="pp-class-373 pa t57723 l57725">31 </span><span class="pp-class-373 pa t57723 l57726">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57723 l57727 ls2960">3,973,770</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57723 l57728 ls1319">2,415,910</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57729 l3 ls2835">Market </span><span class="pp-class-373 pa t57729 l27255 ls110">value </span><span class="pp-class-373 pa t57729 l34236">of </span><span class="pp-class-373 pa t57729 l57730 ls287">treasury </span><span class="pp-class-373 pa t57729 l4259 ls944">shares </span><span class="pp-class-373 pa t57729 l57731">based </span><span class="pp-class-373 pa t57729 l57732">on </span><span class="pp-class-373 pa t57729 l57733 ls907">quoted </span><span class="pp-class-373 pa t57729 l57734 ls112">share </span><span class="pp-class-373 pa t57729 l57735">price </span><span class="pp-class-373 pa t57736 l3 ls1323">at </span><span class="pp-class-373 pa t57736 l57737">31 </span><span class="pp-class-373 pa t57736 l57738 ls1073">December, </span><span class="pp-class-373 pa t57736 l30895">DKK </span><span class="pp-class-373 pa t57736 l18545">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57736 l57739">530</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57736 l57740">539</span></p></td></tr></table></div></div><div id="pp-id-5259" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h57741 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls57703">4.7 </span><span class="pp-class-370 pa t21055 l43638 ls5039">Treasury </span><span class="pp-class-370 pa t21055 l57704 ls134">shares</span><span class="pp-class-371 pa t21055 l57742"/><span class="pp-class-371 pa t21055 l57743 ls155">(continued)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls1080">In </span><span class="pp-class-382 pa t45774 l43891 ls852">accordance </span><span class="pp-class-382 pa t45774 l55302 ls1323">with </span><span class="pp-class-382 pa t45774 l44567 ls858">the </span><span class="pp-class-382 pa t45774 l55303 ls2486">Annual </span><span class="pp-class-382 pa t45774 l57744 ls1150">General </span><span class="pp-class-382 pa t45774 l57745 ls3474">Meeting </span><span class="pp-class-382 pa t45774 l57746 ls1080">in </span><span class="pp-class-382 pa t45774 l57747 ls2784">March </span><span class="pp-class-382 pa t45774 l57748 ls1150">2024 </span><span class="pp-class-382 pa t45774 l57749 ls1099">the </span><span class="pp-class-382 pa t45774 l57750 ls2784">Board </span><span class="pp-class-382 pa t45774 l57751 ls103">of </span><span class="pp-class-382 pa t45774 l57752 ls2944">Directors </span><span class="pp-class-382 pa t45774 l57753 ls1080">is </span><span class="pp-class-382 pa t45774 l57754 ls1271">authorised </span><span class="pp-class-382 pa t45774 l57755 ls302">– </span><span class="pp-class-382 pa t45774 l57756 ls1305">until </span><span class="pp-class-382 pa t45774 l57757 ls1073">14 </span><span class="pp-class-382 pa t45789 l3 ls2784">March </span><span class="pp-class-382 pa t45789 l57758 ls1323">2028 </span><span class="pp-class-382 pa t45789 l57759 ls302">– </span><span class="pp-class-382 pa t45789 l57760 ls1759">to </span><span class="pp-class-382 pa t45789 l57761 ls1243">acquire </span><span class="pp-class-382 pa t45789 l57762 ls2842">treasury </span><span class="pp-class-382 pa t45789 l57763 ls1083">shares </span><span class="pp-class-382 pa t45789 l57764 ls1080">up </span><span class="pp-class-382 pa t45789 l57765 ls1759">to </span><span class="pp-class-382 pa t45789 l57766 ls2763">5,860,000 </span><span class="pp-class-382 pa t45789 l33311 ls1083">shares </span><span class="pp-class-382 pa t45789 l57767 ls2889">corresponding </span><span class="pp-class-382 pa t45789 l57768 ls1759">to </span><span class="pp-class-382 pa t45789 l57769 ls302">a </span><span class="pp-class-382 pa t45789 l57770 ls1237">nominal </span><span class="pp-class-382 pa t45789 l57771 ls2784">share </span><span class="pp-class-382 pa t45789 l57772 ls1083">value </span><span class="pp-class-382 pa t45789 l57773 ls134">of </span><span class="pp-class-382 pa t45805 l3 ls858">DKK </span><span class="pp-class-382 pa t45805 l50706 ls39214">117,200,000. </span><span class="pp-class-382 pa t45805 l57774 ls7736">However, </span><span class="pp-class-382 pa t45805 l57775 ls1759">DFDS’ </span><span class="pp-class-382 pa t45805 l57776 ls2889">total </span><span class="pp-class-382 pa t45805 l57777 ls2486">number </span><span class="pp-class-382 pa t45805 l46664 ls103">of </span><span class="pp-class-382 pa t45805 l57778 ls2842">treasury </span><span class="pp-class-382 pa t45805 l57779 ls1083">shares </span><span class="pp-class-382 pa t45805 l57780 ls238">cannot </span><span class="pp-class-382 pa t45805 l57781 ls1083">at </span><span class="pp-class-382 pa t45805 l57782 ls3278">any </span><span class="pp-class-382 pa t45805 l57783 ls1323">time </span><span class="pp-class-382 pa t45805 l31783 ls2955">exceed </span><span class="pp-class-382 pa t45805 l57784 ls1772">10% </span><span class="pp-class-382 pa t45805 l57785 ls103">of </span><span class="pp-class-382 pa t45805 l57786 ls1955">DFDS </span><span class="pp-class-382 pa t45963 l3 ls8853">A/S’ </span><span class="pp-class-382 pa t45963 l57787 ls2784">share </span><span class="pp-class-382 pa t45963 l37281 ls296">capital. </span><span class="pp-class-382 pa t45963 l57788 ls2088">Furthermore, </span><span class="pp-class-382 pa t45963 l57789 ls858">the </span><span class="pp-class-382 pa t45963 l57790 ls1759">price </span><span class="pp-class-382 pa t45963 l57791 ls238">cannot </span><span class="pp-class-382 pa t45963 l22440 ls3377">deviate </span><span class="pp-class-382 pa t45963 l57792 ls2784">by </span><span class="pp-class-382 pa t45963 l56298 ls1243">more </span><span class="pp-class-382 pa t45963 l57793 ls1323">than </span><span class="pp-class-382 pa t45963 l57794 ls1772">10% </span><span class="pp-class-382 pa t45963 l57795 ls1243">from </span><span class="pp-class-382 pa t45963 l57796 ls858">the </span><span class="pp-class-382 pa t45963 l57797 ls1319">listed </span><span class="pp-class-382 pa t45963 l57798 ls1772">acquisition </span><span class="pp-class-382 pa t45963 l57799 ls1759">price </span><span class="pp-class-382 pa t45963 l57800 ls278">on </span><span class="pp-class-382 pa t45817 l3 ls1945">NASDAQ </span><span class="pp-class-382 pa t45817 l57801 ls1772">Copenhagen </span><span class="pp-class-382 pa t45817 l57802 ls1083">at </span><span class="pp-class-382 pa t45817 l57803 ls858">the </span><span class="pp-class-382 pa t45817 l40784 ls1323">time </span><span class="pp-class-382 pa t45817 l33531 ls103">of </span><span class="pp-class-382 pa t45817 l57804 ls1772">acquisition.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45987 l3 ls1323">DFDS </span><span class="pp-class-382 pa t45987 l41618 ls1868">A/S </span><span class="pp-class-382 pa t45987 l16254 ls858">has </span><span class="pp-class-382 pa t45987 l37945 ls2486">during </span><span class="pp-class-382 pa t45987 l57805 ls1150">2024 </span><span class="pp-class-382 pa t45987 l30911 ls1316">acquired </span><span class="pp-class-382 pa t45987 l57806 ls2842">treasury </span><span class="pp-class-382 pa t45987 l57807 ls1083">shares </span><span class="pp-class-382 pa t45987 l46411 ls3278">for </span><span class="pp-class-382 pa t45987 l57808 ls302">a </span><span class="pp-class-382 pa t45987 l51797 ls2889">total </span><span class="pp-class-382 pa t45987 l57809 ls8853">payment </span><span class="pp-class-382 pa t45987 l57810 ls103">of </span><span class="pp-class-382 pa t45987 l57811 ls1099">DKK </span><span class="pp-class-382 pa t45987 l57812 ls1323">431m </span><span class="pp-class-382 pa t45987 l57813 ls1080">in </span><span class="pp-class-382 pa t45987 l57814 ls1271">connection </span><span class="pp-class-382 pa t45987 l57815 ls1323">with </span><span class="pp-class-382 pa t45987 l57816 ls12">a </span><span class="pp-class-382 pa t45999 l3 ls2784">share </span><span class="pp-class-382 pa t45999 l55341 ls1772">buyback </span><span class="pp-class-382 pa t45999 l57817 ls2486">(2023: </span><span class="pp-class-382 pa t45999 l57818 ls858">DKK </span><span class="pp-class-382 pa t45999 l30292 ls2486">300m). </span><span class="pp-class-382 pa t45999 l57819 ls2088">Furthermore, </span><span class="pp-class-382 pa t45999 l57820 ls2486">during </span><span class="pp-class-382 pa t45999 l57821 ls1150">2024 </span><span class="pp-class-382 pa t45999 l57822 ls1323">DFDS </span><span class="pp-class-382 pa t45999 l57823 ls1868">A/S </span><span class="pp-class-382 pa t45999 l57824 ls1099">has </span><span class="pp-class-382 pa t45999 l57825 ls2694">disposed </span><span class="pp-class-382 pa t45999 l57826 ls2842">treasury </span><span class="pp-class-382 pa t45999 l57827 ls1083">shares </span><span class="pp-class-382 pa t45999 l57828 ls3278">for </span><span class="pp-class-382 pa t45999 l57829 ls12">a </span><span class="pp-class-382 pa t46012 l3 ls2889">total </span><span class="pp-class-382 pa t46012 l36740 ls852">consideration </span><span class="pp-class-382 pa t46012 l57830 ls103">of </span><span class="pp-class-382 pa t46012 l57831 ls858">DKK </span><span class="pp-class-382 pa t46012 l46109 ls1080">0m </span><span class="pp-class-382 pa t46012 l57832 ls2486">(2023: </span><span class="pp-class-382 pa t46012 l57833 ls858">DKK </span><span class="pp-class-382 pa t46012 l57834 ls858">0m) </span><span class="pp-class-382 pa t46012 l6924 ls1080">in </span><span class="pp-class-382 pa t46012 l57835 ls1271">connection </span><span class="pp-class-382 pa t46012 l48546 ls1323">with </span><span class="pp-class-382 pa t46012 l57836 ls1148">employees’ </span><span class="pp-class-382 pa t46012 l57837 ls19370">exercise </span><span class="pp-class-382 pa t46012 l57838 ls103">of </span><span class="pp-class-382 pa t46012 l57839 ls2784">share </span><span class="pp-class-382 pa t46012 l57840 ls3474">options/</span><span class="pp-class-382 pa t46023 l3 ls3623">restricted </span><span class="pp-class-382 pa t46023 l53956 ls1118">stock </span><span class="pp-class-382 pa t46023 l57841 ls1110">units. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55080 l3 ls1080">On </span><span class="pp-class-382 pa t55080 l43809 ls858">the </span><span class="pp-class-382 pa t55080 l57842 ls2486">Annual </span><span class="pp-class-382 pa t55080 l57843 ls1150">General </span><span class="pp-class-382 pa t55080 l57844 ls3474">Meeting </span><span class="pp-class-382 pa t55080 l57845 ls1080">in </span><span class="pp-class-382 pa t55080 l57846 ls2784">March </span><span class="pp-class-382 pa t55080 l57847 ls1150">2024 </span><span class="pp-class-382 pa t55080 l57848 ls1080">it </span><span class="pp-class-382 pa t55080 l57849 ls1150">was </span><span class="pp-class-382 pa t55080 l57850 ls1237">decided </span><span class="pp-class-382 pa t55080 l57851 ls1759">to </span><span class="pp-class-382 pa t55080 l57852 ls2486">cancel </span><span class="pp-class-382 pa t55080 l57853 ls864">661,981 </span><span class="pp-class-382 pa t55080 l57854 ls103">of </span><span class="pp-class-382 pa t55080 l55675 ls858">the </span><span class="pp-class-382 pa t55080 l57855 ls2842">treasury </span><span class="pp-class-382 pa t55080 l57856 ls1150">shares. </span><span class="pp-class-382 pa t55080 l48061 ls1955">This </span><span class="pp-class-382 pa t46035 l3 ls2531">resulted </span><span class="pp-class-382 pa t46035 l57857 ls1080">in </span><span class="pp-class-382 pa t46035 l57858 ls302">a </span><span class="pp-class-382 pa t46035 l22724 ls1083">reduction </span><span class="pp-class-382 pa t46035 l54075 ls103">of </span><span class="pp-class-382 pa t46035 l57859 ls858">the </span><span class="pp-class-382 pa t46035 l37848 ls1321">Company's </span><span class="pp-class-382 pa t46035 l57860 ls2784">share </span><span class="pp-class-382 pa t46035 l57861 ls806">capital </span><span class="pp-class-382 pa t46035 l20887 ls2784">by </span><span class="pp-class-382 pa t46035 l57862 ls1974">nominally </span><span class="pp-class-382 pa t46035 l57863 ls16997">13,239,620. </span><span class="pp-class-382 pa t46035 l57864 ls1099">The </span><span class="pp-class-382 pa t46035 l57865 ls2113">cancellation </span><span class="pp-class-382 pa t46035 l57866 ls1772">had </span><span class="pp-class-382 pa t46035 l57867 ls1080">legal </span><span class="pp-class-382 pa t46049 l3 ls2142">effect </span><span class="pp-class-382 pa t46049 l40100 ls1243">from </span><span class="pp-class-382 pa t46049 l57868 ls1772">16 </span><span class="pp-class-382 pa t46049 l12706 ls1759">April </span><span class="pp-class-382 pa t46049 l54026 ls1150">2024.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55123 l3 ls858">The </span><span class="pp-class-382 pa t55123 l16631 ls7096">Parent </span><span class="pp-class-382 pa t55123 l57869 ls2944">company’s </span><span class="pp-class-382 pa t55123 l57870 ls1237">holding </span><span class="pp-class-382 pa t55123 l57871 ls103">of </span><span class="pp-class-382 pa t55123 l17464 ls2842">treasury </span><span class="pp-class-382 pa t55123 l57872 ls1083">shares </span><span class="pp-class-382 pa t55123 l36617 ls1083">at </span><span class="pp-class-382 pa t55123 l57873 ls1080">31 </span><span class="pp-class-382 pa t55123 l57874 ls2694">December </span><span class="pp-class-382 pa t55123 l51583 ls1150">2024 </span><span class="pp-class-382 pa t55123 l57875 ls1080">is </span><span class="pp-class-382 pa t55123 l57876 ls48975">3,973,770 </span><span class="pp-class-382 pa t55123 l57877 ls1083">shares </span><span class="pp-class-382 pa t55123 l57878 ls103">of </span><span class="pp-class-382 pa t55123 l57879 ls1099">DKK </span><span class="pp-class-382 pa t55123 l57880 ls1080">20 </span><span class="pp-class-382 pa t55123 l57881 ls1323">each </span><span class="pp-class-382 pa t46064 l3 ls2486">(2023: </span><span class="pp-class-382 pa t46064 l50782 ls8265">2,415,910 </span><span class="pp-class-382 pa t46064 l57882 ls2944">shares), </span><span class="pp-class-382 pa t46064 l57883 ls2889">corresponding </span><span class="pp-class-382 pa t46064 l57884 ls1759">to </span><span class="pp-class-382 pa t46064 l57885 ls18115">6.85% </span><span class="pp-class-382 pa t46064 l57886 ls2486">(2023: </span><span class="pp-class-382 pa t46064 l57887 ls2486">4.12%) </span><span class="pp-class-382 pa t46064 l57888 ls103">of </span><span class="pp-class-382 pa t46064 l57889 ls1099">the </span><span class="pp-class-382 pa t46064 l57890 ls7096">Parent </span><span class="pp-class-382 pa t46064 l57891 ls2944">company’s </span><span class="pp-class-382 pa t46064 l57892 ls2784">share </span><span class="pp-class-382 pa t46064 l57893 ls1759">capital. </span><span class="pp-class-382 pa t46077 l3 ls1739">Treasury </span><span class="pp-class-382 pa t46077 l57894 ls1083">shares </span><span class="pp-class-382 pa t46077 l31526 ls800">are </span><span class="pp-class-382 pa t46077 l57895 ls1323">used </span><span class="pp-class-382 pa t46077 l57896 ls1759">to </span><span class="pp-class-382 pa t46077 l57897 ls646">cover </span><span class="pp-class-382 pa t46077 l57898 ls858">the </span><span class="pp-class-382 pa t46077 l57899 ls2784">share </span><span class="pp-class-382 pa t46077 l57900 ls238">option </span><span class="pp-class-382 pa t46077 l57901 ls2486">scheme </span><span class="pp-class-382 pa t46077 l57902 ls858">and </span><span class="pp-class-382 pa t46077 l29928 ls3623">restricted </span><span class="pp-class-382 pa t46077 l57903 ls1118">stock </span><span class="pp-class-382 pa t46077 l57904 ls1323">unit </span><span class="pp-class-382 pa t46077 l57905 ls1323">plan </span><span class="pp-class-382 pa t46077 l57906 ls3278">for </span><span class="pp-class-382 pa t46077 l57907 ls6007">employees.</span></p></div></div> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30105 l3 ls2842">Reserve </span><span class="pp-class-383 pa t30105 l57619 ls1077">for </span><span class="pp-class-383 pa t30105 l57620 ls830">treasury </span><span class="pp-class-383 pa t30105 l57621 ls2842">shares</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30110 l3 ls858">The </span><span class="pp-class-382 pa t30110 l16631 ls2944">reserve </span><span class="pp-class-382 pa t30110 l57622 ls1073">comprises </span><span class="pp-class-382 pa t30110 l22208 ls858">the </span><span class="pp-class-382 pa t30110 l57623 ls1237">nominal </span><span class="pp-class-382 pa t30110 l57624 ls1083">value </span><span class="pp-class-382 pa t30110 l57625 ls103">of </span><span class="pp-class-382 pa t30110 l57626 ls2842">treasury </span><span class="pp-class-382 pa t30110 l54817 ls1150">shares. </span><span class="pp-class-382 pa t30110 l48074 ls1099">The </span><span class="pp-class-382 pa t30110 l57627 ls1974">difference </span><span class="pp-class-382 pa t30110 l57628 ls1244">between </span><span class="pp-class-382 pa t30110 l57629 ls1099">the </span><span class="pp-class-382 pa t30110 l57630 ls3623">market </span><span class="pp-class-382 pa t30110 l57631 ls1080">price </span><span class="pp-class-382 pa t37915 l3 ls1323">paid </span><span class="pp-class-382 pa t37915 l42578 ls1099">and </span><span class="pp-class-382 pa t37915 l42367 ls858">the </span><span class="pp-class-382 pa t37915 l57632 ls1237">nominal </span><span class="pp-class-382 pa t37915 l57633 ls1083">value </span><span class="pp-class-382 pa t37915 l36661 ls1080">as </span><span class="pp-class-382 pa t37915 l4316 ls960">well </span><span class="pp-class-382 pa t37915 l57634 ls1080">as </span><span class="pp-class-382 pa t37915 l7656 ls1073">dividends </span><span class="pp-class-382 pa t37915 l56697 ls1080">on </span><span class="pp-class-382 pa t37915 l57635 ls2842">treasury </span><span class="pp-class-382 pa t37915 l57636 ls1083">shares </span><span class="pp-class-382 pa t37915 l57637 ls800">are </span><span class="pp-class-382 pa t37915 l57638 ls2970">recognised </span><span class="pp-class-382 pa t37915 l57639 ls2143">directly </span><span class="pp-class-382 pa t37915 l57640 ls1080">in </span><span class="pp-class-382 pa t37915 l57641 ls1110">equity </span><span class="pp-class-382 pa t37930 l3 ls1759">under </span><span class="pp-class-382 pa t37930 l57642 ls828">retained </span><span class="pp-class-382 pa t37930 l49897 ls1073">earnings. </span><span class="pp-class-382 pa t37930 l57643 ls858">The </span><span class="pp-class-382 pa t37930 l57644 ls2944">reserve </span><span class="pp-class-382 pa t37930 l57645 ls1080">is </span><span class="pp-class-382 pa t37930 l57646 ls302">a </span><span class="pp-class-382 pa t37930 l57647 ls3474">distributable </span><span class="pp-class-382 pa t37930 l57648 ls1083">reserve. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls4305">Currency </span><span class="pp-class-383 pa t49646 l55442 ls2944">translation </span><span class="pp-class-383 pa t49646 l57649 ls1974">reserve</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls2944">reserve </span><span class="pp-class-382 pa t37943 l57622 ls1073">comprises </span><span class="pp-class-382 pa t37943 l22208 ls1323">DFDS </span><span class="pp-class-382 pa t37943 l57650 ls1868">A/S </span><span class="pp-class-382 pa t37943 l57651 ls728">shareholders’ </span><span class="pp-class-382 pa t37943 l41346 ls2784">share </span><span class="pp-class-382 pa t37943 l57652 ls103">of </span><span class="pp-class-382 pa t37943 l57653 ls3377">currency </span><span class="pp-class-382 pa t37943 l37299 ls2944">translation </span><span class="pp-class-382 pa t37943 l57654 ls3278">adjustments </span><span class="pp-class-382 pa t37943 l57655 ls1237">arising </span><span class="pp-class-382 pa t37943 l57656 ls278">on </span><span class="pp-class-382 pa t37948 l3 ls858">the </span><span class="pp-class-382 pa t37948 l43824 ls2944">translation </span><span class="pp-class-382 pa t37948 l50323 ls103">of </span><span class="pp-class-382 pa t37948 l3873 ls830">net </span><span class="pp-class-382 pa t37948 l57657 ls1244">investments </span><span class="pp-class-382 pa t37948 l34255 ls1080">in </span><span class="pp-class-382 pa t37948 l57658 ls1701">enterprises </span><span class="pp-class-382 pa t37948 l57659 ls1323">with </span><span class="pp-class-382 pa t37948 l57660 ls302">a </span><span class="pp-class-382 pa t37948 l57661 ls1271">functional </span><span class="pp-class-382 pa t37948 l57662 ls3377">currency </span><span class="pp-class-382 pa t37948 l57663 ls296">other </span><span class="pp-class-382 pa t37948 l57664 ls1323">than </span><span class="pp-class-382 pa t37948 l57665 ls1323">DKK. </span><span class="pp-class-382 pa t37948 l57666 ls302">The </span><span class="pp-class-382 pa t37961 l3 ls2944">reserve </span><span class="pp-class-382 pa t37961 l52050 ls1080">is </span><span class="pp-class-382 pa t37961 l57667 ls646">dissolved </span><span class="pp-class-382 pa t37961 l48643 ls1323">upon </span><span class="pp-class-382 pa t37961 l16531 ls2694">disposal </span><span class="pp-class-382 pa t37961 l57668 ls103">of </span><span class="pp-class-382 pa t37961 l57669 ls858">the </span><span class="pp-class-382 pa t37961 l57670 ls1314">entity.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49077 l3 ls2842">Reserve </span><span class="pp-class-383 pa t49077 l57619 ls1077">for </span><span class="pp-class-383 pa t49077 l57620 ls2486">hedging</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37975 l3 ls858">The </span><span class="pp-class-382 pa t37975 l16631 ls1237">hedging </span><span class="pp-class-382 pa t37975 l57671 ls2944">reserve </span><span class="pp-class-382 pa t37975 l3304 ls1073">comprises </span><span class="pp-class-382 pa t37975 l57672 ls858">the </span><span class="pp-class-382 pa t37975 l26753 ls3278">fair </span><span class="pp-class-382 pa t37975 l54815 ls1083">value </span><span class="pp-class-382 pa t37975 l43774 ls103">of </span><span class="pp-class-382 pa t37975 l57673 ls1237">hedging </span><span class="pp-class-382 pa t37975 l57674 ls3623">transactions </span><span class="pp-class-382 pa t37975 l57675 ls6360">that </span><span class="pp-class-382 pa t37975 l57676 ls56">qualify </span><span class="pp-class-382 pa t37975 l57677 ls3278">for </span><span class="pp-class-382 pa t37975 l57678 ls2142">recognition </span><span class="pp-class-382 pa t37975 l57679 ls278">as </span><span class="pp-class-382 pa t37977 l3 ls1323">cash </span><span class="pp-class-382 pa t37977 l8272 ls960">flow </span><span class="pp-class-382 pa t37977 l57680 ls2486">hedges </span><span class="pp-class-382 pa t37977 l48409 ls1099">and </span><span class="pp-class-382 pa t37977 l57681 ls2784">where </span><span class="pp-class-382 pa t37977 l57682 ls858">the </span><span class="pp-class-382 pa t37977 l54356 ls2486">hedged </span><span class="pp-class-382 pa t37977 l57683 ls3623">transactions </span><span class="pp-class-382 pa t37977 l49517 ls185">have </span><span class="pp-class-382 pa t37977 l57684 ls830">not </span><span class="pp-class-382 pa t37977 l57685 ls1323">been </span><span class="pp-class-382 pa t37977 l57686 ls960">realised. </span><span class="pp-class-382 pa t37977 l57687 ls1759">Hedge </span><span class="pp-class-382 pa t37977 l57688 ls806">accounting </span><span class="pp-class-382 pa t36901 l3 ls2486">ceases </span><span class="pp-class-382 pa t36901 l57689 ls1323">when </span><span class="pp-class-382 pa t36901 l57690 ls858">the </span><span class="pp-class-382 pa t36901 l57691 ls1237">hedging </span><span class="pp-class-382 pa t36901 l57692 ls806">instrument </span><span class="pp-class-382 pa t36901 l57693 ls7094">matures </span><span class="pp-class-382 pa t36901 l57694 ls1080">or </span><span class="pp-class-382 pa t36901 l57695 ls1080">if </span><span class="pp-class-382 pa t36901 l57696 ls302">a </span><span class="pp-class-382 pa t36901 l57697 ls1759">hedge </span><span class="pp-class-382 pa t36901 l57698 ls1080">is </span><span class="pp-class-382 pa t36901 l57699 ls1080">no </span><span class="pp-class-382 pa t36901 l57700 ls2486">longer </span><span class="pp-class-382 pa t36901 l57701 ls7694">effective.</span></p> <p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t30105 l3 ls2842">Reserve </span><span class="pp-class-383 pa t30105 l57619 ls1077">for </span><span class="pp-class-383 pa t30105 l57620 ls830">treasury </span><span class="pp-class-383 pa t30105 l57621 ls2842">shares</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t30110 l3 ls858">The </span><span class="pp-class-382 pa t30110 l16631 ls2944">reserve </span><span class="pp-class-382 pa t30110 l57622 ls1073">comprises </span><span class="pp-class-382 pa t30110 l22208 ls858">the </span><span class="pp-class-382 pa t30110 l57623 ls1237">nominal </span><span class="pp-class-382 pa t30110 l57624 ls1083">value </span><span class="pp-class-382 pa t30110 l57625 ls103">of </span><span class="pp-class-382 pa t30110 l57626 ls2842">treasury </span><span class="pp-class-382 pa t30110 l54817 ls1150">shares. </span><span class="pp-class-382 pa t30110 l48074 ls1099">The </span><span class="pp-class-382 pa t30110 l57627 ls1974">difference </span><span class="pp-class-382 pa t30110 l57628 ls1244">between </span><span class="pp-class-382 pa t30110 l57629 ls1099">the </span><span class="pp-class-382 pa t30110 l57630 ls3623">market </span><span class="pp-class-382 pa t30110 l57631 ls1080">price </span><span class="pp-class-382 pa t37915 l3 ls1323">paid </span><span class="pp-class-382 pa t37915 l42578 ls1099">and </span><span class="pp-class-382 pa t37915 l42367 ls858">the </span><span class="pp-class-382 pa t37915 l57632 ls1237">nominal </span><span class="pp-class-382 pa t37915 l57633 ls1083">value </span><span class="pp-class-382 pa t37915 l36661 ls1080">as </span><span class="pp-class-382 pa t37915 l4316 ls960">well </span><span class="pp-class-382 pa t37915 l57634 ls1080">as </span><span class="pp-class-382 pa t37915 l7656 ls1073">dividends </span><span class="pp-class-382 pa t37915 l56697 ls1080">on </span><span class="pp-class-382 pa t37915 l57635 ls2842">treasury </span><span class="pp-class-382 pa t37915 l57636 ls1083">shares </span><span class="pp-class-382 pa t37915 l57637 ls800">are </span><span class="pp-class-382 pa t37915 l57638 ls2970">recognised </span><span class="pp-class-382 pa t37915 l57639 ls2143">directly </span><span class="pp-class-382 pa t37915 l57640 ls1080">in </span><span class="pp-class-382 pa t37915 l57641 ls1110">equity </span><span class="pp-class-382 pa t37930 l3 ls1759">under </span><span class="pp-class-382 pa t37930 l57642 ls828">retained </span><span class="pp-class-382 pa t37930 l49897 ls1073">earnings. </span><span class="pp-class-382 pa t37930 l57643 ls858">The </span><span class="pp-class-382 pa t37930 l57644 ls2944">reserve </span><span class="pp-class-382 pa t37930 l57645 ls1080">is </span><span class="pp-class-382 pa t37930 l57646 ls302">a </span><span class="pp-class-382 pa t37930 l57647 ls3474">distributable </span><span class="pp-class-382 pa t37930 l57648 ls1083">reserve. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49646 l3 ls4305">Currency </span><span class="pp-class-383 pa t49646 l55442 ls2944">translation </span><span class="pp-class-383 pa t49646 l57649 ls1974">reserve</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37943 l3 ls858">The </span><span class="pp-class-382 pa t37943 l16631 ls2944">reserve </span><span class="pp-class-382 pa t37943 l57622 ls1073">comprises </span><span class="pp-class-382 pa t37943 l22208 ls1323">DFDS </span><span class="pp-class-382 pa t37943 l57650 ls1868">A/S </span><span class="pp-class-382 pa t37943 l57651 ls728">shareholders’ </span><span class="pp-class-382 pa t37943 l41346 ls2784">share </span><span class="pp-class-382 pa t37943 l57652 ls103">of </span><span class="pp-class-382 pa t37943 l57653 ls3377">currency </span><span class="pp-class-382 pa t37943 l37299 ls2944">translation </span><span class="pp-class-382 pa t37943 l57654 ls3278">adjustments </span><span class="pp-class-382 pa t37943 l57655 ls1237">arising </span><span class="pp-class-382 pa t37943 l57656 ls278">on </span><span class="pp-class-382 pa t37948 l3 ls858">the </span><span class="pp-class-382 pa t37948 l43824 ls2944">translation </span><span class="pp-class-382 pa t37948 l50323 ls103">of </span><span class="pp-class-382 pa t37948 l3873 ls830">net </span><span class="pp-class-382 pa t37948 l57657 ls1244">investments </span><span class="pp-class-382 pa t37948 l34255 ls1080">in </span><span class="pp-class-382 pa t37948 l57658 ls1701">enterprises </span><span class="pp-class-382 pa t37948 l57659 ls1323">with </span><span class="pp-class-382 pa t37948 l57660 ls302">a </span><span class="pp-class-382 pa t37948 l57661 ls1271">functional </span><span class="pp-class-382 pa t37948 l57662 ls3377">currency </span><span class="pp-class-382 pa t37948 l57663 ls296">other </span><span class="pp-class-382 pa t37948 l57664 ls1323">than </span><span class="pp-class-382 pa t37948 l57665 ls1323">DKK. </span><span class="pp-class-382 pa t37948 l57666 ls302">The </span><span class="pp-class-382 pa t37961 l3 ls2944">reserve </span><span class="pp-class-382 pa t37961 l52050 ls1080">is </span><span class="pp-class-382 pa t37961 l57667 ls646">dissolved </span><span class="pp-class-382 pa t37961 l48643 ls1323">upon </span><span class="pp-class-382 pa t37961 l16531 ls2694">disposal </span><span class="pp-class-382 pa t37961 l57668 ls103">of </span><span class="pp-class-382 pa t37961 l57669 ls858">the </span><span class="pp-class-382 pa t37961 l57670 ls1314">entity.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t49077 l3 ls2842">Reserve </span><span class="pp-class-383 pa t49077 l57619 ls1077">for </span><span class="pp-class-383 pa t49077 l57620 ls2486">hedging</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t37975 l3 ls858">The </span><span class="pp-class-382 pa t37975 l16631 ls1237">hedging </span><span class="pp-class-382 pa t37975 l57671 ls2944">reserve </span><span class="pp-class-382 pa t37975 l3304 ls1073">comprises </span><span class="pp-class-382 pa t37975 l57672 ls858">the </span><span class="pp-class-382 pa t37975 l26753 ls3278">fair </span><span class="pp-class-382 pa t37975 l54815 ls1083">value </span><span class="pp-class-382 pa t37975 l43774 ls103">of </span><span class="pp-class-382 pa t37975 l57673 ls1237">hedging </span><span class="pp-class-382 pa t37975 l57674 ls3623">transactions </span><span class="pp-class-382 pa t37975 l57675 ls6360">that </span><span class="pp-class-382 pa t37975 l57676 ls56">qualify </span><span class="pp-class-382 pa t37975 l57677 ls3278">for </span><span class="pp-class-382 pa t37975 l57678 ls2142">recognition </span><span class="pp-class-382 pa t37975 l57679 ls278">as </span><span class="pp-class-382 pa t37977 l3 ls1323">cash </span><span class="pp-class-382 pa t37977 l8272 ls960">flow </span><span class="pp-class-382 pa t37977 l57680 ls2486">hedges </span><span class="pp-class-382 pa t37977 l48409 ls1099">and </span><span class="pp-class-382 pa t37977 l57681 ls2784">where </span><span class="pp-class-382 pa t37977 l57682 ls858">the </span><span class="pp-class-382 pa t37977 l54356 ls2486">hedged </span><span class="pp-class-382 pa t37977 l57683 ls3623">transactions </span><span class="pp-class-382 pa t37977 l49517 ls185">have </span><span class="pp-class-382 pa t37977 l57684 ls830">not </span><span class="pp-class-382 pa t37977 l57685 ls1323">been </span><span class="pp-class-382 pa t37977 l57686 ls960">realised. </span><span class="pp-class-382 pa t37977 l57687 ls1759">Hedge </span><span class="pp-class-382 pa t37977 l57688 ls806">accounting </span><span class="pp-class-382 pa t36901 l3 ls2486">ceases </span><span class="pp-class-382 pa t36901 l57689 ls1323">when </span><span class="pp-class-382 pa t36901 l57690 ls858">the </span><span class="pp-class-382 pa t36901 l57691 ls1237">hedging </span><span class="pp-class-382 pa t36901 l57692 ls806">instrument </span><span class="pp-class-382 pa t36901 l57693 ls7094">matures </span><span class="pp-class-382 pa t36901 l57694 ls1080">or </span><span class="pp-class-382 pa t36901 l57695 ls1080">if </span><span class="pp-class-382 pa t36901 l57696 ls302">a </span><span class="pp-class-382 pa t36901 l57697 ls1759">hedge </span><span class="pp-class-382 pa t36901 l57698 ls1080">is </span><span class="pp-class-382 pa t36901 l57699 ls1080">no </span><span class="pp-class-382 pa t36901 l57700 ls2486">longer </span><span class="pp-class-382 pa t36901 l57701 ls7694">effective.</span></p> <div id="pp-id-5260" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h57908 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1271">4.8 </span><span class="pp-class-370 pa t21055 l43638 ls166">Earnings </span><span class="pp-class-370 pa t21055 l57909">per </span><span class="pp-class-370 pa t21055 l57910 ls897">share</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l56442">2023</span><span class="pp-class-389 pa t42302 l54259">¹</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3 ls225">Profit </span><span class="pp-class-372 pa t42308 l2931 ls43">for </span><span class="pp-class-372 pa t42308 l2932">the </span><span class="pp-class-372 pa t42308 l2933 ls1326">year </span><span class="pp-class-372 pa t42308 l57911">(DKK </span><span class="pp-class-372 pa t42308 l16410">million) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l57912">541</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l57913 ls276">1,519</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l3 ls39">Attributable </span><span class="pp-class-372 pa t42312 l45365 ls166">to </span><span class="pp-class-372 pa t42312 l23056 ls944">non-controlling </span><span class="pp-class-372 pa t42312 l57914 ls81">interests </span><span class="pp-class-372 pa t42312 l45944">(DKK </span><span class="pp-class-372 pa t42312 l57915">million)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l57916">-6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l54100">-3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57917 l3 ls882">Attributable </span><span class="pp-class-373 pa t57917 l55248">to </span><span class="pp-class-373 pa t57917 l57918">DFDS </span><span class="pp-class-373 pa t57917 l16171 ls241">Group</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57917 l50305">534</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57917 l57919 ls1323">1,516</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52871 l3 ls230">Weighted </span><span class="pp-class-372 pa t52871 l52051 ls806">average </span><span class="pp-class-372 pa t52871 l57920">number </span><span class="pp-class-372 pa t52871 l57921 ls287">of </span><span class="pp-class-372 pa t52871 l57922">issued </span><span class="pp-class-372 pa t52871 l57923 ls704">ordinary </span><span class="pp-class-372 pa t52871 l53335 ls110">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52871 l57924 ls866">58,161,318</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t52871 l57925 ls3382">58,631,578</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57926 l3 ls230">Weighted </span><span class="pp-class-372 pa t57926 l52051 ls806">average </span><span class="pp-class-372 pa t57926 l57920">number </span><span class="pp-class-372 pa t57926 l57921 ls287">of </span><span class="pp-class-372 pa t57926 l57922 ls704">treasury </span><span class="pp-class-372 pa t57926 l57927 ls110">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57926 l57928 ls1057">-2,971,710</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57926 l57929 ls296">-2,280,841</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57930 l3 ls1065">Weighted </span><span class="pp-class-373 pa t57930 l57931 ls3474">average </span><span class="pp-class-373 pa t57930 l57932">number </span><span class="pp-class-373 pa t57930 l57933">of </span><span class="pp-class-373 pa t57930 l57934 ls1326">circulating </span><span class="pp-class-373 pa t57930 l57935 ls287">ordinary </span><span class="pp-class-373 pa t57930 l57936 ls112">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57930 l57937 ls6007">55,189,609</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57930 l57938 ls8265">56,350,737</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57939 l3 ls1005">Effects </span><span class="pp-class-372 pa t57939 l55600 ls287">of </span><span class="pp-class-372 pa t57939 l4669 ls842">dilution </span><span class="pp-class-372 pa t57939 l17708 ls931">from </span><span class="pp-class-372 pa t57939 l57940">issued </span><span class="pp-class-372 pa t57939 l57941 ls110">share </span><span class="pp-class-372 pa t57939 l57942 ls37">options </span><span class="pp-class-372 pa t57939 l57943">and </span><span class="pp-class-372 pa t57939 l57944 ls138">restricted </span><span class="pp-class-372 pa t57939 l57945 ls37">stock </span><span class="pp-class-372 pa t57939 l51583">unit </span><span class="pp-class-372 pa t57939 l57946">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57939 l57947 ls1772">100,119</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57939 l57948 ls17063">126,726</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57949 l3 ls1065">Weighted </span><span class="pp-class-373 pa t57949 l57931 ls3474">average </span><span class="pp-class-373 pa t57949 l57932">number </span><span class="pp-class-373 pa t57949 l57933">of </span><span class="pp-class-373 pa t57949 l57934 ls1326">circulating </span><span class="pp-class-373 pa t57949 l57935 ls287">ordinary </span><span class="pp-class-373 pa t57949 l57936 ls944">shares </span><span class="pp-class-373 pa t57949 l57950 ls110">(diluted)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57949 l57951 ls46774">55,289,728</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t57949 l57952 ls37002">56,477,463</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57953 l3">Basic </span><span class="pp-class-372 pa t57953 l42420">earnings </span><span class="pp-class-372 pa t57953 l42421">per </span><span class="pp-class-372 pa t57953 l42422 ls110">share </span><span class="pp-class-372 pa t57953 l42423 ls93">(EPS) </span><span class="pp-class-372 pa t57953 l10251 ls287">of </span><span class="pp-class-372 pa t57953 l41542">DKK </span><span class="pp-class-372 pa t57953 l15054">20 </span><span class="pp-class-372 pa t57953 l57954">in </span><span class="pp-class-372 pa t57953 l57456">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57953 l51670 ls3102">9.68</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57953 l42426 ls2955">26.89</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57955 l3 ls90">Diluted </span><span class="pp-class-372 pa t57955 l42428">earnings </span><span class="pp-class-372 pa t57955 l28571">per </span><span class="pp-class-372 pa t57955 l42429 ls110">share </span><span class="pp-class-372 pa t57955 l42430 ls671">(EPS-D) </span><span class="pp-class-372 pa t57955 l42431 ls287">of </span><span class="pp-class-372 pa t57955 l42432">DKK </span><span class="pp-class-372 pa t57955 l42433">20 </span><span class="pp-class-372 pa t57955 l17785">in </span><span class="pp-class-372 pa t57955 l57956">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57955 l57957 ls3102">9.67</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57955 l42436 ls2955">26.83</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t57958 l3 ls1323">When </span><span class="pp-class-382 pa t57958 l24022 ls688">calculating </span><span class="pp-class-382 pa t57958 l57959 ls2489">diluted </span><span class="pp-class-382 pa t57958 l57960 ls2694">earnings </span><span class="pp-class-382 pa t57958 l11415 ls858">per </span><span class="pp-class-382 pa t57958 l57961 ls2784">share </span><span class="pp-class-382 pa t57958 l57962 ls3278">for </span><span class="pp-class-382 pa t57958 l57963 ls2854">2024, </span><span class="pp-class-382 pa t57958 l50612 ls1864">1,314,242 </span><span class="pp-class-382 pa t57958 l57964 ls2784">share </span><span class="pp-class-382 pa t57958 l57965 ls3474">options </span><span class="pp-class-382 pa t57958 l25184 ls2486">(2023: </span><span class="pp-class-382 pa t57958 l57966 ls3382">1,138,905 </span><span class="pp-class-382 pa t57958 l57967 ls2784">share </span><span class="pp-class-382 pa t57958 l57968 ls238">options) </span><span class="pp-class-382 pa t57969 l3 ls6007 wtro3159 wtr1293 tro3160 tr1294">have </span><span class="pp-class-382 pa t57969 l57970 ls68 wtro3159 wtr1293 tro3160 tr1294">been </span><span class="pp-class-382 pa t57969 l57971 ls58 wtro3159 wtr1293 tro3160 tr1294">omitted </span><span class="pp-class-382 pa t57969 l57972 ls16 wtro3159 wtr1293 tro3160 tr1294">as </span><span class="pp-class-382 pa t57969 l57973 ls187 wtro3159 wtr1293 tro3160 tr1294">they </span><span class="pp-class-382 pa t57969 l30184 ls728 wtro3159 wtr1293 tro3160 tr1294">are </span><span class="pp-class-382 pa t57969 l57974 ls2127 wtro3159 wtr1293 tro3160 tr1294">out-of-the-money. </span><span class="pp-class-382 pa t57969 l57975 ls124 wtro3159 wtr1293 tro3160 tr1294">The </span><span class="pp-class-382 pa t57969 l57976 ls1319 wtro3159 wtr1293 tro3160 tr1294">share </span><span class="pp-class-382 pa t57969 l57977 ls155 wtro3159 wtr1293 tro3160 tr1294">options </span><span class="pp-class-382 pa t57969 l57978 ls274 wtro3159 wtr1293 tro3160 tr1294">might </span><span class="pp-class-382 pa t57969 l57979 ls1080 wtro3159 wtr1293 tro3160 tr1294">dilute </span><span class="pp-class-382 pa t57969 l57980 ls2482 wtro3159 wtr1293 tro3160 tr1294">earnings </span><span class="pp-class-382 pa t57969 l57981 ls124 wtro3159 wtr1293 tro3160 tr1294">per </span><span class="pp-class-382 pa t57969 l57982 ls1319 wtro3159 wtr1293 tro3160 tr1294">share </span><span class="pp-class-382 pa t57969 l57983 ls16 wtro3159 wtr1293 tro3160 tr1294">in </span><span class="pp-class-382 pa t57969 l57984 ls124 wtro3159 wtr1293 tro3160 tr1294">the </span><span class="pp-class-382 pa t57969 l57985 ls2489 wtro3159 wtr1293 tro3160 tr1294">future.</span></p></div></div><div id="pp-id-5122" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p></div></div> <div id="pp-id-5262" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58034 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls4279">5.1 </span><span class="pp-class-370 pa t21055 l43638 ls54991 wtro58035 wtr1293 tro58036 tr1294">Remuneration </span><span class="pp-class-370 pa t21055 l58037 ls14556 wtro58035 wtr1293 tro58036 tr1294">to </span><span class="pp-class-370 pa t21055 l58038 ls18810 wtro58035 wtr1293 tro58036 tr1294">the </span><span class="pp-class-370 pa t21055 l58039 ls58040 wtro58035 wtr1293 tro58036 tr1294">Executive </span><span class="pp-class-370 pa t21055 l58041 ls22671 wtro58035 wtr1293 tro58036 tr1294">Board </span><span class="pp-class-370 pa t21055 l58042 ls18810 wtro58035 wtr1293 tro58036 tr1294">and </span><span class="pp-class-370 pa t21055 l58043 ls22671 wtro58035 wtr1293 tro58036 tr1294">Board </span><span class="pp-class-370 pa t21055 l58044 ls14556 wtro58035 wtr1293 tro58036 tr1294">of </span><span class="pp-class-370 pa t21055 l58045 ls39214 wtro58035 wtr1293 tro58036 tr1294">Directors</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK'000</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3 ls854">Remuneration </span><span class="pp-class-373 pa t42308 l37877">to </span><span class="pp-class-373 pa t42308 l58046">the </span><span class="pp-class-373 pa t42308 l58047 ls230">Executive </span><span class="pp-class-373 pa t42308 l58048 ls241">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l3 ls1073">Wages </span><span class="pp-class-372 pa t58049 l58050">and </span><span class="pp-class-372 pa t58049 l58051">salaries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l58052 ls2842">13,358</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l58053 ls15093">13,700</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l3">Exit </span><span class="pp-class-372 pa t54127 l48167">cost</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l58054 ls88">2,355</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l3">Bonus</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l58055 ls1298">2,465</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l58056 ls20054">8,117</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58057 l3 ls2220">Defined </span><span class="pp-class-372 pa t58057 l47083 ls2329">contribution </span><span class="pp-class-372 pa t58057 l17551">pension </span><span class="pp-class-372 pa t58057 l47084">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58057 l58058 ls88">1,336</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58057 l58059 ls864">1,370</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58060 l3 ls110">Share </span><span class="pp-class-372 pa t58060 l3267">based </span><span class="pp-class-372 pa t58060 l47093 ls138">payment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58060 l58061 ls14430">5,771</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58060 l45376 ls3241">5,950</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58062 l3">Other </span><span class="pp-class-372 pa t58062 l8525 ls16">employee </span><span class="pp-class-372 pa t58062 l14292">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58062 l39067 ls134">537</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58062 l42640">459</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58063 l3 ls2459">Total </span><span class="pp-class-373 pa t58063 l29712 ls225">remuneration </span><span class="pp-class-373 pa t58063 l58064">to </span><span class="pp-class-373 pa t58063 l1718">the </span><span class="pp-class-373 pa t58063 l58065 ls230">Executive </span><span class="pp-class-373 pa t58063 l58066 ls241">Board</span><span class="pp-class-389 pa t58063 l58067">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58063 l58068 ls1073">23,467</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58063 l58069 ls124">31,951</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58070 l3 ls2949">Total </span><span class="pp-class-372 pa t58070 l2950 ls2482">remuneration </span><span class="pp-class-372 pa t58070 l58071 ls166">to </span><span class="pp-class-372 pa t58070 l12999">the </span><span class="pp-class-372 pa t58070 l58072 ls931">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58070 l58073 ls276">4,500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58070 l58074 ls276">4,500</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58075 l3 ls2949">Total </span><span class="pp-class-372 pa t58075 l2950 ls2482">remuneration </span><span class="pp-class-372 pa t58075 l58071 ls166">to </span><span class="pp-class-372 pa t58075 l12999">the </span><span class="pp-class-372 pa t58075 l58072 ls254">Audit </span><span class="pp-class-372 pa t58075 l58076 ls913">Committee</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58075 l58077">500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58075 l58078">500</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58079 l3 ls2949">Total </span><span class="pp-class-372 pa t58079 l2950 ls2482">remuneration </span><span class="pp-class-372 pa t58079 l58071 ls166">to </span><span class="pp-class-372 pa t58079 l12999">the </span><span class="pp-class-372 pa t58079 l58072 ls704">Nomination </span><span class="pp-class-372 pa t58079 l58080 ls913">Committee</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58079 l58081">150</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58079 l58082">150</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58083 l3 ls2949">Total </span><span class="pp-class-372 pa t58083 l2950 ls2482">remuneration </span><span class="pp-class-372 pa t58083 l58071 ls166">to </span><span class="pp-class-372 pa t58083 l12999">the </span><span class="pp-class-372 pa t58083 l58072 ls278">Remuneration </span><span class="pp-class-372 pa t58083 l12857 ls913">Committee</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58084 l58081">150</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58084 l58082">150</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58085 l3 ls2459">Total </span><span class="pp-class-373 pa t58085 l29712 ls225">remuneration </span><span class="pp-class-373 pa t58085 l58064">to </span><span class="pp-class-373 pa t58085 l1718">the </span><span class="pp-class-373 pa t58085 l58065 ls112">Board </span><span class="pp-class-373 pa t58085 l58086">of </span><span class="pp-class-373 pa t58085 l58087 ls150">Directors</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58085 l58088 ls1859">5,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58085 l58089 ls1859">5,300</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58090 l3 ls2459">Total </span><span class="pp-class-373 pa t58090 l29712 ls225">remuneration </span><span class="pp-class-373 pa t58090 l58064">to </span><span class="pp-class-373 pa t58090 l1718">the </span><span class="pp-class-373 pa t58090 l58065 ls230">Executive </span><span class="pp-class-373 pa t58090 l58066 ls112">Board </span><span class="pp-class-373 pa t58090 l58091">and </span><span class="pp-class-373 pa t58090 l58092 ls112">Board </span><span class="pp-class-373 pa t58090 l58093">of </span><span class="pp-class-373 pa t58090 l58094 ls150">Directors</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58090 l58095 ls4819">28,767</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58090 l58096 ls1952">37,251</span></p></td></tr></table></div></div><div id="pp-id-5263" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45192 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30568 l3 ls858">The </span><span class="pp-class-382 pa t30568 l16631 ls728">termination </span><span class="pp-class-382 pa t30568 l58097 ls2486">period </span><span class="pp-class-382 pa t30568 l58098 ls3278">for </span><span class="pp-class-382 pa t30568 l58099 ls858">the </span><span class="pp-class-382 pa t30568 l58100 ls1463">Executive </span><span class="pp-class-382 pa t30568 l58101 ls2784">Board </span><span class="pp-class-382 pa t30568 l45096 ls1080">is </span><span class="pp-class-382 pa t30568 l58102 ls1080">12 </span><span class="pp-class-382 pa t30568 l58103 ls1118">months. </span><span class="pp-class-382 pa t30568 l58104 ls10900">Further, </span><span class="pp-class-382 pa t30568 l19261 ls858">the </span><span class="pp-class-382 pa t30568 l58105 ls1099">CEO </span><span class="pp-class-382 pa t30568 l58106 ls858">has </span><span class="pp-class-382 pa t30568 l58107 ls1772">additional </span><span class="pp-class-382 pa t30568 l54313 ls1080">12 </span><span class="pp-class-382 pa t30568 l58108 ls1099">months </span><span class="pp-class-382 pa t30575 l3 ls828">redundancy </span><span class="pp-class-382 pa t30575 l58109 ls1101">payment. </span><span class="pp-class-382 pa t30575 l58110 ls1080">In </span><span class="pp-class-382 pa t30575 l6151 ls1271">connection </span><span class="pp-class-382 pa t30575 l58111 ls1323">with </span><span class="pp-class-382 pa t30575 l58112 ls302">a </span><span class="pp-class-382 pa t30575 l58113 ls2486">change </span><span class="pp-class-382 pa t30575 l58114 ls103">of </span><span class="pp-class-382 pa t30575 l58115 ls852">control </span><span class="pp-class-382 pa t30575 l58116 ls103">of </span><span class="pp-class-382 pa t30575 l44697 ls1099">the </span><span class="pp-class-382 pa t30575 l58117 ls2149">Group, </span><span class="pp-class-382 pa t30575 l58118 ls1099">the </span><span class="pp-class-382 pa t30575 l58119 ls1237">members </span><span class="pp-class-382 pa t30575 l58120 ls103">of </span><span class="pp-class-382 pa t30575 l55417 ls1099">the </span><span class="pp-class-382 pa t30575 l58121 ls852">Executive </span><span class="pp-class-382 pa t30583 l3 ls2784">Board </span><span class="pp-class-382 pa t30583 l58122 ls858">can </span><span class="pp-class-382 pa t30583 l42469 ls302">– </span><span class="pp-class-382 pa t30583 l58123 ls2486">within </span><span class="pp-class-382 pa t30583 l58124 ls858">the </span><span class="pp-class-382 pa t30583 l58125 ls1759">first </span><span class="pp-class-382 pa t30583 l58126 ls302">3 </span><span class="pp-class-382 pa t30583 l58127 ls1073">months </span><span class="pp-class-382 pa t30583 l58128 ls103">of </span><span class="pp-class-382 pa t30583 l58129 ls858">the </span><span class="pp-class-382 pa t30583 l58130 ls9967">event </span><span class="pp-class-382 pa t30583 l58131">- </span><span class="pp-class-382 pa t30583 l58132 ls2854">terminate </span><span class="pp-class-382 pa t30583 l58133 ls1759">their </span><span class="pp-class-382 pa t30583 l58134 ls728">employment </span><span class="pp-class-382 pa t30583 l58135 ls1323">with </span><span class="pp-class-382 pa t30583 l58136 ls1099">the </span><span class="pp-class-382 pa t30583 l58137 ls1323">same </span><span class="pp-class-382 pa t30583 l58138 ls2142">effect </span><span class="pp-class-382 pa t30583 l58139 ls1080">as </span><span class="pp-class-382 pa t30583 l58140 ls1080">if </span><span class="pp-class-382 pa t30583 l58141 ls302">the </span><span class="pp-class-382 pa t30588 l3 ls2489">Company </span><span class="pp-class-382 pa t30588 l58142 ls1772">had </span><span class="pp-class-382 pa t30588 l58143 ls2142">given </span><span class="pp-class-382 pa t30588 l16798 ls238">notice </span><span class="pp-class-382 pa t30588 l58144 ls103">of </span><span class="pp-class-382 pa t30588 l56669 ls728">termination </span><span class="pp-class-382 pa t30588 l41445 ls103">of </span><span class="pp-class-382 pa t30588 l58145 ls728">employment </span><span class="pp-class-382 pa t30588 l58146 ls1759">to </span><span class="pp-class-382 pa t30588 l58147 ls858">the </span><span class="pp-class-382 pa t30588 l58148 ls1463">Executive </span><span class="pp-class-382 pa t30588 l58149 ls1083">Board. </span><span class="pp-class-382 pa t30588 l58150 ls14385">Key </span><span class="pp-class-382 pa t30588 l58151 ls53">management </span><span class="pp-class-382 pa t30588 l58152 ls1323">personnel </span><span class="pp-class-382 pa t30593 l3 ls1080">is </span><span class="pp-class-382 pa t30593 l46558 ls1305">defined </span><span class="pp-class-382 pa t30593 l39866 ls1080">as </span><span class="pp-class-382 pa t30593 l58153 ls858">the </span><span class="pp-class-382 pa t30593 l58154 ls1463">Executive </span><span class="pp-class-382 pa t30593 l58155 ls2784">Board </span><span class="pp-class-382 pa t30593 l58156 ls819">consisting </span><span class="pp-class-382 pa t30593 l58157 ls103">of </span><span class="pp-class-382 pa t30593 l58158 ls1099">CEO </span><span class="pp-class-382 pa t30593 l58159 ls41173">Torben </span><span class="pp-class-382 pa t30593 l58160 ls1237">Carlsen </span><span class="pp-class-382 pa t30593 l46073 ls1099">and </span><span class="pp-class-382 pa t30593 l58161 ls99">CFO </span><span class="pp-class-382 pa t30593 l58162 ls3024">Karen </span><span class="pp-class-382 pa t30593 l58163 ls1941">Dyrskjøt </span><span class="pp-class-382 pa t30593 l58164 ls2486">Boesen </span><span class="pp-class-382 pa t30593 l58165 ls1148">(Karina </span><span class="pp-class-382 pa t30606 l3 ls1772">Deacon </span><span class="pp-class-382 pa t30606 l43887 ls1305">until </span><span class="pp-class-382 pa t30606 l17214 ls1080">30 </span><span class="pp-class-382 pa t30606 l58166 ls1323">June </span><span class="pp-class-382 pa t30606 l58167 ls2854">2024).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30622 l3 ls3623">Remuneration </span><span class="pp-class-382 pa t30622 l58168 ls1759">to </span><span class="pp-class-382 pa t30622 l58169 ls858">the </span><span class="pp-class-382 pa t30622 l58170 ls1759">chair </span><span class="pp-class-382 pa t30622 l58171 ls103">of </span><span class="pp-class-382 pa t30622 l58172 ls858">the </span><span class="pp-class-382 pa t30622 l58173 ls728">Audit </span><span class="pp-class-382 pa t30622 l58174 ls803">Committee </span><span class="pp-class-382 pa t30622 l58175 ls1080">is </span><span class="pp-class-382 pa t30622 l58176 ls858">DKK </span><span class="pp-class-382 pa t30622 l58177 ls1323">250k </span><span class="pp-class-382 pa t30622 l58178 ls1099">per </span><span class="pp-class-382 pa t30622 l58179 ls960">year </span><span class="pp-class-382 pa t30622 l58180 ls2486">(2023: </span><span class="pp-class-382 pa t30622 l58181 ls858">DKK </span><span class="pp-class-382 pa t30622 l58182 ls1759">250k) </span><span class="pp-class-382 pa t30622 l58183 ls858">and </span><span class="pp-class-382 pa t30622 l58184 ls7756">remuneration </span><span class="pp-class-382 pa t30622 l58185 ls302">to </span><span class="pp-class-382 pa t30628 l3 ls296">other </span><span class="pp-class-382 pa t30628 l43926 ls1237">members </span><span class="pp-class-382 pa t30628 l58186 ls103">of </span><span class="pp-class-382 pa t30628 l58187 ls1099">the </span><span class="pp-class-382 pa t30628 l26305 ls728">Audit </span><span class="pp-class-382 pa t30628 l51548 ls803">Committee </span><span class="pp-class-382 pa t30628 l58188 ls1080">is </span><span class="pp-class-382 pa t30628 l58189 ls858">DKK </span><span class="pp-class-382 pa t30628 l58190 ls1323">125k </span><span class="pp-class-382 pa t30628 l58191 ls1099">per </span><span class="pp-class-382 pa t30628 l58192 ls960">year </span><span class="pp-class-382 pa t30628 l53831 ls2486">(2023: </span><span class="pp-class-382 pa t30628 l58193 ls858">DKK </span><span class="pp-class-382 pa t30628 l51500 ls1759">125k) </span><span class="pp-class-382 pa t30628 l58194 ls1772">each. </span><span class="pp-class-382 pa t30628 l58195 ls3623">Remuneration </span><span class="pp-class-382 pa t30628 l58196 ls1759">to </span><span class="pp-class-382 pa t30628 l58197 ls1772">each </span><span class="pp-class-382 pa t30628 l58198 ls134">of </span><span class="pp-class-382 pa t30634 l3 ls858">the </span><span class="pp-class-382 pa t30634 l43824 ls2784">three </span><span class="pp-class-382 pa t30634 l45921 ls1237">members </span><span class="pp-class-382 pa t30634 l58199 ls103">of </span><span class="pp-class-382 pa t30634 l58200 ls858">the </span><span class="pp-class-382 pa t30634 l35730 ls3623">Remuneration </span><span class="pp-class-382 pa t30634 l58201 ls858">and </span><span class="pp-class-382 pa t30634 l45809 ls688">Nomination </span><span class="pp-class-382 pa t30634 l3255 ls803">Committee </span><span class="pp-class-382 pa t30634 l58202 ls1080">is </span><span class="pp-class-382 pa t30634 l58203 ls1099">DKK </span><span class="pp-class-382 pa t30634 l18793 ls1772">100k </span><span class="pp-class-382 pa t30634 l58204 ls1099">per </span><span class="pp-class-382 pa t30634 l58205 ls960">year </span><span class="pp-class-382 pa t30634 l58206 ls2486">(2023: </span><span class="pp-class-382 pa t30634 l58207 ls858">DKK </span><span class="pp-class-382 pa t30634 l58208 ls1772">100k).</span></p></div></div><div class="pp-class-10" id="pp-id-5123" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls2842">Karen </span><span class="pp-class-376 pa t3433 l58256 ls980">Dyrskjøt </span><span class="pp-class-376 pa t3433 l58257">Boesen </span><span class="pp-class-376 pa t3439 l3">joined </span><span class="pp-class-376 pa t3439 l58258">the </span><span class="pp-class-376 pa t3439 l58259 ls110">Group </span><span class="pp-class-376 pa t3439 l58260">as </span><span class="pp-class-376 pa t3445 l3 ls2329">CFO </span><span class="pp-class-376 pa t3445 l58261">and </span><span class="pp-class-376 pa t3445 l19078">member </span><span class="pp-class-376 pa t3445 l10334 ls287">of </span><span class="pp-class-376 pa t4202 l3">the </span><span class="pp-class-376 pa t4202 l16246 ls897">Executive </span><span class="pp-class-376 pa t4202 l42623 ls110">Board </span><span class="pp-class-376 pa t4210 l3">on </span><span class="pp-class-376 pa t4210 l30907">1 </span><span class="pp-class-376 pa t4210 l58262 ls103">July </span><span class="pp-class-376 pa t4210 l58263 ls278">2024. </span><span class="pp-class-376 pa t4210 l58264 ls2482">Karina </span><span class="pp-class-376 pa t13694 l3 ls228">Deacon's </span><span class="pp-class-376 pa t13694 l27755 ls144">employment </span><span class="pp-class-376 pa t13701 l3">ended </span><span class="pp-class-376 pa t13701 l58265">31 </span><span class="pp-class-376 pa t13701 l33530 ls913">August </span><span class="pp-class-376 pa t13701 l58266 ls16">2024.</span></p></div></div><div id="pp-id-5265" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58267 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1736">5.3 </span><span class="pp-class-370 pa t21055 l43638 ls134">Share </span><span class="pp-class-370 pa t21055 l58268">based </span><span class="pp-class-370 pa t21055 l58269 ls1323">payment</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45774 l3 ls1323">Long-term </span><span class="pp-class-383 pa t45774 l16258 ls2854">incentives</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45789 l3 ls858">The </span><span class="pp-class-382 pa t45789 l16631 ls2694">decision </span><span class="pp-class-382 pa t45789 l58270 ls1759">to </span><span class="pp-class-382 pa t45789 l58271 ls1194">grant </span><span class="pp-class-382 pa t45789 l27534 ls1077">long-term </span><span class="pp-class-382 pa t45789 l47175 ls728">incentives </span><span class="pp-class-382 pa t45789 l58272 ls1080">is </span><span class="pp-class-382 pa t45789 l58273 ls1772">made </span><span class="pp-class-382 pa t45789 l58274 ls2784">by </span><span class="pp-class-382 pa t45789 l41771 ls1099">the </span><span class="pp-class-382 pa t45789 l58275 ls2784">Board </span><span class="pp-class-382 pa t45789 l58276 ls103">of </span><span class="pp-class-382 pa t45789 l58277 ls2944">Directors </span><span class="pp-class-382 pa t45789 l58278 ls1323">with </span><span class="pp-class-382 pa t45789 l54837 ls852">consideration </span><span class="pp-class-382 pa t45789 l58279 ls1759">to </span><span class="pp-class-382 pa t45789 l58280 ls1080">DFDS' </span><span class="pp-class-382 pa t45805 l3 ls7756">remuneration </span><span class="pp-class-382 pa t45805 l1279 ls2889">policy </span><span class="pp-class-382 pa t45805 l58281 ls185">approved </span><span class="pp-class-382 pa t45805 l58282 ls2784">by </span><span class="pp-class-382 pa t45805 l58283 ls858">the </span><span class="pp-class-382 pa t45805 l58284 ls2486">Annual </span><span class="pp-class-382 pa t45805 l58285 ls1150">General </span><span class="pp-class-382 pa t45805 l58286 ls1271">Meeting. </span><span class="pp-class-382 pa t45805 l45157 ls1323">With </span><span class="pp-class-382 pa t45805 l58287 ls2142">effect </span><span class="pp-class-382 pa t45805 l58288 ls1243">from </span><span class="pp-class-382 pa t45805 l58289 ls1323">2021 </span><span class="pp-class-382 pa t45805 l58290 ls1099">the </span><span class="pp-class-382 pa t45805 l58291 ls1077">long-term </span><span class="pp-class-382 pa t45805 l58292 ls1321">incentives </span><span class="pp-class-382 pa t45963 l3 ls3278">for </span><span class="pp-class-382 pa t45963 l48915 ls858">the </span><span class="pp-class-382 pa t45963 l58293 ls1463">Executive </span><span class="pp-class-382 pa t45963 l58294 ls2784">Board </span><span class="pp-class-382 pa t45963 l58295 ls858">and </span><span class="pp-class-382 pa t45963 l54681 ls1057">key </span><span class="pp-class-382 pa t45963 l58296 ls6007">employees </span><span class="pp-class-382 pa t45963 l58297 ls1237">consist </span><span class="pp-class-382 pa t45963 l58298 ls103">of </span><span class="pp-class-382 pa t45963 l58299 ls1150">two </span><span class="pp-class-382 pa t45963 l58300 ls806">components, </span><span class="pp-class-382 pa t45963 l58301 ls2784">Share </span><span class="pp-class-382 pa t45963 l46131 ls3474">options </span><span class="pp-class-382 pa t45963 l58302 ls858">and </span><span class="pp-class-382 pa t45963 l58303 ls2489">Restricted </span><span class="pp-class-382 pa t45963 l58304 ls728">Share </span><span class="pp-class-382 pa t45817 l3 ls1759">Units </span><span class="pp-class-382 pa t45817 l58305 ls2489">(RSUs) </span><span class="pp-class-382 pa t45817 l58306 ls2784">where </span><span class="pp-class-382 pa t45817 l58307 ls858">the </span><span class="pp-class-382 pa t45817 l46090 ls11799">award </span><span class="pp-class-382 pa t45817 l58308 ls1080">is </span><span class="pp-class-382 pa t45817 l58309 ls1759">split </span><span class="pp-class-382 pa t45817 l3306 ls1759">50/50 </span><span class="pp-class-382 pa t45817 l58310 ls1759">based </span><span class="pp-class-382 pa t45817 l58311 ls1080">on </span><span class="pp-class-382 pa t45817 l58312 ls1083">value </span><span class="pp-class-382 pa t45817 l58313 ls1080">as </span><span class="pp-class-382 pa t45817 l58314 ls1099">per </span><span class="pp-class-382 pa t45817 l58315 ls1194">grant </span><span class="pp-class-382 pa t45817 l54628 ls2688">date. </span><span class="pp-class-382 pa t45817 l58106 ls1080">In </span><span class="pp-class-382 pa t45817 l58316 ls1323">2023 </span><span class="pp-class-382 pa t45817 l58317 ls302">a </span><span class="pp-class-382 pa t45817 l58318 ls1110">further </span><span class="pp-class-382 pa t45817 l58319 ls2784">group </span><span class="pp-class-382 pa t45817 l58320 ls103">of </span><span class="pp-class-382 pa t45817 l58321 ls3458">key </span><span class="pp-class-382 pa t45975 l3 ls6007">employees </span><span class="pp-class-382 pa t45975 l41630 ls2848">were </span><span class="pp-class-382 pa t45975 l58322 ls4305">granted </span><span class="pp-class-382 pa t45975 l51579 ls1077">long-term </span><span class="pp-class-382 pa t45975 l58323 ls728">incentives </span><span class="pp-class-382 pa t45975 l58324 ls1080">in </span><span class="pp-class-382 pa t45975 l58325 ls1099">the </span><span class="pp-class-382 pa t45975 l57873 ls3278">form </span><span class="pp-class-382 pa t45975 l58326 ls103">of </span><span class="pp-class-382 pa t45975 l58327 ls1941">RSUs. </span><span class="pp-class-382 pa t45975 l58328 ls858">All </span><span class="pp-class-382 pa t45975 l45138 ls806">components </span><span class="pp-class-382 pa t45975 l58329 ls960">vest </span><span class="pp-class-382 pa t45975 l58330 ls1080">on </span><span class="pp-class-382 pa t45975 l58331 ls302">a </span><span class="pp-class-382 pa t45975 l58332 ls1316">straight-line </span><span class="pp-class-382 pa t45975 l58333 ls1080">basis </span><span class="pp-class-382 pa t45987 l3 ls2671">over </span><span class="pp-class-382 pa t45987 l58334 ls2784">three </span><span class="pp-class-382 pa t45987 l58335 ls2142">years </span><span class="pp-class-382 pa t45987 l58336 ls1243">from </span><span class="pp-class-382 pa t45987 l17658 ls858">the </span><span class="pp-class-382 pa t45987 l46560 ls852">date </span><span class="pp-class-382 pa t45987 l58337 ls103">of </span><span class="pp-class-382 pa t45987 l57505 ls2854">grant. </span><span class="pp-class-382 pa t45987 l58338 ls1237">Special </span><span class="pp-class-382 pa t45987 l58339 ls819">conditions </span><span class="pp-class-382 pa t45987 l58340 ls7094">apply </span><span class="pp-class-382 pa t45987 l58341 ls2145">regarding </span><span class="pp-class-382 pa t45987 l58342 ls1237">illness </span><span class="pp-class-382 pa t45987 l58343 ls1099">and </span><span class="pp-class-382 pa t45987 l58344 ls2889">death </span><span class="pp-class-382 pa t45987 l58345 ls1099">and </span><span class="pp-class-382 pa t45987 l58346 ls1080">if </span><span class="pp-class-382 pa t45987 l58347 ls1099">the </span><span class="pp-class-382 pa t45987 l58348 ls869">capital </span><span class="pp-class-382 pa t45999 l3 ls1083">structure </span><span class="pp-class-382 pa t45999 l58349 ls103">of </span><span class="pp-class-382 pa t45999 l57620 ls858">the </span><span class="pp-class-382 pa t45999 l58350 ls7096">Parent </span><span class="pp-class-382 pa t45999 l58351 ls2489">company </span><span class="pp-class-382 pa t45999 l58352 ls1080">is </span><span class="pp-class-382 pa t45999 l52567 ls2694">changed. </span><span class="pp-class-382 pa t45999 l58353 ls2784">Share </span><span class="pp-class-382 pa t45999 l40591 ls3474">options </span><span class="pp-class-382 pa t45999 l58354 ls858">and </span><span class="pp-class-382 pa t45999 l58355 ls187">RSUs </span><span class="pp-class-382 pa t45999 l47507 ls4305">granted </span><span class="pp-class-382 pa t45999 l58356 ls1099">can </span><span class="pp-class-382 pa t45999 l58357 ls650">only </span><span class="pp-class-382 pa t45999 l58358 ls1080">be </span><span class="pp-class-382 pa t45999 l58359 ls960">settled </span><span class="pp-class-382 pa t45999 l58360 ls1323">with </span><span class="pp-class-382 pa t45999 l58361 ls1101">shares. </span><span class="pp-class-382 pa t46012 l3 ls302">A </span><span class="pp-class-382 pa t46012 l50649 ls658">part </span><span class="pp-class-382 pa t46012 l58362 ls103">of </span><span class="pp-class-382 pa t46012 l58363 ls1099">the </span><span class="pp-class-382 pa t46012 l58364 ls2842">treasury </span><span class="pp-class-382 pa t46012 l40005 ls1083">shares </span><span class="pp-class-382 pa t46012 l34611 ls1080">is </span><span class="pp-class-382 pa t46012 l58365 ls1974">reserved </span><span class="pp-class-382 pa t46012 l58366 ls3278">for </span><span class="pp-class-382 pa t46012 l26927 ls2970">settling </span><span class="pp-class-382 pa t46012 l58367 ls1099">the </span><span class="pp-class-382 pa t46012 l58368 ls3474">outstanding </span><span class="pp-class-382 pa t46012 l58369 ls2784">share </span><span class="pp-class-382 pa t46012 l58370 ls1271">options, </span><span class="pp-class-382 pa t46012 l58371 ls187">RSUs </span><span class="pp-class-382 pa t46012 l58372 ls858">and </span><span class="pp-class-382 pa t46012 l58373 ls4275">phantom </span><span class="pp-class-382 pa t46012 l58374 ls1083">shares.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t46033 l3 ls2842">Share </span><span class="pp-class-383 pa t46033 l9665 ls1073">options</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55080 l3 ls2784">Share </span><span class="pp-class-382 pa t55080 l58375 ls3474">options </span><span class="pp-class-382 pa t55080 l58376 ls185">have </span><span class="pp-class-382 pa t55080 l55061 ls1323">been </span><span class="pp-class-382 pa t55080 l58377 ls4305">granted </span><span class="pp-class-382 pa t55080 l58378 ls1759">to </span><span class="pp-class-382 pa t55080 l30586 ls858">the </span><span class="pp-class-382 pa t55080 l58379 ls1463">Executive </span><span class="pp-class-382 pa t55080 l58380 ls2784">Board </span><span class="pp-class-382 pa t55080 l58381 ls1099">and </span><span class="pp-class-382 pa t55080 l58382 ls1057">key </span><span class="pp-class-382 pa t55080 l58383 ls852">employees. </span><span class="pp-class-382 pa t55080 l58384 ls8853">Each </span><span class="pp-class-382 pa t55080 l58385 ls2784">share </span><span class="pp-class-382 pa t55080 l58386 ls238">option </span><span class="pp-class-382 pa t55080 l58387 ls2142">gives </span><span class="pp-class-382 pa t55080 l58388 ls302">the </span><span class="pp-class-382 pa t46035 l3 ls2486">holder </span><span class="pp-class-382 pa t46035 l58389 ls103">of </span><span class="pp-class-382 pa t46035 l58390 ls1099">the </span><span class="pp-class-382 pa t46035 l58270 ls238">option </span><span class="pp-class-382 pa t46035 l58391 ls858">the </span><span class="pp-class-382 pa t46035 l58392 ls1305">right </span><span class="pp-class-382 pa t46035 l58393 ls1759">to </span><span class="pp-class-382 pa t46035 l58394 ls1243">acquire </span><span class="pp-class-382 pa t46035 l58395 ls858">one </span><span class="pp-class-382 pa t46035 l58396 ls8853">existing </span><span class="pp-class-382 pa t46035 l58397 ls2784">share </span><span class="pp-class-382 pa t46035 l58398 ls1080">in </span><span class="pp-class-382 pa t46035 l58399 ls858">the </span><span class="pp-class-382 pa t46035 l58400 ls7096">Parent </span><span class="pp-class-382 pa t46035 l58401 ls2489">company </span><span class="pp-class-382 pa t46035 l58402 ls103">of </span><span class="pp-class-382 pa t46035 l58403 ls1237">nominal </span><span class="pp-class-382 pa t46035 l58404 ls1099">DKK </span><span class="pp-class-382 pa t46035 l58405 ls3003">20. </span><span class="pp-class-382 pa t46035 l58406 ls1099">The </span><span class="pp-class-382 pa t46035 l58407 ls728">share </span><span class="pp-class-382 pa t46049 l3 ls238">option </span><span class="pp-class-382 pa t46049 l58408 ls1237">schemes </span><span class="pp-class-382 pa t46049 l58409 ls1759">equal </span><span class="pp-class-382 pa t46049 l58410 ls302">a </span><span class="pp-class-382 pa t46049 l30291 ls1305">right </span><span class="pp-class-382 pa t46049 l58411 ls1759">to </span><span class="pp-class-382 pa t46049 l58412 ls1243">acquire </span><span class="pp-class-382 pa t46049 l58413 ls7694">2.3% </span><span class="pp-class-382 pa t46049 l58414 ls103">of </span><span class="pp-class-382 pa t46049 l58415 ls1099">the </span><span class="pp-class-382 pa t46049 l58416 ls2784">share </span><span class="pp-class-382 pa t46049 l58398 ls806">capital </span><span class="pp-class-382 pa t46049 l58417 ls2486">(2023: </span><span class="pp-class-382 pa t46049 l58418 ls2851">1.9%) </span><span class="pp-class-382 pa t46049 l58419 ls1080">if </span><span class="pp-class-382 pa t46049 l58420 ls858">all </span><span class="pp-class-382 pa t46049 l43643 ls960">remaining </span><span class="pp-class-382 pa t46049 l58421 ls2784">share </span><span class="pp-class-382 pa t46049 l58422 ls187">options </span><span class="pp-class-382 pa t46059 l3 ls800">are </span><span class="pp-class-382 pa t46059 l43707 ls2848">exercised.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46064 l3 ls2784">Share </span><span class="pp-class-382 pa t46064 l58375 ls3474">options </span><span class="pp-class-382 pa t46064 l58376 ls2848">were </span><span class="pp-class-382 pa t46064 l58423 ls4305">granted </span><span class="pp-class-382 pa t46064 l35988 ls1080">in </span><span class="pp-class-382 pa t46064 l58424 ls1073">2016-2020 </span><span class="pp-class-382 pa t46064 l58425 ls1083">at </span><span class="pp-class-382 pa t46064 l58426 ls1080">an </span><span class="pp-class-382 pa t46064 l58427 ls19370">exercise </span><span class="pp-class-382 pa t46064 l58428 ls1759">price </span><span class="pp-class-382 pa t46064 l58429 ls1759">equal </span><span class="pp-class-382 pa t46064 l58430 ls1759">to </span><span class="pp-class-382 pa t46064 l58431 ls858">the </span><span class="pp-class-382 pa t46064 l58432 ls2796">average </span><span class="pp-class-382 pa t46064 l58433 ls2784">share </span><span class="pp-class-382 pa t46064 l58434 ls1759">price </span><span class="pp-class-382 pa t46064 l58435 ls103">of </span><span class="pp-class-382 pa t46064 l58436 ls858">the </span><span class="pp-class-382 pa t46064 l58437 ls4305">Parent </span><span class="pp-class-382 pa t46077 l3 ls2944">company’s </span><span class="pp-class-382 pa t46077 l58438 ls1083">shares </span><span class="pp-class-382 pa t46077 l58439 ls1080">20 </span><span class="pp-class-382 pa t46077 l24070 ls3377">days </span><span class="pp-class-382 pa t46077 l58440 ls800">before </span><span class="pp-class-382 pa t46077 l58441 ls858">the </span><span class="pp-class-382 pa t46077 l7879 ls1194">grant </span><span class="pp-class-382 pa t46077 l58442 ls1323">with </span><span class="pp-class-382 pa t46077 l58443 ls1080">an </span><span class="pp-class-382 pa t46077 l58444 ls1772">addition </span><span class="pp-class-382 pa t46077 l53742 ls103">of </span><span class="pp-class-382 pa t46077 l19220 ls1772">10%. </span><span class="pp-class-382 pa t46077 l58445 ls2784">Share </span><span class="pp-class-382 pa t46077 l58446 ls3474">options </span><span class="pp-class-382 pa t46077 l58447 ls800">are </span><span class="pp-class-382 pa t46077 l58448 ls4305">granted </span><span class="pp-class-382 pa t46077 l58449 ls1080">in </span><span class="pp-class-382 pa t46077 l58450 ls1323">2021 </span><span class="pp-class-382 pa t46077 l58451 ls302">and </span><span class="pp-class-382 pa t55141 l3 ls1150">later </span><span class="pp-class-382 pa t55141 l53313 ls1083">at </span><span class="pp-class-382 pa t55141 l58452 ls1080">an </span><span class="pp-class-382 pa t55141 l58453 ls19370">exercise </span><span class="pp-class-382 pa t55141 l58454 ls1759">price </span><span class="pp-class-382 pa t55141 l58455 ls1759">equal </span><span class="pp-class-382 pa t55141 l58456 ls1759">to </span><span class="pp-class-382 pa t55141 l58457 ls1099">the </span><span class="pp-class-382 pa t55141 l15759 ls2796">average </span><span class="pp-class-382 pa t55141 l58458 ls2784">share </span><span class="pp-class-382 pa t55141 l58459 ls1759">price </span><span class="pp-class-382 pa t55141 l58460 ls103">of </span><span class="pp-class-382 pa t55141 l58461 ls858">the </span><span class="pp-class-382 pa t55141 l58462 ls7096">Parent </span><span class="pp-class-382 pa t55141 l58463 ls2944">company’s </span><span class="pp-class-382 pa t55141 l58464 ls1083">shares </span><span class="pp-class-382 pa t55141 l58465 ls960">five </span><span class="pp-class-382 pa t55141 l58466 ls3377">days </span><span class="pp-class-382 pa t55141 l58467 ls2842">after </span><span class="pp-class-382 pa t55141 l58468 ls302">the </span><span class="pp-class-382 pa t46088 l3 ls1150">release </span><span class="pp-class-382 pa t46088 l4290 ls103">of </span><span class="pp-class-382 pa t46088 l47284 ls858">the </span><span class="pp-class-382 pa t46088 l58469 ls1080">Q4 </span><span class="pp-class-382 pa t46088 l58470 ls2842">report </span><span class="pp-class-382 pa t46088 l58471 ls1323">with </span><span class="pp-class-382 pa t46088 l54349 ls1080">an </span><span class="pp-class-382 pa t46088 l58472 ls1772">addition </span><span class="pp-class-382 pa t46088 l58473 ls103">of </span><span class="pp-class-382 pa t46088 l58474 ls1772">10%.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55164 l3 ls858">The </span><span class="pp-class-382 pa t55164 l16631 ls2784">share </span><span class="pp-class-382 pa t55164 l16157 ls3474">options </span><span class="pp-class-382 pa t55164 l58475 ls858">can </span><span class="pp-class-382 pa t55164 l42945 ls1080">be </span><span class="pp-class-382 pa t55164 l30903 ls2848">exercised </span><span class="pp-class-382 pa t55164 l58476 ls1323">when </span><span class="pp-class-382 pa t55164 l58477 ls302">a </span><span class="pp-class-382 pa t55164 l58478 ls1237">minimum </span><span class="pp-class-382 pa t55164 l58479 ls103">of </span><span class="pp-class-382 pa t55164 l58480 ls2784">three </span><span class="pp-class-382 pa t55164 l58481 ls2142">years </span><span class="pp-class-382 pa t55164 l58482 ls858">and </span><span class="pp-class-382 pa t55164 l58483 ls302">a </span><span class="pp-class-382 pa t55164 l58484 ls1237">maximum </span><span class="pp-class-382 pa t55164 l58485 ls103">of </span><span class="pp-class-382 pa t55164 l58486 ls960">five </span><span class="pp-class-382 pa t55164 l58487 ls2142">years </span><span class="pp-class-382 pa t55164 l58488 ls185">have </span><span class="pp-class-382 pa t55164 l58489 ls858">elapsed </span><span class="pp-class-382 pa t46106 l3 ls1759">since </span><span class="pp-class-382 pa t46106 l58490 ls858">the </span><span class="pp-class-382 pa t46106 l58491 ls1194">grant </span><span class="pp-class-382 pa t46106 l34283 ls1150">dates.</span></p></div></div><div id="pp-id-5266" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58492 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58494 ls230">Executive </span><span class="pp-class-373 pa t58495 l58496 ls241">Board</span><span class="pp-class-373 pa t58497 l58498">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58499 ls2143">Key </span><span class="pp-class-373 pa t58495 l58500 ls1955">employees</span><span class="pp-class-373 pa t58497 l58501">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l58502 ls1868 wtro3159 wtr1293 tro3160 tr1294">Resigned</span><span class="pp-class-373 pa t47616 l58503 ls3554 wtro3159 wtr1293 tro3160 tr1294">Executive</span><span class="pp-class-373 pa t47614 l58504 ls7855 wtro3159 wtr1293 tro3160 tr1294">Board </span><span class="pp-class-373 pa t47614 l58505 ls58506 wtro3159 wtr1293 tro3160 tr1294">mem-</span><span class="pp-class-373 pa t58493 l58507 ls3105 wtro3159 wtr1293 tro3160 tr1294">bers </span><span class="pp-class-373 pa t58493 l58508 ls103 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-373 pa t58495 l58509 ls3310 wtro3159 wtr1293 tro3160 tr1294">employees</span><span class="pp-class-373 pa t58497 l58510 ls2854 wtro3159 wtr1293 tro3160 tr1294">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58497 l58511 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l58512 ls960">Average </span><span class="pp-class-373 pa t47614 l58513 ls2489">exercise</span><span class="pp-class-373 pa t58493 l58514">price </span><span class="pp-class-373 pa t58493 l58515">per </span><span class="pp-class-373 pa t58495 l58516 ls907">option </span><span class="pp-class-373 pa t58497 l58517">DKK</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58518 l42484 ls2835">at </span><span class="pp-class-372 pa t58518 l58519">1 </span><span class="pp-class-372 pa t58518 l18633 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58520 ls30469">417,534</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58521 ls1099">552,807</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58522 ls302">153,263</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58518 l58523 ls1112">1,123,604</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58524 ls650">315.93</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58525 l18276 ls997">between </span><span class="pp-class-372 pa t58525 l58526 ls1005">categories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58527 ls1772">-128,040</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58528 ls2688">-20,442</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58529 ls1083">148,482</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58525 l58530">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58531 ls650">306.61</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l3 ls180">Granted </span><span class="pp-class-372 pa t58532 l58533">during </span><span class="pp-class-372 pa t58532 l58534">the </span><span class="pp-class-372 pa t58532 l58535 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l41789 ls2970">113,932</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58536 ls11558">292,783</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58537">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58532 l58538 ls195">406,715</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58539 ls2760">238.00</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l3 ls671">Expired </span><span class="pp-class-372 pa t58540 l58541">during </span><span class="pp-class-372 pa t58540 l58542">the </span><span class="pp-class-372 pa t58540 l58543 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l16521 ls2970">-63,650</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58544 ls650">-69,669</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58545 ls2149">-69,898</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58540 l58546 ls7694">-203,217</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58547 ls10699">330.72</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58548 l47134">during </span><span class="pp-class-372 pa t58548 l58549">the </span><span class="pp-class-372 pa t58548 l58550 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l56121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l36727">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l58551 ls302">-12,860</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58548 l58552 ls278">-12,860</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l58553">261.25</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l3">Outstanding </span><span class="pp-class-373 pa t58554 l58555 ls1323">at </span><span class="pp-class-373 pa t58554 l58556">31 </span><span class="pp-class-373 pa t58554 l58557">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58558 ls3387">339,776</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58559 ls14357">775,479</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58560 ls238">218,987</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58561 ls180">1,314,242</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58562 ls15062">290.07</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l3 ls3230">Of </span><span class="pp-class-372 pa t58563 l58564 ls2805">this </span><span class="pp-class-372 pa t58563 l58565 ls44116">exercisable </span><span class="pp-class-372 pa t58563 l58566 ls2766">at </span><span class="pp-class-372 pa t58563 l58567 ls8012">the </span><span class="pp-class-372 pa t58563 l58568 ls8012">end </span><span class="pp-class-372 pa t58563 l58569 ls3382">of </span><span class="pp-class-372 pa t58563 l58570 ls8012">the </span><span class="pp-class-372 pa t58563 l58571 ls10676">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58572 ls11799">138,715</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58573 ls2970">266,839</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58574 ls1055">167,595</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58563 l58575 ls1150">573,149</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58576 ls195">310.80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58578"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58579"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58580"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58581"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58582 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58583 l58494 ls230">Executive </span><span class="pp-class-373 pa t58584 l58496 ls241">Board</span><span class="pp-class-373 pa t58585 l58498">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58583 l58499 ls2143">Key </span><span class="pp-class-373 pa t58584 l58500 ls1955">employees</span><span class="pp-class-373 pa t58585 l58501">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58586 l58502 ls1868 wtro3159 wtr1293 tro3160 tr1294">Resigned</span><span class="pp-class-373 pa t58587 l58503 ls3554 wtro3159 wtr1293 tro3160 tr1294">Executive</span><span class="pp-class-373 pa t58588 l58504 ls7855 wtro3159 wtr1293 tro3160 tr1294">Board </span><span class="pp-class-373 pa t58588 l58505 ls58506 wtro3159 wtr1293 tro3160 tr1294">mem-</span><span class="pp-class-373 pa t58583 l58507 ls3105 wtro3159 wtr1293 tro3160 tr1294">bers </span><span class="pp-class-373 pa t58583 l58508 ls103 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-373 pa t58584 l58509 ls3310 wtro3159 wtr1293 tro3160 tr1294">employees</span><span class="pp-class-373 pa t58585 l58510 ls2854 wtro3159 wtr1293 tro3160 tr1294">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58585 l58511 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58587 l58512 ls960">Average </span><span class="pp-class-373 pa t58588 l58513 ls2489">exercise</span><span class="pp-class-373 pa t58583 l58514">price </span><span class="pp-class-373 pa t58583 l58515">per </span><span class="pp-class-373 pa t58584 l58516 ls907">option </span><span class="pp-class-373 pa t58585 l58517">DKK</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58589 l42484 ls2835">at </span><span class="pp-class-372 pa t58589 l58519">1 </span><span class="pp-class-372 pa t58589 l18633 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58590 ls16">412,341</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58591 ls3623">555,590</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58592 ls42711">187,466</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58589 l58593 ls1257">1,155,397</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58594 ls1736">331.76</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58595 l18276 ls997">between </span><span class="pp-class-372 pa t58595 l58526 ls1005">categories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l56121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l58596 ls58">-71,010</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l58597 ls1118">71,010</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58595 l58530">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l58598 ls214">332.84</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l3 ls180">Granted </span><span class="pp-class-372 pa t58599 l58533">during </span><span class="pp-class-372 pa t58599 l58534">the </span><span class="pp-class-372 pa t58599 l58535 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58600 ls656">69,707</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58601 ls2889">128,532</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58537">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58599 l58602 ls278">198,239</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58603 ls858">292.00</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l3 ls671">Expired </span><span class="pp-class-372 pa t58604 l58541">during </span><span class="pp-class-372 pa t58604 l58542">the </span><span class="pp-class-372 pa t58604 l58543 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l24821 ls2486">-49,213</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l58605 ls7729">-57,630</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l58606 ls58">-98,245</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58604 l58607 ls1073">-205,088</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l58608 ls2760">383.00</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58609 l47134">during </span><span class="pp-class-372 pa t58609 l58549">the </span><span class="pp-class-372 pa t58609 l58550 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58610 ls2842">-15,301</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58611 ls4305">-2,675</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58612 ls650">-6,968</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58609 l58613 ls2482">-24,944</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58614 ls4343">374.80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l3">Outstanding </span><span class="pp-class-373 pa t58615 l58555 ls1323">at </span><span class="pp-class-373 pa t58615 l58556">31 </span><span class="pp-class-373 pa t58615 l58557">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58616 ls15767">417,534</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58617 ls2835">552,807</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58618 ls278">153,263</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58523 ls1112">1,123,604</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58619 ls1772">315.93</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l3 ls3230">Of </span><span class="pp-class-372 pa t58620 l58564 ls2805">this </span><span class="pp-class-372 pa t58620 l58565 ls44116">exercisable </span><span class="pp-class-372 pa t58620 l58566 ls2766">at </span><span class="pp-class-372 pa t58620 l58567 ls8012">the </span><span class="pp-class-372 pa t58620 l58568 ls8012">end </span><span class="pp-class-372 pa t58620 l58569 ls3382">of </span><span class="pp-class-372 pa t58620 l58570 ls8012">the </span><span class="pp-class-372 pa t58620 l58571 ls10676">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l58621 ls1073">241,586</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l58622 ls2970">263,939</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l58623 ls3623">135,528</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58620 l58624 ls1252">641,053</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l42850 ls3435">319.30</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58625 l3 ls858">The </span><span class="pp-class-382 pa t58625 l16631 ls2784">share </span><span class="pp-class-382 pa t58625 l16157 ls3474">options </span><span class="pp-class-382 pa t58625 l58475 ls4305">granted </span><span class="pp-class-382 pa t58625 l58626 ls1080">in </span><span class="pp-class-382 pa t58625 l58627 ls1150">2024 </span><span class="pp-class-382 pa t58625 l58628 ls1772">had </span><span class="pp-class-382 pa t58625 l58629 ls302">a </span><span class="pp-class-382 pa t58625 l16520 ls3278">fair </span><span class="pp-class-382 pa t58625 l58630 ls1083">value </span><span class="pp-class-382 pa t58625 l58631 ls103">of </span><span class="pp-class-382 pa t58625 l58632 ls1099">DKK </span><span class="pp-class-382 pa t58625 l58633 ls14041">13.4m </span><span class="pp-class-382 pa t58625 l58634 ls2486">(2023: </span><span class="pp-class-382 pa t58625 l58635 ls858">DKK </span><span class="pp-class-382 pa t58625 l58636 ls864">11.0m), </span><span class="pp-class-382 pa t58625 l58637 ls1759">equal </span><span class="pp-class-382 pa t58625 l58638 ls1759">to </span><span class="pp-class-382 pa t58625 l58639 ls1080">an </span><span class="pp-class-382 pa t58625 l58640 ls2796">average </span><span class="pp-class-382 pa t58625 l58641 ls866">fair </span><span class="pp-class-382 pa t58642 l3 ls1083">value </span><span class="pp-class-382 pa t58642 l1116 ls858">per </span><span class="pp-class-382 pa t58642 l4067 ls238">option </span><span class="pp-class-382 pa t58642 l58643 ls103">of </span><span class="pp-class-382 pa t58642 l58644 ls1099">DKK </span><span class="pp-class-382 pa t58642 l58645 ls18115">33.03 </span><span class="pp-class-382 pa t58642 l58646 ls2486">(2023: </span><span class="pp-class-382 pa t58642 l40566 ls858">DKK </span><span class="pp-class-382 pa t58642 l30840 ls10809">55.59).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58647 l3 ls1080">No </span><span class="pp-class-382 pa t58647 l52939 ls2784">share </span><span class="pp-class-382 pa t58647 l54893 ls3474">options </span><span class="pp-class-382 pa t58647 l43328 ls185">have </span><span class="pp-class-382 pa t58647 l58648 ls1323">been </span><span class="pp-class-382 pa t58647 l13638 ls2848">exercised </span><span class="pp-class-382 pa t58647 l58649 ls2486">during </span><span class="pp-class-382 pa t58647 l58650 ls1150">2024 </span><span class="pp-class-382 pa t58647 l58651 ls2486">(2023: </span><span class="pp-class-382 pa t58647 l58652 ls1323">nil).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58653 l3 ls274 wtro3159 wtr1062 tro3160 tr1063">Vesting </span><span class="pp-class-382 pa t58653 l27612 ls287 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t58653 l58654 ls110 wtro3159 wtr1062 tro3160 tr1063">share </span><span class="pp-class-382 pa t58653 l58655 ls37 wtro3159 wtr1062 tro3160 tr1063">options </span><span class="pp-class-382 pa t58653 l58656 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t58653 l58657 ls1259 wtro3159 wtr1062 tro3160 tr1063">expensed </span><span class="pp-class-382 pa t58653 l58658 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t58653 l58659 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t58653 l14967 wtro3159 wtr1062 tro3160 tr1063">income </span><span class="pp-class-382 pa t58653 l58660 ls78 wtro3159 wtr1062 tro3160 tr1063">statement </span><span class="pp-class-382 pa t58653 l58661 ls43 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t58653 l58662 ls16 wtro3159 wtr1062 tro3160 tr1063">2024 </span><span class="pp-class-382 pa t58653 l58663 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t58653 l58664 wtro3159 wtr1062 tro3160 tr1063">DKK </span><span class="pp-class-382 pa t58653 l58665 ls332 wtro3159 wtr1062 tro3160 tr1063">10m </span><span class="pp-class-382 pa t58653 l58666 ls12 wtro3159 wtr1062 tro3160 tr1063">(2023: </span><span class="pp-class-382 pa t58653 l58667 ls12 wtro3159 wtr1062 tro3160 tr1063">DKK </span><span class="pp-class-382 pa t58653 l58668 ls12 wtro3159 wtr1062 tro3160 tr1063">8m). </span><span class="pp-class-382 pa t58653 l58669 ls12 wtro3159 wtr1062 tro3160 tr1063">The </span><span class="pp-class-382 pa t58670 l3 ls128 wtro3159 wtr1062 tro3160 tr1063">calculated </span><span class="pp-class-382 pa t58670 l58671 ls1005 wtro3159 wtr1062 tro3160 tr1063">fair </span><span class="pp-class-382 pa t58670 l58672 ls138 wtro3159 wtr1062 tro3160 tr1063">values </span><span class="pp-class-382 pa t58670 l58673 ls85 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t58670 l58674 wtro3159 wtr1062 tro3160 tr1063">based </span><span class="pp-class-382 pa t58670 l58675 wtro3159 wtr1062 tro3160 tr1063">on </span><span class="pp-class-382 pa t58670 l58676 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t58670 l58677 ls246 wtro3159 wtr1062 tro3160 tr1063">Black-Scholes </span><span class="pp-class-382 pa t58670 l58678 ls90 wtro3159 wtr1062 tro3160 tr1063">formula </span><span class="pp-class-382 pa t58670 l58679 ls43 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t58670 l58680 wtro3159 wtr1062 tro3160 tr1063">measuring </span><span class="pp-class-382 pa t58670 l58681 ls110 wtro3159 wtr1062 tro3160 tr1063">share </span><span class="pp-class-382 pa t58670 l58682 ls813 wtro3159 wtr1062 tro3160 tr1063">options. </span><span class="pp-class-382 pa t58670 l58683 ls12 wtro3159 wtr1062 tro3160 tr1063">The </span><span class="pp-class-382 pa t58670 l58684 ls105 wtro3159 wtr1062 tro3160 tr1063">outstanding </span><span class="pp-class-382 pa t58685 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">options </span><span class="pp-class-382 pa t58685 l58686 ls1941 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t58685 l9833 ls1941 wtro3159 wtr1724 tro3160 tr1725">31 </span><span class="pp-class-382 pa t58685 l58687 ls5069 wtro3159 wtr1724 tro3160 tr1725">December </span><span class="pp-class-382 pa t58685 l58688 ls864 wtro3159 wtr1724 tro3160 tr1725">2024 </span><span class="pp-class-382 pa t58685 l30176 ls796 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t58685 l58689 ls1941 wtro3159 wtr1724 tro3160 tr1725">an </span><span class="pp-class-382 pa t58685 l58690 ls6100 wtro3159 wtr1724 tro3160 tr1725">average </span><span class="pp-class-382 pa t58685 l58691 ls7096 wtro3159 wtr1724 tro3160 tr1725">weighted </span><span class="pp-class-382 pa t58685 l58692 ls646 wtro3159 wtr1724 tro3160 tr1725">remaining </span><span class="pp-class-382 pa t58685 l58693 ls185 wtro3159 wtr1724 tro3160 tr1725">contractual </span><span class="pp-class-382 pa t58685 l58694 ls1859 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t58685 l58695 ls1073 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t58685 l58696 ls4275 wtro3159 wtr1724 tro3160 tr1725">2.2 </span><span class="pp-class-382 pa t58685 l58697 ls7855 wtro3159 wtr1724 tro3160 tr1725">years </span><span class="pp-class-382 pa t58685 l58698 ls2889 wtro3159 wtr1724 tro3160 tr1725">(2023: </span><span class="pp-class-382 pa t58685 l58699 ls3036 wtro3159 wtr1724 tro3160 tr1725">1.9 </span><span class="pp-class-382 pa t58685 l58700 ls650 wtro3159 wtr1724 tro3160 tr1725">years).</span></p></div></div><table xmlns="http://www.w3.org/1999/xhtml"><tr><td colspan="8" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3 ls96">Assumptions </span><span class="pp-class-372 pa t42302 l28359">concerning </span><span class="pp-class-372 pa t42302 l17075">the </span><span class="pp-class-372 pa t42302 l58705 ls90">calculation </span><span class="pp-class-372 pa t42302 l58706 ls287">of </span><span class="pp-class-372 pa t42302 l58707 ls1005">fair </span><span class="pp-class-372 pa t42302 l58708 ls16">value </span><span class="pp-class-372 pa t42302 l58709 ls2835">at </span><span class="pp-class-372 pa t42302 l41729">time </span><span class="pp-class-372 pa t42302 l58710 ls287">of </span><span class="pp-class-372 pa t42302 l58711 ls198">grant:</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58712 l3 ls5258">Year </span><span class="pp-class-373 pa t58712 l36753">of </span><span class="pp-class-373 pa t58712 l51004 ls671">grant</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58713 l58714 ls931">Exercise </span><span class="pp-class-373 pa t58712 l58715">price</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58716 l58717 ls2835">Market </span><span class="pp-class-373 pa t58713 l58718">price </span><span class="pp-class-373 pa t58713 l58719 ls1323">at </span><span class="pp-class-373 pa t58712 l18350 ls254">grant </span><span class="pp-class-373 pa t58712 l58720 ls1955">date</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58713 l58721 ls287">Expected </span><span class="pp-class-373 pa t58712 l58722 ls658">volatility</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58716 l58723 ls1126">Risk-free </span><span class="pp-class-373 pa t58713 l58724 ls150">interest </span><span class="pp-class-373 pa t58712 l58725 ls830">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l58726 ls287">Expected </span><span class="pp-class-373 pa t58727 l58728">annual</span><span class="pp-class-373 pa t58729 l58730">dividends </span><span class="pp-class-373 pa t58716 l58731">per </span><span class="pp-class-373 pa t58716 l58732 ls112">share </span><span class="pp-class-373 pa t58713 l58733">(DKK) </span><span class="pp-class-373 pa t58713 l58734 ls1323">at </span><span class="pp-class-373 pa t58712 l58735 ls254">grant </span><span class="pp-class-373 pa t58712 l58736 ls1955">date</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58713 l58737 ls287">Expected </span><span class="pp-class-373 pa t58712 l58738">term</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58729 l58739 ls813">Fair </span><span class="pp-class-373 pa t58729 l58740 ls110">value </span><span class="pp-class-373 pa t58716 l58741">per </span><span class="pp-class-373 pa t58716 l58742 ls907">option </span><span class="pp-class-373 pa t58713 l58743 ls1323">at </span><span class="pp-class-373 pa t58713 l58744">time </span><span class="pp-class-373 pa t58713 l58745">of </span><span class="pp-class-373 pa t58712 l58746 ls128">granting</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l3 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58748">238</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58749 ls58750">217.60</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58751 ls2760">33.06%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58752 ls276">2.55%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58753 ls1736">9.33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58754">3 </span><span class="pp-class-372 pa t58747 l58755 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58756 ls2955">33.03</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58758">292</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58759 ls7858">269.40</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l52604 ls2760">38.66%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58760 ls21295">2.79%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58761 ls3102">9.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58754">3 </span><span class="pp-class-372 pa t58757 l58755 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58762 ls3216">55.59</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l3">2022</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58764">344</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l55640 ls1734">307.20 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58765 ls858">34.60%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58766 ls1772">-0.19%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58767 ls1073">12.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58768"/><span class="pp-class-372 pa t58763 l58754">3 </span><span class="pp-class-372 pa t58763 l58755 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58769 ls203">41.38 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l3">2021</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58771">301</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58772 ls1099">271.00 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58773 ls214">34.81%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l55132 ls15062">-0.55%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58774 ls796">6.33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58768"/><span class="pp-class-372 pa t58770 l58754">3 </span><span class="pp-class-372 pa t58770 l58755 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58775 ls858">42.66 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l3">2020</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58777 ls2835">314</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l5669 ls198">262.40 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58778 ls14077">27.27%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58779 ls10699">-0.72%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58761 ls3102">9.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58768"/><span class="pp-class-372 pa t58776 l58754">3 </span><span class="pp-class-372 pa t58776 l58755 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58780 ls195">19.67 </span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t58781 l3 ls858">The </span><span class="pp-class-382 pa t58781 l16631 ls828">expected </span><span class="pp-class-382 pa t58781 l58782 ls1083">volatility </span><span class="pp-class-382 pa t58781 l51619 ls3278">for </span><span class="pp-class-382 pa t58781 l58783 ls1323">2020 </span><span class="pp-class-382 pa t58781 l58784 ls1759">to </span><span class="pp-class-382 pa t58781 l58628 ls1150">2024 </span><span class="pp-class-382 pa t58781 l58785 ls1080">is </span><span class="pp-class-382 pa t58781 l58786 ls1759">based </span><span class="pp-class-382 pa t58781 l58787 ls1080">on </span><span class="pp-class-382 pa t58781 l58788 ls858">the </span><span class="pp-class-382 pa t58781 l58789 ls238">historical </span><span class="pp-class-382 pa t58781 l58790 ls1083">volatility </span><span class="pp-class-382 pa t58781 l58791 ls3278">for </span><span class="pp-class-382 pa t58781 l55996 ls858">the </span><span class="pp-class-382 pa t58781 l58792 ls1323">past </span><span class="pp-class-382 pa t58781 l58793 ls2784">three </span><span class="pp-class-382 pa t58781 l58794 ls2889">years. </span><span class="pp-class-382 pa t58781 l58795 ls858">The </span><span class="pp-class-382 pa t58781 l58796 ls9827">risk-</span><span class="pp-class-382 pa t58797 l3 ls1243">free </span><span class="pp-class-382 pa t58797 l58798 ls2784">interest </span><span class="pp-class-382 pa t58797 l58799 ls3216">rate </span><span class="pp-class-382 pa t58797 l58800 ls1080">is </span><span class="pp-class-382 pa t58797 l58801 ls1759">based </span><span class="pp-class-382 pa t58797 l33913 ls1080">on </span><span class="pp-class-382 pa t58797 l58802 ls2113">three-year </span><span class="pp-class-382 pa t58797 l58803 ls2486">Danish </span><span class="pp-class-382 pa t58797 l32073 ls6007">government </span><span class="pp-class-382 pa t58797 l49908 ls1759">bonds.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t58804 l3 ls806">Restricted </span><span class="pp-class-383 pa t58804 l51479 ls1759">Stock </span><span class="pp-class-383 pa t58804 l58805 ls1759">Units </span><span class="pp-class-383 pa t58804 l54096 ls1073">(RSUs)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t58806 l3 ls187">RSUs </span><span class="pp-class-382 pa t58806 l58807 ls185">have </span><span class="pp-class-382 pa t58806 l58808 ls1323">been </span><span class="pp-class-382 pa t58806 l2917 ls4305">granted </span><span class="pp-class-382 pa t58806 l58809 ls1759">to </span><span class="pp-class-382 pa t58806 l23014 ls858">the </span><span class="pp-class-382 pa t58806 l58810 ls1463">Executive </span><span class="pp-class-382 pa t58806 l58811 ls2784">Board </span><span class="pp-class-382 pa t58806 l58812 ls858">and </span><span class="pp-class-382 pa t58806 l58813 ls1057">key </span><span class="pp-class-382 pa t58806 l58814 ls852">employees. </span><span class="pp-class-382 pa t58806 l58815 ls8853">Each </span><span class="pp-class-382 pa t58806 l58816 ls1323">RSU </span><span class="pp-class-382 pa t58806 l58817 ls2142">gives </span><span class="pp-class-382 pa t58806 l58818 ls858">the </span><span class="pp-class-382 pa t58806 l58819 ls2486">holder </span><span class="pp-class-382 pa t58806 l58820 ls302">a </span><span class="pp-class-382 pa t58806 l58821 ls1305">right </span><span class="pp-class-382 pa t58806 l58822 ls302">to </span><span class="pp-class-382 pa t58823 l3 ls2145">receive </span><span class="pp-class-382 pa t58823 l58824 ls858">one </span><span class="pp-class-382 pa t58823 l29357 ls8853">existing </span><span class="pp-class-382 pa t58823 l58825 ls2784">share </span><span class="pp-class-382 pa t58823 l58826 ls1080">in </span><span class="pp-class-382 pa t58823 l58827 ls858">the </span><span class="pp-class-382 pa t58823 l58828 ls7096">Parent </span><span class="pp-class-382 pa t58823 l58829 ls2489">company </span><span class="pp-class-382 pa t58823 l58830 ls103">of </span><span class="pp-class-382 pa t58823 l58831 ls1237">nominal </span><span class="pp-class-382 pa t58823 l58832 ls1099">DKK </span><span class="pp-class-382 pa t58823 l58833 ls1080">20 </span><span class="pp-class-382 pa t58823 l58834 ls1323">when </span><span class="pp-class-382 pa t58823 l53156 ls1099">the </span><span class="pp-class-382 pa t58823 l58835 ls2113">three-year </span><span class="pp-class-382 pa t58823 l58836 ls728">vesting </span><span class="pp-class-382 pa t58823 l58837 ls2486">period </span><span class="pp-class-382 pa t58823 l58838 ls302">has </span><span class="pp-class-382 pa t58839 l3 ls2694">elapsed. </span><span class="pp-class-382 pa t58839 l45988 ls858">The </span><span class="pp-class-382 pa t58839 l58840 ls187">RSUs </span><span class="pp-class-382 pa t58839 l58841 ls1759">equal </span><span class="pp-class-382 pa t58839 l58842 ls302">a </span><span class="pp-class-382 pa t58839 l35362 ls1305">right </span><span class="pp-class-382 pa t58839 l54492 ls1759">to </span><span class="pp-class-382 pa t58839 l58843 ls2145">receive </span><span class="pp-class-382 pa t58839 l58844 ls2147">0.28% </span><span class="pp-class-382 pa t58839 l58845 ls2486">(2023: </span><span class="pp-class-382 pa t58839 l58846 ls2983">0.17%) </span><span class="pp-class-382 pa t58839 l58847 ls103">of </span><span class="pp-class-382 pa t58839 l58848 ls1099">the </span><span class="pp-class-382 pa t58839 l58849 ls2784">share </span><span class="pp-class-382 pa t58839 l58850 ls806">capital </span><span class="pp-class-382 pa t58839 l58851 ls1080">if </span><span class="pp-class-382 pa t58839 l58852 ls858">all </span><span class="pp-class-382 pa t58839 l58853 ls960">remaining </span><span class="pp-class-382 pa t58839 l58854 ls187">RSUs </span><span class="pp-class-382 pa t58839 l58855 ls2970">are </span><span class="pp-class-382 pa t58856 l3 ls11245">transferred. </span><span class="pp-class-382 pa t58856 l17226 ls2145">Vesting </span><span class="pp-class-382 pa t58856 l58857 ls103">of </span><span class="pp-class-382 pa t58856 l58858 ls187">RSUs </span><span class="pp-class-382 pa t58856 l46811 ls1080">is </span><span class="pp-class-382 pa t58856 l58859 ls8853">expensed </span><span class="pp-class-382 pa t58856 l58860 ls1080">in </span><span class="pp-class-382 pa t58856 l58861 ls858">the </span><span class="pp-class-382 pa t58856 l58862 ls2486">income </span><span class="pp-class-382 pa t58856 l58863 ls1150">statement </span><span class="pp-class-382 pa t58856 l58864 ls3278">for </span><span class="pp-class-382 pa t58856 l49759 ls1150">2024 </span><span class="pp-class-382 pa t58856 l58865 ls1323">with </span><span class="pp-class-382 pa t58856 l36837 ls858">DKK </span><span class="pp-class-382 pa t58856 l58866 ls858">13m </span><span class="pp-class-382 pa t58856 l58867 ls2486">(2023: </span><span class="pp-class-382 pa t58856 l58868 ls1099">DKK </span><span class="pp-class-382 pa t58856 l58869 ls1099">9m).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t58870 l3 ls858">The </span><span class="pp-class-382 pa t58870 l16631 ls2486">number </span><span class="pp-class-382 pa t58870 l42929 ls103">of </span><span class="pp-class-382 pa t58870 l58871 ls187">RSUs </span><span class="pp-class-382 pa t58870 l58872 ls4305">granted </span><span class="pp-class-382 pa t58870 l58873 ls1080">in </span><span class="pp-class-382 pa t58870 l29207 ls1323">2021 </span><span class="pp-class-382 pa t58870 l58874 ls858">and </span><span class="pp-class-382 pa t58870 l16774 ls1150">later </span><span class="pp-class-382 pa t58870 l51046 ls1080">is </span><span class="pp-class-382 pa t58870 l58875 ls1759">based </span><span class="pp-class-382 pa t58870 l58876 ls1080">on </span><span class="pp-class-382 pa t58870 l58877 ls858">the </span><span class="pp-class-382 pa t58870 l58878 ls2796">average </span><span class="pp-class-382 pa t58870 l58879 ls2784">share </span><span class="pp-class-382 pa t58870 l58880 ls1759">price </span><span class="pp-class-382 pa t58870 l58881 ls103">of </span><span class="pp-class-382 pa t58870 l58882 ls858">the </span><span class="pp-class-382 pa t58870 l58883 ls864">Parent </span><span class="pp-class-382 pa t58870 l58884 ls8853">company’s </span><span class="pp-class-382 pa t58885 l3 ls1083">shares </span><span class="pp-class-382 pa t58885 l58886 ls960">five </span><span class="pp-class-382 pa t58885 l30466 ls3377">days </span><span class="pp-class-382 pa t58885 l34035 ls2842">after </span><span class="pp-class-382 pa t58885 l58887 ls858">the </span><span class="pp-class-382 pa t58885 l58888 ls1150">release </span><span class="pp-class-382 pa t58885 l49753 ls103">of </span><span class="pp-class-382 pa t58885 l58889 ls858">the </span><span class="pp-class-382 pa t58885 l58890 ls1080">Q4 </span><span class="pp-class-382 pa t58885 l58891 ls296">report.</span></p><div id="pp-id-5268" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58892 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58893 ls230">Executive </span><span class="pp-class-373 pa t58495 l58894 ls241">Board</span><span class="pp-class-373 pa t58497 l58895">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58896 ls2143">Key </span><span class="pp-class-373 pa t58495 l58897 ls1955">employees</span><span class="pp-class-373 pa t58497 l58898">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l58899">Other </span><span class="pp-class-373 pa t58493 l58900 ls175">managerial</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58495 l58901 ls43">staff</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58497 l58902">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l58903 ls1868 wtro3159 wtr1724 tro3160 tr1725">Resigned</span><span class="pp-class-373 pa t47616 l58904 ls3554 wtro3159 wtr1724 tro3160 tr1725">Executive</span><span class="pp-class-373 pa t47614 l58905 ls7855 wtro3159 wtr1724 tro3160 tr1725">Board </span><span class="pp-class-373 pa t47614 l58906 ls2113 wtro3159 wtr1724 tro3160 tr1725">mem-</span><span class="pp-class-373 pa t58493 l58907 ls3105 wtro3159 wtr1724 tro3160 tr1725">bers </span><span class="pp-class-373 pa t58493 l58908 ls103 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-373 pa t58495 l58909 ls3310 wtro3159 wtr1724 tro3160 tr1725">employees</span><span class="pp-class-373 pa t58497 l58910 ls2854 wtro3159 wtr1724 tro3160 tr1725">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58497 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58518 l42484 ls2835">at </span><span class="pp-class-372 pa t58518 l58519">1 </span><span class="pp-class-372 pa t58518 l18633 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58911 ls2760">29,124</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58912 ls195">49,622</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58913 ls4305">20,207</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58914 ls8265">2,647</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58518 l58915 ls5558">101,600</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58525 l18276 ls997">between </span><span class="pp-class-372 pa t58525 l58526 ls1005">categories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l15936 ls858">-5,112</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58916 ls2842">-3,361</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58917 ls14434">-5,707</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58918 ls110">14,180</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58525 l47248">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l3 ls180">Granted </span><span class="pp-class-372 pa t58532 l58533">during </span><span class="pp-class-372 pa t58532 l58534">the </span><span class="pp-class-372 pa t58532 l58535 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58919 ls58920">17,364</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58921 ls858">44,622</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58922 ls2688">28,307</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58532 l58923 ls58">90,293</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l3 ls103">Vested </span><span class="pp-class-372 pa t58540 l58924">in </span><span class="pp-class-372 pa t58540 l37874">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l27056 ls2854">-8,844</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58925 ls16">-11,312</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58926">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58927 ls858">-2,009</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58540 l58928 ls175">-22,165</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58929 l47134">during </span><span class="pp-class-372 pa t58929 l58549">the </span><span class="pp-class-372 pa t58929 l58550 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58930">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58931">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58926">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58932 ls7729">-7,535</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58929 l58933 ls17717">-7,535</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l3">Outstanding </span><span class="pp-class-373 pa t58934 l58555 ls1323">at </span><span class="pp-class-373 pa t58934 l58556">31 </span><span class="pp-class-373 pa t58934 l58557">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58935 ls274">32,532</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58936 ls2147">79,571</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58937 ls1080">42,807</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58938 ls37002">7,283</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58939 ls175">162,193</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l3 ls1080">Of </span><span class="pp-class-372 pa t58940 l58941 ls1323">this </span><span class="pp-class-372 pa t58940 l16507 ls7858">exercisable </span><span class="pp-class-372 pa t58940 l58942 ls1083">at </span><span class="pp-class-372 pa t58940 l52057 ls858">the </span><span class="pp-class-372 pa t58940 l49880 ls858">end </span><span class="pp-class-372 pa t58940 l58943 ls103">of </span><span class="pp-class-372 pa t58940 l58944 ls858">the </span><span class="pp-class-372 pa t58940 l58945 ls1150">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l58930">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l58931">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l58926">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58940 l47248">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l18201"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l58947"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l50423"/></p></td></tr></table><div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58948 l46689">2023</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58949 l58893 ls230">Executive </span><span class="pp-class-373 pa t58950 l58894 ls241">Board</span><span class="pp-class-373 pa t58951 l58895">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58949 l58896 ls2143">Key </span><span class="pp-class-373 pa t58950 l58897 ls1955">employees</span><span class="pp-class-373 pa t58951 l58898">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58952 l58899">Other </span><span class="pp-class-373 pa t58949 l58900 ls175">managerial</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58950 l58901 ls43">staff</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58951 l58902">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58953 l58954 ls2842 wtro3159 wtr1293 tro3160 tr1294">Resigned</span><span class="pp-class-373 pa t58955 l58956 ls1742 wtro3159 wtr1293 tro3160 tr1294">Executive</span><span class="pp-class-373 pa t58952 l58957 ls1148 wtro3159 wtr1293 tro3160 tr1294">Board </span><span class="pp-class-373 pa t58952 l58958 ls1073 wtro3159 wtr1293 tro3160 tr1294">mem-</span><span class="pp-class-373 pa t58949 l58959 ls3474 wtro3159 wtr1293 tro3160 tr1294">bers </span><span class="pp-class-373 pa t58949 l58960 ls1955 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-373 pa t58950 l58961 ls3230 wtro3159 wtr1293 tro3160 tr1294">employees</span><span class="pp-class-373 pa t58951 l58962 ls1772 wtro3159 wtr1293 tro3160 tr1294">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58951 l37196 ls3158">Total</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58963 l42484 ls2835">at </span><span class="pp-class-372 pa t58963 l58519">1 </span><span class="pp-class-372 pa t58963 l18633 ls1969">January</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58964 ls8622">17,409</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58965 ls3477">24,626</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58926">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58966 ls4305">1,924</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58963 l58967 ls1759">43,959</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58968 l18276 ls997">between </span><span class="pp-class-372 pa t58968 l58526 ls1005">categories</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l58930">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l306 ls203">-1,364</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l58926">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l58969 ls88">1,364</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58968 l47248">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l3 ls180">Granted </span><span class="pp-class-372 pa t58970 l58533">during </span><span class="pp-class-372 pa t58970 l58534">the </span><span class="pp-class-372 pa t58970 l58535 ls124">year</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l40958 ls53">14,600</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l58971 ls650">26,920</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l58972 ls195">20,623</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l48723">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58970 l58973 ls1264">62,143</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58974 l47134">during </span><span class="pp-class-372 pa t58974 l58549">the </span><span class="pp-class-372 pa t58974 l58550 ls124">year</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58975 ls214">-2,885</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58976">-560</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58977 ls332">-416</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58978">-641</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58974 l58979 ls274">-4,502</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l3">Outstanding </span><span class="pp-class-373 pa t58980 l58555 ls1323">at </span><span class="pp-class-373 pa t58980 l58556">31 </span><span class="pp-class-373 pa t58980 l58557">December</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58981 ls296">29,124</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58982 ls646">49,622</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58983 ls5039">20,207</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58984 ls14385">2,647</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58915 ls5558">101,600</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l3 ls1080">Of </span><span class="pp-class-372 pa t58985 l58941 ls1323">this </span><span class="pp-class-372 pa t58985 l16507 ls7858">exercisable </span><span class="pp-class-372 pa t58985 l58942 ls1083">at </span><span class="pp-class-372 pa t58985 l52057 ls858">the </span><span class="pp-class-372 pa t58985 l49880 ls858">end </span><span class="pp-class-372 pa t58985 l58943 ls103">of </span><span class="pp-class-372 pa t58985 l58944 ls858">the </span><span class="pp-class-372 pa t58985 l58945 ls1150">year</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l58930">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l58931">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l58926">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l48723">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58985 l47248">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l3"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l18201"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l58947"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l48692"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l50423"/></p></div></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58987 l3 ls5258">Year </span><span class="pp-class-373 pa t58987 l36753">of </span><span class="pp-class-373 pa t58988 l3 ls671">grant</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58987 l58989 ls287">Expected </span><span class="pp-class-373 pa t58988 l58990">term</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58991 l58992 ls813">Fair </span><span class="pp-class-373 pa t58991 l58993 ls110">value </span><span class="pp-class-373 pa t58994 l21121">per </span><span class="pp-class-373 pa t58994 l58995 ls112">share </span><span class="pp-class-373 pa t58987 l58996 ls1323">at </span><span class="pp-class-373 pa t58987 l58997">time </span><span class="pp-class-373 pa t58987 l58998">of </span><span class="pp-class-373 pa t58988 l58999 ls128">granting</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59000 l3 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59000 l59001">3 </span><span class="pp-class-372 pa t59000 l59002 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59000 l59003 ls742">216.72</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59004 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59004 l59005"/><span class="pp-class-372 pa t59004 l59001">3 </span><span class="pp-class-372 pa t59004 l59002 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59004 l59006 ls1194">265.42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59007 l3">2022</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59007 l59005"/><span class="pp-class-372 pa t59007 l59001">3 </span><span class="pp-class-372 pa t59007 l59002 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59007 l59008 ls214">313.15</span></p></td></tr></table></div></div><div id="pp-id-5246" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1736">5.3 </span><span class="pp-class-370 pa t21055 l43638 ls134">Share </span><span class="pp-class-370 pa t21055 l58268">based </span><span class="pp-class-370 pa t21055 l58269 ls1323">payment</span><span class="pp-class-371 pa t21055 l58703"/><span class="pp-class-371 pa t21055 l58704 ls155">(continued)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45774 l3 ls3630">Employee </span><span class="pp-class-383 pa t45774 l36937 ls53">recognition</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45789 l3 ls1080">In </span><span class="pp-class-382 pa t45789 l43891 ls2694">December </span><span class="pp-class-382 pa t45789 l59010 ls1323">2020 </span><span class="pp-class-382 pa t45789 l59011 ls1080">up </span><span class="pp-class-382 pa t45789 l45023 ls1759">to </span><span class="pp-class-382 pa t45789 l16691 ls1080">50 </span><span class="pp-class-382 pa t45789 l59012 ls1083">shares </span><span class="pp-class-382 pa t45789 l59013 ls1243">free </span><span class="pp-class-382 pa t45789 l17340 ls103">of </span><span class="pp-class-382 pa t45789 l49740 ls1083">charge </span><span class="pp-class-382 pa t45789 l55198 ls2848">were </span><span class="pp-class-382 pa t45789 l59014 ls6791">awarded </span><span class="pp-class-382 pa t45789 l59015 ls1759">to </span><span class="pp-class-382 pa t45789 l59016 ls1772">each </span><span class="pp-class-382 pa t45789 l59017 ls2688">employee. </span><span class="pp-class-382 pa t45789 l59018 ls858">The </span><span class="pp-class-382 pa t45789 l47997 ls1083">shares </span><span class="pp-class-382 pa t45789 l59019 ls185">have </span><span class="pp-class-382 pa t45789 l59020 ls2842">vested </span><span class="pp-class-382 pa t45805 l3 ls2671">over </span><span class="pp-class-382 pa t45805 l58334 ls302">a </span><span class="pp-class-382 pa t45805 l59021 ls2113">three-year </span><span class="pp-class-382 pa t45805 l59022 ls2486">period </span><span class="pp-class-382 pa t45805 l59023 ls1243">from </span><span class="pp-class-382 pa t45805 l59024 ls3572">January </span><span class="pp-class-382 pa t45805 l59025 ls1323">2021 </span><span class="pp-class-382 pa t45805 l59026 ls1759">to </span><span class="pp-class-382 pa t45805 l44524 ls2694">December </span><span class="pp-class-382 pa t45805 l59027 ls1323">2023 </span><span class="pp-class-382 pa t45805 l59028 ls1080">on </span><span class="pp-class-382 pa t45805 l59029 ls302">a </span><span class="pp-class-382 pa t45805 l59030 ls1316">straight-line </span><span class="pp-class-382 pa t45805 l59031 ls2486">basis. </span><span class="pp-class-382 pa t45805 l59032 ls650">Only </span><span class="pp-class-382 pa t45805 l59033 ls960">employees </span><span class="pp-class-382 pa t45963 l3 ls728">working </span><span class="pp-class-382 pa t45963 l59034 ls1150">through </span><span class="pp-class-382 pa t45963 l59035 ls858">the </span><span class="pp-class-382 pa t45963 l59036 ls1323">full </span><span class="pp-class-382 pa t45963 l59037 ls728">vesting </span><span class="pp-class-382 pa t45963 l9942 ls2486">period </span><span class="pp-class-382 pa t45963 l11882 ls2848">were </span><span class="pp-class-382 pa t45963 l59038 ls830">entitled </span><span class="pp-class-382 pa t45963 l59039 ls1759">to </span><span class="pp-class-382 pa t45963 l59040 ls858">the </span><span class="pp-class-382 pa t45963 l59041 ls1101">shares. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45975 l3 ls1736">69,490 </span><span class="pp-class-382 pa t45975 l30136 ls1083">shares </span><span class="pp-class-382 pa t45975 l16255 ls185">have </span><span class="pp-class-382 pa t45975 l59042 ls1323">been </span><span class="pp-class-382 pa t45975 l59043 ls864">transferred </span><span class="pp-class-382 pa t45975 l59044 ls2486">during </span><span class="pp-class-382 pa t45975 l59045 ls1150">2024 </span><span class="pp-class-382 pa t45975 l59046 ls2486">(2023: </span><span class="pp-class-382 pa t45975 l59047 ls17722">37,067 </span><span class="pp-class-382 pa t45975 l59048 ls2944">shares). </span><span class="pp-class-382 pa t45975 l59049 ls2145">Vesting </span><span class="pp-class-382 pa t45975 l59050 ls103">of </span><span class="pp-class-382 pa t45975 l59051 ls1083">shares </span><span class="pp-class-382 pa t45975 l59052 ls3278">for </span><span class="pp-class-382 pa t45975 l59053 ls1150">2024 </span><span class="pp-class-382 pa t45975 l59054 ls1080">is </span><span class="pp-class-382 pa t45975 l59055 ls278">an </span><span class="pp-class-382 pa t45987 l3 ls1150">expense </span><span class="pp-class-382 pa t45987 l59056 ls103">of </span><span class="pp-class-382 pa t45987 l59057 ls858">DKK </span><span class="pp-class-382 pa t45987 l59058 ls1080">3m </span><span class="pp-class-382 pa t45987 l59059 ls2486">(2023: </span><span class="pp-class-382 pa t45987 l58626 ls858">DKK </span><span class="pp-class-382 pa t45987 l59060 ls1323">13m).</span></p><div id="pp-id-5269"><div class="w37192 h59061 pa t2 l3 wtro4 xx29 tro6 xx30"/></div></div></div><div class="pp-class-10" id="pp-id-5272" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx22795 tro6 xx22796"><div id="pp-id-5271"><div class="pp-class-363 pp-class-395" id="pp-id-5270"><div class="w37231 h59062 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls2784">Group </span><span class="pp-class-382 pa t29793 l4002 ls858">has </span><span class="pp-class-382 pa t29793 l44886 ls830">set </span><span class="pp-class-382 pa t29793 l3436 ls1080">up </span><span class="pp-class-382 pa t29793 l28360 ls5069">equity-settled </span><span class="pp-class-382 pa t29793 l50488 ls2784">share </span><span class="pp-class-382 pa t29793 l59063 ls238">option </span><span class="pp-class-382 pa t29793 l17613 ls1759">plans </span><span class="pp-class-382 pa t29793 l59064 ls1099">and </span><span class="pp-class-382 pa t29793 l59065 ls1941">RSUs. </span><span class="pp-class-382 pa t29793 l59066 ls1739">Treasury </span><span class="pp-class-382 pa t29793 l59067 ls1083">shares </span><span class="pp-class-382 pa t29793 l45660 ls800">are </span><span class="pp-class-382 pa t29793 l59068 ls1323">used </span><span class="pp-class-382 pa t29793 l59069 ls3278">for </span><span class="pp-class-382 pa t29793 l59070 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2784">share </span><span class="pp-class-382 pa t29798 l55341 ls238">option </span><span class="pp-class-382 pa t29798 l43245 ls1759">plans </span><span class="pp-class-382 pa t29798 l59071 ls858">and </span><span class="pp-class-382 pa t29798 l59072 ls858">the </span><span class="pp-class-382 pa t29798 l50908 ls1941">RSUs. </span><span class="pp-class-382 pa t29798 l37295 ls858">The </span><span class="pp-class-382 pa t29798 l48872 ls1083">value </span><span class="pp-class-382 pa t29798 l59073 ls103">of </span><span class="pp-class-382 pa t29798 l59074 ls1099">services </span><span class="pp-class-382 pa t29798 l59075 ls3377">received </span><span class="pp-class-382 pa t29798 l59076 ls1080">in </span><span class="pp-class-382 pa t29798 l47977 ls3435">exchange </span><span class="pp-class-382 pa t29798 l59077 ls3278">for </span><span class="pp-class-382 pa t29798 l59078 ls4305">granted </span><span class="pp-class-382 pa t29798 l59079 ls2784">share </span><span class="pp-class-382 pa t29798 l59080 ls1080">based </span><span class="pp-class-382 pa t36806 l3 ls8853">payment </span><span class="pp-class-382 pa t36806 l59081 ls1080">is </span><span class="pp-class-382 pa t36806 l59082 ls8853">measured </span><span class="pp-class-382 pa t36806 l59083 ls1083">at </span><span class="pp-class-382 pa t36806 l36808 ls858">the </span><span class="pp-class-382 pa t36806 l59084 ls3278">fair </span><span class="pp-class-382 pa t36806 l59085 ls1083">value </span><span class="pp-class-382 pa t36806 l42432 ls103">of </span><span class="pp-class-382 pa t36806 l49933 ls858">the </span><span class="pp-class-382 pa t36806 l59086 ls2784">share </span><span class="pp-class-382 pa t36806 l59087 ls1759">based </span><span class="pp-class-382 pa t36806 l59088 ls8853">payment </span><span class="pp-class-382 pa t36806 l59089 ls4305">granted.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29824 l3 ls858">The </span><span class="pp-class-382 pa t29824 l16631 ls5069">equity-settled </span><span class="pp-class-382 pa t29824 l48540 ls2784">share </span><span class="pp-class-382 pa t29824 l59090 ls3474">options </span><span class="pp-class-382 pa t29824 l3383 ls858">and </span><span class="pp-class-382 pa t29824 l43256 ls187">RSUs </span><span class="pp-class-382 pa t29824 l59091 ls800">are </span><span class="pp-class-382 pa t29824 l30894 ls8853">measured </span><span class="pp-class-382 pa t29824 l59092 ls1083">at </span><span class="pp-class-382 pa t29824 l59093 ls858">the </span><span class="pp-class-382 pa t29824 l55238 ls3278">fair </span><span class="pp-class-382 pa t29824 l55425 ls1083">value </span><span class="pp-class-382 pa t29824 l59094 ls1083">at </span><span class="pp-class-382 pa t29824 l59095 ls1194">grant </span><span class="pp-class-382 pa t29824 l59096 ls852">date </span><span class="pp-class-382 pa t29824 l59097 ls302">and </span><span class="pp-class-382 pa t29836 l3 ls2970">recognised </span><span class="pp-class-382 pa t29836 l44565 ls1080">in </span><span class="pp-class-382 pa t29836 l44566 ls858">the </span><span class="pp-class-382 pa t29836 l51266 ls2486">income </span><span class="pp-class-382 pa t29836 l51267 ls1150">statement </span><span class="pp-class-382 pa t29836 l36809 ls1759">under </span><span class="pp-class-382 pa t29836 l59098 ls5039">staff </span><span class="pp-class-382 pa t29836 l59099 ls1759">costs </span><span class="pp-class-382 pa t29836 l41771 ls2671">over </span><span class="pp-class-382 pa t29836 l59100 ls858">the </span><span class="pp-class-382 pa t29836 l54847 ls728">vesting </span><span class="pp-class-382 pa t29836 l59101 ls1237">period. </span><span class="pp-class-382 pa t29836 l55076 ls858">The </span><span class="pp-class-382 pa t29836 l59102 ls4275">counter </span><span class="pp-class-382 pa t29836 l59103 ls1237">posting </span><span class="pp-class-382 pa t29836 l59104 ls278">is </span><span class="pp-class-382 pa t29849 l3 ls2970">recognised </span><span class="pp-class-382 pa t29849 l44565 ls2143">directly </span><span class="pp-class-382 pa t29849 l59105 ls1080">in </span><span class="pp-class-382 pa t29849 l59106 ls2486">equity </span><span class="pp-class-382 pa t29849 l59107 ls1080">as </span><span class="pp-class-382 pa t29849 l59108 ls302">a </span><span class="pp-class-382 pa t29849 l59109 ls2142">shareholder </span><span class="pp-class-382 pa t29849 l59110 ls8853">transaction. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29866 l3 ls10900">At </span><span class="pp-class-382 pa t29866 l49043 ls1237">initial </span><span class="pp-class-382 pa t29866 l49044 ls2142">recognition </span><span class="pp-class-382 pa t29866 l49045 ls103">of </span><span class="pp-class-382 pa t29866 l6146 ls858">the </span><span class="pp-class-382 pa t29866 l59111 ls2784">share </span><span class="pp-class-382 pa t29866 l59112 ls1271">options, </span><span class="pp-class-382 pa t29866 l59113 ls1080">an </span><span class="pp-class-382 pa t29866 l59114 ls2142">estimate </span><span class="pp-class-382 pa t29866 l59115 ls1080">is </span><span class="pp-class-382 pa t29866 l59116 ls1772">made </span><span class="pp-class-382 pa t29866 l59117 ls2671">over </span><span class="pp-class-382 pa t29866 l59118 ls858">the </span><span class="pp-class-382 pa t29866 l59119 ls2486">number </span><span class="pp-class-382 pa t29866 l59120 ls103">of </span><span class="pp-class-382 pa t29866 l59121 ls2784">share </span><span class="pp-class-382 pa t29866 l59122 ls1080">based </span><span class="pp-class-382 pa t36841 l3 ls8853">payment </span><span class="pp-class-382 pa t36841 l59081 ls6360">that </span><span class="pp-class-382 pa t36841 l47193 ls858">the </span><span class="pp-class-382 pa t36841 l59123 ls6007">employees </span><span class="pp-class-382 pa t36841 l59124 ls1323">will </span><span class="pp-class-382 pa t36841 l59125 ls2489">vest, </span><span class="pp-class-382 pa t36841 l59126 ls3387">cf. </span><span class="pp-class-382 pa t36841 l59127 ls858">the </span><span class="pp-class-382 pa t36841 l59128 ls3572">service </span><span class="pp-class-382 pa t36841 l59129 ls819">conditions </span><span class="pp-class-382 pa t36841 l59130 ls1073">described </span><span class="pp-class-382 pa t36841 l59131 ls646">above </span><span class="pp-class-382 pa t36841 l59132 ls1080">in </span><span class="pp-class-382 pa t36841 l56099 ls1323">this </span><span class="pp-class-382 pa t36841 l59133 ls2489">note. </span><span class="pp-class-382 pa t29875 l3 ls806">Subsequent </span><span class="pp-class-382 pa t29875 l59134 ls1759">to </span><span class="pp-class-382 pa t29875 l59135 ls1237">initial </span><span class="pp-class-382 pa t29875 l27969 ls3105">recognition, </span><span class="pp-class-382 pa t29875 l5340 ls858">the </span><span class="pp-class-382 pa t29875 l59136 ls2142">estimate </span><span class="pp-class-382 pa t29875 l59137 ls103">of </span><span class="pp-class-382 pa t29875 l59138 ls2784">share </span><span class="pp-class-382 pa t29875 l59139 ls1759">based </span><span class="pp-class-382 pa t29875 l59140 ls5069">payments </span><span class="pp-class-382 pa t29875 l59141 ls1759">to </span><span class="pp-class-382 pa t29875 l53709 ls1080">be </span><span class="pp-class-382 pa t29875 l59142 ls1244">vested </span><span class="pp-class-382 pa t29875 l59143 ls1080">is </span><span class="pp-class-382 pa t29875 l59144 ls296">adjusted </span><span class="pp-class-382 pa t29878 l3 ls2145">whereby </span><span class="pp-class-382 pa t29878 l59145 ls858">the </span><span class="pp-class-382 pa t29878 l59146 ls2889">total </span><span class="pp-class-382 pa t29878 l59147 ls2142">recognition </span><span class="pp-class-382 pa t29878 l59148 ls1080">is </span><span class="pp-class-382 pa t29878 l59149 ls1759">based </span><span class="pp-class-382 pa t29878 l51896 ls1080">on </span><span class="pp-class-382 pa t29878 l59150 ls858">the </span><span class="pp-class-382 pa t29878 l59151 ls728">actual </span><span class="pp-class-382 pa t29878 l59152 ls2486">number </span><span class="pp-class-382 pa t29878 l59153 ls103">of </span><span class="pp-class-382 pa t29878 l59154 ls1244">vested </span><span class="pp-class-382 pa t29878 l59155 ls2784">share </span><span class="pp-class-382 pa t29878 l50698 ls1759">based </span><span class="pp-class-382 pa t29878 l59156 ls5069">payments.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29902 l3 ls858">The </span><span class="pp-class-382 pa t29902 l16631 ls3278">fair </span><span class="pp-class-382 pa t29902 l57387 ls1083">value </span><span class="pp-class-382 pa t29902 l57388 ls103">of </span><span class="pp-class-382 pa t29902 l57389 ls1099">the </span><span class="pp-class-382 pa t29902 l57390 ls4305">granted </span><span class="pp-class-382 pa t29902 l59157 ls2784">share </span><span class="pp-class-382 pa t29902 l59158 ls3474">options </span><span class="pp-class-382 pa t29902 l59159 ls1080">is </span><span class="pp-class-382 pa t29902 l59160 ls803">calculated </span><span class="pp-class-382 pa t29902 l59161 ls1759">using </span><span class="pp-class-382 pa t29902 l59162 ls858">the </span><span class="pp-class-382 pa t29902 l59163 ls2531">Black-Scholes </span><span class="pp-class-382 pa t29902 l59164 ls1077">option-pricing </span><span class="pp-class-382 pa t36874 l3 ls2486">model. </span><span class="pp-class-382 pa t36874 l59165 ls16997">Terms </span><span class="pp-class-382 pa t36874 l3968 ls858">and </span><span class="pp-class-382 pa t36874 l59166 ls819">conditions </span><span class="pp-class-382 pa t36874 l59167 ls3278">for </span><span class="pp-class-382 pa t36874 l9349 ls1772">each </span><span class="pp-class-382 pa t36874 l59168 ls1194">grant </span><span class="pp-class-382 pa t36874 l59169 ls800">are </span><span class="pp-class-382 pa t36874 l59170 ls2784">taken </span><span class="pp-class-382 pa t36874 l50995 ls3474">into </span><span class="pp-class-382 pa t36874 l59171 ls1859">account </span><span class="pp-class-382 pa t36874 l59172 ls1323">when </span><span class="pp-class-382 pa t36874 l59173 ls688">calculating </span><span class="pp-class-382 pa t36874 l59174 ls1099">the </span><span class="pp-class-382 pa t36874 l59175 ls3278">fair </span><span class="pp-class-382 pa t36874 l59176 ls7855">value.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29920 l3 ls858">The </span><span class="pp-class-382 pa t29920 l16631 ls2784">share </span><span class="pp-class-382 pa t29920 l16157 ls1759">based </span><span class="pp-class-382 pa t29920 l59177 ls8853">payment </span><span class="pp-class-382 pa t29920 l59178 ls7855">programmes </span><span class="pp-class-382 pa t29920 l59179 ls800">are </span><span class="pp-class-382 pa t29920 l59180 ls2970">recognised </span><span class="pp-class-382 pa t29920 l59181 ls1083">at </span><span class="pp-class-382 pa t29920 l59182 ls3278">fair </span><span class="pp-class-382 pa t29920 l59183 ls1083">value </span><span class="pp-class-382 pa t29920 l59184 ls2671">over </span><span class="pp-class-382 pa t29920 l59185 ls858">the </span><span class="pp-class-382 pa t29920 l59186 ls728">vesting </span><span class="pp-class-382 pa t29920 l59187 ls2486">period </span><span class="pp-class-382 pa t29920 l59188 ls302">and </span><span class="pp-class-382 pa t29933 l3 ls8853">expensed </span><span class="pp-class-382 pa t29933 l45275 ls1080">as </span><span class="pp-class-382 pa t29933 l16361 ls5039">staff </span><span class="pp-class-382 pa t29933 l59189 ls1110">cost. </span><span class="pp-class-382 pa t29933 l59190 ls858">The </span><span class="pp-class-382 pa t29933 l24149 ls1772">accrual </span><span class="pp-class-382 pa t29933 l59191 ls1080">is </span><span class="pp-class-382 pa t29933 l59192 ls3435">recorded </span><span class="pp-class-382 pa t29933 l59193 ls1759">under </span><span class="pp-class-382 pa t29933 l59194 ls296">other </span><span class="pp-class-382 pa t29933 l59195 ls1243">payables </span><span class="pp-class-382 pa t29933 l59196 ls1080">or </span><span class="pp-class-382 pa t29933 l59197 ls1080">on </span><span class="pp-class-382 pa t29933 l59198 ls2486">equity </span><span class="pp-class-382 pa t29933 l59199 ls1073">depending </span><span class="pp-class-382 pa t29933 l59200 ls278">on </span><span class="pp-class-382 pa t48298 l3 ls3474">whether </span><span class="pp-class-382 pa t48298 l50859 ls2970">settlement </span><span class="pp-class-382 pa t48298 l57158 ls1080">is </span><span class="pp-class-382 pa t48298 l59201 ls1323">done </span><span class="pp-class-382 pa t48298 l17313 ls1080">in </span><span class="pp-class-382 pa t48298 l59202 ls1323">cash </span><span class="pp-class-382 pa t48298 l59203 ls1080">or </span><span class="pp-class-382 pa t48298 l59204 ls1150">shares, </span><span class="pp-class-382 pa t48298 l59205 ls12399">respectively.</span></p></div></div></div></div></div> <div id="pp-id-5262" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58034 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls4279">5.1 </span><span class="pp-class-370 pa t21055 l43638 ls54991 wtro58035 wtr1293 tro58036 tr1294">Remuneration </span><span class="pp-class-370 pa t21055 l58037 ls14556 wtro58035 wtr1293 tro58036 tr1294">to </span><span class="pp-class-370 pa t21055 l58038 ls18810 wtro58035 wtr1293 tro58036 tr1294">the </span><span class="pp-class-370 pa t21055 l58039 ls58040 wtro58035 wtr1293 tro58036 tr1294">Executive </span><span class="pp-class-370 pa t21055 l58041 ls22671 wtro58035 wtr1293 tro58036 tr1294">Board </span><span class="pp-class-370 pa t21055 l58042 ls18810 wtro58035 wtr1293 tro58036 tr1294">and </span><span class="pp-class-370 pa t21055 l58043 ls22671 wtro58035 wtr1293 tro58036 tr1294">Board </span><span class="pp-class-370 pa t21055 l58044 ls14556 wtro58035 wtr1293 tro58036 tr1294">of </span><span class="pp-class-370 pa t21055 l58045 ls39214 wtro58035 wtr1293 tro58036 tr1294">Directors</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK'000</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l3 ls854">Remuneration </span><span class="pp-class-373 pa t42308 l37877">to </span><span class="pp-class-373 pa t42308 l58046">the </span><span class="pp-class-373 pa t42308 l58047 ls230">Executive </span><span class="pp-class-373 pa t42308 l58048 ls241">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l3 ls1073">Wages </span><span class="pp-class-372 pa t58049 l58050">and </span><span class="pp-class-372 pa t58049 l58051">salaries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l58052 ls2842">13,358</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l58053 ls15093">13,700</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l3">Exit </span><span class="pp-class-372 pa t54127 l48167">cost</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l58054 ls88">2,355</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l3">Bonus</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l58055 ls1298">2,465</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t57261 l58056 ls20054">8,117</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58057 l3 ls2220">Defined </span><span class="pp-class-372 pa t58057 l47083 ls2329">contribution </span><span class="pp-class-372 pa t58057 l17551">pension </span><span class="pp-class-372 pa t58057 l47084">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58057 l58058 ls88">1,336</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58057 l58059 ls864">1,370</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58060 l3 ls110">Share </span><span class="pp-class-372 pa t58060 l3267">based </span><span class="pp-class-372 pa t58060 l47093 ls138">payment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58060 l58061 ls14430">5,771</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58060 l45376 ls3241">5,950</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58062 l3">Other </span><span class="pp-class-372 pa t58062 l8525 ls16">employee </span><span class="pp-class-372 pa t58062 l14292">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58062 l39067 ls134">537</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58062 l42640">459</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58063 l3 ls2459">Total </span><span class="pp-class-373 pa t58063 l29712 ls225">remuneration </span><span class="pp-class-373 pa t58063 l58064">to </span><span class="pp-class-373 pa t58063 l1718">the </span><span class="pp-class-373 pa t58063 l58065 ls230">Executive </span><span class="pp-class-373 pa t58063 l58066 ls241">Board</span><span class="pp-class-389 pa t58063 l58067">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58063 l58068 ls1073">23,467</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58063 l58069 ls124">31,951</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58070 l3 ls2949">Total </span><span class="pp-class-372 pa t58070 l2950 ls2482">remuneration </span><span class="pp-class-372 pa t58070 l58071 ls166">to </span><span class="pp-class-372 pa t58070 l12999">the </span><span class="pp-class-372 pa t58070 l58072 ls931">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58070 l58073 ls276">4,500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58070 l58074 ls276">4,500</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58075 l3 ls2949">Total </span><span class="pp-class-372 pa t58075 l2950 ls2482">remuneration </span><span class="pp-class-372 pa t58075 l58071 ls166">to </span><span class="pp-class-372 pa t58075 l12999">the </span><span class="pp-class-372 pa t58075 l58072 ls254">Audit </span><span class="pp-class-372 pa t58075 l58076 ls913">Committee</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58075 l58077">500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58075 l58078">500</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58079 l3 ls2949">Total </span><span class="pp-class-372 pa t58079 l2950 ls2482">remuneration </span><span class="pp-class-372 pa t58079 l58071 ls166">to </span><span class="pp-class-372 pa t58079 l12999">the </span><span class="pp-class-372 pa t58079 l58072 ls704">Nomination </span><span class="pp-class-372 pa t58079 l58080 ls913">Committee</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58079 l58081">150</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58079 l58082">150</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58083 l3 ls2949">Total </span><span class="pp-class-372 pa t58083 l2950 ls2482">remuneration </span><span class="pp-class-372 pa t58083 l58071 ls166">to </span><span class="pp-class-372 pa t58083 l12999">the </span><span class="pp-class-372 pa t58083 l58072 ls278">Remuneration </span><span class="pp-class-372 pa t58083 l12857 ls913">Committee</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58084 l58081">150</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58084 l58082">150</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58085 l3 ls2459">Total </span><span class="pp-class-373 pa t58085 l29712 ls225">remuneration </span><span class="pp-class-373 pa t58085 l58064">to </span><span class="pp-class-373 pa t58085 l1718">the </span><span class="pp-class-373 pa t58085 l58065 ls112">Board </span><span class="pp-class-373 pa t58085 l58086">of </span><span class="pp-class-373 pa t58085 l58087 ls150">Directors</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58085 l58088 ls1859">5,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58085 l58089 ls1859">5,300</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58090 l3 ls2459">Total </span><span class="pp-class-373 pa t58090 l29712 ls225">remuneration </span><span class="pp-class-373 pa t58090 l58064">to </span><span class="pp-class-373 pa t58090 l1718">the </span><span class="pp-class-373 pa t58090 l58065 ls230">Executive </span><span class="pp-class-373 pa t58090 l58066 ls112">Board </span><span class="pp-class-373 pa t58090 l58091">and </span><span class="pp-class-373 pa t58090 l58092 ls112">Board </span><span class="pp-class-373 pa t58090 l58093">of </span><span class="pp-class-373 pa t58090 l58094 ls150">Directors</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58090 l58095 ls4819">28,767</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58090 l58096 ls1952">37,251</span></p></td></tr></table></div></div><div id="pp-id-5263" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h45192 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30568 l3 ls858">The </span><span class="pp-class-382 pa t30568 l16631 ls728">termination </span><span class="pp-class-382 pa t30568 l58097 ls2486">period </span><span class="pp-class-382 pa t30568 l58098 ls3278">for </span><span class="pp-class-382 pa t30568 l58099 ls858">the </span><span class="pp-class-382 pa t30568 l58100 ls1463">Executive </span><span class="pp-class-382 pa t30568 l58101 ls2784">Board </span><span class="pp-class-382 pa t30568 l45096 ls1080">is </span><span class="pp-class-382 pa t30568 l58102 ls1080">12 </span><span class="pp-class-382 pa t30568 l58103 ls1118">months. </span><span class="pp-class-382 pa t30568 l58104 ls10900">Further, </span><span class="pp-class-382 pa t30568 l19261 ls858">the </span><span class="pp-class-382 pa t30568 l58105 ls1099">CEO </span><span class="pp-class-382 pa t30568 l58106 ls858">has </span><span class="pp-class-382 pa t30568 l58107 ls1772">additional </span><span class="pp-class-382 pa t30568 l54313 ls1080">12 </span><span class="pp-class-382 pa t30568 l58108 ls1099">months </span><span class="pp-class-382 pa t30575 l3 ls828">redundancy </span><span class="pp-class-382 pa t30575 l58109 ls1101">payment. </span><span class="pp-class-382 pa t30575 l58110 ls1080">In </span><span class="pp-class-382 pa t30575 l6151 ls1271">connection </span><span class="pp-class-382 pa t30575 l58111 ls1323">with </span><span class="pp-class-382 pa t30575 l58112 ls302">a </span><span class="pp-class-382 pa t30575 l58113 ls2486">change </span><span class="pp-class-382 pa t30575 l58114 ls103">of </span><span class="pp-class-382 pa t30575 l58115 ls852">control </span><span class="pp-class-382 pa t30575 l58116 ls103">of </span><span class="pp-class-382 pa t30575 l44697 ls1099">the </span><span class="pp-class-382 pa t30575 l58117 ls2149">Group, </span><span class="pp-class-382 pa t30575 l58118 ls1099">the </span><span class="pp-class-382 pa t30575 l58119 ls1237">members </span><span class="pp-class-382 pa t30575 l58120 ls103">of </span><span class="pp-class-382 pa t30575 l55417 ls1099">the </span><span class="pp-class-382 pa t30575 l58121 ls852">Executive </span><span class="pp-class-382 pa t30583 l3 ls2784">Board </span><span class="pp-class-382 pa t30583 l58122 ls858">can </span><span class="pp-class-382 pa t30583 l42469 ls302">– </span><span class="pp-class-382 pa t30583 l58123 ls2486">within </span><span class="pp-class-382 pa t30583 l58124 ls858">the </span><span class="pp-class-382 pa t30583 l58125 ls1759">first </span><span class="pp-class-382 pa t30583 l58126 ls302">3 </span><span class="pp-class-382 pa t30583 l58127 ls1073">months </span><span class="pp-class-382 pa t30583 l58128 ls103">of </span><span class="pp-class-382 pa t30583 l58129 ls858">the </span><span class="pp-class-382 pa t30583 l58130 ls9967">event </span><span class="pp-class-382 pa t30583 l58131">- </span><span class="pp-class-382 pa t30583 l58132 ls2854">terminate </span><span class="pp-class-382 pa t30583 l58133 ls1759">their </span><span class="pp-class-382 pa t30583 l58134 ls728">employment </span><span class="pp-class-382 pa t30583 l58135 ls1323">with </span><span class="pp-class-382 pa t30583 l58136 ls1099">the </span><span class="pp-class-382 pa t30583 l58137 ls1323">same </span><span class="pp-class-382 pa t30583 l58138 ls2142">effect </span><span class="pp-class-382 pa t30583 l58139 ls1080">as </span><span class="pp-class-382 pa t30583 l58140 ls1080">if </span><span class="pp-class-382 pa t30583 l58141 ls302">the </span><span class="pp-class-382 pa t30588 l3 ls2489">Company </span><span class="pp-class-382 pa t30588 l58142 ls1772">had </span><span class="pp-class-382 pa t30588 l58143 ls2142">given </span><span class="pp-class-382 pa t30588 l16798 ls238">notice </span><span class="pp-class-382 pa t30588 l58144 ls103">of </span><span class="pp-class-382 pa t30588 l56669 ls728">termination </span><span class="pp-class-382 pa t30588 l41445 ls103">of </span><span class="pp-class-382 pa t30588 l58145 ls728">employment </span><span class="pp-class-382 pa t30588 l58146 ls1759">to </span><span class="pp-class-382 pa t30588 l58147 ls858">the </span><span class="pp-class-382 pa t30588 l58148 ls1463">Executive </span><span class="pp-class-382 pa t30588 l58149 ls1083">Board. </span><span class="pp-class-382 pa t30588 l58150 ls14385">Key </span><span class="pp-class-382 pa t30588 l58151 ls53">management </span><span class="pp-class-382 pa t30588 l58152 ls1323">personnel </span><span class="pp-class-382 pa t30593 l3 ls1080">is </span><span class="pp-class-382 pa t30593 l46558 ls1305">defined </span><span class="pp-class-382 pa t30593 l39866 ls1080">as </span><span class="pp-class-382 pa t30593 l58153 ls858">the </span><span class="pp-class-382 pa t30593 l58154 ls1463">Executive </span><span class="pp-class-382 pa t30593 l58155 ls2784">Board </span><span class="pp-class-382 pa t30593 l58156 ls819">consisting </span><span class="pp-class-382 pa t30593 l58157 ls103">of </span><span class="pp-class-382 pa t30593 l58158 ls1099">CEO </span><span class="pp-class-382 pa t30593 l58159 ls41173">Torben </span><span class="pp-class-382 pa t30593 l58160 ls1237">Carlsen </span><span class="pp-class-382 pa t30593 l46073 ls1099">and </span><span class="pp-class-382 pa t30593 l58161 ls99">CFO </span><span class="pp-class-382 pa t30593 l58162 ls3024">Karen </span><span class="pp-class-382 pa t30593 l58163 ls1941">Dyrskjøt </span><span class="pp-class-382 pa t30593 l58164 ls2486">Boesen </span><span class="pp-class-382 pa t30593 l58165 ls1148">(Karina </span><span class="pp-class-382 pa t30606 l3 ls1772">Deacon </span><span class="pp-class-382 pa t30606 l43887 ls1305">until </span><span class="pp-class-382 pa t30606 l17214 ls1080">30 </span><span class="pp-class-382 pa t30606 l58166 ls1323">June </span><span class="pp-class-382 pa t30606 l58167 ls2854">2024).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30622 l3 ls3623">Remuneration </span><span class="pp-class-382 pa t30622 l58168 ls1759">to </span><span class="pp-class-382 pa t30622 l58169 ls858">the </span><span class="pp-class-382 pa t30622 l58170 ls1759">chair </span><span class="pp-class-382 pa t30622 l58171 ls103">of </span><span class="pp-class-382 pa t30622 l58172 ls858">the </span><span class="pp-class-382 pa t30622 l58173 ls728">Audit </span><span class="pp-class-382 pa t30622 l58174 ls803">Committee </span><span class="pp-class-382 pa t30622 l58175 ls1080">is </span><span class="pp-class-382 pa t30622 l58176 ls858">DKK </span><span class="pp-class-382 pa t30622 l58177 ls1323">250k </span><span class="pp-class-382 pa t30622 l58178 ls1099">per </span><span class="pp-class-382 pa t30622 l58179 ls960">year </span><span class="pp-class-382 pa t30622 l58180 ls2486">(2023: </span><span class="pp-class-382 pa t30622 l58181 ls858">DKK </span><span class="pp-class-382 pa t30622 l58182 ls1759">250k) </span><span class="pp-class-382 pa t30622 l58183 ls858">and </span><span class="pp-class-382 pa t30622 l58184 ls7756">remuneration </span><span class="pp-class-382 pa t30622 l58185 ls302">to </span><span class="pp-class-382 pa t30628 l3 ls296">other </span><span class="pp-class-382 pa t30628 l43926 ls1237">members </span><span class="pp-class-382 pa t30628 l58186 ls103">of </span><span class="pp-class-382 pa t30628 l58187 ls1099">the </span><span class="pp-class-382 pa t30628 l26305 ls728">Audit </span><span class="pp-class-382 pa t30628 l51548 ls803">Committee </span><span class="pp-class-382 pa t30628 l58188 ls1080">is </span><span class="pp-class-382 pa t30628 l58189 ls858">DKK </span><span class="pp-class-382 pa t30628 l58190 ls1323">125k </span><span class="pp-class-382 pa t30628 l58191 ls1099">per </span><span class="pp-class-382 pa t30628 l58192 ls960">year </span><span class="pp-class-382 pa t30628 l53831 ls2486">(2023: </span><span class="pp-class-382 pa t30628 l58193 ls858">DKK </span><span class="pp-class-382 pa t30628 l51500 ls1759">125k) </span><span class="pp-class-382 pa t30628 l58194 ls1772">each. </span><span class="pp-class-382 pa t30628 l58195 ls3623">Remuneration </span><span class="pp-class-382 pa t30628 l58196 ls1759">to </span><span class="pp-class-382 pa t30628 l58197 ls1772">each </span><span class="pp-class-382 pa t30628 l58198 ls134">of </span><span class="pp-class-382 pa t30634 l3 ls858">the </span><span class="pp-class-382 pa t30634 l43824 ls2784">three </span><span class="pp-class-382 pa t30634 l45921 ls1237">members </span><span class="pp-class-382 pa t30634 l58199 ls103">of </span><span class="pp-class-382 pa t30634 l58200 ls858">the </span><span class="pp-class-382 pa t30634 l35730 ls3623">Remuneration </span><span class="pp-class-382 pa t30634 l58201 ls858">and </span><span class="pp-class-382 pa t30634 l45809 ls688">Nomination </span><span class="pp-class-382 pa t30634 l3255 ls803">Committee </span><span class="pp-class-382 pa t30634 l58202 ls1080">is </span><span class="pp-class-382 pa t30634 l58203 ls1099">DKK </span><span class="pp-class-382 pa t30634 l18793 ls1772">100k </span><span class="pp-class-382 pa t30634 l58204 ls1099">per </span><span class="pp-class-382 pa t30634 l58205 ls960">year </span><span class="pp-class-382 pa t30634 l58206 ls2486">(2023: </span><span class="pp-class-382 pa t30634 l58207 ls858">DKK </span><span class="pp-class-382 pa t30634 l58208 ls1772">100k).</span></p></div></div><div class="pp-class-10" id="pp-id-5123" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls2842">Karen </span><span class="pp-class-376 pa t3433 l58256 ls980">Dyrskjøt </span><span class="pp-class-376 pa t3433 l58257">Boesen </span><span class="pp-class-376 pa t3439 l3">joined </span><span class="pp-class-376 pa t3439 l58258">the </span><span class="pp-class-376 pa t3439 l58259 ls110">Group </span><span class="pp-class-376 pa t3439 l58260">as </span><span class="pp-class-376 pa t3445 l3 ls2329">CFO </span><span class="pp-class-376 pa t3445 l58261">and </span><span class="pp-class-376 pa t3445 l19078">member </span><span class="pp-class-376 pa t3445 l10334 ls287">of </span><span class="pp-class-376 pa t4202 l3">the </span><span class="pp-class-376 pa t4202 l16246 ls897">Executive </span><span class="pp-class-376 pa t4202 l42623 ls110">Board </span><span class="pp-class-376 pa t4210 l3">on </span><span class="pp-class-376 pa t4210 l30907">1 </span><span class="pp-class-376 pa t4210 l58262 ls103">July </span><span class="pp-class-376 pa t4210 l58263 ls278">2024. </span><span class="pp-class-376 pa t4210 l58264 ls2482">Karina </span><span class="pp-class-376 pa t13694 l3 ls228">Deacon's </span><span class="pp-class-376 pa t13694 l27755 ls144">employment </span><span class="pp-class-376 pa t13701 l3">ended </span><span class="pp-class-376 pa t13701 l58265">31 </span><span class="pp-class-376 pa t13701 l33530 ls913">August </span><span class="pp-class-376 pa t13701 l58266 ls16">2024.</span></p></div></div><div id="pp-id-5265" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58267 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1736">5.3 </span><span class="pp-class-370 pa t21055 l43638 ls134">Share </span><span class="pp-class-370 pa t21055 l58268">based </span><span class="pp-class-370 pa t21055 l58269 ls1323">payment</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45774 l3 ls1323">Long-term </span><span class="pp-class-383 pa t45774 l16258 ls2854">incentives</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45789 l3 ls858">The </span><span class="pp-class-382 pa t45789 l16631 ls2694">decision </span><span class="pp-class-382 pa t45789 l58270 ls1759">to </span><span class="pp-class-382 pa t45789 l58271 ls1194">grant </span><span class="pp-class-382 pa t45789 l27534 ls1077">long-term </span><span class="pp-class-382 pa t45789 l47175 ls728">incentives </span><span class="pp-class-382 pa t45789 l58272 ls1080">is </span><span class="pp-class-382 pa t45789 l58273 ls1772">made </span><span class="pp-class-382 pa t45789 l58274 ls2784">by </span><span class="pp-class-382 pa t45789 l41771 ls1099">the </span><span class="pp-class-382 pa t45789 l58275 ls2784">Board </span><span class="pp-class-382 pa t45789 l58276 ls103">of </span><span class="pp-class-382 pa t45789 l58277 ls2944">Directors </span><span class="pp-class-382 pa t45789 l58278 ls1323">with </span><span class="pp-class-382 pa t45789 l54837 ls852">consideration </span><span class="pp-class-382 pa t45789 l58279 ls1759">to </span><span class="pp-class-382 pa t45789 l58280 ls1080">DFDS' </span><span class="pp-class-382 pa t45805 l3 ls7756">remuneration </span><span class="pp-class-382 pa t45805 l1279 ls2889">policy </span><span class="pp-class-382 pa t45805 l58281 ls185">approved </span><span class="pp-class-382 pa t45805 l58282 ls2784">by </span><span class="pp-class-382 pa t45805 l58283 ls858">the </span><span class="pp-class-382 pa t45805 l58284 ls2486">Annual </span><span class="pp-class-382 pa t45805 l58285 ls1150">General </span><span class="pp-class-382 pa t45805 l58286 ls1271">Meeting. </span><span class="pp-class-382 pa t45805 l45157 ls1323">With </span><span class="pp-class-382 pa t45805 l58287 ls2142">effect </span><span class="pp-class-382 pa t45805 l58288 ls1243">from </span><span class="pp-class-382 pa t45805 l58289 ls1323">2021 </span><span class="pp-class-382 pa t45805 l58290 ls1099">the </span><span class="pp-class-382 pa t45805 l58291 ls1077">long-term </span><span class="pp-class-382 pa t45805 l58292 ls1321">incentives </span><span class="pp-class-382 pa t45963 l3 ls3278">for </span><span class="pp-class-382 pa t45963 l48915 ls858">the </span><span class="pp-class-382 pa t45963 l58293 ls1463">Executive </span><span class="pp-class-382 pa t45963 l58294 ls2784">Board </span><span class="pp-class-382 pa t45963 l58295 ls858">and </span><span class="pp-class-382 pa t45963 l54681 ls1057">key </span><span class="pp-class-382 pa t45963 l58296 ls6007">employees </span><span class="pp-class-382 pa t45963 l58297 ls1237">consist </span><span class="pp-class-382 pa t45963 l58298 ls103">of </span><span class="pp-class-382 pa t45963 l58299 ls1150">two </span><span class="pp-class-382 pa t45963 l58300 ls806">components, </span><span class="pp-class-382 pa t45963 l58301 ls2784">Share </span><span class="pp-class-382 pa t45963 l46131 ls3474">options </span><span class="pp-class-382 pa t45963 l58302 ls858">and </span><span class="pp-class-382 pa t45963 l58303 ls2489">Restricted </span><span class="pp-class-382 pa t45963 l58304 ls728">Share </span><span class="pp-class-382 pa t45817 l3 ls1759">Units </span><span class="pp-class-382 pa t45817 l58305 ls2489">(RSUs) </span><span class="pp-class-382 pa t45817 l58306 ls2784">where </span><span class="pp-class-382 pa t45817 l58307 ls858">the </span><span class="pp-class-382 pa t45817 l46090 ls11799">award </span><span class="pp-class-382 pa t45817 l58308 ls1080">is </span><span class="pp-class-382 pa t45817 l58309 ls1759">split </span><span class="pp-class-382 pa t45817 l3306 ls1759">50/50 </span><span class="pp-class-382 pa t45817 l58310 ls1759">based </span><span class="pp-class-382 pa t45817 l58311 ls1080">on </span><span class="pp-class-382 pa t45817 l58312 ls1083">value </span><span class="pp-class-382 pa t45817 l58313 ls1080">as </span><span class="pp-class-382 pa t45817 l58314 ls1099">per </span><span class="pp-class-382 pa t45817 l58315 ls1194">grant </span><span class="pp-class-382 pa t45817 l54628 ls2688">date. </span><span class="pp-class-382 pa t45817 l58106 ls1080">In </span><span class="pp-class-382 pa t45817 l58316 ls1323">2023 </span><span class="pp-class-382 pa t45817 l58317 ls302">a </span><span class="pp-class-382 pa t45817 l58318 ls1110">further </span><span class="pp-class-382 pa t45817 l58319 ls2784">group </span><span class="pp-class-382 pa t45817 l58320 ls103">of </span><span class="pp-class-382 pa t45817 l58321 ls3458">key </span><span class="pp-class-382 pa t45975 l3 ls6007">employees </span><span class="pp-class-382 pa t45975 l41630 ls2848">were </span><span class="pp-class-382 pa t45975 l58322 ls4305">granted </span><span class="pp-class-382 pa t45975 l51579 ls1077">long-term </span><span class="pp-class-382 pa t45975 l58323 ls728">incentives </span><span class="pp-class-382 pa t45975 l58324 ls1080">in </span><span class="pp-class-382 pa t45975 l58325 ls1099">the </span><span class="pp-class-382 pa t45975 l57873 ls3278">form </span><span class="pp-class-382 pa t45975 l58326 ls103">of </span><span class="pp-class-382 pa t45975 l58327 ls1941">RSUs. </span><span class="pp-class-382 pa t45975 l58328 ls858">All </span><span class="pp-class-382 pa t45975 l45138 ls806">components </span><span class="pp-class-382 pa t45975 l58329 ls960">vest </span><span class="pp-class-382 pa t45975 l58330 ls1080">on </span><span class="pp-class-382 pa t45975 l58331 ls302">a </span><span class="pp-class-382 pa t45975 l58332 ls1316">straight-line </span><span class="pp-class-382 pa t45975 l58333 ls1080">basis </span><span class="pp-class-382 pa t45987 l3 ls2671">over </span><span class="pp-class-382 pa t45987 l58334 ls2784">three </span><span class="pp-class-382 pa t45987 l58335 ls2142">years </span><span class="pp-class-382 pa t45987 l58336 ls1243">from </span><span class="pp-class-382 pa t45987 l17658 ls858">the </span><span class="pp-class-382 pa t45987 l46560 ls852">date </span><span class="pp-class-382 pa t45987 l58337 ls103">of </span><span class="pp-class-382 pa t45987 l57505 ls2854">grant. </span><span class="pp-class-382 pa t45987 l58338 ls1237">Special </span><span class="pp-class-382 pa t45987 l58339 ls819">conditions </span><span class="pp-class-382 pa t45987 l58340 ls7094">apply </span><span class="pp-class-382 pa t45987 l58341 ls2145">regarding </span><span class="pp-class-382 pa t45987 l58342 ls1237">illness </span><span class="pp-class-382 pa t45987 l58343 ls1099">and </span><span class="pp-class-382 pa t45987 l58344 ls2889">death </span><span class="pp-class-382 pa t45987 l58345 ls1099">and </span><span class="pp-class-382 pa t45987 l58346 ls1080">if </span><span class="pp-class-382 pa t45987 l58347 ls1099">the </span><span class="pp-class-382 pa t45987 l58348 ls869">capital </span><span class="pp-class-382 pa t45999 l3 ls1083">structure </span><span class="pp-class-382 pa t45999 l58349 ls103">of </span><span class="pp-class-382 pa t45999 l57620 ls858">the </span><span class="pp-class-382 pa t45999 l58350 ls7096">Parent </span><span class="pp-class-382 pa t45999 l58351 ls2489">company </span><span class="pp-class-382 pa t45999 l58352 ls1080">is </span><span class="pp-class-382 pa t45999 l52567 ls2694">changed. </span><span class="pp-class-382 pa t45999 l58353 ls2784">Share </span><span class="pp-class-382 pa t45999 l40591 ls3474">options </span><span class="pp-class-382 pa t45999 l58354 ls858">and </span><span class="pp-class-382 pa t45999 l58355 ls187">RSUs </span><span class="pp-class-382 pa t45999 l47507 ls4305">granted </span><span class="pp-class-382 pa t45999 l58356 ls1099">can </span><span class="pp-class-382 pa t45999 l58357 ls650">only </span><span class="pp-class-382 pa t45999 l58358 ls1080">be </span><span class="pp-class-382 pa t45999 l58359 ls960">settled </span><span class="pp-class-382 pa t45999 l58360 ls1323">with </span><span class="pp-class-382 pa t45999 l58361 ls1101">shares. </span><span class="pp-class-382 pa t46012 l3 ls302">A </span><span class="pp-class-382 pa t46012 l50649 ls658">part </span><span class="pp-class-382 pa t46012 l58362 ls103">of </span><span class="pp-class-382 pa t46012 l58363 ls1099">the </span><span class="pp-class-382 pa t46012 l58364 ls2842">treasury </span><span class="pp-class-382 pa t46012 l40005 ls1083">shares </span><span class="pp-class-382 pa t46012 l34611 ls1080">is </span><span class="pp-class-382 pa t46012 l58365 ls1974">reserved </span><span class="pp-class-382 pa t46012 l58366 ls3278">for </span><span class="pp-class-382 pa t46012 l26927 ls2970">settling </span><span class="pp-class-382 pa t46012 l58367 ls1099">the </span><span class="pp-class-382 pa t46012 l58368 ls3474">outstanding </span><span class="pp-class-382 pa t46012 l58369 ls2784">share </span><span class="pp-class-382 pa t46012 l58370 ls1271">options, </span><span class="pp-class-382 pa t46012 l58371 ls187">RSUs </span><span class="pp-class-382 pa t46012 l58372 ls858">and </span><span class="pp-class-382 pa t46012 l58373 ls4275">phantom </span><span class="pp-class-382 pa t46012 l58374 ls1083">shares.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t46033 l3 ls2842">Share </span><span class="pp-class-383 pa t46033 l9665 ls1073">options</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55080 l3 ls2784">Share </span><span class="pp-class-382 pa t55080 l58375 ls3474">options </span><span class="pp-class-382 pa t55080 l58376 ls185">have </span><span class="pp-class-382 pa t55080 l55061 ls1323">been </span><span class="pp-class-382 pa t55080 l58377 ls4305">granted </span><span class="pp-class-382 pa t55080 l58378 ls1759">to </span><span class="pp-class-382 pa t55080 l30586 ls858">the </span><span class="pp-class-382 pa t55080 l58379 ls1463">Executive </span><span class="pp-class-382 pa t55080 l58380 ls2784">Board </span><span class="pp-class-382 pa t55080 l58381 ls1099">and </span><span class="pp-class-382 pa t55080 l58382 ls1057">key </span><span class="pp-class-382 pa t55080 l58383 ls852">employees. </span><span class="pp-class-382 pa t55080 l58384 ls8853">Each </span><span class="pp-class-382 pa t55080 l58385 ls2784">share </span><span class="pp-class-382 pa t55080 l58386 ls238">option </span><span class="pp-class-382 pa t55080 l58387 ls2142">gives </span><span class="pp-class-382 pa t55080 l58388 ls302">the </span><span class="pp-class-382 pa t46035 l3 ls2486">holder </span><span class="pp-class-382 pa t46035 l58389 ls103">of </span><span class="pp-class-382 pa t46035 l58390 ls1099">the </span><span class="pp-class-382 pa t46035 l58270 ls238">option </span><span class="pp-class-382 pa t46035 l58391 ls858">the </span><span class="pp-class-382 pa t46035 l58392 ls1305">right </span><span class="pp-class-382 pa t46035 l58393 ls1759">to </span><span class="pp-class-382 pa t46035 l58394 ls1243">acquire </span><span class="pp-class-382 pa t46035 l58395 ls858">one </span><span class="pp-class-382 pa t46035 l58396 ls8853">existing </span><span class="pp-class-382 pa t46035 l58397 ls2784">share </span><span class="pp-class-382 pa t46035 l58398 ls1080">in </span><span class="pp-class-382 pa t46035 l58399 ls858">the </span><span class="pp-class-382 pa t46035 l58400 ls7096">Parent </span><span class="pp-class-382 pa t46035 l58401 ls2489">company </span><span class="pp-class-382 pa t46035 l58402 ls103">of </span><span class="pp-class-382 pa t46035 l58403 ls1237">nominal </span><span class="pp-class-382 pa t46035 l58404 ls1099">DKK </span><span class="pp-class-382 pa t46035 l58405 ls3003">20. </span><span class="pp-class-382 pa t46035 l58406 ls1099">The </span><span class="pp-class-382 pa t46035 l58407 ls728">share </span><span class="pp-class-382 pa t46049 l3 ls238">option </span><span class="pp-class-382 pa t46049 l58408 ls1237">schemes </span><span class="pp-class-382 pa t46049 l58409 ls1759">equal </span><span class="pp-class-382 pa t46049 l58410 ls302">a </span><span class="pp-class-382 pa t46049 l30291 ls1305">right </span><span class="pp-class-382 pa t46049 l58411 ls1759">to </span><span class="pp-class-382 pa t46049 l58412 ls1243">acquire </span><span class="pp-class-382 pa t46049 l58413 ls7694">2.3% </span><span class="pp-class-382 pa t46049 l58414 ls103">of </span><span class="pp-class-382 pa t46049 l58415 ls1099">the </span><span class="pp-class-382 pa t46049 l58416 ls2784">share </span><span class="pp-class-382 pa t46049 l58398 ls806">capital </span><span class="pp-class-382 pa t46049 l58417 ls2486">(2023: </span><span class="pp-class-382 pa t46049 l58418 ls2851">1.9%) </span><span class="pp-class-382 pa t46049 l58419 ls1080">if </span><span class="pp-class-382 pa t46049 l58420 ls858">all </span><span class="pp-class-382 pa t46049 l43643 ls960">remaining </span><span class="pp-class-382 pa t46049 l58421 ls2784">share </span><span class="pp-class-382 pa t46049 l58422 ls187">options </span><span class="pp-class-382 pa t46059 l3 ls800">are </span><span class="pp-class-382 pa t46059 l43707 ls2848">exercised.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46064 l3 ls2784">Share </span><span class="pp-class-382 pa t46064 l58375 ls3474">options </span><span class="pp-class-382 pa t46064 l58376 ls2848">were </span><span class="pp-class-382 pa t46064 l58423 ls4305">granted </span><span class="pp-class-382 pa t46064 l35988 ls1080">in </span><span class="pp-class-382 pa t46064 l58424 ls1073">2016-2020 </span><span class="pp-class-382 pa t46064 l58425 ls1083">at </span><span class="pp-class-382 pa t46064 l58426 ls1080">an </span><span class="pp-class-382 pa t46064 l58427 ls19370">exercise </span><span class="pp-class-382 pa t46064 l58428 ls1759">price </span><span class="pp-class-382 pa t46064 l58429 ls1759">equal </span><span class="pp-class-382 pa t46064 l58430 ls1759">to </span><span class="pp-class-382 pa t46064 l58431 ls858">the </span><span class="pp-class-382 pa t46064 l58432 ls2796">average </span><span class="pp-class-382 pa t46064 l58433 ls2784">share </span><span class="pp-class-382 pa t46064 l58434 ls1759">price </span><span class="pp-class-382 pa t46064 l58435 ls103">of </span><span class="pp-class-382 pa t46064 l58436 ls858">the </span><span class="pp-class-382 pa t46064 l58437 ls4305">Parent </span><span class="pp-class-382 pa t46077 l3 ls2944">company’s </span><span class="pp-class-382 pa t46077 l58438 ls1083">shares </span><span class="pp-class-382 pa t46077 l58439 ls1080">20 </span><span class="pp-class-382 pa t46077 l24070 ls3377">days </span><span class="pp-class-382 pa t46077 l58440 ls800">before </span><span class="pp-class-382 pa t46077 l58441 ls858">the </span><span class="pp-class-382 pa t46077 l7879 ls1194">grant </span><span class="pp-class-382 pa t46077 l58442 ls1323">with </span><span class="pp-class-382 pa t46077 l58443 ls1080">an </span><span class="pp-class-382 pa t46077 l58444 ls1772">addition </span><span class="pp-class-382 pa t46077 l53742 ls103">of </span><span class="pp-class-382 pa t46077 l19220 ls1772">10%. </span><span class="pp-class-382 pa t46077 l58445 ls2784">Share </span><span class="pp-class-382 pa t46077 l58446 ls3474">options </span><span class="pp-class-382 pa t46077 l58447 ls800">are </span><span class="pp-class-382 pa t46077 l58448 ls4305">granted </span><span class="pp-class-382 pa t46077 l58449 ls1080">in </span><span class="pp-class-382 pa t46077 l58450 ls1323">2021 </span><span class="pp-class-382 pa t46077 l58451 ls302">and </span><span class="pp-class-382 pa t55141 l3 ls1150">later </span><span class="pp-class-382 pa t55141 l53313 ls1083">at </span><span class="pp-class-382 pa t55141 l58452 ls1080">an </span><span class="pp-class-382 pa t55141 l58453 ls19370">exercise </span><span class="pp-class-382 pa t55141 l58454 ls1759">price </span><span class="pp-class-382 pa t55141 l58455 ls1759">equal </span><span class="pp-class-382 pa t55141 l58456 ls1759">to </span><span class="pp-class-382 pa t55141 l58457 ls1099">the </span><span class="pp-class-382 pa t55141 l15759 ls2796">average </span><span class="pp-class-382 pa t55141 l58458 ls2784">share </span><span class="pp-class-382 pa t55141 l58459 ls1759">price </span><span class="pp-class-382 pa t55141 l58460 ls103">of </span><span class="pp-class-382 pa t55141 l58461 ls858">the </span><span class="pp-class-382 pa t55141 l58462 ls7096">Parent </span><span class="pp-class-382 pa t55141 l58463 ls2944">company’s </span><span class="pp-class-382 pa t55141 l58464 ls1083">shares </span><span class="pp-class-382 pa t55141 l58465 ls960">five </span><span class="pp-class-382 pa t55141 l58466 ls3377">days </span><span class="pp-class-382 pa t55141 l58467 ls2842">after </span><span class="pp-class-382 pa t55141 l58468 ls302">the </span><span class="pp-class-382 pa t46088 l3 ls1150">release </span><span class="pp-class-382 pa t46088 l4290 ls103">of </span><span class="pp-class-382 pa t46088 l47284 ls858">the </span><span class="pp-class-382 pa t46088 l58469 ls1080">Q4 </span><span class="pp-class-382 pa t46088 l58470 ls2842">report </span><span class="pp-class-382 pa t46088 l58471 ls1323">with </span><span class="pp-class-382 pa t46088 l54349 ls1080">an </span><span class="pp-class-382 pa t46088 l58472 ls1772">addition </span><span class="pp-class-382 pa t46088 l58473 ls103">of </span><span class="pp-class-382 pa t46088 l58474 ls1772">10%.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55164 l3 ls858">The </span><span class="pp-class-382 pa t55164 l16631 ls2784">share </span><span class="pp-class-382 pa t55164 l16157 ls3474">options </span><span class="pp-class-382 pa t55164 l58475 ls858">can </span><span class="pp-class-382 pa t55164 l42945 ls1080">be </span><span class="pp-class-382 pa t55164 l30903 ls2848">exercised </span><span class="pp-class-382 pa t55164 l58476 ls1323">when </span><span class="pp-class-382 pa t55164 l58477 ls302">a </span><span class="pp-class-382 pa t55164 l58478 ls1237">minimum </span><span class="pp-class-382 pa t55164 l58479 ls103">of </span><span class="pp-class-382 pa t55164 l58480 ls2784">three </span><span class="pp-class-382 pa t55164 l58481 ls2142">years </span><span class="pp-class-382 pa t55164 l58482 ls858">and </span><span class="pp-class-382 pa t55164 l58483 ls302">a </span><span class="pp-class-382 pa t55164 l58484 ls1237">maximum </span><span class="pp-class-382 pa t55164 l58485 ls103">of </span><span class="pp-class-382 pa t55164 l58486 ls960">five </span><span class="pp-class-382 pa t55164 l58487 ls2142">years </span><span class="pp-class-382 pa t55164 l58488 ls185">have </span><span class="pp-class-382 pa t55164 l58489 ls858">elapsed </span><span class="pp-class-382 pa t46106 l3 ls1759">since </span><span class="pp-class-382 pa t46106 l58490 ls858">the </span><span class="pp-class-382 pa t46106 l58491 ls1194">grant </span><span class="pp-class-382 pa t46106 l34283 ls1150">dates.</span></p></div></div><div id="pp-id-5266" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58492 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58494 ls230">Executive </span><span class="pp-class-373 pa t58495 l58496 ls241">Board</span><span class="pp-class-373 pa t58497 l58498">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58499 ls2143">Key </span><span class="pp-class-373 pa t58495 l58500 ls1955">employees</span><span class="pp-class-373 pa t58497 l58501">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l58502 ls1868 wtro3159 wtr1293 tro3160 tr1294">Resigned</span><span class="pp-class-373 pa t47616 l58503 ls3554 wtro3159 wtr1293 tro3160 tr1294">Executive</span><span class="pp-class-373 pa t47614 l58504 ls7855 wtro3159 wtr1293 tro3160 tr1294">Board </span><span class="pp-class-373 pa t47614 l58505 ls58506 wtro3159 wtr1293 tro3160 tr1294">mem-</span><span class="pp-class-373 pa t58493 l58507 ls3105 wtro3159 wtr1293 tro3160 tr1294">bers </span><span class="pp-class-373 pa t58493 l58508 ls103 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-373 pa t58495 l58509 ls3310 wtro3159 wtr1293 tro3160 tr1294">employees</span><span class="pp-class-373 pa t58497 l58510 ls2854 wtro3159 wtr1293 tro3160 tr1294">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58497 l58511 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l58512 ls960">Average </span><span class="pp-class-373 pa t47614 l58513 ls2489">exercise</span><span class="pp-class-373 pa t58493 l58514">price </span><span class="pp-class-373 pa t58493 l58515">per </span><span class="pp-class-373 pa t58495 l58516 ls907">option </span><span class="pp-class-373 pa t58497 l58517">DKK</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58518 l42484 ls2835">at </span><span class="pp-class-372 pa t58518 l58519">1 </span><span class="pp-class-372 pa t58518 l18633 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58520 ls30469">417,534</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58521 ls1099">552,807</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58522 ls302">153,263</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58518 l58523 ls1112">1,123,604</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58524 ls650">315.93</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58525 l18276 ls997">between </span><span class="pp-class-372 pa t58525 l58526 ls1005">categories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58527 ls1772">-128,040</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58528 ls2688">-20,442</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58529 ls1083">148,482</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58525 l58530">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58531 ls650">306.61</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l3 ls180">Granted </span><span class="pp-class-372 pa t58532 l58533">during </span><span class="pp-class-372 pa t58532 l58534">the </span><span class="pp-class-372 pa t58532 l58535 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l41789 ls2970">113,932</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58536 ls11558">292,783</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58537">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58532 l58538 ls195">406,715</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58539 ls2760">238.00</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l3 ls671">Expired </span><span class="pp-class-372 pa t58540 l58541">during </span><span class="pp-class-372 pa t58540 l58542">the </span><span class="pp-class-372 pa t58540 l58543 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l16521 ls2970">-63,650</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58544 ls650">-69,669</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58545 ls2149">-69,898</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58540 l58546 ls7694">-203,217</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58547 ls10699">330.72</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58548 l47134">during </span><span class="pp-class-372 pa t58548 l58549">the </span><span class="pp-class-372 pa t58548 l58550 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l56121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l36727">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l58551 ls302">-12,860</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58548 l58552 ls278">-12,860</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l58553">261.25</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l3">Outstanding </span><span class="pp-class-373 pa t58554 l58555 ls1323">at </span><span class="pp-class-373 pa t58554 l58556">31 </span><span class="pp-class-373 pa t58554 l58557">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58558 ls3387">339,776</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58559 ls14357">775,479</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58560 ls238">218,987</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58561 ls180">1,314,242</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58562 ls15062">290.07</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l3 ls3230">Of </span><span class="pp-class-372 pa t58563 l58564 ls2805">this </span><span class="pp-class-372 pa t58563 l58565 ls44116">exercisable </span><span class="pp-class-372 pa t58563 l58566 ls2766">at </span><span class="pp-class-372 pa t58563 l58567 ls8012">the </span><span class="pp-class-372 pa t58563 l58568 ls8012">end </span><span class="pp-class-372 pa t58563 l58569 ls3382">of </span><span class="pp-class-372 pa t58563 l58570 ls8012">the </span><span class="pp-class-372 pa t58563 l58571 ls10676">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58572 ls11799">138,715</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58573 ls2970">266,839</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58574 ls1055">167,595</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58563 l58575 ls1150">573,149</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58576 ls195">310.80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58578"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58579"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58580"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58581"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58582 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58583 l58494 ls230">Executive </span><span class="pp-class-373 pa t58584 l58496 ls241">Board</span><span class="pp-class-373 pa t58585 l58498">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58583 l58499 ls2143">Key </span><span class="pp-class-373 pa t58584 l58500 ls1955">employees</span><span class="pp-class-373 pa t58585 l58501">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58586 l58502 ls1868 wtro3159 wtr1293 tro3160 tr1294">Resigned</span><span class="pp-class-373 pa t58587 l58503 ls3554 wtro3159 wtr1293 tro3160 tr1294">Executive</span><span class="pp-class-373 pa t58588 l58504 ls7855 wtro3159 wtr1293 tro3160 tr1294">Board </span><span class="pp-class-373 pa t58588 l58505 ls58506 wtro3159 wtr1293 tro3160 tr1294">mem-</span><span class="pp-class-373 pa t58583 l58507 ls3105 wtro3159 wtr1293 tro3160 tr1294">bers </span><span class="pp-class-373 pa t58583 l58508 ls103 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-373 pa t58584 l58509 ls3310 wtro3159 wtr1293 tro3160 tr1294">employees</span><span class="pp-class-373 pa t58585 l58510 ls2854 wtro3159 wtr1293 tro3160 tr1294">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58585 l58511 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58587 l58512 ls960">Average </span><span class="pp-class-373 pa t58588 l58513 ls2489">exercise</span><span class="pp-class-373 pa t58583 l58514">price </span><span class="pp-class-373 pa t58583 l58515">per </span><span class="pp-class-373 pa t58584 l58516 ls907">option </span><span class="pp-class-373 pa t58585 l58517">DKK</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58589 l42484 ls2835">at </span><span class="pp-class-372 pa t58589 l58519">1 </span><span class="pp-class-372 pa t58589 l18633 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58590 ls16">412,341</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58591 ls3623">555,590</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58592 ls42711">187,466</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58589 l58593 ls1257">1,155,397</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58594 ls1736">331.76</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58595 l18276 ls997">between </span><span class="pp-class-372 pa t58595 l58526 ls1005">categories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l56121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l58596 ls58">-71,010</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l58597 ls1118">71,010</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58595 l58530">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l58598 ls214">332.84</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l3 ls180">Granted </span><span class="pp-class-372 pa t58599 l58533">during </span><span class="pp-class-372 pa t58599 l58534">the </span><span class="pp-class-372 pa t58599 l58535 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58600 ls656">69,707</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58601 ls2889">128,532</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58537">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58599 l58602 ls278">198,239</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58603 ls858">292.00</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l3 ls671">Expired </span><span class="pp-class-372 pa t58604 l58541">during </span><span class="pp-class-372 pa t58604 l58542">the </span><span class="pp-class-372 pa t58604 l58543 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l24821 ls2486">-49,213</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l58605 ls7729">-57,630</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l58606 ls58">-98,245</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58604 l58607 ls1073">-205,088</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l58608 ls2760">383.00</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58609 l47134">during </span><span class="pp-class-372 pa t58609 l58549">the </span><span class="pp-class-372 pa t58609 l58550 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58610 ls2842">-15,301</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58611 ls4305">-2,675</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58612 ls650">-6,968</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58609 l58613 ls2482">-24,944</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58614 ls4343">374.80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l3">Outstanding </span><span class="pp-class-373 pa t58615 l58555 ls1323">at </span><span class="pp-class-373 pa t58615 l58556">31 </span><span class="pp-class-373 pa t58615 l58557">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58616 ls15767">417,534</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58617 ls2835">552,807</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58618 ls278">153,263</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58523 ls1112">1,123,604</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58619 ls1772">315.93</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l3 ls3230">Of </span><span class="pp-class-372 pa t58620 l58564 ls2805">this </span><span class="pp-class-372 pa t58620 l58565 ls44116">exercisable </span><span class="pp-class-372 pa t58620 l58566 ls2766">at </span><span class="pp-class-372 pa t58620 l58567 ls8012">the </span><span class="pp-class-372 pa t58620 l58568 ls8012">end </span><span class="pp-class-372 pa t58620 l58569 ls3382">of </span><span class="pp-class-372 pa t58620 l58570 ls8012">the </span><span class="pp-class-372 pa t58620 l58571 ls10676">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l58621 ls1073">241,586</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l58622 ls2970">263,939</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l58623 ls3623">135,528</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58620 l58624 ls1252">641,053</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l42850 ls3435">319.30</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58625 l3 ls858">The </span><span class="pp-class-382 pa t58625 l16631 ls2784">share </span><span class="pp-class-382 pa t58625 l16157 ls3474">options </span><span class="pp-class-382 pa t58625 l58475 ls4305">granted </span><span class="pp-class-382 pa t58625 l58626 ls1080">in </span><span class="pp-class-382 pa t58625 l58627 ls1150">2024 </span><span class="pp-class-382 pa t58625 l58628 ls1772">had </span><span class="pp-class-382 pa t58625 l58629 ls302">a </span><span class="pp-class-382 pa t58625 l16520 ls3278">fair </span><span class="pp-class-382 pa t58625 l58630 ls1083">value </span><span class="pp-class-382 pa t58625 l58631 ls103">of </span><span class="pp-class-382 pa t58625 l58632 ls1099">DKK </span><span class="pp-class-382 pa t58625 l58633 ls14041">13.4m </span><span class="pp-class-382 pa t58625 l58634 ls2486">(2023: </span><span class="pp-class-382 pa t58625 l58635 ls858">DKK </span><span class="pp-class-382 pa t58625 l58636 ls864">11.0m), </span><span class="pp-class-382 pa t58625 l58637 ls1759">equal </span><span class="pp-class-382 pa t58625 l58638 ls1759">to </span><span class="pp-class-382 pa t58625 l58639 ls1080">an </span><span class="pp-class-382 pa t58625 l58640 ls2796">average </span><span class="pp-class-382 pa t58625 l58641 ls866">fair </span><span class="pp-class-382 pa t58642 l3 ls1083">value </span><span class="pp-class-382 pa t58642 l1116 ls858">per </span><span class="pp-class-382 pa t58642 l4067 ls238">option </span><span class="pp-class-382 pa t58642 l58643 ls103">of </span><span class="pp-class-382 pa t58642 l58644 ls1099">DKK </span><span class="pp-class-382 pa t58642 l58645 ls18115">33.03 </span><span class="pp-class-382 pa t58642 l58646 ls2486">(2023: </span><span class="pp-class-382 pa t58642 l40566 ls858">DKK </span><span class="pp-class-382 pa t58642 l30840 ls10809">55.59).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58647 l3 ls1080">No </span><span class="pp-class-382 pa t58647 l52939 ls2784">share </span><span class="pp-class-382 pa t58647 l54893 ls3474">options </span><span class="pp-class-382 pa t58647 l43328 ls185">have </span><span class="pp-class-382 pa t58647 l58648 ls1323">been </span><span class="pp-class-382 pa t58647 l13638 ls2848">exercised </span><span class="pp-class-382 pa t58647 l58649 ls2486">during </span><span class="pp-class-382 pa t58647 l58650 ls1150">2024 </span><span class="pp-class-382 pa t58647 l58651 ls2486">(2023: </span><span class="pp-class-382 pa t58647 l58652 ls1323">nil).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58653 l3 ls274 wtro3159 wtr1062 tro3160 tr1063">Vesting </span><span class="pp-class-382 pa t58653 l27612 ls287 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t58653 l58654 ls110 wtro3159 wtr1062 tro3160 tr1063">share </span><span class="pp-class-382 pa t58653 l58655 ls37 wtro3159 wtr1062 tro3160 tr1063">options </span><span class="pp-class-382 pa t58653 l58656 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t58653 l58657 ls1259 wtro3159 wtr1062 tro3160 tr1063">expensed </span><span class="pp-class-382 pa t58653 l58658 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t58653 l58659 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t58653 l14967 wtro3159 wtr1062 tro3160 tr1063">income </span><span class="pp-class-382 pa t58653 l58660 ls78 wtro3159 wtr1062 tro3160 tr1063">statement </span><span class="pp-class-382 pa t58653 l58661 ls43 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t58653 l58662 ls16 wtro3159 wtr1062 tro3160 tr1063">2024 </span><span class="pp-class-382 pa t58653 l58663 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t58653 l58664 wtro3159 wtr1062 tro3160 tr1063">DKK </span><span class="pp-class-382 pa t58653 l58665 ls332 wtro3159 wtr1062 tro3160 tr1063">10m </span><span class="pp-class-382 pa t58653 l58666 ls12 wtro3159 wtr1062 tro3160 tr1063">(2023: </span><span class="pp-class-382 pa t58653 l58667 ls12 wtro3159 wtr1062 tro3160 tr1063">DKK </span><span class="pp-class-382 pa t58653 l58668 ls12 wtro3159 wtr1062 tro3160 tr1063">8m). </span><span class="pp-class-382 pa t58653 l58669 ls12 wtro3159 wtr1062 tro3160 tr1063">The </span><span class="pp-class-382 pa t58670 l3 ls128 wtro3159 wtr1062 tro3160 tr1063">calculated </span><span class="pp-class-382 pa t58670 l58671 ls1005 wtro3159 wtr1062 tro3160 tr1063">fair </span><span class="pp-class-382 pa t58670 l58672 ls138 wtro3159 wtr1062 tro3160 tr1063">values </span><span class="pp-class-382 pa t58670 l58673 ls85 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t58670 l58674 wtro3159 wtr1062 tro3160 tr1063">based </span><span class="pp-class-382 pa t58670 l58675 wtro3159 wtr1062 tro3160 tr1063">on </span><span class="pp-class-382 pa t58670 l58676 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t58670 l58677 ls246 wtro3159 wtr1062 tro3160 tr1063">Black-Scholes </span><span class="pp-class-382 pa t58670 l58678 ls90 wtro3159 wtr1062 tro3160 tr1063">formula </span><span class="pp-class-382 pa t58670 l58679 ls43 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t58670 l58680 wtro3159 wtr1062 tro3160 tr1063">measuring </span><span class="pp-class-382 pa t58670 l58681 ls110 wtro3159 wtr1062 tro3160 tr1063">share </span><span class="pp-class-382 pa t58670 l58682 ls813 wtro3159 wtr1062 tro3160 tr1063">options. </span><span class="pp-class-382 pa t58670 l58683 ls12 wtro3159 wtr1062 tro3160 tr1063">The </span><span class="pp-class-382 pa t58670 l58684 ls105 wtro3159 wtr1062 tro3160 tr1063">outstanding </span><span class="pp-class-382 pa t58685 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">options </span><span class="pp-class-382 pa t58685 l58686 ls1941 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t58685 l9833 ls1941 wtro3159 wtr1724 tro3160 tr1725">31 </span><span class="pp-class-382 pa t58685 l58687 ls5069 wtro3159 wtr1724 tro3160 tr1725">December </span><span class="pp-class-382 pa t58685 l58688 ls864 wtro3159 wtr1724 tro3160 tr1725">2024 </span><span class="pp-class-382 pa t58685 l30176 ls796 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t58685 l58689 ls1941 wtro3159 wtr1724 tro3160 tr1725">an </span><span class="pp-class-382 pa t58685 l58690 ls6100 wtro3159 wtr1724 tro3160 tr1725">average </span><span class="pp-class-382 pa t58685 l58691 ls7096 wtro3159 wtr1724 tro3160 tr1725">weighted </span><span class="pp-class-382 pa t58685 l58692 ls646 wtro3159 wtr1724 tro3160 tr1725">remaining </span><span class="pp-class-382 pa t58685 l58693 ls185 wtro3159 wtr1724 tro3160 tr1725">contractual </span><span class="pp-class-382 pa t58685 l58694 ls1859 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t58685 l58695 ls1073 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t58685 l58696 ls4275 wtro3159 wtr1724 tro3160 tr1725">2.2 </span><span class="pp-class-382 pa t58685 l58697 ls7855 wtro3159 wtr1724 tro3160 tr1725">years </span><span class="pp-class-382 pa t58685 l58698 ls2889 wtro3159 wtr1724 tro3160 tr1725">(2023: </span><span class="pp-class-382 pa t58685 l58699 ls3036 wtro3159 wtr1724 tro3160 tr1725">1.9 </span><span class="pp-class-382 pa t58685 l58700 ls650 wtro3159 wtr1724 tro3160 tr1725">years).</span></p></div></div><table xmlns="http://www.w3.org/1999/xhtml"><tr><td colspan="8" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3 ls96">Assumptions </span><span class="pp-class-372 pa t42302 l28359">concerning </span><span class="pp-class-372 pa t42302 l17075">the </span><span class="pp-class-372 pa t42302 l58705 ls90">calculation </span><span class="pp-class-372 pa t42302 l58706 ls287">of </span><span class="pp-class-372 pa t42302 l58707 ls1005">fair </span><span class="pp-class-372 pa t42302 l58708 ls16">value </span><span class="pp-class-372 pa t42302 l58709 ls2835">at </span><span class="pp-class-372 pa t42302 l41729">time </span><span class="pp-class-372 pa t42302 l58710 ls287">of </span><span class="pp-class-372 pa t42302 l58711 ls198">grant:</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58712 l3 ls5258">Year </span><span class="pp-class-373 pa t58712 l36753">of </span><span class="pp-class-373 pa t58712 l51004 ls671">grant</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58713 l58714 ls931">Exercise </span><span class="pp-class-373 pa t58712 l58715">price</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58716 l58717 ls2835">Market </span><span class="pp-class-373 pa t58713 l58718">price </span><span class="pp-class-373 pa t58713 l58719 ls1323">at </span><span class="pp-class-373 pa t58712 l18350 ls254">grant </span><span class="pp-class-373 pa t58712 l58720 ls1955">date</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58713 l58721 ls287">Expected </span><span class="pp-class-373 pa t58712 l58722 ls658">volatility</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58716 l58723 ls1126">Risk-free </span><span class="pp-class-373 pa t58713 l58724 ls150">interest </span><span class="pp-class-373 pa t58712 l58725 ls830">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l58726 ls287">Expected </span><span class="pp-class-373 pa t58727 l58728">annual</span><span class="pp-class-373 pa t58729 l58730">dividends </span><span class="pp-class-373 pa t58716 l58731">per </span><span class="pp-class-373 pa t58716 l58732 ls112">share </span><span class="pp-class-373 pa t58713 l58733">(DKK) </span><span class="pp-class-373 pa t58713 l58734 ls1323">at </span><span class="pp-class-373 pa t58712 l58735 ls254">grant </span><span class="pp-class-373 pa t58712 l58736 ls1955">date</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58713 l58737 ls287">Expected </span><span class="pp-class-373 pa t58712 l58738">term</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58729 l58739 ls813">Fair </span><span class="pp-class-373 pa t58729 l58740 ls110">value </span><span class="pp-class-373 pa t58716 l58741">per </span><span class="pp-class-373 pa t58716 l58742 ls907">option </span><span class="pp-class-373 pa t58713 l58743 ls1323">at </span><span class="pp-class-373 pa t58713 l58744">time </span><span class="pp-class-373 pa t58713 l58745">of </span><span class="pp-class-373 pa t58712 l58746 ls128">granting</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l3 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58748">238</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58749 ls58750">217.60</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58751 ls2760">33.06%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58752 ls276">2.55%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58753 ls1736">9.33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58754">3 </span><span class="pp-class-372 pa t58747 l58755 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58756 ls2955">33.03</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58758">292</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58759 ls7858">269.40</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l52604 ls2760">38.66%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58760 ls21295">2.79%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58761 ls3102">9.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58754">3 </span><span class="pp-class-372 pa t58757 l58755 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58762 ls3216">55.59</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l3">2022</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58764">344</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l55640 ls1734">307.20 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58765 ls858">34.60%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58766 ls1772">-0.19%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58767 ls1073">12.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58768"/><span class="pp-class-372 pa t58763 l58754">3 </span><span class="pp-class-372 pa t58763 l58755 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58769 ls203">41.38 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l3">2021</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58771">301</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58772 ls1099">271.00 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58773 ls214">34.81%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l55132 ls15062">-0.55%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58774 ls796">6.33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58768"/><span class="pp-class-372 pa t58770 l58754">3 </span><span class="pp-class-372 pa t58770 l58755 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58775 ls858">42.66 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l3">2020</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58777 ls2835">314</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l5669 ls198">262.40 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58778 ls14077">27.27%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58779 ls10699">-0.72%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58761 ls3102">9.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58768"/><span class="pp-class-372 pa t58776 l58754">3 </span><span class="pp-class-372 pa t58776 l58755 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58780 ls195">19.67 </span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t58781 l3 ls858">The </span><span class="pp-class-382 pa t58781 l16631 ls828">expected </span><span class="pp-class-382 pa t58781 l58782 ls1083">volatility </span><span class="pp-class-382 pa t58781 l51619 ls3278">for </span><span class="pp-class-382 pa t58781 l58783 ls1323">2020 </span><span class="pp-class-382 pa t58781 l58784 ls1759">to </span><span class="pp-class-382 pa t58781 l58628 ls1150">2024 </span><span class="pp-class-382 pa t58781 l58785 ls1080">is </span><span class="pp-class-382 pa t58781 l58786 ls1759">based </span><span class="pp-class-382 pa t58781 l58787 ls1080">on </span><span class="pp-class-382 pa t58781 l58788 ls858">the </span><span class="pp-class-382 pa t58781 l58789 ls238">historical </span><span class="pp-class-382 pa t58781 l58790 ls1083">volatility </span><span class="pp-class-382 pa t58781 l58791 ls3278">for </span><span class="pp-class-382 pa t58781 l55996 ls858">the </span><span class="pp-class-382 pa t58781 l58792 ls1323">past </span><span class="pp-class-382 pa t58781 l58793 ls2784">three </span><span class="pp-class-382 pa t58781 l58794 ls2889">years. </span><span class="pp-class-382 pa t58781 l58795 ls858">The </span><span class="pp-class-382 pa t58781 l58796 ls9827">risk-</span><span class="pp-class-382 pa t58797 l3 ls1243">free </span><span class="pp-class-382 pa t58797 l58798 ls2784">interest </span><span class="pp-class-382 pa t58797 l58799 ls3216">rate </span><span class="pp-class-382 pa t58797 l58800 ls1080">is </span><span class="pp-class-382 pa t58797 l58801 ls1759">based </span><span class="pp-class-382 pa t58797 l33913 ls1080">on </span><span class="pp-class-382 pa t58797 l58802 ls2113">three-year </span><span class="pp-class-382 pa t58797 l58803 ls2486">Danish </span><span class="pp-class-382 pa t58797 l32073 ls6007">government </span><span class="pp-class-382 pa t58797 l49908 ls1759">bonds.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t58804 l3 ls806">Restricted </span><span class="pp-class-383 pa t58804 l51479 ls1759">Stock </span><span class="pp-class-383 pa t58804 l58805 ls1759">Units </span><span class="pp-class-383 pa t58804 l54096 ls1073">(RSUs)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t58806 l3 ls187">RSUs </span><span class="pp-class-382 pa t58806 l58807 ls185">have </span><span class="pp-class-382 pa t58806 l58808 ls1323">been </span><span class="pp-class-382 pa t58806 l2917 ls4305">granted </span><span class="pp-class-382 pa t58806 l58809 ls1759">to </span><span class="pp-class-382 pa t58806 l23014 ls858">the </span><span class="pp-class-382 pa t58806 l58810 ls1463">Executive </span><span class="pp-class-382 pa t58806 l58811 ls2784">Board </span><span class="pp-class-382 pa t58806 l58812 ls858">and </span><span class="pp-class-382 pa t58806 l58813 ls1057">key </span><span class="pp-class-382 pa t58806 l58814 ls852">employees. </span><span class="pp-class-382 pa t58806 l58815 ls8853">Each </span><span class="pp-class-382 pa t58806 l58816 ls1323">RSU </span><span class="pp-class-382 pa t58806 l58817 ls2142">gives </span><span class="pp-class-382 pa t58806 l58818 ls858">the </span><span class="pp-class-382 pa t58806 l58819 ls2486">holder </span><span class="pp-class-382 pa t58806 l58820 ls302">a </span><span class="pp-class-382 pa t58806 l58821 ls1305">right </span><span class="pp-class-382 pa t58806 l58822 ls302">to </span><span class="pp-class-382 pa t58823 l3 ls2145">receive </span><span class="pp-class-382 pa t58823 l58824 ls858">one </span><span class="pp-class-382 pa t58823 l29357 ls8853">existing </span><span class="pp-class-382 pa t58823 l58825 ls2784">share </span><span class="pp-class-382 pa t58823 l58826 ls1080">in </span><span class="pp-class-382 pa t58823 l58827 ls858">the </span><span class="pp-class-382 pa t58823 l58828 ls7096">Parent </span><span class="pp-class-382 pa t58823 l58829 ls2489">company </span><span class="pp-class-382 pa t58823 l58830 ls103">of </span><span class="pp-class-382 pa t58823 l58831 ls1237">nominal </span><span class="pp-class-382 pa t58823 l58832 ls1099">DKK </span><span class="pp-class-382 pa t58823 l58833 ls1080">20 </span><span class="pp-class-382 pa t58823 l58834 ls1323">when </span><span class="pp-class-382 pa t58823 l53156 ls1099">the </span><span class="pp-class-382 pa t58823 l58835 ls2113">three-year </span><span class="pp-class-382 pa t58823 l58836 ls728">vesting </span><span class="pp-class-382 pa t58823 l58837 ls2486">period </span><span class="pp-class-382 pa t58823 l58838 ls302">has </span><span class="pp-class-382 pa t58839 l3 ls2694">elapsed. </span><span class="pp-class-382 pa t58839 l45988 ls858">The </span><span class="pp-class-382 pa t58839 l58840 ls187">RSUs </span><span class="pp-class-382 pa t58839 l58841 ls1759">equal </span><span class="pp-class-382 pa t58839 l58842 ls302">a </span><span class="pp-class-382 pa t58839 l35362 ls1305">right </span><span class="pp-class-382 pa t58839 l54492 ls1759">to </span><span class="pp-class-382 pa t58839 l58843 ls2145">receive </span><span class="pp-class-382 pa t58839 l58844 ls2147">0.28% </span><span class="pp-class-382 pa t58839 l58845 ls2486">(2023: </span><span class="pp-class-382 pa t58839 l58846 ls2983">0.17%) </span><span class="pp-class-382 pa t58839 l58847 ls103">of </span><span class="pp-class-382 pa t58839 l58848 ls1099">the </span><span class="pp-class-382 pa t58839 l58849 ls2784">share </span><span class="pp-class-382 pa t58839 l58850 ls806">capital </span><span class="pp-class-382 pa t58839 l58851 ls1080">if </span><span class="pp-class-382 pa t58839 l58852 ls858">all </span><span class="pp-class-382 pa t58839 l58853 ls960">remaining </span><span class="pp-class-382 pa t58839 l58854 ls187">RSUs </span><span class="pp-class-382 pa t58839 l58855 ls2970">are </span><span class="pp-class-382 pa t58856 l3 ls11245">transferred. </span><span class="pp-class-382 pa t58856 l17226 ls2145">Vesting </span><span class="pp-class-382 pa t58856 l58857 ls103">of </span><span class="pp-class-382 pa t58856 l58858 ls187">RSUs </span><span class="pp-class-382 pa t58856 l46811 ls1080">is </span><span class="pp-class-382 pa t58856 l58859 ls8853">expensed </span><span class="pp-class-382 pa t58856 l58860 ls1080">in </span><span class="pp-class-382 pa t58856 l58861 ls858">the </span><span class="pp-class-382 pa t58856 l58862 ls2486">income </span><span class="pp-class-382 pa t58856 l58863 ls1150">statement </span><span class="pp-class-382 pa t58856 l58864 ls3278">for </span><span class="pp-class-382 pa t58856 l49759 ls1150">2024 </span><span class="pp-class-382 pa t58856 l58865 ls1323">with </span><span class="pp-class-382 pa t58856 l36837 ls858">DKK </span><span class="pp-class-382 pa t58856 l58866 ls858">13m </span><span class="pp-class-382 pa t58856 l58867 ls2486">(2023: </span><span class="pp-class-382 pa t58856 l58868 ls1099">DKK </span><span class="pp-class-382 pa t58856 l58869 ls1099">9m).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t58870 l3 ls858">The </span><span class="pp-class-382 pa t58870 l16631 ls2486">number </span><span class="pp-class-382 pa t58870 l42929 ls103">of </span><span class="pp-class-382 pa t58870 l58871 ls187">RSUs </span><span class="pp-class-382 pa t58870 l58872 ls4305">granted </span><span class="pp-class-382 pa t58870 l58873 ls1080">in </span><span class="pp-class-382 pa t58870 l29207 ls1323">2021 </span><span class="pp-class-382 pa t58870 l58874 ls858">and </span><span class="pp-class-382 pa t58870 l16774 ls1150">later </span><span class="pp-class-382 pa t58870 l51046 ls1080">is </span><span class="pp-class-382 pa t58870 l58875 ls1759">based </span><span class="pp-class-382 pa t58870 l58876 ls1080">on </span><span class="pp-class-382 pa t58870 l58877 ls858">the </span><span class="pp-class-382 pa t58870 l58878 ls2796">average </span><span class="pp-class-382 pa t58870 l58879 ls2784">share </span><span class="pp-class-382 pa t58870 l58880 ls1759">price </span><span class="pp-class-382 pa t58870 l58881 ls103">of </span><span class="pp-class-382 pa t58870 l58882 ls858">the </span><span class="pp-class-382 pa t58870 l58883 ls864">Parent </span><span class="pp-class-382 pa t58870 l58884 ls8853">company’s </span><span class="pp-class-382 pa t58885 l3 ls1083">shares </span><span class="pp-class-382 pa t58885 l58886 ls960">five </span><span class="pp-class-382 pa t58885 l30466 ls3377">days </span><span class="pp-class-382 pa t58885 l34035 ls2842">after </span><span class="pp-class-382 pa t58885 l58887 ls858">the </span><span class="pp-class-382 pa t58885 l58888 ls1150">release </span><span class="pp-class-382 pa t58885 l49753 ls103">of </span><span class="pp-class-382 pa t58885 l58889 ls858">the </span><span class="pp-class-382 pa t58885 l58890 ls1080">Q4 </span><span class="pp-class-382 pa t58885 l58891 ls296">report.</span></p><div id="pp-id-5268" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58892 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58893 ls230">Executive </span><span class="pp-class-373 pa t58495 l58894 ls241">Board</span><span class="pp-class-373 pa t58497 l58895">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58896 ls2143">Key </span><span class="pp-class-373 pa t58495 l58897 ls1955">employees</span><span class="pp-class-373 pa t58497 l58898">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l58899">Other </span><span class="pp-class-373 pa t58493 l58900 ls175">managerial</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58495 l58901 ls43">staff</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58497 l58902">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l58903 ls1868 wtro3159 wtr1724 tro3160 tr1725">Resigned</span><span class="pp-class-373 pa t47616 l58904 ls3554 wtro3159 wtr1724 tro3160 tr1725">Executive</span><span class="pp-class-373 pa t47614 l58905 ls7855 wtro3159 wtr1724 tro3160 tr1725">Board </span><span class="pp-class-373 pa t47614 l58906 ls2113 wtro3159 wtr1724 tro3160 tr1725">mem-</span><span class="pp-class-373 pa t58493 l58907 ls3105 wtro3159 wtr1724 tro3160 tr1725">bers </span><span class="pp-class-373 pa t58493 l58908 ls103 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-373 pa t58495 l58909 ls3310 wtro3159 wtr1724 tro3160 tr1725">employees</span><span class="pp-class-373 pa t58497 l58910 ls2854 wtro3159 wtr1724 tro3160 tr1725">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58497 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58518 l42484 ls2835">at </span><span class="pp-class-372 pa t58518 l58519">1 </span><span class="pp-class-372 pa t58518 l18633 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58911 ls2760">29,124</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58912 ls195">49,622</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58913 ls4305">20,207</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58914 ls8265">2,647</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58518 l58915 ls5558">101,600</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58525 l18276 ls997">between </span><span class="pp-class-372 pa t58525 l58526 ls1005">categories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l15936 ls858">-5,112</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58916 ls2842">-3,361</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58917 ls14434">-5,707</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58918 ls110">14,180</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58525 l47248">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l3 ls180">Granted </span><span class="pp-class-372 pa t58532 l58533">during </span><span class="pp-class-372 pa t58532 l58534">the </span><span class="pp-class-372 pa t58532 l58535 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58919 ls58920">17,364</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58921 ls858">44,622</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58922 ls2688">28,307</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58532 l58923 ls58">90,293</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l3 ls103">Vested </span><span class="pp-class-372 pa t58540 l58924">in </span><span class="pp-class-372 pa t58540 l37874">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l27056 ls2854">-8,844</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58925 ls16">-11,312</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58926">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58927 ls858">-2,009</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58540 l58928 ls175">-22,165</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58929 l47134">during </span><span class="pp-class-372 pa t58929 l58549">the </span><span class="pp-class-372 pa t58929 l58550 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58930">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58931">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58926">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58932 ls7729">-7,535</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58929 l58933 ls17717">-7,535</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l3">Outstanding </span><span class="pp-class-373 pa t58934 l58555 ls1323">at </span><span class="pp-class-373 pa t58934 l58556">31 </span><span class="pp-class-373 pa t58934 l58557">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58935 ls274">32,532</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58936 ls2147">79,571</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58937 ls1080">42,807</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58938 ls37002">7,283</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58939 ls175">162,193</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l3 ls1080">Of </span><span class="pp-class-372 pa t58940 l58941 ls1323">this </span><span class="pp-class-372 pa t58940 l16507 ls7858">exercisable </span><span class="pp-class-372 pa t58940 l58942 ls1083">at </span><span class="pp-class-372 pa t58940 l52057 ls858">the </span><span class="pp-class-372 pa t58940 l49880 ls858">end </span><span class="pp-class-372 pa t58940 l58943 ls103">of </span><span class="pp-class-372 pa t58940 l58944 ls858">the </span><span class="pp-class-372 pa t58940 l58945 ls1150">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l58930">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l58931">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l58926">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58940 l47248">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l18201"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l58947"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l50423"/></p></td></tr></table><div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58948 l46689">2023</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58949 l58893 ls230">Executive </span><span class="pp-class-373 pa t58950 l58894 ls241">Board</span><span class="pp-class-373 pa t58951 l58895">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58949 l58896 ls2143">Key </span><span class="pp-class-373 pa t58950 l58897 ls1955">employees</span><span class="pp-class-373 pa t58951 l58898">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58952 l58899">Other </span><span class="pp-class-373 pa t58949 l58900 ls175">managerial</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58950 l58901 ls43">staff</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58951 l58902">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58953 l58954 ls2842 wtro3159 wtr1293 tro3160 tr1294">Resigned</span><span class="pp-class-373 pa t58955 l58956 ls1742 wtro3159 wtr1293 tro3160 tr1294">Executive</span><span class="pp-class-373 pa t58952 l58957 ls1148 wtro3159 wtr1293 tro3160 tr1294">Board </span><span class="pp-class-373 pa t58952 l58958 ls1073 wtro3159 wtr1293 tro3160 tr1294">mem-</span><span class="pp-class-373 pa t58949 l58959 ls3474 wtro3159 wtr1293 tro3160 tr1294">bers </span><span class="pp-class-373 pa t58949 l58960 ls1955 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-373 pa t58950 l58961 ls3230 wtro3159 wtr1293 tro3160 tr1294">employees</span><span class="pp-class-373 pa t58951 l58962 ls1772 wtro3159 wtr1293 tro3160 tr1294">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58951 l37196 ls3158">Total</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58963 l42484 ls2835">at </span><span class="pp-class-372 pa t58963 l58519">1 </span><span class="pp-class-372 pa t58963 l18633 ls1969">January</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58964 ls8622">17,409</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58965 ls3477">24,626</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58926">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58966 ls4305">1,924</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58963 l58967 ls1759">43,959</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58968 l18276 ls997">between </span><span class="pp-class-372 pa t58968 l58526 ls1005">categories</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l58930">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l306 ls203">-1,364</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l58926">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l58969 ls88">1,364</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58968 l47248">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l3 ls180">Granted </span><span class="pp-class-372 pa t58970 l58533">during </span><span class="pp-class-372 pa t58970 l58534">the </span><span class="pp-class-372 pa t58970 l58535 ls124">year</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l40958 ls53">14,600</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l58971 ls650">26,920</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l58972 ls195">20,623</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l48723">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58970 l58973 ls1264">62,143</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58974 l47134">during </span><span class="pp-class-372 pa t58974 l58549">the </span><span class="pp-class-372 pa t58974 l58550 ls124">year</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58975 ls214">-2,885</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58976">-560</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58977 ls332">-416</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58978">-641</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58974 l58979 ls274">-4,502</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l3">Outstanding </span><span class="pp-class-373 pa t58980 l58555 ls1323">at </span><span class="pp-class-373 pa t58980 l58556">31 </span><span class="pp-class-373 pa t58980 l58557">December</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58981 ls296">29,124</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58982 ls646">49,622</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58983 ls5039">20,207</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58984 ls14385">2,647</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58915 ls5558">101,600</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l3 ls1080">Of </span><span class="pp-class-372 pa t58985 l58941 ls1323">this </span><span class="pp-class-372 pa t58985 l16507 ls7858">exercisable </span><span class="pp-class-372 pa t58985 l58942 ls1083">at </span><span class="pp-class-372 pa t58985 l52057 ls858">the </span><span class="pp-class-372 pa t58985 l49880 ls858">end </span><span class="pp-class-372 pa t58985 l58943 ls103">of </span><span class="pp-class-372 pa t58985 l58944 ls858">the </span><span class="pp-class-372 pa t58985 l58945 ls1150">year</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l58930">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l58931">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l58926">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l48723">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58985 l47248">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l3"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l18201"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l58947"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l48692"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l50423"/></p></div></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58987 l3 ls5258">Year </span><span class="pp-class-373 pa t58987 l36753">of </span><span class="pp-class-373 pa t58988 l3 ls671">grant</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58987 l58989 ls287">Expected </span><span class="pp-class-373 pa t58988 l58990">term</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58991 l58992 ls813">Fair </span><span class="pp-class-373 pa t58991 l58993 ls110">value </span><span class="pp-class-373 pa t58994 l21121">per </span><span class="pp-class-373 pa t58994 l58995 ls112">share </span><span class="pp-class-373 pa t58987 l58996 ls1323">at </span><span class="pp-class-373 pa t58987 l58997">time </span><span class="pp-class-373 pa t58987 l58998">of </span><span class="pp-class-373 pa t58988 l58999 ls128">granting</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59000 l3 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59000 l59001">3 </span><span class="pp-class-372 pa t59000 l59002 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59000 l59003 ls742">216.72</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59004 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59004 l59005"/><span class="pp-class-372 pa t59004 l59001">3 </span><span class="pp-class-372 pa t59004 l59002 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59004 l59006 ls1194">265.42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59007 l3">2022</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59007 l59005"/><span class="pp-class-372 pa t59007 l59001">3 </span><span class="pp-class-372 pa t59007 l59002 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59007 l59008 ls214">313.15</span></p></td></tr></table></div></div><div id="pp-id-5246" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1736">5.3 </span><span class="pp-class-370 pa t21055 l43638 ls134">Share </span><span class="pp-class-370 pa t21055 l58268">based </span><span class="pp-class-370 pa t21055 l58269 ls1323">payment</span><span class="pp-class-371 pa t21055 l58703"/><span class="pp-class-371 pa t21055 l58704 ls155">(continued)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45774 l3 ls3630">Employee </span><span class="pp-class-383 pa t45774 l36937 ls53">recognition</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45789 l3 ls1080">In </span><span class="pp-class-382 pa t45789 l43891 ls2694">December </span><span class="pp-class-382 pa t45789 l59010 ls1323">2020 </span><span class="pp-class-382 pa t45789 l59011 ls1080">up </span><span class="pp-class-382 pa t45789 l45023 ls1759">to </span><span class="pp-class-382 pa t45789 l16691 ls1080">50 </span><span class="pp-class-382 pa t45789 l59012 ls1083">shares </span><span class="pp-class-382 pa t45789 l59013 ls1243">free </span><span class="pp-class-382 pa t45789 l17340 ls103">of </span><span class="pp-class-382 pa t45789 l49740 ls1083">charge </span><span class="pp-class-382 pa t45789 l55198 ls2848">were </span><span class="pp-class-382 pa t45789 l59014 ls6791">awarded </span><span class="pp-class-382 pa t45789 l59015 ls1759">to </span><span class="pp-class-382 pa t45789 l59016 ls1772">each </span><span class="pp-class-382 pa t45789 l59017 ls2688">employee. </span><span class="pp-class-382 pa t45789 l59018 ls858">The </span><span class="pp-class-382 pa t45789 l47997 ls1083">shares </span><span class="pp-class-382 pa t45789 l59019 ls185">have </span><span class="pp-class-382 pa t45789 l59020 ls2842">vested </span><span class="pp-class-382 pa t45805 l3 ls2671">over </span><span class="pp-class-382 pa t45805 l58334 ls302">a </span><span class="pp-class-382 pa t45805 l59021 ls2113">three-year </span><span class="pp-class-382 pa t45805 l59022 ls2486">period </span><span class="pp-class-382 pa t45805 l59023 ls1243">from </span><span class="pp-class-382 pa t45805 l59024 ls3572">January </span><span class="pp-class-382 pa t45805 l59025 ls1323">2021 </span><span class="pp-class-382 pa t45805 l59026 ls1759">to </span><span class="pp-class-382 pa t45805 l44524 ls2694">December </span><span class="pp-class-382 pa t45805 l59027 ls1323">2023 </span><span class="pp-class-382 pa t45805 l59028 ls1080">on </span><span class="pp-class-382 pa t45805 l59029 ls302">a </span><span class="pp-class-382 pa t45805 l59030 ls1316">straight-line </span><span class="pp-class-382 pa t45805 l59031 ls2486">basis. </span><span class="pp-class-382 pa t45805 l59032 ls650">Only </span><span class="pp-class-382 pa t45805 l59033 ls960">employees </span><span class="pp-class-382 pa t45963 l3 ls728">working </span><span class="pp-class-382 pa t45963 l59034 ls1150">through </span><span class="pp-class-382 pa t45963 l59035 ls858">the </span><span class="pp-class-382 pa t45963 l59036 ls1323">full </span><span class="pp-class-382 pa t45963 l59037 ls728">vesting </span><span class="pp-class-382 pa t45963 l9942 ls2486">period </span><span class="pp-class-382 pa t45963 l11882 ls2848">were </span><span class="pp-class-382 pa t45963 l59038 ls830">entitled </span><span class="pp-class-382 pa t45963 l59039 ls1759">to </span><span class="pp-class-382 pa t45963 l59040 ls858">the </span><span class="pp-class-382 pa t45963 l59041 ls1101">shares. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45975 l3 ls1736">69,490 </span><span class="pp-class-382 pa t45975 l30136 ls1083">shares </span><span class="pp-class-382 pa t45975 l16255 ls185">have </span><span class="pp-class-382 pa t45975 l59042 ls1323">been </span><span class="pp-class-382 pa t45975 l59043 ls864">transferred </span><span class="pp-class-382 pa t45975 l59044 ls2486">during </span><span class="pp-class-382 pa t45975 l59045 ls1150">2024 </span><span class="pp-class-382 pa t45975 l59046 ls2486">(2023: </span><span class="pp-class-382 pa t45975 l59047 ls17722">37,067 </span><span class="pp-class-382 pa t45975 l59048 ls2944">shares). </span><span class="pp-class-382 pa t45975 l59049 ls2145">Vesting </span><span class="pp-class-382 pa t45975 l59050 ls103">of </span><span class="pp-class-382 pa t45975 l59051 ls1083">shares </span><span class="pp-class-382 pa t45975 l59052 ls3278">for </span><span class="pp-class-382 pa t45975 l59053 ls1150">2024 </span><span class="pp-class-382 pa t45975 l59054 ls1080">is </span><span class="pp-class-382 pa t45975 l59055 ls278">an </span><span class="pp-class-382 pa t45987 l3 ls1150">expense </span><span class="pp-class-382 pa t45987 l59056 ls103">of </span><span class="pp-class-382 pa t45987 l59057 ls858">DKK </span><span class="pp-class-382 pa t45987 l59058 ls1080">3m </span><span class="pp-class-382 pa t45987 l59059 ls2486">(2023: </span><span class="pp-class-382 pa t45987 l58626 ls858">DKK </span><span class="pp-class-382 pa t45987 l59060 ls1323">13m).</span></p><div id="pp-id-5269"><div class="w37192 h59061 pa t2 l3 wtro4 xx29 tro6 xx30"/></div></div></div><div class="pp-class-10" id="pp-id-5272" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx22795 tro6 xx22796"><div id="pp-id-5271"><div class="pp-class-363 pp-class-395" id="pp-id-5270"><div class="w37231 h59062 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls2784">Group </span><span class="pp-class-382 pa t29793 l4002 ls858">has </span><span class="pp-class-382 pa t29793 l44886 ls830">set </span><span class="pp-class-382 pa t29793 l3436 ls1080">up </span><span class="pp-class-382 pa t29793 l28360 ls5069">equity-settled </span><span class="pp-class-382 pa t29793 l50488 ls2784">share </span><span class="pp-class-382 pa t29793 l59063 ls238">option </span><span class="pp-class-382 pa t29793 l17613 ls1759">plans </span><span class="pp-class-382 pa t29793 l59064 ls1099">and </span><span class="pp-class-382 pa t29793 l59065 ls1941">RSUs. </span><span class="pp-class-382 pa t29793 l59066 ls1739">Treasury </span><span class="pp-class-382 pa t29793 l59067 ls1083">shares </span><span class="pp-class-382 pa t29793 l45660 ls800">are </span><span class="pp-class-382 pa t29793 l59068 ls1323">used </span><span class="pp-class-382 pa t29793 l59069 ls3278">for </span><span class="pp-class-382 pa t29793 l59070 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2784">share </span><span class="pp-class-382 pa t29798 l55341 ls238">option </span><span class="pp-class-382 pa t29798 l43245 ls1759">plans </span><span class="pp-class-382 pa t29798 l59071 ls858">and </span><span class="pp-class-382 pa t29798 l59072 ls858">the </span><span class="pp-class-382 pa t29798 l50908 ls1941">RSUs. </span><span class="pp-class-382 pa t29798 l37295 ls858">The </span><span class="pp-class-382 pa t29798 l48872 ls1083">value </span><span class="pp-class-382 pa t29798 l59073 ls103">of </span><span class="pp-class-382 pa t29798 l59074 ls1099">services </span><span class="pp-class-382 pa t29798 l59075 ls3377">received </span><span class="pp-class-382 pa t29798 l59076 ls1080">in </span><span class="pp-class-382 pa t29798 l47977 ls3435">exchange </span><span class="pp-class-382 pa t29798 l59077 ls3278">for </span><span class="pp-class-382 pa t29798 l59078 ls4305">granted </span><span class="pp-class-382 pa t29798 l59079 ls2784">share </span><span class="pp-class-382 pa t29798 l59080 ls1080">based </span><span class="pp-class-382 pa t36806 l3 ls8853">payment </span><span class="pp-class-382 pa t36806 l59081 ls1080">is </span><span class="pp-class-382 pa t36806 l59082 ls8853">measured </span><span class="pp-class-382 pa t36806 l59083 ls1083">at </span><span class="pp-class-382 pa t36806 l36808 ls858">the </span><span class="pp-class-382 pa t36806 l59084 ls3278">fair </span><span class="pp-class-382 pa t36806 l59085 ls1083">value </span><span class="pp-class-382 pa t36806 l42432 ls103">of </span><span class="pp-class-382 pa t36806 l49933 ls858">the </span><span class="pp-class-382 pa t36806 l59086 ls2784">share </span><span class="pp-class-382 pa t36806 l59087 ls1759">based </span><span class="pp-class-382 pa t36806 l59088 ls8853">payment </span><span class="pp-class-382 pa t36806 l59089 ls4305">granted.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29824 l3 ls858">The </span><span class="pp-class-382 pa t29824 l16631 ls5069">equity-settled </span><span class="pp-class-382 pa t29824 l48540 ls2784">share </span><span class="pp-class-382 pa t29824 l59090 ls3474">options </span><span class="pp-class-382 pa t29824 l3383 ls858">and </span><span class="pp-class-382 pa t29824 l43256 ls187">RSUs </span><span class="pp-class-382 pa t29824 l59091 ls800">are </span><span class="pp-class-382 pa t29824 l30894 ls8853">measured </span><span class="pp-class-382 pa t29824 l59092 ls1083">at </span><span class="pp-class-382 pa t29824 l59093 ls858">the </span><span class="pp-class-382 pa t29824 l55238 ls3278">fair </span><span class="pp-class-382 pa t29824 l55425 ls1083">value </span><span class="pp-class-382 pa t29824 l59094 ls1083">at </span><span class="pp-class-382 pa t29824 l59095 ls1194">grant </span><span class="pp-class-382 pa t29824 l59096 ls852">date </span><span class="pp-class-382 pa t29824 l59097 ls302">and </span><span class="pp-class-382 pa t29836 l3 ls2970">recognised </span><span class="pp-class-382 pa t29836 l44565 ls1080">in </span><span class="pp-class-382 pa t29836 l44566 ls858">the </span><span class="pp-class-382 pa t29836 l51266 ls2486">income </span><span class="pp-class-382 pa t29836 l51267 ls1150">statement </span><span class="pp-class-382 pa t29836 l36809 ls1759">under </span><span class="pp-class-382 pa t29836 l59098 ls5039">staff </span><span class="pp-class-382 pa t29836 l59099 ls1759">costs </span><span class="pp-class-382 pa t29836 l41771 ls2671">over </span><span class="pp-class-382 pa t29836 l59100 ls858">the </span><span class="pp-class-382 pa t29836 l54847 ls728">vesting </span><span class="pp-class-382 pa t29836 l59101 ls1237">period. </span><span class="pp-class-382 pa t29836 l55076 ls858">The </span><span class="pp-class-382 pa t29836 l59102 ls4275">counter </span><span class="pp-class-382 pa t29836 l59103 ls1237">posting </span><span class="pp-class-382 pa t29836 l59104 ls278">is </span><span class="pp-class-382 pa t29849 l3 ls2970">recognised </span><span class="pp-class-382 pa t29849 l44565 ls2143">directly </span><span class="pp-class-382 pa t29849 l59105 ls1080">in </span><span class="pp-class-382 pa t29849 l59106 ls2486">equity </span><span class="pp-class-382 pa t29849 l59107 ls1080">as </span><span class="pp-class-382 pa t29849 l59108 ls302">a </span><span class="pp-class-382 pa t29849 l59109 ls2142">shareholder </span><span class="pp-class-382 pa t29849 l59110 ls8853">transaction. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29866 l3 ls10900">At </span><span class="pp-class-382 pa t29866 l49043 ls1237">initial </span><span class="pp-class-382 pa t29866 l49044 ls2142">recognition </span><span class="pp-class-382 pa t29866 l49045 ls103">of </span><span class="pp-class-382 pa t29866 l6146 ls858">the </span><span class="pp-class-382 pa t29866 l59111 ls2784">share </span><span class="pp-class-382 pa t29866 l59112 ls1271">options, </span><span class="pp-class-382 pa t29866 l59113 ls1080">an </span><span class="pp-class-382 pa t29866 l59114 ls2142">estimate </span><span class="pp-class-382 pa t29866 l59115 ls1080">is </span><span class="pp-class-382 pa t29866 l59116 ls1772">made </span><span class="pp-class-382 pa t29866 l59117 ls2671">over </span><span class="pp-class-382 pa t29866 l59118 ls858">the </span><span class="pp-class-382 pa t29866 l59119 ls2486">number </span><span class="pp-class-382 pa t29866 l59120 ls103">of </span><span class="pp-class-382 pa t29866 l59121 ls2784">share </span><span class="pp-class-382 pa t29866 l59122 ls1080">based </span><span class="pp-class-382 pa t36841 l3 ls8853">payment </span><span class="pp-class-382 pa t36841 l59081 ls6360">that </span><span class="pp-class-382 pa t36841 l47193 ls858">the </span><span class="pp-class-382 pa t36841 l59123 ls6007">employees </span><span class="pp-class-382 pa t36841 l59124 ls1323">will </span><span class="pp-class-382 pa t36841 l59125 ls2489">vest, </span><span class="pp-class-382 pa t36841 l59126 ls3387">cf. </span><span class="pp-class-382 pa t36841 l59127 ls858">the </span><span class="pp-class-382 pa t36841 l59128 ls3572">service </span><span class="pp-class-382 pa t36841 l59129 ls819">conditions </span><span class="pp-class-382 pa t36841 l59130 ls1073">described </span><span class="pp-class-382 pa t36841 l59131 ls646">above </span><span class="pp-class-382 pa t36841 l59132 ls1080">in </span><span class="pp-class-382 pa t36841 l56099 ls1323">this </span><span class="pp-class-382 pa t36841 l59133 ls2489">note. </span><span class="pp-class-382 pa t29875 l3 ls806">Subsequent </span><span class="pp-class-382 pa t29875 l59134 ls1759">to </span><span class="pp-class-382 pa t29875 l59135 ls1237">initial </span><span class="pp-class-382 pa t29875 l27969 ls3105">recognition, </span><span class="pp-class-382 pa t29875 l5340 ls858">the </span><span class="pp-class-382 pa t29875 l59136 ls2142">estimate </span><span class="pp-class-382 pa t29875 l59137 ls103">of </span><span class="pp-class-382 pa t29875 l59138 ls2784">share </span><span class="pp-class-382 pa t29875 l59139 ls1759">based </span><span class="pp-class-382 pa t29875 l59140 ls5069">payments </span><span class="pp-class-382 pa t29875 l59141 ls1759">to </span><span class="pp-class-382 pa t29875 l53709 ls1080">be </span><span class="pp-class-382 pa t29875 l59142 ls1244">vested </span><span class="pp-class-382 pa t29875 l59143 ls1080">is </span><span class="pp-class-382 pa t29875 l59144 ls296">adjusted </span><span class="pp-class-382 pa t29878 l3 ls2145">whereby </span><span class="pp-class-382 pa t29878 l59145 ls858">the </span><span class="pp-class-382 pa t29878 l59146 ls2889">total </span><span class="pp-class-382 pa t29878 l59147 ls2142">recognition </span><span class="pp-class-382 pa t29878 l59148 ls1080">is </span><span class="pp-class-382 pa t29878 l59149 ls1759">based </span><span class="pp-class-382 pa t29878 l51896 ls1080">on </span><span class="pp-class-382 pa t29878 l59150 ls858">the </span><span class="pp-class-382 pa t29878 l59151 ls728">actual </span><span class="pp-class-382 pa t29878 l59152 ls2486">number </span><span class="pp-class-382 pa t29878 l59153 ls103">of </span><span class="pp-class-382 pa t29878 l59154 ls1244">vested </span><span class="pp-class-382 pa t29878 l59155 ls2784">share </span><span class="pp-class-382 pa t29878 l50698 ls1759">based </span><span class="pp-class-382 pa t29878 l59156 ls5069">payments.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29902 l3 ls858">The </span><span class="pp-class-382 pa t29902 l16631 ls3278">fair </span><span class="pp-class-382 pa t29902 l57387 ls1083">value </span><span class="pp-class-382 pa t29902 l57388 ls103">of </span><span class="pp-class-382 pa t29902 l57389 ls1099">the </span><span class="pp-class-382 pa t29902 l57390 ls4305">granted </span><span class="pp-class-382 pa t29902 l59157 ls2784">share </span><span class="pp-class-382 pa t29902 l59158 ls3474">options </span><span class="pp-class-382 pa t29902 l59159 ls1080">is </span><span class="pp-class-382 pa t29902 l59160 ls803">calculated </span><span class="pp-class-382 pa t29902 l59161 ls1759">using </span><span class="pp-class-382 pa t29902 l59162 ls858">the </span><span class="pp-class-382 pa t29902 l59163 ls2531">Black-Scholes </span><span class="pp-class-382 pa t29902 l59164 ls1077">option-pricing </span><span class="pp-class-382 pa t36874 l3 ls2486">model. </span><span class="pp-class-382 pa t36874 l59165 ls16997">Terms </span><span class="pp-class-382 pa t36874 l3968 ls858">and </span><span class="pp-class-382 pa t36874 l59166 ls819">conditions </span><span class="pp-class-382 pa t36874 l59167 ls3278">for </span><span class="pp-class-382 pa t36874 l9349 ls1772">each </span><span class="pp-class-382 pa t36874 l59168 ls1194">grant </span><span class="pp-class-382 pa t36874 l59169 ls800">are </span><span class="pp-class-382 pa t36874 l59170 ls2784">taken </span><span class="pp-class-382 pa t36874 l50995 ls3474">into </span><span class="pp-class-382 pa t36874 l59171 ls1859">account </span><span class="pp-class-382 pa t36874 l59172 ls1323">when </span><span class="pp-class-382 pa t36874 l59173 ls688">calculating </span><span class="pp-class-382 pa t36874 l59174 ls1099">the </span><span class="pp-class-382 pa t36874 l59175 ls3278">fair </span><span class="pp-class-382 pa t36874 l59176 ls7855">value.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29920 l3 ls858">The </span><span class="pp-class-382 pa t29920 l16631 ls2784">share </span><span class="pp-class-382 pa t29920 l16157 ls1759">based </span><span class="pp-class-382 pa t29920 l59177 ls8853">payment </span><span class="pp-class-382 pa t29920 l59178 ls7855">programmes </span><span class="pp-class-382 pa t29920 l59179 ls800">are </span><span class="pp-class-382 pa t29920 l59180 ls2970">recognised </span><span class="pp-class-382 pa t29920 l59181 ls1083">at </span><span class="pp-class-382 pa t29920 l59182 ls3278">fair </span><span class="pp-class-382 pa t29920 l59183 ls1083">value </span><span class="pp-class-382 pa t29920 l59184 ls2671">over </span><span class="pp-class-382 pa t29920 l59185 ls858">the </span><span class="pp-class-382 pa t29920 l59186 ls728">vesting </span><span class="pp-class-382 pa t29920 l59187 ls2486">period </span><span class="pp-class-382 pa t29920 l59188 ls302">and </span><span class="pp-class-382 pa t29933 l3 ls8853">expensed </span><span class="pp-class-382 pa t29933 l45275 ls1080">as </span><span class="pp-class-382 pa t29933 l16361 ls5039">staff </span><span class="pp-class-382 pa t29933 l59189 ls1110">cost. </span><span class="pp-class-382 pa t29933 l59190 ls858">The </span><span class="pp-class-382 pa t29933 l24149 ls1772">accrual </span><span class="pp-class-382 pa t29933 l59191 ls1080">is </span><span class="pp-class-382 pa t29933 l59192 ls3435">recorded </span><span class="pp-class-382 pa t29933 l59193 ls1759">under </span><span class="pp-class-382 pa t29933 l59194 ls296">other </span><span class="pp-class-382 pa t29933 l59195 ls1243">payables </span><span class="pp-class-382 pa t29933 l59196 ls1080">or </span><span class="pp-class-382 pa t29933 l59197 ls1080">on </span><span class="pp-class-382 pa t29933 l59198 ls2486">equity </span><span class="pp-class-382 pa t29933 l59199 ls1073">depending </span><span class="pp-class-382 pa t29933 l59200 ls278">on </span><span class="pp-class-382 pa t48298 l3 ls3474">whether </span><span class="pp-class-382 pa t48298 l50859 ls2970">settlement </span><span class="pp-class-382 pa t48298 l57158 ls1080">is </span><span class="pp-class-382 pa t48298 l59201 ls1323">done </span><span class="pp-class-382 pa t48298 l17313 ls1080">in </span><span class="pp-class-382 pa t48298 l59202 ls1323">cash </span><span class="pp-class-382 pa t48298 l59203 ls1080">or </span><span class="pp-class-382 pa t48298 l59204 ls1150">shares, </span><span class="pp-class-382 pa t48298 l59205 ls12399">respectively.</span></p></div></div></div></div></div><div id="pp-id-5288" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h60846 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls941">5.8 </span><span class="pp-class-370 pa t21055 l43638 ls1065">Related </span><span class="pp-class-370 pa t21055 l60847 ls1969">party </span><span class="pp-class-370 pa t21055 l60848 ls134">transactions</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls2842">Lauritzen </span><span class="pp-class-382 pa t45774 l4067 ls1772">Fonden, </span><span class="pp-class-382 pa t45774 l51132 ls1772">Copenhagen </span><span class="pp-class-382 pa t45774 l60849 ls1323">with </span><span class="pp-class-382 pa t45774 l59342 ls302">a </span><span class="pp-class-382 pa t45774 l60850 ls1237">nominal </span><span class="pp-class-382 pa t45774 l60851 ls3105">shareholding </span><span class="pp-class-382 pa t45774 l60852 ls103">of </span><span class="pp-class-382 pa t45774 l60853 ls1736">40.4%, </span><span class="pp-class-382 pa t45774 l46370 ls1150">through </span><span class="pp-class-382 pa t45774 l60854 ls2842">Lauritzen </span><span class="pp-class-382 pa t45774 l60855 ls1772">Fonden </span><span class="pp-class-382 pa t45774 l60856 ls1237">Holding </span><span class="pp-class-382 pa t45774 l60857 ls1955">Aps, </span><span class="pp-class-382 pa t45789 l3 ls2848">exercises </span><span class="pp-class-382 pa t45789 l15721 ls1080">de </span><span class="pp-class-382 pa t45789 l60858 ls7855">facto </span><span class="pp-class-382 pa t45789 l60859 ls852">control </span><span class="pp-class-382 pa t45789 l60860 ls2671">over </span><span class="pp-class-382 pa t45789 l60861 ls1323">DFDS </span><span class="pp-class-382 pa t45789 l60862 ls8853">A/S. </span><span class="pp-class-382 pa t45789 l60863 ls3190">Accordingly, </span><span class="pp-class-382 pa t45789 l60864 ls1099">the </span><span class="pp-class-382 pa t45789 l60865 ls1237">members </span><span class="pp-class-382 pa t45789 l60866 ls103">of </span><span class="pp-class-382 pa t45789 l60867 ls858">the </span><span class="pp-class-382 pa t45789 l60868 ls2784">Board </span><span class="pp-class-382 pa t45789 l60869 ls103">of </span><span class="pp-class-382 pa t45789 l60870 ls2944">Directors </span><span class="pp-class-382 pa t45789 l60871 ls858">and </span><span class="pp-class-382 pa t45789 l60872 ls302">the </span><span class="pp-class-382 pa t45805 l3 ls1463">Executive </span><span class="pp-class-382 pa t45805 l45976 ls2784">Board </span><span class="pp-class-382 pa t45805 l60873 ls1083">at </span><span class="pp-class-382 pa t45805 l41707 ls2842">Lauritzen </span><span class="pp-class-382 pa t45805 l60874 ls1772">Fonden </span><span class="pp-class-382 pa t45805 l33932 ls1080">as </span><span class="pp-class-382 pa t45805 l17302 ls960">well </span><span class="pp-class-382 pa t45805 l60875 ls1080">as </span><span class="pp-class-382 pa t45805 l60876 ls1099">all </span><span class="pp-class-382 pa t45805 l60877 ls1073">companies </span><span class="pp-class-382 pa t45805 l47497 ls2142">owned </span><span class="pp-class-382 pa t45805 l60878 ls2784">by </span><span class="pp-class-382 pa t45805 l60879 ls2842">Lauritzen </span><span class="pp-class-382 pa t45805 l60880 ls1772">Fonden </span><span class="pp-class-382 pa t45805 l60881 ls800">are </span><span class="pp-class-382 pa t45805 l60882 ls3458">related </span><span class="pp-class-382 pa t45805 l60883 ls1065">parties. </span><span class="pp-class-382 pa t45963 l3 ls2088">Furthermore, </span><span class="pp-class-382 pa t45963 l51302 ls3458">related </span><span class="pp-class-382 pa t45963 l60884 ls1110">parties </span><span class="pp-class-382 pa t45963 l60885 ls2694">comprise </span><span class="pp-class-382 pa t45963 l60886 ls1759">DFDS’ </span><span class="pp-class-382 pa t45963 l60887 ls1463">Executive </span><span class="pp-class-382 pa t45963 l60888 ls2784">Board </span><span class="pp-class-382 pa t45963 l60889 ls1099">and </span><span class="pp-class-382 pa t45963 l37869 ls2784">Board </span><span class="pp-class-382 pa t45963 l60890 ls103">of </span><span class="pp-class-382 pa t45963 l46507 ls3623">Directors, </span><span class="pp-class-382 pa t45963 l60891 ls1772">leading </span><span class="pp-class-382 pa t45963 l60892 ls852">employees, </span><span class="pp-class-382 pa t45963 l60893 ls302">and </span><span class="pp-class-382 pa t45817 l3 ls1759">close </span><span class="pp-class-382 pa t45817 l60894 ls1237">members </span><span class="pp-class-382 pa t45817 l15052 ls103">of </span><span class="pp-class-382 pa t45817 l60895 ls1099">the </span><span class="pp-class-382 pa t45817 l5961 ls7752">family </span><span class="pp-class-382 pa t45817 l60896 ls103">of </span><span class="pp-class-382 pa t45817 l60897 ls1701">those, </span><span class="pp-class-382 pa t45817 l52109 ls1759">DFDS’ </span><span class="pp-class-382 pa t45817 l60898 ls1319">subsidiaries, </span><span class="pp-class-382 pa t45817 l60899 ls803">associates </span><span class="pp-class-382 pa t45817 l60900 ls858">and </span><span class="pp-class-382 pa t45817 l60901 ls1305">joint </span><span class="pp-class-382 pa t45817 l60902 ls2531">ventures, </span><span class="pp-class-382 pa t45817 l49746 ls715">reference </span><span class="pp-class-382 pa t45817 l24966 ls1080">is </span><span class="pp-class-382 pa t45817 l60903 ls1772">made </span><span class="pp-class-382 pa t45817 l60904 ls302">to </span><span class="pp-class-382 pa t45975 l3 ls1859">note </span><span class="pp-class-382 pa t45975 l56024 ls4487">5.10.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45999 l3 ls1080">In </span><span class="pp-class-382 pa t45999 l43891 ls1150">2024 </span><span class="pp-class-382 pa t45999 l50517 ls1323">DFDS </span><span class="pp-class-382 pa t45999 l50083 ls960">purchased </span><span class="pp-class-382 pa t45999 l60905 ls48754">960,702 </span><span class="pp-class-382 pa t45999 l10450 ls1083">shares </span><span class="pp-class-382 pa t45999 l60906 ls3278">for </span><span class="pp-class-382 pa t45999 l60907 ls1080">an </span><span class="pp-class-382 pa t45999 l60908 ls1073">amount </span><span class="pp-class-382 pa t45999 l20583 ls103">of </span><span class="pp-class-382 pa t45999 l60909 ls1099">DKK </span><span class="pp-class-382 pa t45999 l60910 ls14430">179m </span><span class="pp-class-382 pa t45999 l60911 ls2486">(2023: </span><span class="pp-class-382 pa t45999 l60912 ls858">DKK </span><span class="pp-class-382 pa t45999 l60913 ls1759">126m) </span><span class="pp-class-382 pa t45999 l60914 ls1243">from </span><span class="pp-class-382 pa t45999 l60915 ls2842">Lauritzen </span><span class="pp-class-382 pa t45999 l58361 ls2486">Fonden </span><span class="pp-class-382 pa t46012 l3 ls1080">as </span><span class="pp-class-382 pa t46012 l34384 ls658">part </span><span class="pp-class-382 pa t46012 l53637 ls103">of </span><span class="pp-class-382 pa t46012 l60916 ls858">the </span><span class="pp-class-382 pa t46012 l60917 ls2784">share </span><span class="pp-class-382 pa t46012 l60918 ls1772">buyback </span><span class="pp-class-382 pa t46012 l60919 ls2145">programme </span><span class="pp-class-382 pa t46012 l60920 ls1073">announced </span><span class="pp-class-382 pa t46012 l60921 ls1080">on </span><span class="pp-class-382 pa t46012 l60922 ls302">9 </span><span class="pp-class-382 pa t46012 l60923 ls1941">February </span><span class="pp-class-382 pa t46012 l60924 ls2854">2024. </span><span class="pp-class-382 pa t46012 l60925 ls858">The </span><span class="pp-class-382 pa t46012 l60926 ls1083">shares </span><span class="pp-class-382 pa t46012 l60927 ls2848">were </span><span class="pp-class-382 pa t46012 l60928 ls960">purchased </span><span class="pp-class-382 pa t46012 l60929 ls1083">at </span><span class="pp-class-382 pa t46012 l60930 ls12">a </span><span class="pp-class-382 pa t46023 l3 ls1759">price </span><span class="pp-class-382 pa t46023 l60931 ls1759">equal </span><span class="pp-class-382 pa t46023 l60932 ls1759">to </span><span class="pp-class-382 pa t46023 l34735 ls858">the </span><span class="pp-class-382 pa t46023 l17192 ls1101">volume-weighted </span><span class="pp-class-382 pa t46023 l60933 ls2796">average </span><span class="pp-class-382 pa t46023 l6569 ls26">weekly </span><span class="pp-class-382 pa t46023 l39485 ls2784">share </span><span class="pp-class-382 pa t46023 l60934 ls1759">price </span><span class="pp-class-382 pa t46023 l60935 ls103">of </span><span class="pp-class-382 pa t46023 l60936 ls858">the </span><span class="pp-class-382 pa t46023 l60937 ls1323">DFDS </span><span class="pp-class-382 pa t46023 l60938 ls1083">shares </span><span class="pp-class-382 pa t46023 l44646 ls2688">repurchased </span><span class="pp-class-382 pa t46023 l60939 ls2784">by </span><span class="pp-class-382 pa t46023 l50703 ls1955">DFDS </span><span class="pp-class-382 pa t46033 l3 ls1759">under </span><span class="pp-class-382 pa t46033 l57642 ls858">the </span><span class="pp-class-382 pa t46033 l60940 ls2784">share </span><span class="pp-class-382 pa t46033 l60941 ls1772">buyback </span><span class="pp-class-382 pa t46033 l17222 ls2401">programme. </span><span class="pp-class-382 pa t46033 l60942 ls2088">Furthermore, </span><span class="pp-class-382 pa t46033 l60943 ls1080">in </span><span class="pp-class-382 pa t46033 l60944 ls1150">2024 </span><span class="pp-class-382 pa t46033 l58327 ls2842">Lauritzen </span><span class="pp-class-382 pa t46033 l60945 ls1772">Fonden </span><span class="pp-class-382 pa t46033 l60946 ls3377">received </span><span class="pp-class-382 pa t46033 l60947 ls302">a </span><span class="pp-class-382 pa t46033 l60948 ls2694">dividend </span><span class="pp-class-382 pa t46033 l60949 ls103">of </span><span class="pp-class-382 pa t46033 l60950 ls1099">DKK </span><span class="pp-class-382 pa t46033 l60951 ls1736">3.00 </span><span class="pp-class-382 pa t55080 l3 ls2486">(2023: </span><span class="pp-class-382 pa t55080 l50782 ls1099">DKK </span><span class="pp-class-382 pa t55080 l4225 ls7996">5.00) </span><span class="pp-class-382 pa t55080 l34051 ls858">per </span><span class="pp-class-382 pa t55080 l32536 ls2784">share </span><span class="pp-class-382 pa t55080 l34053 ls1243">from </span><span class="pp-class-382 pa t55080 l60952 ls1759">DFDS, </span><span class="pp-class-382 pa t55080 l35039 ls858">the </span><span class="pp-class-382 pa t55080 l60953 ls1323">same </span><span class="pp-class-382 pa t55080 l44838 ls1080">as </span><span class="pp-class-382 pa t55080 l20763 ls296">other </span><span class="pp-class-382 pa t55080 l60954 ls2889">shareholders. </span><span class="pp-class-382 pa t55080 l60955 ls858">The </span><span class="pp-class-382 pa t55080 l60956 ls2694">dividend </span><span class="pp-class-382 pa t55080 l60957 ls3377">received </span><span class="pp-class-382 pa t55080 l60958 ls1080">in </span><span class="pp-class-382 pa t55080 l60959 ls1772">2024 </span><span class="pp-class-382 pa t46035 l3 ls4275">amounted </span><span class="pp-class-382 pa t46035 l60960 ls1759">to </span><span class="pp-class-382 pa t46035 l45640 ls858">DKK </span><span class="pp-class-382 pa t46035 l22700 ls1243">73m </span><span class="pp-class-382 pa t46035 l60961 ls2486">(2023: </span><span class="pp-class-382 pa t46035 l60962 ls858">DKK </span><span class="pp-class-382 pa t46035 l60963 ls1759">122m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46059 l3 ls1080">In </span><span class="pp-class-382 pa t46059 l43891 ls1772">addition </span><span class="pp-class-382 pa t46059 l60964 ls1759">to </span><span class="pp-class-382 pa t46059 l60965 ls11245">intra-group </span><span class="pp-class-382 pa t46059 l33771 ls2694">balances </span><span class="pp-class-382 pa t46059 l32425 ls1099">and </span><span class="pp-class-382 pa t46059 l8299 ls3623">transactions </span><span class="pp-class-382 pa t46059 l44332 ls1083">(primarily </span><span class="pp-class-382 pa t46059 l60966 ls99">charter </span><span class="pp-class-382 pa t46059 l60967 ls7094">hire, </span><span class="pp-class-382 pa t46059 l60968 ls1073">financing </span><span class="pp-class-382 pa t46059 l60969 ls858">and </span><span class="pp-class-382 pa t46059 l51251 ls1118">commissions </span><span class="pp-class-382 pa t46059 l60970 ls2489">etc.), </span><span class="pp-class-382 pa t55123 l3 ls1759">which </span><span class="pp-class-382 pa t55123 l44680 ls800">are </span><span class="pp-class-382 pa t55123 l24746 ls803">eliminated </span><span class="pp-class-382 pa t55123 l32461 ls1080">on </span><span class="pp-class-382 pa t55123 l7509 ls2842">consolidation, </span><span class="pp-class-382 pa t55123 l54602 ls1759">usual </span><span class="pp-class-382 pa t55123 l60971 ls1463">Executive </span><span class="pp-class-382 pa t55123 l60972 ls2784">Board </span><span class="pp-class-382 pa t55123 l60973 ls1099">and </span><span class="pp-class-382 pa t55123 l60974 ls2784">Board </span><span class="pp-class-382 pa t55123 l60975 ls103">of </span><span class="pp-class-382 pa t55123 l60976 ls2944">Directors </span><span class="pp-class-382 pa t55123 l60977 ls7756">remuneration </span><span class="pp-class-382 pa t55123 l60978 ls800">(reference </span><span class="pp-class-382 pa t46064 l3 ls1080">is </span><span class="pp-class-382 pa t46064 l46558 ls1772">made </span><span class="pp-class-382 pa t46064 l60979 ls1759">to </span><span class="pp-class-382 pa t46064 l60960 ls1859">note </span><span class="pp-class-382 pa t46064 l60980 ls2955">2.4 </span><span class="pp-class-382 pa t46064 l60981 ls1099">and </span><span class="pp-class-382 pa t46064 l60982 ls2851">5.1), </span><span class="pp-class-382 pa t46064 l224 ls2784">share </span><span class="pp-class-382 pa t46064 l60983 ls3474">options </span><span class="pp-class-382 pa t46064 l60984 ls858">and </span><span class="pp-class-382 pa t46064 l60985 ls3623">restricted </span><span class="pp-class-382 pa t46064 l60986 ls2784">share </span><span class="pp-class-382 pa t46064 l60987 ls1759">units </span><span class="pp-class-382 pa t46064 l60988 ls1759">to </span><span class="pp-class-382 pa t46064 l20654 ls1099">the </span><span class="pp-class-382 pa t46064 l60989 ls1463">Executive </span><span class="pp-class-382 pa t46064 l44895 ls2784">Board </span><span class="pp-class-382 pa t46064 l60990 ls1099">and </span><span class="pp-class-382 pa t46064 l48081 ls1237">leading </span><span class="pp-class-382 pa t46077 l3 ls6007">employees </span><span class="pp-class-382 pa t46077 l41630 ls3630">(reference </span><span class="pp-class-382 pa t46077 l60991 ls1080">is </span><span class="pp-class-382 pa t46077 l60844 ls1772">made </span><span class="pp-class-382 pa t46077 l60992 ls1759">to </span><span class="pp-class-382 pa t46077 l60993 ls1859">note </span><span class="pp-class-382 pa t46077 l47228 ls1176">5.3) </span><span class="pp-class-382 pa t46077 l60994 ls1099">and </span><span class="pp-class-382 pa t46077 l60995 ls858">the </span><span class="pp-class-382 pa t46077 l60996 ls2142">below </span><span class="pp-class-382 pa t46077 l53766 ls852">transactions, </span><span class="pp-class-382 pa t46077 l60997 ls302">a </span><span class="pp-class-382 pa t46077 l60998 ls830">distribution </span><span class="pp-class-382 pa t46077 l60999 ls103">of </span><span class="pp-class-382 pa t46077 l61000 ls1073">dividends </span><span class="pp-class-382 pa t46077 l61001 ls103">of </span><span class="pp-class-382 pa t46077 l61002 ls1099">DKK </span><span class="pp-class-382 pa t46077 l61003 ls1736">3.00 </span><span class="pp-class-382 pa t55141 l3 ls2486">(2023: </span><span class="pp-class-382 pa t55141 l61004 ls1099">DKK </span><span class="pp-class-382 pa t55141 l61005 ls7996">5.00) </span><span class="pp-class-382 pa t55141 l61006 ls858">per </span><span class="pp-class-382 pa t55141 l61007 ls2784">share </span><span class="pp-class-382 pa t55141 l61008 ls858">has </span><span class="pp-class-382 pa t55141 l61009 ls1323">been </span><span class="pp-class-382 pa t55141 l61010 ls1237">carried </span><span class="pp-class-382 pa t55141 l61011 ls858">out </span><span class="pp-class-382 pa t55141 l61012 ls2486">during </span><span class="pp-class-382 pa t55141 l61013 ls1099">the </span><span class="pp-class-382 pa t55141 l61014 ls648">year. </span><span class="pp-class-382 pa t55141 l61015 ls858">The </span><span class="pp-class-382 pa t55141 l61016 ls1118">table </span><span class="pp-class-382 pa t55141 l61017 ls2142">below </span><span class="pp-class-382 pa t55141 l61018 ls3474">depicts </span><span class="pp-class-382 pa t55141 l61019 ls2142">material </span><span class="pp-class-382 pa t55141 l61020 ls8853">transactions </span><span class="pp-class-382 pa t46088 l3 ls1323">with </span><span class="pp-class-382 pa t46088 l10466 ls3458">related </span><span class="pp-class-382 pa t46088 l61021 ls1110">parties.</span></p><div id="pp-id-5287"><div class="w37192 h61022 pa t2 l3 wtro4 xx65 tro6 xx66"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t2736 l3">DKK </span><span class="pp-class-372 pa t2736 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2738 l61023 ls45">Sale </span><span class="pp-class-373 pa t2738 l61024">of </span><span class="pp-class-373 pa t2736 l43684 ls1531">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2738 l61025 ls1264">Purchase </span><span class="pp-class-373 pa t2736 l61026">of </span><span class="pp-class-373 pa t2736 l61027 ls1531">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2738 l61028 ls302">Receiv-</span><span class="pp-class-373 pa t2736 l61029 ls45">ables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2736 l61030">Liabilities</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t2751 l3 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61031 l3 ls128">Associates </span><span class="pp-class-372 pa t61031 l55714">and </span><span class="pp-class-372 pa t61031 l4135 ls907">joint </span><span class="pp-class-372 pa t61031 l44327 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61031 l36836">64</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61031 l61032">233</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61031 l50639">45</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61031 l54165 ls302">16</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61033 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61034 l3 ls128">Associates </span><span class="pp-class-372 pa t61034 l55714">and </span><span class="pp-class-372 pa t61034 l4135 ls907">joint </span><span class="pp-class-372 pa t61034 l44327 ls214">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61034 l61035">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61034 l61036">211</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61034 l61037">38</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61034 l42414">3</span></p></td></tr></table></div></div></div></div> <div id="pp-id-5264" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58209 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls4279">5.2 </span><span class="pp-class-370 pa t21055 l43638 ls864">Fee </span><span class="pp-class-370 pa t21055 l58210 ls2142">to </span><span class="pp-class-370 pa t21055 l58211 ls3498">Auditors </span><span class="pp-class-370 pa t21055 l13770 ls185">appointed </span><span class="pp-class-370 pa t21055 l58212 ls42711">at </span><span class="pp-class-370 pa t21055 l58213 ls2784">the </span><span class="pp-class-370 pa t21055 l58214 ls7756">Annual </span><span class="pp-class-370 pa t21055 l58215 ls19370">General </span><span class="pp-class-370 pa t21055 l58216 ls2671">Meeting</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3 ls254">Audit </span><span class="pp-class-372 pa t42308 l39300 ls43">fees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l58217">15</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l52948">15</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l3">Other </span><span class="pp-class-372 pa t42312 l8525 ls241">assurance </span><span class="pp-class-372 pa t42312 l3873 ls72">engagements</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l50235">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42312 l37588">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l3 ls3102">Tax </span><span class="pp-class-372 pa t42313 l42395">and </span><span class="pp-class-372 pa t42313 l58218 ls18197">VAT </span><span class="pp-class-372 pa t42313 l58219 ls166">advice</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l50147">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42313 l42414">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l3 ls842">Non-audit </span><span class="pp-class-372 pa t42319 l34171 ls1227">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42319 l58220">5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58221 l3 ls2459">Total </span><span class="pp-class-373 pa t58221 l29712 ls813">fees </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58221 l54156">21</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58221 l9789">23</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58222 l3 ls2127">PricewaterhouseCoopers </span><span class="pp-class-382 pa t58222 l58223 ls1463">Statsautoriseret </span><span class="pp-class-382 pa t58222 l32497 ls728">Revisionspartnerselskab, </span><span class="pp-class-382 pa t58222 l19093 ls1237">Denmark </span><span class="pp-class-382 pa t58222 l58224 ls1099">has </span><span class="pp-class-382 pa t58222 l58225 ls1321">performed </span><span class="pp-class-382 pa t58222 l58226 ls296">other </span><span class="pp-class-382 pa t58222 l58227 ls85">services </span><span class="pp-class-382 pa t58228 l3 ls1323">than </span><span class="pp-class-382 pa t58228 l58229 ls1099">the </span><span class="pp-class-382 pa t58228 l55568 ls2842">statutory </span><span class="pp-class-382 pa t58228 l57438 ls296">audit </span><span class="pp-class-382 pa t58228 l58230 ls2531">relating </span><span class="pp-class-382 pa t58228 l58231 ls1759">to </span><span class="pp-class-382 pa t58228 l58232 ls960">assurance </span><span class="pp-class-382 pa t58228 l58233 ls960">work </span><span class="pp-class-382 pa t58228 l58234 ls3278">for </span><span class="pp-class-382 pa t58228 l58235 ls3230">CSRD, </span><span class="pp-class-382 pa t58228 l29971 ls296">other </span><span class="pp-class-382 pa t58228 l58236 ls960">assurance </span><span class="pp-class-382 pa t58228 l58237 ls2694">opinions </span><span class="pp-class-382 pa t58228 l58238 ls1099">and </span><span class="pp-class-382 pa t58228 l58239 ls2842">agreed-upon </span><span class="pp-class-382 pa t58240 l3 ls2688">procedures, </span><span class="pp-class-382 pa t58240 l33970 ls1237">tax </span><span class="pp-class-382 pa t58240 l58241 ls238">assistance </span><span class="pp-class-382 pa t58240 l46661 ls2531">relating </span><span class="pp-class-382 pa t58240 l58242 ls1759">to </span><span class="pp-class-382 pa t58240 l58243 ls2970">restructurings, </span><span class="pp-class-382 pa t58240 l58244 ls1150">general </span><span class="pp-class-382 pa t58240 l58245 ls1237">tax </span><span class="pp-class-382 pa t58240 l58246 ls1941">advisory </span><span class="pp-class-382 pa t58240 l58247 ls858">and </span><span class="pp-class-382 pa t58240 l58248 ls296">other </span><span class="pp-class-382 pa t58240 l58249 ls1237">tax </span><span class="pp-class-382 pa t58240 l58250 ls819">compliance </span><span class="pp-class-382 pa t58240 l58251 ls1080">as </span><span class="pp-class-382 pa t58240 l58252 ls3474">well </span><span class="pp-class-382 pa t58253 l3 ls1080">as </span><span class="pp-class-382 pa t58253 l34384 ls296">other </span><span class="pp-class-382 pa t58253 l58254 ls1150">general </span><span class="pp-class-382 pa t58253 l58255 ls53">accounting </span><span class="pp-class-382 pa t58253 l47036 ls2142">advice.</span></p></div></div> <div id="pp-id-5265" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58267 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1736">5.3 </span><span class="pp-class-370 pa t21055 l43638 ls134">Share </span><span class="pp-class-370 pa t21055 l58268">based </span><span class="pp-class-370 pa t21055 l58269 ls1323">payment</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45774 l3 ls1323">Long-term </span><span class="pp-class-383 pa t45774 l16258 ls2854">incentives</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45789 l3 ls858">The </span><span class="pp-class-382 pa t45789 l16631 ls2694">decision </span><span class="pp-class-382 pa t45789 l58270 ls1759">to </span><span class="pp-class-382 pa t45789 l58271 ls1194">grant </span><span class="pp-class-382 pa t45789 l27534 ls1077">long-term </span><span class="pp-class-382 pa t45789 l47175 ls728">incentives </span><span class="pp-class-382 pa t45789 l58272 ls1080">is </span><span class="pp-class-382 pa t45789 l58273 ls1772">made </span><span class="pp-class-382 pa t45789 l58274 ls2784">by </span><span class="pp-class-382 pa t45789 l41771 ls1099">the </span><span class="pp-class-382 pa t45789 l58275 ls2784">Board </span><span class="pp-class-382 pa t45789 l58276 ls103">of </span><span class="pp-class-382 pa t45789 l58277 ls2944">Directors </span><span class="pp-class-382 pa t45789 l58278 ls1323">with </span><span class="pp-class-382 pa t45789 l54837 ls852">consideration </span><span class="pp-class-382 pa t45789 l58279 ls1759">to </span><span class="pp-class-382 pa t45789 l58280 ls1080">DFDS' </span><span class="pp-class-382 pa t45805 l3 ls7756">remuneration </span><span class="pp-class-382 pa t45805 l1279 ls2889">policy </span><span class="pp-class-382 pa t45805 l58281 ls185">approved </span><span class="pp-class-382 pa t45805 l58282 ls2784">by </span><span class="pp-class-382 pa t45805 l58283 ls858">the </span><span class="pp-class-382 pa t45805 l58284 ls2486">Annual </span><span class="pp-class-382 pa t45805 l58285 ls1150">General </span><span class="pp-class-382 pa t45805 l58286 ls1271">Meeting. </span><span class="pp-class-382 pa t45805 l45157 ls1323">With </span><span class="pp-class-382 pa t45805 l58287 ls2142">effect </span><span class="pp-class-382 pa t45805 l58288 ls1243">from </span><span class="pp-class-382 pa t45805 l58289 ls1323">2021 </span><span class="pp-class-382 pa t45805 l58290 ls1099">the </span><span class="pp-class-382 pa t45805 l58291 ls1077">long-term </span><span class="pp-class-382 pa t45805 l58292 ls1321">incentives </span><span class="pp-class-382 pa t45963 l3 ls3278">for </span><span class="pp-class-382 pa t45963 l48915 ls858">the </span><span class="pp-class-382 pa t45963 l58293 ls1463">Executive </span><span class="pp-class-382 pa t45963 l58294 ls2784">Board </span><span class="pp-class-382 pa t45963 l58295 ls858">and </span><span class="pp-class-382 pa t45963 l54681 ls1057">key </span><span class="pp-class-382 pa t45963 l58296 ls6007">employees </span><span class="pp-class-382 pa t45963 l58297 ls1237">consist </span><span class="pp-class-382 pa t45963 l58298 ls103">of </span><span class="pp-class-382 pa t45963 l58299 ls1150">two </span><span class="pp-class-382 pa t45963 l58300 ls806">components, </span><span class="pp-class-382 pa t45963 l58301 ls2784">Share </span><span class="pp-class-382 pa t45963 l46131 ls3474">options </span><span class="pp-class-382 pa t45963 l58302 ls858">and </span><span class="pp-class-382 pa t45963 l58303 ls2489">Restricted </span><span class="pp-class-382 pa t45963 l58304 ls728">Share </span><span class="pp-class-382 pa t45817 l3 ls1759">Units </span><span class="pp-class-382 pa t45817 l58305 ls2489">(RSUs) </span><span class="pp-class-382 pa t45817 l58306 ls2784">where </span><span class="pp-class-382 pa t45817 l58307 ls858">the </span><span class="pp-class-382 pa t45817 l46090 ls11799">award </span><span class="pp-class-382 pa t45817 l58308 ls1080">is </span><span class="pp-class-382 pa t45817 l58309 ls1759">split </span><span class="pp-class-382 pa t45817 l3306 ls1759">50/50 </span><span class="pp-class-382 pa t45817 l58310 ls1759">based </span><span class="pp-class-382 pa t45817 l58311 ls1080">on </span><span class="pp-class-382 pa t45817 l58312 ls1083">value </span><span class="pp-class-382 pa t45817 l58313 ls1080">as </span><span class="pp-class-382 pa t45817 l58314 ls1099">per </span><span class="pp-class-382 pa t45817 l58315 ls1194">grant </span><span class="pp-class-382 pa t45817 l54628 ls2688">date. </span><span class="pp-class-382 pa t45817 l58106 ls1080">In </span><span class="pp-class-382 pa t45817 l58316 ls1323">2023 </span><span class="pp-class-382 pa t45817 l58317 ls302">a </span><span class="pp-class-382 pa t45817 l58318 ls1110">further </span><span class="pp-class-382 pa t45817 l58319 ls2784">group </span><span class="pp-class-382 pa t45817 l58320 ls103">of </span><span class="pp-class-382 pa t45817 l58321 ls3458">key </span><span class="pp-class-382 pa t45975 l3 ls6007">employees </span><span class="pp-class-382 pa t45975 l41630 ls2848">were </span><span class="pp-class-382 pa t45975 l58322 ls4305">granted </span><span class="pp-class-382 pa t45975 l51579 ls1077">long-term </span><span class="pp-class-382 pa t45975 l58323 ls728">incentives </span><span class="pp-class-382 pa t45975 l58324 ls1080">in </span><span class="pp-class-382 pa t45975 l58325 ls1099">the </span><span class="pp-class-382 pa t45975 l57873 ls3278">form </span><span class="pp-class-382 pa t45975 l58326 ls103">of </span><span class="pp-class-382 pa t45975 l58327 ls1941">RSUs. </span><span class="pp-class-382 pa t45975 l58328 ls858">All </span><span class="pp-class-382 pa t45975 l45138 ls806">components </span><span class="pp-class-382 pa t45975 l58329 ls960">vest </span><span class="pp-class-382 pa t45975 l58330 ls1080">on </span><span class="pp-class-382 pa t45975 l58331 ls302">a </span><span class="pp-class-382 pa t45975 l58332 ls1316">straight-line </span><span class="pp-class-382 pa t45975 l58333 ls1080">basis </span><span class="pp-class-382 pa t45987 l3 ls2671">over </span><span class="pp-class-382 pa t45987 l58334 ls2784">three </span><span class="pp-class-382 pa t45987 l58335 ls2142">years </span><span class="pp-class-382 pa t45987 l58336 ls1243">from </span><span class="pp-class-382 pa t45987 l17658 ls858">the </span><span class="pp-class-382 pa t45987 l46560 ls852">date </span><span class="pp-class-382 pa t45987 l58337 ls103">of </span><span class="pp-class-382 pa t45987 l57505 ls2854">grant. </span><span class="pp-class-382 pa t45987 l58338 ls1237">Special </span><span class="pp-class-382 pa t45987 l58339 ls819">conditions </span><span class="pp-class-382 pa t45987 l58340 ls7094">apply </span><span class="pp-class-382 pa t45987 l58341 ls2145">regarding </span><span class="pp-class-382 pa t45987 l58342 ls1237">illness </span><span class="pp-class-382 pa t45987 l58343 ls1099">and </span><span class="pp-class-382 pa t45987 l58344 ls2889">death </span><span class="pp-class-382 pa t45987 l58345 ls1099">and </span><span class="pp-class-382 pa t45987 l58346 ls1080">if </span><span class="pp-class-382 pa t45987 l58347 ls1099">the </span><span class="pp-class-382 pa t45987 l58348 ls869">capital </span><span class="pp-class-382 pa t45999 l3 ls1083">structure </span><span class="pp-class-382 pa t45999 l58349 ls103">of </span><span class="pp-class-382 pa t45999 l57620 ls858">the </span><span class="pp-class-382 pa t45999 l58350 ls7096">Parent </span><span class="pp-class-382 pa t45999 l58351 ls2489">company </span><span class="pp-class-382 pa t45999 l58352 ls1080">is </span><span class="pp-class-382 pa t45999 l52567 ls2694">changed. </span><span class="pp-class-382 pa t45999 l58353 ls2784">Share </span><span class="pp-class-382 pa t45999 l40591 ls3474">options </span><span class="pp-class-382 pa t45999 l58354 ls858">and </span><span class="pp-class-382 pa t45999 l58355 ls187">RSUs </span><span class="pp-class-382 pa t45999 l47507 ls4305">granted </span><span class="pp-class-382 pa t45999 l58356 ls1099">can </span><span class="pp-class-382 pa t45999 l58357 ls650">only </span><span class="pp-class-382 pa t45999 l58358 ls1080">be </span><span class="pp-class-382 pa t45999 l58359 ls960">settled </span><span class="pp-class-382 pa t45999 l58360 ls1323">with </span><span class="pp-class-382 pa t45999 l58361 ls1101">shares. </span><span class="pp-class-382 pa t46012 l3 ls302">A </span><span class="pp-class-382 pa t46012 l50649 ls658">part </span><span class="pp-class-382 pa t46012 l58362 ls103">of </span><span class="pp-class-382 pa t46012 l58363 ls1099">the </span><span class="pp-class-382 pa t46012 l58364 ls2842">treasury </span><span class="pp-class-382 pa t46012 l40005 ls1083">shares </span><span class="pp-class-382 pa t46012 l34611 ls1080">is </span><span class="pp-class-382 pa t46012 l58365 ls1974">reserved </span><span class="pp-class-382 pa t46012 l58366 ls3278">for </span><span class="pp-class-382 pa t46012 l26927 ls2970">settling </span><span class="pp-class-382 pa t46012 l58367 ls1099">the </span><span class="pp-class-382 pa t46012 l58368 ls3474">outstanding </span><span class="pp-class-382 pa t46012 l58369 ls2784">share </span><span class="pp-class-382 pa t46012 l58370 ls1271">options, </span><span class="pp-class-382 pa t46012 l58371 ls187">RSUs </span><span class="pp-class-382 pa t46012 l58372 ls858">and </span><span class="pp-class-382 pa t46012 l58373 ls4275">phantom </span><span class="pp-class-382 pa t46012 l58374 ls1083">shares.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t46033 l3 ls2842">Share </span><span class="pp-class-383 pa t46033 l9665 ls1073">options</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55080 l3 ls2784">Share </span><span class="pp-class-382 pa t55080 l58375 ls3474">options </span><span class="pp-class-382 pa t55080 l58376 ls185">have </span><span class="pp-class-382 pa t55080 l55061 ls1323">been </span><span class="pp-class-382 pa t55080 l58377 ls4305">granted </span><span class="pp-class-382 pa t55080 l58378 ls1759">to </span><span class="pp-class-382 pa t55080 l30586 ls858">the </span><span class="pp-class-382 pa t55080 l58379 ls1463">Executive </span><span class="pp-class-382 pa t55080 l58380 ls2784">Board </span><span class="pp-class-382 pa t55080 l58381 ls1099">and </span><span class="pp-class-382 pa t55080 l58382 ls1057">key </span><span class="pp-class-382 pa t55080 l58383 ls852">employees. </span><span class="pp-class-382 pa t55080 l58384 ls8853">Each </span><span class="pp-class-382 pa t55080 l58385 ls2784">share </span><span class="pp-class-382 pa t55080 l58386 ls238">option </span><span class="pp-class-382 pa t55080 l58387 ls2142">gives </span><span class="pp-class-382 pa t55080 l58388 ls302">the </span><span class="pp-class-382 pa t46035 l3 ls2486">holder </span><span class="pp-class-382 pa t46035 l58389 ls103">of </span><span class="pp-class-382 pa t46035 l58390 ls1099">the </span><span class="pp-class-382 pa t46035 l58270 ls238">option </span><span class="pp-class-382 pa t46035 l58391 ls858">the </span><span class="pp-class-382 pa t46035 l58392 ls1305">right </span><span class="pp-class-382 pa t46035 l58393 ls1759">to </span><span class="pp-class-382 pa t46035 l58394 ls1243">acquire </span><span class="pp-class-382 pa t46035 l58395 ls858">one </span><span class="pp-class-382 pa t46035 l58396 ls8853">existing </span><span class="pp-class-382 pa t46035 l58397 ls2784">share </span><span class="pp-class-382 pa t46035 l58398 ls1080">in </span><span class="pp-class-382 pa t46035 l58399 ls858">the </span><span class="pp-class-382 pa t46035 l58400 ls7096">Parent </span><span class="pp-class-382 pa t46035 l58401 ls2489">company </span><span class="pp-class-382 pa t46035 l58402 ls103">of </span><span class="pp-class-382 pa t46035 l58403 ls1237">nominal </span><span class="pp-class-382 pa t46035 l58404 ls1099">DKK </span><span class="pp-class-382 pa t46035 l58405 ls3003">20. </span><span class="pp-class-382 pa t46035 l58406 ls1099">The </span><span class="pp-class-382 pa t46035 l58407 ls728">share </span><span class="pp-class-382 pa t46049 l3 ls238">option </span><span class="pp-class-382 pa t46049 l58408 ls1237">schemes </span><span class="pp-class-382 pa t46049 l58409 ls1759">equal </span><span class="pp-class-382 pa t46049 l58410 ls302">a </span><span class="pp-class-382 pa t46049 l30291 ls1305">right </span><span class="pp-class-382 pa t46049 l58411 ls1759">to </span><span class="pp-class-382 pa t46049 l58412 ls1243">acquire </span><span class="pp-class-382 pa t46049 l58413 ls7694">2.3% </span><span class="pp-class-382 pa t46049 l58414 ls103">of </span><span class="pp-class-382 pa t46049 l58415 ls1099">the </span><span class="pp-class-382 pa t46049 l58416 ls2784">share </span><span class="pp-class-382 pa t46049 l58398 ls806">capital </span><span class="pp-class-382 pa t46049 l58417 ls2486">(2023: </span><span class="pp-class-382 pa t46049 l58418 ls2851">1.9%) </span><span class="pp-class-382 pa t46049 l58419 ls1080">if </span><span class="pp-class-382 pa t46049 l58420 ls858">all </span><span class="pp-class-382 pa t46049 l43643 ls960">remaining </span><span class="pp-class-382 pa t46049 l58421 ls2784">share </span><span class="pp-class-382 pa t46049 l58422 ls187">options </span><span class="pp-class-382 pa t46059 l3 ls800">are </span><span class="pp-class-382 pa t46059 l43707 ls2848">exercised.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46064 l3 ls2784">Share </span><span class="pp-class-382 pa t46064 l58375 ls3474">options </span><span class="pp-class-382 pa t46064 l58376 ls2848">were </span><span class="pp-class-382 pa t46064 l58423 ls4305">granted </span><span class="pp-class-382 pa t46064 l35988 ls1080">in </span><span class="pp-class-382 pa t46064 l58424 ls1073">2016-2020 </span><span class="pp-class-382 pa t46064 l58425 ls1083">at </span><span class="pp-class-382 pa t46064 l58426 ls1080">an </span><span class="pp-class-382 pa t46064 l58427 ls19370">exercise </span><span class="pp-class-382 pa t46064 l58428 ls1759">price </span><span class="pp-class-382 pa t46064 l58429 ls1759">equal </span><span class="pp-class-382 pa t46064 l58430 ls1759">to </span><span class="pp-class-382 pa t46064 l58431 ls858">the </span><span class="pp-class-382 pa t46064 l58432 ls2796">average </span><span class="pp-class-382 pa t46064 l58433 ls2784">share </span><span class="pp-class-382 pa t46064 l58434 ls1759">price </span><span class="pp-class-382 pa t46064 l58435 ls103">of </span><span class="pp-class-382 pa t46064 l58436 ls858">the </span><span class="pp-class-382 pa t46064 l58437 ls4305">Parent </span><span class="pp-class-382 pa t46077 l3 ls2944">company’s </span><span class="pp-class-382 pa t46077 l58438 ls1083">shares </span><span class="pp-class-382 pa t46077 l58439 ls1080">20 </span><span class="pp-class-382 pa t46077 l24070 ls3377">days </span><span class="pp-class-382 pa t46077 l58440 ls800">before </span><span class="pp-class-382 pa t46077 l58441 ls858">the </span><span class="pp-class-382 pa t46077 l7879 ls1194">grant </span><span class="pp-class-382 pa t46077 l58442 ls1323">with </span><span class="pp-class-382 pa t46077 l58443 ls1080">an </span><span class="pp-class-382 pa t46077 l58444 ls1772">addition </span><span class="pp-class-382 pa t46077 l53742 ls103">of </span><span class="pp-class-382 pa t46077 l19220 ls1772">10%. </span><span class="pp-class-382 pa t46077 l58445 ls2784">Share </span><span class="pp-class-382 pa t46077 l58446 ls3474">options </span><span class="pp-class-382 pa t46077 l58447 ls800">are </span><span class="pp-class-382 pa t46077 l58448 ls4305">granted </span><span class="pp-class-382 pa t46077 l58449 ls1080">in </span><span class="pp-class-382 pa t46077 l58450 ls1323">2021 </span><span class="pp-class-382 pa t46077 l58451 ls302">and </span><span class="pp-class-382 pa t55141 l3 ls1150">later </span><span class="pp-class-382 pa t55141 l53313 ls1083">at </span><span class="pp-class-382 pa t55141 l58452 ls1080">an </span><span class="pp-class-382 pa t55141 l58453 ls19370">exercise </span><span class="pp-class-382 pa t55141 l58454 ls1759">price </span><span class="pp-class-382 pa t55141 l58455 ls1759">equal </span><span class="pp-class-382 pa t55141 l58456 ls1759">to </span><span class="pp-class-382 pa t55141 l58457 ls1099">the </span><span class="pp-class-382 pa t55141 l15759 ls2796">average </span><span class="pp-class-382 pa t55141 l58458 ls2784">share </span><span class="pp-class-382 pa t55141 l58459 ls1759">price </span><span class="pp-class-382 pa t55141 l58460 ls103">of </span><span class="pp-class-382 pa t55141 l58461 ls858">the </span><span class="pp-class-382 pa t55141 l58462 ls7096">Parent </span><span class="pp-class-382 pa t55141 l58463 ls2944">company’s </span><span class="pp-class-382 pa t55141 l58464 ls1083">shares </span><span class="pp-class-382 pa t55141 l58465 ls960">five </span><span class="pp-class-382 pa t55141 l58466 ls3377">days </span><span class="pp-class-382 pa t55141 l58467 ls2842">after </span><span class="pp-class-382 pa t55141 l58468 ls302">the </span><span class="pp-class-382 pa t46088 l3 ls1150">release </span><span class="pp-class-382 pa t46088 l4290 ls103">of </span><span class="pp-class-382 pa t46088 l47284 ls858">the </span><span class="pp-class-382 pa t46088 l58469 ls1080">Q4 </span><span class="pp-class-382 pa t46088 l58470 ls2842">report </span><span class="pp-class-382 pa t46088 l58471 ls1323">with </span><span class="pp-class-382 pa t46088 l54349 ls1080">an </span><span class="pp-class-382 pa t46088 l58472 ls1772">addition </span><span class="pp-class-382 pa t46088 l58473 ls103">of </span><span class="pp-class-382 pa t46088 l58474 ls1772">10%.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55164 l3 ls858">The </span><span class="pp-class-382 pa t55164 l16631 ls2784">share </span><span class="pp-class-382 pa t55164 l16157 ls3474">options </span><span class="pp-class-382 pa t55164 l58475 ls858">can </span><span class="pp-class-382 pa t55164 l42945 ls1080">be </span><span class="pp-class-382 pa t55164 l30903 ls2848">exercised </span><span class="pp-class-382 pa t55164 l58476 ls1323">when </span><span class="pp-class-382 pa t55164 l58477 ls302">a </span><span class="pp-class-382 pa t55164 l58478 ls1237">minimum </span><span class="pp-class-382 pa t55164 l58479 ls103">of </span><span class="pp-class-382 pa t55164 l58480 ls2784">three </span><span class="pp-class-382 pa t55164 l58481 ls2142">years </span><span class="pp-class-382 pa t55164 l58482 ls858">and </span><span class="pp-class-382 pa t55164 l58483 ls302">a </span><span class="pp-class-382 pa t55164 l58484 ls1237">maximum </span><span class="pp-class-382 pa t55164 l58485 ls103">of </span><span class="pp-class-382 pa t55164 l58486 ls960">five </span><span class="pp-class-382 pa t55164 l58487 ls2142">years </span><span class="pp-class-382 pa t55164 l58488 ls185">have </span><span class="pp-class-382 pa t55164 l58489 ls858">elapsed </span><span class="pp-class-382 pa t46106 l3 ls1759">since </span><span class="pp-class-382 pa t46106 l58490 ls858">the </span><span class="pp-class-382 pa t46106 l58491 ls1194">grant </span><span class="pp-class-382 pa t46106 l34283 ls1150">dates.</span></p></div></div><div id="pp-id-5266" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58492 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58494 ls230">Executive </span><span class="pp-class-373 pa t58495 l58496 ls241">Board</span><span class="pp-class-373 pa t58497 l58498">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58499 ls2143">Key </span><span class="pp-class-373 pa t58495 l58500 ls1955">employees</span><span class="pp-class-373 pa t58497 l58501">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l58502 ls1868 wtro3159 wtr1293 tro3160 tr1294">Resigned</span><span class="pp-class-373 pa t47616 l58503 ls3554 wtro3159 wtr1293 tro3160 tr1294">Executive</span><span class="pp-class-373 pa t47614 l58504 ls7855 wtro3159 wtr1293 tro3160 tr1294">Board </span><span class="pp-class-373 pa t47614 l58505 ls58506 wtro3159 wtr1293 tro3160 tr1294">mem-</span><span class="pp-class-373 pa t58493 l58507 ls3105 wtro3159 wtr1293 tro3160 tr1294">bers </span><span class="pp-class-373 pa t58493 l58508 ls103 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-373 pa t58495 l58509 ls3310 wtro3159 wtr1293 tro3160 tr1294">employees</span><span class="pp-class-373 pa t58497 l58510 ls2854 wtro3159 wtr1293 tro3160 tr1294">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58497 l58511 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47616 l58512 ls960">Average </span><span class="pp-class-373 pa t47614 l58513 ls2489">exercise</span><span class="pp-class-373 pa t58493 l58514">price </span><span class="pp-class-373 pa t58493 l58515">per </span><span class="pp-class-373 pa t58495 l58516 ls907">option </span><span class="pp-class-373 pa t58497 l58517">DKK</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58518 l42484 ls2835">at </span><span class="pp-class-372 pa t58518 l58519">1 </span><span class="pp-class-372 pa t58518 l18633 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58520 ls30469">417,534</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58521 ls1099">552,807</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58522 ls302">153,263</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58518 l58523 ls1112">1,123,604</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58524 ls650">315.93</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58525 l18276 ls997">between </span><span class="pp-class-372 pa t58525 l58526 ls1005">categories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58527 ls1772">-128,040</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58528 ls2688">-20,442</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58529 ls1083">148,482</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58525 l58530">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58531 ls650">306.61</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l3 ls180">Granted </span><span class="pp-class-372 pa t58532 l58533">during </span><span class="pp-class-372 pa t58532 l58534">the </span><span class="pp-class-372 pa t58532 l58535 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l41789 ls2970">113,932</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58536 ls11558">292,783</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58537">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58532 l58538 ls195">406,715</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58539 ls2760">238.00</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l3 ls671">Expired </span><span class="pp-class-372 pa t58540 l58541">during </span><span class="pp-class-372 pa t58540 l58542">the </span><span class="pp-class-372 pa t58540 l58543 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l16521 ls2970">-63,650</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58544 ls650">-69,669</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58545 ls2149">-69,898</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58540 l58546 ls7694">-203,217</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58547 ls10699">330.72</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58548 l47134">during </span><span class="pp-class-372 pa t58548 l58549">the </span><span class="pp-class-372 pa t58548 l58550 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l56121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l36727">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l58551 ls302">-12,860</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58548 l58552 ls278">-12,860</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58548 l58553">261.25</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l3">Outstanding </span><span class="pp-class-373 pa t58554 l58555 ls1323">at </span><span class="pp-class-373 pa t58554 l58556">31 </span><span class="pp-class-373 pa t58554 l58557">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58558 ls3387">339,776</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58559 ls14357">775,479</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58560 ls238">218,987</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58561 ls180">1,314,242</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58554 l58562 ls15062">290.07</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l3 ls3230">Of </span><span class="pp-class-372 pa t58563 l58564 ls2805">this </span><span class="pp-class-372 pa t58563 l58565 ls44116">exercisable </span><span class="pp-class-372 pa t58563 l58566 ls2766">at </span><span class="pp-class-372 pa t58563 l58567 ls8012">the </span><span class="pp-class-372 pa t58563 l58568 ls8012">end </span><span class="pp-class-372 pa t58563 l58569 ls3382">of </span><span class="pp-class-372 pa t58563 l58570 ls8012">the </span><span class="pp-class-372 pa t58563 l58571 ls10676">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58572 ls11799">138,715</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58573 ls2970">266,839</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58574 ls1055">167,595</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58563 l58575 ls1150">573,149</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58563 l58576 ls195">310.80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58578"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58579"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58580"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l58581"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58577 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58582 l46689">2023</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58583 l58494 ls230">Executive </span><span class="pp-class-373 pa t58584 l58496 ls241">Board</span><span class="pp-class-373 pa t58585 l58498">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58583 l58499 ls2143">Key </span><span class="pp-class-373 pa t58584 l58500 ls1955">employees</span><span class="pp-class-373 pa t58585 l58501">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58586 l58502 ls1868 wtro3159 wtr1293 tro3160 tr1294">Resigned</span><span class="pp-class-373 pa t58587 l58503 ls3554 wtro3159 wtr1293 tro3160 tr1294">Executive</span><span class="pp-class-373 pa t58588 l58504 ls7855 wtro3159 wtr1293 tro3160 tr1294">Board </span><span class="pp-class-373 pa t58588 l58505 ls58506 wtro3159 wtr1293 tro3160 tr1294">mem-</span><span class="pp-class-373 pa t58583 l58507 ls3105 wtro3159 wtr1293 tro3160 tr1294">bers </span><span class="pp-class-373 pa t58583 l58508 ls103 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-373 pa t58584 l58509 ls3310 wtro3159 wtr1293 tro3160 tr1294">employees</span><span class="pp-class-373 pa t58585 l58510 ls2854 wtro3159 wtr1293 tro3160 tr1294">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58585 l58511 ls3158">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58587 l58512 ls960">Average </span><span class="pp-class-373 pa t58588 l58513 ls2489">exercise</span><span class="pp-class-373 pa t58583 l58514">price </span><span class="pp-class-373 pa t58583 l58515">per </span><span class="pp-class-373 pa t58584 l58516 ls907">option </span><span class="pp-class-373 pa t58585 l58517">DKK</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58589 l42484 ls2835">at </span><span class="pp-class-372 pa t58589 l58519">1 </span><span class="pp-class-372 pa t58589 l18633 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58590 ls16">412,341</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58591 ls3623">555,590</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58592 ls42711">187,466</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58589 l58593 ls1257">1,155,397</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58589 l58594 ls1736">331.76</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58595 l18276 ls997">between </span><span class="pp-class-372 pa t58595 l58526 ls1005">categories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l56121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l58596 ls58">-71,010</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l58597 ls1118">71,010</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58595 l58530">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58595 l58598 ls214">332.84</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l3 ls180">Granted </span><span class="pp-class-372 pa t58599 l58533">during </span><span class="pp-class-372 pa t58599 l58534">the </span><span class="pp-class-372 pa t58599 l58535 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58600 ls656">69,707</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58601 ls2889">128,532</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58537">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58599 l58602 ls278">198,239</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58599 l58603 ls858">292.00</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l3 ls671">Expired </span><span class="pp-class-372 pa t58604 l58541">during </span><span class="pp-class-372 pa t58604 l58542">the </span><span class="pp-class-372 pa t58604 l58543 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l24821 ls2486">-49,213</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l58605 ls7729">-57,630</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l58606 ls58">-98,245</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58604 l58607 ls1073">-205,088</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58604 l58608 ls2760">383.00</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58609 l47134">during </span><span class="pp-class-372 pa t58609 l58549">the </span><span class="pp-class-372 pa t58609 l58550 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58610 ls2842">-15,301</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58611 ls4305">-2,675</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58612 ls650">-6,968</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58609 l58613 ls2482">-24,944</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58609 l58614 ls4343">374.80</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l3">Outstanding </span><span class="pp-class-373 pa t58615 l58555 ls1323">at </span><span class="pp-class-373 pa t58615 l58556">31 </span><span class="pp-class-373 pa t58615 l58557">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58616 ls15767">417,534</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58617 ls2835">552,807</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58618 ls278">153,263</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58523 ls1112">1,123,604</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58615 l58619 ls1772">315.93</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l3 ls3230">Of </span><span class="pp-class-372 pa t58620 l58564 ls2805">this </span><span class="pp-class-372 pa t58620 l58565 ls44116">exercisable </span><span class="pp-class-372 pa t58620 l58566 ls2766">at </span><span class="pp-class-372 pa t58620 l58567 ls8012">the </span><span class="pp-class-372 pa t58620 l58568 ls8012">end </span><span class="pp-class-372 pa t58620 l58569 ls3382">of </span><span class="pp-class-372 pa t58620 l58570 ls8012">the </span><span class="pp-class-372 pa t58620 l58571 ls10676">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l58621 ls1073">241,586</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l58622 ls2970">263,939</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l58623 ls3623">135,528</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58620 l58624 ls1252">641,053</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58620 l42850 ls3435">319.30</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58625 l3 ls858">The </span><span class="pp-class-382 pa t58625 l16631 ls2784">share </span><span class="pp-class-382 pa t58625 l16157 ls3474">options </span><span class="pp-class-382 pa t58625 l58475 ls4305">granted </span><span class="pp-class-382 pa t58625 l58626 ls1080">in </span><span class="pp-class-382 pa t58625 l58627 ls1150">2024 </span><span class="pp-class-382 pa t58625 l58628 ls1772">had </span><span class="pp-class-382 pa t58625 l58629 ls302">a </span><span class="pp-class-382 pa t58625 l16520 ls3278">fair </span><span class="pp-class-382 pa t58625 l58630 ls1083">value </span><span class="pp-class-382 pa t58625 l58631 ls103">of </span><span class="pp-class-382 pa t58625 l58632 ls1099">DKK </span><span class="pp-class-382 pa t58625 l58633 ls14041">13.4m </span><span class="pp-class-382 pa t58625 l58634 ls2486">(2023: </span><span class="pp-class-382 pa t58625 l58635 ls858">DKK </span><span class="pp-class-382 pa t58625 l58636 ls864">11.0m), </span><span class="pp-class-382 pa t58625 l58637 ls1759">equal </span><span class="pp-class-382 pa t58625 l58638 ls1759">to </span><span class="pp-class-382 pa t58625 l58639 ls1080">an </span><span class="pp-class-382 pa t58625 l58640 ls2796">average </span><span class="pp-class-382 pa t58625 l58641 ls866">fair </span><span class="pp-class-382 pa t58642 l3 ls1083">value </span><span class="pp-class-382 pa t58642 l1116 ls858">per </span><span class="pp-class-382 pa t58642 l4067 ls238">option </span><span class="pp-class-382 pa t58642 l58643 ls103">of </span><span class="pp-class-382 pa t58642 l58644 ls1099">DKK </span><span class="pp-class-382 pa t58642 l58645 ls18115">33.03 </span><span class="pp-class-382 pa t58642 l58646 ls2486">(2023: </span><span class="pp-class-382 pa t58642 l40566 ls858">DKK </span><span class="pp-class-382 pa t58642 l30840 ls10809">55.59).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58647 l3 ls1080">No </span><span class="pp-class-382 pa t58647 l52939 ls2784">share </span><span class="pp-class-382 pa t58647 l54893 ls3474">options </span><span class="pp-class-382 pa t58647 l43328 ls185">have </span><span class="pp-class-382 pa t58647 l58648 ls1323">been </span><span class="pp-class-382 pa t58647 l13638 ls2848">exercised </span><span class="pp-class-382 pa t58647 l58649 ls2486">during </span><span class="pp-class-382 pa t58647 l58650 ls1150">2024 </span><span class="pp-class-382 pa t58647 l58651 ls2486">(2023: </span><span class="pp-class-382 pa t58647 l58652 ls1323">nil).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t58653 l3 ls274 wtro3159 wtr1062 tro3160 tr1063">Vesting </span><span class="pp-class-382 pa t58653 l27612 ls287 wtro3159 wtr1062 tro3160 tr1063">of </span><span class="pp-class-382 pa t58653 l58654 ls110 wtro3159 wtr1062 tro3160 tr1063">share </span><span class="pp-class-382 pa t58653 l58655 ls37 wtro3159 wtr1062 tro3160 tr1063">options </span><span class="pp-class-382 pa t58653 l58656 wtro3159 wtr1062 tro3160 tr1063">is </span><span class="pp-class-382 pa t58653 l58657 ls1259 wtro3159 wtr1062 tro3160 tr1063">expensed </span><span class="pp-class-382 pa t58653 l58658 wtro3159 wtr1062 tro3160 tr1063">in </span><span class="pp-class-382 pa t58653 l58659 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t58653 l14967 wtro3159 wtr1062 tro3160 tr1063">income </span><span class="pp-class-382 pa t58653 l58660 ls78 wtro3159 wtr1062 tro3160 tr1063">statement </span><span class="pp-class-382 pa t58653 l58661 ls43 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t58653 l58662 ls16 wtro3159 wtr1062 tro3160 tr1063">2024 </span><span class="pp-class-382 pa t58653 l58663 wtro3159 wtr1062 tro3160 tr1063">with </span><span class="pp-class-382 pa t58653 l58664 wtro3159 wtr1062 tro3160 tr1063">DKK </span><span class="pp-class-382 pa t58653 l58665 ls332 wtro3159 wtr1062 tro3160 tr1063">10m </span><span class="pp-class-382 pa t58653 l58666 ls12 wtro3159 wtr1062 tro3160 tr1063">(2023: </span><span class="pp-class-382 pa t58653 l58667 ls12 wtro3159 wtr1062 tro3160 tr1063">DKK </span><span class="pp-class-382 pa t58653 l58668 ls12 wtro3159 wtr1062 tro3160 tr1063">8m). </span><span class="pp-class-382 pa t58653 l58669 ls12 wtro3159 wtr1062 tro3160 tr1063">The </span><span class="pp-class-382 pa t58670 l3 ls128 wtro3159 wtr1062 tro3160 tr1063">calculated </span><span class="pp-class-382 pa t58670 l58671 ls1005 wtro3159 wtr1062 tro3160 tr1063">fair </span><span class="pp-class-382 pa t58670 l58672 ls138 wtro3159 wtr1062 tro3160 tr1063">values </span><span class="pp-class-382 pa t58670 l58673 ls85 wtro3159 wtr1062 tro3160 tr1063">are </span><span class="pp-class-382 pa t58670 l58674 wtro3159 wtr1062 tro3160 tr1063">based </span><span class="pp-class-382 pa t58670 l58675 wtro3159 wtr1062 tro3160 tr1063">on </span><span class="pp-class-382 pa t58670 l58676 wtro3159 wtr1062 tro3160 tr1063">the </span><span class="pp-class-382 pa t58670 l58677 ls246 wtro3159 wtr1062 tro3160 tr1063">Black-Scholes </span><span class="pp-class-382 pa t58670 l58678 ls90 wtro3159 wtr1062 tro3160 tr1063">formula </span><span class="pp-class-382 pa t58670 l58679 ls43 wtro3159 wtr1062 tro3160 tr1063">for </span><span class="pp-class-382 pa t58670 l58680 wtro3159 wtr1062 tro3160 tr1063">measuring </span><span class="pp-class-382 pa t58670 l58681 ls110 wtro3159 wtr1062 tro3160 tr1063">share </span><span class="pp-class-382 pa t58670 l58682 ls813 wtro3159 wtr1062 tro3160 tr1063">options. </span><span class="pp-class-382 pa t58670 l58683 ls12 wtro3159 wtr1062 tro3160 tr1063">The </span><span class="pp-class-382 pa t58670 l58684 ls105 wtro3159 wtr1062 tro3160 tr1063">outstanding </span><span class="pp-class-382 pa t58685 l3 ls1868 wtro3159 wtr1724 tro3160 tr1725">options </span><span class="pp-class-382 pa t58685 l58686 ls1941 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t58685 l9833 ls1941 wtro3159 wtr1724 tro3160 tr1725">31 </span><span class="pp-class-382 pa t58685 l58687 ls5069 wtro3159 wtr1724 tro3160 tr1725">December </span><span class="pp-class-382 pa t58685 l58688 ls864 wtro3159 wtr1724 tro3160 tr1725">2024 </span><span class="pp-class-382 pa t58685 l30176 ls796 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t58685 l58689 ls1941 wtro3159 wtr1724 tro3160 tr1725">an </span><span class="pp-class-382 pa t58685 l58690 ls6100 wtro3159 wtr1724 tro3160 tr1725">average </span><span class="pp-class-382 pa t58685 l58691 ls7096 wtro3159 wtr1724 tro3160 tr1725">weighted </span><span class="pp-class-382 pa t58685 l58692 ls646 wtro3159 wtr1724 tro3160 tr1725">remaining </span><span class="pp-class-382 pa t58685 l58693 ls185 wtro3159 wtr1724 tro3160 tr1725">contractual </span><span class="pp-class-382 pa t58685 l58694 ls1859 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t58685 l58695 ls1073 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t58685 l58696 ls4275 wtro3159 wtr1724 tro3160 tr1725">2.2 </span><span class="pp-class-382 pa t58685 l58697 ls7855 wtro3159 wtr1724 tro3160 tr1725">years </span><span class="pp-class-382 pa t58685 l58698 ls2889 wtro3159 wtr1724 tro3160 tr1725">(2023: </span><span class="pp-class-382 pa t58685 l58699 ls3036 wtro3159 wtr1724 tro3160 tr1725">1.9 </span><span class="pp-class-382 pa t58685 l58700 ls650 wtro3159 wtr1724 tro3160 tr1725">years).</span></p></div></div><div id="pp-id-5267" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58702 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1736">5.3 </span><span class="pp-class-370 pa t21055 l43638 ls134">Share </span><span class="pp-class-370 pa t21055 l58268">based </span><span class="pp-class-370 pa t21055 l58269 ls1323">payment</span><span class="pp-class-371 pa t21055 l58703"/><span class="pp-class-371 pa t21055 l58704 ls155">(continued)</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td colspan="8" xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3 ls96">Assumptions </span><span class="pp-class-372 pa t42302 l28359">concerning </span><span class="pp-class-372 pa t42302 l17075">the </span><span class="pp-class-372 pa t42302 l58705 ls90">calculation </span><span class="pp-class-372 pa t42302 l58706 ls287">of </span><span class="pp-class-372 pa t42302 l58707 ls1005">fair </span><span class="pp-class-372 pa t42302 l58708 ls16">value </span><span class="pp-class-372 pa t42302 l58709 ls2835">at </span><span class="pp-class-372 pa t42302 l41729">time </span><span class="pp-class-372 pa t42302 l58710 ls287">of </span><span class="pp-class-372 pa t42302 l58711 ls198">grant:</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58712 l3 ls5258">Year </span><span class="pp-class-373 pa t58712 l36753">of </span><span class="pp-class-373 pa t58712 l51004 ls671">grant</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58713 l58714 ls931">Exercise </span><span class="pp-class-373 pa t58712 l58715">price</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58716 l58717 ls2835">Market </span><span class="pp-class-373 pa t58713 l58718">price </span><span class="pp-class-373 pa t58713 l58719 ls1323">at </span><span class="pp-class-373 pa t58712 l18350 ls254">grant </span><span class="pp-class-373 pa t58712 l58720 ls1955">date</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58713 l58721 ls287">Expected </span><span class="pp-class-373 pa t58712 l58722 ls658">volatility</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58716 l58723 ls1126">Risk-free </span><span class="pp-class-373 pa t58713 l58724 ls150">interest </span><span class="pp-class-373 pa t58712 l58725 ls830">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42308 l58726 ls287">Expected </span><span class="pp-class-373 pa t58727 l58728">annual</span><span class="pp-class-373 pa t58729 l58730">dividends </span><span class="pp-class-373 pa t58716 l58731">per </span><span class="pp-class-373 pa t58716 l58732 ls112">share </span><span class="pp-class-373 pa t58713 l58733">(DKK) </span><span class="pp-class-373 pa t58713 l58734 ls1323">at </span><span class="pp-class-373 pa t58712 l58735 ls254">grant </span><span class="pp-class-373 pa t58712 l58736 ls1955">date</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58713 l58737 ls287">Expected </span><span class="pp-class-373 pa t58712 l58738">term</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58729 l58739 ls813">Fair </span><span class="pp-class-373 pa t58729 l58740 ls110">value </span><span class="pp-class-373 pa t58716 l58741">per </span><span class="pp-class-373 pa t58716 l58742 ls907">option </span><span class="pp-class-373 pa t58713 l58743 ls1323">at </span><span class="pp-class-373 pa t58713 l58744">time </span><span class="pp-class-373 pa t58713 l58745">of </span><span class="pp-class-373 pa t58712 l58746 ls128">granting</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l3 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58748">238</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58749 ls58750">217.60</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58751 ls2760">33.06%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58752 ls276">2.55%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58753 ls1736">9.33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58754">3 </span><span class="pp-class-372 pa t58747 l58755 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58747 l58756 ls2955">33.03</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58758">292</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58759 ls7858">269.40</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l52604 ls2760">38.66%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58760 ls21295">2.79%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58761 ls3102">9.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58754">3 </span><span class="pp-class-372 pa t58757 l58755 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58757 l58762 ls3216">55.59</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l3">2022</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58764">344</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l55640 ls1734">307.20 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58765 ls858">34.60%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58766 ls1772">-0.19%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58767 ls1073">12.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58768"/><span class="pp-class-372 pa t58763 l58754">3 </span><span class="pp-class-372 pa t58763 l58755 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58763 l58769 ls203">41.38 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l3">2021</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58771">301</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58772 ls1099">271.00 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58773 ls214">34.81%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l55132 ls15062">-0.55%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58774 ls796">6.33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58768"/><span class="pp-class-372 pa t58770 l58754">3 </span><span class="pp-class-372 pa t58770 l58755 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58770 l58775 ls858">42.66 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l3">2020</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58777 ls2835">314</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l5669 ls198">262.40 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58778 ls14077">27.27%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58779 ls10699">-0.72%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58761 ls3102">9.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58768"/><span class="pp-class-372 pa t58776 l58754">3 </span><span class="pp-class-372 pa t58776 l58755 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58776 l58780 ls195">19.67 </span></p></td></tr></table><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t58781 l3 ls858">The </span><span class="pp-class-382 pa t58781 l16631 ls828">expected </span><span class="pp-class-382 pa t58781 l58782 ls1083">volatility </span><span class="pp-class-382 pa t58781 l51619 ls3278">for </span><span class="pp-class-382 pa t58781 l58783 ls1323">2020 </span><span class="pp-class-382 pa t58781 l58784 ls1759">to </span><span class="pp-class-382 pa t58781 l58628 ls1150">2024 </span><span class="pp-class-382 pa t58781 l58785 ls1080">is </span><span class="pp-class-382 pa t58781 l58786 ls1759">based </span><span class="pp-class-382 pa t58781 l58787 ls1080">on </span><span class="pp-class-382 pa t58781 l58788 ls858">the </span><span class="pp-class-382 pa t58781 l58789 ls238">historical </span><span class="pp-class-382 pa t58781 l58790 ls1083">volatility </span><span class="pp-class-382 pa t58781 l58791 ls3278">for </span><span class="pp-class-382 pa t58781 l55996 ls858">the </span><span class="pp-class-382 pa t58781 l58792 ls1323">past </span><span class="pp-class-382 pa t58781 l58793 ls2784">three </span><span class="pp-class-382 pa t58781 l58794 ls2889">years. </span><span class="pp-class-382 pa t58781 l58795 ls858">The </span><span class="pp-class-382 pa t58781 l58796 ls9827">risk-</span><span class="pp-class-382 pa t58797 l3 ls1243">free </span><span class="pp-class-382 pa t58797 l58798 ls2784">interest </span><span class="pp-class-382 pa t58797 l58799 ls3216">rate </span><span class="pp-class-382 pa t58797 l58800 ls1080">is </span><span class="pp-class-382 pa t58797 l58801 ls1759">based </span><span class="pp-class-382 pa t58797 l33913 ls1080">on </span><span class="pp-class-382 pa t58797 l58802 ls2113">three-year </span><span class="pp-class-382 pa t58797 l58803 ls2486">Danish </span><span class="pp-class-382 pa t58797 l32073 ls6007">government </span><span class="pp-class-382 pa t58797 l49908 ls1759">bonds.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-383 pa t58804 l3 ls806">Restricted </span><span class="pp-class-383 pa t58804 l51479 ls1759">Stock </span><span class="pp-class-383 pa t58804 l58805 ls1759">Units </span><span class="pp-class-383 pa t58804 l54096 ls1073">(RSUs)</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t58806 l3 ls187">RSUs </span><span class="pp-class-382 pa t58806 l58807 ls185">have </span><span class="pp-class-382 pa t58806 l58808 ls1323">been </span><span class="pp-class-382 pa t58806 l2917 ls4305">granted </span><span class="pp-class-382 pa t58806 l58809 ls1759">to </span><span class="pp-class-382 pa t58806 l23014 ls858">the </span><span class="pp-class-382 pa t58806 l58810 ls1463">Executive </span><span class="pp-class-382 pa t58806 l58811 ls2784">Board </span><span class="pp-class-382 pa t58806 l58812 ls858">and </span><span class="pp-class-382 pa t58806 l58813 ls1057">key </span><span class="pp-class-382 pa t58806 l58814 ls852">employees. </span><span class="pp-class-382 pa t58806 l58815 ls8853">Each </span><span class="pp-class-382 pa t58806 l58816 ls1323">RSU </span><span class="pp-class-382 pa t58806 l58817 ls2142">gives </span><span class="pp-class-382 pa t58806 l58818 ls858">the </span><span class="pp-class-382 pa t58806 l58819 ls2486">holder </span><span class="pp-class-382 pa t58806 l58820 ls302">a </span><span class="pp-class-382 pa t58806 l58821 ls1305">right </span><span class="pp-class-382 pa t58806 l58822 ls302">to </span><span class="pp-class-382 pa t58823 l3 ls2145">receive </span><span class="pp-class-382 pa t58823 l58824 ls858">one </span><span class="pp-class-382 pa t58823 l29357 ls8853">existing </span><span class="pp-class-382 pa t58823 l58825 ls2784">share </span><span class="pp-class-382 pa t58823 l58826 ls1080">in </span><span class="pp-class-382 pa t58823 l58827 ls858">the </span><span class="pp-class-382 pa t58823 l58828 ls7096">Parent </span><span class="pp-class-382 pa t58823 l58829 ls2489">company </span><span class="pp-class-382 pa t58823 l58830 ls103">of </span><span class="pp-class-382 pa t58823 l58831 ls1237">nominal </span><span class="pp-class-382 pa t58823 l58832 ls1099">DKK </span><span class="pp-class-382 pa t58823 l58833 ls1080">20 </span><span class="pp-class-382 pa t58823 l58834 ls1323">when </span><span class="pp-class-382 pa t58823 l53156 ls1099">the </span><span class="pp-class-382 pa t58823 l58835 ls2113">three-year </span><span class="pp-class-382 pa t58823 l58836 ls728">vesting </span><span class="pp-class-382 pa t58823 l58837 ls2486">period </span><span class="pp-class-382 pa t58823 l58838 ls302">has </span><span class="pp-class-382 pa t58839 l3 ls2694">elapsed. </span><span class="pp-class-382 pa t58839 l45988 ls858">The </span><span class="pp-class-382 pa t58839 l58840 ls187">RSUs </span><span class="pp-class-382 pa t58839 l58841 ls1759">equal </span><span class="pp-class-382 pa t58839 l58842 ls302">a </span><span class="pp-class-382 pa t58839 l35362 ls1305">right </span><span class="pp-class-382 pa t58839 l54492 ls1759">to </span><span class="pp-class-382 pa t58839 l58843 ls2145">receive </span><span class="pp-class-382 pa t58839 l58844 ls2147">0.28% </span><span class="pp-class-382 pa t58839 l58845 ls2486">(2023: </span><span class="pp-class-382 pa t58839 l58846 ls2983">0.17%) </span><span class="pp-class-382 pa t58839 l58847 ls103">of </span><span class="pp-class-382 pa t58839 l58848 ls1099">the </span><span class="pp-class-382 pa t58839 l58849 ls2784">share </span><span class="pp-class-382 pa t58839 l58850 ls806">capital </span><span class="pp-class-382 pa t58839 l58851 ls1080">if </span><span class="pp-class-382 pa t58839 l58852 ls858">all </span><span class="pp-class-382 pa t58839 l58853 ls960">remaining </span><span class="pp-class-382 pa t58839 l58854 ls187">RSUs </span><span class="pp-class-382 pa t58839 l58855 ls2970">are </span><span class="pp-class-382 pa t58856 l3 ls11245">transferred. </span><span class="pp-class-382 pa t58856 l17226 ls2145">Vesting </span><span class="pp-class-382 pa t58856 l58857 ls103">of </span><span class="pp-class-382 pa t58856 l58858 ls187">RSUs </span><span class="pp-class-382 pa t58856 l46811 ls1080">is </span><span class="pp-class-382 pa t58856 l58859 ls8853">expensed </span><span class="pp-class-382 pa t58856 l58860 ls1080">in </span><span class="pp-class-382 pa t58856 l58861 ls858">the </span><span class="pp-class-382 pa t58856 l58862 ls2486">income </span><span class="pp-class-382 pa t58856 l58863 ls1150">statement </span><span class="pp-class-382 pa t58856 l58864 ls3278">for </span><span class="pp-class-382 pa t58856 l49759 ls1150">2024 </span><span class="pp-class-382 pa t58856 l58865 ls1323">with </span><span class="pp-class-382 pa t58856 l36837 ls858">DKK </span><span class="pp-class-382 pa t58856 l58866 ls858">13m </span><span class="pp-class-382 pa t58856 l58867 ls2486">(2023: </span><span class="pp-class-382 pa t58856 l58868 ls1099">DKK </span><span class="pp-class-382 pa t58856 l58869 ls1099">9m).</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t58870 l3 ls858">The </span><span class="pp-class-382 pa t58870 l16631 ls2486">number </span><span class="pp-class-382 pa t58870 l42929 ls103">of </span><span class="pp-class-382 pa t58870 l58871 ls187">RSUs </span><span class="pp-class-382 pa t58870 l58872 ls4305">granted </span><span class="pp-class-382 pa t58870 l58873 ls1080">in </span><span class="pp-class-382 pa t58870 l29207 ls1323">2021 </span><span class="pp-class-382 pa t58870 l58874 ls858">and </span><span class="pp-class-382 pa t58870 l16774 ls1150">later </span><span class="pp-class-382 pa t58870 l51046 ls1080">is </span><span class="pp-class-382 pa t58870 l58875 ls1759">based </span><span class="pp-class-382 pa t58870 l58876 ls1080">on </span><span class="pp-class-382 pa t58870 l58877 ls858">the </span><span class="pp-class-382 pa t58870 l58878 ls2796">average </span><span class="pp-class-382 pa t58870 l58879 ls2784">share </span><span class="pp-class-382 pa t58870 l58880 ls1759">price </span><span class="pp-class-382 pa t58870 l58881 ls103">of </span><span class="pp-class-382 pa t58870 l58882 ls858">the </span><span class="pp-class-382 pa t58870 l58883 ls864">Parent </span><span class="pp-class-382 pa t58870 l58884 ls8853">company’s </span><span class="pp-class-382 pa t58885 l3 ls1083">shares </span><span class="pp-class-382 pa t58885 l58886 ls960">five </span><span class="pp-class-382 pa t58885 l30466 ls3377">days </span><span class="pp-class-382 pa t58885 l34035 ls2842">after </span><span class="pp-class-382 pa t58885 l58887 ls858">the </span><span class="pp-class-382 pa t58885 l58888 ls1150">release </span><span class="pp-class-382 pa t58885 l49753 ls103">of </span><span class="pp-class-382 pa t58885 l58889 ls858">the </span><span class="pp-class-382 pa t58885 l58890 ls1080">Q4 </span><span class="pp-class-382 pa t58885 l58891 ls296">report.</span></p></div></div><div id="pp-id-5268" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h58892 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l37195 ls332">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58893 ls230">Executive </span><span class="pp-class-373 pa t58495 l58894 ls241">Board</span><span class="pp-class-373 pa t58497 l58895">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58493 l58896 ls2143">Key </span><span class="pp-class-373 pa t58495 l58897 ls1955">employees</span><span class="pp-class-373 pa t58497 l58898">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t47614 l58899">Other </span><span class="pp-class-373 pa t58493 l58900 ls175">managerial</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58495 l58901 ls43">staff</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58497 l58902">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t30329 l58903 ls1868 wtro3159 wtr1724 tro3160 tr1725">Resigned</span><span class="pp-class-373 pa t47616 l58904 ls3554 wtro3159 wtr1724 tro3160 tr1725">Executive</span><span class="pp-class-373 pa t47614 l58905 ls7855 wtro3159 wtr1724 tro3160 tr1725">Board </span><span class="pp-class-373 pa t47614 l58906 ls2113 wtro3159 wtr1724 tro3160 tr1725">mem-</span><span class="pp-class-373 pa t58493 l58907 ls3105 wtro3159 wtr1724 tro3160 tr1725">bers </span><span class="pp-class-373 pa t58493 l58908 ls103 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-373 pa t58495 l58909 ls3310 wtro3159 wtr1724 tro3160 tr1725">employees</span><span class="pp-class-373 pa t58497 l58910 ls2854 wtro3159 wtr1724 tro3160 tr1725">Number</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58497 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58518 l42484 ls2835">at </span><span class="pp-class-372 pa t58518 l58519">1 </span><span class="pp-class-372 pa t58518 l18633 ls1969">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58911 ls2760">29,124</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58912 ls195">49,622</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58913 ls4305">20,207</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58518 l58914 ls8265">2,647</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58518 l58915 ls5558">101,600</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58525 l18276 ls997">between </span><span class="pp-class-372 pa t58525 l58526 ls1005">categories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l15936 ls858">-5,112</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58916 ls2842">-3,361</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58917 ls14434">-5,707</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58525 l58918 ls110">14,180</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58525 l47248">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l3 ls180">Granted </span><span class="pp-class-372 pa t58532 l58533">during </span><span class="pp-class-372 pa t58532 l58534">the </span><span class="pp-class-372 pa t58532 l58535 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58919 ls58920">17,364</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58921 ls858">44,622</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l58922 ls2688">28,307</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58532 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58532 l58923 ls58">90,293</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l3 ls103">Vested </span><span class="pp-class-372 pa t58540 l58924">in </span><span class="pp-class-372 pa t58540 l37874">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l27056 ls2854">-8,844</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58925 ls16">-11,312</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58926">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58540 l58927 ls858">-2,009</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58540 l58928 ls175">-22,165</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58929 l47134">during </span><span class="pp-class-372 pa t58929 l58549">the </span><span class="pp-class-372 pa t58929 l58550 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58930">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58931">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58926">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58929 l58932 ls7729">-7,535</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58929 l58933 ls17717">-7,535</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l3">Outstanding </span><span class="pp-class-373 pa t58934 l58555 ls1323">at </span><span class="pp-class-373 pa t58934 l58556">31 </span><span class="pp-class-373 pa t58934 l58557">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58935 ls274">32,532</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58936 ls2147">79,571</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58937 ls1080">42,807</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58938 ls37002">7,283</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58934 l58939 ls175">162,193</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l3 ls1080">Of </span><span class="pp-class-372 pa t58940 l58941 ls1323">this </span><span class="pp-class-372 pa t58940 l16507 ls7858">exercisable </span><span class="pp-class-372 pa t58940 l58942 ls1083">at </span><span class="pp-class-372 pa t58940 l52057 ls858">the </span><span class="pp-class-372 pa t58940 l49880 ls858">end </span><span class="pp-class-372 pa t58940 l58943 ls103">of </span><span class="pp-class-372 pa t58940 l58944 ls858">the </span><span class="pp-class-372 pa t58940 l58945 ls1150">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l58930">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l58931">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l58926">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58940 l48723">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58940 l47248">0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l3"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l18201"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l58947"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l48692"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58946 l50423"/></p></td></tr></table><div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58948 l46689">2023</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58949 l58893 ls230">Executive </span><span class="pp-class-373 pa t58950 l58894 ls241">Board</span><span class="pp-class-373 pa t58951 l58895">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58949 l58896 ls2143">Key </span><span class="pp-class-373 pa t58950 l58897 ls1955">employees</span><span class="pp-class-373 pa t58951 l58898">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58952 l58899">Other </span><span class="pp-class-373 pa t58949 l58900 ls175">managerial</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58950 l58901 ls43">staff</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58951 l58902">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58953 l58954 ls2842 wtro3159 wtr1293 tro3160 tr1294">Resigned</span><span class="pp-class-373 pa t58955 l58956 ls1742 wtro3159 wtr1293 tro3160 tr1294">Executive</span><span class="pp-class-373 pa t58952 l58957 ls1148 wtro3159 wtr1293 tro3160 tr1294">Board </span><span class="pp-class-373 pa t58952 l58958 ls1073 wtro3159 wtr1293 tro3160 tr1294">mem-</span><span class="pp-class-373 pa t58949 l58959 ls3474 wtro3159 wtr1293 tro3160 tr1294">bers </span><span class="pp-class-373 pa t58949 l58960 ls1955 wtro3159 wtr1293 tro3160 tr1294">and </span><span class="pp-class-373 pa t58950 l58961 ls3230 wtro3159 wtr1293 tro3160 tr1294">employees</span><span class="pp-class-373 pa t58951 l58962 ls1772 wtro3159 wtr1293 tro3160 tr1294">Number</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58951 l37196 ls3158">Total</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l3 ls105">Outstanding </span><span class="pp-class-372 pa t58963 l42484 ls2835">at </span><span class="pp-class-372 pa t58963 l58519">1 </span><span class="pp-class-372 pa t58963 l18633 ls1969">January</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58964 ls8622">17,409</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58965 ls3477">24,626</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58926">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58963 l58966 ls4305">1,924</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58963 l58967 ls1759">43,959</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l3 ls7694">Transferred </span><span class="pp-class-372 pa t58968 l18276 ls997">between </span><span class="pp-class-372 pa t58968 l58526 ls1005">categories</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l58930">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l306 ls203">-1,364</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l58926">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58968 l58969 ls88">1,364</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58968 l47248">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l3 ls180">Granted </span><span class="pp-class-372 pa t58970 l58533">during </span><span class="pp-class-372 pa t58970 l58534">the </span><span class="pp-class-372 pa t58970 l58535 ls124">year</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l40958 ls53">14,600</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l58971 ls650">26,920</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l58972 ls195">20,623</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58970 l48723">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58970 l58973 ls1264">62,143</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l3 ls241">Forfeited </span><span class="pp-class-372 pa t58974 l47134">during </span><span class="pp-class-372 pa t58974 l58549">the </span><span class="pp-class-372 pa t58974 l58550 ls124">year</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58975 ls214">-2,885</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58976">-560</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58977 ls332">-416</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58974 l58978">-641</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58974 l58979 ls274">-4,502</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l3">Outstanding </span><span class="pp-class-373 pa t58980 l58555 ls1323">at </span><span class="pp-class-373 pa t58980 l58556">31 </span><span class="pp-class-373 pa t58980 l58557">December</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58981 ls296">29,124</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58982 ls646">49,622</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58983 ls5039">20,207</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58984 ls14385">2,647</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58980 l58915 ls5558">101,600</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l3 ls1080">Of </span><span class="pp-class-372 pa t58985 l58941 ls1323">this </span><span class="pp-class-372 pa t58985 l16507 ls7858">exercisable </span><span class="pp-class-372 pa t58985 l58942 ls1083">at </span><span class="pp-class-372 pa t58985 l52057 ls858">the </span><span class="pp-class-372 pa t58985 l49880 ls858">end </span><span class="pp-class-372 pa t58985 l58943 ls103">of </span><span class="pp-class-372 pa t58985 l58944 ls858">the </span><span class="pp-class-372 pa t58985 l58945 ls1150">year</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l58930">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l58931">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l58926">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58985 l48723">-</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-373 pa t58985 l47248">0</span></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l3"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l18201"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l58947"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l48692"/></p></div><div><p class="pp-class-365 pp-area-text"><span class="pp-class-372 pa t58986 l50423"/></p></div></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58987 l3 ls5258">Year </span><span class="pp-class-373 pa t58987 l36753">of </span><span class="pp-class-373 pa t58988 l3 ls671">grant</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58987 l58989 ls287">Expected </span><span class="pp-class-373 pa t58988 l58990">term</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t58991 l58992 ls813">Fair </span><span class="pp-class-373 pa t58991 l58993 ls110">value </span><span class="pp-class-373 pa t58994 l21121">per </span><span class="pp-class-373 pa t58994 l58995 ls112">share </span><span class="pp-class-373 pa t58987 l58996 ls1323">at </span><span class="pp-class-373 pa t58987 l58997">time </span><span class="pp-class-373 pa t58987 l58998">of </span><span class="pp-class-373 pa t58988 l58999 ls128">granting</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59000 l3 ls302">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59000 l59001">3 </span><span class="pp-class-372 pa t59000 l59002 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59000 l59003 ls742">216.72</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59004 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59004 l59005"/><span class="pp-class-372 pa t59004 l59001">3 </span><span class="pp-class-372 pa t59004 l59002 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59004 l59006 ls1194">265.42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59007 l3">2022</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59007 l59005"/><span class="pp-class-372 pa t59007 l59001">3 </span><span class="pp-class-372 pa t59007 l59002 ls78">years </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59007 l59008 ls214">313.15</span></p></td></tr></table></div></div><div id="pp-id-5246" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h53211 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls1736">5.3 </span><span class="pp-class-370 pa t21055 l43638 ls134">Share </span><span class="pp-class-370 pa t21055 l58268">based </span><span class="pp-class-370 pa t21055 l58269 ls1323">payment</span><span class="pp-class-371 pa t21055 l58703"/><span class="pp-class-371 pa t21055 l58704 ls155">(continued)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45774 l3 ls3630">Employee </span><span class="pp-class-383 pa t45774 l36937 ls53">recognition</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45789 l3 ls1080">In </span><span class="pp-class-382 pa t45789 l43891 ls2694">December </span><span class="pp-class-382 pa t45789 l59010 ls1323">2020 </span><span class="pp-class-382 pa t45789 l59011 ls1080">up </span><span class="pp-class-382 pa t45789 l45023 ls1759">to </span><span class="pp-class-382 pa t45789 l16691 ls1080">50 </span><span class="pp-class-382 pa t45789 l59012 ls1083">shares </span><span class="pp-class-382 pa t45789 l59013 ls1243">free </span><span class="pp-class-382 pa t45789 l17340 ls103">of </span><span class="pp-class-382 pa t45789 l49740 ls1083">charge </span><span class="pp-class-382 pa t45789 l55198 ls2848">were </span><span class="pp-class-382 pa t45789 l59014 ls6791">awarded </span><span class="pp-class-382 pa t45789 l59015 ls1759">to </span><span class="pp-class-382 pa t45789 l59016 ls1772">each </span><span class="pp-class-382 pa t45789 l59017 ls2688">employee. </span><span class="pp-class-382 pa t45789 l59018 ls858">The </span><span class="pp-class-382 pa t45789 l47997 ls1083">shares </span><span class="pp-class-382 pa t45789 l59019 ls185">have </span><span class="pp-class-382 pa t45789 l59020 ls2842">vested </span><span class="pp-class-382 pa t45805 l3 ls2671">over </span><span class="pp-class-382 pa t45805 l58334 ls302">a </span><span class="pp-class-382 pa t45805 l59021 ls2113">three-year </span><span class="pp-class-382 pa t45805 l59022 ls2486">period </span><span class="pp-class-382 pa t45805 l59023 ls1243">from </span><span class="pp-class-382 pa t45805 l59024 ls3572">January </span><span class="pp-class-382 pa t45805 l59025 ls1323">2021 </span><span class="pp-class-382 pa t45805 l59026 ls1759">to </span><span class="pp-class-382 pa t45805 l44524 ls2694">December </span><span class="pp-class-382 pa t45805 l59027 ls1323">2023 </span><span class="pp-class-382 pa t45805 l59028 ls1080">on </span><span class="pp-class-382 pa t45805 l59029 ls302">a </span><span class="pp-class-382 pa t45805 l59030 ls1316">straight-line </span><span class="pp-class-382 pa t45805 l59031 ls2486">basis. </span><span class="pp-class-382 pa t45805 l59032 ls650">Only </span><span class="pp-class-382 pa t45805 l59033 ls960">employees </span><span class="pp-class-382 pa t45963 l3 ls728">working </span><span class="pp-class-382 pa t45963 l59034 ls1150">through </span><span class="pp-class-382 pa t45963 l59035 ls858">the </span><span class="pp-class-382 pa t45963 l59036 ls1323">full </span><span class="pp-class-382 pa t45963 l59037 ls728">vesting </span><span class="pp-class-382 pa t45963 l9942 ls2486">period </span><span class="pp-class-382 pa t45963 l11882 ls2848">were </span><span class="pp-class-382 pa t45963 l59038 ls830">entitled </span><span class="pp-class-382 pa t45963 l59039 ls1759">to </span><span class="pp-class-382 pa t45963 l59040 ls858">the </span><span class="pp-class-382 pa t45963 l59041 ls1101">shares. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45975 l3 ls1736">69,490 </span><span class="pp-class-382 pa t45975 l30136 ls1083">shares </span><span class="pp-class-382 pa t45975 l16255 ls185">have </span><span class="pp-class-382 pa t45975 l59042 ls1323">been </span><span class="pp-class-382 pa t45975 l59043 ls864">transferred </span><span class="pp-class-382 pa t45975 l59044 ls2486">during </span><span class="pp-class-382 pa t45975 l59045 ls1150">2024 </span><span class="pp-class-382 pa t45975 l59046 ls2486">(2023: </span><span class="pp-class-382 pa t45975 l59047 ls17722">37,067 </span><span class="pp-class-382 pa t45975 l59048 ls2944">shares). </span><span class="pp-class-382 pa t45975 l59049 ls2145">Vesting </span><span class="pp-class-382 pa t45975 l59050 ls103">of </span><span class="pp-class-382 pa t45975 l59051 ls1083">shares </span><span class="pp-class-382 pa t45975 l59052 ls3278">for </span><span class="pp-class-382 pa t45975 l59053 ls1150">2024 </span><span class="pp-class-382 pa t45975 l59054 ls1080">is </span><span class="pp-class-382 pa t45975 l59055 ls278">an </span><span class="pp-class-382 pa t45987 l3 ls1150">expense </span><span class="pp-class-382 pa t45987 l59056 ls103">of </span><span class="pp-class-382 pa t45987 l59057 ls858">DKK </span><span class="pp-class-382 pa t45987 l59058 ls1080">3m </span><span class="pp-class-382 pa t45987 l59059 ls2486">(2023: </span><span class="pp-class-382 pa t45987 l58626 ls858">DKK </span><span class="pp-class-382 pa t45987 l59060 ls1323">13m).</span></p><div id="pp-id-5269"><div class="w37192 h59061 pa t2 l3 wtro4 xx29 tro6 xx30"/></div></div></div><div class="pp-class-10" id="pp-id-5272" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx22795 tro6 xx22796"><div id="pp-id-5271"><div class="pp-class-363 pp-class-395" id="pp-id-5270"><div class="w37231 h59062 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls2784">Group </span><span class="pp-class-382 pa t29793 l4002 ls858">has </span><span class="pp-class-382 pa t29793 l44886 ls830">set </span><span class="pp-class-382 pa t29793 l3436 ls1080">up </span><span class="pp-class-382 pa t29793 l28360 ls5069">equity-settled </span><span class="pp-class-382 pa t29793 l50488 ls2784">share </span><span class="pp-class-382 pa t29793 l59063 ls238">option </span><span class="pp-class-382 pa t29793 l17613 ls1759">plans </span><span class="pp-class-382 pa t29793 l59064 ls1099">and </span><span class="pp-class-382 pa t29793 l59065 ls1941">RSUs. </span><span class="pp-class-382 pa t29793 l59066 ls1739">Treasury </span><span class="pp-class-382 pa t29793 l59067 ls1083">shares </span><span class="pp-class-382 pa t29793 l45660 ls800">are </span><span class="pp-class-382 pa t29793 l59068 ls1323">used </span><span class="pp-class-382 pa t29793 l59069 ls3278">for </span><span class="pp-class-382 pa t29793 l59070 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2784">share </span><span class="pp-class-382 pa t29798 l55341 ls238">option </span><span class="pp-class-382 pa t29798 l43245 ls1759">plans </span><span class="pp-class-382 pa t29798 l59071 ls858">and </span><span class="pp-class-382 pa t29798 l59072 ls858">the </span><span class="pp-class-382 pa t29798 l50908 ls1941">RSUs. </span><span class="pp-class-382 pa t29798 l37295 ls858">The </span><span class="pp-class-382 pa t29798 l48872 ls1083">value </span><span class="pp-class-382 pa t29798 l59073 ls103">of </span><span class="pp-class-382 pa t29798 l59074 ls1099">services </span><span class="pp-class-382 pa t29798 l59075 ls3377">received </span><span class="pp-class-382 pa t29798 l59076 ls1080">in </span><span class="pp-class-382 pa t29798 l47977 ls3435">exchange </span><span class="pp-class-382 pa t29798 l59077 ls3278">for </span><span class="pp-class-382 pa t29798 l59078 ls4305">granted </span><span class="pp-class-382 pa t29798 l59079 ls2784">share </span><span class="pp-class-382 pa t29798 l59080 ls1080">based </span><span class="pp-class-382 pa t36806 l3 ls8853">payment </span><span class="pp-class-382 pa t36806 l59081 ls1080">is </span><span class="pp-class-382 pa t36806 l59082 ls8853">measured </span><span class="pp-class-382 pa t36806 l59083 ls1083">at </span><span class="pp-class-382 pa t36806 l36808 ls858">the </span><span class="pp-class-382 pa t36806 l59084 ls3278">fair </span><span class="pp-class-382 pa t36806 l59085 ls1083">value </span><span class="pp-class-382 pa t36806 l42432 ls103">of </span><span class="pp-class-382 pa t36806 l49933 ls858">the </span><span class="pp-class-382 pa t36806 l59086 ls2784">share </span><span class="pp-class-382 pa t36806 l59087 ls1759">based </span><span class="pp-class-382 pa t36806 l59088 ls8853">payment </span><span class="pp-class-382 pa t36806 l59089 ls4305">granted.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29824 l3 ls858">The </span><span class="pp-class-382 pa t29824 l16631 ls5069">equity-settled </span><span class="pp-class-382 pa t29824 l48540 ls2784">share </span><span class="pp-class-382 pa t29824 l59090 ls3474">options </span><span class="pp-class-382 pa t29824 l3383 ls858">and </span><span class="pp-class-382 pa t29824 l43256 ls187">RSUs </span><span class="pp-class-382 pa t29824 l59091 ls800">are </span><span class="pp-class-382 pa t29824 l30894 ls8853">measured </span><span class="pp-class-382 pa t29824 l59092 ls1083">at </span><span class="pp-class-382 pa t29824 l59093 ls858">the </span><span class="pp-class-382 pa t29824 l55238 ls3278">fair </span><span class="pp-class-382 pa t29824 l55425 ls1083">value </span><span class="pp-class-382 pa t29824 l59094 ls1083">at </span><span class="pp-class-382 pa t29824 l59095 ls1194">grant </span><span class="pp-class-382 pa t29824 l59096 ls852">date </span><span class="pp-class-382 pa t29824 l59097 ls302">and </span><span class="pp-class-382 pa t29836 l3 ls2970">recognised </span><span class="pp-class-382 pa t29836 l44565 ls1080">in </span><span class="pp-class-382 pa t29836 l44566 ls858">the </span><span class="pp-class-382 pa t29836 l51266 ls2486">income </span><span class="pp-class-382 pa t29836 l51267 ls1150">statement </span><span class="pp-class-382 pa t29836 l36809 ls1759">under </span><span class="pp-class-382 pa t29836 l59098 ls5039">staff </span><span class="pp-class-382 pa t29836 l59099 ls1759">costs </span><span class="pp-class-382 pa t29836 l41771 ls2671">over </span><span class="pp-class-382 pa t29836 l59100 ls858">the </span><span class="pp-class-382 pa t29836 l54847 ls728">vesting </span><span class="pp-class-382 pa t29836 l59101 ls1237">period. </span><span class="pp-class-382 pa t29836 l55076 ls858">The </span><span class="pp-class-382 pa t29836 l59102 ls4275">counter </span><span class="pp-class-382 pa t29836 l59103 ls1237">posting </span><span class="pp-class-382 pa t29836 l59104 ls278">is </span><span class="pp-class-382 pa t29849 l3 ls2970">recognised </span><span class="pp-class-382 pa t29849 l44565 ls2143">directly </span><span class="pp-class-382 pa t29849 l59105 ls1080">in </span><span class="pp-class-382 pa t29849 l59106 ls2486">equity </span><span class="pp-class-382 pa t29849 l59107 ls1080">as </span><span class="pp-class-382 pa t29849 l59108 ls302">a </span><span class="pp-class-382 pa t29849 l59109 ls2142">shareholder </span><span class="pp-class-382 pa t29849 l59110 ls8853">transaction. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29866 l3 ls10900">At </span><span class="pp-class-382 pa t29866 l49043 ls1237">initial </span><span class="pp-class-382 pa t29866 l49044 ls2142">recognition </span><span class="pp-class-382 pa t29866 l49045 ls103">of </span><span class="pp-class-382 pa t29866 l6146 ls858">the </span><span class="pp-class-382 pa t29866 l59111 ls2784">share </span><span class="pp-class-382 pa t29866 l59112 ls1271">options, </span><span class="pp-class-382 pa t29866 l59113 ls1080">an </span><span class="pp-class-382 pa t29866 l59114 ls2142">estimate </span><span class="pp-class-382 pa t29866 l59115 ls1080">is </span><span class="pp-class-382 pa t29866 l59116 ls1772">made </span><span class="pp-class-382 pa t29866 l59117 ls2671">over </span><span class="pp-class-382 pa t29866 l59118 ls858">the </span><span class="pp-class-382 pa t29866 l59119 ls2486">number </span><span class="pp-class-382 pa t29866 l59120 ls103">of </span><span class="pp-class-382 pa t29866 l59121 ls2784">share </span><span class="pp-class-382 pa t29866 l59122 ls1080">based </span><span class="pp-class-382 pa t36841 l3 ls8853">payment </span><span class="pp-class-382 pa t36841 l59081 ls6360">that </span><span class="pp-class-382 pa t36841 l47193 ls858">the </span><span class="pp-class-382 pa t36841 l59123 ls6007">employees </span><span class="pp-class-382 pa t36841 l59124 ls1323">will </span><span class="pp-class-382 pa t36841 l59125 ls2489">vest, </span><span class="pp-class-382 pa t36841 l59126 ls3387">cf. </span><span class="pp-class-382 pa t36841 l59127 ls858">the </span><span class="pp-class-382 pa t36841 l59128 ls3572">service </span><span class="pp-class-382 pa t36841 l59129 ls819">conditions </span><span class="pp-class-382 pa t36841 l59130 ls1073">described </span><span class="pp-class-382 pa t36841 l59131 ls646">above </span><span class="pp-class-382 pa t36841 l59132 ls1080">in </span><span class="pp-class-382 pa t36841 l56099 ls1323">this </span><span class="pp-class-382 pa t36841 l59133 ls2489">note. </span><span class="pp-class-382 pa t29875 l3 ls806">Subsequent </span><span class="pp-class-382 pa t29875 l59134 ls1759">to </span><span class="pp-class-382 pa t29875 l59135 ls1237">initial </span><span class="pp-class-382 pa t29875 l27969 ls3105">recognition, </span><span class="pp-class-382 pa t29875 l5340 ls858">the </span><span class="pp-class-382 pa t29875 l59136 ls2142">estimate </span><span class="pp-class-382 pa t29875 l59137 ls103">of </span><span class="pp-class-382 pa t29875 l59138 ls2784">share </span><span class="pp-class-382 pa t29875 l59139 ls1759">based </span><span class="pp-class-382 pa t29875 l59140 ls5069">payments </span><span class="pp-class-382 pa t29875 l59141 ls1759">to </span><span class="pp-class-382 pa t29875 l53709 ls1080">be </span><span class="pp-class-382 pa t29875 l59142 ls1244">vested </span><span class="pp-class-382 pa t29875 l59143 ls1080">is </span><span class="pp-class-382 pa t29875 l59144 ls296">adjusted </span><span class="pp-class-382 pa t29878 l3 ls2145">whereby </span><span class="pp-class-382 pa t29878 l59145 ls858">the </span><span class="pp-class-382 pa t29878 l59146 ls2889">total </span><span class="pp-class-382 pa t29878 l59147 ls2142">recognition </span><span class="pp-class-382 pa t29878 l59148 ls1080">is </span><span class="pp-class-382 pa t29878 l59149 ls1759">based </span><span class="pp-class-382 pa t29878 l51896 ls1080">on </span><span class="pp-class-382 pa t29878 l59150 ls858">the </span><span class="pp-class-382 pa t29878 l59151 ls728">actual </span><span class="pp-class-382 pa t29878 l59152 ls2486">number </span><span class="pp-class-382 pa t29878 l59153 ls103">of </span><span class="pp-class-382 pa t29878 l59154 ls1244">vested </span><span class="pp-class-382 pa t29878 l59155 ls2784">share </span><span class="pp-class-382 pa t29878 l50698 ls1759">based </span><span class="pp-class-382 pa t29878 l59156 ls5069">payments.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29902 l3 ls858">The </span><span class="pp-class-382 pa t29902 l16631 ls3278">fair </span><span class="pp-class-382 pa t29902 l57387 ls1083">value </span><span class="pp-class-382 pa t29902 l57388 ls103">of </span><span class="pp-class-382 pa t29902 l57389 ls1099">the </span><span class="pp-class-382 pa t29902 l57390 ls4305">granted </span><span class="pp-class-382 pa t29902 l59157 ls2784">share </span><span class="pp-class-382 pa t29902 l59158 ls3474">options </span><span class="pp-class-382 pa t29902 l59159 ls1080">is </span><span class="pp-class-382 pa t29902 l59160 ls803">calculated </span><span class="pp-class-382 pa t29902 l59161 ls1759">using </span><span class="pp-class-382 pa t29902 l59162 ls858">the </span><span class="pp-class-382 pa t29902 l59163 ls2531">Black-Scholes </span><span class="pp-class-382 pa t29902 l59164 ls1077">option-pricing </span><span class="pp-class-382 pa t36874 l3 ls2486">model. </span><span class="pp-class-382 pa t36874 l59165 ls16997">Terms </span><span class="pp-class-382 pa t36874 l3968 ls858">and </span><span class="pp-class-382 pa t36874 l59166 ls819">conditions </span><span class="pp-class-382 pa t36874 l59167 ls3278">for </span><span class="pp-class-382 pa t36874 l9349 ls1772">each </span><span class="pp-class-382 pa t36874 l59168 ls1194">grant </span><span class="pp-class-382 pa t36874 l59169 ls800">are </span><span class="pp-class-382 pa t36874 l59170 ls2784">taken </span><span class="pp-class-382 pa t36874 l50995 ls3474">into </span><span class="pp-class-382 pa t36874 l59171 ls1859">account </span><span class="pp-class-382 pa t36874 l59172 ls1323">when </span><span class="pp-class-382 pa t36874 l59173 ls688">calculating </span><span class="pp-class-382 pa t36874 l59174 ls1099">the </span><span class="pp-class-382 pa t36874 l59175 ls3278">fair </span><span class="pp-class-382 pa t36874 l59176 ls7855">value.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29920 l3 ls858">The </span><span class="pp-class-382 pa t29920 l16631 ls2784">share </span><span class="pp-class-382 pa t29920 l16157 ls1759">based </span><span class="pp-class-382 pa t29920 l59177 ls8853">payment </span><span class="pp-class-382 pa t29920 l59178 ls7855">programmes </span><span class="pp-class-382 pa t29920 l59179 ls800">are </span><span class="pp-class-382 pa t29920 l59180 ls2970">recognised </span><span class="pp-class-382 pa t29920 l59181 ls1083">at </span><span class="pp-class-382 pa t29920 l59182 ls3278">fair </span><span class="pp-class-382 pa t29920 l59183 ls1083">value </span><span class="pp-class-382 pa t29920 l59184 ls2671">over </span><span class="pp-class-382 pa t29920 l59185 ls858">the </span><span class="pp-class-382 pa t29920 l59186 ls728">vesting </span><span class="pp-class-382 pa t29920 l59187 ls2486">period </span><span class="pp-class-382 pa t29920 l59188 ls302">and </span><span class="pp-class-382 pa t29933 l3 ls8853">expensed </span><span class="pp-class-382 pa t29933 l45275 ls1080">as </span><span class="pp-class-382 pa t29933 l16361 ls5039">staff </span><span class="pp-class-382 pa t29933 l59189 ls1110">cost. </span><span class="pp-class-382 pa t29933 l59190 ls858">The </span><span class="pp-class-382 pa t29933 l24149 ls1772">accrual </span><span class="pp-class-382 pa t29933 l59191 ls1080">is </span><span class="pp-class-382 pa t29933 l59192 ls3435">recorded </span><span class="pp-class-382 pa t29933 l59193 ls1759">under </span><span class="pp-class-382 pa t29933 l59194 ls296">other </span><span class="pp-class-382 pa t29933 l59195 ls1243">payables </span><span class="pp-class-382 pa t29933 l59196 ls1080">or </span><span class="pp-class-382 pa t29933 l59197 ls1080">on </span><span class="pp-class-382 pa t29933 l59198 ls2486">equity </span><span class="pp-class-382 pa t29933 l59199 ls1073">depending </span><span class="pp-class-382 pa t29933 l59200 ls278">on </span><span class="pp-class-382 pa t48298 l3 ls3474">whether </span><span class="pp-class-382 pa t48298 l50859 ls2970">settlement </span><span class="pp-class-382 pa t48298 l57158 ls1080">is </span><span class="pp-class-382 pa t48298 l59201 ls1323">done </span><span class="pp-class-382 pa t48298 l17313 ls1080">in </span><span class="pp-class-382 pa t48298 l59202 ls1323">cash </span><span class="pp-class-382 pa t48298 l59203 ls1080">or </span><span class="pp-class-382 pa t48298 l59204 ls1150">shares, </span><span class="pp-class-382 pa t48298 l59205 ls12399">respectively.</span></p></div></div></div></div></div> <div class="pp-class-10" id="pp-id-5272" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx22795 tro6 xx22796"><div id="pp-id-5271"><div class="pp-class-363 pp-class-395" id="pp-id-5270"><div class="w37231 h59062 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls2784">Group </span><span class="pp-class-382 pa t29793 l4002 ls858">has </span><span class="pp-class-382 pa t29793 l44886 ls830">set </span><span class="pp-class-382 pa t29793 l3436 ls1080">up </span><span class="pp-class-382 pa t29793 l28360 ls5069">equity-settled </span><span class="pp-class-382 pa t29793 l50488 ls2784">share </span><span class="pp-class-382 pa t29793 l59063 ls238">option </span><span class="pp-class-382 pa t29793 l17613 ls1759">plans </span><span class="pp-class-382 pa t29793 l59064 ls1099">and </span><span class="pp-class-382 pa t29793 l59065 ls1941">RSUs. </span><span class="pp-class-382 pa t29793 l59066 ls1739">Treasury </span><span class="pp-class-382 pa t29793 l59067 ls1083">shares </span><span class="pp-class-382 pa t29793 l45660 ls800">are </span><span class="pp-class-382 pa t29793 l59068 ls1323">used </span><span class="pp-class-382 pa t29793 l59069 ls3278">for </span><span class="pp-class-382 pa t29793 l59070 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2784">share </span><span class="pp-class-382 pa t29798 l55341 ls238">option </span><span class="pp-class-382 pa t29798 l43245 ls1759">plans </span><span class="pp-class-382 pa t29798 l59071 ls858">and </span><span class="pp-class-382 pa t29798 l59072 ls858">the </span><span class="pp-class-382 pa t29798 l50908 ls1941">RSUs. </span><span class="pp-class-382 pa t29798 l37295 ls858">The </span><span class="pp-class-382 pa t29798 l48872 ls1083">value </span><span class="pp-class-382 pa t29798 l59073 ls103">of </span><span class="pp-class-382 pa t29798 l59074 ls1099">services </span><span class="pp-class-382 pa t29798 l59075 ls3377">received </span><span class="pp-class-382 pa t29798 l59076 ls1080">in </span><span class="pp-class-382 pa t29798 l47977 ls3435">exchange </span><span class="pp-class-382 pa t29798 l59077 ls3278">for </span><span class="pp-class-382 pa t29798 l59078 ls4305">granted </span><span class="pp-class-382 pa t29798 l59079 ls2784">share </span><span class="pp-class-382 pa t29798 l59080 ls1080">based </span><span class="pp-class-382 pa t36806 l3 ls8853">payment </span><span class="pp-class-382 pa t36806 l59081 ls1080">is </span><span class="pp-class-382 pa t36806 l59082 ls8853">measured </span><span class="pp-class-382 pa t36806 l59083 ls1083">at </span><span class="pp-class-382 pa t36806 l36808 ls858">the </span><span class="pp-class-382 pa t36806 l59084 ls3278">fair </span><span class="pp-class-382 pa t36806 l59085 ls1083">value </span><span class="pp-class-382 pa t36806 l42432 ls103">of </span><span class="pp-class-382 pa t36806 l49933 ls858">the </span><span class="pp-class-382 pa t36806 l59086 ls2784">share </span><span class="pp-class-382 pa t36806 l59087 ls1759">based </span><span class="pp-class-382 pa t36806 l59088 ls8853">payment </span><span class="pp-class-382 pa t36806 l59089 ls4305">granted.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29824 l3 ls858">The </span><span class="pp-class-382 pa t29824 l16631 ls5069">equity-settled </span><span class="pp-class-382 pa t29824 l48540 ls2784">share </span><span class="pp-class-382 pa t29824 l59090 ls3474">options </span><span class="pp-class-382 pa t29824 l3383 ls858">and </span><span class="pp-class-382 pa t29824 l43256 ls187">RSUs </span><span class="pp-class-382 pa t29824 l59091 ls800">are </span><span class="pp-class-382 pa t29824 l30894 ls8853">measured </span><span class="pp-class-382 pa t29824 l59092 ls1083">at </span><span class="pp-class-382 pa t29824 l59093 ls858">the </span><span class="pp-class-382 pa t29824 l55238 ls3278">fair </span><span class="pp-class-382 pa t29824 l55425 ls1083">value </span><span class="pp-class-382 pa t29824 l59094 ls1083">at </span><span class="pp-class-382 pa t29824 l59095 ls1194">grant </span><span class="pp-class-382 pa t29824 l59096 ls852">date </span><span class="pp-class-382 pa t29824 l59097 ls302">and </span><span class="pp-class-382 pa t29836 l3 ls2970">recognised </span><span class="pp-class-382 pa t29836 l44565 ls1080">in </span><span class="pp-class-382 pa t29836 l44566 ls858">the </span><span class="pp-class-382 pa t29836 l51266 ls2486">income </span><span class="pp-class-382 pa t29836 l51267 ls1150">statement </span><span class="pp-class-382 pa t29836 l36809 ls1759">under </span><span class="pp-class-382 pa t29836 l59098 ls5039">staff </span><span class="pp-class-382 pa t29836 l59099 ls1759">costs </span><span class="pp-class-382 pa t29836 l41771 ls2671">over </span><span class="pp-class-382 pa t29836 l59100 ls858">the </span><span class="pp-class-382 pa t29836 l54847 ls728">vesting </span><span class="pp-class-382 pa t29836 l59101 ls1237">period. </span><span class="pp-class-382 pa t29836 l55076 ls858">The </span><span class="pp-class-382 pa t29836 l59102 ls4275">counter </span><span class="pp-class-382 pa t29836 l59103 ls1237">posting </span><span class="pp-class-382 pa t29836 l59104 ls278">is </span><span class="pp-class-382 pa t29849 l3 ls2970">recognised </span><span class="pp-class-382 pa t29849 l44565 ls2143">directly </span><span class="pp-class-382 pa t29849 l59105 ls1080">in </span><span class="pp-class-382 pa t29849 l59106 ls2486">equity </span><span class="pp-class-382 pa t29849 l59107 ls1080">as </span><span class="pp-class-382 pa t29849 l59108 ls302">a </span><span class="pp-class-382 pa t29849 l59109 ls2142">shareholder </span><span class="pp-class-382 pa t29849 l59110 ls8853">transaction. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29866 l3 ls10900">At </span><span class="pp-class-382 pa t29866 l49043 ls1237">initial </span><span class="pp-class-382 pa t29866 l49044 ls2142">recognition </span><span class="pp-class-382 pa t29866 l49045 ls103">of </span><span class="pp-class-382 pa t29866 l6146 ls858">the </span><span class="pp-class-382 pa t29866 l59111 ls2784">share </span><span class="pp-class-382 pa t29866 l59112 ls1271">options, </span><span class="pp-class-382 pa t29866 l59113 ls1080">an </span><span class="pp-class-382 pa t29866 l59114 ls2142">estimate </span><span class="pp-class-382 pa t29866 l59115 ls1080">is </span><span class="pp-class-382 pa t29866 l59116 ls1772">made </span><span class="pp-class-382 pa t29866 l59117 ls2671">over </span><span class="pp-class-382 pa t29866 l59118 ls858">the </span><span class="pp-class-382 pa t29866 l59119 ls2486">number </span><span class="pp-class-382 pa t29866 l59120 ls103">of </span><span class="pp-class-382 pa t29866 l59121 ls2784">share </span><span class="pp-class-382 pa t29866 l59122 ls1080">based </span><span class="pp-class-382 pa t36841 l3 ls8853">payment </span><span class="pp-class-382 pa t36841 l59081 ls6360">that </span><span class="pp-class-382 pa t36841 l47193 ls858">the </span><span class="pp-class-382 pa t36841 l59123 ls6007">employees </span><span class="pp-class-382 pa t36841 l59124 ls1323">will </span><span class="pp-class-382 pa t36841 l59125 ls2489">vest, </span><span class="pp-class-382 pa t36841 l59126 ls3387">cf. </span><span class="pp-class-382 pa t36841 l59127 ls858">the </span><span class="pp-class-382 pa t36841 l59128 ls3572">service </span><span class="pp-class-382 pa t36841 l59129 ls819">conditions </span><span class="pp-class-382 pa t36841 l59130 ls1073">described </span><span class="pp-class-382 pa t36841 l59131 ls646">above </span><span class="pp-class-382 pa t36841 l59132 ls1080">in </span><span class="pp-class-382 pa t36841 l56099 ls1323">this </span><span class="pp-class-382 pa t36841 l59133 ls2489">note. </span><span class="pp-class-382 pa t29875 l3 ls806">Subsequent </span><span class="pp-class-382 pa t29875 l59134 ls1759">to </span><span class="pp-class-382 pa t29875 l59135 ls1237">initial </span><span class="pp-class-382 pa t29875 l27969 ls3105">recognition, </span><span class="pp-class-382 pa t29875 l5340 ls858">the </span><span class="pp-class-382 pa t29875 l59136 ls2142">estimate </span><span class="pp-class-382 pa t29875 l59137 ls103">of </span><span class="pp-class-382 pa t29875 l59138 ls2784">share </span><span class="pp-class-382 pa t29875 l59139 ls1759">based </span><span class="pp-class-382 pa t29875 l59140 ls5069">payments </span><span class="pp-class-382 pa t29875 l59141 ls1759">to </span><span class="pp-class-382 pa t29875 l53709 ls1080">be </span><span class="pp-class-382 pa t29875 l59142 ls1244">vested </span><span class="pp-class-382 pa t29875 l59143 ls1080">is </span><span class="pp-class-382 pa t29875 l59144 ls296">adjusted </span><span class="pp-class-382 pa t29878 l3 ls2145">whereby </span><span class="pp-class-382 pa t29878 l59145 ls858">the </span><span class="pp-class-382 pa t29878 l59146 ls2889">total </span><span class="pp-class-382 pa t29878 l59147 ls2142">recognition </span><span class="pp-class-382 pa t29878 l59148 ls1080">is </span><span class="pp-class-382 pa t29878 l59149 ls1759">based </span><span class="pp-class-382 pa t29878 l51896 ls1080">on </span><span class="pp-class-382 pa t29878 l59150 ls858">the </span><span class="pp-class-382 pa t29878 l59151 ls728">actual </span><span class="pp-class-382 pa t29878 l59152 ls2486">number </span><span class="pp-class-382 pa t29878 l59153 ls103">of </span><span class="pp-class-382 pa t29878 l59154 ls1244">vested </span><span class="pp-class-382 pa t29878 l59155 ls2784">share </span><span class="pp-class-382 pa t29878 l50698 ls1759">based </span><span class="pp-class-382 pa t29878 l59156 ls5069">payments.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29902 l3 ls858">The </span><span class="pp-class-382 pa t29902 l16631 ls3278">fair </span><span class="pp-class-382 pa t29902 l57387 ls1083">value </span><span class="pp-class-382 pa t29902 l57388 ls103">of </span><span class="pp-class-382 pa t29902 l57389 ls1099">the </span><span class="pp-class-382 pa t29902 l57390 ls4305">granted </span><span class="pp-class-382 pa t29902 l59157 ls2784">share </span><span class="pp-class-382 pa t29902 l59158 ls3474">options </span><span class="pp-class-382 pa t29902 l59159 ls1080">is </span><span class="pp-class-382 pa t29902 l59160 ls803">calculated </span><span class="pp-class-382 pa t29902 l59161 ls1759">using </span><span class="pp-class-382 pa t29902 l59162 ls858">the </span><span class="pp-class-382 pa t29902 l59163 ls2531">Black-Scholes </span><span class="pp-class-382 pa t29902 l59164 ls1077">option-pricing </span><span class="pp-class-382 pa t36874 l3 ls2486">model. </span><span class="pp-class-382 pa t36874 l59165 ls16997">Terms </span><span class="pp-class-382 pa t36874 l3968 ls858">and </span><span class="pp-class-382 pa t36874 l59166 ls819">conditions </span><span class="pp-class-382 pa t36874 l59167 ls3278">for </span><span class="pp-class-382 pa t36874 l9349 ls1772">each </span><span class="pp-class-382 pa t36874 l59168 ls1194">grant </span><span class="pp-class-382 pa t36874 l59169 ls800">are </span><span class="pp-class-382 pa t36874 l59170 ls2784">taken </span><span class="pp-class-382 pa t36874 l50995 ls3474">into </span><span class="pp-class-382 pa t36874 l59171 ls1859">account </span><span class="pp-class-382 pa t36874 l59172 ls1323">when </span><span class="pp-class-382 pa t36874 l59173 ls688">calculating </span><span class="pp-class-382 pa t36874 l59174 ls1099">the </span><span class="pp-class-382 pa t36874 l59175 ls3278">fair </span><span class="pp-class-382 pa t36874 l59176 ls7855">value.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29920 l3 ls858">The </span><span class="pp-class-382 pa t29920 l16631 ls2784">share </span><span class="pp-class-382 pa t29920 l16157 ls1759">based </span><span class="pp-class-382 pa t29920 l59177 ls8853">payment </span><span class="pp-class-382 pa t29920 l59178 ls7855">programmes </span><span class="pp-class-382 pa t29920 l59179 ls800">are </span><span class="pp-class-382 pa t29920 l59180 ls2970">recognised </span><span class="pp-class-382 pa t29920 l59181 ls1083">at </span><span class="pp-class-382 pa t29920 l59182 ls3278">fair </span><span class="pp-class-382 pa t29920 l59183 ls1083">value </span><span class="pp-class-382 pa t29920 l59184 ls2671">over </span><span class="pp-class-382 pa t29920 l59185 ls858">the </span><span class="pp-class-382 pa t29920 l59186 ls728">vesting </span><span class="pp-class-382 pa t29920 l59187 ls2486">period </span><span class="pp-class-382 pa t29920 l59188 ls302">and </span><span class="pp-class-382 pa t29933 l3 ls8853">expensed </span><span class="pp-class-382 pa t29933 l45275 ls1080">as </span><span class="pp-class-382 pa t29933 l16361 ls5039">staff </span><span class="pp-class-382 pa t29933 l59189 ls1110">cost. </span><span class="pp-class-382 pa t29933 l59190 ls858">The </span><span class="pp-class-382 pa t29933 l24149 ls1772">accrual </span><span class="pp-class-382 pa t29933 l59191 ls1080">is </span><span class="pp-class-382 pa t29933 l59192 ls3435">recorded </span><span class="pp-class-382 pa t29933 l59193 ls1759">under </span><span class="pp-class-382 pa t29933 l59194 ls296">other </span><span class="pp-class-382 pa t29933 l59195 ls1243">payables </span><span class="pp-class-382 pa t29933 l59196 ls1080">or </span><span class="pp-class-382 pa t29933 l59197 ls1080">on </span><span class="pp-class-382 pa t29933 l59198 ls2486">equity </span><span class="pp-class-382 pa t29933 l59199 ls1073">depending </span><span class="pp-class-382 pa t29933 l59200 ls278">on </span><span class="pp-class-382 pa t48298 l3 ls3474">whether </span><span class="pp-class-382 pa t48298 l50859 ls2970">settlement </span><span class="pp-class-382 pa t48298 l57158 ls1080">is </span><span class="pp-class-382 pa t48298 l59201 ls1323">done </span><span class="pp-class-382 pa t48298 l17313 ls1080">in </span><span class="pp-class-382 pa t48298 l59202 ls1323">cash </span><span class="pp-class-382 pa t48298 l59203 ls1080">or </span><span class="pp-class-382 pa t48298 l59204 ls1150">shares, </span><span class="pp-class-382 pa t48298 l59205 ls12399">respectively.</span></p></div></div></div></div></div> <div class="pp-class-10" id="pp-id-5273" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx22795 tro6 xx22796"><div id="pp-id-5276"><div class="pp-class-363 pp-class-395" id="pp-id-5275"><div class="w37231 h59253 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls1150">statement </span><span class="pp-class-382 pa t29793 l59254 ls103">of </span><span class="pp-class-382 pa t29793 l6030 ls1323">cash </span><span class="pp-class-382 pa t29793 l25688 ls2784">flows </span><span class="pp-class-382 pa t29793 l59255 ls858">has </span><span class="pp-class-382 pa t29793 l59256 ls1323">been </span><span class="pp-class-382 pa t29793 l59257 ls3435">prepared </span><span class="pp-class-382 pa t29793 l59258 ls1759">using </span><span class="pp-class-382 pa t29793 l59259 ls858">the </span><span class="pp-class-382 pa t29793 l59260 ls3623">indirect </span><span class="pp-class-382 pa t29793 l59261 ls3474">method, </span><span class="pp-class-382 pa t29793 l59262 ls1099">and </span><span class="pp-class-382 pa t29793 l59263 ls2784">shows </span><span class="pp-class-382 pa t29793 l53883 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2088">consolidated </span><span class="pp-class-382 pa t29798 l30948 ls1323">cash </span><span class="pp-class-382 pa t29798 l54900 ls2784">flows </span><span class="pp-class-382 pa t29798 l59264 ls1243">from </span><span class="pp-class-382 pa t29798 l59265 ls4305">operating, </span><span class="pp-class-382 pa t29798 l40686 ls2854">investing, </span><span class="pp-class-382 pa t29798 l59266 ls858">and </span><span class="pp-class-382 pa t29798 l59267 ls1073">financing </span><span class="pp-class-382 pa t29798 l59268 ls688">activities </span><span class="pp-class-382 pa t29798 l59269 ls3278">for </span><span class="pp-class-382 pa t29798 l59270 ls1099">the </span><span class="pp-class-382 pa t29798 l59271 ls648">year, </span><span class="pp-class-382 pa t29798 l49806 ls1099">and </span><span class="pp-class-382 pa t29798 l59272 ls302">the </span><span class="pp-class-382 pa t36806 l3 ls2088">consolidated </span><span class="pp-class-382 pa t36806 l30948 ls1323">cash </span><span class="pp-class-382 pa t36806 l54900 ls858">and </span><span class="pp-class-382 pa t36806 l59273 ls1323">cash </span><span class="pp-class-382 pa t36806 l59274 ls2088">equivalents </span><span class="pp-class-382 pa t36806 l59275 ls1083">at </span><span class="pp-class-382 pa t36806 l59276 ls1099">the </span><span class="pp-class-382 pa t36806 l59277 ls1073">beginning </span><span class="pp-class-382 pa t36806 l59278 ls1099">and </span><span class="pp-class-382 pa t36806 l59279 ls1099">end </span><span class="pp-class-382 pa t36806 l59280 ls103">of </span><span class="pp-class-382 pa t36806 l59281 ls1099">the </span><span class="pp-class-382 pa t36806 l59282 ls9956">year.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29824 l3 ls858">The </span><span class="pp-class-382 pa t29824 l16631 ls1323">cash </span><span class="pp-class-382 pa t29824 l7489 ls960">flow </span><span class="pp-class-382 pa t29824 l59283 ls2142">effect </span><span class="pp-class-382 pa t29824 l59284 ls103">of </span><span class="pp-class-382 pa t29824 l59285 ls1772">acquisition </span><span class="pp-class-382 pa t29824 l59286 ls1099">and </span><span class="pp-class-382 pa t29824 l16700 ls2694">disposal </span><span class="pp-class-382 pa t29824 l47878 ls103">of </span><span class="pp-class-382 pa t29824 l44436 ls1701">enterprises </span><span class="pp-class-382 pa t29824 l59287 ls1080">is </span><span class="pp-class-382 pa t29824 l59288 ls2142">shown </span><span class="pp-class-382 pa t29824 l59289 ls1015">separately </span><span class="pp-class-382 pa t29824 l59290 ls1080">in </span><span class="pp-class-382 pa t29824 l59291 ls1323">cash </span><span class="pp-class-382 pa t29824 l56603 ls2784">flows </span><span class="pp-class-382 pa t29824 l59292 ls1759">to/</span><span class="pp-class-382 pa t29836 l3 ls1243">from </span><span class="pp-class-382 pa t29836 l49226 ls4299">investing </span><span class="pp-class-382 pa t29836 l59293 ls688">activities. </span><span class="pp-class-382 pa t29836 l59294 ls1323">Cash </span><span class="pp-class-382 pa t29836 l34046 ls2784">flows </span><span class="pp-class-382 pa t29836 l59295 ls1243">from </span><span class="pp-class-382 pa t29836 l59296 ls1772">acquisitions </span><span class="pp-class-382 pa t29836 l59297 ls103">of </span><span class="pp-class-382 pa t29836 l59298 ls1701">enterprises </span><span class="pp-class-382 pa t29836 l59299 ls800">are </span><span class="pp-class-382 pa t29836 l59300 ls2970">recognised </span><span class="pp-class-382 pa t29836 l59301 ls1080">in </span><span class="pp-class-382 pa t29836 l59302 ls1099">the </span><span class="pp-class-382 pa t29836 l59303 ls1323">Cash </span><span class="pp-class-382 pa t29836 l59304 ls3474">flow </span><span class="pp-class-382 pa t29849 l3 ls1150">statement </span><span class="pp-class-382 pa t29849 l4002 ls1243">from </span><span class="pp-class-382 pa t29849 l33981 ls858">the </span><span class="pp-class-382 pa t29849 l59305 ls852">date </span><span class="pp-class-382 pa t29849 l24565 ls103">of </span><span class="pp-class-382 pa t29849 l59306 ls1772">acquisition. </span><span class="pp-class-382 pa t29849 l59307 ls1323">Cash </span><span class="pp-class-382 pa t29849 l27663 ls2784">flows </span><span class="pp-class-382 pa t29849 l16252 ls1243">from </span><span class="pp-class-382 pa t29849 l59308 ls728">divestment </span><span class="pp-class-382 pa t29849 l59309 ls103">of </span><span class="pp-class-382 pa t29849 l59310 ls1701">enterprises </span><span class="pp-class-382 pa t29849 l59311 ls800">are </span><span class="pp-class-382 pa t29849 l59312 ls2970">recognised </span><span class="pp-class-382 pa t29849 l59313 ls278">up </span><span class="pp-class-382 pa t29853 l3 ls1305">until </span><span class="pp-class-382 pa t29853 l59314 ls858">the </span><span class="pp-class-382 pa t29853 l3284 ls852">date </span><span class="pp-class-382 pa t29853 l59315 ls103">of </span><span class="pp-class-382 pa t29853 l59316 ls1073">disposal. </span><span class="pp-class-382 pa t29853 l59317 ls1323">Cash </span><span class="pp-class-382 pa t29853 l59318 ls2784">flows </span><span class="pp-class-382 pa t29853 l59319 ls1243">from </span><span class="pp-class-382 pa t29853 l59320 ls2760">operating </span><span class="pp-class-382 pa t29853 l59321 ls688">activities </span><span class="pp-class-382 pa t29853 l40204 ls1080">is </span><span class="pp-class-382 pa t29853 l59322 ls803">calculated </span><span class="pp-class-382 pa t29853 l59323 ls1080">on </span><span class="pp-class-382 pa t29853 l59324 ls858">the </span><span class="pp-class-382 pa t29853 l59290 ls1759">basis </span><span class="pp-class-382 pa t29853 l59325 ls103">of </span><span class="pp-class-382 pa t29853 l59326 ls1099">the </span><span class="pp-class-382 pa t29853 l59327 ls1974">profit/</span><span class="pp-class-382 pa t29866 l3 ls1323">loss </span><span class="pp-class-382 pa t29866 l59328 ls800">before </span><span class="pp-class-382 pa t29866 l13199 ls3623">depreciation </span><span class="pp-class-382 pa t29866 l59329 ls858">and </span><span class="pp-class-382 pa t29866 l59330 ls238">amortisation </span><span class="pp-class-382 pa t29866 l59331 ls803">(EBITDA) </span><span class="pp-class-382 pa t29866 l59332 ls2113">adjusted </span><span class="pp-class-382 pa t29866 l59333 ls3278">for </span><span class="pp-class-382 pa t29866 l59334 ls858">the </span><span class="pp-class-382 pa t29866 l59335 ls1323">cash </span><span class="pp-class-382 pa t29866 l59336 ls960">flow </span><span class="pp-class-382 pa t29866 l59337 ls2142">effect </span><span class="pp-class-382 pa t29866 l59338 ls103">of </span><span class="pp-class-382 pa t29866 l59339 ls1080">non-cash </span><span class="pp-class-382 pa t36841 l3 ls2760">operating </span><span class="pp-class-382 pa t36841 l52349 ls1319">items, </span><span class="pp-class-382 pa t36841 l59340 ls1237">changes </span><span class="pp-class-382 pa t36841 l47858 ls1080">in </span><span class="pp-class-382 pa t36841 l59341 ls728">working </span><span class="pp-class-382 pa t36841 l59342 ls806">capital </span><span class="pp-class-382 pa t36841 l59343 ls1701">(such </span><span class="pp-class-382 pa t36841 l59344 ls1080">as </span><span class="pp-class-382 pa t36841 l59345 ls646">trade </span><span class="pp-class-382 pa t36841 l59346 ls1316">payables, </span><span class="pp-class-382 pa t36841 l59347 ls828">deferred </span><span class="pp-class-382 pa t36841 l59348 ls1701">income, </span><span class="pp-class-382 pa t36841 l59349 ls728">ETS </span><span class="pp-class-382 pa t36841 l59350 ls99">emission </span><span class="pp-class-382 pa t29875 l3 ls828">provision, </span><span class="pp-class-382 pa t29875 l53774 ls852">current </span><span class="pp-class-382 pa t29875 l59351 ls1859">account </span><span class="pp-class-382 pa t29875 l59352 ls1243">payables </span><span class="pp-class-382 pa t29875 l59353 ls1759">to </span><span class="pp-class-382 pa t29875 l59354 ls1305">joint </span><span class="pp-class-382 pa t29875 l59355 ls2531">ventures, </span><span class="pp-class-382 pa t29875 l37641 ls646">trade </span><span class="pp-class-382 pa t29875 l59356 ls6007">receivables, </span><span class="pp-class-382 pa t29875 l59357 ls1150">prepaid </span><span class="pp-class-382 pa t29875 l59358 ls2486">costs, </span><span class="pp-class-382 pa t29875 l59359 ls2489">etc.), </span><span class="pp-class-382 pa t29878 l3 ls5069">payments </span><span class="pp-class-382 pa t29878 l51240 ls3458">related </span><span class="pp-class-382 pa t29878 l59360 ls1759">to </span><span class="pp-class-382 pa t29878 l59361 ls2694">pensions </span><span class="pp-class-382 pa t29878 l59362 ls858">and </span><span class="pp-class-382 pa t29878 l59363 ls296">other </span><span class="pp-class-382 pa t29878 l21425 ls2787">provisions, </span><span class="pp-class-382 pa t29878 l59364 ls5069">payments </span><span class="pp-class-382 pa t29878 l59365 ls2531">relating </span><span class="pp-class-382 pa t29878 l59366 ls1759">to </span><span class="pp-class-382 pa t29878 l59367 ls1073">financial </span><span class="pp-class-382 pa t29878 l59368 ls1118">items </span><span class="pp-class-382 pa t29878 l59369 ls302">and </span><span class="pp-class-382 pa t29891 l3 ls2944">corporation </span><span class="pp-class-382 pa t29891 l59370 ls1237">tax </span><span class="pp-class-382 pa t29891 l54117 ls1323">paid.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t36874 l3 ls1323">Cash </span><span class="pp-class-382 pa t36874 l59371 ls2784">flows </span><span class="pp-class-382 pa t36874 l59372 ls1243">from </span><span class="pp-class-382 pa t36874 l59373 ls4299">investing </span><span class="pp-class-382 pa t36874 l59374 ls688">activities </span><span class="pp-class-382 pa t36874 l59375 ls238">includes </span><span class="pp-class-382 pa t36874 l59376 ls5069">payments </span><span class="pp-class-382 pa t36874 l59377 ls1080">in </span><span class="pp-class-382 pa t36874 l2919 ls1271">connection </span><span class="pp-class-382 pa t36874 l57331 ls1323">with </span><span class="pp-class-382 pa t36874 l59378 ls1099">the </span><span class="pp-class-382 pa t36874 l44700 ls1772">acquisition </span><span class="pp-class-382 pa t36874 l59379 ls302">and </span><span class="pp-class-382 pa t29917 l3 ls728">divestment </span><span class="pp-class-382 pa t29917 l26651 ls103">of </span><span class="pp-class-382 pa t29917 l5231 ls1701">enterprises </span><span class="pp-class-382 pa t29917 l18505 ls858">and </span><span class="pp-class-382 pa t29917 l50096 ls688">activities </span><span class="pp-class-382 pa t29917 l59380 ls858">and </span><span class="pp-class-382 pa t29917 l49985 ls103">of </span><span class="pp-class-382 pa t29917 l35739 ls1101">non-current </span><span class="pp-class-382 pa t29917 l59381 ls1701">intangible </span><span class="pp-class-382 pa t29917 l59382 ls3474">assets, </span><span class="pp-class-382 pa t29917 l59383 ls296">tangible </span><span class="pp-class-382 pa t29917 l45242 ls238">assets </span><span class="pp-class-382 pa t29917 l59384 ls302">and </span><span class="pp-class-382 pa t29920 l3 ls2854">investments. </span><span class="pp-class-382 pa t29920 l51818 ls1323">Cash </span><span class="pp-class-382 pa t29920 l59385 ls2784">flows </span><span class="pp-class-382 pa t29920 l45964 ls1243">from </span><span class="pp-class-382 pa t29920 l16659 ls1073">financing </span><span class="pp-class-382 pa t29920 l59386 ls688">activities </span><span class="pp-class-382 pa t29920 l59387 ls238">includes </span><span class="pp-class-382 pa t29920 l59388 ls1237">changes </span><span class="pp-class-382 pa t29920 l59389 ls1080">in </span><span class="pp-class-382 pa t29920 l59390 ls858">the </span><span class="pp-class-382 pa t29920 l59391 ls3474">size </span><span class="pp-class-382 pa t29920 l59392 ls1080">or </span><span class="pp-class-382 pa t29920 l59393 ls1118">composition </span><span class="pp-class-382 pa t29920 l59394 ls103">of </span><span class="pp-class-382 pa t29920 l59395 ls302">the </span><span class="pp-class-382 pa t29933 l3 ls1015">Group’s </span><span class="pp-class-382 pa t29933 l44256 ls2784">share </span><span class="pp-class-382 pa t29933 l12706 ls296">capital, </span><span class="pp-class-382 pa t29933 l59396 ls8853">payment </span><span class="pp-class-382 pa t29933 l59397 ls103">of </span><span class="pp-class-382 pa t29933 l59398 ls1073">dividends </span><span class="pp-class-382 pa t29933 l6062 ls1759">to </span><span class="pp-class-382 pa t29933 l59399 ls2889">shareholders, </span><span class="pp-class-382 pa t29933 l59400 ls8853">purchase </span><span class="pp-class-382 pa t29933 l59401 ls103">of </span><span class="pp-class-382 pa t29933 l59402 ls2842">treasury </span><span class="pp-class-382 pa t29933 l59403 ls1150">shares, </span><span class="pp-class-382 pa t29933 l59404 ls1955">cash </span><span class="pp-class-382 pa t48298 l3 ls3377">received </span><span class="pp-class-382 pa t48298 l59405 ls1243">from </span><span class="pp-class-382 pa t48298 l59406 ls19370">exercise </span><span class="pp-class-382 pa t48298 l59407 ls103">of </span><span class="pp-class-382 pa t48298 l18187 ls2784">share </span><span class="pp-class-382 pa t48298 l55365 ls3474">options </span><span class="pp-class-382 pa t48298 l59408 ls858">and </span><span class="pp-class-382 pa t48298 l57379 ls858">the </span><span class="pp-class-382 pa t48298 l59409 ls3278">obtaining </span><span class="pp-class-382 pa t48298 l59410 ls858">and </span><span class="pp-class-382 pa t48298 l59411 ls800">repayment </span><span class="pp-class-382 pa t48298 l59412 ls103">of </span><span class="pp-class-382 pa t48298 l25481 ls1323">bank </span><span class="pp-class-382 pa t48298 l59413 ls1759">loans </span><span class="pp-class-382 pa t48298 l59414 ls302">and </span><span class="pp-class-382 pa t29935 l3 ls819">mortgage </span><span class="pp-class-382 pa t29935 l53976 ls1759">loans </span><span class="pp-class-382 pa t29935 l59415 ls858">and </span><span class="pp-class-382 pa t29935 l59416 ls296">other </span><span class="pp-class-382 pa t29935 l59417 ls1077">long-term </span><span class="pp-class-382 pa t29935 l59418 ls858">and </span><span class="pp-class-382 pa t29935 l59419 ls1859">short-term </span><span class="pp-class-382 pa t29935 l59420 ls1759">debt. </span><span class="pp-class-382 pa t29935 l59421 ls1243">Payment </span><span class="pp-class-382 pa t29935 l59422 ls103">of </span><span class="pp-class-382 pa t29935 l59423 ls1759">lease </span><span class="pp-class-382 pa t29935 l59424 ls1118">liabilities </span><span class="pp-class-382 pa t29935 l59425 ls1080">is </span><span class="pp-class-382 pa t29935 l59426 ls1077">included </span><span class="pp-class-382 pa t29946 l3 ls1759">under </span><span class="pp-class-382 pa t29946 l57642 ls1073">financing </span><span class="pp-class-382 pa t29946 l59427 ls688">activities </span><span class="pp-class-382 pa t29946 l59428 ls858">and </span><span class="pp-class-382 pa t29946 l59429 ls858">the </span><span class="pp-class-382 pa t29946 l59430 ls3458">related </span><span class="pp-class-382 pa t29946 l15159 ls2784">interest </span><span class="pp-class-382 pa t29946 l59431 ls1080">is </span><span class="pp-class-382 pa t29946 l59432 ls238">included </span><span class="pp-class-382 pa t29946 l59433 ls1080">as </span><span class="pp-class-382 pa t29946 l59434 ls302">a </span><span class="pp-class-382 pa t29946 l59435 ls1073">financial </span><span class="pp-class-382 pa t29946 l59436 ls1073">item </span><span class="pp-class-382 pa t29946 l59437 ls1759">under </span><span class="pp-class-382 pa t29946 l59438 ls1083">operating </span><span class="pp-class-382 pa t29959 l3 ls688">activities. </span><span class="pp-class-382 pa t29959 l17549 ls1323">Cash </span><span class="pp-class-382 pa t29959 l59439 ls858">and </span><span class="pp-class-382 pa t29959 l59440 ls1323">cash </span><span class="pp-class-382 pa t29959 l59441 ls2088">equivalents </span><span class="pp-class-382 pa t29959 l53176 ls2694">comprise </span><span class="pp-class-382 pa t29959 l59442 ls1323">cash </span><span class="pp-class-382 pa t29959 l59443 ls1083">at </span><span class="pp-class-382 pa t29959 l59444 ls2970">banks </span><span class="pp-class-382 pa t29959 l59445 ls1099">and </span><span class="pp-class-382 pa t29959 l59446 ls1080">on </span><span class="pp-class-382 pa t29959 l31827 ls1323">hand.</span></p></div></div></div></div></div><div id="pp-id-5124" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p></div></div> <div class="pp-class-10" id="pp-id-5273" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h41986 pa t2 l3 wtro4 xx22795 tro6 xx22796"><div id="pp-id-5276"><div class="pp-class-363 pp-class-395" id="pp-id-5275"><div class="w37231 h59253 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241">Accounting </span><span class="pp-class-386 pa t640 l29792">policies</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29793 l3 ls858">The </span><span class="pp-class-382 pa t29793 l16631 ls1150">statement </span><span class="pp-class-382 pa t29793 l59254 ls103">of </span><span class="pp-class-382 pa t29793 l6030 ls1323">cash </span><span class="pp-class-382 pa t29793 l25688 ls2784">flows </span><span class="pp-class-382 pa t29793 l59255 ls858">has </span><span class="pp-class-382 pa t29793 l59256 ls1323">been </span><span class="pp-class-382 pa t29793 l59257 ls3435">prepared </span><span class="pp-class-382 pa t29793 l59258 ls1759">using </span><span class="pp-class-382 pa t29793 l59259 ls858">the </span><span class="pp-class-382 pa t29793 l59260 ls3623">indirect </span><span class="pp-class-382 pa t29793 l59261 ls3474">method, </span><span class="pp-class-382 pa t29793 l59262 ls1099">and </span><span class="pp-class-382 pa t29793 l59263 ls2784">shows </span><span class="pp-class-382 pa t29793 l53883 ls302">the </span><span class="pp-class-382 pa t29798 l3 ls2088">consolidated </span><span class="pp-class-382 pa t29798 l30948 ls1323">cash </span><span class="pp-class-382 pa t29798 l54900 ls2784">flows </span><span class="pp-class-382 pa t29798 l59264 ls1243">from </span><span class="pp-class-382 pa t29798 l59265 ls4305">operating, </span><span class="pp-class-382 pa t29798 l40686 ls2854">investing, </span><span class="pp-class-382 pa t29798 l59266 ls858">and </span><span class="pp-class-382 pa t29798 l59267 ls1073">financing </span><span class="pp-class-382 pa t29798 l59268 ls688">activities </span><span class="pp-class-382 pa t29798 l59269 ls3278">for </span><span class="pp-class-382 pa t29798 l59270 ls1099">the </span><span class="pp-class-382 pa t29798 l59271 ls648">year, </span><span class="pp-class-382 pa t29798 l49806 ls1099">and </span><span class="pp-class-382 pa t29798 l59272 ls302">the </span><span class="pp-class-382 pa t36806 l3 ls2088">consolidated </span><span class="pp-class-382 pa t36806 l30948 ls1323">cash </span><span class="pp-class-382 pa t36806 l54900 ls858">and </span><span class="pp-class-382 pa t36806 l59273 ls1323">cash </span><span class="pp-class-382 pa t36806 l59274 ls2088">equivalents </span><span class="pp-class-382 pa t36806 l59275 ls1083">at </span><span class="pp-class-382 pa t36806 l59276 ls1099">the </span><span class="pp-class-382 pa t36806 l59277 ls1073">beginning </span><span class="pp-class-382 pa t36806 l59278 ls1099">and </span><span class="pp-class-382 pa t36806 l59279 ls1099">end </span><span class="pp-class-382 pa t36806 l59280 ls103">of </span><span class="pp-class-382 pa t36806 l59281 ls1099">the </span><span class="pp-class-382 pa t36806 l59282 ls9956">year.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t29824 l3 ls858">The </span><span class="pp-class-382 pa t29824 l16631 ls1323">cash </span><span class="pp-class-382 pa t29824 l7489 ls960">flow </span><span class="pp-class-382 pa t29824 l59283 ls2142">effect </span><span class="pp-class-382 pa t29824 l59284 ls103">of </span><span class="pp-class-382 pa t29824 l59285 ls1772">acquisition </span><span class="pp-class-382 pa t29824 l59286 ls1099">and </span><span class="pp-class-382 pa t29824 l16700 ls2694">disposal </span><span class="pp-class-382 pa t29824 l47878 ls103">of </span><span class="pp-class-382 pa t29824 l44436 ls1701">enterprises </span><span class="pp-class-382 pa t29824 l59287 ls1080">is </span><span class="pp-class-382 pa t29824 l59288 ls2142">shown </span><span class="pp-class-382 pa t29824 l59289 ls1015">separately </span><span class="pp-class-382 pa t29824 l59290 ls1080">in </span><span class="pp-class-382 pa t29824 l59291 ls1323">cash </span><span class="pp-class-382 pa t29824 l56603 ls2784">flows </span><span class="pp-class-382 pa t29824 l59292 ls1759">to/</span><span class="pp-class-382 pa t29836 l3 ls1243">from </span><span class="pp-class-382 pa t29836 l49226 ls4299">investing </span><span class="pp-class-382 pa t29836 l59293 ls688">activities. </span><span class="pp-class-382 pa t29836 l59294 ls1323">Cash </span><span class="pp-class-382 pa t29836 l34046 ls2784">flows </span><span class="pp-class-382 pa t29836 l59295 ls1243">from </span><span class="pp-class-382 pa t29836 l59296 ls1772">acquisitions </span><span class="pp-class-382 pa t29836 l59297 ls103">of </span><span class="pp-class-382 pa t29836 l59298 ls1701">enterprises </span><span class="pp-class-382 pa t29836 l59299 ls800">are </span><span class="pp-class-382 pa t29836 l59300 ls2970">recognised </span><span class="pp-class-382 pa t29836 l59301 ls1080">in </span><span class="pp-class-382 pa t29836 l59302 ls1099">the </span><span class="pp-class-382 pa t29836 l59303 ls1323">Cash </span><span class="pp-class-382 pa t29836 l59304 ls3474">flow </span><span class="pp-class-382 pa t29849 l3 ls1150">statement </span><span class="pp-class-382 pa t29849 l4002 ls1243">from </span><span class="pp-class-382 pa t29849 l33981 ls858">the </span><span class="pp-class-382 pa t29849 l59305 ls852">date </span><span class="pp-class-382 pa t29849 l24565 ls103">of </span><span class="pp-class-382 pa t29849 l59306 ls1772">acquisition. </span><span class="pp-class-382 pa t29849 l59307 ls1323">Cash </span><span class="pp-class-382 pa t29849 l27663 ls2784">flows </span><span class="pp-class-382 pa t29849 l16252 ls1243">from </span><span class="pp-class-382 pa t29849 l59308 ls728">divestment </span><span class="pp-class-382 pa t29849 l59309 ls103">of </span><span class="pp-class-382 pa t29849 l59310 ls1701">enterprises </span><span class="pp-class-382 pa t29849 l59311 ls800">are </span><span class="pp-class-382 pa t29849 l59312 ls2970">recognised </span><span class="pp-class-382 pa t29849 l59313 ls278">up </span><span class="pp-class-382 pa t29853 l3 ls1305">until </span><span class="pp-class-382 pa t29853 l59314 ls858">the </span><span class="pp-class-382 pa t29853 l3284 ls852">date </span><span class="pp-class-382 pa t29853 l59315 ls103">of </span><span class="pp-class-382 pa t29853 l59316 ls1073">disposal. </span><span class="pp-class-382 pa t29853 l59317 ls1323">Cash </span><span class="pp-class-382 pa t29853 l59318 ls2784">flows </span><span class="pp-class-382 pa t29853 l59319 ls1243">from </span><span class="pp-class-382 pa t29853 l59320 ls2760">operating </span><span class="pp-class-382 pa t29853 l59321 ls688">activities </span><span class="pp-class-382 pa t29853 l40204 ls1080">is </span><span class="pp-class-382 pa t29853 l59322 ls803">calculated </span><span class="pp-class-382 pa t29853 l59323 ls1080">on </span><span class="pp-class-382 pa t29853 l59324 ls858">the </span><span class="pp-class-382 pa t29853 l59290 ls1759">basis </span><span class="pp-class-382 pa t29853 l59325 ls103">of </span><span class="pp-class-382 pa t29853 l59326 ls1099">the </span><span class="pp-class-382 pa t29853 l59327 ls1974">profit/</span><span class="pp-class-382 pa t29866 l3 ls1323">loss </span><span class="pp-class-382 pa t29866 l59328 ls800">before </span><span class="pp-class-382 pa t29866 l13199 ls3623">depreciation </span><span class="pp-class-382 pa t29866 l59329 ls858">and </span><span class="pp-class-382 pa t29866 l59330 ls238">amortisation </span><span class="pp-class-382 pa t29866 l59331 ls803">(EBITDA) </span><span class="pp-class-382 pa t29866 l59332 ls2113">adjusted </span><span class="pp-class-382 pa t29866 l59333 ls3278">for </span><span class="pp-class-382 pa t29866 l59334 ls858">the </span><span class="pp-class-382 pa t29866 l59335 ls1323">cash </span><span class="pp-class-382 pa t29866 l59336 ls960">flow </span><span class="pp-class-382 pa t29866 l59337 ls2142">effect </span><span class="pp-class-382 pa t29866 l59338 ls103">of </span><span class="pp-class-382 pa t29866 l59339 ls1080">non-cash </span><span class="pp-class-382 pa t36841 l3 ls2760">operating </span><span class="pp-class-382 pa t36841 l52349 ls1319">items, </span><span class="pp-class-382 pa t36841 l59340 ls1237">changes </span><span class="pp-class-382 pa t36841 l47858 ls1080">in </span><span class="pp-class-382 pa t36841 l59341 ls728">working </span><span class="pp-class-382 pa t36841 l59342 ls806">capital </span><span class="pp-class-382 pa t36841 l59343 ls1701">(such </span><span class="pp-class-382 pa t36841 l59344 ls1080">as </span><span class="pp-class-382 pa t36841 l59345 ls646">trade </span><span class="pp-class-382 pa t36841 l59346 ls1316">payables, </span><span class="pp-class-382 pa t36841 l59347 ls828">deferred </span><span class="pp-class-382 pa t36841 l59348 ls1701">income, </span><span class="pp-class-382 pa t36841 l59349 ls728">ETS </span><span class="pp-class-382 pa t36841 l59350 ls99">emission </span><span class="pp-class-382 pa t29875 l3 ls828">provision, </span><span class="pp-class-382 pa t29875 l53774 ls852">current </span><span class="pp-class-382 pa t29875 l59351 ls1859">account </span><span class="pp-class-382 pa t29875 l59352 ls1243">payables </span><span class="pp-class-382 pa t29875 l59353 ls1759">to </span><span class="pp-class-382 pa t29875 l59354 ls1305">joint </span><span class="pp-class-382 pa t29875 l59355 ls2531">ventures, </span><span class="pp-class-382 pa t29875 l37641 ls646">trade </span><span class="pp-class-382 pa t29875 l59356 ls6007">receivables, </span><span class="pp-class-382 pa t29875 l59357 ls1150">prepaid </span><span class="pp-class-382 pa t29875 l59358 ls2486">costs, </span><span class="pp-class-382 pa t29875 l59359 ls2489">etc.), </span><span class="pp-class-382 pa t29878 l3 ls5069">payments </span><span class="pp-class-382 pa t29878 l51240 ls3458">related </span><span class="pp-class-382 pa t29878 l59360 ls1759">to </span><span class="pp-class-382 pa t29878 l59361 ls2694">pensions </span><span class="pp-class-382 pa t29878 l59362 ls858">and </span><span class="pp-class-382 pa t29878 l59363 ls296">other </span><span class="pp-class-382 pa t29878 l21425 ls2787">provisions, </span><span class="pp-class-382 pa t29878 l59364 ls5069">payments </span><span class="pp-class-382 pa t29878 l59365 ls2531">relating </span><span class="pp-class-382 pa t29878 l59366 ls1759">to </span><span class="pp-class-382 pa t29878 l59367 ls1073">financial </span><span class="pp-class-382 pa t29878 l59368 ls1118">items </span><span class="pp-class-382 pa t29878 l59369 ls302">and </span><span class="pp-class-382 pa t29891 l3 ls2944">corporation </span><span class="pp-class-382 pa t29891 l59370 ls1237">tax </span><span class="pp-class-382 pa t29891 l54117 ls1323">paid.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t36874 l3 ls1323">Cash </span><span class="pp-class-382 pa t36874 l59371 ls2784">flows </span><span class="pp-class-382 pa t36874 l59372 ls1243">from </span><span class="pp-class-382 pa t36874 l59373 ls4299">investing </span><span class="pp-class-382 pa t36874 l59374 ls688">activities </span><span class="pp-class-382 pa t36874 l59375 ls238">includes </span><span class="pp-class-382 pa t36874 l59376 ls5069">payments </span><span class="pp-class-382 pa t36874 l59377 ls1080">in </span><span class="pp-class-382 pa t36874 l2919 ls1271">connection </span><span class="pp-class-382 pa t36874 l57331 ls1323">with </span><span class="pp-class-382 pa t36874 l59378 ls1099">the </span><span class="pp-class-382 pa t36874 l44700 ls1772">acquisition </span><span class="pp-class-382 pa t36874 l59379 ls302">and </span><span class="pp-class-382 pa t29917 l3 ls728">divestment </span><span class="pp-class-382 pa t29917 l26651 ls103">of </span><span class="pp-class-382 pa t29917 l5231 ls1701">enterprises </span><span class="pp-class-382 pa t29917 l18505 ls858">and </span><span class="pp-class-382 pa t29917 l50096 ls688">activities </span><span class="pp-class-382 pa t29917 l59380 ls858">and </span><span class="pp-class-382 pa t29917 l49985 ls103">of </span><span class="pp-class-382 pa t29917 l35739 ls1101">non-current </span><span class="pp-class-382 pa t29917 l59381 ls1701">intangible </span><span class="pp-class-382 pa t29917 l59382 ls3474">assets, </span><span class="pp-class-382 pa t29917 l59383 ls296">tangible </span><span class="pp-class-382 pa t29917 l45242 ls238">assets </span><span class="pp-class-382 pa t29917 l59384 ls302">and </span><span class="pp-class-382 pa t29920 l3 ls2854">investments. </span><span class="pp-class-382 pa t29920 l51818 ls1323">Cash </span><span class="pp-class-382 pa t29920 l59385 ls2784">flows </span><span class="pp-class-382 pa t29920 l45964 ls1243">from </span><span class="pp-class-382 pa t29920 l16659 ls1073">financing </span><span class="pp-class-382 pa t29920 l59386 ls688">activities </span><span class="pp-class-382 pa t29920 l59387 ls238">includes </span><span class="pp-class-382 pa t29920 l59388 ls1237">changes </span><span class="pp-class-382 pa t29920 l59389 ls1080">in </span><span class="pp-class-382 pa t29920 l59390 ls858">the </span><span class="pp-class-382 pa t29920 l59391 ls3474">size </span><span class="pp-class-382 pa t29920 l59392 ls1080">or </span><span class="pp-class-382 pa t29920 l59393 ls1118">composition </span><span class="pp-class-382 pa t29920 l59394 ls103">of </span><span class="pp-class-382 pa t29920 l59395 ls302">the </span><span class="pp-class-382 pa t29933 l3 ls1015">Group’s </span><span class="pp-class-382 pa t29933 l44256 ls2784">share </span><span class="pp-class-382 pa t29933 l12706 ls296">capital, </span><span class="pp-class-382 pa t29933 l59396 ls8853">payment </span><span class="pp-class-382 pa t29933 l59397 ls103">of </span><span class="pp-class-382 pa t29933 l59398 ls1073">dividends </span><span class="pp-class-382 pa t29933 l6062 ls1759">to </span><span class="pp-class-382 pa t29933 l59399 ls2889">shareholders, </span><span class="pp-class-382 pa t29933 l59400 ls8853">purchase </span><span class="pp-class-382 pa t29933 l59401 ls103">of </span><span class="pp-class-382 pa t29933 l59402 ls2842">treasury </span><span class="pp-class-382 pa t29933 l59403 ls1150">shares, </span><span class="pp-class-382 pa t29933 l59404 ls1955">cash </span><span class="pp-class-382 pa t48298 l3 ls3377">received </span><span class="pp-class-382 pa t48298 l59405 ls1243">from </span><span class="pp-class-382 pa t48298 l59406 ls19370">exercise </span><span class="pp-class-382 pa t48298 l59407 ls103">of </span><span class="pp-class-382 pa t48298 l18187 ls2784">share </span><span class="pp-class-382 pa t48298 l55365 ls3474">options </span><span class="pp-class-382 pa t48298 l59408 ls858">and </span><span class="pp-class-382 pa t48298 l57379 ls858">the </span><span class="pp-class-382 pa t48298 l59409 ls3278">obtaining </span><span class="pp-class-382 pa t48298 l59410 ls858">and </span><span class="pp-class-382 pa t48298 l59411 ls800">repayment </span><span class="pp-class-382 pa t48298 l59412 ls103">of </span><span class="pp-class-382 pa t48298 l25481 ls1323">bank </span><span class="pp-class-382 pa t48298 l59413 ls1759">loans </span><span class="pp-class-382 pa t48298 l59414 ls302">and </span><span class="pp-class-382 pa t29935 l3 ls819">mortgage </span><span class="pp-class-382 pa t29935 l53976 ls1759">loans </span><span class="pp-class-382 pa t29935 l59415 ls858">and </span><span class="pp-class-382 pa t29935 l59416 ls296">other </span><span class="pp-class-382 pa t29935 l59417 ls1077">long-term </span><span class="pp-class-382 pa t29935 l59418 ls858">and </span><span class="pp-class-382 pa t29935 l59419 ls1859">short-term </span><span class="pp-class-382 pa t29935 l59420 ls1759">debt. </span><span class="pp-class-382 pa t29935 l59421 ls1243">Payment </span><span class="pp-class-382 pa t29935 l59422 ls103">of </span><span class="pp-class-382 pa t29935 l59423 ls1759">lease </span><span class="pp-class-382 pa t29935 l59424 ls1118">liabilities </span><span class="pp-class-382 pa t29935 l59425 ls1080">is </span><span class="pp-class-382 pa t29935 l59426 ls1077">included </span><span class="pp-class-382 pa t29946 l3 ls1759">under </span><span class="pp-class-382 pa t29946 l57642 ls1073">financing </span><span class="pp-class-382 pa t29946 l59427 ls688">activities </span><span class="pp-class-382 pa t29946 l59428 ls858">and </span><span class="pp-class-382 pa t29946 l59429 ls858">the </span><span class="pp-class-382 pa t29946 l59430 ls3458">related </span><span class="pp-class-382 pa t29946 l15159 ls2784">interest </span><span class="pp-class-382 pa t29946 l59431 ls1080">is </span><span class="pp-class-382 pa t29946 l59432 ls238">included </span><span class="pp-class-382 pa t29946 l59433 ls1080">as </span><span class="pp-class-382 pa t29946 l59434 ls302">a </span><span class="pp-class-382 pa t29946 l59435 ls1073">financial </span><span class="pp-class-382 pa t29946 l59436 ls1073">item </span><span class="pp-class-382 pa t29946 l59437 ls1759">under </span><span class="pp-class-382 pa t29946 l59438 ls1083">operating </span><span class="pp-class-382 pa t29959 l3 ls688">activities. </span><span class="pp-class-382 pa t29959 l17549 ls1323">Cash </span><span class="pp-class-382 pa t29959 l59439 ls858">and </span><span class="pp-class-382 pa t29959 l59440 ls1323">cash </span><span class="pp-class-382 pa t29959 l59441 ls2088">equivalents </span><span class="pp-class-382 pa t29959 l53176 ls2694">comprise </span><span class="pp-class-382 pa t29959 l59442 ls1323">cash </span><span class="pp-class-382 pa t29959 l59443 ls1083">at </span><span class="pp-class-382 pa t29959 l59444 ls2970">banks </span><span class="pp-class-382 pa t29959 l59445 ls1099">and </span><span class="pp-class-382 pa t29959 l59446 ls1080">on </span><span class="pp-class-382 pa t29959 l31827 ls1323">hand.</span></p></div></div></div></div></div><div id="pp-id-5124" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3 ls78">Restated </span><span class="pp-class-376 pa t3433 l43332 ls43">for </span><span class="pp-class-376 pa t3433 l43333">changes </span><span class="pp-class-376 pa t3433 l2724">in </span><span class="pp-class-376 pa t3439 l3 ls72">accounting </span><span class="pp-class-376 pa t3439 l43334 ls1101">policy, </span><span class="pp-class-376 pa t3439 l43335 ls1065">refer </span><span class="pp-class-376 pa t3445 l3 ls166">to </span><span class="pp-class-376 pa t3445 l4223 ls171">note </span><span class="pp-class-376 pa t3445 l43336">1.2.</span></p></div></div> <div id="pp-id-5233" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h54992 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls14429">5.5 </span><span class="pp-class-370 pa t21055 l43638 ls997">Acquisitions </span><span class="pp-class-370 pa t21055 l59448">and </span><span class="pp-class-370 pa t21055 l59449 ls166">non-controlling </span><span class="pp-class-370 pa t21055 l59450 ls78">interests</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45774 l3 ls1974">2024</span><span class="pp-class-382 pa t45774 l59451 ls302">, </span><span class="pp-class-383 pa t45774 l16231 ls715">Ekol </span><span class="pp-class-383 pa t45774 l59452 ls3105">International </span><span class="pp-class-383 pa t45774 l11697 ls1323">Logistics </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45789 l3 ls6330">On </span><span class="pp-class-382 pa t45789 l59453 ls6330">15 </span><span class="pp-class-382 pa t45789 l29903 ls892">November </span><span class="pp-class-382 pa t45789 l59454 ls12">2024 </span><span class="pp-class-382 pa t45789 l59455 ls4575">the </span><span class="pp-class-382 pa t45789 l52374 ls4575">acquisition </span><span class="pp-class-382 pa t45789 l59456 ls4906">of </span><span class="pp-class-382 pa t45789 l56449 ls324">100% </span><span class="pp-class-382 pa t45789 l59457 ls4906">of </span><span class="pp-class-382 pa t45789 l53741 ls2329">Ekol </span><span class="pp-class-382 pa t45789 l59458 ls6306">International </span><span class="pp-class-382 pa t45789 l59459 ls2029">Logistics </span><span class="pp-class-382 pa t45789 l59460 ls4504">based </span><span class="pp-class-382 pa t45789 l59461 ls6330">in </span><span class="pp-class-382 pa t45789 l59462 ls2595">Istanbul, </span><span class="pp-class-382 pa t45789 l59463 ls806">Türkiye </span><span class="pp-class-382 pa t45789 l46048 ls128">was </span><span class="pp-class-382 pa t45805 l3 ls6330">completed </span><span class="pp-class-382 pa t45805 l59464 ls4575">and </span><span class="pp-class-382 pa t45805 l59465 ls4575">the </span><span class="pp-class-382 pa t45805 l57244 ls2595">DFDS </span><span class="pp-class-382 pa t45805 l59466 ls2220">Group </span><span class="pp-class-382 pa t45805 l59467 ls2687">obtained </span><span class="pp-class-382 pa t45805 l59468 ls4185">control </span><span class="pp-class-382 pa t45805 l59469 ls6330">as </span><span class="pp-class-382 pa t45805 l59470 ls45">from </span><span class="pp-class-382 pa t45805 l59471 ls2595">this </span><span class="pp-class-382 pa t45805 l59472 ls175">date. </span><span class="pp-class-382 pa t45805 l59473 ls4575">The </span><span class="pp-class-382 pa t45805 l59474 ls4575">acquisition </span><span class="pp-class-382 pa t45805 l59475 ls6330">is </span><span class="pp-class-382 pa t45805 l59476 ls4575">included </span><span class="pp-class-382 pa t45805 l59477 ls6330">in </span><span class="pp-class-382 pa t45805 l59478 ls5681">the </span><span class="pp-class-382 pa t45963 l3 ls2029">Logistics </span><span class="pp-class-382 pa t45963 l59479 ls2029">Division.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45975 l3 ls858">The </span><span class="pp-class-382 pa t45975 l16631 ls1772">addition </span><span class="pp-class-382 pa t45975 l50580 ls103">of </span><span class="pp-class-382 pa t45975 l59480 ls858">the </span><span class="pp-class-382 pa t45975 l24870 ls803">international </span><span class="pp-class-382 pa t45975 l59481 ls53">transport </span><span class="pp-class-382 pa t45975 l59482 ls1244">network </span><span class="pp-class-382 pa t45975 l59483 ls103">of </span><span class="pp-class-382 pa t45975 l59484 ls1868">Ekol </span><span class="pp-class-382 pa t45975 l59485 ls819">Logistics, </span><span class="pp-class-382 pa t45975 l56926 ls1237">enables </span><span class="pp-class-382 pa t45975 l59486 ls1323">DFDS </span><span class="pp-class-382 pa t45975 l59487 ls1759">to </span><span class="pp-class-382 pa t45975 l59488 ls53">offer </span><span class="pp-class-382 pa t45975 l59489 ls246">end-to-end </span><span class="pp-class-382 pa t45987 l3 ls53">transport </span><span class="pp-class-382 pa t45987 l29372 ls3474">solutions </span><span class="pp-class-382 pa t45987 l59490 ls1244">between </span><span class="pp-class-382 pa t45987 l59491 ls3003">Türkiye </span><span class="pp-class-382 pa t45987 l59492 ls1099">and </span><span class="pp-class-382 pa t45987 l53844 ls1083">Europe </span><span class="pp-class-382 pa t45987 l59493 ls2143">directly </span><span class="pp-class-382 pa t45987 l59494 ls1759">to </span><span class="pp-class-382 pa t45987 l59495 ls858">end </span><span class="pp-class-382 pa t45987 l59496 ls296">customers </span><span class="pp-class-382 pa t45987 l59497 ls3474">including </span><span class="pp-class-382 pa t45987 l59498 ls830">distribution </span><span class="pp-class-382 pa t45987 l59499 ls1099">services </span><span class="pp-class-382 pa t45987 l59500 ls302">and </span><span class="pp-class-382 pa t45999 l3 ls2787">warehousing </span><span class="pp-class-382 pa t45999 l42484 ls1080">in </span><span class="pp-class-382 pa t45999 l59501 ls37002">Türkiye.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46023 l3 ls1323">DFDS </span><span class="pp-class-382 pa t46023 l41618 ls1323">paid </span><span class="pp-class-382 pa t46023 l37261 ls858">DKK </span><span class="pp-class-382 pa t46023 l59502 ls2796">1,678m </span><span class="pp-class-382 pa t46023 l59503 ls3278">for </span><span class="pp-class-382 pa t46023 l40954 ls858">the </span><span class="pp-class-382 pa t46023 l59504 ls1316">acquired </span><span class="pp-class-382 pa t46023 l34655 ls10900">company. </span><span class="pp-class-382 pa t46023 l2283 ls1323">Cash </span><span class="pp-class-382 pa t46023 l59505 ls1080">in </span><span class="pp-class-382 pa t46023 l59506 ls1099">the </span><span class="pp-class-382 pa t46023 l59507 ls1316">acquired </span><span class="pp-class-382 pa t46023 l59508 ls2489">company </span><span class="pp-class-382 pa t46023 l59509 ls4275">amounted </span><span class="pp-class-382 pa t46023 l59510 ls1759">to </span><span class="pp-class-382 pa t46023 l59511 ls1099">DKK </span><span class="pp-class-382 pa t46023 l59512 ls1772">241m, </span><span class="pp-class-382 pa t46033 l3 ls6791">consequently, </span><span class="pp-class-382 pa t46033 l59513 ls858">the </span><span class="pp-class-382 pa t46033 l59514 ls1073">liquidity </span><span class="pp-class-382 pa t46033 l59515 ls2142">effect </span><span class="pp-class-382 pa t46033 l59516 ls1150">was </span><span class="pp-class-382 pa t46033 l59517 ls858">DKK </span><span class="pp-class-382 pa t46033 l59518 ls4305">1,438m. </span><span class="pp-class-382 pa t46033 l59519 ls4487">Trade </span><span class="pp-class-382 pa t46033 l59520 ls2787">receivables </span><span class="pp-class-382 pa t46033 l59521 ls185">have </span><span class="pp-class-382 pa t46033 l59522 ls1323">been </span><span class="pp-class-382 pa t46033 l59523 ls2970">recognised </span><span class="pp-class-382 pa t46033 l59524 ls1083">at </span><span class="pp-class-382 pa t46033 l59525 ls1099">the </span><span class="pp-class-382 pa t46033 l59526 ls1118">acquisition </span><span class="pp-class-382 pa t55080 l3 ls852">date </span><span class="pp-class-382 pa t55080 l54065 ls1083">at </span><span class="pp-class-382 pa t55080 l59527 ls302">a </span><span class="pp-class-382 pa t55080 l48712 ls3278">fair </span><span class="pp-class-382 pa t55080 l59528 ls1083">value </span><span class="pp-class-382 pa t55080 l59529 ls103">of </span><span class="pp-class-382 pa t55080 l59530 ls858">DKK </span><span class="pp-class-382 pa t55080 l59531 ls1323">566m </span><span class="pp-class-382 pa t55080 l59532 ls1759">which </span><span class="pp-class-382 pa t55080 l59533 ls1080">is </span><span class="pp-class-382 pa t55080 l59534 ls858">DKK </span><span class="pp-class-382 pa t55080 l59535 ls1080">4m </span><span class="pp-class-382 pa t55080 l59536 ls646">lower </span><span class="pp-class-382 pa t55080 l59537 ls1323">than </span><span class="pp-class-382 pa t55080 l59538 ls1759">their </span><span class="pp-class-382 pa t55080 l59539 ls2784">gross </span><span class="pp-class-382 pa t55080 l59540 ls7855">value.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46049 l3 ls1868">Ekol </span><span class="pp-class-382 pa t46049 l59541 ls1073">Logistics </span><span class="pp-class-382 pa t46049 l59542 ls2143">revenue </span><span class="pp-class-382 pa t46049 l59543 ls238">included </span><span class="pp-class-382 pa t46049 l30692 ls1080">in </span><span class="pp-class-382 pa t46049 l29881 ls858">the </span><span class="pp-class-382 pa t46049 l59544 ls2486">Annual </span><span class="pp-class-382 pa t46049 l59545 ls1257">Reporting </span><span class="pp-class-382 pa t46049 l43937 ls3278">for </span><span class="pp-class-382 pa t46049 l59546 ls1150">2024 </span><span class="pp-class-382 pa t46049 l59547 ls1080">is </span><span class="pp-class-382 pa t46049 l59280 ls1099">DKK </span><span class="pp-class-382 pa t46049 l59548 ls1868">379m </span><span class="pp-class-382 pa t46049 l59549 ls858">and </span><span class="pp-class-382 pa t46049 l59550 ls1080">an </span><span class="pp-class-382 pa t46049 l57205 ls2970">EBITDA </span><span class="pp-class-382 pa t46049 l59551 ls103">of </span><span class="pp-class-382 pa t46049 l59552 ls1099">DKK </span><span class="pp-class-382 pa t46049 l50578 ls1080">-45m. </span><span class="pp-class-382 pa t46049 l59553 ls278">If </span><span class="pp-class-382 pa t46059 l3 ls858">the </span><span class="pp-class-382 pa t46059 l43824 ls2944">transaction </span><span class="pp-class-382 pa t46059 l59554 ls1772">had </span><span class="pp-class-382 pa t46059 l59555 ls1323">been </span><span class="pp-class-382 pa t46059 l59556 ls3278">completed </span><span class="pp-class-382 pa t46059 l33932 ls1080">as </span><span class="pp-class-382 pa t46059 l59557 ls103">of </span><span class="pp-class-382 pa t46059 l15595 ls302">1 </span><span class="pp-class-382 pa t46059 l59558 ls3572">January </span><span class="pp-class-382 pa t46059 l59559 ls1150">2024 </span><span class="pp-class-382 pa t46059 l59560 ls2143">revenue </span><span class="pp-class-382 pa t46059 l59561 ls1243">from </span><span class="pp-class-382 pa t46059 l59562 ls302">1 </span><span class="pp-class-382 pa t46059 l59563 ls3572">January </span><span class="pp-class-382 pa t46059 l59564 ls1150">2024 </span><span class="pp-class-382 pa t46059 l59565 ls1759">to </span><span class="pp-class-382 pa t46059 l59566 ls1080">31 </span><span class="pp-class-382 pa t46059 l59567 ls2694">December </span><span class="pp-class-382 pa t46059 l59568 ls1772">2024 </span><span class="pp-class-382 pa t55123 l3 ls2142">would </span><span class="pp-class-382 pa t55123 l59569 ls185">have </span><span class="pp-class-382 pa t55123 l59570 ls1323">been </span><span class="pp-class-382 pa t55123 l34308 ls858">DKK </span><span class="pp-class-382 pa t55123 l30838 ls7094">3.2bn </span><span class="pp-class-382 pa t55123 l59571 ls858">and </span><span class="pp-class-382 pa t55123 l30145 ls1080">an </span><span class="pp-class-382 pa t55123 l59572 ls2970">EBITDA </span><span class="pp-class-382 pa t55123 l59573 ls103">of </span><span class="pp-class-382 pa t55123 l59574 ls1099">DKK </span><span class="pp-class-382 pa t55123 l59575 ls53">-78m. </span><span class="pp-class-382 pa t55123 l59576 ls12399">Transaction </span><span class="pp-class-382 pa t55123 l59577 ls858">and </span><span class="pp-class-382 pa t55123 l59578 ls1772">acquisition </span><span class="pp-class-382 pa t55123 l59579 ls1759">costs </span><span class="pp-class-382 pa t55123 l59580 ls1118">amounts </span><span class="pp-class-382 pa t55123 l59581 ls1759">to </span><span class="pp-class-382 pa t55123 l59582 ls302">DKK </span><span class="pp-class-382 pa t46064 l3 ls1080">7m </span><span class="pp-class-382 pa t46064 l31773 ls1759">which </span><span class="pp-class-382 pa t46064 l59583 ls800">are </span><span class="pp-class-382 pa t46064 l59584 ls238">included </span><span class="pp-class-382 pa t46064 l46168 ls1759">under </span><span class="pp-class-382 pa t46064 l29922 ls2787">administration </span><span class="pp-class-382 pa t46064 l59585 ls1759">costs.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55141 l3 ls858">Due </span><span class="pp-class-382 pa t55141 l33767 ls1759">to </span><span class="pp-class-382 pa t55141 l49839 ls858">the </span><span class="pp-class-382 pa t55141 l59586 ls1772">acquisition </span><span class="pp-class-382 pa t55141 l59587 ls852">date </span><span class="pp-class-382 pa t55141 l59588 ls1759">being </span><span class="pp-class-382 pa t55141 l29949 ls1080">15 </span><span class="pp-class-382 pa t55141 l59589 ls1316">November </span><span class="pp-class-382 pa t55141 l51888 ls1150">2024 </span><span class="pp-class-382 pa t55141 l59590 ls858">the </span><span class="pp-class-382 pa t55141 l59591 ls8853">purchase </span><span class="pp-class-382 pa t55141 l59592 ls1759">price </span><span class="pp-class-382 pa t55141 l59593 ls688">allocation </span><span class="pp-class-382 pa t55141 l47847 ls1080">is </span><span class="pp-class-382 pa t55141 l59594 ls53">preliminary </span><span class="pp-class-382 pa t55141 l59595 ls858">and </span><span class="pp-class-382 pa t55141 l59596 ls1323">will </span><span class="pp-class-382 pa t55141 l59597 ls278">be </span><span class="pp-class-382 pa t46088 l3 ls3474">subject </span><span class="pp-class-382 pa t46088 l59598 ls1759">to </span><span class="pp-class-382 pa t46088 l54120 ls3278">adjustments </span><span class="pp-class-382 pa t46088 l59599 ls1080">on </span><span class="pp-class-382 pa t46088 l59600 ls2143">several </span><span class="pp-class-382 pa t46088 l59601 ls1319">items. </span><span class="pp-class-382 pa t46088 l59602 ls858">The </span><span class="pp-class-382 pa t46088 l59603 ls1759">major </span><span class="pp-class-382 pa t46088 l59604 ls803">categories </span><span class="pp-class-382 pa t46088 l20699 ls103">of </span><span class="pp-class-382 pa t46088 l47942 ls830">net </span><span class="pp-class-382 pa t46088 l59605 ls238">assets </span><span class="pp-class-382 pa t46088 l59606 ls3278">for </span><span class="pp-class-382 pa t46088 l47566 ls1759">which </span><span class="pp-class-382 pa t46088 l59607 ls1772">acquisition </span><span class="pp-class-382 pa t46088 l59608 ls806">accounting </span><span class="pp-class-382 pa t46102 l3 ls1080">is </span><span class="pp-class-382 pa t46102 l46558 ls1759">still </span><span class="pp-class-382 pa t46102 l59609 ls1237">ongoing </span><span class="pp-class-382 pa t46102 l13459 ls2149">mainly </span><span class="pp-class-382 pa t46102 l59610 ls1864">relate </span><span class="pp-class-382 pa t46102 l59611 ls1759">to </span><span class="pp-class-382 pa t46102 l59612 ls3278">fair </span><span class="pp-class-382 pa t46102 l59613 ls1083">value </span><span class="pp-class-382 pa t46102 l59614 ls806">assessment </span><span class="pp-class-382 pa t46102 l59615 ls103">of </span><span class="pp-class-382 pa t46102 l59616 ls1319">equipment </span><span class="pp-class-382 pa t46102 l59617 ls858">and </span><span class="pp-class-382 pa t46102 l51308 ls296">other </span><span class="pp-class-382 pa t46102 l59618 ls852">current </span><span class="pp-class-382 pa t46102 l59619 ls1118">liabilities </span><span class="pp-class-382 pa t46102 l59620 ls1080">as </span><span class="pp-class-382 pa t46102 l59621 ls960">well </span><span class="pp-class-382 pa t46102 l59622 ls1080">as </span><span class="pp-class-382 pa t46102 l59623 ls1099">non-</span><span class="pp-class-382 pa t55164 l3 ls852">current </span><span class="pp-class-382 pa t55164 l46050 ls1701">intangible </span><span class="pp-class-382 pa t55164 l49110 ls238">assets </span><span class="pp-class-382 pa t55164 l29192 ls858">and </span><span class="pp-class-382 pa t55164 l59624 ls2694">goodwill </span><span class="pp-class-382 pa t55164 l17228 ls3474">including </span><span class="pp-class-382 pa t55164 l59625 ls688">allocation </span><span class="pp-class-382 pa t55164 l59626 ls1974">hereof </span><span class="pp-class-382 pa t55164 l59627 ls1759">to </span><span class="pp-class-382 pa t55164 l59628 ls1323">cash </span><span class="pp-class-382 pa t55164 l53693 ls4305">generating </span><span class="pp-class-382 pa t55164 l59629 ls1759">units.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46121 l3 ls8853">Following </span><span class="pp-class-382 pa t46121 l59630 ls2142">recognition </span><span class="pp-class-382 pa t46121 l59631 ls103">of </span><span class="pp-class-382 pa t46121 l55482 ls1316">acquired </span><span class="pp-class-382 pa t46121 l13127 ls296">identifiable </span><span class="pp-class-382 pa t46121 l59632 ls238">assets </span><span class="pp-class-382 pa t46121 l59633 ls1099">and </span><span class="pp-class-382 pa t46121 l59634 ls1118">liabilities </span><span class="pp-class-382 pa t46121 l59635 ls1083">at </span><span class="pp-class-382 pa t46121 l59636 ls1759">their </span><span class="pp-class-382 pa t46121 l59637 ls3278">fair </span><span class="pp-class-382 pa t46121 l59638 ls2760">value, </span><span class="pp-class-382 pa t46121 l59639 ls858">the </span><span class="pp-class-382 pa t46121 l59640 ls2694">goodwill </span><span class="pp-class-382 pa t46121 l59641 ls3458">related </span><span class="pp-class-382 pa t46121 l59642 ls302">to </span><span class="pp-class-382 pa t46135 l3 ls858">the </span><span class="pp-class-382 pa t46135 l43824 ls1772">acquisition </span><span class="pp-class-382 pa t46135 l59643 ls1080">is </span><span class="pp-class-382 pa t46135 l50094 ls8853">measured </span><span class="pp-class-382 pa t46135 l59644 ls1083">at </span><span class="pp-class-382 pa t46135 l50608 ls858">DKK </span><span class="pp-class-382 pa t46135 l59645 ls18578">1,761m. </span><span class="pp-class-382 pa t46135 l53876 ls1099">The </span><span class="pp-class-382 pa t46135 l59646 ls2694">goodwill </span><span class="pp-class-382 pa t46135 l59647 ls11245">represents </span><span class="pp-class-382 pa t46135 l59648 ls1099">the </span><span class="pp-class-382 pa t46135 l59649 ls960">know </span><span class="pp-class-382 pa t46135 l59650 ls1150">how </span><span class="pp-class-382 pa t46135 l59651 ls2784">taken </span><span class="pp-class-382 pa t46135 l46021 ls2671">over </span><span class="pp-class-382 pa t46135 l59652 ls858">and </span><span class="pp-class-382 pa t46135 l59653 ls858">the </span><span class="pp-class-382 pa t46135 l59654 ls1083">value </span><span class="pp-class-382 pa t46135 l59655 ls134">of </span><span class="pp-class-382 pa t46146 l3 ls1073">combining </span><span class="pp-class-382 pa t46146 l59656 ls1323">this </span><span class="pp-class-382 pa t46146 l29373 ls1323">with </span><span class="pp-class-382 pa t46146 l46997 ls1099">the </span><span class="pp-class-382 pa t46146 l59657 ls8853">existing </span><span class="pp-class-382 pa t46146 l59658 ls1323">DFDS </span><span class="pp-class-382 pa t46146 l59659 ls2854">network. </span><span class="pp-class-382 pa t46146 l59660 ls5024">Moreover, </span><span class="pp-class-382 pa t46146 l59661 ls1759">DFDS’ </span><span class="pp-class-382 pa t46146 l59662 ls1073">logistics </span><span class="pp-class-382 pa t46146 l44812 ls1244">network </span><span class="pp-class-382 pa t46146 l49242 ls1323">will </span><span class="pp-class-382 pa t46146 l59663 ls1080">be </span><span class="pp-class-382 pa t46146 l59664 ls8853">expanded </span><span class="pp-class-382 pa t46146 l59665 ls1083">across </span><span class="pp-class-382 pa t55204 l3 ls1083">Europe </span><span class="pp-class-382 pa t55204 l59666 ls1099">and </span><span class="pp-class-382 pa t55204 l59667 ls3278">connected </span><span class="pp-class-382 pa t55204 l50889 ls1759">to </span><span class="pp-class-382 pa t55204 l59668 ls721">Türkiye. </span><span class="pp-class-382 pa t55204 l39633 ls1323">This </span><span class="pp-class-382 pa t55204 l59669 ls3377">provides </span><span class="pp-class-382 pa t55204 l21468 ls1323">DFDS </span><span class="pp-class-382 pa t55204 l54152 ls1772">access </span><span class="pp-class-382 pa t55204 l59670 ls1759">to </span><span class="pp-class-382 pa t55204 l59671 ls53">offer </span><span class="pp-class-382 pa t55204 l59672 ls840">end-to-end </span><span class="pp-class-382 pa t55204 l59673 ls53">transport </span><span class="pp-class-382 pa t55204 l59674 ls858">and </span><span class="pp-class-382 pa t55204 l59675 ls1323">logistics </span><span class="pp-class-382 pa t46150 l3 ls3474">solutions </span><span class="pp-class-382 pa t46150 l59676 ls2143">directly </span><span class="pp-class-382 pa t46150 l59677 ls1759">to </span><span class="pp-class-382 pa t46150 l59678 ls858">end </span><span class="pp-class-382 pa t46150 l45024 ls296">customers </span><span class="pp-class-382 pa t46150 l59679 ls1243">trading </span><span class="pp-class-382 pa t46150 l59680 ls1244">between </span><span class="pp-class-382 pa t46150 l59681 ls3003">Türkiye </span><span class="pp-class-382 pa t46150 l46129 ls1099">and </span><span class="pp-class-382 pa t46150 l59682 ls1194">Europe. </span><span class="pp-class-382 pa t46150 l59683 ls2694">Goodwill </span><span class="pp-class-382 pa t46150 l59684 ls858">has </span><span class="pp-class-382 pa t46150 l59685 ls53">preliminary </span><span class="pp-class-382 pa t46150 l59686 ls1955">been </span><span class="pp-class-382 pa t46166 l3 ls3105">allocated </span><span class="pp-class-382 pa t46166 l59687 ls7094">fully </span><span class="pp-class-382 pa t46166 l59688 ls1759">to </span><span class="pp-class-382 pa t46166 l3083 ls858">the </span><span class="pp-class-382 pa t46166 l59689 ls1073">Logistics </span><span class="pp-class-382 pa t46166 l52429 ls1073">Division. </span><span class="pp-class-382 pa t46166 l59690 ls1099">The </span><span class="pp-class-382 pa t46166 l59691 ls2694">goodwill </span><span class="pp-class-382 pa t46166 l59692 ls1080">is </span><span class="pp-class-382 pa t46166 l59693 ls830">not </span><span class="pp-class-382 pa t46166 l59694 ls1271">deductible </span><span class="pp-class-382 pa t46166 l59695 ls3278">for </span><span class="pp-class-382 pa t46166 l59696 ls1237">tax </span><span class="pp-class-382 pa t46166 l59697 ls1073">purposes. </span><span class="pp-class-382 pa t46166 l59698 ls858">The </span><span class="pp-class-382 pa t46166 l59699 ls296">preliminary </span><span class="pp-class-382 pa t46179 l3 ls8853">purchase </span><span class="pp-class-382 pa t46179 l59700 ls1759">price </span><span class="pp-class-382 pa t46179 l59701 ls688">allocation </span><span class="pp-class-382 pa t46179 l59702 ls1080">is </span><span class="pp-class-382 pa t46179 l59703 ls1271">shown. </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t55247 l3 ls1974">2024</span><span class="pp-class-382 pa t55247 l59451 ls302">, </span><span class="pp-class-383 pa t55247 l16231 ls858">FRS </span><span class="pp-class-383 pa t55247 l59704 ls2486">Iberia </span><span class="pp-class-383 pa t55247 l59705 ls1305">Group </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55256 l3 ls1080">On </span><span class="pp-class-382 pa t55256 l43809 ls684">17 </span><span class="pp-class-382 pa t55256 l59706 ls3278">September </span><span class="pp-class-382 pa t55256 l59707 ls1323">2023 </span><span class="pp-class-382 pa t55256 l59708 ls1080">it </span><span class="pp-class-382 pa t55256 l59709 ls1150">was </span><span class="pp-class-382 pa t55256 l42614 ls1073">announced </span><span class="pp-class-382 pa t55256 l59710 ls6360">that </span><span class="pp-class-382 pa t55256 l37955 ls1099">the </span><span class="pp-class-382 pa t55256 l12974 ls1323">DFDS </span><span class="pp-class-382 pa t55256 l59711 ls2784">Group </span><span class="pp-class-382 pa t55256 l59712 ls1772">had </span><span class="pp-class-382 pa t55256 l51812 ls4305">entered </span><span class="pp-class-382 pa t55256 l59713 ls3474">into </span><span class="pp-class-382 pa t55256 l59714 ls1080">an </span><span class="pp-class-382 pa t55256 l59715 ls1316">agreement </span><span class="pp-class-382 pa t55256 l59716 ls1759">to </span><span class="pp-class-382 pa t55256 l59717 ls1150">acquire </span><span class="pp-class-382 pa t55271 l3 ls1772">100% </span><span class="pp-class-382 pa t55271 l59718 ls103">of </span><span class="pp-class-382 pa t55271 l59719 ls1323">FRS </span><span class="pp-class-382 pa t55271 l59720 ls4275">Iberia/Maroc, </span><span class="pp-class-382 pa t55271 l59721 ls302">a </span><span class="pp-class-382 pa t55271 l34302 ls2694">division </span><span class="pp-class-382 pa t55271 l59722 ls103">of </span><span class="pp-class-382 pa t55271 l59723 ls858">the </span><span class="pp-class-382 pa t55271 l59724 ls2486">German </span><span class="pp-class-382 pa t55271 l59725 ls858">shortsea </span><span class="pp-class-382 pa t55271 l59726 ls869">ferry </span><span class="pp-class-382 pa t55271 l59727 ls2489">company </span><span class="pp-class-382 pa t55271 l59728 ls1323">FRS </span><span class="pp-class-382 pa t55271 l59729 ls1323">GmbH </span><span class="pp-class-382 pa t55271 l59730 ls302">&amp; </span><span class="pp-class-382 pa t55271 l59731 ls4275">Co. </span><span class="pp-class-382 pa t55271 l59732 ls9956">KG. </span><span class="pp-class-382 pa t55271 l59733 ls1237">Closing </span><span class="pp-class-382 pa t55271 l59734 ls134">of </span><span class="pp-class-382 pa t55281 l3 ls858">the </span><span class="pp-class-382 pa t55281 l43824 ls2944">transaction </span><span class="pp-class-382 pa t55281 l59554 ls1150">was </span><span class="pp-class-382 pa t55281 l59735 ls3278">completed </span><span class="pp-class-382 pa t55281 l46955 ls1772">10 </span><span class="pp-class-382 pa t55281 l35079 ls3572">January </span><span class="pp-class-382 pa t55281 l37272 ls2854">2024. </span><span class="pp-class-382 pa t55281 l59736 ls1099">The </span><span class="pp-class-382 pa t55281 l59737 ls1772">acquisition </span><span class="pp-class-382 pa t55281 l59738 ls1080">is </span><span class="pp-class-382 pa t55281 l59739 ls238">included </span><span class="pp-class-382 pa t55281 l59740 ls1080">in </span><span class="pp-class-382 pa t55281 l59741 ls858">the </span><span class="pp-class-382 pa t55281 l59742 ls1323">Ferry </span><span class="pp-class-382 pa t55281 l59743 ls2694">Division.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t59744 l3 ls1323">FRS </span><span class="pp-class-382 pa t59744 l59745 ls819">Iberia/Maroc </span><span class="pp-class-382 pa t59744 l16769 ls2145">operates </span><span class="pp-class-382 pa t59744 l59746 ls2784">three </span><span class="pp-class-382 pa t59744 l22505 ls1818">short-sea </span><span class="pp-class-382 pa t59744 l59747 ls869">ferry </span><span class="pp-class-382 pa t59744 l59748 ls4305">routes </span><span class="pp-class-382 pa t59744 l59749 ls2531">across </span><span class="pp-class-382 pa t59744 l50912 ls1099">the </span><span class="pp-class-382 pa t59744 l31687 ls1083">Strait </span><span class="pp-class-382 pa t59744 l59750 ls103">of </span><span class="pp-class-382 pa t59744 l59751 ls2760">Gibraltar </span><span class="pp-class-382 pa t59744 l52479 ls1271">connecting </span><span class="pp-class-382 pa t59744 l59752 ls1759">Spain </span><span class="pp-class-382 pa t59744 l59753 ls302">and </span><span class="pp-class-382 pa t55301 l3 ls2944">Morocco. </span><span class="pp-class-382 pa t55301 l59754 ls858">The </span><span class="pp-class-382 pa t55301 l26132 ls1772">acquisition </span><span class="pp-class-382 pa t55301 l36773 ls1080">is </span><span class="pp-class-382 pa t55301 l44520 ls1237">aligned </span><span class="pp-class-382 pa t55301 l54151 ls1323">with </span><span class="pp-class-382 pa t55301 l59755 ls1759">DFDS’ </span><span class="pp-class-382 pa t55301 l59756 ls2145">strategy </span><span class="pp-class-382 pa t55301 l59757 ls1759">to </span><span class="pp-class-382 pa t55301 l59758 ls1243">develop </span><span class="pp-class-382 pa t55301 l59759 ls1099">and </span><span class="pp-class-382 pa t55301 l59760 ls1083">expand </span><span class="pp-class-382 pa t55301 l59761 ls858">the </span><span class="pp-class-382 pa t55301 l59762 ls53">transport </span><span class="pp-class-382 pa t55301 l59763 ls688">network </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55315 l3 ls2489">focused </span><span class="pp-class-382 pa t55315 l55342 ls1080">on </span><span class="pp-class-382 pa t55315 l48928 ls2889">moving </span><span class="pp-class-382 pa t55315 l44931 ls1759">goods </span><span class="pp-class-382 pa t55315 l59764 ls1080">in </span><span class="pp-class-382 pa t55315 l59765 ls8853">trailers </span><span class="pp-class-382 pa t55315 l59766 ls2784">by </span><span class="pp-class-382 pa t55315 l59767 ls2796">ferry, </span><span class="pp-class-382 pa t55315 l59768 ls2671">road </span><span class="pp-class-382 pa t55315 l59769 ls302">&amp; </span><span class="pp-class-382 pa t55315 l59770 ls1243">rail </span><span class="pp-class-382 pa t55315 l51796 ls1080">as </span><span class="pp-class-382 pa t55315 l59771 ls960">well </span><span class="pp-class-382 pa t55315 l59772 ls1080">as </span><span class="pp-class-382 pa t55315 l59773 ls2889">moving </span><span class="pp-class-382 pa t55315 l59774 ls819">passengers.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55340 l3 ls858">The </span><span class="pp-class-382 pa t55340 l16631 ls1772">acquisition </span><span class="pp-class-382 pa t55340 l59775 ls1150">expands </span><span class="pp-class-382 pa t55340 l59776 ls1759">DFDS’ </span><span class="pp-class-382 pa t55340 l59777 ls2970">Mediterranean </span><span class="pp-class-382 pa t55340 l59778 ls2688">route </span><span class="pp-class-382 pa t55340 l59779 ls1244">network </span><span class="pp-class-382 pa t55340 l59780 ls6360">that </span><span class="pp-class-382 pa t55340 l59781 ls2784">today </span><span class="pp-class-382 pa t55340 l55226 ls1271">connects </span><span class="pp-class-382 pa t55340 l59782 ls1083">Europe </span><span class="pp-class-382 pa t55340 l59783 ls1323">with </span><span class="pp-class-382 pa t55340 l59784 ls3003">Türkiye </span><span class="pp-class-382 pa t55340 l59785 ls302">and </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55353 l3 ls3241">Tunisia, </span><span class="pp-class-382 pa t55353 l30998 ls3539">respectively. </span><span class="pp-class-382 pa t55353 l31057 ls858">The </span><span class="pp-class-382 pa t55353 l4552 ls2134">region’s </span><span class="pp-class-382 pa t55353 l59786 ls3623">market </span><span class="pp-class-382 pa t55353 l48720 ls7756">growth </span><span class="pp-class-382 pa t55353 l59787 ls1080">is </span><span class="pp-class-382 pa t55353 l59788 ls828">expected </span><span class="pp-class-382 pa t55353 l59789 ls1759">to </span><span class="pp-class-382 pa t55353 l58779 ls830">continue </span><span class="pp-class-382 pa t55353 l59790 ls1759">to </span><span class="pp-class-382 pa t55353 l59791 ls2955">exceed </span><span class="pp-class-382 pa t55353 l59792 ls7756">growth </span><span class="pp-class-382 pa t55353 l59793 ls2531">levels </span><span class="pp-class-382 pa t55353 l59794 ls1080">in </span><span class="pp-class-382 pa t55353 l59795 ls1065">northern </span><span class="pp-class-382 pa t59796 l3 ls1083">Europe </span><span class="pp-class-382 pa t59796 l59666 ls1118">underpinned </span><span class="pp-class-382 pa t59796 l59797 ls2784">by </span><span class="pp-class-382 pa t59796 l59798 ls1118">nearshoring </span><span class="pp-class-382 pa t59796 l48592 ls103">of </span><span class="pp-class-382 pa t59796 l59799 ls2142">manufacturing </span><span class="pp-class-382 pa t59796 l59800 ls2149">supply </span><span class="pp-class-382 pa t59796 l59801 ls2486">chains </span><span class="pp-class-382 pa t59796 l59802 ls2486">closer </span><span class="pp-class-382 pa t59796 l59803 ls1759">to </span><span class="pp-class-382 pa t59796 l59804 ls1099">end </span><span class="pp-class-382 pa t59796 l59805 ls1868">markets </span><span class="pp-class-382 pa t59796 l50091 ls1080">in </span><span class="pp-class-382 pa t59796 l59806 ls2149">Europe.</span></p></div></div><div id="pp-id-5277" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h59807 pa t2 l3 wtro4 xx335 tro6 xx336"><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30568 l3 ls1323">DFDS </span><span class="pp-class-382 pa t30568 l41618 ls1323">paid </span><span class="pp-class-382 pa t30568 l37261 ls858">DKK </span><span class="pp-class-382 pa t30568 l59502 ls3435">1,519m </span><span class="pp-class-382 pa t30568 l59808 ls3278">for </span><span class="pp-class-382 pa t30568 l59809 ls858">the </span><span class="pp-class-382 pa t30568 l50335 ls1316">acquired </span><span class="pp-class-382 pa t30568 l59810 ls10900">company. </span><span class="pp-class-382 pa t30568 l59811 ls1323">Cash </span><span class="pp-class-382 pa t30568 l59812 ls1080">in </span><span class="pp-class-382 pa t30568 l46476 ls1099">the </span><span class="pp-class-382 pa t30568 l59813 ls1316">acquired </span><span class="pp-class-382 pa t30568 l59814 ls2489">company </span><span class="pp-class-382 pa t30568 l59815 ls4275">amounted </span><span class="pp-class-382 pa t30568 l59816 ls1759">to </span><span class="pp-class-382 pa t30568 l59817 ls1099">DKK </span><span class="pp-class-382 pa t30568 l59818 ls1080">421m. </span><span class="pp-class-382 pa t30575 l3 ls3190">Accordingly, </span><span class="pp-class-382 pa t30575 l53036 ls858">the </span><span class="pp-class-382 pa t30575 l29876 ls1323">cash </span><span class="pp-class-382 pa t30575 l33851 ls960">flow </span><span class="pp-class-382 pa t30575 l32554 ls2142">effect </span><span class="pp-class-382 pa t30575 l59819 ls1150">was </span><span class="pp-class-382 pa t30575 l59820 ls858">DKK </span><span class="pp-class-382 pa t30575 l59821 ls864">1,098m. </span><span class="pp-class-382 pa t30575 l59822 ls4487">Trade </span><span class="pp-class-382 pa t30575 l59823 ls2787">receivables </span><span class="pp-class-382 pa t30575 l59824 ls185">have </span><span class="pp-class-382 pa t30575 l59825 ls1323">been </span><span class="pp-class-382 pa t30575 l59826 ls2970">recognised </span><span class="pp-class-382 pa t30575 l59827 ls1083">at </span><span class="pp-class-382 pa t30575 l59828 ls858">the </span><span class="pp-class-382 pa t30575 l59829 ls1118">acquisition </span><span class="pp-class-382 pa t30583 l3 ls852">date </span><span class="pp-class-382 pa t30583 l54065 ls1083">at </span><span class="pp-class-382 pa t30583 l59527 ls302">a </span><span class="pp-class-382 pa t30583 l48712 ls3278">fair </span><span class="pp-class-382 pa t30583 l59528 ls1083">value </span><span class="pp-class-382 pa t30583 l59529 ls103">of </span><span class="pp-class-382 pa t30583 l59530 ls858">DKK </span><span class="pp-class-382 pa t30583 l59531 ls858">85m </span><span class="pp-class-382 pa t30583 l59830 ls1759">which </span><span class="pp-class-382 pa t30583 l16487 ls1080">is </span><span class="pp-class-382 pa t30583 l59831 ls858">DKK </span><span class="pp-class-382 pa t30583 l59832 ls1080">3m </span><span class="pp-class-382 pa t30583 l47841 ls646">lower </span><span class="pp-class-382 pa t30583 l59833 ls1323">than </span><span class="pp-class-382 pa t30583 l18690 ls1759">their </span><span class="pp-class-382 pa t30583 l59834 ls2784">gross </span><span class="pp-class-382 pa t30583 l46370 ls7855">value.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30593 l3 wtro3159 wtr4902 tro3160 tr4903">In </span><span class="pp-class-382 pa t30593 l59835 ls96 wtro3159 wtr4902 tro3160 tr4903">connection </span><span class="pp-class-382 pa t30593 l59836 wtro3159 wtr4902 tro3160 tr4903">with </span><span class="pp-class-382 pa t30593 l59837 wtro3159 wtr4902 tro3160 tr4903">the </span><span class="pp-class-382 pa t30593 l59838 ls37 wtro3159 wtr4902 tro3160 tr4903">acquisition </span><span class="pp-class-382 pa t30593 l59839 wtro3159 wtr4902 tro3160 tr4903">DFDS </span><span class="pp-class-382 pa t30593 l59840 wtro3159 wtr4902 tro3160 tr4903">has </span><span class="pp-class-382 pa t30593 l59841 ls150 wtro3159 wtr4902 tro3160 tr4903">not </span><span class="pp-class-382 pa t30593 l59842 ls287 wtro3159 wtr4902 tro3160 tr4903">identified </span><span class="pp-class-382 pa t30593 l59843 ls43 wtro3159 wtr4902 tro3160 tr4903">any </span><span class="pp-class-382 pa t30593 l59844 ls842 wtro3159 wtr4902 tro3160 tr4903">intangible </span><span class="pp-class-382 pa t30593 l59845 ls175 wtro3159 wtr4902 tro3160 tr4903">assets </span><span class="pp-class-382 pa t30593 l59846 ls166 wtro3159 wtr4902 tro3160 tr4903">to </span><span class="pp-class-382 pa t30593 l59847 ls12 wtro3159 wtr4902 tro3160 tr4903">be </span><span class="pp-class-382 pa t30593 l59848 ls171 wtro3159 wtr4902 tro3160 tr4903">recognised </span><span class="pp-class-382 pa t30593 l59849 ls72 wtro3159 wtr4902 tro3160 tr4903">other </span><span class="pp-class-382 pa t30606 l3 wtro3159 wtr4902 tro3160 tr4903">than </span><span class="pp-class-382 pa t30606 l59850 wtro3159 wtr4902 tro3160 tr4903">goodwill.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t30622 l3 ls7694">Following </span><span class="pp-class-382 pa t30622 l59851 ls1194">recognition </span><span class="pp-class-382 pa t30622 l31752 ls1759">of </span><span class="pp-class-382 pa t30622 l59852 ls3435">acquired </span><span class="pp-class-382 pa t30622 l59853 ls2142">identifiable </span><span class="pp-class-382 pa t30622 l59854 ls2142">assets </span><span class="pp-class-382 pa t30622 l57458 ls1073">and </span><span class="pp-class-382 pa t30622 l59855 ls728">liabilities </span><span class="pp-class-382 pa t30622 l59856 ls2531">at </span><span class="pp-class-382 pa t30622 l55979 ls1772">their </span><span class="pp-class-382 pa t30622 l59857 ls8853">fair </span><span class="pp-class-382 pa t30622 l59858 ls650">value, </span><span class="pp-class-382 pa t30622 l59859 ls1073">the </span><span class="pp-class-382 pa t30622 l59860 ls5039">goodwill </span><span class="pp-class-382 pa t30622 l59861 ls2143">related </span><span class="pp-class-382 pa t30622 l59862 ls1271">to </span><span class="pp-class-382 pa t30622 l59863 ls1955">the </span><span class="pp-class-382 pa t30628 l3 ls1244">acquisition </span><span class="pp-class-382 pa t30628 l59864 ls1323">is </span><span class="pp-class-382 pa t30628 l59865 ls2149">measured </span><span class="pp-class-382 pa t30628 l59866 ls2531">at </span><span class="pp-class-382 pa t30628 l59867 ls1073">DKK </span><span class="pp-class-382 pa t30628 l16764 ls1734">757m. </span><span class="pp-class-382 pa t30628 l59868 ls5039">Goodwill </span><span class="pp-class-382 pa t30628 l59869 ls2143">relates </span><span class="pp-class-382 pa t30628 l59870 ls1271">to </span><span class="pp-class-382 pa t30628 l59871 ls1073">the </span><span class="pp-class-382 pa t30628 l59872 ls1271">Ferry </span><span class="pp-class-382 pa t30628 l59873 ls1101">division. </span><span class="pp-class-382 pa t30628 l59874 ls1073">The </span><span class="pp-class-382 pa t30628 l59875 ls5039">goodwill </span><span class="pp-class-382 pa t30628 l59876 ls2134">represents </span><span class="pp-class-382 pa t30628 l59877 ls828">primarily </span><span class="pp-class-382 pa t30634 l3 ls1073">the </span><span class="pp-class-382 pa t30634 l59878 ls800">value </span><span class="pp-class-382 pa t30634 l59879 ls1759">of </span><span class="pp-class-382 pa t30634 l59880 ls2760">purchasing </span><span class="pp-class-382 pa t30634 l59881 ls1073">the </span><span class="pp-class-382 pa t30634 l59882 ls53">unique </span><span class="pp-class-382 pa t30634 l59883 ls1073">and </span><span class="pp-class-382 pa t30634 l34156 ls2955">integrated </span><span class="pp-class-382 pa t30634 l44122 ls7694">network </span><span class="pp-class-382 pa t30634 l59884 ls1759">of </span><span class="pp-class-382 pa t30634 l59885 ls728">sea-based </span><span class="pp-class-382 pa t30634 l59886 ls2127">transport </span><span class="pp-class-382 pa t30634 l59887 ls1759">of </span><span class="pp-class-382 pa t30634 l25930 ls646">cargo </span><span class="pp-class-382 pa t30634 l59888 ls1073">and </span><span class="pp-class-382 pa t30634 l59889 ls1701">passengers </span><span class="pp-class-382 pa t30807 l3 ls7694">between </span><span class="pp-class-382 pa t30807 l59890 ls3377">Morocco </span><span class="pp-class-382 pa t30807 l31735 ls1073">and </span><span class="pp-class-382 pa t30807 l59891 ls800">Europe </span><span class="pp-class-382 pa t30807 l59892 ls1323">as </span><span class="pp-class-382 pa t30807 l59893 ls1243">well </span><span class="pp-class-382 pa t30807 l59894 ls1323">as </span><span class="pp-class-382 pa t30807 l51392 ls1073">the </span><span class="pp-class-382 pa t30807 l59895 ls800">value </span><span class="pp-class-382 pa t30807 l59896 ls1759">of </span><span class="pp-class-382 pa t30807 l59897 ls1073">the </span><span class="pp-class-382 pa t30807 l59898 ls1083">staff </span><span class="pp-class-382 pa t30807 l59899 ls646">taken </span><span class="pp-class-382 pa t30807 l59900 ls13362">over, </span><span class="pp-class-382 pa t30807 l59901 ls1073">and </span><span class="pp-class-382 pa t30807 l59902 ls1073">the </span><span class="pp-class-382 pa t30807 l59903 ls3630">expected </span><span class="pp-class-382 pa t30807 l59904 ls3630">synergies </span><span class="pp-class-382 pa t30807 l59905 ls852">from </span><span class="pp-class-382 pa t30644 l3 ls1101">combining </span><span class="pp-class-382 pa t30644 l46413 ls1073">the </span><span class="pp-class-382 pa t30644 l56764 ls3435">acquired </span><span class="pp-class-382 pa t30644 l49228 ls1974">activities </span><span class="pp-class-382 pa t30644 l59906 ls3474">with </span><span class="pp-class-382 pa t30644 l51189 ls1073">the </span><span class="pp-class-382 pa t30644 l59907 ls2149">existing </span><span class="pp-class-382 pa t30644 l59908 ls3474">DFDS </span><span class="pp-class-382 pa t30644 l59909 ls1974">activities </span><span class="pp-class-382 pa t30644 l59910 ls1073">and </span><span class="pp-class-382 pa t30644 l59911 ls2688">network. </span><span class="pp-class-382 pa t30644 l59912 ls1073">The </span><span class="pp-class-382 pa t30644 l59913 ls5039">goodwill </span><span class="pp-class-382 pa t30644 l59914 ls1323">is </span><span class="pp-class-382 pa t30644 l59915 ls1101">not </span><span class="pp-class-382 pa t30644 l59916 ls2842">deductible </span><span class="pp-class-382 pa t30649 l3 ls8853">for </span><span class="pp-class-382 pa t30649 l59917 ls3278">tax </span><span class="pp-class-382 pa t30649 l59918 ls1101">purposes. </span><span class="pp-class-382 pa t30649 l53324 ls1073">The </span><span class="pp-class-382 pa t30649 l50916 ls2149">purchase </span><span class="pp-class-382 pa t30649 l58810 ls1772">price </span><span class="pp-class-382 pa t30649 l59919 ls1974">allocation </span><span class="pp-class-382 pa t30649 l59920 ls8853">for </span><span class="pp-class-382 pa t30649 l51990 ls296">FRS </span><span class="pp-class-382 pa t30649 l49383 ls53">Iberia </span><span class="pp-class-382 pa t30649 l59921 ls1101">disclosed </span><span class="pp-class-382 pa t30649 l59922 ls1323">in </span><span class="pp-class-382 pa t30649 l59923 ls1073">the </span><span class="pp-class-382 pa t30649 l1369 ls3477">table </span><span class="pp-class-382 pa t30649 l59924 ls4305">below </span><span class="pp-class-382 pa t30649 l59925 ls1073">has </span><span class="pp-class-382 pa t30649 l59926 ls3474">been </span><span class="pp-class-382 pa t30649 l59927 ls1701">finalised. </span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59928 l3">DKK </span><span class="pp-class-372 pa t59928 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59929 l59930">FRS </span><span class="pp-class-373 pa t59928 l59931">Iberia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59928 l59932 ls6007">Ekol*</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59928 l59933">Other</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59928 l37196 ls3158">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59934 l3 ls171">Non-current </span><span class="pp-class-372 pa t59934 l34315 ls842">intangible </span><span class="pp-class-372 pa t59934 l48619 ls72">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59934 l59935">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59934 l59936">13</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59934 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59934 l48777">13</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59938 l3">Land </span><span class="pp-class-372 pa t59938 l42636">and </span><span class="pp-class-372 pa t59938 l42637">buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59938 l59939 ls124">18</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59938 l59940">202</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59938 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59938 l59941">220</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59942 l3">Ships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59942 l59943">631</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59942 l59944">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59942 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59942 l59945">631</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59946 l3 ls2854">Terminals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59946 l59947">15</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59946 l59948 ls302">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59946 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59946 l46703">25</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59949 l3 ls45">Equipment </span><span class="pp-class-372 pa t59949 l47216 ls931">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59949 l59950">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59949 l59951 ls1955">597</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59949 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59949 l59952">601</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59953 l3 ls81">Inventories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59953 l59954 ls302">10</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59953 l59955">15</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59953 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59953 l46703">25</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59956 l3 ls14077">Trade </span><span class="pp-class-372 pa t59956 l42817 ls16">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59956 l59957">85</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59956 l59958">566</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59956 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59956 l59959">651</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59960 l3">Other </span><span class="pp-class-372 pa t59960 l8525 ls16">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59960 l59961 ls274">37</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59960 l59962">215</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59960 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59960 l59963">252</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59964 l3">Cash </span><span class="pp-class-372 pa t59964 l3014 ls2835">at </span><span class="pp-class-372 pa t59964 l59965">hand </span><span class="pp-class-372 pa t59964 l59966">and </span><span class="pp-class-372 pa t59964 l53812">in </span><span class="pp-class-372 pa t59964 l59967">bank</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59964 l59968">421</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59964 l59969 ls1080">241</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59964 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59964 l59970">662</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59971 l3 ls180">Deferred </span><span class="pp-class-372 pa t59971 l42688 ls45">tax </span><span class="pp-class-372 pa t59971 l29380">liability</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59971 l59972">-38</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59971 l59973">-4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59971 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59971 l54958">-42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59974 l3 ls884">Interest </span><span class="pp-class-372 pa t59974 l14027">bearing </span><span class="pp-class-372 pa t59974 l59975 ls150">debt</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59974 l59976 ls302">-240</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59974 l59977">-809</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59974 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59974 l59978 ls858">-1,049</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59979 l3 ls14077">Trade </span><span class="pp-class-372 pa t59979 l42817 ls198">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59979 l59980">-121</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59979 l37928">-805</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59979 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59979 l59981">-926</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59982 l3">Other </span><span class="pp-class-372 pa t59982 l8525 ls1326">current </span><span class="pp-class-372 pa t59982 l39567">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59982 l59983">-61</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59982 l59984">-325</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59982 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59982 l59985">-386</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59986 l3 ls813">Net </span><span class="pp-class-373 pa t59986 l43299 ls907">assets </span><span class="pp-class-373 pa t59986 l59987 ls854">acquired</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59986 l59988 ls1271">762</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59986 l59989">-83</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59986 l59990">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59986 l59991 ls1955">679</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59992 l3">Goodwill </span><span class="pp-class-372 pa t59992 l1384 ls2835">at </span><span class="pp-class-372 pa t59992 l44605 ls970">acquisition</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59992 l59993 ls3362">757</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59992 l59994 ls731">1,761</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59992 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t59992 l46259 ls1859">2,518</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59995 l3 ls2459">Total </span><span class="pp-class-373 pa t59995 l29712 ls1264">purchase </span><span class="pp-class-373 pa t59995 l59996">price</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59995 l59997 ls1733">1,519</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59995 l59998 ls852">1,678</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59995 l59990">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t59995 l59999 ls978">3,198</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60000 l3">Cash </span><span class="pp-class-372 pa t60000 l3014">and </span><span class="pp-class-372 pa t60000 l18346">bank </span><span class="pp-class-372 pa t60000 l60001">balances </span><span class="pp-class-372 pa t60000 l60002 ls124">acquired</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60000 l60003">-421</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60000 l60004 ls302">-241</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60000 l59937">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60000 l60005">-662</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60006 l3 ls128">Fair </span><span class="pp-class-372 pa t60006 l53975 ls16">value </span><span class="pp-class-372 pa t60006 l53976 ls287">of </span><span class="pp-class-372 pa t60006 l53977">the </span><span class="pp-class-372 pa t60006 l60007 ls1259">purchase </span><span class="pp-class-372 pa t60006 l60008">price</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t60006 l60009 ls99">1,098</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t60006 l60010 ls81">1,438</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t60006 l59990">0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t60006 l60011 ls1733">2,535</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60012 l3 ls171">Paid </span><span class="pp-class-372 pa t60012 l60013 ls982">contingent </span><span class="pp-class-372 pa t60012 l60014 ls947">consideration </span><span class="pp-class-372 pa t60012 l60015 ls931">regarding </span><span class="pp-class-372 pa t60016 l3">prior </span><span class="pp-class-372 pa t60016 l14026 ls78">years </span><span class="pp-class-372 pa t60016 l59057 ls37">acquisitions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60016 l60017">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60016 l60018">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60016 l60019">38</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60016 l48863">38</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t60020 l3">Cash </span><span class="pp-class-373 pa t60020 l3012 ls68">flow </span><span class="pp-class-373 pa t60020 l60021 ls944">impact </span><span class="pp-class-373 pa t60020 l9287 ls241">from </span><span class="pp-class-373 pa t60020 l60022 ls37">acquisitions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t60020 l60009 ls99">1,098</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t60020 l60010 ls81">1,438</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t60020 l60023">38</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t60020 l45488 ls37002">2,574</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-390 pa t60024 l3">* </span><span class="pp-class-390 pa t60024 l60025 ls72">Preliminary </span><span class="pp-class-390 pa t60024 l15215 ls1005">fair </span><span class="pp-class-390 pa t60024 l60026 ls944">value </span><span class="pp-class-390 pa t60024 l60027 ls2835">at </span><span class="pp-class-390 pa t60024 l60028 ls37">acquisition </span><span class="pp-class-390 pa t60024 l60029 ls1005">date.</span></p></div></div><div id="pp-id-5280" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h60030 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls14429">5.5 </span><span class="pp-class-370 pa t21055 l43638 ls997">Acquisitions </span><span class="pp-class-370 pa t21055 l59448">and </span><span class="pp-class-370 pa t21055 l59449 ls166">non-controlling </span><span class="pp-class-370 pa t21055 l59450 ls78">interests</span><span class="pp-class-371 pa t21055 l60031"/><span class="pp-class-371 pa t21055 l60032 ls155">(continued)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45774 l3 ls858">2023</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45789 l3 ls858">The </span><span class="pp-class-382 pa t45789 l16631 ls8853">purchase </span><span class="pp-class-382 pa t45789 l60033 ls1759">price </span><span class="pp-class-382 pa t45789 l54670 ls688">allocations </span><span class="pp-class-382 pa t45789 l60034 ls3278">for </span><span class="pp-class-382 pa t45789 l60035 ls2088">McBurney </span><span class="pp-class-382 pa t45789 l60036 ls3539">Transport </span><span class="pp-class-382 pa t45789 l60037 ls2149">Group, </span><span class="pp-class-382 pa t45789 l60038 ls1083">Estron </span><span class="pp-class-382 pa t45789 l60039 ls2149">Group, </span><span class="pp-class-382 pa t45789 l60040 ls800">D.R. </span><span class="pp-class-382 pa t45789 l60041 ls1772">MacLeod, </span><span class="pp-class-382 pa t45789 l60042 ls858">and </span><span class="pp-class-382 pa t45789 l60043 ls2889">Lundby </span><span class="pp-class-382 pa t45789 l60044 ls2489">Åkeri </span><span class="pp-class-382 pa t45805 l3 ls1080">AB </span><span class="pp-class-382 pa t45805 l60045 ls800">are </span><span class="pp-class-382 pa t45805 l50307 ls1073">unchanged </span><span class="pp-class-382 pa t45805 l60046 ls8853">compared </span><span class="pp-class-382 pa t45805 l60047 ls1759">to </span><span class="pp-class-382 pa t45805 l24137 ls2694">December </span><span class="pp-class-382 pa t45805 l60048 ls1323">2023 </span><span class="pp-class-382 pa t45805 l60049 ls1099">and </span><span class="pp-class-382 pa t45805 l60050 ls800">are </span><span class="pp-class-382 pa t45805 l60051 ls2970">considered </span><span class="pp-class-382 pa t45805 l60052 ls2486">final. </span><span class="pp-class-382 pa t45805 l60053 ls1772">For </span><span class="pp-class-382 pa t45805 l60054 ls1110">further </span><span class="pp-class-382 pa t45805 l60055 ls3278">details </span><span class="pp-class-382 pa t45805 l60056 ls103">of </span><span class="pp-class-382 pa t45805 l60057 ls1080">these </span><span class="pp-class-382 pa t45963 l3 ls1772">acquisitions, </span><span class="pp-class-382 pa t45963 l48207 ls3435">refer </span><span class="pp-class-382 pa t45963 l60058 ls1759">to </span><span class="pp-class-382 pa t45963 l1988 ls1099">the </span><span class="pp-class-382 pa t45963 l60059 ls2486">annual </span><span class="pp-class-382 pa t45963 l60060 ls2842">report </span><span class="pp-class-382 pa t45963 l60061 ls650">2023.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-383 pa t45975 l3 ls2889">Acquisition </span><span class="pp-class-383 pa t45975 l60062 ls1080">of </span><span class="pp-class-383 pa t45975 l50479 ls4275">non-controlling </span><span class="pp-class-383 pa t45975 l60063 ls3474">interests </span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45987 l3 ls53" xmlns="http://www.w3.org/1999/xhtml">Acquisition </span><span class="pp-class-382 pa t45987 l36873 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t45987 l60064 ls1083" xmlns="http://www.w3.org/1999/xhtml">shares </span><span class="pp-class-382 pa t45987 l29353 ls2784" xmlns="http://www.w3.org/1999/xhtml">by </span><span class="pp-class-382 pa t45987 l43974 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t45987 l53842 ls1868" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-382 pa t45987 l40808 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t45987 l60065 ls1080" xmlns="http://www.w3.org/1999/xhtml">AB </span><span class="pp-class-382 pa t45987 l60066 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t45987 l60067 ls1057" xmlns="http://www.w3.org/1999/xhtml">Seaways </span><span class="pp-class-382 pa t45987 l60068 ls2486" xmlns="http://www.w3.org/1999/xhtml">during </span><span class="pp-class-382 pa t45987 l60069 ls1150" xmlns="http://www.w3.org/1999/xhtml">2024 </span><span class="pp-class-382 pa t45987 l59299 ls1118" xmlns="http://www.w3.org/1999/xhtml">amounts </span><span class="pp-class-382 pa t45987 l60070 ls1759" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-382 pa t45987 l60071 ls1099" xmlns="http://www.w3.org/1999/xhtml">DKK </span><span class="pp-class-382 pa t45987 l60072 ls1080" xmlns="http://www.w3.org/1999/xhtml">7m </span><span class="pp-class-382 pa t45987 l60073 ls2486" xmlns="http://www.w3.org/1999/xhtml">(2023: </span><span class="pp-class-382 pa t45987 l60074 ls1099" xmlns="http://www.w3.org/1999/xhtml">DKK </span><span class="pp-class-382 pa t45987 l60075 ls1955" xmlns="http://www.w3.org/1999/xhtml">8m), </span><span class="pp-class-382 pa t45999 l3 ls728" xmlns="http://www.w3.org/1999/xhtml">equivalent </span><span class="pp-class-382 pa t45999 l60076 ls1759" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-382 pa t45999 l23018 ls1080" xmlns="http://www.w3.org/1999/xhtml">an </span><span class="pp-class-382 pa t45999 l60077 ls1101" xmlns="http://www.w3.org/1999/xhtml">ownership </span><span class="pp-class-382 pa t45999 l60078 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t45999 l60079 ls3387" xmlns="http://www.w3.org/1999/xhtml">0.43% </span><span class="pp-class-382 pa t45999 l60080 ls2486" xmlns="http://www.w3.org/1999/xhtml">(2023: </span><span class="pp-class-382 pa t45999 l60081 ls9996" xmlns="http://www.w3.org/1999/xhtml">1.74%) </span><span class="pp-class-382 pa t45999 l60082 ls2842" xmlns="http://www.w3.org/1999/xhtml">after </span><span class="pp-class-382 pa t45999 l60083 ls1759" xmlns="http://www.w3.org/1999/xhtml">which </span><span class="pp-class-382 pa t45999 l60084 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t45999 l60085 ls2489" xmlns="http://www.w3.org/1999/xhtml">company </span><span class="pp-class-382 pa t45999 l60086 ls1080" xmlns="http://www.w3.org/1999/xhtml">is </span><span class="pp-class-382 pa t45999 l60087 ls2142" xmlns="http://www.w3.org/1999/xhtml">owned </span><span class="pp-class-382 pa t45999 l60088 ls2147" xmlns="http://www.w3.org/1999/xhtml">99.27% </span><span class="pp-class-382 pa t45999 l60089 ls2486" xmlns="http://www.w3.org/1999/xhtml">(2023: </span><span class="pp-class-382 pa t45999 l56638 ls1945" xmlns="http://www.w3.org/1999/xhtml">98.84%). </span><span class="pp-class-382 pa t46012 l3 ls1772" xmlns="http://www.w3.org/1999/xhtml">Badwill </span><span class="pp-class-382 pa t46012 l60090 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t46012 l60091 ls858" xmlns="http://www.w3.org/1999/xhtml">DKK </span><span class="pp-class-382 pa t46012 l27076 ls858" xmlns="http://www.w3.org/1999/xhtml">13m </span><span class="pp-class-382 pa t46012 l60092 ls2486" xmlns="http://www.w3.org/1999/xhtml">(2023: </span><span class="pp-class-382 pa t46012 l60093 ls1772" xmlns="http://www.w3.org/1999/xhtml">Badwill </span><span class="pp-class-382 pa t46012 l60094 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t46012 l60095 ls858" xmlns="http://www.w3.org/1999/xhtml">DKK </span><span class="pp-class-382 pa t46012 l60096 ls14019" xmlns="http://www.w3.org/1999/xhtml">17m) </span><span class="pp-class-382 pa t46012 l60097 ls1080" xmlns="http://www.w3.org/1999/xhtml">is </span><span class="pp-class-382 pa t46012 l60098 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t46012 l60099 ls2143" xmlns="http://www.w3.org/1999/xhtml">directly </span><span class="pp-class-382 pa t46012 l60100 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t46012 l60101 ls2147" xmlns="http://www.w3.org/1999/xhtml">equity.</span></p><div id="pp-id-5279"><div class="pp-class-364 pp-class-395" id="pp-id-5278"><div class="w37231 h60102 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-387 pa t48448 l3">!</span><span class="pp-class-386 pa t48449 l49487"/><span class="pp-class-386 pa t48449 l49488 ls878" xmlns="http://www.w3.org/1999/xhtml">Significant </span><span class="pp-class-386 pa t48449 l49489 ls193" xmlns="http://www.w3.org/1999/xhtml">accounting </span><span class="pp-class-386 pa t48449 l49490 ls854" xmlns="http://www.w3.org/1999/xhtml">estimates</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60103 l3 ls1080">In </span><span class="pp-class-382 pa t60103 l43891 ls2944">applying </span><span class="pp-class-382 pa t60103 l60104 ls858">the </span><span class="pp-class-382 pa t60103 l60105 ls1772">acquisition </span><span class="pp-class-382 pa t60103 l34344 ls238">method </span><span class="pp-class-382 pa t60103 l60106 ls103">of </span><span class="pp-class-382 pa t60103 l60107 ls3278">accounting, </span><span class="pp-class-382 pa t60103 l60108 ls3105">estimates </span><span class="pp-class-382 pa t60103 l60109 ls800">are </span><span class="pp-class-382 pa t60103 l60110 ls1080">an </span><span class="pp-class-382 pa t60103 l60111 ls7094">integrated </span><span class="pp-class-382 pa t60103 l60112 ls658">part </span><span class="pp-class-382 pa t60103 l53757 ls103">of </span><span class="pp-class-382 pa t60103 l60113 ls1073">assessing </span><span class="pp-class-382 pa t60103 l60114 ls866">fair </span><span class="pp-class-382 pa t60115 l3 ls1150">values </span><span class="pp-class-382 pa t60115 l29585 ls103">of </span><span class="pp-class-382 pa t60115 l29586 ls2143">several </span><span class="pp-class-382 pa t60115 l60116 ls296">identifiable </span><span class="pp-class-382 pa t60115 l60117 ls238">assets </span><span class="pp-class-382 pa t60115 l60118 ls1316">acquired </span><span class="pp-class-382 pa t60115 l60119 ls1099">and </span><span class="pp-class-382 pa t60115 l60120 ls1118">liabilities </span><span class="pp-class-382 pa t60115 l60121 ls2694">assumed, </span><span class="pp-class-382 pa t60115 l60122 ls1080">as </span><span class="pp-class-382 pa t60115 l60123 ls3474">observable </span><span class="pp-class-382 pa t60115 l60124 ls3623">market </span><span class="pp-class-382 pa t60115 l60125 ls1110">prices </span><span class="pp-class-382 pa t60126 l3 ls800">are </span><span class="pp-class-382 pa t60126 l43707 ls1974">typically </span><span class="pp-class-382 pa t60126 l60127 ls830">not </span><span class="pp-class-382 pa t60126 l60128 ls3377">available.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60129 l3 ls7858">Valuation </span><span class="pp-class-382 pa t60129 l60130 ls238">techniques </span><span class="pp-class-382 pa t60129 l60131 ls2784">where </span><span class="pp-class-382 pa t60129 l60132 ls3105">estimates </span><span class="pp-class-382 pa t60129 l60133 ls800">are </span><span class="pp-class-382 pa t60129 l60134 ls1237">applied </span><span class="pp-class-382 pa t60129 l60135 ls1974">typically </span><span class="pp-class-382 pa t60129 l60136 ls1864">relate </span><span class="pp-class-382 pa t60129 l60137 ls1759">to </span><span class="pp-class-382 pa t60129 l60138 ls2489">determining </span><span class="pp-class-382 pa t60129 l25185 ls858">the </span><span class="pp-class-382 pa t60129 l60139 ls852">present </span><span class="pp-class-382 pa t60129 l60140 ls1083">value </span><span class="pp-class-382 pa t60129 l60141 ls134">of </span><span class="pp-class-382 pa t60142 l3 ls1083">future </span><span class="pp-class-382 pa t60142 l34026 ls866">uncertain </span><span class="pp-class-382 pa t60142 l60143 ls1323">cash </span><span class="pp-class-382 pa t60142 l157 ls2784">flows </span><span class="pp-class-382 pa t60142 l44520 ls1080">or </span><span class="pp-class-382 pa t60142 l55871 ls1073">assessing </span><span class="pp-class-382 pa t60142 l60144 ls296">other </span><span class="pp-class-382 pa t60142 l60145 ls7094">events </span><span class="pp-class-382 pa t60142 l60146 ls1080">in </span><span class="pp-class-382 pa t60142 l49859 ls1759">which </span><span class="pp-class-382 pa t60142 l60147 ls858">the </span><span class="pp-class-382 pa t60142 l60148 ls806">outcome </span><span class="pp-class-382 pa t60142 l60149 ls1080">is </span><span class="pp-class-382 pa t60142 l60150 ls866">uncertain </span><span class="pp-class-382 pa t60142 l60151 ls1083">at </span><span class="pp-class-382 pa t60142 l60152 ls858">the </span><span class="pp-class-382 pa t60142 l60153 ls852">date </span><span class="pp-class-382 pa t60142 l60154 ls134">of </span><span class="pp-class-382 pa t60155 l3 ls1772">acquisition. </span><span class="pp-class-382 pa t60155 l44472 ls806">Significant </span><span class="pp-class-382 pa t60155 l60156 ls3105">estimates </span><span class="pp-class-382 pa t60155 l60157 ls800">are </span><span class="pp-class-382 pa t60155 l60158 ls1974">typically </span><span class="pp-class-382 pa t60155 l60159 ls1237">applied </span><span class="pp-class-382 pa t60155 l60160 ls1080">in </span><span class="pp-class-382 pa t60155 l60161 ls53">accounting </span><span class="pp-class-382 pa t60155 l60162 ls3278">for </span><span class="pp-class-382 pa t60155 l20732 ls1742">property, </span><span class="pp-class-382 pa t60155 l60163 ls1305">plant </span><span class="pp-class-382 pa t60155 l60164 ls302">and </span><span class="pp-class-382 pa t60165 l3 ls1319">equipment </span><span class="pp-class-382 pa t60165 l34347 ls858">and </span><span class="pp-class-382 pa t60165 l60166 ls296">customer </span><span class="pp-class-382 pa t60165 l60167 ls1868">relationships. </span><span class="pp-class-382 pa t60165 l38345 ls1080">As </span><span class="pp-class-382 pa t60165 l60168 ls302">a </span><span class="pp-class-382 pa t60165 l58630 ls800">result </span><span class="pp-class-382 pa t60165 l60169 ls103">of </span><span class="pp-class-382 pa t60165 l60170 ls858">the </span><span class="pp-class-382 pa t60165 l55237 ls2694">uncertainties </span><span class="pp-class-382 pa t60165 l60171 ls1080">in </span><span class="pp-class-382 pa t60165 l55489 ls3278">fair </span><span class="pp-class-382 pa t60165 l60172 ls1083">value </span><span class="pp-class-382 pa t60165 l60173 ls4275">estimation, </span><span class="pp-class-382 pa t60174 l3 ls960">measurement </span><span class="pp-class-382 pa t60174 l12936 ls2486">period </span><span class="pp-class-382 pa t60174 l60175 ls3278">adjustments </span><span class="pp-class-382 pa t60174 l47493 ls2944">may </span><span class="pp-class-382 pa t60174 l25622 ls1080">be </span><span class="pp-class-382 pa t60174 l60176 ls1237">applied.</span></p></div></div></div></div></div><div class="pp-class-10" id="pp-id-5283" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h60177 pa t2 l3 wtro4 xx60178 tro6 xx60179"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t328 l60180"/></p><div id="pp-id-5282"><div class="pp-class-363 pp-class-395" id="pp-id-5281"><div class="w37231 h60181 pa t2 l3 wtro4 xx29789 tro6 xx29790"><p class="pp-class-365 pp-area-text"><span class="pp-class-386 pa t640 l3">§ </span><span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60182 l3 ls21295 wtro3159 wtr9936 tro3160 tr9937">Enterprises </span><span class="pp-class-382 pa t60182 l2533 ls3006 wtro3159 wtr9936 tro3160 tr9937">acquired </span><span class="pp-class-382 pa t60182 l60183 ls2459 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t60182 l60184 ls1952 wtro3159 wtr9936 tro3160 tr9937">formed </span><span class="pp-class-382 pa t60182 l60185 ls1734 wtro3159 wtr9936 tro3160 tr9937">during </span><span class="pp-class-382 pa t60182 l7908 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60182 l60186 ls1736 wtro3159 wtr9936 tro3160 tr9937">year </span><span class="pp-class-382 pa t60182 l60187 ls20054 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t60182 l60188 ls7996 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t60182 l60189 ls2459 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t60182 l60190 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60182 l60191 ls18761 wtro3159 wtr9936 tro3160 tr9937">consolidated </span><span class="pp-class-382 pa t60182 l60192 ls9272 wtro3159 wtr9936 tro3160 tr9937">financial </span><span class="pp-class-382 pa t60182 l60193 ls37002 wtro3159 wtr9936 tro3160 tr9937">statements </span><span class="pp-class-382 pa t60182 l60194 ls712 wtro3159 wtr9936 tro3160 tr9937">from </span><span class="pp-class-382 pa t60195 l3 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60195 l60196 ls15037 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t60195 l60197 ls7858 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t60195 l60198 ls4765 wtro3159 wtr9936 tro3160 tr9937">acquisition </span><span class="pp-class-382 pa t60195 l18370 ls2459 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t60195 l60199 ls17063 wtro3159 wtr9936 tro3160 tr9937">formation. </span><span class="pp-class-382 pa t60195 l60200 ls21295 wtro3159 wtr9936 tro3160 tr9937">Enterprises </span><span class="pp-class-382 pa t60195 l60201 ls16981 wtro3159 wtr9936 tro3160 tr9937">disposed </span><span class="pp-class-382 pa t60195 l21004 ls20054 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t60195 l60202 ls7996 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t60195 l60203 ls2459 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t60195 l60204 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60195 l60205 ls18761 wtro3159 wtr9936 tro3160 tr9937">consolidated </span><span class="pp-class-382 pa t60195 l60206 ls9272 wtro3159 wtr9936 tro3160 tr9937">financial </span><span class="pp-class-382 pa t60195 l60207 ls9272 wtro3159 wtr9936 tro3160 tr9937">state-</span><span class="pp-class-382 pa t60208 l3 ls1734 wtro3159 wtr9936 tro3160 tr9937">ments </span><span class="pp-class-382 pa t60208 l60209 ls1734 wtro3159 wtr9936 tro3160 tr9937">until </span><span class="pp-class-382 pa t60208 l60210 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60208 l60211 ls15037 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t60208 l60212 ls7858 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t60208 l60213 ls9272 wtro3159 wtr9936 tro3160 tr9937">disposal. </span><span class="pp-class-382 pa t60208 l48358 ls1057 wtro3159 wtr9936 tro3160 tr9937">The </span><span class="pp-class-382 pa t60208 l60214 ls60215 wtro3159 wtr9936 tro3160 tr9937">comparative </span><span class="pp-class-382 pa t60208 l60216 ls3162 wtro3159 wtr9936 tro3160 tr9937">figures </span><span class="pp-class-382 pa t60208 l40281 ls20054 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t60208 l60217 ls712 wtro3159 wtr9936 tro3160 tr9937">not </span><span class="pp-class-382 pa t60208 l60218 ls721 wtro3159 wtr9936 tro3160 tr9937">adjusted </span><span class="pp-class-382 pa t60208 l60219 ls2805 wtro3159 wtr9936 tro3160 tr9937">for </span><span class="pp-class-382 pa t60208 l60220 ls1736 wtro3159 wtr9936 tro3160 tr9937">acquisitions </span><span class="pp-class-382 pa t60208 l60221 ls2459 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t60208 l60222 ls9272 wtro3159 wtr9936 tro3160 tr9937">disposals.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60223 l3 ls2694 wtro3159 wtr1724 tro3160 tr1725">Business </span><span class="pp-class-382 pa t60223 l60224 ls2113 wtro3159 wtr1724 tro3160 tr1725">combinations </span><span class="pp-class-382 pa t60223 l28661 ls2784 wtro3159 wtr1724 tro3160 tr1725">where </span><span class="pp-class-382 pa t60223 l60225 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60223 l60226 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60223 l60227 ls3278 wtro3159 wtr1724 tro3160 tr1725">obtained </span><span class="pp-class-382 pa t60223 l49828 ls2784 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t60223 l60228 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60223 l60229 ls2784 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-382 pa t60223 l60230 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60223 l60231 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60223 l60232 ls1759 wtro3159 wtr1724 tro3160 tr1725">using </span><span class="pp-class-382 pa t60223 l60233 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60223 l60234 ls1118 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60235 l3 ls3474 wtro3159 wtr1724 tro3160 tr1725">method. </span><span class="pp-class-382 pa t60235 l60236 ls858 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60235 l60237 ls296 wtro3159 wtr1724 tro3160 tr1725">identifiable </span><span class="pp-class-382 pa t60235 l60238 ls3474 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t60235 l60239 ls830 wtro3159 wtr1724 tro3160 tr1725">liabilities, </span><span class="pp-class-382 pa t60235 l60240 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60235 l60241 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60235 l60242 ls1118 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60235 l60243 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60235 l60244 ls15062 wtro3159 wtr1724 tro3160 tr1725">newly </span><span class="pp-class-382 pa t60235 l60245 ls1316 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60235 l60246 ls1701 wtro3159 wtr1724 tro3160 tr1725">enterprises </span><span class="pp-class-382 pa t60235 l60247 ls2970 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60248 l3 ls2694 wtro3159 wtr1724 tro3160 tr1725">assessed </span><span class="pp-class-382 pa t60248 l60249 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60248 l60250 ls1759 wtro3159 wtr1724 tro3160 tr1725">their </span><span class="pp-class-382 pa t60248 l60251 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60248 l60252 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60248 l60253 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60248 l19941 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60248 l60254 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60248 l60255 ls2688 wtro3159 wtr1724 tro3160 tr1725">date. </span><span class="pp-class-382 pa t60248 l60256 ls296 wtro3159 wtr1724 tro3160 tr1725">Identifiable </span><span class="pp-class-382 pa t60248 l60257 ls1701 wtro3159 wtr1724 tro3160 tr1725">intangible </span><span class="pp-class-382 pa t60248 l60258 ls238 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60248 l60259 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60248 l60260 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60248 l60261 ls1080 wtro3159 wtr1724 tro3160 tr1725">if </span><span class="pp-class-382 pa t60248 l10620 ls3474 wtro3159 wtr1724 tro3160 tr1725">they </span><span class="pp-class-382 pa t60262 l3 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60262 l60263 ls960 wtro3159 wtr1724 tro3160 tr1725">separable </span><span class="pp-class-382 pa t60262 l60264 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60262 l60265 ls1759 wtro3159 wtr1724 tro3160 tr1725">arise </span><span class="pp-class-382 pa t60262 l60266 ls1243 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t60262 l60267 ls302 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t60262 l60268 ls4305 wtro3159 wtr1724 tro3160 tr1725">contractual </span><span class="pp-class-382 pa t60262 l22438 ls1323 wtro3159 wtr1724 tro3160 tr1725">right. </span><span class="pp-class-382 pa t60262 l60269 ls828 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t60262 l60270 ls1237 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t60262 l60271 ls3458 wtro3159 wtr1724 tro3160 tr1725">related </span><span class="pp-class-382 pa t60262 l60272 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60262 l60273 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60262 l60274 ls185 wtro3159 wtr1724 tro3160 tr1725">revaluations </span><span class="pp-class-382 pa t60262 l60275 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60262 l60276 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60277 l3 ls3105 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60277 l60278 ls2401 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60277 l60279 ls1535 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60277 l60280 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60277 l60281 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60277 l60282 ls1535 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60277 l60283 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60277 l60284 ls3623 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60277 l60285 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60277 l13536 ls6791 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-382 pa t60277 l60286 ls2401 wtro3159 wtr1724 tro3160 tr1725">obtains </span><span class="pp-class-382 pa t60277 l60287 ls2459 wtro3159 wtr1724 tro3160 tr1725">actual </span><span class="pp-class-382 pa t60277 l60288 ls2848 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60277 l60289 ls719 wtro3159 wtr1724 tro3160 tr1725">over </span><span class="pp-class-382 pa t60277 l33632 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60277 l60290 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60277 l60291 ls4279 wtro3159 wtr1724 tro3160 tr1725">enterprise. </span><span class="pp-class-382 pa t60292 l3 ls3230 wtro3159 wtr1724 tro3160 tr1725">Positive </span><span class="pp-class-382 pa t60292 l60293 ls6791 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t60292 l60294 ls3382 wtro3159 wtr1724 tro3160 tr1725">(goodwill) </span><span class="pp-class-382 pa t60292 l60295 ls2132 wtro3159 wtr1724 tro3160 tr1725">between, </span><span class="pp-class-382 pa t60292 l60296 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60292 l60297 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60292 l60298 ls3105 wtro3159 wtr1724 tro3160 tr1725">one </span><span class="pp-class-382 pa t60292 l54732 ls3623 wtro3159 wtr1724 tro3160 tr1725">hand, </span><span class="pp-class-382 pa t60292 l60299 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60292 l60300 ls4652 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60292 l60301 ls7094 wtro3159 wtr1724 tro3160 tr1725">price, </span><span class="pp-class-382 pa t60292 l60302 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60292 l60303 ls2143 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60292 l60304 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60292 l60305 ls2760 wtro3159 wtr1724 tro3160 tr1725">minority </span><span class="pp-class-382 pa t60292 l60306 ls11799 wtro3159 wtr1724 tro3160 tr1725">inter-</span><span class="pp-class-382 pa t60307 l3 ls1150 wtro3159 wtr1724 tro3160 tr1725">ests </span><span class="pp-class-382 pa t60307 l60308 ls1772 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60307 l60309 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60307 l60310 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60307 l16203 ls864 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60307 l60311 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60307 l60312 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60307 l60313 ls2145 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60307 l60314 ls2143 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60307 l50623 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60307 l60315 ls800 wtro3159 wtr1724 tro3160 tr1725">any </span><span class="pp-class-382 pa t60307 l60316 ls4343 wtro3159 wtr1724 tro3160 tr1725">previously </span><span class="pp-class-382 pa t60307 l60317 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60307 l60318 ls185 wtro3159 wtr1724 tro3160 tr1725">shareholdings, </span><span class="pp-class-382 pa t60307 l60319 ls1150 wtro3159 wtr1724 tro3160 tr1725">and, </span><span class="pp-class-382 pa t60307 l44514 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60307 l60320 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60321 l3 ls2531 wtro3159 wtr1724 tro3160 tr1725">other </span><span class="pp-class-382 pa t60321 l60322 ls3623 wtro3159 wtr1724 tro3160 tr1725">hand, </span><span class="pp-class-382 pa t60321 l60323 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60321 l60324 ls2145 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60321 l60325 ls2143 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60321 l60326 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60321 l60327 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60321 l60328 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60321 l9919 ls11245 wtro3159 wtr1724 tro3160 tr1725">identifiable </span><span class="pp-class-382 pa t60321 l60329 ls800 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t60321 l20840 ls3377 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60321 l60330 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60321 l60331 ls7094 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60321 l60332 ls3377 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60321 l60333 ls3184 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60321 l60334 ls1243 wtro3159 wtr1724 tro3160 tr1725">rec-</span><span class="pp-class-382 pa t60335 l3 ls1194 wtro3159 wtr1724 tro3160 tr1725">ognised </span><span class="pp-class-382 pa t60335 l60336 ls1772 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60335 l60337 ls2760 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t60335 l60338 ls1974 wtro3159 wtr1724 tro3160 tr1725">under </span><span class="pp-class-382 pa t60335 l60339 ls3630 wtro3159 wtr1724 tro3160 tr1725">non-current </span><span class="pp-class-382 pa t60335 l60340 ls864 wtro3159 wtr1724 tro3160 tr1725">intangible </span><span class="pp-class-382 pa t60335 l16948 ls800 wtro3159 wtr1724 tro3160 tr1725">assets. </span><span class="pp-class-382 pa t60335 l41760 ls2760 wtro3159 wtr1724 tro3160 tr1725">Goodwill </span><span class="pp-class-382 pa t60335 l60341 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60335 l60342 ls4305 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t60335 l60343 ls1868 wtro3159 wtr1724 tro3160 tr1725">amortised </span><span class="pp-class-382 pa t60335 l60344 ls3105 wtro3159 wtr1724 tro3160 tr1725">but </span><span class="pp-class-382 pa t60335 l60345 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60335 l60346 ls646 wtro3159 wtr1724 tro3160 tr1725">tested </span><span class="pp-class-382 pa t60335 l60347 ls1945 wtro3159 wtr1724 tro3160 tr1725">annually </span><span class="pp-class-382 pa t60348 l3 ls800 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t60348 l60349 ls1463 wtro3159 wtr1724 tro3160 tr1725">impairment. </span><span class="pp-class-382 pa t60348 l60350 ls3105 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60348 l60351 ls1974 wtro3159 wtr1724 tro3160 tr1725">first </span><span class="pp-class-382 pa t60348 l60352 ls4279 wtro3159 wtr1724 tro3160 tr1725">impairment </span><span class="pp-class-382 pa t60348 l60353 ls4305 wtro3159 wtr1724 tro3160 tr1725">test </span><span class="pp-class-382 pa t60348 l60354 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60348 l60355 ls2401 wtro3159 wtr1724 tro3160 tr1725">performed </span><span class="pp-class-382 pa t60348 l60356 ls2147 wtro3159 wtr1724 tro3160 tr1725">before </span><span class="pp-class-382 pa t60348 l60357 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60348 l60358 ls3105 wtro3159 wtr1724 tro3160 tr1725">end </span><span class="pp-class-382 pa t60348 l60359 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60348 l60360 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60348 l60361 ls2401 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60348 l60362 ls25707 wtro3159 wtr1724 tro3160 tr1725">year. </span><span class="pp-class-382 pa t60348 l60363 ls1150 wtro3159 wtr1724 tro3160 tr1725">Upon </span><span class="pp-class-382 pa t60348 l60364 ls7094 wtro3159 wtr1724 tro3160 tr1725">acqui-</span><span class="pp-class-382 pa t60365 l3 ls1194 wtro3159 wtr1724 tro3160 tr1725">sition, </span><span class="pp-class-382 pa t60365 l60366 ls2760 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t60365 l60367 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60365 l60368 ls7858 wtro3159 wtr1724 tro3160 tr1725">allocated </span><span class="pp-class-382 pa t60365 l60369 ls2854 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60365 l39692 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60365 l34886 ls2851 wtro3159 wtr1724 tro3160 tr1725">cash-generating </span><span class="pp-class-382 pa t60365 l60370 ls2787 wtro3159 wtr1724 tro3160 tr1725">units, </span><span class="pp-class-382 pa t60365 l60371 ls1974 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60365 l60372 ls2848 wtro3159 wtr1724 tro3160 tr1725">subsequently </span><span class="pp-class-382 pa t60365 l60373 ls2145 wtro3159 wtr1724 tro3160 tr1725">form </span><span class="pp-class-382 pa t60365 l60374 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60365 l60375 ls1974 wtro3159 wtr1724 tro3160 tr1725">basis </span><span class="pp-class-382 pa t60365 l60376 ls800 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t60365 l60377 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60365 l60378 ls1772 wtro3159 wtr1724 tro3160 tr1725">im-</span><span class="pp-class-382 pa t60379 l3 ls2531 wtro3159 wtr1724 tro3160 tr1725">pairment </span><span class="pp-class-382 pa t60379 l60380 ls1148 wtro3159 wtr1724 tro3160 tr1725">test. </span><span class="pp-class-382 pa t60379 l60381 ls7752 wtro3159 wtr1724 tro3160 tr1725">Allocation </span><span class="pp-class-382 pa t60379 l60382 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60379 l60383 ls2760 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t60379 l60384 ls2854 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60379 l60385 ls2851 wtro3159 wtr1724 tro3160 tr1725">cash-generating </span><span class="pp-class-382 pa t60379 l60386 ls1974 wtro3159 wtr1724 tro3160 tr1725">units </span><span class="pp-class-382 pa t60379 l60387 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60379 l60388 ls2149 wtro3159 wtr1724 tro3160 tr1725">described </span><span class="pp-class-382 pa t60379 l60389 ls1772 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60379 l60390 ls7096 wtro3159 wtr1724 tro3160 tr1725">notes </span><span class="pp-class-382 pa t60379 l60391 ls2147 wtro3159 wtr1724 tro3160 tr1725">3.1.1 </span><span class="pp-class-382 pa t60379 l60392 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60379 l60393 ls3387 wtro3159 wtr1724 tro3160 tr1725">3.1.4.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60394 l3 ls124 wtro3159 wtr1724 tro3160 tr1725">Goodwill </span><span class="pp-class-382 pa t60394 l60395 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60394 l60396 ls34 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60394 l13766 ls869 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60394 l60397 ls2835 wtro3159 wtr1724 tro3160 tr1725">adjustments </span><span class="pp-class-382 pa t60394 l60398 ls278 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60394 l60399 ls246 wtro3159 wtr1724 tro3160 tr1725">connection </span><span class="pp-class-382 pa t60394 l60400 ls16 wtro3159 wtr1724 tro3160 tr1725">with </span><span class="pp-class-382 pa t60394 l60401 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60394 l60402 ls658 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60394 l60403 ls134 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60394 l60389 ls332 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t60394 l20821 ls1073 wtro3159 wtr1724 tro3160 tr1725">foreign </span><span class="pp-class-382 pa t60394 l60404 ls2482 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60394 l60405 ls16 wtro3159 wtr1724 tro3160 tr1725">with </span><span class="pp-class-382 pa t60394 l60406 ls76 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t60394 l60407 ls8853 wtro3159 wtr1724 tro3160 tr1725">dif-</span><span class="pp-class-382 pa t60408 l3 ls1772 wtro3159 wtr1724 tro3160 tr1725">ferent </span><span class="pp-class-382 pa t60408 l60409 ls246 wtro3159 wtr1724 tro3160 tr1725">functional </span><span class="pp-class-382 pa t60408 l60410 ls1319 wtro3159 wtr1724 tro3160 tr1725">currency </span><span class="pp-class-382 pa t60408 l60411 ls16 wtro3159 wtr1724 tro3160 tr1725">than </span><span class="pp-class-382 pa t60408 l60412 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60408 l60413 ls1868 wtro3159 wtr1724 tro3160 tr1725">Group’s </span><span class="pp-class-382 pa t60408 l60414 ls2486 wtro3159 wtr1724 tro3160 tr1725">presentation </span><span class="pp-class-382 pa t60408 l60415 ls1319 wtro3159 wtr1724 tro3160 tr1725">currency </span><span class="pp-class-382 pa t60408 l60416 ls3278 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60408 l60417 ls1859 wtro3159 wtr1724 tro3160 tr1725">treated </span><span class="pp-class-382 pa t60408 l60418 ls278 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60408 l60419 ls2482 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60408 l60420 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60408 l60421 ls39 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60422 l3 ls134 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60422 l48283 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60422 l60423 ls1073 wtro3159 wtr1724 tro3160 tr1725">foreign </span><span class="pp-class-382 pa t60422 l60424 ls2482 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60422 l60425 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60422 l60426 ls3278 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60422 l60427 ls2694 wtro3159 wtr1724 tro3160 tr1725">translated </span><span class="pp-class-382 pa t60422 l60428 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60422 l60429 ls1733 wtro3159 wtr1724 tro3160 tr1725">converted </span><span class="pp-class-382 pa t60422 l60430 ls1073 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60422 l60431 ls39 wtro3159 wtr1724 tro3160 tr1725">first </span><span class="pp-class-382 pa t60422 l60432 ls1298 wtro3159 wtr1724 tro3160 tr1725">recognition </span><span class="pp-class-382 pa t60422 l49561 ls302 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60422 l60433 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60422 l60434 ls246 wtro3159 wtr1724 tro3160 tr1725">functional </span><span class="pp-class-382 pa t60422 l60435 ls1237 wtro3159 wtr1724 tro3160 tr1725">currency </span><span class="pp-class-382 pa t60436 l3 ls134 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60436 l48283 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60436 l60423 ls1073 wtro3159 wtr1724 tro3160 tr1725">foreign </span><span class="pp-class-382 pa t60436 l60424 ls2482 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60436 l60425 ls1073 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60436 l60437 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60436 l60438 ls3278 wtro3159 wtr1724 tro3160 tr1725">exchange </span><span class="pp-class-382 pa t60436 l60439 ls7694 wtro3159 wtr1724 tro3160 tr1725">rate </span><span class="pp-class-382 pa t60436 l60440 ls278 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60436 l60441 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60436 l60442 ls869 wtro3159 wtr1724 tro3160 tr1725">transaction </span><span class="pp-class-382 pa t60436 l60443 ls3278 wtro3159 wtr1724 tro3160 tr1725">date.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60444 l3 ls858 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60444 l23024 ls8853 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60444 l60445 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60444 l60446 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60444 l60447 ls1080 wtro3159 wtr1724 tro3160 tr1725">an </span><span class="pp-class-382 pa t60444 l60448 ls1701 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60444 l36552 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60444 l16869 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60444 l60449 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60444 l60450 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60444 l60451 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60444 l60452 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60444 l60453 ls2531 wtro3159 wtr1724 tro3160 tr1725">agreed </span><span class="pp-class-382 pa t60444 l60454 ls8853 wtro3159 wtr1724 tro3160 tr1725">payment </span><span class="pp-class-382 pa t60444 l60455 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60444 l60456 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60444 l60457 ls3278 wtro3159 wtr1724 tro3160 tr1725">form </span><span class="pp-class-382 pa t60444 l60458 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60444 l60459 ls869 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60460 l3 ls11245 wtro3159 wtr1724 tro3160 tr1725">transferred, </span><span class="pp-class-382 pa t60460 l60461 ls1118 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60460 l60462 ls2694 wtro3159 wtr1724 tro3160 tr1725">assumed, </span><span class="pp-class-382 pa t60460 l60463 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60460 l60464 ls2486 wtro3159 wtr1724 tro3160 tr1725">equity </span><span class="pp-class-382 pa t60460 l60465 ls806 wtro3159 wtr1724 tro3160 tr1725">instruments </span><span class="pp-class-382 pa t60460 l60466 ls2486 wtro3159 wtr1724 tro3160 tr1725">issued </span><span class="pp-class-382 pa t60460 l60467 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60460 l60468 ls3190 wtro3159 wtr1724 tro3160 tr1725">seller. </span><span class="pp-class-382 pa t60460 l60469 ls1080 wtro3159 wtr1724 tro3160 tr1725">If </span><span class="pp-class-382 pa t60460 l60470 ls658 wtro3159 wtr1724 tro3160 tr1725">part </span><span class="pp-class-382 pa t60460 l60471 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60460 l60472 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60460 l49224 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60460 l60473 ls278 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60474 l3 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60474 l60475 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60474 l29310 ls1083 wtro3159 wtr1724 tro3160 tr1725">future </span><span class="pp-class-382 pa t60474 l60476 ls7094 wtro3159 wtr1724 tro3160 tr1725">events </span><span class="pp-class-382 pa t60474 l60477 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60474 l13774 ls2113 wtro3159 wtr1724 tro3160 tr1725">fulfilment </span><span class="pp-class-382 pa t60474 l30234 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60474 l31309 ls2531 wtro3159 wtr1724 tro3160 tr1725">agreed </span><span class="pp-class-382 pa t60474 l60478 ls1118 wtro3159 wtr1724 tro3160 tr1725">conditions, </span><span class="pp-class-382 pa t60474 l60479 ls1323 wtro3159 wtr1724 tro3160 tr1725">this </span><span class="pp-class-382 pa t60474 l60480 ls658 wtro3159 wtr1724 tro3160 tr1725">part </span><span class="pp-class-382 pa t60474 l60481 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60474 l60482 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60474 l60483 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60474 l60484 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60474 l60485 ls2784 wtro3159 wtr1724 tro3160 tr1725">recog-</span><span class="pp-class-382 pa t60486 l3 ls1759 wtro3159 wtr1724 tro3160 tr1725">nised </span><span class="pp-class-382 pa t60486 l60487 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60486 l60488 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60486 l60489 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60486 l48166 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60486 l60490 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60486 l48972 ls852 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60486 l60491 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60486 l34181 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition. </span><span class="pp-class-382 pa t60486 l60492 ls1759 wtro3159 wtr1724 tro3160 tr1725">Costs </span><span class="pp-class-382 pa t60486 l60493 ls1148 wtro3159 wtr1724 tro3160 tr1725">attributable </span><span class="pp-class-382 pa t60486 l60494 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60486 l60495 ls2694 wtro3159 wtr1724 tro3160 tr1725">business </span><span class="pp-class-382 pa t60486 l60496 ls2113 wtro3159 wtr1724 tro3160 tr1725">combinations </span><span class="pp-class-382 pa t60486 l60497 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60486 l60498 ls2113 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60499 l3 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60499 l11390 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60499 l60500 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60499 l60501 ls2486 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t60499 l60502 ls1150 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t60499 l60503 ls1323 wtro3159 wtr1724 tro3160 tr1725">when </span><span class="pp-class-382 pa t60499 l60504 ls960 wtro3159 wtr1724 tro3160 tr1725">incurred. </span><span class="pp-class-382 pa t60499 l60505 ls20054 wtro3159 wtr1724 tro3160 tr1725">If, </span><span class="pp-class-382 pa t60499 l60506 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60499 l60507 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60499 l60508 ls2688 wtro3159 wtr1724 tro3160 tr1725">date, </span><span class="pp-class-382 pa t60499 l60509 ls1237 wtro3159 wtr1724 tro3160 tr1725">uncertainty </span><span class="pp-class-382 pa t60499 l60510 ls2784 wtro3159 wtr1724 tro3160 tr1725">exist </span><span class="pp-class-382 pa t60499 l60511 ls2145 wtro3159 wtr1724 tro3160 tr1725">regarding </span><span class="pp-class-382 pa t60499 l60512 ls302 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60513 l3 ls5039 wtro3159 wtr1724 tro3160 tr1725">identification </span><span class="pp-class-382 pa t60513 l60514 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60513 l56753 ls960 wtro3159 wtr1724 tro3160 tr1725">measurement </span><span class="pp-class-382 pa t60513 l60515 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60513 l60516 ls1316 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60513 l39793 ls3474 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t60513 l60517 ls1118 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60513 l60518 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60513 l60519 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60513 l60520 ls830 wtro3159 wtr1724 tro3160 tr1725">liabilities, </span><span class="pp-class-382 pa t60513 l60521 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60513 l60522 ls688 wtro3159 wtr1724 tro3160 tr1725">determination </span><span class="pp-class-382 pa t60523 l3 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60523 l60524 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60523 l60525 ls8853 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60523 l60526 ls1701 wtro3159 wtr1724 tro3160 tr1725">price, </span><span class="pp-class-382 pa t60523 l60527 ls1237 wtro3159 wtr1724 tro3160 tr1725">initial </span><span class="pp-class-382 pa t60523 l60528 ls2142 wtro3159 wtr1724 tro3160 tr1725">recognition </span><span class="pp-class-382 pa t60523 l60529 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60523 l60530 ls960 wtro3159 wtr1724 tro3160 tr1725">measurement </span><span class="pp-class-382 pa t60523 l60531 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60523 l46816 ls1323 wtro3159 wtr1724 tro3160 tr1725">done </span><span class="pp-class-382 pa t60523 l60532 ls1759 wtro3159 wtr1724 tro3160 tr1725">based </span><span class="pp-class-382 pa t60523 l60533 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60523 l60534 ls53 wtro3159 wtr1724 tro3160 tr1725">preliminary </span><span class="pp-class-382 pa t60523 l60535 ls8853 wtro3159 wtr1724 tro3160 tr1725">values. </span><span class="pp-class-382 pa t60523 l60536 ls302 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60537 l3 ls53 wtro3159 wtr1724 tro3160 tr1725">preliminary </span><span class="pp-class-382 pa t60537 l7289 ls1150 wtro3159 wtr1724 tro3160 tr1725">values </span><span class="pp-class-382 pa t60537 l60538 ls2944 wtro3159 wtr1724 tro3160 tr1725">may </span><span class="pp-class-382 pa t60537 l60539 ls1080 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t60537 l60540 ls2113 wtro3159 wtr1724 tro3160 tr1725">adjusted </span><span class="pp-class-382 pa t60537 l60541 ls1305 wtro3159 wtr1724 tro3160 tr1725">until </span><span class="pp-class-382 pa t60537 l60542 ls1080 wtro3159 wtr1724 tro3160 tr1725">12 </span><span class="pp-class-382 pa t60537 l60543 ls1073 wtro3159 wtr1724 tro3160 tr1725">months </span><span class="pp-class-382 pa t60537 l60544 ls1243 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t60537 l60545 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60537 l60546 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60537 l60547 ls2688 wtro3159 wtr1724 tro3160 tr1725">date, </span><span class="pp-class-382 pa t60537 l60548 ls3377 wtro3159 wtr1724 tro3160 tr1725">provided </span><span class="pp-class-382 pa t60537 l60549 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60537 l60550 ls1237 wtro3159 wtr1724 tro3160 tr1725">initial </span><span class="pp-class-382 pa t60537 l60551 ls2784 wtro3159 wtr1724 tro3160 tr1725">recog-</span><span class="pp-class-382 pa t60552 l3 ls2486 wtro3159 wtr1724 tro3160 tr1725">nition </span><span class="pp-class-382 pa t60552 l60553 ls1150 wtro3159 wtr1724 tro3160 tr1725">was </span><span class="pp-class-382 pa t60552 l60554 ls53 wtro3159 wtr1724 tro3160 tr1725">preliminary </span><span class="pp-class-382 pa t60552 l60555 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60552 l60556 ls2970 wtro3159 wtr1724 tro3160 tr1725">incorrect. </span><span class="pp-class-382 pa t60552 l60557 ls1237 wtro3159 wtr1724 tro3160 tr1725">Changes </span><span class="pp-class-382 pa t60552 l60558 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60552 l60559 ls3105 wtro3159 wtr1724 tro3160 tr1725">estimates </span><span class="pp-class-382 pa t60552 l60560 ls2145 wtro3159 wtr1724 tro3160 tr1725">regarding </span><span class="pp-class-382 pa t60552 l60561 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60552 l60562 ls1868 wtro3159 wtr1724 tro3160 tr1725">considerations </span><span class="pp-class-382 pa t60552 l60563 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60552 l60564 ls296 wtro3159 wtr1724 tro3160 tr1725">rec-</span><span class="pp-class-382 pa t60565 l3 ls1237 wtro3159 wtr1724 tro3160 tr1725">ognised </span><span class="pp-class-382 pa t60565 l60566 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60565 l60567 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60565 l27458 ls2486 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t60565 l60568 ls1150 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t60565 l60569 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60565 l5628 ls1073 wtro3159 wtr1724 tro3160 tr1725">financial </span><span class="pp-class-382 pa t60565 l60570 ls58 wtro3159 wtr1724 tro3160 tr1725">items. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60571 l3 ls1150 wtro3159 wtr1724 tro3160 tr1725">Incremental </span><span class="pp-class-382 pa t60571 l60572 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisitions </span><span class="pp-class-382 pa t60571 l60573 ls2842 wtro3159 wtr1724 tro3160 tr1725">after </span><span class="pp-class-382 pa t60571 l60574 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60571 l60575 ls185 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t60571 l60576 ls1323 wtro3159 wtr1724 tro3160 tr1725">been </span><span class="pp-class-382 pa t60571 l60577 ls3278 wtro3159 wtr1724 tro3160 tr1725">obtained, </span><span class="pp-class-382 pa t60571 l60578 ls2142 wtro3159 wtr1724 tro3160 tr1725">i.e., </span><span class="pp-class-382 pa t60571 l60579 ls8853 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60571 l60580 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60571 l44415 ls2694 wtro3159 wtr1724 tro3160 tr1725">minority </span><span class="pp-class-382 pa t60571 l60581 ls1148 wtro3159 wtr1724 tro3160 tr1725">interests, </span><span class="pp-class-382 pa t60571 l60582 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60571 l48501 ls296 wtro3159 wtr1724 tro3160 tr1725">rec-</span><span class="pp-class-382 pa t60583 l3 ls1237 wtro3159 wtr1724 tro3160 tr1725">ognised </span><span class="pp-class-382 pa t60583 l60566 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60583 l60584 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60583 l60585 ls1057 wtro3159 wtr1724 tro3160 tr1725">equity. </span><span class="pp-class-382 pa t60583 l60586 ls2694 wtro3159 wtr1724 tro3160 tr1725">Disposal </span><span class="pp-class-382 pa t60583 l60587 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60583 l60588 ls2694 wtro3159 wtr1724 tro3160 tr1725">minority </span><span class="pp-class-382 pa t60583 l60589 ls852 wtro3159 wtr1724 tro3160 tr1725">interests </span><span class="pp-class-382 pa t60583 l35488 ls830 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t60583 l60590 ls2944 wtro3159 wtr1724 tro3160 tr1725">resulting </span><span class="pp-class-382 pa t60583 l60591 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60583 l60592 ls1323 wtro3159 wtr1724 tro3160 tr1725">loss </span><span class="pp-class-382 pa t60583 l60593 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60583 l60594 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60583 l60595 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60583 l60596 ls1243 wtro3159 wtr1724 tro3160 tr1725">likewise </span><span class="pp-class-382 pa t60583 l60597 ls2784 wtro3159 wtr1724 tro3160 tr1725">recog-</span><span class="pp-class-382 pa t60598 l3 ls1759 wtro3159 wtr1724 tro3160 tr1725">nised </span><span class="pp-class-382 pa t60598 l60599 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60598 l60600 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60598 l13184 ls1057 wtro3159 wtr1724 tro3160 tr1725">equity. </span><span class="pp-class-382 pa t60598 l60601 ls1759 wtro3159 wtr1724 tro3160 tr1725">Gains </span><span class="pp-class-382 pa t60598 l60602 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60598 l60603 ls2486 wtro3159 wtr1724 tro3160 tr1725">losses </span><span class="pp-class-382 pa t60598 l60604 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60598 l60605 ls2694 wtro3159 wtr1724 tro3160 tr1725">disposal </span><span class="pp-class-382 pa t60598 l60606 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60598 l60607 ls1319 wtro3159 wtr1724 tro3160 tr1725">subsidiaries, </span><span class="pp-class-382 pa t60598 l60608 ls803 wtro3159 wtr1724 tro3160 tr1725">associates </span><span class="pp-class-382 pa t60598 l60609 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60598 l60610 ls1305 wtro3159 wtr1724 tro3160 tr1725">joint </span><span class="pp-class-382 pa t60598 l60611 ls11245 wtro3159 wtr1724 tro3160 tr1725">ventures </span><span class="pp-class-382 pa t60598 l60612 ls2970 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60613 l3 ls803 wtro3159 wtr1724 tro3160 tr1725">calculated </span><span class="pp-class-382 pa t60613 l60614 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60613 l19073 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60613 l60615 ls1974 wtro3159 wtr1724 tro3160 tr1725">difference </span><span class="pp-class-382 pa t60613 l16324 ls1244 wtro3159 wtr1724 tro3160 tr1725">between </span><span class="pp-class-382 pa t60613 l60616 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60613 l60617 ls2694 wtro3159 wtr1724 tro3160 tr1725">disposal </span><span class="pp-class-382 pa t60613 l60618 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60613 l60619 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60613 l60620 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60613 l60621 ls1323 wtro3159 wtr1724 tro3160 tr1725">book </span><span class="pp-class-382 pa t60613 l60622 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60613 l60623 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60613 l60624 ls830 wtro3159 wtr1724 tro3160 tr1725">net </span><span class="pp-class-382 pa t60613 l60625 ls238 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60613 l60626 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60613 l60627 ls302 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60628 l3 ls852 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60628 l60629 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60628 l60630 ls1073 wtro3159 wtr1724 tro3160 tr1725">disposal, </span><span class="pp-class-382 pa t60628 l60631 ls3474 wtro3159 wtr1724 tro3160 tr1725">including </span><span class="pp-class-382 pa t60628 l60632 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60628 l5423 ls1323 wtro3159 wtr1724 tro3160 tr1725">book </span><span class="pp-class-382 pa t60628 l19511 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60628 l60633 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60628 l60634 ls1073 wtro3159 wtr1724 tro3160 tr1725">goodwill, </span><span class="pp-class-382 pa t60628 l60635 ls1244 wtro3159 wtr1724 tro3160 tr1725">accumulated </span><span class="pp-class-382 pa t60628 l60636 ls3435 wtro3159 wtr1724 tro3160 tr1725">exchange </span><span class="pp-class-382 pa t60628 l60637 ls1759 wtro3159 wtr1724 tro3160 tr1725">gains </span><span class="pp-class-382 pa t60628 l60638 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60628 l60639 ls2486 wtro3159 wtr1724 tro3160 tr1725">losses </span><span class="pp-class-382 pa t60628 l60640 ls7858 wtro3159 wtr1724 tro3160 tr1725">previ-</span><span class="pp-class-382 pa t60641 l3 ls7094 wtro3159 wtr1724 tro3160 tr1725">ously </span><span class="pp-class-382 pa t60641 l60642 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60641 l60643 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60641 l60644 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60641 l60645 ls2486 wtro3159 wtr1724 tro3160 tr1725">equity </span><span class="pp-class-382 pa t60641 l60646 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60641 l60647 ls960 wtro3159 wtr1724 tro3160 tr1725">well </span><span class="pp-class-382 pa t60641 l60648 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60641 l44905 ls3105 wtro3159 wtr1724 tro3160 tr1725">anticipated </span><span class="pp-class-382 pa t60641 l60649 ls2694 wtro3159 wtr1724 tro3160 tr1725">disposal </span><span class="pp-class-382 pa t60641 l60650 ls2486 wtro3159 wtr1724 tro3160 tr1725">costs. </span><span class="pp-class-382 pa t60641 l60651 ls8853 wtro3159 wtr1724 tro3160 tr1725">Exchange </span><span class="pp-class-382 pa t60641 l60652 ls3216 wtro3159 wtr1724 tro3160 tr1725">rate </span><span class="pp-class-382 pa t60641 l60653 ls3278 wtro3159 wtr1724 tro3160 tr1725">adjustments </span><span class="pp-class-382 pa t60641 l53371 ls5039 wtro3159 wtr1724 tro3160 tr1725">attrib-</span><span class="pp-class-382 pa t60654 l3 ls1319 wtro3159 wtr1724 tro3160 tr1725">utable </span><span class="pp-class-382 pa t60654 l60655 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60654 l60656 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60654 l60657 ls1015 wtro3159 wtr1724 tro3160 tr1725">Group’s </span><span class="pp-class-382 pa t60654 l60658 ls1101 wtro3159 wtr1724 tro3160 tr1725">ownership </span><span class="pp-class-382 pa t60654 l60659 ls2854 wtro3159 wtr1724 tro3160 tr1725">interest, </span><span class="pp-class-382 pa t60654 l60660 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60654 l60661 ls1759 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60654 l60662 ls2769 wtro3159 wtr1724 tro3160 tr1725">previously </span><span class="pp-class-382 pa t60654 l60663 ls2848 wtro3159 wtr1724 tro3160 tr1725">were </span><span class="pp-class-382 pa t60654 l60664 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60654 l60665 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60654 l60666 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60654 l60667 ls1057 wtro3159 wtr1724 tro3160 tr1725">equity, </span><span class="pp-class-382 pa t60654 l60668 ls2970 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60669 l3 ls238 wtro3159 wtr1724 tro3160 tr1725">included </span><span class="pp-class-382 pa t60669 l60670 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60669 l9442 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60669 l60671 ls688 wtro3159 wtr1724 tro3160 tr1725">calculation </span><span class="pp-class-382 pa t60669 l60672 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60669 l44054 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60669 l60673 ls1759 wtro3159 wtr1724 tro3160 tr1725">gain/ </span><span class="pp-class-382 pa t60669 l60674 ls1759 wtro3159 wtr1724 tro3160 tr1725">loss. </span><span class="pp-class-382 pa t60669 l60675 ls3278 wtro3159 wtr1724 tro3160 tr1725">Any </span><span class="pp-class-382 pa t60669 l60676 ls828 wtro3159 wtr1724 tro3160 tr1725">retained </span><span class="pp-class-382 pa t60669 l60677 ls238 wtro3159 wtr1724 tro3160 tr1725">participating </span><span class="pp-class-382 pa t60669 l60678 ls852 wtro3159 wtr1724 tro3160 tr1725">interests </span><span class="pp-class-382 pa t60669 l60679 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60669 l60680 ls8853 wtro3159 wtr1724 tro3160 tr1725">measured </span><span class="pp-class-382 pa t60669 l60681 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60669 l60682 ls1080 wtro3159 wtr1724 tro3160 tr1725">their </span><span class="pp-class-382 pa t60683 l3 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60683 l60684 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60683 l60685 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60683 l39014 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60683 l311 ls1323 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t60683 l60686 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60683 l60687 ls1759 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60683 l60688 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60683 l60689 ls960 wtro3159 wtr1724 tro3160 tr1725">controlling </span><span class="pp-class-382 pa t60683 l60690 ls1859 wtro3159 wtr1724 tro3160 tr1725">influence </span><span class="pp-class-382 pa t60683 l60691 ls1150 wtro3159 wtr1724 tro3160 tr1725">was </span><span class="pp-class-382 pa t60683 l60692 ls1733 wtro3159 wtr1724 tro3160 tr1725">lost.</span></p></div></div></div></div></div> <span class="pp-class-382 pa t45987 l3 ls53" xmlns="http://www.w3.org/1999/xhtml">Acquisition </span><span class="pp-class-382 pa t45987 l36873 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t45987 l60064 ls1083" xmlns="http://www.w3.org/1999/xhtml">shares </span><span class="pp-class-382 pa t45987 l29353 ls2784" xmlns="http://www.w3.org/1999/xhtml">by </span><span class="pp-class-382 pa t45987 l43974 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t45987 l53842 ls1868" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-382 pa t45987 l40808 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t45987 l60065 ls1080" xmlns="http://www.w3.org/1999/xhtml">AB </span><span class="pp-class-382 pa t45987 l60066 ls1323" xmlns="http://www.w3.org/1999/xhtml">DFDS </span><span class="pp-class-382 pa t45987 l60067 ls1057" xmlns="http://www.w3.org/1999/xhtml">Seaways </span><span class="pp-class-382 pa t45987 l60068 ls2486" xmlns="http://www.w3.org/1999/xhtml">during </span><span class="pp-class-382 pa t45987 l60069 ls1150" xmlns="http://www.w3.org/1999/xhtml">2024 </span><span class="pp-class-382 pa t45987 l59299 ls1118" xmlns="http://www.w3.org/1999/xhtml">amounts </span><span class="pp-class-382 pa t45987 l60070 ls1759" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-382 pa t45987 l60071 ls1099" xmlns="http://www.w3.org/1999/xhtml">DKK </span><span class="pp-class-382 pa t45987 l60072 ls1080" xmlns="http://www.w3.org/1999/xhtml">7m </span><span class="pp-class-382 pa t45987 l60073 ls2486" xmlns="http://www.w3.org/1999/xhtml">(2023: </span><span class="pp-class-382 pa t45987 l60074 ls1099" xmlns="http://www.w3.org/1999/xhtml">DKK </span><span class="pp-class-382 pa t45987 l60075 ls1955" xmlns="http://www.w3.org/1999/xhtml">8m), </span><span class="pp-class-382 pa t45999 l3 ls728" xmlns="http://www.w3.org/1999/xhtml">equivalent </span><span class="pp-class-382 pa t45999 l60076 ls1759" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-382 pa t45999 l23018 ls1080" xmlns="http://www.w3.org/1999/xhtml">an </span><span class="pp-class-382 pa t45999 l60077 ls1101" xmlns="http://www.w3.org/1999/xhtml">ownership </span><span class="pp-class-382 pa t45999 l60078 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t45999 l60079 ls3387" xmlns="http://www.w3.org/1999/xhtml">0.43% </span><span class="pp-class-382 pa t45999 l60080 ls2486" xmlns="http://www.w3.org/1999/xhtml">(2023: </span><span class="pp-class-382 pa t45999 l60081 ls9996" xmlns="http://www.w3.org/1999/xhtml">1.74%) </span><span class="pp-class-382 pa t45999 l60082 ls2842" xmlns="http://www.w3.org/1999/xhtml">after </span><span class="pp-class-382 pa t45999 l60083 ls1759" xmlns="http://www.w3.org/1999/xhtml">which </span><span class="pp-class-382 pa t45999 l60084 ls1099" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-382 pa t45999 l60085 ls2489" xmlns="http://www.w3.org/1999/xhtml">company </span><span class="pp-class-382 pa t45999 l60086 ls1080" xmlns="http://www.w3.org/1999/xhtml">is </span><span class="pp-class-382 pa t45999 l60087 ls2142" xmlns="http://www.w3.org/1999/xhtml">owned </span><span class="pp-class-382 pa t45999 l60088 ls2147" xmlns="http://www.w3.org/1999/xhtml">99.27% </span><span class="pp-class-382 pa t45999 l60089 ls2486" xmlns="http://www.w3.org/1999/xhtml">(2023: </span><span class="pp-class-382 pa t45999 l56638 ls1945" xmlns="http://www.w3.org/1999/xhtml">98.84%). </span><span class="pp-class-382 pa t46012 l3 ls1772" xmlns="http://www.w3.org/1999/xhtml">Badwill </span><span class="pp-class-382 pa t46012 l60090 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t46012 l60091 ls858" xmlns="http://www.w3.org/1999/xhtml">DKK </span><span class="pp-class-382 pa t46012 l27076 ls858" xmlns="http://www.w3.org/1999/xhtml">13m </span><span class="pp-class-382 pa t46012 l60092 ls2486" xmlns="http://www.w3.org/1999/xhtml">(2023: </span><span class="pp-class-382 pa t46012 l60093 ls1772" xmlns="http://www.w3.org/1999/xhtml">Badwill </span><span class="pp-class-382 pa t46012 l60094 ls103" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-382 pa t46012 l60095 ls858" xmlns="http://www.w3.org/1999/xhtml">DKK </span><span class="pp-class-382 pa t46012 l60096 ls14019" xmlns="http://www.w3.org/1999/xhtml">17m) </span><span class="pp-class-382 pa t46012 l60097 ls1080" xmlns="http://www.w3.org/1999/xhtml">is </span><span class="pp-class-382 pa t46012 l60098 ls2970" xmlns="http://www.w3.org/1999/xhtml">recognised </span><span class="pp-class-382 pa t46012 l60099 ls2143" xmlns="http://www.w3.org/1999/xhtml">directly </span><span class="pp-class-382 pa t46012 l60100 ls1080" xmlns="http://www.w3.org/1999/xhtml">in </span><span class="pp-class-382 pa t46012 l60101 ls2147" xmlns="http://www.w3.org/1999/xhtml">equity.</span> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60182 l3 ls21295 wtro3159 wtr9936 tro3160 tr9937">Enterprises </span><span class="pp-class-382 pa t60182 l2533 ls3006 wtro3159 wtr9936 tro3160 tr9937">acquired </span><span class="pp-class-382 pa t60182 l60183 ls2459 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t60182 l60184 ls1952 wtro3159 wtr9936 tro3160 tr9937">formed </span><span class="pp-class-382 pa t60182 l60185 ls1734 wtro3159 wtr9936 tro3160 tr9937">during </span><span class="pp-class-382 pa t60182 l7908 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60182 l60186 ls1736 wtro3159 wtr9936 tro3160 tr9937">year </span><span class="pp-class-382 pa t60182 l60187 ls20054 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t60182 l60188 ls7996 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t60182 l60189 ls2459 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t60182 l60190 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60182 l60191 ls18761 wtro3159 wtr9936 tro3160 tr9937">consolidated </span><span class="pp-class-382 pa t60182 l60192 ls9272 wtro3159 wtr9936 tro3160 tr9937">financial </span><span class="pp-class-382 pa t60182 l60193 ls37002 wtro3159 wtr9936 tro3160 tr9937">statements </span><span class="pp-class-382 pa t60182 l60194 ls712 wtro3159 wtr9936 tro3160 tr9937">from </span><span class="pp-class-382 pa t60195 l3 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60195 l60196 ls15037 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t60195 l60197 ls7858 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t60195 l60198 ls4765 wtro3159 wtr9936 tro3160 tr9937">acquisition </span><span class="pp-class-382 pa t60195 l18370 ls2459 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t60195 l60199 ls17063 wtro3159 wtr9936 tro3160 tr9937">formation. </span><span class="pp-class-382 pa t60195 l60200 ls21295 wtro3159 wtr9936 tro3160 tr9937">Enterprises </span><span class="pp-class-382 pa t60195 l60201 ls16981 wtro3159 wtr9936 tro3160 tr9937">disposed </span><span class="pp-class-382 pa t60195 l21004 ls20054 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t60195 l60202 ls7996 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t60195 l60203 ls2459 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t60195 l60204 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60195 l60205 ls18761 wtro3159 wtr9936 tro3160 tr9937">consolidated </span><span class="pp-class-382 pa t60195 l60206 ls9272 wtro3159 wtr9936 tro3160 tr9937">financial </span><span class="pp-class-382 pa t60195 l60207 ls9272 wtro3159 wtr9936 tro3160 tr9937">state-</span><span class="pp-class-382 pa t60208 l3 ls1734 wtro3159 wtr9936 tro3160 tr9937">ments </span><span class="pp-class-382 pa t60208 l60209 ls1734 wtro3159 wtr9936 tro3160 tr9937">until </span><span class="pp-class-382 pa t60208 l60210 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60208 l60211 ls15037 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t60208 l60212 ls7858 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t60208 l60213 ls9272 wtro3159 wtr9936 tro3160 tr9937">disposal. </span><span class="pp-class-382 pa t60208 l48358 ls1057 wtro3159 wtr9936 tro3160 tr9937">The </span><span class="pp-class-382 pa t60208 l60214 ls60215 wtro3159 wtr9936 tro3160 tr9937">comparative </span><span class="pp-class-382 pa t60208 l60216 ls3162 wtro3159 wtr9936 tro3160 tr9937">figures </span><span class="pp-class-382 pa t60208 l40281 ls20054 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t60208 l60217 ls712 wtro3159 wtr9936 tro3160 tr9937">not </span><span class="pp-class-382 pa t60208 l60218 ls721 wtro3159 wtr9936 tro3160 tr9937">adjusted </span><span class="pp-class-382 pa t60208 l60219 ls2805 wtro3159 wtr9936 tro3160 tr9937">for </span><span class="pp-class-382 pa t60208 l60220 ls1736 wtro3159 wtr9936 tro3160 tr9937">acquisitions </span><span class="pp-class-382 pa t60208 l60221 ls2459 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t60208 l60222 ls9272 wtro3159 wtr9936 tro3160 tr9937">disposals.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60223 l3 ls2694 wtro3159 wtr1724 tro3160 tr1725">Business </span><span class="pp-class-382 pa t60223 l60224 ls2113 wtro3159 wtr1724 tro3160 tr1725">combinations </span><span class="pp-class-382 pa t60223 l28661 ls2784 wtro3159 wtr1724 tro3160 tr1725">where </span><span class="pp-class-382 pa t60223 l60225 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60223 l60226 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60223 l60227 ls3278 wtro3159 wtr1724 tro3160 tr1725">obtained </span><span class="pp-class-382 pa t60223 l49828 ls2784 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t60223 l60228 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60223 l60229 ls2784 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-382 pa t60223 l60230 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60223 l60231 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60223 l60232 ls1759 wtro3159 wtr1724 tro3160 tr1725">using </span><span class="pp-class-382 pa t60223 l60233 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60223 l60234 ls1118 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60235 l3 ls3474 wtro3159 wtr1724 tro3160 tr1725">method. </span><span class="pp-class-382 pa t60235 l60236 ls858 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60235 l60237 ls296 wtro3159 wtr1724 tro3160 tr1725">identifiable </span><span class="pp-class-382 pa t60235 l60238 ls3474 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t60235 l60239 ls830 wtro3159 wtr1724 tro3160 tr1725">liabilities, </span><span class="pp-class-382 pa t60235 l60240 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60235 l60241 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60235 l60242 ls1118 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60235 l60243 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60235 l60244 ls15062 wtro3159 wtr1724 tro3160 tr1725">newly </span><span class="pp-class-382 pa t60235 l60245 ls1316 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60235 l60246 ls1701 wtro3159 wtr1724 tro3160 tr1725">enterprises </span><span class="pp-class-382 pa t60235 l60247 ls2970 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60248 l3 ls2694 wtro3159 wtr1724 tro3160 tr1725">assessed </span><span class="pp-class-382 pa t60248 l60249 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60248 l60250 ls1759 wtro3159 wtr1724 tro3160 tr1725">their </span><span class="pp-class-382 pa t60248 l60251 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60248 l60252 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60248 l60253 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60248 l19941 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60248 l60254 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60248 l60255 ls2688 wtro3159 wtr1724 tro3160 tr1725">date. </span><span class="pp-class-382 pa t60248 l60256 ls296 wtro3159 wtr1724 tro3160 tr1725">Identifiable </span><span class="pp-class-382 pa t60248 l60257 ls1701 wtro3159 wtr1724 tro3160 tr1725">intangible </span><span class="pp-class-382 pa t60248 l60258 ls238 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60248 l60259 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60248 l60260 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60248 l60261 ls1080 wtro3159 wtr1724 tro3160 tr1725">if </span><span class="pp-class-382 pa t60248 l10620 ls3474 wtro3159 wtr1724 tro3160 tr1725">they </span><span class="pp-class-382 pa t60262 l3 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60262 l60263 ls960 wtro3159 wtr1724 tro3160 tr1725">separable </span><span class="pp-class-382 pa t60262 l60264 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60262 l60265 ls1759 wtro3159 wtr1724 tro3160 tr1725">arise </span><span class="pp-class-382 pa t60262 l60266 ls1243 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t60262 l60267 ls302 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t60262 l60268 ls4305 wtro3159 wtr1724 tro3160 tr1725">contractual </span><span class="pp-class-382 pa t60262 l22438 ls1323 wtro3159 wtr1724 tro3160 tr1725">right. </span><span class="pp-class-382 pa t60262 l60269 ls828 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t60262 l60270 ls1237 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t60262 l60271 ls3458 wtro3159 wtr1724 tro3160 tr1725">related </span><span class="pp-class-382 pa t60262 l60272 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60262 l60273 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60262 l60274 ls185 wtro3159 wtr1724 tro3160 tr1725">revaluations </span><span class="pp-class-382 pa t60262 l60275 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60262 l60276 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60277 l3 ls3105 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60277 l60278 ls2401 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60277 l60279 ls1535 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60277 l60280 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60277 l60281 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60277 l60282 ls1535 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60277 l60283 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60277 l60284 ls3623 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60277 l60285 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60277 l13536 ls6791 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-382 pa t60277 l60286 ls2401 wtro3159 wtr1724 tro3160 tr1725">obtains </span><span class="pp-class-382 pa t60277 l60287 ls2459 wtro3159 wtr1724 tro3160 tr1725">actual </span><span class="pp-class-382 pa t60277 l60288 ls2848 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60277 l60289 ls719 wtro3159 wtr1724 tro3160 tr1725">over </span><span class="pp-class-382 pa t60277 l33632 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60277 l60290 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60277 l60291 ls4279 wtro3159 wtr1724 tro3160 tr1725">enterprise. </span><span class="pp-class-382 pa t60292 l3 ls3230 wtro3159 wtr1724 tro3160 tr1725">Positive </span><span class="pp-class-382 pa t60292 l60293 ls6791 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t60292 l60294 ls3382 wtro3159 wtr1724 tro3160 tr1725">(goodwill) </span><span class="pp-class-382 pa t60292 l60295 ls2132 wtro3159 wtr1724 tro3160 tr1725">between, </span><span class="pp-class-382 pa t60292 l60296 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60292 l60297 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60292 l60298 ls3105 wtro3159 wtr1724 tro3160 tr1725">one </span><span class="pp-class-382 pa t60292 l54732 ls3623 wtro3159 wtr1724 tro3160 tr1725">hand, </span><span class="pp-class-382 pa t60292 l60299 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60292 l60300 ls4652 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60292 l60301 ls7094 wtro3159 wtr1724 tro3160 tr1725">price, </span><span class="pp-class-382 pa t60292 l60302 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60292 l60303 ls2143 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60292 l60304 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60292 l60305 ls2760 wtro3159 wtr1724 tro3160 tr1725">minority </span><span class="pp-class-382 pa t60292 l60306 ls11799 wtro3159 wtr1724 tro3160 tr1725">inter-</span><span class="pp-class-382 pa t60307 l3 ls1150 wtro3159 wtr1724 tro3160 tr1725">ests </span><span class="pp-class-382 pa t60307 l60308 ls1772 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60307 l60309 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60307 l60310 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60307 l16203 ls864 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60307 l60311 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60307 l60312 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60307 l60313 ls2145 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60307 l60314 ls2143 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60307 l50623 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60307 l60315 ls800 wtro3159 wtr1724 tro3160 tr1725">any </span><span class="pp-class-382 pa t60307 l60316 ls4343 wtro3159 wtr1724 tro3160 tr1725">previously </span><span class="pp-class-382 pa t60307 l60317 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60307 l60318 ls185 wtro3159 wtr1724 tro3160 tr1725">shareholdings, </span><span class="pp-class-382 pa t60307 l60319 ls1150 wtro3159 wtr1724 tro3160 tr1725">and, </span><span class="pp-class-382 pa t60307 l44514 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60307 l60320 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60321 l3 ls2531 wtro3159 wtr1724 tro3160 tr1725">other </span><span class="pp-class-382 pa t60321 l60322 ls3623 wtro3159 wtr1724 tro3160 tr1725">hand, </span><span class="pp-class-382 pa t60321 l60323 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60321 l60324 ls2145 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60321 l60325 ls2143 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60321 l60326 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60321 l60327 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60321 l60328 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60321 l9919 ls11245 wtro3159 wtr1724 tro3160 tr1725">identifiable </span><span class="pp-class-382 pa t60321 l60329 ls800 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t60321 l20840 ls3377 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60321 l60330 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60321 l60331 ls7094 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60321 l60332 ls3377 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60321 l60333 ls3184 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60321 l60334 ls1243 wtro3159 wtr1724 tro3160 tr1725">rec-</span><span class="pp-class-382 pa t60335 l3 ls1194 wtro3159 wtr1724 tro3160 tr1725">ognised </span><span class="pp-class-382 pa t60335 l60336 ls1772 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60335 l60337 ls2760 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t60335 l60338 ls1974 wtro3159 wtr1724 tro3160 tr1725">under </span><span class="pp-class-382 pa t60335 l60339 ls3630 wtro3159 wtr1724 tro3160 tr1725">non-current </span><span class="pp-class-382 pa t60335 l60340 ls864 wtro3159 wtr1724 tro3160 tr1725">intangible </span><span class="pp-class-382 pa t60335 l16948 ls800 wtro3159 wtr1724 tro3160 tr1725">assets. </span><span class="pp-class-382 pa t60335 l41760 ls2760 wtro3159 wtr1724 tro3160 tr1725">Goodwill </span><span class="pp-class-382 pa t60335 l60341 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60335 l60342 ls4305 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t60335 l60343 ls1868 wtro3159 wtr1724 tro3160 tr1725">amortised </span><span class="pp-class-382 pa t60335 l60344 ls3105 wtro3159 wtr1724 tro3160 tr1725">but </span><span class="pp-class-382 pa t60335 l60345 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60335 l60346 ls646 wtro3159 wtr1724 tro3160 tr1725">tested </span><span class="pp-class-382 pa t60335 l60347 ls1945 wtro3159 wtr1724 tro3160 tr1725">annually </span><span class="pp-class-382 pa t60348 l3 ls800 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t60348 l60349 ls1463 wtro3159 wtr1724 tro3160 tr1725">impairment. </span><span class="pp-class-382 pa t60348 l60350 ls3105 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60348 l60351 ls1974 wtro3159 wtr1724 tro3160 tr1725">first </span><span class="pp-class-382 pa t60348 l60352 ls4279 wtro3159 wtr1724 tro3160 tr1725">impairment </span><span class="pp-class-382 pa t60348 l60353 ls4305 wtro3159 wtr1724 tro3160 tr1725">test </span><span class="pp-class-382 pa t60348 l60354 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60348 l60355 ls2401 wtro3159 wtr1724 tro3160 tr1725">performed </span><span class="pp-class-382 pa t60348 l60356 ls2147 wtro3159 wtr1724 tro3160 tr1725">before </span><span class="pp-class-382 pa t60348 l60357 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60348 l60358 ls3105 wtro3159 wtr1724 tro3160 tr1725">end </span><span class="pp-class-382 pa t60348 l60359 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60348 l60360 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60348 l60361 ls2401 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60348 l60362 ls25707 wtro3159 wtr1724 tro3160 tr1725">year. </span><span class="pp-class-382 pa t60348 l60363 ls1150 wtro3159 wtr1724 tro3160 tr1725">Upon </span><span class="pp-class-382 pa t60348 l60364 ls7094 wtro3159 wtr1724 tro3160 tr1725">acqui-</span><span class="pp-class-382 pa t60365 l3 ls1194 wtro3159 wtr1724 tro3160 tr1725">sition, </span><span class="pp-class-382 pa t60365 l60366 ls2760 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t60365 l60367 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60365 l60368 ls7858 wtro3159 wtr1724 tro3160 tr1725">allocated </span><span class="pp-class-382 pa t60365 l60369 ls2854 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60365 l39692 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60365 l34886 ls2851 wtro3159 wtr1724 tro3160 tr1725">cash-generating </span><span class="pp-class-382 pa t60365 l60370 ls2787 wtro3159 wtr1724 tro3160 tr1725">units, </span><span class="pp-class-382 pa t60365 l60371 ls1974 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60365 l60372 ls2848 wtro3159 wtr1724 tro3160 tr1725">subsequently </span><span class="pp-class-382 pa t60365 l60373 ls2145 wtro3159 wtr1724 tro3160 tr1725">form </span><span class="pp-class-382 pa t60365 l60374 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60365 l60375 ls1974 wtro3159 wtr1724 tro3160 tr1725">basis </span><span class="pp-class-382 pa t60365 l60376 ls800 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t60365 l60377 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60365 l60378 ls1772 wtro3159 wtr1724 tro3160 tr1725">im-</span><span class="pp-class-382 pa t60379 l3 ls2531 wtro3159 wtr1724 tro3160 tr1725">pairment </span><span class="pp-class-382 pa t60379 l60380 ls1148 wtro3159 wtr1724 tro3160 tr1725">test. </span><span class="pp-class-382 pa t60379 l60381 ls7752 wtro3159 wtr1724 tro3160 tr1725">Allocation </span><span class="pp-class-382 pa t60379 l60382 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60379 l60383 ls2760 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t60379 l60384 ls2854 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60379 l60385 ls2851 wtro3159 wtr1724 tro3160 tr1725">cash-generating </span><span class="pp-class-382 pa t60379 l60386 ls1974 wtro3159 wtr1724 tro3160 tr1725">units </span><span class="pp-class-382 pa t60379 l60387 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60379 l60388 ls2149 wtro3159 wtr1724 tro3160 tr1725">described </span><span class="pp-class-382 pa t60379 l60389 ls1772 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60379 l60390 ls7096 wtro3159 wtr1724 tro3160 tr1725">notes </span><span class="pp-class-382 pa t60379 l60391 ls2147 wtro3159 wtr1724 tro3160 tr1725">3.1.1 </span><span class="pp-class-382 pa t60379 l60392 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60379 l60393 ls3387 wtro3159 wtr1724 tro3160 tr1725">3.1.4.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60394 l3 ls124 wtro3159 wtr1724 tro3160 tr1725">Goodwill </span><span class="pp-class-382 pa t60394 l60395 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60394 l60396 ls34 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60394 l13766 ls869 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60394 l60397 ls2835 wtro3159 wtr1724 tro3160 tr1725">adjustments </span><span class="pp-class-382 pa t60394 l60398 ls278 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60394 l60399 ls246 wtro3159 wtr1724 tro3160 tr1725">connection </span><span class="pp-class-382 pa t60394 l60400 ls16 wtro3159 wtr1724 tro3160 tr1725">with </span><span class="pp-class-382 pa t60394 l60401 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60394 l60402 ls658 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60394 l60403 ls134 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60394 l60389 ls332 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t60394 l20821 ls1073 wtro3159 wtr1724 tro3160 tr1725">foreign </span><span class="pp-class-382 pa t60394 l60404 ls2482 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60394 l60405 ls16 wtro3159 wtr1724 tro3160 tr1725">with </span><span class="pp-class-382 pa t60394 l60406 ls76 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t60394 l60407 ls8853 wtro3159 wtr1724 tro3160 tr1725">dif-</span><span class="pp-class-382 pa t60408 l3 ls1772 wtro3159 wtr1724 tro3160 tr1725">ferent </span><span class="pp-class-382 pa t60408 l60409 ls246 wtro3159 wtr1724 tro3160 tr1725">functional </span><span class="pp-class-382 pa t60408 l60410 ls1319 wtro3159 wtr1724 tro3160 tr1725">currency </span><span class="pp-class-382 pa t60408 l60411 ls16 wtro3159 wtr1724 tro3160 tr1725">than </span><span class="pp-class-382 pa t60408 l60412 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60408 l60413 ls1868 wtro3159 wtr1724 tro3160 tr1725">Group’s </span><span class="pp-class-382 pa t60408 l60414 ls2486 wtro3159 wtr1724 tro3160 tr1725">presentation </span><span class="pp-class-382 pa t60408 l60415 ls1319 wtro3159 wtr1724 tro3160 tr1725">currency </span><span class="pp-class-382 pa t60408 l60416 ls3278 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60408 l60417 ls1859 wtro3159 wtr1724 tro3160 tr1725">treated </span><span class="pp-class-382 pa t60408 l60418 ls278 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60408 l60419 ls2482 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60408 l60420 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60408 l60421 ls39 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60422 l3 ls134 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60422 l48283 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60422 l60423 ls1073 wtro3159 wtr1724 tro3160 tr1725">foreign </span><span class="pp-class-382 pa t60422 l60424 ls2482 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60422 l60425 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60422 l60426 ls3278 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60422 l60427 ls2694 wtro3159 wtr1724 tro3160 tr1725">translated </span><span class="pp-class-382 pa t60422 l60428 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60422 l60429 ls1733 wtro3159 wtr1724 tro3160 tr1725">converted </span><span class="pp-class-382 pa t60422 l60430 ls1073 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60422 l60431 ls39 wtro3159 wtr1724 tro3160 tr1725">first </span><span class="pp-class-382 pa t60422 l60432 ls1298 wtro3159 wtr1724 tro3160 tr1725">recognition </span><span class="pp-class-382 pa t60422 l49561 ls302 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60422 l60433 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60422 l60434 ls246 wtro3159 wtr1724 tro3160 tr1725">functional </span><span class="pp-class-382 pa t60422 l60435 ls1237 wtro3159 wtr1724 tro3160 tr1725">currency </span><span class="pp-class-382 pa t60436 l3 ls134 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60436 l48283 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60436 l60423 ls1073 wtro3159 wtr1724 tro3160 tr1725">foreign </span><span class="pp-class-382 pa t60436 l60424 ls2482 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60436 l60425 ls1073 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60436 l60437 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60436 l60438 ls3278 wtro3159 wtr1724 tro3160 tr1725">exchange </span><span class="pp-class-382 pa t60436 l60439 ls7694 wtro3159 wtr1724 tro3160 tr1725">rate </span><span class="pp-class-382 pa t60436 l60440 ls278 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60436 l60441 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60436 l60442 ls869 wtro3159 wtr1724 tro3160 tr1725">transaction </span><span class="pp-class-382 pa t60436 l60443 ls3278 wtro3159 wtr1724 tro3160 tr1725">date.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60444 l3 ls858 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60444 l23024 ls8853 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60444 l60445 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60444 l60446 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60444 l60447 ls1080 wtro3159 wtr1724 tro3160 tr1725">an </span><span class="pp-class-382 pa t60444 l60448 ls1701 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60444 l36552 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60444 l16869 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60444 l60449 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60444 l60450 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60444 l60451 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60444 l60452 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60444 l60453 ls2531 wtro3159 wtr1724 tro3160 tr1725">agreed </span><span class="pp-class-382 pa t60444 l60454 ls8853 wtro3159 wtr1724 tro3160 tr1725">payment </span><span class="pp-class-382 pa t60444 l60455 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60444 l60456 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60444 l60457 ls3278 wtro3159 wtr1724 tro3160 tr1725">form </span><span class="pp-class-382 pa t60444 l60458 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60444 l60459 ls869 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60460 l3 ls11245 wtro3159 wtr1724 tro3160 tr1725">transferred, </span><span class="pp-class-382 pa t60460 l60461 ls1118 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60460 l60462 ls2694 wtro3159 wtr1724 tro3160 tr1725">assumed, </span><span class="pp-class-382 pa t60460 l60463 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60460 l60464 ls2486 wtro3159 wtr1724 tro3160 tr1725">equity </span><span class="pp-class-382 pa t60460 l60465 ls806 wtro3159 wtr1724 tro3160 tr1725">instruments </span><span class="pp-class-382 pa t60460 l60466 ls2486 wtro3159 wtr1724 tro3160 tr1725">issued </span><span class="pp-class-382 pa t60460 l60467 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60460 l60468 ls3190 wtro3159 wtr1724 tro3160 tr1725">seller. </span><span class="pp-class-382 pa t60460 l60469 ls1080 wtro3159 wtr1724 tro3160 tr1725">If </span><span class="pp-class-382 pa t60460 l60470 ls658 wtro3159 wtr1724 tro3160 tr1725">part </span><span class="pp-class-382 pa t60460 l60471 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60460 l60472 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60460 l49224 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60460 l60473 ls278 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60474 l3 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60474 l60475 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60474 l29310 ls1083 wtro3159 wtr1724 tro3160 tr1725">future </span><span class="pp-class-382 pa t60474 l60476 ls7094 wtro3159 wtr1724 tro3160 tr1725">events </span><span class="pp-class-382 pa t60474 l60477 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60474 l13774 ls2113 wtro3159 wtr1724 tro3160 tr1725">fulfilment </span><span class="pp-class-382 pa t60474 l30234 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60474 l31309 ls2531 wtro3159 wtr1724 tro3160 tr1725">agreed </span><span class="pp-class-382 pa t60474 l60478 ls1118 wtro3159 wtr1724 tro3160 tr1725">conditions, </span><span class="pp-class-382 pa t60474 l60479 ls1323 wtro3159 wtr1724 tro3160 tr1725">this </span><span class="pp-class-382 pa t60474 l60480 ls658 wtro3159 wtr1724 tro3160 tr1725">part </span><span class="pp-class-382 pa t60474 l60481 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60474 l60482 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60474 l60483 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60474 l60484 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60474 l60485 ls2784 wtro3159 wtr1724 tro3160 tr1725">recog-</span><span class="pp-class-382 pa t60486 l3 ls1759 wtro3159 wtr1724 tro3160 tr1725">nised </span><span class="pp-class-382 pa t60486 l60487 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60486 l60488 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60486 l60489 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60486 l48166 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60486 l60490 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60486 l48972 ls852 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60486 l60491 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60486 l34181 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition. </span><span class="pp-class-382 pa t60486 l60492 ls1759 wtro3159 wtr1724 tro3160 tr1725">Costs </span><span class="pp-class-382 pa t60486 l60493 ls1148 wtro3159 wtr1724 tro3160 tr1725">attributable </span><span class="pp-class-382 pa t60486 l60494 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60486 l60495 ls2694 wtro3159 wtr1724 tro3160 tr1725">business </span><span class="pp-class-382 pa t60486 l60496 ls2113 wtro3159 wtr1724 tro3160 tr1725">combinations </span><span class="pp-class-382 pa t60486 l60497 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60486 l60498 ls2113 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60499 l3 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60499 l11390 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60499 l60500 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60499 l60501 ls2486 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t60499 l60502 ls1150 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t60499 l60503 ls1323 wtro3159 wtr1724 tro3160 tr1725">when </span><span class="pp-class-382 pa t60499 l60504 ls960 wtro3159 wtr1724 tro3160 tr1725">incurred. </span><span class="pp-class-382 pa t60499 l60505 ls20054 wtro3159 wtr1724 tro3160 tr1725">If, </span><span class="pp-class-382 pa t60499 l60506 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60499 l60507 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60499 l60508 ls2688 wtro3159 wtr1724 tro3160 tr1725">date, </span><span class="pp-class-382 pa t60499 l60509 ls1237 wtro3159 wtr1724 tro3160 tr1725">uncertainty </span><span class="pp-class-382 pa t60499 l60510 ls2784 wtro3159 wtr1724 tro3160 tr1725">exist </span><span class="pp-class-382 pa t60499 l60511 ls2145 wtro3159 wtr1724 tro3160 tr1725">regarding </span><span class="pp-class-382 pa t60499 l60512 ls302 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60513 l3 ls5039 wtro3159 wtr1724 tro3160 tr1725">identification </span><span class="pp-class-382 pa t60513 l60514 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60513 l56753 ls960 wtro3159 wtr1724 tro3160 tr1725">measurement </span><span class="pp-class-382 pa t60513 l60515 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60513 l60516 ls1316 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60513 l39793 ls3474 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t60513 l60517 ls1118 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60513 l60518 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60513 l60519 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60513 l60520 ls830 wtro3159 wtr1724 tro3160 tr1725">liabilities, </span><span class="pp-class-382 pa t60513 l60521 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60513 l60522 ls688 wtro3159 wtr1724 tro3160 tr1725">determination </span><span class="pp-class-382 pa t60523 l3 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60523 l60524 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60523 l60525 ls8853 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60523 l60526 ls1701 wtro3159 wtr1724 tro3160 tr1725">price, </span><span class="pp-class-382 pa t60523 l60527 ls1237 wtro3159 wtr1724 tro3160 tr1725">initial </span><span class="pp-class-382 pa t60523 l60528 ls2142 wtro3159 wtr1724 tro3160 tr1725">recognition </span><span class="pp-class-382 pa t60523 l60529 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60523 l60530 ls960 wtro3159 wtr1724 tro3160 tr1725">measurement </span><span class="pp-class-382 pa t60523 l60531 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60523 l46816 ls1323 wtro3159 wtr1724 tro3160 tr1725">done </span><span class="pp-class-382 pa t60523 l60532 ls1759 wtro3159 wtr1724 tro3160 tr1725">based </span><span class="pp-class-382 pa t60523 l60533 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60523 l60534 ls53 wtro3159 wtr1724 tro3160 tr1725">preliminary </span><span class="pp-class-382 pa t60523 l60535 ls8853 wtro3159 wtr1724 tro3160 tr1725">values. </span><span class="pp-class-382 pa t60523 l60536 ls302 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60537 l3 ls53 wtro3159 wtr1724 tro3160 tr1725">preliminary </span><span class="pp-class-382 pa t60537 l7289 ls1150 wtro3159 wtr1724 tro3160 tr1725">values </span><span class="pp-class-382 pa t60537 l60538 ls2944 wtro3159 wtr1724 tro3160 tr1725">may </span><span class="pp-class-382 pa t60537 l60539 ls1080 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t60537 l60540 ls2113 wtro3159 wtr1724 tro3160 tr1725">adjusted </span><span class="pp-class-382 pa t60537 l60541 ls1305 wtro3159 wtr1724 tro3160 tr1725">until </span><span class="pp-class-382 pa t60537 l60542 ls1080 wtro3159 wtr1724 tro3160 tr1725">12 </span><span class="pp-class-382 pa t60537 l60543 ls1073 wtro3159 wtr1724 tro3160 tr1725">months </span><span class="pp-class-382 pa t60537 l60544 ls1243 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t60537 l60545 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60537 l60546 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60537 l60547 ls2688 wtro3159 wtr1724 tro3160 tr1725">date, </span><span class="pp-class-382 pa t60537 l60548 ls3377 wtro3159 wtr1724 tro3160 tr1725">provided </span><span class="pp-class-382 pa t60537 l60549 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60537 l60550 ls1237 wtro3159 wtr1724 tro3160 tr1725">initial </span><span class="pp-class-382 pa t60537 l60551 ls2784 wtro3159 wtr1724 tro3160 tr1725">recog-</span><span class="pp-class-382 pa t60552 l3 ls2486 wtro3159 wtr1724 tro3160 tr1725">nition </span><span class="pp-class-382 pa t60552 l60553 ls1150 wtro3159 wtr1724 tro3160 tr1725">was </span><span class="pp-class-382 pa t60552 l60554 ls53 wtro3159 wtr1724 tro3160 tr1725">preliminary </span><span class="pp-class-382 pa t60552 l60555 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60552 l60556 ls2970 wtro3159 wtr1724 tro3160 tr1725">incorrect. </span><span class="pp-class-382 pa t60552 l60557 ls1237 wtro3159 wtr1724 tro3160 tr1725">Changes </span><span class="pp-class-382 pa t60552 l60558 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60552 l60559 ls3105 wtro3159 wtr1724 tro3160 tr1725">estimates </span><span class="pp-class-382 pa t60552 l60560 ls2145 wtro3159 wtr1724 tro3160 tr1725">regarding </span><span class="pp-class-382 pa t60552 l60561 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60552 l60562 ls1868 wtro3159 wtr1724 tro3160 tr1725">considerations </span><span class="pp-class-382 pa t60552 l60563 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60552 l60564 ls296 wtro3159 wtr1724 tro3160 tr1725">rec-</span><span class="pp-class-382 pa t60565 l3 ls1237 wtro3159 wtr1724 tro3160 tr1725">ognised </span><span class="pp-class-382 pa t60565 l60566 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60565 l60567 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60565 l27458 ls2486 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t60565 l60568 ls1150 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t60565 l60569 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60565 l5628 ls1073 wtro3159 wtr1724 tro3160 tr1725">financial </span><span class="pp-class-382 pa t60565 l60570 ls58 wtro3159 wtr1724 tro3160 tr1725">items. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60571 l3 ls1150 wtro3159 wtr1724 tro3160 tr1725">Incremental </span><span class="pp-class-382 pa t60571 l60572 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisitions </span><span class="pp-class-382 pa t60571 l60573 ls2842 wtro3159 wtr1724 tro3160 tr1725">after </span><span class="pp-class-382 pa t60571 l60574 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60571 l60575 ls185 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t60571 l60576 ls1323 wtro3159 wtr1724 tro3160 tr1725">been </span><span class="pp-class-382 pa t60571 l60577 ls3278 wtro3159 wtr1724 tro3160 tr1725">obtained, </span><span class="pp-class-382 pa t60571 l60578 ls2142 wtro3159 wtr1724 tro3160 tr1725">i.e., </span><span class="pp-class-382 pa t60571 l60579 ls8853 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60571 l60580 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60571 l44415 ls2694 wtro3159 wtr1724 tro3160 tr1725">minority </span><span class="pp-class-382 pa t60571 l60581 ls1148 wtro3159 wtr1724 tro3160 tr1725">interests, </span><span class="pp-class-382 pa t60571 l60582 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60571 l48501 ls296 wtro3159 wtr1724 tro3160 tr1725">rec-</span><span class="pp-class-382 pa t60583 l3 ls1237 wtro3159 wtr1724 tro3160 tr1725">ognised </span><span class="pp-class-382 pa t60583 l60566 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60583 l60584 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60583 l60585 ls1057 wtro3159 wtr1724 tro3160 tr1725">equity. </span><span class="pp-class-382 pa t60583 l60586 ls2694 wtro3159 wtr1724 tro3160 tr1725">Disposal </span><span class="pp-class-382 pa t60583 l60587 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60583 l60588 ls2694 wtro3159 wtr1724 tro3160 tr1725">minority </span><span class="pp-class-382 pa t60583 l60589 ls852 wtro3159 wtr1724 tro3160 tr1725">interests </span><span class="pp-class-382 pa t60583 l35488 ls830 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t60583 l60590 ls2944 wtro3159 wtr1724 tro3160 tr1725">resulting </span><span class="pp-class-382 pa t60583 l60591 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60583 l60592 ls1323 wtro3159 wtr1724 tro3160 tr1725">loss </span><span class="pp-class-382 pa t60583 l60593 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60583 l60594 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60583 l60595 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60583 l60596 ls1243 wtro3159 wtr1724 tro3160 tr1725">likewise </span><span class="pp-class-382 pa t60583 l60597 ls2784 wtro3159 wtr1724 tro3160 tr1725">recog-</span><span class="pp-class-382 pa t60598 l3 ls1759 wtro3159 wtr1724 tro3160 tr1725">nised </span><span class="pp-class-382 pa t60598 l60599 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60598 l60600 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60598 l13184 ls1057 wtro3159 wtr1724 tro3160 tr1725">equity. </span><span class="pp-class-382 pa t60598 l60601 ls1759 wtro3159 wtr1724 tro3160 tr1725">Gains </span><span class="pp-class-382 pa t60598 l60602 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60598 l60603 ls2486 wtro3159 wtr1724 tro3160 tr1725">losses </span><span class="pp-class-382 pa t60598 l60604 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60598 l60605 ls2694 wtro3159 wtr1724 tro3160 tr1725">disposal </span><span class="pp-class-382 pa t60598 l60606 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60598 l60607 ls1319 wtro3159 wtr1724 tro3160 tr1725">subsidiaries, </span><span class="pp-class-382 pa t60598 l60608 ls803 wtro3159 wtr1724 tro3160 tr1725">associates </span><span class="pp-class-382 pa t60598 l60609 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60598 l60610 ls1305 wtro3159 wtr1724 tro3160 tr1725">joint </span><span class="pp-class-382 pa t60598 l60611 ls11245 wtro3159 wtr1724 tro3160 tr1725">ventures </span><span class="pp-class-382 pa t60598 l60612 ls2970 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60613 l3 ls803 wtro3159 wtr1724 tro3160 tr1725">calculated </span><span class="pp-class-382 pa t60613 l60614 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60613 l19073 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60613 l60615 ls1974 wtro3159 wtr1724 tro3160 tr1725">difference </span><span class="pp-class-382 pa t60613 l16324 ls1244 wtro3159 wtr1724 tro3160 tr1725">between </span><span class="pp-class-382 pa t60613 l60616 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60613 l60617 ls2694 wtro3159 wtr1724 tro3160 tr1725">disposal </span><span class="pp-class-382 pa t60613 l60618 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60613 l60619 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60613 l60620 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60613 l60621 ls1323 wtro3159 wtr1724 tro3160 tr1725">book </span><span class="pp-class-382 pa t60613 l60622 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60613 l60623 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60613 l60624 ls830 wtro3159 wtr1724 tro3160 tr1725">net </span><span class="pp-class-382 pa t60613 l60625 ls238 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60613 l60626 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60613 l60627 ls302 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60628 l3 ls852 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60628 l60629 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60628 l60630 ls1073 wtro3159 wtr1724 tro3160 tr1725">disposal, </span><span class="pp-class-382 pa t60628 l60631 ls3474 wtro3159 wtr1724 tro3160 tr1725">including </span><span class="pp-class-382 pa t60628 l60632 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60628 l5423 ls1323 wtro3159 wtr1724 tro3160 tr1725">book </span><span class="pp-class-382 pa t60628 l19511 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60628 l60633 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60628 l60634 ls1073 wtro3159 wtr1724 tro3160 tr1725">goodwill, </span><span class="pp-class-382 pa t60628 l60635 ls1244 wtro3159 wtr1724 tro3160 tr1725">accumulated </span><span class="pp-class-382 pa t60628 l60636 ls3435 wtro3159 wtr1724 tro3160 tr1725">exchange </span><span class="pp-class-382 pa t60628 l60637 ls1759 wtro3159 wtr1724 tro3160 tr1725">gains </span><span class="pp-class-382 pa t60628 l60638 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60628 l60639 ls2486 wtro3159 wtr1724 tro3160 tr1725">losses </span><span class="pp-class-382 pa t60628 l60640 ls7858 wtro3159 wtr1724 tro3160 tr1725">previ-</span><span class="pp-class-382 pa t60641 l3 ls7094 wtro3159 wtr1724 tro3160 tr1725">ously </span><span class="pp-class-382 pa t60641 l60642 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60641 l60643 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60641 l60644 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60641 l60645 ls2486 wtro3159 wtr1724 tro3160 tr1725">equity </span><span class="pp-class-382 pa t60641 l60646 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60641 l60647 ls960 wtro3159 wtr1724 tro3160 tr1725">well </span><span class="pp-class-382 pa t60641 l60648 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60641 l44905 ls3105 wtro3159 wtr1724 tro3160 tr1725">anticipated </span><span class="pp-class-382 pa t60641 l60649 ls2694 wtro3159 wtr1724 tro3160 tr1725">disposal </span><span class="pp-class-382 pa t60641 l60650 ls2486 wtro3159 wtr1724 tro3160 tr1725">costs. </span><span class="pp-class-382 pa t60641 l60651 ls8853 wtro3159 wtr1724 tro3160 tr1725">Exchange </span><span class="pp-class-382 pa t60641 l60652 ls3216 wtro3159 wtr1724 tro3160 tr1725">rate </span><span class="pp-class-382 pa t60641 l60653 ls3278 wtro3159 wtr1724 tro3160 tr1725">adjustments </span><span class="pp-class-382 pa t60641 l53371 ls5039 wtro3159 wtr1724 tro3160 tr1725">attrib-</span><span class="pp-class-382 pa t60654 l3 ls1319 wtro3159 wtr1724 tro3160 tr1725">utable </span><span class="pp-class-382 pa t60654 l60655 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60654 l60656 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60654 l60657 ls1015 wtro3159 wtr1724 tro3160 tr1725">Group’s </span><span class="pp-class-382 pa t60654 l60658 ls1101 wtro3159 wtr1724 tro3160 tr1725">ownership </span><span class="pp-class-382 pa t60654 l60659 ls2854 wtro3159 wtr1724 tro3160 tr1725">interest, </span><span class="pp-class-382 pa t60654 l60660 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60654 l60661 ls1759 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60654 l60662 ls2769 wtro3159 wtr1724 tro3160 tr1725">previously </span><span class="pp-class-382 pa t60654 l60663 ls2848 wtro3159 wtr1724 tro3160 tr1725">were </span><span class="pp-class-382 pa t60654 l60664 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60654 l60665 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60654 l60666 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60654 l60667 ls1057 wtro3159 wtr1724 tro3160 tr1725">equity, </span><span class="pp-class-382 pa t60654 l60668 ls2970 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60669 l3 ls238 wtro3159 wtr1724 tro3160 tr1725">included </span><span class="pp-class-382 pa t60669 l60670 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60669 l9442 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60669 l60671 ls688 wtro3159 wtr1724 tro3160 tr1725">calculation </span><span class="pp-class-382 pa t60669 l60672 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60669 l44054 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60669 l60673 ls1759 wtro3159 wtr1724 tro3160 tr1725">gain/ </span><span class="pp-class-382 pa t60669 l60674 ls1759 wtro3159 wtr1724 tro3160 tr1725">loss. </span><span class="pp-class-382 pa t60669 l60675 ls3278 wtro3159 wtr1724 tro3160 tr1725">Any </span><span class="pp-class-382 pa t60669 l60676 ls828 wtro3159 wtr1724 tro3160 tr1725">retained </span><span class="pp-class-382 pa t60669 l60677 ls238 wtro3159 wtr1724 tro3160 tr1725">participating </span><span class="pp-class-382 pa t60669 l60678 ls852 wtro3159 wtr1724 tro3160 tr1725">interests </span><span class="pp-class-382 pa t60669 l60679 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60669 l60680 ls8853 wtro3159 wtr1724 tro3160 tr1725">measured </span><span class="pp-class-382 pa t60669 l60681 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60669 l60682 ls1080 wtro3159 wtr1724 tro3160 tr1725">their </span><span class="pp-class-382 pa t60683 l3 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60683 l60684 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60683 l60685 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60683 l39014 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60683 l311 ls1323 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t60683 l60686 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60683 l60687 ls1759 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60683 l60688 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60683 l60689 ls960 wtro3159 wtr1724 tro3160 tr1725">controlling </span><span class="pp-class-382 pa t60683 l60690 ls1859 wtro3159 wtr1724 tro3160 tr1725">influence </span><span class="pp-class-382 pa t60683 l60691 ls1150 wtro3159 wtr1724 tro3160 tr1725">was </span><span class="pp-class-382 pa t60683 l60692 ls1733 wtro3159 wtr1724 tro3160 tr1725">lost.</span></p> <span class="pp-class-386 pa t640 l29791 ls241" xmlns="http://www.w3.org/1999/xhtml">Accounting </span><span class="pp-class-386 pa t640 l29792" xmlns="http://www.w3.org/1999/xhtml">policies</span><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60182 l3 ls21295 wtro3159 wtr9936 tro3160 tr9937">Enterprises </span><span class="pp-class-382 pa t60182 l2533 ls3006 wtro3159 wtr9936 tro3160 tr9937">acquired </span><span class="pp-class-382 pa t60182 l60183 ls2459 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t60182 l60184 ls1952 wtro3159 wtr9936 tro3160 tr9937">formed </span><span class="pp-class-382 pa t60182 l60185 ls1734 wtro3159 wtr9936 tro3160 tr9937">during </span><span class="pp-class-382 pa t60182 l7908 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60182 l60186 ls1736 wtro3159 wtr9936 tro3160 tr9937">year </span><span class="pp-class-382 pa t60182 l60187 ls20054 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t60182 l60188 ls7996 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t60182 l60189 ls2459 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t60182 l60190 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60182 l60191 ls18761 wtro3159 wtr9936 tro3160 tr9937">consolidated </span><span class="pp-class-382 pa t60182 l60192 ls9272 wtro3159 wtr9936 tro3160 tr9937">financial </span><span class="pp-class-382 pa t60182 l60193 ls37002 wtro3159 wtr9936 tro3160 tr9937">statements </span><span class="pp-class-382 pa t60182 l60194 ls712 wtro3159 wtr9936 tro3160 tr9937">from </span><span class="pp-class-382 pa t60195 l3 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60195 l60196 ls15037 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t60195 l60197 ls7858 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t60195 l60198 ls4765 wtro3159 wtr9936 tro3160 tr9937">acquisition </span><span class="pp-class-382 pa t60195 l18370 ls2459 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t60195 l60199 ls17063 wtro3159 wtr9936 tro3160 tr9937">formation. </span><span class="pp-class-382 pa t60195 l60200 ls21295 wtro3159 wtr9936 tro3160 tr9937">Enterprises </span><span class="pp-class-382 pa t60195 l60201 ls16981 wtro3159 wtr9936 tro3160 tr9937">disposed </span><span class="pp-class-382 pa t60195 l21004 ls20054 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t60195 l60202 ls7996 wtro3159 wtr9936 tro3160 tr9937">recognised </span><span class="pp-class-382 pa t60195 l60203 ls2459 wtro3159 wtr9936 tro3160 tr9937">in </span><span class="pp-class-382 pa t60195 l60204 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60195 l60205 ls18761 wtro3159 wtr9936 tro3160 tr9937">consolidated </span><span class="pp-class-382 pa t60195 l60206 ls9272 wtro3159 wtr9936 tro3160 tr9937">financial </span><span class="pp-class-382 pa t60195 l60207 ls9272 wtro3159 wtr9936 tro3160 tr9937">state-</span><span class="pp-class-382 pa t60208 l3 ls1734 wtro3159 wtr9936 tro3160 tr9937">ments </span><span class="pp-class-382 pa t60208 l60209 ls1734 wtro3159 wtr9936 tro3160 tr9937">until </span><span class="pp-class-382 pa t60208 l60210 ls1057 wtro3159 wtr9936 tro3160 tr9937">the </span><span class="pp-class-382 pa t60208 l60211 ls15037 wtro3159 wtr9936 tro3160 tr9937">date </span><span class="pp-class-382 pa t60208 l60212 ls7858 wtro3159 wtr9936 tro3160 tr9937">of </span><span class="pp-class-382 pa t60208 l60213 ls9272 wtro3159 wtr9936 tro3160 tr9937">disposal. </span><span class="pp-class-382 pa t60208 l48358 ls1057 wtro3159 wtr9936 tro3160 tr9937">The </span><span class="pp-class-382 pa t60208 l60214 ls60215 wtro3159 wtr9936 tro3160 tr9937">comparative </span><span class="pp-class-382 pa t60208 l60216 ls3162 wtro3159 wtr9936 tro3160 tr9937">figures </span><span class="pp-class-382 pa t60208 l40281 ls20054 wtro3159 wtr9936 tro3160 tr9937">are </span><span class="pp-class-382 pa t60208 l60217 ls712 wtro3159 wtr9936 tro3160 tr9937">not </span><span class="pp-class-382 pa t60208 l60218 ls721 wtro3159 wtr9936 tro3160 tr9937">adjusted </span><span class="pp-class-382 pa t60208 l60219 ls2805 wtro3159 wtr9936 tro3160 tr9937">for </span><span class="pp-class-382 pa t60208 l60220 ls1736 wtro3159 wtr9936 tro3160 tr9937">acquisitions </span><span class="pp-class-382 pa t60208 l60221 ls2459 wtro3159 wtr9936 tro3160 tr9937">or </span><span class="pp-class-382 pa t60208 l60222 ls9272 wtro3159 wtr9936 tro3160 tr9937">disposals.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60223 l3 ls2694 wtro3159 wtr1724 tro3160 tr1725">Business </span><span class="pp-class-382 pa t60223 l60224 ls2113 wtro3159 wtr1724 tro3160 tr1725">combinations </span><span class="pp-class-382 pa t60223 l28661 ls2784 wtro3159 wtr1724 tro3160 tr1725">where </span><span class="pp-class-382 pa t60223 l60225 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60223 l60226 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60223 l60227 ls3278 wtro3159 wtr1724 tro3160 tr1725">obtained </span><span class="pp-class-382 pa t60223 l49828 ls2784 wtro3159 wtr1724 tro3160 tr1725">by </span><span class="pp-class-382 pa t60223 l60228 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60223 l60229 ls2784 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-382 pa t60223 l60230 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60223 l60231 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60223 l60232 ls1759 wtro3159 wtr1724 tro3160 tr1725">using </span><span class="pp-class-382 pa t60223 l60233 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60223 l60234 ls1118 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60235 l3 ls3474 wtro3159 wtr1724 tro3160 tr1725">method. </span><span class="pp-class-382 pa t60235 l60236 ls858 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60235 l60237 ls296 wtro3159 wtr1724 tro3160 tr1725">identifiable </span><span class="pp-class-382 pa t60235 l60238 ls3474 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t60235 l60239 ls830 wtro3159 wtr1724 tro3160 tr1725">liabilities, </span><span class="pp-class-382 pa t60235 l60240 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60235 l60241 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60235 l60242 ls1118 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60235 l60243 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60235 l60244 ls15062 wtro3159 wtr1724 tro3160 tr1725">newly </span><span class="pp-class-382 pa t60235 l60245 ls1316 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60235 l60246 ls1701 wtro3159 wtr1724 tro3160 tr1725">enterprises </span><span class="pp-class-382 pa t60235 l60247 ls2970 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60248 l3 ls2694 wtro3159 wtr1724 tro3160 tr1725">assessed </span><span class="pp-class-382 pa t60248 l60249 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60248 l60250 ls1759 wtro3159 wtr1724 tro3160 tr1725">their </span><span class="pp-class-382 pa t60248 l60251 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60248 l60252 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60248 l60253 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60248 l19941 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60248 l60254 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60248 l60255 ls2688 wtro3159 wtr1724 tro3160 tr1725">date. </span><span class="pp-class-382 pa t60248 l60256 ls296 wtro3159 wtr1724 tro3160 tr1725">Identifiable </span><span class="pp-class-382 pa t60248 l60257 ls1701 wtro3159 wtr1724 tro3160 tr1725">intangible </span><span class="pp-class-382 pa t60248 l60258 ls238 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60248 l60259 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60248 l60260 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60248 l60261 ls1080 wtro3159 wtr1724 tro3160 tr1725">if </span><span class="pp-class-382 pa t60248 l10620 ls3474 wtro3159 wtr1724 tro3160 tr1725">they </span><span class="pp-class-382 pa t60262 l3 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60262 l60263 ls960 wtro3159 wtr1724 tro3160 tr1725">separable </span><span class="pp-class-382 pa t60262 l60264 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60262 l60265 ls1759 wtro3159 wtr1724 tro3160 tr1725">arise </span><span class="pp-class-382 pa t60262 l60266 ls1243 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t60262 l60267 ls302 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t60262 l60268 ls4305 wtro3159 wtr1724 tro3160 tr1725">contractual </span><span class="pp-class-382 pa t60262 l22438 ls1323 wtro3159 wtr1724 tro3160 tr1725">right. </span><span class="pp-class-382 pa t60262 l60269 ls828 wtro3159 wtr1724 tro3160 tr1725">Deferred </span><span class="pp-class-382 pa t60262 l60270 ls1237 wtro3159 wtr1724 tro3160 tr1725">tax </span><span class="pp-class-382 pa t60262 l60271 ls3458 wtro3159 wtr1724 tro3160 tr1725">related </span><span class="pp-class-382 pa t60262 l60272 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60262 l60273 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60262 l60274 ls185 wtro3159 wtr1724 tro3160 tr1725">revaluations </span><span class="pp-class-382 pa t60262 l60275 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60262 l60276 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60277 l3 ls3105 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60277 l60278 ls2401 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60277 l60279 ls1535 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60277 l60280 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60277 l60281 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60277 l60282 ls1535 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60277 l60283 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60277 l60284 ls3623 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60277 l60285 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60277 l13536 ls6791 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-382 pa t60277 l60286 ls2401 wtro3159 wtr1724 tro3160 tr1725">obtains </span><span class="pp-class-382 pa t60277 l60287 ls2459 wtro3159 wtr1724 tro3160 tr1725">actual </span><span class="pp-class-382 pa t60277 l60288 ls2848 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60277 l60289 ls719 wtro3159 wtr1724 tro3160 tr1725">over </span><span class="pp-class-382 pa t60277 l33632 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60277 l60290 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60277 l60291 ls4279 wtro3159 wtr1724 tro3160 tr1725">enterprise. </span><span class="pp-class-382 pa t60292 l3 ls3230 wtro3159 wtr1724 tro3160 tr1725">Positive </span><span class="pp-class-382 pa t60292 l60293 ls6791 wtro3159 wtr1724 tro3160 tr1725">differences </span><span class="pp-class-382 pa t60292 l60294 ls3382 wtro3159 wtr1724 tro3160 tr1725">(goodwill) </span><span class="pp-class-382 pa t60292 l60295 ls2132 wtro3159 wtr1724 tro3160 tr1725">between, </span><span class="pp-class-382 pa t60292 l60296 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60292 l60297 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60292 l60298 ls3105 wtro3159 wtr1724 tro3160 tr1725">one </span><span class="pp-class-382 pa t60292 l54732 ls3623 wtro3159 wtr1724 tro3160 tr1725">hand, </span><span class="pp-class-382 pa t60292 l60299 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60292 l60300 ls4652 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60292 l60301 ls7094 wtro3159 wtr1724 tro3160 tr1725">price, </span><span class="pp-class-382 pa t60292 l60302 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60292 l60303 ls2143 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60292 l60304 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60292 l60305 ls2760 wtro3159 wtr1724 tro3160 tr1725">minority </span><span class="pp-class-382 pa t60292 l60306 ls11799 wtro3159 wtr1724 tro3160 tr1725">inter-</span><span class="pp-class-382 pa t60307 l3 ls1150 wtro3159 wtr1724 tro3160 tr1725">ests </span><span class="pp-class-382 pa t60307 l60308 ls1772 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60307 l60309 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60307 l60310 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60307 l16203 ls864 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60307 l60311 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60307 l60312 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60307 l60313 ls2145 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60307 l60314 ls2143 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60307 l50623 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60307 l60315 ls800 wtro3159 wtr1724 tro3160 tr1725">any </span><span class="pp-class-382 pa t60307 l60316 ls4343 wtro3159 wtr1724 tro3160 tr1725">previously </span><span class="pp-class-382 pa t60307 l60317 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60307 l60318 ls185 wtro3159 wtr1724 tro3160 tr1725">shareholdings, </span><span class="pp-class-382 pa t60307 l60319 ls1150 wtro3159 wtr1724 tro3160 tr1725">and, </span><span class="pp-class-382 pa t60307 l44514 ls1772 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60307 l60320 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60321 l3 ls2531 wtro3159 wtr1724 tro3160 tr1725">other </span><span class="pp-class-382 pa t60321 l60322 ls3623 wtro3159 wtr1724 tro3160 tr1725">hand, </span><span class="pp-class-382 pa t60321 l60323 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60321 l60324 ls2145 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60321 l60325 ls2143 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60321 l60326 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60321 l60327 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60321 l60328 ls11558 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60321 l9919 ls11245 wtro3159 wtr1724 tro3160 tr1725">identifiable </span><span class="pp-class-382 pa t60321 l60329 ls800 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t60321 l20840 ls3377 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60321 l60330 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60321 l60331 ls7094 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60321 l60332 ls3377 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60321 l60333 ls3184 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60321 l60334 ls1243 wtro3159 wtr1724 tro3160 tr1725">rec-</span><span class="pp-class-382 pa t60335 l3 ls1194 wtro3159 wtr1724 tro3160 tr1725">ognised </span><span class="pp-class-382 pa t60335 l60336 ls1772 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60335 l60337 ls2760 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t60335 l60338 ls1974 wtro3159 wtr1724 tro3160 tr1725">under </span><span class="pp-class-382 pa t60335 l60339 ls3630 wtro3159 wtr1724 tro3160 tr1725">non-current </span><span class="pp-class-382 pa t60335 l60340 ls864 wtro3159 wtr1724 tro3160 tr1725">intangible </span><span class="pp-class-382 pa t60335 l16948 ls800 wtro3159 wtr1724 tro3160 tr1725">assets. </span><span class="pp-class-382 pa t60335 l41760 ls2760 wtro3159 wtr1724 tro3160 tr1725">Goodwill </span><span class="pp-class-382 pa t60335 l60341 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60335 l60342 ls4305 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t60335 l60343 ls1868 wtro3159 wtr1724 tro3160 tr1725">amortised </span><span class="pp-class-382 pa t60335 l60344 ls3105 wtro3159 wtr1724 tro3160 tr1725">but </span><span class="pp-class-382 pa t60335 l60345 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60335 l60346 ls646 wtro3159 wtr1724 tro3160 tr1725">tested </span><span class="pp-class-382 pa t60335 l60347 ls1945 wtro3159 wtr1724 tro3160 tr1725">annually </span><span class="pp-class-382 pa t60348 l3 ls800 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t60348 l60349 ls1463 wtro3159 wtr1724 tro3160 tr1725">impairment. </span><span class="pp-class-382 pa t60348 l60350 ls3105 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60348 l60351 ls1974 wtro3159 wtr1724 tro3160 tr1725">first </span><span class="pp-class-382 pa t60348 l60352 ls4279 wtro3159 wtr1724 tro3160 tr1725">impairment </span><span class="pp-class-382 pa t60348 l60353 ls4305 wtro3159 wtr1724 tro3160 tr1725">test </span><span class="pp-class-382 pa t60348 l60354 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60348 l60355 ls2401 wtro3159 wtr1724 tro3160 tr1725">performed </span><span class="pp-class-382 pa t60348 l60356 ls2147 wtro3159 wtr1724 tro3160 tr1725">before </span><span class="pp-class-382 pa t60348 l60357 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60348 l60358 ls3105 wtro3159 wtr1724 tro3160 tr1725">end </span><span class="pp-class-382 pa t60348 l60359 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60348 l60360 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60348 l60361 ls2401 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60348 l60362 ls25707 wtro3159 wtr1724 tro3160 tr1725">year. </span><span class="pp-class-382 pa t60348 l60363 ls1150 wtro3159 wtr1724 tro3160 tr1725">Upon </span><span class="pp-class-382 pa t60348 l60364 ls7094 wtro3159 wtr1724 tro3160 tr1725">acqui-</span><span class="pp-class-382 pa t60365 l3 ls1194 wtro3159 wtr1724 tro3160 tr1725">sition, </span><span class="pp-class-382 pa t60365 l60366 ls2760 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t60365 l60367 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60365 l60368 ls7858 wtro3159 wtr1724 tro3160 tr1725">allocated </span><span class="pp-class-382 pa t60365 l60369 ls2854 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60365 l39692 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60365 l34886 ls2851 wtro3159 wtr1724 tro3160 tr1725">cash-generating </span><span class="pp-class-382 pa t60365 l60370 ls2787 wtro3159 wtr1724 tro3160 tr1725">units, </span><span class="pp-class-382 pa t60365 l60371 ls1974 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60365 l60372 ls2848 wtro3159 wtr1724 tro3160 tr1725">subsequently </span><span class="pp-class-382 pa t60365 l60373 ls2145 wtro3159 wtr1724 tro3160 tr1725">form </span><span class="pp-class-382 pa t60365 l60374 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60365 l60375 ls1974 wtro3159 wtr1724 tro3160 tr1725">basis </span><span class="pp-class-382 pa t60365 l60376 ls800 wtro3159 wtr1724 tro3160 tr1725">for </span><span class="pp-class-382 pa t60365 l60377 ls3105 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60365 l60378 ls1772 wtro3159 wtr1724 tro3160 tr1725">im-</span><span class="pp-class-382 pa t60379 l3 ls2531 wtro3159 wtr1724 tro3160 tr1725">pairment </span><span class="pp-class-382 pa t60379 l60380 ls1148 wtro3159 wtr1724 tro3160 tr1725">test. </span><span class="pp-class-382 pa t60379 l60381 ls7752 wtro3159 wtr1724 tro3160 tr1725">Allocation </span><span class="pp-class-382 pa t60379 l60382 ls53 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60379 l60383 ls2760 wtro3159 wtr1724 tro3160 tr1725">goodwill </span><span class="pp-class-382 pa t60379 l60384 ls2854 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60379 l60385 ls2851 wtro3159 wtr1724 tro3160 tr1725">cash-generating </span><span class="pp-class-382 pa t60379 l60386 ls1974 wtro3159 wtr1724 tro3160 tr1725">units </span><span class="pp-class-382 pa t60379 l60387 ls1772 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60379 l60388 ls2149 wtro3159 wtr1724 tro3160 tr1725">described </span><span class="pp-class-382 pa t60379 l60389 ls1772 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60379 l60390 ls7096 wtro3159 wtr1724 tro3160 tr1725">notes </span><span class="pp-class-382 pa t60379 l60391 ls2147 wtro3159 wtr1724 tro3160 tr1725">3.1.1 </span><span class="pp-class-382 pa t60379 l60392 ls3105 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60379 l60393 ls3387 wtro3159 wtr1724 tro3160 tr1725">3.1.4.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60394 l3 ls124 wtro3159 wtr1724 tro3160 tr1725">Goodwill </span><span class="pp-class-382 pa t60394 l60395 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60394 l60396 ls34 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60394 l13766 ls869 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60394 l60397 ls2835 wtro3159 wtr1724 tro3160 tr1725">adjustments </span><span class="pp-class-382 pa t60394 l60398 ls278 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60394 l60399 ls246 wtro3159 wtr1724 tro3160 tr1725">connection </span><span class="pp-class-382 pa t60394 l60400 ls16 wtro3159 wtr1724 tro3160 tr1725">with </span><span class="pp-class-382 pa t60394 l60401 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60394 l60402 ls658 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60394 l60403 ls134 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60394 l60389 ls332 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t60394 l20821 ls1073 wtro3159 wtr1724 tro3160 tr1725">foreign </span><span class="pp-class-382 pa t60394 l60404 ls2482 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60394 l60405 ls16 wtro3159 wtr1724 tro3160 tr1725">with </span><span class="pp-class-382 pa t60394 l60406 ls76 wtro3159 wtr1724 tro3160 tr1725">a </span><span class="pp-class-382 pa t60394 l60407 ls8853 wtro3159 wtr1724 tro3160 tr1725">dif-</span><span class="pp-class-382 pa t60408 l3 ls1772 wtro3159 wtr1724 tro3160 tr1725">ferent </span><span class="pp-class-382 pa t60408 l60409 ls246 wtro3159 wtr1724 tro3160 tr1725">functional </span><span class="pp-class-382 pa t60408 l60410 ls1319 wtro3159 wtr1724 tro3160 tr1725">currency </span><span class="pp-class-382 pa t60408 l60411 ls16 wtro3159 wtr1724 tro3160 tr1725">than </span><span class="pp-class-382 pa t60408 l60412 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60408 l60413 ls1868 wtro3159 wtr1724 tro3160 tr1725">Group’s </span><span class="pp-class-382 pa t60408 l60414 ls2486 wtro3159 wtr1724 tro3160 tr1725">presentation </span><span class="pp-class-382 pa t60408 l60415 ls1319 wtro3159 wtr1724 tro3160 tr1725">currency </span><span class="pp-class-382 pa t60408 l60416 ls3278 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60408 l60417 ls1859 wtro3159 wtr1724 tro3160 tr1725">treated </span><span class="pp-class-382 pa t60408 l60418 ls278 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60408 l60419 ls2482 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60408 l60420 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60408 l60421 ls39 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60422 l3 ls134 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60422 l48283 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60422 l60423 ls1073 wtro3159 wtr1724 tro3160 tr1725">foreign </span><span class="pp-class-382 pa t60422 l60424 ls2482 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60422 l60425 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60422 l60426 ls3278 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60422 l60427 ls2694 wtro3159 wtr1724 tro3160 tr1725">translated </span><span class="pp-class-382 pa t60422 l60428 ls884 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60422 l60429 ls1733 wtro3159 wtr1724 tro3160 tr1725">converted </span><span class="pp-class-382 pa t60422 l60430 ls1073 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60422 l60431 ls39 wtro3159 wtr1724 tro3160 tr1725">first </span><span class="pp-class-382 pa t60422 l60432 ls1298 wtro3159 wtr1724 tro3160 tr1725">recognition </span><span class="pp-class-382 pa t60422 l49561 ls302 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60422 l60433 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60422 l60434 ls246 wtro3159 wtr1724 tro3160 tr1725">functional </span><span class="pp-class-382 pa t60422 l60435 ls1237 wtro3159 wtr1724 tro3160 tr1725">currency </span><span class="pp-class-382 pa t60436 l3 ls134 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60436 l48283 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60436 l60423 ls1073 wtro3159 wtr1724 tro3160 tr1725">foreign </span><span class="pp-class-382 pa t60436 l60424 ls2482 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60436 l60425 ls1073 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60436 l60437 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60436 l60438 ls3278 wtro3159 wtr1724 tro3160 tr1725">exchange </span><span class="pp-class-382 pa t60436 l60439 ls7694 wtro3159 wtr1724 tro3160 tr1725">rate </span><span class="pp-class-382 pa t60436 l60440 ls278 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60436 l60441 ls884 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60436 l60442 ls869 wtro3159 wtr1724 tro3160 tr1725">transaction </span><span class="pp-class-382 pa t60436 l60443 ls3278 wtro3159 wtr1724 tro3160 tr1725">date.</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60444 l3 ls858 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60444 l23024 ls8853 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60444 l60445 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60444 l60446 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60444 l60447 ls1080 wtro3159 wtr1724 tro3160 tr1725">an </span><span class="pp-class-382 pa t60444 l60448 ls1701 wtro3159 wtr1724 tro3160 tr1725">enterprise </span><span class="pp-class-382 pa t60444 l36552 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60444 l16869 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60444 l60449 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60444 l60450 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60444 l60451 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60444 l60452 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60444 l60453 ls2531 wtro3159 wtr1724 tro3160 tr1725">agreed </span><span class="pp-class-382 pa t60444 l60454 ls8853 wtro3159 wtr1724 tro3160 tr1725">payment </span><span class="pp-class-382 pa t60444 l60455 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60444 l60456 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60444 l60457 ls3278 wtro3159 wtr1724 tro3160 tr1725">form </span><span class="pp-class-382 pa t60444 l60458 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60444 l60459 ls869 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60460 l3 ls11245 wtro3159 wtr1724 tro3160 tr1725">transferred, </span><span class="pp-class-382 pa t60460 l60461 ls1118 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60460 l60462 ls2694 wtro3159 wtr1724 tro3160 tr1725">assumed, </span><span class="pp-class-382 pa t60460 l60463 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60460 l60464 ls2486 wtro3159 wtr1724 tro3160 tr1725">equity </span><span class="pp-class-382 pa t60460 l60465 ls806 wtro3159 wtr1724 tro3160 tr1725">instruments </span><span class="pp-class-382 pa t60460 l60466 ls2486 wtro3159 wtr1724 tro3160 tr1725">issued </span><span class="pp-class-382 pa t60460 l60467 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60460 l60468 ls3190 wtro3159 wtr1724 tro3160 tr1725">seller. </span><span class="pp-class-382 pa t60460 l60469 ls1080 wtro3159 wtr1724 tro3160 tr1725">If </span><span class="pp-class-382 pa t60460 l60470 ls658 wtro3159 wtr1724 tro3160 tr1725">part </span><span class="pp-class-382 pa t60460 l60471 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60460 l60472 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60460 l49224 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60460 l60473 ls278 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60474 l3 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60474 l60475 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60474 l29310 ls1083 wtro3159 wtr1724 tro3160 tr1725">future </span><span class="pp-class-382 pa t60474 l60476 ls7094 wtro3159 wtr1724 tro3160 tr1725">events </span><span class="pp-class-382 pa t60474 l60477 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60474 l13774 ls2113 wtro3159 wtr1724 tro3160 tr1725">fulfilment </span><span class="pp-class-382 pa t60474 l30234 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60474 l31309 ls2531 wtro3159 wtr1724 tro3160 tr1725">agreed </span><span class="pp-class-382 pa t60474 l60478 ls1118 wtro3159 wtr1724 tro3160 tr1725">conditions, </span><span class="pp-class-382 pa t60474 l60479 ls1323 wtro3159 wtr1724 tro3160 tr1725">this </span><span class="pp-class-382 pa t60474 l60480 ls658 wtro3159 wtr1724 tro3160 tr1725">part </span><span class="pp-class-382 pa t60474 l60481 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60474 l60482 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60474 l60483 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60474 l60484 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60474 l60485 ls2784 wtro3159 wtr1724 tro3160 tr1725">recog-</span><span class="pp-class-382 pa t60486 l3 ls1759 wtro3159 wtr1724 tro3160 tr1725">nised </span><span class="pp-class-382 pa t60486 l60487 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60486 l60488 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60486 l60489 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60486 l48166 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60486 l60490 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60486 l48972 ls852 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60486 l60491 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60486 l34181 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition. </span><span class="pp-class-382 pa t60486 l60492 ls1759 wtro3159 wtr1724 tro3160 tr1725">Costs </span><span class="pp-class-382 pa t60486 l60493 ls1148 wtro3159 wtr1724 tro3160 tr1725">attributable </span><span class="pp-class-382 pa t60486 l60494 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60486 l60495 ls2694 wtro3159 wtr1724 tro3160 tr1725">business </span><span class="pp-class-382 pa t60486 l60496 ls2113 wtro3159 wtr1724 tro3160 tr1725">combinations </span><span class="pp-class-382 pa t60486 l60497 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60486 l60498 ls2113 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60499 l3 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60499 l11390 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60499 l60500 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60499 l60501 ls2486 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t60499 l60502 ls1150 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t60499 l60503 ls1323 wtro3159 wtr1724 tro3160 tr1725">when </span><span class="pp-class-382 pa t60499 l60504 ls960 wtro3159 wtr1724 tro3160 tr1725">incurred. </span><span class="pp-class-382 pa t60499 l60505 ls20054 wtro3159 wtr1724 tro3160 tr1725">If, </span><span class="pp-class-382 pa t60499 l60506 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60499 l60507 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60499 l60508 ls2688 wtro3159 wtr1724 tro3160 tr1725">date, </span><span class="pp-class-382 pa t60499 l60509 ls1237 wtro3159 wtr1724 tro3160 tr1725">uncertainty </span><span class="pp-class-382 pa t60499 l60510 ls2784 wtro3159 wtr1724 tro3160 tr1725">exist </span><span class="pp-class-382 pa t60499 l60511 ls2145 wtro3159 wtr1724 tro3160 tr1725">regarding </span><span class="pp-class-382 pa t60499 l60512 ls302 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60513 l3 ls5039 wtro3159 wtr1724 tro3160 tr1725">identification </span><span class="pp-class-382 pa t60513 l60514 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60513 l56753 ls960 wtro3159 wtr1724 tro3160 tr1725">measurement </span><span class="pp-class-382 pa t60513 l60515 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60513 l60516 ls1316 wtro3159 wtr1724 tro3160 tr1725">acquired </span><span class="pp-class-382 pa t60513 l39793 ls3474 wtro3159 wtr1724 tro3160 tr1725">assets, </span><span class="pp-class-382 pa t60513 l60517 ls1118 wtro3159 wtr1724 tro3160 tr1725">liabilities </span><span class="pp-class-382 pa t60513 l60518 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60513 l60519 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60513 l60520 ls830 wtro3159 wtr1724 tro3160 tr1725">liabilities, </span><span class="pp-class-382 pa t60513 l60521 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60513 l60522 ls688 wtro3159 wtr1724 tro3160 tr1725">determination </span><span class="pp-class-382 pa t60523 l3 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60523 l60524 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60523 l60525 ls8853 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60523 l60526 ls1701 wtro3159 wtr1724 tro3160 tr1725">price, </span><span class="pp-class-382 pa t60523 l60527 ls1237 wtro3159 wtr1724 tro3160 tr1725">initial </span><span class="pp-class-382 pa t60523 l60528 ls2142 wtro3159 wtr1724 tro3160 tr1725">recognition </span><span class="pp-class-382 pa t60523 l60529 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60523 l60530 ls960 wtro3159 wtr1724 tro3160 tr1725">measurement </span><span class="pp-class-382 pa t60523 l60531 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60523 l46816 ls1323 wtro3159 wtr1724 tro3160 tr1725">done </span><span class="pp-class-382 pa t60523 l60532 ls1759 wtro3159 wtr1724 tro3160 tr1725">based </span><span class="pp-class-382 pa t60523 l60533 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60523 l60534 ls53 wtro3159 wtr1724 tro3160 tr1725">preliminary </span><span class="pp-class-382 pa t60523 l60535 ls8853 wtro3159 wtr1724 tro3160 tr1725">values. </span><span class="pp-class-382 pa t60523 l60536 ls302 wtro3159 wtr1724 tro3160 tr1725">The </span><span class="pp-class-382 pa t60537 l3 ls53 wtro3159 wtr1724 tro3160 tr1725">preliminary </span><span class="pp-class-382 pa t60537 l7289 ls1150 wtro3159 wtr1724 tro3160 tr1725">values </span><span class="pp-class-382 pa t60537 l60538 ls2944 wtro3159 wtr1724 tro3160 tr1725">may </span><span class="pp-class-382 pa t60537 l60539 ls1080 wtro3159 wtr1724 tro3160 tr1725">be </span><span class="pp-class-382 pa t60537 l60540 ls2113 wtro3159 wtr1724 tro3160 tr1725">adjusted </span><span class="pp-class-382 pa t60537 l60541 ls1305 wtro3159 wtr1724 tro3160 tr1725">until </span><span class="pp-class-382 pa t60537 l60542 ls1080 wtro3159 wtr1724 tro3160 tr1725">12 </span><span class="pp-class-382 pa t60537 l60543 ls1073 wtro3159 wtr1724 tro3160 tr1725">months </span><span class="pp-class-382 pa t60537 l60544 ls1243 wtro3159 wtr1724 tro3160 tr1725">from </span><span class="pp-class-382 pa t60537 l60545 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60537 l60546 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisition </span><span class="pp-class-382 pa t60537 l60547 ls2688 wtro3159 wtr1724 tro3160 tr1725">date, </span><span class="pp-class-382 pa t60537 l60548 ls3377 wtro3159 wtr1724 tro3160 tr1725">provided </span><span class="pp-class-382 pa t60537 l60549 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60537 l60550 ls1237 wtro3159 wtr1724 tro3160 tr1725">initial </span><span class="pp-class-382 pa t60537 l60551 ls2784 wtro3159 wtr1724 tro3160 tr1725">recog-</span><span class="pp-class-382 pa t60552 l3 ls2486 wtro3159 wtr1724 tro3160 tr1725">nition </span><span class="pp-class-382 pa t60552 l60553 ls1150 wtro3159 wtr1724 tro3160 tr1725">was </span><span class="pp-class-382 pa t60552 l60554 ls53 wtro3159 wtr1724 tro3160 tr1725">preliminary </span><span class="pp-class-382 pa t60552 l60555 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60552 l60556 ls2970 wtro3159 wtr1724 tro3160 tr1725">incorrect. </span><span class="pp-class-382 pa t60552 l60557 ls1237 wtro3159 wtr1724 tro3160 tr1725">Changes </span><span class="pp-class-382 pa t60552 l60558 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60552 l60559 ls3105 wtro3159 wtr1724 tro3160 tr1725">estimates </span><span class="pp-class-382 pa t60552 l60560 ls2145 wtro3159 wtr1724 tro3160 tr1725">regarding </span><span class="pp-class-382 pa t60552 l60561 ls3474 wtro3159 wtr1724 tro3160 tr1725">contingent </span><span class="pp-class-382 pa t60552 l60562 ls1868 wtro3159 wtr1724 tro3160 tr1725">considerations </span><span class="pp-class-382 pa t60552 l60563 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60552 l60564 ls296 wtro3159 wtr1724 tro3160 tr1725">rec-</span><span class="pp-class-382 pa t60565 l3 ls1237 wtro3159 wtr1724 tro3160 tr1725">ognised </span><span class="pp-class-382 pa t60565 l60566 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60565 l60567 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60565 l27458 ls2486 wtro3159 wtr1724 tro3160 tr1725">income </span><span class="pp-class-382 pa t60565 l60568 ls1150 wtro3159 wtr1724 tro3160 tr1725">statement </span><span class="pp-class-382 pa t60565 l60569 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60565 l5628 ls1073 wtro3159 wtr1724 tro3160 tr1725">financial </span><span class="pp-class-382 pa t60565 l60570 ls58 wtro3159 wtr1724 tro3160 tr1725">items. </span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-382 pa t60571 l3 ls1150 wtro3159 wtr1724 tro3160 tr1725">Incremental </span><span class="pp-class-382 pa t60571 l60572 ls1772 wtro3159 wtr1724 tro3160 tr1725">acquisitions </span><span class="pp-class-382 pa t60571 l60573 ls2842 wtro3159 wtr1724 tro3160 tr1725">after </span><span class="pp-class-382 pa t60571 l60574 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60571 l60575 ls185 wtro3159 wtr1724 tro3160 tr1725">have </span><span class="pp-class-382 pa t60571 l60576 ls1323 wtro3159 wtr1724 tro3160 tr1725">been </span><span class="pp-class-382 pa t60571 l60577 ls3278 wtro3159 wtr1724 tro3160 tr1725">obtained, </span><span class="pp-class-382 pa t60571 l60578 ls2142 wtro3159 wtr1724 tro3160 tr1725">i.e., </span><span class="pp-class-382 pa t60571 l60579 ls8853 wtro3159 wtr1724 tro3160 tr1725">purchase </span><span class="pp-class-382 pa t60571 l60580 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60571 l44415 ls2694 wtro3159 wtr1724 tro3160 tr1725">minority </span><span class="pp-class-382 pa t60571 l60581 ls1148 wtro3159 wtr1724 tro3160 tr1725">interests, </span><span class="pp-class-382 pa t60571 l60582 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60571 l48501 ls296 wtro3159 wtr1724 tro3160 tr1725">rec-</span><span class="pp-class-382 pa t60583 l3 ls1237 wtro3159 wtr1724 tro3160 tr1725">ognised </span><span class="pp-class-382 pa t60583 l60566 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60583 l60584 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60583 l60585 ls1057 wtro3159 wtr1724 tro3160 tr1725">equity. </span><span class="pp-class-382 pa t60583 l60586 ls2694 wtro3159 wtr1724 tro3160 tr1725">Disposal </span><span class="pp-class-382 pa t60583 l60587 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60583 l60588 ls2694 wtro3159 wtr1724 tro3160 tr1725">minority </span><span class="pp-class-382 pa t60583 l60589 ls852 wtro3159 wtr1724 tro3160 tr1725">interests </span><span class="pp-class-382 pa t60583 l35488 ls830 wtro3159 wtr1724 tro3160 tr1725">not </span><span class="pp-class-382 pa t60583 l60590 ls2944 wtro3159 wtr1724 tro3160 tr1725">resulting </span><span class="pp-class-382 pa t60583 l60591 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60583 l60592 ls1323 wtro3159 wtr1724 tro3160 tr1725">loss </span><span class="pp-class-382 pa t60583 l60593 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60583 l60594 ls852 wtro3159 wtr1724 tro3160 tr1725">control </span><span class="pp-class-382 pa t60583 l60595 ls1080 wtro3159 wtr1724 tro3160 tr1725">is </span><span class="pp-class-382 pa t60583 l60596 ls1243 wtro3159 wtr1724 tro3160 tr1725">likewise </span><span class="pp-class-382 pa t60583 l60597 ls2784 wtro3159 wtr1724 tro3160 tr1725">recog-</span><span class="pp-class-382 pa t60598 l3 ls1759 wtro3159 wtr1724 tro3160 tr1725">nised </span><span class="pp-class-382 pa t60598 l60599 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60598 l60600 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60598 l13184 ls1057 wtro3159 wtr1724 tro3160 tr1725">equity. </span><span class="pp-class-382 pa t60598 l60601 ls1759 wtro3159 wtr1724 tro3160 tr1725">Gains </span><span class="pp-class-382 pa t60598 l60602 ls1080 wtro3159 wtr1724 tro3160 tr1725">or </span><span class="pp-class-382 pa t60598 l60603 ls2486 wtro3159 wtr1724 tro3160 tr1725">losses </span><span class="pp-class-382 pa t60598 l60604 ls1080 wtro3159 wtr1724 tro3160 tr1725">on </span><span class="pp-class-382 pa t60598 l60605 ls2694 wtro3159 wtr1724 tro3160 tr1725">disposal </span><span class="pp-class-382 pa t60598 l60606 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60598 l60607 ls1319 wtro3159 wtr1724 tro3160 tr1725">subsidiaries, </span><span class="pp-class-382 pa t60598 l60608 ls803 wtro3159 wtr1724 tro3160 tr1725">associates </span><span class="pp-class-382 pa t60598 l60609 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60598 l60610 ls1305 wtro3159 wtr1724 tro3160 tr1725">joint </span><span class="pp-class-382 pa t60598 l60611 ls11245 wtro3159 wtr1724 tro3160 tr1725">ventures </span><span class="pp-class-382 pa t60598 l60612 ls2970 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60613 l3 ls803 wtro3159 wtr1724 tro3160 tr1725">calculated </span><span class="pp-class-382 pa t60613 l60614 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60613 l19073 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60613 l60615 ls1974 wtro3159 wtr1724 tro3160 tr1725">difference </span><span class="pp-class-382 pa t60613 l16324 ls1244 wtro3159 wtr1724 tro3160 tr1725">between </span><span class="pp-class-382 pa t60613 l60616 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60613 l60617 ls2694 wtro3159 wtr1724 tro3160 tr1725">disposal </span><span class="pp-class-382 pa t60613 l60618 ls852 wtro3159 wtr1724 tro3160 tr1725">consideration </span><span class="pp-class-382 pa t60613 l60619 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60613 l60620 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60613 l60621 ls1323 wtro3159 wtr1724 tro3160 tr1725">book </span><span class="pp-class-382 pa t60613 l60622 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60613 l60623 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60613 l60624 ls830 wtro3159 wtr1724 tro3160 tr1725">net </span><span class="pp-class-382 pa t60613 l60625 ls238 wtro3159 wtr1724 tro3160 tr1725">assets </span><span class="pp-class-382 pa t60613 l60626 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60613 l60627 ls302 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60628 l3 ls852 wtro3159 wtr1724 tro3160 tr1725">date </span><span class="pp-class-382 pa t60628 l60629 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60628 l60630 ls1073 wtro3159 wtr1724 tro3160 tr1725">disposal, </span><span class="pp-class-382 pa t60628 l60631 ls3474 wtro3159 wtr1724 tro3160 tr1725">including </span><span class="pp-class-382 pa t60628 l60632 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60628 l5423 ls1323 wtro3159 wtr1724 tro3160 tr1725">book </span><span class="pp-class-382 pa t60628 l19511 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60628 l60633 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60628 l60634 ls1073 wtro3159 wtr1724 tro3160 tr1725">goodwill, </span><span class="pp-class-382 pa t60628 l60635 ls1244 wtro3159 wtr1724 tro3160 tr1725">accumulated </span><span class="pp-class-382 pa t60628 l60636 ls3435 wtro3159 wtr1724 tro3160 tr1725">exchange </span><span class="pp-class-382 pa t60628 l60637 ls1759 wtro3159 wtr1724 tro3160 tr1725">gains </span><span class="pp-class-382 pa t60628 l60638 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60628 l60639 ls2486 wtro3159 wtr1724 tro3160 tr1725">losses </span><span class="pp-class-382 pa t60628 l60640 ls7858 wtro3159 wtr1724 tro3160 tr1725">previ-</span><span class="pp-class-382 pa t60641 l3 ls7094 wtro3159 wtr1724 tro3160 tr1725">ously </span><span class="pp-class-382 pa t60641 l60642 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60641 l60643 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60641 l60644 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60641 l60645 ls2486 wtro3159 wtr1724 tro3160 tr1725">equity </span><span class="pp-class-382 pa t60641 l60646 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60641 l60647 ls960 wtro3159 wtr1724 tro3160 tr1725">well </span><span class="pp-class-382 pa t60641 l60648 ls1080 wtro3159 wtr1724 tro3160 tr1725">as </span><span class="pp-class-382 pa t60641 l44905 ls3105 wtro3159 wtr1724 tro3160 tr1725">anticipated </span><span class="pp-class-382 pa t60641 l60649 ls2694 wtro3159 wtr1724 tro3160 tr1725">disposal </span><span class="pp-class-382 pa t60641 l60650 ls2486 wtro3159 wtr1724 tro3160 tr1725">costs. </span><span class="pp-class-382 pa t60641 l60651 ls8853 wtro3159 wtr1724 tro3160 tr1725">Exchange </span><span class="pp-class-382 pa t60641 l60652 ls3216 wtro3159 wtr1724 tro3160 tr1725">rate </span><span class="pp-class-382 pa t60641 l60653 ls3278 wtro3159 wtr1724 tro3160 tr1725">adjustments </span><span class="pp-class-382 pa t60641 l53371 ls5039 wtro3159 wtr1724 tro3160 tr1725">attrib-</span><span class="pp-class-382 pa t60654 l3 ls1319 wtro3159 wtr1724 tro3160 tr1725">utable </span><span class="pp-class-382 pa t60654 l60655 ls1759 wtro3159 wtr1724 tro3160 tr1725">to </span><span class="pp-class-382 pa t60654 l60656 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60654 l60657 ls1015 wtro3159 wtr1724 tro3160 tr1725">Group’s </span><span class="pp-class-382 pa t60654 l60658 ls1101 wtro3159 wtr1724 tro3160 tr1725">ownership </span><span class="pp-class-382 pa t60654 l60659 ls2854 wtro3159 wtr1724 tro3160 tr1725">interest, </span><span class="pp-class-382 pa t60654 l60660 ls858 wtro3159 wtr1724 tro3160 tr1725">and </span><span class="pp-class-382 pa t60654 l60661 ls1759 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60654 l60662 ls2769 wtro3159 wtr1724 tro3160 tr1725">previously </span><span class="pp-class-382 pa t60654 l60663 ls2848 wtro3159 wtr1724 tro3160 tr1725">were </span><span class="pp-class-382 pa t60654 l60664 ls2970 wtro3159 wtr1724 tro3160 tr1725">recognised </span><span class="pp-class-382 pa t60654 l60665 ls2143 wtro3159 wtr1724 tro3160 tr1725">directly </span><span class="pp-class-382 pa t60654 l60666 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60654 l60667 ls1057 wtro3159 wtr1724 tro3160 tr1725">equity, </span><span class="pp-class-382 pa t60654 l60668 ls2970 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60669 l3 ls238 wtro3159 wtr1724 tro3160 tr1725">included </span><span class="pp-class-382 pa t60669 l60670 ls1080 wtro3159 wtr1724 tro3160 tr1725">in </span><span class="pp-class-382 pa t60669 l9442 ls1099 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60669 l60671 ls688 wtro3159 wtr1724 tro3160 tr1725">calculation </span><span class="pp-class-382 pa t60669 l60672 ls103 wtro3159 wtr1724 tro3160 tr1725">of </span><span class="pp-class-382 pa t60669 l44054 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60669 l60673 ls1759 wtro3159 wtr1724 tro3160 tr1725">gain/ </span><span class="pp-class-382 pa t60669 l60674 ls1759 wtro3159 wtr1724 tro3160 tr1725">loss. </span><span class="pp-class-382 pa t60669 l60675 ls3278 wtro3159 wtr1724 tro3160 tr1725">Any </span><span class="pp-class-382 pa t60669 l60676 ls828 wtro3159 wtr1724 tro3160 tr1725">retained </span><span class="pp-class-382 pa t60669 l60677 ls238 wtro3159 wtr1724 tro3160 tr1725">participating </span><span class="pp-class-382 pa t60669 l60678 ls852 wtro3159 wtr1724 tro3160 tr1725">interests </span><span class="pp-class-382 pa t60669 l60679 ls800 wtro3159 wtr1724 tro3160 tr1725">are </span><span class="pp-class-382 pa t60669 l60680 ls8853 wtro3159 wtr1724 tro3160 tr1725">measured </span><span class="pp-class-382 pa t60669 l60681 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60669 l60682 ls1080 wtro3159 wtr1724 tro3160 tr1725">their </span><span class="pp-class-382 pa t60683 l3 ls3278 wtro3159 wtr1724 tro3160 tr1725">fair </span><span class="pp-class-382 pa t60683 l60684 ls1083 wtro3159 wtr1724 tro3160 tr1725">value </span><span class="pp-class-382 pa t60683 l60685 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60683 l39014 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60683 l311 ls1323 wtro3159 wtr1724 tro3160 tr1725">time </span><span class="pp-class-382 pa t60683 l60686 ls1083 wtro3159 wtr1724 tro3160 tr1725">at </span><span class="pp-class-382 pa t60683 l60687 ls1759 wtro3159 wtr1724 tro3160 tr1725">which </span><span class="pp-class-382 pa t60683 l60688 ls858 wtro3159 wtr1724 tro3160 tr1725">the </span><span class="pp-class-382 pa t60683 l60689 ls960 wtro3159 wtr1724 tro3160 tr1725">controlling </span><span class="pp-class-382 pa t60683 l60690 ls1859 wtro3159 wtr1724 tro3160 tr1725">influence </span><span class="pp-class-382 pa t60683 l60691 ls1150 wtro3159 wtr1724 tro3160 tr1725">was </span><span class="pp-class-382 pa t60683 l60692 ls1733 wtro3159 wtr1724 tro3160 tr1725">lost.</span></p> <div id="pp-id-5285" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h60693 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls14437">5.6 </span><span class="pp-class-370 pa t21055 l43638 ls1005">Guarantees, </span><span class="pp-class-370 pa t21055 l60694 ls1733">collateral </span><span class="pp-class-370 pa t21055 l60695">and </span><span class="pp-class-370 pa t21055 l60696 ls970">contingent </span><span class="pp-class-370 pa t21055 l60697 ls12">liabilities</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls1952">Guarantees </span><span class="pp-class-382 pa t45774 l29388 ls15062">issued </span><span class="pp-class-382 pa t45774 l58942 ls3362">by </span><span class="pp-class-382 pa t45774 l60698 ls14041">banks </span><span class="pp-class-382 pa t45774 l60699 ls2760">on </span><span class="pp-class-382 pa t45774 l60700 ls712">behalf </span><span class="pp-class-382 pa t45774 l60701 ls2531">of </span><span class="pp-class-382 pa t45774 l60702 ls650">the </span><span class="pp-class-382 pa t45774 l60703 ls3036">Group </span><span class="pp-class-382 pa t45774 l60704 ls19370">amount </span><span class="pp-class-382 pa t45774 l60705 ls650">to </span><span class="pp-class-382 pa t45774 l60706 ls650">DKK </span><span class="pp-class-382 pa t45774 l60707 ls2955">359m </span><span class="pp-class-382 pa t45774 l60708 ls15062">(2023: </span><span class="pp-class-382 pa t45774 l60709 ls650">DKK </span><span class="pp-class-382 pa t45774 l60710 ls2805">224m). </span><span class="pp-class-382 pa t45774 l60711 ls2760">In </span><span class="pp-class-382 pa t45774 l60712 ls712">addition, </span><span class="pp-class-382 pa t45774 l60713 ls1772">the </span><span class="pp-class-382 pa t45789 l3 ls3036">Group </span><span class="pp-class-382 pa t45789 l60714 ls650">has </span><span class="pp-class-382 pa t45789 l60715 ls15062">issued </span><span class="pp-class-382 pa t45789 l7857 ls1150">two </span><span class="pp-class-382 pa t45789 l60716 ls1148">guarantees </span><span class="pp-class-382 pa t45789 l59906 ls1080">in </span><span class="pp-class-382 pa t45789 l17639 ls2531">relation </span><span class="pp-class-382 pa t45789 l60717 ls1759">to </span><span class="pp-class-382 pa t45789 l60718 ls1305">defined </span><span class="pp-class-382 pa t45789 l53249 ls1305">benefit </span><span class="pp-class-382 pa t45789 l60719 ls1237">pension </span><span class="pp-class-382 pa t45789 l60720 ls1237">schemes </span><span class="pp-class-382 pa t45789 l60721 ls1080">in </span><span class="pp-class-382 pa t45789 l60722 ls1099">the </span><span class="pp-class-382 pa t45789 l60723 ls1080">UK </span><span class="pp-class-382 pa t45789 l60724 ls103">of </span><span class="pp-class-382 pa t45789 l60725 ls1080">an </span><span class="pp-class-382 pa t45789 l60726 ls1073">amount </span><span class="pp-class-382 pa t45789 l60727 ls1080">up </span><span class="pp-class-382 pa t45789 l60728 ls302">to </span><span class="pp-class-382 pa t45805 l3 ls858">DKK </span><span class="pp-class-382 pa t45805 l50706 ls858">28m </span><span class="pp-class-382 pa t45805 l23704 ls2486">(2023: </span><span class="pp-class-382 pa t45805 l60729 ls858">DKK </span><span class="pp-class-382 pa t45805 l30979 ls1759">125m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45817 l3 ls650">The </span><span class="pp-class-382 pa t45817 l45626 ls3036">Group </span><span class="pp-class-382 pa t45817 l60730 ls2760">is </span><span class="pp-class-382 pa t45817 l54348 ls2760">in </span><span class="pp-class-382 pa t45817 l60731 ls2805">2024 </span><span class="pp-class-382 pa t45817 l60732 ls2760">as </span><span class="pp-class-382 pa t45817 l60733 ls13205">well </span><span class="pp-class-382 pa t45817 l33883 ls2760">as </span><span class="pp-class-382 pa t45817 l11533 ls2760">in </span><span class="pp-class-382 pa t45817 l60734 ls2955">2023 </span><span class="pp-class-382 pa t45817 l60735 ls1463">part </span><span class="pp-class-382 pa t45817 l60736 ls2760">in </span><span class="pp-class-382 pa t45817 l60737 ls1789">various </span><span class="pp-class-382 pa t45817 l60738 ls3230">legal </span><span class="pp-class-382 pa t45817 l60739 ls3310">disputes. </span><span class="pp-class-382 pa t45817 l60740 ls650">The </span><span class="pp-class-382 pa t45817 l60741 ls2796">outcome </span><span class="pp-class-382 pa t45817 l60742 ls2531">of </span><span class="pp-class-382 pa t45817 l60743 ls3230">these </span><span class="pp-class-382 pa t45817 l60744 ls2147">disputes </span><span class="pp-class-382 pa t45817 l60745 ls2760">is </span><span class="pp-class-382 pa t45817 l60746 ls8853">not </span><span class="pp-class-382 pa t45975 l3 ls14357">considered </span><span class="pp-class-382 pa t45975 l46136 ls17717">likely </span><span class="pp-class-382 pa t45975 l60747 ls650">to </span><span class="pp-class-382 pa t45975 l60748 ls1722">influence </span><span class="pp-class-382 pa t45975 l60749 ls3230">DFDS’ </span><span class="pp-class-382 pa t45975 l60750 ls3241">financial </span><span class="pp-class-382 pa t45975 l60751 ls3184">position </span><span class="pp-class-382 pa t45975 l60752 ls8634">significantly, </span><span class="pp-class-382 pa t45975 l44283 ls19370">besides </span><span class="pp-class-382 pa t45975 l60753 ls1722">what </span><span class="pp-class-382 pa t45975 l60754 ls2760">is </span><span class="pp-class-382 pa t45975 l60755 ls1736">already </span><span class="pp-class-382 pa t45975 l60756 ls14357">recognised </span><span class="pp-class-382 pa t45975 l60757 ls2760">in </span><span class="pp-class-382 pa t45975 l60758 ls1772">the </span><span class="pp-class-382 pa t45987 l3 ls195">balance </span><span class="pp-class-382 pa t45987 l60759 ls3230">sheet.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46012 l3 ls99">Certain </span><span class="pp-class-382 pa t46012 l50082 ls2489">ferries </span><span class="pp-class-382 pa t46012 l60760 ls1323">with </span><span class="pp-class-382 pa t46012 l60761 ls302">a </span><span class="pp-class-382 pa t46012 l40707 ls2889">total </span><span class="pp-class-382 pa t46012 l60762 ls1099">carrying </span><span class="pp-class-382 pa t46012 l60763 ls1073">amount </span><span class="pp-class-382 pa t46012 l49934 ls103">of </span><span class="pp-class-382 pa t46012 l60764 ls1099">DKK </span><span class="pp-class-382 pa t46012 l60765 ls12482">5,785m </span><span class="pp-class-382 pa t46012 l55499 ls2486">(2023: </span><span class="pp-class-382 pa t46012 l46905 ls1099">DKK </span><span class="pp-class-382 pa t46012 l60766 ls25707">5,752m) </span><span class="pp-class-382 pa t46012 l56839 ls185">have </span><span class="pp-class-382 pa t46012 l60767 ls1323">been </span><span class="pp-class-382 pa t46012 l60768 ls1237">pledged </span><span class="pp-class-382 pa t46012 l56604 ls1080">as </span><span class="pp-class-382 pa t46012 l60769 ls99">security </span><span class="pp-class-382 pa t46023 l3 ls3278">for </span><span class="pp-class-382 pa t46023 l48915 ls819">mortgage </span><span class="pp-class-382 pa t46023 l4249 ls1080">on </span><span class="pp-class-382 pa t46023 l18527 ls2489">ferries </span><span class="pp-class-382 pa t46023 l60770 ls858">and </span><span class="pp-class-382 pa t46023 l60771 ls1323">bank </span><span class="pp-class-382 pa t46023 l40619 ls1759">loans </span><span class="pp-class-382 pa t46023 l48127 ls1323">with </span><span class="pp-class-382 pa t46023 l60772 ls302">a </span><span class="pp-class-382 pa t46023 l16513 ls2889">total </span><span class="pp-class-382 pa t46023 l7649 ls1099">carrying </span><span class="pp-class-382 pa t46023 l60773 ls1073">amount </span><span class="pp-class-382 pa t46023 l60774 ls103">of </span><span class="pp-class-382 pa t46023 l60775 ls858">DKK </span><span class="pp-class-382 pa t46023 l60776 ls2805">3,681m </span><span class="pp-class-382 pa t46023 l20956 ls2486">(2023: </span><span class="pp-class-382 pa t46023 l60777 ls1099">DKK </span><span class="pp-class-382 pa t46023 l60778 ls864">4,002m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55080 l3 ls10900">At </span><span class="pp-class-382 pa t55080 l49043 ls960">year </span><span class="pp-class-382 pa t55080 l60779 ls858">end </span><span class="pp-class-382 pa t55080 l60780 ls1150">2024 </span><span class="pp-class-382 pa t55080 l22725 ls1099">DKK </span><span class="pp-class-382 pa t55080 l60781 ls858">11m </span><span class="pp-class-382 pa t55080 l60782 ls2486">(2023: </span><span class="pp-class-382 pa t55080 l10424 ls858">DKK </span><span class="pp-class-382 pa t55080 l60783 ls6360">14m) </span><span class="pp-class-382 pa t55080 l60784 ls103">of </span><span class="pp-class-382 pa t55080 l57915 ls858">the </span><span class="pp-class-382 pa t55080 l60785 ls1323">cash </span><span class="pp-class-382 pa t55080 l60786 ls1150">was </span><span class="pp-class-382 pa t55080 l46005 ls296">deposited </span><span class="pp-class-382 pa t55080 l60787 ls1080">on </span><span class="pp-class-382 pa t55080 l60788 ls3623">restricted </span><span class="pp-class-382 pa t55080 l60789 ls1323">bank </span><span class="pp-class-382 pa t55080 l60790 ls53">accounts.</span></p></div></div><div id="pp-id-5286" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h60791 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls60792">5.7 </span><span class="pp-class-370 pa t21055 l43638 ls860">Contractual </span><span class="pp-class-370 pa t21055 l12050 ls907">commitments</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3 ls225">Contractual </span><span class="pp-class-372 pa t42308 l56919 ls2329">commitments </span><span class="pp-class-372 pa t42308 l60793 ls1224">property, </span><span class="pp-class-372 pa t42308 l1254 ls907">plant </span><span class="pp-class-372 pa t42308 l60794">and </span><span class="pp-class-372 pa t42308 l12138 ls1008">equipment, </span><span class="pp-class-372 pa t42308 l60795 ls175">term </span><span class="pp-class-372 pa t42308 l60796">0-1 </span><span class="pp-class-372 pa t42308 l60797 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l53310">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l52948">15</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l3 ls225">Contractual </span><span class="pp-class-372 pa t58049 l56919 ls2329">commitments </span><span class="pp-class-372 pa t58049 l60793">financial </span><span class="pp-class-372 pa t58049 l30844 ls93">instrument, </span><span class="pp-class-372 pa t58049 l60798 ls175">term </span><span class="pp-class-372 pa t58049 l60799">0-1 </span><span class="pp-class-372 pa t58049 l60800 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l60801 ls134">387</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l50459">49</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l3 ls225">Contractual </span><span class="pp-class-372 pa t54127 l56919 ls2329">commitments </span><span class="pp-class-372 pa t54127 l60793 ls1224">property, </span><span class="pp-class-372 pa t54127 l1254 ls907">plant </span><span class="pp-class-372 pa t54127 l60794">and </span><span class="pp-class-372 pa t54127 l12138 ls1008">equipment, </span><span class="pp-class-372 pa t54127 l60795 ls175">term </span><span class="pp-class-372 pa t54127 l60796 ls4652">1-5 </span><span class="pp-class-372 pa t54127 l60802 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60803 l3 ls225">Contractual </span><span class="pp-class-372 pa t60803 l56919 ls2329">commitments </span><span class="pp-class-372 pa t60803 l60793">financial </span><span class="pp-class-372 pa t60803 l30844 ls287">instrument </span><span class="pp-class-372 pa t60803 l60804 ls175">term </span><span class="pp-class-372 pa t60803 l60805 ls4652">1-5 </span><span class="pp-class-372 pa t60803 l60806 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60803 l50356">28</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60803 l50455 ls16">27</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52875 l3 ls171">Contractual </span><span class="pp-class-373 pa t52875 l7455 ls2329">commitments </span><span class="pp-class-373 pa t52875 l60807 ls2329">(undiscounted)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52875 l60808">511</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52875 l60809">91</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t60810 l3 ls858">The </span><span class="pp-class-382 pa t60810 l16631 ls1015">Group’s </span><span class="pp-class-382 pa t60810 l44216 ls4305">contractual </span><span class="pp-class-382 pa t60810 l60811 ls806">commitments </span><span class="pp-class-382 pa t60810 l60812 ls1080">in </span><span class="pp-class-382 pa t60810 l60813 ls1150">2024 </span><span class="pp-class-382 pa t60810 l60814 ls296">include </span><span class="pp-class-382 pa t60810 l60815 ls858">the </span><span class="pp-class-382 pa t60810 l45587 ls8853">purchase </span><span class="pp-class-382 pa t60810 l60816 ls103">of </span><span class="pp-class-382 pa t60810 l60817 ls1080">EU </span><span class="pp-class-382 pa t60810 l60818 ls852">Allowances </span><span class="pp-class-382 pa t60810 l60819 ls3458">related </span><span class="pp-class-382 pa t60810 l60820 ls1759">to </span><span class="pp-class-382 pa t60810 l60821 ls858">the </span><span class="pp-class-382 pa t60810 l60822 ls278">EU </span><span class="pp-class-382 pa t60823 l3 ls1073">Emissions </span><span class="pp-class-382 pa t60823 l3355 ls8634">Trading </span><span class="pp-class-382 pa t60823 l45120 ls2842">System </span><span class="pp-class-382 pa t60823 l34009 ls5039">(ETS) </span><span class="pp-class-382 pa t60823 l60824 ls3623">regulations. </span><span class="pp-class-382 pa t60823 l60825 ls858">The </span><span class="pp-class-382 pa t60823 l31984 ls8853">purchase </span><span class="pp-class-382 pa t60823 l60705 ls103">of </span><span class="pp-class-382 pa t60823 l60826 ls728">ETS </span><span class="pp-class-382 pa t60823 l60827 ls852">allowances </span><span class="pp-class-382 pa t60823 l53180 ls1099">has </span><span class="pp-class-382 pa t60823 l60828 ls1323">been </span><span class="pp-class-382 pa t60823 l60829 ls1323">done </span><span class="pp-class-382 pa t60823 l60830 ls858">via </span><span class="pp-class-382 pa t60823 l60831 ls2787">forward </span><span class="pp-class-382 pa t60832 l3 ls806">instruments </span><span class="pp-class-382 pa t60832 l45776 ls1323">with </span><span class="pp-class-382 pa t60832 l43023 ls728">physical </span><span class="pp-class-382 pa t60832 l55530 ls1535">delivery. </span><span class="pp-class-382 pa t60832 l60833 ls1759">These </span><span class="pp-class-382 pa t60832 l17241 ls806">instruments </span><span class="pp-class-382 pa t60832 l60834 ls800">are </span><span class="pp-class-382 pa t60832 l60835 ls3458">treated </span><span class="pp-class-382 pa t60832 l60836 ls1080">as </span><span class="pp-class-382 pa t60832 l60837 ls803">off-balance </span><span class="pp-class-382 pa t60832 l44630 ls296">sheet </span><span class="pp-class-382 pa t60832 l60838 ls1118">items </span><span class="pp-class-382 pa t60832 l55587 ls1080">as </span><span class="pp-class-382 pa t60832 l60839 ls1099">the </span><span class="pp-class-382 pa t60832 l60840 ls1077">own-use </span><span class="pp-class-382 pa t60841 l3 ls3630">exemption </span><span class="pp-class-382 pa t60841 l36164 ls1759">under </span><span class="pp-class-382 pa t60841 l60842 ls187">IFRS </span><span class="pp-class-382 pa t60841 l60843 ls302">9 </span><span class="pp-class-382 pa t60841 l60844 ls1080">is </span><span class="pp-class-382 pa t60841 l60845 ls99">applied. </span></p></div></div> <div id="pp-id-5285" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h60693 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls14437">5.6 </span><span class="pp-class-370 pa t21055 l43638 ls1005">Guarantees, </span><span class="pp-class-370 pa t21055 l60694 ls1733">collateral </span><span class="pp-class-370 pa t21055 l60695">and </span><span class="pp-class-370 pa t21055 l60696 ls970">contingent </span><span class="pp-class-370 pa t21055 l60697 ls12">liabilities</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls1952">Guarantees </span><span class="pp-class-382 pa t45774 l29388 ls15062">issued </span><span class="pp-class-382 pa t45774 l58942 ls3362">by </span><span class="pp-class-382 pa t45774 l60698 ls14041">banks </span><span class="pp-class-382 pa t45774 l60699 ls2760">on </span><span class="pp-class-382 pa t45774 l60700 ls712">behalf </span><span class="pp-class-382 pa t45774 l60701 ls2531">of </span><span class="pp-class-382 pa t45774 l60702 ls650">the </span><span class="pp-class-382 pa t45774 l60703 ls3036">Group </span><span class="pp-class-382 pa t45774 l60704 ls19370">amount </span><span class="pp-class-382 pa t45774 l60705 ls650">to </span><span class="pp-class-382 pa t45774 l60706 ls650">DKK </span><span class="pp-class-382 pa t45774 l60707 ls2955">359m </span><span class="pp-class-382 pa t45774 l60708 ls15062">(2023: </span><span class="pp-class-382 pa t45774 l60709 ls650">DKK </span><span class="pp-class-382 pa t45774 l60710 ls2805">224m). </span><span class="pp-class-382 pa t45774 l60711 ls2760">In </span><span class="pp-class-382 pa t45774 l60712 ls712">addition, </span><span class="pp-class-382 pa t45774 l60713 ls1772">the </span><span class="pp-class-382 pa t45789 l3 ls3036">Group </span><span class="pp-class-382 pa t45789 l60714 ls650">has </span><span class="pp-class-382 pa t45789 l60715 ls15062">issued </span><span class="pp-class-382 pa t45789 l7857 ls1150">two </span><span class="pp-class-382 pa t45789 l60716 ls1148">guarantees </span><span class="pp-class-382 pa t45789 l59906 ls1080">in </span><span class="pp-class-382 pa t45789 l17639 ls2531">relation </span><span class="pp-class-382 pa t45789 l60717 ls1759">to </span><span class="pp-class-382 pa t45789 l60718 ls1305">defined </span><span class="pp-class-382 pa t45789 l53249 ls1305">benefit </span><span class="pp-class-382 pa t45789 l60719 ls1237">pension </span><span class="pp-class-382 pa t45789 l60720 ls1237">schemes </span><span class="pp-class-382 pa t45789 l60721 ls1080">in </span><span class="pp-class-382 pa t45789 l60722 ls1099">the </span><span class="pp-class-382 pa t45789 l60723 ls1080">UK </span><span class="pp-class-382 pa t45789 l60724 ls103">of </span><span class="pp-class-382 pa t45789 l60725 ls1080">an </span><span class="pp-class-382 pa t45789 l60726 ls1073">amount </span><span class="pp-class-382 pa t45789 l60727 ls1080">up </span><span class="pp-class-382 pa t45789 l60728 ls302">to </span><span class="pp-class-382 pa t45805 l3 ls858">DKK </span><span class="pp-class-382 pa t45805 l50706 ls858">28m </span><span class="pp-class-382 pa t45805 l23704 ls2486">(2023: </span><span class="pp-class-382 pa t45805 l60729 ls858">DKK </span><span class="pp-class-382 pa t45805 l30979 ls1759">125m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45817 l3 ls650">The </span><span class="pp-class-382 pa t45817 l45626 ls3036">Group </span><span class="pp-class-382 pa t45817 l60730 ls2760">is </span><span class="pp-class-382 pa t45817 l54348 ls2760">in </span><span class="pp-class-382 pa t45817 l60731 ls2805">2024 </span><span class="pp-class-382 pa t45817 l60732 ls2760">as </span><span class="pp-class-382 pa t45817 l60733 ls13205">well </span><span class="pp-class-382 pa t45817 l33883 ls2760">as </span><span class="pp-class-382 pa t45817 l11533 ls2760">in </span><span class="pp-class-382 pa t45817 l60734 ls2955">2023 </span><span class="pp-class-382 pa t45817 l60735 ls1463">part </span><span class="pp-class-382 pa t45817 l60736 ls2760">in </span><span class="pp-class-382 pa t45817 l60737 ls1789">various </span><span class="pp-class-382 pa t45817 l60738 ls3230">legal </span><span class="pp-class-382 pa t45817 l60739 ls3310">disputes. </span><span class="pp-class-382 pa t45817 l60740 ls650">The </span><span class="pp-class-382 pa t45817 l60741 ls2796">outcome </span><span class="pp-class-382 pa t45817 l60742 ls2531">of </span><span class="pp-class-382 pa t45817 l60743 ls3230">these </span><span class="pp-class-382 pa t45817 l60744 ls2147">disputes </span><span class="pp-class-382 pa t45817 l60745 ls2760">is </span><span class="pp-class-382 pa t45817 l60746 ls8853">not </span><span class="pp-class-382 pa t45975 l3 ls14357">considered </span><span class="pp-class-382 pa t45975 l46136 ls17717">likely </span><span class="pp-class-382 pa t45975 l60747 ls650">to </span><span class="pp-class-382 pa t45975 l60748 ls1722">influence </span><span class="pp-class-382 pa t45975 l60749 ls3230">DFDS’ </span><span class="pp-class-382 pa t45975 l60750 ls3241">financial </span><span class="pp-class-382 pa t45975 l60751 ls3184">position </span><span class="pp-class-382 pa t45975 l60752 ls8634">significantly, </span><span class="pp-class-382 pa t45975 l44283 ls19370">besides </span><span class="pp-class-382 pa t45975 l60753 ls1722">what </span><span class="pp-class-382 pa t45975 l60754 ls2760">is </span><span class="pp-class-382 pa t45975 l60755 ls1736">already </span><span class="pp-class-382 pa t45975 l60756 ls14357">recognised </span><span class="pp-class-382 pa t45975 l60757 ls2760">in </span><span class="pp-class-382 pa t45975 l60758 ls1772">the </span><span class="pp-class-382 pa t45987 l3 ls195">balance </span><span class="pp-class-382 pa t45987 l60759 ls3230">sheet.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46012 l3 ls99">Certain </span><span class="pp-class-382 pa t46012 l50082 ls2489">ferries </span><span class="pp-class-382 pa t46012 l60760 ls1323">with </span><span class="pp-class-382 pa t46012 l60761 ls302">a </span><span class="pp-class-382 pa t46012 l40707 ls2889">total </span><span class="pp-class-382 pa t46012 l60762 ls1099">carrying </span><span class="pp-class-382 pa t46012 l60763 ls1073">amount </span><span class="pp-class-382 pa t46012 l49934 ls103">of </span><span class="pp-class-382 pa t46012 l60764 ls1099">DKK </span><span class="pp-class-382 pa t46012 l60765 ls12482">5,785m </span><span class="pp-class-382 pa t46012 l55499 ls2486">(2023: </span><span class="pp-class-382 pa t46012 l46905 ls1099">DKK </span><span class="pp-class-382 pa t46012 l60766 ls25707">5,752m) </span><span class="pp-class-382 pa t46012 l56839 ls185">have </span><span class="pp-class-382 pa t46012 l60767 ls1323">been </span><span class="pp-class-382 pa t46012 l60768 ls1237">pledged </span><span class="pp-class-382 pa t46012 l56604 ls1080">as </span><span class="pp-class-382 pa t46012 l60769 ls99">security </span><span class="pp-class-382 pa t46023 l3 ls3278">for </span><span class="pp-class-382 pa t46023 l48915 ls819">mortgage </span><span class="pp-class-382 pa t46023 l4249 ls1080">on </span><span class="pp-class-382 pa t46023 l18527 ls2489">ferries </span><span class="pp-class-382 pa t46023 l60770 ls858">and </span><span class="pp-class-382 pa t46023 l60771 ls1323">bank </span><span class="pp-class-382 pa t46023 l40619 ls1759">loans </span><span class="pp-class-382 pa t46023 l48127 ls1323">with </span><span class="pp-class-382 pa t46023 l60772 ls302">a </span><span class="pp-class-382 pa t46023 l16513 ls2889">total </span><span class="pp-class-382 pa t46023 l7649 ls1099">carrying </span><span class="pp-class-382 pa t46023 l60773 ls1073">amount </span><span class="pp-class-382 pa t46023 l60774 ls103">of </span><span class="pp-class-382 pa t46023 l60775 ls858">DKK </span><span class="pp-class-382 pa t46023 l60776 ls2805">3,681m </span><span class="pp-class-382 pa t46023 l20956 ls2486">(2023: </span><span class="pp-class-382 pa t46023 l60777 ls1099">DKK </span><span class="pp-class-382 pa t46023 l60778 ls864">4,002m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55080 l3 ls10900">At </span><span class="pp-class-382 pa t55080 l49043 ls960">year </span><span class="pp-class-382 pa t55080 l60779 ls858">end </span><span class="pp-class-382 pa t55080 l60780 ls1150">2024 </span><span class="pp-class-382 pa t55080 l22725 ls1099">DKK </span><span class="pp-class-382 pa t55080 l60781 ls858">11m </span><span class="pp-class-382 pa t55080 l60782 ls2486">(2023: </span><span class="pp-class-382 pa t55080 l10424 ls858">DKK </span><span class="pp-class-382 pa t55080 l60783 ls6360">14m) </span><span class="pp-class-382 pa t55080 l60784 ls103">of </span><span class="pp-class-382 pa t55080 l57915 ls858">the </span><span class="pp-class-382 pa t55080 l60785 ls1323">cash </span><span class="pp-class-382 pa t55080 l60786 ls1150">was </span><span class="pp-class-382 pa t55080 l46005 ls296">deposited </span><span class="pp-class-382 pa t55080 l60787 ls1080">on </span><span class="pp-class-382 pa t55080 l60788 ls3623">restricted </span><span class="pp-class-382 pa t55080 l60789 ls1323">bank </span><span class="pp-class-382 pa t55080 l60790 ls53">accounts.</span></p></div></div> <div id="pp-id-5285" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h60693 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls14437">5.6 </span><span class="pp-class-370 pa t21055 l43638 ls1005">Guarantees, </span><span class="pp-class-370 pa t21055 l60694 ls1733">collateral </span><span class="pp-class-370 pa t21055 l60695">and </span><span class="pp-class-370 pa t21055 l60696 ls970">contingent </span><span class="pp-class-370 pa t21055 l60697 ls12">liabilities</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls1952">Guarantees </span><span class="pp-class-382 pa t45774 l29388 ls15062">issued </span><span class="pp-class-382 pa t45774 l58942 ls3362">by </span><span class="pp-class-382 pa t45774 l60698 ls14041">banks </span><span class="pp-class-382 pa t45774 l60699 ls2760">on </span><span class="pp-class-382 pa t45774 l60700 ls712">behalf </span><span class="pp-class-382 pa t45774 l60701 ls2531">of </span><span class="pp-class-382 pa t45774 l60702 ls650">the </span><span class="pp-class-382 pa t45774 l60703 ls3036">Group </span><span class="pp-class-382 pa t45774 l60704 ls19370">amount </span><span class="pp-class-382 pa t45774 l60705 ls650">to </span><span class="pp-class-382 pa t45774 l60706 ls650">DKK </span><span class="pp-class-382 pa t45774 l60707 ls2955">359m </span><span class="pp-class-382 pa t45774 l60708 ls15062">(2023: </span><span class="pp-class-382 pa t45774 l60709 ls650">DKK </span><span class="pp-class-382 pa t45774 l60710 ls2805">224m). </span><span class="pp-class-382 pa t45774 l60711 ls2760">In </span><span class="pp-class-382 pa t45774 l60712 ls712">addition, </span><span class="pp-class-382 pa t45774 l60713 ls1772">the </span><span class="pp-class-382 pa t45789 l3 ls3036">Group </span><span class="pp-class-382 pa t45789 l60714 ls650">has </span><span class="pp-class-382 pa t45789 l60715 ls15062">issued </span><span class="pp-class-382 pa t45789 l7857 ls1150">two </span><span class="pp-class-382 pa t45789 l60716 ls1148">guarantees </span><span class="pp-class-382 pa t45789 l59906 ls1080">in </span><span class="pp-class-382 pa t45789 l17639 ls2531">relation </span><span class="pp-class-382 pa t45789 l60717 ls1759">to </span><span class="pp-class-382 pa t45789 l60718 ls1305">defined </span><span class="pp-class-382 pa t45789 l53249 ls1305">benefit </span><span class="pp-class-382 pa t45789 l60719 ls1237">pension </span><span class="pp-class-382 pa t45789 l60720 ls1237">schemes </span><span class="pp-class-382 pa t45789 l60721 ls1080">in </span><span class="pp-class-382 pa t45789 l60722 ls1099">the </span><span class="pp-class-382 pa t45789 l60723 ls1080">UK </span><span class="pp-class-382 pa t45789 l60724 ls103">of </span><span class="pp-class-382 pa t45789 l60725 ls1080">an </span><span class="pp-class-382 pa t45789 l60726 ls1073">amount </span><span class="pp-class-382 pa t45789 l60727 ls1080">up </span><span class="pp-class-382 pa t45789 l60728 ls302">to </span><span class="pp-class-382 pa t45805 l3 ls858">DKK </span><span class="pp-class-382 pa t45805 l50706 ls858">28m </span><span class="pp-class-382 pa t45805 l23704 ls2486">(2023: </span><span class="pp-class-382 pa t45805 l60729 ls858">DKK </span><span class="pp-class-382 pa t45805 l30979 ls1759">125m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45817 l3 ls650">The </span><span class="pp-class-382 pa t45817 l45626 ls3036">Group </span><span class="pp-class-382 pa t45817 l60730 ls2760">is </span><span class="pp-class-382 pa t45817 l54348 ls2760">in </span><span class="pp-class-382 pa t45817 l60731 ls2805">2024 </span><span class="pp-class-382 pa t45817 l60732 ls2760">as </span><span class="pp-class-382 pa t45817 l60733 ls13205">well </span><span class="pp-class-382 pa t45817 l33883 ls2760">as </span><span class="pp-class-382 pa t45817 l11533 ls2760">in </span><span class="pp-class-382 pa t45817 l60734 ls2955">2023 </span><span class="pp-class-382 pa t45817 l60735 ls1463">part </span><span class="pp-class-382 pa t45817 l60736 ls2760">in </span><span class="pp-class-382 pa t45817 l60737 ls1789">various </span><span class="pp-class-382 pa t45817 l60738 ls3230">legal </span><span class="pp-class-382 pa t45817 l60739 ls3310">disputes. </span><span class="pp-class-382 pa t45817 l60740 ls650">The </span><span class="pp-class-382 pa t45817 l60741 ls2796">outcome </span><span class="pp-class-382 pa t45817 l60742 ls2531">of </span><span class="pp-class-382 pa t45817 l60743 ls3230">these </span><span class="pp-class-382 pa t45817 l60744 ls2147">disputes </span><span class="pp-class-382 pa t45817 l60745 ls2760">is </span><span class="pp-class-382 pa t45817 l60746 ls8853">not </span><span class="pp-class-382 pa t45975 l3 ls14357">considered </span><span class="pp-class-382 pa t45975 l46136 ls17717">likely </span><span class="pp-class-382 pa t45975 l60747 ls650">to </span><span class="pp-class-382 pa t45975 l60748 ls1722">influence </span><span class="pp-class-382 pa t45975 l60749 ls3230">DFDS’ </span><span class="pp-class-382 pa t45975 l60750 ls3241">financial </span><span class="pp-class-382 pa t45975 l60751 ls3184">position </span><span class="pp-class-382 pa t45975 l60752 ls8634">significantly, </span><span class="pp-class-382 pa t45975 l44283 ls19370">besides </span><span class="pp-class-382 pa t45975 l60753 ls1722">what </span><span class="pp-class-382 pa t45975 l60754 ls2760">is </span><span class="pp-class-382 pa t45975 l60755 ls1736">already </span><span class="pp-class-382 pa t45975 l60756 ls14357">recognised </span><span class="pp-class-382 pa t45975 l60757 ls2760">in </span><span class="pp-class-382 pa t45975 l60758 ls1772">the </span><span class="pp-class-382 pa t45987 l3 ls195">balance </span><span class="pp-class-382 pa t45987 l60759 ls3230">sheet.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t46012 l3 ls99">Certain </span><span class="pp-class-382 pa t46012 l50082 ls2489">ferries </span><span class="pp-class-382 pa t46012 l60760 ls1323">with </span><span class="pp-class-382 pa t46012 l60761 ls302">a </span><span class="pp-class-382 pa t46012 l40707 ls2889">total </span><span class="pp-class-382 pa t46012 l60762 ls1099">carrying </span><span class="pp-class-382 pa t46012 l60763 ls1073">amount </span><span class="pp-class-382 pa t46012 l49934 ls103">of </span><span class="pp-class-382 pa t46012 l60764 ls1099">DKK </span><span class="pp-class-382 pa t46012 l60765 ls12482">5,785m </span><span class="pp-class-382 pa t46012 l55499 ls2486">(2023: </span><span class="pp-class-382 pa t46012 l46905 ls1099">DKK </span><span class="pp-class-382 pa t46012 l60766 ls25707">5,752m) </span><span class="pp-class-382 pa t46012 l56839 ls185">have </span><span class="pp-class-382 pa t46012 l60767 ls1323">been </span><span class="pp-class-382 pa t46012 l60768 ls1237">pledged </span><span class="pp-class-382 pa t46012 l56604 ls1080">as </span><span class="pp-class-382 pa t46012 l60769 ls99">security </span><span class="pp-class-382 pa t46023 l3 ls3278">for </span><span class="pp-class-382 pa t46023 l48915 ls819">mortgage </span><span class="pp-class-382 pa t46023 l4249 ls1080">on </span><span class="pp-class-382 pa t46023 l18527 ls2489">ferries </span><span class="pp-class-382 pa t46023 l60770 ls858">and </span><span class="pp-class-382 pa t46023 l60771 ls1323">bank </span><span class="pp-class-382 pa t46023 l40619 ls1759">loans </span><span class="pp-class-382 pa t46023 l48127 ls1323">with </span><span class="pp-class-382 pa t46023 l60772 ls302">a </span><span class="pp-class-382 pa t46023 l16513 ls2889">total </span><span class="pp-class-382 pa t46023 l7649 ls1099">carrying </span><span class="pp-class-382 pa t46023 l60773 ls1073">amount </span><span class="pp-class-382 pa t46023 l60774 ls103">of </span><span class="pp-class-382 pa t46023 l60775 ls858">DKK </span><span class="pp-class-382 pa t46023 l60776 ls2805">3,681m </span><span class="pp-class-382 pa t46023 l20956 ls2486">(2023: </span><span class="pp-class-382 pa t46023 l60777 ls1099">DKK </span><span class="pp-class-382 pa t46023 l60778 ls864">4,002m).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t55080 l3 ls10900">At </span><span class="pp-class-382 pa t55080 l49043 ls960">year </span><span class="pp-class-382 pa t55080 l60779 ls858">end </span><span class="pp-class-382 pa t55080 l60780 ls1150">2024 </span><span class="pp-class-382 pa t55080 l22725 ls1099">DKK </span><span class="pp-class-382 pa t55080 l60781 ls858">11m </span><span class="pp-class-382 pa t55080 l60782 ls2486">(2023: </span><span class="pp-class-382 pa t55080 l10424 ls858">DKK </span><span class="pp-class-382 pa t55080 l60783 ls6360">14m) </span><span class="pp-class-382 pa t55080 l60784 ls103">of </span><span class="pp-class-382 pa t55080 l57915 ls858">the </span><span class="pp-class-382 pa t55080 l60785 ls1323">cash </span><span class="pp-class-382 pa t55080 l60786 ls1150">was </span><span class="pp-class-382 pa t55080 l46005 ls296">deposited </span><span class="pp-class-382 pa t55080 l60787 ls1080">on </span><span class="pp-class-382 pa t55080 l60788 ls3623">restricted </span><span class="pp-class-382 pa t55080 l60789 ls1323">bank </span><span class="pp-class-382 pa t55080 l60790 ls53">accounts.</span></p></div></div> <div id="pp-id-5286" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h60791 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls60792">5.7 </span><span class="pp-class-370 pa t21055 l43638 ls860">Contractual </span><span class="pp-class-370 pa t21055 l12050 ls907">commitments</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l3">DKK </span><span class="pp-class-372 pa t42302 l2737">million </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t42302 l50349 ls332">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42302 l46689">2023 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l3 ls225">Contractual </span><span class="pp-class-372 pa t42308 l56919 ls2329">commitments </span><span class="pp-class-372 pa t42308 l60793 ls1224">property, </span><span class="pp-class-372 pa t42308 l1254 ls907">plant </span><span class="pp-class-372 pa t42308 l60794">and </span><span class="pp-class-372 pa t42308 l12138 ls1008">equipment, </span><span class="pp-class-372 pa t42308 l60795 ls175">term </span><span class="pp-class-372 pa t42308 l60796">0-1 </span><span class="pp-class-372 pa t42308 l60797 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l53310">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t42308 l52948">15</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l3 ls225">Contractual </span><span class="pp-class-372 pa t58049 l56919 ls2329">commitments </span><span class="pp-class-372 pa t58049 l60793">financial </span><span class="pp-class-372 pa t58049 l30844 ls93">instrument, </span><span class="pp-class-372 pa t58049 l60798 ls175">term </span><span class="pp-class-372 pa t58049 l60799">0-1 </span><span class="pp-class-372 pa t58049 l60800 ls124">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l60801 ls134">387</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t58049 l50459">49</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l3 ls225">Contractual </span><span class="pp-class-372 pa t54127 l56919 ls2329">commitments </span><span class="pp-class-372 pa t54127 l60793 ls1224">property, </span><span class="pp-class-372 pa t54127 l1254 ls907">plant </span><span class="pp-class-372 pa t54127 l60794">and </span><span class="pp-class-372 pa t54127 l12138 ls1008">equipment, </span><span class="pp-class-372 pa t54127 l60795 ls175">term </span><span class="pp-class-372 pa t54127 l60796 ls4652">1-5 </span><span class="pp-class-372 pa t54127 l60802 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l50194">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54127 l42371">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60803 l3 ls225">Contractual </span><span class="pp-class-372 pa t60803 l56919 ls2329">commitments </span><span class="pp-class-372 pa t60803 l60793">financial </span><span class="pp-class-372 pa t60803 l30844 ls287">instrument </span><span class="pp-class-372 pa t60803 l60804 ls175">term </span><span class="pp-class-372 pa t60803 l60805 ls4652">1-5 </span><span class="pp-class-372 pa t60803 l60806 ls1326">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60803 l50356">28</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t60803 l50455 ls16">27</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52875 l3 ls171">Contractual </span><span class="pp-class-373 pa t52875 l7455 ls2329">commitments </span><span class="pp-class-373 pa t52875 l60807 ls2329">(undiscounted)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52875 l60808">511</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t52875 l60809">91</span></p></td></tr></table><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t60810 l3 ls858">The </span><span class="pp-class-382 pa t60810 l16631 ls1015">Group’s </span><span class="pp-class-382 pa t60810 l44216 ls4305">contractual </span><span class="pp-class-382 pa t60810 l60811 ls806">commitments </span><span class="pp-class-382 pa t60810 l60812 ls1080">in </span><span class="pp-class-382 pa t60810 l60813 ls1150">2024 </span><span class="pp-class-382 pa t60810 l60814 ls296">include </span><span class="pp-class-382 pa t60810 l60815 ls858">the </span><span class="pp-class-382 pa t60810 l45587 ls8853">purchase </span><span class="pp-class-382 pa t60810 l60816 ls103">of </span><span class="pp-class-382 pa t60810 l60817 ls1080">EU </span><span class="pp-class-382 pa t60810 l60818 ls852">Allowances </span><span class="pp-class-382 pa t60810 l60819 ls3458">related </span><span class="pp-class-382 pa t60810 l60820 ls1759">to </span><span class="pp-class-382 pa t60810 l60821 ls858">the </span><span class="pp-class-382 pa t60810 l60822 ls278">EU </span><span class="pp-class-382 pa t60823 l3 ls1073">Emissions </span><span class="pp-class-382 pa t60823 l3355 ls8634">Trading </span><span class="pp-class-382 pa t60823 l45120 ls2842">System </span><span class="pp-class-382 pa t60823 l34009 ls5039">(ETS) </span><span class="pp-class-382 pa t60823 l60824 ls3623">regulations. </span><span class="pp-class-382 pa t60823 l60825 ls858">The </span><span class="pp-class-382 pa t60823 l31984 ls8853">purchase </span><span class="pp-class-382 pa t60823 l60705 ls103">of </span><span class="pp-class-382 pa t60823 l60826 ls728">ETS </span><span class="pp-class-382 pa t60823 l60827 ls852">allowances </span><span class="pp-class-382 pa t60823 l53180 ls1099">has </span><span class="pp-class-382 pa t60823 l60828 ls1323">been </span><span class="pp-class-382 pa t60823 l60829 ls1323">done </span><span class="pp-class-382 pa t60823 l60830 ls858">via </span><span class="pp-class-382 pa t60823 l60831 ls2787">forward </span><span class="pp-class-382 pa t60832 l3 ls806">instruments </span><span class="pp-class-382 pa t60832 l45776 ls1323">with </span><span class="pp-class-382 pa t60832 l43023 ls728">physical </span><span class="pp-class-382 pa t60832 l55530 ls1535">delivery. </span><span class="pp-class-382 pa t60832 l60833 ls1759">These </span><span class="pp-class-382 pa t60832 l17241 ls806">instruments </span><span class="pp-class-382 pa t60832 l60834 ls800">are </span><span class="pp-class-382 pa t60832 l60835 ls3458">treated </span><span class="pp-class-382 pa t60832 l60836 ls1080">as </span><span class="pp-class-382 pa t60832 l60837 ls803">off-balance </span><span class="pp-class-382 pa t60832 l44630 ls296">sheet </span><span class="pp-class-382 pa t60832 l60838 ls1118">items </span><span class="pp-class-382 pa t60832 l55587 ls1080">as </span><span class="pp-class-382 pa t60832 l60839 ls1099">the </span><span class="pp-class-382 pa t60832 l60840 ls1077">own-use </span><span class="pp-class-382 pa t60841 l3 ls3630">exemption </span><span class="pp-class-382 pa t60841 l36164 ls1759">under </span><span class="pp-class-382 pa t60841 l60842 ls187">IFRS </span><span class="pp-class-382 pa t60841 l60843 ls302">9 </span><span class="pp-class-382 pa t60841 l60844 ls1080">is </span><span class="pp-class-382 pa t60841 l60845 ls99">applied. </span></p></div></div> <div id="pp-id-5289" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61038 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls43602">5.9 </span><span class="pp-class-370 pa t21055 l43638 ls1323">Events </span><span class="pp-class-370 pa t21055 l61039 ls168">after </span><span class="pp-class-370 pa t21055 l61040">the </span><span class="pp-class-370 pa t21055 l61041 ls45">balance </span><span class="pp-class-370 pa t21055 l61042 ls37">sheet </span><span class="pp-class-370 pa t21055 l61043 ls2489">date</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-382 pa t45774 l3 ls1319">No </span><span class="pp-class-382 pa t45774 l61044 ls3630">material </span><span class="pp-class-382 pa t45774 l4268 ls19370">events </span><span class="pp-class-382 pa t45774 l12511 ls712">have </span><span class="pp-class-382 pa t45774 l61045 ls2459">occurred </span><span class="pp-class-382 pa t45774 l61046 ls7855">after </span><span class="pp-class-382 pa t45774 l61047 ls1319">31 </span><span class="pp-class-382 pa t45774 l22304 ls1974">December </span><span class="pp-class-382 pa t45774 l61048 ls2671">2024 </span><span class="pp-class-382 pa t45774 l61049 ls2401">that </span><span class="pp-class-382 pa t45774 l61050 ls712">have </span><span class="pp-class-382 pa t45774 l61051 ls1316">consequences </span><span class="pp-class-382 pa t45774 l61052 ls1243">for </span><span class="pp-class-382 pa t45774 l61053 ls2842">the </span><span class="pp-class-382 pa t45774 l61054 ls2671">2024 </span><span class="pp-class-382 pa t45774 l61055 ls1150">annual </span><span class="pp-class-382 pa t45774 l48042 ls2787">report.</span></p></div></div> <div class="pp-class-10" id="pp-id-5290" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h43637 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2149">5.10 </span><span class="pp-class-370 pa t21055 l43638 ls81">Company </span><span class="pp-class-370 pa t21055 l61056 ls828">overview</span></p></div></div><div id="pp-id-5291" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61057 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l3 ls913">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l61058 ls842">Ownership</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3433 l61059 ls110">share </span><span class="pp-class-372 pa t3433 l61060 ls302">2024</span><span class="pp-class-389 pa t3433 l61061">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l22702 ls910">Country</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61062">City</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61063 ls978">Currency</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61064 ls112">Share </span><span class="pp-class-373 pa t3433 l61065">Capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48838 l3 ls854">Parent </span><span class="pp-class-373 pa t48838 l61066 ls913">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48838 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48838 l61062"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48838 l61068"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48838 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l3">DFDS </span><span class="pp-class-372 pa t54019 l34511 ls1065">A/S</span><span class="pp-class-374 pa t61069 l61070">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l22702" xmlns="http://www.w3.org/1999/xhtml">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l61062 ls175">Copenhagen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l61072 ls3278">1,159,391,940</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54028 l3">Subsidiaries:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54028 l61073"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54028 l61062"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54028 l61074"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l3">DFDS </span><span class="pp-class-372 pa t54029 l34511">Belgium </span><span class="pp-class-372 pa t54029 l61075 ls61076">N.V.</span><span class="pp-class-374 pa t61077 l16476">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l22702">Belgium</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l61062 ls813">Gent</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l61079 ls8012">2,355,976</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54031 l3">N&amp;K </span><span class="pp-class-372 pa t54031 l61080">Cold </span><span class="pp-class-372 pa t54031 l54120">Chain </span><span class="pp-class-372 pa t54031 l61081">Logistics </span><span class="pp-class-372 pa t61082 l3 ls2632">(Shanghai) </span><span class="pp-class-372 pa t61082 l61083 ls150">Co., </span><span class="pp-class-372 pa t61082 l61084 ls34">Ltd.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l22702">China</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l61062">Shanghai</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l61085">CNY</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l61086 ls1237">2,901,420</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61087 l3 ls90">Nifesos </span><span class="pp-class-372 pa t61087 l61088">shipping </span><span class="pp-class-372 pa t61089 l3 ls90">company </span><span class="pp-class-372 pa t61089 l53956 ls1759">Ltd</span><span class="pp-class-389 pa t61089 l61090">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61089 l22702 ls93">Cyprus</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61089 l61062">Limassol</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61089 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61089 l61091 ls1073">1,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61092 l3 ls193">Paschamo </span><span class="pp-class-372 pa t61092 l61093">shipping </span><span class="pp-class-372 pa t61094 l3 ls90">company </span><span class="pp-class-372 pa t61094 l53956 ls1759">Ltd</span><span class="pp-class-389 pa t61094 l61090">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61094 l22702 ls93">Cyprus</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61094 l61062">Limassol</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61094 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61094 l61091 ls1073">1,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l3">DFDS </span><span class="pp-class-372 pa t61095 l34511">Logistics </span><span class="pp-class-372 pa t61095 l61096 ls2147">s.r.o.</span><span class="pp-class-374 pa t61097 l61098">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l22702 ls3241 wtro3159 wtr1293 tro3160 tr1294">Czech </span><span class="pp-class-372 pa t61095 l61099 ls195 wtro3159 wtr1293 tro3160 tr1294">Republic</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l61062 ls1955">Prague</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l61100 ls1309">CZK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l61101 ls2944">1,100,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l3">DFDS </span><span class="pp-class-372 pa t61102 l34511">Logistics </span><span class="pp-class-372 pa t61102 l61096 ls1065">A/S</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l61062 ls134">Esbjerg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l61103 ls650">600,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l3 ls2955">DFDS </span><span class="pp-class-372 pa t61104 l61105 ls3241">Logistics </span><span class="pp-class-372 pa t61104 l38004 ls195">Denmark </span><span class="pp-class-372 pa t61104 l61106 ls24195">A/S</span><span class="pp-class-374 pa t61107 l30022">2</span><span class="pp-class-372 pa t61104 l61108"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l61062">Herning</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l3">DFDS </span><span class="pp-class-372 pa t61110 l34511 ls43">Køletransport </span><span class="pp-class-372 pa t61110 l61111 ls1065">A/S</span><span class="pp-class-374 pa t61112 l33377">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l61062 ls931">Hobro</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l3 ls112">Dronningens </span><span class="pp-class-372 pa t61113 l61114 ls869">Kvarter </span><span class="pp-class-372 pa t61113 l61115">1 </span><span class="pp-class-372 pa t61113 l61116">ApS</span><span class="pp-class-374 pa t61117 l61118">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l61062 ls175">Copenhagen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l3 ls1005">Lundvej </span><span class="pp-class-372 pa t61119 l17681">15 </span><span class="pp-class-372 pa t61119 l54309">ApS</span><span class="pp-class-374 pa t61120 l29318">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l61062 ls175">Copenhagen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l61121 ls2143">100.000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l3">DFDS </span><span class="pp-class-372 pa t61122 l34511">Logistics </span><span class="pp-class-372 pa t61122 l61096">OÜ</span><span class="pp-class-374 pa t61123 l61124">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l22702 ls842">Estonia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l61062 ls650">Tallinn</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l61125 ls2955">3,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l3">DFDS </span><span class="pp-class-372 pa t61126 l34511">Logistics </span><span class="pp-class-372 pa t61126 l61096 ls2949">OY</span><span class="pp-class-374 pa t61127 l61128">2</span><span class="pp-class-391 pa t61127 l61129"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l22702">Finland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l61062 ls47104">Turku</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l61130 ls276">2,520</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l3">DFDS </span><span class="pp-class-372 pa t61131 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61131 l47403 ls6354">S.A.S.</span><span class="pp-class-374 pa t61132 l61133">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l22702 ls110">France</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l61062">Dieppe</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l61134 ls43192">37,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l3 ls180">Ekol </span><span class="pp-class-372 pa t61135 l61136">Logistiques </span><span class="pp-class-372 pa t61135 l21076 ls1005">SARL</span><span class="pp-class-374 pa t61137 l17616"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l22702 ls110">France</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l61062 ls78">Sète</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l61138 ls650">2,045,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l3 ls6100 wtro3159 wtr1724 tro3160 tr1725">DFDS </span><span class="pp-class-372 pa t61139 l23957 ls6498 wtro3159 wtr1724 tro3160 tr1725">Germany </span><span class="pp-class-372 pa t61139 l61140 ls7611 wtro3159 wtr1724 tro3160 tr1725">ApS </span><span class="pp-class-372 pa t61139 l10482 ls4305 wtro3159 wtr1724 tro3160 tr1725">&amp; </span><span class="pp-class-372 pa t61139 l61141 ls21295 wtro3159 wtr1724 tro3160 tr1725">Co. </span><span class="pp-class-372 pa t61139 l61142 ls61143 wtro3159 wtr1724 tro3160 tr1725">KG</span><span class="pp-class-374 pa t61144 l32310 wtro42446 wtr1724 tro42447 tr1725"/><span class="pp-class-374 pa t61144 l61145 ls1321 wtro42446 wtr1724 tro42447 tr1725">2, </span><span class="pp-class-374 pa t61144 l61146 ls12 wtro42446 wtr1724 tro42447 tr1725">3</span><span class="pp-class-392 pa t61144 l61147 wtro42446 wtr1724 tro42447 tr1725"/><span class="pp-class-389 pa t61139 l61148 wtro3159 wtr1724 tro3160 tr1725"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l61062 ls134">Hamburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l61149 ls650">25,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l3 ls180">Ekol </span><span class="pp-class-372 pa t61150 l61136">Logistik </span><span class="pp-class-372 pa t61150 l36255">GmbH</span><span class="pp-class-392 pa t61151 l61152"/><span class="pp-class-389 pa t61150 l61153"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l61062">Gernsheim</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l61154 ls2787">435,621</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l3">EU </span><span class="pp-class-372 pa t61155 l34189 ls803">Trucking </span><span class="pp-class-372 pa t61155 l61156 ls1227">Service </span><span class="pp-class-372 pa t61155 l61157">GmbH</span><span class="pp-class-392 pa t61158 l61159"/><span class="pp-class-389 pa t61155 l61160"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l61062 ls144">Lingenfeld</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l61161 ls195">50,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61162 l3">DFDS </span><span class="pp-class-372 pa t61162 l34511 ls110">Grundstücksverwal-</span><span class="pp-class-372 pa t61163 l3">tungs </span><span class="pp-class-372 pa t61163 l61164">GmbH </span><span class="pp-class-372 pa t61163 l38658">&amp; </span><span class="pp-class-372 pa t61163 l61165">Co </span><span class="pp-class-372 pa t61163 l61166 ls9956">KG.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l61062 ls3310 wtro3159 wtr1724 tro3160 tr1725">Neuenkirchen-Vörden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l61167 ls195">20,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l3">DFDS </span><span class="pp-class-372 pa t61168 l34511">Logistics </span><span class="pp-class-372 pa t61168 l61096">GmbH</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l61062 ls3310 wtro3159 wtr1724 tro3160 tr1725">Neuenkirchen-Vörden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l61149 ls650">25,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61169 l3">DFDS </span><span class="pp-class-372 pa t61169 l34511">Logistics </span><span class="pp-class-372 pa t61170 l3">Deutschland </span><span class="pp-class-372 pa t61170 l18569">GmbH</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l61062 ls3310 wtro3159 wtr1724 tro3160 tr1725">Neuenkirchen-Vörden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l61149 ls650">25,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l3 ls1150 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-372 pa t61171 l61172 ls1150 wtro3159 wtr1293 tro3160 tr1294">Rail </span><span class="pp-class-372 pa t61171 l61173 ls650 wtro3159 wtr1293 tro3160 tr1294">GmbH</span><span class="pp-class-374 pa t61174 l61175 ls214 wtro42446 wtr1293 tro42447 tr1294">2, </span><span class="pp-class-374 pa t61174 l61176 wtro42446 wtr1293 tro42447 tr1294">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l61062 ls800">Troisdorf</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l61177 ls2760">98,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l3 ls180">Ekol </span><span class="pp-class-372 pa t61178 l61136">Logistics </span><span class="pp-class-372 pa t61178 l53416 ls8622">LTD</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l22702 ls110">Greece</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l61062">Thessaloniki</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l61179 ls2143">1,900,500</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5292" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61180 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l43209 ls913 wtro3159 wtr61182 tro3160 tr61183">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61184 l61185 ls842 wtro3159 wtr61182 tro3160 tr61183">Ownership</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61181 l61186 ls110 wtro3159 wtr61182 tro3160 tr61183">share </span><span class="pp-class-372 pa t61181 l61187 ls302 wtro3159 wtr61182 tro3160 tr61183">2024</span><span class="pp-class-389 pa t61181 l61188 wtro3159 wtr61182 tro3160 tr61183">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l61189 ls910 wtro3159 wtr61182 tro3160 tr61183">Country</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l61190 wtro3159 wtr61182 tro3160 tr61183">City</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l61191 ls978 wtro3159 wtr61182 tro3160 tr61183">Currency</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l61192 ls112 wtro3159 wtr61182 tro3160 tr61183">Share </span><span class="pp-class-373 pa t61181 l61193 wtro3159 wtr61182 tro3160 tr61183">Capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l3 ls180">Ekol </span><span class="pp-class-372 pa t61194 l61136">Logistics </span><span class="pp-class-372 pa t61194 l53416 ls1150">Kft</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l22702 ls1969">Hungary</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61062">Budapest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61195">HUF</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61196 ls7966">720,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l3 ls254">Alphatrans-Szállítás </span><span class="pp-class-372 pa t61198 l3 ls168">Szolgáltató </span><span class="pp-class-372 pa t61198 l61199 ls3572">Kft.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l22702 ls1969">Hungary</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61062 ls1008">Gyula</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61195">HUF</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61200 ls14357">3,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l3">Bond </span><span class="pp-class-372 pa t61201 l56228 ls842">Delivery </span><span class="pp-class-372 pa t61201 l61202 ls671">Ireland </span><span class="pp-class-372 pa t61201 l61203 ls34">Ltd.</span><span class="pp-class-374 pa t61204 l61205">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l3">DFDS </span><span class="pp-class-372 pa t61207 l34511">Logistics </span><span class="pp-class-372 pa t61207 l61096 ls978">Contracts </span><span class="pp-class-372 pa t61208 l3 ls241">(Ireland) </span><span class="pp-class-372 pa t61208 l33317 ls34">Ltd.</span><span class="pp-class-374 pa t61209 l61210">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l61211">200</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l3">DFDS </span><span class="pp-class-372 pa t61212 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61212 l47403 ls671">Ireland </span><span class="pp-class-372 pa t61212 l61213 ls34">Ltd.</span><span class="pp-class-389 pa t61212 l61214">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l3 ls4433 wtro3159 wtr1293 tro3160 tr1294">Lucey </span><span class="pp-class-372 pa t61215 l61216 ls4372 wtro3159 wtr1293 tro3160 tr1294">Transport </span><span class="pp-class-372 pa t61215 l14290 ls3003 wtro3159 wtr1293 tro3160 tr1294">Logistics </span><span class="pp-class-372 pa t61215 l61217 ls1670 wtro3159 wtr1293 tro3160 tr1294">Ltd.</span><span class="pp-class-374 pa t61218 l61219 wtro42446 wtr1293 tro42447 tr1294">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l61125 ls2955">3,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61220 l3 ls128">McBurney </span><span class="pp-class-372 pa t61220 l61221 ls997">Refrigeration </span><span class="pp-class-372 pa t61222 l3 ls241">(Ireland) </span><span class="pp-class-372 pa t61222 l33317 ls34">Ltd.</span><span class="pp-class-374 pa t61223 l61210">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61222 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61222 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61222 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61222 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l3 ls180">Ekol </span><span class="pp-class-372 pa t61224 l61136">Logistics </span><span class="pp-class-372 pa t61224 l53416">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l22702 ls1323">Italy</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l61062 ls53">Novara</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l61225 ls650">400,001</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61226 l3">Samer </span><span class="pp-class-372 pa t61226 l61227 ls1227">Seaports </span><span class="pp-class-372 pa t61226 l58169">&amp; </span><span class="pp-class-372 pa t61228 l3 ls2842">Terminals </span><span class="pp-class-372 pa t61228 l51041">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l61229 ls3036">60.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l22702 ls1323">Italy</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l61062 ls650">Trieste</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l61230 ls1945">2,800,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l3">DFDS </span><span class="pp-class-372 pa t61231 l34511">SIA</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l22702 ls854">Latvia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l61062">Liepaja</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l61232 ls1772">113,886</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l3">AB </span><span class="pp-class-372 pa t61233 l61234">DFDS </span><span class="pp-class-372 pa t61233 l47235 ls1271">Seaways</span><span class="pp-class-374 pa t61235 l21706">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l10550 ls3216">99.30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l22702">Lithuania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l61062">Klaipeda</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l61236 ls3230">95,251,735</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l3 ls68">UAB </span><span class="pp-class-372 pa t61237 l61238">DFDS </span><span class="pp-class-372 pa t61237 l44320 ls1974">Trucking</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l22702">Lithuania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l61062">Klaipeda</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l61239 ls1370">89,782</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l3">DFDS </span><span class="pp-class-372 pa t61240 l34511 ls110">Maroc </span><span class="pp-class-372 pa t61240 l23641 ls2045">S.A.R.L.A.U.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l22702 ls134">Morocco</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l61062 ls650">Tangier</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l61241">MAD</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l61242 ls858">24,162,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l3">Red </span><span class="pp-class-372 pa t61243 l61244">fish </span><span class="pp-class-372 pa t61243 l61245">Speedlines </span><span class="pp-class-372 pa t61243 l61246 ls1005">SARL</span><span class="pp-class-374 pa t61247 l12392">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l22702 ls134">Morocco</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l61062 ls650">Tangier</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l61241">MAD</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l61248 ls18115">6,600,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61249 l3 ls168">Alphatrans </span><span class="pp-class-372 pa t61249 l61250 ls150">International </span><span class="pp-class-372 pa t61251 l3 ls803">Trucking </span><span class="pp-class-372 pa t61251 l61252 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l61062">Brielle</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l61254 ls9967">18,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l3">EU </span><span class="pp-class-372 pa t61255 l34189 ls803">Trucking </span><span class="pp-class-372 pa t61255 l61156 ls1227">Service </span><span class="pp-class-372 pa t61255 l61157 ls61253">B.V.</span><span class="pp-class-374 pa t61256 l61257">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l61062 ls16">Eindhoven</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l61258 ls4343">270,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l3 ls1150">DFDS </span><span class="pp-class-372 pa t61259 l46065 ls2149">Logistics </span><span class="pp-class-372 pa t61259 l61260 ls2760">Nijmegen </span><span class="pp-class-372 pa t61259 l30305 ls61261">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l61062">Nijmegen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l61262 ls2851">40,840</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61263 l3">DFDS </span><span class="pp-class-372 pa t61263 l34511 ls214">Warehousing </span><span class="pp-class-372 pa t61264 l3 ls658">Rotterdam </span><span class="pp-class-372 pa t61264 l61265 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61264 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61264 l61062 ls1955">Rotterdam</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61264 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61264 l61254 ls9967">18,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l3">DFDS </span><span class="pp-class-372 pa t61266 l34511">Holding </span><span class="pp-class-372 pa t61266 l4217 ls61253">B.V.</span><span class="pp-class-389 pa t61266 l61267">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l61062 ls278">Vlaardingen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l61268 ls3036">40,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l3">DFDS </span><span class="pp-class-372 pa t61269 l34511">Logistics </span><span class="pp-class-372 pa t61269 l61096 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l61062 ls278">Vlaardingen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l61270 ls2787">455,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l3">DFDS </span><span class="pp-class-372 pa t61271 l34511 ls78">NewCo </span><span class="pp-class-372 pa t61271 l61272 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l61062 ls278">Vlaardingen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l3">DFDS </span><span class="pp-class-372 pa t61273 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61273 l47403 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l61062 ls278">Vlaardingen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l61274 ls4305">18,400</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l3">DFDS </span><span class="pp-class-372 pa t61275 l34511">Logistics </span><span class="pp-class-372 pa t61275 l61096">Wijchen </span><span class="pp-class-372 pa t61275 l61276 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l61062">Wijchen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l61167 ls195">20,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l3">DFDS </span><span class="pp-class-372 pa t61277 l34511 ls803">Trucking </span><span class="pp-class-372 pa t61277 l61278">Wijchen </span><span class="pp-class-372 pa t61277 l61279 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l61062">Wijchen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l61280 ls1309">18,152</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l3 ls8265 wtro3159 wtr1724 tro3160 tr1725">DFDS </span><span class="pp-class-372 pa t61281 l59371 ls32907 wtro3159 wtr1724 tro3160 tr1725">Warehousing </span><span class="pp-class-372 pa t61281 l61282 ls798 wtro3159 wtr1724 tro3160 tr1725">Wijchen </span><span class="pp-class-372 pa t61281 l61283 ls61284 wtro3159 wtr1724 tro3160 tr1725">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l61062">Wijchen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l61280 ls1309">18,152</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l3">DFDS </span><span class="pp-class-372 pa t61285 l34511">Distri </span><span class="pp-class-372 pa t61285 l17391">Holding </span><span class="pp-class-372 pa t61285 l61286 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l61062 ls316">Winterswijk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l61254 ls9967">18,000</span></p></td></tr></table></div></div><div id="pp-id-5126" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3">Unless </span><span class="pp-class-376 pa t3433 l17697 ls1667">otherwise </span><span class="pp-class-376 pa t3439 l3 ls128">indicated, </span><span class="pp-class-376 pa t3439 l61287">the </span><span class="pp-class-376 pa t3445 l3">companies </span><span class="pp-class-376 pa t3445 l16458 ls85">are </span><span class="pp-class-376 pa t3445 l61288 ls128">100% </span><span class="pp-class-376 pa t4202 l3 ls78">owned </span><span class="pp-class-376 pa t4202 l61289 ls1955">by </span><span class="pp-class-376 pa t4202 l61290">the </span><span class="pp-class-376 pa t4202 l61291">DFDS </span><span class="pp-class-376 pa t4210 l3 ls214">Group.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3457 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3463 l3">The </span><span class="pp-class-376 pa t3463 l16790 ls90">Company </span><span class="pp-class-376 pa t3463 l47242">is </span><span class="pp-class-376 pa t3463 l61292 ls1099">directly </span><span class="pp-class-376 pa t4229 l3 ls78">owned </span><span class="pp-class-376 pa t4229 l61289 ls1955">by </span><span class="pp-class-376 pa t4229 l61290">the </span><span class="pp-class-376 pa t4229 l61291 ls214">Parent </span><span class="pp-class-376 pa t4234 l3 ls90">Company </span><span class="pp-class-376 pa t4234 l61293">DFDS </span><span class="pp-class-376 pa t4234 l61294 ls1065">A/S</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3479 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3484 l3 ls2220">Relief </span><span class="pp-class-376 pa t3484 l18661">in </span><span class="pp-class-376 pa t3484 l61295 ls278">accordance </span><span class="pp-class-376 pa t3488 l3">with </span><span class="pp-class-376 pa t3488 l16321 ls150">Sec. </span><span class="pp-class-376 pa t3488 l61296">264b </span><span class="pp-class-376 pa t3488 l29318">German </span><span class="pp-class-376 pa t3494 l3 ls7094">Commercial </span><span class="pp-class-376 pa t3494 l61297 ls1859">Code </span><span class="pp-class-376 pa t3494 l61298 ls3477">(HGB).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3500 l3">4</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3501 l3">Due </span><span class="pp-class-376 pa t3501 l19071 ls166">to </span><span class="pp-class-376 pa t3501 l19072">minority </span><span class="pp-class-376 pa t4266 l3 ls860">protection </span><span class="pp-class-376 pa t4266 l61299">in </span><span class="pp-class-376 pa t4266 l61300">the </span><span class="pp-class-376 pa t4273 l3 ls166">shareholders’ </span><span class="pp-class-376 pa t4281 l3 ls265">agreements </span><span class="pp-class-376 pa t4281 l53749">the </span><span class="pp-class-376 pa t4281 l11632">DFDS </span><span class="pp-class-376 pa t4288 l3 ls110">Group </span><span class="pp-class-376 pa t4288 l12766">does </span><span class="pp-class-376 pa t4288 l61301 ls150">not </span><span class="pp-class-376 pa t4288 l61302 ls99">have </span><span class="pp-class-376 pa t4288 l53453">a </span><span class="pp-class-376 pa t4297 l3 ls171">controlling </span><span class="pp-class-376 pa t4297 l17493 ls78">interest.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t50316 l3">5</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t4309 l3 ls842">Includes </span><span class="pp-class-376 pa t4309 l61303">Belgian </span><span class="pp-class-376 pa t4313 l3 ls671">branch, </span><span class="pp-class-376 pa t4313 l61304 ls37">Dutch </span><span class="pp-class-376 pa t4313 l61305 ls671">branch, </span><span class="pp-class-376 pa t4317 l3 ls982">Estonian </span><span class="pp-class-376 pa t4317 l44406 ls671">branch, </span><span class="pp-class-376 pa t4317 l61306 ls134">French </span><span class="pp-class-376 pa t4322 l3 ls671">branch, </span><span class="pp-class-376 pa t4322 l61304">Lithuanian </span><span class="pp-class-376 pa t50327 l3 ls671">branch, </span><span class="pp-class-376 pa t50327 l61304 ls96">Norwegian </span><span class="pp-class-376 pa t61307 l3 ls671">branch, </span><span class="pp-class-376 pa t61307 l61304 ls1005">Swedish </span><span class="pp-class-376 pa t61307 l61308 ls134">branch </span><span class="pp-class-376 pa t61309 l3">and </span><span class="pp-class-376 pa t61309 l4247">UK </span><span class="pp-class-376 pa t61309 l54116 ls134">branch </span><span class="pp-class-376 pa t61309 l14056 ls287">of </span><span class="pp-class-376 pa t61309 l61310">DFDS </span><span class="pp-class-376 pa t61311 l3 ls1065">A/S</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t61312 l3">6</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t61313 l3 ls2220">Relief </span><span class="pp-class-376 pa t61313 l18661">in </span><span class="pp-class-376 pa t61313 l61295 ls278">accordance </span><span class="pp-class-376 pa t61314 l3">with </span><span class="pp-class-376 pa t61314 l16321 ls72">Sec.264 </span><span class="pp-class-376 pa t61314 l61315 ls193">para. </span><span class="pp-class-376 pa t61314 l61316">3 </span><span class="pp-class-376 pa t61317 l3">German </span><span class="pp-class-376 pa t61317 l3302 ls171">Commercial </span><span class="pp-class-376 pa t61318 l3">Code </span><span class="pp-class-376 pa t61318 l53174">(HGB)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t61319 l3">7</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t61320 l3 ls842">Includes </span><span class="pp-class-376 pa t61320 l61303">Belgian </span><span class="pp-class-376 pa t61320 l34101 ls110">branch</span></p></div></div><div class="pp-class-10" id="pp-id-5293" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h43637 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2149">5.10 </span><span class="pp-class-370 pa t21055 l43638 ls81">Company </span><span class="pp-class-370 pa t21055 l61056 ls828">overview</span><span class="pp-class-371 pa t21055 l61322"/><span class="pp-class-371 pa t21055 l61323 ls155">(continued)</span></p></div></div><div class="pp-class-10" id="pp-id-5294" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61324 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l3 ls913">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l61058 ls842">Ownership</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3433 l61059 ls110">share </span><span class="pp-class-372 pa t3433 l61060 ls302">2024</span><span class="pp-class-389 pa t3433 l61061">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l22702 ls910">Country</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61062">City</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61063 ls978">Currency</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61064 ls112">Share </span><span class="pp-class-373 pa t3433 l61065">Capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l3 ls7694 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-372 pa t61194 l61325 ls2459 wtro3159 wtr1293 tro3160 tr1294">Logistics </span><span class="pp-class-372 pa t61194 l61326 ls195 wtro3159 wtr1293 tro3160 tr1294">Winterswijk </span><span class="pp-class-372 pa t61194 l61327 ls61328 wtro3159 wtr1293 tro3160 tr1294">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61062 ls316">Winterswijk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61329 ls1309">18,151</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l3">DFDS </span><span class="pp-class-372 pa t61197 l34511 ls1264">Property </span><span class="pp-class-372 pa t61197 l61330">and </span><span class="pp-class-372 pa t61198 l3 ls45">Equipment </span><span class="pp-class-372 pa t61198 l47216 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61062 ls316">Winterswijk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61167 ls195">20,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61201 l41618 ls53">Property </span><span class="pp-class-372 pa t61201 l61331 ls2694">Nijmegen </span><span class="pp-class-372 pa t61201 l5586 ls61332">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61062 ls316">Winterswijk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61254 ls9967">18,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l3 ls1227">NorthSea </span><span class="pp-class-372 pa t61207 l61333 ls2854">Terminal </span><span class="pp-class-372 pa t61207 l54235 ls124">AS</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l22702 ls124">Norway</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l61062 ls1309">Brevik</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l61334">NOK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l61335 ls3230">1,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l3">DFDS </span><span class="pp-class-372 pa t61336 l34511">Logistics </span><span class="pp-class-372 pa t61336 l61096 ls124">AS</span><span class="pp-class-374 pa t61337 l6899">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l22702 ls124">Norway</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l61062 ls2489">Lysaker</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l61334">NOK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l61242 ls2147">20,538,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l3">DFDS </span><span class="pp-class-372 pa t61338 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61338 l47403 ls124">AS</span><span class="pp-class-374 pa t61339 l61340">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l22702 ls124">Norway</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l61062">Oslo</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l61334">NOK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l61341 ls650">12,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l3 ls180">Ekol </span><span class="pp-class-372 pa t61342 l61136">Logistics </span><span class="pp-class-372 pa t61342 l53416 ls1005">Sp. </span><span class="pp-class-372 pa t61342 l61343">z </span><span class="pp-class-372 pa t61342 l61344 ls1298">o.o.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l22702 ls128">Poland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l61062 ls1759">Koninko</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l61345">PLN</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l3">DFDS </span><span class="pp-class-372 pa t61346 l34511 ls203">Polska </span><span class="pp-class-372 pa t61346 l61347 ls1005">Sp. </span><span class="pp-class-372 pa t61346 l61348">z </span><span class="pp-class-372 pa t61346 l61349 ls1298">o.o.</span><span class="pp-class-374 pa t61350 l61351">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l22702 ls128">Poland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l61062 ls134">Poznan</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l61345">PLN</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l61352 ls16981">10,005,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l3">DFDS </span><span class="pp-class-372 pa t61353 l34511 ls254">Investments </span><span class="pp-class-372 pa t61353 l61354 ls1005">Sp. </span><span class="pp-class-372 pa t61353 l61355">z </span><span class="pp-class-372 pa t61353 l61045 ls1298">o.o.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l61356 ls3036">80.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l22702 ls128">Poland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l61062">Szubin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l61345">PLN</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l58740 ls3241">5,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l3 ls719 wtro3159 wtr1724 tro3160 tr1725">DFDS </span><span class="pp-class-372 pa t61357 l61358 ls47104 wtro3159 wtr1724 tro3160 tr1725">Logistics </span><span class="pp-class-372 pa t61357 l61359 ls14073 wtro3159 wtr1724 tro3160 tr1725">Polska </span><span class="pp-class-372 pa t61357 l61360 ls3190 wtro3159 wtr1724 tro3160 tr1725">Sp. </span><span class="pp-class-372 pa t61357 l61361 ls1150 wtro3159 wtr1724 tro3160 tr1725">z </span><span class="pp-class-372 pa t61357 l61362 ls14019 wtro3159 wtr1724 tro3160 tr1725">o.o.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l61356 ls3036">80.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l22702 ls128">Poland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l61062">Szubin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l61345">PLN</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l61161 ls195">50,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l3 ls1722 wtro3159 wtr1724 tro3160 tr1725">Ekol </span><span class="pp-class-372 pa t61363 l61364 ls2949 wtro3159 wtr1724 tro3160 tr1725">International </span><span class="pp-class-372 pa t61363 l61365 ls1742 wtro3159 wtr1724 tro3160 tr1725">Logistics </span><span class="pp-class-372 pa t61363 l61366 ls2784 wtro3159 wtr1724 tro3160 tr1725">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l22702">Romania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l61062 ls1259">Bucharest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l61367 ls254">RON</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l61368 ls858">64,060</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l3">EU </span><span class="pp-class-372 pa t61369 l34189 ls803">Trucking </span><span class="pp-class-372 pa t61369 l61156 ls1227">Service </span><span class="pp-class-372 pa t61369 l61157">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l22702">Romania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l61062 ls1259">Bucharest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l61367 ls254">RON</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l61370 ls650">230,630</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61371 l3">DFDS </span><span class="pp-class-372 pa t61371 l34511">Logistics </span><span class="pp-class-372 pa t61371 l61096 ls96">Solutions </span><span class="pp-class-372 pa t61372 l3">Romania </span><span class="pp-class-372 pa t61372 l61373">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l22702">Romania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l61062 ls1259">Bucharest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l61367 ls254">RON</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l61374 ls740">147,050</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l3 ls789 wtro3159 wtr1293 tro3160 tr1294">Romania </span><span class="pp-class-372 pa t61375 l61376 ls4372 wtro3159 wtr1293 tro3160 tr1294">Transport </span><span class="pp-class-372 pa t61375 l61377 ls17717 wtro3159 wtr1293 tro3160 tr1294">Group </span><span class="pp-class-372 pa t61375 l61378 ls3230 wtro3159 wtr1293 tro3160 tr1294">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l22702">Romania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l61062">Tibod</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l61367 ls254">RON</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l61091 ls1073">1,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l3 ls180">Ekol </span><span class="pp-class-372 pa t61379 l61136 ls316">Logistika </span><span class="pp-class-372 pa t61379 l61380 ls49709">D.O.O </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l22702 ls124">Slovenia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l61062">Ljubljana</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l61381 ls195">40,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l3 ls180">Ekol </span><span class="pp-class-372 pa t61382 l61136">Spain </span><span class="pp-class-372 pa t61382 l11568">Logistics </span><span class="pp-class-372 pa t61382 l5376 ls78">S.L.U.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l61062 ls1259">Barcelona</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l61383 ls1772">1,603,100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61384 l3">DFDS </span><span class="pp-class-372 pa t61384 l34511 ls90">Destination </span><span class="pp-class-372 pa t61384 l61385 ls671">Morocco </span><span class="pp-class-372 pa t61386 l3 ls78">S.L.U.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61386 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61386 l61062 ls3362">Tarifa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61386 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61386 l58096 ls2854">60,102</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l3">DFDS </span><span class="pp-class-372 pa t61387 l34511">Iberia </span><span class="pp-class-372 pa t61387 l49165 ls78">S.L.U.</span><span class="pp-class-389 pa t61387 l55363">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l61062 ls3362">Tarifa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l61388 ls17725">8,700,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l3">N&amp;K </span><span class="pp-class-372 pa t61389 l61080">Spedition </span><span class="pp-class-372 pa t61389 l61390">Spain </span><span class="pp-class-372 pa t61389 l22532 ls3688">S.L.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l61062 ls7858">Tarragona</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l61391 ls195">60,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61392 l41618 ls1057">Seaways </span><span class="pp-class-372 pa t61392 l61393 ls2694">Hispania </span><span class="pp-class-372 pa t61392 l61394 ls76">S.L.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l61062 ls274">Valencia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l61125 ls2955">3,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l3">DFDS </span><span class="pp-class-372 pa t61395 l34511">AB</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61397 l41618 ls1073">Logistics </span><span class="pp-class-372 pa t61397 l56830 ls7694">Contracts </span><span class="pp-class-372 pa t61397 l61398 ls302">AB</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l61161 ls195">50,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l3">DFDS </span><span class="pp-class-372 pa t61399 l34511">Logistics </span><span class="pp-class-372 pa t61399 l61096 ls8394">Partners </span><span class="pp-class-372 pa t61399 l61400">AB</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l61401 ls3241">85.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l61335 ls3230">1,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l3 ls258">DFDS </span><span class="pp-class-372 pa t61402 l61403 ls150">Logistics </span><span class="pp-class-372 pa t61402 l61404 ls907">Services </span><span class="pp-class-372 pa t61402 l17239 ls175">AB</span><span class="pp-class-374 pa t61405 l16411"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l61101 ls2944">1,100,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l3">DFDS </span><span class="pp-class-372 pa t61406 l34511 ls254">Professionals </span><span class="pp-class-372 pa t61406 l61407">AB</span><span class="pp-class-374 pa t61408 l61409">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l61410 ls50142">87.50</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l61149 ls650">25,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61411 l3 ls2056">DFDS </span><span class="pp-class-372 pa t61411 l61412 ls5535">Denizcilik </span><span class="pp-class-372 pa t61411 l61413 ls254">ve </span><span class="pp-class-372 pa t61414 l3 ls105">Tasimacilik </span><span class="pp-class-372 pa t61414 l4533 ls6655">A.Ş.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l61415 ls800">98.80</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l22702 ls7858">Türkiye</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l61062 ls96">Istanbul</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l61416 ls16981">369,967,159</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61417 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61417 l41618 ls12527">Turkey </span><span class="pp-class-372 pa t61417 l44819 ls1701">Denizcilik </span><span class="pp-class-372 pa t61417 l51210 ls1319">ve </span><span class="pp-class-372 pa t61418 l3 ls742">Tasi </span><span class="pp-class-372 pa t61418 l61419 ls46217">Yati </span><span class="pp-class-372 pa t61418 l53871 ls76">A.Ş.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l22702 ls7858">Türkiye</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l61062 ls96">Istanbul</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l61420 ls7694">342,000,000</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5295" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61421 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l43209 ls913 wtro3159 wtr61422 tro3160 tr61423">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l61185 ls842 wtro3159 wtr61422 tro3160 tr61423">Ownership</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3433 l61186 ls110 wtro3159 wtr61422 tro3160 tr61423">share </span><span class="pp-class-372 pa t3433 l61187 ls302 wtro3159 wtr61422 tro3160 tr61423">2024</span><span class="pp-class-389 pa t3433 l61188 wtro3159 wtr61422 tro3160 tr61423">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61189 ls910 wtro3159 wtr61422 tro3160 tr61423">Country</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61190 wtro3159 wtr61422 tro3160 tr61423">City</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61191 ls978 wtro3159 wtr61422 tro3160 tr61423">Currency</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61192 ls112 wtro3159 wtr61422 tro3160 tr61423">Share </span><span class="pp-class-373 pa t3433 l61193 wtro3159 wtr61422 tro3160 tr61423">Capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l3 ls1868">Ekol </span><span class="pp-class-372 pa t61194 l59541 ls2694">Lojistik </span><span class="pp-class-372 pa t61194 l61424 ls3377">Ltd.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l22702 ls7858">Türkiye</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61062 ls96">Istanbul</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61425 ls61426">2,872,747</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l3 ls1868">Ekol </span><span class="pp-class-372 pa t61197 l59541 ls3539">Transport </span><span class="pp-class-372 pa t61197 l47295 ls6655">A.Ş.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l22702 ls7858">Türkiye</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l61062 ls96">Istanbul</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l61427 ls7243">47,210,796</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l3 ls1237">LLC </span><span class="pp-class-372 pa t61428 l17362">DFDS</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l22702 ls134">Ukraine</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l61062 ls124">Kiev</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l61085 ls1065">UAH</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l61429 ls7729">357,644</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l3 ls907">Bondelivery </span><span class="pp-class-372 pa t61430 l29575">NI </span><span class="pp-class-372 pa t61430 l6460 ls34">Ltd.</span><span class="pp-class-374 pa t61431 l29980">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l22702 ls2149">United </span><span class="pp-class-372 pa t61430 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l61062 ls168">Ballymena</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l61434 ls1772">260,110</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l3 ls8569 wtro3159 wtr1724 tro3160 tr1725">McBurney </span><span class="pp-class-372 pa t61435 l61436 ls23068 wtro3159 wtr1724 tro3160 tr1725">Transport </span><span class="pp-class-372 pa t61435 l61437 ls46095 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-372 pa t61435 l61438 ls23513 wtro3159 wtr1724 tro3160 tr1725">Ltd.</span><span class="pp-class-374 pa t61439 l61440 wtro42446 wtr1724 tro42447 tr1725">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l22702 ls2149">United </span><span class="pp-class-372 pa t61435 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l61062 ls168">Ballymena</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l61441 ls7841">947,934</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l3 ls1237 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-372 pa t61442 l61443 ls2134 wtro3159 wtr1293 tro3160 tr1294">Warehousing </span><span class="pp-class-372 pa t61442 l61444 ls1148 wtro3159 wtr1293 tro3160 tr1294">Corby </span><span class="pp-class-372 pa t61442 l61445 ls7096 wtro3159 wtr1293 tro3160 tr1294">Ltd.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l22702 ls2149">United </span><span class="pp-class-372 pa t61442 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l61062 ls1326">Corby</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l3 ls1237 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-372 pa t61446 l61443 ls1818 wtro3159 wtr1293 tro3160 tr1294">Logistics </span><span class="pp-class-372 pa t61446 l31245 ls7096 wtro3159 wtr1293 tro3160 tr1294">Contracts </span><span class="pp-class-372 pa t61446 l61447 ls7096 wtro3159 wtr1293 tro3160 tr1294">Ltd.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l22702 ls2149">United </span><span class="pp-class-372 pa t61446 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l61448 ls2142">2,571,495</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l3">DFDS </span><span class="pp-class-372 pa t61449 l34511">Logistics </span><span class="pp-class-372 pa t61449 l61096 ls34">Ltd.</span><span class="pp-class-374 pa t61450 l51390">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l22702 ls2149">United </span><span class="pp-class-372 pa t61449 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l61451 ls650">15,150,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61452 l41618 ls1073">Logistics </span><span class="pp-class-372 pa t61452 l56830 ls1099">Services </span><span class="pp-class-372 pa t61452 l61453 ls4652">Ltd.</span><span class="pp-class-374 pa t61454 l59107">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l22702 ls2149">United </span><span class="pp-class-372 pa t61452 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l3 ls16">DFDS </span><span class="pp-class-372 pa t61455 l55205 ls2787">Seaways </span><span class="pp-class-372 pa t61455 l61404 ls897">Holding </span><span class="pp-class-372 pa t61455 l61456 ls3105">Ltd.</span><span class="pp-class-374 pa t61457 l36668">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l22702 ls2149">United </span><span class="pp-class-372 pa t61455 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l61458 ls650">250,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l3">DFDS </span><span class="pp-class-372 pa t61459 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61459 l47403 ls1005">Plc.</span><span class="pp-class-374 pa t61460 l61461">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l22702 ls2149">United </span><span class="pp-class-372 pa t61459 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l61462 ls2143">40,250,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61463 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61464 l3 ls241">Associates </span><span class="pp-class-373 pa t61464 l57236">and </span><span class="pp-class-373 pa t61464 l61465 ls907">joint </span><span class="pp-class-373 pa t61466 l3 ls124">ventures:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61466 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61466 l61062"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61466 l61068"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l3 ls931">Euro </span><span class="pp-class-372 pa t61467 l61468">Asia </span><span class="pp-class-372 pa t61467 l27755">cold </span><span class="pp-class-372 pa t61467 l61469">Chain </span><span class="pp-class-372 pa t61467 l47107">Logistic</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l61470 ls1073">52.04</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l22702">China</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l61062">Shanghai</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l61085">CNY</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l61471 ls2970">22,100,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l3">DeaL </span><span class="pp-class-372 pa t61472 l61473 ls134">Energy </span><span class="pp-class-372 pa t61472 l61474 ls1065">A/S</span><span class="pp-class-374 pa t61475 l27598 wtro42446 wtr1724 tro42447 tr1725">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l61476 ls3036">50.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l61062">Hellerup</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l3">Bohus </span><span class="pp-class-372 pa t61477 l6937 ls2854">Terminal </span><span class="pp-class-372 pa t61477 l61478">Holding </span><span class="pp-class-372 pa t61477 l61479">AB</span><span class="pp-class-374 pa t61480 l61481 wtro42446 wtr1724 tro42447 tr1725">4</span><span class="pp-class-374 pa t61480 l61482"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l61483 ls3241">65.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l61161 ls195">50,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l3 ls23508 wtro3159 wtr9936 tro3160 tr9937">Gothenburg </span><span class="pp-class-372 pa t61484 l61485 ls6636 wtro3159 wtr9936 tro3160 tr9937">RO/RO </span><span class="pp-class-372 pa t61484 l61486 ls50142 wtro3159 wtr9936 tro3160 tr9937">Terminal </span><span class="pp-class-372 pa t61484 l61487 ls4305 wtro3159 wtr9936 tro3160 tr9937">AB</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l61483 ls3241">65.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l61488 ls18115">5,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61489 l3">25 </span><span class="pp-class-373 pa t61489 l61490 ls105">Dormant </span><span class="pp-class-373 pa t61489 l57498 ls105">entities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div> <div class="pp-class-10" id="pp-id-5290" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h43637 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2149">5.10 </span><span class="pp-class-370 pa t21055 l43638 ls81">Company </span><span class="pp-class-370 pa t21055 l61056 ls828">overview</span></p></div></div><div id="pp-id-5291" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61057 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l3 ls913">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l61058 ls842">Ownership</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3433 l61059 ls110">share </span><span class="pp-class-372 pa t3433 l61060 ls302">2024</span><span class="pp-class-389 pa t3433 l61061">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l22702 ls910">Country</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61062">City</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61063 ls978">Currency</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61064 ls112">Share </span><span class="pp-class-373 pa t3433 l61065">Capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48838 l3 ls854">Parent </span><span class="pp-class-373 pa t48838 l61066 ls913">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48838 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48838 l61062"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48838 l61068"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48838 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l3">DFDS </span><span class="pp-class-372 pa t54019 l34511 ls1065">A/S</span><span class="pp-class-374 pa t61069 l61070">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l22702" xmlns="http://www.w3.org/1999/xhtml">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l61062 ls175">Copenhagen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l61072 ls3278">1,159,391,940</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54028 l3">Subsidiaries:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54028 l61073"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54028 l61062"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54028 l61074"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l3">DFDS </span><span class="pp-class-372 pa t54029 l34511">Belgium </span><span class="pp-class-372 pa t54029 l61075 ls61076">N.V.</span><span class="pp-class-374 pa t61077 l16476">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l22702">Belgium</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l61062 ls813">Gent</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l61079 ls8012">2,355,976</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54031 l3">N&amp;K </span><span class="pp-class-372 pa t54031 l61080">Cold </span><span class="pp-class-372 pa t54031 l54120">Chain </span><span class="pp-class-372 pa t54031 l61081">Logistics </span><span class="pp-class-372 pa t61082 l3 ls2632">(Shanghai) </span><span class="pp-class-372 pa t61082 l61083 ls150">Co., </span><span class="pp-class-372 pa t61082 l61084 ls34">Ltd.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l22702">China</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l61062">Shanghai</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l61085">CNY</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l61086 ls1237">2,901,420</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61087 l3 ls90">Nifesos </span><span class="pp-class-372 pa t61087 l61088">shipping </span><span class="pp-class-372 pa t61089 l3 ls90">company </span><span class="pp-class-372 pa t61089 l53956 ls1759">Ltd</span><span class="pp-class-389 pa t61089 l61090">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61089 l22702 ls93">Cyprus</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61089 l61062">Limassol</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61089 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61089 l61091 ls1073">1,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61092 l3 ls193">Paschamo </span><span class="pp-class-372 pa t61092 l61093">shipping </span><span class="pp-class-372 pa t61094 l3 ls90">company </span><span class="pp-class-372 pa t61094 l53956 ls1759">Ltd</span><span class="pp-class-389 pa t61094 l61090">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61094 l22702 ls93">Cyprus</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61094 l61062">Limassol</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61094 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61094 l61091 ls1073">1,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l3">DFDS </span><span class="pp-class-372 pa t61095 l34511">Logistics </span><span class="pp-class-372 pa t61095 l61096 ls2147">s.r.o.</span><span class="pp-class-374 pa t61097 l61098">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l22702 ls3241 wtro3159 wtr1293 tro3160 tr1294">Czech </span><span class="pp-class-372 pa t61095 l61099 ls195 wtro3159 wtr1293 tro3160 tr1294">Republic</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l61062 ls1955">Prague</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l61100 ls1309">CZK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l61101 ls2944">1,100,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l3">DFDS </span><span class="pp-class-372 pa t61102 l34511">Logistics </span><span class="pp-class-372 pa t61102 l61096 ls1065">A/S</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l61062 ls134">Esbjerg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l61103 ls650">600,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l3 ls2955">DFDS </span><span class="pp-class-372 pa t61104 l61105 ls3241">Logistics </span><span class="pp-class-372 pa t61104 l38004 ls195">Denmark </span><span class="pp-class-372 pa t61104 l61106 ls24195">A/S</span><span class="pp-class-374 pa t61107 l30022">2</span><span class="pp-class-372 pa t61104 l61108"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l61062">Herning</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l3">DFDS </span><span class="pp-class-372 pa t61110 l34511 ls43">Køletransport </span><span class="pp-class-372 pa t61110 l61111 ls1065">A/S</span><span class="pp-class-374 pa t61112 l33377">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l61062 ls931">Hobro</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l3 ls112">Dronningens </span><span class="pp-class-372 pa t61113 l61114 ls869">Kvarter </span><span class="pp-class-372 pa t61113 l61115">1 </span><span class="pp-class-372 pa t61113 l61116">ApS</span><span class="pp-class-374 pa t61117 l61118">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l61062 ls175">Copenhagen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l3 ls1005">Lundvej </span><span class="pp-class-372 pa t61119 l17681">15 </span><span class="pp-class-372 pa t61119 l54309">ApS</span><span class="pp-class-374 pa t61120 l29318">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l61062 ls175">Copenhagen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l61121 ls2143">100.000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l3">DFDS </span><span class="pp-class-372 pa t61122 l34511">Logistics </span><span class="pp-class-372 pa t61122 l61096">OÜ</span><span class="pp-class-374 pa t61123 l61124">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l22702 ls842">Estonia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l61062 ls650">Tallinn</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l61125 ls2955">3,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l3">DFDS </span><span class="pp-class-372 pa t61126 l34511">Logistics </span><span class="pp-class-372 pa t61126 l61096 ls2949">OY</span><span class="pp-class-374 pa t61127 l61128">2</span><span class="pp-class-391 pa t61127 l61129"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l22702">Finland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l61062 ls47104">Turku</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l61130 ls276">2,520</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l3">DFDS </span><span class="pp-class-372 pa t61131 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61131 l47403 ls6354">S.A.S.</span><span class="pp-class-374 pa t61132 l61133">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l22702 ls110">France</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l61062">Dieppe</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l61134 ls43192">37,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l3 ls180">Ekol </span><span class="pp-class-372 pa t61135 l61136">Logistiques </span><span class="pp-class-372 pa t61135 l21076 ls1005">SARL</span><span class="pp-class-374 pa t61137 l17616"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l22702 ls110">France</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l61062 ls78">Sète</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l61138 ls650">2,045,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l3 ls6100 wtro3159 wtr1724 tro3160 tr1725">DFDS </span><span class="pp-class-372 pa t61139 l23957 ls6498 wtro3159 wtr1724 tro3160 tr1725">Germany </span><span class="pp-class-372 pa t61139 l61140 ls7611 wtro3159 wtr1724 tro3160 tr1725">ApS </span><span class="pp-class-372 pa t61139 l10482 ls4305 wtro3159 wtr1724 tro3160 tr1725">&amp; </span><span class="pp-class-372 pa t61139 l61141 ls21295 wtro3159 wtr1724 tro3160 tr1725">Co. </span><span class="pp-class-372 pa t61139 l61142 ls61143 wtro3159 wtr1724 tro3160 tr1725">KG</span><span class="pp-class-374 pa t61144 l32310 wtro42446 wtr1724 tro42447 tr1725"/><span class="pp-class-374 pa t61144 l61145 ls1321 wtro42446 wtr1724 tro42447 tr1725">2, </span><span class="pp-class-374 pa t61144 l61146 ls12 wtro42446 wtr1724 tro42447 tr1725">3</span><span class="pp-class-392 pa t61144 l61147 wtro42446 wtr1724 tro42447 tr1725"/><span class="pp-class-389 pa t61139 l61148 wtro3159 wtr1724 tro3160 tr1725"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l61062 ls134">Hamburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l61149 ls650">25,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l3 ls180">Ekol </span><span class="pp-class-372 pa t61150 l61136">Logistik </span><span class="pp-class-372 pa t61150 l36255">GmbH</span><span class="pp-class-392 pa t61151 l61152"/><span class="pp-class-389 pa t61150 l61153"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l61062">Gernsheim</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l61154 ls2787">435,621</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l3">EU </span><span class="pp-class-372 pa t61155 l34189 ls803">Trucking </span><span class="pp-class-372 pa t61155 l61156 ls1227">Service </span><span class="pp-class-372 pa t61155 l61157">GmbH</span><span class="pp-class-392 pa t61158 l61159"/><span class="pp-class-389 pa t61155 l61160"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l61062 ls144">Lingenfeld</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l61161 ls195">50,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61162 l3">DFDS </span><span class="pp-class-372 pa t61162 l34511 ls110">Grundstücksverwal-</span><span class="pp-class-372 pa t61163 l3">tungs </span><span class="pp-class-372 pa t61163 l61164">GmbH </span><span class="pp-class-372 pa t61163 l38658">&amp; </span><span class="pp-class-372 pa t61163 l61165">Co </span><span class="pp-class-372 pa t61163 l61166 ls9956">KG.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l61062 ls3310 wtro3159 wtr1724 tro3160 tr1725">Neuenkirchen-Vörden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l61167 ls195">20,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l3">DFDS </span><span class="pp-class-372 pa t61168 l34511">Logistics </span><span class="pp-class-372 pa t61168 l61096">GmbH</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l61062 ls3310 wtro3159 wtr1724 tro3160 tr1725">Neuenkirchen-Vörden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l61149 ls650">25,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61169 l3">DFDS </span><span class="pp-class-372 pa t61169 l34511">Logistics </span><span class="pp-class-372 pa t61170 l3">Deutschland </span><span class="pp-class-372 pa t61170 l18569">GmbH</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l61062 ls3310 wtro3159 wtr1724 tro3160 tr1725">Neuenkirchen-Vörden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l61149 ls650">25,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l3 ls1150 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-372 pa t61171 l61172 ls1150 wtro3159 wtr1293 tro3160 tr1294">Rail </span><span class="pp-class-372 pa t61171 l61173 ls650 wtro3159 wtr1293 tro3160 tr1294">GmbH</span><span class="pp-class-374 pa t61174 l61175 ls214 wtro42446 wtr1293 tro42447 tr1294">2, </span><span class="pp-class-374 pa t61174 l61176 wtro42446 wtr1293 tro42447 tr1294">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l61062 ls800">Troisdorf</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l61177 ls2760">98,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l3 ls180">Ekol </span><span class="pp-class-372 pa t61178 l61136">Logistics </span><span class="pp-class-372 pa t61178 l53416 ls8622">LTD</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l22702 ls110">Greece</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l61062">Thessaloniki</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l61179 ls2143">1,900,500</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5292" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61180 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l43209 ls913 wtro3159 wtr61182 tro3160 tr61183">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61184 l61185 ls842 wtro3159 wtr61182 tro3160 tr61183">Ownership</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61181 l61186 ls110 wtro3159 wtr61182 tro3160 tr61183">share </span><span class="pp-class-372 pa t61181 l61187 ls302 wtro3159 wtr61182 tro3160 tr61183">2024</span><span class="pp-class-389 pa t61181 l61188 wtro3159 wtr61182 tro3160 tr61183">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l61189 ls910 wtro3159 wtr61182 tro3160 tr61183">Country</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l61190 wtro3159 wtr61182 tro3160 tr61183">City</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l61191 ls978 wtro3159 wtr61182 tro3160 tr61183">Currency</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l61192 ls112 wtro3159 wtr61182 tro3160 tr61183">Share </span><span class="pp-class-373 pa t61181 l61193 wtro3159 wtr61182 tro3160 tr61183">Capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l3 ls180">Ekol </span><span class="pp-class-372 pa t61194 l61136">Logistics </span><span class="pp-class-372 pa t61194 l53416 ls1150">Kft</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l22702 ls1969">Hungary</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61062">Budapest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61195">HUF</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61196 ls7966">720,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l3 ls254">Alphatrans-Szállítás </span><span class="pp-class-372 pa t61198 l3 ls168">Szolgáltató </span><span class="pp-class-372 pa t61198 l61199 ls3572">Kft.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l22702 ls1969">Hungary</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61062 ls1008">Gyula</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61195">HUF</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61200 ls14357">3,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l3">Bond </span><span class="pp-class-372 pa t61201 l56228 ls842">Delivery </span><span class="pp-class-372 pa t61201 l61202 ls671">Ireland </span><span class="pp-class-372 pa t61201 l61203 ls34">Ltd.</span><span class="pp-class-374 pa t61204 l61205">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l3">DFDS </span><span class="pp-class-372 pa t61207 l34511">Logistics </span><span class="pp-class-372 pa t61207 l61096 ls978">Contracts </span><span class="pp-class-372 pa t61208 l3 ls241">(Ireland) </span><span class="pp-class-372 pa t61208 l33317 ls34">Ltd.</span><span class="pp-class-374 pa t61209 l61210">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l61211">200</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l3">DFDS </span><span class="pp-class-372 pa t61212 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61212 l47403 ls671">Ireland </span><span class="pp-class-372 pa t61212 l61213 ls34">Ltd.</span><span class="pp-class-389 pa t61212 l61214">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l3 ls4433 wtro3159 wtr1293 tro3160 tr1294">Lucey </span><span class="pp-class-372 pa t61215 l61216 ls4372 wtro3159 wtr1293 tro3160 tr1294">Transport </span><span class="pp-class-372 pa t61215 l14290 ls3003 wtro3159 wtr1293 tro3160 tr1294">Logistics </span><span class="pp-class-372 pa t61215 l61217 ls1670 wtro3159 wtr1293 tro3160 tr1294">Ltd.</span><span class="pp-class-374 pa t61218 l61219 wtro42446 wtr1293 tro42447 tr1294">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l61125 ls2955">3,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61220 l3 ls128">McBurney </span><span class="pp-class-372 pa t61220 l61221 ls997">Refrigeration </span><span class="pp-class-372 pa t61222 l3 ls241">(Ireland) </span><span class="pp-class-372 pa t61222 l33317 ls34">Ltd.</span><span class="pp-class-374 pa t61223 l61210">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61222 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61222 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61222 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61222 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l3 ls180">Ekol </span><span class="pp-class-372 pa t61224 l61136">Logistics </span><span class="pp-class-372 pa t61224 l53416">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l22702 ls1323">Italy</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l61062 ls53">Novara</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l61225 ls650">400,001</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61226 l3">Samer </span><span class="pp-class-372 pa t61226 l61227 ls1227">Seaports </span><span class="pp-class-372 pa t61226 l58169">&amp; </span><span class="pp-class-372 pa t61228 l3 ls2842">Terminals </span><span class="pp-class-372 pa t61228 l51041">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l61229 ls3036">60.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l22702 ls1323">Italy</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l61062 ls650">Trieste</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l61230 ls1945">2,800,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l3">DFDS </span><span class="pp-class-372 pa t61231 l34511">SIA</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l22702 ls854">Latvia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l61062">Liepaja</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l61232 ls1772">113,886</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l3">AB </span><span class="pp-class-372 pa t61233 l61234">DFDS </span><span class="pp-class-372 pa t61233 l47235 ls1271">Seaways</span><span class="pp-class-374 pa t61235 l21706">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l10550 ls3216">99.30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l22702">Lithuania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l61062">Klaipeda</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l61236 ls3230">95,251,735</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l3 ls68">UAB </span><span class="pp-class-372 pa t61237 l61238">DFDS </span><span class="pp-class-372 pa t61237 l44320 ls1974">Trucking</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l22702">Lithuania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l61062">Klaipeda</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l61239 ls1370">89,782</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l3">DFDS </span><span class="pp-class-372 pa t61240 l34511 ls110">Maroc </span><span class="pp-class-372 pa t61240 l23641 ls2045">S.A.R.L.A.U.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l22702 ls134">Morocco</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l61062 ls650">Tangier</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l61241">MAD</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l61242 ls858">24,162,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l3">Red </span><span class="pp-class-372 pa t61243 l61244">fish </span><span class="pp-class-372 pa t61243 l61245">Speedlines </span><span class="pp-class-372 pa t61243 l61246 ls1005">SARL</span><span class="pp-class-374 pa t61247 l12392">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l22702 ls134">Morocco</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l61062 ls650">Tangier</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l61241">MAD</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l61248 ls18115">6,600,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61249 l3 ls168">Alphatrans </span><span class="pp-class-372 pa t61249 l61250 ls150">International </span><span class="pp-class-372 pa t61251 l3 ls803">Trucking </span><span class="pp-class-372 pa t61251 l61252 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l61062">Brielle</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l61254 ls9967">18,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l3">EU </span><span class="pp-class-372 pa t61255 l34189 ls803">Trucking </span><span class="pp-class-372 pa t61255 l61156 ls1227">Service </span><span class="pp-class-372 pa t61255 l61157 ls61253">B.V.</span><span class="pp-class-374 pa t61256 l61257">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l61062 ls16">Eindhoven</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l61258 ls4343">270,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l3 ls1150">DFDS </span><span class="pp-class-372 pa t61259 l46065 ls2149">Logistics </span><span class="pp-class-372 pa t61259 l61260 ls2760">Nijmegen </span><span class="pp-class-372 pa t61259 l30305 ls61261">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l61062">Nijmegen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l61262 ls2851">40,840</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61263 l3">DFDS </span><span class="pp-class-372 pa t61263 l34511 ls214">Warehousing </span><span class="pp-class-372 pa t61264 l3 ls658">Rotterdam </span><span class="pp-class-372 pa t61264 l61265 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61264 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61264 l61062 ls1955">Rotterdam</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61264 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61264 l61254 ls9967">18,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l3">DFDS </span><span class="pp-class-372 pa t61266 l34511">Holding </span><span class="pp-class-372 pa t61266 l4217 ls61253">B.V.</span><span class="pp-class-389 pa t61266 l61267">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l61062 ls278">Vlaardingen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l61268 ls3036">40,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l3">DFDS </span><span class="pp-class-372 pa t61269 l34511">Logistics </span><span class="pp-class-372 pa t61269 l61096 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l61062 ls278">Vlaardingen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l61270 ls2787">455,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l3">DFDS </span><span class="pp-class-372 pa t61271 l34511 ls78">NewCo </span><span class="pp-class-372 pa t61271 l61272 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l61062 ls278">Vlaardingen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l3">DFDS </span><span class="pp-class-372 pa t61273 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61273 l47403 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l61062 ls278">Vlaardingen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l61274 ls4305">18,400</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l3">DFDS </span><span class="pp-class-372 pa t61275 l34511">Logistics </span><span class="pp-class-372 pa t61275 l61096">Wijchen </span><span class="pp-class-372 pa t61275 l61276 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l61062">Wijchen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l61167 ls195">20,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l3">DFDS </span><span class="pp-class-372 pa t61277 l34511 ls803">Trucking </span><span class="pp-class-372 pa t61277 l61278">Wijchen </span><span class="pp-class-372 pa t61277 l61279 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l61062">Wijchen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l61280 ls1309">18,152</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l3 ls8265 wtro3159 wtr1724 tro3160 tr1725">DFDS </span><span class="pp-class-372 pa t61281 l59371 ls32907 wtro3159 wtr1724 tro3160 tr1725">Warehousing </span><span class="pp-class-372 pa t61281 l61282 ls798 wtro3159 wtr1724 tro3160 tr1725">Wijchen </span><span class="pp-class-372 pa t61281 l61283 ls61284 wtro3159 wtr1724 tro3160 tr1725">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l61062">Wijchen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l61280 ls1309">18,152</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l3">DFDS </span><span class="pp-class-372 pa t61285 l34511">Distri </span><span class="pp-class-372 pa t61285 l17391">Holding </span><span class="pp-class-372 pa t61285 l61286 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l61062 ls316">Winterswijk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l61254 ls9967">18,000</span></p></td></tr></table></div></div><div id="pp-id-5126" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3">Unless </span><span class="pp-class-376 pa t3433 l17697 ls1667">otherwise </span><span class="pp-class-376 pa t3439 l3 ls128">indicated, </span><span class="pp-class-376 pa t3439 l61287">the </span><span class="pp-class-376 pa t3445 l3">companies </span><span class="pp-class-376 pa t3445 l16458 ls85">are </span><span class="pp-class-376 pa t3445 l61288 ls128">100% </span><span class="pp-class-376 pa t4202 l3 ls78">owned </span><span class="pp-class-376 pa t4202 l61289 ls1955">by </span><span class="pp-class-376 pa t4202 l61290">the </span><span class="pp-class-376 pa t4202 l61291">DFDS </span><span class="pp-class-376 pa t4210 l3 ls214">Group.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3457 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3463 l3">The </span><span class="pp-class-376 pa t3463 l16790 ls90">Company </span><span class="pp-class-376 pa t3463 l47242">is </span><span class="pp-class-376 pa t3463 l61292 ls1099">directly </span><span class="pp-class-376 pa t4229 l3 ls78">owned </span><span class="pp-class-376 pa t4229 l61289 ls1955">by </span><span class="pp-class-376 pa t4229 l61290">the </span><span class="pp-class-376 pa t4229 l61291 ls214">Parent </span><span class="pp-class-376 pa t4234 l3 ls90">Company </span><span class="pp-class-376 pa t4234 l61293">DFDS </span><span class="pp-class-376 pa t4234 l61294 ls1065">A/S</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3479 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3484 l3 ls2220">Relief </span><span class="pp-class-376 pa t3484 l18661">in </span><span class="pp-class-376 pa t3484 l61295 ls278">accordance </span><span class="pp-class-376 pa t3488 l3">with </span><span class="pp-class-376 pa t3488 l16321 ls150">Sec. </span><span class="pp-class-376 pa t3488 l61296">264b </span><span class="pp-class-376 pa t3488 l29318">German </span><span class="pp-class-376 pa t3494 l3 ls7094">Commercial </span><span class="pp-class-376 pa t3494 l61297 ls1859">Code </span><span class="pp-class-376 pa t3494 l61298 ls3477">(HGB).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3500 l3">4</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3501 l3">Due </span><span class="pp-class-376 pa t3501 l19071 ls166">to </span><span class="pp-class-376 pa t3501 l19072">minority </span><span class="pp-class-376 pa t4266 l3 ls860">protection </span><span class="pp-class-376 pa t4266 l61299">in </span><span class="pp-class-376 pa t4266 l61300">the </span><span class="pp-class-376 pa t4273 l3 ls166">shareholders’ </span><span class="pp-class-376 pa t4281 l3 ls265">agreements </span><span class="pp-class-376 pa t4281 l53749">the </span><span class="pp-class-376 pa t4281 l11632">DFDS </span><span class="pp-class-376 pa t4288 l3 ls110">Group </span><span class="pp-class-376 pa t4288 l12766">does </span><span class="pp-class-376 pa t4288 l61301 ls150">not </span><span class="pp-class-376 pa t4288 l61302 ls99">have </span><span class="pp-class-376 pa t4288 l53453">a </span><span class="pp-class-376 pa t4297 l3 ls171">controlling </span><span class="pp-class-376 pa t4297 l17493 ls78">interest.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t50316 l3">5</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t4309 l3 ls842">Includes </span><span class="pp-class-376 pa t4309 l61303">Belgian </span><span class="pp-class-376 pa t4313 l3 ls671">branch, </span><span class="pp-class-376 pa t4313 l61304 ls37">Dutch </span><span class="pp-class-376 pa t4313 l61305 ls671">branch, </span><span class="pp-class-376 pa t4317 l3 ls982">Estonian </span><span class="pp-class-376 pa t4317 l44406 ls671">branch, </span><span class="pp-class-376 pa t4317 l61306 ls134">French </span><span class="pp-class-376 pa t4322 l3 ls671">branch, </span><span class="pp-class-376 pa t4322 l61304">Lithuanian </span><span class="pp-class-376 pa t50327 l3 ls671">branch, </span><span class="pp-class-376 pa t50327 l61304 ls96">Norwegian </span><span class="pp-class-376 pa t61307 l3 ls671">branch, </span><span class="pp-class-376 pa t61307 l61304 ls1005">Swedish </span><span class="pp-class-376 pa t61307 l61308 ls134">branch </span><span class="pp-class-376 pa t61309 l3">and </span><span class="pp-class-376 pa t61309 l4247">UK </span><span class="pp-class-376 pa t61309 l54116 ls134">branch </span><span class="pp-class-376 pa t61309 l14056 ls287">of </span><span class="pp-class-376 pa t61309 l61310">DFDS </span><span class="pp-class-376 pa t61311 l3 ls1065">A/S</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t61312 l3">6</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t61313 l3 ls2220">Relief </span><span class="pp-class-376 pa t61313 l18661">in </span><span class="pp-class-376 pa t61313 l61295 ls278">accordance </span><span class="pp-class-376 pa t61314 l3">with </span><span class="pp-class-376 pa t61314 l16321 ls72">Sec.264 </span><span class="pp-class-376 pa t61314 l61315 ls193">para. </span><span class="pp-class-376 pa t61314 l61316">3 </span><span class="pp-class-376 pa t61317 l3">German </span><span class="pp-class-376 pa t61317 l3302 ls171">Commercial </span><span class="pp-class-376 pa t61318 l3">Code </span><span class="pp-class-376 pa t61318 l53174">(HGB)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t61319 l3">7</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t61320 l3 ls842">Includes </span><span class="pp-class-376 pa t61320 l61303">Belgian </span><span class="pp-class-376 pa t61320 l34101 ls110">branch</span></p></div></div><div class="pp-class-10" id="pp-id-5293" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h43637 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2149">5.10 </span><span class="pp-class-370 pa t21055 l43638 ls81">Company </span><span class="pp-class-370 pa t21055 l61056 ls828">overview</span><span class="pp-class-371 pa t21055 l61322"/><span class="pp-class-371 pa t21055 l61323 ls155">(continued)</span></p></div></div><div class="pp-class-10" id="pp-id-5294" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61324 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l3 ls913">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l61058 ls842">Ownership</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3433 l61059 ls110">share </span><span class="pp-class-372 pa t3433 l61060 ls302">2024</span><span class="pp-class-389 pa t3433 l61061">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l22702 ls910">Country</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61062">City</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61063 ls978">Currency</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61064 ls112">Share </span><span class="pp-class-373 pa t3433 l61065">Capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l3 ls7694 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-372 pa t61194 l61325 ls2459 wtro3159 wtr1293 tro3160 tr1294">Logistics </span><span class="pp-class-372 pa t61194 l61326 ls195 wtro3159 wtr1293 tro3160 tr1294">Winterswijk </span><span class="pp-class-372 pa t61194 l61327 ls61328 wtro3159 wtr1293 tro3160 tr1294">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61062 ls316">Winterswijk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61329 ls1309">18,151</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l3">DFDS </span><span class="pp-class-372 pa t61197 l34511 ls1264">Property </span><span class="pp-class-372 pa t61197 l61330">and </span><span class="pp-class-372 pa t61198 l3 ls45">Equipment </span><span class="pp-class-372 pa t61198 l47216 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61062 ls316">Winterswijk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61167 ls195">20,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61201 l41618 ls53">Property </span><span class="pp-class-372 pa t61201 l61331 ls2694">Nijmegen </span><span class="pp-class-372 pa t61201 l5586 ls61332">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61062 ls316">Winterswijk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61254 ls9967">18,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l3 ls1227">NorthSea </span><span class="pp-class-372 pa t61207 l61333 ls2854">Terminal </span><span class="pp-class-372 pa t61207 l54235 ls124">AS</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l22702 ls124">Norway</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l61062 ls1309">Brevik</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l61334">NOK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l61335 ls3230">1,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l3">DFDS </span><span class="pp-class-372 pa t61336 l34511">Logistics </span><span class="pp-class-372 pa t61336 l61096 ls124">AS</span><span class="pp-class-374 pa t61337 l6899">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l22702 ls124">Norway</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l61062 ls2489">Lysaker</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l61334">NOK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l61242 ls2147">20,538,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l3">DFDS </span><span class="pp-class-372 pa t61338 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61338 l47403 ls124">AS</span><span class="pp-class-374 pa t61339 l61340">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l22702 ls124">Norway</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l61062">Oslo</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l61334">NOK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l61341 ls650">12,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l3 ls180">Ekol </span><span class="pp-class-372 pa t61342 l61136">Logistics </span><span class="pp-class-372 pa t61342 l53416 ls1005">Sp. </span><span class="pp-class-372 pa t61342 l61343">z </span><span class="pp-class-372 pa t61342 l61344 ls1298">o.o.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l22702 ls128">Poland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l61062 ls1759">Koninko</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l61345">PLN</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l3">DFDS </span><span class="pp-class-372 pa t61346 l34511 ls203">Polska </span><span class="pp-class-372 pa t61346 l61347 ls1005">Sp. </span><span class="pp-class-372 pa t61346 l61348">z </span><span class="pp-class-372 pa t61346 l61349 ls1298">o.o.</span><span class="pp-class-374 pa t61350 l61351">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l22702 ls128">Poland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l61062 ls134">Poznan</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l61345">PLN</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l61352 ls16981">10,005,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l3">DFDS </span><span class="pp-class-372 pa t61353 l34511 ls254">Investments </span><span class="pp-class-372 pa t61353 l61354 ls1005">Sp. </span><span class="pp-class-372 pa t61353 l61355">z </span><span class="pp-class-372 pa t61353 l61045 ls1298">o.o.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l61356 ls3036">80.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l22702 ls128">Poland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l61062">Szubin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l61345">PLN</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l58740 ls3241">5,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l3 ls719 wtro3159 wtr1724 tro3160 tr1725">DFDS </span><span class="pp-class-372 pa t61357 l61358 ls47104 wtro3159 wtr1724 tro3160 tr1725">Logistics </span><span class="pp-class-372 pa t61357 l61359 ls14073 wtro3159 wtr1724 tro3160 tr1725">Polska </span><span class="pp-class-372 pa t61357 l61360 ls3190 wtro3159 wtr1724 tro3160 tr1725">Sp. </span><span class="pp-class-372 pa t61357 l61361 ls1150 wtro3159 wtr1724 tro3160 tr1725">z </span><span class="pp-class-372 pa t61357 l61362 ls14019 wtro3159 wtr1724 tro3160 tr1725">o.o.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l61356 ls3036">80.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l22702 ls128">Poland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l61062">Szubin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l61345">PLN</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l61161 ls195">50,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l3 ls1722 wtro3159 wtr1724 tro3160 tr1725">Ekol </span><span class="pp-class-372 pa t61363 l61364 ls2949 wtro3159 wtr1724 tro3160 tr1725">International </span><span class="pp-class-372 pa t61363 l61365 ls1742 wtro3159 wtr1724 tro3160 tr1725">Logistics </span><span class="pp-class-372 pa t61363 l61366 ls2784 wtro3159 wtr1724 tro3160 tr1725">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l22702">Romania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l61062 ls1259">Bucharest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l61367 ls254">RON</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l61368 ls858">64,060</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l3">EU </span><span class="pp-class-372 pa t61369 l34189 ls803">Trucking </span><span class="pp-class-372 pa t61369 l61156 ls1227">Service </span><span class="pp-class-372 pa t61369 l61157">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l22702">Romania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l61062 ls1259">Bucharest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l61367 ls254">RON</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l61370 ls650">230,630</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61371 l3">DFDS </span><span class="pp-class-372 pa t61371 l34511">Logistics </span><span class="pp-class-372 pa t61371 l61096 ls96">Solutions </span><span class="pp-class-372 pa t61372 l3">Romania </span><span class="pp-class-372 pa t61372 l61373">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l22702">Romania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l61062 ls1259">Bucharest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l61367 ls254">RON</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l61374 ls740">147,050</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l3 ls789 wtro3159 wtr1293 tro3160 tr1294">Romania </span><span class="pp-class-372 pa t61375 l61376 ls4372 wtro3159 wtr1293 tro3160 tr1294">Transport </span><span class="pp-class-372 pa t61375 l61377 ls17717 wtro3159 wtr1293 tro3160 tr1294">Group </span><span class="pp-class-372 pa t61375 l61378 ls3230 wtro3159 wtr1293 tro3160 tr1294">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l22702">Romania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l61062">Tibod</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l61367 ls254">RON</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l61091 ls1073">1,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l3 ls180">Ekol </span><span class="pp-class-372 pa t61379 l61136 ls316">Logistika </span><span class="pp-class-372 pa t61379 l61380 ls49709">D.O.O </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l22702 ls124">Slovenia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l61062">Ljubljana</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l61381 ls195">40,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l3 ls180">Ekol </span><span class="pp-class-372 pa t61382 l61136">Spain </span><span class="pp-class-372 pa t61382 l11568">Logistics </span><span class="pp-class-372 pa t61382 l5376 ls78">S.L.U.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l61062 ls1259">Barcelona</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l61383 ls1772">1,603,100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61384 l3">DFDS </span><span class="pp-class-372 pa t61384 l34511 ls90">Destination </span><span class="pp-class-372 pa t61384 l61385 ls671">Morocco </span><span class="pp-class-372 pa t61386 l3 ls78">S.L.U.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61386 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61386 l61062 ls3362">Tarifa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61386 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61386 l58096 ls2854">60,102</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l3">DFDS </span><span class="pp-class-372 pa t61387 l34511">Iberia </span><span class="pp-class-372 pa t61387 l49165 ls78">S.L.U.</span><span class="pp-class-389 pa t61387 l55363">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l61062 ls3362">Tarifa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l61388 ls17725">8,700,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l3">N&amp;K </span><span class="pp-class-372 pa t61389 l61080">Spedition </span><span class="pp-class-372 pa t61389 l61390">Spain </span><span class="pp-class-372 pa t61389 l22532 ls3688">S.L.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l61062 ls7858">Tarragona</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l61391 ls195">60,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61392 l41618 ls1057">Seaways </span><span class="pp-class-372 pa t61392 l61393 ls2694">Hispania </span><span class="pp-class-372 pa t61392 l61394 ls76">S.L.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l61062 ls274">Valencia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l61125 ls2955">3,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l3">DFDS </span><span class="pp-class-372 pa t61395 l34511">AB</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61397 l41618 ls1073">Logistics </span><span class="pp-class-372 pa t61397 l56830 ls7694">Contracts </span><span class="pp-class-372 pa t61397 l61398 ls302">AB</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l61161 ls195">50,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l3">DFDS </span><span class="pp-class-372 pa t61399 l34511">Logistics </span><span class="pp-class-372 pa t61399 l61096 ls8394">Partners </span><span class="pp-class-372 pa t61399 l61400">AB</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l61401 ls3241">85.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l61335 ls3230">1,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l3 ls258">DFDS </span><span class="pp-class-372 pa t61402 l61403 ls150">Logistics </span><span class="pp-class-372 pa t61402 l61404 ls907">Services </span><span class="pp-class-372 pa t61402 l17239 ls175">AB</span><span class="pp-class-374 pa t61405 l16411"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l61101 ls2944">1,100,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l3">DFDS </span><span class="pp-class-372 pa t61406 l34511 ls254">Professionals </span><span class="pp-class-372 pa t61406 l61407">AB</span><span class="pp-class-374 pa t61408 l61409">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l61410 ls50142">87.50</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l61149 ls650">25,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61411 l3 ls2056">DFDS </span><span class="pp-class-372 pa t61411 l61412 ls5535">Denizcilik </span><span class="pp-class-372 pa t61411 l61413 ls254">ve </span><span class="pp-class-372 pa t61414 l3 ls105">Tasimacilik </span><span class="pp-class-372 pa t61414 l4533 ls6655">A.Ş.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l61415 ls800">98.80</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l22702 ls7858">Türkiye</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l61062 ls96">Istanbul</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l61416 ls16981">369,967,159</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61417 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61417 l41618 ls12527">Turkey </span><span class="pp-class-372 pa t61417 l44819 ls1701">Denizcilik </span><span class="pp-class-372 pa t61417 l51210 ls1319">ve </span><span class="pp-class-372 pa t61418 l3 ls742">Tasi </span><span class="pp-class-372 pa t61418 l61419 ls46217">Yati </span><span class="pp-class-372 pa t61418 l53871 ls76">A.Ş.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l22702 ls7858">Türkiye</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l61062 ls96">Istanbul</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l61420 ls7694">342,000,000</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5295" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61421 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l43209 ls913 wtro3159 wtr61422 tro3160 tr61423">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l61185 ls842 wtro3159 wtr61422 tro3160 tr61423">Ownership</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3433 l61186 ls110 wtro3159 wtr61422 tro3160 tr61423">share </span><span class="pp-class-372 pa t3433 l61187 ls302 wtro3159 wtr61422 tro3160 tr61423">2024</span><span class="pp-class-389 pa t3433 l61188 wtro3159 wtr61422 tro3160 tr61423">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61189 ls910 wtro3159 wtr61422 tro3160 tr61423">Country</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61190 wtro3159 wtr61422 tro3160 tr61423">City</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61191 ls978 wtro3159 wtr61422 tro3160 tr61423">Currency</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61192 ls112 wtro3159 wtr61422 tro3160 tr61423">Share </span><span class="pp-class-373 pa t3433 l61193 wtro3159 wtr61422 tro3160 tr61423">Capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l3 ls1868">Ekol </span><span class="pp-class-372 pa t61194 l59541 ls2694">Lojistik </span><span class="pp-class-372 pa t61194 l61424 ls3377">Ltd.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l22702 ls7858">Türkiye</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61062 ls96">Istanbul</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61425 ls61426">2,872,747</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l3 ls1868">Ekol </span><span class="pp-class-372 pa t61197 l59541 ls3539">Transport </span><span class="pp-class-372 pa t61197 l47295 ls6655">A.Ş.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l22702 ls7858">Türkiye</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l61062 ls96">Istanbul</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l61427 ls7243">47,210,796</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l3 ls1237">LLC </span><span class="pp-class-372 pa t61428 l17362">DFDS</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l22702 ls134">Ukraine</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l61062 ls124">Kiev</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l61085 ls1065">UAH</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l61429 ls7729">357,644</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l3 ls907">Bondelivery </span><span class="pp-class-372 pa t61430 l29575">NI </span><span class="pp-class-372 pa t61430 l6460 ls34">Ltd.</span><span class="pp-class-374 pa t61431 l29980">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l22702 ls2149">United </span><span class="pp-class-372 pa t61430 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l61062 ls168">Ballymena</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l61434 ls1772">260,110</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l3 ls8569 wtro3159 wtr1724 tro3160 tr1725">McBurney </span><span class="pp-class-372 pa t61435 l61436 ls23068 wtro3159 wtr1724 tro3160 tr1725">Transport </span><span class="pp-class-372 pa t61435 l61437 ls46095 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-372 pa t61435 l61438 ls23513 wtro3159 wtr1724 tro3160 tr1725">Ltd.</span><span class="pp-class-374 pa t61439 l61440 wtro42446 wtr1724 tro42447 tr1725">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l22702 ls2149">United </span><span class="pp-class-372 pa t61435 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l61062 ls168">Ballymena</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l61441 ls7841">947,934</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l3 ls1237 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-372 pa t61442 l61443 ls2134 wtro3159 wtr1293 tro3160 tr1294">Warehousing </span><span class="pp-class-372 pa t61442 l61444 ls1148 wtro3159 wtr1293 tro3160 tr1294">Corby </span><span class="pp-class-372 pa t61442 l61445 ls7096 wtro3159 wtr1293 tro3160 tr1294">Ltd.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l22702 ls2149">United </span><span class="pp-class-372 pa t61442 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l61062 ls1326">Corby</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l3 ls1237 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-372 pa t61446 l61443 ls1818 wtro3159 wtr1293 tro3160 tr1294">Logistics </span><span class="pp-class-372 pa t61446 l31245 ls7096 wtro3159 wtr1293 tro3160 tr1294">Contracts </span><span class="pp-class-372 pa t61446 l61447 ls7096 wtro3159 wtr1293 tro3160 tr1294">Ltd.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l22702 ls2149">United </span><span class="pp-class-372 pa t61446 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l61448 ls2142">2,571,495</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l3">DFDS </span><span class="pp-class-372 pa t61449 l34511">Logistics </span><span class="pp-class-372 pa t61449 l61096 ls34">Ltd.</span><span class="pp-class-374 pa t61450 l51390">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l22702 ls2149">United </span><span class="pp-class-372 pa t61449 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l61451 ls650">15,150,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61452 l41618 ls1073">Logistics </span><span class="pp-class-372 pa t61452 l56830 ls1099">Services </span><span class="pp-class-372 pa t61452 l61453 ls4652">Ltd.</span><span class="pp-class-374 pa t61454 l59107">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l22702 ls2149">United </span><span class="pp-class-372 pa t61452 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l3 ls16">DFDS </span><span class="pp-class-372 pa t61455 l55205 ls2787">Seaways </span><span class="pp-class-372 pa t61455 l61404 ls897">Holding </span><span class="pp-class-372 pa t61455 l61456 ls3105">Ltd.</span><span class="pp-class-374 pa t61457 l36668">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l22702 ls2149">United </span><span class="pp-class-372 pa t61455 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l61458 ls650">250,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l3">DFDS </span><span class="pp-class-372 pa t61459 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61459 l47403 ls1005">Plc.</span><span class="pp-class-374 pa t61460 l61461">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l22702 ls2149">United </span><span class="pp-class-372 pa t61459 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l61462 ls2143">40,250,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61463 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61464 l3 ls241">Associates </span><span class="pp-class-373 pa t61464 l57236">and </span><span class="pp-class-373 pa t61464 l61465 ls907">joint </span><span class="pp-class-373 pa t61466 l3 ls124">ventures:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61466 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61466 l61062"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61466 l61068"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l3 ls931">Euro </span><span class="pp-class-372 pa t61467 l61468">Asia </span><span class="pp-class-372 pa t61467 l27755">cold </span><span class="pp-class-372 pa t61467 l61469">Chain </span><span class="pp-class-372 pa t61467 l47107">Logistic</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l61470 ls1073">52.04</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l22702">China</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l61062">Shanghai</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l61085">CNY</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l61471 ls2970">22,100,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l3">DeaL </span><span class="pp-class-372 pa t61472 l61473 ls134">Energy </span><span class="pp-class-372 pa t61472 l61474 ls1065">A/S</span><span class="pp-class-374 pa t61475 l27598 wtro42446 wtr1724 tro42447 tr1725">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l61476 ls3036">50.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l61062">Hellerup</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l3">Bohus </span><span class="pp-class-372 pa t61477 l6937 ls2854">Terminal </span><span class="pp-class-372 pa t61477 l61478">Holding </span><span class="pp-class-372 pa t61477 l61479">AB</span><span class="pp-class-374 pa t61480 l61481 wtro42446 wtr1724 tro42447 tr1725">4</span><span class="pp-class-374 pa t61480 l61482"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l61483 ls3241">65.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l61161 ls195">50,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l3 ls23508 wtro3159 wtr9936 tro3160 tr9937">Gothenburg </span><span class="pp-class-372 pa t61484 l61485 ls6636 wtro3159 wtr9936 tro3160 tr9937">RO/RO </span><span class="pp-class-372 pa t61484 l61486 ls50142 wtro3159 wtr9936 tro3160 tr9937">Terminal </span><span class="pp-class-372 pa t61484 l61487 ls4305 wtro3159 wtr9936 tro3160 tr9937">AB</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l61483 ls3241">65.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l61488 ls18115">5,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61489 l3">25 </span><span class="pp-class-373 pa t61489 l61490 ls105">Dormant </span><span class="pp-class-373 pa t61489 l57498 ls105">entities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div> <div class="pp-class-10" id="pp-id-5290" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h43637 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2149">5.10 </span><span class="pp-class-370 pa t21055 l43638 ls81">Company </span><span class="pp-class-370 pa t21055 l61056 ls828">overview</span></p></div></div><div id="pp-id-5291" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61057 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l3 ls913">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l61058 ls842">Ownership</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3433 l61059 ls110">share </span><span class="pp-class-372 pa t3433 l61060 ls302">2024</span><span class="pp-class-389 pa t3433 l61061">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l22702 ls910">Country</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61062">City</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61063 ls978">Currency</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61064 ls112">Share </span><span class="pp-class-373 pa t3433 l61065">Capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t48838 l3 ls854">Parent </span><span class="pp-class-373 pa t48838 l61066 ls913">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48838 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48838 l61062"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48838 l61068"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t48838 l50423"/></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l3">DFDS </span><span class="pp-class-372 pa t54019 l34511 ls1065">A/S</span><span class="pp-class-374 pa t61069 l61070">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l22702" xmlns="http://www.w3.org/1999/xhtml">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l61062 ls175">Copenhagen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54019 l61072 ls3278">1,159,391,940</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54028 l3">Subsidiaries:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54028 l61073"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54028 l61062"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t54028 l61074"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l3">DFDS </span><span class="pp-class-372 pa t54029 l34511">Belgium </span><span class="pp-class-372 pa t54029 l61075 ls61076">N.V.</span><span class="pp-class-374 pa t61077 l16476">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l22702">Belgium</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l61062 ls813">Gent</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54029 l61079 ls8012">2,355,976</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t54031 l3">N&amp;K </span><span class="pp-class-372 pa t54031 l61080">Cold </span><span class="pp-class-372 pa t54031 l54120">Chain </span><span class="pp-class-372 pa t54031 l61081">Logistics </span><span class="pp-class-372 pa t61082 l3 ls2632">(Shanghai) </span><span class="pp-class-372 pa t61082 l61083 ls150">Co., </span><span class="pp-class-372 pa t61082 l61084 ls34">Ltd.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l22702">China</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l61062">Shanghai</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l61085">CNY</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61082 l61086 ls1237">2,901,420</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61087 l3 ls90">Nifesos </span><span class="pp-class-372 pa t61087 l61088">shipping </span><span class="pp-class-372 pa t61089 l3 ls90">company </span><span class="pp-class-372 pa t61089 l53956 ls1759">Ltd</span><span class="pp-class-389 pa t61089 l61090">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61089 l22702 ls93">Cyprus</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61089 l61062">Limassol</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61089 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61089 l61091 ls1073">1,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61092 l3 ls193">Paschamo </span><span class="pp-class-372 pa t61092 l61093">shipping </span><span class="pp-class-372 pa t61094 l3 ls90">company </span><span class="pp-class-372 pa t61094 l53956 ls1759">Ltd</span><span class="pp-class-389 pa t61094 l61090">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61094 l22702 ls93">Cyprus</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61094 l61062">Limassol</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61094 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61094 l61091 ls1073">1,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l3">DFDS </span><span class="pp-class-372 pa t61095 l34511">Logistics </span><span class="pp-class-372 pa t61095 l61096 ls2147">s.r.o.</span><span class="pp-class-374 pa t61097 l61098">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l22702 ls3241 wtro3159 wtr1293 tro3160 tr1294">Czech </span><span class="pp-class-372 pa t61095 l61099 ls195 wtro3159 wtr1293 tro3160 tr1294">Republic</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l61062 ls1955">Prague</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l61100 ls1309">CZK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61095 l61101 ls2944">1,100,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l3">DFDS </span><span class="pp-class-372 pa t61102 l34511">Logistics </span><span class="pp-class-372 pa t61102 l61096 ls1065">A/S</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l61062 ls134">Esbjerg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61102 l61103 ls650">600,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l3 ls2955">DFDS </span><span class="pp-class-372 pa t61104 l61105 ls3241">Logistics </span><span class="pp-class-372 pa t61104 l38004 ls195">Denmark </span><span class="pp-class-372 pa t61104 l61106 ls24195">A/S</span><span class="pp-class-374 pa t61107 l30022">2</span><span class="pp-class-372 pa t61104 l61108"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l61062">Herning</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61104 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l3">DFDS </span><span class="pp-class-372 pa t61110 l34511 ls43">Køletransport </span><span class="pp-class-372 pa t61110 l61111 ls1065">A/S</span><span class="pp-class-374 pa t61112 l33377">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l61062 ls931">Hobro</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61110 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l3 ls112">Dronningens </span><span class="pp-class-372 pa t61113 l61114 ls869">Kvarter </span><span class="pp-class-372 pa t61113 l61115">1 </span><span class="pp-class-372 pa t61113 l61116">ApS</span><span class="pp-class-374 pa t61117 l61118">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l61062 ls175">Copenhagen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61113 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l3 ls1005">Lundvej </span><span class="pp-class-372 pa t61119 l17681">15 </span><span class="pp-class-372 pa t61119 l54309">ApS</span><span class="pp-class-374 pa t61120 l29318">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l61062 ls175">Copenhagen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61119 l61121 ls2143">100.000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l3">DFDS </span><span class="pp-class-372 pa t61122 l34511">Logistics </span><span class="pp-class-372 pa t61122 l61096">OÜ</span><span class="pp-class-374 pa t61123 l61124">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l22702 ls842">Estonia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l61062 ls650">Tallinn</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61122 l61125 ls2955">3,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l3">DFDS </span><span class="pp-class-372 pa t61126 l34511">Logistics </span><span class="pp-class-372 pa t61126 l61096 ls2949">OY</span><span class="pp-class-374 pa t61127 l61128">2</span><span class="pp-class-391 pa t61127 l61129"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l22702">Finland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l61062 ls47104">Turku</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61126 l61130 ls276">2,520</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l3">DFDS </span><span class="pp-class-372 pa t61131 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61131 l47403 ls6354">S.A.S.</span><span class="pp-class-374 pa t61132 l61133">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l22702 ls110">France</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l61062">Dieppe</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61131 l61134 ls43192">37,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l3 ls180">Ekol </span><span class="pp-class-372 pa t61135 l61136">Logistiques </span><span class="pp-class-372 pa t61135 l21076 ls1005">SARL</span><span class="pp-class-374 pa t61137 l17616"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l22702 ls110">France</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l61062 ls78">Sète</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61135 l61138 ls650">2,045,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l3 ls6100 wtro3159 wtr1724 tro3160 tr1725">DFDS </span><span class="pp-class-372 pa t61139 l23957 ls6498 wtro3159 wtr1724 tro3160 tr1725">Germany </span><span class="pp-class-372 pa t61139 l61140 ls7611 wtro3159 wtr1724 tro3160 tr1725">ApS </span><span class="pp-class-372 pa t61139 l10482 ls4305 wtro3159 wtr1724 tro3160 tr1725">&amp; </span><span class="pp-class-372 pa t61139 l61141 ls21295 wtro3159 wtr1724 tro3160 tr1725">Co. </span><span class="pp-class-372 pa t61139 l61142 ls61143 wtro3159 wtr1724 tro3160 tr1725">KG</span><span class="pp-class-374 pa t61144 l32310 wtro42446 wtr1724 tro42447 tr1725"/><span class="pp-class-374 pa t61144 l61145 ls1321 wtro42446 wtr1724 tro42447 tr1725">2, </span><span class="pp-class-374 pa t61144 l61146 ls12 wtro42446 wtr1724 tro42447 tr1725">3</span><span class="pp-class-392 pa t61144 l61147 wtro42446 wtr1724 tro42447 tr1725"/><span class="pp-class-389 pa t61139 l61148 wtro3159 wtr1724 tro3160 tr1725"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l61062 ls134">Hamburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61139 l61149 ls650">25,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l3 ls180">Ekol </span><span class="pp-class-372 pa t61150 l61136">Logistik </span><span class="pp-class-372 pa t61150 l36255">GmbH</span><span class="pp-class-392 pa t61151 l61152"/><span class="pp-class-389 pa t61150 l61153"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l61062">Gernsheim</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61150 l61154 ls2787">435,621</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l3">EU </span><span class="pp-class-372 pa t61155 l34189 ls803">Trucking </span><span class="pp-class-372 pa t61155 l61156 ls1227">Service </span><span class="pp-class-372 pa t61155 l61157">GmbH</span><span class="pp-class-392 pa t61158 l61159"/><span class="pp-class-389 pa t61155 l61160"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l61062 ls144">Lingenfeld</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61155 l61161 ls195">50,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61162 l3">DFDS </span><span class="pp-class-372 pa t61162 l34511 ls110">Grundstücksverwal-</span><span class="pp-class-372 pa t61163 l3">tungs </span><span class="pp-class-372 pa t61163 l61164">GmbH </span><span class="pp-class-372 pa t61163 l38658">&amp; </span><span class="pp-class-372 pa t61163 l61165">Co </span><span class="pp-class-372 pa t61163 l61166 ls9956">KG.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l61062 ls3310 wtro3159 wtr1724 tro3160 tr1725">Neuenkirchen-Vörden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61163 l61167 ls195">20,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l3">DFDS </span><span class="pp-class-372 pa t61168 l34511">Logistics </span><span class="pp-class-372 pa t61168 l61096">GmbH</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l61062 ls3310 wtro3159 wtr1724 tro3160 tr1725">Neuenkirchen-Vörden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61168 l61149 ls650">25,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61169 l3">DFDS </span><span class="pp-class-372 pa t61169 l34511">Logistics </span><span class="pp-class-372 pa t61170 l3">Deutschland </span><span class="pp-class-372 pa t61170 l18569">GmbH</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l61062 ls3310 wtro3159 wtr1724 tro3160 tr1725">Neuenkirchen-Vörden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61170 l61149 ls650">25,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l3 ls1150 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-372 pa t61171 l61172 ls1150 wtro3159 wtr1293 tro3160 tr1294">Rail </span><span class="pp-class-372 pa t61171 l61173 ls650 wtro3159 wtr1293 tro3160 tr1294">GmbH</span><span class="pp-class-374 pa t61174 l61175 ls214 wtro42446 wtr1293 tro42447 tr1294">2, </span><span class="pp-class-374 pa t61174 l61176 wtro42446 wtr1293 tro42447 tr1294">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l22702 ls704">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l61062 ls800">Troisdorf</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61171 l61177 ls2760">98,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l3 ls180">Ekol </span><span class="pp-class-372 pa t61178 l61136">Logistics </span><span class="pp-class-372 pa t61178 l53416 ls8622">LTD</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l22702 ls110">Greece</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l61062">Thessaloniki</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61178 l61179 ls2143">1,900,500</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5292" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61180 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l43209 ls913 wtro3159 wtr61182 tro3160 tr61183">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61184 l61185 ls842 wtro3159 wtr61182 tro3160 tr61183">Ownership</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61181 l61186 ls110 wtro3159 wtr61182 tro3160 tr61183">share </span><span class="pp-class-372 pa t61181 l61187 ls302 wtro3159 wtr61182 tro3160 tr61183">2024</span><span class="pp-class-389 pa t61181 l61188 wtro3159 wtr61182 tro3160 tr61183">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l61189 ls910 wtro3159 wtr61182 tro3160 tr61183">Country</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l61190 wtro3159 wtr61182 tro3160 tr61183">City</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l61191 ls978 wtro3159 wtr61182 tro3160 tr61183">Currency</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61181 l61192 ls112 wtro3159 wtr61182 tro3160 tr61183">Share </span><span class="pp-class-373 pa t61181 l61193 wtro3159 wtr61182 tro3160 tr61183">Capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l3 ls180">Ekol </span><span class="pp-class-372 pa t61194 l61136">Logistics </span><span class="pp-class-372 pa t61194 l53416 ls1150">Kft</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l22702 ls1969">Hungary</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61062">Budapest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61195">HUF</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61196 ls7966">720,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l3 ls254">Alphatrans-Szállítás </span><span class="pp-class-372 pa t61198 l3 ls168">Szolgáltató </span><span class="pp-class-372 pa t61198 l61199 ls3572">Kft.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l22702 ls1969">Hungary</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61062 ls1008">Gyula</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61195">HUF</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61200 ls14357">3,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l3">Bond </span><span class="pp-class-372 pa t61201 l56228 ls842">Delivery </span><span class="pp-class-372 pa t61201 l61202 ls671">Ireland </span><span class="pp-class-372 pa t61201 l61203 ls34">Ltd.</span><span class="pp-class-374 pa t61204 l61205">2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l3">DFDS </span><span class="pp-class-372 pa t61207 l34511">Logistics </span><span class="pp-class-372 pa t61207 l61096 ls978">Contracts </span><span class="pp-class-372 pa t61208 l3 ls241">(Ireland) </span><span class="pp-class-372 pa t61208 l33317 ls34">Ltd.</span><span class="pp-class-374 pa t61209 l61210">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61208 l61211">200</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l3">DFDS </span><span class="pp-class-372 pa t61212 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61212 l47403 ls671">Ireland </span><span class="pp-class-372 pa t61212 l61213 ls34">Ltd.</span><span class="pp-class-389 pa t61212 l61214">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61212 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l3 ls4433 wtro3159 wtr1293 tro3160 tr1294">Lucey </span><span class="pp-class-372 pa t61215 l61216 ls4372 wtro3159 wtr1293 tro3160 tr1294">Transport </span><span class="pp-class-372 pa t61215 l14290 ls3003 wtro3159 wtr1293 tro3160 tr1294">Logistics </span><span class="pp-class-372 pa t61215 l61217 ls1670 wtro3159 wtr1293 tro3160 tr1294">Ltd.</span><span class="pp-class-374 pa t61218 l61219 wtro42446 wtr1293 tro42447 tr1294">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61215 l61125 ls2955">3,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61220 l3 ls128">McBurney </span><span class="pp-class-372 pa t61220 l61221 ls997">Refrigeration </span><span class="pp-class-372 pa t61222 l3 ls241">(Ireland) </span><span class="pp-class-372 pa t61222 l33317 ls34">Ltd.</span><span class="pp-class-374 pa t61223 l61210">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61222 l22702 ls134">Ireland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61222 l61062">Dublin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61222 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61222 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l3 ls180">Ekol </span><span class="pp-class-372 pa t61224 l61136">Logistics </span><span class="pp-class-372 pa t61224 l53416">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l22702 ls1323">Italy</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l61062 ls53">Novara</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61224 l61225 ls650">400,001</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61226 l3">Samer </span><span class="pp-class-372 pa t61226 l61227 ls1227">Seaports </span><span class="pp-class-372 pa t61226 l58169">&amp; </span><span class="pp-class-372 pa t61228 l3 ls2842">Terminals </span><span class="pp-class-372 pa t61228 l51041">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l61229 ls3036">60.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l22702 ls1323">Italy</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l61062 ls650">Trieste</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61228 l61230 ls1945">2,800,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l3">DFDS </span><span class="pp-class-372 pa t61231 l34511">SIA</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l22702 ls854">Latvia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l61062">Liepaja</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61231 l61232 ls1772">113,886</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l3">AB </span><span class="pp-class-372 pa t61233 l61234">DFDS </span><span class="pp-class-372 pa t61233 l47235 ls1271">Seaways</span><span class="pp-class-374 pa t61235 l21706">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l10550 ls3216">99.30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l22702">Lithuania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l61062">Klaipeda</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61233 l61236 ls3230">95,251,735</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l3 ls68">UAB </span><span class="pp-class-372 pa t61237 l61238">DFDS </span><span class="pp-class-372 pa t61237 l44320 ls1974">Trucking</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l22702">Lithuania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l61062">Klaipeda</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61237 l61239 ls1370">89,782</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l3">DFDS </span><span class="pp-class-372 pa t61240 l34511 ls110">Maroc </span><span class="pp-class-372 pa t61240 l23641 ls2045">S.A.R.L.A.U.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l22702 ls134">Morocco</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l61062 ls650">Tangier</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l61241">MAD</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61240 l61242 ls858">24,162,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l3">Red </span><span class="pp-class-372 pa t61243 l61244">fish </span><span class="pp-class-372 pa t61243 l61245">Speedlines </span><span class="pp-class-372 pa t61243 l61246 ls1005">SARL</span><span class="pp-class-374 pa t61247 l12392">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l22702 ls134">Morocco</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l61062 ls650">Tangier</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l61241">MAD</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61243 l61248 ls18115">6,600,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61249 l3 ls168">Alphatrans </span><span class="pp-class-372 pa t61249 l61250 ls150">International </span><span class="pp-class-372 pa t61251 l3 ls803">Trucking </span><span class="pp-class-372 pa t61251 l61252 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l61062">Brielle</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61251 l61254 ls9967">18,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l3">EU </span><span class="pp-class-372 pa t61255 l34189 ls803">Trucking </span><span class="pp-class-372 pa t61255 l61156 ls1227">Service </span><span class="pp-class-372 pa t61255 l61157 ls61253">B.V.</span><span class="pp-class-374 pa t61256 l61257">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l61062 ls16">Eindhoven</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61255 l61258 ls4343">270,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l3 ls1150">DFDS </span><span class="pp-class-372 pa t61259 l46065 ls2149">Logistics </span><span class="pp-class-372 pa t61259 l61260 ls2760">Nijmegen </span><span class="pp-class-372 pa t61259 l30305 ls61261">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l61062">Nijmegen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61259 l61262 ls2851">40,840</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61263 l3">DFDS </span><span class="pp-class-372 pa t61263 l34511 ls214">Warehousing </span><span class="pp-class-372 pa t61264 l3 ls658">Rotterdam </span><span class="pp-class-372 pa t61264 l61265 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61264 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61264 l61062 ls1955">Rotterdam</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61264 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61264 l61254 ls9967">18,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l3">DFDS </span><span class="pp-class-372 pa t61266 l34511">Holding </span><span class="pp-class-372 pa t61266 l4217 ls61253">B.V.</span><span class="pp-class-389 pa t61266 l61267">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l61062 ls278">Vlaardingen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61266 l61268 ls3036">40,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l3">DFDS </span><span class="pp-class-372 pa t61269 l34511">Logistics </span><span class="pp-class-372 pa t61269 l61096 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l61062 ls278">Vlaardingen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61269 l61270 ls2787">455,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l3">DFDS </span><span class="pp-class-372 pa t61271 l34511 ls78">NewCo </span><span class="pp-class-372 pa t61271 l61272 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l61062 ls278">Vlaardingen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61271 l47315">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l3">DFDS </span><span class="pp-class-372 pa t61273 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61273 l47403 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l61062 ls278">Vlaardingen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61273 l61274 ls4305">18,400</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l3">DFDS </span><span class="pp-class-372 pa t61275 l34511">Logistics </span><span class="pp-class-372 pa t61275 l61096">Wijchen </span><span class="pp-class-372 pa t61275 l61276 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l61062">Wijchen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61275 l61167 ls195">20,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l3">DFDS </span><span class="pp-class-372 pa t61277 l34511 ls803">Trucking </span><span class="pp-class-372 pa t61277 l61278">Wijchen </span><span class="pp-class-372 pa t61277 l61279 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l61062">Wijchen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61277 l61280 ls1309">18,152</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l3 ls8265 wtro3159 wtr1724 tro3160 tr1725">DFDS </span><span class="pp-class-372 pa t61281 l59371 ls32907 wtro3159 wtr1724 tro3160 tr1725">Warehousing </span><span class="pp-class-372 pa t61281 l61282 ls798 wtro3159 wtr1724 tro3160 tr1725">Wijchen </span><span class="pp-class-372 pa t61281 l61283 ls61284 wtro3159 wtr1724 tro3160 tr1725">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l61062">Wijchen</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61281 l61280 ls1309">18,152</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l3">DFDS </span><span class="pp-class-372 pa t61285 l34511">Distri </span><span class="pp-class-372 pa t61285 l17391">Holding </span><span class="pp-class-372 pa t61285 l61286 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l61062 ls316">Winterswijk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61285 l61254 ls9967">18,000</span></p></td></tr></table></div></div><div id="pp-id-5126" xmlns="http://www.w3.org/1999/xhtml"><div class="w3675 h41986 pa t2 l3 wtro4 xx65 tro6 xx66"><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t328 l3">1</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3433 l3">Unless </span><span class="pp-class-376 pa t3433 l17697 ls1667">otherwise </span><span class="pp-class-376 pa t3439 l3 ls128">indicated, </span><span class="pp-class-376 pa t3439 l61287">the </span><span class="pp-class-376 pa t3445 l3">companies </span><span class="pp-class-376 pa t3445 l16458 ls85">are </span><span class="pp-class-376 pa t3445 l61288 ls128">100% </span><span class="pp-class-376 pa t4202 l3 ls78">owned </span><span class="pp-class-376 pa t4202 l61289 ls1955">by </span><span class="pp-class-376 pa t4202 l61290">the </span><span class="pp-class-376 pa t4202 l61291">DFDS </span><span class="pp-class-376 pa t4210 l3 ls214">Group.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3457 l3">2</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3463 l3">The </span><span class="pp-class-376 pa t3463 l16790 ls90">Company </span><span class="pp-class-376 pa t3463 l47242">is </span><span class="pp-class-376 pa t3463 l61292 ls1099">directly </span><span class="pp-class-376 pa t4229 l3 ls78">owned </span><span class="pp-class-376 pa t4229 l61289 ls1955">by </span><span class="pp-class-376 pa t4229 l61290">the </span><span class="pp-class-376 pa t4229 l61291 ls214">Parent </span><span class="pp-class-376 pa t4234 l3 ls90">Company </span><span class="pp-class-376 pa t4234 l61293">DFDS </span><span class="pp-class-376 pa t4234 l61294 ls1065">A/S</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3479 l3">3</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3484 l3 ls2220">Relief </span><span class="pp-class-376 pa t3484 l18661">in </span><span class="pp-class-376 pa t3484 l61295 ls278">accordance </span><span class="pp-class-376 pa t3488 l3">with </span><span class="pp-class-376 pa t3488 l16321 ls150">Sec. </span><span class="pp-class-376 pa t3488 l61296">264b </span><span class="pp-class-376 pa t3488 l29318">German </span><span class="pp-class-376 pa t3494 l3 ls7094">Commercial </span><span class="pp-class-376 pa t3494 l61297 ls1859">Code </span><span class="pp-class-376 pa t3494 l61298 ls3477">(HGB).</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t3500 l3">4</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t3501 l3">Due </span><span class="pp-class-376 pa t3501 l19071 ls166">to </span><span class="pp-class-376 pa t3501 l19072">minority </span><span class="pp-class-376 pa t4266 l3 ls860">protection </span><span class="pp-class-376 pa t4266 l61299">in </span><span class="pp-class-376 pa t4266 l61300">the </span><span class="pp-class-376 pa t4273 l3 ls166">shareholders’ </span><span class="pp-class-376 pa t4281 l3 ls265">agreements </span><span class="pp-class-376 pa t4281 l53749">the </span><span class="pp-class-376 pa t4281 l11632">DFDS </span><span class="pp-class-376 pa t4288 l3 ls110">Group </span><span class="pp-class-376 pa t4288 l12766">does </span><span class="pp-class-376 pa t4288 l61301 ls150">not </span><span class="pp-class-376 pa t4288 l61302 ls99">have </span><span class="pp-class-376 pa t4288 l53453">a </span><span class="pp-class-376 pa t4297 l3 ls171">controlling </span><span class="pp-class-376 pa t4297 l17493 ls78">interest.</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t50316 l3">5</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t4309 l3 ls842">Includes </span><span class="pp-class-376 pa t4309 l61303">Belgian </span><span class="pp-class-376 pa t4313 l3 ls671">branch, </span><span class="pp-class-376 pa t4313 l61304 ls37">Dutch </span><span class="pp-class-376 pa t4313 l61305 ls671">branch, </span><span class="pp-class-376 pa t4317 l3 ls982">Estonian </span><span class="pp-class-376 pa t4317 l44406 ls671">branch, </span><span class="pp-class-376 pa t4317 l61306 ls134">French </span><span class="pp-class-376 pa t4322 l3 ls671">branch, </span><span class="pp-class-376 pa t4322 l61304">Lithuanian </span><span class="pp-class-376 pa t50327 l3 ls671">branch, </span><span class="pp-class-376 pa t50327 l61304 ls96">Norwegian </span><span class="pp-class-376 pa t61307 l3 ls671">branch, </span><span class="pp-class-376 pa t61307 l61304 ls1005">Swedish </span><span class="pp-class-376 pa t61307 l61308 ls134">branch </span><span class="pp-class-376 pa t61309 l3">and </span><span class="pp-class-376 pa t61309 l4247">UK </span><span class="pp-class-376 pa t61309 l54116 ls134">branch </span><span class="pp-class-376 pa t61309 l14056 ls287">of </span><span class="pp-class-376 pa t61309 l61310">DFDS </span><span class="pp-class-376 pa t61311 l3 ls1065">A/S</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t61312 l3">6</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t61313 l3 ls2220">Relief </span><span class="pp-class-376 pa t61313 l18661">in </span><span class="pp-class-376 pa t61313 l61295 ls278">accordance </span><span class="pp-class-376 pa t61314 l3">with </span><span class="pp-class-376 pa t61314 l16321 ls72">Sec.264 </span><span class="pp-class-376 pa t61314 l61315 ls193">para. </span><span class="pp-class-376 pa t61314 l61316">3 </span><span class="pp-class-376 pa t61317 l3">German </span><span class="pp-class-376 pa t61317 l3302 ls171">Commercial </span><span class="pp-class-376 pa t61318 l3">Code </span><span class="pp-class-376 pa t61318 l53174">(HGB)</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-375 pa t61319 l3">7</span></p><p class="pp-class-365 pp-area-text"><span class="pp-class-376 pa t61320 l3 ls842">Includes </span><span class="pp-class-376 pa t61320 l61303">Belgian </span><span class="pp-class-376 pa t61320 l34101 ls110">branch</span></p></div></div><div class="pp-class-10" id="pp-id-5293" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h43637 pa t2 l3 wtro4 xx29 tro6 xx30"><p class="pp-class-365 pp-area-text"><span class="pp-class-370 pa t21055 l3 ls2149">5.10 </span><span class="pp-class-370 pa t21055 l43638 ls81">Company </span><span class="pp-class-370 pa t21055 l61056 ls828">overview</span><span class="pp-class-371 pa t21055 l61322"/><span class="pp-class-371 pa t21055 l61323 ls155">(continued)</span></p></div></div><div class="pp-class-10" id="pp-id-5294" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61324 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l3 ls913">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l61058 ls842">Ownership</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3433 l61059 ls110">share </span><span class="pp-class-372 pa t3433 l61060 ls302">2024</span><span class="pp-class-389 pa t3433 l61061">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l22702 ls910">Country</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61062">City</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61063 ls978">Currency</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61064 ls112">Share </span><span class="pp-class-373 pa t3433 l61065">Capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l3 ls7694 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-372 pa t61194 l61325 ls2459 wtro3159 wtr1293 tro3160 tr1294">Logistics </span><span class="pp-class-372 pa t61194 l61326 ls195 wtro3159 wtr1293 tro3160 tr1294">Winterswijk </span><span class="pp-class-372 pa t61194 l61327 ls61328 wtro3159 wtr1293 tro3160 tr1294">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61062 ls316">Winterswijk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61329 ls1309">18,151</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l3">DFDS </span><span class="pp-class-372 pa t61197 l34511 ls1264">Property </span><span class="pp-class-372 pa t61197 l61330">and </span><span class="pp-class-372 pa t61198 l3 ls45">Equipment </span><span class="pp-class-372 pa t61198 l47216 ls61253">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61062 ls316">Winterswijk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61198 l61167 ls195">20,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61201 l41618 ls53">Property </span><span class="pp-class-372 pa t61201 l61331 ls2694">Nijmegen </span><span class="pp-class-372 pa t61201 l5586 ls61332">B.V.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l22702 ls96">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61062 ls316">Winterswijk</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61201 l61254 ls9967">18,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l3 ls1227">NorthSea </span><span class="pp-class-372 pa t61207 l61333 ls2854">Terminal </span><span class="pp-class-372 pa t61207 l54235 ls124">AS</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l22702 ls124">Norway</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l61062 ls1309">Brevik</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l61334">NOK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61207 l61335 ls3230">1,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l3">DFDS </span><span class="pp-class-372 pa t61336 l34511">Logistics </span><span class="pp-class-372 pa t61336 l61096 ls124">AS</span><span class="pp-class-374 pa t61337 l6899">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l22702 ls124">Norway</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l61062 ls2489">Lysaker</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l61334">NOK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61336 l61242 ls2147">20,538,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l3">DFDS </span><span class="pp-class-372 pa t61338 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61338 l47403 ls124">AS</span><span class="pp-class-374 pa t61339 l61340">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l22702 ls124">Norway</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l61062">Oslo</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l61334">NOK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61338 l61341 ls650">12,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l3 ls180">Ekol </span><span class="pp-class-372 pa t61342 l61136">Logistics </span><span class="pp-class-372 pa t61342 l53416 ls1005">Sp. </span><span class="pp-class-372 pa t61342 l61343">z </span><span class="pp-class-372 pa t61342 l61344 ls1298">o.o.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l22702 ls128">Poland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l61062 ls1759">Koninko</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l61345">PLN</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61342 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l3">DFDS </span><span class="pp-class-372 pa t61346 l34511 ls203">Polska </span><span class="pp-class-372 pa t61346 l61347 ls1005">Sp. </span><span class="pp-class-372 pa t61346 l61348">z </span><span class="pp-class-372 pa t61346 l61349 ls1298">o.o.</span><span class="pp-class-374 pa t61350 l61351">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l22702 ls128">Poland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l61062 ls134">Poznan</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l61345">PLN</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61346 l61352 ls16981">10,005,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l3">DFDS </span><span class="pp-class-372 pa t61353 l34511 ls254">Investments </span><span class="pp-class-372 pa t61353 l61354 ls1005">Sp. </span><span class="pp-class-372 pa t61353 l61355">z </span><span class="pp-class-372 pa t61353 l61045 ls1298">o.o.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l61356 ls3036">80.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l22702 ls128">Poland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l61062">Szubin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l61345">PLN</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61353 l58740 ls3241">5,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l3 ls719 wtro3159 wtr1724 tro3160 tr1725">DFDS </span><span class="pp-class-372 pa t61357 l61358 ls47104 wtro3159 wtr1724 tro3160 tr1725">Logistics </span><span class="pp-class-372 pa t61357 l61359 ls14073 wtro3159 wtr1724 tro3160 tr1725">Polska </span><span class="pp-class-372 pa t61357 l61360 ls3190 wtro3159 wtr1724 tro3160 tr1725">Sp. </span><span class="pp-class-372 pa t61357 l61361 ls1150 wtro3159 wtr1724 tro3160 tr1725">z </span><span class="pp-class-372 pa t61357 l61362 ls14019 wtro3159 wtr1724 tro3160 tr1725">o.o.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l61356 ls3036">80.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l22702 ls128">Poland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l61062">Szubin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l61345">PLN</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61357 l61161 ls195">50,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l3 ls1722 wtro3159 wtr1724 tro3160 tr1725">Ekol </span><span class="pp-class-372 pa t61363 l61364 ls2949 wtro3159 wtr1724 tro3160 tr1725">International </span><span class="pp-class-372 pa t61363 l61365 ls1742 wtro3159 wtr1724 tro3160 tr1725">Logistics </span><span class="pp-class-372 pa t61363 l61366 ls2784 wtro3159 wtr1724 tro3160 tr1725">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l22702">Romania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l61062 ls1259">Bucharest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l61367 ls254">RON</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61363 l61368 ls858">64,060</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l3">EU </span><span class="pp-class-372 pa t61369 l34189 ls803">Trucking </span><span class="pp-class-372 pa t61369 l61156 ls1227">Service </span><span class="pp-class-372 pa t61369 l61157">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l22702">Romania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l61062 ls1259">Bucharest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l61367 ls254">RON</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61369 l61370 ls650">230,630</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61371 l3">DFDS </span><span class="pp-class-372 pa t61371 l34511">Logistics </span><span class="pp-class-372 pa t61371 l61096 ls96">Solutions </span><span class="pp-class-372 pa t61372 l3">Romania </span><span class="pp-class-372 pa t61372 l61373">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l22702">Romania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l61062 ls1259">Bucharest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l61367 ls254">RON</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61372 l61374 ls740">147,050</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l3 ls789 wtro3159 wtr1293 tro3160 tr1294">Romania </span><span class="pp-class-372 pa t61375 l61376 ls4372 wtro3159 wtr1293 tro3160 tr1294">Transport </span><span class="pp-class-372 pa t61375 l61377 ls17717 wtro3159 wtr1293 tro3160 tr1294">Group </span><span class="pp-class-372 pa t61375 l61378 ls3230 wtro3159 wtr1293 tro3160 tr1294">SRL</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l22702">Romania</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l61062">Tibod</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l61367 ls254">RON</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61375 l61091 ls1073">1,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l3 ls180">Ekol </span><span class="pp-class-372 pa t61379 l61136 ls316">Logistika </span><span class="pp-class-372 pa t61379 l61380 ls49709">D.O.O </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l22702 ls124">Slovenia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l61062">Ljubljana</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61379 l61381 ls195">40,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l3 ls180">Ekol </span><span class="pp-class-372 pa t61382 l61136">Spain </span><span class="pp-class-372 pa t61382 l11568">Logistics </span><span class="pp-class-372 pa t61382 l5376 ls78">S.L.U.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l61062 ls1259">Barcelona</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61382 l61383 ls1772">1,603,100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61384 l3">DFDS </span><span class="pp-class-372 pa t61384 l34511 ls90">Destination </span><span class="pp-class-372 pa t61384 l61385 ls671">Morocco </span><span class="pp-class-372 pa t61386 l3 ls78">S.L.U.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61386 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61386 l61062 ls3362">Tarifa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61386 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61386 l58096 ls2854">60,102</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l3">DFDS </span><span class="pp-class-372 pa t61387 l34511">Iberia </span><span class="pp-class-372 pa t61387 l49165 ls78">S.L.U.</span><span class="pp-class-389 pa t61387 l55363">²</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l61062 ls3362">Tarifa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61387 l61388 ls17725">8,700,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l3">N&amp;K </span><span class="pp-class-372 pa t61389 l61080">Spedition </span><span class="pp-class-372 pa t61389 l61390">Spain </span><span class="pp-class-372 pa t61389 l22532 ls3688">S.L.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l61062 ls7858">Tarragona</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61389 l61391 ls195">60,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61392 l41618 ls1057">Seaways </span><span class="pp-class-372 pa t61392 l61393 ls2694">Hispania </span><span class="pp-class-372 pa t61392 l61394 ls76">S.L.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l22702">Spain</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l61062 ls274">Valencia</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61392 l61125 ls2955">3,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l3">DFDS </span><span class="pp-class-372 pa t61395 l34511">AB</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61395 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61397 l41618 ls1073">Logistics </span><span class="pp-class-372 pa t61397 l56830 ls7694">Contracts </span><span class="pp-class-372 pa t61397 l61398 ls302">AB</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61397 l61161 ls195">50,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l3">DFDS </span><span class="pp-class-372 pa t61399 l34511">Logistics </span><span class="pp-class-372 pa t61399 l61096 ls8394">Partners </span><span class="pp-class-372 pa t61399 l61400">AB</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l61401 ls3241">85.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61399 l61335 ls3230">1,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l3 ls258">DFDS </span><span class="pp-class-372 pa t61402 l61403 ls150">Logistics </span><span class="pp-class-372 pa t61402 l61404 ls907">Services </span><span class="pp-class-372 pa t61402 l17239 ls175">AB</span><span class="pp-class-374 pa t61405 l16411"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61402 l61101 ls2944">1,100,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l3">DFDS </span><span class="pp-class-372 pa t61406 l34511 ls254">Professionals </span><span class="pp-class-372 pa t61406 l61407">AB</span><span class="pp-class-374 pa t61408 l61409">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l61410 ls50142">87.50</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61406 l61149 ls650">25,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61411 l3 ls2056">DFDS </span><span class="pp-class-372 pa t61411 l61412 ls5535">Denizcilik </span><span class="pp-class-372 pa t61411 l61413 ls254">ve </span><span class="pp-class-372 pa t61414 l3 ls105">Tasimacilik </span><span class="pp-class-372 pa t61414 l4533 ls6655">A.Ş.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l61415 ls800">98.80</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l22702 ls7858">Türkiye</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l61062 ls96">Istanbul</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61414 l61416 ls16981">369,967,159</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61417 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61417 l41618 ls12527">Turkey </span><span class="pp-class-372 pa t61417 l44819 ls1701">Denizcilik </span><span class="pp-class-372 pa t61417 l51210 ls1319">ve </span><span class="pp-class-372 pa t61418 l3 ls742">Tasi </span><span class="pp-class-372 pa t61418 l61419 ls46217">Yati </span><span class="pp-class-372 pa t61418 l53871 ls76">A.Ş.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l22702 ls7858">Türkiye</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l61062 ls96">Istanbul</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61418 l61420 ls7694">342,000,000</span></p></td></tr></table></div></div><div class="pp-class-10" id="pp-id-5295" xmlns="http://www.w3.org/1999/xhtml"><div class="w37192 h61421 pa t2 l3 wtro4 xx616 tro6 xx617"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l43209 ls913 wtro3159 wtr61422 tro3160 tr61423">Company</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t328 l61185 ls842 wtro3159 wtr61422 tro3160 tr61423">Ownership</span></p><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t3433 l61186 ls110 wtro3159 wtr61422 tro3160 tr61423">share </span><span class="pp-class-372 pa t3433 l61187 ls302 wtro3159 wtr61422 tro3160 tr61423">2024</span><span class="pp-class-389 pa t3433 l61188 wtro3159 wtr61422 tro3160 tr61423">¹</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61189 ls910 wtro3159 wtr61422 tro3160 tr61423">Country</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61190 wtro3159 wtr61422 tro3160 tr61423">City</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61191 ls978 wtro3159 wtr61422 tro3160 tr61423">Currency</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t3433 l61192 ls112 wtro3159 wtr61422 tro3160 tr61423">Share </span><span class="pp-class-373 pa t3433 l61193 wtro3159 wtr61422 tro3160 tr61423">Capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l3 ls1868">Ekol </span><span class="pp-class-372 pa t61194 l59541 ls2694">Lojistik </span><span class="pp-class-372 pa t61194 l61424 ls3377">Ltd.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l22702 ls7858">Türkiye</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61062 ls96">Istanbul</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61194 l61425 ls61426">2,872,747</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l3 ls1868">Ekol </span><span class="pp-class-372 pa t61197 l59541 ls3539">Transport </span><span class="pp-class-372 pa t61197 l47295 ls6655">A.Ş.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l22702 ls7858">Türkiye</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l61062 ls96">Istanbul</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l61078">EUR</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61197 l61427 ls7243">47,210,796</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l3 ls1237">LLC </span><span class="pp-class-372 pa t61428 l17362">DFDS</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l22702 ls134">Ukraine</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l61062 ls124">Kiev</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l61085 ls1065">UAH</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61428 l61429 ls7729">357,644</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l3 ls907">Bondelivery </span><span class="pp-class-372 pa t61430 l29575">NI </span><span class="pp-class-372 pa t61430 l6460 ls34">Ltd.</span><span class="pp-class-374 pa t61431 l29980">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l22702 ls2149">United </span><span class="pp-class-372 pa t61430 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l61062 ls168">Ballymena</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61430 l61434 ls1772">260,110</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l3 ls8569 wtro3159 wtr1724 tro3160 tr1725">McBurney </span><span class="pp-class-372 pa t61435 l61436 ls23068 wtro3159 wtr1724 tro3160 tr1725">Transport </span><span class="pp-class-372 pa t61435 l61437 ls46095 wtro3159 wtr1724 tro3160 tr1725">Group </span><span class="pp-class-372 pa t61435 l61438 ls23513 wtro3159 wtr1724 tro3160 tr1725">Ltd.</span><span class="pp-class-374 pa t61439 l61440 wtro42446 wtr1724 tro42447 tr1725">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l22702 ls2149">United </span><span class="pp-class-372 pa t61435 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l61062 ls168">Ballymena</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61435 l61441 ls7841">947,934</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l3 ls1237 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-372 pa t61442 l61443 ls2134 wtro3159 wtr1293 tro3160 tr1294">Warehousing </span><span class="pp-class-372 pa t61442 l61444 ls1148 wtro3159 wtr1293 tro3160 tr1294">Corby </span><span class="pp-class-372 pa t61442 l61445 ls7096 wtro3159 wtr1293 tro3160 tr1294">Ltd.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l22702 ls2149">United </span><span class="pp-class-372 pa t61442 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l61062 ls1326">Corby</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61442 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l3 ls1237 wtro3159 wtr1293 tro3160 tr1294">DFDS </span><span class="pp-class-372 pa t61446 l61443 ls1818 wtro3159 wtr1293 tro3160 tr1294">Logistics </span><span class="pp-class-372 pa t61446 l31245 ls7096 wtro3159 wtr1293 tro3160 tr1294">Contracts </span><span class="pp-class-372 pa t61446 l61447 ls7096 wtro3159 wtr1293 tro3160 tr1294">Ltd.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l22702 ls2149">United </span><span class="pp-class-372 pa t61446 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61446 l61448 ls2142">2,571,495</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l3">DFDS </span><span class="pp-class-372 pa t61449 l34511">Logistics </span><span class="pp-class-372 pa t61449 l61096 ls34">Ltd.</span><span class="pp-class-374 pa t61450 l51390">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l22702 ls2149">United </span><span class="pp-class-372 pa t61449 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61449 l61451 ls650">15,150,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l3 ls1323">DFDS </span><span class="pp-class-372 pa t61452 l41618 ls1073">Logistics </span><span class="pp-class-372 pa t61452 l56830 ls1099">Services </span><span class="pp-class-372 pa t61452 l61453 ls4652">Ltd.</span><span class="pp-class-374 pa t61454 l59107">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l22702 ls2149">United </span><span class="pp-class-372 pa t61452 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61452 l61206 ls278">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l3 ls16">DFDS </span><span class="pp-class-372 pa t61455 l55205 ls2787">Seaways </span><span class="pp-class-372 pa t61455 l61404 ls897">Holding </span><span class="pp-class-372 pa t61455 l61456 ls3105">Ltd.</span><span class="pp-class-374 pa t61457 l36668">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l22702 ls2149">United </span><span class="pp-class-372 pa t61455 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61455 l61458 ls650">250,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l3">DFDS </span><span class="pp-class-372 pa t61459 l34511 ls1077">Seaways </span><span class="pp-class-372 pa t61459 l47403 ls1005">Plc.</span><span class="pp-class-374 pa t61460 l61461">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l22702 ls2149">United </span><span class="pp-class-372 pa t61459 l61432 ls2787">Kingdom</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l61062">Immingham</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l61433">GBP</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61459 l61462 ls2143">40,250,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61463 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61464 l3 ls241">Associates </span><span class="pp-class-373 pa t61464 l57236">and </span><span class="pp-class-373 pa t61464 l61465 ls907">joint </span><span class="pp-class-373 pa t61466 l3 ls124">ventures:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61466 l61067"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61466 l61062"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61466 l61068"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l3 ls931">Euro </span><span class="pp-class-372 pa t61467 l61468">Asia </span><span class="pp-class-372 pa t61467 l27755">cold </span><span class="pp-class-372 pa t61467 l61469">Chain </span><span class="pp-class-372 pa t61467 l47107">Logistic</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l61470 ls1073">52.04</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l22702">China</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l61062">Shanghai</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l61085">CNY</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61467 l61471 ls2970">22,100,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l3">DeaL </span><span class="pp-class-372 pa t61472 l61473 ls134">Energy </span><span class="pp-class-372 pa t61472 l61474 ls1065">A/S</span><span class="pp-class-374 pa t61475 l27598 wtro42446 wtr1724 tro42447 tr1725">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l61476 ls3036">50.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l22702">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l61062">Hellerup</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l61071">DKK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61472 l61109 ls650">500,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l3">Bohus </span><span class="pp-class-372 pa t61477 l6937 ls2854">Terminal </span><span class="pp-class-372 pa t61477 l61478">Holding </span><span class="pp-class-372 pa t61477 l61479">AB</span><span class="pp-class-374 pa t61480 l61481 wtro42446 wtr1724 tro42447 tr1725">4</span><span class="pp-class-374 pa t61480 l61482"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l61483 ls3241">65.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61477 l61161 ls195">50,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l3 ls23508 wtro3159 wtr9936 tro3160 tr9937">Gothenburg </span><span class="pp-class-372 pa t61484 l61485 ls6636 wtro3159 wtr9936 tro3160 tr9937">RO/RO </span><span class="pp-class-372 pa t61484 l61486 ls50142 wtro3159 wtr9936 tro3160 tr9937">Terminal </span><span class="pp-class-372 pa t61484 l61487 ls4305 wtro3159 wtr9936 tro3160 tr9937">AB</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l61483 ls3241">65.00</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l22702 ls78">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l61062 ls278">Gothenburg</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l61396">SEK</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-372 pa t61484 l61488 ls18115">5,000,000</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-365 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-373 pa t61489 l3">25 </span><span class="pp-class-373 pa t61489 l61490 ls105">Dormant </span><span class="pp-class-373 pa t61489 l57498 ls105">entities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div> Denmark Marmorvej 18DK 2100 Copenhagen Ø